Charity registration number 1006024
Company registration number 02609389 {England and Wales)
DELPHSIDE LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

DELPHSIDE LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
M J Albion
W H Devling
Dr B J Finlayson
P Harrison
C A McNamara
V B Welsh
Senior Managemont Team
P Jones - Registered Manager
M Mccabe- Clinical Manager
J Dunn- Finance Manager
Secretary
P Jones
Charlty number
lo￿024
Company number
02609389
Reglstered offic8
Avondale Mental Health Centre
11 Sandstone Drive
Whislon
Prescol
Merseyside
L35 7LS
Audltor
Xeinadin Audit Limited
2 Hilliards Court
Chesler Business Park
Chester
Cheshire
CH4 9QP
Bankers
Bank of ScollarKI
Community Banking
St Andrews Square
EdinbLrrugh
Midlolhian
EH2 2YR

DELPHSIDE LIMITED
CONTENTS
Page
Trustee's report
Independent audilor's report
statement of finaneial activities
10
8alan¢e sheet
11
statement of cash flows
12
Not8S to the financial slatements
13-23

DELPHSIDE LIMITED
TRUSTEE'S REPORT {INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Iruslees present their annual report and financial slalemenls for Ihe year ended 31 March 2024.
The financial stalemenls have been p￿pared in accordance with the accounting policies sel oul in note 110 Ihe
rinancial slalemenls and comply wilh the charity's governing document, the Companies Act 2006 and "Accounting
and Reporting by Charities-. Stalernenl of Recommended Practice applicable to charities preparing thèir accounts in
accoidance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102)"
leffeclive 1 January 2019).
Objectlves and actlvities
This charity objectives are to relieve mentally ill OT infirm persons by the provision of accommodation and other
assistance in order thal they might be rehabilitated and resellled in the community. The charity aims lo achieve
these objectives by tailored aclivilies and support.
strategies for achieving aims and objectives
To acquire suitable freehold or leasehold premises for the establishment of a home for the beneficiaries
To maintain, equip, improve carry on and adminis18r such a home for the care of Ihe beneficiaries
To employ staff lo allend, train, and educate the beneficiaries (residenls), and lo accept help, assistance
and services from such other persons as the charity may deem Capable of furthering the objects of Ihe
charily
To make all ￿aSonable provisions for the payment of wages, salaries and pensions of employees of the
charily
To undertake any charitable trust Ihat may lawfully be undertaken to further the objectives of the charity
To appoint TTuslees lo act in Ihe interests of the charity lor the safely of any property given or held upon
trust for charitable purposes,
Crileria usod for assessing success
Review the records of the care provided lo the residents both in relation to personal records and also in
relation to thè maintenance and equipment ofthe home.
Determine the records of Ihe numbers of staff employed together with their responsibilities and make
referen￿ in the individual care records of the ￿sidentS to demonstrate the achievement of Ihe Gharily
objectives.
Maintain payroll records and details of job descriptions and conlracls of employment issued lo the staff.
Ac¢ess the regular Information bulletins issued by the Charity Commission and check Ihal charily
procedures follow any advice issued.
Ensure Ihat the number of Trustees during the review period never falls below 3.
The Irustees have paid due regard lo guidance issued by the Charity Commission in deciding what aclivilies the
charily should undertake.
Signfficanl activili8s und8rt8kgn and how they ¢onlribule lo th8 achievement ol Iho charilys aims and objectlV8S
Close attention to the Care Quality Commission (CQC) essential standards for nursing and car8 homes.
This ensures Ihe continuance of the home.
Holding regular discussions with approved social workors (ASW) and commissioning teams, concerning
the needs of the residents. This ensures Ihe home is fil for purpose and able lo meel needs.
Lislening lo the residents and Iheir families to ensure they are happy with the care piovid&d. This ensures
good feedback to the staff providing care for the residenls. enhanced by forfflal feedback request5.
Di5CUSSlOnS With the local authorilylhealth representatives {commis5ioneis) over the levels of financial
support they will make for the Tesidenls within the home. Understanding of the fInan￿S helps the
continuance of Ihe home,
Maintaining good relalionships with external professional partners such as hospital, GP doctors, Care
Home Liaison and Urgent care teams, dislricl nurses elc. when resident5 iequire medical attention and
5UPPOrt. Resident's confidence in Iheir caie is thus maintained, and the servi￿5 objeGlive lo help those
residents in their care achieved.
Secure and ensure Grant monies available for the control of Infection are utilised and allocated as per set
criterla and that these are for the expiess use in providing a safe environment and supporting the wellbeing
of residents and staff at Ihe service.

DELPHSIDE LIMITED
TRUSTEE'S REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achievemenls and perfomiance
Significant aGtivili8s and 8chievemenls against objeclives
Delphside Ltd {operating as Avondale Mental Healthcare Cenlre) continues to provide care and acGommodalion for
persons wilh longer term mental health problems. Delphside Limited works closaly with CliniGal Commissioning
Groups (CCG'S) and local authorities (MBC) to identify individuals who would benefit from a period of residenGe at
the home. Where possible the objective is to subsequently re-integrale such pe150ns back into their local
community.
Delphside Limited Regislered with C.Q.C. under the Heallh and Social Care Act 2008 (Regulated Aclivily)
Regulalions 2010 and subsequenl Health Care Ad 2022. Delphside Limited continued to provide activities and
setvices for persons identified as suitable for pl8￿men1 at Avondale during 2023124. Central to thal activity is the
provision of accommodation for persons who require nursing or personal care, the Irealment of disease, disorder or
injury.
That service was delivered in accordance with Ihe essential standards demanded by C.Q.C. and was overseen by
Miss Paula Jones as th8 Registered Manager and Mrs Margaret Janel Albion as Nominated Individual.
During the Teview period the Charity was registered wilh the CQC for the provision of 54 places within the home.
Places are filled as a result of requests ASW make upon the home manager to assess the suitabillly of people for
pla￿Ment. Should the assessment indicale a likely positive oulcome, a place is offered. The costs of the placement
are determined by the assistance likely to be needed.
Fee ral88 in relalion lo the main commissioning aulhoTiIy'5 funding were uplifted by a small percentage for standard
rates and the service continued to provide suilable care and services lo its charges.
Having secured a grant of £100,000 (from OLC) the service undertook significant work to upgrade external
accessibilily in the form of upgradinglwidening walk ways, provision of usable gardening and growing are8s for
those less able bodied elc. A planned social hub was pul on hold followin9 the company providing this going in to
receivership, which caused a loss to the service of the deposit on that unil, funded from the grant monies. Following
further approach lo OLC this part of the project has gained additional funding and work planned should progress in
2024.
Work with commissioners in KMBC resulting in a upgrade of the Amber unit with a vlew lo potential changed usage
re lype of ¢lienlal thal could beller use Ihal area, allowing wider support of dementia lype needs and allowing
potential for a further income slream in future.
The $8Nice continued lo hold the highest Tating of Outstanding following CQC inspection in January 2022. This saw
the service remaining as one of only three such service provid6rs on Merseyside holding the Outstanding rating and
the only seNice in Knowsley in Mental Heallh care lo achieve this. This has meanl Ihe service ha5 remained in a
favourable position. Following Ihe Service's work with the local Quality team previously the service remains Ihe go
lo setvice for mental health Gare and the provision of extra dementia care provision has been looked at following LA
approach..
The impact of the cost of living and inflation wa5 fell by the service. but managed with careful review of costings in
some areas, such as rAtering supplies, housekeeping and wilh revtew of utility conlract5.
Changes to staffs salaries and Living wage were planned for and help in se￿I￿ng a suilably skilled and staffed
se￿ice during the period.

DELPHSIDE LIMITED
TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial revlèw
The financial results for Ihe year are shown in the Slalemenl of Financial Activilies. Income for the year has
increased by £226,556 10 £2,566.517 from £2.339.961. Expenditure has increased by £64.815 to £2,465,209 from
£2,400,394. This indudes £100,000 of reslricled income which has not been fully expended in the year and as such
is held in reslricted reserves. The nel surplus in the year was £101,308 in comparison lo a deficit of £60,433 in
2023.
This has resulted in total funds carried forward at 31 March 2024 of £1,009,072 in comparison to £907.764 at 31
March 2023. All funds carried forward are unrestricled. with the exception of £87,940 from Oliver Lymes Charity.
The charity does have a restrictèd asset of £1,100,000 al 31 hhar¢h 2024, in respect of the property, however an
associated loan of the same amount is also held.
R8seNgs policy
The Councll of Management maintains a reserve fund. Historically the level has been belween two and four months,
exp8ndilure costs for Avondale Mental Healthcare Cenlre. The Council have found a reseNe lo be necessary to
cover the effects of fluclualing levels of occupancy rales and necessary expendilure as the building ages. This was
Teviewed and uplifted lo a reserve that will cover up lo a six month period if achievable and was determined due lo
changes brought about by Pandemic and subsequent crisis in the NHS, Social care system, National living wage
rises etc, areas which are likely to pose ongoing issues for care services.
The freely availab18 reserves of the Charity increased by £99,195 and tolalled £603.605 (2023 - £504,410).
PrinGip81 funding sources
The Charity's principal funding comes from the following:
Hallon and Sl Helens Clinical Commissioning Group
Knowsley Clinical Commissioning Group
Sl Helens MBC
Knowsley MBC
Warringion MBC
Liverpool MBC
Hertfordshire M8C
Cheshire and Wirral
Inv8Stment policy and objeclivgs
Delphside has the power under ils Memorandum and Articles to make any investment that ils Council of
Management sees fit. Funds are invested in cash based deposits to produce reasonable incorne andlor capital gain
over lime.
Plans for future pgriods
Trustees lake heed of the Charily Commission advice on the prevention of fraud by employeas. Fidelity guarantee
insurance is in place. as are internal checks and controls.
Trustees look towards how Governrnenl funding policies impact on local aulhorities and NHS Trusts, This leads lo
constanl economies being made by both the charitable and private sectors as monies for placements in care homes
is reduced. Trustees have seen a change in the needs of individuals being put fotward for assessment. At the same
lime standard facili118S Within homes are increasing.
As a se￿[Ce Avondale has looked consislenlly at meeting all slandards and exceed Ihese when possible to ensure
the service remains the "go lo" service for the provision of mental health care in the Gommunily setting. The awards
of Oulslanding rating from CQC and Excellent from PAMMS, eviden￿$ the setvices work in maintaining and
exceeding those standards, which along with ongoing referrals for Gomplex mental heallh placements at Ihe service
evidence Ihe Se￿ice holds a strong position as a Provider of mental health nursing care.

DELPHSIDE LIMITED
TRUSTEE'S REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Links with Commissioners and in particular Commissioners in the Knowsley area who have been the responsible
Commissioning body for the service throughout have remained good. The Service has also fotged links for provision
of complex care packages further afield and will conlinue lo do so.
The service rernains fixed of Ils position Ihal clarity on serwce terms regarding fees, contractual obligalions and the
rights of the service lo set those at reasonable rates is a must. That being neGessary lo allow suitable service
provision. whilst mainlaining financial viabilily and help secure fulure service markel position.
The service continues in is collaborative working with Heallh Education England, Cheshire and Mers8yside
Workforce rgsilience team, Enhanced Health for Care homes and is looking lo expand its collaborative working in
future, for the benefil of the service in terms of furth8r educalion for supporling fulure nurses in lo Ihe fi8ld of mental
health.
Slructur8. governanG8 and management
Governing documenl and constilution
The Charity Is Gonlrolled by its governing document, a deed of trust. and conslilules a limited company, limited by
guarantee, as defined by Ihe Companies Act 2006.
The charily has no share capital, being a charity limited by guarantee under clause 6 of ils Memorandum of
Association, with each member agreeing to conlribule £1 in th8 event of it being wound up. The number of
members registered al 31 March 2024 was 7.
Council of managemènt
The charity may at any lime appoint a member of the Council of Management; Ihere is no maximum limil on the
number of members bul there should be a minimum of three. At the Annual General Meeling one third of the
members are eligible for re-election. The following served as twstees and direclors of the charitable Company
during the year:
M J Albion
L Barlow
W H Devling
Dr B J Finl8yson
P Harrison
C A McNamara
V B Welsh
(Resigned 1 April 2024)
None of the Irustees has any beneficial interest in the charity. All of the Iruslee5 are members of the charity and
guafanlee to contribute £1 in the èvent of a winding up.
Organisalion81 slruclure
In accordance with the Memorandum and Articles of Association. the Council of Managemenl governs Ihe Charity.
The Council meets at least bi-monthly to consider reports from the officers of the charitable company. Agenda and
supporting documenlation are senl to the Council at least 7 days prior to the meeting.

DELPHSIDE LIMITED
TRUSTEE'S REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Induction and training olnew Irustges
New Trustees are inducted and appoinled following due diligence in relation to Fit and Proper Persons requirements
as per HMRC. Charity Commission and CQC guidance.
In order to Ènsure good financial govemance of the Charily. annually Ihe Trustees requiie the General Manager to
produce a financial plan for the coming 12 months. This plan contains a budget of revenue expendilure and income.
Also the General Manager PTodu¢es a requirement for capital expenditure. This is considered alongside the existing
cash position. The financial plan is the principle document that the Trustees rely upon during the year. They receive
monlhly management accounts on an income and expendilure basis, and also a monthly cash analysis.
Trustees task the General Manager lo produce a business plan. This is a docLtment that is extensively revi&wed by
the Truslees every years. Between Ihese dates il is updated by the General Manager. 11 covers the risks wilhin
th8 insurance policy for loss of income following extensive physical damage lo the home. It also explains what
conlingency provision is made lo safeguard Ihe exisling beneficiaries should the home cgase to Operate due lo a
failure of any of the operational systems due to any cause.
Business conlinuily plan for the seNice is also produced and updated annually or when influencing factors, such as
Covld dire¢l changes.
Regulatory risk is managed by Ihe home meeting essential Ca￿ standards as required by the Care Quality
Commission (CQC).
Arrangemenls for setting the p8y and remuneralion of key manag8mgnt personnel.
Trustees have established a Remuneration Committee. This is guided by the Chair. The Committee meets annually
and considers salaries for key managers against what is known in the local area. Additionally, there is a
performance related pay scheme {PRP) in operation. TTuslees delermine the total amount lo be dislribuled.
Distribution is against sel objectives. All employees are eligible to be considered against the set criteria for the
award of PRP.
Charilable status
The charity was appointed and registered as a Charity by the Charity Commissioners for all purposes on 15th
November 1991 (Certifi¢ate No. 1006024).
Patlenl's money
Al 31 March 2024, the charity held funds amounting to £76.488 {2023'. £51,567) on b8h81f of the patients of
Avondale Mental Healthcare Cenlre.

DELPHSIDE LIMITED
TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED>
FOR THE YEAR ENDED 31 MARCH 2024
ststement of trustee's responslbilitles
The trustees, who are also the directors of Delphside Limited for the purpose of company18w, are responsible for
preparing the Trustee's Report and the financial statements in accordance with applicable law and Uniled Kingdom
Accounting Standards {United Kingdom Generally AccEpted Accounting Practice).
Company Law requires the truslees to prepare financial statements for eaGh financial year which give a true and fair
view of the state of affairs of the charity and of Ihe incoming resources and application of resourc8s. including the
income and expenditur8, of the charitable company for that year.
In preparing thes8 financial slatemenls, the trustees are required to-
select suitable accounting policies and then appty Ihem consistentty:
observe the methods and Principles in Ihe Charities SORP:
make judgemenls and estimates thal are reasonab18 and prudent-
State whether applicable UK AcGounling Standards have been followed, subj'ect lo any malerial departures
disclosed and explained in the financial slalemenls., and
prepare the financial slalemenls on Ihe going concern basis unless il Is inappropriate lo pr8sume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting re¢ords that disclose with reasonable accuracy al
any time the financial position of the charily and enable Ihem lo ensure that Ihe financial statements comply wilh the
Companies Act 2006. They are also responsible for safeguarding Ihe assets of the charily and hence for taking
reasonable steps for Ihe prevenlion and deleclion of fraud and other iireguSarilies.
Audltor
In accordance wilh the company's articles, a resolution proposing that Xeinadin Audit Limited be reappoinled as
auditor of Ihe company will be put at a General Meeting.
Dlsclosure of infomiatlon to audltor
Each of the trustees has confirmed thal there is no informallon of which they are aware which is relevant lo lh8
audit, bul of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to
identify such relevant informalion and lo establish that the auditor is aware of such information.
The Iruslee's report was approved by the Board of Trustees.
M J Albion
Trv8teo
11 October 2024

DELPHSIDE LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF DELPHSIDE LIMITED
Opinlon
We have audited the financial slatemenls of Delphside Limited (the 'charity') for Ihe year ended 31 March 2024
which comprise the slalement of financial activilies, the balance sheel, the stalemenl of cash flows and notes to Ihe
financial statements, including significant accounting policies. The financial reporting framework that has been
applied in their prepaialion is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Slandard applic8blo in the UK and Republic of ItBJand (Uniled
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements-
give a true and fair view of the slate of the chaTilable company's affairs a5 al 31 March 2024 and of ils
incomlng resources and applicat￿n of resources. including ils income and expenditure, for the year then
ended",
have been properly prepared in accordance with Unlted Kingdom Generally A¢cepled Accounting Practice.,
and
have been prepared in accordance wllh the requirements of the Companies Act 2006.
Basis for oplnlon
We conducted our audil in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable
law. Our responsibililies under those standards are further described in the Auditoffs ￿sponsibl11118s for Ihe audil of
the linancial stalemenls seclion of our report. We are independent of the charity In accordance with the elhical
requirements that are relevant lo our audit of the financial slalements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibililies in accordance with these requirements. We believe
Ihat the audit evidence we have obtained is sufficienl and appropriate lo provide a basis for our opinion.
Con¢lu61ong relating to golng concern
In auditing ihe financial statements, we have conduded that the trustee's use of Ihe going conc8rn basis of
accounting in the preparalion of the financial slal8menls is approprtal8.
Based on the work we have performed, we have not identified any malerial uncertainlies relating lo events or
conditions that, individually or collectively, may cast significant doubt on the Charity's abilily lo continue as a going
concern for a period of al least twelve month5 from when the financial statements are aulhoris8d for issue.
Our responsibilities and the responsibilities of the trustees with respect lo going concem are described in the
relevant seclions of this report.
Other Informatlon
The other infomialion comprises the information included in the annual report other than the financial statements
and our audilor's report thereon. The Iruslees are responsible for Ihe other information contained within the annual
report. Our opinion on the financial slatemenls does not cover the other infortnation and, except lo the exlenl
othe￿iSe explicitly staled in our ieport. we do not express any form of assurance conrlusion thereon. OUT
responsibility is lo read the other informalion and. in doing so, consider whelhèr the other information is mateiially
inconsislenl with the financial slalemenls or OUT knowledge obtained in the course of the audil, or olherwise appears
to be materially misstated. If we identify such malerral inconsistencies or apparent material misslalements, we are
required lo determine whether this gives rise to a malerial misstalemenl in Ihe financial slalements themselves. If.
based on the work we have performed, we conclude that there is a malerial misslalement of this other information,
we are required lo report Ihat fact.
We have nothing lo report in this regard.
Opinlons on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the wotk undertaken in the course of our audit..
the infoimalion given in the trustee's report for the financial year for which the financial statements are
prepared, which includes the directors, report prepared for the purposes of company law, is consisl6nl with the
financial slatemenls-, and
the directors, reporl included within the trustee's report has been prepared in accordan¢e with applicable legal
requiremenls.

DELPHSIDE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF DELPHSIDE LIMITED
Matters on which we are required to report by èxcoption
In the lighl of the knowledge and understanding of the charity and its environment obtained in the course of the
audit, we have not idenlified material misstatements in the directors, report included within the trustee's report.
We have nothin9 to report in respecl of the following matters in relation to which the Companies Act 2006 requires
us lo ieporl lo you if, in our opinion..
adequale accounting records have not been kepl, or returns adequate for our audit have not been received
from branches not visiled by us,. or
the financial statements are not in agreement with the acLounling records and returns., or
ertain disclosures of trustees, remuneration specified by law are nol made- or
we have not received all the informalion and explanations we require for our audit,. or
the Iruslees were not enlitled lo prepare Ihe financial statemenls in accordance with Ihe small companies
regime and lake advantage of the small comparbies, exemptions in preparing th8 trustee's report and from the
requirement lo prepare a slrategic report.
Responslbilities of trustees
As explained more fully in the statement of Iruslee's responsibilities. the Irustoes, who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of the financial slalements and for being
satisfied that they give a true and fair view. and for such inlernal conlrol as the Iruslees determine is ne￿SsarY lo
enable Ihe preparation of financial slalemenls that are free from malerial misstatement, whether due to fraud or
error. In preparing the financial statements, Ihe Iru5tees are responsible for assessing the charity's abilily to
continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going
concern basis of accounling unless the truslees eilher intend to liquidate th8 charitable company or to cease
operations, or have no ￿811$11¢ alternative bul to do so.
Audltorfs responslbllltles for tho audlt of the financlal stalemont8
Our objectives are lo obtain reasonable assurance about whether the financial slalements as a whole are fre8 from
malerial mi5slalement, whelhef due lo fraud or error. and lo issue an avdiloT'S report that Snclud&s our opinion,
Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance
wilh ISAS (UK} will always detecl a material misslalement when il exists. Misslatemenls can arise from fraud or
error and are considered material if. individually or in the aggregate, Ihey could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial slalements.
Irregularities, including fraud, are inslances of non-compliance with laws and regulations. We design procedures In
line with our responsibilities, outlined above, lo detect malerial misslatemenls in respect of irregularities, Including
fraud. The exlent to which our procedures are capable of detecting irregularilies, including fraud is delailed below..
Enquiry of management and Ihose charged with governance around actual and potential litigation and claims-
Reviewing minutes of meetings of those tharged wilh g0veman￿.
Perfomiing audit work over the risk of managemenl override of conlrols, including lesling of journal entries and
other adjustments for appropriateness, evaluating Ihe business rationale of significant transactions outside the
normal course of business and reviewing accounting estimates for bias,.
Enquiry of management and those charged wilh governance lo identify any instances of non-compliance with
laws and regulations.

DELPHSIDE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF DELPHSIDE LIMITED
The potenlial effect of these laws and regulations on the finan(4al slalements varies considerably.
Firstly, the Company is subject to laws and regulations Ihat direclly affect the financial statements induding financial
reporting legislation (including related companies legislation). dislribulable profi15 legislalion and taxation legislation
and we assessed the extent of compliance with Ihese laws and regulations as part of our procedures on the related
financial slalemenl items.
Secondly, the Company is subject lo many other laws and regulations where Ihe consequence of non-compliance
could have a material effect on amounts or disc105ures in the financial slalemenls, for instance the imp05ilion of
fines or liligalion or the loss of the Company's li￿nse to operate. Auditing standards limit the required audit
procedures to identify non-complian￿ wilh these laws and regulations lo enquiry of the directors and other
management and inspection of regulatory and legal correspondence. if any. Therefor8, if a breach of operational
regulations is not disclosed lo us or evident from relevanl correspondence, an audit will not detect that breach.
Because of the inherent limilalions of an audit. Ihere is a risk that we will not delecl all iTiegularilies, including those
leading lo a rnalerial misslatemenl in the financial slalemenls or non-oompliance with regulation. This risk increas8s
the more that compliance with a law or regulation is r@moved from the evenls and transactions ￿flected In th8
financial slalements, as we will be less likely lo become aware of inslances of non-compliance. The risk is also
greater regarding irregularities occurring due lo fraud rather than error, as fraud involves intentional concealment,
forgery, collusion, omission or misrepiesenlalion.
We communicate with those charged with governance regarding. among other matters, Ihe planned scope and
timing of the audit and significant audit fi'ndings, including any significanl deficiencies In internal conlrol that we
id8nlify during our audit.
No Instances of material non-compliance were idenlified, although the prospect of detecting Irregularilles, including
fraud, is inherently difficull. This is due lo., difficulty in delecling irregularities., limits imposed by th@ effectiveness of
the entity's controls,. and the nature, liming and exlenl of the audit procedures performed. Irregularities as a Tesull of
fraud are inherenlly more difficult lo detect than Ihose that resulting from error. Despite Ihe audil being planned and
performed in accordance with ISAS (UK), there is an unavoidable risk that material misslalemenls may not be
delacled.
A further descrlplion of our responsibilities is available on the Financial Reporting Council's websile al: hllps'.11
www.frc.org.uklauditorsresponsibililies. This descriplion forms part of our audilo¢s report.
Use of our report
This report is made solely lo the charitable company'5 members. as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so Ihal we might slate to the charitable company's
members those matters we are required to stale lo Ihèm in an auditorfs report and for no other purpose. To the
fullest exlenl permitted by law, we do not accepl or assume responsibility lo 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 formèd.
Stephanie Baker BAIHons) ACA (Senlor Statutory Auditor)
for and on behalf of Xeinadin Audit Limited
11 October 2024
Chartered Accountants
Statutory Auditor
2 Hilliards Court
Chester Buslness Park
Chester
Cheshire
CH4 9QP

DELPHSIDE LIMITED
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Roslrlcted
funds
funds
2023
2023
Total
2024
2023
Notes
Income and endowments from:
Donations and legacies
Charitable aclivilies
Investments
Other income
1,937
2.426,317
5,170
33,093
100.000
101,937
2.426.317
5,170
33,093
10
2,279.548
1.013
28.891
10
30,499 2,310,047
1,013
28,891
Total income
2.466,517
100.(KIO 2,566,517
2.309,462
30,499 2,339,981
Expenditure on:
Chafilable activities
2,422.650
42,559 2,465,209
2,400,394
2.400,394
Total expendlture
2.422,650
42,559 2,465,209
2.400,394
2.400,394
Net Incomellexpenditure) and
movement In funds
43.867
57,441
101,308
(90,932)
30,499
(60,433)
Re¢on¢lllatlon of funds:
Fund balances at 1 April 2023
877,265
30.499
907,764
968,197
968,197
Fund balances at 31 March
2024
921,132
87,940 1,009,072
877.265
30,499
907.764
The statement of financial activilies indudes all gains and losses recognised in the year. All income and expendlture
derive from Continuing activilies.
10-

DELPHSIDE LIMITED
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
12
1.505,467
1,472,855
Current assets
Debtors
Cash al bank and in hand
13
122.472
669,035
60,015
636,106
791.507
Creditors: amounts falling due withln
one year
696,121
14
(187,902)
(161,212)
Not Current assets
603,605
534,909
Total a8sets less currènt Ilabilities
2,109,072
2,007,764
Credltors: amount8 lalllng due after
more than ong year
15
(1.1CKJ,000}
11,100,000)
Net assets excluding penslon liabllity
1.009.072
907.764
Net assets
1,009,072
907,764
The funds of the charity
Reslricled income funds
Unrestricted funds
17
87,940
921,132
30,499
877,265
1.009,072
907,764
The financial statements were approved by the trustees on 11 October 2024
M J Albion
Trustee
Company registration number 02609389 {England and Wales}
11

DELPHSIDE LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated froml(absorbed by)
operation5
22
90,241
(11,742)
Investing activitles
Purchase of tangible fixed assets
Investment income received
(62,482)
5,170
{36.496)
1,013
Net cash used In investlng actlvltie8
(57.312)
(35,483)
Net cash used In financlng activltles
Net Increasèlldecrease) in cash and cash
equivalents
32,929
(47,225)
Cash and cash equivalents at beginning of yeal
636,106
683,331
Cash and cash equivalents at end of year
669,035
636,106
12-

DELPHSIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charlty informatlon
Delphside Limited is a private company limited by guarantee incorporated in England and Wales. The
regislered office is Avondale Mental Health Cenlre, 11 Sandstone Drive. Whiston, Prescot, Merseyside, L35
7LS.
1.1 Accounting ¢onventlon
The financial statements have been prepared in accordance with the charity's goveming document, Ihe
Companies AGt 2006, FRS 102 "The Financial Reporting Slandard applicable in the UK and Republic of
Ireland" {"FRS 102°) and the Charities SORP "Accounting and Reporting by Chaflties.. Slalemenl of
Recommended Practice applicable lo charities preparFng their accounts in accordance with the Fir)ancial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Th8
charity is a Public Benefit Entily as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional ojrrency of the charity. Monetary
amounts in thes8 financial statements are rounded to the nearest £.
The financial statements have been prepared under the hislorical cost convention. The principal accounting
policies adopted ar8 sel out below.
Delphside Limited is a registered charily in England. In the event of lh8 charity being wound up, the liability in
the r8SPeCt of guarantee is limited to £1 per member of the charity. The address of the registered office is
given in the report lo the Iruslees. The nature of charily's operations and principle aclivilies is to relieve
mentally ill or infirm persons by the provision of accommodalion and other assistance in order that they mighl
be rehabilitated and resellled in the community al large.
1.2 Golng concern
At the lime of approving the financial slalements. the trustees have a reasonable expeclalion thal the charity
has adequate resources lo continue in operational exislence for the foTeseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statement5,
1.3 Charitable funds
Unreslricled funds are available for use at th8 discretion of Ihe trustees in furtherance of their charitablè
objectives.
Reslricled funds are subj8cl to specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the restricted funds are sel oul in the notes to the financial slalemenls.
1.4 Income
Income is recognised when the charity is legally entitled lo it after any performance conditions have been met.
the amounts can be measured reliably, and il is probable thal income will be received.
Cash donations are recognised on re￿iPl. Other donalions are recognised once the charity has b@en nolified
of the donation, unless performance conditions require deferral of the amount. InGome tax recoverable in
relation to donations re￿IVed under Gift Aid or deeds of covenant is recogni5ed at Ihe lime of Ihe donation.
Legacies are rècognised on receipt or otherwise if the tharity has been notified of an impending dislribulion,
the amount is known, and receipt is expected. If Ihe amount is not known, the legacy is treated as a
contingent asset.
The building from whlch the company operates were initially furnished by St Helens & Knowsley Health
Aulhorily. All gifls in kind are not shown in the financial statemonls due to the difficulty in quanlifying them.
13-

DELPHSIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policles
(Continuedl
1.$ Expendlture
Expenditure is recognised once there is a legal or constructive obligalion to Iransfer economic benefit to a
third party, it is probable that a Iransfer of economic benefi1$ will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activily. The costs of each activily are made up of the lolal of direct cosls and
shared costs, including support Costs involved in undertaking each aclivily. Direct cosls attributable to a single
activily are allocated directly to Ihal activity. Shared costs which conlribule lo more than one activity and
support costs which are not attributable to a single activily are apportioned between those activities on a basis
consistent with Ihe use of resources. Central slaff cosls are allocated on Ihe basis of lime spent, and
deprecialion charges are allocaled on the portion of the asset's use.
1.6 Tanglble fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuatlon, net of
depreciation and any impairment losses.
Depre¢lation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on Ihe following bases-
Fraehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Belween O & 150h Slraight Line
7 year straight line
3 year straight line
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between th8 sale proceeds
and the carrying value of the asset, and is recognised in the stalement of financial a¢livilies.
1.7 Impaimient of flxed assets
At each reporting end dale, the chaiity reviews the carrying amounts of Ils tangible assets lo delermine
whether there is any indication thal thos8 assels have suffered an impaiTmenl loss. If any such indication
exists, the recoverable amount of the asset is estimated in order lo determine the extent of tho Impairment
loss (if any}.
1.8 Cash and cash equivalents
Cash and cash equivalenls include cash in hand, deposlls held at call with banks, other short-lerm liquid
investments wilh original maturities of Ihree months or less, and bank overdrafts. Bank overdrafts are shown
wilhin borrowings in curTenl liabilities.
1.9 Financial Instruments
The charity has elected lo apply the provisions of Seclii)n 11 'Basic Financial Inslruments, and Section 12
'Olher Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Flnancial Instruments are recognised in the charitls balance sheel when the ¢harity becomes party to the
conlractual provisions of the instrument.
Financial assets and liabilities are offsel, wilh lh8 nel amounls presented in the financAa5 statements, when
Ihere is a legally enforceable righl to sel off the reGognised amounts and there is an intention to setlle on a nel
basis or to realise Ihe asset and settle the liability simultaneously.
14-

DELPHSIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Contlnued)
8aslc linancial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest rnelhod unless the arrangement conslilules a financing transaction, where Ihe Iransaclion is
measured at the present value of the future receipts discounted at a market rale of inleiesl. Financial assets
classified as receivable within one yeai are not amortised.
Baslc financlal Ilabllllles
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement conslitules a financing transaction. where the debt inslrument is measured al the present
value of the future payments discounted al a market rate of inleresl. Financial liabilities classified as payable
wilhin one year are not amorlised.
Debt instruments are subsequently ¢arTied al amortised cost. using the effective interest rale method.
Trade creditors are obligations lo pay for goods or services that have been &qUiTed in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if paymenl is due within one
yeaf or less. If nol, they are presented as non-cufrenl liabilitie5. Trade creditors are recognised initially at
transaction price and subsequently measured al amortised cost using the effeclive inleresl method.
Derecognltlon of flnanclal liabllltles
Flnancial liabilities are derecognisèd when the charity's Contractual obligations expir8 or are dlscharged or
cancelled.
1.10 Taxallon
As a registered charity, the company is r￿1 liable to corporation tax on its income. therefore no liabilily arose
on any ordinary activities for the year ended 31 March 2024 nor 31 March 2023.
1.11 Employee benefits
The cost of any unused holiday enlillement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised imm8dialely as an expense when the charily is demonstrably committed
lo lerminale the employment ol an employee or lo provide lerminalion benefits.
1.12 Retlrement benefits
Payments to defined contribul￿n retirement benefit schemes s￿ charged as an expense as Ihey fall due.
Critlcal accountlng estlmates and Judgements
In the appllcalion of the charity's accounting policies, the trustees are required lo make judgements, 8slimales
and assumptions about Ihe carrying amounl of assets and liabilities that are not readily apparent from other
sources. The estimates and associaled assumptions are based on historical experience and other factors Ihal
are considered lo be relevant, Actual results may dtffer from these estimates.
The estimates and underlying assumptions ar8 reviewed on an ongoing basis. Revisions lo accounting
estlmales are recognised in the period in which the eslimale 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.
Detemilnlng useful economlc lives of plant and equipment
The Charity depreciates tangible assets over their estimated useful lives based on historic perlormance. The
actual lives can vary.
15-

DELPHSIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and legacies
Unrestrlcted Restricted
funds
funds
2024
2024
Total Unrestrlcted R8Stricted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Oliver Lymes Charity
1.937
1.937
100,000
10
10
100,000
1.937
ioo,coo
101,937
10
10
Income from charitable actlvlties
Unrestricted Restrlcted
funds
funds
2024
2024
Total Unrestrlcted Restrlcted
fund8
funds
2023
2023
Total
2024
2023
Rellef of sufferlng
Department of Social
Securily
St Helens MBC
Knowsley MBC
Clinical Commissioning
Groups
Warringlon CC
Hertfordshire Trust
Liverpool CC
Cheshire East CC
NHS CheshiTe &
Merseyside
21,424
1,211,614
716,587
21.424
1,211,614
716,587
21,734
999,085
740.763
21,734
999,085
771,262
30,499
219,578
117,656
219,578
117,656
287,828
134,452
45,831
49,855
287,828
134,452
45.831
49,855
76,216
6,568
76,218
6,568
56,674
56,674
2.426.317
2,426.317
2,279,548
30,499 2,310,047
Income from Investments
Unrestricted Unrestrlcted
fundy
funds
2024
2023
Interest receivable
5,170
1,013
16-

DELPHSIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Other Incom8
Unrestrlcted Unrestricted
funds
funds
2024
2023
Sundry income
33,093
28,891
Expenditure on charitable activities
Relief of
sufferlng
2024
Rolief of
8ufferlng
2023
Direct costs
Staff costs
Depreciation and impairmenl
Hire of equipment
Rates and water
Insurance
Light and heal
Telephone, printing, stationery and postage
Waste disposal
Staff sundries
Sundry expenses
Catering provisions and consumables
Residents, welfare
Housekeeping and nursing consumables
Computer and $of￿are costs
Repairs, renewals and gardening
1.898,833
29,871
37,153
15,518
23,460
63,212
18,842
29,746
20.048
6,787
135,501
20,917
42,162
50,458
51,676
1,767,125
30.355
33,058
17.502
22,117
52,016
15,568
27,042
10,105
9,123
133.036
22,762
49.714
38,821
148,063
2.444,182
2,376,407
Share of support and governance costs (see note 8)
Support
Governance
10,947
10,080
14,387
9,600
2,465,209
2,400,394
Analysls by fund
Unresliicted funds
Restricted funds
2,422.650
42,559
2,400,394
2.465.209
2,400.394
17-

DELPHSIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocatsd to activlties
2024
2023
Legal and professional
Audit fees
10,947
10,080
14,387
9,600
21,027
23,987
Analysed betwe8n:
Relief of suffering
21,027
23,987
Net movement In funds
2024
2023
The nel movement in funds is stated after chargingl(crediting):
Fees payable for the audil of the charily's financial statements
Depreciation of owned tangible fixed assels
10,080
29,871
9,600
30,355
10 Trustees
Transactions with Irust8es have been disclosed in note 21.
11 Employee8
The average monlhly number of employees during the year was:
2024
Number
2023
Number
Management and administration
Nursing and rehabililalion
Domeslic, laundry, porters and drsvers
Catering
Bank
35
13
33
14
13
18
Total
70
75
Employment costs
2024
2023
Wages and salaries
Social security costs
Qlher pension costs
1,718,880
136,644
43,309
1,580,598
136.044
50,483
1,898,833
1.767,125
Included within employment cosls this year are PRP bonuses lotalling £23.575. This bonus was nol paid until
post year end and is recorded within Cfeditors.
18-

DELPHSIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Employees
(Continued)
The number of employees whose annual remuneration was more Ihan £60,000
is as follows..
2024
Number
2023
Number
£60,001- £70.¢￿0
Remuneratlon of key management personnel
The Trustees consider the key management personnel lo be comprised of.. the Trustees, Registered Manager,
Finance Manager, Service Coordinator and the Clinical Manager. The remuneration of key management
personnel is as follows.
2024
2023
Aggregate compensalion
265,118
236,507
12 Tangiblo fixed assets
FrBghold land Flxture$ and
and bulldlngs
flillngs
Computorg
Motor
vehlcltr
Total
Cost
At 1 April 2023
Additions
1,696.617
53.085
319,073
9.397
24,192
54.690 2.094,572
62,482
Al 31 March 2024
1,749.702
328,470
24.192
54,690 2,157,054
Depreclation and Impairment
At 1 April 2023
Depreciation ¢harged in the year
309,894
7,385
260.577
13.481
23,172
1,020
28.073
7.985
621,716
29,871
At 31 March 2024
317,279
274,058
24.192
36,058
651,587
Carrying amount
Al 31 March 2024
1.432.423
54.412
18,632 1.505,467
Al 31 March 2023
1,386,722
58,496
1,020
26,617 1,472,855
19-

DELPHSIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Tanglble fixed assets
(Contlnued
The charily does not intend lo sell ils freehold property in the foreseeable fulure. pariicularly as the trustees
have ambitious plans to expand Ihe provision of ils tharilable aclivili8s which would involve keeping the
property in question and incurring further capilal inveslment in improving it.
The charity purchased the property in April 1999 with the aid of a loan from Knowsley Primary Care Trust
{formerly Sl Helens and Knowsley Heallh Authority) of £1,100,000 secured by a legal charge and the primary
care Irusl was granted a right of pre-emption exercisable until AprÉl 2020. Theffjfore, the charity, if il so wishes,
may now sell Ihe prop8rty to a third party without the constraint of pr￿emptIon agreement.
The terms of the legal charge, howevet remain valid and provide that on any sale of property by the charity
the sale price has lo bè agreed wilh the Primary Care Trusl and the sale price is payable to the Primary Care
Trust less the amount of any reasonable sums which shall be proved lo Ihe Primary Care Trusts reasonable
satisfaction to have been expended by the charity oul of ils own funds in effecting structural additions or
improvements to the property.
Therefore. in the evenl that the property is ever sold by Ihe charity, il stands lo benefit by up lo a maximurn of
the expenditure it has incurred in effecting any structural additions or improvements to the property up lo the
date of sale.
Any potential economic benefit lo be derived by the charily in the future depends entirely on the property
being sold. The value of the property is considered lo be in excess of its inilial cost to the charity, however the
charity does follow a policy of revaluation.
13 Debtors
2024
2023
Amounts falling due wlthln one year.
Trade debtors
Prepayments and accrued income
67,790
54,682
38,574
21,441
122,472
60,015
14 Credltor6: amount8 falllng due withln one year
2024
2023
Other laxalion and social securily
Trade creditors
Other creditors
Accruals and deferred income
32,744
10,996
85,065
59,097
36,796
26.551
60,138
37,727
187,902
161.212
Included in other Cfedilors is the amounts owing al 31 March 2024 in respect of defined pension contributions
which were £5,534 (2023.. £5,611).
15 Credltors: amounts falling due after morg than one year
2024
2023
Borrowings
1,100,0(KJ
1.100.000
-20-

DELPHSIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Creditors: amount8 falltng due after more than one year
{Contlnued)
Borrowings repres8nl an other loan from The NHS Property Se￿iCes Limited (formerfy Knowsley Primary
Care Trust loan} which is secured on the land and buildings al 11 Sandstone Drive, Prescol.
16 Retirement benèfit schemes
2024
2023
Defined contribution schemes
Charge to profit or loss in respect of defined contribulton schemes
43,309
50.483
The charlly operates a defined conlribulion pension scheme for all qualifying employees. The asse15 of the
scheme are held separately from those ol the charily in an independently administered fund.
17 Restricted funds
The restricted funds of the charity comprise Ihe unexpended balances of donations and grants held on trust
subject lo specific conditions by donors as to how they may be used.
At 1 Aprll
2023
Incomlng Resourc89 At 31 March
resourcgs
oxpended
2024
Oliver Lymes Charity
Workforce recruilmenl & retention
1 W.000
(12,060)
(30,499)
87,940
30.499
30,499
100.000
(42,559)
87,940
Previous yoar.
At 1 April
2022
Incomlng Resources At 31 March
resources
expanded
2023
Workforce recruilment & retention
30,499
30,499
Workforce Recrultment & Retsntlon
During the previous year the charity received grant monies from Knowsley MBC to dislrlbule lo front line
health care workers for their service in the the COVID-19 pandemic.
Ollver Lymes Charfty
During the year the charity received grant monies from Oliver Lymes CharÈly lo enable them lo purchase a
portacabin and associated ground works. At the year end the ground works were complete but the porlacabin
has not been purchased.
21

DELPHSIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Unrestricted funds
The unrestricted funds of the charity comprise Ihe unexpended balances of donations and granls which are
not subject to specific conditions by donors and granlors as to how they may be usèd. These include
designated funds which have been sel aside out of unre51ricled funds by the trustees for specific purposes.
At 1 Aprll
2023
Incomlng
resources
R880urces At 31 March
expended
2024
General funds
877,265
2.466,517
(2,422.650)
921,132
Previous year:
At 1 Aprll
2022
Incoming
resources
Resources At 31 March
exponded
2023
General funds
968,197
2,309,462
(2,400,394)
877,265
19 Analys18 ol net assets between funds
Unrestricted Restrl¢ted
funds
funds
2024
2024
Totsl Unrestrlctod Restrlcted
funds
funds
2023
2023
Total
2024
2023
Fund balances al 31
March 2024 are
represenled by,
Tangible ass8ls
Current assetsl(liabililies)
Long lerm liabilities
405,467
515,665
1.1CKI.000 1,505.467
87.940
603,605
{1.1C(I.000) (1,100,000)
372.855
504,410
1.100.000
1,472,855
30,499
534,909
(1,100,000) (1,100,000)
921,132
87.940 1,009.072
877.265
30.499
907,764
Property Fund
Following changes in legislation in prior years, St Helens & Knowsley Health Aulhorty were required lo
dispose ofAvondale Nursing Home.
11 was agreed that Delphside Limited purchase the home from the Health Aulhorily for £1,100,000. The
purchase was funded by 3 1 Oooh mortgage from Sl Helens and KrH)wsley Health Authority. Repayments of
either capital or interest will nol be required so long as the home is used for its curront designaled purpose.
This has been treated as a restrided fund, details of which are shown in the balance sh9et on page 12.
The company was required lo enter into a pre-emptive agreement wilh St Helens & Knowsley Health Authority
lo enable the Authority lo repurchase Ihe home. for a sum equal lo Ihe purchase pricè paid by the company, in
Ihe event of any fulure disposal.11 is on the basis that the directors have decided not lo charge depreciation
on the freehold land and buildings.
The £1,100.000 mortgage, shown as a long lerm liabilily in nole above has not been discounted in the
financial statements.
-22-

DELPHSIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Operating lease commltments
At the reporting end dale the thaiity ha(J oulslanding commitments for fijture minimum lease paymenls under
non-cancellable operating leases. which fall due as follows..
2024
2023
Within one year
Between two and five y8ars
13,992
17,490
14,802
31,482
31.482
46,284
The operating leases represent leases of equipment to third parlies. The leases are negolialed over lerms of
3-5 years and rentals. All leases include a provision for fiveuyearly upward rent reviews according to prevailing
market conditions. There are no options in place for either party lo extend the lease temis.
21 Related party tran8actlons
There were no disclosable related party transactions during the year (2023 - none).
22 Cash generated from operations
2024
2023
Surplusl(deficill for the year
101,308
(60,433)
Adjuslmenls for..
Inveslmenl income recognised in slatemenl of financial aclivitFes
Depreciation and impairment of tangibl8 fixed assels
(5,170)
29,870
(1,013)
30,354
Movements in working rApilal-.
(Increase)Idecrease in deblors
Incre2sel(decrease) in creditors
(62.457)
26.690
23,039
(3,689)
Cash generated froml(absorbed by) operations
90.241
111,742)
23 Analysls of ¢hange8 In net (deblyfundg
At 1 Awll 2023
Cash flow8AI 31 MarGh 2024
Cash at bank and in hand
636,106
32,929
669,035
Loans falling due after more than one year
(1,100.000)
(1,100,000)
(463,894)
32.929
(430,965)
-23-