The Grove Residential Home (Solihull) Company Limited by Guarantee Financial Statements 31 March 2025 COMPANY REGISTRATION NUMBER: 04866257 CHARITY REGISTRATION NUMBER: 1102533
The Grove Residential Home (Solihull) Company Limited by Guarantee Flnancial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the di¢t01S report} Independent auditorfs report to the members St8t8ment of financial activities (including Income and expenditure arxount) 10 Statement of financial positlon 11 ststement of sh flows 12 Notes to the financial statements 13
The Grove Residential Home (Solihull) Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the DirectOS Report) Year ended 31 March 2025 The trustees, are also the directors for the purpjses of company law, present Iheir report and the financial ststements of the thar4ty for th8 year ended 31 March 2025. Reference and admlnlstratlvè dèLiils Reglstered charlty name The Grove Residential Home (Solihull) Charlty registration number 1102533 Company reglstratlon number 04866257 Prlnclpal offlce and reglstered office 48 Lode Lane Solihull West Midlands B912AE England The trustèes L. Green C. M. Ellls D. K Huggins J. R. Bates R. G. Ellis S. M. Mullett (R8s5gn8d 21 June 20241 (Resigned 21 June 2024) Company secrntary J. R. Bates Auditor Edwards Pearson & White (Audit) Limited Chartered Certified Accountants & statutory auditor 8 Jury Street Warwid( CV34 4EW Bankers Lloyds Bank 25 Gresham Street London EC2V 7HN Senlor management team M. Farrugia - CA home manager J. Bibb- assistsnt care home manager
The Grove Residential Home (Solihull) Company Llmlted by Guarantee Trustees, Annual Report (Incorporating the Dlrectorfs Report) {¢onUnu•d) Year ended 31 March 2025 Structure* governance and management Governing document The charitsble company is a registered charity (vth registratÉon number.. 11025331 and a private company limited by guarantee (with company number. 04866257). The charitable company was estsblished under a Memorandum and Artides which established the objeds and powers of the charitable company and is governed under its Articles of Association. In the event of the charitable company being wound up, members are required to contribute an amount not exceeding £1. The charity is govemed by a board of of oftru5tees who are also the directors. Structure and management Meetings are held on a regular basis, approximatety 6-8 times per annum when the overall management of the home is discussed and agreed. Day to day management is undertaken by the care manager and management team. Recrultment and appoiniment of trusteeg New trustees are appolnted by the current trustee's board, and training will be provided where necessary. Publlc beneflt The home benefits the public by providing a suitable residential care hcme for the local community. We have complied with the duty in section 17151 of the 2011 charities act to have due regard to guidance published by the Charity commlssion {i.e. public benefit statement). Rl¥ks The major risk facing the charlty is If occupancy rates fall bélow an aCceptae level and this ¢8 monitored at all trustee meetings. Similarly, the risk of infection continues and sultable infection control procedures have been Implemented, and are followed, 8t all times. Objeclives and actlvltles The primary objective of the trustees is to ensure the security of the home going forward in providing a suitable environment for the residents. Strategic report The followng sections for achievements and performance and finan¢tal review form the strategic report of the charity. Achievements and perfomiance on again. the home has continued to provide a wann and secure environment for the residents. It has operated satisfactortly during this period in an environment whi¢h has been broadly nonnal. However, the environment will always be challenging, both from an operating standpoint of caring for vulnerable residents with the conts'nued risk of infection. From a financial standpoint where economic constraints continue to be evident both individua51y and also for local and national Government. That the Home has done so in such an environment is testament to the commitment and dedi¢2tion of the hom8'S Staff and gratefiJl thanks Continue to be extended to them for their Contn'bulion throughout this period.
The Grove Residential Home (Sollhull) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (contlnuedj Year ended 31 March 2025 Flnanclal revlew A surplus of £131,162 was achieved whtch is a very satisfactory result and therefore considered to be another excellent result for the year. It was achieved as a result of income increasing with occupancy being generally high throughout the year and at higher rates than in the previoLts year, At the same time wages have increased to supwt this level of occupancy and also maintenance of the Home in an acpIable ndItion has continued. Unrestricted fvnds carried fOard at the end of the year amount to £889,168 lch is increased from the previous year due to the surplus and the trustees are satisfied that these should prove adequate for ong¢Jing activities wth a degree of Confiden in the current environment. The main funding Sour is residents, income whith conlinues to support the Charity's main activity of providing a warm and secure environment for its, residents. Reserves pollcy The home strtves to maintain suffiaent funds to enable SIX months running costs. At the year end, the level of unrestrfcted reseryes represented 226 days (or 7 months) worth of annual overhead expenditure (2024: 195 days) in line with the charity's rv8erves policy. As at 31 March 21f25, the charity had total reserves of £899,152 which can be analysed further as follows.. Unrestricted funds Restricted funds £889,168 £ 9,984 The existence of different rese¢ves,. and their.purp.oses are explained within a¢UntIng policies, in the notes to the financial ststements. The assets rerKesenting each of these reseNes is detailed out in note 22 to the fina181 statsments. Golng concern The trustees have a reasonable expedation that the charitable company has adequate resources to continue in operational existence for the foreseeable fjjture. For this reason, they continue to adopt the going nCern basis in preparing the financial statements. Plans for future perlods As noted aLN)ve the operation of the Home has operated in an environment wthich was, as far as it can ever be. nomial. Occupancy has generally remained high this year and this helped to produ the result for the year. Once again, the Home is indebted to the loy81 arKI enthusiastic staff, ably led by the managers, for their hard work and commitment to continue providing the residents with the wan and safe environment in which they live. The Ttustses would like to record heir gratefvl thanks to all members of stsff for their efforts. in particular Sin the year end when they had to navigate the kitthen refurbishment whilst continuing to ensure the residents received adequate sustenance. As stated above, the Home continues to incur substanttal amounts on maintsining it in an acceptsble state. The plans for the fiJture are continuing to provide a suitable environment for the residents and in order to maintain financial security. appropriate18vels of reserves will be preserved wherever possible. As noted last year, the major project is the complete refurtjishment of the kitchen which was undertaken after the year end. The total cost of this, vthen all ancillary items are included is is c£200,000.
The Grove Residential Home (Solihull) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (eontsnu•d) Year ended 31 March 2025 Quallfylng Indemnlty provlslon Qualifying third paty indemnity provisions were in force during the year, for the benefit of one or more trustees (of the charity). Trustees. responslbllltles Statement The trustees, who are also directors for the purposes of MpanY law, are responsible for preparing the trustees, report and thè financial statem8nts in a¢¢ordance with appll¢able law and United lfjngdom Attounting Standards (Unitéd lfjngdom Generally Accepted A¢¢ounting Practice). Company law requires the charity trustees to prepare financial statements for each year lch give a true and fair view of the stats of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently,. observe the methods and principles in the applicable Charities SORP; make judgments and accounting estimates that are reasonable and prud8nt', state whether applicable UK Acunting Standards have been followed, suty'eci to any material departures disclosed and explalned in the financial statements.. prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charity will ntinue in business. The tnjstees ar8 responsible for keeping adequate ar£ount6ng rerdS that a suffiaent to show and explain the d)8rity's transactlons 8nd disclose with reasonatle accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 20C6. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitles. Auditor Each of the persons who is a trustee at the date of approval of this rep¢Yt ¢onfirm$ that.. so far as they are aware, there is no relevant audit information of whith the Charity's auditor is unaware., and they hav6 taken all steps that they ought to have taken as a truste6 to make themselves aware of 8ny relevant audit infomation and to establish that the charity's auditor is aware of that infomiation.
The Grove Resldentlal Home (Sollhull) Company Llmlted by Guarantse Trustees. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 March 2025 The tnJ8tees' annual report and the strategic report were approved on 16 December 2025 and signed on behalf of the board of trLLgtees by: J. R. Bates Trustee
The Grove Resldential Home (Solihull) Company Llmited by Guarantse Independent Auditorfs Report to the Members of The Grove Residential Home (Solihull) Year ended 31 March 2025 Oplnlon We have audited the flnanclal statements of The Grove Residentlal Home (Solihull) (the 'charity'l for the year ended 31 March 2025 which comprlse the statement of financial activities (induding income and expenditure account), statement of financial position, statement of cash flow$ and the related notes, including a summary of significant accounting poliaes. The finaneial reporting framework that has b8en applied in their preparation Is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applie2ble In the UK and Republic of Ireland (United lQngdom Generally Accepted Accounting Practice). In our opinion the finanaal statements.. give 8 true and falr vSew of the state of the charitys affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expènditure, for thè year then ended., have been properly pparad in accordance with United lfjngdom Generally A¢pted Accounting Pract¢ce', have been prepared in accordance with the requirements ofthe Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing {UK) (ISAS IUKII and applicab16 taw. Our responsibilities under those standards are fijrther described In the auditoys r&sponslblllties for the audrt of the financial ststements section of our report. We are indeFendent of the charity in accordance wth the ethical requirements that are relevant to our audit of thé financi81 statem6nt8 in the UK, induding the FRC'$ 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 suffiaent and appropriate to provide a basis for our opinion. Conclusion8 relating to going concern In auditing the financial statements, we have conduded that the trustees, use of the going concem basis of accounting in the preparation of the financAal statements is appropriate. Based on the work we have perfomed, we have not Identified any materlal uncertaint18s relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to ¢ontinue as a going concern for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees wth respe¢l to going concem are described in the relevant sections of this report. Other Infomiatlon The other infomiation comprlses the Infomation included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other inft)rnation. Our opinion on the finanaal statements does not cover the other infonnalion and, extspt to the extent otherwse explicTtly stated in our pOrt, we do not express any form of assuran conclusion thereon. In connection with our audit of the financial statements. our r8sponslbllity Is to read the other infomiatlon and. in dolng so, cnnsider whether the other infonnation is materially incon$i$tent with the financial ststements or our knoedge obtained in the audit or otherwise appears to be materially misstated. If we Identify such material Inconsistencies or apparent material misstatements, we are required to detemine ether the 1$ a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have perfomied, we conclude that there is a material misstatemènt of thls other Infomation, we are required to report that fact. We have nothing to report in this regard.
The Grove Residential Home (Sollhull) Company Llmlted by Guarantee Independent Audltor's Report to the Members of The Grove Residential Home (Solihull) (¢ontlnuedJ Year ended 31 March 2025 Qplnlons on other matters prescrfbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit: the infomiation given in the trustees, report for the financial year for which the financial statements are prepared is consistent wth the finanaal statements- and the trustees, report has been prepared in accordance wlth appllcable leg81 requirements. Matters on whlch we are requlred to report by exceptlon In the light of the knedge and understanding of the charity and its environment obtained In the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to lch the Companles Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or relums adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the aLrounting records and tUM$,. or rtain disclosures of trustees. remuneration speafied tyylgw are not made. or we have not reiVed all the infomiation and explanations we require for our auOiL Responslbll1ll of trustees AS explained more fvlly in the knJstees' resp¢xsibilities statement, the trustees (who are also the dIror$ for the purposes 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 intemal control as the trustees detemine is necessary to enable the prèparab'on of financial ststements that are free from material misststement. whether due to fraud or error. In preparing the finanaal statements, the trustees are responsible for assessing the ¢harity'$ ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going COnM basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no reallstlc altemative but to do so.
The Grove Residentlal Home (Solihull) Company Limited by Guarantee Independent Audltorfs Report to the Members of The Grove Resldentlal Home (Solihull) (continued) Year ended 31 March 2025 Auditors responslbllitles for the audlt of the financlal statements Our obieclives are to obtain reasonable assuran about ether the financial statements as a whole are free from material misststement, whether due to fraud or error. and to issue an auditors report that indudes our opinion. Reasonabte assuran is a high level of assuran, but is not a guarantee that an audit ¢or)ducted in accordance wth ISAS (UK) will always detect a material misstatement when it exists. Misstatements (xn arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic deusions of users taken on the basis of these finani?al ststements. Irregularities. induding fraud, are instsnces of non-compliance with laws and regulations. We design procedures in line wth our responsibilities, outlined above, to detect material misstatements in rest*ct of legUlatieS, induding fraud. The exient to vthich our pro¢edures are capable of detecting irregularities, including fraud is detailed below: Our assessment focused on key laws and regulations the charity has to comply with and areas of the finan(ial ststements we assessed as being more susceptible to misstatement.These key laws and regulations included but were not limited to compliance wth the Companies Act 2006, United Kingdom Generally Accepted Accounting Practi, Charities SORP and levant tsx legislation. We are not responsible for prevenllng Irregularities. Our approach to detect irregularity included, but VRS not limited to, the following: 1. An understanding of the legal and regulatory framework applicable to the charity and how the ¢harlty Is complying. 2. Obtaining an understsnding of the charity's polldes and procedures and how the charity has complied w(th these. through dis¢u88lon3 and sample testing. 3. An understsnding of the charitys risk assessment process, induding the risk of fraud. 4. Perfomlng audit work over the risk of management override of controls. induding testing of journal entries for appropriateness. Whilst consldering how our audit Wofk addressed the detection of irregularities, we also ¢onslder the likelihood of detecti¢)n based on our approach. Irregularities from fraud are inherently more difficult to detect than those arising from error. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, induding those leading to a material misstatement in the financAal statements or non-complian regulation. This risk increases the more that compliance wth a law or regulation is removed from the events and transactions reflected in the financial sL9tsments, as we will be less likely to become aware of Instsns of non-complian. Also the risk of not detecting a material misststement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate COnalment by, for example, forgery or intentional misrepresentations. or through collusion. We are not responsible for preventing non-compliance and cannot be expected to (leterA noncompliance with all laws and regulations. As part of an audit in accordance with ISAS (UK), we exerose professional judgment and maintain professional scepticlsm throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial ststements, vthether due to fraud or error, design and perfomi audit procedures responsive to those risks, and obtsin audit evidence that is suffiaent and appropriate to provide a basis for our opinion. The risk of not detecting a material misststement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omlssions, misrepresentations, or the override of intemal control. Obtain an understsnding of intemal control relevant to the audit in order to design audit procedures that are appropriate in the arcumstances, but not for th8 purpose of expressing an opinion on the effectlv6ness of the intemal
control.
The Grove Residential Home (Solihull) Company Limited by Guarantee Independent Auditor's Report to the Members of The Grove Residential Home (Solihull) {conUnued) Year ended 31 March 2025 Evaluate the appropriateness of accounting policies used and the reasonableness of awounting estimates and related disclosures made by the directors. Conclude on the appropriateness of the directors. use of the going conrn basis of accounting and, based on the audit eviden obtained, whether a material UnrtaInty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going conom. If we condude that a matsrial uncertainty exists, we are required to draw attention in our auditols report to the related disclosures in the financial statements or, if such disdosures are inadequate, to to to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors report. However, future events or conditions may cguse the company to cease to continue es a going concern. Evaluate the overall psentiOn, structure and content of the finanrial statsments, including the disclosures, and whether the finanoal statements represent the underlying transadions and events in a manner that achieves fair presentation. We communicats with those charged with governan warding, among other matters, the planned scope and timing of the audit and significant audit findings. induding any significant defid8ncies in intemal control that we identify during our audit. A further description of our responsibilities Is available on the Financial Reporting Council's website at.. https'.I INwM.frc.org.ukJauditorsresponsibilities. Use of our report This report Is made solely to the charity's members, as a body, in accordance wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditors report and for no other purpose. To the fvllest extent permitted by law, we do not aCpt or assume responsibility to anyone other than the charty and the charity's members as a btyjy, for our audit work, ft)r thi5 report, or for the opinions we have fonned. David Pearson (Senior Statu ry Auditor) For and on behalf of Edwards Pearson & White {Audit) Limrted Chartered Certified Accountants & statutory auditor 8 Jury Street Warw¢k CV34 4EW 16 Dernber 2025
The Grove Residential Home (Solihull) Company Limited by Guarantee Statement of Financial Activities {including income and expenditure account) Year ended 31 March 2025 2026 Reslrlcted funds 2024 Unrestricted fjjnds Total funds Total funds Incomo and andowmonts Donations and legacies Charitsble activitles Inv8stment income Other income 23,999 1,527,183 13,679 23,999 1,527,183 13,679 6,778 1,365,522 9,294 2.520 Total income 1,564,861 1,564,861 1,384,114 Expenditure Expenditure on charitable activlties Total expendlture 9,10 1,433,699 1,433,699 1,427,637 1,433,699 1,433,699 1,427,637 Net (expenditure)Ilncome and net movement In funds 131,162 131,162 {43,523) Reconeiliation of funds Total fiJnds brought forward Total funds carriad forward 758,C( 9,984 767,990 899,152 811.513 889,168 9,984 767.990 The statement of financial activities indudes all gains and losses recognised in the year. Al income and expenditure derive from continuing activities. The notes on page8 13 to 21 fomi part of these financial Statements. -10-
The Grove Residential Home {Solihull) Company Limlted by Guarantee Statement of Flnanclal Posltlon 31 March 2025 2025 2024 Note Fixed assets Tangible fe assets 16 233,342 236,284 Current assets Slo¢ks Oebtors Cash at bank and in hand 17 18 2,150 45,792 686,935 2,150 30,536 566,369 734,877 599,055 Prepayments and accrued Income 12,696 13,658 Creditors: amounts falllng due wlthln one year Net current asset$ 19 36,178 38.355 711,395 574,358 Total assets less current Ilabllltles 944,737 810,642 Accruals and deferred income 45,584 42.652 Net assets 899,153 767,990 Funds of the charity Restricted funds Unrestrlcted fund$ 9,984 889,168 9,984 758,006 Total charity funds 21 899,152 767,990 These financ4al statements were approved by the board of tnJst8es and authoris8d for issu8 on 16 December 2025, and are signed on behalf of the board by: J. R. Bates Trustee The notes on pages 13 to 21 forni part of these Ilnanclal statements. 11
The Grove Residentlal Home (Solihull) Company Llmlted by Guarantee Statement of Cash Flows Year ended 31 March 2025 2026 2024 Cash flows from operatlng actlvltles Net {expenditurellincome 131,163 (43,523) Adjustments for. Deprec4ation cf tangible fixed assets Other interest receivable and similar income Accrued expensesllincomel 8,592 {13,6791 2,932 7,695 (9.294) (15,341) Changes in." Trade and other debtors Trade and other creditor8 114,294) (2,177) 112,537 (4,161) 2,773 Cash generated from operatlons {61,851) Interest received 13,679 126,216 9,294 Net cash froml(used inl operating activities {52,557} Cash flows from investing activities Purchase of tangible assets Net cash used in investing activities (5,650) (5,650) (6,760) (6,760) Nat Incr•as•l{decrease) in ea8h and cash equlval•nts Cash and cash equlvalents at beginning of year Cash and cash equlvalents at end of year 120,566 566,389 (59,317} 625,686 686,935 $66,369 The notes on pages 13 to 21 fomi part of these flnanclal slatements. 12-
The Grove Resldential Home (Solihull) Company Llmited by Guarantee Notes to the Financlal Statements Year ended 31 March 2025 General Information The charity is a public benefit entity and a private o)mpany limited by guarantee wlh company number 04866257. incorporated and registered in England and Wales and a registered charity in England and Wales with charity number 1102533. The address of the registered office is 48 Lode Lane, Solihull, West Midlands, B912AE. England. statement of Compliance These financial ststements have been prepared in compliance FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financtal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 10211 and the Companies Act 2006. A¢countlng pollcleg Basi$ of preparallon The financial statements have been prepared on the hlstori¢al cost basis. as modified by the revaluation of certain financial assets and liabilitles and inveslment properties measured at falr value through incvme or expenditure. The financial statements are prepared in steding, which Is the fijnctional currency of the entity and rounded to the nearest £. Golng GonrKm There are no material unrtaIntieS about the charivs ability to continue. Judgements and key source$ of estlmatlon uncertalnty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experien and other factors, induding expectations of future events that are believed to be reasonable under the circumstances. No significant judgements have had to be made in preparing these financial ststements. Fund accountlng Unrestricted fvnds are available for use at the discretion ofthe trustees to further any of the eharitys purposes. Designated funds are unrestricled funds earmarked by the trustees for particular future project or commilment. Restricted funds are subjected to restr¢ctions on their expenditure declared by the donor or through the tems of an appeal, and fall into one of subdasses.. restricted income fvnds or endowment funds. 13-
The Grove Residentlal Home (Solihull) Company Limlted by Guarantee Notes to the Flnancial Statements {¢ondnu¢d) Year ended 31 March 2025 Aecountlng pollcle8 (¢ontlnuad) Incoming resources All incoming resources are induded in the statement of financial activities vthen entitInent has passed to the charity: it is probable that the economic benefits associated with the transacAion will flow to the tharity and Ihe amount can be reliably measured. The following specifi¢ poli¢ies are applied to particular categories of income: income from donations or grants is recognised when there is eviden of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when rlpt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impr¥tical to measure reliably, in vthich case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are renised in the a¢Unts vthen received if the value can be reliably measured. No amounts are included for the ntribUtIon of general volunteers. income from )ntracts for th8 supply of services is regnised with the delivery of the Contracted seNice. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent in which case it may be regarded as restricted. Resourcès exponded Expenditure is r8CO9nised on an accruals basis as a liability is incurred. Expenditure indudes any VAT which cannot be fully recovered, and is classlfied under headings of the statement of financial aciivitiès to which it relates.. expenditure on raising funds includes the costs of 8i1 fvndrsising activitiès, events, non-eharitable trading activities, and the sale of donated goods. expenditure on charitable activities indudes 811 costs incurred by a tharity in undertaking activilles that fijrther its charitsble aims for the benefit of its benefiaaries, induding those support costs and costs relating to the govemane£ of the charfty apportioned to charitable activities. other expenditure indudes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable acttvities. Al costs are allOted to expenditure categories reflecting the use of the resource. Direct costs atlr(butable to a single activity are allocated directly to that acbvty. Shared costs are appotloned been the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are inilially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impaient losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent ac£umulated impainnent losses. An inc¥ease in the ¢arying amount of an asset as a r8suIt of a revaluation. is recognised in other recognised gains and losses, unless It reverses a charge for impaimient that has previously been recognised as expenditure within the statement of financial activlties. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, expt to 1¢h it offsets any previous revaluation gain. in lch case the loss is shown withln other recognised galns and losses on the statement of finanaal activilles. 14-
The Grove Resldential Home {Sollhull) Company Limited by Guarantee Notes to the Financlal Ststements (eondnued) Year ended 31 March 2025 Accountlng poli¢les {eontlnuedJ Depre¢iatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful e¢onomlc life of that asset as follows: Freehdd propety Equipment 2Yo Straight line 15Qfi reducing balan Impalrment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the COVerable amount belng estimated where such indicators exist. Where the Carrying value ex¢eed$ the re¢overab16 amount, the asset Is impaired a¢xordingly. Prior impaiments are also revlewed for possible reversal at each reportlng date. For the purposes of impainnent testing, en it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the ¢ash*enerating unit to which the asset belongs. The cash-generating unit Is the smallest identlfiable gfOUP of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of ether other assets or liabilities ofthe charity are assigned to those unlts. Stocks Stocks are measured at th6 lower of cost and estimated selling price le$8 costs to complete and sell. Cost indudes all costs of purchase, costs of conversion and other costs inujrred In bringlng the stock to its present location and condition. Governm6nt grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until ther6 is r6asonable assuran¢e that the Charity will Comply with the conditions attaching to them and the grants will be received. Where the grant doès not impose specified future perfornancfrrelated cond¢tions on the recipient, it is recognised in Income when the grant proceeds are received or r1vable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognis6d In income only en the perfomance-related condltions have been met. Where grants received are prior to satisfying the revenue recognition criterla. they are re¢ognised as a liability. -15-
The Grove Residential Home (Sollhull) Company Limited by Guarantee Notes to the Financial Statements (eondnued) Year ended 31 March 2025 A¢counttng pollcles (contlnued) Flnanclal Instruments The company only has basic finanaal Instruments. Financial assets Flnancial assets comprise items such as Cash at bank and in hand, trade and other debtors. These are initially recorded at cost on the date they originate. The company considers evidence of impairment for all individual elements comprising finanaal assets and any subsequent impairment is recognised in profit or loss. Financial liabilities Financlal Ilabilities comprise items such as corporation and other tsxes, bank and bank loans, accruals and trade and other creditors. These are initlally re¢orded at cost on thè date they originate, net of transaction costs vthere applicable. The company considers evidence of Impalment for all individual elements comprising finanaal liabilities and any subsequent impaiment is reo)gnised In proflt or loss. Deflned contrlbutlon plans Contributions to defined contribution plans are recognised as an expense in the perfod In whlth the related Servi is provided. Prepaid contributions are re¢ognised as an asset to the extent that the prepayment will lead to a redu¢alon In future payments or a cash refund. en contribLrtions are not expeGtsd to be settled wholly wlthln 12 months of the end of the reporting dale in vthich the employees nder the related seNlce, the Ilability is measured on a discounted present value basis. Thè unwnding of the dlscount Is recognised as an expense in the period in which it arises. Umlted by guarantee The company Is limited by guarantee and does not have a share capital. Each member gives a guarant66 to contribute a sum not exceeding £1, to thé compary should it be wound up. At 31 March 2025 there were 4 trustees. Donatlons and legacie8 Unrestricted Total Funds Funds 2025 Unrestricted Funds Total Funds 2024 Donatlons Donations and legacies 23,999 23,999 3,868 3,868 Grants Other grant income 2,910 2,910 23,999 23,999 8,778 6,778 Charltable actlvltles Unrestricted Total Funds Funds 2025 Unrestricted Total Funds Funds 2024 Residents income 1,527.183 1,527,183 1,5,522 1,385.522 16-
The Grove Residential Home {Solihull) Company Limited by Guarantee Notes to the Financial Statements (eondnued) Year ended 31 March 2025 Investment Income Unrestricted Totsl Funds Funds 2025 Unrestricted Funds Total Funds 2024 Bank interest receivable 13,679 13,679 9,294 9,294 Other Income Unrestrided Total Funds Funds 2025 Unrestricted Funds Total Funds 2024 other income 2,520 2,520 Expenditure on Charltsble activities by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Charitable Activities Support costs 1,415,802 17,897 1,415,802 17,896 1,433,699 1.433,698 Unrestricted Funds R68tricted Total Funds Funds 2024 Charltable Activities Support costs 1,393,574 19,271 14,792 1,408,366 19,271 1,412,845 14,792 1,427,637 10. Expenditure on charltsble activities by actlvlty type Activities undertaken dlre¢tly Support costs Total funds 2025 Total fund 2024 Charitable Activities Goveman¢e Costs 1,415,802 1,415,802 17,896 1,433,698 1,408,366 19,271 17,896 17,896 1,415,802 1,427.637 11. Analysls of support Costs Other Accountancy Auditors Costs remuneration Total 2025 Totsl 2024 Legal and professional fees 13,096 4,800 17,896 19,270 -17-
The Grove Residential Home (Solihull) Company Llmlted by Guarantee Notes to the Flnancial Statements (¢onrfnuadl Year ended 31 March 2025 11 Net <expendlture)Ilncome Net (expenditureyincome is stated after chargingl(crediting): 2025 2024 Depreaation of tsngible fixed assets 8,592 7,695 1& Auditors remuneration 2025 2024 Fees payable for the audit of the financial statements 5,600 Fees payable to the chaiity's auditor and tts assoclates for other servios.. Other non-audit seNices 1.833 2,070 14. Staff costs The total stsff ttssts and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries SoGial seGurity costs Employer contribution to pen8ion plan8 Agency staff 904,039 69,468 14,422 56,247 1,044,176 760,126 42,670 11.171 98,916 912,883 The average head count of employees during the year was 42 {2024: 39). The average number of full-time equivalent employees during the year is analysed as follows: 2025 2024 Number of stsff 35 32 No employee received employee benefits of more than £60,C(M) during the year {2024'. Nil). Remuneration paid in aggregate to the key management personnel amount to £98.728 {2024: £79.173). 15. Trustee remuneratlon and expenses No trustee's received any remuneration or expenses during the current year (2024.. Nil) 18-
The Grove Residential Home (Solihull) Company Limited by Guarantee Notes to the Financial Ststsments leontinued) Year ended 31 March 2025 16. Tanglble fixed assets Freehold propety Equipment Total Cost At 1 April 2024 Additions 343,197 10,180 5,650 363,377 6,650 At 31 March 2025 343,197 15,830 359,027 Depreclatlon At 1 April 2024 Charge for the year At 31 March 2025 113,256 6,864 3,837 1,728 117,093 8,692 120,120 5,565 125,685 Carrylng amount At 31 March 2025 223,077 10,265 233,342 236.284 At 31 March 2024 229,941 6,343 17. Stocks 2025 2024 Raw materials and consumables 2,150 2,1SO 18. Debtors 2025 2024 Trade debtors Prepayments and accrued income 45,792 12,696 30,536 13.658 58,488 44,194 19. Creditors: amounts falling due wlthln one year 2025 2024 Trade credito Social security and other taxes other Creditors 21,680 13,392 1,106 26,346 11,072 937 36,178 38,355 20. Pensions and other post retlrement beneffts The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £14.422 (2024: £11,171). Contributions totalling £3,074 {2024.' £2,590) We payable at the year end and have been induded on the balance sheet. -19-
The Grove Residential Home {Solihull) Company Limited by Guarantee Notes to the Financial Statements (contind) Year ended 31 March 2025 21. Analysls of charftable fund8 Unrestricted funds At Expenditure 31 March 2025 At 1 April 2024 Income General fvnds 758,C( 1,564,861 (1,433,699) 889,168 At Expenditure 31 March 2024 At 1 April 2023 Income General fjJnd$ 786,737 1.384,114 (1,412,845) 758,006 Restrlcted funds At Expendiiure 31 March 2025 At 1 April 2024 Income Restricted fund for the development of the garden 9,984 9.984 At ExperKfiture 31 March 2024 At 1 April 2023 Income Restricted fund for Ihe development of the garden 24,778 (14,792) 9,984 22. Analysls of net assets bètween funds Unrestricted Funds Restricted Totsl Funds Funds 2025 Tangible fixed assets Cuent assets Creditors less than 1 year Net a98ets 233,342 737,589 {81,762) 889,169 233,342 747,573 (81,762 9,984 9,984 899,153 Unrestricted Funds Restrided Funds Totsl Funds 2024 Tangible fixed assets Cuffent assets Creditors less than 1 year Net assets 236,284 602,729 {81,007) 758,006 236.284 612,713 {81,0071 767,990 9,984 9,984 23. Analy81$ of changes In net debt At 1 Apr 2024 Cash flows At 31 Mar 2025 Cash at bank and in hand 566,369 120,566 686,935 -20-
The Grove Residential Home (Sollhull) Company Limlted by Guarantee Notes to the Financial Statements le¢ttnued) Year ended 31 March 2025 24. Limitstlon of audltor8 Ilablllty The tharitable company, on 24th October 2025, ha$ entered into a limitation of auditors liabilty wth the auditor limiting the auditorfs liability to a maximum of £1,500,0(Xl (induding Interest}. 25. Related partles Included in the 8¢counts is £60,620 (2024: £106,835) in respect of repairs and maintenance payments made to A J. Huggins. A. J. Huggins is the partner of D. Huggins who is a trustee of the charity. J. Bates, who is a trustee of the charity, is also a govemor of Bimiingham City Unlversity. During the year, Blrmlngham City Unlversity provided physiotherapy seNi¢es to the charity amounting to £Nil (2024: £2,520). There were no outstanding balances due tolfrom either related paty at the end of the current or immediately previous period. 26. Controlllng party No one person controls the company. 21