R•glster•d number: 067681TI Charfty number: 1179990 fts ROYAL CAMBRIDGE HOME LIMrrED AUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ROYAL CAPJJBRIDGE HOME LIMITED (A COMPANY LIMITED BY GUARANTEEI CONTENTS Page Reference and Adminlstratlv& Details of th• Company• ItB Truste and Advlsern Trustaes. Report Tru8*•, Re8pon•lbllltlo• Statement Indopendent AudltoV8 Raport on th• Fln•nclal Stat•ment• 8-10 8tatom•nt ol Flnanclal Actlvltk• 11 Balanco She8t 12-13 Statem•nt of Cash Fl+)W8 14 Note8 to tho Flnanclal 8tat•m•nt8 15-33
ROYAL CAMBRIDGE HOME LIMrrED (A COMPANY UMrrED BY GUARANTEE) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trust805 Mr R H Dowler MBE Major J T Tatham (deceased April 2024> Col. N E L Gilb8rt MrA D Bott FCCA Mr J M L Wllliams MA Ireslgnad 6 Septembér 20241 Mrs K Rajan MrJ A Ross FCIS Mr R C J WSlllams {appolrbted 22 January 20251 Mr J A Spallon FCA lappolnled 15 Oclober 20241 Company regl8t•red number 06768177 Charfty r•gl•t•r•d numbèr I179) Regl•t•r•d offlc• Albany House Claremont Lane Eshar Surrey KT10 9FQ Company •ecr•lary Mr A D Bott FCCA Independont audltar Wellden Turnbull Llmlled Stalulory Auditor3 Albany Hou88 C18remont Lane Esher Surrey KT10 9FQ Banker4 N8tlonal Waslmlnster Bank PLC 73 Hlgh Stre81 Walton on Thames Surrey KT12 1DW Sollcltor8 Moore Barfow Frameworks 2 Sheen Ro8d Richmond Surrey TW9 1AE Page 1
ROYAL CAMBRIDGE HOME LIMITED (A COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees of the Royal Cambridge Home Limited have the honour to present ils sixteenth Annu81 Report and Statement of Accounts for th8 year ended 31st March 2025. Obj•ctlve8 & Aetlvities, Stwcture Govemanc• and Managern•nt Th8 Royal Cambridge Home Llmlted is an incorporated charity consllluled under the Gharlty's govemlng document dated 26th F8bruary 1996 and following discussions with the Charfty Commission the Trustees made application lo th8 Cornmission for the Conslilulion of the Home lo be altered. The revised Constllullon was sealed by the Commission and racefved by the Trustees on 13th June 2007. The day to day activities of the Charity have, slnce 1&1 Aprfl 2009. been conducted by Roy81 Cambrldge Home Limited. The CharSty relalns ownership of the freehold li118 lo the pr8mSses of the Charity. Thè long lemi objeclives of the charity 8re lo provlde ffirst clas8 resldenllal c8re to Its baneflclary group In IVS current newly buill premSses. The Tru$l88s have seNed durlng the year are 881 out on page 1. Trustees are appointed by the board of Irusleos of the Royal Cambrfdgo Home. The day to day adminislralion of the Home16 the responslblllty of the IAanager who reports lo thg Trustees of the Royal Cambrldge Home Llmlted and lo the General Purposes Commltt8e of the Royal Cambrldge Home. Followlng dlscusslons with the Charity Commission on 26th Aprfl 2016 a revised Schem8 was Issu8d the effect of whlch was lo amend the name of the Charlly from The Royal Cambridge Home for Soldlers, Wid¢)ws to The Royal Cambrldge Homè 8nd to extend the deflnllion of Ils beneficl8rles as follows'.- 111 (al The rellef of benaflclari88 are In need by vlrtue of financlal hardshlp, sickn08s, dS88blllty the effecls of old age by the piovision of a home. {bl The r81i8f of benefldarles who are in need by vlrtU8 of financial h8rdshlp, slckn8ss, disabillly or th8 effects of old age by tha provlslon of grants, 108ns, gts, p8nslons or otherwi88 {21 In furtharaneè of Clause 1 181 tha Trustees may a8818t bgneflclorles by provldlng sheltered accommodallon, resldentlal ¢are, nursSng and day resplte care. 131 The Tru81888 musl continue lo prode a home on land belonging lo the Charity. In thls contexl the term 'beneficl8rS8s" means (11 Women who have served In the Armed Forces of the Cro. 121 Women can be considered to be or have been dependent on a man or wom8n who has seNe(I In the Armed Forces of the Crown includlng spouse, civil partner, wdow, former swuse, fomer clvil partner. parent, chlld, 81ep child. adopted child, and quallfylng ch8b1tsnl. 131 Men who hav8 served In the Amad ForGe8 of Ihe Crown and men who can be conSered to be or have been dependant on a man or woman who h88 served in the Armed Forces of the Crown. includlng spouse, dvll partner. widow, former spouse, former clvll partner, parent, chlld, 8tep child, adopted chlld, and qualng co- habitant with the proviso that b8neliciaries satisfying tho critsria in111 & 1218bove wlll take pr8cedence in the event of there being more than on8 applic8nl for an avaiLgble place in the Home. This is undertaken from the Charty8 premlses in Hursl Road, East Molesey, Surrey. In setting objectives and planning for activitles the Trustees h8ve given due consideration to general guldance published by the Chartty Commission relating to public bgnefil, Including the guidBnce 'Public Benefit.. running charity IP821. Page 2
ROYAL CAMBRIDGE HOME LIMITED (A COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THEYEAR ENDED 31 MARCH 2025 Referonce and adrnlnlstratlv• d•tails These can be found on page 1 of Ihls annual report. Th8 ch8nVs investment advlsers are.. RalhtK)nesllnveslec Wealth & Investment Limited 30 Gresham Street London EC2V 7QN Achlevemonts and P•rform8nce and Flnanclal Rovlow The full financ1 8cl1lIeS for the yeaT 8r8 shown on pages 11 to 33. Th8 nel autgolng resourcas before galn on Inveslm8nls ar8 £226,635, compared to n81 IncL)mlng resourc8s of £11,610 for 2024. After laklng account of the gain of £1,234 12024 gain of £5,153) on our Investment portfollo, a deficll of £225.401 was r8cord8d for the y8ar compared wlth a surplus of £17,263 for 2024. Redevelopment Th8s8 results refle¢l the facl that from 1st April 2024 to 21st August 2024 the company conllnu8d to op8rate from Ils property al 82 Hurst Road and from that dale was operatlng from Ils new premises al 84 Hurst RoaLI. As 8t the dal8 of the transfer of the busln888 on 21 st August the Home was provlding care for 17 resldenl8. The contract for the con81ruction of the new prgmisas w88 for a perlod of 64 week5 concluding on 29th July 2024. Work of construction was hamperad by poor weather conditions partkulady Ihrough the Sulumn and wnler months and as 8 result the handing ov8r of posse89ion of tha new bulldlng was deferred unlll 12th August 2024. Th8 contract sum agreed ot the oulsel of conslrucllon was Sn the sum of £8,117,942 plus related profes51onal fees. Durtng the course of construction addlllonal costs were Incurred and as a result th8 orlglnally agreed Fixed Land PayTnenl of £1,775.000.00 was reduced lo £1,548,334. The new bulldlng provkilng accKJmmodallcffl for 32 residents each In slngle rooms wlth en Bulte showorlwc 8rrangod over ground, first, second and Ihlrd floors. All floors are served by lifts. On each floor level there is a loung8ldining room lor communal use. In addilion Ihe Home provides a guest bedroom for the use of visiting resident family members or frlends, a halrdresslngllherapy salon and library. A fully equipped kitchen prowdes meals for all residents and residents. clothing is washad In a lully equlpped laundry. The General M8nager's and admkn offices together w41h the Care Manager's office are located on the ground floor wih staff ch8nging and rest faclllties provldgd on the third floor. 11 became Gr when the building was occupied that the space allocated for the Home's Man8ger and 8dminislrative staff was inadequaté and 81 the lime of prep8r8tion of Ihls report arrangements arè in hand for the layout lo be changed such that the existing haSrdres81ngllherapy salon will be relocated lo use the library 8uGh that when not in use for hairdresslngltherapy ils us8 85 8 library can contlnue. The existing halrdressingltherapy salon wlll become th8 manag8r's Offi and the existing managarfs office and admln office will b8com6 one space. The Home is supplied wth underfioor healing and domesllc hot water by means of 81r source heat pumps sited in a compound lo the rear ol the building. Conslstenl provlsion of both healing and hot w8t8r has been somewhat spasmodlc and has required the Intervention of engineers to adjust the system to operale to ils de8iuned capacity and this is ongoing. In the days iMMlatelY following 12th August there was great acliwty In instsllng fumlture and furnlshings in readiness to reCee the résidents. The majority of fumilure and fumlshing items were Purchased from new and we are very grateful to Mr Michael Sandford for his involvement both in advising and recommending suppliars. tolour schamas, arranging deliverf8s at appropriate Ilm8s and assisting wlth the placement of itams, p3rt1culady the pictures approprfale for their hxation in th8 Home. Page 3
ROYAL CAMBRIDGE HOME LIMITED IA COMPANY UMITED BY GUARANTEEI TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlovements and Perfornlance and Financlal Rtview (contlnuodl The portrait of th8 first Duke Of Cambridge, In whos8 memory the Royal C8mbridge Homè was founded in 1851, and which had for many years been hung In the hallway of 82 Hurst Road was ckaned and the framè refurblshed and now hangs in a promin8nl poslllon In the entranc8 foyer of the Home. On 21st August the transfer of re81d8nts trom 82 Hurst Road to the new bulwing was very skilfully handled by the stsff who Greated a patty atmosphere and all seventeen residents were safety insta118d by lunchtirne on that day and were inlroduc8d lo their new surroundings The Home's gardening contractors hBve undertaken a consider8ble amount of wort( in provIng planlir)g of trees and shrubs surrounding the car parking area al th8 front of Ihg bullding wlh further landscaping of the rear gardens. The c6dar tree forms the major focus of the rear g8rden but is now supplemented with further planting Includln9 a subslanlal ollve tree together wlh 8 variety of shrubs, Ire8$ elc. Landscaping has also provided a paved palhwsy around part of th8 lawned rear garden. A work8hoplstor8 togeth&r with addllional storage sh&ds and a stsff smoking 'gazebo" have also b88n added. Rèvlaw of the Year As al 181 April 2024 there wer8 17 resldents In the Home. During the year we admitted 13 resld8nls for pemanenl slay and a further 3 iesidenls for v8rylng periods ol resplle care. No residents lefl Ihe Hom8 to live elsewhere. Six resldènls died during th8 year. As at 31 sl March 2025 we were carlng for 27 residents. The Home. In compllance with a request from thè Social Services Department of Surrey County Councll conllnu88 to submll regular "Capaclly Checkerf, reports advising the authority of availability of 8ccommodalion, staffing lovels elc. and In conjunction wlh this process is recelvlng applications for accommodalion under 8 'Discharge lo A888s$ programme the appllc8nts requSring ellh8r resplle or long tsm care with short lemi fundlng belng provided. COVID-19 conllnues lo presenl a threat, alboit much reduced. lo tho health and well-bèlng of the r8slden18 and staff. Tho staff of the Home are constantly alert lo the Sk8 which il presents. During the year lo 31st March 2025 we experi8nced one mlnor oulbreak ¥th no major consequences for ellher residonls or staff. Wlth the reducllon In the incrdence of cov119 51 has been posslble to arr8ng8 a wlde vaTlety of 8cllvltS88, outings and entertainment for the residents and gratsful thanks are due lo the aclivillos organisers and all the stsff for making these very successfLJI and enjoyable. Inced are pub lunches, vlsits to Hampton Court Palace and Bushy P8rk. attendance al the rehearsal of the Fesllval of Remembrance al the Albart Hall together with visits from singers and muslcians and Zoolab Iwilh exotic anlm8lsl- Shortly after the ye3r gnd the Home received a cage together wrth an Incubator Bnd seven eggs from which hatched six chicks lo fill the ground fbor haraY th ihe sound of cheeping. In due course the inhabitants of the cage wlll be transferred lo a coop at the re8r of the Homes garden. Monlhty Newslatters have contlnued lo bg publlsh8d glvlng a colourlul plcture of Ilfe 81 the Homo, notable events and infomation on forthcomlng acllwlles. The Home's Summer Garden Party was held on 12th July when w8 wor8 honoured lo welcome the Mayor of Elmbridge. Counalbr Neill Houston together wth other friends of the Home as well as friends 8nd mambers of residen15' familles. The traditional "Stirring The Chrf8tmas Puddlw" ceremony was held on Thursday 28th November when we were tyelighled lo welcome as our Guest of Honour, General Sir Jeremy Mackenzie, a fomier Governor of the Roy81 Hospital Chelsea and a great 5UPPOrter of the Royal Cambridge Home over many years. Again we were lolned by residents, fendS and famity members. We are, as ever, mlndful of the work and commltment of our 8t8ff in making tha Home a happy and sacure place for our resldents. Our grateful thanks lo the Manager Rory Beeld and 811 the staff for their efforts under difficult circumstsnces in the old bulldings during the constructlon work In the earlier part of the year and In particular skill and care showrb lo the residents in tho move and settling in to the n8w premlses. Since the move to the new Page 4
ROYAL CAMBRIDGE HOME LIMITED {A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 buildlng the numb8r of resldents has increasad and enqulrfes for resldentl81 care have 8imlloAy Increased as news of the quality of th8 new premis8s and the quality of care belng offered has spread. Visltors are often heard lo wfymment ors the posillve and happy almogph6re urilhln the Home ènd this Is In no small measure lo the care provided by th8 $18ff. 11 is also approprlate lo r6cord that throughout th8 construction perlod Red Construction Group have been very underslandlng and considerala neighbours and this is continuing with their construction of Phase 2 of the development for Sheppard Trust currently scheduled to continue until June 2026 As reported last year thank8 to Ihe hard work of Mrs Mckl O'Brf8n and Mrs Maggie Wllklnson the Home re¢eNed accredilalion in tt)e Gold Standards Framework In settlng standards for the provision of "end of lrfe" care. The 8ccreditalion13 8ublecl lo regular revlew ¥Mth stsff receiving appropriate training and supeNislon. The trustees ar8 vary appreclaliv8 of tha donations recehJ8d from Benef8Glor8 durlng th8 year and many congratulations are du8 to all those staff members and friends who took p8rt in the Maglcal Mo1858y Evening In November raising £457. Addilionalty a lurther sum of £415 was ralsed al th& Summer Garden Paty and Christm88 Raffles. These funds were for the b8nefll of the Queen Mary Fund lo provld8 ent8rtolnmenl for resldents. RIP As recordad In last yearfs annual report n8ws of the death of M8lor John Tatham was reCe8d with great sadness. John was an invaluable member of th8 b08rd of dlreclorsltrustees for 29 years and the Home benefited grealy from his loy81 swlce lo the Home. In his memory. on the firsl anniversary of his death some ol his ashe8 were Interred al the fool of the ollve tree In the Home's garden by John's ¥Mle logelhar with a m8morf81 plaque. Inv••tm•nt Pollcy There are no restrf¢llon8 on th8 charfls pow8r lo Invest. The Investm8nl pollcy Is to provlde a suffldent opportunlty for capllal and Income growth lo meg1 the Increaslng oblloallons of malnlainlng and runnlng the Home whllsl malntalnlng 8 low rlsk prof1. The Irusl8es regularty revlew the Invgslmenls to ensure that the portfollo provides o spread of rlsk and bance b&e8n equlty and flxed Interest Investments. The Iruslees conslder the relum on investments lo be satisfactory bul remaln very con8cSous of th8 unc8rt81nlles in the market both nationally and globally particularfy al the present lime. R•8•rves Pollcy It Is the pollcy of the ch8rlty to maintain unrestricted funds, which are the free reserves of the Home, at 8 level whlch oquates lo approxlm8lely three monlh8 unreslricled expenditure. Al this level the General Purposes Committee foels that il would be able lo continue lo provlde a high standard of residenlial care in the event of a significant decrease in the level of fundlng. At th8 year end the ch8rfty had unresMcl8d funds of £128,287. The reglslered charity bén8llclal owner has unrestrlcted funds of £10,868,757. Page 5
ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 202S Rlsk R8vl6w The tiustees have examined th8 major slr8leglc, business and operallonal rlsks which the chadty faces and confimi that Sy8lems hava bean 8stabllshed lo rnltlgal8 thos6 dsks. Volunteers The Charity does not rely on volunteers lo deliver the front Ilne services lo our resmdents. They aro undertaken by employees at all times, many of whom have professlonal qualifications. The only voluntary serwces are provided by the Trustees , all of whom Bre totally voluntary. Ll8t ol ben•tsctorn Y••r •ndod 318t March 2025 H M Th8 King Row8n Benlall Chadtsble Trust Dlsclosuro of Inforniation to audltor Each of the persons who are Trusteos al the Ilme whan thls Tru818es' R8POrt18 approved has confirmed that.. so far as that Trust88 18 aware, there Is no r818vanl audll informallon of whlch the Charllable compaws audllor18 unaware, and that Trusl8e has tsken all the sl8p$ th81 ought lo have been taken as a Trustee In order lo be aware of any relevant 8udit infom)alon 8nd to establlsh that the chArStys audllor Is aw8re of that Infomi8tlon. Appr¢Jved by order of the members of the board of Truslees and signed on Ihglr behalf by. Mr R H Dowlor MBE (Chair of Trus¢egsl MrJ Spalton FCA ITrusl8el Dale.. Page 6
ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 Thg Trustees (who are also the dSrectors of the Ccmpany for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and Unlted Klngdom Accounting Stsndards {Unlted Kingdom Generdlw Accepted Accounliro Praclicel. Ccxnpany18w requires thg Trustees to prepare financial statsments for each financi81 year. Under company law. the Trustees musl not approve the fin8ncial statements Ljnless they are satisfied that Ihoy glve a true and fair vlew of the stat8 of affairs of th8 Company and of its incoming resources and 8pplicatlon of resources, including its Incorne and expèndllure, for that p8rlod. In preparfng these flnancl81 st81gment8, the TfUBtses ar8 requlred lo.. select 8uitsble accounllng pollcles and then apply them consist8nYy', obsèrvè tha methods and prfncipl8s of th8 Charltles SORP IFRS 1021.. make judgments and accounting estr'males that are reasonable and prudent., stale whether applicable UK Accountlng Standards IFRS 1021 have been followed, subl8Ct lo any malerf81 departurgs dlsclosed an¢J explained In the financlal slalements., prepare ihe financial ststemenls on th6 going Goncem basls unless11 is inapproprlale lo presume th8t the Company will conllnue in business. The Trustees are re8ponsSble for keeplng adequat6 8ccounllrvJ rècords Ihal ar8 sUffent lo show 8nd explaln the Componls tr8ns8cllons and disclose th reasonable accuracy al any lime the financial poslllon of tha Company 8nd enable them lo ensurg Ihal the flnancial slalements comply wlh the Ch8rfties Act 2011. They are 81so responslble for safeguarding the assets of the Compony and hence for taklng re080n8ble stsps for the prevention and daleclion of fraud and other irregularllies. Approved by ordor of the membgrs of th8 b08rd of Truste98 and signed on Its bghalf by. Plr R H Dowlor MBE (Chair of Trusleesl MrJ A Spalton FCA ITrusleel Dale.. l?. 1*.2%. Page 7
ROYAL CAM8RIDGE HOME LIMED IA COMPANY LIPIITED BY GUARANTEEI INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ROVAL CAMBRIDGE HOME LIMITED Opinlon We havè audited the fin8ncS81818tements of Royal Cambridge Home Limited Ilhe 'charitablg comp8nll for the y8ar ended 31 Marckn 2025 which c£bmprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the re181ed notes, induding a summary of significant actUntIng policies. The financial reporting fram8work that has been appliod In thalr preparation is applicable law and United Kingdom Accounting Standards, including Financial R8POrtlng Standard 102 'Thè Flnanclal Reportlng St8ndard appllcable In the UK and Republlc of Ireland, (United Klngdorn G8n8rally Acc8pled Accounllng Pracllce). In our oplnlon Ihg flnanclal st8temenl8'. gSve a tru8 and fair vlew ol the stale of the charftable company's aff85ts as al 31 March 2025 and of ils Incomlng resources and appliCaOn of resourc88, InGluding Its income and expendlture for the year th8n ended., have been propèAy prepared in accordance th Unltad Kingdorn Generally Acceptsd Accounllng Practice., and Hava been pr8par8d In aGGordance wllh tha rèqulramenl8 of the Charflles Act 2011. asl¥ for oplnlon We conducted our audll In 8CC0rdanco wlh Inlematlonal Sland8r118 on Audib'ng IUKI IISAS IUKII 8nd applicablo law. Our responsibllilies undar those 8land8rds are further descrlbed in Iho Auditor's responsibilities for the audit of tha financlal statements secbon of our repori. We are indgpendent of Ihe ch8rS18ble company in accordance with the elhical requirements Ihal ara relevanl lo our audit of tho fln8nclal stslements In the United Klngdom, Including the Fln8ncial Reporting Council's Ethical Standard, 8nd we have fuifilbd our other elhlcal responsiblliues Sn accordance wilh these requlrements. We beIve th81 the audit evldenc8 we have obtalned Is sufficient 8nd approprlate lo provlde a b8sls for our opinion. Concluilons r•latlng to golng concern In audillng the financkql 8t8temgnls, we have concluded thal the Trustees, u$e of th8 golng concern basls of aOUntIng In th8 prep8rallon of the financi81 slalgments is 8ppropriats. Based on the work we have performgd. we have not Idenllfied any malerfal uncertainties relallng to events or conditions that, Sndlvldually or collectlvely, may cast slgnlfic8nl doubl on the charitable companls ability to continue as 8 golng concem for 8 P8riod of al least iwelve months from when the financlal statements are authorfsed for Issue. Our responslbiliUe8 and the re8ponsSbilllles of the Trustees wth respect to going concern are described in thè relev8nt secllons of this report. other Informatlon The other Informallon comprises the Infomalion included In the Annual Report olh8r than the ffnoncS81 8tat8ments and our Auditorfs Report thereon. The Trustees are responsible for the ether information contalned wlhln the Annual Report. Our oplnion on the financial slalements does not Cover the other information and, except lo the extent otherwise explicitly ststed in our pOrt, we do not express any form of assurarbce conclusion Ihereon. Our responsibility is lo read the other infom)alion and, in doSng so. Consider whether the other information is materially inconsislenl with the financial slalements or our knowledge obtained in the course of the audlt. or othewse 8ppears lo be malerialfy misstated. If we identlfy such material inconsistencS or apparent material misstslements. we are required to delemiine whether this gives rise 10 8 material misstatement in the ffinanaI st8lernents themselves. If, based on the work we have performed, we conclude that there is a malerlal mi8StaleTnenl of thig other information, we are requlred to report that fact. We have nothing to report in this regard. Page 8
ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITEO BY GUARANTEE IMDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ROYAL CAMBRIDGE HOME LlkllTED ICONTINUEDI Matters on which we are rnqulred to report by exceptlon We have nolhlng to report In respect of the followlng matters where the Charftses (Accounts and Reports) Regulations 2008 requlres us to report lo you if. in our opinion.. the inlomiation given In the Trustees. Report 18 inconsistent In any material raspect with the financiBI stalem8nls,' or 8ufficlenl 8ccountlng records have not b8an kept., or the flnanclal s181ements are not In agreement wllh th8 accounting records and rolums., or we have not received all the Informatlon and explanatlons we reqLbir8 for our audit. Re8pon8lbllltle8 of tru¥t808 As 8xplalned mor8 fully in the Trustees, Responslbililies Ststement, the Trustees lltho Bre Élso the directors of the charitable company for the purposes of company lawl are ra8pon8ible for the preparation of the financial stalemenls and for belng satlsfled th81 they glve a tru8 and falr view, and for such Snl8m81 control as th8 Trusleas delemine Is neG8ssary to enable tha praparalion of flnanclal 5t8t8m8nt8 that are free from materf81 mlsststem6nl. vth8th8r due lo fraud or arror. In pr8P8rlng the financlal stslamenls, the Trustees ar8 responslble for 8888881ng th8 charllable comp8nls abS1ity lo continue a8 a going concern, dlsc1081ng, as applicable, matters related lo golng con¢em and using the going concern basis of accounting unbss the Trustees elther Intend to Ilquldala the charitable company or lo ¢eas8 operotlons. or have no r8allslSc allernallve bul lo do 80. AudttoV8 re6pon8lbllltlas for thè audlt of th• fln•nclal •tstement8 We have been appointed as auditor under secllon 144 of the Charlde8 Act 2011 and report in accord0n wlth the Act and relevant regu1811ons mBde or having èffecl Ihoreunder. Our oblectlv85 ar8 to oblaln r8ason8bl8 assurance about whether the flnanclBI statemen18 a8 a whol8 are fr88 frorn material mlsstalemenl, whether due lo fraud or error, and lo issue an Auditor's Report Ihal InGludes our opinion. Reasonable assurance is a hlgh lev81 of assurance, bul Is not a guarantee ihal an audll conduGlad In a¢cordgnce wlth ISA5 IUKI wlll always detect a matarlal misslalem8nt when 11 exists. Mlsslalernents can orfse frorn fraud or error and are consldered material if. individually or in the aggregate, Ih8y could reasonably be expected lo Influ8nc8 Ihe economic decision8 of users tsken on the basis of these linancial sla18ments. Irregularities, induding fraud, are instances of non-compliance wllh laws and regulations. We deslgn procedures in line wlh wr responsibilitie5, Outlined above. lo delect material misslal8ments in respect of irregularities, induding fraud. We have identlfied the greatest sk of a material irnpacl on the financial slalements from irregularfties. including fraud, to relate to the tsming and reCOgniOn ol income, and the override of controls by rnanagement. We have obtainod 8n understanding of the legal and regulatory frameworks that the Company opèr8tes wSthin including both those that directly have 8n impact on the financial statements and more wid8ly those for whlch non-compliance could hav8 8 significant Impact on the Company's operations and reputation. The Companle5 Act 2006, The Charflles Act 2011, employee legislation, h8alth and safely Igglslation, Care Quality Commission regulations and dats protecllon are Ihose we havo idgnlified In this regard. Auditing standards limit the requlred procedures as to non-compllance with laws and regulations to enquiries of those chawèd wlh gov8mance and r8vlew of any applicable corresponden. Page 9
ROYAL CAMBRIDGE HOME LIMITED (A COMPANY LIMITED BY GUARANTEEI INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ROYAL CAMBRIDGE HOME LIMITED {CONTINLIEDI The extent to which our procedure5 are capable of detecting Irregularities, includSng fraud Is detalled below- Enquiry of man8g8ment and those charged wlh governance as to actual and potential lillgation and clalms., Enquiry of management and thos8 charged wlth govemance lo klenfjfy any Instances of non-complSance wlth laws and regulations., Parformlng audil work ov8r the rlsk of managèment override of controls, Including tesllng of journal enlrles and other adjuslmenls for appropriateness, evaluatlng the business rationale of 51gnifinI transactions outside the normal cout88 of business, and r8vl8wlng accounting eslimales for bias., Assesslng the reasonableness of income recognised in the pe)d based on contractual t8mis and obligalions 8nd the requirement of accounting standards,. and Tesllng the accuracy and complelenoss of disclosures, Including slgnificanl accounllng polIcs. related paty Iransaclions, and other crillcal notes, to ensur8 they are presented f8Srfy and in accordance wlth applicable flnancial reporting stsnd8rds. Revlewlng financial statement d18c108ure8 and lesllng lo supporting documenlallon lo as8888 compllance whh appllcab18 law8 and regulallon8. B8cause of the Inherent Ilmilatlons of an audll, there Is 8 risk that we wlll not delecl all Irregularlll8s, Includlng those le8ding to 8 malerfal misslalemenl In the financial stalem8nts or non<ompliance with regulation. Thls rfsk Increases the more that compli8nce wkh a 18w or regulation is removed from the events and transactions r8fl8cl8d in the flnancial ststements, as we will be less likely lo become awa of Instsnces of non<ompliance. The risk is also greater règarding iTregu18rilles occurring due lo fraud r8ther than error, as fr8ud involves ntenlion81 concealment, forgery, collusion, omission or mlsrepre86nlallon. A fumher dascriplion of our responslblllties for the audlt of the nnancial statements Is located on the Financial Reporting Councifs websSle al: wwK.frc.or .uklaudilorsr Audllor's Report. nsibllilies. Thls d85crlpllon forms part of our Use of our report Thls report is made solely lo the charilablo compan$ trustees, as a body, In accordance with Part 4 of the Charities (Accounts and Reportsl Regulallons 2008. Our oudil work has been undertaken so th8t we mlghl slate lo lh8 charitable companls trustees those matters we are required lo slate to them in an Audltorfs Report and for no other purpose. To the fullest extent permrtted by law. we do not 8ccepl or assume responsibility lo anyone other than the charitable company and its m8mb8rs, as a body. for our audit work, lor this report, or for the opinK)n5 we have fomi¢d. Emma Graon FCCA Wellden Turnbull Llmitgd Slatulory Audrtors Albany House Claiemonl Lana Eshor Surrey 109FQ Date- Wellden Turnbull Limited are ellgible to act as auditors Sn terms of section 1212 of Ihe Companies Act 2006. Page 10
ROYAL CAMBRIDGE HOME LIMrrED IA COMPANY LIMITED BY GUARANTEEI STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDrruRE ACCOUNT) FOR THEYEAR ENDED 31 MARCH 2025 Capital funds 2025 Restricted funds 2025 Unrestrictsd funds 2025 Total funds 2025 Total funds 2024 Note Income and endowments fram: Donatlon8 Charltoble activille8 Other trading 8ctlvttie8 Investments Other income 2,738 2,738 1.555,313 350 1,856 3,425 1.011 1.241,720 1,555,313 350 1,856 3,425 1,461 831 Totsl Incomo and endowment8 2,738 1.560,944 1.563,682 1,245.023 Expendlture on: Raising funds CharSt8bb aGliwties 311 311 1,790,006 290 1,233,123 10 1,790.006 Total expondlture 311 1,790,006 1,790,317 1,233,413 Net (8xp•ndltur•) Ilncom• b•lpre net galns on Investment• 13111 2,738 1229,0621 1226,6351 11,610 Net gains on Snveslmenls Transfers befv8n funda 1.234 1,234 5,153 21 500 Net movfjmont in fund8 923 2,738 1229.062) {225,401) 17.263 R•conelllatlon of funds: Tol81 funds brought forward Net movement Sn funds 55,186 923 12.973 2,738 357,349 {229,0621 425.508 1225,401) 408,245 17,263 Total funds carrled forward 56.109 15.711 128,287 200,107 425,508 The Slalemenl of Financial Activities include5 all galns and losse8 recognised in the year. Thè notes on pages 15 to 33 fomi part of these financial stalem6nts. Pag811
ROYAL CAMBRIDGE HOME LIMITED (A COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER: 06768177 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Flxed as801• Tangible ass6ts Investm8nls 14 15 472,145 55,186 56.109 56,109 527,331 Current assets Stocks Debtors Ca8h al bank and In hand 17 18 3,454 226.933 578,445 2,669 174.876 113,699 808,832 291,244 Credltors: amounts falllng due ¥thIn one y8ar 19 {664,834) (393,0671 Net current a•••ts I11obllltl•• 143,998 {101,823} Total n•t M••ts 200,107 425.508 Ch•rlty fund• Endowmanl funds Reslrlcled funds Unrestriclad funds 21 21 21 56,109 15.711 128,287 55,186 12,973 357,349 Total fund• 200,107 425,508 P8ge 12
ROYAL CAMBRIDGE HOME LIMITED (A COMPANY LIMITED BY QUARANTEE) BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The entity was entitled to exemption from audit under secllon 477 of the Companies Act 2006. The members have not required th8 enllty lo obtain an audit for the year in question in accordance wth section 476 of the Companie5 Act 2006. However, an audrt is required in accordance with seclk*n 144 of the Charfle8 Act 2011. Tha Twst88s acknowledge thair responslb1lle5 for CoMplng vAlh the requlrements of the Acl wrth r6spect to accountlng record8 and preparation of financlal ststsm8nts. The fin8ndal slalements have be8n prepared In accordanc8 wlth the prowslons applic8ble to enutles subl6Ct to the small compan188 reglme. The financlal statements ware approved and aulhor58ed for Issua by the Twslees and slgned on their behalf by.. Mr R H Dowler MBE (Chair of Trustees) Dale.. MrJ A Spalton FCA (Trustee) The rle on pagas 15 10 33 form part of these finandal 8ts18ménts. Page 13
ROYAL CAMBRIDGE HOME LIMITED (A COMPANY LIMED BY GUARANTEE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flo from operatlng activitles Nel cash used In operallng acllvltl88 1439,5791 69,845 Cash flows from Investlng actlvltleo Dividends. Interests and rents Irom investments Pulchase of tsnglble l+xed assets Proceed8 from sale of Investments Jrchase of Inve8tments portfol management fees 5,281 (9,848) 5.047 (5,2521 (311) 2.292 (63,861) (2,2401 12901 Nat caBh u¥ed In Inv••tlng aGtlvlti•s {5,083) {64,0991 Cash flow• from fln•nclng •ctlvltl•• Loans from group undertakSngs 909,408 N•1 cash provld•d by IlnaThclng actlvltl•* 909,408 Chang• In cash and cash •qulval8nts In th• y•ar Cash and cash equhjalenls al the beglnnlng of tha year 464,746 113,699 5,746 107,953 Ca•h and cash equlvalents at the ond of the y•ar 578,445 113,6gg The notes on pag68 15 to 33 fomi part of Ihese finCIal statements Page 14
ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General inforniatlon Roydl Cambridge Home Llmiled is a private company, limited by guarantee, has na share capital and is also a regSslered charity, incorporated in England and Wales. registered number 06768177. The principal place of the business is 84 Hurst Rd, Molesey, East Molesey KT8 gAH. Accountlng pollcles 2.1 8as1s of preparatlon of flnanclal Ststements The ffinanclal slatsrnenls hav8 been preparad In accoTdance with the Charftles SORP IFRS 1021 Accounting and Reportlng by Charities.. Statement of Recommanded Practlce appllcable to charftl8S preparlng their accounts In aGcordanc8 th the Flnanclal Reporting Standard appllcable in the UK ané Republbc of Ireland IFRS 1021 leffecliv8 1 January 20191, the FSnancl81 Reportlng Standard applicab18 In the UK and Rapubllc of Ireland IFRS 10218nd the Charllles Act 2011 and UK Generally AGcepted Practice. Royal Cambridge Home Llmiled meets the deflnltion of a publlc benefit enllty under FRS 102. Assets and Ilabilities are initially recognised at hlslorical co81 or tronsacllon value unless olhewse stated in the relevant accounting polky. Tha flnancl81818tements have been propared lo give a 'lrue and f8iV view and have dep8rt8d from the Charllles (Accounts and Reports) Regulations 2008 only lo the extent Tequlred lo provld8 a 'lrue ond fal view. This daparture has involv8d follo%ng the Charlties SORP {FRS 1021 published In Octob8r 2019 rather than the Accounting and Raportlng by Ch8rllles'. Stslement of Racommanded Practice effeGliva from 1 Apdl 2005 which has 81nce been thdraWn. 2.2 Prè8•ntstlon currency The Charliable companl8 funcllonal currency Is Sledlng and accLiunls are pre88nted In Sterllng, and rounded lo the nearest £. 2.3 Incom• Grants and donatlon8, Including gr8n18 for tho purchase of flxed assets, 8re renISed In full In th8 Statement of Financial Activities when received. Residents, contributlons are recognlsed over the perfod of occupallon. - Accommodatlon Income is recognSs8d ov8r the p8riod of 8tt occupatlon. Inveslm8nl Income Is d6rlved from investments lislgd on the UK sl¢xk exchange and Is accounted lor when r8celvable. Gifts of flxed assets are included 818 fair value estimated by the Irusla8s at the dal8 of Teceipl. Other income is recognlsed In the perlod In whlch It Is receivabl8 and to the extent the good5 have been provided or on complellon of Ihe service. Page 15
ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollc1•8 (Gontlnued 2A Resour¢os expended Re80urces expended are fecognlsed In the period in whlch they are incurred and include 3ttributable VAT whlch cannot be recovered. Costs of aclivrties comprise direct costs and supt)ort costs Incurred in providing resldenllal carg. Fundra185ng costs comprf88 publiclly and costs associated with fundraislng. Governanc8 expanses comprise costs Incurred In the adminlslrallon of the Home. Where costs cannot b8 dirèctly attributsd to these calegorfes, overhead costs are apportloned on the followlng basis, based on space oocupi8d. Provlslon of care {charilable actvidesl 95% Management and admlnlslrallon (governance c08ts) 5% 2.5 Taxatlon The Company Is consldered lo pa88 the tests sel out In Paragraph 1 Schedule 6 of the Finance Act 2010 8nd therefore il meets the deflnlllon of a ch8rllable company for UK corpor81ion lax purposas. Accordinglyi the Company18 polenliBlly exempl from taxation in respect of Income or capStal gains raceived vllhin cal8gories CA)vered by Ch8pl8r 3 Part 11 of the Corporallon Tax Act 2010 or Section 256 of the Taxation of Chargeable Galns Act 1992, to the extent Ihal such Income or g81n8 ar8 8pplled 8xdusively to charitable purposes. 2.6 lThv•stmen¢8 Investments held as fixed assets are valued al tho mld-markel value al the balance 8heet d8te and the gain or loss on disposal taken lo the Slal8menl of FSnanclal AcllvS1Ses. 2.7 stockg Stock conslsts of food and deanlng molerlels and 18 Valued al tho lower of cost and net realisabl8 value. 2.8 Unr•#trictod funds unrestet8d funds comprfse donallons and other voluntary Income roceivable or gen8rated for the obl8c18 01 the tharity and are avallable as general funds. 2.9 Doslgnated funds These are unroslricted funds earmarked by the truslaes for a particular purpose. 2.10 RtrIcted funds Restricted funds are Ic) bè used for specific purposes as lald down by the donor. Expenditure which meets these Griteria is appll8d to the fund together wfth a falr albcatlon of manag8ment 8nd support costs where applicable. 2.11 Debtors Trade and other debtors are recognlsed at the setuemenl 8mount after any trade discount offered. Prepayinenls are valued at the amount prepaid net of 8ny trade discounts due. Page 16
ROYAL CAMBRIDGE HOME LIMrrED IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ounting pollcleJ {contlnuedl 2.12 Cash at bank and In hand Cash at bank and in hand indudes cash and short-temi hlghly Ilquld Inv8slments wlh a shcxt maturity of three months or less from th8 dale of acqulshion or opanlng of th8 deposit or similar account. 2.13 Llabllttlgs and provlslons Llabllltles are recognis8d whan there Is an obllgatlon al the Balance Sheet data 08 8 r8suIt of 8 past event, it is probabl& that a transfer of economlc benefll 11 be requlred In settlement. and the amount of the settlement can be eslimaled reliably. Liabi1Slles are recognSsed al the amount that the Company antiapales il will pay to Settle the debt or th8 8mounl11 has received as advanced paymènts for the goods or servSces il musl provide. Provisions are measured al the bast e8llmale of the amounts requlred to settle the obllgation. Where the effact of the IITne v81ue of money15 material, Ihe provlslon 18 based on the present value of those amounts, discounted 81 th8 pre-18x dlscounl rale that reflects the risks sp8cilic lo the Ilability. The unwlndlng of the dSscount Is recognl8ed In the Ststemenl of FinancSal Aclivitles as 8 fin8nGa cost. 2.14 Flnanclal Instrurn•nts The Company only has finand818SS818 and fin#ncl81 Ilabllllles of a klnd that quallfy as baslc financial in8trumonls. B88ic flnanclal InslTurn6nls ar8 Inlllally recognlsed al transaction value and subsequently me8sured al Ih8lr 8etUem8nt value with the exception of bank loans whlch aTe sub8equenlly me88ured at amortlsed cost uslng the effective interest method. 2.15 Operntlng laa*èi Renta18 pald under op8r811ng 1888es 8rg tharged lo th8 Stslement of Financlal Adiv(Ile8 on a 8trolghl-Ilne b8818 over the leasa term. 2.16 P•n4lons The Company operates o defined conlrlbutlon penslon scheme and the penslon charg8 represents the amounts payable by th8 Company to the fund in raspact of the year. 2.17 Fund accountlng GenBral funds are unre51rKled funds which are avallable for use at tha discretion of the Trustees in furtherance of the general objectSves of the Company and which have not been deslgnatsd for other purposes. Restricted fvnds are funds which are to be used in accordance speciNc reslricllons Imw8ed by donors or which have been raised by Ihe Company for particular purposes. The costs of raising and administering Such funds are charged against the spacilic fund. The aim and use of 88ch reslrictsd fund is sel out In the notes to the financlal statements. Investment Income, gains and10688s are allocated to Ihe appropriate fund. Page 17
ROYAL CAP4lBRIDGE HOME LIMITED (A COMPANY LIMITED 8Y GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles (contlnuad) 2.18 Expendltum Expgndllure is recognlsed once there Is 8 legal or constructwe obligalN)n lo transfor econornlc benefrt lo a third party, 11 is probable th81 a transfer of economic benefits wlll be required in settlement Bnd th6 amount of th8 obligation can be m8asured reliably. Expenditure Is classlfied by 8cUvlty. The costs of each activty ara made up of th8 total of dlrecl costs and shared costs. Includlng support costs involved In undertaklng each oclivlly. DSrècl costs attributabl8 to a slngle activity are all¢xat8d directly lo that aollvity. Shared costs which conlrfbute to more than one aCvIty and support costs which are not attributable lo a 8Ingle actlvity are apportioned beheen those activities on a basls conslstenl th th8 use ol resources. Central staff costs ale albGgted on the basls of tlme spent. and depreciation charges allocated on th8 Portlon of the asset's use. Expendlture on r8lsing funds inclutJ8s all èxpendityre incurred by the Company to ralse funds for Its ch8rlt8ble purposes and include8 Costs of 011 fundraising 8cllvllles events and non<harilable trading. Expenditure on charltsb16 aCtltIeS Is IncUed on dlreclly undertaking the acllvhl88 thlch further Ihe Comp8nl8 objectives, as well 88 any 8ssoclaled support costs. All expendlture Is Incluslve of Irrecoverable VAT. 2.19 Depraclatlon of tanglble flxed as•ets Tanglbl8 fixed as881s are carrled al cost, n81 of depr8ciatlon Bnd any provl8lon for Impalrmanl. Depreci81bn 18 provided al rates calculated lo write off tho costs of flxad a88els, less Ih8lr eslSmalod resldual value, over their expected useful lfves on the following bases.. Fumlture and flttings Equlpmenl Computer equSpm8nl 10Vo 25V. 33% other fixed 88sets conslst of the costs Incurred In relation lo oblaSnlng planning p8mils81on for thè development of the new home. They ar8 not depreciatad until th8 888el is In use. Assets are normally capltallsed wher8 th8 purchas8 prlc* exceeds £500. A88ets brought In the final month of finanGlal year end are r1 depreciated unlll the n8Xt y8ar and accounts. Crltlcal accountlng e8tlmat•g and areas of Judgment Estimates and judgments are continually evaluated and are based on hlstorlcal experience and other f8clor5, Including expectations of future events that are belioved to be reasonable under the circumstances. Crftlcal accountlng estimates and 8S8umpllons- In prior years, the Charlly has been glfted a number of pleces of arNvork by donors. The alrk compAses one off pieces whose v81ue cannot be easlly do18miined. Due te the dlfficulty in assigning a value lo the athrk, the Trustees are not ablo to reliably measure their fair valu8. As such, no a88et ha8 been recognisfjd in the financial statements. Page 18
ROYAL CAMBRIDGE HOME LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 fvIARCH 2025 Income from donatk*ns and legacl88 Restrfcted fijnds 2025 Total fund8 2025 Total funds 2024 Oonallon8 2,738 2,738 1,011 Income from charftabl• •ctlvltlos Unrestrlcted funds 2025 Totsl funds 2025 Total funds 2024 Resldentl81 Gor8 fae8 1.555,313 1,555,313 1.241,720 Income from othar tradlng acllvltle8 Incomo from lundralslng •v•nt• Unrestricted funds 2025 Totsl funds 2025 Total funds 2024 Raffle & Events 350 350 InveJtment Incom• Unrestrlcted fun(is 2025 Total funds 2025 Total funds 2024 DIMdend income 1,856 1,856 1,461 Page 19
ROYAL CAMBRIDGE HOME LIMITED {A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 othor Incomlng regourceB Unrestricted funds 2025 Total funds 2025 Totsl funds 2024 Bank Intsrast received 3.425 3,425 831 Investment manag•ment costs Capltsl fund8 2025 Totsl funds 2025 Totsl funds 2024 Portfolk) managemenl costs 311 311 290 10. An•lysl8 of oxpondlture by a¢tlvltl•• The charity undertake8 on prlnclpal actfvlty only, bairya the prowslon of care home servlces. ActfvSlles undert8ken dlrectly Support costs 2025 2025 Total fund8 2025 Total fiJnds 2024 Care home acllvltles 1,506,412 283,594 1,790.006 1,233.123 Page 20
ROYAL CAMBRIDGE HOME LIMITED {A COMPANY LlkllTED 8Y GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. Analysis of expendlture by octivitles (contlnued) Analys18 of dlrect Costs Total fijnds 2025 Totsl fund8 2024 ACtltIeS 2025 Stsff costs Depred8llon Agency stsff Messlno Woler role8 Repalrs & gaTdgn m8lnl8nanc8 881,628 13,589 149,872 91,711 11,183 84,192 881,628 13,589 149,872 91,711 11.183 84,192 629,081 32,720 55.783 85,510 8,473 51,332 k iii Llghl & h88t Insurance Cleaning & w8818 removal CQC reglstrallon fees Advertlslng Hiro of equlpmènl Stsff rgorultment Stsff tr8inSng Care of residents Residents, enlertalnlng 106,153 30,158 42.058 5,882 7,144 15,340 9,889 12,330 35,592 9.691 106,153 30,158 42,058 5,882 7,144 15,340 9,889 12,330 35,592 9,691 55,691 24,066 29,856 8,438 745 10,974 1,238 6,640 28,561 11,738 1,506,412 1,506,412 1,038,846 P8ge 21
ROYAL CAMBRIDGE HOklE LIMtrED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. Analysis of expendlture by activitles {contlnuedl Analy818 of #upport CO8t8 Totsl funds 2025 Totsl funds 2024 AGlfvii18S 2025 Staff costs Motor & trav81 Staff entertalnment PrSnling, postag& & slallonery Telephone General 6xpenses Bank charges Legal & professional fees Computer and website expense8 Governance Gosls 197,700 1,192 6,712 7,756 4.508 13,105 1,274 14,149 15,478 21.720 197.700 1,192 6,712 7.756 4.508 13,105 1,274 14,149 15,478 21,720 132,114 7,873 3,789 1,203 9,993 1,098 11,407 10,766 14,034 283,594 283,594 194,277 11. Audltorf8 r•muneratlon 2025 2024 Fees payabl8 lo the Companys 8udltor for the audlt of the CompanV8 annual account 6,050 5,500 F888 payable lo th8 Compan8 audllor In r8SP8GI of.. All non-audil sarvlces not included above 11,470 8,520 Page 22
ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Staff cost8 2025 2024 W8ges and 8alarles Soci81 s6curlty costs Contrfbution to deflned conlrlbijllon penslon 8themes 985,912 73,915 19,501 698,957 48.850 13,388 1,079,328 761,195 The averaga number of parsons emptoyad by the Company durlno the yeor was as follows.. 2025 No. 2024 No. Resldentlal care Management and adminlslrgtlc 43 35 47 The number of employee8 who88 employee benefl18 (excludlng employer pgnslon co818) exceeded £60.000 wa8: 2025 No. 2024 In the band £80,001- £90,000 Key management per80nnel remuneration totslled £81.22212024- £58,400). 13. Tru•tees' r•munerntlon and oxpen8os During th8 year, no Trustees received any remuneratlon or other b•nefils12024- £NIL). Durfry the year ended 31 March 2025. no Trustee expenses have bean Incurred {2024- £NILI. Page 23
ROYAL CAMBRIDGE HOME LIMITED {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Tangible flxod assets Plant and machinery Motor v6hlcJes Flxtures and Computer fittings equlpmenl Oth8r flxed Totsl Cost or volu•tlon Al 1 Aprll 2024 Addltlons Transfers Intra group D58P08als 18,005 31.772 317,239 44,034 9,848 396,525 807,575 9,848 1396,5251 1396.5251 {389,1261 118,005) (317,2391 (53,8821 Al 31 March 2025 31,772 31,772 Dttpmclatlon Al 1 April 2024 Charge for the year On disposals 18,005 31,772 248,357 10,314 {258,671) 37,296 3,275 140,5711 335.430 13,589 1317,2471 118,0051 Al 31 M8rch 2025 31,772 31,772 Net book valuè Al 31 March 2025 Al 31 March 2024 68,882 6,738 396,525 472.145 Durlng the year, the Parent Charlty demoll8h8d its pramlses, whlch the Company occuplas. Assat8 of the old premises, Includlng plant, fumllure. and Gompulors, had a nel book value of £468,404 at the Ilme of demolillon, whlch Included £396,525 of c8pllalSsed development costs for the new care home. The total loss on disposal was transferred to tho Parent Chartty, whlch owns the new bullding and has recognlsed th8 new assets in its accoun18. A8 a r6suII, the loss does not appear in th8 Companls Statement of Financial Aclivilles. Page 24
ROYAL CAMBRIDGE HOME LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. Investments 2025 2024 Market value brought forward Acquisitions al cost Sales proceeds from dlsposals Brokerfs management fees Increa8elld8cr8asel in cash dop081t8 Increasellde¢re8s8 Iln marf(et value In th8 yaar 55,186 5,252 {5,047} 13111 1205) 1.234 $0,323 2,240 (2901 12,2401 5,153 Mark•t valu• carrl•d forw•rd 56,109 55,186 2025 2024 Market value of Inv•$tm•nt8 by cla••: UK Flxgd Interest 8ond8 UK Equltles Non UK Equitles Altemat8 Assets Cash daposlls 5,017 12,574 34.858 3,361 299 7,793 15,562 27,646 3,744 441 56,109 55,186 Investments are included at falr value. Quoted Inv88tments are valued al the Gbslng m8rkel prfce at the balance sheol dalo. l investments 8re cla881fied 8s Level 1 In the falr value hler8rchy, 88 the valuation18 based on quoted prices In acllve markets for idenllcal assets. The net galn or Ioss 8rlsing on revalu8llon of Inveslmenls durlng the year has been Included In the Statement of Finarbcial ActlvllSes under'Gainsl{lossesl on Investments.. Page 25
ROYAL CAMBRIDGE HOME LIMrrED (A COMPANY LIMrrED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Fixed •588t Investments Tr8d8 Investments Cost or v•luJtlon At 31 March 2025 56,109 N•t book valu• At 31 March 2025 56,109 Al 31 March 2024 55.186 17. Stock• 2025 2024 stock of food and cleanlng maleda18 3,454 2,669 18. D•btorn 2025 2024 Due wlthln ona year Trade debtors Amounts owed by group undertaklngs Oth&r dabtors Prepayments and acLrued income 175,336 103,134 37,871 1,1 32,971 3.643 47,954 226.933 174.876 Page 26
ROYAL CAMBRIDGE HOME LIMITED (A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Crodltors.. Amounts falllng due wlthln one ya8r 2025 2024 Trade creditors Amounts owed to group undortaklngs Other t8xatson and social security Penslon fund108n payable Other credrtors Accruals and deferred Incom 50,460 402,819 22,224 4,348 2,538 182,445 229.100 17,797 1,969 4,705 139,496 664,834 393,067 Deferred Income relates lo car8 fees for seMce5 to be provlded In Aprll 2025. whlch were involced In March 2025, prlor lo tho year end of 31 March 2025. Tha Income wlll be recK)gnlsed In the perSod in whlch the related care seNce8 are delivered. 20. Flnanclal InBtruments 2025 2024 Flnanclal asset• Flnancial assets maasured 81 falr value through Sncome and expendlture 56,109 55,186 FSn8ncial assots measured al falr value through Incxjme and expendlture comprlse Inveslmenls held lo generate relurns lo support the ChartS acllvilles. The Inveslmonls are staled al market value al th b8lance sheet date. Pag8 27
ROYAL CAMBRIDGE HOME LIMrrED (A COMPANY LIMrrED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21. Staloment of fund8 Currant y•ar Baiance 8t 1 Aprll 2024 Gainsl (Loss8s} Balance al 31 March 2025 Income Expenditure Unrn8trlcted fvnds Ganeral Funds 357.349 1,560,944 (1,790,006) 128,287 Endowmanl fund• Endowment Funds- all funds 55,186 13111 1.234 56,109 R•8trlct•d fund• Re8tr1cled Funds - all fund8 12,973 2,738 15,711 Tolal of lund• 425.508 1.563,682 {1,790,317) 1,234 200,107 Page 28
ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21. Statement of ndS Icontlnued) Prlor year Balance al 31 March 2024 Balance at 1 April 2023 Transfers inloul Gainsl (Losses) Income Exp8ndltur8 Unrestrict8d funds Gamral Funds 346,460 1,244,012 11.233,1231 357,349 Balance al 31 March 2024 88lanc8 al l Aprll 2023 Transfer8 Inlout Galnsl (Lossos) Income Exp8ndltur8 Cjpltal fund• funds Endowment FLtnds all funds 50,323 12901 5,153 55.186 Balance al 31 March 2024 B8lance al 1 April 2023 Transfers Inlout G81nsl {Lossesl Income Expendllur8 Ro8trict8d funds R8strlct6d Fund5 all fund¥ 11,462 1.011 500 12.973 Total of fund• 408,245 1.245.023 {1,233,413) 500 5,153 425,508 Page 29
ROYAL CAMBRIDGE HOME LIMITED {A COMPANY LIMrrED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2025 22. Summary of funds Current y•or Balanc8 al 1 Aprll 2024 Galnsl (Losses) 8alance At 31 March 2025 Income Expendlture General funds Endowment fund8 Restrlcled funds 357,349 55,186 12.973 1,560.944 {1,790,C(J61 13111 128.287 56,109 15,711 1,234 2,738 425,508 1,563,682 11,790,317) 1,234 200,107 Purposm of restrlcted fund¥ Que8n Mary's Fund The fund Is lo flnanc8 enlertalnmenl. outings and luxury Ilemg for the resklent8. Prlor yo•r Balance al 31 March 2024 Balance 8t 1 Aprll 2023 Tr8nsfers Inloul Galn81 (Lossès) Income Expendliure General funds End¢)wment funds Reslricled funds 346,480 1,244,012 (1.233.123) 357,349 50,323 11.462 (2901 5.153 55,186 12,973 1,011 500 408,245 1,245.023 (1,233,413) 500 5,153 425,508 Page 30
ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 23. Anatysis of net a88Ot8 between fund3 Currant yoar EndovMenl funds 2025 Restrted Unre8lrlcted fund8 funds 2025 2025 Total funds 2025 Trade Investments Current assets Credltor8 due h1n one year 56.109 56.109 793,121 808,832 1664,8341 1664,834) 15,711 Total 56,109 15,711 128,287 200,107 R•conclllatlon of net movement In fund• to net ca•h flow from oporntlng actlvltl•s 2025 2024 Net Incomelexpandllure for tho year las per Statement of Flnanclal Actie8) (225,401} 16,783 Adjustments for.. Depreciatlon charg88 Interest received Losse8 on Investments DlvSdends, Inter8818 and rents from Inv88trnenls Portfollo feas Incr8888 Sn stock8 Increase Sn debtors Increaselldecreasel Sn creditors Introduce of Capltal fund 13,589 13,4251 11,2341 11,856> 311 {785} (89,727) (131,051) 32,719 18311 (5.1531 (1.4611 290 (20,6521 47,379 791 Net cash provlded byl(u8•d Sn} operatlng actlvlti 1439,5791 69,845 Analyslj of cash and cagh equlvalents 2025 2024 Cash in hand 578,445 113,699 Page 31
ROYAL CAMBRIDGE HOME LIMED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 26. Analysls of changes In not debt Al 1 Aprll 2024 Ai 31 March 2025 Cash w5 Cash at bank and in hand Debt due wllhln l year 113,699 (1.9691 464,746 (2,3791 578,445 14,3481 111,730 462,367 574,097 27. Rol•t•d party tian¥actlon8 The company Is a wholly owned subsidiary of The Royal Cambrldge Home. In accordance th Secllon 331IAI of the Companies Act 2006, the Company has tsken advantaoo of the exemption from disclosing tranSacon$ whh other wholty owned group m¢3mbers. 28. P•nslon cornmltment• The company operAtss a defined contribution pension scheme. The assets of the scheme are held 8epar81ely from thos8 of the group In an independ8nliy admlnislered fund. The penslon c081 chargè r8pres$nls contrlbullons payable by the company lo the fvnd and amounted to £19,501 (2024 - £13,388). £4,348 {2024 £1,969) of Gonlrlbutbns war8 payable to the fund 8t the balance sh1 dale and 8re Included In creditors. Oporatlng 1oa•a commltment8 Al 31 March 2025 the Company had commltmenls to make future mlnlmum18ase payments under non- an¢e118ble operatSng l&a8as os follows.. 2025 2024 Nollater than 1 year Later than 1 year and not later than 5 ygars Later than 5 years 18,818 54.943 15,228 86,989 350 The follong lea88 payments hav8 been recognised as an expense in the Ststement of Flnandal Aclivlllès.. 2025 2024 Operating lease r8ntsls Page 32
ROYAL CAMBRIDGE HOME LIMITED IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 P41ARCH 2025 30. Controlllng party The controlng paty is The Royal Cambridge Home a reglstered charity no.. 225674. The Parent chority is a non-trading chority estsblished to hold and oversea Its ch8rSt8ble $ubsldlarfes. Ils aGtiville5 are limited lo Investment management and providing slralggic and gov8rn8nce overslghl. The Parent charity controls the subsidiary as ils sol& member, enabllng it lo appjlnt thè sub8idi8rls trustees and dlrecl Its 51ralegic, financial, and operallonal daclslons in line whh Its charhable obleGtlves. The p8renf8 consolidate(18ccounts can be obtslned from 84 Hurst R08d, East Molesey, l(r8 9AH. Page 33