Company r6glslralion number.. 01309538 Charity registration number.. 273631 Newland Hursl Limi18d IA company limited by guarant8el Annual Report and Financial Statements for the Year Ended 31 March 2024 Newland Hursl Llmlted Contents Trustees, Report 1105 Statement of Trusl66s' Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Slalemenl of Gash FIL>ws 10 Notes to the Flnancial Statements 11 to21 Newland Hurst Limlted Trustee$. Report The trustees, who are direGtors for the purposes of company law, present the annual report logelher with the litiancial slalements of the charilabla company for the year ended 31 March 2024. ObJecllves and actlvities Objects and alm5 The purpose of Newland Hurst is primarlly lo provide people with a learning disabllity support, lo live their lives in a way of Iholr choosing, while providing good quallly care and support accompanied by warmth and fellowship, giving individuals opportunilles to grow and learn through 1Sfe experience, meeling all their social, m6dical, and spirllual needs. The aim of Ihe charity is lo also et)8ure that residents are valued, visible, conlribulory membfjrb of the local communlly, in turn, providing them wllh a sense of purpose and achievement in which6ver sectors they f@el Ihal they Can make a difference. Whether this bo maklng and selling a product, belng the member of a club, or simply enriching the diversity of the local area. We aim to meet the above criteria and to me&1 or ex￿ed the standards sel out by Ihe Care Quality Commission, Ihe local aulhorily, and olher bodies with responsibllily lo regulate and monitor the quality of our operallons, as well as the transparent involvemenl of family members and other stakeholders. To achieve this aim. we continuously re-asses8 the standards ol care and support that we provide lo our residents. This Sncludes the upgrading of th8 premises and the constant improvefflenl in the quality of the ernvlronmenl, accommodation, food, hygiene, and health and safely, in both the buildings and the grounds. The quality of life of the residents is assured by the prov18ion of adequate properly Irairhed staff, whose competance and ability are continuously monitored. Objectivés, slrategles and actlvlties As the resldenls aga, Ihelr needs wlll Inavltably change, requlrlng an appropriate response from Nawland Hurst as their care provider. The charily works in landem wllh the commissioning local avlhorilies lo ensuro that every resident receives the standard and type of care their condltlon r8quire8. Both the tharily and the local authorities concerned operate a person-cenlred policy whloh engiires Ihal the level of carc provided for the indiv1d￿8{ is fully commensurate with their needs, and, lo this end, each resident is given a regular review in order lo r6-assess and change, if neoassary, the nature of their care. Thoso reviews are allended by the resident, hl2lher key worker, family members, and a representative from Ihe commissioning l(Kal aulhorily. Publlc b8neflt The charills tnjslees have complied wllh thelr duly lo have due regard lo Ihe guidance on publlc b8nefil published by the Charity Commisslon for England and Wale8. The trustees consider that the charity meets the publlc benefil requirement8 of secllon 4 of the Charities Acl 2011 by carrying out ils normal activities managlng and mainlainirtg the residential care home for the benefit of the resld&nts and the wld8r community. Paga 1 Newland Hurst Llmlled Trustees. Report Achievements and performance The Charity and ils care services are inspected annually by the Care Qualily Commission (CQCI, and has Consistently rèceived a Good" rating. Our alm is lo achieve an "Oulslanding rating consisleiilly in the future, and. to this end, al the suggestion ol the CQC, we wll b8 seeking lo involve the Residents more fully in decisions relating lo the provislon of their care. The Charity is open lo Input from the community, and has a proactive policy of encouraglng relallonshlps with local schools and activity groups. Regular events such as visits by local schoolGhlldren, together wSth music and yoga sessions. are beneficial lo bolh community and residenls alike, and the charity is always open lo such events. These activities corblribule greatly lo the Charity's objective of making a 'normal" lrfe available to the residents. and informing and educating the public about the realities of living with a 18arnlng disability. In addition, the residents allend loual clubs and interest on a regular basis, and lake part In leisure trips and annual holidays. Activities suGlI as Ihese have both leisure and educational benefits, and also health and Iherapeullc benefits. Families of residents, and professlonal visitors who oome lo the charl1￿8 premises are encouraged lo give their itllPl'8sslons of their visit and make any suggestions that mlghl occur lo them al the lime of Ihelr vlsll. These conlribulions play an Important role in delerminino what improvements might be needed In Ihe near or more distant future. Anolhor major contribution Is made by volunleers who assist in dellvering cAro, with residents, holidays, and providing transport. Flnancial rèvlew The main long-lerm aim of the Cliarily is lo ensure Ihal il will remain financially sound and sustainable for the foreseeable future, and lo this end during the reporting p&riod, the Charity has 6ngaged with all of the commissloning local aulhoAlies lo secure Improvements In fundlng the Resldenls for whom they are responslble. Following the sale of land In 2013, the Charity has been able lo 5nvesl over £2mllllon In caplial, and this has continued lo yield a uselul income. The Charity's policy is lo avoid using capital for major Improvements, bul lo keep within Ihe confines of what is made possible by income. This is lo help protect the Charitys long term financlal viability. Fundraising consists mainly of hiring out parts of the premises lo local 8Ctivity groups. The income from these is compar81ively srnall, bul helps lo flnance Resident activities such as lelsura evenls and holidays. Page 2 Newland Hurst Llmlted Trustees. Report P8nslons and adjustment ralatlng to priorperlod The Charity has hi8torically conlribuled lo the Mercury Provident Pension Scheme, a defined b8nefil, mulli-company scheme whlch has previously been in deflclt. In order lo elirllinate this deflcil all of the companies in the scheme, including Newland Hurst, agreed to pay contributions into 2 long-term recovery plan al a rale Increaslng annually by 50/0, plus an annual levy lo the Pension Protection Fund. The sch6m6 has been under the scrullny of the Pensions Regulator since 2008, when11 was closed lo fulure accruals. Aflor dlscusslons with the Truste& of th8 penslon scheme, the Newland Hurst section of the group scheme has been fully seoregaled. The company is now only liable for the pensions of the members of the scheme who were or are employees of N8wland Hurst. The InJtstee8 have requested Ihal th& Trus188 of the pension scheme arranges for a pension provider lo lake over the operation of the scheme. This will mean Ihal Ihe scheme Is bought out by the pension provider and Newland Hursl will have no further involvement in Ihe funding or running of th& scheme. Actuaries acting for the ponsion scherne have prevlously esllmaled that the additional Ilabllily to buy out the schemg was £280,000. The Iruslees have 8egregaled from General ReseNes this liability lo clearly show the funds available to operate the charity. The Iruslees are pleased that the prooess to conclude the buy out is progressing although it is slow progress. An indicatlvts quolalion lo buy out has been received based on membershlp data al 28th February 2023. The quolalion is on an exdusive basis and is £327,000. Acluarlps advising Ihe Pen8ion Schem8 Trustee have esllmaled the liabilily at Ihe same dale al £181,000. Several olhpr employers In the Mercury scheme have now Indicated that they loo wish lo proceed to buy out their respective secllons of the schome. The potential pen81on providtsr has indicated Ihal a more favourable prfce may be offered on the basls of sever818mployers acting together. The Iruslees consider that the final liability on the advice given appears to lie between £181,000 and £327,000. Thfi directors have prevlously provided £280,000 in the accounts and consider that this is a reasonable aslimale bearing In mlnd Ihc information available lo them. Pagè 3 Nèwland Hurst Llmlted Truste8s' Report Structurei governance and management Naluro of governlng document The governing doGument of the Charity sets out ils purpose and defines the rolès and responsibilities of the Trustees. 11 also oullin8s the procedures by which th6 Trustees are appolnled, make key decisions, and generally ￿rry out buslness.The Charity is reglslered al the Charity Commission for England and Wales, and is also a limited company, registered al Companies, House. Recrultmenl and appointment of trustees All TrLtslees are appolnled internally, and h8v8 Iradilionally been selected from Residents, families or olhers with a connection lo the Charity. Thi8 is not entirely the case now, however. and 11 is anlicipaled that, in the future, Trustees will be appoiriled entirely according lo their experience and abilily. The procedure for appointing a new Trustee ib Ihal lirsl helshe should become a member of the Company, attend Trustee meetings and b8 encouraged lo conlrlbute. In this way il is possible lo asse8s the individuafs level of expertise and commiltnenl, (he laller belng particularly important in view of the fact Ihal th& position would b& unpaid and volunlclry. Future appolntmenls lo the Trijstee body will be made in accordance with the Charity Commisslun's Trustee and Govemance document Finding New Truqlees - What Charllie8 Need To Kno Pag8 4 Newland Hurst Llmlted Trustees. Report Reference and Admlnlstrative Detalls Trustees Mr J A Syree Mrs D Kirkham Mrs C Webb MrGCWebb Mr J Rowland Senior Management Team Registered Office Mr R Timmins, General Manager Newland Lane Droltwich Worcs WR9 7JH The charity is incorpor21ad in England and Wales. Company Reglstratlon Number 01309538 Gharity Reglstration Number 273631 Independent Examiner Ballards LLP Oakmoore Court 11 C Kingswood Road Hampton Lovett Droitwlch Worceslorshire WR9 OQH Investment Advlsors Brewin Dolphln Llmlled 9 Colmore Row Birmingham B3 28J Thea beh Ifb I report was approved by the trustees of the charlty On slgn8d on it8 MrG Trustee Webb Page 5 N&wland Hurst Limited statament of Trustees. Re8ponslbllllies The trustees Iwho are also the dlreclors of Newland Hurst Llmlled for the purposes of company law are responsible lor preparing the trustees, report and the financlal statements in accordance thdlh the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pr2clic61 and applicable law and regulallons. Company law require8 Ihe Iruslees lo prepare financlal slalements for each financial y6ar. Under company law the Injstees musl not approve the financial slalemenls unless they are sallsfied Ihat they give a true and f21r view of tha slate of affalrs of the charitable company and of ils incoming resources and applicallon of rasources, including ils incoma and expondilure, for that period. In preparing these financi41 glalements, tho Iruslees are requlred lo.. selecl suitable accounllng policies and apply Ihem consislenlly. obserye the methods and principles in the Charilies SORP., make ludgemenls and estimates that are reasonable and prudent. stale whether applicable UK Accounllng Standards hav8 been followed, subject to any malerlal departures disclosed and explalned in the financial slalemenls., and prepare the lirianclal slalemenls on the going concern bas1s unless it is inappTopfi21e lo presume that tho L'harilable company will conlinue in business. The Iruslees are responsible for keeping adequate accounllng records that are sufficlenl lo show and explain the charitable company's transactions and dlsclose with reasonable accuracy al any time the rinancial position of the charitable company and enabl8 thom lo ensure that the financlal slalemenls comply with the Companlets Act 2(K16. They are also responsible for safeguardlng the assets of the charilablg company and hence for taking reasonable slep8 for the prevention and delecllon of fraud and olhor irregularities. App ov the Iruslees of Ihe Gharlty on and slgned on ils behalf by.. MrGCWebb Trustee Page 6 Newland Hurst Llmlted Indgpendent Examlner's Report to the trustees of Newland Hurst Llmiled I report on the accounls of the Gharlly for the year ended 31 March 2024 which are sel out on pages 8 1023 Respectlve r&sponsibilities of trustees and examiner The Iruslees (who are also the directors of Ihe oompany for the purposes of company lawl are responsible for the preparation of Ihe accounts. The Iruslees consider that an audit is not required for this year under sgclion 144121 of the ChariiSes Act 2011 Ilhe 2011 Acll and that an independent examination is needed. The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of ICAEW. HaMng satisfied myself that the charity is not subjeGI lo audit under company law and is eligible for lrnd8pendenl examination, il is my responsibility lo: examine the accounts under seclion 145 of the 2011 AGI-, lo follow the procedur68 laid down in Ihg gelleral Dlrections glven by the Charily Commission under section 14515llb) of tho 2011 Act., and lo slate whether particular mallers have coma lo my allenlion. Basis of Independent examiner's report My examinalSon was carried out in accordance wilh Ihe general Directions given by Ihe Charity Commlsslon. An examination includes a review of the accounting records kept by the charity and a comparison of Ihe accounts presented wlh those records. 11 also includes consideration of any unusual iletns or dlsclosur8s in fhe accounts, and seeking explanations from you as Iruslees concemirig any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit and consequgnlly no opinion Is glven as lo whether the accounts present a 'Irue and fair wew, and the report is limited lo those mallers set out in the slalement below. Independent examiner's statement In connection willi my examination, no matter has come lo my allenlion.. 111 which gives me reasonable caus6 to believe that in any material respect the reouiremenls.. lo keep eccounling records in accordance ￿th secllon 386 of the Companles Act 2006,. and to preparo accounts which accord with the accounling records, comply ￿th the accounting roquiromenls ol section 396 of the Companies Act 2006 and wllh the methods and principl&s of the Statement of Recommended Praclic8'. Accounting and Reporting by Charities have not been mel., or 12) lo which, in my opinion, altenlion should be drawn order to enable a proper understanding of th8 accounts lo be reached. M A SkelSum FCA ICAEW Ballards LLP Oakmoore Couri 11 C Kingswood fs are initially recognised at historical cost or Iiansaolion value unless otherwise slated in the relevant accounting pollcy notes. Income and endowments All Income is recognised once the charity has enlltlemenl lo the income, It Is probable that the income will be receiv&d and the amounl of the income receivable can be measured reliably. Grants receivablè Grafkts are recognlsed when the charlly has an entlllemenl lo the funds 2nd any conditions Ilnked lo the granls have been rNg1. Where performance condllions are allached lo the grant and are yel lo be mel, the Income is recognSsed as a liability and Included on the balance sheet as delerred income lo be released. Expendlture All expenditttre Is recognised once there is a leg81 or conslrucliva obligalion to that expendllijre, it is probable selllemenl is required and the amount cgn be measurad reliably. All costs are allorRled lo the applicable expenditure heading that aggregat& similar costs to Ihal category. Where costs cannot be directly attributed to particular hèadings they have been allocated on a basis eonsigtenl wllh the use of resources, with cenlral staff costs allocatéd on the basis of lime spenl, 8nd deprecialinn charges allocated on Ihe portlDn ol the asset's use. Other 8UPPOrt costs are allocated b888d on the spread of staff cost8. Governance costs These irbolude Ihe costs 8tIAbut8ble lo the charitys compliance wlh conslilulional and slatulory requlremenls. including audit. strategic management and Iruslees's meelings and reimbursed expenses. P8ge11 Newland Hurst Limited Note5 to the Flnanclal Statements for the Year Ended 31 March 2024 Government grants Government grants are recognised based on the accrual model and are measured al tho fair value of the assel received or receivable. Grants are classlfled as relating either lo revenue or lo assets. Grants relating lo rèvenue are recognised in income over the period in which the related costs are recognised. Grants relating lo assets are recognised over the expected useful Itfe of the ass81. Where part of 8 grant relaling lo an asset is deferred, il is recognlsed as deferred income. Taxatlon The charity is con8ldered lo pass Ihg tests sel out in Paragraph I Schedule 6 of the Finance Acl 2010 and therefore 11 meE)Is the definilk)n of a charitable comparky for UK corporalion lax purposes. Accordingly, the charity is potentially exempl from laxalion in respect of income or capital gains rece￿ed within c818gories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the TExalion ol Chargeable Galns Act 1992, to the exlenl that such income or galns are applied exclusively lo charilable purposes. Tangible fixed assets l￿dIvIdual fixed assets are initially recorded al cost. less any subsequent accurnulsled depreciation and subsequent accumulated impalrmenl losses. Depreclatlon and amortlsatlon Depreciation Is provided on lallgible fixed assets so as lo write off the cost or valuation, less any eslSmated residual value, over their expected useful economic life as follows.. Asset class Land and buildings Furniture and oquipment Motor vehicles Depreciatlon method and rate 20/r* on cost 15010 on cost 25Q/o on cost Flxed asset Investments Fixed assgt inveslmenl8, other than programme related inveslmanls, are included al market value al the balance sheet dale. Realised galns and losses on investments are caleulaled 2s the difference between sales proce8ds and their market value at Ihe start of the year, or Ih&ir subsequent cost, and are Charged or cr@dited lo Ihe Slalement of Financial Activillas In the pertod of disposal. Unrealised gains and losses represent the movement in market values during the year and are credlled or charged lo tha Statement of Financial Aclivilieg based on the market value al the year ond. Fund structure Unreslricled irwme funds are gener81 funds that are available for use at the trustees'8 discretion in further8nce of the oblecllvos of the charity. D8signaled fund represents monles sel aslde for the eslimaled additional liability lo buy out the pansion scheme. Page 12 Newland Hurst Llmlted Notes to the Flnanclal Statements for the Year Ended 31 March 2024 Pensions and other post retlrement obligatlons and adjustinent relatlng to prior perlod The Charity has historically conlribuled lo the Mercury Provident Pension Scheme, a defined benefit, mulli-company scheme which has previously been in deflcil. In order lo elimlnate this deficit all of the companies In the scheme, including Newland Hurst, agreed lo pay conlribullons into 8 long-lerm recovery plan at 8 rale increasing annually by 5Qh, plus an annual levy lo the Pension Protection Fund. The scheme has been under the scrutiny of the Pensions RegLJlalor since 2008, when11 was closed lo future accruals. After discussions wilh the Trustee of the pension scherne, Iha Newland Hurst sectlon of the group sch@me has been fully segregated. The comp8ny is now only Ilable for the pensions of the members of the scheme who were or arè employees of Newland Hurst. The trustees have requested that the Trustee of the pension scheme arranges for a penslon provider lo take over the operation of Ihe scheme. This will mean that the scheme is bought out by the pension provider and Newland Hurst will have no further involvement in the funding or running of the SGheme. Actuaries acllng lor the pension scheme have previously estimated that Ihe addliional liability lo buy out the scheme was £280,000. The trustees have segregated from General Reserves this liability lo clearly show the funds available lo operalts the charity. The Iruslees are pleased Ihal the process lo conclude the buy out is progressing although it is slow progress. An indlcalive quotation lo buy out ha8 been received based on membership data al 28th February 2023. The quolalion is on an exclusive basis and is £327,000. Actuaries advlslng the Pension Scheme Trus16e have eslimaled the liabilily at lh6 same dale al £181,000. Sev8ral other employers Sn the Mercury scheme have now Indicated that they too wlsh to proceed to buy oul Ihelr respecllve sections of the scheme. The polenllal pension provlder has indicalecl that a mor8 favourable price may be offered on the b2s1s of several èmployers acting together. The Irusl8es consider Ihal the final liabllity on the advice given appears to Ile between £181.000 and £327,000. The directors have previously provided £280.000 in th8 accounts and consider Ihal this is a reasonab18 8sllmale bearing in mind the information available lo tham. Since the above schemè was closed lo new enlranls some time ago and th8 charills staging dale for automatic enrolmgril was 1 November 2016, Ihe charity has now sel L¢P 8 new defined conlribulions scheme with Péoples Penslon and contributions lo this scheme are accounted for when p8id. Page 13 Ntswland Hurst Llmited Notes to the Flnanclal Statements for the Year Ended 31 March 2024 2 Income from donatlons and legacles Unrestrlcted funds Total 2024 Total 2023 General Donallons and legacies., Donallons Grants, Including capital grants. Government grants 670 670 121,633 11,174 120,459 670 670 3 Investment Incomè Unrestricled funds Total 2024 Total 2023 General Income from dividends., Dividends Interest receivable and simllar income., Bank interest 55,228 55,226 52,444 1,039 56,265 1,039 56,265 52,444 4 Income from charltable actlvltles Unrestrlctèd funds Total 2024 Total 2023 General Accomodalion arhd car8 792,399 792,399 724,856 5 Other income Unrestrlcted funds Total 2024 Total 2023 General Rental income 900 900 5,400 Pago 14 Nowland Hurst Llmlled Notes lo the Financial Statements for the Year Ended 31 March 2024 6 Expendlture on ralsing funds al Investment management costs Unrestricted funds Total 2024 Total 2023 General Other Investment management costs- Portfolio management 13,213 13,213 13,213 13,299 13,213 13,299 7 Expenditure on charltabl8 actlvltles Unrestrlded funds Total 2024 Total 2023 General Note Accomodalion and care Support costs - Awomodallon and Gare Governan￿ costs 711,629 38,891 54,971 711.629 38,891 54,971 805,491 660,956 6,777 50,964 805,491 718,697 8 Analysls ol governance and support costs Governanc& costs Unrestrlcted funds Total 2024 Total 2023 General Staff costs Wages and salaries Soc181 securily costs Penslon costs 50,749 3.312 910 50,749 3,312 910 46,724 3,286 954 54,971 54,971 50,964 Page 15 Newland Hurst Limlted Notes to the Financlal Statements for the Year Ended 31 March 2024 9 Net Incomingloutgolng resources Net incomingloutgolng resources for the year ig slated after ohBrglngllcTedillngl'. 2024 2023 Depreciallon of fixed assets 19,644 18,375 There w8s a net operating surplus for the year of £31,35012023 surplus.. £171,163) before accounting gains or profits and losses on investments. 10 Trustees remuneration and expenses No Irustee, or any persons connected wllh Ihem, have received any ramuneralion from th8 charity during Ihe year. No trustees have received any relmbursed oxpgnses from th8 charity during the year. 11 Staff costs The aggregate payroll costs were as follows.. 2024 2023 Staff costs durlng the yèar were., Wages and salaries Social securlly costs Pension costs 507,488 33,121 9,102 467,244 32,863 9,541 549,711 509,648 The monthly average number of persons linclLJding senior management team) employed by the charity during the year expressed as full lime equivalents W8s as follows.. 2024 No 2023 27 25 No employee re¢eived emolumènts of more th8n £60,000 during the year. Page 16 Newland Hurst Llmlted Notes to the Financlal Statements for the Year Ended 31 March 2024 12 Tanglble fixed assets Furniture and equipment Land and buildlngs Motor vehicles Total Cost At 1 Aprll 2023 Additions 365,451 276,322 13,000 34,640 676,413 13,000 Al 31 March 2024 365,451 289,322 34,640 689,413 Depreclation Al 1 April 2023 Charqe for the year 165,740 256,024 9,536 30.108 2,799 451,872 19.644 Al 31 March 2024 173,049 265,560 32,907 471,516 Net book value Al 31 March 2024 192,402 23,762 1,733 217.897 At 31 March 2023 199.711 20,298 4,532 224,541 13 Fixed asset investments 2024 2023 Other Investments 2,155,383 1,979,631 Page 17 Newland Hurst Llmlted Notes to the Flnancial Statements for the Year Ended 31 March 2024 Other investments Listèd investments Total Cost or Valuatlon Al 1 April 2023 Revaluation Additions Disposals Al 31 March 2024 1,979,631 1,979,631 170,161 170,161 433,826 433,826 428,2351 428,235 2,155,383 2.155.383 Net book value At 31 March 2024 2,155,383 2,155,383 At 31 March 2023 1,979,631 1,979,631 14 Debtors 2024 2023 Trade debtors PKepayments 100 6,319 6,419 100 5,159 5,259 15 Credltors,. amounts falllng due wllhln one year 2024 2023 Trade creditors Other taxation and social security Other creditors Accruals 12,090 9,646 1.560 23,730 4,202 8,256 3,277 3,730 47,026 19.465 16 Pension and other schemas Deflnèd contrlbutlon pension scheme Th8 charily operates 8 defined Cont￿bUt10n pension sch@mé. Th8 pension cost charg8 for the year r&pr&senls contributions payable by the cha¥lly lo Ihe s¢heme and 8mounted lo £9,102 (2023 - £9,541). Page 18 Newland Hurst Limited Notes to the Flnanclal Statements for the Year Ended 31 March 2024 Deflned l)enefit penslon schemes The Charity has historically conlribuled lo the Mercury Provident Pension Scheme, a defined benefil, mulli-company scheme which has previously been in deficli. In order lo eliminate this defioil all of the companias in Ihe Scheme, induding Newland Hurst, agreed lo pay conlribulions into a long-lerm recovery plan al a rate inGr6asing annually by 5°k, plus an annual levy lo thè Perbsion Prol8clion Fund. The Scheme has been under the scrutiny of the Pensions Regulator slnce 2008, when il was closed lo future accruals. More infomatlon on this is provided in the Trustees Report. Pag8 19 Newland Hurst Llmlted Notes to the Flnancial Statements for the Year Ended 31 March 2024 17 Funds other Resources recognlsed expended gainslllossesl Balance at 31 March 2024 Balance at 1 April 2023 Incoming resour¢es Unrestrlcted funds General Unreslricled fund 2,314,542 850,234 (818,7041 173,455 2,519,527 Deslgnated Designated unreslrlcled 280,000 fund Total funds 280,000 2.594,542 850,234 818,704 173,465 2.799,527 Other Resources rocognised expended galnsl(lossesl Balance at 31 March 2023 Balance at l Aprll 2022 Incomlng rosources Unrestricted funds Gen8ral Unreslricled fund 2,276,644 903,159 1731,9961 {133,2651 2,314,542 Deslgnated Deslgnaled unreslricled fund Total funds 280,000 280,000 2,556,644 903,159 2,594,542 731,996 133,265 18 Analysls of net assets betweèn funds Unrestrl¢ted funds General Total funds Tangible fixed assets Fixed asset inveslmenls Currenl assets Current liabili1Ses 217,897 2,155.383 473,273 47,026 217,897 2,155,383 473,273 47,026 Total net assels 2,799,527 2,799,527 Page 20 Newland Hurst Llmlted Notes to the Flnanclal Statements for the Year Ended 31 March 2024 19 Analysis of net funds At 31 March 2024 At 1 April 2023 Cash flow Cash al bank and in hand 404,576 62,278 466,854 Nel debt 404,576 62,278 466,854 20 Related party transactlons During the year Ihe chartly made the followlng related party transactions- Durino the year, Mrs D Kirkham, a Iruslee of the charity, worked as a carer for Newland Hurst Llmlted and received wages of £6,549 {2023- £6,186). Paga 21 Newland Hurst Limited Unrestrlcted funds Total 2024 Total 2023 General Designated Income and Endowments from: Donallons Covid-19 grants receivable Fe85 and accommodation charges Dividends Bank inlerest Rental income 670 670 121.633 11,1741 724,856 52,444 792.399 56,226 1,039 900 792,399 55,226 1,039 900 5,400 Total Income 850,234 850,234 903.159 Expendlture on: Porlfolio management Wages Social securlly Pensions Councll charge Light, heat and water Insurance Repairs and maintenance Telephone and offlce expenses General supplies Sundry expenses MolDr and Iravelling expenses Holidays, oullng8 and entertainment Accountancy fees Sollcllors fecs Bank and professional charges Depreciation Wages and salaries - Governanca costs Swal security- Governance costs Pensions - Governance costs 13,213 456,739 29.809 8,192 2,658 21,772 6,948 19.056 5,708 81,232 5,007 12,990 13,213 456,739 29,809 8,192 2,658 21,772 6.948 19,056 5,708 81,232 5,007 12,990 13,299 420,520 29,577 8.587 2.071 22,058 4,818 24,153 5,981 72.507 4,803 9,368 41,874 4,811 32,066 2,014 19.644 41,874 4,811 32,066 2.014 19,644 38,138 4,518 2,259 18,375 50,749 3,312 910 50,749 3.312 910 46,724 3,286 954 Total Expendlturè Operating SLErplus Realised Igainslllosses on fixed asset Investments Unré81ised Igainllloss on investment assets 1818,7041 31,530 13.2941 (818.7041 31,530 13,294) 1731,9961 191,163 21,168 170,161 170,161 112,097 Nel Incoma 204,985 204,985 37,898 Nel movement in funds 204,985 204,985 37,898 Recon¢lliation of lunds Total funds brouohl fomard 2 314.542 Page 22 280,000 2 594,542 2,556,644 Newland Hurst Limited Unrestrlcted funds Total 2024 Total 2023 General Designated Total funds carried foNard 2,519,527 280,000 2,799,527 2,594,542 Page 23