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 m￿landS 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 Se￿e, 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$8s where necessary. StatÈm•nt of trustees. responsibilities The Iruslees, who are also the direclors of Bryony House Limited for the purpose of company law, are responsible for preparing the Trustees, Rèport and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards Iuniled Kingdom GenerallyAccepted Accounting Practlcel. Company Law requires the trustees lo prepare financial statements for each financial year whlth give a true and fair view of the slate of affairs of the charity and of the incorning resources and application of resources. induding the income and expenditure, of the charitable company for that year. In prèparlng these financial statements, the trustees are required lo: select suitable accounting policies and then apply them con5iStenlly' observe the methods and principles in the Chartties SORP., make judgements and eslimales that are reasonable and prudent., slate whether ap￿ICable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the fin8ncial statements., and prepare the financlal statements on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting ￿cOrdS that disclose with reasonable accuracy al any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Companies Acl 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable staps for the PTevenlion and detection of fraud and olhgl irtagularities. BRYONY HOUSE LIMITED (LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Auditor In ac(y)rd?nce with the company's articles. a resolubon propo$ing that Ormerod Rutter Llmltad b& reappointed as auditor of the company ￿11 be pul al 8 Genèral Meelng. The t￿tees, 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 reqU1￿ments 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 p￿paratIon 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 fina￿181 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 (A￿aUnts 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 {A￿o￿nts 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 Dro1￿ICh 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￿¢t￿5 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 fi￿NC441 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.+ 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 Be￿een 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-