REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
AYR BAPTIST HOMES |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
AYR BAPTIST HOMES |
AYR BAPTIST HOMES |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
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 | 19 |
AYR BAPTIST HOMES (REGISTERED NUMBER: SC111556) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
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 30 June 2024. 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 objectives and activities of Ayr Baptist Homes are as follows: |
- To provide residential care in a Christian environment committed to excellence, where personal dignity is maintained; |
personal privacy respected and personal needs are fully met; |
- To maintain a peaceful and homely atmosphere within the house at all times, where residents fell safe and love; |
- To recognise the value of all staff, encouraging, assisting and advising where appropriate. |
Significant activities |
The principal activity of the company in the year under review was that of the provision of residential care in a Christian environment for elderly people at Airlie House, 5 Victoria Park, Ayr. |
Volunteers |
Airlie House is a ministry of Ayr Baptist Church, and as such it involves several members of the Church in various roles, especially in the volunteer field. Some of our volunteers come from other churches in the area. All volunteers are members of the PVG scheme. Our volunteers carry out a number of roles, including providing assistance to maintain gardens and grounds and with fundraising activities. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
The charity continues to provide residential care in a Christian environment committed to excellence, where dignity is maintained, personal privacy is respected and personal needs are met. |
Comments and feedback from residents and their families, praise the care that is provided by Airlie House. By providing such care, Airlie House gives peace of mind to the families that their loved ones are being cared for, in a safe and loving environment. |
Internal and external factors |
Continuing improvements to the legislation concerning the operation of care homes and the provision of care, results in Airlie House having to ensure that changes are made, where necessary, as to how the care that they provide, is delivered. This may include employing additional staff or offering additional levels of care. All steps are taken to ensure that the objectives of the charity are adhered to. |
AYR BAPTIST HOMES (REGISTERED NUMBER: SC111556) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
ACHIEVEMENT AND PERFORMANCE |
During the last few years the service has been proactive in improving all aspects of the environment within the Home to enhance the experience of residents, staff and visitors to Airlie. |
The extensive gardens have been kept in splendid condition by our staff member Stuart and John our dedicated volunteer. Their morale boosting endeavours are greatly appreciated and remarked upon by residents, staff and visitors to the service. |
The Care Inspectorate continues to rate Ayr Baptist Homes extremely highly. The Home Manager, senior care staff and the directors monitor and audit all aspects of service provision to ensure high standards of care are maintained at all times. The directors welcome regulatory scrutiny of the service and are confident that the care provided at Airlie House is rated with the best in the sector. |
There has been significant cost implication in terms of the increases across the board in food prices, contract maintenance, staff wages, utility price, sick pay and staff overtime costs due to staff sickness. The manager has mitigated these increases by sourcing the most competitive suppliers and providers whilst utilising staff more efficiently in the service. |
Despite the challenges of the last year Airlie House staff have exceeded the expectations of the directors whilst staying true to the charities not for profit ethos and its Christian values. |
FINANCIAL REVIEW |
Financial position |
The results for the year and the financial position of the company are shown in the annexed financial statement. |
The trustees report a deficit of £39,129 (2023: surplus of £13,923) for the year and a total fund balance at 30 June 2024 of £909,364 (2023: £948,493). |
We give praise and thanks to God for his provision and acknowledge with gratitude the unstinting financial and practical contributions willingly made throughout the whole period of this report. |
Investment policy and objectives |
The trustees have the power to invest in such assets as they see fit. |
Reserves policy |
All reserves are considered to be unrestricted and are available for use at the discretion of the trustees in furtherance of the general objectives of the company. At the year end funds of £909,364 (2023: £948,493) were held. Of this, £145,004 (2023: £239,848) was held as cash and cash equivalents at the end of the reporting period. |
For the foreseeable future, these reserves are allocated to the reduction in borrowing. Whilst the current level of reserves may prove sufficient for the immediate future, it is the trustees' view that it is prudent to ensure that there are sufficient free reserves to provide for financial flexibility over the longer term. |
Going concern |
No material uncertainties related to events or conditions that may cast significant doubt about the ability of the charity to continue as a going concern have been identified by the trustees. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
The management of the company and its investment policy are the responsibility of the trustees who are elected under the terms of the Articles of Association. |
AYR BAPTIST HOMES (REGISTERED NUMBER: SC111556) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Organisational structure |
The organisational structure of Ayr Baptist Homes, Airlie House. is decided and monitored by the board of trustees who require to be members of Ayr Baptist Church The board aims to meet every two months to make policy, and in collaboration with the care manager and her staff, to oversee its implementation. However due to Covid restrictions this has not been possible. |
The day to day running of the Home is the responsibility of a management team incorporating the care manager and finance officer who are accountable to the board of trustees. |
The care manager and the trustees are in contact on a weekly basis and discussion of particular situations can take place as they arise. |
Induction and training of new trustees |
New trustees undergo an appropriate induction programme to brief them on their obligations under charity and company law and the financial performance of the company. |
Related parties |
Ayr Baptist Homes is associated with Ayr Baptist Church. |
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. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
Auditors |
Chartered Accountants & Statutory Auditor |
20 Barns Street |
Ayr |
Ayrshire |
KA7 1XA |
AYR BAPTIST HOMES (REGISTERED NUMBER: SC111556) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Solicitors |
Kilpatrick & Walker |
4 Wellington Square |
Ayr |
KA7 1EN |
Bankers |
Royal Bank of Scotland Plc |
Sandgate |
Ayr |
KA7 1EN |
The trustees are appointed by the members of the company, three other trustees are entitled to be appointed by virtue of their role as office bearers of Ayr Baptist Church. In practice they do not take up that appointment but keep a keen interest in the company and are consulted from time to time. |
STATEMENT OF TRUSTEES' RESPONSIBILITIES |
The trustees (who are also the directors of Ayr Baptist Homes 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 |
- | select suitable accounting policies and then apply them consistently; |
- | observe the methods and principles in the Charity SORP; |
- | make judgements and estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
The trustees are responsible for keeping proper 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. 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: |
- | there is no relevant audit information of which the charitable company's auditors are unaware; and |
- | the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. |
AUDITORS |
The auditors, Galbraith Pritchards, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
Approved by order of the board of trustees on |
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF |
AYR BAPTIST HOMES |
Opinion |
We have audited the financial statements of Ayr Baptist Homes (the 'charitable company') for the year ended 30 June 2024 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: |
- | give a true and fair view of the state of the charitable company's affairs as at 30 June 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; |
- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006. |
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 the provisions available for small entities, in the circumstances set out in note 20 to the financial statements, 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: |
- | the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
- | the Report of the Trustees has been prepared in accordance with applicable legal requirements. |
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF |
AYR BAPTIST HOMES |
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: |
- | adequate and proper accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of trustees' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit; or |
- | the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. |
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 gained an understanding of the legal and regulatory framework applicable to the company and the sector in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. |
We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and, enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. |
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. |
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF |
AYR BAPTIST HOMES |
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. |
for and on behalf of |
Chartered Accountants & Statutory Auditor |
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 |
Ayr |
Ayrshire |
KA7 1XA |
AYR BAPTIST HOMES |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 30 JUNE 2024 |
30/6/24 | 30/6/23 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Charitable activities | 4 |
Investment income | 3 |
Total |
EXPENDITURE ON |
Charitable activities | 5 |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 948,493 |
AYR BAPTIST HOMES (REGISTERED NUMBER: SC111556) |
BALANCE SHEET |
30 JUNE 2024 |
30/6/24 | 30/6/23 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 12 |
CURRENT ASSETS |
Stocks | 13 |
Debtors | 14 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 15 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 16 | ( |
) |
NET ASSETS |
FUNDS | 18 |
Unrestricted funds | 948,493 |
TOTAL FUNDS | 948,493 |
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 by the Board of Trustees and authorised for issue on |
AYR BAPTIST HOMES |
CASH FLOW STATEMENT |
FOR THE YEAR ENDED 30 JUNE 2024 |
30/6/24 | 30/6/23 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 | (1,793 | ) | 33,243 |
Interest paid | (1,198 | ) | (2,581 | ) |
Net cash (used in)/provided by operating activities | (2,991 | ) | 30,662 |
Cash flows from investing activities |
Purchase of tangible fixed assets | (78,022 | ) | (6,125 | ) |
Interest received | 84 | 345 |
Net cash used in investing activities | (77,938 | ) | (5,780 | ) |
Cash flows from financing activities |
Loan repayments in year | (13,915 | ) | (8,719 | ) |
Net cash used in financing activities | (13,915 | ) | (8,719 | ) |
Change in cash and cash equivalents in the reporting period |
(94,844 |
) |
16,163 |
Cash and cash equivalents at the beginning of the reporting period |
239,848 |
223,685 |
Cash and cash equivalents at the end of the reporting period |
145,004 |
239,848 |
AYR BAPTIST HOMES |
NOTES TO THE CASH FLOW STATEMENT |
FOR THE YEAR ENDED 30 JUNE 2024 |
1. | RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
30/6/24 | 30/6/23 |
£ | £ |
Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) |
(39,129 |
) |
13,923 |
Adjustments for: |
Depreciation charges | 13,407 | 6,319 |
Interest received | (84 | ) | (345 | ) |
Interest paid | 1,198 | 2,581 |
Decrease in debtors | 5,031 | 2,146 |
Increase in creditors | 17,784 | 8,619 |
Net cash (used in)/provided by operations | (1,793 | ) | 33,243 |
2. | ANALYSIS OF CHANGES IN NET FUNDS |
At 1/7/23 | Cash flow | At 30/6/24 |
£ | £ | £ |
Net cash |
Cash at bank and in hand | 239,848 | (94,844 | ) | 145,004 |
239,848 | (94,844 | ) | 145,004 |
Debt |
Debts falling due within 1 year | (7,000 | ) | 7,000 | - |
Debts falling due after 1 year | (6,914 | ) | 6,914 | - |
(13,914 | ) | 13,914 | - |
Total | 225,934 | (80,930 | ) | 145,004 |
AYR BAPTIST HOMES |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
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. |
PREPARATION OF THE FINANCIAL STATEMENTS ON A GOING CONCERN BASIS |
No material uncertainties related to events or conditions that may cast significant doubt about the ability of the charity to continue as a going concern have been identified by the trustees. |
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY |
In the application of the company's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. |
INCOME |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, 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. |
TANGIBLE FIXED ASSETS |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Freehold property | - |
Improvements to property | - |
Fixtures and fittings | - |
Computer equipment | - |
Land and buildings are not depreciated because they are maintained to ensure that their value does not diminish over time. The maintenance costs are charged as expenditure on the year they are incurred. |
Assets purchased for a cost of less than £1,000 are not capitalised. |
A review of impairment is carried out at each reporting date. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Impairment losses are recognised in the Statement of Financial Activities incorporating Income and Expenditure Account. |
AYR BAPTIST HOMES |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
1. | ACCOUNTING POLICIES - continued |
STOCKS |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
TAXATION |
As a recognised charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities.. |
FUND ACCOUNTING |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
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. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
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. |
DEBTORS |
Trade and other debtors are recognised at the settlement amount due. |
CASH AND BANK |
Cash in bank and in hand includes cash and short term highly liquid investments with a short term maturity of three months or less from the date of acquisition or opening of the deposit or similar account. |
CREDITORS AND PROVISIONS |
A review of impairment is carried out at each reporting date. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. |
FINANCIAL INSTRUMENTS |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. |
2. | DONATIONS AND LEGACIES |
30/6/24 | 30/6/23 |
£ | £ |
Donations |
AYR BAPTIST HOMES |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
3. | INVESTMENT INCOME |
30/6/24 | 30/6/23 |
£ | £ |
Interest receivable | 84 | 345 |
4. | INCOME FROM CHARITABLE ACTIVITIES |
30/6/24 | 30/6/23 |
Activity | £ | £ |
Residents and day care fees | Residents and day care fees | 1,084,020 | 961,827 |
Sundry receipts | Residents and day care fees | 146 | 599 |
Staff meals | Residents and day care fees | 2,978 | 3,741 |
5. | CHARITABLE ACTIVITIES COSTS |
Direct | Support |
Costs (see | costs (see |
note 6) | note 7) | Totals |
£ | £ | £ |
Care home expenses | 1,116,499 | 10,823 | 1,127,322 |
6. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
30/6/24 | 30/6/23 |
£ | £ |
Staff costs | 858,574 | 734,948 |
Provisions | 56,042 | 55,146 |
Cleaning materials | 14,188 | 16,280 |
Medical and nursing supply | 4,661 | 5,934 |
Training | 2,754 | 1,231 |
Repairs and maintenance | 45,823 | 27,585 |
Insurance | 8,713 | 8,343 |
Telephone | 3,197 | 1,414 |
General postage and stationery | 3,165 | 3,904 |
Rates and water | 6,441 | 6,147 |
Light and heat | 70,846 | 35,091 |
Sundry expenses | 10,497 | 17,253 |
Agency wages | 16,842 | 28,377 |
Consultancy fees | 49 | 100 |
Bad debts | 102 | - |
Depreciation | 13,407 | 6,319 |
Interest payable and similar charges | 1,198 | 2,581 |
1,116,499 | 950,653 |
AYR BAPTIST HOMES |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
7. | SUPPORT COSTS |
Governance |
costs |
£ |
Care home expenses | 10,823 |
8. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
30/6/24 | 30/6/23 |
£ | £ |
Auditors' remuneration | 2,500 | 2,500 |
Auditors' remuneration for non audit work | 4,790 | 4,610 |
Depreciation - owned assets |
9. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023. |
TRUSTEES' EXPENSES |
There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023. |
10. | STAFF COSTS |
30/6/24 | 30/6/23 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
858,574 | 734,948 |
The average monthly number of employees during the year was as follows: |
30/6/24 | 30/6/23 |
Support/domestic workers | 39 | 37 |
Management/administration | 2 | 2 |
Maintenance | 2 | 2 |
The company considers its key management personnel comprise the trustees, the care manager and finance officer. The total employment benefits including employer contributions the key management personnel received were £73,199. (2023: £70,158). |
AYR BAPTIST HOMES |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted |
fund |
£ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Investment income |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 948,493 |
12. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Freehold | to | and | Computer |
property | property | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 July 2023 |
Additions |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
AYR BAPTIST HOMES |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
13. | STOCKS |
30/6/24 | 30/6/23 |
£ | £ |
Finished goods |
14. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/6/24 | 30/6/23 |
£ | £ |
Trade debtors |
Other debtor | - | 2,750 |
Prepayments and accrued income |
15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/6/24 | 30/6/23 |
£ | £ |
Bank loans and overdrafts (see note 17) |
Trade creditors |
Social security and other taxes |
Accruals and deferred income |
Pension contributions of £5,813 were outstanding at 30 June 2024 (2023: £5,431). |
16. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30/6/24 | 30/6/23 |
£ | £ |
Bank loans (see note 17) |
17. | LOANS |
An analysis of the maturity of loans is given below: |
30/6/24 | 30/6/23 |
£ | £ |
Amounts falling due within one year on demand: |
Bank loans |
Amounts falling between one and two years: |
Bank loans - 1-2 years |
AYR BAPTIST HOMES |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
18. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1/7/23 | in funds | 30/6/24 |
£ | £ | £ |
Unrestricted funds |
General fund | 948,493 | (39,129 | ) | 909,364 |
TOTAL FUNDS | (39,129 | ) | 909,364 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 1,088,193 | (1,127,322 | ) | (39,129 | ) |
TOTAL FUNDS | ( |
) | (39,129 | ) |
Comparatives for movement in funds |
Net |
movement | At |
At 1/7/22 | in funds | 30/6/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 934,570 | 13,923 | 948,493 |
TOTAL FUNDS | 934,570 | 13,923 | 948,493 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 975,611 | (961,688 | ) | 13,923 |
TOTAL FUNDS | 975,611 | (961,688 | ) | 13,923 |
AYR BAPTIST HOMES |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
18. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1/7/22 | in funds | 30/6/24 |
£ | £ | £ |
Unrestricted funds |
General fund | 934,570 | (25,206 | ) | 909,364 |
TOTAL FUNDS | 934,570 | (25,206 | ) | 909,364 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 2,063,804 | (2,089,010 | ) | (25,206 | ) |
TOTAL FUNDS | 2,063,804 | (2,089,010 | ) | (25,206 | ) |
19. | RELATED PARTY DISCLOSURES |
20. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |