The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
The Charity’s purpose, as set out in the objects clause contained in its articles of association, is:
“To promote the relief of the elderly….in a manner which is deemed by law to be charitable”.
Our residents and their families are central to our organisation. Their needs and aspirations are met by a committed, professional and respectful care team. Residents' individuality and independence is actively promoted and their contribution to community involvement is encouraged. The Charity’s aim is to provide high quality care for those who need varying levels of support to assist them with their day-to-day activities.
Objectives, strategies and activities
Occupancy
To maintain a high level of occupancy.
To be the residential and nursing homes of choice for the local community and the local health trust.
National living wage
To keep our Employees above or in line with the National Living Wage.
To monitor living wage increases closely and ensure that Employees are paid appropriately.
Investment Performance
To generate a respectable level of return on Investments.
Invest in sectors that are risk averse and generate an above average rate of return.
Staff Turnover
To see a reduction in the staff turnover.
To be the destination of choice for nursing staff, and care and domestic assistants.
Cost Control
To see continued cost control across the organisation.
To continue developing and adhering to financial policies and procedures to ensure costs are always minimal to provide a high standard of care.
General
The Charity operates two Residential homes, Heartland Manor in Brockenhurst, Hampshire, and Little Haven, in Dibden Purlieu, Hampshire.
Each of the Charity’s care homes offers residential, palliative, respite, convalescent and re-enablement care for the elderly. Heartland Manor also offers Dementia care. If the need arises, a seamless transfer through these stages of care can be accomplished.Little Haven has a dedicated Activities coordinator, who ensure that residents enjoy a diverse and stimulating range of daily activities such as quizzes, gentle exercise classes, themed events and meals, drinks parties, excursions, films, and other entertainments as well as access to computers and the internet.
Visitors are always welcome, and volunteers, families and friends are encouraged to participate in the daily activities of the home, especially on significant occasions such as birthdays and anniversaries. Residents’ guests are readily accommodated for meals and are welcome to join residents in a cup of tea or coffee at any time.
Heartland Manor is a 40 bed residential care home set close to the centre of the New Forest village of Brockenhurst with close access to the local shops and services. The home offers specialized dementia care. All bedrooms have ensuite bathroom or shower facilities and there is a communal lounge, sunroom, dining room, activities room and beauty salon. The home has beautiful mature gardens for residents to enjoy in a relaxed and comforting environment.
Little Haven is a 41 bed residential care home and Nursing care home situated within an easy walk from the village shops in Dibden Purlieu and is within close reach of Hythe. All bedrooms have en-suite toilet facilities with the additional benefit of garden views. There is a communal lounge, dining room with cafe, activities room, bar, movie room and a hairdressing salon. The home, which is friendly and relaxed, is set in mature gardens offering level walks, raised garden beds and comfortable seating areas.
At both homes catering and housekeeping teams provide full services, whilst kitchenettes and laundry facilities are maintained for our more independent residents. Residents can choose to enjoy meals in the relaxed atmosphere of the dining room or in the privacy of their own room. Our seasonal menus and popular themed events provide an opportunity for residents to socialise. The Chef at each home meets with each new resident to discuss their dietary preferences or special requirements. Beverages and snacks are also available 24 hours a day.
Local GPs visit and our residents are helped to access a wide range of trusted community services, including Oakhaven Hospice. Residents also have access to the services of a dentist, chiropodist, and hairdresser. Both homes offer individual care provided by dedicated and professional teams.
Public benefit
Our care home charity for elderly people is dedicated to providing a safe, nurturing, and supportive environment for our residents. Through our commitment to excellence in care, we strive to enhance the quality of life for everyone under our care. Our services not only meet the physical and medical needs of our residents but also promote social interaction, mental stimulation, and emotional well-being.
We believe that every elderly person deserves to live with dignity and respect, and our charity is dedicated to upholding these values. By fostering a sense of community and belonging, we aim to combat loneliness and isolation among the elderly population. Our dedicated staff members work tirelessly to ensure that each resident receives personalised care and attention tailored to their unique needs.
Through our charitable efforts, we seek to make a positive impact on the lives of elderly individuals in our community. We are committed to transparency, accountability, and continuous improvement in all aspects of our operations.
Social investment policies
We are committed to making a positive social impact through our investments and initiatives. We believe in the power of social investment to create lasting change and improve the lives of those we serve.
Through strategic investments in our care home facilities, programs, and services, we aim to enhance the quality of life for our residents and contribute to the well-being of the elderly population in our community.
In addition to our core services, we are proud to offer three benevolent funds for individuals in need of support with their fees. These provide financial assistance to elderly people facing hardship or unforeseen circumstances, ensuring that they have access to the care and support they require. By investing in this fund, we are able to extend our reach and help those who may not otherwise have access to the resources they need.
To be eligible for consideration for assistance residents must have been resident in either Heartland Manor or Little Haven for at least 3 years and have sought assistance from other charity organisations. As income ascribed to the benevolent fund's assets is limited, the trustees have set a weekly limit for assistance, which is kept under review.
Our social investment strategy is guided by our commitment to transparency, accountability, and ethical stewardship of resources. We continuously evaluate the impact of our investments to ensure that they align with our mission and values. Through our efforts, we seek to create a more inclusive and compassionate society where all elderly individuals are valued and supported.
Use of volunteers
While The Wilverley Association (Trading as Everwood Care Charity) has not recently benefitted from the input of volunteers, other than the trustees, to the extent it would ideally like, it is grateful to all the people who voluntarily give their valuable time to ensure that services and activities are delivered to the highest possible standard.
The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 March 2025, in compliance with s414C of the Companies Act 2006.
Financial results for the year ended 31 March 2025 are shown in the statement of financial activities on page 11 to 12 with the associated assets and liabilities set out in the balance sheet on page 13. The statement of cash flows for the year is on page 14. Supporting notes to the accounts are on pages 15 to 28 and provide additional information to support the figures in the main statements.
Total incoming resources for the year were £4,520,359 (2024: £4,369,692), resources expended were £4,425,462 (2024: £5,111,996) and the surplus for the year was £88,857 (2024: deficit £635,185)
Policy on reserves
Free Reserves available for use by the Charity are deemed to be those that are readily realisable, less funds whose use is restricted or designated for particular purposes. Thus, the calculation of Free Reserves excludes property and other fixed assets that continue to be used in the day-to-day operation of the Charity and in particular the buildings used by Heartland Manor and Little Haven.
As a matter of policy, the trustees regularly review the value of the reserves required to be held in investments, cash and cash equivalents not restricted to or designated for any particular purpose. Ideally the trustees believe that a General Reserve equivalent to 3 months' normal charitable expenditure is needed to provide adequate working capital, to create a buffer in case of a sudden reduction in resident numbers and to allow for fluctuations in investment return.
On 31 March 2025 the General free reserves were positive £30,495 (2024 : negative £92,957). The Trustees continue to review the achievability of the objective against the context of investing in the environment each home offers to its residents.
In addition the charity has designated funds of £2,513,681 (2024: £2,481,690).
The Property and Equipment Fund of £1,574,561 (2024: £1,542,570) represents the net book value of fixed assets, which have been purchased with unrestricted funds. This reserve is locked into the value of the two homes and their associated fixtures and fittings and the value can be released only if one or both of the homes were sold.
The Repairs and Improvement Fund of £23,901 (2024: £23,901) is held to fund major repairs, improvements and renewals to the twin estates at Heartland Manor and Little Haven.
The Fees Subsidy Reserve of £915,219 (2024: £915,219) is a sum set aside from legacies received to provide the Wilverley Association Benevolent Fund (WABF) with a capital base (together with restricted funds with the same aims) from which to earn interest allowing small weekly grants to be made to help support any long term resident who would otherwise need to move home because of their reduced financial circumstances. The trustees will actively manage this reserve to balance supporting financially disadvantaged residents with the need to make improvements to the homes.
Investment policy and objectives
The trustees would ideally like to see a 4% return on the investments, in light of current market conditions and a "balanced" risk portfolio, as advised by TWA's investment advisers.
Principal risks and uncertainties
Risk management
As a care home charity dedicated to providing quality care for elderly individuals, we recognise the importance of identifying and managing risks to ensure the safety and well-being of our residents, staff, and stakeholders. Our organisation is committed to maintaining a robust risk management framework that enables us to proactively address potential threats and uncertainties that may impact our operations and to mitigate risk to the charity as a whole.
Some of the principal risks and uncertainties that we acknowledge and actively manage include:
1. Health and Safety Risks: Ensuring the health and safety of our residents and staff is paramount. We have implemented stringent health and safety protocols, infection control measures, and emergency response plans to mitigate risks related to accidents, illnesses, and other health-related issues.
2. Financial Risks: As a charity reliant on fees generated by charitable activities, we are exposed to financial risks such as fluctuations in income, rising operational costs, and economic uncertainties. We closely monitor our financial performance and maintain financial reserves.
3. Regulatory Compliance Risks: Compliance with regulatory requirements and standards is essential to our operations. We have established robust governance structures, policies, and procedures to ensure compliance with relevant laws, regulations, and best practices in the care home sector.
4. Reputation Risks: Maintaining a positive reputation is crucial to our charity's success. We actively manage risks related to public perception, stakeholder relationships, and media scrutiny by promoting transparency, ethical conduct, and open communication.
Our risk management approach involves regular risk assessments, internal controls, and continuous monitoring of key risk indicators. We engage with stakeholders, seek expert advice, and stay informed about emerging risks to enhance our risk management practices.
By prioritising risk management and adopting a proactive stance towards addressing potential threats, we aim to safeguard the interests of our residents, staff, donors, and the wider community. Our commitment to effective risk management underscores our dedication to delivering high-quality care and maintaining the trust and confidence of all those we serve.
Key identified risks
Recruitment remains a challenge within the association.Benchmarking of salaries is a regular activity within the association to ensure that we remain competitive. As the prospect of higher inflation and the consequent pressure on salaries and wages materialises, flexibility in staffing and careful monitoring of staff budgets will be a priority.
At Heartland Manor and Little Haven, we benefit from a well-established and committed care team, and we remain grateful for the services that they provide.
We have now appointed a permanent CEO.
Both buildings need regular enhancement in order to remain appropriate and comfortable for our residents. The trustees are currently looking at those improvements as part of the strategic planning for both homes. Anton House, a property owned by the association has been sold, and the funds now invested.
The Charity is a registered charity (No. 237911) and a company (No. 817104) limited by guarantee. Its registered office is shown on the Reference and Administrative Details page of this report. The Charity is governed by its Memorandum and Articles of Association adopted on 26 August 1964 as amended by Special Resolutions passed on 30 March 2017 and 23rd February 2021 and 19th May 2025.
Recruitment and appointment of trustees
There are 5 trustees currently in post.
The trustees review regularly the composition of the Board. The trustees look at the blend of experience and skills of all trustees to ensure that these meet the needs of the Charity. Where vacancies arise, a recruitment drive is undertaken.
The trustees are covered by an indemnity insurance policy.
Induction and training of trustees
Trustees are issued with a full induction pack including the associations information pack, an introduction to The Wilverley Association (Trading as Everwood Care Charity), charity commission guidance, fit and proper persons information, the 'how to' of trustee board meetings and the volunteer handbook.
The key management personnel are the Chief Executive Officer and Senior Management Team.The CEO remuneration is decided by the Board of Trustees and the Senior Management Team as recommended by the CEO.
Organisational structure
The Chief Executive Officer is responsible for the day-to-day management of the Charity's affairs and for implementing policies most of which have been agreed by the trustees. The day-to-day running of Heartland Manor and Little Haven is delegated by the CEO to the Home Managers. The Business activities are managed by the CEO and Senior Management Team with trustee oversight.
The trustees' report, including the directors report and strategic report, was approved by the Board of Trustees.
Opinion
We have audited the financial statements of The Wilverley Association (Trading as Everwood Care Charity) (the ‘charitable company’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 Auditor's 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.
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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. 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. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or 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 our audit:
the information given in the trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report and the strategic report prepared for the purposes of company law, is consistent with the financial statements; and
the strategic report and the directors' report included within the trustees' report have been prepared in accordance with applicable legal requirements.
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 strategic report or the directors' report included within the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or 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
we have not received all the information and explanations we require for our audit.
As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charitable company for the purpose of company law, 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.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:
Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;
Reviewing minutes of meetings of those charged with governance;
Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.
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 of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's 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.
Investment management costs
Loss on disposal of fixed assets
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Investment management costs
Loss on disposal of fixed assets
The Wilverley Association (Trading as Everwood Care Charity) is a private company limited by guarantee incorporated in England and Wales. The registered office is Little Haven, Beaulieu Road, Dibden Purlieu, Southampton, Hampshire, SO45 4JF.
The financial statements have been prepared in accordance with the charitable company's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement 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). The charitable company is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. In making this assessment the trustees have taken account of the improved trading performance during the year which has continued into 2025/26, the boost in the Charity’s liquid funds following the sale of its investment property, and the success of their ongoing cost control measures. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Fee income is recognised in the period that the service is provided.
Income from government and other grants is recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met, these amounts are deferred. Income received during the year relating to grants wholly covering periods commencing after year end is held as deferred income.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Tangible fixed assets are initially measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.
The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.
The charitable company is exempt from corporation tax on its charitable activities
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Residential Fees
Nursing Fees
Respite and Reablement Fees
Dementia Fees
Income from listed investments
Other Income
Investment management costs
Investment management fees
Provision of care homes
Provision of care homes
Residential and nursing care
Catering
Premises expenses
General running costs
Legal and professional fees
Contractor costs
Payments totalling £nil (2024: £nil) were made on behalf of trustees.
The average monthly number of employees during the year was:
The key management personnel of the charity comprise the senior management team. The total employee benefits, comprising salary and pension contributions of the key management personnel of the charity were £386,424 (2024: £379,785).
The acting CEO who was not an employee earnt remuneration of £11,410 (2024: £191,980).
Loss on disposal of fixed assets
Following a review of the asset register during the previous year, fixed assets of a net book value of £nil (2024: £48,892) were written off to reflect assets disposed of or no longer in use.
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
The investment property was sold during the financial year.
Listed investment
Cash
Endowment funds represent assets which must be held permanently by the charitable company. Income arising on the endowment funds can be used in accordance with the objects of the charitable company and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.
Incoming resources
Incoming resources
The monies received under the above endowed funds have been used to finance the costs of major improvements to the properties of Forest Oaks and Little Haven. Thus the value is held within the Tangible Fixed Assets.
Forest Oaks Gift Fund – is a fund set up to provide for extra furnishings and other expenditure at Forest Oaks which The Wilverley Association (Trading as Everwood Care Charity) might otherwise feel unable to provide.
Little Haven Amenity Fund - is a separate fund set up to provide for extra furnishings and other expenditure at Little Haven which The Wilverley Association (Trading as Everwood Care Charity) might otherwise feel unable to provide.
Mrs York Bequest – is a gift by the Mrs York whose capital and income is to be used for the benefit of Forest Oaks.
Forest Oaks Residents Benevolent Fund – is a fund set up to allow The Wilverley Association (Trading as Everwood Care Charity) to help individual residents at Forest Oaks who may require some assistance with their fees.
Little Haven Endowment Fund – is a fund set up to allow The Wilverley Association (Trading as Everwood Care Charity) to help individual residents at Little Haven who may require some assistance with their fees.
Wilverley Association Benevolent Fund – is a fund set up to allow The Wilverley Association (Trading as Everwood Care Charity) to help individual residents at either home, who may require some assistance with their fees.
Mr Brown Legacy - is a donation by Mr Brown to be used towards a new wheelchair accessible vehicle. This was purchased in March 2024.
The property and equipment fund represents the net book value of the tangible fixed assets held for charitable purposes less the amount financed by endowed funds. Since this fund represents existing fixed assets (mainly buildings), it cannot be converted easily into cash and therefore cannot be used to fund other activities.
The Fee Subsidy Reserve has been set up to provide for funds to assist residents who are unable to meet the full cost of the fees.
The repair and improvements fund represents money set aside by the trustees towards the finance of special maintenance work and planned major improvements to facilities.
At the reporting end date the charitable company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
During the year payments of £25,529 were made to Rhys Petterson who was appointed a trustee on 15 March 2024 and resigned 13 August 2024. Of the £25,529 paid during the period, £18,719 was paid to him when he was still a trustee. In the prior year payments of £61,048 were made to him and £4,256 was paid after being appointed a trustee.