Charlty reglslratlon number 1064810
Company reglstratlon number 033716171England and Wales)
PHILIP CUSSINS HOUSE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

PHILIP CUSSINS HOUSE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
F Fagleman
B Dinsdale
P Netts
D Gold
G Bemstono
S Ravenhall
(Appoint￿ 1 Soptembgr
2024)
(Appoint￿ 1 Septembor
2024)
J Lewis
Charlty number
1064810
Company number
03371617
Reglstered offlce
33135 Linden Road
Gosforth
Newcastlo upon Tyno
NE3 4EY
Independent examlner
Simon Brown BAACA DChA
Azets Audit SeNices
Bulman House
Repnt Contr8
Gosforth
Newcastlè Upon Tyn
NE3 3LS
Banker5
Barclays Bank ple
53 Fawc8tt Street
Sunderland
SR1 IRS
Sollcltors
Mincoffs Solicitors LLP
5 Osbome Terraco
Je5mond
N•wcastle upon Tyno
Tyno & Wear
NE2 1SQ
Key Management Personell
Mrs LemDn. Home Manager

PHILIP CUSSINS HOUSE
CONTENTS
Page
report
Independent ex8minèrf$ réport
Statemwt of financial activities
Statement of financial position
ststement of cash fl¢)ws
Notes to the financial statements
9-16

PHILIP CUSSINS HOUSE
REPORT {INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 Dacomber 2024.
Tho trustees, who are also th8 directors lor the puTprx of mmpany law. and who served during the year and up to
the dato of signature of the financial statsments w•r8:
F Fagloman
B Dinsdale
B Marcus
P Nètts
D Gold
G Bemstono
S Ravenhall
J Lewis
C E LuTi8
(Resigned 5 January 2025)
(Appointed 1 Septembèr 2024)
(Appointed 1 Septsmbor 2024)
(Resigned 10 April 2024)
struclL•re, governance and management
Nature of governlng document
The charity is controlled by its govèming d¢xument, a deed of trust, and constitutes a limilod company, limited by
guarantee, as dofin8d by the Companies Act 2006.
Recrultment and appolntment of trustees
New trustees aro sought as and when the trusteos considgr this necessary and appointments are made by
agreement of the tru5teos.
Organlsatlonal structure
The day to day managèmant of th8 care homo is in the harrfls of a manager and an administrator. The tru5tep5 take
an active interest in the day to day operations of the care 1￿Me.
Ob*ctlves and actlvlties
Obfvcts and alms
Tho Charivs obj'ective is to provid9 and maintain a residential care home for elderty members of the local Jowish
community, and others, who are in ne&d of caro.
Fundralslng dlsclosures
The charty is required to report how it doal$ with fundraising from the public. The charity does not use
profossional fundraiser or commercial participator to raise funds. Any monies raised direct from the public follows all
guidelines set out by the Charity Commission and UK law in every re$￿tt. We reswct tho privacy and contact
preforonces of all public donorg.
Publ1¢ benefit
The charty ralies on the income from fees and charg&s to covor mo$t of its operating costs. In setting the18vel of
feés the trustèès givé due consideration to tho nood to ensure that tho residential accomodation provided by Philip
Cussin$ House is a￿essible to all members of the local Jewish community.
The trustees confimi that thoy h&v9 complied wFih the requirements of section 17 of the Charrties Aet 2011 to havè
due regard to the public benefit guidance published by the Charty Commission for England and Wales.

PHILIP CUSSINS HOUSE
REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achlevements and performance
2024 has been another busy yèar and thanks to thè hard work and dedicated efforts of all our staff, Philip Cussins
House has coped magnrficently well wlh another demanding yet satisfying year.
Our wonderful team of carers, cooks and domestics led most ably by managèr Margaret Lèmon assistèd by her
d•puty manager Anne Honderson have all made a huge effort to ensure that all residents were kept happy and
secure.
Thanks to Nicole Dumes who continues to look after thè offKa and administration wo￿.
Thanks go to all tho krtchen staff led by Brian Pearson and tho work of Susan A]len our House Manager.
We are grateful to Rabbi Lieberman, tha head of GatKhoad Kashrus Authority for his guidance throughout the year.
I'm also Indebt￿ to our f8bulous staff for the kjve arKI care that they give to our residents ev8ry day and night of the
Thanks also to my follow Truste85 orb our board for thoir hard work and support and the Hous8 Committee. Pamola
Gold Bemice Mareus, Barbara Netts and Debbiè Ross.
Wa record our grateful thanks to the GP'S and district nur895 from the Grove Medical Group along vrith others in the
NHS who wer6 addressad tha needs of our residents throughout the y98r.
W? also report with sadness tho passing in 2024 of residents Jung Woolman, Ezra Altman, Jane Shemian Sylvia
Couriel and Shiday Wood who was with us for respite care.
We again sincerely thank the House Committee, meeting every week, they wort( wrth Margarot Lemon and the staff
to ensure that our resrd8nts18ad a full and var￿d life.
We have a full diary of events, entertainment and outings with staff creating a wonderful varioty of regular
rninibus oulings to local garden centros and county houses and to the coast for an ice cream on the promenade.
Indoors a prètty busy sch•dule of numerous activitios induding indoor exerciso, karaoke, pizza evenings, bingo,
birthday ¢elebration5 With entertainers and singers, just a visit to our new updated website will show you the full
diary of events.
Oft￿ again, our wondèrful staff worked together to create a frierKlly. happy. loving atmosphere keeping Philip
Cussins House one ol the most highly roted Care homes in the area.
Flntnclal revlew
Our deficit for the year was £157,338 (2023: £117,102> in a year in ￿{th we have reduced our value of
investments, converting tho investment to cash. Liquid reserves rgmain substonlial at £219,779 which will ensure
the continued running of one of the best caro homos in tho North East.
Golng concern
Th8 charity's forecasts and projections for the next ￿e1ve months show that the charity should be able to continue
in operational oxistonce for that poriod. taking into account reasonabl8 possible changas in trading
perfomwnce.Tho charity has strong positive cash and investment balances and is forecasting for this to continue to
bg the case. Tho Irustees have stress tested their forecasts, taking into account various scenarios, and rema
eonfident that the uncertainties do not cast significant doubt on the companls abilty to continue as a going
oncem.

PHILIP CUSSINS HOUSE
REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Pollcy on reserves
The calculation of free rasarves is based on tho definition induded in the charity 5tstement of recomrnended
practice (SORP), whith provides recommendations for accounting and roporting for charities. The trust88s ha
examined the requirements of the charity to hold free reserves - those reserves not invested in tangible fixed assets,
excluding long tem liabilities. or designated for a particular purpose. The TNstees considered it would be
appropriate to hold the equivalent of 12 months running costs, which would equato to holding apprgximate
£760.000-£790.OIJO in free reserves.
At tho year end, free resorves induding amounts hold in fixed asset investments were £217,397
(2023: £373.991. a décréasé of £156.594 in tho year.
Investment pollcy and objectlves
The trustees have considered the most appropriaté policy for tnvesting funds arKI have found that knlding a portfolio
ot lower risk invastrnènts managad by Bardays WeaEth lo be most suitable. noting that those wero fully withdrawn
during the year.
Key Management Personnel
The board, who give their time freely and have received no remuneration in the year. have considered who are the
Koy Manag6m8nt Petsonnel (KMP) of the charity, as noted in the Reference arKI Administration section. Together
vrith the board. these KMP are thosè in charge of directing and controiling, running and operating tho activiti8s of
the charity on a day to day basis. The pay of the KMP is reviewed annually and nomially increased ITr accordance
with average eamings. The trustees b8nchmark against paylgvels of other thartties and similar organisations within
the sector and the region. Pay 16vels are sèt using this information together with the budget and forecast
infonnation, ensuring that the charty can afford any proposed increases. The board then agree any uplfft to
remunoration.

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PHILIP CUSSINS HOUSE
STATEMENT OF RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees, who are also the directors of Philip Cussins House for th8 purpose of company law. are responsible
for preparing the Report and the financial statements in accordance with applicablè law and United Kingd¢yn
Accounting Standards (United Kingdom Generalty Accapted Accounting Practice).
Company Law requires the Irustees to prepare financial statamonts for each financial y8ar which givo a true and fair
view of the state of affairn of th8 charty and of the incoming resources and application of rèsources, including the
income and expenditure, of the charitablè company for that year.
In preparing t￿$8 ffinancial statements, Ih? twstees are required to:
- select suitable accounting policies and then apply them consistently,.
- obsérve the methods and principles in the Charities SORP;
- make judgements and estimatas that are reasonabte and prudent and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charty
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
•ny time the financial ￿sItion of the charity 8nd enable them to ensure that the financial statements comply widi the
Companies Act 2006. They aro also responsible for safeguarding th8 assets of t1￿ charity and henco for taking
r￿SOnable step5 for the prevention and detection of fraud and other irregularities.
By order of th8 Board of Trustees
ISJAaO(*.I&J96STIUTC•l
F Fogleman
Trustee
Dale..
15 July. 2025

fr411
qlJ4¢1 Ifi Jts1 In.T£ 4: I¥Sl IllJl- D l.? $1 8,1
PHILIP CUSSINS HOUSE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PHILIP CUSSINS HOUSE
I report to the trustees on my examination of the financial statements of Philip Cussins House {th8 charity) for the
year endgd 31 December 2024.
Responslbllltles and basls of report
As th• trustèes of the charity (and also its directors for the purposes of company lawl you are responsible for tho
preparation of the financial stat6ments in accordance wilh the requirements of th8 Companies Act 2006 {the 2006
Aet).
Having satisfied rnyself that the finanelal statements of tho charity are not required to be audiled under Part 16 of
the 2006 Act and aro eligible for independ•nt examination, I report in rospect of my examination of thè d)arity's
financial stat8ments carried, out under section 145 of the Chariknes Act 2011 (the 2011 Act). In ￿rryIng out my
oxaminatton I have fallowed all the applicable Direct1*X￿ given by th¢ Charity Commission under section 145(5)(b)
of the 2011 Act.
Independent examlnefs statement
Since the charty's gross income exceeded £250.000 your examiner must b8 a membar of a body listed in section
145 of the 201 f Act. I confirm that l am qualified to undertake the oxamination because l am a m8mber of ICAEW,
vthich is ono of the listed bcdie$.
I have completsd my examination. I confim that rn matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting records w¢r8 not kept in rèspoct of the charity as required by ¥e¢tion 388 of the 2006 Act: or
thè financial $tatsm8nts do not accord wsth thoso records", or
Ihe ffinancial Statèments do not comply wrfih th accounting requiremènts of section 396 of the 2006 A¢t other
Ihan any requiremont that the accounts give a tNe and fair view which is not a matter considerod as part of an
Èndepend8nt examination; or
lh• financial statements have not be￿ prepared in accordance with the methods and principlos of the
Statement of Recommended Practice for a￿OuntIng and reporting by chariliés applicable to chariti03
preparing their accounts in accordance with th8 Financial Reporting Standard applicable in the UK arKI
Republic of Ireland (FRS 102).
I h￿0 no concerns and havg come across no other matters in connection wth the •xamination to which att•nti¢)n
$I￿Uld be drawn in this report in ordèr to enable a proper understanding of the financial statements to b8 reached.
Slmon Brown BA ACA DChA
Azets Audit Services
Bulman House
Regent Cenlro
Gosforth
Newts$tle Upon Tyne
NE3 3LS
Dated: 1510712025

PHILIP CUSSINS HOUSE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
(As restated)
Unrestrlcted Unreslrlctsd
funds
funds
2024
2023
Notes
Income from:
t)onations and legacieg
Charitable activities
Inv•stmentS
4,651
920,310
13,231
848,063
10,326
Total Income
930.025
869.620
Ex endlture on".
Charitable activitie5
1,096.965
997,472
N¢t gains1(lo$$e$) on Inv￿lMents
10
7,220
10,750
Nel movement In funds
(159,720) (117,102)
Fund balances at 1 January 2024
1,392,208 1,509,310
Fund balances at 31 December 2024
1.232,488 1.392,208
The statement of financial activrtios includes all gains and losses reeognised in the year.
All income and expenditure derive from continuing activitios.
Thg statemgnt of finan￿8[ activitios also compyios with t￿ requirements for an incomè and èxpenditurè account
under the Companies Act 2006.

IC17rt42841 Iulf. •liC1QI'
PHILIP CUSSINS HOUSE
STATEMENT OF FINANCIAL POSITION
ASAT31 DECEMBER 2024
2024
2023
as restated
Notes
Flxed assets
Tangible assets
Invèstrients
12
13
1,015,091
1.018,217
189.151
1,015,091
1.207.368
Current assets
D•bters
Cash at bank and in hand
14
33,376
224,491
20.846
195,719
257,867
216,565
Credltors.. amounts falllng due withln
one year
15
(40,470)
(31,725)
Not current assets
217.397
184.840
Total assets less current Ilabllttles
1,232,488
1,392,208
Income funds
Unrestricted funds
1.232.488
1.392.208
1,232,488
1,392,208
The company is entiued to the exemption from the audit requirement contained in se￿￿)n 477 of the C¢mponie$ Act
2006. for the yeor ended 31 December 2024.
Thè d4rectors acknowledge th8ir rasponsibilitios for complying wth the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial stalem8nts.
The members have not r8quirod tho company to obtain an audit of its financial ststements for the year in questign in
accordancé with seetion 47e.
These financial statements h8v8 been prepared in accordance with the provistons applicable tr) companies subject
to the small companies regim•.
1510712025
Thefinancial statefftsnts were approved by tho Trust•os on ........................,
F Fagleman
Trustee
Company reglstrallon number 03371617

PHILIP CUSSINS HOUSE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operatlng aclivltles
Cash (absorbed byvgenerated from
operation5
19
(168,183)
130.081
Investing activltles
Purchase of tangible fixed assets
Proceeds from disposal of tangiblè fixed
assots
Proceeds from disposal of inveslments
Investment ineomè recoived
(4,829)
{20.328)
349
196,371
5,064
23.670
10.328
Nel cash generated from Investlng
actlvltles
196,955
13.668
Nel cash used In flnanclng actlvltles
Net Incvease In cash and cash equlvalents
28,772
143,749
Cash and cash equivalents at beginning of year
195,719
51,970
Cash and cash equlvalents at end olyear
224,491
195,719

PHILIP CUSSINS HOUSE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcies
Charlty Inlorniatlon
Philip Cussins Houso is a private company limited by guararrtee incorporated in England and Wales. The
registered office is 33135 Linden Road, Gosforth, Newcagtle upon Tyne. NE3 4EY.
1.t Accountlng conventlon
The financial statements have been praparod in accordance with the Companies Act 2006, FRS 102 'Th8
Financial Repcrting SlarKlard applicable in thè UK ar￿ Republic of Ireland. I'FRS 102.) and the Charities
SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicablo to charities
preparing their accounts in accordance with Financial Reporting Slandard applicable in the UK and
Republic of Ireland IFRS 102). (effective 1 January 2019). Th8 charty is a Public Benefft Entity as definod by
FRS 102.
The financial slatemenls are prepared in sterfing. which is the functional currency of thé charty. Monetary
amounts in thes• finanaal statements are rounded to Ihe nearest £.
The financial statemonts have been prèpared under the histortcal cost convention modffided to include tho
revaluation of inveslments. The principal accounting poiictes adopted are set out below.
1.2 Prlor perfod error
The comparative figures for the year end•d 31 December 2023 have been adjustsd to refiect an adjustment to
other dobtors, removing tha £100,000 loan balance (which was receipted by the 2023 year end and the
receipl incorrectly posted into income). As a rèsult of the Correction, the incoma reported in 2023 year has
been reduced by £100,000 and the other debtor rèmoved. such that the dosing roserves reported in the 2023
signed accounts have also docreased by tha sam• amount.
t.3 Golng concern
At th6 time of approving the financial statements. the trustees have a reasonable expethtion that Ihe tharity
has adequate resources to eontinuo in oporational &xistence for the foresoeable future. Thus the trustees
continue to adopt the g￿ng concem basis of accounting in preparing the financial stat8m•nts.
1.4 Charltable funds
Unrestricted funds aro available for usp at the discretion of the trustees in furtherance of their charitablé
objectives.
Rostricted fvnds are subject to specific conditions by donors as to how they may be used. Tho purposes and
uses of the restricted fvnds are sèt out in tho not95 to the financial statements.
End¢)wment funds are subject to specific condition5 by donors that the capitsl musl bo maintained by the
tharity.
1.5 Income
Income is recogni5ed when the charity is legalty entitled to it after any porfomancg conditions have been met.
the amoLrnts be Tneasured reliabty, and it is probable that income will be receivgd.
Ca6h donations are recognised on receipt. Other donations are recognised once the tharity has beon notifigd
of the donation, unless PerfO￿anCe condilions require doferral of thè amount. Incomé tax r8cover8ble in
elation to donations received under Gfft Aid or deeds of covenant is recognised at the time of thè donatten.
Legacies are recognised on receipt or olherwise rf the charty has been notified of an impending distribution.
th• amount is known, and receipt is 8xpected. If the amount is not kncwn, the legacy is trealed as
contingent asset.

PHILIP CUSSINS HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles
(Contlnued)
1.6 Expendlture
Exponditure is recognised once there is a legal or constructive obligalion to transfer economic benefft to
thi￿ party, it is probable that a transfer of economic benefits will be required in setuement. arKI th• amount of
the obligation can ba measured reliab￿.
Expenditure is classffied by activity. The costs of each activty arè made up of the total of direct costs and
shared cogls. including support costs involved tn undertaking eath activity. Dired costs attributable to a single
activity are allocated directly to Ihat activity. Shared costs whith ￿ntriblrtQ to more than one activty and
support costs which are not attributable to a single activity are apportionèd bgtweon thos8 actrvrties on a basis
consistgnt wth the u59 of resources. Central staff costs are allocatèd ¢)n thè basis of timè spent. and
dépreciation cherges are allocated on the portion of the asset's use.
1.7 T￿gible flxed assets
Tangiblo fixed assèts are initialty measured at cost and subsequently moasured at cost or valuation, net of
depreciation and any impairn*nl losses.
Depreckgtion is recognised so as to writè off the cost or valuation of assets less their restdual values over thoir
useful lives on the following bases:
Froehold Property
Fixlures, Fittings and Computer Equipment
Sephar Torah
Straight line over èxpectedlrfo
50% and 20% straight line
Nil rate
The gain or loss arising on the disposal of an assèt ts det8rn)in•d as thp difference btheen the sale proceed5
and thé earrytng value of the asset, and is recognis•d in the statenient of finoncial odivitie$.
1.8 Flxed asset Investments
Fixed asset investments are initially measured at transaction price 6xcluding transaction costs, and are
subsoquèntly measured al fair value at each reporting date. Changes in fair valua arè recognisad in not
ncomal{èxpènditurè} for the year. Transaction costs are expensed as incurrad.
1.9 Impalmient of flxed assets
At each roporting and date, thè charty reviows the carying amounts of its tangible assets to determine
whether there is any indication that those assets havè sufferad an impairment loss. If any such indication
exists. tho rocoverable amount of the asset is estimated in othr to detemiine the extent of the impaimient
fv)ss (rf any).
1.10 Cash and cash equlvalents
Cash and cash equivalents includo cash in hand, deposits held at call with banks, other short-temi liquid
investment5 with original maturities of threa months orlass, and bank ovérdrafts. Bank overdrafts are shown
within borrowFngs in current liabiliti8s.
'.11 Flnanclal Instruments
The tharity has elo¢tod lo appty the provisions of Section 11 'Basic Financial Instrumonts, and Sedion 12
Xher Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments ore recognised in the chartys balance sheet when the charity becomes party to the
contractual Provisions of th8 instrum8nt.
Financial assets and liabilities are offset. with th8 net amounts presented in the financial statements, whon
there is a legally enforc6able right tp set off the recognised amounts and there is an intention to settle on a net
basis or to realiso the 8s$et and settl8 the liabilty simultaneously.
10-

PHILIP CUSSINS HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles
Icontlnued)
Baslc flnanclal assers
Basic financial assets, which indude debtors and cash arKI bank balances, are initr'ally mèasured at
transaction pric8 tncluding transaction cost5 and are subsequentty carried at amortised cost usiNJ thé eff8Ctive
interest method. Financial assets dassffied as récgivablo within one year are not amortisad.
Baslc Ilnanclal Ilabllltles
8asic financial liabilitios, induding creditors and bank loans are initially recognised at transaction price.
Financial liabilities classthed as payable within one year are not amortised.
Debt instrum•nts are subsequenuy carried at amortised cosl using Ihe effective interest rate method.
Trade Grodilor5 are obligati¢3ns to pay for goods or servicas that have been acquirod in the ordinary c¢)urse of
operations from suppliers. Amounts payable are classified as current liabiltties if payment is due wilhin one
year or less. If not, they aré presented as r￿￿cUrrent liabilities. Tradg uedilors are recognised initially at
transaction price and sub5equentty measured at amortisod cost using the effectwe interest method.
Derecognltlon of Ilnanclal liabilitles
Financial liabilities are deracognised whèn t￿ tharitys contraclual obligations expire or are discharged or
cancelled.
1.12 Retlrement benellts
Payrnents to defined contribution retirement b&nefft scheme5 are chayged as an expense as they fall duo.
Crltl¢ai accountlng estlmates and Judgements
In the applieatien of the charity's accounting policies, the trust￿5 are required to make judgements, estimates
and assLtmptigns aboLrt the carrying amount of assets and liabilities that are not readily apparent from other
s￿r¢05. Tho estimates and associated assumptions are based on historical eXper￿nCe and other factors that
are considèred to bè relovanl. Actual resuhs may differ from these estimates.
The estimates and undeHying assumptions are reviewed on an ongoing basis. Rovistons to accounting
estimates are recognised in the period in which the estimate is revised whore th8 reviston affocts onty that
period, or in the period of the rèvision and fulure periods where the revision affects both eurrent and future
periods.
There ara no significant 8stimates.
Donatlons and legacles
Unrestrlcted Unrestrlcted
funds
lunds
2024
2023
Donations and grfts
Legacies re￿&vable
Grants rec8ivabl8
2.351
2.300
5,834
3.7TT
3.620
4,651
13,231
11

PHILIP CUSSINS HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charltable actfvltles
Care home Care home
room fees Toom fees
and daycaie and daycare
2024
2023
Rental incune
920.310
846,063
Care homè room fees aro unrestricted incomo.
Inveslmenls
Unrestrlcted Unrestricted
funds
funds
2024
2023
Other investment income
Interest receivab
3,295
1.769
9.282
5,064
10.326
Charrtable actlvltles
Care home Care home
room lees room fees
and daycare and daycare
2024
2023
Staff costs
Depreciation and impaimient
Care h¢)me room fees and daycare
891,193
7,606
377.922
613,211
8.693
348.589
1,076,721
970,493
Share of support costs
Share of govemance costs
3,917
16,327
6.315
20,664
1,096,965
997.472
12-

PHILIP CUSSINS HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs
Support Governance
costs
costs
2024
Support Govemance
costs
costs
2023
Telephone
Bank charges
Subscriptions and
mgmberships
2,378
1,474
2,376
1.474
4.549
1,611
4,549
1.611
67
67
155
155
Aecountancy
Legal arKI professional
Olher govemanco costs
4,400
2,483
4,400
2,483
4,050
3,208
13,406
4,050
3,208
13,406
3,917
16,327
20,244
6,315
20,664
26,979
Analy5ed be￿￿0￿
Charitablo activitms
3,917
16,327
20,244
6.315
20.884
26,979
Trustees
Nor* èf the trusteos (or any porsons connected with them) received any remuneration or benefits from the
charity during the year.
Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Staff total
30
Employment costs
2024
2023
Wagés and salaries
Social security Costs
Other ponsion costs
636,888
44,950
9,357
569,5TI
36,397
7,237
691,193
613,211
There werè no employees whose annual romuneration was moro then £60,000.
The total èmployee bpnaffts of the key management P8rsonnel of the charity were £39,453 <2023: £35,795).
13-

PHILIP CUSSINS HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Trlet galnsl(losses) on Investments
Unrestrlcted Unrestrictsd
funds
lunds
2024
2023
Rovaluation of investments
Gainl(loss) on sale of invostsnonts
(34,017
41,237
10.710
7,220
10,750
11 Taxallon
Thé charity is exempt from tax on income and gains falliNJ within sèction 505 of the Taxes Act 1988 or section
252 of the Taxationof Chargeablo Gains Act 1992 to the extent that these are applied to its charitable objects.
12 Tanglble Ilxed assets
FrMhold
Flxtuf••, Seph*r Tprah
Pro￿rtY Flttlngt and
Computer
Equlpment
Totol
Cost
At 1 January 2024
Additions
Disposals
993.763
228,026
4.829
(349)
3,000
1,224.789
4.829
(349)
At 31 Decombor 2024
993,763
232,506
3,000
1.229.269
Depreclatlon and Impalrment
At 1 January 2024
Depreciation charged in tha year
206,572
7.6Cfj
208,572
7,606
At. 31 December 2024
214,178
214,178
Catyng amount
At 31 December 2024
993,763
18.328
3,000
1,015,091
At 31 December 2023
993.763
21.454
3,000
1.018.217
Th8 twustses have considered the value of tha Freehold Propety above as al th8 year end and have
eoncluded that tho value of these would not be lower than £993.763 They havo therefore decided not to
depreciate the asset.
14-

PHILIP CUSSINS HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 Flxed asset Investrnents
Llsted
Investhient5
Cash in
portfollo
Total
Cost or valuatlon
At 1 January 2024
Disposals
189,061
(189.061 }
189,151
(189,151)
{90)
At 31 December 2024
Carrylng amount
At 31 December 2024
At 31 December 2023
189.061
189.151
14 Debtors
2024
2023
As restated
Amounts falllng due wlthln one year:
Trade debtors
Othr debtors
Prepaymènts and accrued income
20,003
525
12,848
2,782
2,906
15,158
33,378
20,846
15 Creditors.. amounts falllng due withln one year
2024
2023
Other taxation and social Security
Trade creditors
Other creditors
Accruals and deferred income
10.722
19.230
5,693
4.825
7,953
13,724
4,804
5,244
40,470
31,725
15-

PHILIP CUSSINS HOUSE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Retlrement benefit schemes
Defined ¢ontrlbutlon schemes
The chartty operates a defined contribution pension schema for all quolifying employees. Thg assets of the
schemè are held separatsly from those of the charity in an indopendontly administ￿ed fund.
The tharge to profft or toss in respect of defined contribution schemès was £9,357 (2023- £7.237).
Contributions totalling £425 (2023 - £683) were payable to the sch•m• at the end of the year and are included
in ￿edItorS.
17 Anatysls of net assets between funds
(As restated)
Unresirlcted Unrestrlcted
funds
funds
2024
2023
Fund balanc￿ at 31 Decarnbèr 2024 are repr888nted by:
Tangbi le assets
Investmènts
Current assetsl{lÈabiliti8s)
1.015,091
1,018.217
189.151
184.840
217.397
1,232.488
1,392.208
18 Related party transactlons
Th8rg W8r• no disclosabl8 related paty transactions during tha year (2023 - none).
19 Cash generated from operatlons
2024
2023
Deficit for the year
(159,720)
1117.102>
Adjusknants for:
Investment income rocognised in statement of financial activittas
Gair) pn disposal of investsments
Fair valu• gains and losses on invèsknonts
Depreciation and impaimwnt of tangible fixed assets
(5,084)
(41,237)
34,017
7,606
(10.328}
(40)
(10.682)
8.693
Movements in working capital:
{IncTeaseydecroase in debtors
Increase in ￿dit¢)rS
(12.530)
8.745
250.718
8,820
Cash (absorbed byygenerated from operations
(168.183)
130,081
16-