Chaiyty registration number 1158640 IEn8land and Walesl Company registration number 09044373 SAGE HOUSE TANGMERE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE LEGAL AND ADMINisfRATIVE INFORMATION Trustees Mrs C T Bogoje Mr R A Broadribb Mrs M K Matthews Ms P Nesbit Dr A Childs Mrs T M Y Mccall Mr C Thornhill Mrs C M Cannon Ms M Litchfield MrA H Faure Ms D L Day Lafferty (Appointed 22 August 20241 Charity number 1158640 Company number 09044373 Registered office Sage House City Fields Way Tangmere West Sussex England P020 2FP Auditor Robert Sadler & Company Limited 30b Southgate Chichester West Sussex P019 IDP Bankers Nation31 Westminster Bank PIC Chichester Branch 5 East Street Chichester West Sussex P019 IHH Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE CONTENTS Page Trustees, report i-ii ststement of trustees, responsibilities 12 Independent audttor's report 13-14 Statement of financial activities 15 Balance sheet 16 Statement of cash flows 17 Notes to the financial statements 18-30 Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also directors of the charity for the purposes of the Companies Art 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities pparIng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151. The charity's name was changed at Companies House and Charitv Commi55ion for England and Wale5 on 19th February 2025 from Dementia Support to Sage House Tangmere. This enables the name Dementia Support to be used for an independent charity focussed on the National Ambitions Plan. Objectives and Activities The charity (then named Chichester Dementia Support Group) was started in 2014 by a group of local people who had been personally touched by dementia. Dementia is an umbrella term for a range of conditions affecting physical, cognitive. communication and memory abilities. It is a terminal disease developing into the complete inabiltty to lead an independent life and brings substsntial worry and responsibilities for loved ones who care for them. Dementia is the leading cause of death in the UK and there is no cure. Loved ones close to someone with dementia find themselves recast in the role of carer- trying their best to look after someone dear to them, whi15t at the same time witnessing their decline. The impact on c3rer5 cannot be understated, and they require significant support themselves. It Is estimated that there are 982,000 people wwth dementia in the UK and this continues to grow. The total c05t of care for people with dementia in the UK is £34.7billion. This is set to grow sharply over the next two decades, to £94.Ibillion by 2040 as prevalence grows. This is despite the huge efforts of unpaid carers, without whom the system would not be able to cope. It is estimated that l in 2 people will be affected by dementia in their lifetime, either by developing the disease or caring for a loved one. Across West Sussex. we estimate that there is over 18.(M)O people living with dementia Iwest Sussex Joint Dementia Strategy, 2020-231 and this is expected to increase by 36% by 2030. as the population ages- age 15 the greatest risk factor in developing dementia. Chichester District has the 9th highest prevalence of dementia in the UK- 35% higher than the national average (Alzheimer's Statistics Hubl. The high prevalence of dementia in our Courity is not surprising given we already have an older age profile than m05t with 25% of the population CurntlY 65 years old and over. The need for dementia care and support in Chichester is only going to increase. The last Government announced that a new 10-year plan to ts¢kle dementia which was due to be published late in 2022, yet no specific plan for the condition has been released. In january 2023, dementia appeared in the pvblishment of the Major Conditions Strategy, along with a h05t of other conditions and although the new government made commitments in their manifesto to improve the NHS in England, we a yet to hear what plans will be put in pla to ensure people living with dementia have access to consistent, reliable services and support. The charity's 2014 feasibilty study revealed that navigating the complex journey of dementia care was extremely difficult. Interviews at local support groups highlighted the need for a collaborative service and a clear desire among those affected to keep active and remain at home. This research a150 revealed that the provision of service5 locally was fragmented. It was agreed that significant benefits could be derived from offering a dedicated, purpose-built facility that would allow all aspects of care to be provided and coordinated from a central location- which became Sage House. In addition, people expressed the wish for a "buddy" system that could help them navigate the journey. A concept which led to the creation of our Wayfinder Service. Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 From the beginning. Sage House has been built upon and embraces a culture of collaboration. We invite other services to work closely with us to join up provision locally. Our aim to provide excellent dementia support across West Sussex- including Chichester, Bognor Regis, Se15ey and the Witterings to the South, Em5WOrth up to Midhur5t in the West, Petworth, Billingshurst. Littlehampton and Rustington. in the east. Dementia Support entered into a fundraising campaign in early 2016 to renovate an old call centre in Tangmere near Chichester in West Sussex with a target of raising £1.74 million and Sage House, was officially opened by HRH The Countess of Wessex on the 8th of May 2018. Sage House is a first of rts kind dementia hub. helping those with dementia to navigate the services they need, live independently for longer an(J to make the best of each (Jay through a holistic range of services. We provide personalised, practical. and emotional support at every stage of the dementia journey. from pre4iagnosis to end of life care and support following a105S- SUPPOrt not available anywhere else. Since 2018 Sage House has offered a full range of dementia-specific services. The building has been specially designed to meet the needs of people with dementia. with colour-coded zones for the different services we ofler. Services include our Wayfinding advice service, well-being activities, Day Breaks respite care, well-being course for carer5, personal care such as assisted bathing or dementia friendly hairdresser. Smart Zone technology area for independent living and a dementia-friendlv community cafe. Most customers first interaction is through our Wayfinding service, often soon after receiving a dementia diagnosis when families need both practical advice and emotional support to make sense of the journey ahead. It also acts as a central setvice that almost all customers use and is one of the key pillars of Sage House and Dementia Support. Our services wrap around the needs of the person living with dementia and their carers to ensure they are supported in the best way possible. Each person experiences dementia differently, leaving each person needing individualised support. Our seamless. holistic care now ensures over 2.800 people a year. an increase of 70% since 2020. can make the best of each day. Connect with the services they need, cope with new challenges, minimise the chance of crises, delay the decline in the person with dementia, reduce social isolation and loneliness. The results from our academic evaluation, carried out by University of Chichester are testament to the work of the charity. demonstrating that our model is more cost effective and provides better outcomes for the people affected than the usual care provided. Achievements and performance Day Breaks This year has seen a rapid expansion of our Day Breaks service in response to the need of our customers. As our waiting list grew, we knew we could not leave people waiting for respite care. Previously we have welcomed 15 people each day but have now grown to have 26 people on three days. and 16 on two days each week in our Day Breaks. This means we offer a total of 110 places each week. Our Day Breaks is designed to be a sociable and stimulating environment- packed with meaningful activities that engage people and keep them active. We provide excellent care with a 1=3 ratio meaning we can accommodate people's needs including personal care, medication and supporting those with mobility difficulties. Day Breaks provides carers with vital respite from the responsibilities of caring for a loved one with dementia. It enables people to take a break and look after themselve5 or in some instances continue working. This enables families to keep their loved one living at home for as long as possible. 151 people attended Day Break sessions in the past 12 months. meaning over 151 carers benefitted from some respite and we have provided 4.459 days of respite care. Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Wellbeing Activities Our activity program. offered free of charge. aims to engage people living with dementia in meaningful activities designed to promote cognitive stimulation. With arh evolving programme, and new activities to keep life connected, purposeful and joyful. Over the past year we have introduced bowlin& gardening. quizzes and games. These are in addition to existing well-loved activities such as Singing for the Soul. Bingo. Painting for Fun and more. The program has been designed to provide a combination of physical activity and cognitive stimulation. The expansion of Day Breaks into the activity room. has changed the way we deliver our activities utilising the Smart Zone and Cafe to continue providing a high-quality program. Since November 2022 we have provided the service free of charge. with an optional voluntary donation from attendees to ensure accessibility to all. This aligns to our community warm space initiative ensuring people have a warm, welcoming and engaging space to use during the day. Our total attendance increased at our activities in 2024125. with 6,286 attendances. Including our Chatter Tables we provided 699 se55ions. Cognitive Stimulation Therapy ICSTI Cognitive Stimulation Therapy ICSTI is an evidence-based intervention that aims to help people living with dementia to improve their recall and thinking skills. Our CST groups have shown clear improvements in concentration, remembering people, clarity of thoughts, decision making and confidence. Each group participates in a six-week block of activities, following a set program. Using techniques such as guided reminiscence, facilitated (Jiscussions and funttional attivities we support people to be more independent and increase their confidence in daily tasks. All participants go through a Careful suitability process to ensure it is the right intervention for them and we continuously evaluate participants to measure their progress. Topics covered include sound & vision, early years, digital familiarisation, currency and money, travel and holidays and current affairs. The person living with dementia attends without a carer or loved one to help increase their confidence and independence. Supporting Carers- Empowering Carers Empowering Carers is our series of education workshops for carers that aim to provide information on a range of topics that are important for carer5 to understand when caring for a loved one with dementia. Led by our Wayfinders, we deliver these concurrently with our Cognitive Stimulation Therapy sessions enabling the carer to take part whi15t their loved one is engaged in the beneficial CST sessions. Each course run5 over 4 week5 With 4 different 2- hour sessions. Sessions cover the following topics= Advice and support for carers who are familY/friends A chance to enhance knowledge of dementia Practical tips and strategies for managing dementia An insight into what it is like for people living with dementia symptoms An opportunity for discussion about being a dementia carer Exploring different ways of getting dementia support and maintaining health and wellbeing A chance to meet the dementia support professionals and ask questions Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support groups and training As the need for Wayfinding support has grown. we have needed to find new ways to support everyone who needs our help. Through the group 5ession5 we provide people with an increased understanding of different aspect5 of dementia- dependent on their needs. We also aim to unlock the power of peer support by creating new connection5 and bringir)g people together through shared experiences and challenges. This has created ongoing friendships and support networks to be formed, which last long beyond our facilitation, meaning people have others to call on when they need it for support. Our first Grief Cafe group from 2022 continue to meet regularly to support each other. The total attendance is 340. with people joining groups including: Carers Support Empowering people living with dementia Couples, conversations- learning and living with dementia Bereavement support Wayfinding At the heart of our approach is our unique Wayfinding service that aims to change the way people with dementia, their families, and carers are sUPPOrted. Each family has a named Wayfinder providing 1=1 ongoing advice and emotional sUPPOrt. Crucially, the same WayFinder supports the family through the enti dementia journey, meaning those in need can always speak to someone who understands their story and can help guide them through all the challenges that dementia brings. We support people face to face at Sage House or in the community. on the phone. by email. or as part of our Support Groups. Vitally, the service provides emotional 5UPPOrt, alongside practical advice, ensuring people have acce55 to a listening ear who can help them cope with the emotional challenges they face. The service is provided completely free of charge at every stage of the dementia journey. Support 15 available pre-diagnosis. meaning people are helped earlier and through to end of life, with the family supported through the grieving process. There are no formal referral requirements lother than being afferted by memory lossl so people are never left without support- this was particularly important whilst the NHS paused their assessments. "It is very reossuring to know thot I now hove o reol person out there who knows whots goirtg on ond con give me odvice ond contort informotion. l om hugely groteful ond relieved. I hovefvlt quite olone with the dpmentio problem. ond I nowfvel I have support to help me" Over the past 12 months. the Wayfinding team increased to 8 members and supported 3,198 people affected by dementia. Currently they are supporting over 1,200 families. Personal Care Within Sage House we have specially designed therapy, hairdressing and bathing rooms which assist people living with dementia with daily personal care activities that often become a challenge. Supported by volunteers and specialists from local 5ervice5, we are able to offer chiropody, massage and hairdressing. Crucially, we also have an adapted bathroom with a hoisted chair for those with limited mobility. Our stsff offer assisted baths. helping families to maintain personal hygiene for their loved whilst preserving dignity for all. In the past year we have provided 855 personal care appointments, an increase on previous year Outreach- Sage Communities Our Community Outreach venues bring our dementia services to local communities across West Sussex. We aim to ach mo people and make dementia support more accessible by delivering artivities and group support sessions, with Wayfinders on hand to provide advice and emotional support. Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Each sessions include beneficial activities and a WayFinder is on hand to provide free advice, guidance and emotional support. Typically. we will have a facilitated group discussion which could be guided reminiscence. educating attendees about dementia or just di5CU55ing current affair5. We are currently exploring opportunitie5 to reach more communitie5 to provide 5UPPOrt, bring people together and enable peer support. Over the course of this year, we have been expanding our community provision. We run regular sessions in Felpham, Parklands, Southbourne, Yapton, Rustington and Wittering's. In the last 12 months. providing 225 sessions wwth a total attendance of 4.367. Daisy's Community Café Daisy's café is a integral part of the Sage House approach. It provides a warm welcome to everyone and is a focal point of our hub. Daisy's Cafe is open to all and is a community café that aims to break down the barriers and reduce the stigma of dementia. Often, it can be a way for families to bring their loved one to Sage House. for tea and cake. without "labelling" them. It provides a source of income for the Charity but supports our mission of creating 3 welcoming environment that is fully accessible to people living with dementia. In 2024125 we have been able to estsblish a regular calendar of events and entertainment within the cafe. Often offered as an afternoon tea, with entertainment kindly funded by Boxgrove Arts Society, we have had singers a Harpist, and impressionist. Every event is fully booked within days of being advertised and helps generate income, whilst providing our customers with a unique and special experience. Throughout winter 2024125, Daisy's Cafe acted as a warm space for the local community for those in need. We offered soup and a roll for £1, continued to stock "Daisy's Larder" lour small food bank) and offer a "Pay It Forward" scheme, where people can pay for a meal which can be redeemed by someone else who needs it. Dementia Supporter Programme In order to support the growth of our Dementia Supporter program, we employed an Education and Learning Coordinator who took post in May 2023. We recognise that alongside support received within Sage House and through our Wayfinding and Outreach services, there are still many areas of everyday life where people living with dementia feel uncomfortable, unwelcome or find daily task5 too challenging. This reduces independence, increases isolation and has a negative impact on their quality of life and wellbeing. As part of our vision "a society where dementia is wholly understood and accepted. enabling people living with dementia to be fully supported throughout the whole of their journey~ we wanted to help people in the wider community feel accepted and supported. We created Dementia Supporter training to address this need. If we want dementia to be wholly understood and accepted in Society, it is vital that we educate the local community and the public about dementia. Through thi5 program we aim to increase understanding, reduce stigma, and help people to make changes that will see our community be truly welcoming and accessible for people living with dementia. Each session lasts for 45 minutes and provides an overview of dementia, as well as practical learnings that will make a meaningful difference to the experience of those affected. We offer the training to local businesses, as well as statutory services. This has led to closer partnerships with Sussex Police. Fire & Rescue and many GP surgeries in our local area. We have now expanded our offer to include our Dementia Distinction programme, which aims to support professional carers working in the social care sertor to have a better understanding of how to support customers living with dementia. Centre of Excellence Sage House prides itself on the range and quality of seNices provided within the local community. Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Dementia is at the forefront of what we do, providing a person-centred approach which includes both the person living with dementia. their carers, and families. Sage House is unique in its approach, people tell their story once and know that there is someone there to support them through their journey for as long as they need it. We work closely in partnership with other charities and organisations to ensure a warm handover smooths the way for those accessing support outside of Sage House. Our role is to fill gaps locally and not duplicate where others have the expertise and for this reason many charities are co- located within Sage House. We have a high staff retention rate as we operate a Values Based Recruitment philosophy- the vast majority of our team have lived experience and share our passion to provide excellent services for those efferted by dementia. You do not need to have a diagnosis to access any of the services provided by Sage House, there is no eligibility criteria. National Ambitions Programme- Dementia Support Given the impact of Sage House on the local service provision for people living dementia, October 2021, saw the initiation of the National Ambitions Programme with the vision to identify a way in which the Sage House Model of integrated Dementia Support could be replicated elsewhere. The charity recruited programme support to aid the CEO with this undertaking. The interim results of the academic evaluation being undertaken by the University of Chichester deliVed its interim findings in January 2024. The full evaluation results. including the much-awaited comparative study, were released in May 2024. The evaluation comprised an 18-month study of the 5ervice5 delivered by Sage House to identify the efficacy of the service, the benefit to customers in terms of mental health, quality of life and also identify the tsngible savings to the health and social care economy, local economy and community impact in terms of reducing stigma and increasing knowledge of dementia. The final results of the academic evaluation were launched in the Houses of Parliament at an event in May 2024 and thev identified. The Sage House Model is more c05t effective than the "u5ual- care comparator. Across the 3-month compardtive study. people with dementia who used Sage House saved the local NHS and social Ca an average of £430.50- a saving of £1.722 per person per year. In addition.. People living with dementia who have access to Sage House experience 20% greater life satisfaction- their quality of life and wellbeing is also statistically significantly higher that the comparator group Care partners with access to Sage House demonstrate better acce55 to information and support which leads to significantly greater quality of life. 74% agreed that this also has positively impacted their mental health Replicators Work continued with supporting the West Berhire replication model throughout the year alongside onboarding two new geographical areas- Guildford and West Midlands. Following advice an application was made to the Charity Commission to set up a new charity, with an independent Governance and Reporting Structure. Charity number 1211304 was formed in December 2024 with a view to separating the work of Sage House and Dementia Support as independent from one another. The separation of the charities was completed on I. April 2025. Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Fundraising Activities In March 2023 the Board of Trustees approved a refshed three-year fundraising strategy with a focus on generating sustainable income sources for the Charity. Fundraising makes up 80% of our annual income and we receive less than 2% of our funds from statutory sources to run Sage House. As a young charity. we cannot rely on historical legacies or large investments. We continue to grow our fundraising across all streams including grants from charitable trusts, individual donations and regular giving. local businesse5. and community fundraising initiatives. Highlights in the past financial year have included our Charity Partnership with Goodwood Estate, in-aid of events including a Clay Shoot and Winter Ball, and the launch of our first Sportive cycling event. Grants and donation5 from charitable trusts continue to be an imwrtant source of funding for the charity. Whilst the external environment has become increasingly challenging, we main InCdiblY grateful for the partnerships we have developed with our charitable trLJSt funders, many of whom are named below- thank you. We also wish to thank our supporters who wish to remain anonymous. ge Sentinel Trust rnold Clark Community Fund rthur Williams Charitiable Trust B & Q Foundation Ba55iI Shippam and Alsford Trust Bernadette Charitable Trust Boltini Trust Bothwell Charitable Trust hapman Charitable Trust MS Foundation o-op Local Community Fund Dyer5 Company Edgar E Lawley Foundation EF and MG Hall Charitable Trust Eleanor Grace Foundation Elise Pilkington Charitable Trust Ernest Kleinwort Charitable Trust F Glenister Woodger Trust February Foundation Francis Winham Foundation Friarsgate Trust Friends of Midhurst Community Hospital and Riverban Medical Centre allus Trust arfield Weston Foundation erald Micklem Charitsble Trust Homity Trust lan Askew Charitable Trust ectus Charitable Foundation Kathleen And Sidney Linkins Memorial Trust Lord Barnby's Foundation Lord Faringdon Charitable Trust Marsh Charitable Trust Masonic Charitable Foundation McLay Dementia Trust Michael & Anna Wix Charitable Trust North Mundham Parish Council ptiGene Foundation Pagham Pram Race Patricia Routledge Foundation Peacock Charitable Trust Rest-Harrow Trust RuStingn Parish Council elsey Town Council ir Jules Thorn Charitable Trust kipton Building Society Charitsble Foundation outer Charitable Trust outhbourne Parish Council t lame5'5 Place Charitable Foundation tagecoach Giving for Good Community Fund tella Symons Charitable Trust ussex Community Foundation ussex Ma50nic Charities hree Oaks Trust LM Foundation ulcan Settlement arburtons Community Fund est Sussex Travel Society illiam Allen Young Charitsble Trust Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trustees, Staffing & Volunteers Sage House Tangmere started the year with a staff team of 46 128 Part time. 18 fulltimel as of 31° March 2025 this has remained the same with the addition of 3 bank member5 of Staff. The charity's operational affairs continue to be managed by Chief Executive. Sally Tabbner and Chief Operating Officer Emma Radley. Our volunteers are very important to the work that we do, and our volunteer base has grown in the last financial year and we now have 118 volunteers providing support to the Charity. Volunteers carry out a wide variety of roles within the charity including administration, leading or supporting artivities, serving in Daisy's Cafe and fundraising. During 2024 our volunteers supported our afternoon events in Daisy's café. Outreach sessions and fundraising events such as the Arundel festival and at village fair5. Volunteers are essential to the operation of Sage House, and we could not provide the services we do, nor fundraise what we need to continue. without them. The Trustees would like to formally record their sincere thanks and appreciation for the vast contribution that our volunteer5 make. Financial review Principal funding sources The charity relies heavily on donations for it's income, of which in the year 85% were unrestricted voluntary donations and 15Yo were restricted grants from trusts and foundations. In 2024125 donations from Corporate and Community activities was above budget, reflecting the strong business and community ties in our area of operation. The balance of the income is raised from our charitable activities and trading. Maintaining our affordability and open access to our services is critical to our mission. Our cafe support5 our ethos by providing hearty meals to our daybreaks Customers as well as a warm and vibrant environment for the wider community of volunteers, neighbours and carers. All areas of income showed an improvement over the prior year. reflecting the target expenditure we knew we needed to 5UPPOrt demand for our services and effective delivery of those services. Expenditure Expenditure was largely within budget constraints. although our direct costs suffered from inflationary impacts around food costs and event Costs. Our administration cost base is mostly fixed and 83% of our c05t base relates to staff c05ts- critical to maintaining the level of service and our 3=1 customer to staff ratio. Investment policy and objectives The trustees have considered the most appropriate policy for investing surplus funds. is by depositing some of its serveS into two investment accounts. The trustees have considered the future funding needs and commitments of the charity and deem it prudent to aim to hold general unrestrirted reserves equivalent to 6 months overheads at any time. Fund artivity At the end of the year the charity had closing funds of £940,071 12024=£1,082,6841 of which £884,504 12024= £1,050,048) were unrestricted general funds and £55,56712024: £32,636) were restricted towards the staffing of the Dementia Hub. Reserve5 polioi The trustees have considered the future funding needs and commitments of the charity and deem it prudent to hold general unrestricted reserves equivalent to 6 months overheads at any time. Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Major risks The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Future Plans Sage House The charity continues to be focused on the development of Sage House as a centre of excellent, providing exceptional services both within the main hub and the local community. Future plans for 2025126 include- Further growth of our Day Breaks service, to include a shorter breaks setvice to run alongside Day Breaks offering 2 hour flexible bookable sessions for respite support. Continue to innovate in our activity programme - providing both regular and one-off artivities that engage and stimulate our customers. Develop our'Talk to a Wayfinder, signposting and information platform enabling greater access to trusted dementia advise. Expand the number of people reached with energy advice through our partnership with SGN. Launch our Wayfinding Bus to 5UPPOrt those living in hard-t0-ach rural communities and to support our Outreach services with Wayfinding and energy advice. Increase the number of Outreach venues by two. launching a new weekly session in the Aldwick and fortnightly session in Emsworth. Future Plans- National Ambitions & Dementia Support The replication of the Sage House Model now sits with Charity number 1211304 and separate filing arrangements and reporting are in place. Structurei governance and management The charity is a limited company, limited by guarantee. as defined by the Companies Act 2006. It is controlled and governed bv its Memorandum and Articles of Association. The charity was incorporated on 16 May 2014 and giStered as a charity on 23 September 2014. In the event of the companv being wound up. members are required to contribute an amount not exceeding £1. Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the dirertors for the purpose of company law. and who served during the year and up to the date of signature of the financial statements were= Mrs C T Bogoje Mr RA Broadribb Mrs M K Matthews Ms P Nesbit Dr A Childs MrsT M Ymccall Mr C Thornhill Mr5C M Cannon Ms M Litchfield MrA H Faure M5 D L Day Lafferty IAppointed 22 August 20241 No trustee had any beneficial interest in the company. Recruitment and appointment of trustees The directors of the charity are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association, a thir(J of all dittOr$ must retire from office each year. They may be re-elected, and the directors may also appoint new directors pursuant to the provisions of the Articles of Association. The work of the charity is almost entirely devoted to those effected by dementia. As a result, the board of trustees seek to ensure that representatives from this group and from those who assist them, are members of the board. In addition, everv effort is made to include a wide skill set including those with business and general medical and social care skills on the board. Organisational strurture The charity's Memorandum and Articles of Association stipulate that there should be no less than three trustee directors but does not restrict to a maximum. The day to day running of the charttable company is overseen by the Chief Executive Officer who reports to the board of trustees. Induction and training of trustees Any individual wishing to be a trustee director must complete and sign a declaration of their willingne55 to be appointed, must be over the age of 18 years, an(J not be disqualtfied from being a director or trustee. Potential trustee directors are invited to attend a regular board meeting and are welcome to ask questions about any aspect of the charity's work. They are invited to make a short presentation on the skills they would bring to the Board and how they would contribute to its deliberations and decision making. They are also provided with copies of the Charity's published literature and a copy of the Memorandum and Articles of Association. 10- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Risk management The Board of Trustee5 are responsible for overseeing the charity's risk management activities, but these are identified, reviewed and monitod by our committees. The Board manages the process through a Strategic Risk Register which is updated on an ongoing basis by the CEO and COO and reviewed at each Committee and Board of Trustee meeting. Strategic Risks are identified by commtttees to vIeW mitigations and consider new risks which include those of external influence. These are the high-level risks that could prevent Dementia Support from meeting its overall objectives. Each risk is described, giving the scenario under which. it may occur and assessed in terms of the impact it would have on the organisation and the likelihood of it occurring, given the current controls and mitigation plans in place. Actions required to further mitigate the risk a identrfie(J. All risks and actions are assigned to a committee. The 'risk appetite, of the charity is described by the rating attributed risks with an Impact-Likelihood score above the thShOld a priority risks and require immediate attion and close monitoring at both committee and Board of Trustee level. Risks sitting below the thShOld are of lower priority but continue to be monitored and assessed throughout the year by the committee. Review of public benefrt In setting out our objectives and planning our activities. the trustees have given careful consideration to the Charity Commission's general guidance on public benefit and in particular to its supplementsry public benefit guidance on fee charging. Auditor The auditors, Robert Sadler and Company Ltd. will be proposed for -appointment at the forthcoming Annual General Meeting. The trustees, report was approved by the Board of Trustees. Ms P Nesbit Chair of Trustees Date.. 1711212025 11 Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE STATEMENT OF TRusfEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the directors of Sage House Tangmere for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 Iunited Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial Statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources an(J application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the tnjstees are quired to= select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charitie5 SORP- make judgements and estimates that are 3$Onable and prudent- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensu that the financial ststements comply with the Companies Act 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. In so far as the trustees are aware: there is no relevant audit information of which the charitable company's auditor5 are unaware- and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 12- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SAGE HOUSE TANGMERE Opinion We have audited the financial statements of Sage House Tangmere for the year ended 31 March 2025 which comprise the Statement of financial activitie5. the balance sheet. the Statement of cash flows and notes to the financial statements. including significant accounting polities. The financial porting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Fffjnonciol Reporting Stondord applicable in the UKcnd Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practicel. In our opinion, the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of re50ur£es. for the year then ended- have been properly ppared in accor(Jance with 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 audit in accordance with International Standards on Auditing IUKI (ISA5 IUKII and applicable law. Our responsibilitie5 under those standard5 are further described in the Auditor s responsibilitie5 for the oudit of the financial stotements section of our report. We are independent of the charity in accordance with the ethical quirements that a 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 obtsined is sufficient and appropriate to provide a basis for our opirhion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the tru5tees' use of the going concern basi5 of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees wwth respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual pOrt other than the financial statements and our auditor's 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 we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing $0, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of 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 this give5 rise to a material misstatement in the financial Statements themselve5. If, based on the work we have performed, we conclude that the is a material misststement of this other information, we a required to report that fact. We have nothing to port in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if. in our opinion= the information given in the financial statements is inconslstent in any material respect with the trustees, report- or sufficient accounting records have not been kept: or the financial statements are not in agreement with the accounting records. or we have not received all the information and explanations we qUIre for our audit. 13- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF SAGE HOUSE TANGMERE Responsibilities of twstees As explained more fully in the statement of trustees. responsibilities, the trustees, who are also the dirertors of the charity for the purpose 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 (letermine 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 unle55 the trustee5 either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under settion 144 of the Charities Att 2011 and report in accordance with the Act and relevant regulations made or having effert thereunder. 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 opinior). Reasonable assurance is a high level of assurance but 15 not 3 guarantee that an audit condurted in accordance with IS IUKI will alway5 detect a material misstatement when it exists. Misstatements can arise from fraud or error and a 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. A further description of otjr responsibilities is available on the Financial Reporting Council's website at.. https.'l/ www.frc.org.uklauditorsrespon5ibilitie5. This description forms part of our auditor's report. Use of our report Thi5 report Is made solely to the charity'5 trustees. a5 a body. in accordance with Part 4 of the Charitie5 (Account5 and Reportsl Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees 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 trustees as a body, for our audit work, for this report, or for the opinion5 we have formed. Robert Ali5tair Sadler FCA {Senior Statutory Auditor) for and on behalf of Robert Sadler & Company Limited 1711212025 Chartered Accountants ststutory Auditor 30b Southgate Chichester West Sussex P019 IDP Robert Sadler & Company Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 14- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrirted funds 2025 Restrirted funds 2025 Totsl Vnrestrirted funds 2024 Restrirted funds 2024 Total 2025 2024 Notes Income from: Donations and legacies Charitable activities Other trading activities Investments 977.362 251,157 108,959 12.931 175.105 1,152.467 251,157 108,959 12.931 920.202 229,556 82,878 11.415 95,626 1,015,828 229,556 82,878 11,415 Total income 1,350,409 175,105 1,525,514 1,244,051 95,626 1,339,677 Expenditure on: Raising funds Charitable activities 308,472 1.207.481 308,472 1.359.655 282,223 1.117.397 282,223 1,215,381 152.174 97.984 Total expenditure 1,515,953 152,174 1,668,127 1,399,620 97,984 1,497,604 Net incomellexpenditure) 1165.544 22,931 1142,6131 1155.5691 12,3581 1157,9271 Transfers between funds 19331 933 Net movement in funds io 1165,5441 22,931 1142,6131 1156,5021 11,4251 1157,9271 Reconciliation of fvnds: Fund balances at l April 2024 1,050,048 32,636 1,082,684 1,206,550 34,061 1,240,611 Fund balances at 31 March 2025 884,504 55,567 940,071 1,050,048 32,636 1,082,684 The statement of financial activities includes all gains and losses COgnised in the year. All income and expenditure derive from continuing activities. 15- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE BALANCE SHE AS AT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 14 596,265 627,057 Current assets Debtors Cash at bank and in hand 15 135.210 372.053 205,690 429,983 507.263 1163,4571 635,673 1180,0461 Creditors: amounts falling due within one year 16 Net current assets 343,806 455,627 Total assets less current liabilities 940,071 1,082,684 The funds of the charity Restricted income funds Unrestricted funds 19 20 55,567 884.504 32,636 1,050,048 940,071 1,082,684 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Art 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilitie5 for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statement5 under the requirements of the Companies Act 2(x)6, for the year in question in accordance with sertion 476. These financial Statements have been prepared in accordarhce wtth the provision5 applicable to companies subject to the Small companies regime. The financial statements We approve(J by the trustees on . 1711212025 Ms P Nesbit Chair of Trustees Company registration number 09044373 IEngland and Wales) 16- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash absorbed by operations 26 150,1371 1232,5541 Investing activities Purchase of tangible fixed assets Investment income received 120.7241 12,931 119,8511 11,415 Net cash used in investing activities 17,7931 18,4361 Net cash generated from financing arti¥ities Net decrease in cash and cash equivalents 157,9301 1240,9901 Cash and cash equivalents at beginning of year 429,983 670,973 Cash and Cash equivalents at end of year 372.053 429,983 17- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE NOTES TO THE FINANCIAL SfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Sage House T3ngrne is a private company limited by guarantee incorporated in England and Wales. The registered office is Sage House, City Fields Way, Tangmere, West Sussex. P020 2FP, England. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's Articles of Association. the Companies Act 2006 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191" The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterlin& which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepad under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial ststemerts. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objertives. Designated funds are unrestricted. but deemed to have a specific purpose by the trustee5 and therefore kept 5eperate from the general unrestricted funds. The charity identifies it's capital reserve as being as being funds held by the charity which were acquired from unrestrirted donations and that are invested in fixed assets Ithat is improvements to property, fixtures and fittings and computer equipment) and are thus not funds that are available to meet the general running costs of the charity. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and Uses of the restricted funds are Set out in the notes to the financial statement5. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income 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 it 15 probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is cOgnised at the time of the donation. Donations in kind are accounted for at a reasonable estimate of their value to the charity or the artual amount actually reali5ed. Donations in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Donations in kin(J for use by the charity are included in the Ststement of Financial Activities as incoming resources when receivable. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 18- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE NOTES TO THE FINANCIAL SfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Investment income is recognised when re•vable. 1.5 Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Expenditure on charitable activities includes all expenditure directly relating to the objects of the charity. Expenditure on the raising of funds represents expenditure incurred in generating income to finance the charity's activities and governance. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation 15 recogni5ed 50 a5 to wrwte off the cost or valuation of assets le55 their residual values over their useful lives on the following bases-. Leasehold improvements Fixtures and fittings Computers In line with the lease term (see belowl 5 years straight line 3 year5 Straight line The gain or1055 arising on the disposal of an asset 15 determined as the difference between the Sale proceed5 and the carrying value of the asset, and is COgnISed in the ststement of financial activities. All computer software purchased by the charitable company is treated as venue expenditure in the period in which it is incurred given that it is deemed to have no redeemable future value. The improvements to the property lease(J by the charitable company are depreciated in line with the remaining lease term. The lease for Sage House started in June 2016 and has a term of 25 years. The lease for the additional parking at Sage House commenced from 8th December 2022 and has a term that runs concurrer)tly with that of Sage House. It is the charitable company's policy to capitalise assets with initial costs in excess of £250 only. 1.7 Impairment of fixed assets At each reporting end date, the chartty revrews the carrying amounts of Its tangible a55ets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 19- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE NOTES TO THE FINANCIAL SfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.9 Financial instruments The charity has elected to apply the provisions of Settion 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recogni5ed in the charity'5 balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, 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 intention to settle on a net basis or to 311$e the asset and settle the liability simultaneously. Basicfinancial assets Basic financial assets. which include debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unle55 the arrangement constitutes a financing transartion, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Bosicfinoncial liabilities Basic financial liabilitie5, including creditors and bank loans are initially recognised at transaction price unle55 the arrangement constitutes a financing transartion. Whe the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligation5 to pay for goods or 5ervice5 that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as CUrnt liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequentlv measured at amortised cost using the effective interest method. Derecognition oflinancial liabilities Financial liabilities are derecognised when the charrt5 contractual obligations expire or are discharged or cancelled. 1.10 Taxation The charity is exempt from corporation tax on its charitable activities. 1.11 Employee benefits The cost of any unused holiday entitlement is cOgnised in the period in which the employee's services are Ceived. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.12 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. -20- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE NOTES TO THE FINANCIAL SfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and judgements In the application of the charity'5 accounting policie5, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not adIlY apparent from other sources. The estimates and associated assumptions are based on historical experience and other fartors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates a recognised in the period in which the estimate is revised where the revision afferts only that period, or in the period of the revision and future periods where the revision affects l)oth current and future periods. Income from donations and legacies Vnrestrirted funds 2025 Restricted funds 2025 Totsl Vnrestrirted funds 2024 Restricted funds 2024 Total 2025 2024 Donations and gifts Legacies 976,362 1.000 175,105 1,151,467 1.000 918,202 2.000 95,626 1,013,828 2,000 977,362 175,105 1,152,467 920,202 95,626 1,015,828 Income from charitable activities Unrestricted funds 2025 Unrestricted funds 2024 Charitable activitie5 Provision of services 251,157 229,556 Income from other trading artivities Unrestricted funds 2025 Unrestricted funds 2024 Trading income 108.959 82,878 21 Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE NOTES TO THE FINANCIAL SfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from investments Unrestricted funds 2025 Unrestricted funds 2024 Rental income Interest receivable 1,875 11,056 3,750 7,665 12,931 11,415 Expenditure on raising funds Unrestricted funds 2025 Unrestricted funds 2024 Fundraising and publicity Advertising Other fundraising costs stsff costs 6,037 30,710 186,243 8,607 32,310 160,236 222,990 201,153 Trading costs Trading operational costs Staff costs 25,022 60,460 31,651 49,419 85,482 81,070 Totsl costs 308,472 282,223 -22- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE NOTES TO THE FINANCIAL SfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitsble artivities Charitable artNities 2025 Charitable activities 2024 Dirert costs Staff costs Activites. workshops and materials 566,506 21.463 624,323 23,810 587,969 648,133 sha of support and governance costs (see note 91 Support Governance 767,247 4,439 563,915 3,333 1,359,655 1,215,381 Analysis by fund Unrestricted funds Restricted funds 1,207,481 152,174 1,117,397 97,984 1,359,655 1,215,381 Support costs allocated io activities 2025 2024 Staff costs 450.611 51,516 111,554 23.143 13,697 42,976 11.420 37.319 7,030 7.602 10.379 4,439 266,508 51,511 110,216 22,625 12,961 39,075 7,129 34,981 5,170 4,440 9,299 3,333 Depreciation Operating lease charges Insurance Office costs Advertising Repairs and maintenance Travel and subsistence Subscriptions Bank charges Governance costs 771,686 567,248 Analy5ed between: Charitsble activities 771,686 567,248 -23- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE NOTES TO THE FINANCIAL SfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 io Net movement in funds 2025 2024 The net movement in funds 15 Stated after chargingllcredwtingl. Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets Operating lease charges 3.225 51,516 111,554 3,333 51,511 110,216 li Trustees None of the trustees lor any persons connected with them) ceiVed any remuneration or benefits from the charity during the year. 12 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Care, activities and outreach Finance and administration Fundraising Catering Wayfinding 15 14 Totsl 45 41 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 1,122,527 91,774 22,086 999,652 80,476 19,821 1,236,387 1,099,949 The number of employees whose annual remuneration was more than £60.000 is as follows.. 2025 2024 Number Number £60,000 to £70.000 £70,000 to £80,000 -24- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE NOTES TO THE FINANCIAL SfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Taxation The charity is exempt from tsxation on its activities because all its income is applied for charitable purposes. 14 Tangible fixed assets iea5ehold irnprovernents Firture5 ond frttin85 Computer5 Total Cost At l April 2024 Additions 871,400 86,678 10,141 63,842 10,583 1,021,920 20,724 At 31 March 2025 871,400 96,819 74,425 1,042,644 Depreciation and impairnient At l April 2024 Depreciation charged in the year 267,514 35,136 71,263 9,182 56,086 7,198 394,863 51,516 At 31 March 2025 302,650 80,445 63,284 446,379 Carrying amount At 31 March 2025 568,750 16,374 11,141 596,265 At 31 March 2024 603,886 15,415 7,756 627,057 15 Debtors 2025 2024 Amounts falling due within one year. Trade debtors Other debtor5 Prepayments and accrued income 47,871 41,829 45,510 45.066 109,349 51,275 135,210 205,690 16 Creditors: amounts falling due within one year 2025 2024 Notes Other taxation and social security Deferred income Trade creditors Other creditors Accruals 21,080 69,935 45,801 7.544 19,097 20,452 117.458 19,338 6,858 15,940 17 163,457 180,046 -25- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE NOTES TO THE FINANCIAL SfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Deferd income 2025 2024 Other deferred income 69,935 117,458 Deferred income is included in the financial statements as follows= 2025 2024 Deferred income is included within.. Current liabilities 69.935 117,458 Movements in the year.. Deferred income at l April 2024 Released from previous periods Resources deferred in the year 117.458 1123,1831 75,660 157,968 1157,9681 117,458 Deferred income at 31 March 2025 69.935 117,458 18 Retirement benefit schemes 2025 2024 Defined contribution schemes Charge to profit or1055 in respect of defined contribution schemes 22,086 19,821 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. -26- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE NOTES TO THE FINANCIAL SfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Restricted funds The restritted funds 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 l April 2024 Incoming resources Resources expended Transfers At 31 March 2025 The Friarsgate Trust Masonic Charitable Foundation University of Oxford The Gerald Micklam Charitable Trust 8,333 3,803 10.000 23.275 17.543 19,1661 127.0781 117,5431 9,167 11,250 30,000 27.771 122.0831 127,7711 19,167 Carer's Trust East Midlands IWSCCI Community Hospital and Riverbank Medical Centre Amounts received under £10,000 10,000 56.516 iio,0001 138,5331 9,250 27,233 32,636 175,105 {152,1741 55,567 Previous year: At l April 2023 Incorning resources Resources expended TransFers At 31 March 2024 The Friarsgate Trust Masonic Charitsble Foundation The Gerald Micklam Charitable Trust 10.000 22.819 11.6671 119,0161 8,333 3,803 15.000 112.7501 15,9291 14,6821 153.9401 11,250 Francis Winham Foundation Crawley Borough Council Amounts received under £lO.000 5,929 4,682 14.450 47.807 933 9.250 34,061 95,626 197,9841 933 32,636 -27- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE NOTES TO THE FINANCIAL SfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Unrestricted funds The unrestritted funds of the charity comprise the unexpende(I balances of (lonations and grants which are not subjert to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At l April 2024 In¢omin8 resources Resources expended Transfers At 31 March 2025 Capital reserve General fund5 627,057 422.991 20,724 1.329.685 151.5161 11,464,437) 596,265 288,239 1,050.048 1.350.409 11.515.9531 884.504 Previous year: At l April 2023 Incorning resources Resources expended Transfers At 31 March 2024 Capital reserve General funds 658,716 547.834 19,852 1,224.199 151.5111 11,348,109) 627,057 422,991 19331 1,206,550 1,244.051 11,399,6201 19331 1,050,048 Capital reserve These are funds held by the charity which were aCqUid from unrestrirted donations and that are invested in fixed assets Ithat is improvements to property, fixtures and fittings and computer equipment) and are thus not funds that are available to meet the general running costs of the charity. 21 Analysis of net assets between funds Unrestricted funds Restrirted funds Totsl 2025 2025 2025 At 31 March 2025: Tangible assets Current assets/lliabilitiesl 592,617 291.887 3,648 51,919 596,265 343.806 884,504 55,567 940,071 -28- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE NOTES TO THE FINANCIAL SfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Analysis of net assets between funds (Continued) Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assets/lliabilities1 627.057 422,991 627,057 455,627 32.636 1.050.048 32.636 1.082,684 22 Operating lease commitments The charity leases its premises and the associated parking under separate leases that both end on 31st May 2041, the leases have break clauses that may be exercised (subject to conditions and appropriate notice being given) on 31st Mav 2026 and 315t May 2031. The remaining lease term a5 at 31st March 2025 15 16 year5 and two months. At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases. which fall due as follows= 2025 2024 Land and buildings Within one year Between two and five years In over five years 111,554 446.217 1,245,689 111,554 446.217 1,357,243 1.803.460 1,915,014 2025 2024 Vehicle leasing costs Within one year Between two and five years 3.639 606 4.245 23 Related party transactions There were no disc105able related party transartion5 during the year12024- none). 24 Ultimate controlling party The charitable company is under the control of its members. No one member has sufficient voting rights to control the charitable company. -29- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373
SAGE HOUSE TANGMERE NOTES TO THE FINANCIAL SfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 25 Legal status The charity is incorporated as a company limited by guarantee having no share capitsl and, in accordance with the Memorandum of Association every member is liable to contribute £1 in the event of the company being wound up. 26 Cash absorbed by operations 2025 2024 Deficit for the year 1142,6131 1157,9271 Adjustments for= Investment income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets 112,9311 51,516 111,4151 51,511 Movements in working capital: Decreasellincreasel in debtors Increase in creditors (Decrease) in deferred income 70.480 30,934 147,5231 1102,6711 28,458 140,5101 Cash absorbed by operations 150.1371 1232,5541 27 Analysis of changes in net funds The charity had no debt during the year. -30- Doc ID.. 36a867222b87a5eaaefc5daogf2a38ddbSccf373