Charlty registratlon number 703194
Company reglstration number 02516363 (England and Wales)
CROFT CARE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
lli
'ADDV39EI*
1611012024
COMPANIES HOUSE
A14
#274

CROFT CARE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
MrsA Edmondson
Mr P J Heath
Mrs B Pearce
Miss S Edmondson
Mrs C Hibbert
Charity number
703194
Company number
02516363
Reglstered offlca
The Croft
Hawcoat Lane
Barrow in Furness
Cumbria
L414 4HE
Audltor
JL Winder & Co
Suite 6
Furness Gate
Peter Green Way
Barrow in Fumess
Cumbria
LA14 2PE
Bankers
Natwest
113 Dalton Road
Barrow in Furness
Cumbria
LA14 1WY
Furness Building Society
51-55 Duke Street
Barrow in Furness
Cumbria
LA14 1RT
Soll¢ltors
Livingstons Solicitors
9 Benson Street
Ulverslon
Cumbria
LA12 7AU

CROFT CARE TRUST
CONTENTS
Page
Trustees, report
Statement of Trustees. responsibilities
Independent auditor's report
Statement of financial activitie5
Balance sheet
11
Statement of cash flows
12
Notes to the financial statements
13-28

CROFT CARE TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their Annual Report and Financial Statements for the year ended 31 March 2024.
The Financial Statements have been prepared in accordance with the Accounting Policies set out in note 1 to the
Financial Statements and comply with the Charity's Articles of Association, the Companies Act 2006 and
"Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to Charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102)" (effective 1 January 2019).
Objecllves and actlvlties
The Charily's objects are to promote the care, treatment, education and advancement of people with leaming
and physical difficulties in Barrow in Furness.
The objectives are carried out by providing long term care in a Nursing and Residential setting. The Charity has
46 long term care beds (23 nursing and 23 residential} within a homely environment in which the Residents can
live a full and active life.
The Charity's aim is to provide a safe and caring environment for Residents for as long as it is needed. Each
Resident receives individualised care of the highest possible standard based on current knowledge and
research. which promotes privacy. dignity and respect.
There has been no change in these during the year.
The Trustees have pald due regard to guidance in section 17{5) of the 2011 Charities Act issued by the Charity
Commission in deciding what activities the Charity should undertake.
Strateglc report
The description under the headings "Achievements and performance" and "Financial review" meet the Company
Law requirements for the Trustees to present a strategic report.
Achievements and performance
This year continued with Steven Hibbert as Ihe Registered Manager and Helen Waite and Julie MarklgN making
up the Senior Management Team. The structure is one Registered Manager leading a team of Senior
Managers and two Junior Managers.
Our last inspection by CQC was on 25th February 2022. We were classed as a 'Good' home.
We continue to update and modernise and as Residents, needs change we adjust accordingly, keeping the
accommodation maintained to a high standard.
As with all Care homes we have been faced with contlnued restrictions relating to Covid 19 although these have
been reduced. As additional Governmenl funding ceased in 2022, we put in place a Covid Fund which could be
accessed by every Staff member to cover a weeks wage should they have to be absent due to a positive Covid
tesl.
The conversion of the ground floor space at Highlands Avenue into a 1 bedroomed unfurnished flat was
completed and the flat was rented out in January and brings in a regular income along with the upstars flat. The
garden was also divided into 2 separate areas.
We continue to audit and review on a regular basis. we have appointed a Staff Training Officer who delivers and
monitors the continuous Staff training specifically targeted for our Residents. needs.

CROFT CARE TRUST
TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT AND
STRATEGIC REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Flnancial review
During the year the Charity provided long term Residential care for 46 Residents {2023 - 46). 23 within the
Nursing Home and 23 within Ihe Village. For much of this year there were several vacancies in both the Nursing
Home and the Village.
The Charity received fees for providing this residential care of £2,638.487 {2023- £2,394.343).
The Charity has a significant Investment Portfolio and two rental flats. It received investment income of £51,715
12023 - £33,154) from interest and dividends on these investments, and rent from the rental property.
It also received donations, gifts and legacies of £114,474 (2023 - £47,984). There were no restrictions on use
placed on any income this year.
Shop income was nil (2023- £7,881), the shop having closed in June 2022.
Other income amounted to £23,807 (2023 £3,408} and included an insurance claim and income for student
nurse training.
This resulted in total income of £2,828,483 (2023- £2,486,770) for the financial year.
Charitable expenditure in the year tolalled £2,929,531 (2023 - £2,452,738),
Of Ihis £2,260,261 12023 - £1,898,200> was for staff wage costs to enable the care lo be provided. This year this
included agency costs of £121,852. Depreciation also accounts for a substantial part of these figures being
£78,84412023 - £85.624}.
£19,361 (2023 - £43.222) was spent on raising funds, the decrease being as a result of the shop closure.
Total expenditure for the year was £2,949,861 {2023 - £2,500.281).
There were realised gains on Investments of £1,125 (2023- £153,541) and unrealised gains of £135,646 (2023
unrealised losses of £248,630).
The work on Highlands Avenue was completed converting the former sandwich shop, Crofties. to a Se￿nd rental
flat, Highlands Ave now comprises Iwo rental liats and as such the asset has been reclassified al Pdir value as
an investment property on the balance sheet. The fair value adjustment was a reduction in value of £107.754.
The net movemenl in funds was an decrease of £92,361 (2023 - decrease of £108,600).
The Charity has unrestricted reseNes at the year end of £4,020,156 (2023- £4,104,231) and restricted reseNes
of £5,47612023 - £13.762).
It is the policy of the Charity that unrestricted funds which have not been designated for a specrfic use should be
mainlained at a level to ensure operalion for one year. The Trustees consider that reserves at Ihis level will
ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current
activities while consideration is given to ways in which additional funds may be raised.
The Charity has a significant Investment Portfolio which is managed by DavidArmstrong ofTrue Potential Wealth
Management LLP. The new building extension will be funded from the capital element of the Investments as well
as our continuing need to draw down further income in order to assist with the running costs of Croft Care Trust.
The next year will see a major reduction in the overall amount of the investments. This cannot be avoided as the
safety and welfare of the Residents remains of paramount importance.
The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are
in place lo mitigate exposure to the major risks.

CROFT CARE TRUST
TRUSTEES. REPORT ICONTINUED){INCLUDING DIRECTORS, REPORT AND
STRATEGIC REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Plans for future perlods
We hope to continue lo provide a much needed service for the local community We will continue lo improve and
renovate the existing buildings and facilities. We took the decision to apply for permission to build a 5
bedroomed extension to the Nursing Home in order to bring some of the upstairs Residents down to the ground
floor. Pefmission was granted and even though this meant that the Club House needed to be demolished in
order to make way for the extension, the benefits will be 5 new rooms fully fit for purpose as well as improved
evacuation procedures should they ever be required. Building work has started and should be completed by the
start of 2025.
We continue to strive forward wth future planning, in the next accounting year we continue to renovate and
improve the buildings and facilities, with a view to making them work better for us and our Residents.
Structure, governance and management
The Charity is a Company limited by guarantee and is governed by a Memorandum and Articles ofAssociation.
The Trustees. who are also the Direclors for the purpose of Company Law, and who served during the year and
up lo the date of signature of the financial statements were..
Mrs A Edmondson
Mr P J Heath
Mrs B Pearce
Miss S Edmondson
Mrs C Hibbert
Our Trustees are elected each year at our AGM. They are recruited for Ihe skills they bring with them to help the
Croft Care Trust. We are always on the look oul to recruit more Trustees and ask that people who have the
relevant skllls apply via letter encloslng a CV. All new applicants will be checked through the Data Barring
Service, Individual Insolvency Register, Register of Disqualified Directors and the Charity Commission. Subject
to references and completed checks returning satisfactory results, applicants will be invited to join the Trustees.
None of Ihe Trustees has any beneficial interest in the company. All of the Trustees are members of the
Company and guarantee to contribute £1 in the event of a winding up
All new Trustees are given a guided tour, so long as COVID restrictions allow for this. During the tour they are
informed of our history, the type of age group of Clients we have and what our aims are for the future of the Croft
Care Trust. They are given a booklet, produced by the Charities Commission called 'The Essential Charity
Truslee, (CC3) which gives details of responsibililies undertaken and also the Memorandum andArticles of
Association.
The Trustees of the Croft Care Trust are responsible for the business side of the Charity. The day to day running
of the Charity is left to the Senior Management Team as follows'.-
Mr S Hibbert- Registered Manager
Mrs J Marklew- Finance Manager
Helen Waite - Clinical Lead Nurse l Deputy Manager
A review board wmprising Mrs Avis Edmondson, Miss Sarah Edmondson and Mrs Colette Hibbert has been
established to set the pay and remuneration of the Charily's key Management Personnel.
There are no connected Chartties or Branches and no material transactions with Trustees or related parties.

CROFT CARE TRUST
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT AND
STRATEGIC REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Funds held as Custodian Trustee
The Charity holds, as Custodian Trustee, a separate bank account which is not reflected in these accounts as the
money belongs to Residents of Croft Care Trust. At the year end the total held was £1,331 (2023 - £4,974).
Auditor
Dlsclosure of Infomiation to Audltor
Each of the Trustees has confimied that there is no information of which they are aware which is relevant to the
audit, but of which the Auditor is unaware. They have further confirmed that they have taken appropriate steps to
identify such relevant information and to establish that the Auditor is aware of such information.
The Trustees, Report, including the Strategic Report, was approved by the Board of Trustees.
Daled..
gid'° &ptELMbL-o a￿4

CROFT CARE TRUST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees, vtho are also the directors of Croft Care Trust for the purpose of company law, are responsible for
preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trustees lo prepare financial statements for each financial year which gtve a true and
fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including
the income and expenditure, of the charitable company for that year.
In preparing these financial statements. the Trustees are required to..
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent.,
slate whether applicable UK Accountlng Standards have been followed, subject to any material departures
disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basi5 unless it is Inappropriate to presume that the Charity
will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any lime the financial position of the Charity and enable them to ensure that the financial statemerts comply with
the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and he￿e for taking
reasonable steps for the prevention and detection of fraud and other irregularities,
The Trustees are responsible for the mainlenance and integrity of the charity and financial inforrnation included on
the Charity's website. Legislation in the United Kingdom governing the preparation and disseminallon of financial
statements may differ from legislation in other jurisdictions.

CROFT CARE TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF CROFT CARE TRUST
Opinlon
We have audited the financial statements of Croft Care Trust (the 'Charity') for the year ended 31 March 2024 which
comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the
financial statements, including significant accounting policies, The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial
Reporting Standard 102 Th& Financial Reporting Standard applicable in the UK and Republic of I￿land (United
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial stalements:
give a true and fair view of the slate of the charitable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources. including its income and expenditure, for the year then
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice-
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for opinion
We conducted our audit in accordance with International Standards on Auditing {UK) (ISAS {UKI) and applicable
law. Our responsibilities under those standards are further described in the Auditoffs fftsponsibililies for the audit ol
Ihe financial statements section of our report. We are independent of the charitable company in accordan￿ with the
ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Con¢luslons relatlng to golng concern
In auditing the financial statements, we have concluded Ihat the Trustees. use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
8ased on the work we have performed, we have not identified any material uncertainties relating io events or
conditions that, individually or collectively, may cast significant doubl on the Charity's ability to continue as a going
concern for a period of at least ￿e1ve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Other Information
The other information comprises the information included in Ihe annual report other than the financial statements
and our auditor's report thereon. The Truslees are responsible for the other information contained within the annual
report. Our opinlon on the financial statements does not cover the other information and, except to the extent
otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other information and. in doing so. consider whether the other information is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit, or othernise appears
lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether Ihis gives rise to a material misstalement in the financial slatements themselves. If.
based on the work we have performed. we conclude that there is a material misstatement of this other information,
we are required to report that fact.
We have nothing to report in this regard.
Oplnions on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of our audit:
the information given in the Trustees, report, which includes the directors, report and the strategic report
prepared for the purposes of company law. for the financial year for which the financial statements are
prepared is Consistent with the financial statements. and
the strategic report and the directors, report included wilhin the Trustees, report have been prepared in
accordance with applicable legal requirements.

CROFT CARE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CROFT CARE TRUST
Matters on whl¢ii we are requlred to report by exception
In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the
audit, we have not identified material misstatements in the strategic report or the'directors, report included within the
Trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or relurns adequate for our audit have not been received
from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of trustees, remuneration specified by law are nol made., or
we have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the statement of Trustees, responsibilities, the Trustees, who are also the direclors of the
Charity for the purpose of company law. are responsible for the preparation of the financial slalements and for being
satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to
enable the preparation of financial statements that are free from material misstatement, whether due to fraud or
error. In preparing the financial statements, the Trustees are responsible for assessing the Charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease
operations, or have no reallstic alternative but to do so.
Audltor's responslbllltles for Ihe audit of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and lo issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance bul is nol a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a malerial misstatement when It exisls. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence
the economic decisions of users taken on the basis of these financlal statements
The exlent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

CROFT CARE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CROFT CARE TRUST
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including
fraud and non-compliance with laws and regulations, was as follows:
the engagement partner ensured that the engagement team collectively had the appropriate Cornpeten￿,
capabilities and skills lo identify or recognise non-compliance with applicable laws and regulations.,
we identified the laws and regulations applicable to the charity through discussions with trustees and senior
management, and from our commercial knowledge and experience of the charity sector;
we focused on specific laws and regulations which we considered may have a direct material effect on the
financial statements or the operations of the company, including legislation such as the Companies Act
2006, taxation legislation, data protection, health and social care regulatlons, employment and health and
safety legislation.
• we assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management and inspecting legal correspondence., and
• identified laws and regulations were communicated within the audit team regularfy and the team remained
elert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, induding obtaining
an understanding of how fraud might occur, by..
making enquiries of management as to vthere they consldered there was susceptibility to fraud, thelr
knowledge of actual, suspected and alleged fraud;
considering the internal controls in place to mitigale risks of fraud and non-compliance with laws and
regulations.,
To address the risk of fraud through management bias and override of controls, we:
performed analytical procedures lo identify any unusual or unexpected relatlonshlps.
tested joumal entries to identify unusual transactions.,
assessed whether judgements and assumpiions made in determining the accounting estimates were
indicative of potential bias.,
investigated the rationale behind significant or unusual transaclions:
In response to the risk of irregularities and non-compllance with laws and regulations, we designed procedures
which included, but were not limited to..
agreeing financial statement disclosures to underlying supporting documentation.,
reading the minutes of meetings of those charged with governance;
enquiring of management as to actual and polential litigation and claims.,
reviewing correspondence with relevant regulators and the company's legal advisors:
There are inherenl limitalions in our audit procedures described above. The more removed that laws and
regulalions are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audil procedures required to identify non-compliance with laws and regulations to
enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may
Involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
Use of our r•port
This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might stale lo the charitatAe company's
members those malters we are required to slate lo them in an auditor's report and for no olher purpose. To the
fullest exlent permitted by law, we do nol accept or assume responsibility to anyone other Ihan the charitable
company and the charltable company's members as a body, for our audit work, for this report, or for the opinlons we
have formed.

CROFT CARE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CROFT CARE TRUST
Sarah Roberts Bsc FCA (Senior Statutory Auditor)
for and on behall of JL Wlnder & Co
Chartered Accountants
Statutory Audltor
Suite 8
Furness Gate
Peter Green Way
Barrow in Furness
Cumbria
LA14 2PE

CROFT CARE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
funds
funds
Total
2024
Total
2023
Notes
In
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
114,474
2,638,487
114,474
47.984
2,638.487 2,394,343
7,881
33,154
3,408
51,715
23,807
51,715
23,807
Total Income and endowments
2.828,483
2,828,483 2,486,770
Raising funds
19,361
19,361
43,222
Charitable activities
2,927,885
1,646 2,929,531
2.452,738
Other
14
969
969
4,321
Total resources expended
2,948,215
1,646
2,949,861
2,500,281
Net gainsl(losses) on investments
15
29,017
29,017
(95,089)
Net outgolng resources before transfers
(90,715)
(1,646)
(92,361) (108,600)
Gross transfers between funds
8.640
(6,640)
Net movement In funds
184,075)
(8,286)
{92,361) (108,600)
Fund balances at 1 April 2023
4,104,231
13,762
4,117,993 4,226,593
Fund balances at 31 March 2024
4.020,156
5.476
4,025.632
4,117.993
The statement of financlal activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.
10-

CROFT CARE TRUST
BALANCE SHEET
AS AT31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
Investment properties
Investments
17
18
19
1,546,331
300,000
2,024,316
1,909,975
1,883,860
3,870,647
3,793,835
Current assets
Stocks
Debtors
Cash at bank and in hand
21
20
6,666
126.916
280,965
6,725
99.856
376,862
414.547
483,443
Credltors: amounts falllng due wlthln
one year
22
(259.562)
(1 59,2851
Net current assets
154,985
324,158
Total assets less current Ilabllltles
4,025,632
4,117,993
Income funds
Reslricled funds
24
5,476
13,762
General unrestricted funds
26
4,020,156
4,104,231
4.020,156
4,104,231
4,025,632
4,117,993
The accounts were approved by the Twstees on .
MrsA Edmondson
Trustee
Company Registration No. 02516363
11

CROFT CARE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operatlng activitles
Cash (absorbed by)Igenerated from
operations
31
(20,004)
12,535
Investlng actlvltles
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Purchase of investments
Proceeds from disposal of investments
Investment income received
{123,923)
(53.400)
530
(2,039.2481
2,031,394
33,154
(166,933)
163,248
51,715
Net cash used In Investlng actlvltles
(75,893)
(27,570)
Net cash used in financlng activities
Net decrease In cash and cash equlvalents
(95,897)
(15,035)
Cash and cash equivalents at beginning of year
376,862
391,897
Cash and cash equlvalents at end of year
280,965
376,862
12-

CROFT CARE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Company informallon
Croft Care Trust is a private company limited by guarantee incorporated in England and Wales. The
registered office is The Croft, Hawcoat Lane, Barrow in Furness, Cumbria. LA14 4HE.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charily's Igoverning documenti, the
Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland ("FRS 102 ) and the Charities SORP "Accounting and Reporting by Charities.. Statement ol
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" (effective 1 January 2019). The
Charity is a Public Benefit Entity as defined by FRS 102.
The financial stalemenls are prepared in sterling, which is the functlonal currency of the Charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the hislorical cost convenlion, [modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
valuel. The principal accounting policies adopted are set out below.
1.2 Golng Concern
At the time of approvlng the financial slatements, the Truslees have a reasonable expectation that the Charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the reslricled funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that Ihe capital must be rnainlained by the
Charity.
1.4 Incomlng resources
Income is recognised when the Charity is legally entitled to il after any performance conditions have been
met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified
of the donation, unless performance conditions require deferral of the arnount. Income tax recoverable in
relation lo donations received under GiftAid or deed5 of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or othe￿iSe if the Charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
Care fee income is measured at the fair value of the consideration received or receivable and represents
amounts receivable for goods and services provided in the normal course of business, nel of discounts, As
the Charity is not VAT registered all figures shown in the accounts are gross.
13-

CROFT CARE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued
1.5 Resources expended
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party. it is probable that a transfer of economic benefits wll be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the tolal of direct costs and
shared costs, including support costs involved in undertaking each activity Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more Ihan one activity and
support costs which are not attributable to a single aclivily are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
Resources expended are accounted for on an accruals basls and are allocaled to the relevant cost category.
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Land and buildings
Fixtures, fittings & equipmenl
Motor vehicles
20/0 Straight line
15¢/10 Straight line
200A straight line
The gain or loss arising on the disposal of an ass81 is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised In the slatement of financial aclivilies.
Assels with a cost of £500 or less are nol capitalised.
1.7 Investment propertles
Investment property, which is property held to eam rentals andlor for capital appreciation, is initially
recognised at cost. which includes the purchase cost and any directly attributable expenditure. Subsequently
it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in
profit or loss.
1.8 Flxed asset Investments
Fixed asset investments are initially measured al transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognlsed In net
incomel(expenditure) for the year. Transaction costs are expensed as incurred.
1.9 Impalrment of flxed assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible and intangible assets to
detemine whether there is any indication that those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is eslimaled in order to determine the extent of the
impairment loss lif any).
1.10 Stocks
stocks are stated at the lower of cost and estimated selling pri￿.
14-

CROFT CARE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
(Continued
1.11 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid
investmenls with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.12 Financial instruments
The Charity has elected to apply the provisions of Section 11 'Basic Flnancial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the Charity's balance sheel when the Charity becomes party to the
contradual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to sel off the recognised amoun15 and there is an intention to settle on
nel basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include deblors and cash and bank balances, are initially measured at
transaction price including transaction cosls and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaclion is
measured at the present value of the future receipts discounled at a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
Baslc flnanclal Ilablllties
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the future payments discounted at a market rale of interest. Financial liabilities classlfied as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost. using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operalions from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al
transaction price and subsequently measured at amortised cosl using the effective interest method.
Derecognitlon of financlal Ilabilltles
Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or
cancelled.
1.13 Employee benefits
The cost of any unused holiday entitlement is recognised in Ihe period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed
to terminate the employmenl of an employee or to provide termination benefits.
1.14 Retlrement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.15 Leases
Rentals payable under operating leases, including any lease incentives received. are charged as an expense
on a straight line basis over the term of the relevanl lease.
15-

CROFT CARE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Judgements and key areas of estimation uncertainty
In the application of the Charity's accounting policies. the Trustees are required to make judgements,
estimates and assumptions about the carrying amounl of assets and liabilities that are not readily apparent
from other sources. The eslimales and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revislon affects both current and future
periods.
Crltlcal Judgements
Fixed assets
The useful life and depreciation rate of tangible flxed assets is regularly reviewed and amended where
necessary.
Valuatlon of investment property
Th8 company has obtained a market valuation for the investmenl property from a local valuer who has
extensive knowledge of the area.
Donatlons and legacles
2024
2023
Donations and gifts
114,474
47,984
114.474
47,984
Charltable actlvltles
2024
2023
Income from care fees
2.638,487 2,394,343
Other trading actlvities
2024
2023
Shop income
7,881
16-

CROFT CARE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from investments
Unrestricted Unrestrlcted
funds
funds
2024
2023
Rental income
Dividends received
Interest receivable
9,349
37,833
4,533
8.122
22,903
2,129
51,715
33,154
other Income
2024
2023
Income from staff meals
Minibus income
Misc income
550
1,026
22,231
195
1,276
1,937
23,807
3,408
17_

CROFT CARE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Raising funds
Unrestricted Restricted
funds
funds
Total Unrestrlcted
funds
2024
2024
2024
2023
Other fundraising costs
536
536
Operating charity shop
Staff costs
12,846
11,719
Trading Costs
24,565
Al
AA
Investment management fees
Rental property costs
15,148
3,677
15,148
3,877
15.050
3,607
18,825
18,825
18,657
19,361
19,361
43,222
18

CROFT CARE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activities
2024
2023
Staff costs
Depreciation and impairment
Provisions
Hygiene and surgical supplies
Rates and water
Fuel and light
Insurance
Telephone
Cleaning and laundry
Waste disposal
Equipment maintenance
Property maintenance
Garden maintenance
Repairs and r8newals - general DIY
Residents, welfare and entertainment
TV licence fees and sundries
Recruitment and training costs
Staff overalls and expenses
Motor expenses
Registration fees
Office costs
Bank charges
Payroll fees
Legal and professional fees
Accountancy and audit fees
2,260,261
78,844
94,977
21,914
25,351
86,906
32,593
2,406
23,258
15,831
25,981
69,088
337
39,203
6,547
2.227
21,225
22,502
6,610
12.038
48,814
2,544
10,428
11,751
7,897
1,886,481
85,824
95,829
13,250
30,838
65,359
30,287
2,033
27,903
13,989
29,007
19,352
330
42,621
1,372
3,127
18,154
16,066
3,404
9,247
43,502
2,053
5,073
360
7,477
2,929,531
2,452,738
Analysis by fund
Unreslricled funds
Restricted funds
2,927,885
1,646
2,929,531
For the year ended 31 March 2023
Unrestricted funds
Restricted funds
2,448.395
6,343
2,452,738
19

CROFT CARE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Net movement In funds
2024
2023
The net movement in funds is stated after chargingllcrediting>'.
Fees payable to the charity's auditor:
for the audit of the charity's financial statements
for other financial seNi¢es
Depreciation of owned tangible fixed assets
Loss on disposal of tangible fixed assets
6,300
1,200
78.844
969
6,000
1,440
85,624
4,321
11 Trustees
None of the Trustees (or any persons connected with them) received any remuneration dufing the year.
12 Audltor's remuneratlon
The analysis of auditor's remuneration is as follows..
2024
2023
Audit of the annual accounts
6.300
6,000
Non-audit seriices
All other non-audit seDiices
1,200
1,440
-20-

CROFT CARE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Employees
Number of employees
The averag8 monthly number of employees during th8 year was..
2024
Number
2023
Number
Residential care
Management and administration
Charity shop
83
71
86
74
Ernployment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
1,931,397
141,804
65,208
1,706,581
132,530
59,089
2,138,409
1,898,200
Agency staff costs
121,852
The full time equivalent stsff number is 69 (2023 - 68).
The number of employees whose annual remuneration was £60,000 or more
were..
2024
Nurnber
2023
Number
£60,000 lo £69,999
Contributions totalling £15.303 (2023.. £10,640) were made to defined contribution penslon schemes on
behalf of employees whose emoluments exceed £60,000.
14 Other
2024
2023
Net loss on disposal of tangible fixed assets
969
4,321
969
4,321
21

CROFT CARE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Net gainsl(losses) on Investments
Unrestricted
funds
Total
2024
2023
Revaluation of investments
Gainllloss) on sale of investments
Revaluation of investment properties
135,646
1,125
(107,754)
(248,630)
153,541
29,017
(95,089)
16 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
17 Tanglble flxed assets
Land and
bulldings
Flxturo$, Motor vehlcles
littings &
equipment
Total
Cost
At 1 April 2023
Ad¢Jitions
Disposals
Transfer lo investment property
2,788,309
105,189
380,513
18,734
(21,218)
48,408
3,217,230
123,923
121.218)
{437,121)
(437,121)
At 31 March 2024
2,456.377
378,029
48.408
2,882,814
Depreclation and Impairment
At 1 April 2023
Depreciation charged in the year
Eliminated in respect of disposals
Transfer to investment property
962,824
48,787
313,987
26,359
<20,249)
30,444
3,698
1,307,255
78,844
(20,249)
(29,367)
(29.367)
At 31 March 2024
982,244
320.097
34,142
1,336,483
Carrylng amount
At 31 March 2024
1,474,133
57,932
14,266
1,546,331
At 31 March 2023
1,825.485
66,526
17,964
1.909,975
-22-

CROFT CARE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Inveslment property
2024
Falr value
At 1 April 2023
Transfers from owner-occupied propety at carrying amount
Net gains or losses through fair value adiuslments
407.754
(107.754)
At 31 March 2024
300,000
Investment property is the property al Highlands Ave which now comprises two rental flats. The ground floor
was formerly the charity's sandwich shop with a rental flat upstairs. After closure of the shop Ihls was
converted lo a second rental tlat, completed in May 2023.
The fair value of the investment property has been arrived at on the basis of a valuation provided by Corrie
and Co, Estate Agents, who are not connected with the Charity. The valuation was made on an open market
value basis by reference to market evidence of transaction prices for similar properties.
19 Flxed asset Investments
2024
2023
Investments
2.024,316
1,883.860
Movements in flxed asset investments
Shares
Cost or valuatlon
At 31 March 2023
Additions
Valuation changes
Disposals
1,883,860
166.933
135,646
(162,123)
At 31 March 2024
2,024,316
Carrying amount
At 31 March 2024
2,024,316
At 31 March 2023
1,883,860
-23-

CROFT CARE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Debtors
2024
2023
Amounts falling due withln one year:
Trade debtors
Other debtors
Prepayments and accrued income
3,368
1,336
122,212
9,167
90,689
126,916
99,856
21 Stocks
2024
2023
Stock
6,666
8,725
22 Creditors: amounts falling due wlthln one year
2024
2023
Other taxation and social Security
Payments received on account
Trade creditors
Other creditors
Accruals and deferred income
50,967
31,352
81,624
72,549
43,070
29,662
41,834
19,711
37,377
30,701
259,562
159,285
23 Retirement benefit schemes
2024
2023
Deflned contrlbutlon schemes
Charge to profit or loss in respect of defined contribution schemes
65,208
59,089
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the Charity in an independently administered fund.
-24-

CROFT CARE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
24 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donalions and grants held on trust
subject to specific conditions by donors as to how they may be used.
Balance at
1 April 2022
Resources
Balance at
expended 1 April 2023
Resources
expended
Transfers
BJlanc8 at
31 March 2024
COVID-19 support grants
Morrisons garden grant
Restricted fixed assets
10,222
1,115
8,768
(4,697)
5.525
1,115
7,122
(5,525)
(1,115)
(1,646)
{1,646)
5,476
20,105
{6,343)
13.762
(1,646)
16,640)
5,476
25 Analysls of net assets between funds
Unrastrlcted
funds
2024
Restrlcted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Investment properties
Investments
Current assetsllliabililies)
1,540,855
300.000
2,024,316
154,985
5,476
1,546,331
300.000
2,024,316
154,985
4,020,156
5,476
4,025,632
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 March 2023:
Tangible assets
Investments
Current assetsl{liabilities)
1,902,853
1,883,860
317,518
7.122
1,909,975
1,883,880
324,158
6,640
4,104,231
13,762
4,117,993
-25-

CROFT CARE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
26 Unrestrlcted funds
The income funds of the charity include the following allocations vthich have been set aside out of
unrestricted funds by the trustees for specific purposes..
Movement in funds
Decrease
Transfers
Balance at 1
Aprll 2023
Increase
Gains and Balance at 31
losses
March 2024
General
Security
Propety
Investment property
394,886
1,883,860
1,825,485
2,828.483 (2,948,215)
(53,448)
3,685
(351,351)
407,754
221,706
2.024.316
1,474,134
300,000
136,771
(107,7541
4,104,231
2,828,483 {2,948,215)
6,640
29,017
4.020.156
The charity view the funds held in investments as 'security' funds, these are to ensure that the charity can
continue to operate for the forseeable future. This reserve contains a minimum of one year's operating
cosls.
The net book value of the property and valuation of the investment propety are shown separately as
'property' funds. on the basis that these funds are not readily available to the charity.
The general fund is the balance of'free, reserves.
-26-

CROFT CARE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
27 Operatlng lease commltments
At the reporting end date the Charity had outstanding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows..
2024
2023
Be￿een and five years
7,679
11,519
28 Events after the reportlng dale
The Charity has commenced V￿rk on an extension to the nursing home after the year end. This project will
create 5 bedrooms downstairs which are fit for purpose and allow the conversion of exisling rooms on the first
floor to offices and storage space. The expected cost of the build will be £550.000 and this will be financed
from current reserves.
29 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel was as follows..
2024
2023
Aggregate compensation
221,650
217.818
30 Analysls of changes in net funds
The Charity had no material debt during the year.
-27-

CROFT CARE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
31 Cash generated from operations
2024
2023
Deficit for the year
(92,361)
(108,600)
Adjustments for..
Investment income recognised in slatement of financial activities
Loss on disposal of tangible fixed assets
Gain on disposal of investments
Fair value gains and losses on investment properties
Fair value gains and losses on inveslrnents
Depreciation and impairment of tangible fixed assets
(51,715)
969
(1,125}
107.754
(135.646)
78,844
(33,1 $4)
4,321
(153,541)
248,630
85,624
Movements in working capital-.
Decrease in stocks
(Increase) in debtors
Increasel(decreasel in creditors
59
{27,060)
100,277
368
(19,2101
{11,903)
Cash (absorbed byllgenerated from operatlons
{20,004)
12.535
-28-