2023-03-31-accounts - Royal Cambridge Home Limited

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Reference and Administrative	Reference and Administrative	Page
Trustees' Report		2-5
Trustees' Responsibilities	Statement
Independent Auditor's Report on the Financial Statements		7-10
Statement ofFinancial Activities
Balance Sheet
		12-13
Statement ofCash Flows
		14
Notes to the Financial Statements
		15-31

Trustees			Mr R H Dowler MBE	Mr R H Dowler MBE
			Major JTTatham
			Col. N E L Gilbert
			Mr A D Bott FCCA
			Mr J M LWilliams	MA
			Ms K Rajan (appointed		11July 2022)
			Mr John Ross (appointed			1 April 2023)
Company	registered
number			06768177
Charity registered
number			1179990
Registered		office	Albany House
			Claremont Lane
			Esher
			Surrey
			KT109FQ
Company	secretary		Mr A D Bott FCCA
Independent		auditor	Wellden Turnbull	Limited
			Statutory Auditors
			Albany House
			Claremont Lane
			Esher
			Surrey
			KT109FQ
Bankers			National Westminster		Bank PLC
			73 High Street
			Walton on Thames
			Surrey
			KT12 1DW
Solicitors			Moore Blatch
			Onslow House
			9The Green
			Richmond
			Surrey
			TW9 1PU

				FOR THE YE	AR ENDED 31	MARCH 2023
				Capital	Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds	funds
				2023	2023	2023	2023	2022
			Note	E	E	E		F
Income and
endowments	from:
Donations					6,647	19,278	25,925	64,610
Charitable activities						1,216,253	1,216,253	1,140,816
Investments						1,183	1,183	1,497
Other income						100	100	2,090
Total income endowments	and				6,647	1,236,814	1,243,461	1,209,013
Expenditure on:
Raising funds				298			298	377
Charitable activities					3,312	1,359,191	1,362,504	1,227,787
Total expenditure				298	3,312	1,359,191	1,362,801	1,228,164
Net (expenditure)
/income before net
gains on investments				(298)	3,335	(122,377)	(119,340)	(19,151)
Net (losses)/gains investments		on		(1,465)			(1,465)	2,665
Net movement	in
funds				(1,763)	3,335	(122,377)	(120,805)	(16,486)
Reconciliation	of
funds:
Total funds brought forward				52,086	8,127	468,836	529,049	545,535
Net movement	in funds			(1,763)	3,335	(122,377)	(120,805)	(16,486)
Total funds carried forward				50,323	11,462	346,459	408,244	529,049

							2023		2022
					Note		E		6
Fixed assets
Tangible assets					13		441,003		280,338
Investments					14		50,323		52,086
							491,326		332,424
Current assets
Stocks					15	2,669		2,881
Debtors					16	154,224		89,566
Cash at bank	and	in hand				105,713		194,331
						262,606		286,778
Creditors: amounts year		falling		due within one	17	(345,688)		(90,153)
Net current	liabilities		Iassets				(83,082)		196,625
Total assets	less	current		liabilities			408,244		529,049
Total net assets							408,244		529,049
Charity funds
Endowment funds					19		50,323		52,086
Restricted funds					19		11,462		8,127
Unrestricted	funds				19		346,459		468,836
Total funds							408,244		529,049

					2023	2022
					5	5
Cash flows from operating		activities
Net cash used in operating	activities				120,342	208,907
Cash flows from investing		activities
Dividends, interests and rents from investments					1,183	1,496
Purchase oftangible fixed assets					(209,845)	(39,100)
Porffolio management fees					(298)	(377)
Net cash used in investing		activities			(208,960)	(37,981)
Cash flows from financing		activities
Repayments of borrowing						(190,000)
Net cash provided by/(used		in) financing		activities		(190,000)
Change in cash and cash	equivalents		in	the year	(88,618)	(19,074)
Cash and cash equivalents	at the beginning			ofthe year	194,331	213,405
Cash and cash equivalents		at the end of		the year	105,713	194,331
The notes on pages 15to 31		form part ofthese financial statements.

Unrestricted	Total	Total
funds	funds	funds
2023	2023	2022
6		6
1,216,253	1,216,253	1,140,816
1,140,816	1,140,816

Unrestricted	Total	Total
funds	funds	funds
2023	2023	2022
	E	K
1,183	1,183	1,497
1,497	1,497

Unrestricted	Total	Total
funds	funds	funds
2023 F	2023 K	2022f
100	100	2,090
2,090	2,090

		Capital	Total	Total
		funds	funds	funds
		2023	2023	2022
		6
Portfolio management	costs	298	298	377
2022		377	377

			Activities
			undertaken		Total	Total
			directly	Support costs	funds	funds
			2023	2023	2023	2022
				K		E
Care	home	activities	1,125,472	237,031	1,362,503	1,227,787
Total	2022		997,927	229,860	1,227,787

		Total	Total
	Activities	funds	funds
	2023	2023	2022
	K		E
Staff costs	596,304	596,304	606,096
Depreciation	49,180	49,180	35,141
Bad debts	4,456	4,456
Agency staff	29,209	29,209	8,261
Messing	88,258	88,258	68,428
Water rates	9,590	9,590	6,036
Repairs &garden maintenance	147,200	147,200	119,194
Light &heat	91,910	91,910	56,995
Insurance	28,008	28,008	21,045
Cleaning &waste removal	26,463	26,463	31,391
Advertising	(78)	(78)	2,595
Hire of equipment	10,282	10,282	9,328
Staff recruitment	3,121	3,121	5,212
Staff training	7,039	7,039	5,378
Care of residents	25,496	25,496	19,158
Residents' entertaining	9,034	9,034	3,669
	1,125,472	1,125,472	997,927
Tt2022	997,927	997,927

				Total	Total
			Activities	funds	funds
			2023 E	2023 E	2022f
Staff costs			169,423	169,423	175,058
Motor &travel			1,361	1,361	1,089
Staff entertainment			5,790	5,790	3,110
Printing, postage &stationery			5,405	5,405	4,172
Telephone			4,317	4,317	2,226
General expenses			8,518	8,518	7,928
Bank charges			1,055	1,055	1,043
Legal &professional fees			16,255	16,255	14,696
Computer and website expenses			12,115	12,115	9,252
Governance costs			12,792	12,792	11,286
			237,031	237,031	229,860
Total 2022			229,860	229,860
Auditor's remuneration
				2023	2022
				E	F
Fees payable to the Company's annual account	auditor		for the audit ofthe Company's	7,752	6,036
Fees payable to the Company's	auditor		in respect of:
All non-audit services not included		above		5,040	5,250

Wages and salaries	Wages and salaries					2023f	2022 6
Social security costs						712,487	714,919
Contribution	to defined	contribution	pension	schemes		39,281 13,959	52,119 14,116
						765,727	781,154
The average number of		persons employed		by the Company	during the	year was as follows:
						2023	2022
Residential	care					No.	No.
Management	and administration					34	34
						5	5
						39	39

	Plant and	Motor	Fixtures	Computer	Other fixed
	machinery f	vehicles 6	and fittings 5	equipment E	assets 6	Total K
At 1 April 2022	18,005	31,772	309,663	36,381	138,048	533,869
Additions			4,952	1,413	203,480	209,845
At 31 March 2023	18,005	31,772	314,615	37,794	341,528	743,714
Depreciation
At 1 April 2022	18,005	31,772	186,805	16,949		253,531
Charge for the year			38,061	11,119		49,180
At 31 March 2023	18,005	31,772	224,866	28,068		302,711
Net book value
At 31 March 2023			89,749	9,726	341,528	441,003
At 31 March 2022			122,858	19,432	138,048	280,338

Investments
				2023	2022
				E	5
Market value brought		forward		52,086	49,796
Acquisitions at cost				8,298	29,112
Sales proceeds from		disposals		(2,668)	(15,190)
Broker's management		fees		(298)	(377)
Increase/(decrease)		in cash deposits		(4,060)	(5,000)
Increase/(decrease	)in market value		in the year	(3,035)	(6,255)
Market value carried forward				50,323	52,086

				FO	R THE YEAR ENDED 31 MARCH	2023
						2023	2022
						6	6
	Market value	ofinvestments			by class:
	UK Fixed Interest Bonds					5,260	9,895
	UK Equities					10,922	11,099
	Non UK Equities					26,731	18,818
	Alternative Assets					4,439	5,243
	Cash deposits					2,971	7,031
						50,323	52,086
15.	Stocks
						2023	2022
						E	6
	Stock offood	and cleaning		materials		2,669	2,881
16.	Debtors
						2023	2022
							6
	Due within one year
	Trade debtors					81,603	8,780
	Amounts owed by group undertakings					37,671	37,671
	Other debtors					400	59
	Prepayments	and accrued		income		34,550	43,056
						154,224	89,566
17.	Creditors: Amounts		falling due within one year
						2023 6	2022f
	Payments received on account						28,395
	Trade creditors					216,610	23,037
	Other taxation	and social		security		12,221	14,344
	Pension fund	loan payable				1,787	2,777
	Other creditors					1,322	2,153
	Accruals and	deferred	income			113,748	19,447
						345,688	90,153

										2023	2022
										F
Financial	assets
Financial	assets	measured	at	fair	value	through	income	and	expenditure	105,713	194,331

Current ye	ar
		Balance at 1			Gains/	Balance at 31
		April 2022 F	Income	Expenditure f	(Losses)	March 2023 6
Unrestricted	funds
General Funds		468,836	1,236,814	(1,359,191)		346,459
Endowment	funds
Endowment	Funds - all funds	52,086		(298)	(1,465)	50,323
Restricted	funds
Queen Mary's Fund		4,815	6,647			11,462
Special Projects Fund		3,312		(3,312)
		8,127	6,647	(3,312)		11,462
Total offunds		529,049	1,243,461	(1,362,801)	(1,465)	408,244

		Balance at				Balance at
Unrestricted	funds	1 April 2021 8	Income E	Expenditure E	Gams/ (Losses)	31 March 2022 L'
General Funds		483,727	1,208,268	(1,223,159)		468,836
		Balance at				Balance at
Capital funds funds		1 April 2021	Income E	Expenditure 8	Gains/ (Losses) 8	31 March 2022
Investment Fund		49,798		(377)	2,665	52,086
		Balance at				Balance at
Restricted funds		1 April 2021 E	Income E	Expenditure 6	Gains/ (Losses) 6	31 March 2022 6
Queen Mary's Fund Special Projects Fund		4,070 7,940	745	(4,628)		4,815 3,312
		12,010	745	(4,628)		8,127
Total offunds		545,535	1,209,013	(1,228,164)	2,665	529,049

	Balance at 1
General funds Endowment funds Restricted funds	April 2022 468,836 52,086 8,127	income 1,236,814 6,647	Expenditure 6 (1,359,191) (298) (3,312)	Gains/ (Losses) (1,465)	Balance at 31 March 2023 6 346,459 50,323 11,462
Purposes ofrestricted funds	529,049	1,243,461	(1,362,801)	(1,465)	408,244

General funds Endowment funds Restricted funds	Balance at 1 April 2021 E 483,727 49,798 12,010	Income 1,208,268 745	Expenditure 6 (1,223,159) (377) (4,628)	Gains/ (Losses) L' 2,665	Balance at 31 March 2022f 468,836 52,086 8,127
	545,535	1,209,013	(1,228,164)	2,665	529,049

	Capital funds 2023 6	Restricted funds 2023 E	Unrestricted funds 2023 E	Total funds 2023 6
Tangible fixed assets
Trade investments Current assets	50,323		247,629	247,629 50,323
Creditors due within one year		11,462	251,144 (152,314)	262,606 (152,314)
Total	50,323	11,462	346,459	408,244
Prior year
	Capital funds 2022	Restricted funds 2022	Unrestricted funds 2022	Total funds 2022
			6	6
Tangible fixed assets
Trade investments Current assets	52,086	3,311	277,027	280,338 52,086
Creditors due within one year		4,816	281,962 (90,153)	286,778 (90,153)
Total	52,086	8,127	468,836	529,049

Reconciliation of	net movement	in funds to net cash flow from operating	activities
			2023	2022
			E
Net expenditure for	the year (as per Statement of Financial Activities)		(120,805)	(16,486)
Adjustments for:
Depreciation charges
Gains/(losses) on investments			49,179	35,141
Dividends, interests Decrease/(increase)	and rents from investments in stocks		2,061 (1,183)	(1,911) (1,497)
Decrease/(increase)	in debtors		212	(74)
Increase/(decrease)	in creditors		(64,657)	277,395
			255,535	(83,661)
Net cash provided	by operating	activities	120,342	208,907

Analysis	ofcas	h	and	cash equivalents
						2023	2022
						8
Cashin	hand					105,713	194,331
Analysis	ofchanges			in net debt
					At 1 April		At 31 March
					2022	Cash flows	2023
						8	6
Cash at	bank and		in hand		194,331	(88,618)	105,713
Debt due within		1	year		(2,777)	990	(1,787)
					191,554	(87,628)	103,926

					2023	2022
						6
Not	later	than	1	year	3,759	2,215