Registered number: 01746654
Charity number: 514418
THE BROOMGROVE TRusr
(A company limited by guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE BROOMGROVE TRUST
IA company limited by8uaranteel
CONTENTS
Page
Reference and administrative details of the charity. its Trustees and advisers
Chalrman's statement
Trustees. report
Independent audltor's report on the financial statements
10-13
Statement of financial artivities
14
Balance sheet
15-16
Statement of cash flows
17
Notes to the finanual statements
18-34

THE BROOMGROVE TRUST
IA company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Mr M N Pestereff FCA FCILT, Trustee (stepped down from Chairman to Trustee 11
December 2023)
Dr A Anderson MA BM BCH FRCP. Chairman (accepted 11 December 20231
Mrs J Cooper RGN. Trustee
Prof. C Franklin OBE FRCPoth. Trustee
Mrs S Holmes. Trustee
Company registered
number
01746654
Charity registered number 514418
Registered office
30 Broomgrove Road
Sheffield
S102LR
Telephone- 0114 2661311
Email enquiries@broomgrove-trust.co.uk
www.broomgrove-trust.co.uk
Secretary
Miss A T Needham MAAT
Senior management team
Ms Judith Warburton, Registered Manager
Mrs Janet Biggin, Clinical Nurse Manager
Mrs Tracey Smithur5t, Clinical Nurse Manager {resigned 4th June 20241
Independent auditor
BHP LLP
2 Rutland Park
Sheffield
SIO 2PD
Bankers
HSBC Bank
17 Church Street
Sheffield
SI 2GJ
Solicitors
In common with many organisations, The Broomgrove Trust uses a number of solicitors
dependin8 on their expertise (amongst other factors). The Trust's solicitors for normal
business are
Wrigleys Solicitors LLP
19 Cookridge Street
Leed5
LS2 3AG
Patron
MrA J Coombe DL FCA
Page I

THE BROOMGROVE TRUST
{A company limited by guarantee)
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
The chairman presents his statement for the year.
It has been a challenging year for the Broomgrove Trust and who would have thought, at the time of writing this report,
we would still be dealing with the effects of the pandemic and rise in the cost of living.
We continue to develop an increasingly inclusive culture, to work hard on staff wellbeing and to invest in all of them
through mandatory and development training.
Broomgrove has recently purchased a holistic software system for the care sector called PredicAire. Care plans are now
digital. which should support staff in ensurin8 that they are personalised, relevant and updated in real time. Key
information should be easier to find, with better analytics and improved outcomes for residents as problems in
individua15' health and trends should be spotted more readily. With familiarity. documentation should take less time so
more is spent with our residents.
The main factors which influence our financial performance are occupancy levels and staffing costs. Occupancy rates
reduced during the year as vacant rooms have taken lon8er to occupy. This could be down to the cost of living crisis which
shows no sign of abating.
Broomgrove's nursing staff 5pecialise in palliative care which makes Broomgrove a location of choice lor individuals with
more complex nursing needs. Residents are Still at the forefront and we will continue to offer a high level of care alongside
encouraging participation in activities and promoting wellbeing.
I have to acknowledge that we continue to face financially challenging times. This yearfs operating results were
disappointing with the charity reporting an operational deficit. Total resources expenditure of £2,549,832 are 14% higher
than 2022123 resulting in a net operational deficit of {£61.8641. Managing cost5, especially minimising the use of agency
Staff, which regrettably has been unavoidable. and focusing on a range of actions to achieve a planned improvement in
our financial position will remain paramount.
15hould like to thank our Home Manager, Judy Warburton. along with all the other members of staff, for their continued
hard work and dedication to providing a high level of care at Broomgrove.
I conclude by thanking all the trustees for their time and commitment.
Dr A J Anderson
Chairman
Date:
Page 2

THE BROOMGROVE TRUST
(A company Ilmited by guaranteel
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their report and the audited financial statements of the charity for the year ended 31 March 2024.
The Trustees have adopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting
by charities" IFRS 1021 in preparing the annual reF)Ort and financial statement of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts
and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reportin8 by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reportin8 Standard applicable in the UK ond Republic of Ireland published in October 2019.
Objective5 and ortivitles
a. Plans for future periods
We review and update future plans and objectives of the charity on a regular basi5.
Improving and maintaining standards
The quality of care will continue to tmprove through the recruitment. development and retention of effective and caring
Staff, receivin8 appropriate trainin& within a managed-risk environment. The residents, social well-being will be improved
through extended activities and opportunities. The physical environment will continue to be improved through
investment in renovation and redecoration throughout the home. The Trustees wish to maintain the best of the caring
practices and traditions inherited from the past and continue to develop these to meet the challenges of the future.
Particular care continues to be taken to protect residents and staff from infection by the COVID-19 virus.
Achieving a sound financial basis
The charity will continue to develop its services to create opportunities to generate new income to assist in the
achievement of a balanced budget. thereby helping to share the costs facing its residents across a wider base. Steps to
improve financial accounting and management have been undertaken to assist in better cost control and value for money,
in particular the Trustees have decided to use professional asset managers to manage part of the free reseNe5. The Trust
owns the freehold of the property in which the Nursing Home is located.
Marketing and business development
A marketing strategy is being followed to achieve a high level of bed occupancy* enabling prices to remain competitive
and affordable for our clients, whilst protecting the charity's financial viability through the achievement of acceptable
annual surpluses, to fund re-investment Imaintaining 3 'not-for-profit' eth051.
Page 3

THE BROOMGROVETRUST
IA company limlted by guarantee)
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Achievements ond performance
a. Review of resuhs and financial posltlon
The Trustees are to report a deficit of1£61.8641 for the year ended 31 March 2024. 12023.. deficit of £13.7361. Overall
Income has increased this financial year which is mainly due to an increase in residents. fees from June 23. The most
significant operating expense is payroll. with staff costs accounting fof 77% of our operating expenditure. The control of
staffin8 levels and costs is regarded as a priority by the Trustees and management team and this year staffing costs have
been a challenge mainly due to staff sickr7e5s and staff vacancies. Non- staffing costs have increased by £84,000 on the
prior year as a direct result of the on-going cost of living crisi5. Most of this increase was on fuel, light and power up by
£37,000, repairs and renewals up by £29,0￿ and the prite of food up by £12.000. There was also a slight increase on the
Water Rates, Council Tax and Insurance of £6,000. All these increases are imparted by what 15 going on outside our
control and have a knock -on affect to businesses. The only major capital expenditure incurred in this financial year was
the purchase of a new Supra Linea inclined platform lift for £10,000. The level of free reserves has decreased for this
financial year mainly due to the drop- in bed occupancy levels. For accounting purposes, the deficit of1£61,8641 above is
decreased to {£51,0531 by the recognition of unrealised and realised investment gain.
b. Review of artivities
The principal activity of the charity during the year continued to be the promotion. management and maintenance of a
Nursing Home.
c. Going concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the company has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the
going concern basis in preparing the financial statements.
d. Investment poliry
Investec Wealth and Investment Ltd continue to manage the portfolio on behalf of the Trustees. The account is to be
managed on a discretionary basis with an investment strategy of medium risk and an income objective of 3Yo per annum.
A benchmark has been set made up of 27.5% fixed interest investments. 57.5% equities and commercial property and 15%
cash and alternative investments. The Trustee5 receive a valuation of the portfolio on a quarterly basis and at least
annually a manager from Investec presents a verbal report to a meeting of the Trustees. At the board meeting held in
September 23 the focus was switched to one of capital potential rather than income.
Page 4

THE BROOMGROVE TRUST
(A company lim4ted by guarantee)
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORn (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Strurture. governance and management
a. Objectives and aims
The objects of The Broomgrove Trust ore to provide convalescent, nursing and respite care for the sick and aged in the
Sheffield area. It does this through the provision of fully-serviced nursing accommodation for its residential and respite
patients. The demand for small self-contained flats is reduced and at the 31st March 2024 only I remained and will not be
re-let when it becomes vacant. The Trust is fully registered with all required regulatory bodies.
b. Governing document and Trustee appointment
The Charity. The Broomgrove Trust, is a company limited by guarantee and governed by its Memorandum and Articles of
Association.
The Trustees, listed on page l are all members of the company and liability is limited to £1 per member in the event of the
charity being wound up.
New Trustees are recommended by existing Trustees. with referente and regard to the skills requirements of the board
which are periodically reviewed by the board.
Upon appointment. Trustees receive access to the governing
documentation and are briefed by the Chairman on the current status of the company. All Trustees are encouraged to
attend external training to keep up to date best practice and legislative requirements.
c. Pay policy for senior stsff
Broomgrove's Board of Trustees (all volunteers) delegate the safe and effective running of the charity to the management
team.
Broomgrove's Management team comprises the following two members with a vacant position for a part time Clinical
Nurse Manager. At the time of writing this report the position had been filled in house. initially for a probationary period.
Name
Role
Length of
service
19 years
Qualifications
Ms Judith Warburton
Manager
SRN, RSCN. Dip N. EN8998
Vacant Posilton
Clinical Nurse
Mana
er
Clinical Nurse
Mana
er
rt time
Mrs Janet Biggin
15 years
SRN
Remuneration for the Management team is determined by the Board of Trustees. Levels of remuneration are set to
ensure that Broom8rove attracts 8aod people into these critical roles. with reference to market conditions and the
specific skills required. The Management team's performance is monitored by the Board.
d. Organisational strurture
The nursing home is managed principally by the Nursing Home Manager, together with a staff of 94 full and part time
employee5, under the direction of the Trustees. Financial accounting and payroll services are provided under contract bv
St Luke's Hospice on an arm's length commercial basis. There is no element of cross subsidy arising from this relationship.
Page 5

THE BROOMGROVETRUST
IA company limited byguarantee)
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Strurture* governance and management (continued)
e. Risk management
By closely monitoring and assessing the current and emerging risks that have the potential to impact our activities. we can
make the best decisions for our residents and our long-term sustainability.
Overall approach:
The Board of Trustees considers strategic and financial risks on a regular basis and a sub-committee of the Board has been
established specifically to cover clinical risks (Clinical Governance Committee).
Broomgrove engages an external organisation to support it5 risk assessment- risk management and health & safety
processes and policies and procedures are designed to enable the achievement of the charitws objectives while
controlling the risks a5SOClated within the environment in which it operates.
The reporting of risks and the monitoring of actions and controls are conducted by management as part of the
governance arrangements. who routinely report the findings to the Trustees. The Trustee5 Utilise the information to
prioritise strategic and operational risks and ensure risk action plans are devised and implemented.
The principal risks and uncertainties affecting the charity and their potential impact, together with the means by which
they are managed are as follows:
Flu/COVID-19.'
The Directors have reconsidered the impact of COVID-19 on the charitvs activities, workforce and supply chain. as well as
the wider economy and downgraded the impact on the charity. Covid is still an infection which appears from time to time
much like Flu and we manage it within the general airborne diseases policy. Staff can return to work following a covid
diagnosis, but a risk assessment needs to be completed to ensure resident safety. The risk of mortality was high but is no
lon8er the case.
The Board has prepared forecasts of income and expenditure ènd cash flow for the period to 31st March 2025 and
projections to 31st March 2026. They have subjected these forecasts to sensltivity analysis which shows that they have
sufficient reserves to be able to continue for the foreseeable future.
The Trustees have concluded that the charity remain5 a going concern whilst such viable options are available to it. The
Trustees therefore continue to adopt the going concern basis of preparation for these financial statements.
Flnancial Risks
Reduction in occupancy
Potential impact: the majority of income is derived from residents, with the associated risk that occupancy falls below
budget, causing a drop in revenue and resultant pressure on cash flow.
Mitigation.. the charity continues to focu5 on continually improving the quality of services and facility to ensure as high an
otcupancy rate as possible, along with prvdent budgetine and ensuring sufficient reserves are retained to meet
unexpected deficits. If occupancy reduces or rises, staffing levels are adjusted to match demand.
Page 6

THE BROOMGROVE TRUST
{A company Ilmited byguarantee)
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Strurture, governance and management {continued)
Agency Costs
Potential impact: appropriate staffing leve15 are required to ensure that the correct level of care is provided. With a
shortage in qualified nursing staff acr055 the sector, the charity may be required to Use agency staff who cost considerablv
more than their own staff.
Mitigation.. Monthly tracking of budget against actual performance including agency usage is undertaken and reported to
the Trustees.
National Minimum Wage and Pension increase
Potential impact.. a number of employees have salaries based on the statutory National Minimum Wage/National Living
Wage or close to this. As such, legislative increases in the National Minimum Wage and Living Wage, which are in excess of
income inflation. could reduce profitability.
Mitigation.. the Trust budgets carefully for National Minimum Wage/Living WagelPension cost increases and the impact
on its cash flow and profitability.
Reputational risk
Potential impact.. a serious incident or harm to one or more residents could result in negative publicity. Such incidents
may result in an increase in scrutiny from regulators as well as from residents and their families.
Mitigation.. in order to mitigate this risk as far as p055ible. we have carried out substantial employee training, employee
inductions and employee reference procedures, including a criminal background check for all staff. This risk. in particular.
Is monitored by the Clinical Governance Committee.
Regulatory risk
Potential impact: the regulatory requirements cover the entire range of the nursing home's function. Failing to complv
with regulations including the CQC registration and standafd of care. can result in the levy of fines and/or the revocation
or suspension of registration or temFK)rary suspension of placements. A temporary suspension would have a significant
effect on income a5 It directly and negatively affects occupancy.
Mitl8ation= the charity self-assesses against the key tests used by the regulatory authorities and works closely with South
Yorkshire Integrated Care Board /Sheffield City Council to improve practices for care and for the recording of the history of
the residents, treatment in order to improve the level of care and to improve Broomgrove's rating.
The Clinical Governance Committee of the Board monitors and investigates all reported incidents and èccidents.
The aforementioned external agency engaged to identify and mitigate health and safety requirements undertake
independent assessments of health and safety standards at Broomgrove. including ensuring that risk assessments are
current and significant findings are reported to management.
All accidents, incidents and near misses are investigated and where necessary full root cause analysis is undertaken.
Incidents, where required. are reported under RIDDOR.
We are visited regularly by South Yorkshire Fire and Rescue as part of the services of familiarisation and we maintain
independent contractors to check and service the lighting. fire alarm and extinguishers.
Page 7

THE BROOMGROVE TRUST
IA company limited by guarantee)
TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORn ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management (contlnued)
We have been currently inspected by the local authority IThe Regulator) for food hygiene and maintain our 5-star rating.
f. Reserves policv
In drawing up the reseNes policy, Trustees are mindful of the need to balance financial prudence with the importance of
getting money to the front line quickly. Holdin8 reserves allows us to navigate unexpected drop5 in income or sudden
short-term increases in expenditure. protecting us against risks {some of which are mentioned above) and include COVID-
19 risks.
The level of reserves required is determined using a comprehensive budget ènd cash flow forecast. Regular updates and
monitoring of these are corried out to ensure that a surplus is achieved and cash flow is adequate for the needs of the
Trust.
The Trustees consider a cash and investments balante in the region of £270.ory) to £370.000 to be a reasonable amount
to provide for unforeseen financial fluctuations. The Trustees, target is that free reserves (being net current asset5 plus
investments) are in the same financial range of £270.000 to E370.000, as the Trustees are mindful that the calculation of
free reserves will exclude any cash balances that are already committed or designated. As at 31 March 2024. free reserves
were £322,688. The focus in the coming year and beyond will be to maintain the current level of cash and free reserves at
the figure stated in the policv.
8. Information on fundraisin8 practice5
Broomgrove is not currently registered with the fundraising regulator. DurinE the year we have not appointed anv
professional fund-raiser to support the work of the charity or undertaken any specific fundraising activities. We have
received na complaints in relation to fundraising activities.
h. Publlc Benefit
In planning and delivering our services and activities, the Trustees and management of The Broomgrove Trust have given
due regard to the need to ensure that the nursing home provides public benefit following the Charity Commission's
guidance on these matters. The practices developed at Broomgrove have been used as templates by other nursing homes
in the city and beyond. Beds are specifically retained so that recuperation from surgery and short-tefm respite stays can
be offered. This facility is not widely available elsewhere.
A residents. support fund has been established to provide funds to a55i5t residents who may encounter financial
difficulties.
The Broomgrove Trust offers its services to all members of the public. and operates on a not-for-profit basis - providing
superior medical access. attended nursin& and activities 5UPPOrt
as well as offering subsidised accommodation to
residents. The Trust keeps sight of its charitable objectives and will continue actively to support clients where this is
appropriate for their well-bein8 and welfare.
Page 8

THE BROOMGROVE TRUST
IA company Ilmlted by guarantee)
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Statement of Trustees, respOn￿bI1ftles
The Trustees (who are also directors of The Broomgrove Trust for the purpose of company law) are responsible for the
preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Prartice).
Company law requires the Trustees to prepare financial statement5 for each financial year. Under company law the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state
of affairs of the charitable company and of the incoming resources and applicatlon of resources, including the income and
expenditure, of the charitable company for that period. In preparlng these financial statements. the Trustees are required
to:
select suitable accountln8 pollcles and then apply them consistently;
observe the methods and principles of the Charities SORP 2019 IFRS 1021.
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed;
prepare the financial statements on the going concern basis unless It Is Inapproprlate to presume that the
charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting record5 that disclose with reasonable accuracy at any time
the financial position of the charitable company and enable them to ensure that the financial statements comply with the
Companies Act 2LK)6. They are also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detertlon of fraud and other irregularities.
Dlsclosure of Informatlon'to auditor
Each of the persons who are Trustees at the time when this Trustees. report is approved has confirmed that:
there is no relevant audit information of which the charitable company's auditor is unaware; and
the trustees have taken all the steps that they ought to have taken to make themselves aware of any relevant audit
information and to establish that the auditor is aware of that information.
Audltor
The auditor, BHP LLP, has indicated their willingness to continue in office. The designated Trustees will propose a motion
reappointing the auditor at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and si8ned on their behalf by:
Dr A Anderson MA BM BCH FRCP
Chairman/Tru5tee
Date:
Page 9

THE BROOMGROVE TRUST
IA company Ilmlted by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BROOMGROVE TRUST
Opinion
We have audited the financial statements of The Broomgrove Trust (the 'charitable companw) for the year ended 31
March 2024, which comprise the statement of financial activities. the balance sheet, the statement of cash flows and
notes to the financial statements. including significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitable companrfs affairs as at 31 March 2024, and of its incoming
resources and application of resources, including its income and expenditure. for the year then ended,.
have been properly prepared in accordance with United Kin8dom Generally Accepted Accounting Practice- and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for opinion
We conducted our audit in accordance with International Standards on Auditing IUKIIISAS IUKII and applicable law. Our
responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial
statements section of our report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and
we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in
the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions
that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authofised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant
sections of thi5 report.
Other information
The other information comprises the information included in the trustees, report, other than the financial statements and
our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial
statements does not cover the other information and. except to the extent athenvise explicitly stated in our report, we do
not express any form of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so.
consider whether the other information is materially inconsistent with the financial statements or our knowledge
obtained in the course of the audit or otherwise appear5 to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether thi5 gives rise to a material
misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is
o material misstatement of this other information. we are required to report that fact.
We have nothing to report in this regard.
Page 10

THE BROOMGROVE TRUST
IA company Ilmited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BROOMGROVE TRUST (CONTINUED)
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report. which includes the directors, report prepared for the purposes of
company law, for the financial year for which the financial staternents are prepared is consistent with the financial
statements,. and
the directors, report included within the trustees. report has been prepared in accordance with applicable legal
requirements.
Matters on whlch we are requlred to report by exceptlon
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of
the audit, we have not identified material misstatements in the directors, report included within the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to
report to you if. in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been received from
branches not visited by us; or
the financial statements are not in agreement with the accountin8 records and returns- or
certain disclosures of trustees, remuneration specified by law are not made: or
we have not received all the information and explanations we require for our audit: or
the trustees were not entitled to prepare the financial statements in accordance with the small companies. regime
and take advantage of the small companies, exemption5 in preparing the directors, report and from the requirement
to prepare a strategic report.
Responsibilitles of trustees
As explained more fully in the trustees. responsibilities statement, the trustees (who are also the directors of the
charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and
for being satisfied that they give a true and fair view. and for such internal control as the trustees determine is necessary
to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or
error.
In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to
continue as a going concern, disclosin& as applicable. matters related to going concern and using the going concern basis
of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no
realistic alternative but to do so.
Auditor responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as è whole are free from
material misstatement. whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS
IUKI will always detect a material misstatement when it exists. Mi5Statements can arise from fraud or error and are
considered material if. individually or in the aggregate. they could reasonably be expected ta influence the economic
decisions of users taken on the basis of these financial statements.
Page 11

THE BROOMGROVE TRUST
(A company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BROOMGROVE TRUST ICONTINUEDI
Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures in line
with our responsibilities. outlined above, to detect material misstatements in respert of irregularities. including fraud. The
extent to which our procedures are capable of detecting irregularities. including fraud is detailed below:
the senior statutory auditor ensured that the engagement team collectively had the appropriate competence,
capabilities and ski115 to identify or recognise non-compliance with applicable law5 and regulations,.
we identified the laws and regulations applicable to the charitable company through discussions with management
and trustees and from our kllowledge and experiences of the sector:
we focused on specif ic law5 and regulations which we considered may have a direct material effect on the financial
Statements or the operations of the charitable company, including Charities Act 2011, Companies Act 2006, Care
Quality Commission. saf&guardin& health and safety and GDPR re8ulations.
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management and trustees-
identified laws and regulation5 were communicated within the audit team regularly and the team remained alert
to instances of non-compliance throughout the audit.
We assessed the susceptibility of the charitable compan¢s financial statements to material misstatement, including
obtainin8 an understanding of how fraud might occur. by,.
making enquiries of management and trustees as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud,. and
considering the internal contfols in place to mitigate risks of fraud and non-compliance with laws and regulations-
To address the risk5 of fraud through management bias and override controls, we:
performed analytical procedures to identify any unusual or unexpected relationships-
tested journal entries to identify unusual transactions-
investigated the rationale behind significant or unusual transartion5.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which
included, but were not limited to:
agreeing financial statement disclosures to underlying sUPPOrting documentation;
reading the minutes of meetings of those charged with governance
enquiring of management as to actual and potential litigation and claims.
Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those
leading to a material misstatement in the financial statement5 or non-compliance with regulation. Thi5 risk increases the
more that compliance with a law or regulation is removed from the events and transactions reflected in the financial
statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding
irregularities occurring due to fraud rather than error. as fraud involves intentional concealment, forgery, collusion.
omission or misrepresentation.
A further description of our responsibilities is available on the FRC'S website at.. www.frc.org.uk/auditorsresponsibilities.
This description forms part of our auditorfs report.
Page 12

THE BROOMGROVETRUST
{A Company limited by guarantee)
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF THE BROOMGROVE TRUST ICONTINUEDI
Use of our report
This report is made solely to the charitable company's members, as a body. in accordance with Chapter 3 of Part 16 of the
Companies Act 2W6. Our audit work has been undertaken so that we might state to the charitable company'5
members those matters we are required to State to them in an auditor's report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the
charitable companTrls member5 35 a body. for our audit work, for this report, or for the opinions we have formed.
Rachel Heath (Senior statutory auditor)
for and on behalf of
BHP ILP
Statutory auditor
2 Rutland Park
Sheffield
SIO 2PD
Date..
Page 13

THE BROOMGROVE TRUST
IA company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlrted
funds
2024
Total
funds
2024
Total
funds
2023
r4ote
Income from:
Donations and legacies
Charitable activities
1,684
2,482.306
3,615
363
21,460
2.189,600
3,815
200
2A82,306
3,615
Investment5
Other income
363
Total income
2,487,968
2A87,968
2.215.075
Expenditure on:
Charitable activities
2.549.832
2,549,832
2,228,811
Total expenditure
2.549.832
2,549,832
2,228,811
Net expendlture before net 8ainslllosses) on investments
Net gains/llosse51 on investments
161,864)
10,811
161,864)
10,811
113,7361
110,4691
15
Net movement In funds
{51,053)
151,053)
124,2051
Reconciliation of funds:
Total funds brought forward
Net movement in funds
1,509.443
151,053)
1.509,443
151.0531
1,533,648
124,2051
Total funds carrled forward
1.458,390
1,458,390
1,509,443
The Statement of financial activities complies with the requirements for an income and expenditure account under the
Companies Act 2006 and includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Page 14

THE BROOMGROVE TRUST
{A company limlted by guarantee)
REGISTERED NUMBER: 01746654
BALANCE SHEET
ASA T31 MARCH2024
2024
2023
Note
Flxed assets
Tan8ible assets
Investments
14
1.156,472
151.779
1,169,473
142,342
15
1.308,251
1,311.815
Current assets
Debtors
16
215,851
175,985
255,890
152.311
Cash at bank and in hand
391,836
408,201
Creditors: amounts falling due within one year
17
1220.927)
1179,827)
Net current assets
170.909
228.374
Total assets less current liabS1ities
1.479,160
1,540,189
Creditors: amounts falling due after more than
one year
18
{20,770)
130,7461
Total net assets
1,458,390
1,509,443
Charlty funds
Restricted funds:
Unrestricted funds lincluding Revaluation
Reserve of £13,84012023= £nilll
19
1.458,390
I.S09,443
Total funds
1,458,390
1,509,443
Page 15

THE BROOMGROVE TRUST
(A tompany Ilmlted by guarantee)
REGISTERED NUMBER: 01746654
BALANCE SHEET {CONTINUED)
AS A T 31 MARCH 2024
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
records and preparation of financial statements.
The flnanclal statements have been prepared in accordance with the provlsions applicable to entltles subject to the small
companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Dr A Anderson MA BM BCH FRCP
ChairmanlTrustee
Date.. J o
The notes on pages 18 to 34 form part of these financial ststements.
Page 16

THE BROOMGROVE TRUST
IA company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Note
Cash flows from operating activities
Net cash provided by operating activities
22
54,149
10,655
Cash flows from investing activities
Dividends and interest from investments
3,615
125,7341
53.930
(56,222)
3,815
130,749)
18,512
120,1911
Purchase of tan8ible fixed assets
Proceeds from sale of investments
Purchase of investments
Net cash used in investing activities
(24,411)
{28,6131
Repayments of borrowing
19,730)
19,5071
Net Cash used in financlng artivities
19,7301
(9,507)
Change in cash and cash equivalents in the year
20,008
127,4651
Cash and cash equivalents at the be8inninE of the year
157,836
185,301
Cash and cash equivalents at the end of the year
23
177,844
157,836
Pa8e 17

THE BROOMGROVE TRUST
IA company limited byguarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General inforn)ation
The charity is a company limited by guarantee and governed by its Memorandum and Articles of Association. The
re8lStered office is 30 Broomgrove Road, Sheffield. SIO 2LR.
Accounting pollcles
2.1 Bosis of preporotion offinancinl statements
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been
prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republit of Ireland issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland IFRS 1021. the Charities Act 2011, the Companies
Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified
to include certain items at fair value. The financial statements are presented in sterling which is the
functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless Othenvise stated.
2.2 Income
All income is recognised once the charity has entitlement to the income. it is probable that the income will be
received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement. the probability of receipt
and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy
exists when the charity has sufficient evidence that a gift has been left to them (through knowledge of the
existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in
question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is
probable that it will be received and the fair value of the amount receivable. which will generally be the
expected cash amount to be distributed to the charity. can be reliably measured.
Other income is recognised in the period in which it is receivable and to the extent the goods have been
provided or on completion of the serrfice.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement and the amount
of the obligation tan be measured reliably. Expenditure is classified by activity. The costs of each activity are
made up of the total of direct costs and shared costs, including 5UPPOrt cost5 involved in undertaking each
activity. Direct costs attributable to a single activity are allocated directly to that activity. shared costs which
contribute to more than one activity and sUPPOrt Costs which are not attributable to a single activity are
apportioned between those activities on a basi5 consistent with the use of resources. Central staff costs are
allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Page 18

THE BROOMGROVE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
2.3 Expenditure Icontinuedj
Expenditure on charitable activities 15 incurred on directly undertaking the activities which further the
charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivoble
Interest on funds held on deposit 15 included when receivable and the amount can be measured reliably by
the charity- this is normally upon notification of the interest paid or payable by the institution with whom the
funds are deposited.
2.5 rangib1ef￿ed assets und depreclotlon
Tangible fixed assets are included at ori8inal cost less accumulated depreciation, with the exception of
freehold building5 and paintings. Freehold buildings are not depreciated because they are maintained in good
condition so that their value is not significantly impaired by the passage of time, and in consequence any
element of depreciation would be immaterial. The paintings are not depreciated because their value is not
significantly impaire(J by the passage of time. and in consequence any element of depreciation would be
mmaterial.
The non-depreciation of freehold buildings and paintings is a departure from the general requirement of the
Companies Act 2006 and Charities SORP IFRS102) for all tangible assets to be depreciated. The trustee5 are of
the opinion thot such treatment is necessary to give a true and fair view.
A de minimu5 limit is set whereby only expenditure over £51XJ is capitalised. unless it is part of a larger
project.
In accordance with FRS102. the trustees have performed an annual impairment review and consider that the
carrying value of the freehold property and the painting5 15 not higher than the recoverable amount.
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the
carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets
and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the
statement of financial activities incorporating income and expenditure account.
Depreciation is charged so as to allocate the cost of tangible fixed assets le55 their residual value over their
estimated useful lives.
Depreciation is provided on the following bases=
Major refurbishments
Artwork
Equipment/ refurbishments and
alterations
Computer equipment
Lift
10 years straight line
impaired cost
25% reducing balance
3 years straight line
20 years straight line
Page 19

THE BROOMGROVE TRUST
IA company limited byguaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
2.6 Investments
Fixed a55et investments are a form of financial instrument and are initially recognised at their transaction cost
and subsequently measured at fair value at the Balance sheet date. unless the value cannot be measured
reliably in which case it Is measured at cost less impairment. Investment gains and losses, whether realised or
unrealised, are combined and presented as 'Gains/lLo55esl on investments. in the Statement of financial
activities.
2.7 Debtors
Trade and other debtor5 are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and In hond
Cash at bank and in hand includes cash ond short-term highly liquid investments with a short maturity of
three month5 or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities undprovlslons
Liabilitie5 are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is
prabable that a transfer of economic benefit will be required in settlement, and the amount of the settlement
can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the
effect of the time value of money is material. the provision is based on the present value of those amount5,
discounted at the pre-tax discount rate that reflects the risk5 specific to the liability. The unwinding of the
discount is recognised in the Statement of financial activitie5 as a finance cost.
2.10 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently measured at
amortised cost using the effective interest method.
2.11 Penslons
The charity operates a stakeholder pension scheme. a personal pension plan and an Auto-Enrolment pension
scheme. Contributions are expensed as they become payable.
Page 20

THE BROOMGROVE TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinued)
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objective5 of the charity ènd which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund 15 set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or
which have been raised by the charity for particular purposes. The costs of raising and administering such
funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to
the financial statements.
2.13 Employee beneffts
When employees have rendered service to the charitvi short-term employee benefits to which the employees
are entitled are reco8ni5ed at the undiscounted amount expetted to be paid in exchange for that service.
2.14 Tox
The company is considered to pass the tests set out in Sch. 6, para. l of the Finance Act 2010 and therefore it
meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is
potentially exempt from taxation in respect of income or capital gains received within categories covered by
Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the
exterbt that such income or gains are applied exclusively to charitable purpose5.
Critical accounting estimates and areas of judgmefftt
Estimate5 and judgments are continually evaluated and are based on historical experience and other factors,
including expectations of future event5 that are believed to be reasonable under the circumstances.
Critical accountin8 estimates and assumptions:
The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and
assumptions will, by definition, seldom equal the related attual results.
The paintings included within fixed a55ets are based on the trustees, opinion of their value taking into account their
knowledge of the market for similar assets.
Page 21

THE BROOMGROVE TRUST
IA company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and legacies
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Legacies and donations
Grants received
10,181
11,279
Toto12024
1,684
21,460
Total 2023
10.287
11.173
21,460
Income from charltable activities
Unrestrlcted
funds
2024
Total
funds
2024
Total
fund5
2023
Patients, fees
2,490,166
{24,959)
17,099
2,490,166
{24,959)
17,099
2,191,104
118,1571
16,653
Patients, fee5 charitable reduction
Receipts from residents
Tota12024
2.482.306
2,482,306
2.189,600
Total 2023
2.189.600
2,189,600
Page 22

THE BROOMGRQVE TRUST
IA company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment income
Unrestrirted
funds
2024
Total
funds
2024
Total
funds
2023
Investment income
3.615
3,615
3,815
Total 2023
3.815
3,815
Other income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Other income
363
363
200
Total 2023
200
200
Analysi5 of expenditure on charitable activities
Summory byfund type
Unrestrirted
funds
2024
Restrirted
funds
2024
Total
2024
Total
2023
Charitable activities
2,Y19,832
2.549,832
2.228,811
Total 2023
2,217,638
11,173
2,228,811
Page 23

THE BROOMGROVE TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure by activities
Total
funds
2024
Total
funds
2023
Direct costs Support costs
2024
2024
Charitable activities
2.475,465
74,367
2,549,832
2,228,811
Total 2023
2,156.821
71,990
2,228,811
Analysis of direct costs
Total
funds
2024
Total
funds
2023
Staff costs
1,791,493
38,735
1.574,590
Depreciation
Water. council tax and insurance
Light, heat and power
Repairs. renewals and upkeep
Food
41,043
37,820
31,979
49,222
75,377
106,862
55,578
60.921
86,193
104.511
119,050
49,018
65,124
13
Miscellaneous expenses
Medical service5 and supplies
Legal and professional fees
Agency fees
Governance costs (note 101
13
176,210
7,298
154,562
6,674
2.475.465
2,156,821
Page 24

THE 8ROOMGROVE TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IAARCH 2024
Analysis of expendlture by artivities (continued)
Analysis of support costs
Total
funds
2024
Total
funds
2023
Telephone. postage and advertising
Miscellaneous expenses
Legal and professional fees
Governance costs (note 101
16,694
11,553
16,829
10,137
2,426
42,598
2.769
43.351
Totol 2024
74,367
71,990
io.
Governance costs
2024
2023
Direct costs
Wages and salaries
7,298
6.674
Support Costs
Telephone, postage and advertising
Legal and professional fees
Audit fee5
1.855
1,870
29,952
31,560
43,351
42,598
Totol governonce
50,649
49,272
In both years all expenditure on governance costs was from unrestricted funds.
Pa8e 25

THE BROOMGROVE TRUST
IA company limited by8uaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ii.
Net Incomellexpendlture)
2024
2023
This is Stated after charging..
Depreciation of tangible fixed assets owned by the charity
38,735
41,044
38,735
41,044
12.
Audltor's remuneratlon
2024
2023
Fees payable to the charity's auditor for the audit of the charity's annual account5
8,500
8,280
13.
Staff costs
2024
2023
Wages and Salaries
Social security Costs
Other pension costs
1.658,306
1.456,958
101,888
114,936
25.549
22,418
1,798,791
1,581,264
The avera8e number of persons employed by the charity duringthe year was as follows:
2024
No.
2023
No.
Administration
Nursing
Housekeeping
Catering
Wellbeing
Maintenance
53
13
12
li
io
Laundry
94
85
Page 26

THE BROOMGROVE TRUST
IA company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13.
Staff costs Icontlnuedl
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was=
2024
No.
2023
No.
In the band £70,001- £80.000
The total amount of employee benefits including employer's Nl and pension received by key management
personnel is £132,308 12023: £85,734). The Charity's key management personnel are detailed in the Trustees,
Report.
During the year. no trustees received any remuneration12023-. £nill-
During the year. no trustees received any benefits in kind12023.' £nil)
Durin8 the year. trustees received reimbursement of expenses totallin8 £nil12023.' £nill.
14.
Tan8lble fixed assets
Calerin8
Office returblshment
equipment
Freehold
Entrance
property refurblshment
Palntlngs
Total
C05t or voluotlon
At l April 2023
Additions
954.051
102,005
67A71
983,950
25,734
81.225
2,188,702
25,734
At 31 March 2024
954,051
102,005
67,471
1.009,684
81,225
2,214,436
Depreciation
At l April 2023
Charge for the year
102,(105
835,999
38.735
81.225
1,019.229
38,735
At 31 March 2024
102,005
874,734
81.225
1,057,964
Net book value
At 31 March 2024
954.051
67.471
134,950
1,156,472
At 31 March 2023
954,051
67.471
147,951
1,169,473
Page 27

THE BROOMGROVE TRUST
IA company limited by guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15.
Fixed asset Investments
Lisled securlties
Cash
Totsl
C05t or valuation
At l April 2023
Additions
136,817
56,222
(53,930)
10.811
5,525
142,342
56.222
(57,596)
10,811
Disp05als
Revaluations
{3,666)
At 31 March 2024
149,920
1,859
151,779
Net book value
At 31 March 2024
149,920
1,859
151.779
At 31 March 2023
136,817
5,525
142,342
The historical cost of the listed Securities are £136.08012023: £138,365).
16.
Debtors
2024
2023
Trade debtors
173.733
220,080
35,810
Prepayments and accrued income
42,118
215,851
255,890
Page 28

THE BROOMGROVE TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17.
Cred•tors: Arnounts falling due within one year
2024
2023
Bank loan5
9,993
42,142
31,528
9,747
46,903
27,407
95.770
Trade creditors
Other taxètion and social security
Accruals and deferred income
137,264
220,927
179,827
2024
2023
Deferred income at l April
Resources deferred during the year
Amounts released from previous periods
5.878
4,476
21,711
(5,878)
5,878
14.4761
21,711
5,878
Deferred income represents monies received in advance of 5er¥ices rendered.
18.
Creditors: Amounts falling due after more than one year
2024
2023
Bank loans
20,770
30.746
The bank loan is unsecured and has a 2.5% annual interest rate. It is due to be repaid in full by April 2027.
Page 29

THE 8ROOMGROVE TRUST
(A company limited by guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19.
Statement of funds
Statement of ￿nd5- current year
Balance at i
Aprll 2023
Transfers
inl(¥Jt
Gainsl
(Losses)
Balance at 31
Marth 2024
Income
Empendlture
Unrestrlctedfund5
Designatedfunds
Residents support
fund
6,137
124.959)
18.822
GeneralAunds
General Funds
1,503.306
2,512,927
(2.549,832)
118,822)
10,811
1,458.390
rotul Unrestricted
funds
1,509,4M3
2,487,968
12,549.8321
10.811
1,458,390
Page 30

THE BROQMGROVE TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19.
Statement of funds {continued)
Statement of funds- prlor year
Balance at
31 March
2023
Balance at
l April 2022
Gains/
IL055esl
Income
Expenditure
Unrestrictedfunds
Designatedfvnds
Resident5 5UPPOrt fund
24.294
{18.1571
6,137
Generalfunds
General Fund5
1.509,354
2.222,059
12,217,638)
110.4691
1,503,306
Totql Unrestrirtedfvnds
1,533.648
2,203.902
12.217,6381
110,469)
1.509,443
Re5trictedfunds
COVID Grants - Workforce
recruitment & retention fund
11.173
111.1731
Total offunds
1.533,648
2,215,075
{2,228.8111
110,4691
1.509,443
Designoted Funds
Residents SUPPOrt fund= this fund has been established to cover resident5 fees when there has been a change in a
resident's financial circumstances. The funds are to be utilised at the trustees. discretion.
Restricted Funds
COVID Grants: this fund is for workforce recruitment & retention.
Transfers
A transfer has been made from general funds to cover the deficit on designated funds at 31 March 2024 in
relation to financial support of the residents.
Page 31

THE BROOMGROVE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20.
Surnrnary offunds
Summary of funds- current year
Balance at I
Aprll 2023
Transfers
Inlout
Gainsl
(Losses)
Balance at 31
March 2024
Income
Expendlture
Designated funds
General funds
6,137
1.503,306
124,959)
2,512.927
18,822
118,822)
(1,549￿32)
10,811
1,458,390
1.509.443
2.487.968
12,549,832)
10,811
1.458,390
Summaryof funds- prfor year
Balance at
31 March
2023
Balance at
l April 2022
Gainsl
(Losses)
Income
Expenditure
Designated funds
General funds
24,294
118.1571
2.222,059
11.173
6,137
1.503,306
1.509.354
{2.217,6381
111.1731
{10.469}
Restricted funds
1,533,648
2.215,075
12,228,811)
110,4691
1,509,443
21.
Analysls of net assets between funds
Analysls ot net assets between funds- current period
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
1.156,47Z
1,156,472
151.779
151,779
391,836
{220,9271
(20.7701
Current assets
391,836
1220,927)
120,770)
Creditors due within one year
Creditors due in more than one year
Total
1,458,390
1,458,390
Page 32

THE BROOMGROVE TRUST
{A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
21.
Analysls of net assets between funds {continued)
Analysis of net assets between fvnds- prior period
Unrestricted
funds
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
1,169.473
1.169,473
142,342
408,201
1179,8271
130,7461
142.342
Current assets
408,201
1179,8271
130,7461
Creditor5 due within one year
Creditor5 due in more than one year
Totul
1.509,443
I,S09,443
22.
Reconclliation of net movement in funds to net cash flow from operatlng artivities
2024
2023
Net expenditure for the year las per Statement of Financial Attivitiesl
151.053)
124,2051
Adjustmentsfor..
Depreciation charges
IGainsl/losses on investments
Dividends and interest from investments
Decreasellincreasel in debtors
Increase in creditors
38,735
110,811)
13,615
40,039
40,854
41,044
10,469
{3,8151
113,8371
999
Net cash provlded by operating artivities
54.149
10,655
Page 33

THE BROOMGROVE TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
23.
Analysis of cash and Cash equivalents
2024
2023
Cash in hand
175.985
152.311
5,525
Cash held in investments
1,859
Total cash and cosh equivulents
177.844
157,836
24.
Anatysis of changes in net debt
At l Aprll
2023
At 31 March
2024
Cash flows
Cash at bank and in hand
152,311
19,747)
130,746)
23,674
1246)
9,976
175,985
19,993)
120,770)
Debt due within l year
Debt due after I year
111,818
33,404
145,222
25.
Pension commitments
The company operates a stakeholder pension scheme, a personal pension plan and an Auto-Enrolment per7sion
scheme. Pension costs are accounted for in accordance with FRS102. Pension costs charged in the financial
statements are £25,549 12023= £22.4181 representing the contributions payable by the charity during the year
ended 31 March 2024. There were contributions totalling £4,85012023- £4.2811 outstanding at the year end.
26.
Related party tiansact•ons
No related party transactions have taken place during the year12023.' none).
Page 34