Charlty roglstratlon number 222915 Company registration number 00551609 (England and Walosl BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrA Shrimplon Mr O Hall Mr M Reynolds Mi55 L l Fuller Mr P M Levesley IAppoinled 4 April 20241 Secretary Mr L TRoberts Charlty number 222915 Cornpany number 00551609 Registerèd office Bryony Road Selly Oak Bimiingham West Midlands B29 4BX Auditor Orwnerod Rutter Limited The Oakley Kidderminsler Road Droitwi¢h Worcestershire WR9 9AY Bankers Lloyds Bank PIC 142 Edgbaston Park Road Edgbaston Birrningham Wesl mlandS 815 2TY Investment advlsors EFG Harris Allday 33 Great Charles Street Bimiingham B3 3JN United Kingdom
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) CONTENTS Pag8 Trustees, fftport Independent auditovs report Statement of financlal aclivllies 9.10 Balance sheet 11 Statement of cash fiows 12 Notes to ihe financial statements 13-25
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present their report and financial slalements for the year ended 31 March 2024. The financial statements havè been prepared in accordan¢8 with the accounting policies set out in note 1 to the financial stslemenls and comply with the charity's articles of association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practic& applicable lo charilies preparing their accounts in accordan¢e with the Financial Rgporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" OblectFves and a¢tlvltles The objectives of the charity aro.. lo establish homes for the elderly and infimi persons, nursing homes, rest homes. convalescent and other homes for the care of aged persons in need ol financial assistance. infimi. sick and needy persons.. to establish and support or aid in the eslablishmenl and support of any charitable associations or institutions calculated lo further its objects.. to subscribe or guarantee money for charitable purposes connected with the purposes of the association or calculated lo further its Dbjects. In shaping the objectives of the charity and planning its aclivilies. the trustees have taken into consideration the Charity Commission's guidance on public benefit. Speclflc Objective To occupy and administer Bryony House as a home for elderly infirm persons in need. This rill be achieved by the provision of.. Well trained and caring staff Warm, clean and well furnished en-suite rooms. where residents are permltted lo brfng Ihelr own possessions A variety of public areas for activities and relaxation A safe and interesting garden A lasly and varied diet with a choice of menu A varied programm8 of entertainment and activifj88, ¢aling 8 stimulating environmgnL 8ryony House Bursary Fund Included within the a¢counls as a separate reslricled fund 15 Bryony House Bursary Fund, a charity formed under 8 Scheme on 3 May 2000. On 9 May 2003 a uniting dire¢lion was made under seclSon 96151 of the Charities A¢1 1993 for the purposes of registration and accounting. Thg uniting direction permits a single report and a¢¢ounls lo be pr8s8nted because th8 charities are closely linked. Bryony House Limited is the sole trusteè. The obj8cts of Bryony House Bursary Fund are lo apply Its income towards the relief of the residents of the home belonging to Bryony House Limited and to provide funds for the maintenance and upkgep of Bryony House.
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance Significant activities and achievements against objectives The trend continued with our residents older than those who came in previous years. wth more complex health needs. As a consequence. their stay with us can now often be counted in months, rather than years, as was the case only a decade ago. There is therefore a constant effort to attract new clients and ol wurse there are more a newer competition on South Bimiingham. We however maintain our excellent reputation, and perhaps score over the newer and much larger homes. with our attention to service. particularfy aimed al the particular individual. Of course, the year was notable for the rate of price inflation, not seen al a level of double digits for many years. The combination of additional costs and chasing resident's replacements placed a great deal of pressure on our budget. Then lo create a perfect storm we had a most unusu81 year of capital equipment failures. very largely in the kitchen bul also in laundry equipment and ensurlng the Home mel the {increasingi standards for fire safety. Great praise must go to our excellent staff, many of whom have been with us for extended periods now. Thanks also due to The Friends of Bryony House who supplement the activities programme, and much regarded by the residents. Our garden is such an important feature and onc& again we must extend our thanks lo Roger Cadbury. who ha5 financially assisted thSs aspect of our work. It would be quite wrong not lo mention Terry Foley who spent many a happy hour seeking lo understand the inner workings of the lower lift, when the Engineering firms could only suggest equlpment replacement part. The lift is now restored to lip top condition, which has allowed three rcx)ms lo b& o¢ciJpied On more. Several of residents are part funded by Bimiingharn City Council who visited us during the year lo ensure thè Home mel their stsnosards. We received a bronze award. although it is true to say we rather expected a little higher. There were a few. and quite minor suggestions by the inspedors and happily we have implgmgnlgd these recommendations into our Home. Naturally our most significant hope for the future is that our main regulator. the Care Quality Commission ICQCI. who have impl¢mented a revised inspection regirne and standards. would be able lo return to our good listing, rather than our Requires Improvement. which we have had from before Covid. Bryony House is a charty, and we are grateful for the commitment frorn our TrusteeslDireclors. all of whom give of their time without any payment or even expenses. Financlal revlew Followng on from the difficulties listed above. the increase in the cost of everything we buy, the constant effort to place what seem inevitably much shorter stay Tesidenls and on top of which a quite exceptional year for equipment failure and subslanlial building repairs, and generally to an Increaslngly higher standard than the OTiginal requlrement. This had a subslanlial impact on the financial position. Resident fee income was some £277.000 below budget. The Building and Plant and Equipment budget was some £39.000 over budget. As a consequence. il was necessary lo use some of our reserves and this impacted on the income. which is mostly dividends from the inveslmenls. That income was rèduced by £10,000 from the budget and the overall value as of the 315t March 2024 was £150,000. Ong very pleasing aspect was a gift from the family of a resident in grateful thanks for the care we had given him during his lime with us. The total gifts and donations were some £28,000 ovfyr budget. We continue to be grateful to Roger Cadbury who gives us rnoney each year lo be spent of our garden.
BRYONY HOUSE LIMITED {LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT} (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Reserves pollcy The trustees consider it necessary and prudent lo maintsin within the unreslricled General Fund a reserve equivalent lo one year's operating expenses. The designated Cyclical Repair Fund is a reserve intendeij to provlde for the maintenance, repair and development of the Bryony House building. Invèstmènt policy Th8 charity's investments are managed on a fully ls¢retionary basis by EFG Harris Allday. The trustees, agreed risk profile is Medium.High with a balanced and diversified portfolio. Thè aim is to invest monies lo generate income for the charity's activities whilst seeking to improve ¢apital values over the medium term or to al least maintain Capital values in line with inflation. Risk management The trustees have given consideration lo the risks lo which the charity is exposed and satisfied themselves that syslerns, policies and procedures are in place in order to manage these risks and are Constantly reviewed. A risk register is maintained, updated as necessary and reviewed annually by trustees. Plans for future periods The effort lo look for new residents will continue and of course we antlcipale that the increasing cost of items will slow. bul of course not actually reduce. 11 will be necessary lo produ¢e a plan to begin lo restore our investment position, although there are still items requiring attention mainly in the boiler room. If finances allow, we will wish to revamp the reception area. Install a electric Car chargè point as part of our carbon reduction plan. Very much on a wish list would be a conservatory extension for th& dining room. thus easing the space pressure on the current room. And of course. perhaps one of tho most precious items would be a restoration of al least our previous CQC - Good Rating. We look forward with interest lo any possible reforms to be introduced by our new govemmenl that may appear in the various manifestos. Som8thing that provides a cap in the Cost ol a famlly must pay for a loved one to go into residential Care would produce more potential residents and literally for a longer stay with us. We await the outcome with interest. Structure, governance and management The charity was forrlled in 1955 a5 a company limited by guarantee and is a registered Charity. The company is governed by its articles of association. The Iruslees, who are also the directors for the PLbrpose of company law, and who served during the year and up to the date of signature of the financial statements were.. MrA Shrimpton Mr D Hall Mr M Reynolds Miss L l Fuller Mr R L J Lawson Ms T Dowsing Mrs R Hay Mr P M Levesley (Resigned 4 April 20241 (Appointed 22 March 2024 and resigned 20 May 20241 (Resigned 1 December 2023} (Appointed 4 April 20241
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Re¢ruiTtment and appointment of trustees Trustees can be appointed by a majority of the Board of Trustees up to 8 maximum of 17 trustees in total. There must be a minimurll of 5 Iruslees on the Board of Trustees. Since Bryony House serves a local community, every effort is made lo recruit Trustees from the area. The Board generally seeks lo appoint new members with appropriate knowledge and qualifications for example in management. peTsonn&l, building and finance. The Board of Trustees meets at least eight limes a year supported by several subcommittees being Finance. Building, Staffing and Personnel, which meet as required. The Board of Trustees are all members of the company serving In a non-executive capacity and receive no emoluments. Oryanlsational structure The overall responsibility for the charity lies with the Board of Trustees, who meet al least eight times each year with additional meetings as necessary. The day lo day management of the Home Is the responsibility of the Manager and the Assistant Manager. One member of the Management Team is on duty each day, and is 'on call, during the evening and at night. The Manager orAssislant Manager attends all méetings of the TNstees. Trustee Indu¢tlon and training If a new member is proposed and approved by the Board, helshe is Invited lo attend a board meeting and lo receive copies of CEnt minutes. A visit lo the Home to meet staff and residents is arranged. If the person proposed is willing to See, helshe will be subjected to a police check and then formally nominated and elected al the next Trustees. meeting. Individual membgrs of the Board have attended relevant ¢our$8s where necessary. StatÈm•nt of trustees. responsibilities The Iruslees, who are also the direclors of Bryony House Limited for the purpose of company law, are responsible for preparing the Trustees, Rèport and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards Iuniled Kingdom GenerallyAccepted Accounting Practlcel. Company Law requires the trustees lo prepare financial statements for each financial year whlth give a true and fair view of the slate of affairs of the charity and of the incorning resources and application of resources. induding the income and expenditure, of the charitable company for that year. In prèparlng these financial statements, the trustees are required lo: select suitable accounting policies and then apply them con5iStenlly' observe the methods and principles in the Chartties SORP., make judgements and eslimales that are reasonable and prudent., slate whether apICable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the fin8ncial statements., and prepare the financlal statements on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting cOrdS that disclose with reasonable accuracy al any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Companies Acl 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable staps for the PTevenlion and detection of fraud and olhgl irtagularities.
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Auditor In ac(y)rd?nce with the company's articles. a resolubon propo$ing that Ormerod Rutter Llmltad b& reappointed as auditor of the company 11 be pul al 8 Genèral Meelng. The ttees, report was approved by the Board of Tru$lee5. Mr A ShTimpton Chair of Trust•es Dale..
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BRYONY HOUSE LIMITED Opinion We have audited the financial slalemenls of Bryony House Limited (the 'charity'l for the year ended 31 March 2024 which comprise the statement of financial activities. the balance sheet, the slalemenl of ¢ash flDWS and the notes lo the financial stalemenls, including a sumtnary of significant accounting policies. Th& financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicabl& In the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pra¢Ucel. In our opinion, the financial statements.. give a true and fair view of the stale of the charitable company's affairs as al 31 March 2024 and of ils incoming resources and application of resources, for the year then ended., have been properly prepared in accordance wth United Klngdom Generally Accepted Accounting Practi,- and have been prepared in accordance with the reqU1ments of the Companies Act 2006. Basls for oplnlon Vve conduclecl our audit in accordance with Intemalional Standards on Auditing (UK) IISAS {UKII and applicable law. OUT responsibilities under those standards are further described in the Auditors r&sponsibilities for the audit of the financial statements section of our report. We are independent of the charity in a¢¢ordance with the ethical requiremen15 Ihal 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 wtth these requirements. Wè believe that the audit &vidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slaternents, we have wncSuded that the trustees. use of the going concèrn basis of a¢counts"ng in the pparatIon of the financial statements is appropriate. Based on the work we have porformed. we have not identified any material uncertainties rel81ing to events or nditions that. individually or collectively. may cast significant doubt on the charity's ability lo continue as a going con¢em for a period of at least twelve months from when the fina181 statements are authorfsed for issue. Our responsibilities and Ihe responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Other Inforniatlon The otheT information comprises the information included in the annual report other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information contained within the annu81 report. Our opinion on the financial statements does not covar the other inforrnalion and we do not express any form of assurance conclusion Ihereon. Our responsibllily is to read the other information and, in doing so. corisider whether the other infonmation is materially inconsistgnt with the financial slalemenls or our knowledge obtained in the course of the audit. or otherwise appears lo be materially misstated. If we Identify such material inconsistencles or apparent material misstatements. we are required to determine whether this gives ri$8 to a material misslalemenl in the financial statements themselves. If, based on the work we have perfomed, we conclude that there is a material mlsslalement of this other informallon. we are required to report that fa¢t. We have nothing lo report in this regard. Matters on which we are requlred to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (AaUnts and Reports) Regulations 2008 require us lo report lo you if, in our opinion.. the inforrnalion given in the financial statements is inconsistent in any material respect with the trustees. reportr. or sufficient accounting records have not been kept., or the financial slalemenls are not in agreement with the accounllng records,. or we have not received all the infomation and explanations we require for our audrt.
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF BRYONY HOUSE LIMITED Responsibllities of trustees As explained more fully in the statement of Iruslees, respon5ibililies. the trustees, who are also Ihe directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation ol financial staternenls that are free from maltsrial mlsslalement, whether due lo fraud or error. In preparing the financial statements, the Irustses are responsible for assessing the charity's ability to continue as a going concern. disclosing, as applicable, matters related lo going concorn and using the going concern basis gf a¢counling unless the Iru5tees either intend to liquidate tho charitable company or to cease operations. or have no realistic allemalive bul lo do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor undei se¢tion 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstalemenl. whether due lo fraud or error, and to issue an audilorfs report that includes our opinion. Reasonable assurance 13 a high level of a55uran¢& but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always delecl a rNalerial misslalement when it exists. Misstalements 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. Irregularities. including fraud. are instances of non-compliance with laws and regulations. We desi9n procedures in line with our responsibilities, outlined above. lo detect material misslalemenls in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. induding fraud, is detailed below. Based on OUT understanding of the charitable company. we identrfied the principal risks of non-complian wth laws and regulations inclijding those that have a direct impact on the preparation of the financial slalemenls and the exlenl to which non-compliance might have a material effect on the financial slalements. Audlt procedures performèd included discussions with management. review of board meeting minutes, testing of joumals, designing and performing audit procedures and challenging a55umpb.ons and judgemen15 made by management in r8lation to accounting estimates. There are inherent limitations in the audit procedures des¢ribed above. We are less likely lo b8come aware of instsncès of non-compliance with laws and regulation5 that are not closely rolaled to avents and transactions reflected in th& financial slalements. Also, the risk of not delecling a mat8rial misstatement due lo fraud is higher than the risk of not delecling one resuming from error, as fraud may involve deliberate concealment by, for example. forgery or intentlon81 misrapresenlations. or through collusion. A further description of our responsibilities is available on the Financjal Reporbng Countil's wgbsile at.. https'.11 www.fr¢.org.uklauditorsresponsibililies. This description forms part of our audit¢*s report.
BRYONY HOUSE LIMITED {LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BRYONY HOUSE LIMITED Use of our report This report 15 madg solely lo the charity's Iruslees. as a body, in accordance with part 4 of the Charities {Aonts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stsle lo th9 charity's trustees those matters we are required to stale lo them in an audilorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility lo anyone other than the charity and the charity's trustees a5 8 body, for our audit work. for this report, or for the opinions we have formed. Colm McGrory FCA (Senior Statutory Auditor) for and on behalf of Ormerod Rutter Llmlted .J..7..1.J.2.).i.o24 CharteFed Accountant$ statutory Auditor The Oakley Kidderminster Road Dro1ICh Worcestershire WR9 9AY Ormerod Rutter Limited is eligible for appolnlment as auditor of the charity by virtue of ils eligibility for appointment as auditor of a company under section 1212 of thg Companies Act 2006.
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current financial yoar Unrestrlcted Unrestricted funds funds general designated 2024 2024 Restri¢ted fund$ Total Total 2024 2024 2023 Notes Income from: Donations and legacies Charitable activities Investments 28,703 987,121 1.000 29,703 987,121 17,028 26,124 1,012,574 29,481 17.028 Totsl income 1.015,824 17,028 1,000 1,033,852 1,068,179 Expenditure on: Raising funds Charitable activiues 2,540 1,519,411 2,540 1,520,064 4,122 1,304.295 6S3 Total expendsture 1.521,951 653 1,522,604 1,308,417 Net incomel{expendlturel {506,127} 17,028 347 1488.7521 1240,2381 Transfers betsvgen funds 14,159 {14,159} Other r¢¢ognlsed gains and ltsssès: other gainsl{lossesl 13 5.197 180) 5,117 {46,9791 Net movom8nt In fvnds {491,968} 22,225 113,8921 1483,635) 1287.2171 Reconciliation of funds.. Fund balances a11 April 2023 904,477 741,566 22,831 1,668,874 1.956,091 Fund balances at 31 March 2024 412,509 763,791 8,939 1.185,239 1,668,874 The slalement of financial activities includes all gain5 and losses rgcognisad in the year. All income and expenditure derive from continuin9 activities.
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior financlal year Unrestricted Unrestricted funds funds general deslgnated 2023 2023 Restricted funds Total 2023 2023 Notes Incom8 from: Donations and legacies Charitable activities Inveslmenls 25,124 1,012,574 1.000 26,124 1.012,574 29,481 26.725 2,756 Total incom 1,037,898 26,725 3,756 1,068,179 Expenditure on- Raising funds Charitable activities 4,122 1,245,211 4.122 1.304.295 59.084 Total expenditure 1.249,333 59,084 1,308,417 Net ineomel{expenditure) 1211,635} 26.725 155.3281 1240,2381 Other recognised gains and lo$$e$: other losses 13 143,8771 {3,1021 146.9791 Net movement in funds 1211,6351 117.1521 158,4301 1287,2171 Reconciliation of fvnds: Fund balances al 1 April 2022 1.116.112 758.718 81.261 1.956,091 Fund balances at 31 March 2023 904,477 741,566 22,831 1,668,874 10-
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets Investments 14 15 1.106,077 146,972 1,122.992 571.997 1,253.049 1,694,989 Current a$$ets stocks Dèbtors Cash at bank and in hand 16 17 5.117 14.190 30.698 10,657 22,752 33,409 50.003 Creditors.. amounts falling due within on¢ year 18 1101.2191 176,1181 Net current Ilabilltios {67.8101 126,1151 Total assetslgss currènt liabilities 1,185,239 1,668.874 Net 355ets excluding p8nsion liabillty 1,185,239 1,666,874 funds of the charity Restrided income funds Unrestricted fund5- general Unrestricted funds- designated 20 8,939 412.509 763,791 22.831 904.477 741, 21 1,185,239 1.668,874 The company is enliued to the exemption from th8 audit requirement ccntained in section 477 of the Companies Act 2006. for the year ended 31 March 2024. allhough an audil has been ¢arried out under section 144 of the Charitses Act2011. The dI¢t5 acknowled9e their responsibilibès for co'ng wth the requirements of ihe Companies Aci 20C th rèspecl lo accounting records and the weparab'on of )Inancial statements. The members have not required the company to obtsin an audit of rts fiNC441 statements under the requirements of the CompaniesAci 2006, for thè year in question in aro)rdance with section 476. These financial statement5 have been wepared in accordancè with the provisions applicable to companies subject lo the small Companies regime. The finanaal ststemenls werè approved by the trustees on .i.a.1.9.12.Q2.+ <LJ Mr A Shrimpton Chair of Trustees Company reglstration number OQ551609 (England and Wales)
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Note$ Cash flows from operating actlvltles Cash absorbed by operallons 26 {423.526) 1209,4941 Investing actlvlties Purchase of tangible fixed assets Purchase of investments Proceeds from disposal of investments Investment income recelved 131,5881 180,9851 15,5501 166,150 29.481 430.142 17,028 Net ¢a$h generated from investing activiti8$ 415.582 109,096 Net ¢ash used in financing aetlvltle$ Net decrease In cash and cash equivalents {7,944) 1100,398} Cash and cash equivalents at beginning of year 30,696 131,094 Cash and cash equlvalents at end of year 22,752 30,896 12-
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Charty information Bryony House Limited is a private company limited by guarantee incorporated In England and Wales. Thg registèrèd office is Bryony Road, Selly Oak, Birmingham, Wesl Midlands. 829 4BX. Every member of the company undertakes lo contribute to the assets of the company in the event of il being wound up while they are a member, or within one year after ceasing lo be a member, for paymenl of the debts and liabilities of the company contracted before they cease to be a member, and Ihg ¢OSts. Chargos and expenses of winding up. and for the adjustment ol the righ15 of the conlribulories among themselves such amount as may be required. not exceeding £1. 1.1 Ac¢ounting convention The finaneial slalerrients have been ppared in accordance with the charity's att¢les of association. the Companies Act 2006 and "Accounting and Reporting by Charities: Slalement of Recommended Practice applicable lo Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffe¢tive 1 January 20191.. The charity is a PLtblic Benelit Entity as defined by FRS 102. The financial slalernenls are prepared in sterling, which is (he fun¢tlonal currency of the charity. Monetary amourbts in these financial statements are rounded to the nearest £. The financial slalemenls have been prepared under the historical cost convention. The principal accounting poliaes adopted are set out below. 1.2 Going concern At the time of approving the accoun15, the trustees have a reasonable expectation that the charity has adequate resources to continue in operallonal existence for the fOSeeable future. Thus the Iruslees continue lo adopt the golng concem basis of accounllng In preparlng the accounts. 1.3 Charitable funds General funds are unrestricted funds which are available for use at the discrolion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for p8rticul8r purposes. The costs of raising and administering such funds are ¢h8rged against the specific fund. The aim and use of each ieslri¢led fund is set out in the notes to the financial statements. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Investment income and gains are allocalad to the appropriate fund. 13-
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles (Continuedl 1.4 Incoming re$¢ur¢es All incoming iesources are in¢lud8d in the Statement of Financial Activities when the charitsble company is entitled to the income and the amount can be quantified wth reasonable a¢¢uracy. The following specific policies are applied to particular Categories of income.. Fees recaivabl8 are accounted for in the period in which tho service is provided. Voluntary income by way of grants, donations and gifts is in¢luded in full in the Stalernenl of Flnancial Activities when receivable. Grants, where entillemenl Ss not conditional on the delivery of a specific performance by the charitable company, are recognised when 11 becomes unconditionally enlilled lo the grant. Donated services and facjlilies are included at the valug to th8 charitable company where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Legacy income is recognised when there is sufficlenl evidence that il will be received. 1.5 Ro$ources expended Expendilure is recognised on an a¢¢rual basis as a liability is incufred. Charitable expenditure comprises those costs incurred by the charitsble company in the delivery of its activities and services for its beneficiaries. GoveTnance costs include those costs associated with Meeng the constitutional and slalutory Tequirements of the charitable company and include audit fees and costs linkèd to the strategic management of the charitable company. All costs are allocated between the expenditure Categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity comprise tolh costs that can be allocated dlreclly lo such acllvllies and those costs of an indirect nature necessary to support them. 1.6 Tangibla fixed a$$et$ Tangible fixed assets costing more than £5,000 each are stated al cost less depreciation. Tangible fixgd assets costing less than £5,000 are not capitalised. Existing assets are reviewed annually for impairmenL Depre¢iation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases- Improvements lo long leasehold premises Fumilure, furnishings & equipment 2.kn straight line 5- 10 years The gain or loss arising on the disposal of an asset is determined as the difference belween the sale proceeds and the carrying value of the asset. and 15 reccJnised in the slalement of financial activities. 1.7 Fixed asset investments Investment8 are stated at mid-market value al the balance sheet dale and the gain or loss taken to the Statement of Financial Aclivilies. 1.8 stocks Stocks are valued at the lower of cost and net realisable value. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-lerrn liquid investments with original maturities of three months OT less, and bank overdrafts. Bank overdrafts are shown wILhin borrowings in current li8bililies. 14-
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcS•s (Continued} 1.10 Flnanclal instruments The charity has elected lo apply the provisions of Section 11 'Basi¢ Financial Instruments. and Section 12 'Other Financial Instrumenls18sues' of FRS 102 to all of its financial insliuments. Financial instruments are recognised in Ihe charitys balance sheet when the charity becomes paty lo the conlraclual provisions of the instrument. Financial assets and liabilities are offset, wtth the nel amounts presented in the financial slalements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention lo settle on a nel basis or to realise the asset and settle the liability simultaneously. Baslc finan¢ial a$sets Basic financial assots, which include debtors and cash and bank balances, are initially MeaSud al transaction price including transaction costs and are subsequentty carried al amortised cost tjsing the effective interest method unless the arrangernent conslilules a financing transaction, where the transaction is measured al the present value ol the future receipts discounled at a market rale of interest. Financial as$8ts classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans, are initially recognised al transaction price unless the arrangement conslilules a financing transa¢tion. where the debt instrument is measured at the present value of the future payrnent5 discounted at a market rate of interest. Financial Ilabililies classified as payable within one year are not amortlsed. Debt inslrumenls are subsoquendy carried at amortised cost. Using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Arnounts payable are classified as Curn1 liabililies if payfnenl is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recogni5ed initially at transaction price and subsequently measured at amortised cost using the effective interest method. D•recognltlon of flnan¢lal Ilabllltlos Financial liabilities are derecognised when the charity's contractual obligations expire or are dlsch8rged or canlled. 1.11 Taxatlon As a charitable company. Bryony House Limited is exempt from tax on income and gains falling wlthin s8¢llon 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the exlenl that these are applied lo its charitable objects. No tax charges have arisen within the charitable company. 1.12 R•tir8m8nt b•n•flts The charitable company contributes towards the money purchase pension schemes of employtres. The pension charge represents the amounts payable in respect of the year. 1.13 L•ases Rentals under operating leasgs are charged lo the Ststement of Financial Activities as incurred over the temi of the lease. 1.14 VAT VAT is not recoverable by the charitable company, and a5 such is included in the relevant costs in the Statement of Financial A¢tivities and tangible fixed assets. 15-
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltlcal accounting estimates and Judgements In the applicab'on of the charity's accounting policie5. the trustees are required to make judgements, esllmates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumption5 are based on historical experience and olher fa¢tors that are considered to be relevant. Actual results rnay differ from these gsts'males. The esllmales and underlying assumplh)ns are revlewed on an ongoing basis. Revbslons lo accounting estimates are recognised in the period in which the estimate is revised where the revision affects only Ihat period, or in the period of the revision and future periods where the revision affects both currènl and future periods. Income from donatitsn$ and Itgaeies Unrestrl¢tèd Restricted funds fund5 2024 2024 Total Unre$trleted Rostrlcted funds funds 2023 2023 Total 2024 2023 Donations and gifts Grants 9,475 19,228 1,000 10,475 19,228 6,185 18.939 1,000 7.185 18.939 28.703 1,000 29.703 25,124 1,000 26,124 Grants rèceivable for core activltles BCC Care grant 19.228 19,228 18.939 18,939 19,228 19.228 18,939 18,939 Charltabl¢ a¢tivitie$ 2024 2023 Fee income 987,121 1,012,574 Invostments Unrestricted Unrestricted Restricted funds funds funds 2024 2023 2023 Total 2023 Listed investments {including common investment funds) 17.028 26,725 2.756 29,481 16-
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Analysis of èxpendituré on charltabl8 activities 2024 2023 Stsff wsls Provisions Household requisites and utensils Activities Residents, subsidy 982.340 62,474 50,281 9,840 826,652 64,S30 16,619 9.011 57.431 1.104.935 974,243 Share of support costs (see note 71 Share of governance costs {see note 71 410,329 4,800 325.492 4.560 1.520.064 1.304,295 Analysis by fund Unrestricted funds- general Restricted funds 1,519.411 653 1.245,211 59,084 1,520,064 1.304,295 17-
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Govornan¢g costs ¢osts 2024 Support Gov¥rnanee ¢o$ts co$t$ 2023 Staff related costs Depreciation Cllnical waste Lighting and healing Rent. rates and insurance Repairs Gardening Registration fee Professional fees Telephone Office and sundry expenses Bank charges Audito9 remuneration 88,059 48.503 8.840 53,362 88,059 48.503 8,840 53,362 71.174 48.921 71,174 48.921 37.339 37,339 32,794 80,182 3,126 4.076 5.833 1,093 32,794 80,182 3,136 4,076 5,833 1,093 38.557 56.872 4,796 5.024 6,093 2,200 38,557 56.872 4,796 5.024 6.093 2,200 84,187 274 84,187 274 4,800 54,223 293 54,223 293 4,560 4,800 4,560 410,329 4.800 415.129 325.492 4,560 330,052 Analysed between Charitable activities 410.329 4.800 415.129 325.492 4.560 330,052 All 5UPPOrt costs Telate to the provision of residential care, which is the principal object of the charilaNe company. Governance ¢J)sts includes payments lo the auditors as detailed in note 8. Net movernent in funds 2024 2023 The net rnovemenl in funds is ststed after ¢hargingl{¢reditingl: Fees payable lo the charitys auditor.. for the audit of the Charity's financial statements for other financial seNices Depreciation of owned tangible fixed assets 4.800 2.751 48.503 4,560 3,994 48,921 18-
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Audltor's remuneration The analysis of auditor's remuneration is as follows.. Feès payable to the auditorfs and assoclates: 2024 2023 Audit of the annual accounts 4,800 4,560 Non4udit services All other non-audil services 2,751 3.994 10 Trustees None of the trustees lor any persons connected with them} received any remunerat¥)n or benefi15 from the charity during the year. 11 Employee$ Number of employees The average monthly number of empk)yees lexduding direclorsl during the year was.. 2024 NuMr 2023 Numbor Administration Care General and domestic 20 15 22 17 37 41 Employment Costs 2024 2023 Wages and salaries Social security costs Other pension costs 990,224 63.434 16,741 830,745 54,028 13.053 1,070,399 897.826 There were no employees whose annual remuneration was £60,000 or more. 12 Taxatlon The charity is exempl from taxation on its activities because all its income is applied for charitable purposes. 19-
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Other gains or losses Dèslgnated Restricted funds funds 2024 2024 Total Designated Restricted funds funds 2023 2023 Totsl 2024 2023 Realised and unalISed investment Ilosses}Igains 5,197 180) 5.117 143,8771 (3.1021 146,9791 14 Tanglble flxed assets Improvemonts Furnilure. to long lurni5hiDgs & leas8hold equipment pr8m150S Total Cost Al 1 April 2023 Additions 1.729,503 24.814 270,629 2.000,132 6,774 31.588 At 31 March 2024 1,754,317 277,403 2.031,720 Depreciation and impairment At 1 April 2023 Depreciation charged in the year 649,062 35.086 228.078 13,417 877,140 48,503 Al 31 March 2024 684,148 241.495 925,643 Carrying amount Al 31 March 2024 1.070,169 35.908 1,106,077 Al 31 March 2023 1.080.441 42,551 1.122,992 15 Fixed asset Investments Listed Investments Common investment fund$ Total Cost or valuation Al 1 April 2023 Valuation changes Disposals 527,502 5,197 {385,727} 44,495 1801 144.4151 571,997 5,117 1430,142) Al 31 March 2024 146,972 146,972 Carrylng amount Al 31 March 2024 146,972 146,972 Al 31 March 2023 527,502 44.495 571.997 20-
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Flxed asset investments Icontinuedl Analysis of Investment portfolio 2024 Reprèsenting over 5•A of the portfollo value Merchants Trust PIC HICL Infrastructure PIC Brunner Investrnent Trust JPMorgan GBL Growth AVI Global Trust PIC F&C Investrnenl Trust Troy Trojan Global Equlty Royal London SUST DIV Tnjst 18.620 12.640 13,050 16,800 23,150 19,920 18,213 11,028 133,421 Investments less than 5Yo of the portfolio value AXA Framlnglon MGD Tritax Eurobox 8,120 5,431 13.551 Total market value of investments 146.972 All investments are registered in the UK. 16 Stocks 2024 2023 Prowslons and consumables 5,117 17 Dobtors 2024 2023 Amounts falling due within one year: Trade debtors Prepayments and accrued income 10.657 1.613 12.577 10,657 14,190 21
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Crédltors- amounts falling due within one year 2024 2023 Other taxation and social security Trade creditors Other Creditors Accwals and deferred income 26,080 62,786 7,376 4,977 22,260 45,027 4,094 4,737 101,219 76,118 19 Retirement benèflt s¢heme$ The charity 0rateS a defined contribution pension s¢h8me for all qualifying employees. The assets of the scheme are held separately from those of the charity in an indepèndently administered fund. The charge lo profit or loss in respect of defined contribution schemes was £16,741 12023 - £13,053). The amount included in creditors in respect of defined contribution schemes was £5.58812023 - £3,401). 20 Rèstrlcted funds The Income funds ol the Charity include restricted funds comprising the followlng unexpended balances ol donations and grants held on trust for specific purposes.. At 1 April 2023 Incomlng rèsources R•sources expended Transfers Gains and At 31 March losses 2024 Garden fund Conservatory fund Bryony House bursary fund 1,(K)O 1,000 8.592 16531 7.939 14,239 {14.1591 180} 22,831 1,000 16531 114.1591 180} 8.939 Prevlous year: At 1 April 2022 Incoming resources Resources expended Transfers Galn$ and At 31 Mar¢h lossès 2023 Garden fund Conservatory fund Bryony House bursary fund (1.0001 9,245 16531 8.592 72.016 2,756 157,4311 13,1021 14,239 81.261 3,756 159.084} {3,1021 22,831 22-
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 20 Restricted funds (Continued) Indudeij within the Bryony House bursary fund is a revaluation reseNe of £22.835 12023 £22,835) and induded within incorning resources of that fund is a transfer from th8 general fund of £nil12023- £nill. Reslrictsd funds represent.. Garden fund Donations from Mr Roger Cadbury for major work or special projects as and when required., Conservatory fund - an appeal to build a conservatory which has been built and against the value of which annual amounts of depreciation are being charged., Bryony House bursary fund - a charity included wilhln the acwunls under a Uniting Direction, the income of which can be used lo assist needy residents in paying their fees. 21 Unrestricted funds . designatèd These are unreslrided funds which are material lo the charity's activities rnade up as follows.. At 1 April 2023 Incoming rasources Gains and At 31 March losses 2024 Cydical"Mainlenance Fund 741.566 17,028 5,197 763.791 Prevlous year: At 1 Aprll 2022 Incomlng rasources Galns and At 31 March losses 2023 Cyclical Malntenance Fund 758,718 26,725 143,8771 741.566 Includgd within th8 Cyclical maintenance fund is a revaluation resgrye of £149,45512023 - £144,258}. The Cy¢li¢al maintenance fund has been designated for the maintenance. repair and develtsprnenl of Bryony House. 22 Unrestricted funds The unrestricted funds of the Charity comprise the unexpended balances of donations and grants which are not subject lo spe¢ifi¢ conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustegs for specific purposes. At 1 April 2023 Incoming resources Resourcgs expendgd Transfers Gains and At 31 March losses 2024 Cyclical Maintenan Fund General funds 741,566 904,477 17.028 1,015,824 5,197 763,791 475,251 11,521,951} 14.159 -23-
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Unrèstri¢ted funds (Continued) Previou5 year: At 1 April 2022 Incorning re50urces Resources expended Transfers Gains and At 31 March losse5 2023 Cyclical Maintenance Fund General funds 758,718 1,116,112 26,725 1,037,698 143.8771 741.566 904.477 11,249.3331 1.116.112 1,037,698 11.249,3331 143,877} 1.646,043 23 Analysls of net assets betsyeen lunds Unrestrlcted Unr8strlctèd funds funds general de$ignated 2024 2024 Rostrlcted funds Totsl 2024 2024 At 31 March 2024: Tangible assgls Investments Current assetsllliabililiesl 1.106.077 1616,8191 176,7491 1.106.077 146.972 167,8101 763.791 8.939 412,509 763,791 8.939 1.185.239 Unrestricted Unrestricted funds funds general do$lgnated 2023 2023 Restricted funds Totsl 2023 2023 At 31 March 2023: Tangible assets Investments Current assetsllliabilkiesl 1.122.992 1169,5691 148.946} 1,122,992 S71,997 126.1151 741.566 22,831 904.477 741.566 22.831 1.668,874 -24-
BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 24 Operatlng lease commitments Al the reporting end date the charity had oulslanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2024 2023 Within one year Beeen and five years In over five ygars 32,762 121.873 70,360 8,260 34,032 29,9 224.995 72,261 Lease payment recognised as an expense in 2024 lotslled Nil12023.. £1,538). 25 Related party tran$a¢tions There were no disclosable relaled paty transactions during the year12023- none). 26 Ca$h generated from opèration$ 2024 2023 Deficit for the year 1488,7521 1240,2381 Adjustments for-. Investment income recognised in statement of financial activitses Depreciation and impairment of tangible fixed assets 117.0281 48.503 129,4811 48.921 Movements in working capital.. Decreasellincrèasel in stocks Decreas8 in debtors Increaselldecreasel in creditors 5.117 3,533 25.101 16431 20.454 18,507} Cash absorbed by operations {423,526} 1209,494} 27 Analysis of changes In net funds The ¢harity had no material dèbt during the year. 25-