Charity registratlon numbèr 1152655 (England and Wales) Company reglstratlon number 08565062 LIBURY HALL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
LIBURY HALL LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr B Bennett MrA Liddiard Mrs R Sinclair Mrs J Salmon Charlty number 1152655 Company number 08565062 Reglstered offlcè Great Munden Near Wara Hertfordshlre SG11 1JD Audltor Moore NHCAudll Limited 73-75 Hwh Street Slevenage Hgrtlordshire SG13HR Bankers Nalwest Bank plc 43 Hlgh Street Hoddesdon Hertfordshire EN118HE Caz8nove 1 London Wall Place London EC2Y SAU Sollcltors Wllhers LLP Third Floor 20 Old Balley London EC4M 7AN Invostment advlsors Schroder & Co. Limited 12 Moorgate London EC2R 6DA
LIBURY HALL CONTENTS Page Trus18es' report Statement ol Trustees, responsll)Ilities Independent audllor's report Slatemont of financlal actlvities Balanc8 sheet 10 Statemenl of cash flow3 11 Noles to the financlal statements 12-22
LIBURY HALL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Truste85 present their annual ieport and finanal slatemenls for the year ended 31 March 2025. The accounts have been prepared In accordance wlth the accounting policles set out in note to the accounts and comply with the Charity's governing document. the Companies Act 2006 and -Accounting and Reportlng by Charilles.. Statement of Recommended Practice applicable to charities preparlng their accounls in accordance wlth the Financlal Reporting Standard appIable in Ihe UK and Rewblic of Ireland IFRS 102) (effective 1 January 20191" OBJECTIVES AND ACTIVITIES Llbury Hall Libury Hall is a resldenlial care home and Is situated near the ville of Great Munden In what is consldered lo be a beautiful part of the Hertfordshire countryside. The home consists of one large house. four collages, Schorr House Collage, 4 Indlvidual Coutyard flats and an activities centro (known as Ihe Day Centre). 11 provldes resldential accommodallon for 40 adulls of both sexes. 17 of the residenls live in the main house, The Collages and Courtyard provlde 20 resldent8 with a greater degree of Independence. Schorr House Cotlage provldes nlensive 1-1 support 24 hours a day for 2 resldenls currently. Purpose A fundamental component part of Libury Hall's conslllution is the provislon of care and shelter for people with mental health issues and learning difflculties. This is d8lTrvered through the auspices of an original Declarallon of Trust, which stales "the land and buildings belonging lo the Charity are us8d ftjr the aged or mentally infirm of both sexes." It is achieved through the good governance of Libury Hall's twstee8, its management team and staff, Mlsslon statement The ethos of Llbury Hall Is best summed up in ils Mlsslon Slat8menl, "Llbury Hall b&llev&s In people.. that every indivldual has a right lo be heard wlth dignily, to recelve opllmum care and encouragen7ent to achieve Individual goals.. Publi¢ benefit We have referred to the Charity Commisslon's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. Fundlng Th8 maln source ol funding for Llbury Hall Is resldents. fees pald by the local aulhorlty, and NHS, in H6rtfordshire. Other resldents, fees are paid by other. out of county, local authorlties and self-funding residents.
LIBURY HALL TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE A busy and demanding year for Libury Hall h8s provided many achievements. Dlglial platforms Improvements within the accounting system payroll have taken place, resulting in a streamlined effective system with dlgltal payslips. All staff have access lo computers with own their own access points. Development of staff.. Several Slaff have slarted Level 5 in management along wllh lovel 2 and 3 in Heallh and Social Care. Day Centre- Contlnu8 to expand the ranga of outings and help explore the r8sidents' Inl&rests oulside Ihe home. Several residents have been to concerts in London. Several residenls have had holidays in Rutland and Suffolk. Art Galleries are still very popular to visit along with the Tower of London. Several football matches have been enjoyed around the country. Cooking to help with D8ily livlng skills continue. Thr88 new pels have been enGourag8d lo be bought in to the Day Centre for resldents to take responsibility to care and support the welfare of their pets- resldenls are enjoying thls activlty, Tha Kitchen achieved 5-star rallng for arthr year. Sever81 personalised goals have been achleved regardlng the resld8nts In the form of shopplng and cooklng skllls along wllh healthy choices and looklng aftér their heaSlh. This builds foundations for their conlinued succéss in daily Ilving skllls coupled wlth overall v11-being. The local school conllnues lo vlslt weekly wllh about 15 students lo interacl with resldenls, playlng board games, Ilstaning to past live5 and generally enjoylng the soclal occasion. Tralnlng and development A clear and conclse policy for tralnlng and dev6lopmeDt of all staff Is now In place. FINANCIAL REVIEW Revlew of flnan¢lal posltlon Total income in the year amounled to £2,194.607. The net movemont In funds for th8 financial year, after investment r8v8luations, was a loss of £16.413. Grants were recelved of £NII for the y88r. Investmènt Income., £179, Reserves pollcy ThB Trustees alm to achieve a lev81 of reserves (excluding langible assets) to cover al least 1.5 months, running èxpenses. The siluatlon is kept under regular review. Inveslment pollcy The Inveslmenl Managers alm trj produce sufficient growth to match or bettèr Inflatlon rates and to produce Income lo make possible slructLsral or other major repairs. The Truslees review p8rformance on a regular basis and discuss results with the investmenl manager. The Trusta6s are satisfied wlth the Current performanc6 of investments. R5sk management The Trustees and Director have constructed a Risk Reglster that identifies the various levels of malor risk faced by the Chatlty and th8 mitigating factors that control or reduce the level of risk in respective areas, A comprehensive monitoring and review process is in place lo identlfy any new rlsks and implement any aclions requlred. An action plan is devised to address any concerns and the plan is reviewed annually al Ihe AGM or before If requlred.
LIBURY HALL TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The following is 8 summary of the principal risks and uncertainties facing the Charity, as Identified by the Trustees. logfjther with their plans and strategies for man8ging those rlsks.. Rlsk 1.. Llbury Hall loses its status as a regislered home through failure to comply with necessary standards of care and operation. The Charity is regulated by CQC and has annual inspections by the local authority. The Trustees revlew reports and ensur8 any shortcomings are addressed as a matter of urgency. Robust monlloring and governance arè In place with regular m881ings of I vlsits from the Trustaes, Rlsk 2- Libury Hall Is not ablè to maintain a sufficient income stream to perfom aclivlties. The financlal sltuallon is monilored through monlhly mar7agement accounts, prepared by the internal Finance Manager and revlewed monlhiy by Ihe Tws16es. More analysis is now Provlded every quarter by the Financlal Manager. Rlsk 3.. Libury Hall does nol comply with health and safety regulations thus rlsking ham lo (or death on resident, member of staff or a visitor and l or financlal or other penaltles. Regular rlsk assessment8 are performed, Including rlsk assessments for Individual resldenls. Staff awareness on heallh and safety Future plannlng Plannlng for lh8 future Is 8n Ongng exercise and covers every aspect of Llbury Hall. Fin8ncially, operationally andprofessionally, the Managemenl Team are focused ¢M maintaining Current standards of 8xcgllence and m8klng improvements wherever n8cessary. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document and constitutlon Libury Hall 15 a company limited by guarantee arKI ml having a share capital, incorporated on 11 June 2013 and registered as a charity on 1 July 2013. The Ch8rlly was 6slablSshed under a memor8ndum of assoclation, whl¢h establlsh8d the objeds and powers of the Charlly, and it Is governed by its artScles of associ81ion. The Trustees The Trustees, who are also the dlreclors for the purpose of company law, and who served during the year were: Mr B Bennett Mr A Llddlard Mrs R Sinclair Mrs J Salmon Recrultmenl and appolntment of trustees The Trustees shall consist of at18asl three persons who are individuals over the age of 18 all of whom musl be members, supporl the obj8cls and have signed a written declaralion of willingness to act as a charity trust88 of the Ch8rily. The Trustee5 may at any time COknopI any indivldual who is eligible und8r Articl8 5.3 as a trustee to fill a vacancy In their number or as an additional trustee, bul a co-opted trust8e holds office only for one year. A r81iring Iruslee who Is eligible under Article 5.3 may be reappointed. A quorum at a meeting of the Truste&s may be flxed by the Truslees and unless so fixed shall be two Irustees. None of the Truslees has any beneficial Interest in the Charfly. All of Ihe Trustees are members of the Charlty and guarantee to contribute £1 In the event of a winding up.
LIBURY HALL TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Management team Mrs Smith Is the CEO of Libury Hall to lead the ch8ng8 needed with the strategic development of the buslness. Mrs Smith has been employed al the home since the year 2CQO. Before hor appointment to CEO in 2014 she was the Reglstered Manager. Mr Lloyd Grav8r was appolnted Manager November 2024 (Deputy Manager 151 July 2018-24) reporllng to the Trustees ICEO. Ms Georg8 Clapton was appointed Depuly Manager Nov8mb8r 2024 (prèviously a Team Leader12020-24) Supportlng the Reglst8red Man8r in all aspects of the day to day runnlng of the home. How declslons are made Trustees exercise leadership by setting priorllles towards stralegic issU8s. The Trust88s meet regul8rfy with th8 Dlreclor to discuss slrategic15SU8s. Day lo day operational management of the home Is dealt with by the Reglsler8d Manager overseen by the Director and Trusle8s. Inductlon and tralnlng of trustees Training and induction will accord wlth NCVO guidellnes. Trusl8es seek ways to improve board effectiven8ss by updating and reviewing thelr Irainlng on an annual basls. Several Trustees completed tralnlng days over the year covering a varl8ty of toplcs: Mental Capaclty Act, Deprlvalion of Llberty, Governance Responslbllities of Charitable Tru51ees. Remuneratlon policy Pay and remunerallon for the Charlty'8 key management personnel 1$ dlscussed and approved at the AGM by the Trustees. National Industry information is available for benchmarks and par8met8rs. Acknowledgements The Trustees wish to expr888 their grateful thanks to Angela Smith her eff8cIIv8 management and commilment to the home. They also wish lo express thèir appreciation for the hard yrk and dedication of th8 Manager and the staff throughout the year. Audltor In accordance with the companws articles, a resolution proposing th81 Moore NHC Audit Llmited be reappoinled as auditor of th8 company will b8 Put at a General Meeting. Dlsclosure of Informatlon to audltor Each of the Trustees has confirmed th81 there is no informatlon of which they are aware which Is relevant lo the audit, but of which the auditor is unawar8. They have further confirmed that Ih8y have taken appropriate steps lo id&nlify such relevant infomiation and to establish Ihat the auditor is aware of such infomalion. The Trustees, report was approved by th8 Board of Trustees. Mr B Bennett Trustee Dated:
LIBURY HALL STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees, who are also the directors of Libury Hall for the purpose of company law, are responsible for preparing th8 Trustees, Report 8nd the financial statements in accordance with applicabl8 law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Comp8ny Law requlres th8 Tru51ees to prepare financial statements for each financlal year which gtve a true and f81r view of the sts18 of affairs of the Charity and of the incoming resources and application of r&sources. including the income and expendllure, of the charitable company for that year. In preparlng th6se Ilnanclal statements. the Twstees are required to: select sullable accountlng pollcies and Ihen apply them consislenuy: - observe the methods and prlnclples in the Charitles SORP. make ludgem6nls and estlmales that are reasonable and prudent., slate whether applicable UK Accounting Standards have been follow8d, subject lo any malorlal departures dlsclosed and explain8d In the financial 8talemenls- and prepare the linancial statemonls on the going concern basls unless it is inapproprlale to presume that the Ch8rlty wi15 continue In operation. The Trus188s are responsible lor keeping adequate accounting records that disclose wilh reasonable accuracy at any time the flnancial position of the Charity and enable them lo ensure that the financial st8lements comply wllh the Companies Act 2006. They are also responslble for safeguarding the assets of the Charily and h8nce for taking reasonable steps for the prevention and detection of fraud and other irregularities.
LIBURY HALL INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LIBURY HALL Opinlon We have audlted the flnanci81 slalemenls of Libury Hall ('the Charity.) for the year ended 31 March 2025 whlch comprise the Slalement of Flnancial Activities, the Balan Sheet, the Slatement of Cash Flows and the notes to the financial slatemenls, Including a summary of signilicant accounting policles. The financlal reporting framework that has b8en applied in their preparallon is appllcable law and United Kingdom Accounting Standards, including Financial Reportlng Standard 102 The Financi81 R8POrting S¢andard applicable in the UK and Republic of Irgland (Uniled Klngdom Generally Accepted Accounllng Practice). In our opinion, the financial stalemenls.. give a Irue and fair vlew of the state of the charitable companvs affalrs as at 31 March 2025 and of ils Incoming resources and applicatlon of resources, includlng Its income and expenditure. for the year then have been properly prepared in accordance with United Kingdom Generally A¢¢epted Accounting Practice; and have beon prepared in accord8nce wlth the requlrements of th6 Companies Act 2006. Bas18 for oplnion We conducted our audit In accordance with Internatlonal Standards on Audltlng (UK) (ISAS (UK)) and applicable law. Our responslbllilies under those slandards are further descrlbed in the Audllors responslbililies for Ihe 8udit of the Itn8ncial statements S8Ctlon of our report. We are Independenl of the Charlty in aOrdanCe with the ethical requir8m8nls that are relevant lo our audit of the financial statements in the UK, Includlng the FRC'S Ethical Standard, and we have fulflll6d our olher ethical responsibililles in accoTdanc8 With these requirement8. We belleve that th8 audSt evldence we have obtalned Is sufflclenl and approprlata to provlde a basls for our opinlon. Conclusions relatlng to golng concern In auditing the financial statements, wè have concluded that the Truste8s' use of the golng concern basls of accounllng in the preparation of the financlal stalemenls Is appropriate. Based on the work we have performed. we have not identified any materlal uncertainlles relating to events or condltlons Ihat, Indlvldually or collectively, may cast signlficanl doubt on the Charlty's ability to conllnue as a golng concern for a period of al least e1ve months from when the financial slalement5 are aulhorised for issue. Our responsibililies and the responsibllities of the Truslees with resp8Ct to going concern are descrlbed In the relgvanl secllons of this report. Othar Informatlon The other Snformation comprises the Information included in Ihe annual roport, other than lh6 financlal slalements and our audltor's report thereon. The Trustees is responsible for the olher Snformalion. Our opinion on th6 financlal slalements doès not cover the olher Informatlon and, except to the extenl otherwise expllcllly stated In our reporl, we do nol express any form of assurance ¢onclusM)n Ihereon. In connection with our audit of the fina(la1 statements. our responsibility 15 lo read the other information and, in doing so, consider whether the other information is materially inconsistent with the financlal statements or our knowledge oblained in the audil or otheiSe appears to be materially misstated. If we identify such malorial inconsistencies or apparent material misstatemenls, we are required to delermine whether there is a material mlssla18menl in th8 financial stalements or a material misstatement of the other infomalion. If. based on th8 work we have performed. we conclude thal there Is a material misstalem8nt of this other information, we are requlred lo report that fact. We have nothing lo report In thls regard.
LIBURY HALL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LIBURY HALL Oplnlons on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the inforfflation given in Ihg Tnjstees. report for Ihe financial year for which the financlal stalemenls are prepared, which Includes the directors, report prepared for the purposes of company law, is consistent with the financial slat6ment5,' and the directors, report included withln the Trustees, report has been prepared In accordance wilh applicable legal requirements. Matters on whlch we are required to report by exceptlon In the light of the knowledge and understanding of the Charity and ils envlronmenl oblalned in the course of the audlt, we have not idenlilled materlal mlsslalements in Ihe directors, report induded within the Truslees, report. We have nothing to report in respect of the following matters in relation lo whr¢h the Companies Act 2006 requires us lo report lo you if, in our opinion: adequate accounting records have not b88n kept. or returns adequate for our audil have not been rec8ivèd from brdnches not vlslled by us,. or tho flnancial statements are nol in agreement with the accounting records and rglurns., or C8rtaln dlsclosures of trustees, remunaralion specilled by law aré nol mad8,' or we have not reiVed all the infomation and explanations we require for our audit,. or thé Trustees w8re not entitled to prepare the h'nanclal statements in accordance with Ihe small companles regim8 and take advanlage of the small compani8s' exemptions In prepadng thé Trust88s' report and from the requirement lo prepare a strategic report. Responsibllltles of Trusteos As explained more fully In the slal8ment of Trustees. r8spon51bililies, Ihe Truslees, who are also the directors of the Charlly for the purpos8 of company law, are r8sponslble for Ihe preparation of the financlal statements and for bèlng sallsfied that they give a true and fair vlew, 8nd for such internal control as th6 Trustees delermine is necessary to enable the proparalion of flnancial slatemenls that are free Irom malerial misstatement, whether due lo fraud or error. In preparlng Ihe flnancial statements, Ihe Truslees are responsible for assessing the Charity's ablllly to conllnue as a going concem. dlsclosing, as applicable, mallers related lo going concern and uslng the golng concern basls of accounllng unless the Trustees elther Intend to Ilquidale the charitable company or to c6ase operallons, or have no reall8ttc allemallve but lo do so. Audltor's responslbilitles for tho audll of the flnancial statements Our obleclives are to oblaln reasonable assurance about whether the flnanclal 5tatemenls as a whole are free from m8tarlal misslatemenl, whether due lo fraud or error, and lo issue an auditorfs r6POrt that Includes our opinlon. Reasonable assurance is a hlgh level of assurance but is not a guarantee Ihal an audlt conducted in accordance with ISAS (UK) wlll always delect a material mlsstatemenl when il exists. Mlsslalements can arise from fraud or error and are considered material If, indlvidually or in the aggregale, they could reasonably be expect6d lo influence the economic decisions of users taken on Ihe basis of these financlal slalements. Th8 8xlent lo which our procedures are capabte of detecting irregulariti8s. including fraud, is delailed below. A further descrlptlon of our responsibilltles is 8vai12ble on the Financial Reporting Council's website at.. hltps:11 www.frc.org.uklaudltorsresponsibiliti6s. This descrlption forms part of our audilorfs report. Use of our report This report is made solely to the ch8ritable company's members. as a l)ody, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that W6 might slate to the charilable company's members those mallers we are required to slate lo them in an auditor's report and for no other purpose. To the fullest extent P8rmitted by law, we do not accept or assume responsibility lo anyone other than the charilable company and the charltable company's members as a body, for our audit work. for this r8port. or for the oplnions we have formed.
LIBURY HALL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LIBURY HALL F J Q.U,.Ql. Fran¢ls Corblshley (Senlor Statutory Auditor) For and on behalf of Moor8 NHC Audil Limited, SlatutoryAuditor Chartered Accountants 73-75 High Street Stevenage Hertfordshire SG1 3HR Date.. .1.Q.Clec.2025..
LIBURY HALL STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Restrlcted funds funds 2025 2025 Total Unrestrlcted Restrlcted funds funds 2024 2024 Total 2025 2024 Notes Income and endowments from: Donallons and legacles Ch cllvltle Residenllal care home 4.184 7.952 12.136 3.903 3.903 2.182,263 2.182,263 2,006,062 2,006,062 other Irading 8Ctivltles Investments Other incom8 12 450 4,940 12 450 4,940 179 29 17g 29 Total Incomo 2,186.655 7,952 2,194,607 2,011.464 3,903 2,015,367 Expandlture on: harilable Resldentlal car8 home 2,219.954 4,494 2.224.448 2,002,610 2,002,610 Total expendlture 2,219,954 4,494 2,224.448 2,002,610 2,002,610 Net gainslllosses) on Investm6nt8 12 13,428 13,428 48,677 48.877 Net Incomellexpendlture) and movement In fund8 (19.871) 3,458 (16.413) 57.531 3,903 61.434 Re¢onclllatlon of funds: Fund balances at 1 Aprll 2024 3,371,633 24,017 3.395,650 3,314,102 20,114 3,334,216 Fund balances al 31 March 2025 3.351,762 27.475 3.379,237 3.371.633 24.017 3,395,650 The slalement of financlal actMties Includes all gains and losses recognised In the year. All incomo and expendlture derlve from conlinulng activities.
LIBURY HALL BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assels Investments 14 15 2,820,849 532,168 2.854,157 468,740 3,353.017 3,322.897 Current assets Debtors Cash at bank and In hand 16 30,896 107,483 52,305 147,935 138.379 200,240 Credltors: amount8 falllng due withln one year 17 1112.159) (127,487) Net current assets 26.220 72.753 Total assats less current Ilabilltles 3,379,237 3,395,650 The funds of Ihe Charlly Restrlcted Sncome fvnds Unrestrlcted funds 19 20 27,475 3,351,762 24.017 3,371,633 3,3T9.237 3,395.650 The flnancial statements ere approved by the Trustees on ... Mr B Bénnett Trustee Mr A Llddiard Trustee Company regislratlon number 08565062 {Eroland and Wales) 10-
LIBURY HALL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from oporating actlvilios Cash generated from operations 24 42,530 81,857 Investlng actlvltles Purchase of tangible fixed assels Purchase of Inveslmenls Proceeds from disposal of Inveslm8nls Inveslmenl income received {33,162) (50,000) (224.536) 124,S37 450 180 Net cash used In Inve8tlng actlvltlès (82,982) (99,549) Net cash generated from flnanclng actlvltles Net decrease In Cash and cash equlvalents (40,452) (17.692) Cash and cash equlvalents at b8ginnlng of year 147.935 165,627 Cash and cash equlvalonl$ at ènd of year 107,483 147,935 11
LIBURY HALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ountlng pollcles Charlty Informallon Libury Hall is a priv81e company limited by guarantee incorporated in England and Wales. The registered office is , Great Munden, Near Ware. Hertfordshire. SG11 1JD. 1.1 Basls of preparatlon The flnancial slat8menls have been prepared in accnrdance wlth the Charivs memorandum and artlcles of association, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities proparing Ihelr accounts in accordance with the Flnancial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191" The Charity is a Public Benefit Entity as defin8d by FRS 102. Th6 flnancial slalements are prepared in sterllng. whlch is th8 functional currency of the Charlty. Monetsry amounts In th6se financial slalements ar8 rounded to the nearest £. The accounts have been prepared under Ihe hislorlcal cost conventlon, modified lo include certaln flnanclal inslrum8nls at fair value. The princlpal accounllng policies adopted are set out below. 1.2 Golng Concorn Al the time of approvlng the accounts, Ihe Truslees have a reasonable expectatlon that the Charity has adequate resources lo conlinue in operational existence for the for8seoable future. Thus Ihe Trustees continu8 to adopt the going concern basis ol accounllng In preparlng the accounts. 1.3 Charltable funds Unrestricted funds are available for us8 at the dlscrelion of the Trustegs In furtherance of thelr charltable oblectlV8S. Deslgnated funds comprlse funds which have been s8t aslde al the dlscretlon of th8 Trustees for speclflc purposes. The purposes and uses of the designated furKJs are set out In Ihe notes to the financial statemanls. Restricted funds are subject lo speclflc condilions by donors or grantors as to how they may be used. The purposes and uses of the restricled funds are sel out In the notes to the financial statements. 1.4 Income Income is recognised when thg Charity is legally entitled to il after any performance conditions have been mel, the amounls Can be measured reliably, and il is probable Ihat income will be raceived. Cash donations are recognised on receipt. Other donations ar8 recognisèd once Ihe Charlty has been notified of th8 donation, unless perfomiance Gondltions require deferral of the amounl. Income lax recoverable in relatlon to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Légacies ar8 recognised on receipt or otherwise if the Charity has been nolif18d of an impending dislribution, Ihe amount is known, and receipl is expected. If the amount is not krn. the 18gacy is treated as a contingent asset. Residents, fees are accounted for when roceivable. 12-
LIBURY HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Contlnued) 1.5 Expendilure Expenditure is recognised once there is a legal or constructlve obllgation lo transfer economic benefit to a thlrd party. It is probable Ihal a transfer of ecor)omic benefits will be requlred in selllement. and Ihe amount of the obllgatlon can be measured rellably. Expendllure Is classified by aclfvlty. The costs of each activity are made up of the total of dlrect costs and shared costs, Including support costs involved in undertaklng each actlvity. Direct costs allribut8ble to a single aclivlly are allocated dlreclly to that acllvily. Shared costs whlch contribute to more than one acllvity and support costs which are not attributable lo a single activity are apportioned between those acllvilies on a ba515 consistent with the use of resources. Central staff costs are allocaled on the basls of Ilme spent, and dgprecialion chargos are allocated on the portion of th8 assel's use. As the charlty is nol registered for VAT, all expendllure includes VAT and Is recorded on an accrua18 basls. CharStable expenditure is expenditure Incurred in running the h)me and includes gov8mance costs. Governance costs are those costs ass¢xialed wllh the gov8manc8 arrangemenls of the charity, and thesè include audit, legal advice for trustees. costs associat8d with truste8 meetings and the cost of Ihe proparation of the slalulory accounts. 1.6 Tangible flxed assets Tanglble fixed assels are Initially measured at cost and subsequentty measured at cost or valuallon. net of depreclalion and any Impairment losses. Depreclation Is recognlsed so as to wrile off the cost or valuation of assets18ss Ihelr residual values over their useful lives on Ihe followlng bases: Freehold property Plant and equipment 2Yo per annum on cost 5% per annum on cost Freehold land and assets In the course of construction are not depreciated. The gain or loss arising on Ihe disposal of an asset is delemiined as Ihe differenc6 behveen the sale prodS and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Flxed asset Investment8 Fixed asset investments are Inltially measured at transactlon prlce excluding transacllon cosls. and are subsequently measured al fair value al each reportlng dale. Changes in fair value are recognisod in net incomel(expendilure) for tho year. Transaction costs are expensed as incurred. 1.8 Impalrmènt of flxed assels Al each reporting end date, th8 Charity reviews th8 carrying amounts of ils tangible assets lo determine whether there is any indlcalion that those ass8ts hav8 suffered an impairment loss. If any such indication exists, the recoverable amount of lh6 8sset is 8stimal8d In order to determine the extent of the Impairment loss (if any). 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held al call with banks and other short-term Ilquid Investments with original maturilies of three months or less. 13-
LIBURY HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policles (Contlnued) 1.10 Flnancial Instrumenls Th& Charily has elected to apply the provisions of Section 11 'Basic Financial Inslrumenls. and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of its financial Instruments. Financial Instruments aro recognlsed in the Charity's balance sheet when the Charity becomes party to the contractual provI8ions of the instrument. 1.11 Employee benefits The cost of any unused holiday entitlement Is recognised in the period In which the employee's services are recelv8d. Terminallon beneflls are recognised Immedlat81y as an expense when the Charlty is d8monstrably committed lo lerminale the employment of an employee 01 lo provlde termlnation b8nofils. 1.12 Retirement beneflts Payments to d8fin8d contrlbulion retlr6ment beneflt schemes are charged as an expense as they fall due. 1.13 Governmont grants Government grants are r6cognlsed at the falr value of the asset recelved or r@1vabl8 when there Is reasonable assurance that the grant condillons wlll be mel and the grants wlll be received. Governm8nt grants relating lo turnover are r8cognised as income ov8r the perlods when the related Costs are Incurred. Income from donallons and 18gacles Unrestrfcted Restrlcted funds funds 2025 2025 Total Unrestrlcted Restrlctod funds funds 2024 2024 Tolal 2025 2024 Donations and gifts 4.184 7.952 12.136 3,903 3,903 Income from chaTltable actfvitles Unrestrlcled Unrestrlcted funds funds 2025 2024 R6sldentlal care home Residents. fees 2,182,263 2,006,062 14-
LIBURY HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 In¢ome from other trading activities Unrestrlcted Unrestricted funds funds 2025 2024 Shop income 12 Income from Investments Unreslrlcted Unrestrl¢ted fund5 funds 2025 2024 Interest receivable 179 450 Other Incom• Unreslrlcted Unrestrlcted funds funds 2025 2024 Other Incom8 29 4.940 15-
LIBURY HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable actlvitles Resldential Resld8nllal care hom8 care home 2025 2024 Dlrect costs Staff cosls Depreciation and impairment Repairs and decorations Food and beverag8S Household andlaundry Travel 8xpenses Light and healing Telephon8 Water Insurancè Garden Staff recruitment and training Residents, soclal and amenty expenses Offlce axpenses Olher expenses 1,625.584 66.469 109,315 116,512 33,047 36,240 80,451 15.811 5,531 32.115 15,751 10.168 4.494 40.420 4.557 1,463,253 66.047 120,770 110.502 33,008 31,850 57,665 14,802 9,659 31,303 15,730 1,997 25,265 3,595 2,196,463 1,985,446 Share of support and governance costs (see note 8) Governance 27,985 17,164 2,224,448 2,002,610 Analysls by fund Unreslrlcted funds Restricted funds 2,219,954 4,494 2,002,610 2,224,448 2,002.610 Support Costs allocated to actfvftles 2025 2024 Governance cosls 27.985 17,164 Analysed bètwe8n: Residentlal caro home 27,985 17,164 16-
LIBURY HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movement In funds 2025 2024 The net movement In funds is stated after chargingl(crediting).' Fees payable for the audit of Ihe charlty's fInala1 statement5 D&preciation of owned langibte fixed assets 14,218 66.469 9,768 66,047 10 Trustees None of the trustees (or any persons connected with them) recelved any remuneralion durlng the year and none of the trustees wer6 relmburs6d any expenses (2024 no T¥ust68 receiv8d remunerallon or was relmbursed). 11 Employees The average monthly numb8r of 8mploye88 during the year was: 2025 Number 2024 Number 50 44 Employment costs 2025 2024 Wages and salarles Soclal securlty costs Other pensron costs 1.463.731 127,602 34,251 1,329,036 108,345 25,872 1.625,584 1.463,253 The number of employees whose annual remuneration was more than £60,000 15 as follows.. 2025 Number 2024 Number £60,000 - £70,000 Remuneratlon of key management personnel The remuneration of key management personnel was as follows: 2025 2024 Aggregate compensation 248.943 242,258 17-
LIBURY HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Gains and losses on investments Unr88trlcted Unrestrlcted funds funds 2025 2024 Gainsl(losses) arising on.. Revaluallon of investments 13,428 48,677 13 Taxatlon The charity 15 exempt from taxation on Its actlvilles because all its Incom6 is applied for charllable purposes. 14 Tangible fixed assets Fro¢hold proporty Plant 8nd •4ulpment Totql Cost At 1 Aprll 2024 Addlllons 3,275.085 15,172 63,164 3.338,249 17,990 33,162 At 31 March 2025 3,290.257 81,154 3,371.411 Depreclatlon and Impalrmont At 1 April 2024 Depreclatlon charged In the year 451,371 62.400 32.722 4,069 484,093 66,469 Al 31 March 2025 513.771 36,791 550,562 Carrylng amount At 31 March 2025 2,776,486 44,363 2,820,849 At 31 March 2024 2,823,715 30,442 2,854,157 18-
LIBURY HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Flxed asset Investments Listod Investments Cash in portfollo Total C05t or valuatlon Al 1 April 2024 Additions Valuation changes 465,524 50,000 14,567 3,216 468,740 50.000 13,428 (1,139> At 31 March 2025 530,091 2.077 532,168 Carrylng amount At 31 March 2025 530,091 2.077 532,168 Al 31 March 2024 465,524 3,216 468.740 16 Debtors 2025 2024 Amounts lalllng duo wlthln one year: Trade debtors Other debtors Prepayments and accrued Income 2,511 1,785 25,851 24,669 28,385 30,896 52,305 17 Credltors: amount8 falllng duo wlthln one year 2025 2024 Other laxalion and social securlty Trade creditors Accruals and deferred Income 29,062 50,258 32.839 25,998 61,325 40,164 112,159 127,487 18 Retlremont benefll schemes 2025 2024 Deflned contrlbutlon schemes Charge to profil or loss in respect of delined contribution sthemes 34,251 25.872 The Charlly operates a defined conlrlbution pension scheme for all qualifying employees. The assets of Ihe scheme are held separately from those of th8 Charity in an independenlly administered fund, 19-
LIBURY HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Restrlcted lunds The restrlcted funds of the charily comprlse the un8xp8nded balances of donalions and grants held on trust subject to specific conditions by donors as lo how they may be used. At 1 April 2024 Incomlng resourcés Resources At 31 March xptsnded 2025 Am8nlty fund 24,017 7,952 14,494> 27,475 Provlous yaar: At 1 Aprll 2023 Incomlng Yesources Ro30urces At 31 March expended 2024 Am8nily fund 20,114 3,903 24,017 The Amenity fund represents money recelved from fundralslng on behalf of resldents and15 managed for the general benefit of 811 resldents al the home. 20 Unrestrlcted funds Th8 unrestrlcled funds of the charlly comprise th@ unexpended balances of donallons and grants which are not subject to speclfic condS1ions by donors and grantors as to how they may b8 used. These Include d8signated funds whlch havè b8en set aside oul of unrestricted lunds by the trustees for sp8clllc purpos8S. At 1 Aprll 2024 Incomlng Rosources rnsource8 oxpendad Galns and At 31 March lossos 2025 Deslgnaled fund General fvnds 2.854.157 517,476 17,990 2,168,665 (66.4691 (2.153.485> 2.805.677 546.085 13,428 3,371,633 2,186.655 (2.219.954} 13,428 3,351.762 Prevlous year: At 1 Aprll 2023 Incoming resources Resource5 expended Galns and At 31 March losses 2024 Designaled fund General funds 2,920.205 393.897 (66,048) 2,077,512 2,854,157 517,476 (2.002.610) 48.677 3,314.102 2.011,464 (2.002,610) 48,677 3,371.633 The d8slgnaled fund represents the net LN)ok value of the charivs langible fixed assets.
LIBURY HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Analysls of net assets between funds Unreslricted funds 2025 Restricted funds 2025 Tolal 2025 At 31 March 2025: Tanglble assets Inveslmenls Current asselsllllabilllles) 2.820,849 532,168 (1.255) 2,820.849 532,168 26,220 27,475 3,351,762 27,475 3,379,237 Unrestrlcted fund5 2024 Re6trlct8d funds 2024 Total 2024 Al 31 March 2024: Tangible assets Inveslmenls Current asselsl(Ilabllities) 2.854,157 468,740 48,736 2,854.157 468.740 72,753 24,017 3.371,633 24.017 3,395,650 22 Related party Iransactlons During the year, th8 charity was charged fees £NII {2023 £3321 by Chapelfarm Consullants Llmlled relating to the ongolng development and malnlenance of the charlty's properties. All of the fees have been charged to Ihe statement of flnancial actlvilies and are Inclusive ol Irrecoverable VAT. 23 Subsequent events Subsequ&nl lo the year end, the charity entered into and cornmencod major refurbishment works to Ils freehold prop8rty with Chapelfarm Consult8n18 Ltd. The cosl of the works Is expected lo be approximately £292,000. 21
LIBURY HALL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Cash generated from operatlons 2025 2024 (Deficit}18urplus for the year (16.413) 61,434 Adjustments for.. Investment income recognbsed in slatement of financial activities Fair valu8 gains and losses on investments Dapraciatlon and Impairment of tangible fixed assets (179) (13.428) 66,469 (450) (48,677) 66,047 Movaments In worklng capltal: DecreasellincreasB) In debtors (Decreaselllncrease In creditors 21.409 115,328) (29,880) 33,383 Cash generated from operatlon$ 42,530 81,857 25 Analysls of changas In net funds Thg Charity had no material debt during th8 y8ar. -22-