Charity Registration 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 2025
Lentells
Chartered Certified Accountants

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
A Rice (Chair)
I S J Dobbin
R Bevers
J Rowden (Vice Chairl
(Appointed 20 April 2024)
Secretary
J Ackroyd
Charity number (England and Wales)
1106837
Company number
05273395
Reglstered offlce
12 Ponsford Road
Minehead
Somerset
United Kingdom
TA24 5DQ
Independent examlner
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 Branch
19 The Parade
Minehead
Somerset
TA24 SLU
Solicitors
Messrs Risdon Hosegood
18 Fore Slreet
Williton
Taunlon
Somerset
TA4 4QD
Investment advisors
Rathbones Group PIC
30 Gresham Street
London
EC2V 7QN

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
CONTENTS
Page
Trustees report
Independent examiner's report
Statement of financial activities
Summary income and expenditure account
10
Balance sheel
Statement of cash flows
13
Notes to the financial statements
14-26

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance wilh the accounting policies sel out in note 1 to the
financial statements and comply with the charity's Memorandum and ArtIGles the Companies Act 2006 and
"Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effective 1 January 2019)"
Background information
Broadlands was established in 1945 to 'provide a home or homes for aged persons within the Minehead, Walchet
and Williton area...
and although now the language has changed, 'lo provide supported living to the elderly retired...
the objective remains unchanged.
Broadlands Homes Limited was incorporated as a charitable company on 29 October 2004 and took over the
activities of Minehead, Watchet and Williton Homes forAged Persons (charity number 230187) on 1 April 2006.
The Charity Commissioners for England and Wales issued an Order, dated 22 January 2007, under which
Broadlands Homes Limited was appointed trustee of the charitable trust Minehead, Watchet and Williton Homes for
Aged Persons. Under the Order, tille of the land and property known as Broadlands was also transferred to the
charitable company to be held in trust for the charitable trust. The land and property remains the permanent
endowment of the charitable trust Minehead, Watchel and Williton Homes for Aged Persons.
Under the Uniting Direction dated 22 January 2007 the charitable trust Minehead, Watchet & Williton Homes for
Aged Persons is to be treated as forming part of the charitable company Broadlands Homes Limited for the purpose
of accounting as described by Part Vl of Ihe Charities Act 1993 (Part 8 of Ihe Charities Acl 2011) and these
accounts incorporate Ihe financial aclivities, liabilities and funds of both Broadlands Homes Limited and Minehead,
Watch8t and Williton Homes for Aged Persons.
The objectives of the charilable trust Minehead, Watchet and Williton Homes for Aged Persons, being provision of a
home or homes for aged persons wilhin the Minehead, Watchet and Wllliton area, fall wilhin the objectives of
Broadlands Homes Limited as delailed below.

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Objectives and activities
The charity's objectives are to establish, operate and maintain accommodation with full board for elderly 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 themselves, but if not, an outside registered care provider attends the
home to provide care, in the form of personal care and medication, which is paid for by the resident. When personal
care reaches beyond a basic limit residents move on lo other separate care homes or hospital.
Achievement of the charity's aims is measured in terms of the level of occupancy and length of stay of our
residents, together with feedback from slaff and residenls at regular meelings with the senior management team.
One of the trustees aims to attend a meal at Broadlands on a monthly basis with a view to observing the running of
the home, the welfare of residents and the interaction of staff with the residents.
The charlty does not use soclal investment or provlde grants. All the trustees are volunteers.
Publlc Beneflt
The long eslablished legal principle is, Ihat to enjoy charitable slatus Broadlands must exisl for a purpose which is
beneficial to the community and it achieves this by
advancing health and assisting the agedldisabled.
The trustees have paid due regard to guidance issued by the Charily Commission of England and Wales in deciding
what activit18S the charity should und8rtake and comply with th8 requirem8nts of section 4 of the Charities Act 2011.
Achlevements and performance
The Trustees have adopted a policy to continue with th8 improv8m8nt of facilities in resid8nls' accommodation by
replacing baths with showers ensuite to all rooms.
Regular resident and staff meelings were held during the year to provide information and receiv8 comm8nls.
Residenls were able to express their views and see their suggestions acted upon. Suggestions from slaff to help
improve the object of providing a friendly, happy and homely residence were welcomed and where appropriate were
implemented.
Broadlands is held in high regard in the local communily. 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 lo the portfolio of investments managed by Inveslec, the trustees have selected a balanced investment
objective with moderate risk, the investments have shown a 0.40/0 increase over the 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 2025
Financial review
Total income for the year was £714,591 compared with £650,516 in the previous year and total expenditure was
£723,876 compared with £606,449 in the previous year.
Realised and unrealised gains on investments assets in the year were £233 compared to £2,743 in the previous
year, with an unrealised loss on investment assets in the year of £nil compared to £nil in 2024.
Overall net loss for the year was £9,052 including a net loss of £6,176 relating to unrestricted funds with net income
of £10,000 relating to restricted funds and net expenditure of £12,876 relating to permanent endowment funds,
Principal funding sources and expenses
Broadlands, main source of income is from renl paid by residents, which has historically been kept low. The main
expenses are wages {the Trustees have always tried to pay the much valued staff a rate 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 Government backed '8ounce Back, loan of £50,000 was introduced in December 2020 to assist the charity's cash
flow as it was identified that there would b8 a shortfall from March 2021. Repayments have continu8d, leaving a
balance of £18,139 at the year end.
Reserves pollcy
It is the policy of Ihe charily Ihat unreslricted funds which have nol been designaled for a specific use should be
maintained at a18vel equivalent to at18ast two months gross 8xpenditure. The trust88s consid8rs that r8S8rves at
this level will ensure that, in the event unexpected revenue requirements, they will be able to continue the charity's
current activilies while consideration is given to ways in which addilional funds may be raised. This level of reserves
has been maintained throughout the year.
Net current assets at the year end amounted to £101,567 and there are investments held, which could be sold if
needed, with a market value of £54,633 at 31 March 2025. The amount of reseNes held at the end of the year is
considered lo be consislent with the level of reserves identified by the trustees as appropriate given their plans for
the fulurè activities of Ihe charity.
Significant events during the year
Due to the after effects of Covid we have had to adapt our approach lo day-to-day procedures, admissions and
staffing to ensure the continued safety of our clients, visitors and staff. With the ease of Government guidelines,
visitation to supported living setting had changed, allowing more family and friends into the Home, however, the
dedication of all staff remained exemplary, maintaining high levels of IPA and Ihe implementation of relevant PPE.
Occupancy rates are budgeted for at 88 %.
Within the community, older people are now encouraged to slay in their own home with support from the community
services 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 al Broadlands. Advertising and promotion at community events are ongoing,
although Ihis has been difficull due to the current culture following Ihe pandemic.
Broadlands rents are very competitive and will increase each year in line with costs.
The local mental heallh services regularly want to place clients with mental issues in Broadlands but the manager
interviews all potential 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 2025
Investment policy and objectives
The trustees, investment policy is to 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 placed in the name of the
stockbrokers Investec nominees and is managed by them in an advisory role. The trustees 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 charity's portfolio of investments managed by
Rathbones.
Principal risks and uncertainties
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in
place to mitigate exposure lo the major risks.
The Iruslees 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 regular moniloring in this conneclion. The Iruslees are salisfied Ihat there
ar8 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.
Plans for future periods
Alms and key objectlves for future perlods
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 facilities whilst at the same time
keeping all income and costs under conslant review to ensure the long term future of Broadlands.
The charity aims to fill th8 unoccupied rooms and then look to enhance the Broadlands experience with the decor
and maintenance.
L. O'Grady and J. Ackroyd will focus their efforts on advertising and widening the social media plafform for
Broadlands. Furthermore, they will endeavor to secure Broadlands, place in the current market following the sectors
ongoing changes, thus aiding to boost occupancy. The main driv8 moving forward will be lo ensure the local area is
aware of whal Broadlands has to offer and in Ihe safe manner in which il works lo promote independence, dignity
and diversity.
Structure, governan¢e and management
The charity is a company limited by guarantee govemed by ils Memorandum and Articles of Association dated 11
October 2004. It is registered as a charity with the Charity Commissioners.
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 stalemenls were:
A Rice {Chairl
I S J Dobbin
P J Conrad
R Bevers
V Wilson
J Rowden (VI￿ Chair)
(Resigned 17 November 2024)
(Resigned 19 June 20241
(Appointed 20 April 2024)

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Recruitment and appointment of trustees
New trustee appointments are propos8d by existing trustees and appointed by vote at a general meeting. Trustees
are not required to be members of the charity. The minimum number of trustees is five and the maximum number
eleven. Under certain circumstances a member, who is not a trustee, may also propose a person for appointment
as a trustee. Every three years the trustees retire by rolation at each annual general meeting along with any
trustees appointed since thé previous annual general meeting. Reliring trustees may then be re-élected by the
meeting.
Qualifying third party indemnity provisions
The charity maintains a third party indemnity insurance policy for the benefit of the trustees. The policy was in force
during the year and remains in force at the time of approval of this report.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and
guarantee to contribute £10 in the event of a winding up.
Organlsational structure
The manager, L O'Grady, is responsible for the day-to-day running of the home, assisted by the administrator, J
Ackroyd. L O'Grady, J Ackroyd and a trustee member will discuss, either in person or via telephone, any issues
arising. Any other business or concerns will be addressed at the allocated board meeting bi-monthly. All major
decisions regarding the home, including the appointment of senior staff are made by representatives of the trustees.
The Chairman and Vice Chairman are available to be contacted by the manager or administrator at any reasonable
time to deal wilh urgent issues. Bolh live locally.
Trustees are asked lo make two visils each year to Broadlands, as well as Board meetings, to spend lime with
residents and staff and to complete a questionnaire on their visit. This means one of the trustees will be visiting the
home each month. With the previous years being unusual due to the global pandemic, visits have nol been regular,
however there is encouragement for this is increase again.
Bi monthly meetings of the trustees are held with the Senior Management Team to review the financial report and
discuss room occupancy, building and equipment maintenance, slaff and resid8nc8 issues.
The Chair and Vice of the Board meet with the management team monthly to review the above issues.
Induction and training of trustees
Following appoinlmenl all tnjstees are referred to the information available on the Charity Commission website page
https'.Ilwww.gov.uklgovernmentlpublicationslthe-essential-trustee-what-you-need-lo-know-cc3 in order to appraise
them of their duties and responsibililies 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 Charity's key management personnel
Pay and remuneration of the charity's key management personnel is determined by the trustees as part of an
annual budgeting process that includes a review of pay and conditions for all members of staff within the
organisation.

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees report was approved by the Board of Trustees.
.&gM&l.w.2V107125 @ 09..10
A Rice {Chairl
Trustee
Date..

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 statements of Broadlands Homes Limited (the charity) for
the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity {and also its directors for the purposes of company lawl, you are responsible for the
preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of
the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the
charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination
I have followed the Directions given by the Charity Commission under section 14515llb} of the Charities Act 2011.
Independent examinerfs statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section
145 of Ihe 2011 Acl. I confirm that l am qualified to undertake the examination because l am a member of ACCA,
which is one of the listed bodies.
I have completed my examination. I confirm thal no matters have come to my attention in conneclion with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the Companies Act
2006.
th8 financial statements do not accord with those records., or
the financial statements do not comply with the accounting requirements of section 396 of the Companies Act
2006 other than any requirement that the financial statements give a true and fair view, which is not a matter
considered as part of an independent examination., or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable lo charities
preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
D A Thatcher FCCA
Ash House
Cook Way
Bindon Road
Taunton
Somerset
TA2 68J
Date..
Countersigned on 30107125 @ 17..56

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Current financial year
Unrestricted
funds
2025
Restricted Endowment
funds
funds
2025
2025
Total
Total
2025
2024
Notes
Income from:
Donations and legacies
Charitable aGtivities
Other trading activities
Investments
2,052
693,007
7,016
2,516
10,000
12,052
693,007
7,016
2,516
2,089
640,036
6,549
1,842
Total Income
704,591
10,000
714,591
650,516
Expenditure on:
Charitable activities
Other expenditure
706,091
4,909
706,091
17,785
587,688
18,761
11
12,876
Total expendlture
711,000
12,876
723,876
606,449
Net gainslllossesl on
investments
12
233
233
2,743
Net incom8118xpenditurel and
movement in funds
16,176)
10,000
112,8761
19,052)
46,810
Reconciliation of funds:
Fund balances at 1 April 2024
151,069
16,116
247,949
415,134
368,324
Fund balances at 31 March 2025
144,893
26,116
235,073
406,082
415,134
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Prior financial year
Unrestricted
funds
2024
Restricted Endowment
funds
funds
2024
2024
Total
2024
Notes
Income from:
Donations and legacies
Charitable aGtivities
Other trading activities
Investments
2,089
2,089
640,036
6,549
1,842
640,036
6,549
1,842
Total Income
648,427
2,089
650,516
Expenditure on:
Charitable activities
Other expenditure
586,438
5,502
1,250
587,688
18,761
11
13,259
Total expendlture
591,940
1,250
13,259
606,449
Net gainslllossesl on investments
12
2,743
2,743
Net In¢omel(expendlture) and movement In funds
59,230
839
113,259)
46,810
Reconclliation of funds:
Fund balances at 1 April 2023
91,839
15,277
261,208
368,324
Fund balances at 31 March 2024
151,069
16,116
247,949
415,134

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
All income funds
2025
2024
Gross income
Gains on investments
714,591
233
650,516
2,743
Total income in the reporting period
714,824
653,259
Total 8xpenditur8 from income funds
711,000
593,190
Net Income for the year
3,824
60,069
10-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
BALANCE SHEET
ASAT 31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
Investments
14
15
257,365
54,633
274,582
54,400
311,998
328,982
Current assets
Stocks
Debtors
Cash at bank and in hand
16
17
1,920
6,324
135,148
1,600
7,821
138,808
143,392
148,229
Credilors: amounts falling due within
one year
19
141,504)
143,938)
Net current assets
101,888
104,291
Total assets less current Ilabllltles
413,886
433,273
Credltors: amounts falllng due after
more than one year
20
17,8041
118,1391
Net assets
406,082
415,134
The funds of the charity
Endowment funds
Restricled income funds
Unrestricted funds
22
23
24
235,073
26,116
144,893
247,949
16,116
151,069
406,082
415,134
11

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
BALANCE SHEET (CONTINUED)
ASAT 31 MARCH 2025
The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2025.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with
respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial stat8ments have b88n pr8par8d in accordance with th8 provisions applicable lo compani8s subject
to the small companies regime.
The financial statements were approved by the trustees on
.S*nodoR.28K17125 @ 09.'10
A Rice {Chairl
Trustee
Company registration number 05273395 {England and Wales)
12-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating activities
Cash generated from operations
28
3,904
69,733
Investing activities
Investment income received
2,516
1,842
Net cash generated from investing activiti8S
2,516
1,842
Flnanclng actlvities
R8paym8nt of bank loans
110,080)
19,832)
Net cash used In flnanclng actlvities
(10,0801
19,8321
Net (de¢rease)lincrease in cash and cash
equivalents
(3,660)
61,743
Cash and cash equivalents at beginning of year
138,808
77,065
Cash and cash equlvalents at end of year
135,148
138,808
13-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity information
Broadlands Homes Limited is a private company limited by guarantee incorporated in England and Wales.
The registered office is 12 Ponsford Road, Minehead, Somerset, TA24 5DQ, United Kingdom.
Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in
the event of liquidation.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" and the Charities SORP "Accounling and Reporting by Charities.. Slatement of ReGommended
Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021" The charity is a Public Benefit Entity as defined by
FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, Imodified to include the
revaluation of freehold properties and to include inveslmeni properties and certain financial inslruments al fair
valuel. The principal accounting policies adopted are set out below.
1.2 Golng concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has ad8quat8 resources to continue in operational 8XlSt8nce for th8 for8seeabl8 future. Thus th8 trust88S
continue to adopt the going concern basis of accounting in preparing th8 financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Iruslees in furtherance of their charilable
objectives.
Restricted funds ar8 subj8cI to specific conditions by donors or grantors as to how they may b8 us8d. Th8
purposes and uses of the restricted funds are sel out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
Charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance 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 donalions received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
14-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
1.5 Expenditure
All expendilure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
thal settlement is required and the amount can be measured reliably. All costs are allocaled to the applicable
expenditure heading that aggregate similar costs to that category. Where costs can not be directly attributed to
particular headings they have been allocated on a basis consistent with the use of resources, with central staff
costs allocated on the basis of time spent, and depreciation Gharges alloGated on the proportion of the asset's
use. Other supports costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in
trading activities that raise funds.
Charltable actlvltles
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocaled directly to such activities and those
costs of an Indlrect nature necessary to support them.
Support costs
Supports costs include central functions and have been allocated to activity cost categories on a basis
consistenl with the use of resources, for example, allocaling property costs by floor areas, or per capita, staff
costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements
including independent examination, strategic management, Iruslees meetings and reimbursed expenses.
1.6 Tanglble flxed assets
Tangible fixed assets are inilially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses. Individual fixed assets costing £200 or more are capitalised.
Depreciation is recognised so as to write off the cost or valuation of assels less Iheir residual values over their
useful lives on the following bases-
Freehold land and buildings
Fixtures and fittings
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 determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the stalemenl of financial activities.
No depreciation is charged on general furniture and equipment as replacements of those items are treated as
revenue expenditure and written off in the year they are incurred.
1.7 Fixed asset investments
Fixed asset investments are initially measured al transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) 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 2025
Accounting policies
(Continued)
1.8 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to delermine
whether there is any indication that those assets have suffered an impairment loss. If any such indicalion
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (if any).
1.9 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct malerials and, where applicable, direct labour costs and those overheads thal have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimaled selling price less all estimated costs of completion and costs to be
incurr8d in marketing, selling and distribution.
1.10 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.11 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, wilh the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounls and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc flnanclal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipls discounted at a market rate of inleresl. Financial assets
classified as ￿CeIVable within one year are not amortised.
Basic financial liabilities
Basic financial liabililies, including creditors and bank loans are initially recognised at transaction price unless
the arrangèment constitutes a financing transaction, where thè debt instrument is mèasured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of
operalions from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
16-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
De￿cognItion of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.12 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immedialely as an expense when Ihe charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
1.13 Retlrement beneflts
Payments to defined contribution retirement benefit schemes are charged 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 Ihe general objectives of Ihe charily which have not been designated for other purposes.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The eslimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounling
estimates are recognised in the period in which the estimate is revised where the revision affects only Ihat
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donations and legacles
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Donations and gifts
2,052
10,000
12,052
2,089
2,089
Income from other trading activities
Unrestricted Unrestri¢ted
funds
funds
2025
2024
Non-charitable trading activities
7,016
6,549
17-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from charitable activities
Unrestricted
funds
2025
Unrestricted
funds
2024
Accommodation and welfare
Outsourced seNices for residents
670,677
22,330
614,009
26,027
693,007
640,036
Income from Investments
Unrestrlcted Unrestrlcted
funds
funds
2025
2024
Income from listed investments
Interest receivable
1,584
932
1,093
749
2,516
1,842
18-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on charitable activities
2025
2024
Direct costs
Staff costs
Provisions
Outsourced seNices 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
Advertising
Bank charges
Residents welfare and sundry
Printing, postage and stationery
Legal and professional fees
445,958
44,002
17,221
12,992
53,659
3,776
23,289
2,644
73,311
6,099
10,121
2,181
655
3,296
571
2,011
386,689
40,169
15,331
11,446
41,202
4,476
16,561
1,654
44,060
4,486
9,069
974
602
4,567
541
1,768
701,786
583,595
Share of 8UPPOrt and governance costs {see not8 8)
Governance
4,305
4,093
706,091
587,688
Analysis by fund
Unrestricted funds
Restricted funds
706,091
586,438
1,250
706,091
587,688
Support costs allocated to activities
2025
2024
Governance costs
4,305
4,093
Analysed belween..
Charitable activities
4,305
4,093
19-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allocated to activities
(Continued)
2025
2024
Governan¢e costs comprlse:
Audit fees
Accountancy
Companies House filing fee
839
3,453
816
3,264
13
4,305
4,093
Trustees
None of the trustees (or any persons connected wilh Iheml received any remuneration or benefits from the
charily during the year.
10 Employees
The average monthly number of employees during the year was..
2025
Number
2024
Number
24
22
Employment costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
401,670
24,204
18,152
353,898
18,405
13,631
445,958
386,689
Wages and salaries includes £1,932 (2024.. £755) in respect of staff training and DBS checks.
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key managemeni personnel was as follows..
2025
2024
Aggregate compensation
48,472
69,502
-20-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Other expenditure
Unrestricted Endowment
funds
funds
2025
2025
Total Unrestricted Endowment
funds
funds
2024
2024
Total
2025
2024
Depreciation of tangible
fixed assets
Financing costs
4,341
568
12,876
17,217
568
4,685
817
13,259
17,944
817
4,909
12,876
17,785
5,502
13,259
18,761
12 Gains and losses on investments
Unrestricted Unrestricted
funds
funds
2025
2024
Gainsl(lossesl arising on.,
Revaluation of investments
233
2,743
13 Taxatlon
The chariiy is exempt from taxation on its activities because all its income is applied for charilable purposes.
14 Tangible fixed assets
Freehold land Flxturas and Furnlture and
nd bulldlngs
flttlngs
equlpm&nt
Computgrs
Total
Cost
At 1 April 2024
605,916
4,974
195,695
1,620
808,205
At 31 March 2025
605,916
4,974
195,695
1,620
808,205
Depreciation and impairment
At 1 April 2024
Depreciation charged in the year
365,959
12,876
166,078
4,307
1,586
34
533,623
17,217
At 31 March 2025
378,835
170,385
1,620
550,840
Carrying amount
At 31 March 2025
227,081
4,974
25,310
257,365
At 31 March 2024
239,957
4,974
29,617
34
274,582
21

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Fixed asset investments
Listed
investments
Cost or valuatlon
At 1 April 2024
Valuation changes
54,400
233
At 31 March 2025
54,633
Carrylng amount
At 31 March 2025
54,633
At 31 March 2024
54,400
2025
2024
Listed inveslmenls carrying amount
54,633
54,400
Flxed asset Investments revalued
The listed investment as included at the market valu8 P8r th8 valuation report from Inv8Stec W8alth and
Investment Ltd at the balance sheet date.
16 Stocks
2025
2024
Raw malerials and consumables
1,920
1,600
17 Debtors
2025
2024
Amounts falling due within one year:
Trade deblors
Prepayments and accrued income
3,693
2,631
5,457
2,364
6,324
7,821
-22-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Loans and overdrafts
2025
2024
Bank loans
18,139
28,219
Payable within one year
Payable after one year
10,335
7,804
10,080
18,139
The loan relates to a Government backed 'Bounce Back, loan which has a total repayment period of 6 years,
with no capital or interest repayments falling due in the first year. Interest is charged on the loan at 2.5 % .
19 Creditors: amounts falling due within one year
2025
2024
Notes
Bank loans
Other taxation and social s8curity
Trade creditors
Accruals and deferred income
18
10,335
12
26,946
4,211
10,080
12
29,842
4,004
41,504
43,938
20 Creditors: amounts falling due after more than one year
2025
2024
Notes
Bank loans
18
7,804
18,139
21 Retirement benefit schemes
2025
2024
Defined contribution schem8s
Charge to profit or loss in respect of defined contribution schemes
18,152
13,631
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
-23-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
22 Endowment funds
Endowment funds represent assets which must be held permanently by the charity. Income arising on the
endowment funds can be used in accordance with the objects of the Gharity and is included as unrestricted
income. Any capital gains or losses arising on the assets form part of the fund.
At 1 Aprll
2024
Resources At 31 March
expended
2025
Permanent endowments
Property
247,949
112,876)
235,073
Prevlous year:
At 1 Aprll
2023
Resources At 31 March
expanded
2024
Permanent endowments
Property
261,208
113,259)
247,949
The permanenl endowment fund represents the original propety and land purchased with donations to the
charity Minehead, Watchet and Williton Homes for ages persons and th8 subsequent additions and
improvements to that property. This remains the property of Minehead, Walchet and Williton Homes for Aged
Persons and is included in these accounts under the Uniling Direction dated 22 January 2007.
23 Restrlcted funds
The income funds of the charity include restricted funds comprising the following unexpended balances..
At 1 Aprll
2024
Incomlng
resources
Resources At 31 March
expended
2025
Residents funds
16,116
10,000
26,116
Previous year:
At 1 April
2023
Incoming
resources
Resources At 31 March
expended
2024
Residents funds
15,277
2,089
11,250)
16,116
Restricted funds are funds that are to be used in accordanGe 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 against the fund in question.
The 'Residents funds, fund is maintained for the purpose of holding funds donated specifically for funding
activities for the residents at Broadlands.
-24-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
24 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific Conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2024
Incomlng
resources
Resources
expended
Galns and At 31 March
losses
2025
General funds
151,069
704,591
1711,0001
233
144,893
Prevlous year:
At 1 Aprll
2023
Incomlng
resources
Resources
expended
Galns and At 31 March
losses
2024
General funds
91,839
648,427
(591,940)
2,743
151,069
25 Analysls of net assets between funds
Unrestricted
funds
2025
Restricted Endowment
funds
funds
2025
2025
Total
2025
At 31 March 2025:
Tangible assets
Inveslments
Current asselsl{liabilities)
Long term liabilities
22,292
27,266
101,888
17,804>
235,073
257,365
54,633
101,888
(7,804)
27,367
143,642
27,367
235,073
406,082
Per balance sheet
Balance to allocate
144,893
1,251
26,116
(1,251)
235,073
406,082
Unrestricted
funds
2024
Restricted Endowment
funds
funds
2024
2024
Total
2024
At 31 March 2024:
Tangible assets
Investments
Current assetsl{liabilities)
Long term liabilities
26,633
38,284
104,291
118,139)
247,949
274,582
54,400
104,291
(18,139)
16,116
151,069
16,116
247,949
415,134
-25-

BROADLANDS HOMES LIMITED
INCLUDING MINEHEAD, WATCHET & WILLITON HOMES FORAGED
PERSONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
26 Operating lease commitments
At the reporting end date the charity had outstanding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows..
2025
2024
Within one year
Belmeen two and five years
2,369
4,541
2,369
6,910
6,910
9,279
27 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
28 Cash generated from operations
2025
2024
(Deficitllsurplus for the year
19,052)
46,810
Adjustments for:
Investment income recognised in statement of financial activities
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed ass8ts
12,516)
(233)
17,217
11,8421
12,7431
17,944
Movements In worklng capltal:
Ilncreasel in stocks
Decreasellincreasel in deblors
IDecrease)lincrease in creditors
(320)
1,497
12,689)
(1,802)
11,366
Cash generated from operations
3,904
69,733
29 Analysis of changes in net funds
At 1 Aprll 2024
Cash flowsAt 31 March 2025
Cash at bank and in hand
138,808
13,660)
135,148
Loans falling due within one year
Loans falling due after more than one year
(10,080)
(18,139)
(255)
10,335
(10,335)
(7,804)
110,589
6,420
117,009
-26-