Charity Commlssion No. NIC101793 HMRC Charity Reglstration No. XN46065 Company Registration No. N1068709 (Northern Ireland} SOMME NURSING HOME (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
SOMME NURSING HOME CONTENTS Page Legal and administrative information Trustees, report Independent audilorfs report Statement of financial activities Balance sheet statement of cash flows 10 Notes to the financlal statements 11-20
SOMME NURSING HOME LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms S Waugh Mr P Baillie Mr S J L Phillips MrA D Sykes Dr M Sheridan Mrs J Guthrie Mr M Sharma MrA Donaldson Mrw Mccormick Dr D Lewis Mr G Clarke Secretary Mrw S G Cassells Charity number NIC101793 Company number N1068709 Registered office 4th Floor Donegall House 7 Donegall Square North Belfast BT15GB Auditor Moore (N.I.I LLP 4th Floor Donegall House 7 Donegall Square North Belfast BT15GB Bankers Ulster Bank Limited Connswater Branch Arches Retail Park Belfast BT5 4AF Solicitors King & Gowdy 298 Upper Newlownards Road Belfast BT4 3EJ
SOMME NURSING HOME TRUSTEES. REPORT (INCLUDING TRUSTEES, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The directors, who are also trustees for the purpose of the Charities Act INI) 2008 present their annual report and financial statements for the year ended 31 March 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to Ihe accounts and Gomply wilh the charity's Memorandum and Articles of Association, the Companies Act 2006 and 'Accountlng and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in 2ccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" las amended for accounting periods commencing from 1 January 2019) Objectives and activities The Trustees have paid due reg8rd to guidance issued by the Charity Commission in deciding what activities the charity should und8rtake. The charity provides nurslng services Sn the context of a registered nursing home to the beneficiaries of the charlty, primarily ex-service personnel and their spouses, former members of the police, fire and rescue, prison setvices and ex-members of the mercantile martne and their spouses. These activities are met through a 5Q-bed registered nursing home whose occupants are in the majority drawn from the classes of beneficiaries referred to above. Achievements and performance 2024125, as with the previous year, has been dominated by the cost-of-living crisis reflected in the increases in catering and utility supplies well above the rate of inflalion. The review of the management structure was concluded in the year with updated job descriptions and appraisal processes pul in place to be implemented in 2025126. New areas of funding from service charities were identified. The three-year VASP project funded by the Armed Forces Covenant Trust ended in March 2025. A project which would have involved the Home acting as finanGial co-ordinator for another Veteran's initiative did not proceed following the closure of the Veteran's Support O)Tice. The Home continued to benefil from the many visits by Bands and musicians and others. all providing entertainment to residents and contributing to the overall welfare of residenls. Once again, the Board are indebted to Ihe dedication and professionalism of the staff who make the comfort and safety of our residents part of their daily rOune, 365 days of the year. Financlal rèview The Home continued to maintain residents, numbers to almost fvll capaGity throughout the period. Although income from the provision of nursing services continues lo increase, 7 % in 2024125, thé increases In staff costs and catering in particular outweigh this wilh increases of just under 20 %. Future increases in staff costs, driven by changes to Nalional Insurance rates, the National Minimum and Living Wages and increases for nursing staff to keep pace with the public sector pay awards will conllnue to exert significant pressures on the running costs of the Home. Despite these concems the Trustees are content that the underfying financial position of the Home remains strong, particulady with the support of Somme Nursing Holdings Ltd. Review of reserves Somme Nursing Home is supported by Somme Nursing Home Holdings. which holds the property and investment assets. Taking the unreslricled reseTves of both enlilies, which total just under £2.4m, the Trustees are content that these are more than sufficient to meet a resetve of six months operating ¢osts of around £1.25m. In 2024125 no call was required for support from Holdings, although the continued pressure on costs will keep this issue under review in the latter half of 2025126. Risk management The trustees have conducted a review of the major risks to which the charity is exposed. These risks are considered regularly by the directors and have developed systems to monitor and control these risks In order to mitigate any impact that they could have on the company. Procedures are in place to ensure Complian wfth health and safety of the nurslng home staff and residenls.
SOMME NURSING HOME TRUSTEES. REPORT (INCLUDING TRUSTEES. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management Somme Nursing Home is a company limited by guarantee, not having a share c8Pital.11 is registered in Northern Ireland (registration number: Nl 0687091 and has obtained charitabl8 status with The Chartty Commisslon for Northem Ireland (reference number.. NIC101793), and 81so with with HM Revenue & Customs (reference number.. XN46065), It is governed by its Memorandum and Articles ofAssociatlon. The trustees who served during the year and up lo Ihe date of signature of the financial statements were.. Ms S Waugh Mr P Baillie Mr S J L Phillips MrA D Sykes Dr M Sheridan Mrs J Guthri8 Mr M Sharma MrA Donaldson Mr W Mccormick Dr D Lewls Mr G Clarke The members of the company are also the directors. The Board of Trustees is made up Primarily but not exdusively of ex-service persons who are appointed by invitation. New directors have an induction meeting with the Chalrman, Executive Dlrector, and the Nurse Manager. They are briefed on a range of issues including the roles and responsibilities of a Board Member. None of the directors has any beneficlal interest in the company. Ail of the directors are members of the company and guarantee to contribute £1 in the event of a winding up. The induction process for new directorsltrustees remains as it was implemented in 2023124. Each new trustee receives an infomation pack comprising a suite of do¢uments detailing the legal and statulory obligations of the trustees and all aspects of the operation of the Home. The Conflict-of-lnterest policy was put in place in 2024125 and is updated annually as requlred. The review of the management structure was concluded in the year with updated job d8SCriPtions and appraisal processes pul in place lo be implemenled in 2025126. No trustee or director (with Ihe exception of the Executive Directorlcompany Secretsry) receives any remuneration. Senior members of the nursing staff, intsluding the managers are paid rates that are based, but do not exactly follow, their equivalent grades in the NHS. These are revlewed annu8lly to ensure where NHS pay awards are made the Board can determine whether the charity is able lo continue to match the NHS pay bands. Non-clinical senior staff are paid amounts b8sed on their private sector equivalents and Board members assess these by utilising their own experience and knowledge of the relevant salaries. Thg Board operates as detailed in the governing document of the charity, its Memorandum and Article5 of Association. The financial business and affairs of the charity are conducted and managed by the Board of Truslees. The executive management, in chargg of the day-to-day operations. port to the Board and any sub committees on a monthly basis. Somme Nursing Home Holdings. a company Incorporated in Northern Ireland is identffied as a related party by nature of sharing a common director.
SOMME NURSING HOME TRUSTEES, REPORT (INCLUDING TRUSTEES. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 statement of Directors. responsibilities The directors. who also a¢t as trustees for Ihe charltable activities. are responsible for preparing the Directors, Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the directors to prepare accounts for each financial year which give a true and fair view of the slate of affairs of Ihe charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these accounts, the directors are required to: -select suitable ac¢ounting policies and then apply them consistently- -observe the methods and principlas in the Charities SORP., -make judgements and estimates that are reasonable and prudent -slate whether applicable UKAccounting Standards have been followed, subject lo any material departures disclosed and explained in the accounts. and -prepare the accounts on the going concern basls unless it is inappropriale to presume that the charity will continue in operation. Disclosure of information to auditor Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor Is unaware. Th8y have further Confirmed that they have taken appropriate steps to identfy such relevant information and to establish that the auditor is aware of such information. The trustees, report was approved by the Board ofTrustees. Mr P Bail Mr S J L Phillips Dated- 20 November 2025 Dated:20 November 2025
SOMME NURSING HOME INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SOMME NURSING HOME Opinion We have audited the financial statements of Somme Nurslng Home (the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities. the balance sheet, the statement of cash flows and notes to the financial statements, including slgnlffcant accounting policies. The financial reporting framgwork that has been applied in their preparalion is applicable law and United Kingdom Accounling Slandards, including Flnancial Reporting Standard 102 The Financial Reporting Stsndard appli¢able in the UK and Republic of Ireland {United Kingdom Generally Accepted A¢¢ounling Practice). In our opinion, the financia5 statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2025 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 wlth United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audlt in accordanc8 With IntematSonal Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibililles under those standards are further described in Ihe Auditors responsibilities for the audit of the financial statements seclion of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit. of Ihe financial slalemenls 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 prowde a basis for our opinion. Conclusions relating to golng concern In auditing the financial slatemenls, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial stalements is appropriate. Based on the work we have performed. we have not identified any material uncert8inties relating to events or conditions that, Individually or collectively, may cast slgnificant doubt on the charity's ability to conlinue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and th8 responsibilities of the Trustees with respect to going Goncern are described in the relevant seclions of this report. other information The other information comprises Ihe infomation included in the annual report other than the financial slatements and our auditorfs report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otheNise explicitly stated in our reporL we do not express any fomi of assurance conclusion thereon. Our resporisibility is to read the other Information and. in doing so, Consider whether the other infomalion is materially inconsistent with the financial statements or our knowledge obtained in the course of the audlt, or olhelwise appears to be materially misstated. If we identify such material ino)nsistencie5 or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financlal statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing lo report in this regard. Opinions on other matters prescrlbed by the Companies Act 2006 In our opinlon, based on the work undertaken In the cours8 of our audit- Ihe informalion given in Ihe trustees, report for the financial year for whlch the financial statements are prepared, which includes the directors, report prepared for the purposes of Company law. is consistent with the financial statements-, and the diractors, report included within the trustees. report has been prepared in accordance with applicable legal requirements.
SOMME NURSING HOME INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF SOMME NURSING HOME Matters on whlch we are required to report by exception In the light of the knowledge and understsnding of the charity and Ils envlronmenl obtained in the course of the audit, we have not identified materi81 misstatgments in the dire¢tors' 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 lo you if, in our opinion.. adequate accountlng 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 accounting records and returns. or Certain disclosures of directors, remuneration spectfied 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 Ststements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Responsiblllties of Trustees As explained more fully in the statement of trustees, responsibilities, the Trustees, who are also the directors of the charity for the purpose of company law, are respDnsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such inlemal control as the Trustees determine is neSSary lo enable the preparation of financial statements Ihat are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to Ilquidate the charity or lo cease operatior*s, or have no realSstic alternative but lo do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether th8 financial statements as a whole are free from material misstatement. whether due lo fraud or error, and to issue an auditor's report Ihal includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audtt conductéd in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of delecling irregularities. including fraud. is detailed below. Explanation as to what extent the audit was considered capable of detectlng irregularities, including fraud The objectives of our audit in respect of fraud, are., to identify and assess the risks of material misstatement of the financial statements due to fraud,. to obtain sufficient appropriate audit evldence regarding the assessed risks of material misstatement due to fraud. through designing and implementing appropriate responses to those assessed risks., and to respond appropriately lo instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charity. our approach was as follows.. We oblained an understanding of the legal and regulatory requirements applicable to the charitable company and considered that the most significant are the Companies Act 2006, Ihe Charities Act 2008, the Charity SORP, and UK financial reporting standards as issued by the Financial Reporting Council We obtained an understanding of how the charity complies with these requirements by discussions with management and Ihose charged with governan. We assessed the rlsk of material misstaloment of the financial slalements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.
SOMME NURSING HOME INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF SOMME NURSING HOME As part of an audit in accordance with ISAS (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion. forgery. intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. but not for the purposes of expressing an opinion on the effectiveness of the charitys internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the directors. use of the going concem basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate. to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause thè charity's to cease to continue as a going cOnrn. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters. the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in intemal control that we identify during our audit. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https=Il www.frG.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charitys members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the charity's 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 charity and the charity's members as a body, for our audit work, for this report. or for the opinions we have fomed. &. 9.fkn4JJtrLr Dr R I Peters Gallagher OBE FCA (Senior Statutory Auditor) for and on behalf of Moore {N.I.) LLP 25 November 2025 Chartered Accountants statutory Auditor 4th Floor Donegall House 7 Donegall Square North Belfast BT15GB
SOMME NURSING HOME STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total Notes 2025 2024 Income and endowments from: Grants received Charitable activities other income 33,576 2,561,190 10,000 33,576 2,561,190 10.000 20,424 2.418,163 10,000 20,424 2,418,163 10,000 Total Income 2.604,766 2,604,766 2,448.587 2,448,587 Ex endlture on: Charitable acltvities 2,657,824 165,173 2.822.997 2,394,845 125.348 2,520,193 Net expendlture for the yearl Net movement in funds {53,058) (165.173) 1218,231} 53,742 (125,348) (71,606) Fund balances at 1 April 2024 73,567 1,193,585 1,267,152 19,825 1,318,933 1,338,758 Fund balances at 31 March 2025 20,509 1,028,412 1,048,921 73,567 1.193.585 1,267,152 The statement of financial aclivilies includes all gains and losses recognised in the year. The statement of financlal activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
SOMME NURSING HOME BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets Current assgts Debtors Cash at bank and in hand 11 1,056,581 1.179,016 12 66,750 44,537 56,977 167,663 111,287 224,640 Creditors: amounts falling due within one year 14 (118,947) (136.504) Net current {liabilities)lassets (7,660) 88,136 Total assets less current liabilitles 1,048,921 1.267,152 Income funds Restricted funds Unrestricted funds 1,028,412 20,509 1.193,585 73.567 1,048,921 1,267,152 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 20 November MrPBai Mr S J L Philllps Company Registratlon No. N1068709
SOMME NURSING HOME STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatlng actlvities Cash (absorbed byllgenerated from operations 20 (100,792) 55,600 Investing activities Purchase of tangible fixed assets 124,054) (68,5801 Net cash used in investing activities (24,054) (68,580) Net cash used in financlng activities Net decrease in cash and cash equivalents (124,846) (12,980) Cash and cash equlvalents at beginning of year 167,663 180,643 Cash and cash equlvalents at end of year 42,817 167.663 Relatln9 to: Cash at bank and in hand Bank overdrafts included in Creditors payable within one year 44,537 167,663 (1,720) 10-
SOMME NURSING HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng poli¢ies Charity inforn)ation Somme Nursing Home is a privale company limited by guarantee incorporated in Northem Ireland. The registered office is 4th Floor Donegall House, 7 Donegall Square North, Belfast, BT15GB. 1.1 Accounting convention The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companles Act 2006 and "Accounting and Reporting by Charities- Slatement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard appli¢able in the UK and Republi¢ of Ireland {FRS 102)" {as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £ 1.2 Golng concern The trustees, consider that in preparing the financial statements they have taken into account all information that could reasonably be expected to be available. Al the 31st March 2025 Somme Nursing Home now have an unrestricted surplus £20,509 compared lo £73,567 in the prior year. The trustees, have been proactive in tying to increase the surplus, with implementation of Cost cutting measures and retention Df staff. Somme Nursing Home Limited continues to rely on the support of Somme Nursing Home Holdings Limited which has £2.37m in unrestricted reserves. As a result the trustees, believe it is appropriate to prepare the finanGial statements on the going concem basis. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitsble objectives, Restricted funds are subject to specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the r8Stricted funds are set out in the notes to the financial statements. 1.4 Incomlng resources Income Is recognised when the charity is legally entitled to it after any perfomiance conditions have been met. the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once Ihe charity has been notified of the donation, unless performance conditions require deferral of the amounL Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacie5 are recognised on receipt or otherwise if the charity has been notified of an impending distribution. the amount is known, and receipt 19 expected. If the amount is not known, the legacy is treated as a contingent asset Legacies are recognised on receipt or otheNise if the charity has been notified of an impending distribution, the amount is known. and receipt is expeded. If the amount is not known. the legacy is treated as a contingent asset. Income is recognised when the charity is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably. and il is probable that income will be received. 11
SOMME NURSING HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Aceountlng policies (Continued) 1.5 Resources expended 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 can 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 support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly lo 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 basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Expenditure is recognised on an 8¢crua15 basis as a liability is incurred. Funding provided through contractual agreements and performance related grants is recognised as goods or services are supplied. Other grant payments are recognlsed when a constructive obligation arises that results in the payment being unavoidable. Costs of generating funds are those costs incurred in attracting voluntary Income, and those incurred in trading activities that raise funds. Governance costs include those incurred in the govemance of its assets and are prirnarily associated with constitutional and statutory requirements. Support costs include central fijnclions and have been allocated to activity cost categories on a basis consistent with the use of resour¢es, e.g. allocating office property costs by floor areas, management and human resources costs by the number of staff. and finance and IT costs by work done. 1.6 Tangible fixed assets Tangible fjxed assets are initially measured at cost and subseqLrently measured at Gosl or valuation, net of depreciation and any impaimienl losses. Depreciation is recognised so as to write off the cosl or valuation of assets less their residual values over their useful lives on the following bases: Fixtures, fittlngs & equipment Short leasehold property 200/0 Straight line 4 /9 straight line The gain or loss arising on the disposal of an 8S5el is detemined as the drfference between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial a¢tivilies. 1.7 Impalrment offixed assets At each reporting end date, the charity reviews the carrying amounts of ils tangible assets to detemiine whether there is any indicalion that those assets have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is estimated Sn order lo determine the extent of the impainnent loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-term liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafls are shown within borrowings in current liabilities. 12-
SOMME NURSING HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Inslruments Issues, of FRS 102 to all of its financial instruments. Financial inslruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offsel, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intenlion to settle on net basis or to realise the asset and settle Ihe liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are Inltially measured at transaction price including transaction cosls and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts dlscounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a finanGing trans8Ction, where the debl instrument is measured at the present value of the future payments discounted at a market rat8 of interest. Financial liabilities classified as payable wilhin one year are not amortised. Debt instruments are subsequenlly ¢arried at amortised cos( using the effective interest rate method. Trade creditors aro obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within ono year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognitlon of financlal liabilities Financial liabilities are derecognised when the chariws contraGtual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's se]vices are received. Termination benefits are recognised immediately as an èxpense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fa15 due. 13-
SOMME NURSING HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charltable activities 2025 2024 Donations and legacies Income from nursing services 7,921 2,553,269 37,120 2.381,043 2,561,190 2,418,163 Grants received Unrestricted Unrestricted funds funds 2025 2024 Armed forces covenant fund 33,576 20,424 Specific grant for VASP project { Veteran5 Advice-line for Statutory Professionals). other AnGome Unrestricted Unrestrlcted funds funds 2025 2024 Other income 10,000 10,000 Income received for managemgnt seNices provided to Somme Holdings Ltd 14-
SOMME NURSING HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable aclivitles Restricted Unrestrlcted Total 2025 Total 2024 2025 2025 staff costs Depreciation and impairment Recruilment Catertng and laundry Printing, postage and stationery Telephone Computer costs Bank charges Slaff training and uniform5 Medical support Establishment costs VASP expenses Residents sundries Sundry expenses 2,065,949 2,065,949 1.771,772 45,577 146A89 140,137 2,024 2,024 2,424 172.497 172,497 146,649 5,704 5,704 6,377 6,036 6,036 7,887 13,278 13,278 11,596 1,559 1,559 1.557 8,696 8,696 5.500 36,458 36,458 41,336 220,382 220,382 298,018 64,261 23,451 4,730 13,691 761 1,504 100,912 64,261 4,730 761 165.173 2.583,651 2,748,824 2,471,899 Share of support costs {see note 6) Share of gov8rnance costs (see note 6) 48,661 25,512 48,661 25,512 35,627 12,667 165,173 2.657,824 2,822,997 2,520.193 Analysis by fund Unrestricted funds Restricted funds 2,657.824 2,657,824 2.394,845 165,173 125,348 165,173 165,173 2,657.824 2,822,997 2,520,193 For the year ended 31 March 2024 Unreslricled funds Restricted funds 2,394.845 2.394.845 125,348 125,348 125,348 2.394.845 2.520,193 15-
SOMME NURSING HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activities 2025 2024 staff costs Governance costs 48,661 25,512 35,626 12.668 74,173 48.294 Analysed between: Charitable actwiles 74.173 48.294 Governance ¢0sts comprise: 2025 2024 Audit fees Legal and professional 9,240 16,272 8,800 3,868 25,512 12,668 Net movement in fund5 2025 2024 The nel movemenl in funds is stated after chargingl(crediting): Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 9,240 146,489 8,800 140,137 Trustees None of the Trustees (or any persons connected with them) reIVed any remuneration, benefits or expenses from the charity during the year. Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 16-
SOMME NURSING HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees Number of employees The average monthly number of employees during the year was: 2025 Nurnbor 2024 Number Nursing staff Administration staff 85 76 89 80 Employment costs 2025 2024 Wages and salaries Social securlty costs Pension costs 1.875,715 157,641 81,254 1.609,875 129.843 67,680 2,114,610 1,807,398 Key management personnel were paid £195,523 (2024- £176,3001.There were no employees whose annual remuneration was £60.000 or more. This team is made up of the executive director, nurse manager, business support manager and assistant nurse manager. 11 Tangible fixed assets Flxture5. flttings & equlpment Short leasghold propety Total Cost Al 1 April 2024 Additions 663,116 2,500.000 24,055 3,163,116 24,055 At 31 March 2025 687,171 2,500.000 3,187,171 Depreciation and impairment At l April 2024 Depreciation charged in the year 484,101 46,489 1.500,000 100,000 1.984,101 146,489 At 31 March 2025 530,590 1.600,000 2,130,590 CaTrying amount At 31 March 2025 156,5B1 900,000 1,056,581 At 31 March 2024 179,016 1.000,000 1,179,016 17-
SOMME NURSING HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Debtors Amounts falling due within one year: 2025 2024 Trade debtors Other deblors Prepayments and accrued income 50,566 15,279 905 45,210 10,425 1,342 66,750 56.977 13 Loans and overdrafts 2025 2024 Bank overdrafts 1,720 Payable within one year 1,720 14 Creditors: amounts falling due within one year 2025 2024 Notes Bank overdrafts Other tsxalion and social security Trade creditors Other creditors Accruals and deferred income 13 1,720 34,844 44,685 8,124 29,574 27,027 75,668 6,474 27,335 118,947 136,504 15 Restricted funds The restricted fiJnds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 Aprll 2024 Resources At 31 March expended 2025 1,193,585 (165,173) 1,028,412 18-
SOMME NURSING HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Restricted funds {Continued} Previous year: At 1 Aprll Resources At 31 March 2023 expended 2024 1,318,933 {125,348) 1.193,585 16 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations. grants and care home fees which are not subject to sp8cifi¢ conditions by donors and granlors as to how Ihey may be used. These include designated funds which have been set aside out of unreslri¢ted funds by the trustees for specific purposes. At 1 April 2024 Incomlng Resources At 31 March resources expended 2025 General funds 73,567 2,604,766 {2,657,824) 20,509 Prevlous year: At 1 April 2023 Incomlng resources Resources At 31 March expended 2024 General funds 19,825 2,448.587 (2,394,845) 73,567 17 Analysis of net assets between funds Unrestricted funds 2025 Restricted funds 2025 Total 2025 At 31 Mar¢h 2025: Tangible assets Current assetsloiabilities) 28,169 (7,660) 1,028,412 1,056,581 (7,660) 20,509 1,028.412 1,048,921 Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 Mah 2024: Tangible assets Current 8ssetslOiabililies) (5,642) 79,209 1,184,658 8,927 1,179,016 88,136 73,567 1.193,585 1.267.152 19-
SOMME NURSING HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Related party transactlons The company maintains an intercompany balance with Somme Nursing Horne Holdings Ltd, a company incorporated in Northern Ireland and sharing common directors. At the balance sheet date the balance due from Somme Nursing Home Holdings amounted to £15,279 (2024- £10,425} and is included in other debtors. During the year a donation of £Nil (2024- Nil) was paid to Somme Nursing Home from Sommè Nursing Home Holdings. Somme Nursing Home Holdings Ltd is consided to be the persons with significant control. 19 Analysis of changes in net funds The charily had no material debt during the year. 20 Cash generated from operations 2025 2024 Deficlt for the year (218,231) {71,606) Adjustments for.. Depreciation and impairment of tangible fixed assets 146,489 140,137 Movements in working capital: Ilncrease) in debtors {Decrease)firÈcrease in creditors (9,773) {19,277) (28,530) 15,599 Cash (absorbed by)Igenerated from operations (100.792) 55,600 -20-