CoMpY registration number: 868461 Charity registration number: 307023 Nutley Hall (A company limited by guarnniee) Annuol Repori and Audlted Finan¢ial Slalements for the Year Entsd 31 Mar¢h 2025 Manningtons Statutory Audilor 39 High Streel Baiile Easi SussvA TN33 OEE
Nutley Hall Contents Reference and Adminislralive Details Strategic Report 2to4 Trusteeg Report 5t09 stst¢m¢Dt of Truste¢g Responsibilities 10 Independent Auditors, Report llto 14 Slatement of Financial Activiiles lJto16 Balance Sheel 17 Statement of Cash Floivs 18 Note5 to the Financial Sthiements 19to34
Nutley HAII Ref¢reDce and Administratlve Details Chlef Exeeutive Officer R Levy Trustees H Compson P Blok M Albath G Bridge R Levy Y Ikllsperger R A Crowther St¢retsry H Compson Charlty Regl$trAtlon Numbtr 307023 Company Reglstratlon Number 868461 The charity is in¢orporaled in En8land and Wales. Nulley Hall Nutley U¢Lfield Easi Su55ex TN22 3NJ R¢g15tered Offlce Audltor Manninglons Siaiutory Audilor 39 High Street Battle Easi Sussex TN33 OEE BaDkers Barclays Bank plc Leicestershire Leicesier LE87 2BB Poge I
Nlllley Hall Stralegie Report for th¢ Year Ended 31 March 2025 The irustee4 who are direthors for the PUTposes of company law. preseni their straiegic report for the ye8r ended 31 March 2025, in compliance ivith $414C of the Companies Act 2006. AtblevemeDts and performance During the review period. Nuiley Hall experienced continued s¢ability. Throughout 2024-25, we maintained our ommith]ent lo providin8 high-quality, holistic, petson<entred care for our resident& despile ¢hall¢ng¢s such as significanl cost-ol-living increases and wIdesrad stsff shortages across the sector. Our occupancy remained Ste1Y? operating at full capaciiy with 33 residents, alongside ongoing interest from prospective residents. Feedba¢k rrom residents. their families tMl professAonaJs. and stslyremained consientlY positive. We successfully implan¢nted a £2.() comprehensive site development and mainlenance program. focusing on enhancing our lacililies lo betier serve the ecYDmuniry. This included upgrading facilitie5 in ihe main house. converting a loft space into a stsff flat and rurnving flooring and ivindoivs 8cros5 th¢ sil¢. Activilies both on and off-siie provided the residents with rich. meaningful and varied cxperience& Throughout the week they accessed the following Craft workshops." w¢avery, cand1¢5 and baskels making. bakery, herb processing, gardeDing and pottery. In addition, we provide regular sessions of music (both in groups and individual therapy sessions), drami singin& and mov¢meTht. Thc weekly college cla55. aiming (0 3UPPOrt residents ivith their literacy and numerdcy skills as well as connccling to local hiory and geo£raphy. conlinued ihn)ughoui the perii)d. Art, massage. music and wrythmy iherdpies also remain an importani part of our offering. Residents were also able lo access local iowns for leisure acliviiies on a weekly basis. Personalised summer holidays re organised in various locations in th¢ UK and ivere thoroughly enjoyed by ihe residents. A number of successful and well-attended communiiy events were held. including a community walk. friends and family gathering, Christmas produ¢lion. and gard¢n party. These ¢v¢nts provided valuable OprtUnItieS for resident& their familie& slalT. and friends to connecL SlalISe. and further strengthen lh¢ sense of community. Recruiting staff and volunteers from overseas has become increasingly ci)rnplex and COlY due to changes in government policy. However. as an A-rated licensed sponsor. K successfully secured all neeessary perniils to meet our 5taftTing needs. In addition, we coniinued to suppori a successfvl one-year placement programme for a group of young volunieers from Qemiany. The slaff training program continued to offer staff a sound of knoivledge for their ivork. All new care staff completed ihe "Care Certificate". Apart from the mandatory training completed by all r¢levani #aff. we also focused on bespoke iraining in arcas such os holistic care, art therapy, communication skills, mentsl healt crafts & resilience. Comprehensive education and training of stalT is a secondary aim of the Charity which (through developing greater understanding and professionalism) is of direct benefil to the residents; it also has a broader public benefii of providing training for staff who may later take their skills elSVhere in social care ivork or related rield5. Governance & management issii¢s were tonlinually reviewed & developed with attendance ai relevant seminars and workshops. Wc held our AGM which was w¢ll-attended by Members of th¢ Charity including members of residents, families. fri¢nds & people in the wider local community. Page 2
Nutky Hall Strategie Report for the Year Ended 31 March 2025 Iniernaiionai community service i'olun(eer& school pupils on social prdclice and youn8 trairtts wilh learning disabililies gaining pracli¢al WOTk expericn¢e were all homed by Nuil0 Hall. Orchard house ¢onlinued 10 offer its spate for a rich culiuTal progrnmme, hosiin8 many perfomances, concerts. plays and community events. All ivere thoroughly enjoyed not only by ihe communily bul very often 81so by the artists themselv&* Music and CUhmY perforniances by Udeftts from local schools and colle8es havc broughi a strengthening 8e51urc 10 ihe lo¢al ¢ommunity. All these various nclivities have helped io advance art, culiure and community development both for the direct beneficiaries and for wid¢r1ocil communities. KeyJlnanclalperlornMRce Indlcaiors Unh 2025 23.40 89.80 2024 31.10 95.80 Surplus PeT¢enia8e of Fee Income Per¢enta8e of directly attribuiable expenses io fee income Fln#nclal revkw Throughout the financial year ending MaTch 31. 2025. Nuiley Hall maintained a sirong financial position. supporting the coniinued delivery of hI8U111V carc for our residents. Despite challenges wiihin the wider healihcare secior, our sound financial managemeni reinforced our dedication lo sustainabiliry and long.tern) siability. Our primary. revenue, income from Residenls, fees, increased by £183 J76 bringin8 the lothl income from fees to £2.266.937 {an increase of8.8% year-on year). Income from donaiions iothled £41.292. We mainiained rigorous conirol over our operniing expenses, ensuring thal resources were ollocated e(ficiently wiihoul cornpromisin8 Ihe qualily of ure. OUT operaiional Co$ have in¢re&8ed by £55.397 compared to (he previous year, mainly driven by additional stsffing costs ond investment in sitc imprnvemen¢& This positive financial ouilook allowed planned inv¢stm¢nl lo movc ahead. as ou¢lined aknvc. The tr¢¢¢5 plan to continue to invesi in the infrastrnure and in the qualilv of offering for the residents. The increed income al enabled us lo offer a 5818ry in¢rea5¢ lo all mcmbers of salT. Nuil¢y Hall roniinues 10 benefit from ihe help or volunteer coworkers ivho play an imponanil role in mainiaining ihe service while the same lime ¢oniributin8 enornious b¢nefiiS via enhanced vitality & diversity in the community. The terminated Mercury Provideni Pension Scheme (MPPS) is an ongoing liability. During Ihe period under review. Nutley Hall paid £70.499 towards lh¢ liability. 2025 revalualion indicated ihal the iolal liability has reduced to £331.000. Pollcy on reserves The current policy of the Irustces 15 lo maintain free reserves within thc aOUnts lo m¢ei ¢ontingen¢ies for ihree monihs i.c. they should equalc lo onc quarter of Nutlcy Hall's annual operaiing expcndilure. Free reserves at ihc year end date amounied lo £635,882 compared with the policy tsr8ei figure of £512.826. Page 3
Nutley Hall Strategic Report for the Year Ended 31 March 2025 Inveslmenlpollty ahdobjerilvef Undcr Ihe Memorandum and Articles of Associalion thc charity has the poiver to invesi as ihe trustee5 see fit. The Irusiees, having regard to the liquidity requiremenls of operntlng Nuiley Hall and 10 ihe reserves policy. have maintained a policy of aiming lo keep available funds in interest bcaring dcwsit accounts which pay a rate of inleresl in excess of the rnte of inflalion, Plans for perlods AIM$ 4Nd key objecllvesforfuiureperlods Nutlcy Hall will conlinue io llclion 8 plan of impmvements and main*nanc¢, os 1 in the updated S-year Business end Developmeni plan 2025-2030. This includes ¢ompl¢tion of the double-glazing progT•mme in the main house. refurbishing windows in Timberlee. the ivorkshop building and Cedarwood, refurbishing ihc conservatory in the matn house, and improvin8 toilei facilities in the iveavery. Prlnelpal rlsks uncertrtliides Adverse Care Qiiallty Commlsslon (CQC) Repori An adverse CQC r¢port could negatively affect th¢ funding available to Ihe charity, resull in th¢ loss of fee paying residents and could uliimaily force the home to Close. The Mon88er, Raz Levy is registered iiryih the Care Quality Commission lo managc the seThiice. Re81cred persons have legal responsibilily for meeting the requirements in the Health and Social Care Ad 2008 Jnd associated Rcgulalions. Comprehensive policies. procedures and quality assurance sysiems are in place lo ensure Nuiley Hall provides a ¢onsisienily high quality of care whi¢h is in line with the Care A¢t12014). Nutley Hall is currenily rnled "good" by the CQC. Reduclion in resideiil iiunibers Nuiley Holl's budgel is sei allowing one void vacancy. We have an operational surplus and reseNes which if lempornrily reduced would aff¢¢l our ability lo invesi in larger scale projects. al Icasl in Ihe short lenn. but will not have an immediate negalive impacl. If Ihe number of residenis remained consislenily below full occupancy. ive would need 10 ¢onsid¢r & proportional redu¢iion in aciivity, particularly in slalTin8 levc15 in order io reduce cosis. The strategic report was approved by the IN51ees ofthe charity on 18 Seplember 2025 and signed on ils behalf by: H Compson Company secrewy Page 4
Nutley Hall Trustees, Report The trustees, who are dir¢¢iors for the purposes ot company laiv, pres¢nl the annual report iog¢iher with Ihe rinancial stalcments and auditors. report of the charitable company for the year ended 31 March 2025. Objectives and activities Objects and aims The object for ivhich ihe chariry is established is the administration of a resideniial care home providing care, educalion and craft activity for adulis iyith learning dis3biliiies. Nutley Hall is a communitv, akin io a small 'village', inclusive of residenlial and day staff in addition lo the residents (or service users) with learning disabilities. The emph&8iS is i)n community livin& bui one in ivhich the uniqu¢n¢s5 of each person is recognised and resp¢¢ted. The talenls, hOS and aspirdtions of each individual resident are valued as conlributions lo the ivhole. while Ihere is an endeavour lo promole and protect their rights, inieresi4 choices. needs and progression towards independence. wilh full dignity. There are three equally cs5ential strands broughi into balance wiihin the ¢ommunity: the home life, the working life und Ihe Culwral life: Home Life.. Nutley Hall consists currently of seven separate units in six houses, each functioning as a social & domestic grouping inclusive of residenls (ranging from three in the smallest lo six in ihe largesl). house ¢oordinators, carers and volunleer Co-workers. Shad rnealtim¢s are an impoTiant focu& as arc shared household chores, mutual support and social aclivilies. Residents are encouraged to be involved ivith staff in communal household i&sks lo the be51 ot their ability, fostering personal recognition, ind¢pendence and mutual support of each oihcr. Nuiley Hall aims lo be a "earing envlronmenl": i.e. where care lakes place in a properly ¢ared for environmenl in relation lo nutrilion, cleaning, decor & environmental cred¢nlials. Particular emphasis is given to nutrilion. in the provision of a wholefood diet based on bi04lynamic & organic produce. lo ihe maintenance ofthe fabric and decor of the buildings, fittings and furnishing; and to the upkeep of the surrounding gardens & grounds The objeclive is to achieve an oul¢om¢ ihal maintains a genuine quality of life for residenls: noi m¢r¢ly functionally good. but also beautiful, harnionious and artistic. Working Life: Well-equipped craft ivorkshops for bakin& basketry, candlemakin& weaving and ivoodwork on si14 herb processing, gardening & woodlandlivoodcraft group5. and the cenlral kitchen & laundry allow development of skills and creative & productive M'ork, ulilising natural materials and processes &$ far as po&sible. Particular emphasis is given to encourdging a variety of experience within a rhythmical structure. as well as io ihe quality of the physical and social working environments. Th¢ crdft workshop5 are an integral part of community life. Culiurdl Life: Live music. poety. drdm& slory-tellin& eurythmy. dance, movement and art are al the hearl of the community life. The aim is lo provide residents, whether as engaged participants or as receptive audience, not only wilh meaningful activity and eniertainmenl but also creative experiences Ihal Can engender social cohesion. restorativeltherapeulic qualilies and renewal. Nutley Hall h&s a rich cultural eihos in which the marking of the yes natural cycles and seasons and the shared celebration of the Christian feslivals figure prominenily. alongside many other community celebTations and activities. There is a strong nse of rhythm lo each day. to each ck and to the whole course of Ihe year. Belonging to the community (whether in a supported or a supporting rol¢) assume4 at th¢ very least. tolerance of this rich culra1 aspect - and everyone is encourdged and enabled to contribute lo festival preparation and planning and to participate in the oulcom¢. The balanced inlegrdtion of these elements of daily life gives a strUUre in which all members of the community can genuinelv contribute to each other's lives and mutualty support gro i)nd fulfllment. Page 5
Nutl¢y Hall Trustees, Report Nuiley Hall wishes to enable all residents 10 develop their own individualiry and self-respect, aiming toivards wider inlegrnlion & inclusion and supporting them to realise iheir own 11 polential. The inlenlion is lo provide an enabling environment in which the potential of th individual can find expression within a supportive social context. at home, in the workshop setting and recreationally. Support may also be via local placernents, involvement with off-site tasks or participalion in parther projects with other organisalions. Additionally. adult educalion is supported to altend local College Courses or to join an on-site aduli education class ivhere ihc intenlion Is. for example: lo help stimulale thinking & interest in the world, in people & in current affairs; to en4ble Ihe fornulaiion of ideas and opinions that may Icad lo discussion and promote communication skills; to encourage an exploration of the natural world and its processes. to maintain andlor develop skills in WTi¢ing. reading and numeracy: to encourage creative, artistic and cultur81 interests, lalents and skills; to enable residents to pursue their own particular interests, etc. Nutley Hall has quality sysiems in place aimed at continuing quality improvement, by mcans of checks, audits. reviews & revisions and a guiding approach io quality managemeni thai underpins all its work involving the whole community. Quality moniloring ai Nutley Hall is SPTead across a matrix of sources & methods. at varyin8 levels and times, involving participailon from Ihe ffsident5, from ih¢ir relatives & other leg81 representatives. from members of staff. from the r¢gist¢r¢d man4er, the managemenl team And the trustees, from residenis, adull social care managers & oiher external prolession8ls, from various regulatory bodies including CQC, environmenial health. Ihe fire service etc., from professionAI ¢are associations and partner organisations, from training organisations and from visitors, friends and neighbours. Comments, complimenls, conccms and oiher feedback. both dirc¢t and indir¢¢t, are ¢ollaled, Considered & evaluated. Where appropriate, the infomation and outcomes are recorded, and relevant changes are a¢t¢d upon or plans instl8aled. These processes should be viewed as fonnin8 an ascending spiral with outcomes ¢ontinuously nourishing the wellbeing of residents in Iheir daily care cnvironmenl while inforniing ITUStces. mana8er5 and all slatT in Iheir various work responsibility role$ and via various meeting forniats. Pabllc benefll From Nuiley Hall's principal aim in providing relief for people wilh learning disabilities. based on the Objects of the Charity, has arisen the foundation & continuing development ot a community with facilities for ¢ore, re¢r¢ation, work and residential ac¢ommodaiion that strives lo advance human rights, equality, diversity, education, art & culturc. Its direct beneficiaries are adults ivith a learning disability. though usually withoul severe medical or m¢nlil health needs or physical disabilities. Within this remit, limited only by the ternis of Care Quality Commission (CQC) registration, Nutley Hall is open to anyone who may seek ils benefits, with no 8eo8raphi¢al restrictions or exclusion on the grounds of ethnl¢ background, nationality. race or religion. Nor is any prospective applicanl excluded for lack of tunding (which 18 generally bome by a public adult social care authority rAther than the individual). There has always been continues to be the p085ibilily at Nutley Hall for reduced tee agreements for privately-funded residents. The following section outlines activilics in relation lo the benefit for Nuiley Hall resid¢nts (i.e. the direct beneficihries) and alludes lo public benefit in broader and more general lenns. The trustees confirn) that they have Complied with Ihe requirements of seciion 4 of the Charities Act 2011 to have du¢ regard to the publi¢ b¢nefit guidance published by the Charity Commission for England and W41¢s. Page 6
Nutley Hall Trustees, Report Golng ¢on¢trn Nuiley Hall eontlnues to operate at a surplus and as such remains susiainable. This is a reflection of steady occupancy levels. a sutTi¢i¢nt yearly uplift in fees income and well managed expenditure. There is a regular stream of inquirie5 for places Nutley Hall and a waiting lisl consisting often prospective residents. Trnst¢e$ and offlters The trustees and officers serving during the year and since the year end were as follows: Truslees: H Compson P Blok M Albath G Bridge R Levy Y Dellsperger R A Crowther G Medhursl (Resigned 10 June 2025) Chief Exe¢utive OtTicer: R L¢vy Secretary: H Compson Page 7
Nulley Hall Trustees. Report Stru¢threi goYern*nce and management Ntthire ofgovernlng Nutley Hall is a non-profit-making company regIred both as a ComnY limitsd by guarantee with Companies House (no. 868461) and as a charity (no. 307023) with the Charity Commissioners. It is a voluntary re5idenlial care home & community. The registrnlion wilh the Care Quality Commission (CQC) is lo provide the regulaled activity: "A¢¢ommodation for persons who require nurtsing OT personal ¢are". The Registered Provider {ID: 1-101651759) is NleY H1. govcrned by a board of truskes. The curreni Chairnian ofthe Truslccs is Mr. Guy Bridge. M,ho has considcrnblc experience in banking. financc and managcmcni and is also a family member of one of our residenis. Other Inlee5 represent a cross-section of professions {e.g. social care, edu¢aiion. banking and business), experience of anihroposophi¢al organisations And a¢iivities. and family members of rcsidents. The Inl¢eS meel quarterly and report io the AGM of the charity every autumn. The Regislered Provider ensures that the gulated aclivily is managed by "an individual who is regi$iered as a manager in respecl ol. this a¢tiviiy at Nutlty Hall". The turreni Registered Manager (ID CONI-I 588937093) is Raz Levy. who hold5 a degree in Curnlive Education and has exlensive experience in the Learning Disabiliiies seclor. Mr. Levy leads a manag¢m¢nt group 10 which lh¢ trustees delegaie the daY4daY organiM¢ion and running of s¢ryi¢e& Nutley Hall hLS a nOhleTarehiCal OT8anisational structure with individull areas ofrespon5ibilily represenled al the wcckly community StstT Meeting. al Ihe regular Corc Group meeting {of senior perniancnt sffi and in the Managemenl Group, all of which include the Registered Mana8er. Additionally, there are separate regular aM meetin85 for each housclunil. for the senior care stalT (house coordina(ors). for W0hop leaders (i.e. day care services) and for iherapisis. Re¢rnlim¢nl 4ndappolMlm¢nl oflrnslees Trustees ¢ elecied by the mcrnbers of th¢ charitsble company aitcnding the Annual General Meelin8, lo seJv¢ for a Ihree year period. Ai thc end of this period eligible for re4ledion. Inducdon and tralnln8 oflruslees New trustees undergo an orientation scssion to brief thern of their legal obli8aiions under charity and company 18W, the content of Ihe memornndum and articles of associalion. the decision making processes and recent financial perfom?an¢e ofihe Chariiy. Thev will b¢ given a tOUT of the premises and an ouiline of the day 10 day operniions. ArrrtnZeAnlsors£tt1ftl key managemenlpersonnel renueneMIo The rcmuneralion for ihc regislercd manager Is set by the board of trustees, in accordance wilh Nuiley Hall's pay scale. Remunerdlion for other key management roles is set according to ihe pay s¢ale. Both ihe registered manager and oiher key man8gement personnel's remuneralion are benchmaTked 08ainst Skills For Care, Ihe stralegic body for workforce developm¢nl in aduli social cart in England. Annual 8ppraisal is takin8 place lo ensure accounlability and lo manage performance. Or¥anl$qdonol TCluTC The tntslees meet regularly io manage ihe general policy of ihe ¢hwity. The day io day operati¢n of Nutley Hall is delegated io a residential manager, Raz Levy, who is also a trusiee, and hi5 management team. Pag¢ 8
Nutley Hall Trustees, Report Financial instruments Objedlves alldpollcles The charity's activiiies expose it io a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees, Ivhich provid¢ MTilien principle5 On Ihe use of financi41 derivaiives to manage Ihese risks. Th¢ charity does not use derivative financial tnslruments for speculative purposes. Ca$hflow risk The charity's a1vIll¢S expose li primarily to the financial risks of changes in foreign currency exchange rates and Anierest rates. Inleresi bearing assets and liabilitie5 are held at fixed rate to ensure certainly ofcash flows. Credil risk The charity's principal financial assets are bank balances and cash, trade and other receivable4 and investments. The charity's credit risk is prirnarily artributable io its Irade receivables. The amounts presenied in ihe balan¢e sheet are nei of allowances for doubtful receivables. An alloivance for imp8innent is made where there is an identified loss event which. based on previous experience, is evidence of a reduclion in the recovernbility of ihe Cash floivs. The credit risk on liquid funds and derivative financial inslTuments is limited because Ihe counterparties are banks wilh high cr¢dit-ra(ings assigned by inlemalional ¢r¢di¢-rdlAng ag¢nci¢s. The charity has no significant concentration of credil ri5L wilh exposure spread over a large nurnber of counterparties and customers. Uquldlty rlsk In order to mainlain liquidity to ensure Ihat sufficient funds ore available for ongoing operalions and future developmen14 the charity ensures debtors are revieived and managed regularly.. tight opernlion of budgeling and expendilure is operaied. and regular reviews of bank accouni balances are undertaken. Dtsclosyre of knfomatioD to audltor Each trustee h&$ taken 51¢ps ihal Ihey ought to hav¢ Mken as a trustee in order to rnake Ihemselves aivare of any relevant audit infomlalion and to establish that the charity's auditor is aware of that inforniation. The trustees confirni that there is no relevant inlornia¢ion that they know of and ofivhi¢h they know the audiior is unaware. Page 9
Nutky Hall Statement of TThteeS. Responsibilities Th¢ Irusltts are also ihe direclors of Nutley Hall for the purposes of company law) are responsible for preparing ihe truslees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Stdards (Uniied Kingdom Generally A¢eept¢d Accounting Practice), in¢luding FRS 102 "The Financial Reporting Standard applicable in the UK and R¢publi¢ of Ireland.. Company law requires the Iruslces lo prepa fina131 sts*ments for tsch financial year. Und¢r company law the tnL8tees mus¢ not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affair5 of the charilable company and of the incoming resources and application of resources, including its income and expendilure, of the charitable company for period. In preparing these financial thiem¢nt5. the Irustees are required to: select suilable accoun¢ing pollcies atxl apply them consistently. observe the mdhods and princlples in the Charities SORP. m8k¢ judg¢m¢nts and ¢iMate$ that are reasonable and prudent; slate ivheiher applicable COun17nE standards, cornprising FRS 102 have been followed subjeci to any material departures disclosed and explained in the financial stsleMen and prepare the financial statements on the going concern basis unless it is inappropriat¢ to presume thai the charitablc company will Continue in busines& The trustees arc responsible for keeping PToper accounting records that can disclose ivith r&%onable accurdc), at any time the financial posiiion of the clwitable company and ¢nable them io ensure thal the financial staiements comply wilh the Companies Act 2006. They are also responsible for safeguarding ihe assets of the charilable company and hence for iakin8 reasonable sl¢ps for the pr¢v¢nlion and detsciion of fraud and other irregulariiies. The trusiees aTe responsible for the maintenance and Atitegrity of the corporaie and financial inforniation included on Ihe charilable company's websile. Legislation goveming the preparaiion and disSnIna110n of financial alernents may differ from l¢8islation in oih¢r juriylictions. Approved by the trustees of the charlty on 18 Semembcr 2025 and signed on it5 behalf by: H Compson Trustee Page 10
Nutky Hall Independent Auditor's Report to the Members of Nutley Hall OpinioD We have audiled the financial Matements of Nthley Hall (the 'charity') for the Y ended 31 Mar¢h 2025. ivhi¢h comprise th¢ Statement of Financial Aclivities. Balance Shecl. Statement of Cash Flows. and Noles to the Financi61 Sthiemenls. including a summary Ofsilfi¢aThÉ ac¢ouniin8 policies. The financial reporting fram¢work that has been applied in their prepardtion is United Kingdom Accounling Stsndards. comprising Charities SORP - FRS 102 The Finan¢ial R¢portin8 Siandard applicable in ihe UK and Republi¢ of Ireland, and applicable law (United Kingdom Generally Accepled Accounling PT8¢1i¢e). In our opinion the financial siaiements: 8iv¢ a true and fair view of th¢ sthie of the clwity's affairs as ai 31 Much 2025 and of its incoming resources and applicaiion of resources. including its income and expendilure. for the yeaT then ended; have been properly prcparcd in accordan¢e with Unii¢d Kingdom Gcncrally A¢¢emed Attounling Pra¢li¢¢; and have been prepared in ac¢ordan¢e with the requiwements of the C¢)mpanies Aci 2(M)6. Basts for oplnloD Wc conducicd our audit in ac¢ordan¢e with In¢crnalional Standards on Audtlin8 (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in ihe auditor responsibililies for the audil of Ihe financial staiements se¢tion of our report. We gre independeni of the chariiy in accordance Myth the ethical requirements lh are relevant io our audit of ihe financial slai¢m¢nts in ¢h¢ UK, including the FRC'S Eihical Standard. and wc hjvc fulfilled our oiher eihi¢al responsibilities in accordancc with theK requIffMen We believe Ihal the audit evidence we have obtsined is sufficienl and appropriate lo provide a basis for our opinion. Con¢lu$lons relating to golng eoneern In audiiing the financial siatements. we have concluded ihat the trustees use ollhe going concern basis of accounling in ihe preparniion of thc finan¢ial statements is appropriale. Based on th¢ work we have perfom¢d. we have not ideniified any malcrial unccrtainlies relating io events or condilions ihal. individually or ¢oll¢ctively. may casl si8nificani doubt on ihe charitys ability lo Contin as a going concern for a period of ai least twelve months from when the ori8inal financial Aai¢rnents wyre auihori%d for issue. Our responsibilities and ihe responsibililies of the truslees with respeth to gotn8 concern are described in the relevent sections of this report. Other IDfonnllon The Irustees are responsible for thc other infi)rniation. The other inforn)ation comprises the inforn)ilion included In Ihe annual report, oihw Ihan the fJnan¢ial staiements and our audiior's report thereon. Our opinion on the financial staiements does noi ¢over Ihe oiher infonnaii¢n and. ex¢epi io the extenl otherwise cxpliciily 5taied in our report. we do not ¢xpr¢ss any forni of assurance ¢onclusion th¢r¢on. In conneclion with our audit of the financial statemets, our responsibility is io read the other inforn)alion and, in doing so, consider Nthther the other inforniation is materially tn¢onsis¢ent with the financial statements or our knowledge obtsined in the audii or otherwise appears to be maierially rnisthted. If we identify such malerial inconsistencies or apparent material misstalement& required io ddern?ine whether there is a malerial misslalemenl in Ihe financial statements or a material missmemenl of the other inforniation. If. based i)n the work we have perforn)ed, Mt conclude that there 1$ a material misstatement ofthis other inforniation, Ive are required to report that fact. We have noihing ¢0 r¢port in this regard. Pa8ell
Nutley Hall Independent Audltor's Report to the Members ofNulley H811 OpinioD OD Other m4tter prescrlbed by th¢ Companies Aet 2006 In our opinion, based on Ihe work undertaken in Ihe course of the audil: the infomalion giiJ¢n in ihe Strategic Report and Tntst¢es' Report for ihe linan¢ial year for ivhich the tinancial slalements are prepared is consi51enl ivllh ihe financial slaiemenls. und the Strategi¢ Report and Tnjstees. Report have been prepared in accordance wilh applicable legal requirements. Matters on wbltb w• are requlred to report by exteptlon In the light of our knowledge and undersl8nding of the charity and ils environment obtained in the course of the audit. we have nol identified material missiatements in Ihe Strategic Report and the Trusiees, Report. We have noiliing to report in rcspcct of th¢ following matters whcre the Compunies Act 2006 requires us to report to you if, in our opinion.. adequale accounlin8 records have noi been kepl, or relurns adequate for our audit have noi becn received from branches not visited by us. or the financial statements are nol in agreement with the accounting records and return& or certain disclosures of trusiees remunernilon spe¢ified by law are not made: or wt have not received all Ihe inforniaiion and explanalions we require for our Audil. Rupon$lblllde$ of tru$tt¢$ As explained more fully in the Statemenl of Trustees, Responsibililies (sel out on page 10), the Iru$lees are responsible for Ihc prcparalion of the fin4ncial statements and for being s741isfied th41 Ihey give a true and fair view. and for such internal control as the trusiees deiernilne is necessary to enable Ihe preparation of financial Maiements thai are free from malerial misslatemenl. Htheiher due lo fraud or error. In preparing ihe financial stalemcnts. Ihe trustees are responsible for sessIng ihe charity's abilliy to Continue as 8 Boing concern, disclosing, as applicable, matters relaled to goin8 conccrn and usin8 the 8oin8 concern basis of accounting unless the tnl¢eS either inlcnd to liquidale the charity or lo cease operations. or have no realistic al¢ernaliv¢ bui ¢0 do so. Audltor responslbllltles for the audll of the Ilnanelal $latement$ Our objeciives are io obtain re8son8ble assuranc¢ about whether the financial siaiemenis as a whole are free from malerial misslatemenl. whether due lo fraud or error. and to issue an audilor's report Ihal includes our opinion. Reasonable assurance is a high level of assurance, bui is not a guarantee ihat an audit conducted in accordance with ISA$ (UK) Ivill always deiecl a material missiaiement iyhen it exists. Misstalernents can arise from fraud or error and Considered mal¢ri81 if, individually or in Ihe aggregate, Ihey could reasonably be expected to influence the economic decisions ofu5ers iaken on ihe basis of these financial Siatemenls. The extent 10 ivhich our procedures are ¢apable of detecting irregularities. including fraud 15 detailed below: Page 12
Nlllky Hall Independent Auditor's Report to the Members of Nutley Hall The detection of fraud and irregulaTiti¢S 15 a Primary )nsIdeIl0 of the audil planning and 15 Ihrough to the audit complelion slage. A risk assessment and preliminary analylical review is undertaken at ihe planning sloge and areas of concern are ihen built inlo the audil Sir8tegy and tesiing io ensure sufficicnl procedures and evidence is obtsined Lo give comfort thai maierial irre8ulariiies and potential ins¢an¢es of fraud are deiethed where possible. The audil Icam is briefed regarding any aveas or concern, the polcnlial audil risks and consequential impacl. The audit ieam remained vigilant throughoui their work and mad¢ enquiries of key management and finan¢e personnel Ihroughoul. Nutley Hall'5 key mana8¢m¢nt and finance personnel were consulted on any known or susp¢¢led breaches in laws and regulations along with misappropriation of funds ai bolh ihe planning and compldion siages of th¢ audil. Duc considerntion was given lo the pos5iblc use of man88emenl override and ihis ivas buili inlo our audil sl¢ey. The initial risk assessment highlighied a poleniial show stopper being 0(non40mpliance wilh the CQC. We already had a ¢opy of the laie* insp¢ction report from previous ye8rs audii daied November 2020 whi¢h was rnied 'Good'. no issues ar05e from Ihe report. Furthcr ie51ing ¢Onfi$ thal the CQC reviews dala periodillY ihroughiout the year lo see if an inspection is needed. The revicw of the Charity was in July 2023, with no inspeclions considered necessary and no further aaions ¢0 be undertaken have been made apparent. The purpose of Ihe preliminary analytical review of the financial mlements is lo highlighi any possible areos of ¢oncem to inve18&1¢ wheiher the varian¢¢ is exed or unexpethed. bA5ed on ihe infomiaiion olxained as part of the planning process And ihe currenl climaie the charity is opernling under. Relevant audit lests had then been planned to obiain supporting documen110n to ensure Ihai they are wiihin the ¢harilable objectives and no misappropriaiion of funds b), way of frnud, or misslalemenls. Late accounis dis¢losuTe ¢hecklisls available are also Completed io ensure the accounts comply with the I¢$1 r¢portin8 frnmework ihai is ¥pli¢able io the charithble ompany. There are aspecls of the audii which are deliberalely unprediclable lo assist in ihe del¢¢lion ol. irregulerilies. such Is Varying how we le items whi¢h aff more susceible lo frnud, year on year and by incorpornling sysiemalic sampling over the populations iesied. Use of our report This report is made solely io ihc ¢hariiabl¢ Company's InJstee$, as a body. in accordance wilh Chapmer 3 of Part 16 of the Companies Aci 2006. Our audit ivork ha5 been undertaken so thai ive might siale lo ihe charity's trustees those maiters wc are requtred to slate io them in an audilor's report and for no other purpose. To Ihe fullesl exlen¢ perniitied by law. we do not accept or assume responsibility lo anyone other than the charitable company and its trustees as a body. for our audit work. for this report. or for the opinions have fomed. Page 13
Nlltley Hall Independent Auditor's R¢port to the Members of Nutley HAII R T K Walsh FCCA (Senior Statutory Auditor) For and on behalf of Manningtons. Ststutory Auditor 39 High Street Battle East Sussex TN33 OEE Ihte:... o.ql Page 14
Nutley Hall ststement of Financial Actlvities for Ihe Year Ended 31 Mareh 2025 ncludiDg Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2025 Unr*strieled Restrlrt¢d Note Inrne and Endowments from: Donalions and Grants Charilable a¢iivities Investment income 7.609 2.266.937 25.045 33.683 41.292 2,266,937 25.181 136 Total Income 2.299.591 33,819 2,333,410 Expendlture oll: Chariiable activities Mercury provident penston scheme Govemance costs (1026.923) 248,555 (14.614) (9.769) (2.036,692) 248,555 114,614) Total Expenditure (1,792.982 (9.769) (1.802,751 income 24,050 530.659 Nel movernent in fijnds 506.609 24.050 530.659 R¢¢onclll#tlon of thn4ts Total funds broughi fonvard 2,667.075 285,136 2,952,211 Total funds eaTried for¥vdrd 19 3.173.684 309,186 3,482,870 The nole5 on pages 19 10 34 fonn an iniegr81 part of these financial statements. Pagc 15
Nutley Hall Statement of FiDancial Activities for the Year Ended 31 Marcb 2025 neluding Income and Expenditure Account and Statement of Total Recognised Gains and Total 2024 Unrestri¢ted Rrirted Not¢ Income and Endowments from: Donations and Grants Charitable aciivities Invement income 537,501 2.083,561 18.839 5294 541795 2,083.561 18.956 Tothl Income 2.6i9.901 5.411 2.645,312 Expenditure on: Charilable liVi11¢S Gov¢maD¢¢ co515 (1.976.186) (13.455) (8.268) (1,984,454) {13.455) Total Expenditure (1.989.641 (8.268) {1,997.909) inci)mellexpendiiure) 650260 (2.857 647.403 movemenl in funds 650260 (2.857) 647,403 Re£onciliation of funds Totsl funds broughi lonvard 2.016.815 287.993 2.304.808 Total funds carried fonvard 19 2.667 075 285.136 2,952.211 All of ihe chaTity'S a¢livities deTive from continuing operations during the above tsvo periods. The funds breakdown for 2025 and 2024 is Sho1 in notc19. The noies on pages 19 10 34 f¢)rni an inlegral part of these financial aments. Page 16
Nutley Hall (Registration number: 868461) Balance Sheel as at 31 Mareh 2025 2025 20Z4 Note Flxed Jwets Tangible assets Investhients 13 14 2.760.910 555J14 1611.879 541.898 3.316.224 3.153.777 Cllrrent 4wts Debiors Ch at bank and in hand 15 16 87.620 767.962 80.340 786,689 855.582 867.029 Crtdttors: Amounts falllng due wlthln one year 17 (273292) (265.083) Net turrtnt assets 582290 601.946 Total assets les5 current liabillties 3,898,514 3.755.723 Creditors: Amounts f#lliD% dat afttr more than one year 18 1415.644) (803.512) Net 4M¢ts 3.482.870 2.952.21 Funds of the charity: Restricted income funds Restricted funds 19 309.186 285.136 Unrestrieted income fuDds Unrestricied fvnds 3.173.684 2,667,075 Totsl funds 19 3.482.870 2.952.21 The finantial statements on pages 15 to )4 ivere approved by the Ines, and authorised for issue on 18 Sq)lember 2025 and signed on their behalf by: G Bridge Trnstee The notes on pages 19 to 34 forni an iniegTal part of th¢se financial statements. Page 17
Nutlry Hall Statement of Cash Flows for the Year Ended 31 Mareh 2025 2025 2024 Note Cash flows from operting •¢thillks Ncl cash income 530.659 647,403 Adjustments to ¢h nows from Don-tAsh ltsms Depreciation Revaluation of investments Loss on disposal of fixed asseis held for the ¢haritys own use 104.659 (13,416) 1.502 99.398 (21.283) 329 623.404 725.847 Worklng c#pltai adjustments Ilncre8seydecrease in debtors De¢rease in cieditws 15 17 (7.280) 318.988 28,687 (63,720 Nei cash flows from operaiin8 aciii'ities 297.136 690.814 CAsh flowx from Invei¢lng •eelvldes Purchosc of iangible fixed a5SthS Purchase of invcslmen15 13 14 (255.192) 140.198) 516413 Nd cash flows from investing a¢ltviti¢s (255.192) (556.611) Cash flowi from finn¢ln8 aetlvltl¢s Repayment of loans and boTrowin 17 60.671 (49,904 Net {decreaseYincrease in ¢ash and ¢ash equivalents (18,727} 84,299 Cash and cash equivalents al l April 786.689 702.390 Cash 4nd 4uivJl¢nlS 4131 March 767.962 786 689 All of ihe cash flows are derived (rom conlinuing operalions during thc above Iwo period& The notes on pages 19 10 34 forni In inlegral part ofthese linancial slatements. Page 18
Nutley Hall Notes to the Flnancial Statements for the Year Ended 31 Marcb 2025 I Charlty Status The ¢harity is limiled by guarnniee. incorporated in England and Woles. and consequenily does not have share capilal. Each of the trustees is liable to contribute an arnount noi exceedin8 £1 towards ihe asseis of the charity in the event of liquidation. The address of its regislered office is: Nutley Hall Nutley Uckfield Easi Sussex TN22 3NJ 2 AeeountlDE pollelts Summ4ry of $lgnlfi¢Ant a¢¢ountlng polltltl And key aetountlng e8tlmAte$ The principal a¢¢ounting policies applied in the preparnlion of these financial $l&lemenls are scl oul bclow. These policies have been con5islenily applied 10 all the years presenled, unless oihenvise sialed. ststement of eompllinee The financial staiements hai'e been prepared in accordance wilh Accounting and Reponing by Charities.. Sialement of Recommended Praclice (applicable to charilies preparing Iheir accounts in accordunce iviih the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charilies SORP (FRS 102)). Ih¢ Financial Reporting Siand4rd applicable in the UK and R¢public of Ireland (FRS 102) and Ihe Companies Ad 2006. BASIS ofpr¢pir4tlon Nuiley Hall rneels lh¢ definition of a public benefit enlity under FRS 102. Assels and liabililics are initially recognised ai hisiorical cosl or Iransaction value unless otherwise stated in the relevant accouniing policy noie& Golng concern The Irustees considcr Ihal thcrc are no material uncertainties aboul the charily's abilily lo conlinue as a going concern nor any significanl areas ofuncertainly thal affecl the carrying value of assets held by the chaTity. IM¢ome and ettdowments All income is recognised once the ¢harity has entiilemenl lo Ihe in¢ome, it is probabl¢ that the income will be ¢eived and ihe amount of Ihe income receivable can be measured reliably. Page 19
Iyutley Hall Notes to the Financial Slatements for the Year Ended 31 Marcb 2025 Donoilotts undlegftcles Donations are r¢¢ognised wh¢n ihe charity has be¢D notified in wri(ing of both the amount and settlement date. In lh¢ evenl th8t a donation is 3ubjecl to condiiions that require a level of pcrforniance by the charity before the charity is enlitled lo the funds, the income is defetted and not re¢ognised unlil either ihose ¢oDdilions ar¢ fullv met, or Ihe fijifilmeni of those conditions is wholly within Ihe conlrol of ihe charity and it is probable thai Ihese condilions will be fulfilled in ihe reporttng period. Legacy gifts are recognised on a case by casc basis following the grant of probate whcn the adrninislralorlexeculor for the eslaie has communicaied in wriiing bolh the amount and senlemenl dale. In ih¢ event ihat the gifl is in Ihe forn] of an Asset other ihan cash or a Iinancigl a55el trndcd on a rccognised stock exchange. re¢ognilion is subjecl to the value of the gift being reliably rneasurnble with a degree of reasonable accuracy and the title 10 th¢ assei having been transfeffed io the ¢htirity. GrnNls reeelvdble Grants are r¢cognis¢d ivhen the charity has an cntiilemenl to the funds and ony conditions linked lo ihe grnnls have been met. Where perlorniance ¢ondilions are 8tta¢h¢d lo the grant and are yet lo be mei, the income is recognised as a liability and included on the balance sheei as deferred income to be released. Investhienl Income Investmenl income comprises of bank ini¢resl and is rc¢o8nis¢d on a receivable basi& Chrtrlioble ffcilvliles ChJritabl¢ income is for the proviston of residenlial care including ¢du¢alion and craft athivitie5 for adults with Icaming disabilities. Olher Ineome Other income is income rcceived durin8 the ¢ourse ofthe year Ih&t is noi relaicd directly lo its charitable aclivi¢ies. Exp¢ndlthre All expendilure is recognised once there is a legal or construclive obligation lo that expendilure, il is probable settlement is required and the amouni Can be measured reliably. All c051s ure allocated to the appll¢able expenditure hcading Ihal aggregate similar costs to Ihal category. Where cosls cannoi be direcily atlribuled io particular headings they have been allocaied on a basis consislenl wilh the use of re$ourees, wilh central slaff costs allocated on the ba515 of (ime spenl. and depreciation Charges allocalcd on the portion of ihc ussel's use. Oiher suppon ¢osts are allocated based on the spread of stsff costs. CAarliable acilvliles Charitable expenditure comprises those costs incurred by ihe charity in the delivery of ils aclivilies and services t.or ils beneficiaries. It includes both costs that can be ollocated diT¢Ctly lo such aclivities and those ¢oMs of an indirect nature necessary lo support them. Governance costs These include the cosis aiiributable to the charity's compliance iviih nStItU110n1l and statutory requirements, including audil. Strniegic manag¢meni and Irusl¢¢s mee¢in8s and reimbur5¢d ¢xpens¢s. Pa8e 20
Nutley Hall Notes to Ihe Financlal Statements for the Year Ended 31 March 2025 Governmtllt grollt$ Government grants are recogntsed based on the accrual model and are measured ai the fair value of ihe asset received or receivable. Grants are classified as relaling either to revenue or lo assets. GTanls relating to revenue are recognised in income over ihe period in which the related costs are recognised. Grants relaiing ¢0 assets are recognised over Ihe expecied useful life of thc assei. Where part of 0 8Tanl relating to an assel is deferred. IÉ is rccognised as deferred income. Taxwtlon The charity 15 considered lo pass Ihe lcsls 5cI out in Paragraph I Schedulc 6 of Ihe Finance Act 2010 and Iherefore il meets the definltion of a ¢h4riiable company foi UK corporation lax puo$C$. Accordingly, Ihe Charity is poieniially exempt fmm laxalion in respect of income or capital gains received wiihin cate8ories covered by Chapler 3 Port ol. the Corporaiion Tax Act 2010 or Section 256 ot. the Taxalion ot. Chargeable Gains Act 1992. to the exlent that such income or gains are applied exclusively to charilable purposes. Tanglble flxed Assel$ Individual fixed osseis Costing £250 or more are initially rOrded ai cosi, less any subsequent ac¢umula¢ed depreciation and subsequent a¢¢umulaled impairnienl losses. Depre¢l•tlon and amortlsltlon Deprecialion is provided on lan8ibl¢ lixed ass¢ls so as to write oft. the ¢ost or valuation. less any eslimaled residual value, over Iheir cxpccled Uful economic lifc 95 follows: Asset ¢las5 Land and buildings Improvemenls (included under Land and buildings) Furniture ond equipment Moior Vehicle5 Deprt¢l4tlon method and rite Straighi line over 50 years 3% and 2A strnight line 20% r¢du¢ing balance 20% rcdu¢ing balance Flxed *sse¢ IDves¢ments Fixed asset invesimenls. Other thon programme r¢laled invesfment& are in¢luded al markel value at the balance sheet datc. Realis¢d goins and losses on investments are cJl¢ulated as Ihe dIffenCe between sales proceeds and their markel value al the siart of Ihe year, or Iheir subsequeni co, and are charged or credited 10 the Siatement of Finan¢ial Acliviiies in the period of disposal. Unrealised gains and losses represeni Ihe movement in Maet values during the year and are credited or charged to Ihc Statement of Financial Aclivjties based on the markel value at the year cnd. Trade debtors Trade debtor5 are umounis due frorn customers for mer¢handise sold or 5crvl¢es perfornied in th¢ ordinary ¢ourse of business. Page 21
Iyutley Hall Notes to the Financial SlatemeDts for the Year Ended 31 March 2025 Cash Ind Cash equiv#lent5 Cash and Cash equivalents Comprise cash on hond and call deposits. and other short-tcrni highly liquid invesiments Ihal are readily convertible io a known amounl ofcash and are subject to an insignificant risk of change in value. Trnde eredltors Trade crcdilor5 are obligaiions 10 pay for Boods or serlices ihat have b¢¢n acquired in the ordinary course of busines5 from suppliers. Accounts payable are clL8sified as current liabilities if the charity does noi have 8n unconditional righi, al the end of the reporting period. to defer settlement of ihe creditor for ai leasl Iwelve monihs after the reporting dale. Ir there is an unconditional righi 10 defer seltlemeni for ai least twelve monihs after the repoff ing dale. they are presenled as non-curreni liabililies. Borrowlnv Inr¢St-bearins borrowings are iniiially Orded 91 fair value, net of iransaction costs. Interesl-bcaring borrowings are subsequently carried al amortised cost, wilh the ditTer¢nce belween ihe proceeds. nei of trnnsaciion cosis. and the amount due on redemption Ixing recognised A$ a charge 10 ihe Sialemenl of Financial A¢iivilies over th¢ period of the relevant borroivin8. Interest expcnse is recognised on the basis of lh¢ effective inleresl method and is included in inieresi pAy&ble and similar charges. Borrowings are classified as Curreni liabilities unless the charity has an un¢ondilional right to defer settlement of the liability for al least Iwelve months after Ihe r¢portin8 dat¢. Forelgn exebaDge Transaclions in foreign CUTrencics are recorded al lh¢ rate of exchange al Ihe date of ihe Iransaclion. Monelary assets ond liabilities denominated in foreign currencies al the balance sheci date are report¢d at th¢ rdl¢s of exchange prevailing at that dale. Oiher exchange dilTerences gr¢ recognised in the slatemenl of financial activities in ihc period in ivhich they arise excepi for: l) exchange dlfferen¢es arisin8 on 8ains or losses on non.monelary items whi¢h are reco8nised in other comprehensive income and expenditure. Fund structhre Unrestricled income funds are general funds ihal ar¢ available for use al the Irusl¢¢s discretion in furtherance of Ihe objectives ofihe charity. R¢stricl¢d income funds 8r¢ Ih03¢ donat¢d for use in a particular area or for specific purposes. the use of whi¢h 1$ resiri¢ted to that area or purpose. Page 22
Nutlry Hall Notes to the Financfial Statements for the Year Ended 31 March 2025 PeDsioDs and o¢h¢r post retir¢m¢Dt obllgitloDs The ¢harity is part of th¢ Mercury Provideni Pension Sdkrn4 which is a (kfined benefit xhem¢ ond a colle¢(ive schernc for a number of employers. Because of the large number of participating employers and the variety of financial reporting daics. it has been deemed prJrticable or financially viable io produce the inforny81ion necessary to allow pariicipating employers lo omply fully with Ihe requiTements of Financial Reporting Stsndard 17. The pension cosls charged in the financial slalcmenls therefo represent the coniribulion5 payable by thc charity during Ihe year up uniil transiiional adjusimenl made in 2017 annual accounls restsiing comparatives by accouniing for Nuiley Hall's share of Ihc deficit os a cost and liability. In fuluTe all annual contyibuisons will decrease the defi¢ii up unlil the nexl lriennal acturial valuaiion due as 01 21 December 2027 ivhere the correcled value movement will be cxpcnscd or incomcd in the riJ)ancial Matements to brin8 the liability in line with the lalest valuation. Nutley Hall is meetin8 its obligations iyiih regards lo the MPPS according to the pymenl schedule. Based on ihe mosi Curreni valualion ihe deficit is due lo be fully funded al 2033. In between valuaiions the defi¢il is usually reviewed annually again* correspondence received and current economic climate and adjusted in the same way if considercd appropriatc. whil awaiting lh¢ next Triennial actuarial valuation Nuiley Hall is thking Ihe prudent approach of the CUTrenl value since ihe last review less pa)'ments due made. rniher Ihan adjusting the liabiliiy ¢0 interim fore¢as The laiesi irlennial a¢tuorial voluition as 8129 December 2024 shows o scheme deficit of £5.490 million. Pension scheme asyels are valued al fair vaiuc al ihe valualion dale. Pension s¢hcmc liabililies ar¢ m¢&sur¢d on an actuariol basis usin8 the projected unil method and are discounted io their presenl valu The scheme trnstees and participaiing employers decided to close Ihe scheme lo further bcnefil accrual on 31 December 2008, and future ¢oniribuiion levels will b¢ calculated as io elirninale the scheme deficit over agreed period. To replace this schcn)e the charity has 1 up a defined ¢ontribution pension scheme for ivhich all statT are eligible. The pension costs charged in the fJnan¢ial stsiem¢nts represent the ntributIonS pay8ble by the charity during the year. FIDanelil In5trnm¢uts Classlficallon Financial &ssets and financinl liabilitle5 arc recogniscd when the charity bec(e$ a pprty io th¢ conirnciual provisions ofihe inmrumeni. Financial liabilitics and equity inslrumcnis aT¢ classifled according lo ihe Subs of the contractual arrangemenls entered inlo. An equity inslrumenl is any ¢ontrdcI that evidences a residual inte¥esi in the &ti$ of ihe charity afier dedurAing all of its liabilitie& Page 23
Nutley Hall P4otes to the Financial Statements for tbe Year Ended 31 March 2025 Recognition and measuremenl All financial assets and liabilities are iniiially measured at transaclion price (including transaclion costs). ex¢epi for those tinanCi eIlfied as fair value through profil or loss, which are iniiially measured ai fair value (which is nomially the tranmction price excluding transadion costsx unless the arrdngemenl constitutes a financing transa¢iion. If an rng¢m¢nt ¢onsiitui¢s a financing iransac1i0 the fuwKial asset or financial liability 15 measured at the present value of the future payments discounted at a markei re of Intere for a Similar debt IMent. Financial assets and liabslilies are only otTsd in the statement of financial position when. and onty when there ex1$ a legally enforttable right io sd off the recognised amounts and the charity iniath either lo settle on a basis. or to realise the asset and settle th¢ liability 3jmyltsneoly. Financial assets are der¢cognis¢d when and only when a) the ContraUal rights io the cash flows from ihe financial asset expire or sertled, b) the charity transfers to another party subaniially all of the risks and rewards or own¢Tship of the financial assrf. or c) the charity, despitr having retained some. but nol all, significani risks and r¢ward5 of ownership, transferred control of the assei lo anoiher paty. Financial liabiliiies are dere¢ognised only ivhen the obligaiion specifled in the ¢onirJth is diharged, cancelled or expires. InvestnKnts Investments in non-convenible preference shares and nofvputtable ordinary or preference shares {where shares are publicly trdded or their fair value is reliablv measurable) are measured ai fair value through profit or loss. Where fair valu¢ ¢annoi be measured reliably. investsnents are rneasured al cost less impairmenl. Falr value me4LTMremen¢ Th¢ best eviden¢¢ of fair value is a qued price for an idenlical assd in an active markd. When quoied prices are unavailable. Ihe price of a re¢enl Iransaclion for an idenlical asset provides evidence of fair value as long as there has noi been a signifieani change in economic circurnstsnces or a significani lapse of iirne since the transaction took place. If the markcl 15 not Ktive 8nd Teceni transa¢iions of an identical assel on their are not a good cstimate of fair value, the fair value is eiMated by using a valuation ttthnique. Page 24
Nulley Hall Notes to the Financial Statements for the Year Ended 31 March 2025 JudgtmtDts Dderniinaiion of whdher ihere are indicalors of impa1¢nI of thc Charity's langible asseis. Fathors taken inio ¢onsideration in reaching such a decision include ihe economic viability and expected fuiure financial perforn)ancc of the asset. Key sourtes of estlmatlon UDcertaiDty Tangible fixed assels are depreciaied ovcr iheir u5efiJl lives tsking into accounl residual iialues. where appropriate. The 8Ctual lives of the 8sseis and residual valucs are assc5s¢d annually and may vary depending on 8 number of raciors. In re-assessing lives. factors such as technological innOvl0n, produd lif¢ ¢y¢lu and maintcnan programmes are tsken inio account. Residual value assessmenls consider issucs such as fviurc markct ¢ondition5. Ihe rcmaining life of Ihc asset and projccled disposal values. The carrying amounl is £2.760,910 (2024-£2,611,679). The recoverability of book dcbis 15 reviewed by management and a provision is made based on all the inforniation Ivailable. The carrying amounl is £4.780 (2024 .£4,780). 3 Income from donatlons Ind le8a¢lt8 Uthnstrkted funds General Restrlcied funds Total 2025 Total 2024 Donalions and l¢Eaci¢s: Donaiions from individuals Legacies Grnnts. including capital 8ranls: Government grants 33.683 41.292 7,359 521,657 13.779 33.683 41.292 542.795 4 Income from chlrhable *ctfvltles Uthmstrltted funds General Totsl 2025 Total 2024 Residential home and athivities 2266,937 2,266,937 2,083,561 Page 25
Nutley Hall Notes to the Financial Statements for the Year Ended 31 Marth 2025 S Investment Intomt Vnrestrl¢ted funds General Restricted funds Total 2025 Total 2024 Interes¢ receivable and similar income" InreSt receivable on bank d¢sit5 Other income from fixed asset inves¢menlS 24.868 136 25,IXI4 18.766 177 177 190 25,045 136 25,181 18.956 6 Exp¢nditsre on eharliable aetfvlties Uorestrlded funds Ggn¢ral Restritted funds Total 2025 Totsl 2024 Note Re5identi&l home and activities Depreciation, amortisation and other similar costs Siaft costs Governance cosls 590,749 947 591.696 721,116 97,219 ,338,955 14,614 8.822 106,041 1,338,955 14.614 99,627 1.163,711 13.455 2,041,537 9.769 2.051,306 1.997,909 In addition lo Ihe expendilure analysed above. there are also governance costs of £14.614 (2024 - £13,455) whi¢h relate directly lo charitable activities. Sc¢ no¢e 8 for furth¢r detail& 7 Mereury provident pension fuDd delleh UDrestrlcted Tot*1 2025 Genernl Fund deficit (248,555) (248,555} (248,555 Page 26
Nutlry Hall Notes to the Finan¢lal Ststements for the Year Ended 31 March 202S 8 Anatysls of govtrnne #Dd support tosts Governance ¢osts Uorestrleied fllnds GeDer*l Totsl 20Z5 Totsl 2024 Audil fees Audil of the financial swemen Olher fee5 paid to oudilors Legal fees 7,174 2.400 5.040 7,174 2.400 5.040 6,200 1,900 5,355 14,614 14.614 9 Net Ineomlnwoulgolng resourc Nrf incoming resources for the year include: 2025 2024 Audit fees Loss on disposal of fixed held for lh¢ charity's own use Depreciation of fixed assds 7,174 1,382 104,659 6,200 229 10 Trustees remuDeratloD and expenms Durin8 the year the charity made Ihe following transaclions with trustees.. No remuneration or expenses was paid lo the truAeeJ for their services u truslee4 lWeVer Temuncraiion of £95,930 {2024 - £84,889) was the lotal cosi of l trusiee for their anploymeni as chief executive orricer included in Siaff costs, as authorised by ihe memorandum of association. Thknry are now a¢¢ruin8 Ixnefits under the replacement money purch&%e scheme. Pag¢ 27
Nutley Hall Notes to the FiD2nel21 Statements for the Year Ended 31 March 2025 I I Stsff costs The aggrega* payroll costs ivere as follows: 2025 2024 Siaff eosts durlng the year were: Wages and salaries Social security cosls Pension costs Other stsff costs 1.158.395 85.219 29.313 66.028 980.171 70.512 23.978 89.050 lJ38,955 1.163.71 The monthli. average number of persons (including senior management I leadership leam) employed bv the tharity during the yrar expreued as full lime equivalents ivds as foll 2025 2024 Care Staff Administralion 43 43 46 The toial remuneralion of key management for the year £191.386 (2024 - £173.093) and no expenses were reimbursed in either year. The number ofcmployees ivhose ¢rnoluments f¢ll within the following bands 2025 2024 £80,001- £90,1 £90.001- £100.000 12 Taxatlon The charity is a registered charity and is therefore exempt from Corpordlion Tax. Page 28
Nutley Hall Notes to the Financial Statements for the Year Ended 31 March 2025 13 Tanglble fiied assets LaDd and builditigs Furnithre 2nd equfipmtnt Motor vehl¢lts Total Cost At l April 2024 Addilions Disposals 4.035J35 215.593 188,575 14.01 84.795 25.589 9.199 4,308.705 255,193 18.451 Ai 31 March 2025 4.250,928 193J34 101,185 4,545.447 DepreciatloD Ai l April 2024 Charge for the year Eliminaied on disposals 1.487,155 88.965 148.889 9J50 (8.704) 60.782 6.344 (8.244) 1.696.826 104,659 (16 948 Al 31 Morch 2025 1,576,120 149.535 58.882 1.784.537 Net book VAlpe At 31 March 2025 1674,808 43,799 42.303 2.760,910 At 31 March 2024 1548 180 39,686 24.013 2.611.879 Land and buildings are recorded ai hiAorical cost in the fuwicial SWeMen however the insured value of the buildings at the last renewal in June 2024 is £12.499,390. 14 Flxed asset investmeDts 2025 2024 Other inVeMents 555.314 541.898 PaEC 29
Nutley Hall Notes to the Financial Statements for tbe Year Ended 31 March 2025 Other investments Listed knvestmettts Unlisted finvestmtnts Total Cost or Valuation At l April 2024 Revaluation 539.832 13213 541,898 13,416 203 At 31 March 2025 553.045 2.269 555,314 N¢t book valu¢ At 31 Mawh 2025 553,045 1269 555.314 At 31 March 2024 539.832 541.898 IS Debton 2025 2024 Trade debtors Prepayments A¢¢Tued in¢ome Other debtors 63.966 16.712 6.597 345 29.713 14.151 36,158 318 87.620 80.340 16 Ca$b and ush ¢quival¢nts 2025 2024 Cash on hand Cash at bank Short-lerni dcposits 5,548 290.330 490.811 246.713 518.150 767,962 786,689 Page 30
Y4utley Hall Notes to the Financial Statements for the Year Ended 31 March 2025 17 Credltors: AmOIIDts falling due within one year 2025 2024 Trade crediwrs Other loans Other tsxation and social security Other creditors Other ¢reditors- Mertury Pension futKI deficit Accrnals 85.811 61,993 67.656 57,376 15,775 19.371 70,499 34,406 8.564 74.024 42.900 273.292 265.083 Other borrowlnv Hernies Loans are sKur¢d by way of a legal charge on the freehold properties owned by Nutley Hall, namely 08klea and Gorsdene. The iotal 8mouni of inieres¢ chwRed ai o denomina¢ed rnle of 4% in ihe period was £10.149 (2024 - £10.895). The lotal carying amounts on remaining other loans at the year eJKI £220,660 (2024- £281,331) , with the final monthly in&1Ment due in June 2028. 18 Credltors: amounts f*lllng due after one year 2025 2024 oiherloons Other ¢redilors- Merry Pension lynd deficit 158,668 256.976 223,956 579.556 415,644 803.512 Included in ihe ¢rediiors are the following amounts due after more ihan five years: 2025 2024 After more than five years by ins¢almen¢s 260,768 Pa8e31
Nutley H211 Not¢$ to the Financial Statements for the Year Ended 31 March 2025 19 Fttnds Balance at I Aprll 2024 Incoming resou£$ Resourees expended BalADte at 31 Marth 202S Unrestrltted funds General General Fund 2.667,075 2,299.591 (1.792,982) 3,173,684 Restrieted funds Residents Mutual Fund Riding and Sports Fund New Buildings Fund Staff Party Fund Coblev Donation Fund 3,403 4.223 275,110 400 2,000 48 88 33,683 {55) (568) {8,767) (379) 3,396 3.743 300.026 21 2,000 Total restricted funds 285.136 33.819 (9,769) 309,186 Total funds 2.952.211 2,333,410 (1,802.751) 3,482,870 Bal*ll¢¢ #t I Aprll 2023 R¢50ur¢es expended Balance at 31 Marth 2024 r¢50ur¢es Unrestrieted funds Generrtl General Fund 2.016,815 2.639,901 (1,989,641) 2,667,075 Restricted Residents Mutual Fund Riding and Sports Fund New Buildings Fund Stsff Party Fund Cobley Donation Fund 3.363 4,817 277,413 40 77 5.294 3,403 4.223 275.110 41)0 2.000 (671) (7,597) 2.OiXI Total res¢rl¢ted lld$ 287.993 5.41 (8.268) 285.136 Total funds 2,304,808 2,645.312 {1,997.909) 2.952.211 Page 32
Nulley Hall Notes to the FSDanclal Statements for the Year Ended 3J March 2025 The speciflc purposes for which ihe fimds ere to be applied are as folloivs: The Residents, Mutual Fund comprises a deposilory fundcd by thnalion4 from which residents can draw in cases of financial need. at ihe dis¢rdion of the reg)ered manager. The Ridin8 and Sports Fund comprises i deposilory fvnded by donations. (rom which Tcsidents will only pay half the of ihe attivities then the remaining co is paid from the fund. The New Buildings Fund comprises of donalions raised io 1p fimd new buildings and improvemenis to exisiing building& The Staff Party Fund was a donalion to Nudey Hall to facililale stsff party in recogniiion of their hard work. Cobl¢)' Donation Fund is a donation made lo be used in the fuiure for somethin8 specfic when the need arises. 20 Analysis of Del assets betwttn fuDds UDrestslcted Tot1 funds 74t 31 March 202S Gener•1 Restrl¢t¢d Tangible fixed assets Fixed assel investments Currenl assets Curreni liabilities CTtditors over l year Total nei assets 2.460.125 555J14 847.181 (273.292) 415.644 31)0,785 2,760,910 555,314 855.582 (273292) (415.644 8,401 3 173.684 309.186 3.482,870 Unrestrleted flltsds CeDerAI Tal funds It 31 MAreb 2024 Restrltted fuDd5 Tangible fixed assets Fixed asset invesments Curteni asse Curffni liabiliiies Creditors over l year 2,336.771 541.898 857,1101 (265,083) (803,512 275.108 2.611,879 541,898 867,029 (265,083) {803.512) 10,028 Total net asscts 2.667,075 285,136 2.952,21 Pa8e 33
Nutky Hall Notes to the Financial Statements for tbe Year Ended 31 Marcb 2025 21 Related party transaetlons During ihe year the charity made the following l81¢d party transartions: DoDalions from Trustees Toial amount of donalions received in aggrcgale wilh0 conditions from tntstees in Ihe year was £133 (2024 - £266). Ai the balance sheei dale the amount due trroM Donaiions from TnEsiees w&$ £Nil (2024- £Nil). Rental from Trnstee Nutley Hall has renied oui accommodation Irom a Tnce R Croivther on severnl occasions uniil oober 2024. The tothl amouni paid to R Cromoher in financial year £2400. At the balan¢¢ sheei dale the amouni du¢ iolfrom io Rentsl from Truslee was £Nil12024- £650). Pag¢ 34