Chwlty Reg15tralion No. SC045944 (Scotland) Company R•ylstrallon No. SC512066 IS¢otland) ST FRANCIS CARE HOME ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
ST FRANCIS CARE HOME LEGAL AND ADMINISTRATIVE INFORMATION Tru8t•es Sister Vaknie Anne Tayhx Sister Elynie R(Kly Si8tor Patitkq Jordan Sistèr Dor(thy ack Isparran M(£omNd( Charlty numbor Con4)any numb SC512066 Prlnclpal addr•85 $4 moar SbEel G51 2QE Reglsterèd 0ffl¢o 19 Waterloo Street G2 6AH Audttor Accountants Plus {Hamiltonl Ltd Ser4)rKI Flx>r, AIrtYès Hse 270 rbth Road Motherwell ML1 3AT Bankers ROW Bar ofscolland 2139 POIS Road West Glasgow G52 &JW Key ManaBemont Personnel Sister sette PTde- H(rn Manager Sdimma Joseth. Assistant Manag Board of Management Frank Waknr Ichatrl DrAnOa Gwnpb Brian Padaruth
ST FRANCIS CARE HOME CONTENTS Page Trustees, repc IndépgrKl$nt audttots r8Wrt Staternenl offinar1 ac*vibes 10 Balance sheet 11 statement of cash Ilows 12 Notés tr) thè llnanrJ81 Statements 13-22
ST FRANCIS CARE HOME TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JULY 2025 The Trustees, who aro akn dlrect(trs of thè charity for the purF(6es of ihe CpanieS Act 2006, present th8ir annual rert and )Inandal 8tatom8nts fortho ygar 31 July 2025. The fin8nd81 stat8m8nts hava bean prepar•J in rdance wtth Ihe xx)unUrvJ p&S s8t out in note 1 to the financlal Slatents and MpIY arbdes ofass(Miation 4T Its tx>nwanng guidance notes, the Charities and Trustee Investrnenl Iscouandl Act 2005. the ChaTtiies Artounts IS¢x>tLqndl Regulations 2008 las ameNJed) and .AtxoUnd and RerK>rtlThJ by Charftlès.. Slatemenl of Recommended practi applkable to ChareS preparlng their a¢counts In 8¢u)Alan( thè ttnd81 ReportirHJ Standard appliczbb8 in the UK Republlc of Ireland {FRS 102). leffec4No 1 January 20191. ObJ9Ctlv•s and actfvltlos The chariV$ 0seAS èr8 to cwrat6 as B Care Home in Govan. Glaw undgr fv patronage of the FrancA5can slers Minor8ssès the provislon of care for Ihose in need by reaw of wje. ill he81111 or dabIlity. The home has a capacity 8140 roDm8, all prvvidirwJ en-sutte facHities. Slnce r¥Jening. the Home has Lwn a 8wrce of greal e(xnfixt to thousands of patients and thèw famllles. The Care Home is embedded in the fmest 1rdditn8 of Catho¢ Fèlth and slnce Its foundatKJn il h88 bBen, and rempins, Opgn lo all h need of cwe regesS of race. ggrKler, rglgkm). dlawis ertsuring that rKI d[Vidual is ev¢r exdudtrd. Thg Homo contSnu&s to do eveh1ng possibte to ensure th8 b881 re8(xJnw arg availabb for th the PTes8nt and the future lo support thè ety)IlnulNJ care of pali8nts and theirfanulvas. Futum Plans Th8 trustees intgnd to ¢cw)Unuè Investing in its staff and Ihe FknYEi(¥l8nrrAYht to ptde the best possible environfflent and exrtee for rèsidents. Publk benefil Th8 TNstees have paKI due regwd to guidanc¥ issugd by OSCR in decvjiro what athib8s the tharity slN)uld und&rtoke. Achlevements and wformance &gnlllcant8ctiwties and adJvernts againstobieGv8S Th6 Trustees a eaSed wth the continuéd progrèss tharity. Th8 charity operafknr arg r9gulat&J by the Caro 5nspectorate. Trade was Irangformd on 1 August 2018 from St Francis NUrj Home. St FrarKiS Nurslng Home retains the property whlch is cuuyed ty St FTan(i8 Care H¢xno fr00 Lrf th8rg9- Flnanclal revléw During the financlal year 1he ch<y was sofvent at ajl times". that Is, wlih 8dequate rèserves and assets lo meet all liabilities of whl¢h the Trustees were avrare. Th5s pwlh)n reflth prudont financial plannlng and active cost management, whith anablèd th& charity to absorb IncTr8sed cwating c08ts. including hlgher staff costs. while reportlng an imwov&l suryAus for the year. Wo reftn ecvnmittd to continuous improvement lo ensura the Care Homa conUnu95 to excel. The Trustees ac(x)r(lirvJty the prOjectS for 2025r26 remain falr allowlng the organisBthon to deVer activities In line with it8 aims and (iyedives arKI (x)ntinue tr) meet its liabilitios as Ih8y fall due. The home has impl8mented a TKW a(xx)untiny syslem to dlow better and more timely row)rtlng of ffinandal Pgrformonc8. Thls be measured agawist bLKlgets boing yw8r8d by the of manageTnent
ST FRANCIS CARE HOME TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORD {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Going concem The Twslees have r9wewed the ¢arity's c8sh fiow forSt for the next 12 Mth5 and, based M cost savlngs and pl8nning to increase future fees, IW befjeve the oTganBatK)n ¢xn meet thelr IlabllJes as they fall due slnce th& year 01. The Trustees are therefore confident ltrt the Care is a wlng ce8M. ResewsWI¢y Th8 Trustees have agreed reserves 11 be Intned as cash until a le¥el of unrestrfeted reserves is equivalent to &6 wllonths of runnlThJ costs. The ofgenerd reserves as at 31 July %)25 w88 ,58. Fundlng The Home's Income L8 largety derived from fees dwg&J to resKJ8nts aulhorflos. Maiorii8k$ The Trustees are In process of assessirKJ the major rfsks to Ihe c8rtty i4 éxw)8, and VAII ensure that system8 are In place to mltigaie exwsure to the major iisks. StructUTe. governance and mènttgement The charity is a c(xnpany rknitod by guarantee. The ojmpany was on 31 thjly 2015. It torA( ovgr th Iradlw acliwties of Sl Fran¢is NUn Hon on 1 August 2018. hs goveming dOcunI is the Mernmndum and Articles ofAss0(ti0n. Gov•rnanc• - The Trustees are responsible for the stratwJic dlreGthn of Organi11[. sethng Ihe annual budgèt, Émploymant rM)licies, heamh and safety etc. The Twstees. vtho aTP a180 thg dirBthrs for the purFKJse (Jl wmpany law. and served during th8 yaar a1 up to the date of signature of the finani?al stat91rts wgre: Slsler Valertè Anna Tor Si81gr Euggnie Roddy Sist8r Patrlcla Jordan Sister Llgètte Prele Slsler Dorothy Black R$GrtJltrnenl and appolnlmenl of trustees None of the Trustees has any beneficial interest in tho Lx%npany. All of Nw truslees are members of the ¢omp8ny and guarant88 to contribute £1 in Ihe event of a winding up. The Truslo8s. who aro 01ctrS of the Ihe wrFhxes of Company are appointèd by the Members of the Company. Direclors are apwinted b85gd on kngir (w8ftfirak)ns. skllls experIen and wsuras 811 nèw 808rd Members and Trustees are informed of lJv3 H(0.5 stsalegy. aCtIeS and obpthives. As part of the governance revlew ffKmal Director Induc1ion will be establshed b) ensu the Rdè of th8 Charfty Trustee and Code of cOrU¢t is in place for Board Dlrectars.
ST FRANCIS CARE HOME TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Organls8tkJnal strvcture Manogèmont - Operational m•nagèm8nt Is d&Wt8d by the Trusteeg lo a Board of ManwJemenL Two of the Twslo05 slt on B(iard. as well as members wth fiar01 aTrJ heaith(we 8xperbse. along wlh the manager of the Homtr. allty Assurancg - The c Home has all relevant irtsurarKe indng LwikliThJ8. (XMttts. employer's liability Directors Indemnity insuran¢e The Care Home L8 contracted with PenITV to prowdo the thadty with professional SUPFKYt and ad(% on en¥Jbwnent and human resour matters. This ha8 thg effgct that providlng thg ¢h8rty ha3 taken thg of PInlS as Èxt8mal professlonal thisors. in the event that any dlspute pro¢e¢ds to an employrnenl trilnal, th8 Care Hrn insurers mggt all o)sis and any payTnent Ih8t mlght b8 award to an aggrieved littrnt The Trusleos arts rnspon8ible kn nKJniloriro Ihe chariws SyStnS for inlemal ffinanual o)ntrols. The system of controls aims to gwe the TrustQgs reasonable assurance Ihoi tsyjes are identified a8 they bris8 and are dealt with appropriately in an effective and time manner. Audltor Stidlng Towr Ltd resigned as audilors arKI wgre 8ppointad as lh8 now auditOT8. The Trusts8s. who ar& also the directors of St Frawis Care Horne f(Y the purFM)se of crxnpany law, are responslblts for preparing thè Trustees. ReFMXt and the finarKial statements in ac(x)rdan(% wth applicab law and United lQngdom Accounthng Stsndards (Unlted KIryd GeneraltyAcceptthJ Aownltsvj Ptad(). Company Law rwuirgs thè TrLt&8S to preparn flnancial statgmants for each finawal year whlch glve a true and falr vlew of the slate of affairs of Ihe eh8rity arKI ot thè Incomiry reswrces and ap0 of r&wrces. Includlng the Incomo and expenditure, oftra tharity f¢x that year. In preparfng these finandal statements. the Tnjsteos are requirBd tr): - setht suitable a¢(XbUnti polKYes and then apY lh conslstenly. - obSee the meihc4ls and wnriplas lrt thè Charluès SORP 2019 (FRS 102): - make judy8m8nts and estimates that aT8 rea8w1e and wuden¢ - state whether applb VK AcUnIng StandaJds he teen folknved. sui¥8d to any material departures dLqdDsed and explaine(l in finanoal 5tatements,' and - prep8r& the finan statements on the gng corKem b8 unlw it In8ppropriate to presume Ihat the charity will continu8 in operation. Thg TnJsleBs are re¥Jon81& for kè8plng adequate acxxxmting [rdS that dBdose with rpa8wable ac(raCY at any tlme the financial positN)n of the chartty 8nd ènabl8 tt)8m to ertsure that the ffnancaal statements Comply wlth th6 Charltles and Trustee Investment IScotlarKII Act 2(KJS. the Chwties Accounts IScoUand} RegulaIk) 2006 {8s amendÈdl and th6 Companies Act 2rJ)6. They are also resw)nslA$ for saf6guardlng the assets of th8 tharfty and hence for tsking reasonab steps for the preventK)n and detection of fraud atxl other IrrJUlaritIeS. In so far as the1wstges are aware:_ - Thore Is no relevant autht informaknn of the ¢*an15 •udlt¢x k unaware and - we havo taken 811 the steps that we ought to have taken as truste in ord&r to make ourselves aware of any audit information and lo estabjlsh that Ihe charivs alitOr is aware of th#1 inf(wm8ti.
ST FRANCIS CARE HOME TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 31 JULY2025 In•ppmprlate use of fun l)Jrfng th8 prevbu¥ financlol year. it was dix0ver1 Ihat the ch8nty had been 9uty.ect tts instan¢8¥ ol Inappr¢)prlate us$ of fijnds by an aMpbY retating to the prK>r periods tolallirq £74,(k$3.30. This ha8 been reported lo Ihg cher11 regulator, 08CR. 0$ well os tho pok. As this 1$ wrF8nty un(kr pol Invggtition fvrt elabtsrotion at this Wme is Mt pusslbte. would howover say that this Iw 0 9hod( to evory0 at th? Caro Homa bul has re8uf(ed In signifiLnt than9e81o our Iyxtk-kwing stnt¢ttJre. TheTnJgt¢os' rfjp¢)rtWa$ aPProd by the Board ofT0e Sistor PAtrlcta rdan 29 ju 2028
ST FRANCIS CARE HOME REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF ST FRANCIS CARE HOME Oplnion W8 have 8udlted the ffinanci81 slalements ol St Franus G8re Homè (the 'ch8Jltabk ccmpony'l for thè year ended 31 July 2025 whlch Comprise the Slalement of Finandal Acthth&s. SheeL the Cash Flr)w Statemantand not&8 lo the ffinanc181 staternents, indudlng a sumrnary of nIfIcant a¢xounting pol19S. The finanry81 reporting framework that has been appllgd In thelr PTeparatn Is awth¢oble law 8ThJ Unite(l Kingdom Ac(xJunting Standards (Untted Klngdom Generalty Ac¢#pt8d AcLounting PTr¢tlcel. In our opinion, the financlal statements- gwa a true and faSr vSew of the stats of Ihe charitable CjmpS affelrs Bs at 31 Juty 2025, and of Its in(x)mlng re8our¢es and appllcatSon of r88our, Indudwu Ils irKx)mg 8ynditure, for thè year then ended. have been prop8ty prepared In accxxdance ryth United Kiylom Generalty Artspted Accounting Pradlce" and hava been w8pareAi in with the requirements of the Compani98 Act 2006, Ihè Charibos ond Trustee InvestMt Iscokndl Act 21M)5 and regu19tion 8 ot the Ch8rltkns Auxwnts {Scollandl Regulalths 2006. Basls for oplnlon We I%)ndud audit in a¢ix)rdanc8 vAth Intemaltonal Stand¥ds on (11( IUKI {ISAg (UKII arKI oppllcablè law. Our rnswnsibilities urnlef thos8 standards are further dated in the audltor responsibllktlos for tho audit af the finanGial stalgmènts section of our rwrt. We are IndepnI of charitabl8 wmpany in accordant wlth ethlcal requir8mgnts that are relowant to our audit of tha financlal statemants in the UK. Induding the FRC'S Ethical Stand8rd. and we hav& fvlfilled our other ethThl responsitA'lilios in )rdance thèse requirements. We bèlieve that the audlt eviden( we have obtained is suffiaent and apworlate to prowde a basts for our opinion. Con¢luslons r•l•tlng to golng eoncern In aLKlrbng thg financial Stst8mts. we have ndU(kn1 thatthg trustees, use of the golng (eM basis of accounting in the preparation of the finala1 statements is approwHtè. Based on tho work we have rroM7ed. we havé Th)t hyen1]fi any material unc8rtainl8$ r¢laUng to èvents or coTrJitions tha( indIdallY or c(41eCtive, may cast swniknnt dbI on the charitable companls abllty lo Continue as a going nCern a P0d of al ast monlhs fr(Nn ¥A)8n the finarKi81 statements ate Buihorised for Issue. Our respons[bileS and the Tespowbirrtw of the trust88s wlth r9$ to wrwJ are descrtbed in thè relevonl sectlons of Ihis reKK)rL
ST FRANCIS CARE HOME REPORT OF THE INDEPENDENT AUDrroRS TO THE TRUSTEESAND MEMBERS OF ST FRANCIS CARE HOME Other Infomiation Tha trustees are responsible for Ihe other inlormalion. The other Inf0rn7ation cxJmpri59$ thè Infomi8tion induded In the annual report, other than the financaal statements and our Report of the 0pdenIAudltOrS tr8r80n. r opinion w the financlal st2tements does not ca)ver the other infrmBtlon and. except to the extent oth9n$¥ ex[lL¥lly statod in tyJr r¢Fx¥L we do not express any foTh of aS8u(W condusion ther&c. In connecUon %Mth our audtt (rf the fInar1 statem8nts. our re5FKynsibilty is to reBd the other infom)alion and, In dolng 50, consld$r whetsr thè other infomialion is materialty irwnsistenl ffinancial stslem8nts or our knOwdge obtaln8d in lh8 or othW appaars to be materialty mis5ts1ed. If we identify SUL material Inconsistencies or apparent malwTal misthlemonts. we are reqLnred to delemiinè whéthér this gives rise to a matèrial misslaternenl in the finanoal statemgnts themselves. If. based on th8 trk w& hav8 perfornied. we condud8 that there is a material misstatement (IthO8 othor It)fcfft)atlon. w& are required to report thatfact. We have rK>thlng to report in thls iegard. Opknlons on oth•r mattars pr•scrlbed by th• Companlos Act 2006 In ouroplnK)n, b8wI on tho work undertaken in the course of the aud - The inlomialion given in the RgWrt of lh& Trustees fcf the finanLyal year tha ffinarKaal statement8 are pr8par8d 13 conslstent with the finan(¥al ststmnts.. and .The of the Trustees ha5 been prepargd in wilh appkabb kgal r8quir8ments Matters on whleh w• A Y• requlr•d to report by exception In the light of the knowledge and understandiro of Ihe thadtablè o)mpany and lis environrnonl obtalned In t course of Ihe audlt, we have not idenUfi&J material mi8ststemènts in the RetKMt of the Trustees. We have nolhing tr) r8port In r&8PeCt ol the folowrKJ matters in rdalion to whi¢h the Compani8s Act 2006 8nd th& CharEtles Accounts (Scotland) Regd8tk%)9 2( {as anJ) uireS us to reFKWt to you rf. In our oplnion: adoquale a(Unting rè(x)rds hav8 beon kepL cr retums th4uale ts our aLxJK have been le1Ved from bran£es not by us., or the financial stateNW ar¢ rM In agreerltWNh Ihe a[ting re¢(*ds and relums: certain discknires oftrustegs. Mnuan spedfied by law arB not mth: or we have Thjt Tecelved all Ihe infc¥mabon aThl eypknnalSons w& require for our audli.
ST FRANCIS CARE HOME REPORT OF THE INDEPENDEKfAUDITORS TO THE TRUSTEESAND MEMBERS OF ST FRANCIS CARE HOME Responslblltties of Trusto99 explained mom fully in the Statent of Truslees, Responsibilities th8 trustees are responslble for the eparatlon of the finarrial statements and for satisfied that W give a Iruo &NJ falr vlew, and for such intemal control as the twstges dotennine Is necesw to enab th8 weparation of finanlaal statements that arÈ fr86 from mat8ri01 misstatement, whether due to fraud or error. In prèp8ring the financial stal8rnonts. the Irusteos are r8sw*lNo for 8ssessiivJ the charbtsblB companys ability to (tinUe as o going concgm, disck)slng. as aprAi(2ble. rnatters rplatgd tr) gOg xnd using the going ncern basis of accounting unless th8 wther inteThJ to IKIUKJatè Ihe chaiitatile wnpany or to cease operations, (v hovè tK) realistic aJtemalNg Iwt to (k) w.
ST FRANCIS CARE HOME REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEESAND MEMBERS OF ST FRANCIS CARE HOME Our r•sponslbllSlle8 forthe audlt of th• financlal statemo Our oblectlvos are to obtain roasonabb aSsUw atrM)Ut vtslher the financial statements as 8 whol8 Brè fr88 from malerfal mlsstatement. whether due lo fraud or enor. and to Issue a ReFJI of th8 Indendent Auditors that indud8s our OniOn. ReasOnae assuran is a hvJh bY¢l of a&8urance. bul is not a guarantse that an 8udit conducted In accordan wlh ISAS IUKI ill ahYay5 deteci ¥ malarial misstatement when il exists. Misstslemonts can arise from fraud or error and are consideTed material if, Indr¥KlUjY or aggregate, they o)uld reasonab be e)pected to Influen th8 ocrThmK dnS of users taken on the basis of Ihese financial statements. Iegularities, indudlng fraud, ar8 Inststw of noMompl5ar with laws and regulatK)ns. W8 dgslgn procedures in Ilne wlth our responsibilities, ouuined al¥9. to do materfal misstatements in respect of Irregularlti8s, including fraud. Thé axtant to vthich our procedures are capaile of dgtrtiny 1wlares. Inchjding fraud 18 detailtrd bek>w.' Th8 objectNes vf our audh are to jelIfy and assess the risks of mat8rlal mlsstatwnant of the financ?al statefflents due lo fraud OT grror.. to obt21n suffldent appropriate aLKS18kid8nce rpgarding Iho assessed rfsks of matgrial misslatemgnt due lo fraud or 8ffor.' aNJ io sPor1 aFvn)piialely lo IIKJse T58k8. Th¢ koy factors iTnpa(ng Ihg d9tscti( of irregulwties are the herent diff[tY in dtng Irr8wlariti85. the eff$¢Uv8n•ss of the companls controls al the naturo. tirrwng and extent of the audit prowlur89 pèrformèd. W8 note thai it con bg Iwrder lo deleGt irreguLarilie5 due to fra1 as thèy may involve deliberate conceafm8nt or colluOn. We fOcUsj on laws and regulations that Ulj give rise to a mèlèrf81 misstatoment in the financial statements Imaudlng, not Ilmltod to. tha compan Act 2006, the Chariii88 A(xx)unts (Scotlandl RegUlaon8 2006 las amgnded}. th8 CharfUès and Trust88 Inv8sÉm8nt IScotk7nd) Art 2005 aTKI signifk regulaUons relating to thè sactor kn whKh the ¢omFwy cyer8tes. Our procadures in relatn to fraud aj iwegukqrit indudad but were not nmited to: Inqulries of managemenl ether they have kn(wled99 of8ny 81. suspect8d or alleged fraud. Galning an understandlng of the kgal arKI regulatory fraMèwk through discussion wth management and IdentifThJ how the enltty ensures compliarKe Ihrough a reyiew of systems. Assessiny Ihe colleclDie ability of the audit team lo Identify re¢ogniz8 non-(x)mpHarth laws and regulations. Wg Hlentified thè follong as 8ignificant Liws and regulations for this company- S(x)ttish Charity regUlats. Gaining an understang of the iitemal contriAs establrshed ID miligate risk relaled to fraud. Making aSs&&8mt ofthe su5ceplitxlity of the LwiWs finarKxal statements io material misstatem8nl. Carying gut a rovwl of accojnting systems and pr(Kedure arKI making an eSSment on the effedven838 of Its control environment. Idenlitsng the prfrKipal risks whem fraud coukl take place eg posting m#nu81 Aoumal antritis to manlpulate firancial performan, management bias through ILJ(baemenis and assumptws in 8ignifi¢xnt aixounUng estimates and signffi¢ant one-off u unusu8J tran88dv)n. tliscu&8K>n of thèse matters by the wjdil team. - Ad(tressing the rfsk of fraud through management overrid$ of (Thtrr)Is by perfomiing ioumal ts$Ung. - Revlew of board minutès And r8lovant CrreSp)ndence vthh Tegulat(Ys legal 8tlvisors. - Agreement of the finantial statamènt disck)yJms to undefying SUPFOrting d(wmentstion. The prlmary r&srK)nsitslty for the preven1ion arvj dete()n of trregulartbes DKluding fraud rests wlth l)oth tIKJse charpj wlth govemance a1 management Cmiro to the ir)hergnt lthhatkjns of an audlt. there ts an unavoKlable risk thal malwial misstaiements In the finan(ial ststemenls may not be dets(A, 8V8n thgh th& aLhJit is prcyerty planned and p8rforwnod In acwdance with ISAS {UK). In parbcular, th8 rr8 removed from the transxth, th8 bss rIke ti Ss that we wouhl beme awarè of nrfompliance with laws 8nd r6guiatiorks. AS a msult of ow proc&Jures, we did not wJBntify key audlt malters relati to irregularrliè8. A fLwtheT dewptk)n of our res[wbIlitieS for the autht of the flnanrA81 statements is torAted on the Finalla4 Reporliry Councll's yle at wvm.fvc.org.ukjaud1icfwess1llIkn. Thk d88crfptk)n fomis part ol our Roport of the Independent Audttor3.
ST FRANCIS CARE HOME REPORT OF THE INDEPENDENT AUDrroRS TO THE TRUSTEESAND MEMBERS OF ST FRANCIS CARE HOME Use ofouT report This 1oP)rt is made sow to tho tharIlab comp8nVs m8nknrs. as a iK)dy, In acGrxdance wrth Ch8pler 3 of Part 16 of the C(nkW)lès Act 2006, and to the tharitable wrnpanl8 trusiees, as a body, in acccrfdance RegulalNJn 10 of thg Charth5 Acc(yJnis IScLslland} Regulation$ 2CK)6. Our audit work h89 beèn undertaken so that we nwght 3tato to charita8 companys m8mbèrs and the trustee8 thtssa matters we are required to state to In an 8udltors' reF(L and ft>r no olhgT purpos&. To the fv18St gxtont pemimted by L7w, we do not aept or awmè r8sprmsibilty lo anyong Qthgr ttrwn the charitable ¢t)mpany the tharitab COMF8 momL*rs as a boty. for our alxlit work, for thls rgport. or for Ihe oplnlons w8 hove fom. Bryan J T W¢xJd FCCAISenlor Statul(xy Awlitorl For and on baham ofAccountants Plus {HanNK() Ltd. TIAknuntants Plus statuloryAuditor Elgibl8 to act as an aLMlkor In tern se(on 1212 of thè C(xnp8nl8s Art 2006 Se¢ond Fkjor. Airbles Houle 70 s Road, Molherwdl, ML1 3AT
ST FRANCIS CARE HOME STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY2025 Total Unrestrlcted Restrlctsd funds funds 2024 2024 Total lund$ 2025 funds 2025 2024 Income Donations and legacles Ch8rft8bl8 actNlb8s Investments Other 186.689 2.189.439 2.878 813 186,689 74,605 1189.439 2,055.000 2.878 1245 813 8291 4.826 79.231 2,055,000 1,245 8,291 Tot•1 In¢omo 2.379.819 2,379,819 2.139.141 4.626 2,143,767 ndltUTe on. Charitable activlti8s 2.243.710 2.243.710 2,120,673 2,120.673 Not Incomg for th• ywj Net movomgDt In funds 136.109 136.109 18.468 4.626 23.094 Total lunds brought foThvard 429.847 4.626 434.473 411.379 411,379 Fund balan8 at 31 July 565,9 4.826 570.582 429.847 4,626 434.473 The statement offfln8ncaal acbVI in¢bJJes all gains and Ic6s8s rec(¥Jni%ed in year. All inu>m8 and expendilurg derive from GtInuIng .1193. Thè ststaml of ffnancral activilies al ¢x)mplw with the rwuir8mènts for an Irne and expenditure a(xy)unt under the CompanlesAct 2(8. 10-
ST FRANCIS CARE HOME BALANCE SHEET ASAf31 JULY2025 2Q24 Flxèd 098•ts TengllAe 8B80ts 12 109.38S 143,4115 14 1S3, 439,471 132,E84 345,1 Cath atbaJ aThJ kn haThJ 478.X Cr010. AM1•191ng dugTAItI on•y 16 1132.1081 {18T,1371 461.217 291,068 570 434.473 Th• fdI of th• ¢hrfty 17 unrerka&J I Crfjital UnnsknJ 121225) S94.181 (164.334) 694,181 429.847 570,582 434.473 rospectts) ?cntIng the prAiara¢Kfft ol fmarKI8181atnts. to tho Sm1 wnpant& ¥tiS. r Paln'ua Jordgrt Company Rogl8lAtlon 8C61>xe 11-
ST FRANCIS CARE HOME STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2025 2025 2024 Ca¥h flows from owatlny actmtles Cash Ganarated by Operations 122.639 311,064 IntIng a¢dvltlè$ Purd)ase of tangible fLxed assets Pror*eds on disposal of tarVJiI assèts InvestThenl Ine4)me received (31.389) 127,7551 22,710 1245 2.879 Not Cash usod In hw•stlng actlvltl•s (28,5101 13,8001 Net In¢rna#• In cash and eash •qulvalgnts 94.129 307,264 Cash and cash eqiwvalents 81 bwJlnnlr¥J of y 345.341 38,077 Ca¥h •nd cash eqUents at of yo 439.470 345,341 12-
ST FRANCIS CARE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Accountlng pomths Charlty Informatlon Sl Frands Care Home is a Evate ojmpany fimltwj by gu8rnntsg iwrated in Scotjand. Thè register&J office is McSparr8n mC£or. 19 Waterloo Stree( Gla8giyw G2 6AH 1.1 Accountlng conventTon The ffin8n¢lal 8tmènts 8r8 wapared in stsrfing . which the kn¢Ats)n81 ¢urrency of the chaiity . Monetary amounts in thesb fjnaniial Statonnts are r(yJnded to Ihe rTeSt £. The financial 81alements hav8 prgpared under thè hisknical rTht ¢omnlon. modified to includg certain fin•neial instruments al fr va. The principat a(xx)unbng pOlleS adopted are 8el out bolow. 1.2 Golng concern Al the Ilrne of approvffy the finandal Staterrls. Ihe Tnjstees have a rèègonable expectation that Ihe tharlty has adequate resour to ¢onlnue In owratkmd existence fcrf th8 lor9899abl6 fLrfure. Thus the Trustsas ntlnue tci adcty the gThrvJ eort¢em basls of oCunUng in prepariro Ihe firwicial ststemw 1.3 Charltable funds Unrestrided fvnds arn av8ilabl8 fry use at the diSetiOn of Ihe TNst88s In furtherarKe crf thelr tharilab objectives. Restiicled ftJrKas aro subj to speufic Condit)nS by n0[S or wantors as to how thèy may be used. Tha purposes and uses of $t¢t fitrnls are set J1 in the notes to th8 finandal st8t&ments. 1.4 Incom Income is rocognised when the charfty Is18gally en1iiled to it aftÉr Any p8rfcKmatxe condmions have b8gn mèL the amounts can bo me8¥urgd rèlably. and it is probabb that irwme wll rew¢d. C85h donaknws arv ro(ryni$ed repl Other donations ar8 rwniwl the tharity has b8gn no1ifi&d of the th)nation. uri18ss rfOoI8 IndItiS requiTe defeal of the arrK)unl. IrK¢Nne tax recoverable in rolation to (h)naiThs recaved under GrfiAKA or of CA)venanl is recognised at the timè of the donation. Legaryes gre recognised C relpt or otherww rf thè charity has teen notrfied of an impBndiny distribulon, the atllount is kTh)wn. and ieceipt is expwAed. If anKMnt k% ¢1 known, the bgaGy treat as a contiigenl 4$8et. 1.5 Expendlturo Expèndlture Is regnised once there is a legal or (trUCe oblgation to transfer etxtrn0M benefft to a thlrd paty, tt18 probBbk that a transts of benefits 11 ba 1[ed in settlement, and the amount of the obligation can bo rTwured reliabty. Expondtture Is dassltsj by a(thity. Thg of èath lty are made up of the total of direcl cosls and 8haTOd costs. IncdIng support cc6ts invotvgd urKlsrtakiThJ èach acuwty. Direct costs attrilxrtoble to a sIle athty all(tsfed dSreclly to that athity. Shared costs (x)ntdLwJte to nK)re than on8 actlvkty and support (x)$1s )t attr1butrb to a SI1e 1vity are 8pporb.oned between those activiti8$ on a basls consistent with the u8e tsf r&sourc8s. Central staff costs albcatod on thè basis of tir spent, and dgpreciation charg85 are all(uled tho p( Of asseys use. 13-
ST FRANCIS CARE HOME NOTES TO THE FINANCIAL STATEMEiifs {CONTINUED> FOR THE YEAR ENDED 31 JULY 2025 Aecountlng polcl•8 {Contlnugd) 1.8 Tangible Ilxod 0$8•ts Tanglble flxèd assets are InStlally measLYed at cost 5ub5equenty mèaBur8d at cost or valuatlon. net deprseiatkx and any ImpdmMt kjsses. Depr8datkJn Is recognlsed so as to lIe crflthe o)st or vduabon of a558ts les8 their rn$Klual values over their usefvl I8 on th8 folbwlry base&. Pk8rnt and 8quIpml Fwiures and fftbngs Computers Motor vehides 20% SL 20% SL 25% r¢dur£d balance The gain or108s ari8in9 ori tho dr4yJsal of an ass¢t Is detemilned as the difierence belwew) salè proc88ds and the Carrng value of Ihg 85soL 8nd Is rarwnl$8d In the slatomont offinandal actNII&s. 1.7 knpalrmert of ffted ats At èach r8prKUng date, the charity revivws the carryiThJ amunts of ts taTvJible assets to delemiine whether thér8 1$ any Indi(slion th th0 awls have suffered an iThyairmer)t loss. If any Such Ilicat)n e$t6. the r8oMrable amourrt of thg ¢ is "ITd in (der to determlne Ihe extent of thè impalmi8nt loss lif any). 1.8 Cash and cash equlvalgnts Cash 8nd ¢¥sh 8qulValtS IncAud8 cash in hand. depo&ts hdd at call wth banks. 0r short4erni IUld Iriv8stm8nts vAth orfginal maturitiès of thr&8 months kns. and bank overdraft8. Bank oV0r5ftS are shown within bOlg5 IVI current liabi"ti8. 1.9 Fln8nclal Instrumgnts Tho charity has eld to appty the proiSKS of SecNon 11 'Bask Fin8nci81 Instruments, and Section 12 'othèr Flnandal Instruments Issues. of FRS 102 to all of financial inStW[. Financlal Instruments ore in the clwiivs baknc4 sheet th8 tharity b8<J)mès party to tho contractual provision5 of Ihe instrumonL Financial assets and liabilitie5 are Offse(7 the nèt amounts prgsented in the finarKial statements, whon there Is a legalty enforable right to set off the recognrsed amounts and thèr8 Is an Intention to seltte on a ng1 basis (w lo reallse the asset and sewe the liabAity simu1iar&)uy. Basic finan(Yal assets. whth In0 arKI (sh and bank balances, are initially m88sur8d at transaction price including tranwtion [xts and are SubsryUent Carr at amortlsed caisl uslng Ihg effectfve Interest method unless the arrangement La)nstitutes a fin8ncwg trans8don, where the transaction is wneasured at Ihe present value of the fijture TIpts disccmjnled at a markol rats of triterest. Financk21 assets asstffed as reCtsabkn wltNn one year are not anMJ1ised. 14-
ST FRANCIS CARE HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 A¢¢ountlng pollcl•s {Contlnuodl Baslc ftnanctslllabllld•s Basic financlal Ila)Ilrtles. Indudlng c¥eAitors bank h)#r are init181ty rocrynk%ed al transaction prt¢e unlog8 the arrangém8nt 0)tu1eS a finanng transaction. where the debt instrument Is nured al thè pres1 value of th8 futurè payments discounted at a Fnarkgl rate of interest. Fin81 liabSllUes dassified a8 payable wthin one year are ¥WWK)rtil. Debt Instruments are Subsequentty cwied * J)Klk8d oJ8t. uslng the effective inter88t r8tg MId. Trade crndltors are oblpJation8 to pay for gLxrfJ8 or 8ervks that h8ve acqulred In the ordinary course of operaOn$ from suppfiers. Anunts payab18 are d8ssified as curMI li8billbos If payment is du8 wlthln one cK1988. If not, thèy arn presented as nonwcjjrreni Ik?bililies. Trade (¥vdiiors recognised Initial at trartsaction prlce 8nd subsequontty me8suwd at anYj1is cost using the eff8ctivo Inra81 mgthod. D•rocognlth>n of Ilnanclalllablllthes nanc1 katH&ts'es 8ro der8ctyJn18ed tfvthgn ts rjwws contracbjal oblvJatH)ns expir& Arè dL8charged or Celled. 1.10 Tax8tlon Th6 thartty Is exty from tax on its dwrftae a¢1]be8. 1.11 Employee bengftts The cost of any unused hothlay enltknient is r•x)gni5ed In thé pthl In which Ihe employee's Servi8 are recewed. Temiination benefits ar8 r8(x)gnI1 IMmlatY as an expense when the charity 18 demonstrably commrtted to temiinate the eThploym6ntof an etw¥)byee ty to temiination benefits. 1.12 Rotiromant b•nafits Payments to deflwj o)ntribulion retirwnent befit htsm&s are Chargj as an expense as thgy f811 duè. Crftlcal acccwnting èsthnat•s and Judggm•nls In tha aPIcation of th8 tharity's [9. th& TteaS are requwed to makè ludg&mènts. ègtlm8t8s and assumptiorts about the caTryirrfJ amount of and IlabllltSes that are ntsl r&a(lty èpparent from other sources. The estimates and asso(4at&J awJmpti¢)ns are ba on hisknical experience 8WKI other factors Ihal arg Idered to te relevanL Adual regjtts may drf8rfrom &sUm8tes. The esJmales and undertywwJ assumpli(Th ¥e r$wd an Onlg basis. Revisions lo aontIng estimates are recognised in the Per trh whith the 8Stimatè Is mised where the revlsion affo(ts only that period, or in the p10d of the reVlon and future wiods wher6 the rgvÉsion Bffecis both current 8nd fvlur$ periods. Depreciation is Fxowded over Ihe esti[Tted uselul e(0m5C lfves of lawble fix8d 8888ts. The Trusless raviaw the Ltseful lives. residu vakB5 arnl Cary anKAJnts at each reporting date, wlth any changes r8fl6¢ted in future deprecaa1lc L*arges. 15-
ST FRANCIS CARE HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Donatlons and logaclos Unrnstrlet•d Unrnstiiclad Restrfcted funds nd$ Total 2025 2024 2024 2024 Donalons Govemmont gr8nt incoff 186,689 74.805 74,605 4,626 4,626 186.889 74.605 4,626 79,231 Unr¢strl¢tad Unr•strl¢l•d fund8 funds 2025 2024 Charitable In(x>mo 2.189.439 2.055,LN)O kn¢om• from Invostm•nts Unrnstrlcted Unrestrtcted funds fund6 2025 2024 Interest re¢elvabl& 2.878 1,245 Other Incomg fund$ 2025 funds 2024 Ngt galn w dIsr}SaI of tarolbte fixed assets Olhar income 8.291 813 813 8.291 16-
ST FRANCIS CARE HOME NOTES TO THE FINANCIAL STATEMENTS {coKfiNUED) FOR THE YEAR ENDED 31 JULY 2025 Charltabl• actlvltles Charftable Charltablo Expnditur8 EXndItUrn 202S 2024 stalf costs Dèprgciadon otor & Travel Rates. watw & insurarte Exception Itams Light & Hoat Tèlèphone Poslage & stationery Repairs & Renowais SUnde$ C8tering, housek98piro & uniforms Bad debts Cwr8e & TrnIng Cioanlng & Laundry DTh)ations B8nk chapJe8 Computer &xp8rh$8S 1,746,779 1,559,085 65,427 39.553 2,536 1.301 33.403 28.097 74,C63 80.619 24,763 6.274 42.088 18,767 103.782 35.535 7.574 30,788 788 3,489 23,849 61.562 26,375 5,612 12.060 122,559 6.976 39.259 3,676 19.484 2,179,667 2,080,415 Legal, prol&s801 and aruntancYfees 52.102 32,970 Audlt fee Other interest payable 11,940 6.526 763 2.243.709 2,120,673 Legal. profv¥8lonal ond •¢¢ount•ncy fS Charltable Charrtable Expdture Eypendilure 2(125 2024 Legal, pmfassk)nAI and acrx)untwfees Legal & [fesOnal 24.378 21,038 A¢oountancy fees 27,724 11,932 52.102 32,970 17-
ST FRANCIS CARE HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Nat mov•mènt In funds 2025 2024 Th6 nel movement in fvnds is staled after Char{cltingI. DaprecL3tlon of own8d tangible fr1 assèts Lossl{profitl on disFosal of tan&•* fixed &ts 65,427 39,554 (8,291) 1D Emplo0$ The averago monthly numbor of¢mpbys during tho year VAS.. 2025 Numbor 2024 Numb•T Totsl 69 68 EmploynMIt ¢osts 2025 2024 Wage8 and salari88 S()cial se¢urity cctsts Oth8r pen&on costs 1.571.996 146,699 28,084 1,426,242 108.9 23.899 1,746,779 1.559,085 There were no emF4oyees kne anrsual renwneratiI Yds rnor8 th8n £fA).OLKJ. 2025 2024 Kay Managent pvwnel wiunerat 115.481 97,437 11 Taxatlon Th& is expl from taxati on Ns a¢11]&$ becaus¢ dl lis incxjmo is appl frx charitabl8 purposes. 18-
ST FRANCIS CARE HOME NOTES TO THE FINANCIAL STATEMENTS (COTrrnNUED) FOR THE YEAR ENDED 31 JULY2025 12 Tangiblg fIxed assets Ptsnt and and ¢¢thwtgrnMtslor¥•hki6s flttit Total Cost At 1 August 2024 Addfoons 212.487 29,454 6,596 17,552 291,360 31,389 At 31 Juty 2025 241.941 6,5 17,552 322,749 Depreclatlon and Impa[mnI Al 1 Augus12024 Deprecration charg In Ihg y 40.192 11.331 102.058 48.388 1,319 1.319 147.957 65,427 At 31 Juty 2025 51,524 150.446 2,638 8.n6 213.384 Carrylng 8mount At 31 July 2025 5.136 91.495 3,958 8,776 109.365 Al 31 Juty 2024 14.533 110.431 527T 13.164 143,405 13 Flnanclal Instrum•nts 2025 2024 Carrylng amount of Ilnanelal ass•ts Dèbt instruments measured at amorti5ed o)st 87,435 71,387 Carrylng •mount of IInancl Ilabllltlès Measured al amortiwl cost 132.127 141,397 14 D•lJtor8 2025 2024 Amounts falllng du• wlthln (x* yèar. Traje debtors Prepayments and arU] irKm0 87.435 66.419 71.387 61.477 153.854 132,864 19-
ST FRANCIS CARE HOME NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 JULY2025 15 CrndIt amounts falllng due within one ywdr 2025 2024 Loan from Pendon Fund other taxalicn aThJ soclal 88uJrfty Trad& cred(<ors Othèr cradito AccruaL8 and deferred inoJm8 6,111 (191 15,571 13,605 96,840 4.924 45,740 23,206 24.330 88.937 132,108 187.137 16 Rotlrement beneflt schornes 2025 2024 Dfjfln eontrlbutlon schem88 ChaDJe to profft ¢x In respect ofdeffined s(kn 28.084 23.899 The charlty operates a defin ntritrrt1)n pen5ton thme for al Qual[ émpws. The assets of the s(*L¢me ¥e he separatety from Ih)se ofthe charity in an iThYeperthntty 8dmlnistsred fvnd. 17 Rostrictsd funds The restri¢aed fijnds of the challty inckths a grant of £4.626. The funds wlll bo 1 to parallY fund r8n8wal costs for a lift. Al l August Incomlng At31 Ju 2025 Lrft Rertew81 4.626 4.626 Prwlous yéar: At 1 August IncomlTrg 2023 resources At31 July 2024 Llft Ren8wal 4,826 4.626
ST FRANCIS CARE HOME NOTES TO THE FINANCIAL STATEMENTS (coKllNUED) FOR THE YEAR ENDED 31 JULY2025 18 Anolysls of not as8et8 belwggn fund¥ Total fvnds 2025 fund$ 2025 2025 Al 31 July 2025: Tang5ble assets Current &ets1(118bl1UeSI 10g,365 456.591 IDg.365 461,217 4,626 565.956 4,626 570,582 Vnr•strfcted Restrfcted funds fund8 2024 2024 Total 2024 At 31 July 2024: Tang[l awts Current 8ss¢ts11liabiWes) 143,405 286,442 143.405 291.068 4,626 429.847 4,626 434,473 19 Unrestri funds IAovemont In funds Mov•m•nt In fd Bajance al comlng R8sourw Balafft at 1 Auw$t 2023 R¢sourc•s gxpwthd 1 Aug¥t 2024 Resources eAp8ndèd 31 Juty 2025 Unr8Strfcted Teserv&s Cat R88ervg Unrestridéd 1182,8021 2.139,141 12,120,673} 1164.3341 2.379.819 12,243.7101 {28.225) 594.181 594.181 594,181 411.379 2.139,141 12.120.673) 429.847 2,379.819 12243,710} 565,956 20 Capltal rgservo Thls consists ofthe t assets of Ihe lom)er St Franth Nursiro HO tskèn ovar by St Frarth Care Fk)tN¢. at 1 August 2018 arKI amounts r1vpaid In the year lo 31 Juty 2020. Thèsè funds are unreslrk8d. 21 Rolated party tranu¢th)n$ and trustee's remuneratlon -21-
ST FRANCIS CARE HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 21 R•latsd party tran8actlon8 and tsw8t4• romunwatlon {Contlnu•d) Dudng the year lo 31 July 2025 th8 Chaiity paid £27,n4 {2024.' £11.932) for accountsncy serv(ce8 Provlded by F L Walker & Company Ltd. Frank Walker sits on the Board of M8nag8m9nt of thg chanty and is also a dlr8Ctor of F L Walker & Conwany Ltd. The sviceS wov¥Jed alan arrn8 I9th basi$. During tho ygar to 31 Juty 2025. trustee Sister Lisette Prele, was empboyed by the chartty as C8ra Hrmn Manager gMI rel1v totsl reMratIOn Indudkng gross pay. empkjyer NIC and employèr p8nsk>n of £60,96712024: £59.031 I for thL8 rfA&. The h¢e opwates from 8 lddIng iy•m&1 by St Frands Nu1r Home a charlty the same truste85. No rent is chanJed. Tho trust$ were not rdmbuTJ kn expe$ Incurred. There were no amounts (kn lo relaiad partles atlhe yèar a. 22 Impendlng Costs Tho Care Hom& replard a rrft after the year year ond at a ¢xtst of £18,816. Grant of £4.626 rei¥¢d in tho prior Yèar11 ba utilLzed this pw[•. 23 Exc•ptlonal Item 2025 2024 staff detskHfion ry)sts 74,IX3.30 Cash gonerated frtsMl(Abs0rb by) Ola 2D25 2W24 Suwus for the year 136.109 23,094 AdJu¥tronts for. Invostrnenl income recognised in stalen1 of lIrlal aciivities Gain on dlsposal of tangl8 fixed assets Depreciation and impaiThnent ol tsngibl8 fixed a88ets 12,8781 11.2451 18.291} 39,553 65,427 Movtmonts In yrkIng Catal. IlrKreaSeYdrea$e in debtors IDeLYeasel kn LTeditors I20,9) (55.0291 235.171 22,782 Ch ggneratsd fr0mllal)rb1d by) opwatio 122,639 311,1