RegE5tored numbér: 06768177 Charity number.. 1179990 ROYAL CAMBRIDGE HOME LIMITED AUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEE) CONTENTS Page Roference and Administrative Detsils of tht Company. Its Trustses ond Advisers Trustees. Report Trustees. Rasponsibilitles Statement Independant Auditofs Rgport on the Flnancial Statom8nts 8- 11 ststement of Financial Activitms 12 Balan¢8 Sheet 13-14 stat•ment of Cash Flows Notés to the Financlal Statements 16-31 ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEEI REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YE4R ENDED 31 MARCH 2024 Trustggs Mr R H Dowler MBE Major J T Tatham (deceased 11 ￿rI1 20241 Col. N E L Gilbert Mr A D Bott FCCA Mr J M L Williams MA Mrs K Rajan Mr John Ross FCIS lappoinled 1 April 20231 Company registergd number 06768177 CharSty reglstored numbèr 1179990 R￿stered office Albany House Claremont Lane E5her Surrey KT10 9FQ Company se¢rotary Mr A O Bott FCCA Independent audltor Wellden Tumbull Limited Slalulory Auclitors Albany House Claremont Lane Esher Surrey KT10 9FQ Bankers National Westminster Bank PLC 73 High Street Vvallon on Thames Surrey KT12 1DW Soltcitors Mwre Barlow Frameworks 2 Sheen Road Richmond Surrey TW9 1AE Page 1 ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED 8Y GUARANTEE) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees of the Royal Cambridge Home LMitÈd have the honour to Present 115 fifteenth Annual Report and Statement of Accounts for the year ended 31st March 2024. Objectives & Activities , Structure Governan￿ and Management The The Royal Cambridge Home is an incorporated charity constituted under the char¢Vs goveming document dated 26Ih February 19% and following discussions wlh the Charity Commission the Trustees made application lo the Commission for the Constitution ol the Home to be altered. The revised Constitution was sealed by the Commission and re￿iVed by the Trustees on 13th June 2007. The day lo day a¢livilies of the Charity have, since 1s1 April 2009, been conducted by R¢)yal Cambridge Home Limited. The Charity retains ownership of the freehold title to the premises of the Charity. The Trustees who have seroed during the year are s8t out on page 1. TrL$5tees are apwinled by the board of trustees of the Royal Cambridge Home. The day to day adnynistralion of the Home is the responsibllity of the Manager who rew)rts to ihe Trusle@s of the Royal Cambridge Hcxme Limited and lo the General Purposes Committee of the Royal Cambridge Home. Following discussions wlh the Charity Corrmission on 26th April 2016 a revised Scheme was issued the effect of which was to amend the nanE of the Charity from The Roy81 Cambridge Home for sO￿le[S, Widows Its The Royal Cambr¢dge Home and to extend the definition of ils beneficiaries as follows'.- 111 lal The relief of beneficiaries who are in by virtue of financial hardship,sickness. disability or the effects of old age by the provision of a home. Ibl The relief ol beneficiaries who are in need by virtue of financial hardship, sickness, disability or the effects of old age by the provision of grants, loans, gifts, pensions or olhernmse 121 In furtherarKe of Clause 1 lal the Trustees may assist b8nefieiaries by providing sheltered accommodation, ressdential care, nursing Llay respite care. 131 The TfU5tees must conllr)ue lo provide a home on land belonging lo the Charity. In this context the lerm'beneliciaries ￿8￿S 111 Women who have served in the Armed Forces of the Crown. {21 Women who can be considered lo be or have been dependent on a man or woman who has served in the Armed Forces ol the Crown including spouse, ¢ivil partner. widow, former spouse, fomer civil partner, parent, child, slep thild, adopted child, and qualits.ng c&habilant. 131 Men have selved in the Armed Forces of the Crown and men can te consideTed to be or have b*n dependant on a man or woman who has Se￿e￿ in the Armed Forces of the Crown, including Spouse, ciwl partner, ￿l￿ow, former spouse. former civil partner, parent, child. step child, adopted child, and qualifying co- habitant wlh th8 proviso that beneficiaries satisfying the criteria in 111 &121 above will take preceden￿ in the event of theie being more than one applicant for an av3ilable place in the Home. This is undertaken from the Charivs weM1￿ in Hurst Road, East Molesey, &Jrrey. In Setting objectives and planning lor activities the Trustees have given due consideration lo general guidan published by the Charity Commission relating to public benefit. including the guidance "Public Benefit.. running a charity IP821. Page 2 ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEEI TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Refergnce ar￿ admini$tratlve delalls These can be found on page 1 of this annual report. The charitys investment advisers are.. Ralhbonesllnv@stec Wealth & Investment Limited 30 Gresham Street London EC2V 7QN Achiovernents and PerfoTmance and Financial Raview The full financial activities for the year are shown on pages 1110 31. The nel incomlng resources before gain o inve51menls are £11,610, compared to net outgoing resources of £119,340 for 2023. After taking account of the gaift 01 £5,15312023 - IDSS of £1,465) our investtnenl portfolio, a surplus of £17,263 was recorded for the year Gompared wlth a deliat of £120,805 for 2023. ExpenditUTe decreased by £129,388 wlh staff cos15 accounting for 57% the total expenditure. Costs ol maintaining and improving the building5 have been closely cOntrol￿d with the Home's staff attending to routine repair and decorations wherever possible. As a result. total funds at 31st March 2024 were £425,50712023 - £408,244) of which £357,348 are unrestricted funds available. These results reflect the lact that wlh effect from 1st April 2023 the sile of the former 84 Hurst Road and the Duke of Gloucester Wing were handed to Red Construction Group Ltd lo start the work of constructing the new building for the Royal Cambridge Home. The remaining building - No 82 Hurst Road - provided awommodalion for a rllaximum of 20 residents. In spite of the very obvious activities being carried on in the construction of the new ￿lIdIng the Home re￿1ve￿ numerous enquiries for accowmodation. Prior to the Commen￿Ment ol construction concerns arose that demand for residential care may fall away bul this has not been the case and it is a tllbute lo the staff that the Home has been seen as a very acceptable oplion lor residential Care. Redevelopment The contrad for the ccmslruclion ol the new Royal Cambridge Home building and made be￿n Sheppard Trust Propety Cornpany Limited Ilhe Employer) and Red Construction Group was made immediately pritsr lo the end of the previous financial year al a cost of £8.117,941.87. This Cost was signilicanlly greater than the costs previously estimated and as a result Il was n￿SSary lor the terms ol the contract with Sheppard Trust to te renegoknated sijch that the Fixed Lar￿ Payment was reduced to £1,775,000.00. The ¢onslruclion contract allows for a period of 64 weeks with a Practical Completion date of 29th July 2024. The contractors hold regular monthly meetings lo review pryress with Employer, the Project Managerlcost Consultan15, various consultants and with th& Chairman, the Home's Manager and a Building SuNeyor fiom Knight Frank in attendanc@. A further intermediate review meeting takes Pl￿ bebhEen the ¢onlractors and the Project Managerlcosl Consultant. Red Construction Group also arculate a monthly report on progress lo dale and anlicipaled progress in the next period. Adverse weather wnditions from Ihe181è autumn and throughout the wnter months wth eX￿ssiVe amounts of rainfall have caused some delays su¢h that an eslimatecl ¢ompletion dale of 13th August was put forward bul wlh the provision that the contractors were hopeful of eliminating that delay by employing g￿atsr numbèrs of Irades people to L¢ndertake interior and finishing works. Additionally progress has been hindered in re18tion lo connection5 to ulililies, water, drainage etc, and at the time of preparation ol this report there is an on going diff￿￿lty in reaching agreement ￿ryth the Highways Authority in creating the entrance to the site. At the lirne of preparalicx) ol this report the building is wealhei tight arid wthin the last week the scaffclding to the front elevation has been removed and internal works are making good progress. Page 3 ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEEI TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 We are currently in the pr￿SS of approving 8nd ordering ftjrnilure and fumishings for the new building for delivery to the new Home when practical completion has been achieved. A period of one month is allowed for transfer of the operation of the Home from No 82 Hurst Road to the new building lo be known a5 84 Hurst Road. The post code remains unchanged as Kf8 9AH. During the course of constrLtclion items of additional cost have arisen as a re8uSt ol which the Fixed Land Payment has been further reduced to £1,609,242 and this may be subject to further adjustrnenl as the work progresses Raview of the Year As at 1$1 April 2023 there were 19 residents in the Home, During the year we admitted five residents for permanent stay and bNo further residents for varying periods of respite care. One resident left the Home to live elsewhere. Five residents died during the year. As at 31st March 2024 we We￿ ¢aring for 17 residents. The Home, in cornpllan￿ wlh a requ8St from the Social Services Department of Surrey County Council continues lo submit regular Capacity Checkerf, reports advising the authority of availability of accommodation, staffing leve15 elc. and in conjunclion with this process is ￿CeiVIng applications for accomrnodation under a "Discharge lo Assess" programme the applican15 requiring either respite or long term care with shorl temi funding being provided. Cov(d-19 remains an ever present p)tential threat and the staff of the Home are constantly alert lo the risks which it presenls. During the year In question we experienced one nwnor outbreak with no major cOnsequen￿S for either residents or sl¥ff 11 has teen possible to restore to the Home's ¢8￿ndar many of the activities and events which had to be shelved lo avoid the risks imposed by Covid-19. E￿den￿ of how much these activities give pleasure to the residents is very clear from the reports in the Monthly N¥wsletters. Activitie5 8re provided to meet all tastes and abilities induding brA trips, visits to Hampton Court and Iccal farms, visits from Zoolab wlh Interesting animals, and variety of entertainer& In August the Homes Annual Garden Paty was held when we were honoured lo have the Mayor of Elmbridge Cllr Richard Williams and his wife, both of whom showed great interest in the Home and also in the building worf( then in ils early stages on the sile next door. While we m longer have the musicians from the Royal Haspital Chelsea to entertain our guests everyone enjoyed the singing of Liam, 8 frequent and very talented performer. We were espeaally pleased lo welcome bxk the Mayor and his wfe to attend the traditional Stirring The Christmas Pudding CeremDny in November, a very appropriate start to the Christmas seawn al the Home. The now established policy of'make do and mend has again been followed to ensure that while the Home remains safe and fully fit for occupation we seèk lo avoid tjndue expendilute on renewng wherever p055ible, As reported last year we have managed lo dispose of surplus item5 of fumiture and effects in readiness for the nK)ve lo the new building. We are, as ever, mindful ol the w)rk and commitment of our stsff in making the Home a happy and secure place for our residents. Our grateful thanks lo the Man4er Rory Bellield and all the staff for their efforts under difficLJIt circumstances during the construction work next door. Visitors are often heard to comment on the wsilive and happy atmosphere within the Home and this is due in no small Measu￿ to the care provided by the Staff. It is also appropriate to record that throughout the construction period Red Conslruclion Group have been very understanding and considerate neiJhbours. During the year Mrs Vicki O'Brien has been working with Maggie Wilkinson and other staff members towards obtaining accreditation in If* 13)Id Standards Framework an organisalion setting standards for the care of people as they approach end of life. This has involvecl considerable lime, research and work and has recenlEy culminated with the Home ￿CeiVIng a visit from an Assessor representing the Gold Standards Framework. v￿lIe their decision is awaited al the lime of preparing this report there is every indication that the Home will recewe aCc￿dItation. Vicki and Maggie are lo be warmly congratulated and thanked lor all their hard work on this project. Page 4 ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR TrIE YEAR ENDED 31 MARCH 2024 The Iruslees are very appreciative of the donations received from Benefactor8 and Friends during th& year. Aso rrany congratulalioris are due lo all those Staff members and fnends who took part in the Magical Molesey evening in December and raised in excess of £346.C(i. Additionally a fvrther sum of £500.00 was raised at the Summer Garden Paty. These funds were for the benefit of the Queen Mary Fund lo provide entertainment for residents. RIP 11 is wlh sadness that we have to Tewrd the death of Major John Tatham on 11th April 2024. John became a Iwustee in 1995 al which time he was based at the Royal Hospital Chelsea a5 a Captain of Invalids. John's contribution lo the work of the trustees over many years was invaluable and he proved himself lo be a true and loyal friend. He wll be greatly missed by all of us. Investm&nt Policy There are no restrictions on the charity's power to inve51.The investment policy is to provide a sufficient opportunity for capital and income growth lo meet the in¢rèasing obligations of maintsining and running the Home whilst maintaining a low r45k profvle. The trustees regularly review the investments lo ensure that the portfolio provides a spread of risk and balance between equity and fixed interest investments. The trustees consider the return on investments lo be salisfaclory but rerrkiin very conscityjs of the un¢ertainties in the market both nationally and globally particularly at the present time. Rèsorves Poli¢y 11 is the policy of ihe charity to maintain unresiricted fvnds. thich are the I￿e reseNes of the Home, al 8 level which equates to approximately thr& months unrestricted expenditure. Al this level the General Purposes Committee feels that it would be able to continue to provide a high standard of residential care in the event of significant decrease in the level of funding. At the year end the charity had general funds of £￿7,349. Risk Raview The trustees have examinecl the majo¥ strategic, business and operational risks which the charity faces and confirm that systems have been established to mitigate those risks. List of benefactors Year onded 31st March 2024 H M The King Rowan Bentall Charitable Trust other donations We acknO￿edge with thanks donations rewved from families and friends of residents and former residents of the Home. Page 5 ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEE} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Disclosuro of infomTh*lon to auditor Each of the petsons who are Trustees al the time when this Twslees, Report is approved has confirrred that.. so far as that Trustee is aware. there is no relevant audit information of wh￿h the Charita￿e company's auditor is Ljnawdre, and that Trustee has taken all the steps that ought lo have been taken as a Trustee in order lo be aware of any relevant audit information and to establish that the Charity's auditor is aware ol that infomialion. Approved by order ol the members of the board of Trustees and signed on their b MrR H Dowler MBE (Chair of Trusleesl Bott FCCA Date. 081071202Y Page 6 ROYAL CAMBRIDGE HOME LIMITED {A COMPANY LIMITED BY GUARANTEEI STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Truslees IwhD are also the directors of the Company lor the purposes of company13wl are responsible for preparing the Trustees, Report and the fillar￿131 statements in accordance with applicable law and Unrted Kingdom knounling Standards Iunited Kingdom Generally Aecepled Accounting Practice). Company law requires the Trusl*s to prepare finan(yal statements for each financral year. Under company law. the Tfustees musl not approve the finanaal 51alements unless they are satisfied that they give a true and lair view of the stale of affairs of the Company and of its incoming resources and application of resour￿5, includir ils income and expÈnditure, lor that pericKI. In preparing these financial statements, the Trustee5 are rèquired lo.. select suitable accounting pc4icies and then apply them consistently,. obserye the methods and princ4ples of the Charities SORP IFRS 1021.. make judgments and a{￿oUntIng eslimale5 that are reasonablè and prudenL state whether applicable UK Accounting Siandards IFFrting Council's Ethical Standard, and we have fulfilled our other ethical responsibilib.es in accordance wlh these reqtjirements. We bdieve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opin￿n. Conclusions felatlng to going concern In auditing the financial statements, we have concluded th31 the Trustees. use of the going cOn￿M b8$is of accounting in the preparation of the finanaal stalemenl$ Is appropriate. Based on the work we have performed, we have not identified any material un￿rtaintieS ￿latIng lo events or conditions that, individually or collectively, may cast significant doubl on the charitable company's ability to continue as a going concern for a perio￿ of al least months from when the financial slalements are authorised for issue. Our responsibililres and the responsibilities ol the Trustee5 With respect lo going concern are descriLed in the relevant sections of this report. Page 8 ROYAL CAMBRIDGE HOME LIMITED A COMPANY LIMITED BY GUARANTEEI INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ROYAL CAMBRIDGE HOME LIMITED {CONTINUED) other Informatlon The other information comprises the informatK)n included in the Annual Report other than the financial statements and our Audilc¢s Report thereon. The Trustees are responsible for the other information contained wlhin the Annual Report. opinion on the financial stalen*nls ￿￿8 not cover Ihe other information and, ex￿pt to the extent othe￿ise expliGi1Sy stated in our ￿port, we do not express any form of assurance condusion thereon. Our responsibility is to ￿ad the other information and, in doing so, consider whether the other informaliorn is materially inconsistent with the financial statements or our kn￿edge obtsined in the course ol the audit, or otherwise appears to be materially misstated. 11 we identify such material inconsistencies or apparent material misslalèmènts, we are required lo delermine thelher thi5 gives rise lo a matsrial misslalement in the financial statements themselves. If, based on the work we have ￿rformed, we conclude that there Is a material misstatement of this other infomialion, we are required to report that fact. We have nothing lo rewt in this regard. Matters on which we aro requlrÈd to report by exc•p￿0n We have nothing lo ￿port in respect of the following matters wl)ere the Charities (Accounts and Reports) Regulations 2008 requires u5 to report lo you if, in our opinion.. the inform81ion giv￿ in the Trustees, Report is inconsistent in any material respect wlh the finanual s181ements', or sufficient accountlng fecords have not been kept., or the financial stalemenls are not in agreement wlh the accounting records and returns., or we have nol received all the information and explanations we require for our audit. Responsibilitie$ of trust88s As explasned more fully in the Trustees. ResponsibilitEes Statement, the Trustees Iwho are also the directors ol the charitable company for the purposes of ¢omp8ny lawl are responsible for the preparation of the financial sialemenls and for being satisfied that they give a true and fair view, and for such internal contrd as the Trustees determine is necessary lo enable the preparation of financial stalem8nts that are free from material misstatement, thelher due lo fral￿ or error. In preparing the financial stalemenis, the Trustees are responsible for assessing the charitable companls ability to conlintje as a going concern, disclosing, a5 appliGable, malters related lo going COn￿M and using the goir concern basis of accounting unless the Trustees either intend to liquidate the charitable company or lo Trase operations, or have no realistic alternative bul to do so. P￿e9 ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEEI INDEPENOENT AUDITOR'S REPORT TO THE MEMBERS OF ROYAL CAMBRIDGE HOME LIMITED ICONTINUEDI Audltofs rosponsibilltlos for tho audit of the financial 8tatgm&nts We h8ve been apwnled as auditor under section 144 of the Charities kt 2011 and rerMXt in accordanee with the Act and relevant regulations made or having effect Ihereunder. Our obJ"ectives are lo obtain reasonable assurance about whether the finat)cial statements as a whole are Iiee from material misstalemenl, whether due to fraud or error, and to Issue an Auditorfs Report that includes Dur opinion, Reasonable 8ssurance is a high levd ol a55ur#ncA, bLJt is not a guarantee that an ¥udil conducted in accordance wlh ISAS IUKI wll always detect a materi81 Miss1*e￿nI when it exis15. Misslalements can arise from fraud or error and are considered Material il. irKJividually or in the aggr￿ale, they could reaSona￿Y be expected to Influen￿ the economi¢ decisions of users taken on the basis of these finanaal stalemenls. IrregLJlarilies, irKluding Iraud, are instan￿$ of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material misstatements in respect of irregularities. including fraud. We have identified the greatest risk of a material impact on the finanaal slalements from irregularities, including fraud, to relate to the timing and rec￿nition of income,and the override Of Controls by management. Vve have obtsined an understanding of the legal and regulatory frameworks that the Company operates within including both ItrK)se th* directly have an impact on the financial statements and more wdely those for which non-complian￿ could have a significant impact on the Company's optrralnns and reputation. The Companies Act 2006, The Charities Act 2011, am￿oyee legislation, health and safety legislation, Care Quality Commission regulations and data wolection are those we have identified in this regard. Auijiting standards limit the required prixedures as to non-compliance with laNs 8nd regulations lo enquiries of those charged with governance and review of any applicab￿ correspondence. The extent to which our procedures ar capablè of detecting irregularities, induding fraud is detailed below". Enquiry of management and those charged with governan￿ as to actual and potential litigati￿ 2nd claims., Enquiry of management and those charged wlh govemance lo idenb.fy any instances of non-compliance ith laws and regulations", Perfoming audit work over the risk of management override of controls, including testing ol journal entries and other adjustments lor appropriateness, evalualiry the business rationale of significant transactions outside the normal course ol business. and reviewng accounting estimates lor blas. Assessing the rea￿nablenesS of income recognised in the wiod based on conlraclu81 tems and obligation5 and the requiTement of accounting 5tsndards.' and Reviewing financial statement disclosures and testing lo supporting documentation lo assess complian with applicable laws and regulation5. 8ec2use of the inherent limitations of an audit, there is a risk that we will not detect all 1[￿9U1ar1Iie$, including those leading to a material misstalemenl in the financial statements or nonssesl Income Expenditure Unrestricted funds General Funds 468,836 1.236,814 11,359,1911 346.459 Balance at 31 March 2023 Balance al 1 April 2022 Gainsl ILossesl Income ExpEnditure Capital funds funds Endwnent Funds- all funds 52,086 12981 11,465) 50,323 Balance at 31 March 2023 Balan￿ al 1 April 2022 Gains/ (Losses} Income Expenditure Restrictèd funds Queen Ma￿S Fund Special Projects Fund 4,815 3,312 6.647 11,482 {3,3121 8,127 6,647 13,3121 11,462 Total of funds 529,049 1,243,461 11,362,801) 11,4651 408,244 Page 27 ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 P41ARCH 2024 20. Summary of funds Current year Balance at 1 April 2023 Transfers inlout Gainsl (Losses) Balance al 31 March 2024 IncoTne Expenditure General funds 346,459 1,244,013 11,233,123) 357,349 EndowTnent funds Restricted fLsnd5 50,323 11,462 12901 5,153 55,186 12,973 1.011 500 408,244 1,245,024 {1,233,4131 500 5,153 425.508 Purposes of rèstricted funds Quegn Mary's Fund The fund is to finance entertainrnenl, outings and luxury items for the residents. Special PrO1￿ts Fund The fund is prirnarily lur the feplacement of large items of equipment. The remaining balan￿ the fund provides for future depreciation of capital items which were originally purchased using restricted funds together ￿rith donation re￿4V￿ for projects which have not yel begun. Prior year Bala[￿e al 31 Maich 2023 Balance al 1 April 2022 Gain ILossesl Income Expenditure General funds Endowrllenl funds Restricted lunds 468,836 52,086 8,127 1,236,814 11,359, 1911 12981 13,3121 346,459 50,323 11.462 11,4651 6,647 529,049 1,243,461 11,362.8011 11,4651 408,244 Page 28 ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCEAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 21. Analysis of net assots b8lw•gn funds Currentyear Endo¥Mnenl Restricted Unrestricted funds funds funds 2024 2024 2024 Total funds 2024 Tangible fixed assets Trade investments Current assets Creditors due within one year 472,145 472,145 112,9731 55.188 291,244 291,244 1393,C671 1393,0671 55,186 12,973 Total 55,186 12,973 357,349 425,508 Prior year Er￿0￿ment Restricted Unrestricted funds funds funds 2023 2023 2023 Total funds 2023 Tangible fixed assets Trade investments Current assets Creditors due wthln one year 193,374 50,323 247,629 441,003 50,323 262,606 1345,6881 11,462 251,144 1152,3141 1193,3741 Total 50,323 11,462 348,459 408,244 Page 29 ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22. Reconciliation of not movement in funds to net cash flow frorn operating activiti8s 2024 2023 Net IncomelexFendilure for the perlod las per Statement of Financial Activit￿$) 16,763 1120,8051 Adjustmants for: Depreciation charges Gainslllossesl on investments Dividends, interests and rents from investments Decrease in stocks Increase in debtors Increase in creditors Introduce of Capital fvnd 32,719 15,1531 11,4611 49,179 2,061 11,1831 212 120,6521 47,379 1,081 164,6571 255,535 Net cash provided by operating activities 70,676 120.342 23. Analysis of Cash and cash equlvalonts 2024 2023 Cash in hand 113,699 105,713 24. Analysls of changes In net debt Al 1 April 2023 Al 31 March 2024 Cash fI￿NS Cash al bank and in hand Debt due ufiihin 1 year 105,713 11,7871 7,986 11821 113,699 11.9691 103,926 7,804 111,730 25. Related party Iransactions Al the year end Royal Cambridge Home, parent of the company (Med £37,671 12D23 - £37,671) to the company. Page 30 ROYAL CAMBRIDGE HOME LIMITED (A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ponsion commitments The eompany operates a d￿ined Contribut￿)n pensK)n scheme. T1￿ assets of the seJ)eme are held separately from those of the group in an independently administered fund. The pension Gosl charge represents contributions payable by the company lo the fund and amounted to £13.38812023- £13,959). £1,969 12023 - £1,787) of contflbutions were payable to the fund at the balance Sheet date and are included in cfeotilors. 0￿ratIng1$as0 C￿lmItma￿lS At 31 March 2024 the Company had commitments to [r￿ke future minimum lease payments under non- cancellable operating ￿aSeS as follows., 2024 2023 Not later than 1 year 350 3,759 Capital commitments At the beginning of the year the Company entered in to a capital commitment of £8,117,941 relating to the development of the new ear& home at 84 Hurst road . Further d8lails ar8 provid8d in thè Trustee8 reFK)rt. 29. Controlling party The controlling party is The Royal Cambridge Home a registered charity no". 225674, The activities are the samè of those of the company, The parent's consolidated accounts can be obtained from 82-84 Hurst Road, East Molesey, KT8 9AH. Page 31