Broadway Lodge Llmlted IA Charllabl• Company Llmrt•d by Gu¥rnnt••) Annual Roport and Flnanclal Stst•ments For the Year Ended 31 March 2025 C¢)mpany Numbor. 01201899 Charfty R•glst•rnl In Eng1W W•l•s Number. 269167
Broadway Lodg• Umlt•d Contents For the Year Ended 31 Marth 2025 Contents Reference and Admlnistratfve Detals Trustee Directws. Rep(*t 3-12 ststement of Tnotees, RespOlbillieS 13 Ind8p8ndenl Auditors. Report 14to17 Statement of Financial Activit 18 Balance Sheet 19 Statwnenl d Cashlkxs Noles to the Flnanclal Stslemenls
Broadway Lodge Limited Referencè and Administrative Detalls For the Year Ended 31 March 2025 Trustees and Dlr•ctorn A S LytteOft (Chair) C Cole Rev P Davis C HalkTomkn A Hyde CJ8W Dr P Seviour C Sparks Chl•f Exac1v• Senlor Managemonl Team J pk5 M Trew G Volans Prln¢lpal Offico and Reglstor•d Offlco 37 Totterdovm Lane Weston Suw Mare BS24 9NN Bankers Uoyds Bank PLC 120 Lewisham High Street SE13 6JG Sollcltors Fcot AnOY T Qu&1 Blackbrook Park Avenue Blackbrook Business Park Taunton TA12PX Auditors BlackLYook Park AveThJe Taunton Scrfn8rset TA12PX
Broadway Lodgo Limitod Twstee Directors, Report For Ihe Year Ended 31 March 2025 The Trustee& wtho 8 also dwectors for the purpjses of ihe Cryanies Ad, present thelr report and th8 fancial slat&m8nts ol the charty fcf tho year andod 31 March 2025. The fala1 staternts have been piepwed in acrJ)rdan¢xJ wilh the a(untIng policles set In note 1 to the finwthil statements and compty with the tharity'$ Memorarmjum and Artides of Association. tt18 Flnandal Reportlng StaNlard applicable kn the UK arrfl Republ1¢ of Ireland {FRS 102) {effective 1 January 2019)- Icharfties SORP FRS 102}, ts Financial ReEIng StsThJard arplicable in the UK and Republic of Ireland {FRS 102) aThl are in acclxdanco thè Cornpan Act 2006. The charity Is varlously referred to Ihroughoul ttrms rep(xt as ther Ihe chariif, Ihe Cpan ¢y "Ihe ch<abte ¢ompany'. Reference and Admlnlstratlon Delalls Charty numbw. 269167 Company number. 1201899 Reglstered ad(kess: 8ro8(hwdy Lodg8. 37 Totterdml Lane. weSt(-SuPer-Mare. BS24 9NN Structur•, Gov•rnan¢• Mon•g•m•nt The organisation is a charitable wr¢)any Iwnited by guarantee. kwporated on the 27th Febnjary 1975, although Broadway Lodge stsrted Ils work 4th addiclion in 1974.Th6 company was established under a emorandum of Association. wlkh established the objects and powers of tho dritable company and is governed urth its Arttcles of Assooal#)n. In Ihe eveni of th8 cofflpany lTrg fjund up members are required to contribula an amount not exceed £1. Th8 followtng Ite95 who a also directss for th8 pUrse5 (A Comp law, during tho y•ar: C Cole: P Davis- Unlverslty Le(urerlStrat8gy & Innov8tMin csU118r Supemumwary Minister C Hall-Tomkln ProFwty Investor and Business Consullant A Hyde Hospltal Dlr8Ctor C Jem: Insurance Broker S Lyttelton Music Curator and Conwltant P Seviow: Retired GP C Spwks: Retired Nurse {ChaK ofTruste95> anisatk)nal The full Board of Twstees meets a ffinlmurn 4 iknes 8 year ar 1$ resPSIble for tho strategic dlrection arKI 1¢Y of the chwty. These m8elings are also awjmenled by adu81 vlrtual Interlm board meelings to supwt the decasion-making process as and Wt the rned arises. Day to day reSpbility rests th tha Chief Executive arKI the Senlor Leadershlp Team (SLT). The Chlef Executive ha5 delegaied respon7)111fy from the Board of Trustees to ensu that the chanty delivers the seThKe$ degxlbed In the objeth'ves and aclivits and rAmpke$ tmth all applicable statutory requirements.
Broadway Lody Llmltod Trust88 Dlrectors. Report For the Year End8d 31 March 2025 Various Committees meet bHnonthty or quarterfy with attendance from the 8oard of Trustees, brth)bars of the SLT and representatives fron auoss the anisat[On. The Commitlees oversee dinical governance, KM)li¢i88 and pro¢odures, health and safety. compuanee with 8pplTrcable statutory requlrements and risk assossments. they also erwre through (¥0Sx)rgantI0n r8pre$enlatNJn that all requirebr of the CQC aro nL Our Commllté6 strudure is: HR& Patient Health,.& TrusimCEqNi Clinical Governance Therapy Governance Method of intment The management of the iarty is the rnswnsibilty of the Bo¥d of Trustees are elected and ¢o- opted under the tenns of the Arbd88 of AssociatM)n. Politrie$ for the I uction and Trainin Tru Naw TNstees are provided with an Indu(thn sxogranyno upOn1n1Vj Ihe ¢*arfty. Arran ements ts S n6raOn of th8 Cha nt rsonn81 The Board sets the remuneratn package for the CW Ex8(tiVe based LYL a packag8 ¢ommgnsurate with lh8 InSty ncm. Th& Chlel ExeoJtive sgts the pay level. wlth ratrfKation of the Board, of all othor members of tho SLT. The Chief ExeoJtive Sots tho pay lovel of all other staff exceptiro the aLM)v8.
Broadway Lodg• Limitod Trustee Directors. Report For the Year Ended 31 MCh 2025 R8lationsh' Betsyeon Broa(hva Lod and Related Parties Broa(hYay LcKlge is not affdiated with any groups nor d( M havg any sub8kliarie8. It occasionally joins other organisations in partnership to bid CtractS in Vlfith casa a memorandum of understanding undwpins th8 arrarwnent and a (mtract delineates the partiojlars of the partnership the bid is successful. Bn)adway Lodge is a mombor of the Choices Group that is made up of Ilkeminded, indepondgnt addiction arKI rehalxltatlon enllties. Obl•cllvM and Adlvlll8B Tho ch8riVs obiecknve princw a(*vlty k the tre8trnent of addiction and assodated hams ol individuals and their famlies, fo¢usY#J on the 12-step phloscyhy. The trustees ensure that at all times and In all are88, polths are In place lo enable th8 charlty to fulfil its ObJe.yO3. Tho tharity's Vison and Mlssion ren th8 sam? thbs Is: WAY TRAltsrorEu4Nfi I s Vlfjlon: .
Broadway Lodg• Llmftod Truste8 Directors. R8POrt For the Year Ended 31 March 2025 Tr charity offèrs an ext36 rangè of flexible treatrn rehabthtlon sorvicas indthng detoxification. residential rehalmlitation, SUPFthed housing and Lxmmunty servi. Associated activities induding education, training and consuttancy is &Milable to sLools, ¢ge9. Ihe publt sector and corporal8 oryaanisations. There is 8190 coll8boralive worklng wilh 0th8r treatment providers in order to rals• awarene33 of addlctlon. treatment optkTh and w<wmw. Ivilles Dellver Publk Benefit ,%Lrvicc l)iovisioii 2024/25
Broadway Lodge Llmlted Trustee Directors. Report For the Year Ended 31 Marth 2025 The chariws treatment Fwrwnmes conliiue to wovMYe the (yFKtunty for indNNJuaS8 to bene abstinent from their addK4b)n and go on lo lulfiling INes. many erMJagiryJ i) furthor education and employmenL Broadway Lodge cOntirM to receive eNwlrfes from IrKls. families and heallh care kvof•ssbn trYg tc obtain diaritable assistance. Th8 txg8nisatiM erthavours to provide as much tharitablo assistance as is feasibly posSIe, and as stated last year it was the aim of the charty to SnIfn11Y In¢roas• this offering arKI has seaKed grant fvnding for 9. 4 week troatmont $bts that will b8 spread over th8 year8 2024125126 arKI 2027. Fwther to tIMs V conlinue to seek ways k) increase this provision. In totsl 35 tharty bed nh3hts ddfrrf8rod in 2024. tt is enVaged that the increased $olf-paying and o)rp)rate rnats WMI hetp Broadway Lodge to athteve this. Broadway Lodge has aLo reinstst6d 6dLtstion to trainees throwh placements Wbth the Charity. In addiknon Mental Heath Nurses. Soc4al Worke, Poke Offic8TS and Ccwnsellors are at4e to develop tlwlr knomrfedge of addlctlon and substancÈ misuse as part of their votalional tralning. Flnanclal Revlew Resum for the Year Broadway Lodge has had an0tr yw of rKtsitlYe grtrth and as a CA)rwuen¢e the Net Inc4)mo to 31° Marth 2025 was £161.923 (Net Iorn8 to 311 March 2024 was £ £145.001). Longer tem) debt decreased In the year trn £330.140 to £279.545 as Broa(frway Lcmjge cOnU6$ to repay Ihe Cororwirus 8usin&8$ InterOn Loan used to compleie a refurbishment of th8 facilities on offer to the dients. The charity entered Into a loan agreement with Triodos Bank pl¢ for £450.000 for thls rèfurtJislwn8nt proje. The balance sh66t remalns 89 at 3111 March 2025 and totsl charity fixmts V•rwe £2.663.241. ash r88orves in tho ye¥ wKrnasod by £4,810.Th8 otning balance of £337,738 wueased to £342.549 by 3141 March 2025. The dwrivs reserve Oicy Is to hold 1¥4r¥ Mlths. worth of unrestricted actNtties In Ilquk1 funds. Thls WO equate to approximatety £4CKlk The trustees are coTh¥nitt8d to wowkng the cash reserves of the Charity and thls yew ICulated a cash recovery plan that is regukqty tracked arxl reviewed and was felt necessary tolkywlThJ the Impact of the pandemlc the [efiJrbhM8n1 projact. PiincA Sources The charivs principa fvnding scKwce is fr(4n the 1$10n of detoxificatim residentkql rehablitation to clients referred by local authorit. NHS bl1105. insurancé ¢ompanios and privatè Indlvbjuals. The fUrMI)g allows the pyovision of a robJst medicalty managed detoxificat1 and Iherapwti¢ reskjential prcJramme. 2024125 has seen the beneft of our focus on funthaising so as to add an adclitional fundlng sour¢e wlNch is deliverlng sums that ar6 restrl¢ted and unrestiict8d, ryth £114,572 raised in tho
Broadway L¢)dy Llmltod Trustee Directors. Report For the Year Ended 31 March 2025 Investment Polic The thary has wt a sum of £80,000 on derw)sii as a result of th8 impmed cashflow whllst retaining sufficlenl cash for day to day requiremonts. In Fundralslng activitles are condued in accordanco wlth the Code of Fundraising Practi¢e issuad by the Fundralslng Regulatty. The tharity's principal means of fuThfjralsing is through donations. mainly from forner patlents and thtyr lamilles. corp(xate d£0[5. and an1 appkations provided by SUPFM)rting Tnjsts. Donatlons and grant app1icatks have historicalty ropresented a very small amount of income. however with thg fo¢us on this irtome stream in the last 12 rrK)nth$ the chaiity is seeing this becoming an Importarrt Inccffie stream that 1¢ wil (x)ntmue to grow in the cornw years. Achl•vom•nts and P•rfornMnce PY 2023124 v$ 2024125 Total Bed Nights CY124-25IToii71 rJ41 Njihl$ PYP3_24)TOlil Ik..d lJiJits 1.?ts) 1.0 6(Kl 4(Y) 1. In lo¥ F£.lJ Broadway Lodge provlded a total of 12.279 bèd np3hts In tho year to 31st March 2025. Thi$ compares to 11,726 the prevlous year. Thls represents an inGreas8 of 5%. buikling on the increase of 10% in t pmvious year. Occupancy rates have been consistontly hw m(th on month at circa 85%. Occupancy Is somewhat limlted due to somo $har8d rooms. disabilty requiroments and gernl8r of clients. A5 mentioned below in Ihe 'Fulure Developments. secti(, the addition of SCAne more beds and bedrooms provkle addltlonal ex1 to bth meei Ihe need5 d our ckents. As slated last yew, Residential treatrnent continues lo i the wimwy source of income for the charity. Broadway Lc4Jge also continues to wovvje detoxlfication to clients reforrad into treatmént Ma the contra¢t wth North Somer88t for the Sojth West Northem Consortium from Bristol, South Gtoucestershlre. Bath and TrJrth East slerSet. c¢Sr¥hIro. Swindon. Somerset and North Somersel.
Broadway Lodge Llmlt Trustee Directors. R8port For the Year Ended 31 March 2025 Tho UK Shared Prosperity Fund funded by the Govemmenl Departm1 of Leveifing Up Hijusing Communiti6s conllnu8d to fijnd Aftercare and Wellbeyu $6ssi(ms on a V+pokly basis. This Kolect supptyt5 di¢nts recoverlng fr(Th •mict, dcffi8stic abuse. tram. mèntal health issues or are unemployed to improve self-esteem and leam ab(xJi se11-ce to be able to move forward. Unfortunately, this fundlng cam6 to an end thls financial year. h(hvever. BrOadY Lodge continues to provide these valuable seTvi¢es and is lookKffj for altemative grant funding to enable th8 provision of this s8rvice in the communty to nIknue. Broadway Lodge Monthly Cost Base r Cosi$ P.I' lill& St_llt IA..ieJQiSr- 250.000 dOO.Cy)O 1.40. 100.WO Ai?r-?.4 MI,. 2A Min-2d Mic-24 Sw-24 Ott-24 NOV.2rt Oa_It.?d Kin-?5 Foh ?J l.11-?) Broadway Lodge as a s¥rflce tffovKler narallY has a hlgh level of cx)st a8s(Kiated with the employment of Ski staff. To provid8 the18vg1 of care rewired tho cost of payrdl arMJ other staff related expenses represent 75% ol the total costs in([[ed by the (*arity. Equaly,75% of all payTdl costs are dedId to those staff members ervaaged in the dlrect service d6lNery to our clients. Broadway Lodge employs a spedart arKI diverse team ol staff induding a Consullant Psychiatrist. NMP'S. RGN'S. Mental Health Nwses, Heallh Care Asssstants, a 18am of qualified Counsellors and numerous 8UPWt sloff covwing admlnlstratw)n arKI mark8tlng. dc¥nestic. Gatsmg WKI malntenance. Broadway Lodge does nol pay any empbyee below the 'Real LI Wage. aTrJ Is a¢uedlted w41h the Llving Wage Foundation. As an (xganisatim. it endea¥ours to be thwoyer of chok£ In tho local area to attract tho bèst staff to provmje ifs sfjrv1s. staff costs have rtsen by 11% cornpared to the wevious year. It was a)ti¢lpated to b8 slightly hlgher than this. hmver there re a ctsiple of vacancies that wtsre deferred or remain unfilled duo to the specialist nature of the role. The wryent financial year (25-26} wll see a signfficanl crease in EmdoyeTS National Insurance due to the intrryjuctth (A the higher rate arKI redwed allowances intr(MJuced by the current govemme
Broadway Lodga Umltod Trustee Dlr8ctors' Report For the Year Ended 31 March 2025 The cost of living crisis and high infiation during the financjal year have géen costs such as food. utilitiès and Insurance rise muth more than In prevtous years. Despite the hwjh level of costs. Broadway Lodge continues to thrive and this Culnt year L% looklng posltive Or agaln alkming the charity to COnUe to invost in seNlc8s and the facililies on offer. Futur• Dovelopm•nl• tren enin Broadway Lodge has been a key wovklw of 12 step residentk91 aJtIL treatment for over 50 years and is using ils long standing as a base upon whith to leverap and slrenfftn itself. We are doing e digital advs1ng. search engine op11mlsati. and attendance at key Kidusty events to build the brands top of mlnd avRr8n8. 7dthi¢h is irnting enquims and ccYMwcMy viith Broadway Lodge positively. We are also inv8stirwJ In Trauma Infomwd traIng for our key staff $0 as to be able to enhan¢• OUT 12 step programm8 fijrther. addresslng key weas for clients that wdl we believe improve and 8nhance theff joumey Into recovery. We hav& Inueased ow rehabHilallon bed capaoty Y•ith a Iwin 8Dd a siTh3 room, and through the skill of the t8am Improved the look and fe81 of the rInS so as to make Ihem attracbve and fft for u$6 for many years to wme, the moms are aCCCpanled by a fulty asSible wet rotyn and a stsndard shower room. both wth toilots. Ovw half of the c(vJt vras raised through grants. This wll not onty improve ow financial standing but also alkn¥ for more fi81ibility wlth room alk)CatK and for those needlng acc8ssibility. BIIOADWAY LODGE TRANSFQRk'.It40 LSVES 10
Broadway Lodge Llmlted Trustee Directors, Re For Ihe Yéar ErKled 31 March 2025 We Continue to revi and evolvo tt we do kn lh8 better of Iwr dients arKI w1 b8 creallng 5 year slraleglc KAan this year. We have welcomed our new MP. more patrMs. Alex Lovell arvj Philip Gay. as well as other thrilies and sector visitors frrKn Ihe UK and overseas, to share arml grow do and get th8 Broadway LrAlge name back out there and into the future. We we wothlng wSth our dwlty pather. Parinevs&. for the SeInd year running and through théir nelhvork of organisations ar8 being wxxied by a number of them. Swltch Health b8ing a great example. We Are Trailblazer have also ath)pted us as their charity pther. The support frcrfn these (xNporations Is knpant in growng our funds for key initiatives as well as rablng our prdlle more gen8rally. Anniversa We celeated our W anruversary in 2024 of which our reunK)n and W annivèrsary gala dinner were the h•3hlight over 250 pec¥l8 attending. The overarching tham8 frorn those attending VMS how much Broadway Lodge transfomied thr Ilves wlth years In recovery shared Spwbnlng from a few months for those h&J just left Broadway to 40 plus years fcff thoge were he somewhat longer ago to every time frame in beiwwi. il ks no Vh)nder tlw all affedionalty call r( the'mira¢ie mansion.. Rlk Manag•m•nt Th8 Board of Trust88s has identifd thal at present tho highest risks for Broadway Lcxlg8 are as fr4lows' R1 Potential redUCtk in the number of referrats to austwty measures kn Local Authlty budgets R2 PhysThl arKI mertsl h8alth of dients bg#ig rer1ed Into troalm•tt and the increasing costs of provvjing professlonalty qualif¢d staff to tsditate care for d1$ wlth crynplex needs R3 National suppty chain issue5 of certan rnedic To mwate these rlsks the folkr•AThJ aclKTh have been anned have already been put in place: Dtversification cl tsrget patients base beyoThl statutory and 8xistin(J rderral sources. Robust marketlng is In place to altract wivate and cAxpyate dients Targeted fund raising Through increased staff we bg aLqg to divofyfy cw ad1vit$ further - su¢h a$ holisti¢ trgalments. famly swi¢yt, prov1. sYovh%ion of sUrcOntr swvicas, educatM)nal and Irainlng setvlces Sound and prudent financial management Robust admiOn processes and [tocolS to ensure clients are fully assessed lor suitabllity prlor to admlssion by prOfeOnallY qUdird staff Rol)usl team harKI(Ivers multiple Ilmes a day to ensure any dlent Igsues we dlscLwd and evaluated MuttFdigc¥linary team rretingS to enswe all di8nts aro rovi6wTd and any Issues are known and captured by the rdevant teams Revlaw of requlred medication for client dull the assessment proc 11
Broadway Lodge Umltod Trustee Dir8ctors' Report For the Year Ended 31 March 2025 Small company provi8lon The rewrt ha5 been prepared in aczordance wilh tho spècAI wovÈsb)ns relatlng to conyanias subj'ect to the small conwanles regime withln Part 15 of the Companles Act 26. Slgned by order of Ihe trustees on .... A S Lyltelion Chair and Tfuslee 12
Broadway Lodge Umlt•d statement of Trustees. Resw)sibilili8S For the Year Ended 31 March 2025 The trusiees (vAK> are aso direrors of Broadw Lodge L•nlied for the purposes of company kiw) are responslble for preparing the Trustee Direct(Ks' Annual Rewt, Strategic Ret and the financial statemenls In accordance with applicable law and United KiThJdom A£counting Standards, indudirvj FAiancial Reporting Standard 102 The Finanoal Rowting Standard applicable in the UK and Republic oflreland (United ngd Generally knnttng Prackn). Company law requlros the tru8t885 to prepare fmancial ststemenls for each financial year which gNe a twe and falr view of the state of affalfs of the charft>le company of the ine4)me and expendlture of the ¢haritable company for Ihat perfod. In weparlng these fin1 statements, the trustees we requlréd select suiiabl8 8C(y)unting arKI then apply thn )nsiStenty. obseNe the methods and in tho Charilio$ SORP., make judgments and accountlng e51knates that are rèascrnbb and pwdent" state whether applati1e UK Ac(thnting Standards hava been followed. subject to any matertal departures disclosed and explained in the financial StateMts, and Prepare the financial statements on the going coeM basis unless it Is inappropriate to prasumo that the chwiiable (xjnpany wll o)ntinue in Siness. Tho trustees aro roswmknle for ke8pwYJ adg(W a¢cwnlM r¢¢ords that dksdos9 vlti Teasonable accuracy at any time the financial pos of the chariiable ¢rJnpany and enable them to ensure that the financial statements ¢1)mpty wlh the cte$ Act 2{. Ttrw are also responsl)le for safeguarding the assets of the charilable cornpany and hence for tskrng reasonabk stsps the prevention and detection of fraud arKI other regularitios. In so far as the trust885 arn awaro: there is no relevant inf¢xmation of the tharitstk gxnpanWs aKliiors are unaware. and the trustees hav8 taken all steps that they ought to have takon to make thomsgfves aware of any Televant aultht inffrfMat arKI to eStstSh that the allIorS arg awdre of that InfoMian. The trustees are res8118 for the rnaintonanc8 and kntegrlty of the wporate and finandal infomiation Induded on the tharitable (x)mpany's website. Leglslath)n in the United Kingdom govemlt¥J the preparation and i*sseminatton of financial statements fflay diffw fr(xn gIslation in other jurisdictions. Apwoved by tho trustsos on rF.IA W¢MMf...... and siwed on their b8haSf by: ASL ell nd Twstee 13
Broadway Lodge Limit Independent Auditorfs R8POrt to the Members For th8 Year Ended 31 March 2025 We have audlied Ihe financlal 5talemonts of Broadvrny Lodge Limlted {Ihe 'caritable company) for the year ended 31 March 2025 which ccrfnprisè tha Statomont of Flnancial Athtlw Includlng the Income and Expenditure AcwJnL the Balance SheeL the Cash FIN Statemt arKI notes to the financlal statements, in¢luding a summary of significant accjxffiting pokncies. The ffinancial r8porting framewotk that has been appllod In thelr preparation is applicable law and United lfjngdom Generally Accepted Accounting Pracll¢e, Including Financtal Rewbng Stsndard 102: The Financial Reporting Standard applicablg In the UK and RePUbr of Ireland (United Kw19d Generally A£certed ACcntIng PractKe). In our qjinion. the fHal statements: g¥• a Iwo and far view of tho state of the c*8ritab18 companys affairs as at 31 Morch 2025 and of its incomlng Te80urcw and appl¢atiM of resr th8 year then gfKled: have been pfopwty wepared in aCcOrdae wth United Kingdom Generaly Accepted Accounting Practicè: and have been prnpared In wjrdance wilh th8 roqurements of lh8 Cornpan Act 2006. is for We conducled our audit kn accxydance with Intematlona Stalards on Auditlng (UK) (ISAS (UKI) and applKable law. Our fysponsibilities under Ilvxe starthrds are further d8s¢rib8d in the Auditorfs responslbllllles for tho audlt of the finandal statements sedbn of our reporL Wo are independent of the charitable company in accordance with tho eth1 r¢quirgmants that are relevanl to our audil of the financlal statwnents In the UK, Induding the FRC'S Ethical Standard, arKI we have fulfilled our other ethl¢al responslbilitles in aWlanCe V•ryth thgse requirements. We believe that the audit eviderKe we have obtalned Is suffirygnl and apprwiate to Twoe a basis for w oplnhin. Con relatin In auditing the finanal statements. we hav• ¢onduded that th8 trustee's use of the going )nCern bas1$ of accounting In the preparation of the finarrial statements is appropriate. B8sod on Ihe Work we have perfonned. we have nol identifi8d any material une8rt8lntles relating to events or ¢ondltk)ns that, indNiduaUy or uAl¢¢tlvely. may cast signmlcarrt dcwbt on the charltable companvs abllity to continue ag a wrvj for a period of at least Iwelve from the origlnal finala1 $tatwThnts were authoriwl for use. Ow responbIlItieS and the responsibilities of the truste8s with r8sp8ct to sYxvJ con¢em are described the relevant sections of Ihe rgWt. erl The trustees are responslbb the othor InfomMtion. The otsr InfotiOn tho Infornation Induded in the Trustee Dire$. Reprt other than the fin8nclal statements and Thjr audltcy's report thereon. Our opinion on the financial statements does not cover the other Infonnatlon and, excepl to the extent otherwise explicluy stated in our reporL we do not express any ftsm of assurance eoncluslon 14
Broadway Lodgo Limitsd Independent Auditors. Report to the Members For the Year Ended 31 March 2025 In Connectkn wlth 8AKIIt of th8 financial stat•). wr re5ponsitrMIty is to read the other Inforynation and. In dcdng so. ¢onslder whether the other infmaticffi is malerialty inconsistont with th8 financial statements or our knowledge obtalned in th8 audit or olherwise appears to be materialty nisstaled. If Identify suth material Inconsthnci8s or appa1 mattrial misstatements, we a required lo determin8 wheth6r thar8 is a material misstat8menl in the flnanoal ststements (Y a material mlsslatement of the other information. W, based on the work have perfoThned. V ¢J)ndude that there is a matedal misslatement of this Other inforrnali(M, we are requlred to rewt that fad. We have nothing to rep(xt in this regard. nion In opinion. based on the work undertaken in the course of the alIL. the Infomwth gfven n the Tnth Dire(Xors' Report vknlch InCdes the Dke¢tors' Report epared the purFThes of CLpanY the fknandal year for which the finan¢ial statements are wepared Is consistent with the Tal ststements: a¥J tho Dlredors. Report Wuded ithin the Tntstee DKo¢tors' Report have b8en wepared In accordance awlic8Ne legal requlrements. re ex In the light of our know18dge and understanding of the clwith c(ynpany and its envinnment obtalned in the course of Ihe audil. we have nfA Idenlllled material Misslatents In the Dlrectors, Report Induded Y•ithin the Tvuslg8 Directcs, Rewmt. We havè nothlw to r8POrt In resFed rrf the following matters in relatM io wh1( the CpanIeS Act 2006 requlres us to repcKi io you If. in our OpIn. adequate a(ntila recorts have not been or rebjrns adequate for wr audit have not been recelved from Ixanches not visited by us: or the flnarKlal statements are not kn agreern wlth the ac(y)untlng reccyts and retums,. or Wo have not reIved al the information and explanations we rwur8 for our audlt: or the trustees were not enlilled to prepare the finandal statements kn atttsrdan¢e wlth the Small )mpanies' reglme and take advantsge of the small ¢(Mnpanies' eXptpS in preparing the Tnjstee Dire¢th' Rep1 and from the requkement to wepare a Strategk Rep1( onbltIeS of truste A5 explalned more fijlly In the Stat8menl ol Trustees Rewnslbllitles set cart on page 11. the trustees (who are also the ¢Jlrectots of the charltable wnpany for the purposes of company lawl are respcmslble for tha preparat[ of th9 fin8noal statements and for bglng satisfied Ihat they glve a true and fair vi8w. and for such Intemal control as the trustees determine Is necessary to 8nat48 the wepar81k of financlal statements that are free from material misstatement, whether (hJ8 to fraud or 8rror. In praparing Ihe fnanciaF stataments. thé trust9 are rwx)n$ibla for ass¢sswy the charitatA8 companys abblity to contiFMJe as a going (¥Jncem. dISng. as applicabl8, matters related to going concern and using the going c(ern basis of xcounting unless the trustees either intend to Itquidate the charitable company or to cease OperatS. or have no real'St aernatiVe but io do so. 15
Broadway Lodge Llmlted Independent Auditors, Report to the Member5 For the Year Ended 31 March 2025 Auditorfs res ribiffli•s for the aL1t of the fancial Statements Our objectfves are to obtain reascThble assurartg about whether the finaal statements as a whoEe are free from material misstatemenl. whether to or orror. arKI to issue an audrtorfs rèport that kn¢lude$ our oplnbon. Reasonab assuran Is a Iwel of 8$5urance, but is noi a guarant88 that an audit conducted in accordance wilh ISAS (UK) will always dfytort a material misstatement en il exist$. Mlsstataments can arlse from fraud or error and ar6 material rf. individualty or in th8 aggregate, they Lxxlld rea8abty be expe(aed to influence the economlc dgciskns of users taken on the basls of these finawal statements. Irregularltles. In¢kng fraud, Irthrtts of rcomplIanC¢ vAth law5 and regulations. We design procedures In Ilno vlth wr resportslblitks. oullw¢d above. to detect material misslat8ments in respect of irregularities, indudlng fraLxI. The extent lo th1¢h our kYOC8dures are capable of detecting irregulariknes. YKludng fraud is detailed below: Th8ex th Our approach to Identifying and asw6sir¥J the risks of material misstatement In respact of irregularities. Iruding fraud ar non4j)nwian with laws regulations. was as follows.. the engagement partner ensured that the engagement team coU8ctivety had the appropriata competence, capabilities and skils to idenify or recogFuse nonvcompliance with applicable laws and regulallMs' V•YJ idenlifi8d the las and r8Julalions applic4ble to the company tlwh discussions wth management. and from our commercial knowledge and expth ofthe sodal sedor, we foarnod on $peofic Laws and regulations vthich we c4)nsKlered may have a dre¢% malerlal effect on the fin8naal statements or the operalions of the tharitable o)mpany. induding the Companies Act 2006. Charttes Ad 2011. CQC registration and data proie¢tion. anll4)rSbery. employment. prote¢t)n of vUlrable residents health and safety legislation; we assessed the extent of c(mpliance the laws and regulatiJ)s idenlified above through making enquiiies of managementr. and kientified la and rlatIOnS were u)mmunlcated withln Ihe audm tewn rewlaty and the team remained 818rt to Inslance$ of nOrp(YMnpliCe througlKWt the audlL Wo assessed the susc8ptlbllty of th8 rarltabl8 c£YnpanWs finanoal stat8ments io mat8rial mlsstatwnenl, indudlng obtalntrw an underslandkng of hcml fraud might by: makiTYJ enqulries of management as to where they Cdered there was 5pbility lo fraud. thelr kno*We of actual. suspectsd and alleged fraud: and ¢onsldering the intemal ¢trOl8 kn tAace to mitwe risks of fraud and rKlance with laws and regulations. To addross the rlsk of frd tIv0 management bias and ovenith of controls. ¥ffj.' porfomwd analybcal pyocedures to kItity any USual or un8xwcl¢d relationshlps; tested j¢xmd entri8S to Identify uSual transacthns: assessed whether judgements and assumptkns made In detemmning the aCUntIng e$timatO8 were indicative of potentlal blas: and 16
Broadway Lodge Llmited Independent Auditors. R8POrt to the Members For the Year Ended 31 Marth 2025 Investigated ralbye behind lIttan¢ or uNwJal trs8on$. In re8pon8e to the rlsk of wregularfties and Inn( wtth Iwws and rewlalions. we designed procedures whlch inced. but wer8 not limited to: agreeing fjnancial statement (Isdosufes to underlyiry suworbrvj docunentation: enqulrffj of management as to actual aThl potenlial IltigatK and d9ims: and revieIng rrespOr#nc8 wilh th8 cac KI othw rethrt regulator5. There are inherent nlatS in our audit wotedures descrthd above. The more removed that laws and regulalh)ns are from ffin8ral transactions. less IH(ety It Is that we woukl become aware of non- com.anCe. Auditing Starklards pjso limtt the a111 IureS required to Jentify nctp4fjance 1th lav•8 and regulations to erK4ulry of the trustees aThJ othw managenth th8 inspadion of tOry and legal CnrreSporKlen, if any. Material misst8tements Ihat arisg du8 to fraud w be harder to deted than those that wise from error as they may Invc+rfe delberate CLKuakneTrt or cothjskn. A fwlher des cl our rewThibiltties for the audii of the fmancial statements Is lo&qted on the Flnandal Rep Coun$ wgbsile at W•W.froorg.uklaudltorSresponsbiI1as. This descxiption fcrn part of our auditorf5 roporL ofou This report is mwjo sokly to the charitsNe ccrynY$ members. as a b>Jy. in accordance with Cthapter 3 of Part 16 of the Compardes Act 2tth. Ojr audit Y•Drt< has been undertaken so th81 we might s&t8 to the charilable company's members and IneS those matters we are required to state to them in an audltorfs rept and for no other PLWP058. To the fvllest exienl pemiitted by kknT. we do Th)t accept or assume responsibdity to anyone cther than Ihe charTtable crynpany and the charitable companls members a5 a body and the dwrtlatle ccAnpany'$ trustees as a body. f(ff audit work. for this feprt or for the opinions we have form8d. Robert Oram BFP FCA Senlor Statutw Audit for and on behalf of Albert Goodman LLP Chartered ACc(mlants StstUt¢ Auditor Goodwood House Blackbrook PaTk Avenue Taunton Som8rs8t TA12PX Date:... 17
Broadway Lodge Llmlted Statement of Flnanoal Activities (induding an Income and Expenditure Ac(x)unt) For the Year Ended 31 March 2025 Unres- R•s- trIGl•d Tolal 2025 Unros trlct•d Total 2024 Incom•." Grants, dcmations and legacies Charftabla adlvblles Exchange gain 22.557 4 2.591.049 92.015 114,572 13,878 42,500 56.378 231.071 2.822.120 2.306.435 239.328 2,545.763 Total Incom• 2.614.046 323.086 2.937.132 2.320.313 281,828 2,602.141 Expèndlthrn: RaiSg funds Interest paKI Charitable actIe$ 24.115 33,622 6 2.421,142 24.115 1.015 1,015 33.622 38.774 38.774 2.330 2.717.472 2.143.755 273,596 2.417.351 Total exp•ndlturo 2,478.879 296.330 2,775.209 2.183.544 273,596 2.457,140 Net Inc4Mno1 {•xpendltur•lfor th• y•ar Transfers funds 135.167 26.756 (8.(183) 161.923 136.769 8,232 145.001 17 Nel mov•ftMnt In funds for th• y•ar 143250 18,673 161.9Z3 136,769 8.232 145,001 Rgcon¢lllallon of funds Tdal fund3 brought for4•fdrd 2.48S.416 15.902 2.S01,318 2,348.647 7.670 2.356.317 T¢Jlal fund• Carrlod foThv4 2.628,666 34.575 2.663.241 2.485.416 15.902 2,501.318 The resuKs for tho year dorive frcm c(mtnulng acti%its and there are no gains or losses other than those shown ab)v8. Th& statement of finala1 a(vities IrKxXFkn the inccne and expendilure acuJunL 18
Broadway Lodga Umlted- Company l¥glJtratlon Numb•r. 01201899 Balance Sheet As at 31 March 2025 2025 2024 Flx•d as$•ts Tangible fixed assets 2,676.867 2,669.175 2.676.887 2,669.175 Currnnt ass•ts Debtors Cash at bank and In hand 195,798 342.549 157.180 337,738 538,347 494.918 Liabllltl. credOrS falllw one year 11 (272.428) (332.635) Net rrent assets 265.919 162.283 Tolal a88•ts Its• emnt IlabHltles 2.942,786 2,831.458 CrndltOf8 Amounts fallww In m(xe one yew 13 (279,545) (330.140) Total net assets 2,663,241 2.501.318 Tho funds of th• ¢harfir. Restricted fund8 Unrestslctod funds Revaluation reserve 15 15 34,575 2.271.832 15.902 2,128,582 356,834 Total charlty fund• 2.663.241 2,501.316 proved by the Board for issue on Its ty. Chai and Trustee Trustee 19
Broadway Lodg• Llmltsd Statement of Cashfl¢)ws For the Year Ended 31 March 2025 Totsl 2025 Total 2024 Cash flows from oporallng actlvlllos Net movements In funds for the year Adjustments to cash fh)ws from rth<ash itan Depdati( arN)rtbatk Inleresl pald Interest received 161.923 145,001 32,299 33.622 {440) 24.176 38.774 227,404 207.951 Workyig capital adjustments (Incr8aseyde¢r88s8 in deblrms Incroasel(ds¢roaso) In ¢redii(Ks {38,6181 156,8101 (12.214) 10 Net cash flow from op8rations Cash Ilows frorn Investlng acdvlll•s Interest received Receipts from sae of tsngible assels Purchas8 of red assets 131,976 261,959 431 (40,423) (51.729) (39.552) (51,7291 Cash flows flnandng a1¥1110$ Interest paid Advances of new I¢9 tem loans Repayments of existing l•m loans (33,622) (38,774) 153,9911 (61,880) (87.613) (100,654) N8t incfeasel{decrease) n tssh and cash oquivalents 4.811 109.576 Cash cash equi4plents at the beginnxvJ of the reporttng pertod Cash and cash equlvalonts at end of the raportkng period 337.738 228,162 342,549 337.738 20
Broadway Lodge Umlted Notes to the Financial Statsrnents For the Y8ar Ended 31 Marth 2025 The prhKlpal accounting Olclos adooed kn the of the financial statements 8re: 1.1 Bosls of accounllng The Flnancial Statements have been prepared in ac¢(xdw)Ge with Acrthinting and Rewrting by Chathes.. Statement of Reccrfnmend8d Pra applicable to charities preparing thèir accounts in ac(xxdance with the Fnanc4 RorK)rting StaThJ8rd applKable in the UK aj Ropubllc of Ireland (FRS 102) (effecaive 1 January 2019). the FwwKaal Reporting Standard applKable in tho UK and Rapublk of Ireland {FRS 1021 and the Companies Act 26. BroaaY Lodg8 Llmiled meets Ihe defflnillon of a pubk benefft enW under FRS 102 Assets and Ilabuitles ar8 Inbtknqlty recognised at histori(¥l wst or transaction value unl8s$ othgrwtS9 5tatgd in the relevant accounfjry lsY note(sl. All wM)unts we tKesented in £ sterling. 1.2 Golng Gonc•rn The Charity has SUent feserves to cover tha reduced incom8 as service levels caused by the pandemic wllh in¢cffie moving back up lo P pandemic levels. The trustees therefore ¢on$ider tt)al it is approrxiate to prepare the ac<ounis M a going corKem basis. 1.3 Legal sta6 of tho charlty Tho ¢harfty bs a company limltsd by guarantee ar¥J has no share capllal. In the event of the charity boing wound up, the liabilty In rasped of the guarantse is knited to £1 p?r member of the charity. 1.4 Income Income from don$ is r8(x)gnised in the Y in whK thoy arn refvatsle when ther8 Is evldence of entitlem recept is pYc4)a arKI the anM)unt can be rellably measured. For lega¢les, entitl is taken as the earlier of ts date eAther. the chity is awa that te has been granted. the estsle has been finalsed and notification has been made by the executorlsl to the Trust that a dtstributi(M will be mad8. or when a distributicm is recefved from eststg. Rgcelpt oflegacy. in whc4e or kn part. is onty consKlered wobable the amount Can be measured rdlably aThJ the tharlty has been nolified d the executsfs intention to make a di5tributlon. Where lega¢w have been notified to the d)artty. or the charmy Is aware of the granliTrJ of probate, arKI the crileria for income re¢ognbtion have not been then the legacy Is treated as a contgent asset disdosed il malerial. Income from gts, vrte 'r•af or'revenue.. is recogni8ed vthen the tharity has enlillement to the furKis. any perf0mW C)ndition5 tached to the grants have been m¢( probable thal the income wlll be receibd and the amount can be measured reliabby ar)d is not derred. Where no condthons attadd to g1 income they are recogn withln donatlons and glfts and where condNlons relating to perfnar of services are attached. grant income Is recognised within tharllable activitss in the Ststement of FThvKial Actlvitth. Income frorn charrtabte &bvltss is induded in Ihe w) vA)th the dwity is 8ntliled to receipt. It is probable thal beneffts will 11ow to the entity arKI the amounl can be reliably measwed. Where in¢m is r1Ved in advance of provision of d6tox51*atk and residenlTral services, inciyne 15 delerr&J until the criteria for I)rne recognrbon Is meL Where income has not 21
Broadway Lodge Limitod Notes to the Finan(aal Statements For the Yèar Ended 31 March 2025 A¢countlng polici03 {eonVd) 1.5 Interest roc•lved Interest on frjnds hekj depo&t is Inthded 11&n re(xTrvaL4e aThJ Ihg arrUnt c be mgasured reliably by th6 tharity: thls is nNmaty uwi nottfKalirM of Interest paid or payable by the ban 1.6 Exwdllur• and support ¢0$1• Expenditur8 is recogni*J M an acuuals basis to malch the poriod In whl¢h the expendbture was incurred. The charitV$ SIgnt adivty is detoxificati) and reshY8ntid services and all supwrt costs are attrlbulable to this xtivty. 1.7 Pen$lon The charitable ¢owy operates a dne o)ntritKrtion pen5wJn sckn. Contrlbullons payable to the schem8 are ch8fpJ to the Statement of Finan¢ial Araivlties In the period to whlth they rd81e. 1.8 Opernllng leawJ Th8 chartty dassrlles lease CA FW8rty and offic? equipment as operatiw leases as tltte remalns wSth thÈ18ssor. Rentats are ({ged on the straKJht line basis over the tom of tho l•a$8 through the profrt aThJ loss aco)unt. 1.9 Fund accountlng Unreslrfcted funds are avallable to spend on activi that fwuw any of the purp08e8 of the charity. ReStrted funds are donakn'ons or grants whth the has specif are to be solety usad for particular areas of the charity. 1.10 Tanglble ass•ts Depreciation 15 cabjlated to 116 off the cost cy valuatbn of fued assets less resldual value over their estimated useful lives at the foln9 rates:. Freehold Freehold property FlUreS, ffttings and equi)mii Motor vehKles Nll - straight line less residual value - Th straight line - 20% straight line Fixad assets are valued at o)st less depr8Ci8tson. Freehold propety resldual value has been considered by the trustee diredors. to equate to freehohy propety o)st. No depreciallon Ss Charged on Ihe fr98hold proporty. The part of the annual dopreoatlcffl charge revalued assets relates to the revaluatyon surplus is transferred Irom revaluation reserve to the wofft and loss account. 1.11 Debtors Trade arml accrued income are recognised at the setuemenl amount due after any trade discount offered. Prepayments are valued 81 the amount prepaid net of any trade dunts due. 1.12 Cash at bank and In hand Cash at bank and in hand IndleS cash and slw)rt tem hlghly IKiukl InYe5tmenls wlth a short maturity of three ffwjnths or less from th8 dale of aquisltion or openkng of the deposii or simllar account.
Broadway Lodge Llmitod Notes to the Financial Statement5 For the Year Ended 31 March 2025 Ac¢ounllng pollcles {conVd) 1.13 Credltorn Creditors we recogn11 vfre Ihe chwity has a wnt obligation regjlliry from a past event that will probabty result in the transl8r of funds to a third paty the amount due to seltle tho obligation can be m&asured or estimated reliably. Credltors are nrnalY recognised at trir settlement amount after albvdng for any trade dIsnts due. 1.14 Dof•rr•d In¢¢mo Deferred in(¥Jne Inc10 receNed in ajyance SpecIfi¢Ity for Ihe provlsion of detoxification and residentlal serv. Deferrod incorm is recognlsed wSthSn Inme In the Statement of Financial ActNi1 when thè tond11K$ for income from charitable aclivit 1.15 Flnanclal Instnmonts The chaiity onty holds basic ffinancial instrumants as defined in FRS 102. The financial assets and financial Ilablllties of the charity aThl their mèasurement basis are as foll(Avs: Fla1 assets - tr•J8 and ¢)ther debtors are bast fmanclal nstruments and are debt hWrUffts measured at amorused ¢ost. Prepayffents are not finaniial instrum8nts. Cash at bank- Is dassifd as a basic Instrumont and 1$ moasured at face value. Financial liabKities - tr•Jo credrtcrfs. a¢¢ruals and other ¢rodilors are fnancial nstruments. arKI are measured at amorti5ed cost. Taxation arKI Social secwtty are not kncluded in the financial instruments disdosure definition. Defwred incom8 is not deemed lo be a financial liqbilty, as thg Cash setuemenl has already taken pkn and thwe is an obllgation to deliver servKes ralher than fAsh or another financial instrwne 1.16 Taxatlon The ¢ompany L8 a registered charity and is therefore t I'able to C£pation tax or cawtal gains tsx to the extent that Its ncome and galns are applicable to charltable purposes only. Value added tsxallon L8 not recoverabte by the c(panY. and 15 thereth Inckjded in the re18vant costs in the ststemt of Financial A(INib6s.
Broadway Lodge Llmlted Notes to the Financial Slatements For the Year Ended 31 Marth 2025 Grants, donatlons and legad•s Unre8- Ro8- Unrns- Res- trlct8d trlctsd funds fund¥ 2024 funds funds Total Total legaGles 22,307 250 22.307 92265 8,076 5.802 42.500 50,576 5,802 92,015 22.557 92.015 114.572 13.878 42.500 56.378 Unr•s* 2025 Unr•s- trfcted funds Res. trl¢tèd funds 2024 funds funds Total Total DetoxifKation and re51dential services Sundry incom8 2.542,152 231.071 48,897 2.773,223 2,303.310 239.328 48.897 3.125 2,542,638 3,125 2.637.569 231.071 2.868.840 2.306,435 239,328 2,545.763 24
Broadway Lodge Limlted Notes to the Financial Ststements For the Year Ended 31 March 2025 Exp•ndliur• from dwttabh acttvltlos Unr•s- Irf¢t trfct•d 2025 Total Unr 2024 Total rlct•d staff wsts Housets)Id and maintanance Medical consumablas Patlent and Kyogrammo Administration o)sts maeting Costs Legal and professional Bad debts Dopr8aalion and 1.808.786 272.830 2.081.YJ6 1.602.326 273.596 1.875,922 307, 23.5 18.777 331.008 283.(MJ4 18.777 16.894 283,004 16,894 27,071 20.732 27.071 21.084 20.732 20.073 35.546 22.484 21.084 20,073 22,484 159,125 (15) 159,125 (15) 142,738 142,738 32.299 32,299 3,882 7.020 24,176 24.176 Finance thwges Audrt fee ACcnI8ncY 7,020 7,020 2.421.142 296.330 2.717.472 2.143,755 273.596 2.417,351 25
Broadway Lodge Llmfted Notes to the Flnancial Staternents For the Year Ended 31 March 2025 Wages and salartOS 2025 2024 Wages end salarfes So¢lal secjjrity costs Other pension (y)sts Other staff costs 1.711.245 1S1.123 104.410 114.818 1.561.813 132.765 94.449 86,895 2.081,596 1.875,922 The number of emoYeeS wh(w annual emcluments £60.0(K) or morn were: 2025 number 2024 number £80,000 - £89.999 Numbèr of employeos The average monthty number of emplojwes durlng the was a5 fc410*s: 2025 2024 Nurses and Healthcwe 8SSiStarts Counsellors Admlnistrallon Oornesdc aThl caterlNJ 12 13 10 10 13 10 71 70 Th8 k8y management per5Mnel of the tharity cunprise the trustees, the chi Executive Officer and the Senior Management Team (SMT). The total empioyae bonefib of the key managoment porsonnel of the chlty were £339,208 (2024: £329.005). 26
Broadway Lodge Umlted Notes to the Finan¢¢al Statements For the Year Ended 31 Marth 2025 Trustee dlrectors The charfty trustees We tt pahj did not receive any othw beneffts as trustees of the charity the year {2024: £nl). No expense$ ware reimLwrsed to trust80s (2024: £Nil) during the year. No ehartty trustee rec8lv&l paym for or othgr seNlces suppligd to the (tslty (2024: £nil). There were other re£d party transacllons In the yew (2024: nrTh). 2025 2024 This is ststed after thargww". Depreciation and amortsatic Operatlng leases Audllors remunerat Audll serlces 32.299 24,176 8,633 6.270 750 6,270 750 27
Broadway Lodg• Limited Notes to the Financial Statements For the Year Ended 31 March 2025 Tanglble ass•ts Fixturn$, Fr•ehold Flttlngs and Propthy Equlpment V•hl¢l•s Co$1 At 1 Aprfl 2024 Additions Dlsposals 2.580.357 18,500 426.482 21.923 (8,629) 21.978 3.028,818 40,423 (8.6291 At 31 Mari* 2025 2.598,857 439.776 21.978 3.060.611 Deprnclatlon At 1 April 2024 Charge for tho year Depredallon ¢)n disposals 337.665 32.299 (8.198) 21.978 359.643 32,299 (8,198) At 31 March 2025 361.766 21.978 383,744 Nat book valuo At 31 March 2025 2.598.857 78,010 2,676.867 At 1 April 2024 2.580,357 88.817 2.669.175 Tho company has created a fixed legal charge over scTh of the prop8rties of Broadway Lodge Umited and such assets we Induded within freehold property above. 28
Broadway Lodge Llrnlted Notes lo the Financial Statements For the Year End8d 31 March 2025 Tangiblo asmts (corfdl Hl•tOflcal cost of pr•¥Sty vovalthd freehold proporty At 1 April 2024 Addiuons 2.223.523 18.500 At 31 March 2025 2,242,023 Depre(xation As at 1 AWM 2024 ai 31 Marth 2025 Nel boc& value Al 31 March 2025 2.242.023 At 31 Marth 2024 2.223.523 The freehold property was valued by professional exlemal valuers In Mw¢h 1998. The valualions were on the basis of exisfmig or dnge of use exdu¢thng intema fittings, loose lurnishings and ose fLsmiture. Debtors 2025 2024 Trade debtors Pr8payments and accrued income 173.615 22.183 132.972 24.208 195.798 157.180 10 Cr•dttors: anounts falllng du• wlthln one y••r 2025 2024 Trade credll Accruals arKI deferred inc(me 0th8r Credtt3 Bank loans 57.951 137.280 26.284 S],913 88.747 163,574 26,005 54.309 272.428 332.635
Broadway Lodgo Llmlted Notes to the Financi81 Statements For the Year Ended 31 March 2025 11 Dofgrred Incom• 2025 2024 Balance 88 at 1 2024 Amount roleaS to incLNne for charitable adiifjtss Amount deferred in year 90.512 (511,522) 480,094 69.113 (315.046) 336,445 Balance at 31 ma 2025 59.084 90.512 12 cdI10$. •nount• falHng duo In mor• than one yo 2025 2024 Bank loans due < 5 years Bank loans due > 5 years 330.458 384.449 330.458 150.913) 384,449 {54.309) Less indudad in ujrrent labilits 279,545 330,140 One bank k)an is repayab18 over 0 15 year tenn, 8ndiw in 2025. Intwest on this hft is variable at base rale + 2.00%, wllh a mlnimum rate of 3.kn. One bank loan is repayab18 (yrfer a 6 yéar temi. ending Jarw 2027. Interest on this loan Is variable at base rate + 4.5%, with a minimum rate of4.5%. JI bornv•ing$ of £330.458 at the year eThJ12024: £384.449) are seed by way of fixed legal arges over some of the properts of Broa(tway L1ge in favour of (Th bann9 lTrstitutlon. 30
Broadway Lodgo Limited Notes to the Flnan¢ial Stst8ments For ihe Year Ended 31 March 2025 13 8tat•m•nt of fvnds- 2025 Oponlng Incomlng R•soufC•$ balanc• r•wurc•• oxwndod Tran•f¢rs Closlng balan¢e Roslrlcted funds IKdlock Charitable Tn Th6 LenrX Hannay CharitaLle Trust 10.4XX) (10,iXJO) (2.0(M)), Foundatlon The Leonard Laity &oate Charitable Trust Renishaw Charilios Committee Partners& The Martln Gths Chadtable Trust UK Shared Prosperfty Fund Consortium GardeD Bench Donat 10,IWYJ {10.(M)O) (1,500) (5()J) 16.015 16,015 24.250 (8.083) 16.167 2.331 1.071 (42,331) (229.999) 231.071 250 2.143 250 Total Re8trlct•d Funds 15.902 323.086 (296.330) (8,083) 34,575 Unrestrlcted funds General Revaluation re¥orvg 2.128.582 2.614.046 (2.478.879} 356.834 8.083 2.271,832 356,834 2.S)1.318 2,937.132 {2.775.209) 2.663.241 31
Broadway Lodge Llmfted Notes to the Financial Statements For the Year Ended 31 Marth 2025 13 Slatern of funds (convd stat•m•nt ol funds- 2024 Opening Incomlng Resources balanc• r•sources expended Transfers Closlng balance R•strlet8d funds Medk)ck CharitslAe Tt Th8 Lennox Hannay Charltable Trust 10.000 10.IJ)O Renishaw Charltias Committee UK shad Prosperity Fund CiThoitium (27,669) {245,927) 2,331 1.071 239,328 Tolal Re•trld•d Funth 7,670 281.828 (273.596} 15,902 Unrnstrl¢t•d funds General RevaluatK)n reserve 1.991.813 2.320.313 (2.183.544) 356.834 2,128.582 356.834 2.356.317 2.602.141 (2.457.140) 2.501.318 Gener81 unrestricted funds are free reserves of the charlty to b8 4Wied at the discTell of the trustees for any of the charitable purpose5. Revaluallon reserve rdates to revaktIon of the freehold property in March 1998 by an oxtomal valu6r under the previously applied UK GA4P aCUnting standards. Restricted donatk)ns are primarity for use on Project whlch wlll IrKYease Ihe ¢apa¢ty at Broadway L8. Where transfers have ten made from restricled funds. Ihgso have been mad& as fut)ds hav8 tjeen used for the purpose intended and the romaining funds are to be used on actmties to further any of the purpos•s of the ¢harrty. 32
Broadway Lodgo Limitsd Notes to th8 Flnancial Stat8rnents For the Year Ended 31 March 2025 14 Analysls ol n•t ass•ts b•tw••n fund• Unros- trlcted trfcted funds fvnd8 Unres- 202S 2024 Total lunds funds Total 2.676.867 503.772 (272.428) 2.676.867 2.669,175 538,347 479.016 {272.428) (332.635) 2,669,175 494,918 (332,635) Cmnt assets Cwrent Ilat)ilitles Creditors due after more than one year (279,545} 34.575 15,9)2 (279,545) (330,140) (330,140) 2.628,666 34.575 2.663.241 2.485.416 15.902 2.501.318 IS Obllg•tlong und•r leaM• OFérnling leawts The total futu mwiimum rentals pay8b under operatwvj leasas funded by unrestdded funds are as fdlovS'. 2025 2024 Op8ratirKJ l&ase which wmre: Wthln one ye Wlthln and fve year5 3.550 10,649 6,286 27,050 14,199 33,336 33