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2026-01-31-accounts

REGISTERED COMPANY NUMBER: SC039794 (Scotland) REGISTERED CHARITY NUMBER: SC010316

Report of the Trustees and

Financial Statements for the Year Ended 31st January 2026

for

Bankfoot House (Moffat) Limited

Project Pacioli Audit Co Limited trading as Farries Kirk & McVean Chartered Accountants & Statutory Auditors Dumfries Enterprise Park Heathhall Dumfries DG1 3SJ

Bankfoot House (Moffat) Limited

Contents of the Financial Statements for the Year Ended 31st January 2026

Page
Report of the Trustees 1 to 4
Report of the Independent Auditors 5 to 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 18
Detailed Statement of Financial Activities 19

Bankfoot House (Moffat) Limited

Report of the Trustees for the Year Ended 31st January 2026

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st January 2026. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charitable company's objects are:

The charity does not use volunteer labour to any significant extent, nor do we use agency staff as a principle.

Significant activities

The company owns and operates a care home providing accommodation and care for the elderly. The company does not have any other activities.

Public benefit

The company provides a specialised care facility which is the only one of its type in the immediate area of Moffat and therefore provides essential facilities to elderly members of the community who require full time care.We are also near unique in terms of operating model of standalone, charity based with a volunteer board from within the community.

ACHIEVEMENTS AND PERFORMANCE

The charitable company provides residential care at Bankfoot House in Beechgrove, Moffat and continues to provide care in line with objectives. The Trustees are satisfied that occupancy of the house was as maximised as it was feasible to be during the year and care provision was very good. This is reflected by recent inspections where positive gradings from regulators were achieved and signifies the company continues to meet high standards.

Investment performance was satisfactory this year in line with the stock markets.

Due to the simple set up of the charity the trustees do not use any particular key performance indicators other than residential income and surpluses as set out in the Statement of Financial Activities. Obviously a surplus is required to re-invest and cover off capital spend and other costs.

We do use RAG reports for mandatory training and the actions points from the care inspector as necessary , we also carry out a annual QA exercise, involving the residents, residents families and visiting professionals , we have also instigating "meet the families " meetings, on site and on line.

National Care Standards have been established by the Scottish Government and Bankfoot's performance in achieving these standards is externally inspected by the Care Inspectorate. Trustees have ensured that audit processes are in place to ensure Bankfoot's compliance with these standards and regular reports are made to Trustees. In addition, Trustees receive financial monitoring reports at each monthly Board meeting, thus ensuring an appropriate level of financial monitoring & scrutiny.

FINANCIAL REVIEW

Principal funding sources

The charity is funded largely by its receipts from charitable activities as supplemented by investment income, legacies and a little donation income. It typically receives no grant funding.

Regular income comes from both private and public sources. The current financial situation is causing concern in terms of the ability to cover projected costs. Funds from local Government are fixed on an annual basis, with no input from ourselves as to the actual costs.

Investment policy and objectives

Under the memorandum and articles of association, the trustees are not limited on the particular types of non-cash investment that may be made. The trustees have considered the most appropriate policy for investing funds and to date have invested significant sums in stocks and shares.

Page 1

Bankfoot House (Moffat) Limited

Report of the Trustees for the Year Ended 31st January 2026

FINANCIAL REVIEW

Reserves policy

The trustees aim to have reserves equal to at least 3-6 months operating expenses.

There are currently unrestricted funds of £1,401,453 available at the year end. Of the total funds the company has accessible funds of £562,632 by way of funds held on deposit and investments.

The next set of accounts shall show a level of restricted funds for things like capital projects and the ongoing need for renewals. There is now a programme to refurbish all bathrooms and en-suites to a more modern and serviceable standard to suit the residents' changing needs, this shall take over 12 months to complete , the first 12 month phase is near complete (we are looking at any grant funding being available) and shall be implemented funding being available dependant. We are also investigating double glazing on all off the windows, there is also a space on the second floor , very restricted access we are looking at options for a more usable space. We also have a requirement to hold resilience funds should something bad happened in the range of 3 to 6 months of costs , to that end we have some £250k in investments and a further £100k in a interest bearing account.

The present level of funding is adequate to support the continuation of the charitable activities to the same levels for nearly two years, and the trustees consider the financial position of the charity to be satisfactory. The previously mentioned major roof repair has no been completed, there is another section of roof requiring eventual attention, but is satisfactory in the short term, The previously installed solar panels are now contributing some £3k per annum of benefit.

Principal risks and uncertainties

As the company operates a residential care home, there are clearly inherent risks whereby occupancy rates may decrease therefore having a detrimental effect on income. However, a small reduction in room occupancy has little or no impact on staff costs but has a significant impact on the bottom line. That said, given that there is currently a waiting list to become a resident of Bankfoot, the trustees are satisfied the company faces no immediate risks or uncertainties, the monies from the council for the funded residents continues to be less than the base cost (this is a national issue across all care homes) hence the reason to balance private and funded residents and there have been in other authorities issue with the base funding being available , we also now have a contract in place for two NHS/Social care room allocated and funded at the nursing home rate, being used for respite care on a 12month contract.. occupancy to commence when the rooms become available, this would be an uplift of some £10K over the period fees being applied whether rooms occupied or not.

The financial performance of the company is inevitably linked to the ability to fill all available rooms, even following the expansion of the house, and the revenue mix of private versus funded, continues to be monitored.

The recent government rises in the minimum wage and more importantly the recent rise in national insurance shall be a real challenge.

FUTURE PLANS

The financial outlook for the next year is most certainly a risk of uncertain impact, even if just using base inflation. Other costs could be significantly more. Our income is in the main fixed by local Government and we have no input on this, but suspect any increases to be less than our costs. We do have reserves so remain viable, but we need to continually re-invest in the enterprise. We need to benchmark our charges against other providers. Obviously, our aim is to be sustainable in the short, medium and long term, having just celebrated our 60th anniversary . The intent is to be here for another 60 years.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The company was incorporated in Scotland on 15th January 1964, Company No SC39794 and is a Registered Charity No SC010316.

The members of the company are the trustees named below. In the event of the company being wound up the liability in respect of the guarantee is limited to £1 per member.

Recruitment and appointment of new trustees

The governing document states that the number of trustees shall not be less than three, nor more than ten.

Organisational structure

The charity is organised so that the trustees meet regularly to manage its affairs and address key issues. The trustees (Directors) meet on a monthly basis with the managers in attendance, plus each director has a discrete area of responsibility which invariably means frequent contact with the business, so very much "hands on".

Page 2

Bankfoot House (Moffat) Limited

Report of the Trustees for the Year Ended 31st January 2026

STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees

New trustees undergo an orientation day during which they are briefed on their legal responsibilities and obligations under charity and company law, the decision making process and the financial situation of the charity. They also meet key staff and other trustees.

Key management remuneration

The trustees base remuneration on similar roles within the region. The trustees themselves receive no remuneration of any kind as per the articles of association.

Wider network

We are a member of Scottish Care, and are looking to foster better relationships with similar businesses.

Related parties

Details can be found on page 18 of the financial statements.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees believe that the present level of reserves is sufficient in the event of adverse conditions. We operate a risks and issues register that the Board review on a regular basis.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

SC039794 (Scotland)

Registered Charity number

SC010316

Registered office

Bankfoot House Beechgrove Moffat DUMFRIESSHIRE DG10 9RS

Trustees

J Tildesley D M Booth M Cochrane L O'Neill L M Cringean (resigned 16.4.26) A Palmer (appointed 12.3.25)

Auditors

Project Pacioli Audit Co Limited trading as Farries Kirk & McVean Chartered Accountants & Statutory Auditors Dumfries Enterprise Park Heathhall Dumfries DG1 3SJ

Bankers

Bank of Scotland plc 8 High Street Moffat Dumfries & Galloway DG10 9EX

Page 3

Bankfoot House (Moffat) Limited

Report of the Trustees for the Year Ended 31st January 2026

REFERENCE AND ADMINISTRATIVE DETAILS Solicitors

A M Simpson & Son 14 Well Street Moffat Dumfries & Galloway DG10 9DP

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Bankfoot House (Moffat) Limited for the purposes of company law) are responsible for preparing the Report of the Trustees 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 to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Project Pacioli Audit Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 25th June 2026 and signed on its behalf by:

D M Booth - Trustee

Page 4

Report of the Independent Auditors to the Trustees and Members of Bankfoot House (Moffat) Limited

Opinion

We have audited the financial statements of Bankfoot House (Moffat) Limited (the 'charitable company') for the year ended 31st January 2026 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve 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 trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:

Page 5

Report of the Independent Auditors to the Trustees and Members of Bankfoot House (Moffat) Limited

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements 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 charitable company'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 realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have reached these conclusions following enquiries made of those charged with governance and senior staff and following audit testing procedures and review of financial statements.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 6

Report of the Independent Auditors to the Trustees and Members of Bankfoot House (Moffat) Limited

Use of our report

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, and to the charitable company's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and the trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Gerald McGill, BA CA (Senior Statutory Auditor) for and on behalf of Project Pacioli Audit Co Limited trading as Farries Kirk & McVean Chartered Accountants & Statutory Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Dumfries Enterprise Park Heathhall Dumfries DG1 3SJ

25th June 2026

Page 7

Bankfoot House (Moffat) Limited

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31st January 2026

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Residential care
Investment income
3
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Residential care
Total
Net gains on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
10,459
1,299,291
6,740
1,316,490
2,118
1,174,591
1,176,709
23,289
163,070
1,238,383
1,401,453		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-		 2026
Total
funds
£
10,459
1,299,291
6,740
1,316,490
2,118
1,174,591
1,176,709
23,289
163,070
1,238,383
1,401,453		 2025
Total
funds
£
19,075
1,132,824
6,305
1,158,204
1,911
1,103,217
1,105,128
19,745
72,821
1,165,562
1,238,383

The notes form part of these financial statements

Page 8

Bankfoot House (Moffat) Limited

Balance Sheet

31st January 2026

Notes
FIXED ASSETS
Tangible assets
12
Investments
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
17
Unrestricted funds
TOTAL FUNDS		 Unrestricted
funds
£
889,419
302,416
1,191,835
22,301
289,773
312,074
(102,456)
209,618
1,401,453
1,401,453		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-		 2026
Total
funds
£
889,419
302,416
1,191,835
22,301
289,773
312,074
(102,456)
209,618
1,401,453
1,401,453
1,401,453
1,401,453		 2025
Total
funds
£
725,759
267,690
993,449
-
314,816
314,816
(69,882)
244,934
1,238,383
1,238,383
1,238,383
1,238,383

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the Board of Trustees and authorised for issue on 25th June 2026 and were signed on its behalf by:

D M Booth - Trustee

M Cochrane - Trustee

The notes form part of these financial statements

Page 9

Bankfoot House (Moffat) Limited

Cash Flow Statement
for the Year Ended 31st January 2026
2026
Notes
£
Cash flows from operating activities
Cash generated from operations
1
126,874
Net cash provided by operating activities
126,874
Cash flows from investing activities
Purchase of tangible fixed assets
(176,777)
Purchase of fixed asset investments
(42,247)
Sale of fixed asset investments
30,810
Dividends received
6,740
Net cash used in investing activities
(181,474)
Change in cash and cash equivalents in the
reporting period
(54,600)
Cash and cash equivalents at the beginning of
the reporting period
2
314,816
Cash and cash equivalents at the end of the
reporting period
2
260,216		 2025
£
92,270
92,270
(7,368)
(13,327)
10,860
6,305
(3,530)
88,740
226,076
314,816

The notes form part of these financial statements

Page 10

Bankfoot House (Moffat) Limited

Notes to the Cash Flow Statement for the Year Ended 31st January 2026

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Gain on investments
Dividends received
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operations
2.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one year
Total cash and cash equivalents		 2026
£
163,070
13,117
(23,289)
(6,740)
(22,301)
3,017
126,874
2026
£
(917)
290,690
(29,557)
260,216		 2025
£
72,821
11,431
(19,745)
(6,305)
47,115
(13,047)
92,270
2025
£
2,200
312,616
-
314,816

3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.2.25 Cash flow At 31.1.26
£ £ £
Net cash
Cash at bank and in hand 314,816 (25,043) 289,773
Bank overdraft - (29,557) (29,557)
314,816 (54,600) 260,216
Total 314,816 (54,600) 260,216

The notes form part of these financial statements

Page 11

Bankfoot House (Moffat) Limited

Notes to the Financial Statements for the Year Ended 31st January 2026

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Going concern

The financial statements are prepared on a going concern basis. In making their assessment, the Trustees have reviewed the overall financial position of the charitable company. The charitable company has a strong balance sheet and the trustees consider that it will continue to operate for a period of at least 12 months from the date of signing of these financial statements.

Critical accounting judgements and key sources of estimation uncertainty

The carrying value of the property at Bankfoot House itself is an estimation uncertainty but the Trustees believe it very unlikely that the property is worth less than its carrying value in the balance sheet. An external review was carried out during the year and a resulting impairment adjustment provided in these financial statements.

Income

Accommodation charges are paid monthly in advance from date of residency onwards. These are recognised in the Statement of Financial Activities based on the correct period dates with any prepayment accounted for correctly.

Donations, investment income and grant income are recognised when the charity becomes entitled to receipt without requirement to fulfil any further conditions, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Support Costs

Support costs encompass all administrative charges, affiliation fees and governance costs..

Allocation and apportionment of costs

All costs are deemed either direct caring expenses or management support costs and allocated accordingly.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write the cost back to the estimated net realisable value at the year end. Freehold property - not provided Improvements to property - not provided Plant & machinery - 15% on reducing balance Fixtures & fittings - 15% on reducing balance

No depreciation is charged on buildings and improvements to property. This is because the trustees consider the residual value of such property is at least as much as the carrying value of the property and therefore no depreciation is required in the current year.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. From time to time the Trustees may introduce Designated Funds from within Unrestricted funding to earmark funds towards a particular purpose but such funds may still be used at the discretion of the trustees.

continued...

Page 12

Bankfoot House (Moffat) Limited

Notes to the Financial Statements - continued for the Year Ended 31st January 2026

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Investments

Investments are included in the balance sheet at market value. Unrealised gains or losses on revaluation are taken to the Statement of Financial Activities in each appropriate year. Gains or losses on disposal during the year period are separately identified within the Statement of Financial Activities.

Financial Instruments

Cash and bank

Cash and bank comprises cash on hand and funds held on deposit.

Trade debtors

Trade debtors are amounts due from customers for the provision of services sold in the ordinary course of operations.

Trade debtors are recognised initially at the transaction price and represent the full value of the services charged to customers, including any amounts charged on for third parties.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
2026 2025
£ £
Donations 10,459 19,075

continued...

Page 13

Bankfoot House (Moffat) Limited

Notes to the Financial Statements - continued

for the Year Ended 31st January 2026

3. INVESTMENT INCOME

Dividend income
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Accommodation & day care
Residential care
5.
RAISING FUNDS
Investment management costs
Investment advice
6.
CHARITABLE ACTIVITIES COSTS
Residential care
7.
SUPPORT COSTS
Residential care
8.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration
Depreciation - owned assets
Hire of plant and machinery		 Direct
Costs
£
1,163,277
Management
£
7,114		 2026
£
6,740
2026
£
1,299,291
2026
£
2,118
Support
costs (see
note 7)
£
11,314
Governance
costs
£
4,200
2026
£
4,200
13,117
6,126		 2025
£
6,305
2025
£
1,132,824		 2025
£
6,305
2025
£
1,132,824
2025
£
1,911
Totals
£
1,174,591
Totals
£
11,314
2025
£
4,200
11,431
6,398

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st January 2026 nor for the year ended 31st January 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st January 2026 nor for the year ended 31st January 2025.

continued...

Page 14

Bankfoot House (Moffat) Limited

Notes to the Financial Statements - continued for the Year Ended 31st January 2026

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Manager
Care Staff		 2026
£
856,252
72,940
18,920
948,112
2026
1
44
45		 2025
£
781,878
48,542
17,418
847,838
2025
1
43
44

No employees received emoluments in excess of £60,000.

Key management personnel remuneration in the year under review was £51,668 (2025 - £45,906).

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Residential care
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Residential care
Total
Net gains on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
19,075
1,132,824
6,305
1,158,204
1,911
1,103,217
1,105,128
19,745
72,821
1,165,562
1,238,383		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-		 Total
funds
£
19,075
1,132,824
6,305
1,158,204
1,911
1,103,217
1,105,128
19,745
72,821
1,165,562
1,238,383

Page 15

continued...

Bankfoot House (Moffat) Limited

Notes to the Financial Statements - continued for the Year Ended 31st January 2026

12. TANGIBLE FIXED ASSETS

Improvements
Freehold
to
property
property
£
£
COST
At 1st February 2025
354,695
708,288
Additions
-
135,330
At 31st January 2026
354,695
843,618
DEPRECIATION
At 1st February 2025
-
408,789
Charge for year
-
-
At 31st January 2026
-
408,789
NET BOOK VALUE
At 31st January 2026
354,695
434,829
At 31st January 2025
354,695
299,499
13.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1st February 2025
Additions
Disposals
Revaluations
At 31st January 2026
NET BOOK VALUE
At 31st January 2026
At 31st January 2025
There were no investment assets outside the UK.
Cost or valuation at 31st January 2026 is represented by:
Valuation in 2026		 Plant and
machinery
£
178,282
-
178,282
131,362
7,035
138,397
39,885
46,920		 Fixtures
and
fittings
Totals
£
£
74,311
1,315,576
41,447
176,777
115,758
1,492,353
49,666
589,817
6,082
13,117
55,748
602,934
60,010
889,419
24,645
725,759
Listed
investments
£
267,690
42,247
(29,538)
22,017
302,416
302,416
267,690
Listed
investments
£
302,416

Page 16

continued...

Bankfoot House (Moffat) Limited

Notes to the Financial Statements - continued for the Year Ended 31st January 2026

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 16)
Trade creditors
Social security and other taxes
Accrued expenses
Prepaid income
16.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
17.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Rogerson Bequest Fund
Capital Fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
1,316,490
TOTAL FUNDS
1,316,490		 At 1.2.25
£
1,031,108
7,275
200,000
1,238,383
1,238,383
Resources
expended
£
(1,176,709 )
(1,176,709 )		 2026
£
22,301
2026
£
29,557
19,966
21,039
12,845
19,049
102,456
2026
£
29,557
Net
movement
in funds
£
163,070
-
-
163,070
163,070
Gains and
losses
£
23,289
23,289		 2025
£
-
2025
£
-
12,897
14,867
14,241
27,877
69,882
2025
£
-
At
31.1.26
£
1,194,178
7,275
200,000		 2025
£
-
2025
£
-
12,897
14,867
14,241
27,877
69,882
2025
£
-
1,401,453
1,401,453
Movement
in funds
£
163,070
163,070

continued...

Page 17

Bankfoot House (Moffat) Limited

Notes to the Financial Statements - continued for the Year Ended 31st January 2026

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Rogerson Bequest Fund
Capital Fund
TOTAL FUNDS		 At 1.2.24
£
1,158,287
7,275
-
1,165,562
1,165,562		 Net
movement
in funds
£
72,821
-
-
72,821
72,821		 Transfers
between
funds
£
(200,000)
-
200,000
-
-		 At
31.1.25
£
1,031,108
7,275
200,000
1,238,383
1,238,383

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
1,158,204
1,158,204		 Resources
expended
£
(1,105,128 )
(1,105,128 )		 Gains and
losses
£
19,745
19,745		 Movement
in funds
£
72,821
72,821

The unrestricted General funds represent the free funds of the charity which are not designated for particular purposes.

Designated Rogerson Bequest Funds

These were passed over by a winding up charity in 2019. Although there are no restrictions on the use of these funds the Trustees decided to use them for the entertainment of residents.

Designated Capital Fund

This is a fund for future capital projects.

18. RELATED PARTY DISCLOSURES

No related party transactions in the year to 31 January 2026.

Page 18

Bankfoot House (Moffat) Limited

Detailed Statement of Financial Activities for the Year Ended 31st January 2026

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Dividend income
Charitable activities
Accommodation & day care
Total incoming resources
EXPENDITURE
Investment management costs
Investment advice
Charitable activities
Wages
Social security
Pensions
Hire of plant and machinery
Insurance & water rates
Light and heat
Telephone
Post, stationery & advertising
Sundries
Food
Laundry & cleaning
Repairs & renewals
Garden expenses
Alarm & lighting rentals
Training costs
Plant & machinery depreciation
Fixture & fittings depreciation
Support costs
Management
Administration fees
Affiliation fees
Governance costs
Auditors' remuneration
Total resources expended
Net income before gains and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments
Net income		 2026
£
10,459
6,740
1,299,291
1,316,490
2,118
856,252
72,940
18,920
6,126
14,585
32,567
1,975
2,123
24,729
52,961
25,656
25,745
3,225
8,861
3,495
7,035
6,082
1,163,277
2,776
4,338
7,114
4,200
1,176,709
139,781
1,272
141,053		 2025
£
19,075
6,305
1,132,824
1,158,204
1,911
781,878
48,542
17,418
6,398
14,306
39,640
1,824
3,862
26,383
53,443
23,071
46,038
3,873
9,045
4,852
8,284
3,147
1,092,004
2,689
4,324
7,013
4,200
1,105,128
53,076
598
53,674

This page does not form part of the statutory financial statements

Page 19