Charlty Reglstratlon No. 1106837
Company Registration No. 05273395 {England and Wales)
BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FOR AGED
PERSONS
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Lentells
Chartered Certified Accounianis

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
M Snell
A Rice
I S J Dobbin
P J Conrad (Chairl
Se¢retary
J Ackroyd
Charity number
1106837
Company number
05273395
Raglst•r•d offle$
12 Ponsford Road
Minehead
Somerset
United Kingdom
TA24 5DQ
Independent examiner
D A Thatcher FCCA
Lentells Limited
Ash House
C(K)k Way
Bindon Road
Taunton
Somerset
TA2 6BJ
Bankers
National Westminster Bank PLC
Minehèad Branch
9 The Parade
Minehead
Somerset
TA24 5ZD
TSB Bank PLC
Minehead Branch
19 The Parade
Minehead
Somerset
TA24 SLU
Solicitors
Messrs Risdon Hosegood
18 Fore Street
Williton
Taunton
Somerset
TA44QD

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
LEGAL AND ADMINISTRATIVE INFORMATION
Investment advisors
Investec Wealth and Investrnent Ltd
30 Gresham Street
London
EC2V 7QN

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
CONTENTS
Page
Trustees reKM)rt
Independent examinevs report
ststemenl of financial actiw.ties
10-11
Summary income and expenditure account
Balance sheet
12-13
Statement of cash flows
18
Notes to the finanual ststements
14-29

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
The trustees present their annual and finan(ial ststements for the year ende(J 31 March 2022.
The financial stsleTnenls have been prepared in accordan￿ with the accounting policies sel out in note 1 to the
financial ststements and comply with the charivs Memorandum and Arb"cles the Companies Acl 2006 and
"Accounting and Reports"ng by Charities". Ststement of Recommended Practi￿ applicable lo charities preparing their
accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS
102} leffeclive 1 January 20191..
Ba¢kground infomiation
Broadlands was established in 1945 to 'provide a home or homes for age(1 persons within the Minehead, Watchet
and Williton a￿a... and although now in 2022 the language has changed, 'to provide supported living to the elderly
retired.. ' the objective remains unchanged.
Broadlands Homes Limited was incorporated as a charilable company on 29 October 2004 and took over the
activities of Minehead, Watchel and Williton Homes forAged Persons (charity number 2301871 on 1 April 2006.
The Chanty CommissioneTS for England and Wales issued an Order, dated 22 January 2007, under which
Broadlands Homes Limited was appointed trustee of the charitable trnst Minehead, Watchet and Williton Homes for
Aged Persons. Under the Order, title of the land and property known as Broadlands was also transferred to the
charitable company to be held in trust for the charitable trusl. The land and property remains the permanent
endowment of the charitable trust Minehead. Watchet and Williton Homes for Aged Persons.
Under the Uniting Direction dated 22 January 2007 Ihe charitable Irust Minehead, Watchet & Williton Homes for
Aged Persons is to be treated as forming part of Ihe charitable compaT)y Broadlands Homes Lirlliled for the purpose
of accounting as described by Part Vl of the Charilies Acl 1993 (Part 8 of the Charities Act 20111 and these
accounts incorporate the financial activities, liabilities and funds of both Broadlands Hornes Limf(ed and Minehead,
Watchet and Williton Homes forAged Persons.
The objectives of the charitable trust Minehead. Walchel and Williton Homes for Aged Persons, being provision of a
home or homes for ageé persons within the Minehead, Watchet and Wlllrton area, fall within the objectives of
Broadlands Homes Limited as detsiled below.

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Obl¢ctlves and a¢tlvitie$
The charity's objectives are to establish. operale and mainlain accommodation wilh full board for elderfy people
within the district of West Somerset.
Broadlands provides full board, entertainment. outings, laundry and cleaning in a homely and friendly atmosphere,
whilst at the same time keeping all income and costs under constant review.
Residents need to be capable of looking after theTnselves. but rf not, an outside registered care provider attends the
home lo provide care, in the forTn of personal care and medication. which is paid for by the resident. When personal
care reaches beyond a basic limit residerrts move on to other separate care homes or hospital.
Achieverllenl of the charity's aims is measured in terms of the level of occupancy and length of stsy of our
residents, together with feedback from staff and residents al regular meetings with the senior man8gemenl team.
One of the trustees aims lo attend a meal al Broadlands on a rr￿nthlY basis wrth a view lo observing the running of
the home, the Welfa￿ of residents and the inlerath.on of stsff wth the residents.
The charity does not use social investment or provide grants. All the ttuslees are volunteers.
Publ1¢ Beneflt
Thè long 8Stablish8d lègal prinuple is, that to enjoy charitable status Broadlands must exist for a purposè which is
beneficial to the community and it achieves this by..
advanang health and assisting the agedldisabled..
The Iruslees have paid due regard to guidance issue(I by the Charity Commission of England and Wales in deciding
what activities the charty should undertake and compty with the requirements of section 4 of the Charities Act 2011.
Achievements and performance
The Trustees have adopted a FK)licy to ¢x)ntinue wlh the improvement of facilities in residents, acwmmodab'on by
replacing baths with showers ensuite to all rwms.
Regular resident and staff meetings were held during the year to provide infornialion and re￿1ve comments.
Residents were able to express their views and see their suggestions acted upon. Suggestions from staff lo help
irnprove the object of providing a friendly, happy and homely residence were welcomed and where appropriate were
irllplemenled.
Broadlands is held in high regard in the local communty. Staff are all local people with a good knowledge of the
area and are therefore able to share fully with residents memories of the places and people that they knew or know.
In relation to the portfolio of investments managed by Investec. the Injstees have selected a balanced investment
objective with moderate risk, the investments have shown a 32.4% increase over the year with changes being made
within the porttolio.

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Flnan¢lal r¢vl¢w
Total income for the year was £474,046 compared with £476,507 in the previous year and total expenditure was
£498,070 compared with £495,701 in the previous year.
Realised and unrealised gains on investments assets in the year were £2.017 compared to £8,220 in the previous
year.
Overall nel expenditure for the year was £21,838 induding net expenditure of £17,403 relating lo unrestricted funds
with nel income of £9,803 relating to Teslricled funds and net expenditure of £14,238 relating to permanent
endowment funds,
Principal funding sources and expenses
Broadlands. rnain source of income is from rent paid by residents. whith ha5 historically been kept low. The main
expenses are w8ges Ithe Trustees have always tried to Pay the muGh valued staff a rale higher than support
workers receive locally) also food provision and repairs and renewals on a building over 100 years old as well as
general operating expenses.
The charity received £1,236 under the Coronavirus Job Retention Scheme lo assist wvch the wst of wages in the
year as a result of the pandemic.
A Government backed 'Bounce Back. loan of £50.000 was introduced in December 2020 to assist the charity's cash
flow as it was identified that there would be a shortfall from March 2021. Repayments have now started leaving a
balance of £47,640 at the year end.
Re5erve5 policy
11 is the policy of the charity Ihal unre5trrcted funds which have nol been designated for a specific use should be
maintained al a level equivalent lo al least iwo months gros5 expenditure. The tru51ees considers that reserves al
this levtsl will ensure that. in the event unexpected revenue requirements. they will be able to continue the charity's
cur￿nt activities while consideration is given to ways in which additional funds may be raised. This level of reserves
has been maintsined throughout the year.
Net Current assets at the year end amounted to £99,833 and there a￿ investments held, which could be sold rf
needed, with a market value of £56,218 at 31 hAarch 2022. The amount of reserves held at the end of the year is
considered to be consistent with the level of reserves identified by the truslees as appropriate given their plans for
the fulure activities of the charity.

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Slgnlflcant events durlng the year
Due to Ihe continued threat of the corona virus we have kept ￿reful eye on keeping our residents safe by restri¢ting
visits from relatives and carers and inskntuknng stricl infeclion control measures. Again this year, the dedication of all
the staff was exemplary and the irustees are indebted to the whole staff team.
Due lo the pandemic nothing of significance happened in Ihe year as it was a case of making sure that all the
residents were as safe as possible.
Occupancy rates are budgeted for at 88% bul due to the pandemic as rooms emplied there was not any opportunity
to fill those rooms. Moving forwards this is something that will try to be rectified as there are 14 rooms empty at
present.
Older people are now encouraged to stay in their own home wtih suppM)rt from the wmmunty services and by the
lime that they are ready to give up their home their health issues require mowng into a care home rather than
supported living at Broadlands. Advertising and promotion at community events are ongoing, a￿hoUgh this has been
difficult due lo the pandemic.
Broadlands rents are very competitive and the trustees are l(M)king into raising rents over a four year period so that
by 2024 all rooms wll be at a rent of £400 a5 will all new 0￿￿panCIeS from now on.
The local mentsl health service5 regu18rfy want to pla￿ dienls wth mental issues in Bro¥dl8nds bul the manager
interviews 811 potential Clients with a view lo ensuring that behaviours do not adversely affect other residents.
Investment policy and objectives
The trustees, investment policy is lo maintain and enhance the real value of their investments by investing in a
portfolio comprising equities, fixed income stocks and cash. The portfolio has been pla￿d in the name of the
stockbrokers Inveslec nominees and is managed by them in an advisory role. The trustees have selected a
balanced investrnenl objective wth rrK)derale risk which wll be rewewed on a regular basis.
The Iru51ees operate an ethical investment policy in relation to the chariws Portfolio of investrnenls managed by
Investec.
Principal risks and uncertainties
The trustees has assessed the major risks lo which the charity is exposed, and are satisfied that systems are in
place lo mitigate exposure to the major risks.
The trustees and senior members of the staff tske great care lo ensure the operation of the home conforms to
health and safety legislation and there is regular monttoring in this connection. The trustees are sats"sfied that there
are adequate systems lo minimise financial risks. There 15 an annu81 budgeting process and meetings are held bi-
annually lo review income and expenditure and if appropriate take remedial action.

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Plans for fvture perlods
AITMS and key objectives ft)r future periTods
Broadlands has provided supported living for over 75 years and will continue to do so.
The charity will continue to provide affordable accommodation, excellent meals and faalities whilst at the same lime
keeping all income and costs under constant review to ensure the long lemi future of Broadlands.
The charity aims to fill the unoccupied rooms and then Icw)k to enhan￿ the Broadlands experience wf(h the decor
and maintenance.
Structure, govemance and management
The charity is a company limtted by guarantee govemed by its Memorandum and Articles of Asswiation dated 11
October 2004. 11 is registered as a charity with the Charity Commissione￿.
The trustees, who are also the directors for the purpose of company law. and who served during the year and up to
the date of signature of the financial statements were=
M Snell
A Rice
E Stacey
I S J Dobbin
Rev D Crou¢her
P J Conrad (Chairl
{Resigned 18 June 20211
{Resigne(111 November 20211
Recruitment and appointment of trustees
New trustee appointments a￿ proposed by existing twstees and aprx)inted by vote at a general meeting. Trustees
are not reqLJired lo be members of the ¢harity. The minimum number of Irustees is five and the maximum number
818vèn. Under certain circumstancès a member. who is not a trustèe. may also propos& a person for appointment
as a trustee. One third of the trustees retire by rotation at èach annual general meeting along with any trusteas
appointed since the previous annual general meeting. Retiring trustees may then be re-elected by the meeting.
Qualifying third party indemnity provisions
The charity maintains a third party indemnity Insuran￿ policy for the benefit of the trustees. The policy was in for
during the year and remains in for￿ at the time of approval of this report.
None of Ihe truslees has any beneficial interest in the company. All of the trustees are members of the wmpany and
guaranlee to contribLJte £10 in the evenl of a winding up.
Organisational structure
The manager. S Cutler. is responsible for the day-t(￿aY running of the home. assisted by the administrator, J
A¢kroyd. They meet with a trustee member at least monthly. consulting about any issues arising. All major decisions
regarding the home, including the aprN)intment of senior stsff are made by ￿presen￿tiveS of the trustees.
The Chaim)an and Vice Chaim)an are available to be conts¢ted by the manager or administrator at any reasonable
time to deal ¥Mth Ljrgent issues. Both live locally.

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Trustees are asked to make two wsits eath year to Broadlands, as well as Board meetings. to spend time with
residents and staff and to complete a questionnaire on their visit. This means one of the trustees will be visiting the
home ea¢h month. With this being an unusual year due to the global pandemi¢, visiis have not been regular,
trustees have been kept up to dale by staff.
Bi monthly meets'ngs of the trustees are held with the Senior Management Team lo review the financial report and
discuss r[￿)M occupancy. building and equipment maintenan￿. staff and residen￿ issues.
The Chair and VI￿ of the Board meet with the management team monlhly to review the above issues. This has
been difficult due to Covid, but regular contact has been made even rf not with a physical presence.
Inductlon and tralnlng Of trustses
Following appointment all tnjstees are referred to Ihe infomiation available on the Charity Commission website page
hltps.'IlwwN.gov.uklgovernmenVpublicationslthe-essential-Irustee-what-you-need-tO-know-cc3 in order to appraise
them of their dulles and restK)nsibilities as trustees. They are also encouraged to discuss the affairs of the charity
with other trustees in order to obtain a full understanding of the objectives of the charity and how these are met.
Remuneration of the ¢harity's key management petsonnel
Pay and remuneration of the ¢hariVs key management personnel is detemiined by the trustees 8$ part of an
annual budgeting pro¢ess that in¢ludes a review of pay and conditions for all members of staff within the
organisab'on.
The Trustees report was approved by the Board of Trustees.
@ 20".08
P J Conrad (Chairl
Trustee
Date..

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2022
The trustees, who are also the directors of Broadlands Homes Limited for the purpose of company law, are
responsible for preparing the Trustees Report and the financial statements in a¢¢ordan¢e with applicable law and
United Kingdom A¢¢ounting Siandards (United Kingdom Generally A￿epted Accounting praCti￿1-
Company Law requires the irustees to prepare financial sialements for each financial year which give a true and fair
view of the slate of affairs of the charily and of the incoming resources and application of resources, including the
income and expenditure, of the charitable company for that year.
In preparing these finanaal statements, the trustees are required to..
select suitable accounting policies and then apply them consistenlly..
- observe the methods and prinaples in the Charities SORP..
make judgements and estimates that are reasonable and prudent-
slate whether applicable UK Accounting Standards have b￿n followed. subject to any material departures
disclosed and explained in the financial statements., and
prepare the financial ststements on the going ¢xJncem basi5 unless tt is inappropriate lo presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate 8¢counb"ng records that ¢Jisclose with re8s0nable 8¢¢ur8cy al
any time the financial position of the ¢harty and enable them to ensure that the financial slalemenls comply with the
Companies Act 2006. They are also ￿sponsible for safeguarding the assets of the ¢harily and hence for taking
reasonable steps for the p￿ventiOn and deteth.on of fraud and other irregularities.



DA Thatcher - Lentells Ltd Countersigned on 09/08/22 @ 06:24 




BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
All Incom¢ fund$
2022
2021
Gross income
Gains on investrnenls
474,046
2.017
476,507
8,220
Total income in the reporting period
476,063
484.727
Totsl expenditu￿ from income funds
483.663
480,635
Net lexpenditure)lincome for the year
17.6001
4,092

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
Current financlal year
Unrestricted Restricted Endowment
funds
funds
nds
2022
2022
2022
Total
Total
2022
2021
Income from-
Donatlons. grants and legacies
Charitable activities
Other trading activities
Investments
1.236
454,310
7,161
713
10,626
11,862
454,310
7.161
713
3.681
464,702
7,186
938
Total income
463,420
10.626
474,046
476,507
nditure on=
Raising funds
Charitable activities
Other
588
476,871
5,381
588
477,694
19,619
778
474,429
20,494
823
12
14,238
Total resources expended
482,840
823
14,238
497.901
495,701
Net gainslllossesl on investments
11
2.017
2.017
8,220
Net movement In funds
117,4031
9.803
(14,238)
121,8381
110,9741
Fund balances brought forward
159,285
2.653
289,385
451,323
462,296
Fund balances carried forward
141,882
12,456
275,147
429,485
451,322
The stslemenl of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The comparative figures forthe pri￿ peri(xl ale shown on the next page.
10-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Prlor financlal y$ar
Unrestricted Restricted Endowment
funds
nds
funds
2021
2021
2021
Total
2021
Noles
Income from-
Donatlons. grants and legacies
Charitable activities
Other trading activities
Investments
3.484
464.702
7.186
938
197
3.681
464,702
7,186
938
Total income
476.310
197
476,507
nditure on=
Raising funds
Charitable activities
Other
778
470,959
5,428
778
474,429
20,494
3.470
12
15,066
Total resources expended
477.165
3,470
1 S.066
495,701
Net gainslllossesl on investments
11
8.220
8,220
Net movement In funds
7.365
{3,273)
115,0661
110,9741
Fund balances brought forward
151,920
5,925
304,451
462,296
Fund balances carried forward
159.285
2,652
289,385
451,322
The statement of financial activities incfudes all gains and10&8es recognised in the year.
All income and expenditure derive from continuing activities.
11

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
BALANCE SHEET
ASAT31 MARCH2022
2022
2021
Flxed assets
Tangible assets
Investments
13
14
311,485
56,218
330,669
42,460
367,703
373,129
Current a$$et$
Stocks
Debtors
Cash at bank and in hand
17
16
1,600
8,595
126.420
1,600
7,151
135,638
136,615
144,389
Creditor5.' amounts falling due within
one year
19
{36,7821
119,5291
Net current assets
99,833
124,860
Total assets les$ ¢uront liabilities
467,536
497,989
Creditors.. amounts falling due after
more than one year
20
{38,0511
146,6671
Net assets
429,485
451,322
Capital funds
Endowment funds
Income funds
Restricted funds
Unrestricted funds
21
275.147
289,385
22
12,456
141.882
2,652
159,285
429,485
451,322
12-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
BALANCE SHEET (CONTINUED)
ASAT31 MARCH2022
The company is entitled to the exemption from the audil requirement Contsined in section 477 of the Companies Act
2006. for the year ended 31 March 2022.
The directors acknowledge their responsibil￿"eS for ¢x)mplwng wrth the requirements of the Companie5 Act 2006
with respect lo accounting recor¢J5 and the preparation of financial statements.
The members have not required the company lo obtain an audrt of its financial statements for the year in question
in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to Ihe small companies regime.
Thtr financial ststemenls were approved by the Trustees on .--- .-.--.-.--- .----.-.
..&w&1DrLn810£r￿ @ 20".08
P J Conrad (Chairl
Trustee
Company Registration No. 05273395
13-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Accounting poli¢ies
Charity infomiation
Broadlands Homes Limited is a private company limited by guarantee incorrK>rated in England and Wales.
The registered offi¢e is 12 Ponsford Road, Minehead, SomerseL TA24 5DQ, United Kingdom.
Each of the trustees is liable to tt>ntribute an amount not exceeding £10 towards the assets of the charity in
the event of liquidation.
1.1 A¢¢ounting convention
The financial stalemenis have been prepared in accordan￿ with the charity's tgoverning documentl, the
Companies Act 2006, FRS 102 °The Finanual Reporting Standard applicable in the UK and Republic of
Ireland" I"FRS 102.1 and the Charities SORP -Accounting and Repo￿ng by Charities.. Siatement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 JanLJary 20191. The
charity is a Public Benefit Entity as defined by FRS 102.
The finan¢ial statements are p￿pared in steding. which is the fvn¢tional currency of the ¢harily. Monetsry
amounts in these finanual ststements are rounded to the neare* £.
The financial stslements have been prepared under the historical cost convention, Imodified lo include the
revaluation of freehold properties and lo indude investment properties and certain financial instruments al fair
valuel. The principal accounting policies adopted are Sel out below.
1.2 Going concern
Al the lime of approving the financial statements. the trustee5 have a reasonable expectation that the charity
has adequate resources to conb.nue in operational existence for the foreseeable futu￿. Thus the trustees
continue to adopt the going con¢em basis of accounting in preparing the finan¢ial ststemenls.
1.3 Charitable funds
Unrestricted ftjnds are available for use at the discrebon of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by dor)ors as to how they may be used. The purposes and
uses of the restricted fvnds are set out in the notes to the financial statements.
Endowment funds are subject to spectfic corvjitions by donor5 Ihal the caprtal musl be maintsined by the
charity.
1.4 In¢ome
Income is recognised when the charity is legally entiued lo it after any petfomiance conditions have been met,
the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations re￿iVed under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwse rf the charity has been notified of an impending dislribulion,
the amount is known, and re￿ipt Is expecte(l. If the amount is not kn¢)wn. the legacy is Irealed as a
conlingenl asset.
14-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies
(Continued)
1.5 Expenditur
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
that settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate sirnilar cL)sts to that category. Where costs can not be directly attributed to
particular headings they have been allocated on a basis consistent wtth the use of resources, with central staff
costs allocated on the basis of time spent, and deprecjation charges allocated on the proportion of the assefs
use. Other supports costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntsry income. the management of investments and those incurred in
trading adivities that raise funds.
Charltabl• actlvltlès
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It indudes both costs that can be allocated direcily to such activities and those
costs of an indirect nature necessary to suptK>rt them.
Support costs
Supports costs include central functions and have been allocated to activity cost categories on a basis
consistent with the use of resources, for example. allocating property costs by floor areas, or per capita, staff
costs by the time spent and other costs by their usage.
Governance costs
These indude the costs attributable lo the Charit￿s ￿mplIance wtih constf(utional and statutory requirements
including independent examination, strategic management. trustees meetings and reimbursed expenses.
1.6 Tangible fixed assets
Tangible fixed assets are inits'ally measured at cost and subseouenuy measured at cost or valLJation, net of
depreciation and any impairment losses. Individual fixed assets costing £200 or more are capitalised.
Depreaation is recognised so as to wrile off the cost or valualion of assets less their residual values over their
useful lives on the following bases..
Freehold land and buildings
Fixtures and fitting5
Furniture and equipment
Computers
Straight line 25 to 50 years
Straight line 10 to 20 years
No depreciation
Straight line 4 years
The gain or loss arising on the disposal of an asset is deterrnined as the drfFeren￿ between the sale proceeds
and the carrying value of the asset, arHJ is recognised in the statement of financjal actmties.
No depre¢i81ion is ¢h8rged on general furnrture and equipment 85 replacements of those rtems are treated as
revenue expenditure and written off in the year they are irujrred.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction Pri￿ exduding transaction costs, and are
subsequently measured at fair value at each rew)rbng date. Changes in fair value are recognised in net
incomellexpenditurel for the year. Transaction costs are expensed as incurred.
15-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies
(Continued)
1.8 Impairmont of fixed assets
Al each reporting end date, the charity reviews the carying amounts of its tangible assets lo determine
whether there is any indication that those assets have SLrffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimaled in order to detemiine the extent of the impairment
loss Irf any).
1.9 Stocks
Stocks are ststed at the lower of Cost and estimated selling pri￿ less Costs to Complete and sell. Cost
comprises direct materials and, Whe￿ applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their presenl location and condition. Ilems held for distribution at no or
nominal consideration are measured the lower of repla￿ment cost and cosl.
Net realisable value is the estimated selling pri￿ less all estimaled ujsts of completion and costs to be
incurred in marketing, selling and dislribution.
1.10 Cash and cash oqulval•nts
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid
investments with original maturities of Ihree months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.11 Flnan¢lal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Finanual Instnjments, and Section 12
'Olher Financial Instruments Issues. of FRS 102 to all of its financial instnJments.
Financial instruments are recognised in the chariWs balan￿ sheet when the charity becomes party lo the
contractual provisions of the instrument.
Financial assets and liabilibes are offset. wth the net amounts presented in the financial slaterllenls, when
there is a legally enforceable right to set off the rec(KJnised amounts and there is an intention to setue on a nel
basis or lo realise the asset and settle the liabilty simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
transaction price including Iransactron costs and are subsequently carried at arriorti5ed cost using the effective
interest method unless the arrangement constitlrtes 8 financing transaction, where the transaction is
measured al the present value of the future re￿ip1S discounted al a market rale of interest. Financial assets
Classified 85 receiv8ble wthin one year are not amorb"5ed.
Basic financial liabilities
Basic financi81 liabilities. in¢lu¢Jing creditors and bank 108ns are initially recognised al transaction price unless
the arrangement constrtutes a financing Iran5adion. where the debt instrument is measured al the present
value of the future payrnen15 discounted al a market rate of intere51. Financial liabilities ¢lassified as payable
within one year are not amortised.
Debt instruments are subsequenlly carried at amortised cost. using the effective interest rale method.
Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are da￿lfied as ¢urtent liabilities if payment is due within one
year or less. If not, they a￿ presented as non-¢urrent liabilities. Trade ¢reditors are re¢ognised initially at
transaction price and subsequenuy Measu￿ al amorbsed cost using the effective interest method.
16-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies
(Continued)
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's conlractual obligations expire or are discharged or
cancelled.
1.12 Employee bgnefits
The cost of any unused holiday entiuement is recognised ir) the period ir) which the employee's ServI￿S are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
lo lerminale the employment of an employee or to provide termination benefits.
1.13 Retirement benefits
Payments to defined contn"bution retirement benefit ￿herneS are tharged as an expense as they fall due.
1.14 Fund structure
General funds are unrestricted income funds which are available for use at the discretion of Trustees in
furtherance of the general objectives of the charity which have not been designated for other purposes.
17-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2022
2022
2021
Cash flows from operating a¢tivltles
Cash generated from operations
26
4,303
1,729
Investlng a¢tlvitie$
Purchase of tangible fixed assets
Purchase of investments
Proceeds on disposal of investments
Investment income re￿iVed
11331
158,3951
46,654
713
118,1241
16,7781
9,271
938
Net cash used in investing activitie5
111,1611
114,6931
Financing activities
Repayment of bank loans
12,3601
50,000
Net cash (used inllgenerated from
rinancing activities
12,3601
50,000
Nét Id•erèasèlllner•as• In Cash and cash
equivalent$
19,2181
37.036
Cash and cash equivalents at beginning of year
135,638
98,602
Cash and cash equivalents at end of year
126,420
135,638
18-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Crltlcal a¢countlng ¢$timat¢$ and Judgements
In the application of the charty's accounting policies. the trustees are required to rllake judgements, eslimales
and assumptions about the carrying amount of assets and liabilrties that are not readily apparent from other
sources. The estimate5 and as50cialed as5UmPtiOns are based on historical experience and other factors that
ale considered to be relevant. Actual results may ¢Jiffer from these esbmates.
The estimates and undedwng assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are re¢ognised in the period in whi¢h the estimate is revised where the revision affects only that
period, or in the period of the revision and futu￿ ￿riods Whe￿ the ￿viSion affects tK>th Current and fvture
periods.
Donations, grants and legacies
Unrestricted Restricted
funds
funds
Total Unrestricted
funds
Restricted
funds
Total
2022
2022
2022
2021
2021
2021
Donations and gifts
Coronavirus Job
Retention Scheme grants
10,626
10.626
197
197
1,236
1.236
3,484
3,484
1,236
10,626
11.862
3,484
197
3,681
Charitable activities
Fees from
residents
Fees from
residents
2022
2021
Accommodation and welfare
Outsourced ServI￿S for residents
432,525
21,785
434,329
30,373
454,310
464,702
Other trading activities
Unrestricted Unrestricted
funds
funds
2022
2021
Sales of goods and ServI￿S to residents
7,161
7,186
19-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Investm¢nts
Unrestricted Unrestricted
funds
funds
2022
2021
Income from listed investments
Interest receivable
707
914
24
713
938
Charitable activities
2022
2021
Staff costs
Provisions
Outsourced servi￿5 for residents
Rent. water and rates
Heat and light
Insuran
Propety ￿paIrS and maintenance
Telephone
Equipment repairs and renewals
Hire of equipment
Gardening, laundry and cleaning
Advertising
Bank charges
Residents welfare and sundry
Printing, postage and stationery
Legal and professional fees
307,454
29,191
19.565
9,899
25,760
4.538
21.990
1,609
37,368
2.315
5,706
2,370
614
3,694
432
1,589
327,202
30,940
28.221
9,769
26,775
4.209
10,823
1,151
11,182
2,132
5,422
2,072
525
7,586
697
2,123
474,094
470,829
Share of governance costs {see note 8)
3,600
3,600
477,694
474,429
Analysis by fund
Unrestricted funds
Restricted funds
476,871
823
470,959
3,470
477,694
474,429
-20-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Support ￿$ts
Support Govemance
costs
costs
2022Support costs Govemance
costs
2021
Independent Examination
fees
Accountancy
Companies House filing
fee
720
2.867
720
2.867
720
2,867
720
2,867
13
13
13
3,600
3,600
3,600
Analysed between
Charitsble a¢tivities
3,600
3,600
3,600
Trustees
None of the trustees lor any persons connected wth them) received any remuneration or benefits from the
charity during the year.
10 Employees
The average monthly number of employees during the year was:
2022
Number
2021
Number
20
22
Employment costs
2022
2021
Wages and salaries
Social security costs
Other pension costs
274,602
19.186
12,889
298,957
15,259
12,434
307.454
327,202
Wages and salaries indudes £77712021.. £552) in respecl of slaff training and DBS checks.
There were no employees whose annual remuneration was MO￿ than £60,000.
21

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
11
Net galnsl{loss¢$} On inv¢$tments
Unrestricted Unrestricted
funds
funds
2022
2021
Revaluation of investments
Gainlllossl on sale of investments
{2,1771
4,194
5,854
2,366
2,017
8,220
12 Other
Unrestricted Endowment
funds
funds
general
2022
Total Unrestricted Endowment
funds
funds
general
2021
Total
2022
2022
2021
2021
Nel loss on dispos81 of
lamgible fixed assets
Depreciab'on of tangible
fixed assets
Financing costs
382
382
5,079
302
14.238
19.317
302
5,046
15,066
20,112
5,381
14238
19.619
5,428
15,066
20,494
-22-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
13 Tangible fixed assets
FreÈhold land FixiurÈs and Furniture and
and bulldings
fittings
e4UiPrnÈnt
C¢)mputsr6
Total
Cost
At 1 April 2021
Additions
Disp0s81s
605.916
4.974
195,695
1,937
133
14501
808,522
133
14501
Al 31 March 2022
605.916
4.974
195,695
1,620
808,205
Depreciation and impaimient
At 1 April 2021
Depreaation charged in the year
Eliminated in respect of disposa15
324,523
14.238
151.486
5,015
477,853
19,317
14501
14501
At 31 March 2022
338.761
156,501
1,458
496,720
Carrying amount
At 31 March 2022
267.155
4.974
39.194
162
311,485
Al 31 March 2021
281.393
4.974
44,209
93
330,669
14 Fixed asset investments
Listed
investments
Cost or valuation
Al 1 April 2021
Additions
Valuation changes
Disposals
42,460
58.395
12,1771
142,4601
At 31 March 2022
56,218
Carrying amount
At 31 Mar¢h 2022
56,218
Al 31 March 2021
42,460
Lisld investments induded above..
2022
2021
Lisld investments Carrying amount
58,218
42,460
-23-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
14 Fixed asset investments
(Continued)
Fixed asset investments revalued
The listed investment as included at the market value per the valuation report from Inveslec Wealth and
Investment Ltd at the balan￿ sheet date.
15 Financial instruments
2022
2021
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
56.218
42,460
16 Debtors
2022
2021
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
4.152
4.443
4,424
2,727
8.595
7,151
17 Stocks
2022
2021
Provisions and other consumables
1.600
1,600
18 Loans and overdrafts
2022
2021
Bank loans
47,640
50,000
Pay8ble within one ye8r
Payable after one year
9,589
38,051
3,333
46,667
The 108n relates to a Govemmenl b8¢ked 'Bounce Bad(, loan which has 8 totsl repayment period of 6 years,
with no capital or interest repayments falling due in the first year. Interest 15 charged on the loan a12.5%.
-24-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
19 Credltors: amounts falllng du¢ wlthln one year
2022
2021
Notes
Bank loans
Other tsxation and S￿la1 security
Trade creditors
Accruals and deferred income
18
9.589
12
21,312
5.869
3,333
12
10,668
5,516
36,782
19,529
20 Creditors: amounts falling due after more than one year
2022
2021
Notes
Bank loans
38,051
46,667
21 Endowment funds
Endowment funds represent assets which must be held perrnanently by the charity. In¢J)me arising on the
endowrnenl funds be used in accordan￿ wth the objects of the charity and is included a5 unrestricted
inwme. Any ¢8pilal g8ins or losses arising on the assets forTn part of the fun¢J.
Balance at
1 April 2020
Resourcgs
expended
Balance at
1 April 2021
Resources
Balance at
expended 31 March 2022
Permanent endowments
Propety
304.451
{15.0661
289,385
114,2381
275,147
304,451
{15,0661
289,385
114.2381
275.147
The perTn8nent endowment fund repTe5ents the original property and land purchased with donations lo the
charity Minehead. Walchel and Williton Homes for ages persons and the subsequent 8ddilions and
improvements lo that property. This remains the property of Minehead. Walchel and Willilon Homes for Aged
Persons and is included in these a¢¢ounts under the unib.ng DI￿¢b"on dated 22 January 2007.
-25-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Restrlct¢d funds
The in¢x>me funds of the charity include restricted fund5 comprising the following unexpended balan￿S..
Movement in funds
Incomlng
Resour¢8s
Balance at
expendod 1 April 2021
Movement in funds
Incoming
Resources
Balan¢8 at
resources
expended 31 March 2022
Balance at
l April 2020
Residents
funds
5.925
197
{3,4701
2,653
10,626
18231
12,456
Restricted funds are funds th81 are lo be used in 8ccordan¢* with 5pecifi¢ restricb.ons Imposed by donors or
which have been raised by the charity for parb"cular purposes. The costs of raising and administering any such
funds are charged against the fund in question.
The 'Residents funds, fund is wnaintsined for the purpose of hokling funds donated spe¢ifically for funding
activities for the residents at BroadlarKIs.
-26-

0>00
¢DVQ¢D
0>0￿(0
U) *%) m-
<0 oi co
Ln t7J (fj
r*) p4 W
(0￿￿)
P)ID ff)
* ffi 15) Oi
¢fJQO

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
24 Op¢rating lease commitments
At the reporting end date the charity had outstanding commitmenls for future minimum lease payments under
non-cancellable operating leases, which fall due as follows=
2022
2021
Within one year
Betr￿een two and five years
In over five years
2,236
8.755
2,006
2,606
8,755
4,195
12,997
15,556
25 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
2022
2021
Aggregate compensation
62.871
63,215
26 Cash generated from operations
2022
2021
Deficit for the year
121,8381
110,9741
Adjustments for..
Investment income recognised in stalemenl of finanual acbvities
(Gainyloss on disposal of tangible fixed assets
Gain on disposal of investments
Fair value gains and losses on investments
Depreaation and impaiment of langible fixed assets
17131
19381
382
12.3661
15,8541
20,112
14,1941
2,177
19,318
Movements in working capital=
Ilncreasel in stocks
Ilncreaselldecrease in debtor5
Increasellde¢reasel in Creditors
14001
5,360
13,5931
11,4441
10,997
Cash generated from operations
4,303
1,729
-28-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
27 Analysis of ¢hange$ in net fvnds
At 1 April 2021
Cash flowsAt 31 March 2022
Cash al b8nk and in h8nd
135,638
19,2181
126,420
Loans falling due wthin one year
Loans falling due after more than one year
13,333}
146,667)
16,2561
8,616
19,5891
138,0511
85,638
16,8581
78,780
-29-