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2022-03-31-accounts

100 Y E A R S O F VETERAN CARE

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contents

5 FOREWORD

6 ABOUT US

Our Vision .............................................................8 Overall Charity Mission Statement .......................8 Charity Objectives .................................................8 Values ....................................................................8 Public benefit .........................................................8

10 GOVERNANCE & MANAGEMENT

The Trustee Body..................................................10 New members of the Team ...................................11

12 ACHIEVEMENTS & PERFORMANCE Charitable Activities The Care Home .............................................. 12-17 Derrick Corfield ...................................................18 The Support Hub ..................................................21 Veterans Places, Pathways and People Programme .. 28 Veteran Care Village Project ...............................22 Fundraising Activities ..........................................30 Our Supporters ....................................................32

34 FINANCIAL REVIEW

Income .................................................................34 Restricted Fund ...................................................34 Expenditure .........................................................34 Reserves Policy ....................................................34 Investment Powers and Policy .............................35 Creating a Sustainable Financial Future for the Charity Risk Management .......................35 Statement of Trustees Responsibilities .................37

39 GOVERNING BODY

44 AUDITOR'S REPORT AND FULL ACCOUNTS

Broughton House,

Park Lane, Salford. M7 4JD 0161 740 2737 www.broughtonhouse.com @broughtonhouse

The Charity is registered with the Charity Commission under charity number 1155225.

All assets and land were transferred from the former Unincorporated Charity (number 227864) to the new Incorporated Charity (number 1155225) on 1 April 2014.

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FOREWORD

In continuation of a hugely difficult 2020/2021 for Broughton House, my foreword for the year 2021/2022 starts again with a focus on circumstances beyond the control of both the Charity and the Care Home. The year has, once again, been dominated by the effects of the Covid-19 pandemic. Notwithstanding the slight recovery and return to ‘normality’ towards the end of the reporting period, the care of our residents, their families, our staff and our supporters has been dominated by a necessary reactive stance to the impact of the pandemic on our day-to -day routines; indeed, we are, at the time of writing, still subject to lockdowns and protective measures.

In the midst of the pandemic though we have had achievements, victories and successes.

The successes have been many; completion of the second wing of the new build, the opening of our independent living apartments, the delivery of the wonderful garden spaces, the opening of many of our functional residence areas and facilities such as the gymnasium and community spaces. We have also had success in governance with formal visits by the Care Quality Commission and Safeguarding Authorities resulting in positive and comforting assurance as well as our burgeoning role within the Armed Forces Veteran Community via our increasingly successful and relevant Armed Forces Support Hub. We have also had many wonderful gatherings as we celebrate and commemorate the work of our veterans – Remembrance Day and Merchant Navy Day particularly come to mind.

We are also extremely proud to announce that in January 2022 Broughton House was awarded the North West Portfolio Lead by the Armed Forces Covenant Fund Trust Veterans Places, Pathways & People (VPPP) Programme.

As the only care home in the North West delivering dedicated veteran care the need to expand and diversify our level of care is paramount to meet the growing and changing needs of veterans both now and in the future.

The more challenging side of the equation has been the impact of the pandemic, the restrictions which we have had to put in place, and in particular our disappointment that we have not been able to invite families and friends into our magnificent new home as we would have wanted. As these restrictions ease, we look forward to receiving visitors, and to welcoming new residents to the home.

Throughout our successes and trials, our loyal and hard-working staff continued to work tirelessly and their dedication throughout the pandemic and now recovery phase has been nothing but outstanding. We are immensely proud of them all. And a thank you too to the numerous charitable and governmental organisations that have engaged, counselled, supported and encouraged us – we are extraordinarily grateful.

Finally, as reported last year, there continues to be a widening divergence between the actual cost of care and the care home fees available to us. Broughton House relies heavily on donations to finance the individual care we provide. We remain ever grateful for the tremendous support from a wide range of individuals and organisations. This funding is critical and allows us to continue our work in caring for and supporting our veteran community.

We trust the content of this report will give you a good insight into the year, the ongoing work of the Charity and our future plans.

P Waterhouse

COMMODORE P WATERHOUSE

CHAIRMAN

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about us

We care for and support veterans and their families

Broughton House was originally founded under the name East Lancashire Home for Sailors and Soldiers in 1916 to care for sailors and soldiers who had been injured during the First World War.

The Charity is registered with the Charity Commission under charity number 1155225. All assets and land were transferred from the former Unincorporated Charity (number 227864) to the new Incorporated Charity (number 1155225) on 1 April 2014.

Today, the Charity cares for and supports exService Men and Women, and their spouse or civil partner, who are in need of care and support. We believe in providing the highest quality of care and support for all our Residents. The following key objectives of the Charity are set out in the Constitution which governs the Charity:

In an effort to raise revenue, applications for funding are made by Broughton House to benevolent associations and grant making trusts. Funds from voluntary sources are raised by appeals and running events to supplement fee income.

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about us

VISION

To be the leading provider of consistent, sustainable care and support to the maximum number of Veterans[1] and their families in the North West.

OVERALL CHARIT Y

MISSION STATEMENT

To meet the ever-changing needs of Veterans and their families by providing care, support, and friendship.

VALUES

CHARIT Y OBJECTIVES

The main activities, aims and objectives of the Charity are reviewed annually.

PUBLIC BENEFIT

The main activities, aims and objectives of the Charity are reviewed annually.

The Trustees, having had regard to guidance on public benefit issued by the Charity Commission, confirm that the charitable purposes fall within the definitions set out in the Charities Act and, therefore, are for public benefit.

1 As defined in the Armed Forces Covenant

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governance & management

T H E T R U S T E E B O D Y

The Constitution of the Charity provides that the Trustee Body shall consist of not less than seven and no more than 15 Trustees. Each Trustee shall normally serve a term of three years. Any retiring Trustee shall be available for re-election unless indicating their wish not to be considered for re-election. A Trustee who has served for three consecutive terms may not be reappointed for a fourth consecutive term but may be reappointed after an interval of at least one year.

In selecting individuals for appointment as Trustees, the Board of Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the Charitable Incorporated Organisation (CIO). Ideally the Board of Trustees should have a varied range of skills, backgrounds and experience, including service in the Armed Forces, the Merchant Fleet, and professional Medical and Nursing, Finance, Legal, Administration, Buildings and Estate Management experience. Newly appointed Trustees receive induction training relating to the work of the CIO.

The Constitution of the Charity governs the appointment of Trustees. The Board of Trustees is authorised to appoint new Trustees to fill vacancies through retirement, resignation, or death of an existing Trustee. Every Trustee must be appointed for a term of three years passed at a properly convened meeting of the Trustees. The Board of Trustees usually meet on a bi-monthly basis.

The Chief Executive is responsible for the dayto-day management of the Charity, Care Home Village and Armed Forces Support Hub and for implementing the policies agreed by the Trustees. Responsibility for care delivery is delegated to the General Manager by the Chief Executive.

The Board actively encourage equality, diversity and inclusion across the Charity and recognise the value of a diverse Board and actively considering this within their recruitment process.

Sub Committees appointed by the Trustee Board comprise:

N E W M E M B E R S O F T H E T E A M

T R U S T E E B O A R D

PETER CURTIS, TRUSTEE

Peter joined the Royal Air Force on a short service commission (SSC) in the summer of 1984 and went on to serve as a Fast Jet Pilot in RAF Germany. During his time abroad Peter was deployed to Cyprus as a part of Operation Granby in preparation for what became the Gulf War. His time in Germany spanned the fall of the Berlin Wall and subsequent German Reunification. Having completed his SSC, Peter left the service and went on to complete a Master’s degree in Business Administration at Cranfield Business School before commencing a second career in the independent healthcare sector.

Peter managed a number or prestigious private hospitals, including the well-known Portland Hospital for Women and Children in London before transitioning to the aged care sector where he led a number of successful care home groups as Chief Executive Officer. Peter finished his career in the independent health care sector in mental health, again leading and growing a highly successful specialist hospital group who cared for children and young adults with serious eating disorders.

Peter has two grown up daughters and has recently retired. He lives near Woburn with his wife and two labrador dogs. Peter’s hobbies including watching almost any sport and playing golf and also enjoys travelling. Peter was delighted to be asked to service as a Trustee of Broughton House where he believes he will be able to combine his two passions, healthcare, and the support of veterans.

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achievements & performance

C H A R I T A B L E A C T I V I T I E S – T H E B R O U G H T O N H O U S E C A R E H O M E

The new Veteran Care Village is transformational for the Charity and is designed to meet the care and support needs of the Veteran community from the moment they leave the Armed Forces until their final days. As the only care village in the north-west delivering dedicated Veteran care, we continue to address, expand and diversify our services to meet the growing and changing needs of Veterans today and in the future.

Over the past twelve months Broughton House has focused on emerging from the pandemic in a strong and sustainable position. We are pleased to report that during this period the Care Home has largely remained open to new Residents with only one short period of Covid outbreak, which was well contained and managed.

The home has provided care to 46 Residents. 69% of Residents received residential care and 31% received nursing care. We are continuing to steadily rebuild our occupancy rates.

QUALIT Y ASSURANCE

Significantly, we successfully underwent inspection and registration of the phase 1b wing of the new Care Home by the Care Quality Commission (CQC). This has enabled us to increase our care home registration from 32 to 64 and open six independent living apartments.

We had a further good start to the year when we had our first in-person Infection Prevention and Control Audit from the Local Authority, achieving a 98% score. This is testament to the hard work and knowledge of all the teams at Broughton House who continue to deliver highly rated excellent care. This has been evidenced this year by our very positive reviews on CareHome. co.uk, the country’s leading independent care home review site, where we have achieved a score of 9.8. Our annual safeguarding audit was successfully completed with a fantastic green status outcome and only two actions to complete in our subsequent action plan.

The CCG continued to undertake assurance visits this year with no issues raised and commenting positively on colleague engagement and the clean modern environment we maintain.

We have overhauled and modernised our quality assurance and compliance systems and we are pleased to report that we have undergone a successful mock CQC inspection by the CCG. Our pathway to Outstanding includes a Home Improvement Plan which is a live document regularly updated and captures every action we take in order to achieve this ambition. Our key areas of focus are a) the dining experience b) our wellbeing offering and c) increasing personalisation through our care plans.

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DEMENTIA

STAFFING

Since we have opened 16 general residential rooms on our new Donald Gibbs[1] household, we have been able to dedicate the Charlie Fox[2] household to those living with dementia. This has allowed us to focus our use of the latest technology to enrich the quality of our wellbeing programme for these Residents.

Recruitment of new Staff has been challenging, as it has across the entire care sector. However, we are working to address this, together with a specialist recruiter, and are pleased to report that we are making good progress in this area.

Good communication, effective operating procedures and well understood legislation are critical components in the Health and Social Care environment. The continuing focus for Broughton House Staff is the need to ensure effective and targeted care that promotes dignity, respect, and independence for all Residents. In line with this, we have continued to work closely with Salford Care Home Practice, the CCG, The Northern Care Alliance, and the Local Authority.

The recent addition of the Tovertafel (Magic Table) games console and mini tablet, funded under the Armed Forces Covenant Trust Senses Project, has proven a big success in creating a calm and sensory environment. The games on the Tovertafel are codesigned by people with dementia and have been found to stimulate brain activity and encourage physical movement. They clearly lift our Residents’ mood and wellbeing and are a great talking point amongst Staff and Residents. We aim to increase the use of this type of technology over the coming year, with the use of robotic pets and HUGS sensory products.

VISITS AND ARMED FORCES LINKS

Our Armed Forces Support Hub, along with Residents’ friends and families, have all played their part this year in supporting the mental wellbeing of our Residents. As soon as it was safe to do so, we started to arrange external visits for our Veterans: - the newly opened Bridgewater RHS Gardens, Imperial War Museum, Manchester Airport, Heaton Park, and weekly shopping, to name but a few.

TECHNOLOGY

The successful implementation of technology continued this year with the installation of electronic medicines administration, a system designed to mitigate errors and free up colleague time. Our chosen supplier Atlas has now been audited in operation by the CCG pharmacy team and was declared best in class and recommended to other care homes.

We continue to maintain strong links to the Armed Services which our Residents and colleagues highly value and appreciate.

1 Donald Gibbs was Broughton House’s first Chief Executive

1 Donald Gibbs was Broughton House’s first Chief Executive

2 Charlie Fox was Broughton House’s first Resident

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DERRICK'S STORY

DERRICK CORFIELD; WW2 VETERAN

Born; 31st March 1927 Brought up;

Irlam O’th heights and Pendlebury, Salford. .

War Service at Home:

Derrick was too young to serve in the Armed Forces before WW2 ended so he joined the Home Guard and was attached to the Manchester Regiment in 1943, then the Lancashire Fusiliers.

Merchant Navy;

Having previously been a Sea Scout he volunteered to serve in the Merchant Navy and his mother reluctantly agreed to let him go to sea at the age of 16, achieving his schoolboy ambition.

Training;

After a month’s training in seamanship at a Mariner’s training school in Wallasey where, with his Scouting experience, he became a Cadet Petty Officer and Course Leader.

War Service at sea;

On 26th February 1944 he went to sea as a crew member in the fast, ocean-going passenger liner, the RMS Orion, which had been refitted to carry 7,000 troops on wartime service. Before D-Day in June 1944 Derrick and his comrades ferried US and Canadian troops across the Atlantic to Liverpool for the invasion of Europe. Derrick’s “action station” was manning one of the 20mm anti-aircraft cannons after he underwent a “crash” gunnery course with the RN in Greenock whilst his ship was undergoing maintenance on Clydeside.

Derrick was constantly exposed to the possibility of his ship being torpedoed without warning and having to abandon ship in mid-Atlantic with little prospect of another ship being able to stop and rescue him.

Medals;

1939/45 Star

Atlantic Star

Pacific Star

Victory Medal Fire Brigade Long Service Medal

RMS Orion.

Derrick sadly passed away on the 7 August 2022. He is deeply missed by all connected to Broughton House.

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achievements & performance

C H A R I T A B L E A C T I V I T I E S – T H E B R O U G H T O N H O U S E S U P P O R T H U B

A key component of the Veteran Care Village concept, the Broughton House Armed Forces Support Hub (the Hub) was established in January 2018. It is a Greater Manchester and surrounding areas, non-residential service, aimed at supporting Veterans and their families in the community. Alongside leading strategic organisations and agencies, the Hub works collaboratively to provide front line support to the entire armed forces community including serving personnel, reservists, early service leavers, Veterans, and their families. Over the past 12 months the Hub has supported 43 Veterans and 9 family members.

The Hub delivers a service that supports the five pillars of wellbeing: –

Staffing for the Hub, including enhanced resources through Wigan, consists of a Hub Manager and Social Prescribing Co-ordinator, a Mental Health Clinical Lead, and a number of Therapeutic Counsellors and Welfare Officers.

Broughton House Hub Objectives:

Working in partnership with the Armed Forces Community HQ (Wigan), the Hub enables collaborative working between service providers to offer a single point of contact for the client journey, ensuring access to services, full needs assessments and direct, bespoke referral pathways, in a friendly, unique, fast, and comprehensive way. The Hub provides wellbeing and welfare support, including therapeutic counselling free at the point of delivery when other support is not available or is subject to substantial waiting lists and delays.

The Hub has been able to return to face- to-face interventions after the limitations experienced during covid, whilst continuing to provide remote support (online and telephone) for those who are unable to attend Broughton House, thereby enabling the Hub to reach those most vulnerable who need help. Issues experienced by Veterans and their families continue to impact, with isolation being a significant factor, often leading to poor mental and physical health and/or substance dependency.

The Hub is an integral part of Broughton House and the demand for the services the Hub offers continues to grow.

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Achievements & performance

C H A R I T A B L E A C T I V I T I E S – V E T E R A N C A R E V I L L A G E P R O J E C T

We are delighted to report that the £12.5m scheme to transform Broughton House into the UK’s first Veteran Care Village has been completed and was officially handed over by the Eric Wright Construction Team to Broughton House on the 11th November 2021.

Following the demolition of the original home in 2020, the site has been transformed into a modern complex featuring a 64-bed care home and six retirement apartments, designed with the purpose of offering trailblazing provision for the North West’s ageing Armed Forces community.

The building also has an array of modern facilities, including a gym, a hairdressing and barber’s salon, and a restaurant and bar for our Residents.

The project has been a complex undertaking and would not have been possible without the support of the Stoller Trust, led by Sir Norman Stoller, the Service Charities, grant-making trusts, the Greater Manchester Combined Authorities, and individual supporters. We are indebted to them for their support and encouragement for our work in wholeheartedly backing the development of the UK’s first Veteran Care Village.

The Stoller Wing of the newly-built care home – named in honour of North West businessman and philanthropist Sir Norman Stoller, who donated £4m to the project, pays homage to our rich history with a museum brimming with fascinating stories of former Residents, rare war medals and historic memorabilia, keeping the memories of the fallen well and truly alive.

The care home comprises of four 16-bed households offering residential, nursing and dementia care.

We are very proud of what we have achieved during these difficult times and are delighted to be able to welcome visitors and showcase the new Veteran Care Village.

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Achievements & performance

V E T E R A N S P L A C E S , P A T H W A Y S & P E O P L E P R O G R A M M E – N O R T H W E S T P O R T F O L I O L E A D

In January 2022 the Armed Forces Covenant Fund Trust (AFCFT) awarded grants to ten Portfolio Regions throughout the UK as part of the Veterans Places, Pathways & People (VPPP) Programme. Broughton House Veteran Care Village, in partnership with Armed Forces Community HQ, was successful in its bid as the Portfolio Lead for the North West, incorporating Cheshire, Merseyside, Greater Manchester, Lancashire and South Cumbria.

Member Organisations of VPPP North West:

Armed Forces Community HQ

Advocacy Focus

Armed Forces Support Hub

Burnley FC in the Community

College for Military Veterans and Emergency Services (CMVES)

Fighting With Pride

Forces Link

Greater Manchester Combined Authority (GMCA) Lancashire Hub Lancashire & South Cumbria NHS Trust

The VPPP Programme aims to: -

Tom Harrison House

University of Chester (Westminster Centre for Research in Veterans) Veterans HQ Liverpool Veterans in Communities

Walking with the Wounded

The North West Portfolio includes 16 funded partners, and an extended associate membership, leading projects to support the aims and objectives of the programme, which is funded for two years. The North West Portfolio has formed the Forces Wellbeing Collective, which has the vision to ‘level up’ provision by enabling organisations, professionals and volunteers across public, statutory and third sector services to collaborate and ensure quality of delivery in supporting Veterans, their families and carers. This approach is underpinned by five key pillars: Governance & Quality Assurance, Monitoring and Evaluation, Sustainability and Collaboration, Workforce and Skills Development, and Veterans’ Voice.

Part of the Veterans’ Mental Health & Wellbeing Fund

VETERANS’ PLACES, PATHWAYS & PEOPLE PROGRAMME

----- Start of picture text -----
By Veterans, For Veterans
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A programme to create better, sustainable support for veterans in the communities where they live

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Veterans’ Places, Pathways and People Programme | 1

Achievements & performance

F U N D R A I S I N G A C T I V I T I E S

The Charity is registered with the Fundraising Regulator and works within the Fundraising Code of Practice. The Charity is committed to employing the highest standards in its approach to fundraising.

Over the past two years the environment for fundraising activity has been particularly challenging and the Covid-19 pandemic has significantly affected our fundraising efforts.

We are particularly grateful for the specific Covid-19 Support grants we received from the Armed Forces Covenant Fund and from Salford City Council.

The Charity depends on voluntary income to supplement fee income to meet the full cost of the care provided to Residents. We remain indebted to our supporters, not least the Army Benevolent Fund ‘The Soldiers Charity’, the Royal Air Force Benevolent Fund and the Royal Navy Royal Marines Charity who all made significant grants to support our annual operating costs. Furthermore, we remain immensely grateful to the Armed Forces Covenant Fund, the Veterans Foundation, Queen Mary's Roehampton Trust, the Zochonis Charitable Trust, Trinity House, Salford Bereavement Services and Booth Charities for their very generous grants towards our work. Without this support and other kind donations, the Charity would struggle to continue.

Support to the Capital Fund was led by the Stoller Trust and we remain indebted to the Trust for their continued affiliation and support for our work. Grants towards the capital project were also received from the Jules Thorn Charitable Trust and the Michael Bishop Foundation.

Whilst our fundraising events programme has been sadly limited due to the pandemic, a team of volunteers bravely undertook a sponsored skydive in September 2021 and raised over £5000.

Fundraising income is critical and enables Broughton House to continue to provide care and support to the ex-Service community.

The Trustees are most grateful to all our loyal supporters, volunteers and friends for their continued dedication and support that we receive.

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achievements & performance

O U R S U P P O R T E R S

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financial review

financial review

The Finance Committee oversee the management of the Charity’s finances.

INCOME

Income for the year 2021/2022 totalled £3,153,549 broken down as follows:

There continues to be an ever-widening divergence between the actual cost of care and the care homes fees set by the local authorities.

Income from resident contributions, accounted for 73% of unrestricted fund income. Fee income has reduced due to the sad loss of Residents following the Covid-19 outbreak in the Care Home coupled with lower occupancy whilst the phase 1b residential wings were being constructed.

The current environment for fundraising continues to be challenging and we are most grateful for the Covid-19 Relief Grants which we received during the financial year.

Restricted Fund

The Restricted Fund income totalling £1,912,322 is inclusive of £1,587,786 towards the new build project.

Designated Fund

The Designated Fund at year-end totals £8,116,218 and includes:

A combination of spending required to deliver safe practices, particularly during COVID RED periods, and loss of income consequently led to the financial implication of an annual operating deficit. This required higher additional financial support than originally forecast in the year from the Charity’s Reserves.

EXPENDITURE

Expenditure on the Veteran Care Village is closely monitored and overseen by the Board of Trustees.

All areas of financial expenditure are closely scrutinised and balanced against operational safety in the delivery of care.

SALE OF LAND

During the current year the Charity entered into a conditional contract to sell surplus land for the development of apartments. The sale of the land has been agreed, subject to securing planning permission.

TRUSTEES’ CONFIRMATION

The Trustees confirm that the accounts have been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) effective January 2015.

RESERVES POLICY

It is the policy of the Trustees to maintain a Reserve Fund at a level that equates to at least three months of unrestricted expenditure. This provides sufficient funds to cover costs in the unlikely event of normal sources of income drying up.

A combination of spending required to deliver safe

practices, particularly during the Covid pandemic, and loss of income from reduced occupancy consequently led to the financial implication of an annual operating deficit. This has required higher additional financial support from the Charity’s Reserves. Ultimately, the Reserve Fund has been deployed for its designated purpose.

At 2021/2022 year-end the Reserve Fund totalled £192,204 (2020/2021 year-end total £273,520).

Monies from the Reserve Fund have been utilised to cover additional operational costs resulting from the Covid-19 crisis and the capital project start-up costs.

INVESTMENT POWERS & POLICY

To increase the efficiency of the investment process the Charity’s Broker has been given discretionary authority to invest on the Charity’s behalf. Changes in the investment portfolio continue to be monitored by the Trustee Board on a regular basis and the Investment Fund Manager is invited to brief the Board every six months.

CREATING A SUSTAINABLE

FINANCIAL FUTURE FOR THE CHARITY

Broughton House has fixed assets with property and plant, which are fundamental to the business, with a book value of £12,628,123.

Investments which are held in the Charity’s Reserve (Designated) Fund are valued at £192,204.

It is the policy of the Trustees to maintain a Reserve (Designated) Fund at a level that equates to at least three months of unrestricted expenditure and to place all windfall income, such as legacies, directly into the Charity’s Reserve (Designated) Fund. As noted under Reserves Policy, the Reserves held currently fall below this level.

Monies placed into the Reserve Fund are held in an investment portfolio with percentage yield / return based on investment strategy and financial markets. This fund is used to meet any General Fund deficit and assists with emergency funding in the unlikely event of normal sources of income drying up and ensures business continuity in the event of a major or unexpected event at the Home.

The Charity currently depends on voluntary income to supplement fee income and meet the full cost of the care provided to a high percentage of its Residents. A significant proportion of this income is received from the Service Charities, Trusts, Legacies and individuals who have direct experience of the Second World War and subsequent conflicts in which Forces served. The Charity must keep in mind that the level of legacy and voluntary income may fall significantly in future years as the Armed Forces reduce in number and consequently those in contact with them falls.

When setting care fees, the Charity seeks to achieve a balance between affordability and a level that is consistent with providing first class care and accommodation for Residents, in order to ensure the long-term financial viability of the Charity. This means that we welcome Residents whose care is funded from a variety of sources.

The Charity seeks not to exclude any potential resident on the grounds of financial hardship, however due to financial constraints the Charity continually reviews and if necessary, limits the number of Local Authority funded placements they are able to support.

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financial review

FUNDING SOURCES

GOING CONCERN STATEMENT

Following consideration of the capital cost of the Veteran Care Village, the ability of the Charity to meet the Veteran Care Village’s operating costs during the period of reduced residential beds as a result of the build phase, and the consequences of the COVID-19 pandemic, the Board of Trustees agreed key actions to ensure the future of the Charity: –

1) GMCA Loan Facility

Agreement to extend a loan facility with the Greater Manchester Combined Authorities.

2) Sale of Phase 2 Land

Agreement to lease the land which was previously earmarked for Phase 2 of the build project. The Agreement for Lease of the Phase 2 Land was exchanged in June 2021.

Furthermore, the Greater Manchester Combined Authorities have agreed in principle an additional working capital facility of up to £250,000 should this be required.

The Charity is guided by regularly updated strategic, business, and financial plans.

With the extended loan and sale of land agreed, the Trustees confirm that Broughton House – Veteran Care Village is considered to be a ‘going concern’ for the forthcoming financial year and foreseeable future.

KEY MANAGEMENT & PERSONNEL REMUNERATION

Key management personnel of the Charity are considered to be the Board of Trustees, together with the Chief Executive and Registered Manager who are responsible for directing and controlling the Charity and the running and operating of the Charity on a day to day basis.

All Trustees give of their time freely and no trustee remuneration was paid in the year.

The pay of the Charity’s Chief Executive and Registered Manager is reviewed annually and normally increased in accordance with average earnings. The remuneration is also bench-marked with grant-making charities of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles.

RISK MANAGEMENT

Major risks to the Charity as identified by the Trustees and listed in the Risk Register have been reviewed and appropriate action has been taken and systems have been put in place to mitigate the risks. Records exist to show that statutory and local procedures are being implemented. Statutory requirements and procedures are constantly under review.

The principal risks facing the Charity are set out as follows:

Currently the long-term financial sustainability of the Charity is compromised: reduced income from fees and an increase in running costs has had an impact on our Reserves as we deployed funds from our investments in order to fund our operations. In addition to this, the Reserve Fund has been utilised for the project start-up costs. Mitigation has included positive actions to improve our profile, occupancy and fundraising performance over the next few years as outlined in our objectives.

STATEMENT OF TRUSTEES

RESPONSIBILITIES

The financial statements of the Charity, which is a public benefit entity under FRS 102, have been prepared in accordance with:

The Trustees are to prepare financial statements for each financial year, which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements the Trustees are required to:

The Trustees are responsible for keeping accounting records, which disclose, with reasonable accuracy, at any time the financial position of the Charity, and enable them to ensure that the financial statements comply with applicable regulations. They are also responsible for safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

APPROVAL

This Report was approved by the Board of Trustees on 30[th] December 2022 and was signed on its behalf by:

P Waterhouse

Commodore P Waterhouse ADC RN, Chairman

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37

GOVERNING BODY

GOVERNING BODY

CHAIRMAN

Commodore Phil Waterhouse ADC RN

Commodore Phil Waterhouse is the Naval Regional Commander for Northern England and the Isle of Man; as such he is the First Sea Lord’s ambassador for the region with the specific task of ensuring that the Naval Service is understood, respected and valued by the community which it serves. To deliver this output he engages personally at the national and regional strategic level whilst his small team delivers tactical engagement at major events and in various locations around the North; that team also facilitates port visits by RN and NATO platforms and contributes to the regional resilience effort. He has been in post since early 2017 and flies his Broad Pennant from his HQ in Liverpool.

TRUSTEES:

Commodore P Waterhouse ADC RN – Chairman Mrs E Conn OBE JP DL (retired September 2022) Mr P Curtis

Lieutenant Colonel SM Dixon MBE TD DL – Vice Chairman (retired September 2021) Mr W Enevoldson Colonel P Loynes LLB RM Colonel R Miller OBE Lieutenant Colonel S Stewart Brigadier TN O’Brien CBE TD VR DL (retired September 2021) Mrs Z Watters

LIFE VICE-PRESIDENT:

Surgeon Commander JRN Curt OBE RD* DL FRCS RNR

CHIEF EXECUTIVE OFFICER:

Ms K Miller

REGISTERED MANAGER:

PRESIDENT

The Lord-Lieutenant of Greater Manchester Sir Warren J Smith KCVO KStJ JP

The Lord-Lieutenant is a retired businessman and was appointed the Lord-Lieutenant of Greater Manchester in 2007. His passion for the armed forces led him to become President of Broughton House in 2008.

The Lord-Lieutenant is an active supporter of the charity and regularly visits as well as supporting the team at events across the region.

(Sir Warren retired as President in September 2022)

Mrs J Green

AUDITORS:

DJH Mitten Clarke Audit Limited, St George’s House, 56 Peter Street, Manchester

BANKERS:

National Westminster Bank plc, 463 Bury New Road, Prestwich, Manchester

INVESTMENT MANAGERS:

Investec, 2nd Floor, 3 Hardman Street, Spinningfields, Manchester

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'1 Iiri Ilk 40 ANNUAL REPORT & ACCOUNTS 2022 IGHTONH M 41

Become a Regular Giver

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100
Y E A R S O F
VETERAN
CARE
O V E R
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Please become a Regular Giver, any amount you can spare is a great way to help the ex-service men and women we care for.

It's easy to set up, you specify the amount you'd like to donate and then we do the rest. You can amend or cancel the donation at any time, get in touch if anything changes.

Registered Charity Number: 1155225

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Gift Aid Declaration
Your Details Title: First Name: Surname: Address: Postcode: Mobile Phone: Email Address: Gift Aid Declaration Please treat all donations I make or have made to Broughton House Veteran Care Village for the past four years as Gift Aid donations until I notify you otherwise. I am a UK Taxpayer and understand that if I pay less income Tax and/or Capital Gains Tax than the amount Gift Aid claimed on all my donations in that tax year it is my responsibility to pay any difference. I understand that Broughton House Veteran Care Village will reclaim 25p of tax on every £1 I give. Signature: Date: Staying In Touch Join our e-mail list and keep up to date with events, activities and news:
You can also make a donation online at: www.justgiving.com/broughtonhousehome OR by scanning this QR Code
4
2
3 0
3 2
7 7
Bank of Natwest 1 0
Veteran Care Village
9 1
Please pay to Broughton House
Instructions to your Bank/Building Society 4 0 £
Account Number: Sort Code: I would like to donate: per month/quarter/year please delete as appropriate to Broughton House Veteran Care Village until further notice. Signature: Date: Broughton House
Regular Giving
I'd like to make the following gift on a regular basis to support those who served us. To Manager (Bank Name and Address): Postcode: Name(s) of Account Holder(s): Bank/Building Society Account Number: Branch Sort Code: Address & Postcode:
Thank you for supporting Broughton House Veteran Care Village. Your donation will help us continue to provide care for those who served us. Please post your completed forms to: Veteran Care Village, Park Lane, Salford, M7 4JD
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AUDITOR'S REPORT & FULL ACCOUNTS

STRUCTURE, GOVERNANCE AND MANAGEMENT

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1155225

Principal address

Park Lane Kersal Salford Manchester Greater Manchester M7 4JD

Opinion

We have audited the financial statements of Broughton House - Veteran Care Village (the 'charity') for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Trustees

Basis for opinion

Auditors

DJH Mitten Clarke Audit Limited Statutory Auditors St George's House 56 Peter Street Manchester M2 3NQ

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The financial statements of the Charity, which is a public benefit entity under FRS 102, have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Companies Act 2006 and the Charities Act 2011.

The Trustees to prepare financial statements for each financial year, which give a true and fair view of the Charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements the Trustees are required to:

Select suitable accounting policies and apply them consistently.

Make judgements and estimates that are reasonable and prudent.

State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements.

Prepare the financial statements on an ongoing basis unless it is inappropriate to presume that the Charity will continue in operation.

The Trustees are responsible for keeping accounting records, which disclose, with reasonable accuracy, at any time the financial position of the Charity, and enable them to ensure that the financial statements comply with applicable regulations. They are also responsible for, safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on ............................................. 30[th] December 2022 and signed on its behalf by:

P Waterhouse

....................................................... Commodore P Waterhouse - Trustee

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

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AUDITOR'S REPORT & FULL ACCOUNTS

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

DJH Mitten Clarke Audit Limited Statutory Auditors St George's House 56 Peter Street Manchester M2 3NQ 18th January 2023 Date: .............................................

In preparation for our audit we identified areas of laws and regulations which we considered could have a material effect on the financial statements. This information was obtained via discussions with management and from our general commercial and sector experience. The directors also provide us with written representation of all the key and fundamental industry specific laws and regulations with they are required to adhere to. These were then communicated to the whole of the audit team at our audit planning meeting.

As a care provider, the following laws and regulations are specifically applicable to the charity: · Health and Social Care Act 2012

Our audit procedures to identify non-compliance with laws and regulations in these areas consisted of:

Despite appropriate planning and performing our work in accordance with International Auditing Standards, there are always inherent limitations that non-compliance is not detected. Non-compliance with laws and regulations is often further removed from the events and transactions reflected in the financial statements and material misstatements due to fraud can be deliberately concealed from auditors, for example through misrepresentation, forgery or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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AUDITOR'S REPORT & FULL ACCOUNTS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2022

Unrestricted
fund
Notes
£
INCOME FROM
Donations and legacies
3
334,334
Charitable activities
Veteran Care village
904,314
Investment income
4
-
Total
1,238,648
EXPENDITURE ON
Raising funds
6
78,789
Charitable activities
7
Veteran Care village
1,711,039
Support hub
-
Total
1,789,828
Net gains on investments
-
NET
INCOME/(EXPENDITURE)
(551,180)
Transfers between funds
21
711,674
Net movement in funds
160,494
RECONCILIATION OF
FUNDS
Total funds brought forward
339,546
TOTAL FUNDS CARRIED
FORWARD
500,040		 Designated
funds
£
-
-
2,579
2,579
1,292
162,689
-
163,981
7,397
(154,005)
1,362,700
1,208,695
6,907,523
8,116,218		 Restricted
funds
£
1,912,322
-
-
1,912,322
-
313,050
49,487
362,537
-
1,549,785
(2,074,374)
(524,589)
568,055
43,466		 2022
Total
funds
£
2,246,656
904,314
2,579
3,153,549
80,081
2,186,778
49,487
2,316,346
7,397
844,600
-
844,600
7,815,124
8,659,724		 2021
Total
funds
£
1,714,123
867,297
14,776
2,596,196
129,317
2,335,461
45,152
2,509,930
142,233
228,499
-
228,499
7,586,625
7,815,124

B A L A N C E S H E E T A T 31 M A R C H 2 0 2 2

Unrestricted
Designated
Restricted
fund
funds
funds
Notes
£
£
£
FIXED ASSETS
Tangible assets
13
480,692
12,147,431
-
Heritage assets
14
-
50,375
-
Investments
15
-
187,162
-
480,692
12,384,968
-
CURRENT ASSETS
Debtors
16
46,479
-
60,000
Cash in hand
154,203
5,042
149,887
200,682
5,042
209,887
CREDITORS
Amounts falling due within
one year
17
(181,333)
-
(166,422)
NET CURRENT ASSETS
19,349
5,042
43,465
TOTAL ASSETS LESS
CURRENT LIABILITIES
500,041
12,390,010
43,465
CREDITORS
Amounts falling due after
more than one year
18
-
(4,273,792)
-
NET ASSETS
500,041
8,116,218
43,465
FUNDS
21
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2022
Total
funds
£
12,628,123
50,375
187,162
12,865,660
106,479
309,132
415,611
(347,755)
67,856
12,933,516
(4,273,792)
8,659,724
8,616,259
43,465
8,659,724		 2021
Total
funds
£
9,908,123
50,375
265,774
10,224,272
488,907
1,129,915
1,618,822
(1,012,493)
606,329
10,830,601
(3,015,477)
7,815,124
7,247,069
568,055
7,815,124

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 30[th] December 2022

............................................. P Waterhouse Commodore P Waterhouse - Trustee

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C A S H F L O W S T A T E M E N T F O R T H E Y E A R E N D E D 31 M A R C H 2 0 2 2

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Construction of veteran care village
Purchase of tangible fixed assets
Sale of heritage assets
Sale of fixed asset investments
Dividends received
Net cash used in investing activities
Cash flows from financing activities
New loans in year
Net cash provided by financing activities
Change in cash and cash
equivalents in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the
end of the reporting period		 2022
£
969,046
969,046
(2,711,015)
(256,902)
-
86,009
2,579
(2,879,329)
1,089,500
1,089,500
(820,783)
1,129,915
309,132		 2021
£
383,230
383,230
(2,577,776)
(348,240)
3,700
466,227
14,776
(2,441,313)
3,000,000
3,000,000
941,917
187,998
1,129,915

N O T E S T O T H E C A S H F L O W S T A T E M E N T F O R T H E Y E A R E N D E D 31 M A R C H 2 0 2 2

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
2022 2021
£ £
Net income for the reporting period (as per the Statement
of Financial Activities) 844,600 228,499
Adjustments for:
Depreciation charges 247,917 129,069
Gain on investments (7,397) (142,233)
Loss on disposal of fixed assets - 40,068
Dividends received (2,579) (14,776)
Impairment of tangible fixed assets - 238,737
Decrease in provisions - (100,000)
Decrease/(increase) in debtors 382,428 (462,426)
(Decrease)/increase in creditors (495,923) 466,292
Net cash provided by operations 969,046 383,230
2. ANALYSIS OF CHANGES IN NET DEBT
Net cash At 1.4.21
£		 Cash flow
£		 At 31.3.22
£
Cash at bank and in hand 1,129,915 (820,783) 309,132
1,129,915 (820,783) 309,132
Debt
Debts falling due after 1 year (3,015,477) (1,258,315) (4,273,792)
(3,015,477) (1,258,315) (4,273,792)
Total (1,885,562) (2,079,098) (3,964,660)

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N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 31 M A R C H 2 0 2 2

1. GOING CONCERN

Following consideration of the capital cost of phase one of the Veteran Care Village, the ability of the charity to meet its future running costs and the consequences of the COVID-19 pandemic, amongst other challenges, the trustees are satisfied that the charity is a going concern.

In making this assessment the trustees have considered that the charity has sufficient funds to meet expenditure for at least 12 months following the date of approval of the financial statements. Further details are included in the trustees annual report.

2. ACCOUNTING POLICIES

2. ACCOUNTING POLICIES - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Cost of Charitable Activities

These include all direct salaries and other costs in delivering the Charity's charitable activity as a care home.

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.

Governance Costs

These are costs directly associated with the Governance of the charity, including legal and regulatory compliance and strategic planning.

Raising funds

The charity operates a money purchase pension scheme. Contributions payable for the year are

The financial statements have been prepared under the historical cost convention unless otherwise stated in the relevant accounting policy note(s) with the exception of investments which are included at market value.

Fundamental accounting concept

The accounts have been drawn up on a going concern basis. In common with many charities, the adoption of the going concern basis is dependent on the charity receiving adequate fundraising from voluntary income such as donations, legacies and grants. While the trustees recognise the uncertainties inherent in predicting the timing and level of future funding from income that is not yet assured, they believe that adequate funding will be secured from donations, legacies and grants. We continue to receive the full support of the bank. The accounts do not include any adjustments that would result if the going concern basis was not appropriate.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations in kind, other than items donated for sale, are recognised at their fair value to the charity when they are received. No amounts are included for services donated by volunteers. Incoming resources compromise:

Legacies Bequest legacies are recognised when the charity becomes entitled to it by way of probate being granted and sufficient information is received to enable an accurate valuation of the Charity' entitlement.

charged to the Statement of Financial Activities.

Tangible fixed assets

All significant assets purchased or otherwise acquired for ongoing use in the business are capitalised when they are put into use.

An annual impairment review has been undertaken for freehold land and building, market value is considered far in excess of carrying value.

Depreciation is provided at rates to write off the costs of fixed assets, less the estimated residual value, over their expected useful lives on the following basis:

Freehold buildings 2% on cost
Motor vehicles
Plant & equipment
Fixtures & fittings
Computer equipment		 25% reducing balance
10% reducing balance
20% reducing balance
50% on cost

Freehold land is considered to have an indefinite useful life and has not been depreciated.

Assets under construction relate to the construction of the new care village which was in progress at the year end. Upon completion of the work the cost will be transferred to freehold property and depreciated over its useful economic life.

Capitalisation of borrowing costs

General donations Donations are recognised when the monies are received.

Service charities Donations received from service charities are recognised when either the money is received, if no prior notice of donation, or when the charity is notified of the donation and the amount can be quantified.

Fund raising Fund raising income is recognised as received.

Investment income Investment income is recognised as it is earned and the policy results in accrued income.

Fee contributions Fee income is recognised as the service is provided.

Funds that are borrowed in order to finance the purchase of a specific asset have their actual interest costs capitalised in the period to which they relate. Capitalisation begins when expenditure on the assets begins. Capitalisation ceases when the asset is ready for its intended use or the sale is complete.

Heritage assets

The Charity owes a large collection of military memorabilia including medals which it exhibits in a small museum within the care home for the residents and visitors to view. The collection includes artefacts from WW1, WW2 and various other conflicts. Consisting of: -

Grants are recognised with there is evidence of entitlement, receipt is probable, it's amount can be measured reliably, and all terms and Grants conditions of the grant have been met by the charity.

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2. ACCOUNTING POLICIES - continued

Heritage assets

As the items in this collection are held for their contribution to the heritage and history of service men and women they qualify as heritage assets in line with section 34 of FRS102 and are held on the balance sheet at what is understood to be their market value by the charity.

The Trustees have set a policy of recognising individual heritage assets with a value of greater than £1,000 in the financial statements. From time to time the Charity is donated memorabilia to add to the collection. Any donated items received with a value in excess of the accounting policy are recognised as additions in the year that they are received.

The Trustees have no intention of disposing of items in the collection unless there were some exceptional circumstances which the Trustees consider to the in the best interest of the charitable objectives.

The collection is valued for insurance purposes and any deemed change in market value is recognised through the statement of financial activities.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

The trustees have chosen to put aside unrestricted legacy income into a designated fund.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Fixed asset investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using closing quoted market price. The statement of financial activities includes the net gain and losses arising on revaluation and disposals throughout the year.

The charity does not acquire any derivatives or other complex financial instruments.

The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.
DONATIONS AND LEGACIES
Service charities
Donations
Legacies
Fundraising income
Support hub grant
Government grants
Government grants received, included in the above, are as follows:
Coronavirus Job Retention Scheme
Salford City Council Covid-19 Funding
4.
INVESTMENT INCOME
Dividends received
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Fees
Veteran Care village
6.
RAISING FUNDS
Raising donations and legacies
Staff costs
Appeals
Investment management costs
Investment advice
Aggregate amounts		 2022
£
138,000
1,900,033
40,247
478
68,558
99,340
2,246,656		 2022
£
138,000
1,900,033
40,247
478
68,558
99,340
2,246,656		 2022
£
138,000
1,900,033
40,247
478
68,558
99,340
2,246,656		 2021
£
180,473
1,321,698
1,000
777
22,137
188,038
1,714,123		 2021
£
180,473
1,321,698
1,000
777
22,137
188,038
1,714,123
2022
£
6,284
93,056
99,340		 2021
£
29,379
158,659
188,038
2022
£
2,579
2022
£
904,314
2022
£
53,505
25,284
78,789
2022
£
1,292
80,081		 2021
£
14,776
2021
£
867,297
2021
£
91,170
30,361
121,531
2021
£
7,786
129,317

Financial instruments

The following assets and liabilities are classed as financial instruments - trade debtors and trade creditors. They are all measured at the undiscounted amount of cash or other consideration expected to be paid or received.

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AUDITOR'S REPORT & FULL ACCOUNTS

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 31 M A R C H 2 0 2 2

7. CHARITABLE ACTIVITIES COSTS

----- Start of picture text -----
||||| |---|---|---|---| |Direct|Support| |Costs (see|costs (see| |note 8)|note 9)|Totals| |£|£|£| |Veteran Care village|1,914,564|272,214|2,186,778| |-| |Support hub|49,487|49,487| |1,964,051|272,214|2,236,265|

----- End of picture text -----

8. DIRECT COSTS OF CHARITABLE ACTIVITIES

----- Start of picture text -----
|||| |---|---|---| |2022|2021| |£|£| |Staff costs|1,357,751|1,271,910| |Residential costs|141,675|136,885| |Miscellaneous costs|47,871|130,758| |Food costs|54,181|54,259| |Medical costs|5,697|43,970| |Maintenance costs|55,647|24,729| |Support hub costs|1,201|4,655| |Cleaning costs|44,295|46,459| |Training costs|7,816|8,716| |Depreciation|247,917|129,069| |Loss on sale of assets|-|40,068| |1,964,051|1,891,478|

----- End of picture text -----

9. SUPPORT COSTS - continued Finance

----- Start of picture text -----
|||| |---|---|---| |2022|2021| |Veteran| |Care|Total| |village|activities| |£|£| |Loan interest|32,190|-| |Governance costs| |2022|2021| |Veteran| |Care|Total| |village|activities| |£|£| |Auditors' remuneration|16,992|12,288|

----- End of picture text -----

10. AUDITORS' REMUNERATION

The auditor's remuneration constituted an audit fee of £12,750 (2021: £11,700) and additional non-audit services work of £3,900 (2021: £5,660). All amounts are exclusive of VAT which is not recoverable.

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

Trustees expenses paid during the year amounted to £NIL (2021: £NIL).

9. SUPPORT COSTS

----- Start of picture text -----
|||||| |---|---|---|---|---| |Support|Governance| |costs|Finance|costs|Totals| |£|£|£|£| |Veteran Care village|223,032|32,190|16,992|272,214|

----- End of picture text -----

Support costs, included in the above, are as follows:

Support costs

----- Start of picture text -----
|||| |---|---|---| |2022|2021| |Veteran| |Care|Total| |village|activities| |£|£| |Wages|125,360|106,729| |IT and computer costs|12,294|12,767| |Legal and professional fees|85,378|118,614| |-| |Impairment losses|238,737| |223,032|476,847|

----- End of picture text -----

12. STAFF COSTS

----- Start of picture text -----
|||| |---|---|---| |2022|2021| |Staff costs|£|£| |Wages & salaries|1,173,288|1,106,064| |Social security costs|94,839|89,022| |Pension costs|26,014|23,187| |1,294,141|1,218,273| |The average number of employees, analysed by function was:| |2022|2021| |Nursing & residential|49|44| |Fundraising & publicity|3|2| |Management & administration of the charity|6|6| |58|52|

----- End of picture text -----

Number of employees with employee benefits excluding employer pension contributions: £80,000 - £90,000 = 1

The key management personnel of the charity are the Chief Executive and the Registered Manager. The total employee benefits of the key management personnel were £146,201 (2021: £123,943).

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ITOR'S REPORT & FULL ACCOUNTS ITOR'S REPORT & FULL ACCOUNTS
S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 31
H 2 0 2 2
TANGIBLE FIXED ASSETS
Freehold
Assets
land and
under
Plant and
buildings
construction
machinery
£
£
£
COST
At 1 April 2021
8,052,488
1,620,742
52,220
Additions
-
2,711,015
845
Transfer
4,331,757
(4,331,757)
-
At 31 March 2022
12,384,245
-
53,065
DEPRECIATION
At 1 April 2021
74,125
-
522
Charge for year
162,689
-
5,212
At 31 March 2022
236,814
-
5,734
NET BOOK VALUE
At 31 March 2022
12,147,431
-
47,331
At 31 March 2021
7,978,363
1,620,742
51,698
Fixtures
and
Motor
Computer
fittings
vehicles
equipment
Totals
£
£
£
£
COST
At 1 April 2021
270,273
43,872
53,866
10,093,461
Additions
237,647
-
18,410
2,967,917
Transfer
-
-
-
-
At 31 March 2022
507,920
43,872
72,276
13,061,378
DEPRECIATION
At 1 April 2021
39,651
38,015
33,025
185,338
Charge for year
62,742
1,464
15,810
247,917
At 31 March 2022
102,393
39,479
48,835
433,255
NET BOOK VALUE
At 31 March 2022
405,527
4,393
23,441
12,628,123
At 31 March 2021
230,622
5,857
20,841
9,908,123
Assets transferred from Assets Under Construction to Freehold Property relate to the construction
of Phase 1B of the new Veteran Care Village which was completed during the year and brought into
use in February 2022.		 14.
HERITAGE ASSETS
Total
£
MARKET VALUE
At 1 April 2021 and 31 March 2022
50,375
NET BOOK VALUE
At 31 March 2022
50,375
At 31 March 2021
50,375
Information on Heritage assets is given in note 2 of the accounts.
During the last five years there has been no acquisition of heritage assets for which values are
available. Two assets were sold in the year ended 31 March 2021. A five year financial summary
of Heritage Asset transactions is as follows:
Disposals
2022
2021
2020
2019
2018
£
£
£
£
£
Proceeds
-
3,700
-
-
-
Carrying value
-
(6,000)
-
-
-
Profit/(Loss) on
disposal
-
(2,300)
-
-
-
15.
FIXED ASSET INVESTMENTS
Quoted Investments
2022
2021
£
£
Market value at 1 April 2021
273,520
589,768
Net sale of investments
(93,755)
(469,139)
Net realised investment (losses)/gains
7,397
145,145
Market value of shares at 31 March 2022
187,162
265,774
Cash held on deposit
5,042
7,746
Total value of investments at 31 March 2022
192,204
273,520
Quoted investments at fair value comprised:
2022
2021
£
£
Fixed interest securities
25,122
48,066
Equities
121,385
173,296
Property
12,373
12,669
Alternative assets
28,282
31,743
Cash held within the investment portfolio
5,042
7,746
192,204
273,520
All investments are carried at their fair value. Investments in equities and fixed interest securities
are all trade in quoted public markets, primarily the London Stock Exchange.
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13. TANGIBLE FIXED ASSETS

During the last five years there has been no acquisition of heritage assets for which values are available. Two assets were sold in the year ended 31 March 2021. A five year financial summary of Heritage Asset transactions is as follows:

All investments are carried at their fair value. Investments in equities and fixed interest securities are all trade in quoted public markets, primarily the London Stock Exchange.

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AUDITOR'S REPORT & FULL ACCOUNTS

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 31 M A R C H 2 0 2 2

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022
£
Trade debtors
4,703
Prepayments and accrued income
101,776
106,479
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Trade creditors
77,498
Other creditors
270,257
347,755
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022
£
Other creditors
4,273,792
LOANS
An analysis of the maturity of loans is given below:
2022
£
Amounts falling due between two and five years:
Other loans - 2-5 years
4,273,792		 2021
£
-
488,907
488,907
2021
£
475,570
536,923
1,012,493
2021
£
3,015,477
2021
£
3,015,477

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

19. LOANS

20. LEASING AGREEMENTS

21. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated funds
Restricted funds
Restricted funds
Care village capital project fund
TOTAL FUNDS		 At 1.4.21
£
339,546
6,907,523
7,247,069
76,003
492,052
568,055
7,815,124		 Net
movement
in funds
£
(551,179)
(154,005)
(705,184)
(501)
1,550,285
1,549,784
844,600		 Transfers
between
funds
£
711,674
1,362,700
2,074,374
1,101
(2,075,475)
(2,074,374)
-		 At
31.3.22
£
500,041
8,116,218
8,616,259
76,603
(33,138)
43,465
8,659,724

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated funds
Restricted funds
Restricted funds
Care village capital project fund
Salford City Council Covid-19 funding
Armed Forces Covenant Fund Trust
TOTAL FUNDS		 Incoming
resources
£
1,238,648
2,579
1,241,227
131,480
1,587,786
93,056
100,000
1,912,322
3,153,549		 Resources
expended
£
(1,789,827)
(163,981)
(1,953,808)
(131,981)
(37,501)
(93,056)
(100,000)
(362,538)
(2,316,346)		 Gains and
losses
£
-
7,397
7,397
-
-
-
-
-
7,397		 Movement
in funds
£
(551,179)
(154,005)
(705,184)
(501)
1,550,285
-
-
1,549,784
844,600

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
In more than five years		 2022
£
37,368
195,230
4,328
236,926		 2021
£
6,799
21,624
-
28,423

Comparatives for movement in funds

Unrestricted funds
General fund
Designated funds
Restricted funds
Restricted funds
Care village capital project fund
TOTAL FUNDS		 At 1.4.20
£
33,983
7,969,387
8,003,370
21,930
(438,675)
(416,745)
7,586,625		 Net
movement
in funds
£
(473,672)
(165,939)
(639,611)
20,734
847,376
868,110
228,499		 Transfers
between
funds
£
779,235
(895,925)
(116,690)
33,339
83,351
116,690
-		 At
31.3.21
£
339,546
6,907,523
7,247,069
76,003
492,052
568,055
7,815,124

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21. MOVEMENT IN FUNDS - continued

Transfers between funds - continued

21. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated funds
Restricted funds
Restricted funds
Care village capital project fund
Salford City Council Covid-19 funding
Armed Forces Covenant Fund Trust
TOTAL FUNDS		 Incoming
resources
£
1,277,894
14,775
1,292,669
66,886
952,983
158,658
125,000
1,303,527
2,596,196		 Resources
expended
£
(1,751,566)
(322,947)
(2,074,513)
(46,152)
(105,607)
(158,658)
(125,000)
(435,417)
(2,509,930)		 Gains and
losses
£
-
142,233
142,233
-
-
-
-
-
142,233		 Movement
in funds
£
(473,672)
(165,939)
(639,611)
20,734
847,376
-
-
868,110
228,499

Designated funds

The General Fund is the 'free reserves' after allowing for all designated funds.

The Trustees have agreed to set aside, wherever practicable, unrestricted legacy income into an unrestricted designated fund. This income is then used to increase the investment base and therefore investment income earned as a result. The long term aim of this is to ensure the Charity has a strong financial base where the investment income will make a significant contribution to ensure it is less reliant on donations.

A freehold property designated fund was established in 2018 in order to separate the cost of the land and buildings from the liquid general funds.

Designated fund
Investment fund
Capital project designated fund
Freehold property fund
Museum collection		 At 1.4.21
273,520
1,620,742
4,962,886
50,375
6,907,523		 Movement
Transfers
At 31.3.22
8,684
(90,000)
192,204
-
(1,620,742)
-
(162,689)
3,073,442
7,873,639
-
-
50,375
(154,005)
1,362,700
8,116,218

Restricted funds

Material restricted fund relates to:

£151,955 was transferred from the restricted fund bank account to the general fund bank accounts for restricted expenditure incurred out of general funds.

22. CAPITAL COMMITMENTS

2022 2021 £ £ Contracted but not provided for in the financial statements 60,869 3,746,620

23. RELATED PARTY DISCLOSURES

During the year an additional £2m loan facility was secured from the Greater Manchester Combined Authority (GMCA) to cover additional capital costs in respect of Phase 1A and 1B of the Veteran Care Village, to provide additional working capital and to roll-up interest payments until the Veteran Care Village is cash generative. Mr Enevoldson is the chief investment officer at the GMCA and a trustee at Broughton House - Veteran Care Village.

At the balance sheet date, £1,089,500 of this loan had been drawn down. The additional loan facility matures on 31 December 2025 and interest is charged at 5% above the EU Reference Rate. The total amount outstanding on all loans from the GMCA was £4,273,792.

24. SALE OF LAND

At the balance sheet the charity had entered into a conditional contract to sell surplus land for the development of apartments. The sale itself is subject to the receiving of a satisfactory planning consent and the quantum of consideration is dependent on the number of apartments for which any consent is given.

25. FINANCIAL INSTRUMENTS

The carrying amounts of the charity's financial instruments are as follows:

Financial instruments that are debt instruments measured at amortised
Cash at bank		 2022
£
cost:
309,132		 2021
£
1,129,915
Trade debtors
Financial assets measured at fair value through the income
statement
Financial liabilities measured at amortised cost:
Trade creditors
Other creditors		 4,703
-
77,498
270,257		 -
475,570
536,923
Loan 4,273,792 3,015,477
Financial debt instruments measured at fair value through the
income statement - -

Transfers between funds

As the restricted purpose has now been satisfied, £2,075,475 has been transferred to both unrestricted and designated funds from restricted funds, reflecting the capital project costs now within tangible fixed assets.

£1,089,500 GMCA loan received into the restricted fund bank account during the year has been transferred to designated funds as it will be settled out of future general funds surpluses.

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D E T A I L E D S T A T E M E N T O F F I N A N C I A L A C T I V I T I E S F O R T H E Y E A R E N D E D 31 M A R C H 2 0 2 2

INCOME
Donations and legacies
Service charities
Donations
Legacies
Fundraising income
Support hub grant
Government grants
Investment income
Dividends received
Charitable activities
Fees
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Appeals
Investment management costs
Investment advice
Charitable activities
Wages and agency costs
Residential costs
Miscellaneous costs
Food costs
Medical costs
Maintenance costs
Support hub costs
Cleaning costs
Training costs
Depreciation of tangible fixed assets
Loss on sale of tangible fixed assets
Loss on sale of heritage asset
Support costs
Support costs
Wages
IT and computer costs
Legal and professional fees
Impairment losses		 2022
£
138,000
1,900,033
40,247
478
68,558
99,340
2,246,656
2,579
904,314
3,153,549
53,505
25,284
78,789
1,292
1,357,751
141,675
47,871
54,181
5,697
55,647
1,201
44,295
7,816
247,917
-
-
1,964,051
125,360
12,294
85,378
-
223,032		 2021
£
180,473
1,321,698
1,000
777
22,137
188,038
1,714,123
14,776
867,297
2,596,196
91,170
30,361
121,531
7,786
1,271,910
136,885
130,758
54,259
43,970
24,729
4,655
46,459
8,716
129,069
37,768
2,300
1,891,478
106,729
12,767
118,614
238,737
476,847
Support costs
Finance
Loaninterest
Governance costs
Auditors' remuneration
Total resources expended
Net income before gains and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments
Net income		 2022
£
32,190
16,992
2,316,346
837,203
7,397
844,600		 2021
£
-
12,288
2,509,930
86,266
142,233
228,499

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when you go home tell them of us and say–

for your tomorrow, we gave our today

Park Lane, Salford. M7 4JD 0161 740 2737 www.broughtonhouse.com @broughtonhouse

The Charity is registered with the Charity Commission under charity number 1155225. All assets and land were transferred from the former Unincorporated Charity (number 227864) to the new Incorporated Charity (number 1155225) on 1 April 2014.

~~THE BROUGHTON HOUSE VETERAN CARE VILLAGE~~

A BESPOKE FACILITY WHICH WILL SUPPORT VETERANS AND THEIR FAMILIES IN LIFE AFTER SERVICE

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