COMPANY REGISTRATION NUMBER: 2580196
CHARITY REGISTRATION NUMBER: 1001916
SERVICE TO THE AGED
Company Limited by Guarantee
FINANCIAL STATEMENTS
31 MARCH 2025
COHEN ARNOLD
Chartered accountant & statutory auditor
New Burlington House
1075 Finchley Road
LONDON
NWI1 OPU

SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
Trustees' annual report (incorporating the director's report)
Independent auditor's report to the members
Statement of financial activities (including income and expenditure
account)
Statement of financial position
Statement of cash flows
Notes to the financial statements
PAGES
1 to 4
5 to 8
10
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12 to 22

SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)
YEAR ENDED 31 MARCH 2025
The trustees, who are also the directors for the purposes of company law, present their report and th
inancial statements of the charity for the year ended 31 March 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name
Service to the Aged
Charity registration number
1001916
Company registration number 2580196
Principal office and registered
New Burlington House
office
1075 Finchley Road
London
NW11 OPU
The Trustees
Mr S I Freshwater (Honorary Treasurer)
Mr B SE Freshwater
Mr S J Goldberg (Chairman)
Mr H Ganz
Company secretaries
Mr J S Southgate
Mr MDE Bale
Auditor
Cohen Arnold
Chartered accountant & statutory auditor
New Burlington House
075 Finchley Roa
_ondon NW11 OPL
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Service to the Aged is a Company Limited by Guarantee not having a Share Capital. It is registered as
a charity with the Charity Commission (Number 1001916).
Service to the Aged's governing instruments are its Memorandum and Articles of Association dated 5
February 1991.
Organisation
The day-to-day affairs of the Company are administered by a Management Committee, the Chairman
of which is Mr S.J. Goldberg. The Chairman of the Admissions Committee is Mr A. M. Jacobs BEM
and the Chairman of the Governance Committee is Dr D. Noimark.
The Company is governed by its Trustees, who are advised on the strategic direction and policy by the
Management Committee, the Chairman of which is Mr S.J. Goldberg. The Trustees meet regularly and
delegates the day to day operation of the organisation to a Management Committee. New members join
the Management Committee at the invitation of the Trustees and are chosen with a view to ensuring that
it contains an appropriate balance of experience relevant to the operations of the charity.
Trustees give of their time voluntarily and no benefit or expenses were paid in the year.
SAGE aims to make 60% of its accommodation available at all times to persons who cannot afford to
pay the full fees charged.
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SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)
(continuer)
YEAR ENDED 31 MARCH 2025
Organisation (Continued)
The Home is situated at 208 Golders Green Road, London NW11 9AQ.
Risk Management
The Charity has assessed the major risks to which the Charity is exposed in particular those to the
operations and finances of the Charity and is satisfied the systems are in place to manage its exposure
to those risks.
OBJECTIVES AND ACTIVITIES
Objects
provision of residential accommodation and nursing home facilities for such persons. The Charity
operates under the name SAGE.
Aims
We confirm that we have complied with the duty in Section 4 of the Charities Act 2006 to have due
regard to public benefit guidance published by the Charity Commission when reviewing the Charity's
aims and objectives and in planning our future activities.
ACHIEVEMENTS AND PERFORMANCE
During the year, Sage continued to provide quality care to its residents. In June 2024, SAGE had a visit
from the CQC. At this visit it was graded as Good in all areas.
During the year Linda Goldberg moved from the role of Clinical Lead to that of Acting Manager and
Adrian Jacobs BEM continued as Chief Executive Officer. Linda and Adrian are ensuring that SAGE
remains one of the leading care homes in North West London, providing both residential and nursing
care to the Jewish community.
Subsequent to the year end on 1 April 2025, after a long recruitment process and search, the Trustees
appointed Margaret Kiriathi as Registered Manager and Adrian Jacobs BEM changed title to Head of
Finance, Administration and Ethos. At the same time Linda Goldberg left employment at SAGE.
During the year ended 31 March 2025, there was an average of 2 empty rooms, compared to 1 in the
previous year. This is all as a result of SAGE slowly recovering from the ravages of the Covid-19
pandemic. By May 2025, there were no empty rooms, and SAGE has remained full for most of the time
since, with a lengthy waiting list.
The financial results of the Company for the year ended 31 March 2025 are fully reflected in the attached
Financial Statements together with the Notes thereon.
During the year under review and since the Balance Sheet date admissions have been slowly increasing
and over the Jewish High Holiday period the Nursing Home was full. As at December 2025 all beds
were occupied and have been for most of the time since June 2025.
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SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)
(continued)
YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
Achievements and Performance
During the year there was an increase in income from fees and voluntary contributions by approximately
£469,000 from £4,567,450 to £5,036,125. In the year under review Donations Received were £67,000.
Reserves Policy
The Charity has of necessity to maintain Reserves in order to ensure that it is in a position to continue
its activities at a level consistent with those which have been maintained in recent years and to cover
contingencies.
The Restricted Reserves are f3.1m and are represented by amounts received by the Charity and reflected
in the cost of the Nursing Home. The Unrestricted Reserves are £448,935.
Future reserves will be made available for funding growth and development.
Investment Policy
Under the Memorandum and Articles of Association, the Company has the power to make investments
which the Trustees consider appropriate.
PLANS FOR THE FUTURE
The Trustees plan to continue and enhance the objectives for which the Charity was established.
FIXED ASSETS
The movements in Fixed Assets are fully reflected in Note 14 to the Financial Statements.
The Company's freehold premises is included in the Balance Sheet at cost. This is fully disclosed in
Note 14 to the Financial Statements.
The Trustees are of the opinion that the present open market value of the Company's premises is at least
equal to the amount at which it is included in the Financial Statements.
TRUSTEES' RESPONSIBILITIES STATEMENT
The trustees, who are also directors for the purposes of company law, are responsible for preparing the
trustees' report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a
true and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure, for that period
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SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)
(continued)
YEAR ENDED 31 MARCH 2025
TRUSTEES' RESPONSIBILITIES STATEMENT (Continued)
In preparing these financial statements, the trustees are required to:
• select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP;
• make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial positior
of the charity and enable them to ensure that the financial statements comply with the Companies Ac
2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
AUDITOR
Each of the persons who is a trustee at the date of approval of this report confirms that:
so far as they are aware, there is no relevant audit information of which the charity's auditor is
unaware; and
they have taken all steps that they ought to have taken as a trustee to make themselves aware of
any relevant audit information and to establish that the charity's auditor is aware of that
information.
The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act
2006.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the
small companies exemption.
The trustees' annual report was approved on 22 lee 5
..and signed on behalf of the board of
trustees by:
MrS Goldiers
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SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
SERVICE TO THE AGED
YEAR ENDED 31 MARCH 2025
OPINION
We have audited the financial statements of Service to the Aged (the 'charity') for the year ended 31
March 2025 which comprise the statement of financial activities (including income and expenditure
account), statement of financial position, statement of cash flows and the related notes, including a
summary of significant accounting policies. The financial reporting framework that has been applied in
their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practice).
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. 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 formed.
In our opinion the financial 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 with United Kingdom Generally Accepted
Accounting Practice;
• have been prepared in accordance with the requirements of the Companies Act 2006.
BASIS FOR OPINION
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity 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
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require
us to report to you where:
• the trustees' use of the going concern basis of accounting in the preparation of the financial
statements is not appropriate; or
• the trustees have not disclosed in the financial statements any identified material uncertainties
that may cast significant doubt about the charity's ability to continue to adopt the going concern
basis of accounting for a period of at least twelve months from the date when the financial
statements are authorised for issue.
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SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
SERVICE TO THE AGED (continued)
YEAR ENDED 31 MARCH 2025
CONCLUSIONS RELATING TO GOING CONCERN (Continued)
However, due to the current macro-economic factors and the higher level of uncertainty observed in the
economy we cannot predict all future events or conditions. As subsequent events may result in outcomes
that are inconsistent with judgements that were reasonable at the time they were made, the absence of
reference to a material uncertainty in this auditor's report is not a guarantee that the charity will continue
in operation.
OTHER INFORMATION
The other information comprises the information included in the annual 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
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or a material
misstatement of the other information. 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 to report in this regard.
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 for the financial year for which the financial
statements are prepared is consistent with the financial statements; and
• the trustees' report has been prepared in accordance with applicable legal requirements.
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of the knowledge and understanding of the charity and its environment obtained in the course
of the audit, we have not identified material misstatements in 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 accounting records and returns; or
certain disclosures of trustees' remuneration specified by law are not made; or
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SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
SERVICE TO THE AGED (continued)
YEAR ENDED 31 MARCH 2025
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION (Continued)
• 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' exemptions in preparing the
Trustees Annual Report and from the requirement to prepare a strategic report.
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors
for the purposes of company law) 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 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 liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the financial statements as a 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 (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.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment 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 purpose of expressing an
opinion on the effectiveness of the internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
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SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
SERVICE TO THE AGED (continuer)
YEAR ENDED 31 MARCH 2025
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
(Continued)
• Conclude on the appropriateness of the trustees' use of the going concern 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 the charity
to cease to continue as a going concern.
• 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
internal control that we identify during our audit.
DAVID GOLDBERG
(Senior Statutory Auditor)
For and on behalf of
Cohen Arnold
Chartered accountant & statutory auditor
New Burlington House
1075 Finchley Road
LONDON
NW11 OPU
Date: 2 Desi
- 8

SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 MARCH 2025
2025
2024
Unrestricted
funds
Restricted
Note
funds Totalfunds Total finds
67,000
5,036,125
703
5.103,828
67,000
64,797
5,036,125
4,567,450
703
896
5,103,828
4,633,143
Income and endowments
Donations and legacies
Charitable activities
Investment income
Total income
Ixpenditur
'xpenditure on charitable activities
Provision of Residential and
Nursing Care
Expenditure on raising funds
Total expenditure
Net expenditure and
net movement in funds
Accumulated depreciation
written back
8
14
(5,285,364)
(987)
(5,286,351)
(182,523)
:
(5,285,364)
(4,958,718)
(987)
(3,974)
(5,286,351)
(4,962,692)
(182,523)
(329,549)
(182,523)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
631,458
3,137,824
448,935
3,137,824
(182,523)
3,769,282
3,586,759
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
1,249,500
919,951
2,849,331
3,769,282
The notes on pages 12 to 21 form part of these financial statements.
- 9 -

•
SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION
31 MARCH 2025
2025
€
2024
€
Fixed assets
Tangible fixed assets
Investments
4,360,955
8,000
4,368,955
€
4,349,221
8,000
4,357,221
Current assets
Debtors
Cash at bank and in hand
16
459,748
383
460,131
443,760
873
444,633
Creditors: amounts falling due
within one year
Net current liabilities
Total assets less current liabilities
17
(1,032,327)
(1,032,572)
(572,196)
3,796,759
(587,939)
3,769,282
Creditors: amounts falling due after
more than one year
Net Assets
18
(210,000)
3,586,759
-
3,769,282
Funds of the charity
Restricted funds
Unrestricted funds
Total charity funds
19
3,137,824
448,935
3,586,759
3,137,824
631,458
3,769,282
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on
2) Dee and are signed on behalf of the board by:
Rabbi S I Freshwater
Trustee
Ar S J Goldberg
Trustee
so bilbor
The notes on pages 12 to 21 form part of these financial statements.
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SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF CASH FLOWS
YEAR ENDED 31 MARCH 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net expenditure
Adjustments for:
Depreciation of tangible fixed assets
Other interest receivable and similar income
Changes in:
Trade and other debtors
Trade and other creditors
Cash generated from operations
Interest received and similar income
Net cash from operating activities
Cash invested
Capital Expenditure
NET DECREASE IN CASH AND
CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
CASH AND CASH EQUIVALENTS AT END OF YEAR
2025
(182,523)
14,032
(703)
(15,988)
(26,834)
(212,016)
703
(211,313)
(25,766)
(237,079)
(237,079)
(503,145)
(740,224)
The notes on pages 12 to 21 form part of these financial statements.
- 11 -
2024
(329,549)
8,168
(896)
(255,271)
111,900
(465,648)
896
(464,752)
(21,943)
(486,695)
(486,695)
(16,450)
(503,145)

SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1. GENERAL INFORMATION
The charity is a private company limited by guarantee, registered in England and Wales and a
registered charity in England and Wales. The address of the registered office is New Burlington
House, 1075 Finchley Road, London NW11 OPU.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Charities Act 2011.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities measured at fair value through income or
expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
The charity meets the definition of a public benefit entity under FRS102.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are continually
reviewed and are based on experience and other factors, including expectations of future events
that are believed to be reasonable under the circumstances.
The Trustees do not consider there are any critical judgements or sources of estimation uncertainty
requiring disclosure beyond the accounting policies listed below.
Incoming resources
These are included in the statement of financial activities (SOFA) when:
the charity becomes entitled to the resources;
it is probable the charity will receive the resources; and
the monetary value can be measured with sufficient reliability
Legacies are included in the statement of financial activities when the Charity is advised by the
personal representative of an estate that payment will be made or property transferred imminently
and the amount involved can be quantified.
Expenditure
Expenditure is charged on an accrual basis and allocated to the appropriate headings in the
accounts.
The majority of costs are directly attributable to specific activities. Costs incurred in respect of the
charitable activities include elements of staff costs and attributable support costs.
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SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
3. ACCOUNTING POLICIES (continued)
Support costs
Support costs are those costs which are common to all areas of the organisation. These are allocated
across all areas of activity on the basis of the number of service users for each activity.
Governance costs
Governance costs are associated with the governance arrangements of the charity and relate to the
general running of the charity. These costs include audit, legal advice for Trustees and costs
associated with meeting constitutional and statutory requirements such as the cost of Trustee
meetings and the preparation of the statutory accounts.
Resources Expended and the Basis of Apportioning Costs
Expenditure is included in the statement of financial activities when incurred and includes any
attributable VAT which cannot be recovered.
Resources expended comprise the following:
a. The cost of generating funds includes the salaries, direct costs and overheads associated with
generating donated income and legacies.
b. The costs of charitable activities comprise expenditure on residential and nursing care and the
depreciation of those assets used for care purposes.
c. Governance costs comprise those costs attributable directly to the legal procedures associated
with compliance with statutory requirements.
The majority of costs are directly attributable to specific activities and any support costs have been
apportioned between the above categories as described in Note 8.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership
remain with the lessor are charged against profits on a straight line basis over the period of the
lease.
Fixed assets
All fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows:
Furniture, fixtures and fittings
- 20%
Equipment
- 20%
Motor vehicles
- 25%
Repairs and Replacements
The costs of repairs and replacements of buildings, equipment and furniture, fixtures and fittings
and Uniforms are charged to the Income and Expenditure Account. Costs which, in the opinion of
the Governors, represent an improvement to or upgrading of existing fixed assets are capitalised.
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SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
3. ACCOUNTING POLICIES (continued)
Building Project Fund
Donations received towards the capital projects being undertaken by the Charity are credited to a
Building Project Fund.
Property Held for use by Charity
Property held for charitable use is stated at cost.
The Trustees are of the opinion that the Open Market Value of the property is at least equal to the
amount at which it is included in the Financial Statements.
Listed Investments
Shareholdings acquired or donated are included at Market Value at the date of acquisition.
Fund Accounting
The general fund comprises those monies which may be used towards meeting the charitable
objectives of the Charity and which may be applied at the discretion of the Trustees.
The designated funds are monies or assets set aside out of general funds and designated for specific
purposes by the Trustees.
The restricted funds are monies raised for, and their use restricted to, a specific purpose, or
donations subject to donor imposed conditions.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs, unless the arrangement constitutes a financing transaction, where it
is recognised at the present value of the future payments discounted at a market rate of interest for
a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to be paid or received and not discounted.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are
not recognised until there is reasonable assurance that the company will comply with the conditions
attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic
basis over the periods in which the company recognises the related costs for which the grant is
intended to compensate. Grants that are receivable as compensation for expenses or losses already
incurred or for the purpose of giving immediate financial support to the entity with no future related
costs are recognised in income in the period in which it becomes receivable.
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SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continueil)
YEAR ENDED 31 MARCH 2025
3. ACCOUNTING POLICIES (continuer)
Government grants (Continued)
Grants relating to assets are recognised in income on a systematic basis over the expected usefu!
life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred
income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-
related conditions on the recipient, it is recognised in income when the grant proceeds are received
or receivable. Where the grant does impose specified future performance-related conditions on the
recipient, it is recognised in income only when the performance-related conditions have been met.
Where grants received are prior to satisfying the revenue recognition criteria, they are recognised
as a liability.
4. LIMITED BY GUARANTEE
The charity is a company limited by guarantee and has no share capital. The liability of each
trustee in the event of winding up is limited to f1.
5. DONATIONS AND LEGACIES
Donations
Legacies
Donations
Legacies
Unrestrined Restricted Total Funds
Funds
65,000
Funds
67,000
67,000
67,000
Unrestricted Restricted Total Funds
Funds
Funds
2024
64,797
f
:
64,797
64,797
64,797
6. CHARITABLE ACTIVITIES
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
5036,25
5,036,125
4,567,450
1,567,150
Fees and contributions receivable
7. INVESTMENT INCOME
Income from listed investments
Interest receivable
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
703
700
3
703
719
177
896
719
177
896
- 15 -

SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
8. PROVISION OF RESIDENTIAL & NURSING CARE
Provision of Residential and Nursing Care
Provision of Residential and Nursing Care
Staff costs (Note 12)
Catering and food
Premises day to day costs
Medical, care and welfare costs
Finance costs
Support costs (Note 10)
Depreciation
Total for residential
and nursing care
Staff costs (Note 12)
Catering and food
Premises day to day costs
Medical, care and welfare costs
Finance costs
Support costs (Note 10)
Depreciation
Total for residential
and nursing care
Unrestricted Restricted
Funds
Funds
5,285,364
Total
Funds
2025
5,285,364
Unrestricted Restricted
Funds
Funds
4,958,718
Total
Funds
2024
f
- 4,958,718
Unrestricted Restricted
Funds
Funds
3,789,581
630,202
574,590
212,687
40,536
23,736
14,032
-
-
-
Total
Funds
2025
3,789,581
630,202
574,590
212,687
40,536
23,736
14,032
5,285,364
Unrestricted
Restricted
Funds
Funds
3,507,353
670,843
542,251
189,453
14,513
-
-
26,137
8,168
5,285,364
Total
Funds
2024
3,507,353
670,843
542,251
189,453
14,513
26,137
8,168
4,958,718
4,958,718
- 16 -

SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
8. PROVISION OF RESIDENTIAL & NURSING CARE (Continued)
Analysed between cost centres
Staff costs (Note 12)
Premises day to day costs
Medical. care and welfare costs
Total for residential and nursing care
Staff costs (Note 12)
Catering and food
Premises day to day costs
Medical. care and welfare costs
Finance costs
Support costs (Note 11)
Depreciation
Total for residential and nursing care
Premises Day to Day Costs
2025
Total
3,232,554
123,554
133,473 3.785,581
630,202
131,411
31242
241,368
630,202
574,590
212,687
40,536
11,736
14,032
12,000
40,536
23,736
14,032
4,060,501
538,022
686,841
5,285,364
Operating
Establishment
Administrative
2024
Total
Costs
Costs
2.869.045
114.968
€
523.340 3,507,353
670.843
368,343
173,908
670,843
90.004
542,251
99,359
189.453
14.513
14,513
11.737
8.168
:
14.400
26.137
8,168
3.664.400
582,670
711,648
4,958,718
Establishment Costs
Light and Heat
Insurance
Repairs, Refurbishments and Maintenance
Rates
2025
Total
110,566
49,951
155,107
17,598
£333,222
2024
Total
127,156
55,298
162,883
23,006
£368,343
- 17 -

SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
PROVISION OF RESIDENTIAL & NURSING CARE (Continued)
Premises Day to Day Costs
Administrative Costs
Telephone
Motor and Proressional
Computer Running Costs
2025
Total
9,565
10,126
81,121
69,536
13,276
15,156
15,739
17,830
£241,368
£574,590
2024
Total
9,064
6,479
57,004
25,396
8,942
19,553
22,680
16,312
8,498
£173,908
€542,251
Grand Total
9. EXPENDITURE ON RAISING FUNDS
Fundraising costs
Unrestricted Total Funds Unrestricted Total Funds
Funds
Funds
2024
987
f
987
3,974
3,974
10. SUPPORT COSTS
Unrestricted Total Funds Unrestricted Total Funds
Funds
Funds
2024
Office costs
Audit fees
11,736
11,737
12,000
23,736
11,736
12,000
23,736
11,737
14,400
14,400
26,137
26,137
Office Costs represent Professional Fees incurred on an actual basis paid to the Company's auditor
in respect of other non-audit services (Payroll).
11. NET EXPENDITURE FOR THE YEAR
Net expenditure is stated after charging:
Staff costs
Auditors remuneration
Depreciation
Staff pension contributions
2025
3,466,142
12,000
14,032
80,437
2024
3.134,984
14,400
8,168
70,014
- 18 -

SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
12. STAFF COSTS
2025
2024
Staff Costs during the Year were as follows:
Wages and Salaries
Social Security Costs
Employer's pension
3,079,129
306,576
80,437
2,796,125
268,845
70,014
3,466,142
3,134,984
Agency Staff, Clinical lead and supervising services,
Recruitment and related costs
323,439
372,379
€3,789,581
£3,409,653
Staff Costs by function were as follows:
Residential and Nursing Care
€3,789,581
£3,507,353
The average number of employees, excluding agency staff, analysed by function, was:
Residential and Nursing Care Services
2025
99
2024
99
13. TRUSTEE AND KEY MANAGEMENT REMUNERATION AND EXPENSES
There was no remuneration paid to the trustees. The charity did not meet any individual expenses
incurred by the trustees for services provided to the charity. Remuneration paid to key management
personnel totalled £278,886.
14. TANGIBLE FIXED ASSETS
Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
Freehold Furniture
Land and Fixtures &
Motor
buildings
Fittings Equipment
Vehicles
4,287,279
408,570
331,418
24,291
4,287,279
432,861
1,475
332,893
Total
24,000
5,051,267
25,766
5,077,033
24,000
:
4,287,279
4,287,279
4,287,279
379,499
7,470
386,969
45,892
29,071
- 19 -
299,114
5,995
305,109
27,784
32,304
23,433
567
702,046
14,032
24,000
716,078
4,360,055
567
4,349,221

SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
14. TANGIBLE FIXED ASSETS (Continued)
The Trustees are of the opinion that the open market value of the premises is at least equal to its
carrying value in the accounts.
15. INVESTMENTS
At 1 April 2024 and 31 March 2025
Listed Investments
£8,000
The Listed Investments represent quoted shares donated to the Charity. The market value of the
shares at 31 March 2025 was above its holding value.
16. DEBTORS
Trade debtors
Other debtors
2025
382,265
77,483
459,748
2024
367,584
76,176
443,760
17. CREDITORS: amounts falling due within one year
Bank loans and overdraft and other loans
Taxation (PAYE)
Other creditors and accruals
2025
530,607
86,980
414,740
1,032,327
2024
504,018
79,260
449,294
1,032,572
18. CREDITORS: amounts falling due after more than one year
Bank loans and overdraft and other loans
2025
210,000
2024
f
- 20 -

SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS continue)
YEAR ENDED 31 MARCH 2025
19. ANALYSIS OF CHARITABLE FUNDS
Unrestricted funds
General funds
At
1 April
2024
631,458
Unrestricted funds
At
1 April
2023
(288,493)
General funds
Restricted funds
Building project fund
Restricted funds
Building project fund
Accumulated
At
Depreciation
31 March
Income Expenditure
Written back
2025
S.03,38285
(5,286,321)
448,965
Accumulated
At
Depreciation 31 March
Income Expenditure
Written back
2024
1,633,143
(1.962,692)
1,219,500
631,458
At
1 April
2024
3,137,824
3.137,824
Income Expenditure
At
31 March
2025
3,137,824
3,137,824
At
1 April
2023
3,137.824
3,137,824
Income Expenditure
€
At
31 March
2024
f
3,137,824
3,137,824
- 21 -

SERVICE TO THE AGED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
20. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible assets
Investments
Net Liabilities
Net assets
Jnrestricted
Fund
1,223,131
8,000
(782,166)
448,965
Restricted Total Funds
Funds
3,131,824
2025
4,360,955
8,000
(782,166)
3,137,824
3,586,789
Unrestricted
Funds
Restricted Total Funds
Funds
Tangible assets
Investments
Net Current Assets
Net assets
1,211,397
8,000
(587,939)
631,458
3,137,824
3,137,824
4,349,221
8,000
(587,939)
3,769,282
21. COMPANY LIMITED BY GUARANTEE
Every Member of the Charity has undertaken to pay such an amount as may be required not
exceeding fl towards the Charity's assets if the Charity should be wound up.
22. RELATED PARTY TRANSACTIONS
(i) Included in other debtors (Note 16) is an amount of £56,986 due from Friends of SAGE
Limited, a Trustee (Director) of which is Mr S.J Goldberg, who is a Trustee of this Charity.
The loan is interest free and repayable on demand.
(ii) Included in creditors (Note 17) is an amount of £270,180 due to Highdorn Co Limited, the
directors of which are Mr B.S.E. Freshwater and Mr S.I. Freshwater who are Trustees of the
Charity. The loan is interest free and repayable on demand
- 22 -