Company rcgistration number: 868461 Charity rcgistration number: 307023 Nutley Hall (A company limiied by guaraniee) Annual Report and Audited Financial Ststements for the Year Ended 31 Marth 2024 Manningtons Statutory Auditor 39 High Street Battle East Sussex TN33 OEE Nutley Hall Contents Rcference and Administrative Details Stratrgic Rcpxt 2to5 Trnstees, Rwt 6tolO S￿lement of Tnlstttg Rcsponsibilities Indep￿dent Auditorg Report 12to15 Sthkncnt of Financial Aaivitics 16to17 Balance Sheet 18 SthiemcTrt of Cash Fli)vn 19 Notes ￿ the Financial Statements 20to35 Nutley Hall Reference and AdMIn￿tratiVe Delaib Cblef Exetutlv¢ Offleer Tru5ttts H Comp PBI M Albath G Brid8e Y D¢115Pry8 R A cro%￿£T G Mtdhurst Sttretary H Comp50n Charlty Reglstratlon Number 307023 Compgny Re8lstr*tlon Number 868461 The tharity is inc(*ptratrd in England nnd Walu. Nuilcy Hall Nutley Uckfield East Susxx TN22 3NJ Reglstered Offlte Audllor Mannin8kns Stalutory Auditty 39 High Strtti Ba((le East Suss¢x TN33 OEE Banke Barclays Bank pl¢ Leiccstrrshirc Leic&8ier LE87 2BB Pa8e I Nutley Hall Strategic Report for the Year Ended 31 March 2024 lThe trusLee& itho are directors for the purposes of ￿rnpany laiv, pr&sent th¢ir strategic re￿rt for the year ended 31 Marth 2024, in compliance with s414C ofthc Companies Aci 2006. Achlevements and performan¢¢ The pcriod under rthiiew ￿S markal by continued slability for Nutley Hall. The provision of hi8h quality holisli person ¢cn*red carc for the r&sidents continued throughout 2023-24 dwilc challenges relat￿ ￿ 5i8nificant L7)St￿r-I]v1n8 increase5 and sector-wide staff shorlagos. The number of residcnts remainejj steady - we are fjjll to upacily (33 residents} with regular inter&st from prospective residents. F¢edba¢k from re5idcnW famili&8, external professionals and sthff was consistently positive. We have not had a CQC inspection since 2020, but monthly remote revieiving up unlil July 2023 indicated th* the￿ Mgs no need ￿ reassess our ¢urrent"8ood- ratin& We successfully implementrd a comprehensive slte development and maintcnanL% program, focusin8 on enhancing Ihe facilities to ￿ller serve the Community. This included upgradin8 of paths. a solar PV installation in Tall Timtw& improving firc Saf￿Y, refvrbishing residents, facilitie& creating additional storage space in the basement of Ihc main house, and more recently a SUbS￿nti8] Inv￿(Ment in refurbishing the exterior of Main House (Ixlili in 1882). AIK)Ut £200.000 w&s spent on sile-improvements during this period. Aclivilies iK)th on and off-sile provided the residents with rich. meaningfvl and varied expcriences. Throughout the ii'eek thcy acc&ssed the folloiiing craft ￿￿rkShOps. Mravery. candles and basket making. baktty, our ivoodland project, herb processin8, gardening and. as of this year, potlery. In addition, we provide regular sessions of music (Ix)th in groups and individual therapy sessions). dram4 singin& and movement. Last year we also introducal a college class, aiming io support residents with their literacy and numeracy ski115 as Nrll as connecting them to our local history and geography. Ar¢ massag¢ and eurythmy iherapics also remain an important part of our offering. Residents Mtr¢ able to acccss local towns lor leisure actii'ities. Personalised summer holidays were organised in ltsly, Bath, Cambridge and (he Sussex coast. Several successfvl and well attended comrnunity events took plac4 including a cornmunity walk, fri&)d5 and family meeting, Chrisun&s theatre production and garden party. The events gave the resident& their farnilie& and friends the opportunity to socialise and to strengthen the faiYic of the community. Recruitment of stair and volunteers from oversees has become more onerous and costly due ￿ the impact ol. 8overnmen¢ policy. However, as an A rawd licensed sponsor. we were able to obtain all the neC￿sary permits to cnsure our st&ffing requirements were mel. We also continued to facilita* a sUC¢w￿l one-year placement by a group ol"youn8 volunteer.% from Germany. The stalr training program continucd to offer stsff a sound base of knomledge for their ￿trk. All new care staff compleled ihe "Care Certificaie". In addition to the mandaiory training completed by relevani stsff, we also focused beswke training in areas such as holistic care, art thcrapy.. comrnunicati(m skill& mcn&l health, crafts & rviilienLe. Comprehensiv¢ educ&lion and training of stalT is a seccmdary aim of the Charity which (thr developin8 greater understsmding and professionalism) is of direci benefit to the r&sidents' it olKJ has a broader publiL benefit of providin8 training for staff who may later tske their skills elseHthere in social care work or related rields. Page 2 Nutley Hall Strategie Report for the Year Ended 31 March 2024 GoveTnance and management issues wtre continually reviewed and devel(ycd with attrndan(% at relevant seminars and workshops. This included a training day fv all trustee4 with a f(Kus on new guidelines by the tharity ¢ommis5ion. We held our AGM whith was well-attendcd by Membus of the Charity including members of residents, families, friends and people in the wider I¢￿] community. Events for Intemati(mal community service volunteers, sthool pupils ￿ Ktial prartice and young trainees with learning disabilitiLq gaining practi￿1 wwk experi¢nK wtte all hL*d by Nutley Hall. Orchard House rontinued to offer its space for a rith ￿ltural progrry hosting many perfomwices concerts. pla￿ and community events. All wve thoroughly enjoyed nc( only by the a)mmunity bui very ollen also by the artiSLS thejnselves. Art brought also a bridging geslure to the Icul community. with sev¢rdl perfomiances by students of I￿al SCh￿IS and cdleges. All the￿ Ydrious activities have helped to advance aiL Lwltur¢ and community develqyment Ixth for the direct bcncficiari¢s and f￿ wider l(ra] c4)mmunitie& Keyfinancialperfornmftceindicats Unit 2024 31.10 95.80 2023 9.47 93.70 Net Surplus Percentage of Fee Inccqne Perccntsge of directly attributable exp￿se5 to fre inc(Ane FlnAnelal review During the financial year ending Marth 31, 2024, Nurley Hall d￿n￿Strated strong financial stability. ensuring the ¢￿tinuity and quality of care for our r@siden￿ Dwite the challenges p(sed by the broader health and S￿la1 care landscap< we maintained a rolyjst financial position. underscoring our commitment to re4>onsible management and IMg-tm sustainability. Our primary revenue sources increa5al through¢Jrt the year. Income from Residents. fec5 increasal by 14.ly bringing the t(rtal income from ftts to £1083,561. We were fortunate to receive a generous legacy of £521,657 from The Jean iAnberg TrusL As a result of this legacy and the increase in runi4Yparties and cuthmers. Llqulrflty In order to mainloin liquidity to ensure sufficient fvnds Are availaE4e for ongoin8 operations and futur¢ developments. the charity ensurcs ddAors are reviewed and managed re8ularly. li8h¢ operati(m of bud8Ctin8 and expenditure is operated. and regular reviews of L￿k acLXKmt bolan￿5 are undcrtoken. Dlsclosure ofinforniadon to audlior Each trustee has tsken steps thry ought ￿ have tsk¢n as a trumee in order ￿ make themsclvcs aware of any relevanl audii infom1￿1￿ and io establish (h& ihe charitys auditr( is aware of that infomation. The trustees confirm that (herc is no relevant informati(m they knom of and of ilthich they know the auditor is unaware. Pa8c 10 Nutley Hall Statement of Trustees, Responsibilities The trusiecs (who arc also the direclors of Nuiley Hall for the purposes of company law) arc respon5iblc for preparing the Iru5ttts' report and lhe financial slatcrnents in accordance wih applicable law and United Kingdom Accounting Siandards Iunited Kingd￿￿ Gen¢rally Accepted Accounting Prathice). includin8 FRS 102 "Th¢ Financial Rcporting Standard applicable in the UK and Rcpublic of Irelind" Company law r￿u]r¢S Ihe Iruslees to prepare financial siaiements for ea¢h financial ycar. Undcr company law ihe trustees must not approvc Ihc financial statements unless they are satisfied that they 8iiic a Irue and fair view of ilie slate of affairs of the Charitsble company and of ihe incoming resources und application of resourc￿. including ils income and expenditu￿ of thc charitsble company for that period. In preparing Ihese financial slatcments, iliL' truslees are requireA to: select suitable a¢countin8 policies and apply them consistently: observe the Meth￿ and principles in the Charitie5 SORP; make jud8ements and ￿1]Ma{cS that are reftsl￿able and prudent; stalc whethLY appIl￿ble decl￿nI]ng Standards. comprisin8 FRS 102 have been followed, subJC￿ io any maierial d¢partur¢s disclosed and explaintsj in the financial sla¢emen￿ and prepare the financial stat¢ments on ihe going concern basis unlGss it is inappropriate to presume that the charitable company H'ill con(inue in business. The tru5tee5 are responsible for keeping proper accounting records that can disclose with reasonable accuracy ol llny time thc financial position of ihe chariLqble company ond enable them to ensure that ihe financial slatemenLs comply Iviih the Companies Aci 2006. Tlicy are also responsible for safeguarding the a55ets ol" (hc charileblc company and hcnce for takin8 rcasonablc stcps for thc prevention and dctection of fraud and other irre8ularitiL8. The trustees arc rcsponsiblc for lh¢ mainienan¢c and inl¢grity of (he corporale and financial in formutlon included on the chorithble company's }￿b$ll¢. Legislation 8overnin8 the preparation and disseminati￿ of financial sla¢unents may dlffer from Ic8islalion in ¢xh¢r jurisdi¢¢ions. Approved by thctrustees ofthc ¢harilyon .................... and siBned on IL8 behalf ty: H Compson Trustee Pagell Nutley Hall Independent Auditor's Report to the Members of Nutley HAII Oplalon We have audiied the financial statements of Nutley Hall (the 'charity) for the year ended 31 Mardi 2024. which omprisc the Staiemenl of Financial Activities. Balance SheeL Stalement of Cash Flow5. and Notc5 lo the Financial statemen￿ includin8 a summary of significant accouniin8 policies. The financial reporting framework that has bcen applied in Iheir preparation is Uniwd Kin8dom Accounting Standards comprising Charities SORP - FRS 102 'The Financial Reporling Slandard applicable in the UK and Republic of Irdand, and applicable law (UniLed Kingdom Generally Accepted Accountin8 Practice). In our opinion the financial stalemcnts.. give a truc and fair view of the state of thc charitys affairs as at 31 March 2024 and of ils incomin8 resources and appIl￿tIon of resource& includin8 its income And expendilure, for the year then ended: hai'e been properly prepared in acc4)rdance with United Kingdom Gcncrally Acccmcd Accounting Practice. and have been prepared in accordan￿ with the requirements of the Companies Art 2006. B4sls for oplnlon WL. condu¢t¢d our audit in accordance ivtth Intmiational Standards on Audilin8 (UK) (ISAS (UK)) and applicable law. Our responsibilities under those s(andards are lurther described in Ihe auditor reS￿nsibIlItieS for the audit of IhL linancial 5La(¢menls section of our rcport. We ATC independent of the charily in acLyJrdance M'i(h the ethical requirements that ar¢ releiEnt to our audi¢ of thc financial statements in the UK, including ihe fRC's Eihi(¥l Standar& and we hui'c liilfilled our other ethical rc5ponsibilities in accordance ivith these requiremenls. We believ¢ Ihul Lhe audit evidcncc we have obtained is sufficienl and appropriate to provide a bASiS for our opinion. Coneluslons relatln£ to golng concern In audi¢in8 the finun¢ial s¢aicmenl& we hnvc concluded thal the trustee5 use of ihe 8oin8 concern basis of ￿￿untin8 in Ihc preparaiion ol. Lhe financial sla*menL8 is appropriai Bas'ed on the work M'e have performed, we h8v¢ nol identified any material uncertainties relatin8 to events or conditions IhuL individually or Collectively, may easi significant doubl on the choritys ability to con(inue as a 80in8 conLYrn lor a period of at least Iwelve months from when (he original financial Malements were authorisd for issue. Our responsibilities and the rc5ponsibililiu of the Irusiees with respect to 80ing ￿nCern are described in the relevanl s¢cliMs of this rewi. Other lllforma¢lon The trusiecs llre responsible for ihe thher informaiion, The other information comprises the information Includ￿ in thL 4nnual Ixh¢r than Ihe financial statements and our audiior's report thereon. Our opinion on the financial stuiemcnts does not cover the oiher information and. except to Ihe extenl otherwise explicitly stated in our repori we do noi expr¢ss any form of assur&n¢e conclusion thereon. In conncclion with our audit of the financial statements, our responsibility is to rcad the other inforniali(m and. in doing so, considLY whether the other information is materially inconsistcnl ihe financial sthtements or our knowledge olknined in (he audit or othenvise appears to Ix materially misslated. If we identify such material inconsislencies or apparent maLerial misstatem￿￿ we are required to determine wh￿her there is a materilll misstatemcnl in the financial statements or a material misstalement of the other inforniation. If, bosed on thc work ve have performed. conclude thai ihere is a material misstatement of this other inform#lion, we are requircd to rgp(rt ¢hai fart. Wc have nothin8 to report in thi5 re8ard. Pagc 12 Nutky Hall Independenl Audilorfs Report to tbe Members of Nutley Hall Oplnloth on other matter pres¢rlb¢d by tb¢ CompDles Act 20fy6 In IMr opinion, based on the ￿l¥k underlakffl in the (¥)UTSC of the audiL the information 8iven in the Strategic Rep)rt and Trustees, Rep￿ fLY the financial year for wttich th¢ financial 51atcments are prepard is consi5tenl with the financial Sta￿le￿I￿ and the Strategic Rcp(rt and Trustres, Rcp)rt have Lwi wq)arcd in acclxdance with applicable lesal rwiirements. Matter5 on wbleh we are requlred to report by exceptlon In the li8ht of knowled8e and understsndin8 of the charity and its environm￿1 obtsined in the course ot. the audiL have not id•)tifi¢d ma￿141 misstawn¢nts in the Straiegi¢ Repffj and th¢ Tn￿le￿, Rq)ort. We have nothin8 to rep)rt in respect of ihe followin8 matters *hcre the Companies Ad 2006 r¢quir(s us ¢0 rcpc*t to you if, in our opinion: adequale accountin8 records have not bcen kq)L or returns adequate fw (wr audit have not been rttcived from branches not visited by us" or the financial sla¢cm¢nlS arc not in agr￿￿1 with (h¢acc￿nI1n8 rccords and re(um& or certain discl(Ksures of trusttts remuneral1L￿ S[￿lfIed by law ar¢ n(4 madr, or we have no¢ recei%td all the inforniall￿ and explanaii(w we require for our audiL RespoMlbllltlo$ oftrnitees As explained morc fully in the Staiemcnl of Trusie¢< Re5[￿nsibilitieS (se¢ oul ￿ page I l). the irusteC5 arc responsible for the preparnt1(￿ of ihe financial staicfflL*ts and for bein8 Satisfied thai they 8ivc i irue and fair view. and for such intcrnal csJ)Irol as (he trustees d¢temin¢ is necessary io enable the prqmrdti(￿ or rinancial stathients that arc free from maicrial mi551atcmcnL whether due to fraud or err(r. In preparin8 the fin4n¢ial stslcmcn￿ the (rusiees orc reswisibie for assessin8 the tharit>ls abilily to a)niinue as a going concern. disclosin& as applicable. malters relaiLYJ to 80in8 concem and usin8 the 80in8 concLTn b8sis of accounting unless the I￿st￿$ either in¢ffid (o liquidate the tharily or io case opcrniion& ￿ hait no realistic alternative bui ￿ do so. Audltor responslbllltles far the 8ndll otthe flnanelal stslemethts Our objectives are to oltsin reasonable assurancr al￿1 whcthff the financial staiemcnts as a ￿01¢ are free frorn material rnisstatemeni whether due to fraud or em¥. and to issue ￿ auditor's rq)ort includ08 our opinion. Re&sonable &&8uranLr is a high levei of assuranc4 L￿t is noi a 8uarantee lh* an audit condurted in accordan￿ with ISAS (UK) will always detecl a m4¢erial missta*mcn¢ when il exists. Missiatements arise from fraud or crlor and are c4)nsidered malerial if. individually or in the aggrega￿ they could reasonably be eXp￿ted to influence ihc eCI￿OrniC decisions ofusers thken (fft the iwi5 of these financial The extent io whith (￿r procedures are ￿Pable of ddttlin8 irreguloriti& includin8 fraud is detaild klow. Page 13 Nutley Hall Independent Auditor's Report to the Members of Nutley Hall Th¢ dd¢LXion of fraud and irregularitits is a primary ¢(￿Siderati1)n of the audit plannin8 and is carrioj through ￿ the audit compleiion stag¢. A risk a5sessmeni and preliminary analytical review is undertaken ai the plannin8 Stage and of concern are then buili inio the audil Slralegy and testing to ensure sufficient procedures and evidence is O￿aINed io giv¢ comfort that material irre8ularitits and potential instsnces of fraud are detLYted where possible. 'rhe audit leam is briefed regarding any are&s or concern, the potential audit risks and o)nsequential impact. The audit trdm remained vigilant throughout their work and made enquir]￿ of key management and finance personnel IhroughouL Nutley Hall's key management and financE personnel were consulted on any known or susp breaches in laws and regulations along with misappropriation of funds at both the plannin8 and wmpldion stages of the audit. Due ¢￿)SIdera(lOn was given to the p055ible use of management override and this was built into our audit stralegy. The inilial risk assesment highlighled a pofential show Mopper being of non￿OmplIancc with the CQC. We already had ll copy of the latesi inspeLtion report from previous years audii dated November 2020 whi¢h was rnted 'G(XKI', no issues arose from Lh¢ rew)rl. Further testing confirms thai the CQC reviews data periodically through￿ul the year to see if an inspeciion is needed. The lasi r￿l¢W of the Charity was in July 2023, wthin this financial yearend no inspections considered necessary and no further actions to undertaken have been made apparenL The purpose of Ihe preliminary anAlytical review of the financial 51atements is to highlight any possible areas of concern to investigate wheiher the variance is experfcd or unexpecled, based on the inlormation obtained as part of the planning process and the current clirnate the charity is operaiin8 undtr. Relevant audii t¢>L8 had ihen be plannal kn obtain supry)rting docurnenlation to ensurc thal ihey are within the charitsble objectives and no misapproprialion ol" funds by ivay of frau(L or m155ta¢emen￿ Latest accounts disclosure check"lists available are also ompleted ￿ ensure ihe accounts comply with the latest repwting fram•4urk that is applicable to the ¢haritsble compan),. There ar¢ as￿ts ol. the audit which are delilxraÉely unpredictsble to wist in the detsciion of irregularitie4 such as varyin8 hrnv ive lest iterns ivhich arc more suscepiible to fraud year on year and by incorporaiing sYs￿matiC samplin8 over the p)pulations ￿ted. Ust of our report This rerKJrt is made solely lo (he charitable company's trustee4 &$ a body, in accordance wilh Chapter 3 of Part 16 of the Compani4g Aci 2006. Our audit work h&$ been undertskffl so that we might slate to the charitys trustees those molters we are requiral to state to them in an auditor's rep(Kt &nd for no other purpose. To the fullest extent permitled by lam,. Ive do not accept or a&sume responsibility io anyone other than the charitable L￿MpanY and its Irustees as a tx)dy, for our audit work, lor this repor4 or for the opinions we have formed. Page 14 Nutley Hall Independent Auditorfs Report to the Member8 of Nutley Hall R T K Walsh FCCA (Senior Statulory Auditsw) For and on bthalf of Mannin8ton& Sthwtixy Auditr 39 High Stre Battle East Sussex TN33 OEE Date:....a1.1..i.al.l&tr Page IS Nutley Hall Stalement of Flnancial Activitles for the Year Ended 31 March 2024 (Including Income and Expendlture Account and Statement of Total Recognlsed Gains and Losses) Total 2024 Unrestrlcted Rtstrle¢¢d Note Income and EndoT¥ments from: Donations and Grants Charitabl¢ athivitiC5 InveslmenL income 537,501 2,083,561 5,294 542.795 2,083,561 Total Income 2 639 901 2 645 312 Expendlture on: Charitable ULrtivilies Governon¢c cosls {1.976,1861 (8,268) (1.984.454) Total Expendilure Ncl incomcl(expendiiure) Na movement in fvnds 1.989.641 {8,268 1.997,909 650.260 647.403 650,260 {2,857) 647,403 ReeoDelllitlon of funds Tolal funds brou8ht foNryrd 'rowI funds cfjrri&l ttrward 2 016.815 287 993 2.304.808 18 2 667,075 285 136 2952211 The notcs on pa8cs 20 ￿ 35 form an integral part of thes¢ finan¢ial statements. Page 16 Nutley Hall Statement of Financial Activities for the Year Ended 31 March 2024 ncludiDg Income and Expenditure Account and StatemeDt of Total Recognised Gains gnd Total 2023 Unrostrltted Res￿ett￿ Income and Endomnents fr(Mn: Donations and Granls Charitabje activities Inv&8tment inLM)me 2.597 1,826,533 3,782 52.323 54,920 1.826,533 3,805 Totsl Income .832.912 ,885.258 Expenditure on: Charitstle activilics Govcmantt costs 11.691.590) (6.589) 11.698.179) Total Expenditure {1.705.546) (6,589 11.712.135} Nct incorne 127366 45.757 173.123 Nd movemenl in fvnds 127J66 45,757 173,123 Reci￿ri172tioA of funds Total fvnds i*ough¢ forn7rd 1.889.449 242.236 2.131.685 Total limds carrieAI f(Th7rd 18 2.016,815 287.993 2,304,808 All of the charit￿S activities derive from Lljntinuing op￿all(￿lS during the atKtyve ptriod& The funts brcakdown for 2024 and 2023 is sh￿vn in note 18. The notes on pages 20 to 35 f¢Th an inte￿1 of these financial Sthiemen Page 17 Nutky Hall (Registration number 868461) Balance Sheel as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets Investmen¢s 12 13 2,611,879 2.671.408 4.202 3.153.777 1675,610 Current assets Delknrs Cash ai iMnk and in hand 14 80,340 786.689 109,027 702 90 15 867.029 811,417 Cr¢ditor5: Amounts falllng due Y4ithln one year Net current assets 16 265.083) (211,090) 601.946 600,327 Total wets less current IlalAlltles 3.755,723 3,275,937 Creditors: Amounts falllng due after more than one ye*r Net assets 17 803,512 971 129 2,952,211 2.304.808 Funds of tbe cbarlty. Restrieted in¢owe funds Rcstricted funds 18 285,136 287,993 Unrestrleled Intome fuuds Unr¢striL1ul funds 2.667.075 2.016.815 Total fvnds 18 2.952.211 2.304.808 The financial statements on pages 16 to 35 wrre approved iy the tr11A￿ and authori*l for issue on and signed on their bthalfby: G Bridge Trustee The notts pa8&5 20 to 35 f(Ym an inteyal ￿￿rt of these financial swement& Pa8e 18 Nutley Hall Statement of Cash Flojvs for the Year Ended 31 March 2024 2024 2023 Note Cash flows from operatlng actlvltles Net cash income 647,403 173,123 Adjustments to cash flows from non-cash Items Depreciation Revaluation ofinv&8tments Loss ijn diswsal or rixed assets held for the charIt￿S own use 99.398 (21.283) 329 94,220 (208) 838 725,847 267,973 Working c2pltal adj￿tMentS Decreas&{increase) in deb￿rS Decrease in creditors 14 16 28.687 (63,720) (20.434) (72.245) NeL cash flows from operating a¢Livili¢s 690.814 175.294 Cash flows from Inv¢$dng a¢tlvltl¢s Purchase of tangible fixed assets Purchase ofinvestmenls 12 13 (40.198) 516413 (148,969) Net cad) flows from inveslin8 aclivities (556.611) (148.969) Cash flows from finan¢ing actlvlties Repayment of loAns and iK)rrowings Ne¢ increasel(decr¢as¢) in cash and cath equivalents 16 49.904 56.865) 84.299 (30,540) Cash and cash equivalents ai l April Cash and Cash equivalents at 31 March 702 390 732 930 786.689 702.390 All of ihe cash flows are dcrived from continuing operations during the aix)ve two pericKIs. The notes on pa8￿ 20 to 35 form an inte8Tr1 part of these financial SLat¢menL8. Page 19 Nutley Hall Notes to the Financial Statements for the Year Ended 31 March 2024 I Charlty Jtat The charity is limitttl by 8uar8nte< Inc(￿[￿led in England and Walcs. and c•Msequently d￿$ havc sharc capilal. Each of the ¢rustees is liable to ¢(￿triL￿* ￿ amount n(rt ￿Ceeding £1 knvards the of the chariiy in the evenl ol" liquidati￿. Thc addre&s of its re8iSterfAI office is: Nuilev Hall Nutley Uckfidd Eosl Susscx TN22 3NJ 2 Accountlng poll¢1¢4 Summary of slgnlflcaDt 4eeounllng pollcle5 and key *ttounllnz estlmates ThL princiFKI acc(wJnttng w￿l¢l¢S applied in (he preparntiL￿ of these financial statements are set out below.. These poli¢i¢s hav¢ E¢en c4)nsistently applied io all the years prcsmtal Unl￿ ¢xhenvise stathl. SIAtement of tompllamce Thc linancial staiements have becn preparol in acttYdanL% with ALX¥)untin8 and R¢w¢ing by Chari¢ies: S¢atemffl¢ of RLYomm¢nded Practice (appli¢abl¢ to charl11￿ preparing their accounts in a¢¢(Ydance with the Financial Repwtin8 Standard arn)licable in the UK and Republic of Ireland (FRS 102)) (issued in Oclokr 2019) - (Charities SORP IFRS 102)). (he Financial Reportin8 Standard applicable in th¢ UK and Republi¢ ol. Ir¢land (FRS 102) and the Companies 2006. Ba$ls of prepArAilon Nuiley Flall meets the definitirn of a public t¢nefil eniity under FRS 102. As%ts and liabilities are initially recoBnised ai historid cos( (Y ¢ransadi(m value unless ￿erWISe swted in the relevant accounting policy noles. Golng eoneern 'rhe irusiees consider that thcTC are no malerial un¢¢rtainiiL% thc tharitys abilily to LxJntinu¢ as a goin8 ¢on¢¢rn nor any si8nificant are&s of uncertainty tha( affect the Larrying value ofassets held by the tharity. Income and endowments All income is reco8nised I￿¢¢ the charity has entitlemtht ￿ Ihe inLY)ma li is wohble that the inLY)me will be received and the amount of the in¢omc r￿e1vable ian be measured reliably. Pa8e 20 Nutley Hall Notes to the Financial Statements for the Year Ended 31 March 2024 Dontlilons andlegacles Donations are reLognised ivhen the charity has been notified in WTiting of LK)th the amount and setilement dale. In the event that a donation is subjeci io conditions that require a level of perforniance by the charity ￿rore the charilv is cntitled to the funds, the income is deferred and not recognised until either those condition5 are liilly meL or the Ifilmenl of those conditions 15 wholly within the control of the charity and it is probable thai Ih¢se conditions 11411 be fulfilled in the reporting period. Legacy gifts are recognised on a case by case basis follomryng the grant of probate ￿1]en the administraiorlexe￿t0r for the &%tskie h&$ communicated in ￿rItIng FK)th the amount and sdtlernent date. In the thpent that the 8ili is in the form of an a55et other than cash or a financial asset traded on a recognised stock exchang4 recognition is subjeci the value of the gift being reliably measurable with a degrce of reasonable ac¢urao' and the title to the asset having been transferred to the chaiity. Grants receivable Grants are recognised when the churity has an entitlemenl to the funds and any conditions linkol to the grants hait been md. Where performance Conditions are attached to the 8ran¢ and are yet to be mcl. the income is recognised as a liability and inClud￿j on the balance sheet as deferred income ￿ be relwed. Inveslmeni Inco Inv&thent income comprises ofFrdnk interest and is reco8nised a receivable b35i& Charllable acilvliks Charitable income is for the provision of residenual care including education and craft activities for adults ￿'ith leamin8 disabilities. Otherlncome Other income is income received during the course of the year ihat is not related directly to its charitable athivilics. Expendlture All expenditure is reco8nised once there is a legal or constru¢¢ive obligalion lo that expenditur4 il is probable settlement is requir￿ and lh¢ amount can bc measured reliably. All costs are allocated to the applicable expenditure heading aggregate similar costs ￿ that category. Where costs cannot be directly a¢tributoJ to particular headings they have been allocaied on a basis consislent ivith the use of resource& with central costs allocated on the basis of time spenL and depreciation Char8￿ allocated on the porti￿ of the a&set's use. Othtr support costs are allocated based on the spread of statTwsts. Cht7rliable acilvllles Charitable expendilure comprisLs ihose costs incurred by ihe charity in the delivery of its aciivitics and servic&s for its beneficiarie5. It includes tK)ih costs that Lan Ee alloca*d dIre￿lY ￿ suth activities and those costs of an indireLt nature ncc¢ssary to supporl them. Governance costs Thcse in¢lude th¢ costs atiributable to ihc charity's compliance M4th con5ti¢utional and slatutory requirement& includin8 audil StraleBiC management and trustets meetings and reimiwrsed expense& Pagc21 Nutky Hall Notes to the Financial Statements for the Year Ended 31 March 2024 Government grants Governmeni grants are reL7)8nised iHsed on the acLTual model and are measured at the fair value of the assel re￿Ived or receivablL Grants are dassified as rdating eithff io revenue or to assets. Grants relatin8 to revenue are recognised in income over Ihe rwi(MJ in which the relat￿ costs are rwnised. Grants relaiing to assets are recogni5ed over the expected usefvl life of the asseL Wh￿e of a grant rdating lo an asset is defttr¢d, il is reco8nised as deferred in￿￿¢. TaxitioD The chariiy is cCKAsid￿cd to pass Ihe (Lsts sci oul in Paragra￿ I Schedule 6 of the Fifian￿ Ad 2010 and therefore it meets the definition of a ¢harithEle company for UK corFMxati4M tax pur￿)seS. Accordin8ly, the charity is potentially exempl Ir(Th laxati(￿ in respeci of incorne ￿ capilal 8ains received Mithin categories covtr¢d by Chapttr 3 Part I I of the CorrKJrati(m Tax Act 2010 or Seaion 256 of the Taxatim of Chargeable Gains 1992. to the exttht ih such inciwne or gains are applied exclusiTrfdy to charitsile purpL TAnglbk fixed assets Individual fixed assets costing £250 or rnore are initially rea)rd￿ al LThL less any suiwuen( a¢cumulaiql depreciatiC￿ and subsequent accumulatal impa1￿¢ThI losses. Depretlxtlon and amortisation Depreci￿1(￿ is provided on tangible fixed assets so as to Mrite oftT the Lxjst Lf valuation. less any e5timaied re5idua] value. oirr thebr expthd useful C¢(￿1￿￿1C life as follows: Assel elAss Land and t￿lIdIngS Improvements lincludoj under Land and Imildings) Furniture and equipment Motor Vehides Depreci8doD method rAt¢ Strni8hi linc over 50 years 3% and 20% straighi line reducing balance 20% redueing ixlance Flxed asset Investments rixcd a5sel inve51rnen￿ other than programme rdaied Investhien￿ arc included ai rnarkeL value at the Ixlance shee¢ date. Realised gains and losses on investhients are ￿1￿lated as the difference betwren sales proceeds and their markd value ai the siart of ihe year. lx their sutwuent co& and are Charg￿ or credited to the SLqtemeni of Financial Activitiorting dale. It" there is an unconditional right to defer settlement for at least tivelve months after the re￿rtIng date, they are presented as non￿Urrent liabilitics. Borrowlngs Intercs¢-bcarin8 ix)rrowings are initially recorded at fair value, net of transacliOII COSLg. Intcrcst-bearing borrowings are subsequently carricd at amortised cosL with the difference between the procee(ts. net oftransaction cosi& and the amount due on redernption being recognised as a charge to the Statement of Financial Activities over the period or the relevani knrrowing. Intffest expense is recognised on the iwis of the effective interesi method and is includol in inter&st payable and similar char8CS. Borrowings are classified as current liabiliiies unless the charity has an uncondili(maI right ￿ defer settlement ofthe liability for at le4st twelve months alier the re￿rtIng dale. Forelgn exehange Transactions in foreign Currenc1￿ are recorded ai the rate of exchange at ihe date of the transaclion. Mon￿ary assc and liabilities denominated in forei8n ¢urren¢its at the balance shed dale arc reported at Ihe rate5 of exchange prevailing at that date. Other exchange differences are re¢ognised in the slatement of financial activiti&¥ in ihc period in which ihey arise exccpt for: l) exchange differences arisin8 on 8ains or losses on non-moneiary items which are recognised in other comprchensivc inwme and expenditure. Fund $truetsr¢ Unrestricled income funds are general ￿ndS th* are available for use al the (rustees discretion in fvrtheranLY of ihc objecti￿5 of ihe charity. R£8tricted income funds are those donated for use in a particular area or for spe¢ilic purrn. the use ol. Mthich is re5trithcd to ihat area or purpose. Page 23 Nutley Hall Notes to the WIDancial Statements for the Year Ended 31 March 2024 Penslow and other post redrement obligations The chariiy is part of the Mercury Provid￿1 Pension Schem4 Mthith ts a defined benefit sd)eme and a colleciive sdieme for a number of employers. Because of the large numiKr of particiixtin8 pJnployers and the variay of financial rcporting date4 it h&s not ixen d￿ned praaicable or finan¢i81ty viable to w￿uCe the inforniali(n necessary ts) allow participating employers lo C4xnply fvlly with the requiranents of Finanaal Rep)rtin8 Sthndard 17. The p￿Slon costs chargol in the financial sthtements therefore rq)resen( the C(￿tri￿110nS rAyable by the tharity during the year up until transiuonal adjustment made in 2017 annual accounts res¢a¢ing comparaiives by aca)unlin8 for Nutley Hall's share of the deficil as a cos( and liability. In future all ann￿1 contriiwiions will de(Tea5e the deficit up until the next triennal acturial valuati(m due as at 21 D￿ernber 2024 where the C(ffre￿¢d valuc movcment will be exyensed or incomed in the financial Statemen￿ Lo bring the liability in line with the latest valuats(m. Nuiley Hall is meeting its obliwions with regards to the MPPS aLYording to the paymeni schedul& Based on the mosl L￿rr￿1 valuati(fft the deficit is due to be fully funded at 2033. In betwe￿ valuation$ the (kficit is usually reviewed annualty a8ainst LvrospondenLX received and CUrr￿t economi¢ Climate and adjusted in the same if considered appriwi*c Whilst awai(ing the next Triennial acluarial valuation Nutley Hall is tsking Ihe prudent appr(Mth of the curmt value since the last review les5 payments due made. rdther than adjusting the liability to interim fore￿St The lat&st ¢riennial acluarial valuati(m as ai 20 December 2021 shows a scheme defieit of £9,596 milliffj. Pension scheme a55ets are valued at fair valu¢ ai the valuati(m dak P¢nsi(m liabilitie5 are measured on an actuarial basis using the projec*d unil mL*hThl and are dlscounied to their present valuL The sdi¢me trusiecs and particiwing employers decided io close the stheme to further benefit acen￿l on 31 December 2008, and liilure Contril￿ti￿ levels H411 ix 01￿lated 50 as to eliminate the scheme deficit over an agreed period. To replaff thi5 stheme the charity h&$ set up a dcfincd CThitribjti￿ p￿$1￿ stheme fw wthidi all staff ¥e eligibl& The pension costs charged in the financial statanenLS repre￿( the ¢￿trIl￿tionS payable by the charity during the Flnanelal IDstnunents C1￿51]ICatIoN Financial assets and financial liabililias are recogni3￿ the tharity b￿¢$ a party ￿ th¢ contrddual provisions of the insirumenL Financial liabilities and equity in5trurncnts are dassified acLX)rding lo the su￿tanCe of the contractual arrangements enlercd inlo. An equiry insin]ment is any contrad that evidenLYS a residual ift￿ in the &ssets of the charity after deducting all of its liabilili Page 24 Nutley Hall Notes to the Financial StatemeDts for the Year Ended 31 March 2024 Recognltlon and N￿aSUreMe All financial asscts and liabiliuts are inilially mcasured at transacti(￿ price (including transacti￿ o)sts). Licept for those financial assets classified as at fair value thr￿ wofil or lo￿, Mthich are initially mcasured at fair i'alue (Mthich is nonnally the transactiffl price excluding transacti(m Ujsts). unless the arrangement constitutes a financin8 transactirn. If an arran8anerit constitules a financing transaai(¥J. the financial assd or financial liability is rneasured at the pr&4ent value of the future pavments disLM)unied at a markd r* of for a similar dd)t instrumfflL Financial assets and liabililie5 are (￿TY offset in the slaluncnt of financfftal wsilion then, and only iithen there exists a le88lly enforceable righ¢ to sd off the rewised amounts and the charily intends either to settle on a basis. or to realise the asset and settle the liability simultaneouslv. Financial assets are derewised and (thly ivhrn 8) the LThtractual rights ￿ the L￿h flows from the financial asset cxpirc cr are setiled, b) the charily transfus lo anothu party substantially all of the risks and rewdrd5 of ON￿ershIP of the financial asseL or c) the charity, despite havins rdainal som< but not all. signifiL￿1 risks and rewdrds of Ownershi￿ h&s transfeTred o)ntrol of thc asset ￿ *Th￿h￿ party. Financial liabilities are dereco8nisd only the obligati(m specificd in the contraLX is disthllrgal cancclled ur expires. Inveslments Investrnents in nOn￿¥)nVertiblc prcference sharEs and nonyUaNe ordinary ¢x prefcrence shares (ivhere sharcs are publiLly traded or thcir fair value is rdiably measurable) are measured ai fair value through profit or loss. Where fair value annot be measured reliably, investments are measured a¢ o)st less impairnithL Fair value nwasuremenl The beA evTdence of fair value is a quoted price for an identid asset in an active markd. Whcn quo*d price5 are unavailabl< the price of a recent trdnsacti(m for an identid asset provides evidence of fair value as long as there has not F*en a si8nificanl thange in ecimomic clrcurnstsnc￿ or a Signifi￿1( lapse of time since ihe transaction L(K)k Pla￿ If the markd is not aLXive and reLYnt transaLli(ms of an identi(zl assd cm their own arc not a good estim*¢ of fair value, the fair valuc is cstima(cd by usin8 a Valuati￿ t¢thniqu¢ Pagc 25 Nutky Hall Notes to the Financial Statements for the Year Ended 31 March 2024 Judgemellts DelerminaLion of ￿thether there are indicat(ffs of impairnialt of the Charitys tangible assets. Factors tsken into Lyjnsideration in reathing such a decision include the ec(thomic viability and eXp￿ted ￿t￿re financial performanc¢ ofthe assei. Kty sources of estlma¢hJ uncertalnty Tangible fixed assets are deWec1a￿d over their use￿1 liie5 ¢ak"in8 into aeL￿nI r<8idual v•lue4 ￿ere appropriat Thc actual lives of the as%ts and residual values are assessed annually and may Ydry de￿dIng on a number or fac¢ws. In re-a&sLssin8 asset liv￿ factors suth as technologiL21 innovati(ffi. life cycles and mainienan proBramm&s are inlo account. Rc5idual value assessments consider i&w&s suth &$ futhre markd conditions the remaining lite ol'the asset and proieLxed dispM)5al values. The carrying amount is 4611.679 (2023 -£2,671,408). The recoverability of delrts is reviewed by managemfnt and a provisi￿ is made imsed on all the infonnation available. The carrying amount is £4,78012023 44.780). 3 Intome from donatlons and leydcks Unre5trleted funds General Totsl Tot 2023 Donations and legacie5' Donations from individuals Legacies Gran1& including capital gran Government grants 2.065 521.657 5294 7,359 521.657 52,368 13,779 537,501 5.294 542.795 54.920 4 Income from ebarltabk at¢ivi¢ies Unrestrictsl Totsl 2024 Totsl 2023 GeDernl R¢sideniial h(The and aaivities 2,083.561 2,083,561 1,826,533 Page 26 Nutley Hall Notes to the FinAncial Statements for the Year Ended 31 March 2024 5 Investment Ineome UnrestrScted funds Gener*1 ReJtrl¢ted Totsl 2024 Total 2023 Interest receivable and simi18r incom Inieres( receivable on bank dekx)sits Other income from fixed assd inKstments 18.649 18.766 3.727 78 18.839 18,956 6 Expendl¢llre on cbirltAble attlvld Unrestrlcted fun Genenl Rethrt¢d fands Tothl 2024 Total 2023 Note RL%idcntial home and activilies Depreciation. am0rtisa1i￿ and other similar costs Sioff costs Govemanec costs 720,445 671 721.116 544,981 92,030 1,163,711 13,455 7.597 99,627 1.163,711 95.058 1.058.140 1989 641 712 135 In additi(￿ ￿ the expenditure annlyscd aknve. there are also 8overnanLY costs of £13.455 (2023 - £13.956) ￿h•Ch relate directly to charithile aaivi(ies. Stt n(Ae 7 for fvrther details. Pa8e 27 Nlltley Hall Noles to the Financial Statements for the Year Ended 31 March 2024 7 Analysts of governanee and support costs Governan¢¢ eosts Unrestrlcted nds General Total 2024 Totxl 2023 Audit fees Audit of the financial s￿￿ments Other fees paid ￿ auditors Legal fees 6.200 1.900 6,200 ,900 6.150 2.766 5.040 13.455 13,455 13.956 8 Net Ineomingloutgolng rtsourees N¢t incoming resour￿ for the year include: 2024 2023 Audii fLCS Loss on disposal or rixed assets held for the charitys own use Dcpreciaiion of lixed assets 6.200 229 99,398 6,150 838 94.220 9 Trustees rtmuneratlon and expenses Durifis the year the charity made the follo￿￿n8 transactions with trusleLS: No remuneralion was paid to the trustees for their services as trustees, however travel expenscs are claimed by one trustee dui 10 the distance of travel Undertak￿ to attend trusitts meeting& Remuneration of £84,889 (2023 £62,027) was the total cost of I trustee for their emplo)ryn¢nl chiet" executive officer Includ￿ in staff costs. as authorisul by the memorandum of &*sociation. They are now acffliing benefits under the rq)lacement money purchase schcm Page 28 Nutley Hall Notes to the Ffinantlal Statements for the Year Ended 31 March 2024 10 Stsff eosts The aggregate payroll costs were as follows: 21)24 2023 Staff ¢rfJsts durlng the year wer¢: Wages and salaries Social security costs Pension costs Other staft eOSL8 980,171 70.512 23,978 89.050 916,006 65,295 25,584 51.255 1.163.711 1.058.140 The monthly average number of pcrson5 (including Senior managemffli I leadttship team) employed by ilie charitv durin8 the year expr&8sed as full time equivalents was ￿ follows: 2024 2013 Care Staff Administrdti¢Jn 43 43 46 46 The totsl remuneration of key managfflicnt for the year w4s £173,093 (2023 - £123,923) and no expenses were reirnbursed in eith￿ year. The number of employees whos¢ emoluments fell within the following bands was: 2024 2023 No £60,001- £70,000 £80,001- £90,OIX) 11 Taxatlon The charity is a registercd charity and is therefore exempt from corporati(￿ Tax. Page 29 Nutley Hall Notes to the Finaneial Statements for the Year Ended 31 March 2024 12 Tangible Ilxed assets L4nd and bulldlngs Furniture aud equipment Motor vehicle5 Total Cost At l April 20?3 Additions Disposols 4,012,318 23,017 184,419 8,486 77,095 8.695 4.273.832 40.198 At 31 Marth 2024 4 035 335 188.575 84,795 4,308,705 Depreclatlon Al l April 2023 Charge for the year Eliminaled on disposals Al 31 Marth 2024 1.402,502 84,653 144,044 8.985 4.140 55,878 5.760 856 1,602,424 99.398 .487,155 148.889 60.782 1.696.826 Net book value Ai 31 Marth 2024 2,548,180 39.686 24.013 2611879 Ai 31 Marth 2023 2.609.816 21.217 2.671.408 Land and buildings are reoyded at hisiorical cost in the financial statemcnts. however the insured value of the buildings ai ihe las¢ renewil in June 2024 is £12:499,390. 13 Flxed asset investments 2024 2023 Oiher inveslments 541898 4.202 Page 30 Nutley Hall Notes to the Financial Statements for the Year Ended 31 Marcb 2024 Other investments Ltst¢d investh)ents U*listed Investments Total Cost or VAluatlon At l April 2023 Revaluation Additions 4,202 (2.136) 4,202 21.283 516.413 23.419 516.413 At 31 March 2024 539.832 541.898 Net botsk value At 31 Marth 2024 539.832 2.066 541,898 At 31 Marth 2023 4202 4,202 14 Debtors 2024 2023 Trade debtors Pr¢FYaym¢nts Accrued income Other deblors 29,713 14,151 36.158 318 94,994 11,876 1.163 994 80,340 109,027 15 Cash and cash equfvaleDts 2024 2023 Cash on hand Cash at Lyank Short-trmi deposits 5.548 290,330 490.811 3,115 437,207 262,068 786,689 Pa8e31 Nutley HAII Notu to the Flnancial Statements for the Year Ended 31 March 2024 16 Credltor5: amounts falllng due wlthln one ye8r 2024 202J Bank loans Trade creditors Other loans Other laxtLti(m and SOLial security Other credilors Other Credi￿rS- Mercury Pension fund defi¢it Aecruals 20,142 30,730 24.019 15,105 6.107 67.142 67,656 57,376 15.775 19,371 70,499 34,406 265 083 211090 Bank borrowlngs tloih Triodos Loans ore secured by way of a le8al char8e on the freehold properties owned by Nutley Hall, namely Sunrise l.lous¢ and Tall Timbcrs, The total amount of inter&st chorged in the period was £707 (2023 - £1.636). I'he total carrying amounl on remainin8 t4nk loan at year end Is £Nil (2023 - £26,142), as thls was fvlly repaid in december 2023 by its last installmenL Oth¢r borrowlngs Hermes Loans are secured by way ol'a le8al char8e on the treehold properties owned by Nutley Hall. namely Oaklca and Gorsdene. The (olal amount of interesi Char8￿ at a denominaled rale of 4% in the period was £1 0,895 (2023-£11,1201. The Lolal carryin8 amounls on remainin8 Other loans al the year end £281,331 (2023 - £305,094) , wilh the final rnonthly instslment due in June 2028. 17 Credltors: amounts falllng due after one year 2024 2023 Oiher loons Other crcditors- MerLwry Pension fund deficit 223,956 579 556 281.075 690 054 803 512 971.129 Included in th¢ creditors are the followin8 arnounts due after more than five years: 2024 2023 Alier more than five years by instalments 260 768 (562,107) Pagc 32 Nutley Hall Notes to the FinaDcial StatemeDts for the Year Ellded 31 March 2024 18 Funds Balan¢e *t I Aprll 2023 Inc(MDlng r¢sour¢ Resources Balance 31 expended March 2024 Unrestrleted funds GeneMI General Fund 016,815 2.639,IXII {1,989,641) 2,667,075 Restrkted fiinds R&81d￿ts Mutual Fund Riding and Sports Fund New Buildin8s Fund Stsff PJrty Fund Cobley Donati{￿ Fund 3.363 4,817 277.413 400 3.403 4,223 275,110 400 77 5,294 (671) (7,597) Total restrlcted funds 287.993 8.268 285 136 Total funds 2645 312 (1997 909) 2952211 Pag¢ 33 Nutley H211 Notes to the Flnancial Statements for the Year EDded 31 March 2024 B¥l•nce at I April 2022 Intomlng R¢sollrtts ezpeuded Bala￿ at 31 March 2023 Unrestricted funds General General Fund 1.889.449 1.832,912 (1,705.546) 2.016.815 Rt5tri¢ted Residents Mutual Fund Riding and Sport5 Fund Ne￿, Buildings Fund Staff Party Fund Cobley Donati(m Fund 3,356 5,728 230.952 2C() 3.363 4,817 277,413 16 52.123 1927) (5.662) 2,000 Totsl restrlcted funds 242.236 6.589) 287.993 Totsl funds 2.131.685 1.88i.258 .712.135 2.304.808 The specific purposes for thich the fimds are th be applied are as follows: The Residents, Mutual Fund c(xnwises a dew)siW fimded by th)nati(M￿ from whid) rcsidcnts w draw in of rinancial need. at the discreti￿ of the re8iStered manager. The Riding and SpKYts Fund L￿nprI￿ a funded ty donations from ￿1th residents will only pay half the cosl of the artiviLics then the ranaining Cost is paid from the ￿nd. The Nem, Buildings Fund comprises of d(￿a11Th￿ rdiscd w help fund new ￿lIding$ and improvements to cxisting I￿lIding5. The s￿1T Party Fund was a donati(m to Nutley Hall io faciliLqte stsff Fwty in rwitiLm of their hard Nwrk. Cobley Donati{￿ Fund is a donaticm made to iK used in the future for s(Knething specfic ￿ert the need ariscs. Pagc 34 Nutlry Hall Notes to the Financial Statements for the Year Ended 31 March 2024 19 Analyw of Det Assets between funds Ullrtttrltttd Total funds at 31 Marc 2024 Gets¢r41 Restricted Tangible fixed assets Fixed asset inveslments Curmt assets cUrr￿L liabiliti&% Crcdit(xs ovcr l year 2.336.771 541,898 857.001 (265.083) 803,512) 275.108 2.611,879 541.898 867,029 (265,083) (803.512) 10.028 Total net assets 2.667.075 285.136 2.952.211 Unrestricted funds Gener*1 Total funds at 31 March 2023 Restrlrted nds Tangible fixed assets Fixed asset invesEm¢nts Current assets Currtht liabilitia CredI￿rS over l year 1393.995 4.202 800.837 (211,090) 971,129) 277.413 2.671.408 4.2a2 811,417 {211,090) {971.129) 10,580 Totsl nel asseLS 2.016.815 287 993 2.304.808 20 Related pArty trawetlotss During the year the charity made the folloming related pwty transacti(ms: Donations frow Trustees Total amount ofthjnalions receiv￿ in aggregale without aMditions tru5W in the year ivas £266 (2023 - £87). At the balance shed date the amount due tdfrLKn Donatiffis from TnLsie&8 w&$ £Nil (2023 - £Nil). Rental from Trustee Nutley Hall has rental out accornmc#Jation from a Trustee R Crowthtt (m sevffal occasions. The total amount paid to R CrO￿er in financial year was £1300. Ai the iMlanLY shee( date the am(oJnt due to Rthlal from Trustee was £650 (2023 - £Nil). Pa8e 35