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 2023
Lentells
Chartered Certified Accounianis

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
LEGAL AND ADMINISTRATIVE INFORMATION
Tw$t¢¢s
hA Snell
A RI￿ {Chairl
I S J Dobbin
P J Conrad IWi¢e Chairl
R Bevers
(Appointed 16 August 20221
Se¢￿tary
J Ad(royd
Charity number
1106837
Company number
05273395
Registered office
12 Ponsford Road
Minehead
Somersel
Uniled Kingdom
TA24 5DQ
Independent examiner
D A Thatcher FCCA
Ash House
Cook Way
Bindon Road
Taunton
Somerset
TA2 6BJ
Bankers
National Westminster Bank PLC
Minehead Branch
9 The Parade
Minehead
Somerset
TA24 5ZD
TSB Bank PLC
Minehead Bran
19 The Parade
Minehead
Somer5et
TA24 SLU
Solicitors
Messrs Risdon Hosegood
18 FO￿ Streel
Williton
Taunton
SomeT5et
TA4 4QD
Investment advisors
Investec Wealth and Investment 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
Summary income and expenditure account
10
Balance sheet
Statement of cash flows
13
Notes to the finanual ststements
14-29

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
TRUSTEES REPORT {INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their annual and finan(ial ststements for the year ende(J 31 March 2023.
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 2023 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 DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
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 8.1% decrease over Ihe year with minimal changes
being made within the portfolio.

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
TRUSTEES REPORT {INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Flnan¢lal r¢vl¢w
Total income for the year was £460,440 compared with £474,046 in the previous year and total expenditure was
£517,040 compared with £498,070 in the previous year.
Realised and unrealised gains on investments assets in Ihe year were £nil compared to £2,D17 in the previous year,
with an unrealised loss on investment assets in the year of £4.561 compared to £nil in 2022.
Overall nel expenditure for the year was £61,161 including net expendrture of 50,043 relating to unrestricted funds
with nel income of £2,821 relating to Teslricted funds and net expenditure of £13,939 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.
A Govemment ba¢ked 'Boun¢e Ba¢k' loan of £50,000 was introduced in December 2020 to assist the charitys cash
flow as it was identrfi8d that th8rè would be a shortfall from March 2021. Repayments have Continued, leaving a
balancé of £38,OS1 at the year end.
Reserves policy
1115 the policy of the charity that unrestricted funds which have not 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 level will ensure that, in the event unexpected reverhue requirements, they will be able lo continue the charity's
urrenl activities while consideration is given lo ways in which addib.onal funds may be raised. This level of iesetves
has been maintained throughout the year.
Net Current assets at the year end amounted to £52,360 and there a￿ investments held, which Could be sold rf
needed, with a market value of £51.657 at 31 hAar¢h 2023_ The amount of reserves held at the end of the year is
¢onsidered to be Consistent with the level of reserves hdentifhed by the trustees as appropriate given their plans for
the fUtL1￿ activities of the ¢harity.
Significant events during the year
Due to the aftereffecls of Covid we have had to adapt our approach to day-to-day procedures. admissions and
staffing to ensure the continued safety of our clients. vi5ttors and staff. With the e8se of Govemmenl guidelines,
visilalion to supported living setting h¥d changed. ¥llowing more family and friends into the Home. however, the
dedication of 011 stsff remained exemplary, maintsining high levels of IPA and the implementation of ￿levant PPE.
O¢¢upan¢y rates are budgeted for al 88% but due to the last affects of Ihe pandemic, rooms ￿Mained empty for
longer as people were ￿1￿clan1 to enter into multiple o¢¢upan¢y settings.
Within the community, older people are now encouraged to stay in their own home with support from the community
ServI￿S and by the time that they are ready to give up their home, their health issues require moving into a care
home rather than supported living at Broadlands. Adve￿sIng and promotion at community events are ongoing,
although this has been difficult due to the current culture following the pandemic.
Broadlands rents are very competitive and will increase eath year in line with costs.
The local mental health ServI￿S regularfy want to pla￿ dients with mental issues in Broadlands but the manager
interviews all rx)tential clients with a view to ensuring that behaviours do not adversely affect other residents.

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
TRUSTEES REPORT {INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Investment poli¢y and obJe¢tiv¢$
The trustees. investment policy is to maintain and enhan￿ the real value of their investments by investing in a
portfolio comprising equilies, fixed income SIC￿kS and cash. The portfolio has been pla￿d in the name of the
stockbrokers Investec nominees and is managed by them in an advisory role. The trLJStees have selected a
balanced investment objective with moderate risk which will be reviewed on a regular basis.
The trustees operate an ethical investment policy in relation to the Chari￿s portfolio of investments managed by
Inveslec.
Prln¢lpal rlsk$ and uncertalntle$
The tnjstees has assessed the major risks to whith the charity is exposed. and are satisfied that systems are in
place to mitigale exposure to the major risks.
The trustees and senior members of the staff take great care to ensure the operation of the home conforms to
health and safety legislation and there is regLJlar monitoring in this connection. The trustees are satisfied that there
are adequate systems to minimise financial risks. There is an annual budgeting process and meetings are held bi-
annually to review income and expenditure and if appropriate take remedial action.
Plan$ for future p¢rlod$
Aims and key objectives for future periods
Broadlands has provided supported living for over 75 years and will continue lo do so.
The charity will conb'nue to provide afft)rdable accommodation, ex￿lIent meals and facilities whilst at the same lime
keeping all income and costs under constant review to ensure the long lerm future of Broadlands.
The charity aims to fill the unoccupied rooms and then look to erbhan￿ the Broadlands experien￿ with the decor
and maintenance.
L. Williams and J. Ackroyd will focus their efforts on advertising and widening the social media plarform for
Broadlands. Furthermore, they will endeavor lo secure Broadlands. place in the current market following the sectors
ongoing changes, thus aiding lo boost ¢xcupancy. The main drive moving fO￿ard will be to ensure the local area is
aware of what Broadlands has to offer and in the safe manner in which it works to promote independence, dignity
and diversity.
Structure. govemance and management
The charity is 8 company limtted by guar8ntee govemed by its Memorandum 8nd Articles of Asso¢i¥tion dated 11
October 2004. 11 is regISte￿d as a charity with the Charity Commissionets.
The trustees, who are also the directors for the purpose of company law. and who seNed during the year and up to
the date of signature of the financial ststements were=
M Snell
A Rice (Chairl
I S J Dobbin
P J Conrad (VI￿ Chairl
R Bevers
V Wilson
{Appointed 16 August 20221
{Appointed 16 August 2022 and resigned 29 November 20221

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
TRUSTEES REPORT {INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Re¢wltment and appointment of trustees
New trustee appointments are proposed by existing trustees and apwinted by vote at a general meeting. Trustees
are not reqLJired to be members of the charity. The minimum number ol trustees is five and the maximum number
eleven. Under ￿rtain circuMstan￿S a member, who is nol a trustee. may also propose a person for appointment
as a trustee. One third of the trustees retire by rotation at each annual general meeting along with any trustees
appointed since the previous annual general meeting. Retiring Irustees may then be re-elected by the meeting.
Qualifying third party indemnity provisions
The charity maintains a third party indemnity 1nstJran￿ policy for the benefit of the trustees. The rK)licy was in force
during the year and remains in force at the time of approval of this report.
None of the trustees has any benefi￿al interest in Ihe company. AJI of the trustees are members of the company and
guarantee to contribute £10 in the event of a winding up.
Organisational structurè
The manager, L Williams, is responsible for the day-l￿daY running of the home, assisted by the administrator, J
Ackroyd. L Williams took over from previous manager S Cutler in August 2022. L Williams, J Ackroyd and a trustee
member will discuss, either in person or via telephone. any issues arising. Any other business or concems will be
addressed at the allocaled board meeting bi-monthly. All major decisions regarding the home, induding the
appointment of senior staff are made by representatives of the Injstees.
The Chaimian and Vice Chairnian are available to be contacted by Ihe manager or administrator at any reasonable
time to deal with urgent issues. Both live l(Kally.
Al the annual general meeting in August 2022, A RI￿ lojk over as Chaimian from P Conrad, who stepped back to
become Vice Chair.
Truslees are asked lo make visits each year to Broadlands, as well as Board meetings, to spend time with
residents and staff and to complete a questionnaire on their visii. This means one of the trustees will be visiting the
home each month. With the p￿vIOuS years being unusual due lo the global pandemic. visits have not been regular,
however there is encouragement for this is increase again.
Bi monthly meetings of the trustees are held with Ihe Senior Managemenl Team to review the financial report and
discuss r￿M occupancy, building and equipment maintenan￿, staff and residence issues.
The Chair and WI￿ of the Board meet with the managemenl team monthly to review the above issues.
Induction and tralning ¢f trustees
Following appointment all tnjslees are referred lo the infomiation available on the Charity Commission website page
https.'Ilwww.gov.uklgovernmenUpublicationsllhe-essential-trustee-what-you-need-tO-know-cc3 in order to appraise
them of their duties and restx)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 charity's key management personnel is detemiined by the trustees as part of an
annual budgeting pro¢ess that indudes a review of pay and Conditions for all members of staff within the
organisats'on.

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
TRUSTEES REPORT {INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees report was approved by the Board of Trustees.
.SiQn¢dno.J.4￿7I28 @ 15."16
A Rice (Chairl
Trust00
Dale..

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BROADLANDS HOMES LIMITED
I report to the trustees on my examination of the financial ststements of Broadlands Homes Limited (the charity) for
the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the ¢harity land also its dire¢lors for the purposes of Company lawl you are responsible for the
preparation of the finanoal ststements in accordan￿ wth the requiremenis of the Companies Ad 2006 (the 2006
Act).
Having satisfied myself that the financial ststemenls of the charity are not required lo be audited under Part 16 of
the 2006 Act and are eligible for independent examinab"on. I report in respect of my exarnination of the charity's
financial ststements carried out under seGtion 145 of the Charities Act 2011 (the 2011 Actl. In carrying out my
examination I have followed all the appli¢able Directions given by the Charity Commission under se¢tion 14515llbl
of the 2011 Act.
Independent examiner's statement
Since the charity's gross income exceeded £250.000 your examiner musl be a member of a body listed in section
145 of the 2011 Act. l ¢onfimi that l am qualified lo underlake the examination because l am a member of ACCA,
which is one of the listed bodies.
I have completed my examination. I confirm that no r￿att￿5 have ¢x)me to my attention in connection with the
exarnination giving me cause to believe that in any material respect..
accounting rècords wère not kept in resp8Ct of the charity as required by section 386 of the 2006 A¢t,' or
the financial statements do not accord with those records. or
the financial statements do not comply with the acLx)unling requ1￿MentS of section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as part of an
independent examination., or
the financial ststements have not been p￿pared in accordan￿ with the methods and principles of the
ststement of Re¢ommended Pra¢ti¢e for a¢¢ounting and ￿pOrting by ¢harities appli¢able to charities
preparing their ac¢ounts in a¢¢ordan¢e with the Financial Repo￿ng Standard appli¢able in the UK and
RepLJblic of Ireland IFRS 102}.
I have no concems and have come across no other matter5 in connection wth the examination to which attention
should be drawn in this reFK)rt in or(ler lo enable a proper understanding of the financial slalements lo be reached.
81gned on I4107.￿3 @ 1S25
D A Thatcher FCCA
Ash House
CcK)k Way
Bindon R(iad
Taunton
Somerset
TA2 6BJ
Dated..

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Current financial year
Unrestricted Restricted Endowment
funds
funds
fvnds
2023
2023
2023
Total
Total
2023
2022
Income from:
Donations, gr8nls 8nd leg8cies
Charitable activities
Other trading activities
Investments
500
450,857
4,963
1.312
3,308
3,808
450,857
4,963
1,312
11,862
454,310
7,161
713
Total income
457,632
3.308
460.940
474,046
Ex
ndlture on:
Raising funds
588
Charitable activities
497,035
487
497,522
477,694
Other
12
6,079
13.939
20,018
19.619
Total expenditure
503.114
487
13,939
517.540
497,901
Net gainslllossesl on investments
13
14,5611
14.5611
2,017
Net movement in funds
150,0431
2,821
113,9391
161,1611
121,8381
Net movement in funds
150,0431
2,821
113.9391
161,1611
121,8381
Fund balances at 1 April 2022
141,882
12.456
275,147
429,485
451,323
Fund balances at 31 March 2023
91,839
15,277
261,208
368,324
429,485
The ststement of financial activities includes all gains and losses recognise(l in the year.
All income and expendtture derive from continuing actiw"ties.

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Prior financial y8ar
Vnrestricted Restricted Endowment
funds
nds
funds
2022
2022
2022
Total
2022
Noles
Income from:
Donations, gr8nls 8nd leg8cies
Charitable activities
Other trading activities
Investments
1.236
454.310
7.161
713
10,626
11,862
454,310
7,161
713
Total income
463.420
10,626
474,046
Ex
ndlture on:
Raising funds
588
588
Charitable activities
476.871
823
477,694
Other
12
5.381
14,238
19.619
Total expenditure
482,840
823
14.238
497,901
Net gainslllossesl on investments
13
2.017
2,017
Net movement in funds
{17,4031
9,803
114,2381
121,8381
Fund balances al 1 April 2021
159,285
2,653
289,385
451,323
Fund balances at 31 March 2022
141.882
12,456
275,147
429,485

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
All Incom¢ fund$
2023
2022
Gross income
(Lossesygains on investments
460,940
14,561)
474,046
2,017
Total income in the reporting period
456,379
476,063
Totsl expenditu￿ from income funds
503,601
483,663
Net expenditure for the year
147,222)
{7,6001
10-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
BALANCE SHEET
ASAT31 MARCH2023
2023
2022
Notes
Flxed assets
Tangible assets
Investments
15
16
292,526
51,657
311,485
56,218
344.183
367,703
Current assets
Stocks
Debtors
Cash at bank and in hand
17
18
1.600
6,019
77.￿5
1,600
8,595
126,420
136,615
Creditors.. amounts falling due within
one year
20
132.324)
136,7821
Net current assets
52,360
99,833
Total assets less current liabilities
396.543
467,536
Creditors.. amounts falling due after
more than one year
21
128.219)
138,0511
Net assats
368.324
429,485
Capital funds
Endowment funds- general
Income funds
Restricled funds
Unrestricted funds
22
261,208
275,147
23
15,277
91.839
12,456
141,882
368,324
429,485
11

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
BALANCE SHEET (CONTINUED)
ASAT31 MARCH2023
The ¢ompany is entided to the exemption from the audit reqU1￿ment wnlained in section 477 of the Companies Act
2006. for the year ended 31 March 2023.
The director ackno%￿edge5 his responsibilities for ¢x)mplwng wrth the requirewnen15 of the Companie5 Act 2006 wth
respect lo accounting record5 and the preparation of financial statements.
The members have not required the company to obtain an audit of its finanaal statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordan￿ with Ihe provisions applicable to companies subject
to Ihe small companies regime.
The financial statements were approved by the Trustees on .........................
.BJ￿e￿J)r￿.l4xV￿8 @ 15".16
A Rice (Chairl
Tw$tee
Company registration number 05273395
12-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Noles
Cash flows from operating a¢tivltles
Cash (absorbed byllgenerated from
operats'ons
27
141.078)
4,303
Inve$llng a¢tlvltle$
Purchase of tangible fixed assets
Purchase of investments
Proceeds from disposal of investments
Investment income re￿iVed
11331
158,3951
46,654
713
1,312
Net cash generated fromllused inl
investing activities
1.312
111,1611
Financing activities
Repayment of bank loans
{9.589)
12.3601
Net cash used in financing activities
19.589)
12,3601
Net decreas¢ In cash and cash equlvalents
149,355}
19,2181
Cash and cash equivalents at beginning of year
126,420
135,638
Cash and cash equivalents at end of year
77.065
126,420
13-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
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 2023
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 2023
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 2023
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.
Critical accounting estimates and judgements
In the application of the ¢harity's accounting policies. the trustees are required to make judgements, estimates
and assumptions aboul the carrying amounl of assels and liabilities Ihat are not readily apparent from other
sources. The estimates and associated assumptions are based on historicAI experien￿ and other factors that
are considered to be relevant. Actual results may differ from these ests'males.
The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affecls only that
period, or in the peri{￿1 of the revision and fvture periods where the revision affects both current and future
periods.
17-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Charitsbl¢ actl¥ltl¢s
Fèes from
rèsidents
2023
Fees from
rèsidènts
2022
Accommodation and welfare
Outsourced ServI￿S for residents
432,246
18,611
432,525
21,785
450,857
454,310
Other trading activities
Unr¢$trl¢ted Unre$trl¢ted
funds
funds
2023
2022
Sales of goods and seNices to resi¢Jents
4,963
7,161
Investments
Unrestricted Unrestricted
funds
funds
2023
2022
Income from listed investments
Interest receivable
1,047
265
707
1.312
713
Raising funds
Total Unrestricted
funds
2023
2022
Fundraisin
and ublici
Other fundraising costs
588
588
19-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Charitsbl¢ actl¥ltl¢s
2023
2022
Staff costs
Provisions
Outsourced ServI￿S for residents
Rent. water and rates
Heat and light
Insurance
Property repairs and maintenance
Telephone
Equipment repairs and renewals
Hire of equipment
Gardening, laundry and cleaning
Adverbsing
Bank charges
Residents weKare and sundry
Printing, postage and slalionery
Legal and professional fees
338,863
28,491
15,806
10,355
26,931
5,073
23,855
1.626
307,454
29,191
19,565
9,899
25,760
4,538
21,990
1.609
11
22,434
4,313
7,422
3.664
568
1,916
662
1,582
37,368
2,31 S
5,706
2,370
614
3,694
432
1,589
493,561
474,094
Share of governan￿ (x)sts {see note 9)
3,961
3,600
497,522
477,694
Analysis by fund
Unreslri¢ted funds
Reslricted funds
497.035
487
476.871
823
497.522
477.694
-20-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Support ￿$ts
Support Governance
2023
2022
Audit fees
A¢¢ountan¢y
Companies House filing fee
790
3.158
13
790
3,158
13
720
2,867
3,961
3,961
3,600
Analysed beiween
Charitsble activities
3,961
3,961
3.600
10 Trustees
None of the trustees lor any persons connected with them) received any remuneration or benefits from the
charity during the year.
11
Employees
The average monthly number of omployees during the year was:
2023
Number
2022
Number
20
20
Employment costs
2023
2022
Wages and salaries
Social security costs
Other pension costs
308,324
16.643
12,074
278,602
15,186
12,889
338.863
307,454
Wages and salaries indudes £1,82212022= £777) in respect of staff training and DBS checks.
There were no employees whose annual remuneration was MO￿ than £60,000.
21

(W OJ
o rx)
o ro t
17)
¢5> 0 0
0rn¢5)
000

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
13 Net galnsl{loss¢$} On inv¢$tments
Unrestricted Unrestricted
funds
funds
2023
2022
Revaluation of investments
Gainlllossl on sale of investments
{4.561)
12,1771
4,194
{4,561)
2,017
14 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to r(s charitable objects.
15 Tanglble fixed assets
FrÈÈhold land Fithres and FumiturÈ and
and buildings
fittings
e4uipmÈnt
ComputÈrs
Total
Cost
At 1 April 2022
605,916
4,974
195,695
1,620
808,205
Al 31 March 2023
605.916
4.974
195,695
1,620
808.205
Depreciation and impairment
At 1 April 2022
Depreciation charged in the year
338.761
13.939
156,501
4.956
1,458
496,720
18,959
At 31 March 2023
352.700
161,457
1,522
515,679
Carrying amount
At 31 March 2023
253.216
4.974
34,238
98
292,526
Al 31 March 2022
267.155
4.974
39,194
162
311.485
16 Fixed asset investments
-23-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
16 Fixed asset investments
(Continued)
Listad
invastmènts
Cost or valuation
At 1 April 2022
Valuation changes
56,218
14,5611
At 31 Mar¢h 2023
51,657
Carrying amount
Al 31 Mar¢h 2023
51.657
Al 31 March 2022
56,218
Listed invtrslments in(Juded above..
2023
2022
Listed invtrslments carrying amount
51,657
56.218
Fixed asset investments ￿valUed
The listed investment as included at the market value per the valuatson report from Investec Wealth and
Investment Ltd at the balan￿ sheel date.
17 Stocks
2023
2022
Raw materials and consumables
1.600
1,600
18 Debtors
2023
2022
Amounts falling dua within one year:
Trade debtors
Prepayments and accrued income
1,930
4,089
4,152
4,443
6,019
8.595
-24-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
19 Loans and overdrafts
2023
2022
Bank loans
38.051
47,640
Payable within one year
Payable after one year
9.832
28,219
9,589
38,051
The loan relates to a Govemment backed 'BOUn￿ Back. loan which has a total repayment period of 6 years,
with no capital or interest repayments falling due in the first year. Interesl is charged on the loan at 2.5°/..
20 Credltors: amounts falllng due wlthln one year
2023
2022
Notes
Bank loans
other tsxation and sLKial security
Trade creditors
Accruals and deferred income
19
9.832
12
18,712
3,768
9,589
12
21.312
5,869
32,324
36.782
21 Creditors: amounts falling due after more than one year
2023
2022
Notes
Bank loans
19
28,219
38,051
-25-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Endowment fvnds
Endowment funds represent assets which must be held permanently by the charity. Income arising on the
endowrnenl funds can be used in accordan￿ bwth the objects of the charity and is included as unrestricted
income. Any capital gains or losses arising on the assets form part of the fund.
Movement
in funds
Resourc05
Balance at
expended 31 March 2023
Balanu at
1 April 2021
Resovrces
Balance at
expended 1 April 2022
Pemianent endowments
Propety
289.385
{14.2381
275,147
113,9391
261,208
289,385
{14,2381
275,147
113.9391
261.208
The permanent endowment fund represents the original property and land purchased with donations lo the
charity Minehead. Walchel and Williton Homes for ages persons and the subsequent additions and
improvements lo that property. This remains the property of Minehead. Walchel and Willilon Homes for Aged
Persons 8nd is included in these accounts urKlerthe Uniting Direction ¢Jated 22 January 2007.
23 Restricted funds
The income funds of the charity indude restricted fijnds comprising the following unexpended balances..
Movement in funds
Movement in funds
Balance at
1 April 2021
Incoming
Balance at
expended 1 April 2022
Incorning
resources
Resource5
Balance at
Exppnded 31 MarGh 2023
Residents
funds
2.653
10.626
(8231
12,456
3,308
14871
15,277
Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or
which have been raised by the charity for particular purposes. The costs of raising and administering any such
funds are charged againsl the fund in question.
The 'Residents funds. fund is mainlained for the purpose of holding funds donated specifically for funding
activities for the residents at Broadlands.
-26-

oi
Ln o (rj
r*)
(0￿￿
P) ID ff) Ln
* a) cry
(omoo)
ry￿(0
¢JD Ln ￿ (y
r*) (ry
(0￿0￿)
p) c

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
25 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=
2023
2022
Within one year
Betr￿een two and five years
In over five years
2,323
9.097
2,236
8,755
2,006
11,420
12,997
26 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
2023
2022
Aggregate compensation
65.892
62,871
27 Cash generated from operations
2023
2022
Deficit for the year
161,1611
121,8381
Adjustments for..
Investment income recognised in stalemenl of finanual acbvities
Gain on disposal of investments
Fair value gains and losse5 on investments
Depreaation and impaimient of tangible fixed assets
11,3121
17131
14,1941
2.177
19,318
4,561
18,958
Movements in working capital-
Decreasellincreasel in debtors
IDecreaseYincrease in creditors
2,576
14,7001
11,4441
10,997
Cash (absorbed byygenerated from operations
141,0781
4,303
-28-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
28 Analysis of ¢hange$ in net fvnds
At 1 April 2022
Cash flowsAt 31 March 2023
Cash al b8nk and in h8nd
126,420
149,3551
77,065
Loans falling due wthin one year
Loans falling due after more than one year
19,589}
138,051}
12431
9,832
19,8321
128,2191
78,780
139,7661
39,014
-29-