Southport Rest Home Company Limited by Guarantee Financial Report and Accounts Year Ended 30 April 2025 

## Southport Rest Home (Company No. 06368309) 

## Company Limited by Guarantee 

## Contents Page 

## Year Ended 30 April 2025 

||Page Number|
|---|---|
|Trustees Annual Report|1-3|
|Independent Examiner's Report to Members|4-5|
|Statement of Financial Activities (Incorporating|6|
|the Income and Expenditure Account)||
|Balance Sheet|ti|
|NotestotheFinancialStatements|8-13|



## Southport Rest Home Company Limited by Guarantee 

## Trustees Annual Report 

## Year Ended 30 April 2025 

The trustees, who are also directors for the purposes of company law, present their report and the Unaudited financial statements of the company for the year ended 30 April 2025. 

## Reference and Administrative Details 

Registered Charity Name: Southport Rest Home Charity Registration Number: 1123524 Company Registration Number: 06368309 Registered Office: 81 Albert Road Southport PR9 9LN 

## The Trustee / Directors: 

The trustee / directors who served the company during the year were as follows: - June Bennett (Resigned 31/03/2025) Faith Avril Choueke Peter Gordon Mark Shaun Howard Eileen Lippa 

Bankers: Royal Bank of Scotland 269 Lord Street Southport PR8 1PH Solicitors: J. Myers Husband Forwood Morgan Solicitors 26 Exchange Street East Liverpool L2 3PH 

it 

## Southport Rest Home Company Limited by Guarantee 

## Trustees Annual Report Continued 

## Year Ended 30 April 2025 

## Structure, Governance and Management 

The organisation is a charitable company limited by guarantee, incorporated 12 September 2007 and registered as a charitable company on 9 April 2008. The charity is established under a Memorandum and Articles of Association dated 12 September 2007. In the event of the company being wound up the members are required to contribute an amount not exceeding £ 1. 

The board of trustees comprise of the Chairperson, Vice Chairperson, Honorary Treasurer, and Honorary Secretary and up to fifteen other persons who are elected at the Annual General Meeting of the company. The minimum number of trustees is four. 

The trustees may fill any vacancy arising amongst the Trustees by resolution at a meeting of the Board of Trustees. The appointee will serve until the next Annual General Meeting, at which they will retire and offer themselves for re-election. 

The Trustees delegate powers of day-to-day operations to Sarah Hutton, the Home Manager. 

## Objectives 

Our objectives are: 

to provide a home for permanent residence of Jewish people who are aged, in particular but not exclusively for poor Jewish persons who have been resident in Southport: and 

to provide a convalescent home for poor Jewish people; and 

at the discretion of the Trustees, to waive the requirement for a beneficiary under either of the above objects to be Jewish; and 

to carry on any other charitable work whatsoever which can be advantageously carried on by the Charitable Company. 

In setting our objectives and planning our activities, the trustees have given careful consideration to the Charity Commission's general guidance on public benefit. 

## Achievements and Performance 

On 1 May 2008 the company took over the assets of the Southport Jewish Aged Home, following a resolution to incorporate the charity. 

The home continued to be one of the finest Jewish residential homes in the North West and provided a high quality of care and attention from a dedicated team of staff. 

The home continues to be reliant upon the goodwill and generosity of its benefactors amongst the Jewish Community. 

2 

Southport Rest Home Company Limited by Guarantee 

## Trustees Annual Report Continued 

## Year Ended 30 April 2025 

## Financial Review 

The operating Surplus/ (Deficit) for the year was £ 40665 ( 2024: (£ 65639) ). The trustees continue to explore ways of incoming future revenue and undertake budgetary reviews in respect of costs. 

## Reserves Policy 

The level of reserves as at 30 April 2025 stood at £ 1299851 ( 2024: £ 1259186 ) comprising all assets. Reserves are considered necessary to finance possible operating shortfalls in the future together with future capital expenditure on an ageing building. 

## Investment Policy 

There are no restrictions on the charity's power to invest. The trustees continue to monitor the reserves and adopt a low risk policy, with the bulk of the reserves invested with the bank in a treasury account invested on monthly deposit and if no monies are required for the coming month, it remains invested with the bank. 

## Risk Management 

The trustees have examined the major strategic and operational risks which the charity faces and confirm that systems have been established to mitigate risks. 

## Plans for Future Periods 

The trustees undertake to continue to offer a high standard of service and care to the residents. 

The trustees will perform budgetary reviews and seek ways of increasing revenues and reducing costs. 

## Independent Examiner 

Shahid Babu Patel has been reappointed as independent examiner for the ensuing year. 

## Small Company Provisions 

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption. 

Registered office: 81 Albert Road Southport PR9 9LN 

Signed on behalf of the trustees 

Dated: 15/09/2025 

Mr Peter Gordon 

3 

## Southport Rest Home Company Limited by Guarantee 

## Independent Examiners Report to the Members of Southport Rest Home 

## Year Ended 30 April 2025 

| report on the account of the company for the year ended 30 April 2025 which are set out on pages 6 — 13. 

## Respective Responsibilities of Trustees and Examiner 

The trustees (who are also the directors of Southport Rest Home for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £ 250000 and | am qualified to undertake the examination by being a member of the Chartered Association of Certified Accountants. 

Having satisfied myself that the company is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: 

- ¢ examine the accounts under section 145 of the 2011 Act: ¢ — to follow the procedures laid down in general Direction given by the Charity Commission under section 145(5)(b) of the 2011 Act; and 

- e to state whether particular matters have come to my attention. 

## Basis of Independent Examiners Report 

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below. 

## Independent Examiners Statement 

In connection with my examination, no matter has come to my attention: 

- (1) which gives me reasonable cause to believe that in any material respect the requirements: 

   - e to keep accounting records in accordance with section 386 of the Companies Act 2006; and 

   - e to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities 

have not been met; or 

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

4 

## Southport Rest Home Company Limited by Guarantee 


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Independent Examiners Report to the Members of Southport Rest Home Continued<br>**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
Year Ended 30 April 2025<br>**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
ShahidIndependentBabu ExaminerPatel (FCCA) = iee JailsJN ] ae —<br>Tolsey House<br>1 Marshside Road<br>Churchtown /<br>Southport<br>PRQ 9TL ; —<br>Dated: L+<br>15/09/2025 es<br>**----- End of picture text -----**<br>


5 

Southport Rest Home Company Limited by Guarantee 

## Statement of Financial Activities (Incorporating the Income & Expenditure Account) 

## Year Ended 30 April 2025 

|||Total Funds|Total Funds|
|---|---|---|---|
|||2025|2024|
||Note|£|£|
|Incoming Resources||||
|Incoming resources from generating funds:||||
|Voluntary Income|2|9910|18808|
|Investment Income|3|50|138|
|Incoming resources from charitable activities|4|938286|835534|
|Other Incoming resources|5|13128|8880|
|Total Incoming Resources||961374|863359|
|Resources Expended||||
|Charitable Activities|6|(906730)|(909855)|
|Governance Costs|7|(13979)|(20648)|
|Total Resources Expended||(920710)|(930503)|
|Net Income/Expenditure forthe Year||40665|(67144)|
|Other Recognised Gains and Losses||||
|Profit/(Loss) on Revaluation of Investment Assets||0|1505|
|Revaluations of Fixed Assets||||
|Revaluation of Property||0|142400|
|Net Movement in Funds||40665|76761|
|Reconciliation of Funds||||
|Total Funds Brought Forward||1259186|1182425|
|TotalFundsCarriedForward||1299851|1259186|



The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. 

All the above amounts relate to continuing activities. 

The notes on pages8 to 13 form part of these financial statements. 

6 

## Southport Rest Home Company Limited by Guarantee 

## Balance Sheet 

|As at 30 April 2025||||||||
|---|---|---|---|---|---|---|---|
||||2025|||2024||
||Note|£||£|£||£|
|Fixed Assets||||||||
|Tangible Assets|11|||1262878|||1272478|
|||||1262878|||1272478|
|Current Assets||||||||
|Inventory|13|500|||500|||
|Debtors & Prepayments|14|24560|||17160|||
|Cash at Bank and in Hand||41032|||2887|||
|||66092|||20546|||
|Creditors:||||||||
|Amounts Falling Due Within One Year|15|29119|||33838|||
|Net CurrentAssets||||36973|||(13292)|
|Total Assets Less Current Liabilities||||1299851|||1259186|
|Net Assets||||1299851|||1259186|
|Funds||||||||
|Unrestricted Income Funds|17|||1299851|||1259186|
|TotalFunds||||1299851|||1259186|



For the year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

## Trustees responsibilities: 

. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and 

. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 

These financial statements were approved by the members of the committee and authorised for issue on 15/09/2025 and are signed on their behalf by: 

## Mr Peter Gordon 

The notes on pages 8 to 13 form part of these financial statements. 

7 

Southport Rest Home Company Limited by Guarantee 

## Notes to the Financial Statements 

## Year Ended 30 April 2025 

## 1. Accounting Policies 

## Basis of Accounting 

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets, and in accordance with applicable United Kingdom accounting standards and the requirements of the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ issued in March 2005 (SORP 2005). 

## Cash Flow Statement 

The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the company qualifies as small. 

## Income Receipts from Charitable Activities 

Residents Fees and day centre receipts are recognised in the Statement of Financial Activities (SOFA) when they fall due. 

## Investments 

Investments on a recognised stock exchange are valued at market value at the year end. 

## Fund Accounting 

Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specific purpose and are available as unrestricted funds. 

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria are charged to the restricted fund. 

## Depreciation 

Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows: 

Motor Vehicles 20% Reducing Balance Computer Equipment 20% Reducing Balance Fixtures & Fittings 15% Reducing Balance 

No depreciation is charged in respect of freehold land and buildings, as continuous repair and maintenance work ensures that the value of the property is maintained in excess of book value. 

## Inventory 

Inventories are stated at cost. 

## Operating Lease Agreements 

Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. 

8 

Southport Rest Home Company Limited by Guarantee 

Notes to the Financial Statements Continued 

## Year Ended 30 April 2025 

## Legacies and Grants 

Legacies and grants are recognised in the SOFA when they become receivable and it is reasonably certain that they will be received and can be measured with sufficient reliability. 

## Tax Reclaims on Dividends and Gifts 

Income resources from tax claims are included in the SOFA at the same time as the gift to which they relate. 

## Expenditure and Liabilities 

Liability recognition, generally liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. 

|2. Voluntary Income|Unrestricted|Total Funds|Total Funds|
|---|---|---|---|
||Funds|2025|2024|
||£|£|£|
|Donations & Legacies|9910|9910|18428|
|Unveilings|0|0|380|
||9910|9910|18808|
|3. Investment Income|Unrestricted|Total Funds|Total Funds|
||Funds|2025|2024|
||£|£|£|
|Bank Interest Receivable|50|50|138|
||50|50|138|
|4. Income Resources from Charitable Activities|Unrestricted|Total Funds|Total Funds|
||Funds|2025|2024|
||£|£|£|
|Residents Fees|909918|909918|810927|
|Flat Rents Receivable|27232|27232|23198|
|Electric Meters & Laundry Receipts|1136|1136|1409|
||938286|938286|835534|



9 

## Southport Rest Home Company Limited by Guarantee 

Notes to the Financial Statements Continued 

|Year Ended 30|April 2025||||
|---|---|---|---|---|
|5. OtherIncoming|Resources|Unrestricted<br>Funds<br>£|Total Funds<br>2025<br>£|Total Funds<br>2024<br>£|
|Gift Aid Refund||790|790|1422|
|Miscellaneous||0|0|20|
|Grants Received||12338|12338|7438|
|||13128|13128|8880|
|6. Costs ofCharitable Activities by Fund Type||Unrestricted|Total Funds|Total Funds|
|||Funds|2025|2024|
|||£|£|£|
|Staff Salaries<br>& Wages||551926|551926|513568|
|Employers NIC||32206|32206|25651|
|Pensions||9797|9797|8806|
|Agency Labour||4885|4885|20572|
|Ground Rent||10|10|10|
|Rates||1944|1944|2809|
|Water Rates||11227|11227|11358|
|Heat, Light<br>& Power||74855|74855|110042|
|Insurance||12330|12330|11743|
|Hire of Equipment||24838|24838|26166|
|Laundry & Cleaning||23432|23432|20260|
|Repairs, Renewals|& Maintenance|81478|81478|75426|
|Provisions||57204|57204|63035|
|Residents Activities||904|904|1467|
|Depreciation||9600|9600|11360|
|Travelling Expenses & Accommodation||171|171|739|
|Training Courses &|Security Checks|3400|3400|120|
|Licences & Registration Fees||4268|4268|3482|
|General Expenses||2255|2255|3239|
|||906730|906730|909855|
|7. GovernanceCosts||Unrestricted<br>Funds<br>£|Total Funds<br>2025<br>£|Total Funds<br>2024<br>£|
|Accountancy Fees||3672|3672|3828|
|Professional Fees||2862|2862|7443|
|Telephone||1201|1201|3968|
|Printing, Postage &|Stationery|5090|5090|4198|
|Bank Charges||1154|1154|1211|
|||13979|13979|20648|



10 

Southport Rest Home Company Limited by Guarantee 

Notes to the Financial Statements Continued 

## Year Ended 30 April 2025 

|8. Net Outgoing Resources forthe Year|2025|2024|
|---|---|---|
||£|£|
|This is stated after Charges|||
|Depreciation|9600|11360|
|9. Trustees Remuneration and Expenses|||
|No remuneration, directly or indirectly out of charity fundswas paid or payable for the year to any|||
|trustee, or any persons known to be connected to any ofthem.|||
|10. Staff Costs and Emoluments|2025|2024|
||£|£|
|Total staff costs were as follows:|||
|Wages& Salaries|551926|513568.4|
|Social Security Costs|32206|25651.47|
||584132|539219.8|



Particulars of employees: 

The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows: 


**----- Start of picture text -----**<br>
2025 2024<br>£ z<br>Number of Administrative Staff 4 4<br>Number of Full Time Equivalent Caring Service,<br>Kitchen & House Staff 35 35<br>39 39<br>11. Tangible Fixed Assets Freehold Leasehold Motor Fixtures & Computer<br>Property Property Vehicles Fittings Equipment Total<br>£ £ £ £ £ £<br>Cost<br>As at 1 May 2024 1100000 110000 6000 236585 10152 1462738<br>Revaluation 0 0 0 0 0 0<br>Additions 0 0 0 0 0 0<br>As at 30 April 2025 1100000 110000 6000 236585 10152 1462738<br>Depreciation<br>As at 1 May 2024 0 0 3542 178658 8059 190260<br>Charge for the Year 0 0 492 8689 419 9600<br>As at 30 April 2025 0 0 4034 187347 8478 199860<br>Net Book Value<br>As at 30 April 2025 1100000 110000 1966 49238 1674 1262878<br>As at 30 April 2024 1100000 110000 2458 57927 2093 1272478<br>**----- End of picture text -----**<br>


Revaluation of Fixed Assets 

The freehold of property at 81 Albert Road, Southport, was valued by Edward Jackson Partnership, Chartered Surveyors, on 2 September 2008. 

11 

Southport Rest Home Company Limited by Guarantee 

## Notes to the Financial Statements Continued 

|Year Ended 30 April 2025|Year Ended 30 April 2025|||
|---|---|---|---|
|12. Investments|||2024|
||||£|
|UK Quoted Shares|- 7240 Marks & Spencer Ordinary Shares|||
|Movement in Market Value||||
|Market Value as at|1 May2023||11899|
|Net Gains on Revaluation in the Period to 22 June 2023|||1764|
|Transaction Fee on|Disposal||(260)|
|Proceeds From Disposal on 22 June 2023|||13404|
|Historical Cost|||27548|
|13. Inventory||2025|2024|
|||£|£|
|Inventory of Food &|Drink|500|500|
|14. Debtors||2025|2024|
|||£|£|
|Trade Debtors||6955|2036|
|Other Debtors||0|92|
|Prepayments||17605|15032|
|||24560|17160|



12 

Southport Rest Home Company Limited by Guarantee 

## Notes to the Financial Statements Continued 

## Year Ended 30 April 2025 


**----- Start of picture text -----**<br>
15. Creditors: Amounts Falling Due Within One Year 2025 2024<br>£ £<br>Trade Creditors 16679 19347<br>PAYE & Social Security Creditors 5715 10298<br>Other Creditors & Accruals 6725 4193<br>29119 33838<br>16. Unrestricted Income Funds<br>Balance at Incoming Gains & Balance at<br>1 May 2024 Resources Losses 30 April 2025<br>£ £ £ £<br>General Funds 1259186 40665 0 1299851<br>17. Analysis of Net Assets Between Funds<br>Tangible Net Current<br>Fixed Assets Assets Total<br>£ £ £<br>Unrestricted Income Funds 1262878 36973 1299851<br>Total Funds 1262878 36973 1299851<br>**----- End of picture text -----**<br>


## 19. Company Limited by Guarantee 

The company is limited by guarantee and the liability of the members is limited to an amount not exceeding £1. 

13 

Southport Rest Home Company Limited by Guarantee 

## Additional Information Statement 

Year Ended 30 April 2025 

The additional information contained in page 15 has been prepared from the accounting records of the company. While it does not form part of the statutory financial statements, it should be read in conjunction with them and the report thereon. 

14 

Southport Rest Home Company Limited by Guarantee 

Income Statement 

## Year Ended 30 April 2025 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|£|£|
|Revenue:|
|Donations,|Legacies|&|Unveilings|9910|18808|
|Residents|Fees|909918|810927|
|Flat|Rents|Receivable|27232|23198|
|Electric|Meters|&|Laundry|Receipts|1136|1409|
|Gift Aid|Income|Tax|Refund|790|1422|
|Grants|Received|12338|7438|
|Miscellaneous|0|20|
|961324|863221|
|Less:|Expenses|for|Charitable|Activities:|
|Wages|&|Employers|NIC|584132|539220|
|Pensions|9797|8806|
|Agency|Labour|4885|20572|
|Ground|Rent|10|10|
|Rates|1944|2809|
|Water|Rates|11227|11358|
|Heat,|Light|&|Power|74855|110042|
|Insurance|12330|11743|
|Provisions|57204|63035|
|Residents|Activities|904|1467|
|Equipment|Hire|24838|26166|
|Laundry &|Cleaning|23432|20260|
|Repairs,|Renewals|&|Maintenance|81478|75426|
|Travelling|Expenses|&|Accommodation|171|739|
|Licences|&|Registration|Fees|4268|3482|
|Protective|Clothing|606|727|
|Training|Courses|&|Security|Checks|3400|120|
|Advertising|1053|1618|
|Depreciation|9600|11360|
|General|Expenses|596|(906730)|894|(909855)|
|Less:|Governance|Costs|
|Telephone|1201|3968|
|Computer|Software|&|Maintenance|3342|1694|
|Printing,|Postage|&|Stationery|1748|2504|
|Professional|Fees|2862|7443|
|Accountancy|3672|3828|
|Bank Charges|1154|(13979)|1211|(20648)|
|Operating|(Loss)|40615|(67282)|
|Bank|Interest|Received|50|50|138|138|
|Net (Loss)|40665|(67144)|
|Gains|/|(Losses)|on|Revaluation|of|Investment Assets|0|1505|
|Net Movement|in|Funds|40665|(65639)|

**----- End of picture text -----**<br>


15