FAITH HOUSE EVENTIDE HOME
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and legacies
Charitable activities
Investments
6,988
2,919,550
3,001
556,061
563,049
2.919,550
3,001
25,623
2,670,667
408
137,888
163,511
2,670,667
408
Total income
2,929,539
556,061
3,485,600
2,696,698
137,888 2,834,586
Expenditure on..
Raising funds
Charitable activities
293,656
2,588,661
293,656
2,588.661
280,088
2,586,403
280,088
2,586,403
Total expendlture
2,882,317
2,882,317
2,866,491
2,866,491
Net Incomel{expenditure) and
movement in funds
47,222
556,061
603,283
1169,793)
137,888
131,9051
Reconciliation of funds:
Fund balances at 1 January
2024
172,9781 3,243,394 3,170,416
96,815 3,105,506 3,202,321
Fund balances at 31
December 2024
125,7561 3,799,455 3,773,699
{72,9781 3,243,394 3,170,416
The slalement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing aclivilies.

FAITH HOUSE EVENTIDE HOME
BALANCE SHEET
AS AT31 DECEMBER 2024
2024
2023
Notes
Fixed assets
Tangible assets
13
3,413,027
3,376,712
Current assets
Stocks
Debtors
Cash at bank and in hand
14
15
11,870
150,019
555,590
7,880
176,691
8,552
717,479
193,123
Creditors: amounts falling due within
one year
17
1290,032)
1297,593)
Net current assetsl(liabilities)
427,447
(104,470)
Total assets less current liabilities
3,840,474
3,272,242
Creditors: amounts falllng due after
more than one year
18
(66,7751
{101,826)
Net assets
3,773,699
3,170,416
The funds of the charity
Reslricled income funds
Unrestricted funds
19
20
3,799,455
{25,756)
3.243,394
(72,9781
3,773,699
3.170,416
The financial statements were approved by the Trustees, on
MrFJNBrown
Trustee

FAITH HOUSE EVENTIDE HOME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charity information
1.1 Accountlng convention
The financial stalemenls have been prepared in accordance wilh the charity's governing document, the
Charities Act (Northern Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and
Republic of Ireland" and the Charitles SORP "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefit
Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial slalemenls are rounded to the nearest £.
The financial statements have been prepared under the historical cost convenlion, [modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments al fair
valuel. The principal accounting policies adopted are sel out below.
1.2 Going concern
At the lime of approving the financial statements, the Trustees, have a reasonable expectation that the charity
has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees,
continue to adopt the going concern basis of accounting in preparin9 the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use al 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 restricted funds are set out in the notes lo the financial statements.
Endowment funds are subject lo specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it 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 deferr81 of the amount. Income lax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are reco9nised on receipt or olheNise if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, Ihe legacy is treated as a
contingent asset.

FAITH HOUSE EVENTIDE HOME
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng poll¢les
{Continued}
1.5 Expenditure
Expendilure is recognised once there is a legal or conslruclive obligation to transfer economic benefit lo a
third party, it is probable that a transfer of economic benefits will be required in selllement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of Ihe total of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single
activity are allocated directly to that activity. Shared costs which contribut8 lo more than one activity and
support costs which are not altribu18ble lo a single activity 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.
1.6 Tangible fixed 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 lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehold land and buildings
Plant and equipment
Fixtures and fittings
20/. Straight Line
20 % Slraighl Line
20°/o Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in Ihe statement of financial activities.
1.7 Impalrment of flxed assets
Al each reporting end dale, the charity reviews the carrying amounts of ils tangible assets to determine
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 estimated in order to determine the exlenl of the impairment
loss lif any).
1.8 Stocks
Stocks are slated at the lower of cost and eslimated selling price less costs lo complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured Ihe lower of replacement cost and cost.
Net realisable value is the estimated selling price less all eslimaled costs of completion and costs lo be
incurred in marketing, selling and dislribulion.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments wilh original maturities of three months or less, and bank overdrafts. Bank overdrafls are shown
within borrowings in current liabilities.
10-

FAITH HOUSE EVENTIDE HOME
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policies
{Continuedl
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instrumenls are recognised in the charity's balance sheet when the charily becomes party lo the
contractual 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 lo sel off the recognised amounts and there is an intention lo sellle on a net
basis or lo realise the asset and settle the liability simultaneously.
Basi¢ financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the arrangement conslitules a financing transaction, where the transaction is
measured al the present value of the future receipts discount8d at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial Ilabllltles
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement conslitules a financing transaclion, where the debt instrument is measured al the present
value of the future payments discounted at a markel rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried al amortised cosl, using ihe 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 paymenl is due within one
year or less. If not, they are presented as non-current liabililies. Trade creditors are recognised initially at
transaction price and subsequently measured al amortised cost using the effective interest method.
Derecognition of flnancial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.11 Employee benefits
The cost of any unused holiday entillemenl is recognised in the period in which the employee's seNices are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
lo terminate the employment of an employee or to provide lerminalion benefits.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the Trustees, are required lo make judgemenls,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associaled 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 lo accounling
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 revision affects both current and future
periods.
11

FAITH HOUSE EVENTIDE HOME
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Legacies
Grants
1,350
15,747
538,964
1.350
15,747
545,952
1,200
88,516
48,172
1,200
88,516
73,795
6,988
25,623
6,988
556.061
563,049
25.623
137,888
163,511
Income from charltable actlvltles
Unrestricted
funds
2024
Unrestrlcted
funds
2023
Operating Income
Sale of goods
Services provided under contract
1,190,211
1,729,339
1,061,863
1,608,804
2,919,550
2,670,667
Income from Investments
Unrestricted Unrestricted
funds
funds
2024
2023
Interest receivable
3,001
408
Expenditure on raising funds
Unrestricted Unrestricted
funds
funds
2024
2023
Fundralslng and publicity
Meals & provisions
Nursing supplies
Household expenses
Welfare
161,252
77,355
43,802
11,247
144,968
80,347
44,626
10,147
293,656
280,088
12

FAITH HOUSE EVENTIDE HOME
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on charitable activities
Support
Costs
2024
Support
Costs
2023
Direct costs
Share of support and governance costs {see note 8)
Support
Governance
2,542,923
45,738
2,541,507
44,896
2,588,661
2,586,403
Analysis by fund
Unrestricted funds
2,588,661
2,586,403
Support cosls allocated to activities
Support Costs
2024
Total
2023
Depreciation
Wages and salaries
Pensions
Staff development
Rates and water
Repairs and maintenance
Insurance
Light and heat
Bank interest
Governance
36,825
2,142,557
39,165
19,Q08
14,786
83,500
28,865
168,305
9,912
45.738
54,023
2,143,141
37,817
20,716
14,051
63,130
23,853
172,930
11,846
44,896
2.588,661
2,586,403
Net movement in funds
2024
2023
The nel movement in funds is slated after chargingl{credilingl'.
Fees payable for the audit of the charity's financial slalements
Depreciation of owned tangible fixed assels
6,174
36,825
5,880
54,023
10 Trustees.
None of the Trustees, (or any persons connected with them) received any remuneration or benefits from the
charity during the year.
13

FAITH HOUSE EVENTIDE HOME
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Nursing staff
Residenlial staff
Other Staff
55
26
51
59
22
54
Total
132
135
There were no employees whose annual remuneration was more than £60.000.
12 Taxation
The charity is exempt from taxation on its activities because 811 its income is applied for charitable purposes.
13 Tanglble flxed assets
Fr8ehold land
and buildings
Plant and Flxtures and
èquSpment
fittings
Total
Cost
At 1 January 2024
Additions
3,296,327
58,774
191,959
1,458
740,209 4,228,495
12,907
73,139
At 31 December 2024
3,355,101
193,417
753,116 4,301,634
Depreciation and impairment
Al 1 January 2024
Depreciation charged in the y8ar
181,129
4,894
670,653
31,931
851,782
36,825
Al 31 December 2024
186,023
702,584
888,607
Carrying amount
At 31 December 2024
3,355,101
7,394
50,532 3,413,027
At 31 December 2023
3,296,327
10,829
69,556 3,376,712
14 Stocks
2024
2023
Finished goods and goods for resale
11,870
7,880
14-

FAITH HOUSE EVENTIDE HOME
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
15 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
73,844
69,140
7,035
101,034
66,092
9,565
150,019
176,691
16 Loans and overdrafts
2024
2023
Bank overdrafts
Bank loans
40,581
134,698
101,827
101,827
175,279
Payable within one year
Payable after one year
35,052
66,775
73,453
101,826
17 Credltors.. amounts falling due within one year
2024
2023
Notes
Bank loans and overdrafts
Trade Creditors
Other creditors
Accruals and deferred income
16
35,052
40,215
19,294
195,471
73,453
65,828
17,734
140,578
290,032
297,593
18 Creditors: amounts falling due after more than one year
2024
2023
Notes
Bank loans
16
66,775
101,826
15-

FAITH HOUSE EVENTIDE HOME
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
19 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subje¢l lo specific conditions by donors as lo how they may be used.
At 1 January
2024
Incoming
resources
At31
December
2024
3,243,394
556,061
3,799,455
Prevlous year:
At 1 January
2023
Incoming
resources
At31
December
2023
3,105,506
137,888
3,243,394
20 Unrestrlcted funds
The unrestricted funds of the charity comprise the unexpended balan￿S of donations and grants which are
not subject lo specific conditions by donors and grantors as lo how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the Iruslees for specific purposes.
At 1 January
2024
Incoming
resources
Resources
expended
At31
December
2024
General funds
172,9781
2,929,539
12,882.3171
{25,756)
Previous year:
At 1 January
2023
Incoming
resources
Resources
expended
At31
December
2023
General funds
96,815
2,696,698
(2,866,491)
(72,978)
21 Related party transactions
During the financial year there were related paty transactions between Faith House Eventide Home and
Bethshean Lodge Limited.
The balance owed at the end of the financial year was £69,140 (2023 - £66,092).
16-

FAITH HOUSE EVENTIDE HOME
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
22 Cash generated froml{absorbed by) operations
2024
2023
Surpluslldeficill for the year
603,283
(31,9051
Adjustments for,.
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
(3,001)
36,825
{408)
54,023
Movements In working capital..
{Increasel in stocks
Decreasel{increase) in debtors
Increase in creditors
13,990)
26,672
30,840
{510)
(64,403)
38,366
Cash generated froml{absorbed by) operations
690,629
{4,8371
23 Analysis of changes in net fundsl{debtl
At 1 January
2024
Cash flows At 31 December
2024
Cash al bank and in hand
Bank overdrafts
8,552
140,581)
547,038
40,581
555,590
(32,029)
587,619
555,590
Loans falling due wilhin one year
Loans falling due after more than one year
132,8721
{101,8261
(2,180)
35,051
(35,052)
(66,775)
1166,727)
620,490
453,763
17-