COMPANY REGISTRATION NUM8ER: 2152319 CHARITY REGISTRATION NUMBER: 297496 Thornage Hall Independent Living Limited Company Limited by Guarantee Financial statements 31 March 2025 Thornage Hall Independent Living Llmited Company Limited by Guarantee Financial statements Year ended 31 March 2025 Pages Trustees. annual report lincorporaling Ihg dir¢¢ttsr$' reporti 1to12 Independent audilorfs report to the members 13to16 Statement of financial activities (including income and expenditure account) 17 Balance sheet 18 statement of cash flows 19 Notes lo the financial statements 20to34 Thornage Hall Independent Living Limited Company Limlted by Guarantee Trustees. annual report (Incorporating the directors, report) Year ended 31 March 2025 The Iruslees, who are also the directors lor the pufposes ol company law, pres¢nt their report and the financial slalemenls ol the charity lor the year ended 31 March 2025. Tha financial slalements have been prepared in accordancè wlth the accounting policigs sel out in notes lo the accounts and comply wlh the charily's governing document. the Charities Act 2011 and Companies Act 2006 and Accounting and Aeporting by Charities.. Slalemenl ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Finan¢ial Reporting Standard appli¢able in the UK and R8public of Ireland published in Oclober 2019. Relerence and admlnl$tratlve delalls Reglstgred Gharity name Thornago Hall Independent Living Limited Charlty reg15tratlon number 297496 Company regi$tratlon number 2152319 Princlpal offlce and registered Thornage Hall offlce Thomage Holi Norfolk NR25 70H The trustees Thè trustees who setrved during the year and al the dat8 of approv81 were as follows.. T M Fitzalan Howard CBE (Chairl R J Baines P D Gtrddard A S Gould M M Gould L Grillllhs lappoinled 20 May 20251 P R Hare (Vicè Chairl lappoinled 25 Fèbruary 20251 J A Mansgr (Vice Chairl Iresign9d 25 February 2025} M B Pollill Ireslgned 13 May 20241 J L Sayer Thornage Hall Independent Living Limited Company LlmSted by Guarantee Trustees, annual report {incorporatlng the directors, report) (eoniinued) Year ended 31 March 2025 Company Secretary P D Goddard Patrons The Rl. Rev. Tha Bishop ol Norwich Th8 Rl. Hon. The Lord Hastings The Lady Dannatt MBE Senlor Management Group R Dunihorn8 (Chief Executive Ofli¢erl C Lavhord (Director ol Finance and Estates artd Deputy Chlel Execulivel S Mace (Registered Manager) Audllor Lov8w&ll Blake LLP Chartered aecounlanls & slalulory auditor Bankside 300 Peachman Way Broadland Busin8ss Park Norwich NR7 OLB Bankers 8arclayg Bank PLC Barclays Banking Lgic8Ster LE87 28B Triodos Bank NV Brun@l House 11 The Promenade Bristol BS8 2NN Sollcllory Hayes and Storr 27 Bull Street Holl Nortolk NR25 6HP Bales Wells 10 Queen Street Place London EC4R 1BE Leathes Prior 74 The Close Norwich NR1 4DR Hansells 13 Th8 Close NDrwich NR14DS Thornage Hall Independent Living Limited Company Limited by Guarantee Trustees, annual report (incorporating the dlrectors, reportl (conrfnue Year ended 31 March 2025 Oblèetlves and aCti￿lIeS The Charivs objectives are, for the public benefrt. lo promote good health and wellbeing, provide care and SUPPOrt and advan¢è the education and training Of adults with a diagnosed disability Iwhelher mental or physical) from the age of 18. This is cariied out in accordaneo with the principles of Dr RudoLf Sleingl, particularfy by the e51ablishmenl and maintenance of a community induding the provision of Supported Living in five houses and Day Services offering a rang8 of work bas0d leaming opportunities. At Thornage Hall Independenl Liwng we wish lo see an envir¢nm8ntally sustainable world, where everyono can live. learn and work together in a meaningful way, regardles5 of ability or disability. In order to achieve this we ¢ontinue to lo develop an environment where people of all abilities live the Irf& thay choose, have opportunitses for work of real value themselve$ 8nd where shared learning is encouraged and embraced. Our strategic piiorilies over the next fjve years will ttsnlinue to focus on five Gore objective5. 1. Live Demonstrating our person cenlred approach lo crealing 8n'ordinary life, including mealtimes, hobbies. links with the wider community, dorneslic dLrties. We will do this through the development of.. Houses which provide supported liwng and not residential care. Tenant8 who understand their own reSFJon8ibilitiès under their tenancy agreements. Increased lenanl decision making. In¢reased participation and leadership by lenan15 in meetings, staff re¢witmènt elc. How we respond to tenants as thay 8g8, their needs increase and their ability to continue lo contribute lo the community. 2. Work Highlighting our work based learning opportunities and supporting the engagement of a wider client group. We will do this through the development of.. An increasing range of Day Services re$poThsiv8 to the needs of adults with learning disabilities. Real and meaningful WOTk both within the community as well a5 through work placèmenl. Our skills development programme. including training lo support work place skills a5 p¢r the local authority Pathways. Diversified acti￿711e5 on the land including market garden, estste management and farming. Dired sales to the public, involving seNtcÈ usèrs in the process. 3. Learn Everyone has something lo give and everyone has something lo leam, regardless of whether they are lenanls, day service users, staff member$ or volunteers. Mutuality of learning is a fundamental part of our Community. Learning opportunities run through all of our 'liwng' and ￿orking, initiatives foi everybody engaging wilh Thornage H811 Independent ￿￿1￿9 atjd the wider ￿MMUnity. We will develop these opportunilies through.. Our community engagement and education services. Positive behawoural support approaches and supporting people in accordance wilh their indiwdual support nè8ds. Seeking out and building nèw partnerships and expanding our work based leamlng services Into the )mmunity. Thornage Hall Independent Living Limited Company Limited by Guarantee Trustees, annual report (incorporatlng the directors, report) fcontlnuedl Year ended 31 March 2025 Objective5 and activities {cortlnue¢lJ 4. Our p¢gpl¢ In order to athieve our ambitions for developing the live, ltrarn and work opportunities over the next five years we wll n8ed lo attract, develop and retain a workforce wtth the skills and experience reqLJired. We wi achieve this through.. Highlighting Ihe quality standards we are achieving and aspiTing lo. Differentiating our offer through underlining our values and ethos. Communicating With partner organisations and engagement vrilh the wider community. Development and training ol $18ff lo provide high Quality support and social care. Underlirning the uniquè ènvironmènt both ol Thornagè Hall Independent Living itself and of North Norfolk, not only a5 a desirable place to live, bul also Whe￿ careeT aspirations can be realised. 5. Our built environment The development and improvemènt of thè houses and facilities across our estsle will be inslrurnenlal in helping US to meat our ambitions for providin9 th8 live. learn and work opportunities we wish lo achieve over the next five years. In particulai we will focus on the followin9 Inilialives.. Plans lo reconfigure accommodation in the Hall brlnging en-sulle and equllable stsndards of accomrnodab'on for all tenants. Continuation of our ongoing planned maintenance progTamme to maintain the upkeep and upgrade lh¢ standards of our trxisling aw)mmodation as identified lo a high standard some of which is heritage category Grade11 listed. The development ol a fundraising appe8110 8UPPOrt the capital requirements for the developmenl of Orchard Lodge, a further 5 bedroom a¢commodalion unit. Publlc bonefft The Twslees confirm that th&y have had due regard 19 Charlty Commission guidance on public benefiL Thomage Hall Independent Living Limlted exists to promote the health and Ind8p9ndonco of all who livg and work in ils community. 11 has a strong emphasi5 on developing ￿lIZ￿nShiP and a cotlltnunty ¢ulture, lo enable each individual to develop their skills and interes15 to maximiso their personal polonlial. This tskes place alongside OL5r bits-dynamic approach to managing the lan(f, which is dgmonstraled to have benerrts foi environmental prole¢bon and improvement of the land. The community is upen lo anybody identified as having a need for Se￿￿$ following an assessmonl with their local authority. with Norfolk County Council residents being considered in the fifsl instan¢e. People of any race, religion, gender, culture, disability or orientation may seek lo Join us. In line with our polici&s on equality and diversity. Our services all operate on an indiwdual's need5 basis in line with public funding criteria. Thornage Hall Independent Living Limited Company Limited by Guarantee Trustees. annual report (incorporating the dlrectors, report) (eonllnued) Year ended 31 March 2025 A¢hi•vements and perfomiance Day Servi¢os Our day service ha$ continued to perfoTm strongly this financlal year despite wider economic challenges. Attendance remains high, with many workshops operating al full capacity. As of 31 March 2025, 50 individuals attended our Service eath week. We ¢ontinue to work ¢losely wfth Norfolk County Council on the Life Opptsrtunilies framework. However. delay5 w((hin the Coun¢il have meant that the three planfted pathways are not yet active. The Skills & Employrnenl pathway was paused in July 2024, and the Council is reviewing its overall strategy before launching the Promoting Independence and Enriching Livgs pathways. From l April 2025. a Capped rate for commlssloned day s&rvic8 hour5 will be inlrodu¢ed, alongsida a shift from comtllissioning by day to commissioning by hour. While this will have a financial impact. we are maintaining dose contact with commissioners and social work teams lo ensure sèrvice qualty remains unaffected. Qur inlemal qualrty audit process, based on CQC principle$, Conbnues lo drive impTovement. Each audit includes document remews, Staff and serwce usor feedback and observations. ￿SUlting in actionable plans. Feedback from our 2024 audit highlighted excellent teamwork and detailed, perstsn-cèntred care planning. In March 2024, our Day Setvice Business Manager be¢8me the organisalion'5 Safeguarding Lead. mpleting advanced training Rnd now deliverin9 in-house safèguarding workshops Its staff, vt)luntèèrs, trustees an¢J seThice users. This approach ha5 strengthened awareness and confidence around keeping safe. We piloted an outwof-hours service in laté 2024, offeThng weekend ¢realiv¢ actiwties and oulings to build peer networks. Following positive feedback and successful engagement, funding was securèd in February 2025 to expand this offei next year. Our first Acliviliès Week in Seplembor 2024 provided 16 workshops, including dance. fflorislry, pottery. foresl school, and gi¢¢n woodwork. Visits to partner siles su¢h as Eve's Hill Veg Co and Sheringham Park enrichèd the experience. Many pa￿"CIp8nls have since joined new workshops inspired by thè week's 8clivilies. We are proud of our dedicated $laff and volunleer team, whose Skills, commitment, and stability remain central to delivering a safe, caring, and high.quality service. Ongc*Sng training, supaNsion, and administrative support continue lo ensure excèllence across all areas. Looking ahead. our foGUS foT 2025r26 will be on balancing financial sustainability with the continued delivery of 8 high-quality, person-cenlred day servic&. Fami & Market Garden All breeding cows calved successfully this spring with minimal intervention. Som& young stock will b8 ared for beef production al Thornage, while five animals will be sold through our new outlet, Barnes Bulch¥ry. With a lo181 h8rd of 20 units, the breeding herd is now in calf again with our new b¢Jll, Appleton Maje51i¢, from Gre$senhall. We look forward to new arrivals in gady summer 2026. Thirty new laying hens have bean intrOdU￿d and will soon resume egg pr(Kluction for the ¢omfflunty. Caring for the hens continues lo provide valuable workshop experience for service users, with ongoing support frorn the biodynamic farm that s¢Jpplies our birds. All animals. including tho alpacas. rernain an important and meaningfu5 part of daily activities on the farm. Thornage Hall Independent Living Limited Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) fconthued) Year ended 31 March 2025 A¢hlev*ments and perfomian¢o (Gpnllnu¢dJ The orchard has had an excellent season. producing a large crop of lop fruit. Over 500 bottles of juica were mado in partnership with Whin Hill Cidef Company, alongside fresh fruit sales through local farm shops and lo the ¢ommunrty. Pruning, maintenance, and haNesting offer valuable hands-on learning, while new tree 8to¢k donaltrd by The Tr88 Council has shown strong groth after grafting with our own cuttings. Tenants and service users have continued to develop 18nd-b85ed skills, including training on the ride-tsn mower and tractor. During Day Service A￿1Vity Week, partlClP8nls su¢¢essfully opeialed the Jtshn Dèere tractor and trailer with staff supeNsion-many thanks to Steve R. for leading this training. The introduction of battery-powered hedge trimmers and strimmers has made equipment handling saler and easier. enabling several semcè users to worf( more independently. Our partnership wlh the West Norfolk and King's Lynn B8@ Soaety remains strong. with additional hi￿$ established thi5 year. Although honÈy production was slightly Ii)wer, colonies are h8althy and continu& to contribute both to biodiversity and small-scale income. We are grateful lo Phil and Rose from the Bee Society for their ongoing 5UPPOrt and expertise. Beyond animal and crop managernenl. the team maintains all areas of the widgr estate, including woodlands, hedges, reed beds, and lawns. Their hard work and pl8nning ensure the holding remains w911 cared for and continue lo provide learning opportunilie5 for all involveil. We are proud to have retained Demeter certificalion for all land areas, with positive legdback frcxn this yeafs inspection. Balancing workshop acliwlie8 Wtlh the wider deTllands of the land Gan be ¢hallenging. and extend our sincere Ihanks to the whole team foT their commilrnent. adaptabilty. and d8di¢alion lo upholding Thomag9's biodynamic principles. Housing and Supported Living This year has seen the start of the conslructioin of Orchard Lodge, a now piowsion for 5 lenanls. Several of our current tenants have expressed a wish lo move into the new build when il is completed. The Hall works commencod and finished and internal moves were made. Two of the current Hall tenants moved into th& newly ￿furbI$hgd second floor rooms and we also welcomed a new tenant who rnoved into The Hall meaning this house has reached full ¢apa¢ily. One tenant moved into Alternative provision leaving voids, one in Gaiden Flat and, one in the Grange. Following the requests during la51 yearfs Teviews for more of the tenants to have I'.1 support, and thi$ being agreed by NCC, enables all to have rewarding and fulfilling lives. This additional level of support ¢onlinue$ to benefit tenants, health and well-being, and they continue to achieve their goals and aspirations, taking part in a variety of new and favourite activities and experiences. Tenants have joined in and celebrdted events in the Thomage community. In addition to this, bi-weekly trips continue lo be a firm favourite lo Gateway Club and Month￿ outings 10 Fus9 nightclub in NDrwi¢h. Whole site lrips for those tenants who wished to attend were arranged by Hazel lo PIBasuiewood Hills, Afri¢a Alive and Castle Acre along with lots of Festive trips. The 2025 Festive trips have been arranged for the tenants tQ ￿51t the Thomage favorites.. The Polar Express, Sandringham Chrislrnas Market, Thurslord Chrislrnas Spe¢lacular, Luminale. BeWIlden￿00d presents Christmas, Sparkle @ Roarr and The CTomer Pier Show. Delivery from the newly trained Train Ihv Trainer staff comrnenced and PBS and Food Safety training has been completert by the Tnajoiity gf the staff team. Thornage Hall Independent Living Limited Company Limtted by Guarantee Trustees, annual report (incorporating the directors. report) (conUnu8dJ Year ended 31 March 2025 A¢hiovements and pèrfomiance lco￿tinUed} Capital Projects and Maint￿anC9 We completed 8ignifi¢anl eAPital improvements during the year, including the fefurbishmenl of the first and second tloors of The Hall, our Grade 11 listed bLtilding, which houses seven tenants. The upgrades have provided signifi¢antJy improved èn-suite accommodation. These exptrnsos were treated as capital addibons and will be depTe¢iated in accordance with our accounting policie5. other property upgrades In¢luded'. A kttchen refurbishment at one of our Supported Liwng homes Two en-suite iefurbishments, fttrthering our commitment to prowding highquakty accommodation across all five Supported Living home$ Govornance and Strategy Following last yea¢$ commktment lo a ¢ultural review, the Board of TTu$lees allocated further d¢slgnaled funds lo support a ¢ompr&hensive rewew of the charit￿5 governance and strategic planniri9. Thi$ WQTk was cornpleltsd within the yesr ￿th the support of èxt8rnal consultant$. We also invested signilicanlly In improving compii$nc8 and health & safety standards, induding enhanced measures forfire, water. and electrical safety acro3$ our community. Our investment portfolio was rèviewed following the introdudion of a new account manager assigned to the Charity. Following careful Consideration of the options il was agroed to transfer the Government Stocks and FrAed Investment Funds into the Opio Street M8naged Fund, with a fo¢us on long-term growlh and income. Financial review Fee in¢r&mè for the year increased by 12% compared to the prgVIOUs financial year. This growth was partially drlven by inflationary uplifts awarded by Norfolk County Counal INCCI.. 5.850h on our Supported Living commissioned rates 5.750h on our Day Setw¢¢ ￿mmISSIon@d rates Al Ihe beginning of the year, NCC ¢ompletsd Supported Living reviews. resulting in increased 1..1 f¥Jnding for many of our lenanis. This uplift accounled lor the majority of Ihts addition31 fee income. Sales income also rose slightly compare for the year ended 31 March 2025 which eompri8e Ibe statement of financial activities (Including incorne and expenditure a¢¢ountl, balance sheet, slalemenl of cash flow5 and the related notes, including significant accounting policies. Thè financial ieporting framework that has been applied in their prepacation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial R¢porbng Standard applicable in the UK and Republic of Iieland IUnile¢J ￿ngdoM Generally A¢wled Ac¢ounling Pia¢licel. In our opinion the financial statemenl5'. glve a true 8nd fair view of the $tste of the ¢hariV9 affairs as al 31 March 2025 and of his incoming resources and application ol resources, including it5 in¢¢me and expendilijré, for the year then ended,. h#v8 been propeily prepared in 8CCOfdance with Uniled Kingdom Generally Accepted Accounting Pracli¢e', 8nd have begn prepared in accordance with the ￿qUireMentS of the Companies Aet 2006. Basis for opinion We conducted our audit In a¢¢ordance with Intemational Stsndards on Auditing {UKI IISAS IUKII and applicable law. Our respollsibililies under those standards are further described in the Auditor rgsponsibililies for th8 audit of the financial stslemenls section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit ol the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical re$ponsibiliti8s in accordance with these requirements. We believe that the audit ewdence we have obtained is suffi￿ent and appropriate to provide a basis for our opinion. Conclusion¥ rolatlng to going ¢on¢em In auditing the financial stslements, we have concluded that th¢ trustee5' use of the going concem basis of a￿Unting in the prèparation of the financial slat8ments is appropriale. Basèd on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cost SIgn￿lCant doubl on the charily'5 ability to ¢ontinue a5 a going concern for a perlod of at leasl twelve month5 frorn when the firtancial statements are aulhorised for issue. Our responsibilities and the responsibilities ot the trustees with respect tts going concem are described in the relevant sections of thts raport. 13- Thornage Hall Independent Living Limited Company Limited by Guarantee Independent auditor's report to the members of Thornage Hall Independent Llvlng Limlted (cot)IlnupdJ Year ended 31 March 2025 other Inforniation The other information comprises the infomation ineluded in the trustees, annual report. other than the finan¢ial statements and our auditorfs report therèon. Thè trustees are responsible for the other infomiation. Our opinion on thè financial statèments doès not cover thè other infofmation and, except to Ihe extent otherwise explicilty slated in our Teport, we do not express any form of assurancg cDndu5ign Ihgreon. Our responsibility is to read the other information and, in doing 50. consider whelhoi the olhpr infotmalion 18 materially inconsistent with the financial slalemenls or our knowledge obtsined in the ¢our$e of the audil. or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are requsred to determine whether this gives rise to a material misstatement in the finan¢tal slalements themselves. If, based on the work we have perforrned, we conclude that there is a material misslalèmènt of this other infom)alion, we a￿ required to raport that fact. We have nothing lo report in this regard. Opinion$ on other mattern prescribed by the Companies A¢t 2006 In our oplnlon, basod on the work undertaken in the course of the audit.. the information given in the trustees. report whtch includes the dire¢lors' ￿ptsrt prepared for the purposes of eompany law. for the fin8ncFal year for which the financial statements are prepared is onsislenl with the financial slalemenls., and th@ direotors report included within tha truste8s' report has been prepared in accordance with appll¢able legal requ1￿Ments. Matters on which w* ar* r•quir¢d to report by excgption In the light of the knowledge and understanding of the charity and its envifonrnenl tsblairled in the course of thè audit, we hav8 not identified material misstatemènts in the directors. report included within the trustees, report. We have nothing lo report in respect of Ihe following matters in rel8b.on lo which thè CompAniÈs Act 2005 requires us to report lo you il, in our opinion.. adequate accounting record5 have not been kept, or retums adequate for our audit havo not boen received from branches not visited by us., or the financial slalemenls are not in agreement with the accounting ￿COrdS and tytum$", or certain disclosures of trustees. remuneration specif5ed by law arè not mada.. or we have nol ￿ceiVed #ll the inlomation and explanations we require for our audit., or the trustees weie not enlilled lo Prepa￿ the financial stslgmenls En accordan￿ with the small companies regime and lake advantage of the small companies, exemption5 in pieparing the directors. port and from the requirement to prepare a strategic report. 14- Thornage Hall Independent Living Llmited Company Llmited by Guarantee Independent auditorfs report to the members of Thornage Hall Independent Living Limited (cortunuedj Year ended 31 Pllar¢h 2025 Responsibilities of trusteeB As explained rllor¢ fully in the trustees, respon5ibililies staternenl (Set out on pages 11 to 121, the Iruslees (who are also the Ilireclors of the charity lor the purposes of cornpany law) are re$ponsible for the preparation of the financial statements and for being satisfièd that they give a true and fair view, and for such inlemal ¢ontrol as thè trustees del8rmine is necessary to enable the preparation of financial stslements that are free from material misslalemenl, whether due to fraud or error. In preparing the financial statements. the Iru51ees are responsible lor assessing the charitys ability to onlinuè as a going concern, disclosin9. as applicable, matters related lo going concem and using the going conc¢rn basis of accounting unle55 the trustees either intend to liquidate the charity or lu cease operations, or have no reali$lic sltemalive bul lo do so. Audltorfs rosponsibilities for th• audlt of thè flxancial statements Our objediv8s are lo obtain reasonable assurance about whether the financlal slalemenls as a whole arè freE from rnatèrial misslalernent, whether due lo fraud or error, and Its issue an auditorfs report that includes our opinion. Reasonable asSUT8n¢e is a high level of assurance, but is nol a guaianlee that an audit conductèd in accordance with ISA$ IUKI will a￿ayS delect a material misstalemenl when it &xists. Misstalemenls can arise from fraud or error and arp considered material if, indiwdually OT in the aggregate, they could reasonably be exp8ctèd to influence Ihtr e¢onomic decisions of users taken on the basls of these rin8ncial stalemenls. Irregularitios, including fraud, are instances of non-cotnpliance with laws and regulations. We design procedurès in line with our responsib11illes, outlined above, to detecl material misstatements in r&spect of irregulariliÈs, including fraud. The exlenl to which our procedurès are capable of deteding irregul8dlle$, induding fraud 1$ detailed below.. Enquiry of management and those charged with yovemance., Enquiry of entity Staff compliance fun¢tions to identify any instances of non-compliance with laws and regulations., Reviwing financi81 statement digdosures and testing lo supporting documentation to assess compliances with appIl￿ble laws and regulations. Performiny oudil work over the risk of management override of wnirols, induding testing of journal &nlries and other adjuslmenls for appropriateness. evaluatson the b¢Jsiness rationale of significant transactions outside the norrnal course of business and reviewing accounting estimates for bias. Because of the inher￿1 limitations of an audit, there is a ￿sk that we wlll not detect all irregularities, ncluding those leading Its a matèrial mis8tstement in the finan￿al stalemenls or non-compliance with regulation. This Fisk increase5 the moro that compli8n¢è with a law OT regulation 1$ removed from the events and transactions reflècted in the finaftrAal stalernenls, as we will be less likely lo be¢ome awafe of instances of non-compliance. The risk 1$ also grealer regarding irregularities occurring dup to fraud rather than error, as fraud involves inl¢nlional con¢ealmant. forgery, collusion, omission or misrepresentation. -15. Thornage Hall Independent Living Limited Company Limited by Guarantee Independent auditorfs report to the members of Thornage Hall Independent Living Limited Year ended 31 March 2025 A further des(yiplion of our responsibilities available on the FRC'5 website www.fr¢.tsrg.uk1audilors￿yponglb1lltiÈs. This description forms part of our auditor's report. Use of our report This report is made solely to the charitys rnernbers, a5 a body, in 4¢¢ordance wlh Chapter 3 of Part 16 of the Companies Act 2tX)6. Our audit work has been undertaken $0 that we might slate lo the charity's members those matters we are required to state lo them in an auditorfs report and for no other purpose. To Ihe fullest extent permitted by law, wé do not accept or assume responsibility to anyone other than the chaTily and the charity's Members as 8 body, for wr audit work. for this report. or for the opinions we have formed. Mark Pro¢lor FCA DChA (Senior Slattjlory Audito¢ Ftsr and on behalf of Lovewell Blake LLP Chartered accounlanls & slaiutory auditor Banksid¢ 300 PeachTnan Way B￿a￿land Su8iness Park Norwich NR7 OLB 031izILQ 16- Thornage Hall Independent Livlng Limited Company Limited by Guarantee Ststement of financial activities (including income and expenditure account) Year ended 31 March 2025 202S Restricted funds Totsl lunds 2024 Unrestricted funds Totsl funds Nots Income and endowmÈnts Donation5 and lega¢ies haritable aGtivstie5 Other Irading activitie8 Investment in¢ome other income 15.712 2,521,250 27,039 35.982 254 531,3S7 8,500 547,069 2,529,750 27,039 35,982 254 435,273 2,250,914 21,529 33.868 212 Total in¢ome 2,600.237 539.857 3,140.094 2.741,796 Expenditure Raising funds Cost5 of trlher trading activities Charitable activities 10 11 18,452) 12.550.952) 12.559,404) 18,4521 {24.4501 {16,714) 12.567,6661 12,425,933) {16,7141 (2,576,118) 12.450,3831 Total expendlture Net incomè and net mov¢mènts In funds bafore gains and losses on invèstments 40,833 523,143 563,976 291,413 Nel I10ssesllgains on investments 12 1225 1225) 5.422 Net incomé before transfpr of funds 40,608 523,143 563,751 296.835 Transfers betsveen fund$ 516,249 1516,2491 Net movement In funds 556,857 6.894 563,751 296.835 ReGonclllation of funds Totsl funds brougm forward Total funds carried forward 4,599,754 5,156.611 924,4S8 5,524.222 6,087.973 5.227.387 931,362 5,524.222 The statement of financial activitses includes 811 gains and losses rocognised in the year. All income and expenditure dtsrivtr from continuing activities. The nots8 on pages 20 to 34 forni part ofthose ￿nanCIal $tstsmonts. 17- Thornage Hall Independent Llvlng Limited Company Limitgd by Guarantee Balance sheet 31 March 2025 2025 2024 Nots Flxed assets Tangible fixed assets Investments 16 17 3,432,775 158,120 2,662,978 158,345 3.590,895 2,821,323 Curr&nt assets Stocks Deblors Cash at bank and in hand 18 19 18,176 214,487 2,477,909 2,708,572 16,176 248,977 2,612,079 2,877,232 Creditors: Amounts falllng due within one year 20 211,494 174,333 Net current a¥$?ts 2,497.078 2,702,899 5,524,222 Totsl 4550ts 1¢$$ current Ilabilitles 6,087,973 6,087,973 N•t assets 5,524,222 Funds of the charity Restricted funds Unro$lri¢led funds 931,362 5.156.611 924.468 4,599.754 Total charity fvnd 23 6,087,973 5,524.222 These financial $lalemenls have bean prepared in accordance with the provisions applicable to comp8nies subject lo the srnall ¢omp8nies' ￿91M￿. cial statements were apprtsved by the board of Iruslees and authorised for issue on anda edon alf of the b afd by.. /N i••a T M Fitzalan Ho Chair Company registration number.. 2152319 Thè note$ on yges 20 to 34 lomi part of thosè financial statements. 18 Thornage Hall Independent Living Limited Company Limited by Guarantee statement of cash flows Year ended 31 March 2025 202$ 2024 Cash flows from operatlng a¢tlvltles Net Income 563,751 296,835 Adjustments for Depreciation of tangible fixed assets Nel Ilosses)Igains on inveslrnenls DI￿dendS. interest and rents from investmants Olher interést receivablts and similar income Gains on disposal of tangible fixed asse15 159.474 225 14,470} (31.512} {254} 126,208 15,4221 {13,2541 {20.614) 12121 Changes in.. Trade and other debtors Trade and othar uedilor5 34,490 37,161 157,366) 193,8411 232,334 Cash generated from u￿rationS 756,865 Intere51 received Net cash from operating a¢ttwlies 31,512 20,614 252.948 790,377 Cash flows from Invèsting activtlles Diwdends, inleTesl and rents from investments Purchase of tangible assets Proceeds from sale of tangible assets Purchases of other investments Proceeds from sale tsf other inveslmenl3 4,470 1929,3171 300 13.254 1383,7641 (10,7731 10,773 Net cash used in investing activities (924,5471 (369.9021 Net decrea$e In cash and ¢4$h equivolents Ca$h and ￿$h équlvalents at beginning of year Cash and ¢4$h 8quivalents •tend ot yo8r (134,1701 2,612,079 2,477,909 1116,954) 2,729,033 2,612,079 The notes on pages 20 to 34 k*mi part oftheso flnancial statem&Dts. 19- Thornage Hall Independent Living Limited Company Limited by Guarantee Notes to the financial statements Year ended 31 March 2025 General infomation Thè charity is a public benefit entity and a private company limited by guaranleo, r¢gis1e￿d in England and Wales and a registered charity in England and Wales. The addiess of the regi3tergd officè is Th(Trrn8ge H311. Thtsrnagè, Holl, Norfolk, NR25 7QH. Statement of ¢omplianc¢ The charity constilule5 a public benefit entity as defined by FRS 102. The financial st8tèmenis have been prepared in accordance with Accounting and Reporting by Chariliès". Statement of Re¢tsmmended Practiee applicable to charities preparing their accounts in accordance with the Financial Rèporting Standard applicable in the UK and Republic of Ireland issued in October 2019. th6 Financial Reporting Standard applie2blÈ in the United Kingdom and Republic of Ireland IFRS 102), the Charities Act 2011, the Companie5 Act 2006 and UK Ggnerally Accepted Accounting Practice. Accounting policles la} Basis of preparation The financial 5talemen15 have been prepared gn Ihts historical cost basis, as modified by the revaluation of certain financial as5els and liabi5ib.es measured at fair value through income or expenditure. The financlal slalemetts prepared In sterling, which is the functional currency of the entity. and rounded to the nearest £. Ibl Going ¢on¢am The financial statements have been prepared Dn a going concem basi5 as thtr TNslg9s bg1iev¢ that no material uncertainties exist. The Trustees have considered the level of funds h¢ld and the expected level of in¢omg and &xpendituro for 12 months from aulhorising Iheso financial stslemenls. The budgeted income and expgrKlityre is sufficient with Ihe level of reserves for the charity lo be able lo continue as a going concern. Icl Fund #¢¢ounting Un￿stricted funds arè available for use at the discretion of the Trustees in furtherance of Ihg general objecknves of the Charity. Designated funds are unrestricted fund5 earrnarked by the Trustees for parti¢ular pyrpose¥. Restricted funds are subjected to restricttons on their expenditu￿ imposed by the donor or through the leimy Of an appeal. Idl In¢ome All income t5 induded in the slatemenl of financial activities when the ¢h8rity is entitled to the incom8. any perfortnancg rel4l¢d ¢onditions attached have been mel or are fully within the Control of the charity, the in¢ome is considered probable and the amount can be quantified with reasonable accur8cy. The following specifi¢ policies are applied to particular categories of income.. -20- Thornage Hall Independent Living Limited Company Limited by Guarantee Notes lo the financial statements (conllnuedj Year ended 31 March 2025 ounting policios {contsRu8dJ Income reTrived by way of donations, legacies. grants and gifts 1$ included in full in the Statemènt of Financial A¢tiwlies when receivable. Where legacies have been notified to thÉ Charity but the critèria for income Tecognilion h8ve not been mel, the legacy is treated as a conlingenl asset and disclosed material. Grants, where enlillemenl is not Ctsndilional on the delivery of a specific performance by the Chwity. are recognised when Ihe Charrty becomes un¢ondilionally entitled lo Ihe grant. Investment in¢ome is irKluded when re¢eivable. Income from charitable trading acliwty 15 accounted for whtrn eamed. In¢ome from grants, where related to performance and specific deliverablos, are a￿OUnted for a8 the Charty éarns the right lo consideration by ils performan¢e. (el Expenditure Expenditur¢ is re¢ognised On an ac¢ruals basis as a liability is Incur￿￿. Expenditur8 includes aAy VAT which cannot be fully re¢overed, and i$ reported as part of the expenditure lo which it relates.. expenditure on raising fund8 comprise the costs a8$0¢iated with aitracting donations. grants and legacies and the costs of trading for fundraising purposes. expenditure on charitable actI￿lieS comprfsgs Ihoge costs incurred by the Charity in thè delivery of its acliwlies and service5 foi its benefiGiaries. 11 includes bolh costs that can be allocated direcuy to such activities and those costs of an indirect nature necessary lo support them. All Costs are allocated betsveen the èxpenditure cale9oTres of the Statement of Financial Activities on a basis desSgned lo rgflect the use of the resource. Costs relating lo a particular a¢tivity are allocated directly, others are apportioned on appropriate basis, as set out in the note5 to the a¢¢ounl5. {fj Tangible a880ts Fixed assets lexduding investmenlsl s￿ slated 8t cost less accumulated depreciation. The costs of minor additions ¢ostsng les$ than £1,000 are not capitalis8d. Igl Depreclatlan Depreciation is calculatgd so as to write off the ￿$1 or valuation of an assel. less fts residu31 value, over the usefvl economic life of that asset as follows". Resid8ntial buildings Farm buildings Motor vehides and ma¢hingry Furnishings and equipTllenl over 40 years over 25 years 250h iedu¢ing balan 25QA reducing b81once and straight line No depreciation is provided for assets in the course of construction unlil the assets are brought into their intended use. 21 Thornage Hall Independent Living Limited Company Limlted by Guarantee Notes to the financlal statements (confinuetYI Year ended 31 March 2025 Accounting policies (¢onllnued) Ihl Invostmènts Investments held as fixed assets arg rovalued at fair volue al the balance sheet dale and the gain or loss taken to the Siatement of Financial A¢tiwties. 111 Stocks Stocks have been valued 81 the Irjwer of Cost and net realisable value. Ul Flnancial Instniments A financial asset or a financial liability is recognised On￿ when the entity bècomes a paty to th& ¢onlra¢tual provisions of Ihe instrument. Basic financial instrumellts are inits.alty recognised at the amount receivable or payable induding any related transaction cos15. unle$s thè Arrangement constitutas a financing transaction, where it 15 Tecognised at the present value of the fthurè payments discounted at a markel rate of interest for similar debt instrument. Curienl asse15 and current liabilities are subsequently measured al the ¢ash or other consIdera￿On expected lo be paid tsr re¢¥ivèd and not discounted. Debt inslrurnenis are Subsequently m8a$urgd at amortised cost. Ikl Defined ¢ontrlbution plan$ The Charfty oparales Iwo defined contribution pension schemes in r*spe¢t of employees and c workers, a contribution 51akehold¢r scheme (People's Pension) in respect c*f ernployees and CL workers and a money purchase scheme lor co-workers onty with Camphill Benevolent Fund, lo which the trustees made no contributions duiing the y83r. The 8SS8ts of these schemes are held separately from those of the Chartty in independently administered funds. Thè pénsion cosl charge represents ¢onlribub"ons payable by the ChaTity to the scheme5. LlmitÈd by guaranteè Thomage Hall Independent LI￿ng Litllited is a registertsd ¢harity and company limited by guaranteè with no share capital. The liability of each mernbei in the event of 8 winding up is limited lo £1. -22- Thornage Hall Independent Living Limited Company Limited by Guarantee Notes to the financlal statemenls (conllnvedj Year ended 31 March 2025 Donations and lega¢l&s Unrestricted Funds Re51rithd Total Fund$ Funds 2025 tk>rtallon$ Donations 15,712 531,357 $47,069 Unrestricted Funds Restricted Total Funds Fund$ 2024 Donations Donations 13,493 421,780 435.273 Charitablè activities Unrestricled FL¢nd$ Restricted Totsl Funds Fun(as 2025 Fee8 and contribution8 Farm and garden income Workshop income COVID-19 Support Market Sustainabllrty and Improvemgnt Fund 2,474,875 38.75S 7.619 2.474.875 38,756 7,619 8,500 8,500 2,521,250 8,5 2,529,750 Unrestricted Funds Restricted Toial Fund$ Funds 2024 Fee5 and ¢onlribulions Fami and garden income Workshop income covit>19 Support Market Sustainabllity and Improvement Fund 2,134,856 32,725 6,282 42,551 2,134.856 32,725 6,282 42,551 34.500 2,250,914 34.500 2.216,414 othertrading activities Unr8stricted Totsl Funds Unreslricled Total Funds FuThJs 2025 Funds 2024 Fundraising 8v8nts 27,039 27.039 21.529 21,529 -23- Thornage Hall Independent Living Limlted Company Limited by Guarantee Notes to the financial statements f¢ontthyqrfJ Year ended 31 March 2025 Invg$lment Income Unrastrricted Totsl Funds UnreslriBled Total Funds Funds 2025 Fund8 2024 Incomè from fixed asset investments Rental incom6 Bank interest receivable 4.470 4.470 4,149 9,105 20,614 4,149 9,105 20,614 31.512 31,512 35.982 35.982 33,888 33.868 other income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Asset sale5 254 254 212 212 10. Costs ot othfrr trading actlvities Unrestricted Total Fund$ UnrèslrictÈd Total Funds Funds 2025 Funds 2024 Costs of other trading activities- Staging events 8,452 8,452 24,450 24,4SO -24- Thornage Hall Independent Living Limited Company Limited by Guarantee Notes to the flnancial ststements (eoArfnué Year ended 31 March 2025 11. Expendllure on eharltsbl• activitigs by activity type Community expenses Land expenses Support Totsl Funds Total Funds costs 2025 2024 Communty expensgs Medical expènsÉs Food Household Estate and general maintènancè Light, heal and fuel Rent, Tales and water Insurance Motor and travel expens Wages and 8laff ¢osls Training and edu¢81ion Conlribulions Ad￿rtising Printing, postage and stationery Telephone Professional fees Sundries Depreciation BaAk interest and charges Bad debts Farm cost of sales Veterinary fees Rèpairs and renewals Pest control Govemance co8ts 28,680 243 28.923 2.40S 72.325 53.486 31,507 2.496 61.372 53.274 2,406 1.524 89.044 34,632 1,757 15.806 57,784 63,982 11,307 27,648 {23,955} 1.308,350 2,969 2,558 859 107 33.786 833 2,152 6,947 7.253 190.325 11.885 1.229 613 1.108 4,632 13.791 ,202 2￿,556 78,806 66.533 13,459 9.012 2,685 37.280 31.101 163 116,539} 111,088} 271,401 1,799,139 1.605,267 12,702 27,556 27,615 3,543 7,330 8,666 1,951 3,423 4.717 7,149 8,364 9,710 4,527 4,563 5,403 66,523 155,441 120,109 778 1,760 2,038 1e,817 159,474 126,208 2,012 2.261 71.728 375 114,767 42 17.190 607 25,890 102 10,171 2,837 4,587 10,171 2,837 4,587 861 14,000 431,508 2,567,666 2.425,933 10,051 3,414 5,181 1,028 15.500 567 14.000 1,771.480 335,615 Included in tho above is restricted charitable expènditure of £16.71412024'. £35,046). Analy$l$ of governance costs Unrnstri¢tsd Rostricted Total Funds Total Funds Funds Funds 2025 2024 Audit lee Audit lee re previous years 15,000 11,0001 14,000 15,000 11.000) 14,000 13,200 2.300 16,500 -25- Thornage Hall Independent Living Limited Company Limiled by Guarantee Notes to the financial statements (conthiu Year ended 31 March 2025 12. Not Ilos$¥$llyain$ on investmet)ts Unrestricted Ttstsl Funds Unrestricted Total Funds Fund 2025 Funds 2024 G8ins on listed Investments {2251 {2251 5,422 5,422 13. Net income Nel In￿Me Is stated after chargingllcredilingl.. 2025 2024 Depreciation of tangible fixed assets Fees payable for the audit of the financial sl*ements Fees payable for the audit of the financial sialemènts- prior year Operating lease payments 159,474 15,000 11,0001 1,188 126,208 13,200 2,300 1,440 14. Stsff costs The lolal 3taff w51$ and employee benefrts for the reporting perfod are analysed as follows.. 2025 2024 Wages and salaries SoeAal sacurity costs Employor contributions lo pension plans 1,562.037 137,142 70,897 1,353,151 111.467 58,334 1,522,952 1,770,076 Key management personnel remuneTallon amounted lo £184,330 12024- £195,098) in resp8Ct of 3 12024.. 5) employees. The av8rag8 haad count of employees during the year was 60 {2024.' 551. The average number of ful limè èquivalent èmployèes during the year is analyspd as follows.. 2025 No. 2024 No. Number of administrative staff Number of other staff 45 40 50 45 The number of ernployees whoso remuneration for the year fell within thé following bands, were= 2025 2024 No. No. £60.000 to £69,999 15. Trusts& remuneratlon and expgnses No Trustee re￿Ived any remuneration from the Charity during either the Cu￿nI or previous year. No Trustee was reimbursed expendiluw during either the Currsnt or previrjus yèar. -26- Thornage Hall Independent Living Limited Company LimFted by Guarantee Notes to the financial statements (¢ortllnu¢o) Year ended 31 March 2025 16. Tanglble f￿•d ass•t8 Assets Mtstor Residèntial under con- vehicles equipment tru¢tion Land and AgrÉcultural bulldings machinery Total Cost Al l Apr 2024 Addi110115 Disposals Transfers 4,465,786 3fj6.972 145,172 3,720 12,4711 S7,236 221,978 65,000 4,930,170 929,317 (2,471) 493,625 {21,69n 4,811.061 21,697 At 31 Mar 2028 146,421 97,236 286,976 515,322 5.857,016 Depr•¢latton At 1 Apr 2024 Charg8 for the yè8r Disposals At 31 Mar 2025 1.906,198 138,675 24,726 197,593 2.267,192 115.677 2.545 12.4251 138,795 18,127 23.125 159,474 12,4251 2,424,241 2,021,875 42,853 220.718 Carrying amount At 31 Mar 2025 2,789,186 7.626 54,383 66,258 24,383 515,322 3,432,775 2.662,978 Al 31 Mar 2024 2,559,588 6,497 72.510 Capitsl ¢ommttsnents 2025 2024 Contracted for but not prDvided for in the finalKi￿ stslements 862,280 304.536 17. In￿stments Listsd Inv•Btments Cost or valuation Al 1 Apr 2024 Additions Other movements 158.345 (2251 158,120 At 31 Mar 2025 Impalrment At 1 Apr 2D24 and 31 Mar 2025 Carrying amount At 31 Mar 2025 158,120 At 31 Mar 2024 158,345 All investments shown above are held at valuation. 27- Thornage Hall Independent Living Limited Company Lirnited by Guarantee Notes to the financial statements l¢tytrtsntsedJ Year ended 31 March 2025 17. Investments (conllttuedj Financial a¥$&ts held at falr value The fair value of listed securities is delermlned by reference lo the quoted price for these assets in an 8¢tiV6 market at the balance Sheet date. Investmer5ts compri$e th8 following.. 2025 2024 Listed se¢urilies C8$h held for re-investment 155,776 157,953 392 158,120 158.345 18, Stocks 2025 2024 LNesto¢k 16,176 18,176 19. Debtorn 2025 2024 Trade debtors Prepayments and accwod income Other debtOTS 34.835 178.701 951 81.895 166.272 810 214,487 248,977 20. Creditors: Amounts falllng duè wlthln ono yèar 2025 2024 Trade crediloTS Accruals and deferred income Social sècurity and other taxes Other credi101s 97.440 75,500 38,554 81,692 46.803 42,116 3,722 174,333 211,494 21. D•f*rrnd In¢ome 2025 2024 Al 1 April 2024 Amount released to income 42,737 142,7371 At 31 P4Jarch 2025 Dèf&rred income comprise5 the advance re￿Ipl of Income in ￿Spect of eharttable acttvilie5. .28- Thornage Hall Independent Living Limited Company Limited by Guarante8 Notes to the financial statemenls I￿ntInU Year ended 31 March 2025 22. Pensivn$ and othor po$t r•tirgm•nt benefits Dgfined contribution plan$ The amount recognised in income or expen¢Jilure as an expense in relation to defined conlributlon plans was £70.89712024= £58,334). 23. Analysis of charitsblg fund$ Unre$trl¢ted funds At 1 Apr 2024 G#lns and At losses 31 Mar 2025 Income Expenditure Transfers Unrestricted funds Maintenance Fund Capital Projects Herb Gaiden Activitie$ Room Equipment Future Proiacts Sensory Room I Equipment All Purpose Sports Pitch IT & Photography Vehicles Day ServicB8 4.065,607 2.600,237 12,559,4041 385,000 834,￿3 I335,￿0) 12251 4.941,068 30,000 471 11431 328 3,287 131,OC¥) 13,2871 131.000 11.177 11.177 1.000 200 17.822 4.190 1,000 200 34.3S1 7,477 16,539 3,287 4,599.754 2,600,237 12.559,4041 516,249 1225) 5.156.611 At l Apr 2023 Gains and Al lossès 31 Mar 2024 Income Expenditure Transfers Unieslricted funds Maintenance Fund Capital Projects Herb Garden A¢livilies Rtsom Equiprnenl Future Projects Sensory Room I Equipment All Purpose Sports Pitch IT & Photography Vghi¢les Day Sorvsc¢$ 3,528,155 2,285.516 12,414,804) 250,OOCI 604,362 1,004 661.318 115,Of)O 1604,3621 5,422 4.￿.607 365,000 1533} 471 3,287 246.000 3,287 131,000 1115.0001 11.177 11,177 1,tMJO 200 6,734 1,000 200 17,822 4,190 5.422 4,599,754 11,088 4,190 72.234 4.651,919 2.285.516 12,415.3371 -29- Thornage Hall Independent Llvlng Limited Company Limited by Guarantee Notes to the financial statements fconlTnued) Year ended 31 March 2025 23. An8lysi$ of ¢harltable funds (contlnue The maintenance lund was created following the completion of a detailed condition survey which has led to 8 planned fivo year maintenance prograrn. Significant mainlenan¢e has been carried out over the initial planned ppiiod and improvements lo lenanl facilities to ¢rèatè a high standard of accommodation across the communty. The balance of Ihe funds h3$ been dèsignèd towards the next period of plann8d mainlenan¢e and lo in¢lude the reconfiguration of the Hall, grade 2 li51ed building lo upgrade and create en-suite facililies foT those existing tènants. The reconfiguration of the Hall wa8 ndertaken during the year with capital expenditure of £335,000 bein9 transferred lo the GeneTal fund. In the prewous year a transfer of £115,000 was made lo the Tllaintenance fund from the future projects fund. Capital projects~ In the previous year an amount of £15,227 was transferred froTll Ihg General fund towards Ihe future build of Orchard Lodge, while planning costs of £21,697 were capilalised. biinging the total designated lund to £367.892. The Truslees a9reod lo transfer the remaining £367.892 into unrestricted funds to boost free reserves, after the capital appeal was more succe55ful than antieipated. It was previously acknowledged by the Trustees th81 there was a need for the investment in 5uilable offi¢9 space for the expanding central staffing parti¢ularfy during the pandemic lo ensure IPC protocol can be maintsined across thè community now and into thè futLhrè. The extension of the existing central office space was ¢ompleled during 2024 with capital expenditure (trf £230,000 being transferred to the General fund. The fot81 tiansfers from thè fund in the previous year a¥nounled to £604.362. No movement on the fund has taken pla¢e in the currerjl year. Dgnalions received have been allocated to the herb garden fund to raplace the existsng garden with a raised hetb g8rden to alltsw for greater accessibility. A transfer of £143 has been made lo th? General fund in the Gurrenl year in rÈlation to the overspend againsl the 2C124125 herb btKlgQt. The Activities Room Equipment fund been ¢ro81od to 8quip the activities room GregDiie5 The remaining balance of £3.287 on the fund ha$ been transferred to the Day Service8 fund. The Fuluro Pri4ects fund was set up following Ihe receipt of a gènèrous 18gacy towards future new projects. This is lo indude the conversion of an existing fami building lo ¢reate additional indoor workshop space. This need was idèntified as a result of Cowd and the negd lo offw additional indoor workshop capacity. A transfer tsf £115,000 was made Irom the Future Projects fund to tho maintenance fund during the prewous year. Donations re¢eived have been allocated towards a Sensory Room and related ¢quipment. Funds have been de8ignaled for thg creation ()f 8n All Purpose Sports Pitch. Donations received have been allocated lowaril8 the purchase of IT and pholography equipmenl. Gèneral fund donations ￿ceiVed have been designated towards the replacement of vehicles. Further funds Of £16,53912024". £11.0881 havè bean transferred from the General fund during the year. A transfer of £4,190 was made from the Gener81 Fund l¢>wards Day Services in the previou$ year, with the balance of £3,287 being Iransferfed from the Activities Room Equipment fund in the curronl year. The funds will be pul towards the creation of a covered walkway. The Gener81 Fund comprises of the surplusldeficil on the income wnning ¢OSts of the chariWs activities, plLJS donations and bank intérest. -30- Thornage Hall Independent Living Limlted Company Limited by Guarantee Notes to the financial statements (continued) Year ended 31 March 2026 23. Analysls of charltable fvnds (conllnu•d) Re$trlcted funds At 1 Apr 2024 Gains and At losses 31 Mar 2025 In￿rne Expenditure Transfers Orchard L¢dge Day ServTces Equipment HM Memorial Land Tenant I Soa81 Fund Staff Fund Vehicles Markèt Su5tain8bility and Improvemenl Fund Hall Refurbishment Extension of Servicps Minibus First Aid Equipment 902.474 480.760 {493.625) 889,609 125 3.400 125 17.810 20,650 (6,240) 1,205 2.748 4.228 1.205 2,100 4.226 3,660 14,308) 10,290 6,500 10,CM)O {6.1661 (12.6241 {10.0001 10,000 6,000 10.000 6.000 287 287 924.468 539.857 (16,7141 1516,249) 931,362 Al 1 Apr 2023 Gains and At losses 31 Mar 2024 IncoTne Expenditure Transf&rs Orchard Lodge Day Services Equipmènt HM Memorial Land Tenant I Social Fund Stsff Fund Vehicles Market Sustainability ond Improv¢menl Futid Hall Refurbishment Extension of Services Minibus First Aid Equipment 517.774 384.700 902,474 2,336 125 6,842 2.105 14,441) 12S 3,400 13,442) 1.205 1.726 45.460 1,205 2,748 4,226 3.975 31,000 12.9531 172.2341 34,500 {24.2101 10,290 575,468 456,280 135,046) 172,2341 924,468 31- Thornage Hall Independent Living Limited Company Limit8d by Guarantee Notes to the financial statements feontinued) Year endèd 31 March 2025 23. Anatysis of eharltablè funds (corJll*yuedl Donations have been Prowded toward5 the planned capital works for Orchard Lodge. Following thè commèncemènt of building work capital expenditure of £493,625 was incurred and transferred lo the GerTreral fund. Donations were re¢eived In p￿￿0￿$ years lowaTds day 5ervi¢e equipmènt. During the previous year fund5 of £4,441 were used ILI purchase ¢quipmenl. Donations were received for a memorial b¢n¢h for a fomier tenant. Thi5 will ￿ purchaséd on completion of the herb garden. Donations have bèèn rècèived and towards expenditure lo be in¢urred in relation to the fand. During Ihe year funds of £6.240 have been expended. Donations have been received from tenant families lo support the purchase of suitable outdoor equipmant to support family visits which out ol necessity had to take place outside of the homè du8 to Cowd. Donation$ have been ￿e@￿Ved from tenant familie5 lo exp￿$9 their gratitudè towards the staffing team. Donations were received in prewous years towards replacement vehicles. Funds of £72,234 were uséd to purchaso vehicles for the Charty in the previous year with a transfer in relation lo the capit81 expenditurè being made to the General Fund. Funding has been rècèived from the Norfolk County Coullcil Market Sustsinability and lrnprovement Fund towards the cost of making tangible irnprovemen15 10 adult social ca￿, in particular to build capacity and improve market 5uslainability. Donations have been received during the year toward¥ the relurbishment of Thomage Hall, this was ndèrtakèn during thè y83r with capital expenditure of £10,ODO being incurred and transferred lo the General Fund. Donations have been received during the year towards the Ext8nsion of Services 8nd particularly the provision of Day SeNces during the we8kends. Donations have beèn received during the year Iowafds the PUTchase of a minibus. Donations hav8 been received during thè year lowaTds the purthase of first aid equipment. -32- Thornage Hall Independent Living Limited Company LFmited by Guarantee Notes to the flnanclal statements fcOnUn(￿￿) Year ended 31 March 2025 24. Analysls of nèt assèts be￿een fund$ Y8ar 8nded 31 March 2025 Tangible frxed assets Investments Nel current assets Total Rastricted Incomg Fund$ Orchard Lodge HM MemorÉal Land Tenant I Soci81 Fund Staff Fund Vehicles Extènsion of Servicos Minibus Flrst Aid Equlpmenl 889,609 125 17,810 1,205 2,100 4,226 10,000 6,000 287 889,609 125 17,810 1,205 2,100 4.226 10,000 6.OOf) 287 931,362 931.362 Unr¢$trlcted Incoma Fund$ Designated Funds General Funds 215,543 215,543 1,35cI.173 4,941,068 1,565,716 2,497.078 8,067,973 3,432,775 158,120 3.432,775 158,120 5,156.611 3,432.775 158.120 Year onded 31 March 2024 Tangible fixed asset5 Net current assets Inveslrnenls Total Restrfcted Income Funds OrchaTd Lodge HM Memorial Land Tenant I Social Fund staff Fund Vehicles Mark81 Sustainability and lrnprovemenl Fund 902.474 125 3.400 1,205 2.748 4,226 902,474 125 3,400 1,205 2,748 4,226 10,290 924,468 10.290 924.468 Unrestrictsd Income Funds Designated Funds Gentsral Funds 534,147 534,147 1.244,284 4.065.607 2,662,978 2,662,978 158,345 158,345 1,778,431 4,599,754 2,682.978 156,345 2,702,899 5,524.222 -33- Thornage Hall Independent Living Limited Company Limited by Guarantee Noles to the financial statements (conlthu¢dJ Year ended 31 March 2025 25. Analysis of change$ in n8t debt At At 1 Apr 2024 Cash flows 31 Mar 2025 Cash at bank and in hand 2.612,079 (134.1701 2,477,909 26. Rglatsd partlÈ8 Unrestricted dtsnalions amounting to £Nil12024'. £4051 were re¢ewed from Trust88S. Durin9 the year a close family membér of J A Manser la Trustee of the Charity until 25 February 2025} provided ¢onsLJltancy service5 to the Chaiily lotalling £3,250 12024.. £4,250) with no balance oulstandinu at eithar the current or previous yBar end. 34-