Charity reg15tration nurnber.. 204859 RIDGEGATE HOME ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
RIDGEGATE HOME REFERENCE AND ADMINISTRATIVE INFORMATION Trustees R Coker L Gent B Gilbert lappointed 9" May 20251 A Khan l Yogarajah Senlor management tèam S Tobin, Registered home manager (until 31, May 2D251 K Mcmanus, home mana8er15ince 15, Decernber 20251 A B81lantyne A Gates Charlty number 204859 Principal address 88 Doods Road Reigate Surrey RH2 ONR
RIDGEGATE HOME CONTENTS Pages Trustees, report Independent audlto¢s rèport Statemont of flnancial act5vitieS Slatement of flnanclal posltlon io Statement of cash flows li Note5 to the financlal statements 12-20
RIDGEGATE HOME TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustee5 present their report and financial staternents of Ilidgegate Horne I'the charity I for the year ended 31 March 2025. In preparing the financial staternents the trustees havè adopted the provisions of Accounting and Reporting by Ch8rities.. Statement of Recommended Practice applicable to charities and have prepared the aoUntS in accordance with the Financial Reporting Standard 3pplicable in the UK and Republic of Ireland. What we aim to do.. our oblettlves and activities The primary objertive of the charity under the Trust Deed is to provide care and relief of the elderly by way of a residentlal care home or homes. There have been no material changes to this objettive. Slgnlflcant aCtltIeS To help achieve its primaty objettive, the charity offers iesidents secure and corTilortable surroundings within which they 3re free to lead an independent life as much as they wish. To encourage residents to get the most enjoyment from their day-to-day life at the home the charity offer% daily enrertainment and exertise activitie5 35 both mental and physical 5tirnulation. The charity relies on income from fees and charges to defray its operating costs, ènd, in setting the level of fees, works closely with local authorities to make sure good quality care is offered al an affordable price, whether for full-time care, short terrn day care, respite care and end tsf life care. It can be diff icult to provide a measure as to whether the performance of the charity 15 meeting its objectives. however, the truste are encouraged by the frequent positive feedback received frorn residents and their families, a5 well 35 local dottors, community nurses and CQC inspections. Publk benefit In exercising their powers and duties the trustees have complied with their duty to have due regard to the Charity Commlssion guidance on public benefit and specific guidance for fee-charging charities. Stru¢turei governance and management Governing document and structure Ridgegate Home is an unincorporated body constituted under the charity's governing trust deed dated 29 July 1946, as amended by the Replacement Trusts on 29 january 2024, and is re4lStered with the Charity Commisslon, number 204859. Organisation The charity Is overseen by a board of triJ5tees, who hold office for 3 years and who can present themselves for re-elettion, with new trustees being appointed following invitation and mentoring from the existing trusteès. The board meets formally every two months, to discuss a full range of matters pertaining to finance, fabric of the estate and the administration of the charity, with matters arising between meetings generally dealt with by the Chairper50n, with due delegated avthority, who reports back at the following meeting. Day-to-day operational control is vested in the registered home mènager.
RIDGEGATE HOME TRUSTEES, REPORT FOR THEYEAR ENDED 31 MARCH 2025 Key management personnel pay The trustees together with the registered home man3Ber, deputy manager and charity administrator comprise the key management personnel of the charity. Key management remuneration is Set by the trustees and reviewed on an annLJal bas15. Rlsk ststement The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate Controls are in place to provide reasonable assurance against fraud and error. The trustees considerthat the major risks to which the charity is exposed fall into four main areas described as follows". Ensurin8 high levels of occupancy- the management team work hard to ensure a high level of resident satisfaction, leading to greater referrals, as well as increasing marketing such as through leaflets. social media and additional business networking. The management team additionally expanded the Home'5 offering to offer Increased respite CaFe for those needing care home setvice5 on a temporary basis. Ensuring consistent and appropriate staffing levels- as with other care homes, staffing can be a challenge with competition to recruit care staff from other sectors. Given staffing is 8 significant portion of the Home's Costs, fluctuations can also create financial uncertainty forthe charity. The manaEement team have worked hard to reduce reliance on 3@ency staff ificludtng by working with new recruitment a8encies that have taken time to understand the charitvs needs. The managementteam additionally striveto provide 3 warm, supportive and welcoming environment with a thorough induction and regular training for staff, ensuringthe charrty is an attractive place to work. Navigating the increasing levels of legislation and regulations in the care home sector the nagement team have sought to put in place a robust training program tr) ensure staff are up to date with the latest requirements as well as seeking recruitment of trLJStees for ihe charity with expertise in this pBrti¢ul2r area to provide oversight. Maintenance of the charity property - the age of the building means that there are continual maintenance and upgrade requirements. The charity embarked on a significant refurbishment programme in 2023 to modernise rooms and common areas of the building. Maintenance work Is also undertaken on a continual basis to ensure the upkeep of thi5 work and to keep ahead of further malntenance needs. Based on the above, the trustees are happy that there are sufficient procedures, policies and systems in place to manage and mitigate identified 1i5ks. Athievements and performance Charltsble artivitie5 The chkrity proviiles 24-hour residential Care for older people, including 311 aspects of care from nutrition, hydration, personal care, cleaning, and laundry to a strong alld varied activities program. The establlshment has 22 rooms, 19 with ensuite facilities as well as communal lounges ar)d administratlon offices.
RIDGEGATE HOME TRusfEES' REPORT FOR ThEYEAR ENDED 31 MARCH 2025 The charlty continued to be Tated as "Good" by the Care Qu3lity Commission ICQCI. In accordance with Its objettives, the charity constantly strives to provide residents with the opportunity to live in cornfortable SLJrroundings, in a reSaxed and Secure family-like environEllent, while providing the degree of care necessary to enhance each resident's quality of life. The charivs philosophy is based on offering the core values of privacy, comfort, dignity, independence and choice and rights. It is monitored by the Registration Office for Surrey County Council, and a great deal of time is spent on health and safety issues to comply with statutory and other legal requirements. With the age demographic of the hoffle, inevitably there will be occupancy fluctuations from time to time which impacted occupancy during the period under review. Having undertaken a significant program of refurbishment of the residents, rooms and commun31 areas, focus duringthe year was on maintaining the upkeep of ihe property, with the continued 8031 of ensuring Ihe home 15 a modern and comfortable establishment. As with previous years recruiting staff can be a challenEe, in line with other local care homes. However, the senior management team have been successful in sourcing 3nd recruiting staff at all levels, which is reducing overall staffing Costs and reliance on the use of agency staff. Fundralsln8 activities The charity has not carried out any fundraising events during the year. Future plan5 The priorities and efforts of the trustees and senior management team are always to maintain the "Good~ CQC rating by providing a safe and welcoming living environment for the residents, and secure workin8 conditions for staff. This will go toward5 ensuring high occupancy of the home. On-going and regular upgradlng of the facilities available in both resident%, rooms and general rooms will ensure comfort for residents and compliance with regulations. There is great emphasis placed on the vital issue of staff training, by which all staff are encouraged to develop their ski115 and qualifications, which a150 helps to protert the reputation of the home. The trustees would like to thank all those many individua15 who have supported the charity over tt)e past year. Flnanelal revlew The full financial attivities for the year unde¥ review are shown on pages 9 to 20. Thè charity's incoming re50ur¢es from its charitabSe activities were in deficit to outgoing resources by £4,136 12024.. surplus of £149,023>. Incoming resources included local government grants of £NIL12024.. £5,500). Together with an unrealised gain of £12.59512024'. Loss £4,577) in investment funds, an overall surplus of £8.459 was achSeved for the year12024.. f 144,4461. As a result. tot31 funds at 31 March 2025 were £752,468 12024.. £744,009).
RIDGEGATE HOME TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Going concern Each year. the trustees must stste whether or not the annual accounts have been drawn up on a going concern basis Isee the accounting policy note 1.2 on page 121. Going concern is the assumption that the charity has the resources {financial or otherwise) needed to continue operatlng for the foreseeable fijture and, in particular, for at least 12 month5 from the date of approval of these financial statements by the trustees. Having reviewed the financlal forecasts for the next year, the trustees are of the opinion that the charity's assets are sufficient to meet its current obligations, and the assets and reserves held will allow the charity to continue with its objectives. Investment pollcv The trustees revlew their pollcy for investing funds from time to time and remain of the view that general unit trusts desi8ned for the charity sector remain the most appropriate investments. The investments are acquired in accordance wlth the powers of the trustees as contained in the trust deed. The trustees currentty do not take social, environmental or ethical considerations into account in their investment policy. Trustees The trustees and governors who Served during the year were: Ms R Coker Ms L Gent Mrs S Brankin Mrs J Yogarajah Ms L Munro Mr N Leggett Mrs C Fraser MrA Khan Resigned 13 Septernber 2024 Appointed 24, May 2024 Resi8ned 28, June 2024 Resigned 26th April 2024 Appointed W June 2024 and resigned 13th September 2024 Appointed 18 July 2024 The trustees, port was approved by the Board on .13.. January 2026 Trustee . J. Yogarajah. Chairperson
REPORT OF THE INDEPENDENT AUDITORSTOTHE TRUSTEES OF RIDGEGATE HOME Opinlon We have audited the financial statements of Ridgegate Homes Ithe 'charity'l for the year ended 31 March 2025 which comprlse the Statement of Financial A¢tivitie5, the Balance Sheet, the Cash Flow Statement and notes to the flnanclal statements, including a summary of significant accounting policies. The financial Yeporting framework that has been applied in their preparation is applicable law and United Kingdom Acrountin8 Standards Iunited Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incomin8 resources and application of resources, for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Rèporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,: and have been prepared in accordance with the requirements of the Chaiities Act 2011. Basls for opinlon We condurted our audit in accordance with International Standard5 on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those st3ndard5 are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethlcal requirements that are relevant to our audit of the financial statement5 in the UK, Including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a ba515 for our opinion. Crmcluslons relatlng to going COnM In auditSng the financial statements, we have concluded that the trustees. use of the goin8 concern basis ol èctounting in the preparation of the financial statements 15 appropriate. Based on the work we have performed, we have not identified any material untertainties relating to events or condltions that, individually or collectively, may c35t significant doubt on the charity's ability to continue as a 8oin8 concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responslbllities and the responsibillties of the trusteès with respect to going concern are described in the relevant sertions of this report.
REPORT OFTHE INDEPENDENT AUDITORS TO THE TRUSTEES OF RIDGEGATE HOME Other Infomiatlon The trustees a responsible for the other information. The other information cornprises the information included in the Annual Report, other than the financlal st3tetnents and our Report of the Independent Auditors thereon. Our opinion on the financi31 st3tement5 does not cover the otheT information and, except to the extent otheN4ise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audlt of the financial statements, our responsibility is to read thè oiher information and, in doing so, consider whether the Cpther information is materially inconsistent with the financi31 staterrents or our knowledge obtained in the audit or otherwise appear5 to be materially misstated. If we identify 5Uth material inconsistencies or apparent material mi55tatement5, we are required to determine whether this gives rise to a material misstatement in the financial statements themselve5. 11, based on the work we have performed, we conclude that there is a material mi5Statement of this other information, we are requlred to report that fact. We have nothin8 to report in this regard. Matters on whlch we are requlred to report by exception We have nothing to port in respett gf the following rnatters where the Charities (Accounts and Reports) Regulation5 2008 requires us to report to you if, in our opinion.. the information given in the Report of the Trustee5 is inconsistent in any material respect with the financial statements., or suffrcient accounting records have not been kept- or the flnancial statements are not in agreement with the accounting records and retÉJrn5,' or we have not received all the information and explanations we require for our audit. RespoDslbllltles of try5tees As explalned more fully in the St*ement of Tru5tees' Responsibilities, the trustees arÈ responsible for the preparation of the financial statements which give a true and fair view. and for such internal control as the trvstees determine is necessaryto enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparlng the flnancial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and usin@ the going con¢ern basis of accounting unle55 the trustees either intend to liquidate the Charity or to cease operation5. or havè no realistic alternative but to do so.
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF RIDGEGATE HOME Our responslbilltles for the audit of the financlal statements We have been appointed as auditor5 under Settion 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are frèe from material misstatement. whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a hiBh level of assurance, but is not a guarantee that an audit conducted in 8ccordance with ISAS IUKI will always detect a material misstatement when it exists. Misstaternents can arise from fraud or error and are considered material if, indlvidually or in the aBgregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedure5 are capable of detecting irregulaiitles, iniluding fraud is detailed below-. We identified the laws and regulations applicable to the charity through discussions Wlth the trustees and from our knowledge and experience of the tharity settor., We focused on specific laws and regulations which we considered may h3ve a direct material effect on the fInancal statements or the operations of the charity. including the Charities Act 2011, taxation legislation and data protertion, anti-bribery, employment and health and safety legislation.. Additionally, we assessed the su5¢eptibility of the charity's financi31 statements to material rrisstatement, includlng obtaining and understanding how fraud might occur bv.. making enquire5 Wlth trustees as to where they considered there was susceptibility to fraLJd, their knowledge of actual, 5U5pected and alleged fraud,. and considerlnE the internal controls in place to mitigate risks of fraud and non-compliance with law5 and regulations. Afurther description of ourresponsibilitiesforthe audit of the financial statements is located on the Financial Reportlng Council's website at www.frc.org.uklauditor5responsibilities. Thi5 description forms part of our Report of the Independent Auditors.
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF RIDGEGATE HOME Use of our report This report Is made solely to the charitV'S trustees, as a body, in accordance with Part 4 of the Charities IAccounts and Reports) Regulations 2(N)8. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report. or for the opinions we have formed. GBJ Financial Limited Statutory Auditor Sterling House 27 Hatchlands Road Redhill Surrey RHI 6RW Date: ..£.f.. January 2026
RIDGEGATE HOME STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Note Unrestricted funds Total 2025 Total 2024 Income from: DonatlOn5 and legacies Residentlal care char8es Investments 4,735 1,020,029 16,652 4,735 1,020,029 16,652 9,820 1,110,052 14,199 Totsl Incomè 1,041,416 1,041,416 1,134,071 Expendlture on: Residential care costs Governance 1,029,394 16,158 1,029,394 16,158 961,823 23.225 Totsl e¥pendlture 1.045.552 1,045,552 985.048 Net gainsl losses on imiestments 12.595 12,595 14,5771 Net income lexpenditurel 8,459 8,459 144,446 Net movemeni In funds Total funds brought forward 8,459 744,009 8,459 744,009 144,446 599,563 Total funds carrled forw?rd 752,468 752.468 744,(M)9 The statement of financial activities includes all gains and losses recognlsed in the year. All Income and expenditure derive from continuing activities. The notes on pages 12 to 20 form an inteÉral part of these financial statements.
RIDGEGATE HOME STATEMEKf OF FINANCIAL POSITION AS AT 31 MARCH 2025 Note 2025 2024 Flxed assets Tangible assets Investments io li 281,826 227,544 293,944 214,949 509,370 508,893 Current assets Debtors Cash at bank and in hand 12 24,241 333.450 9,620 358,336 357,691 367,956 Cred¥tor5: amounts falllnz due within one year 13 1114,5931 1132,8401 Net current assets 243.098 235,116 Totsl assets less current Ilabilitie5 752,468 744,009 Net assets 752,468 744.009 The funds of the charity Unrestritted funds 752,468 744,009 Total charity fufftds 752,468 744,009 The financial statements on pages 2 to 20 were approved by the trustees on..... on thelr behalf by.. January 2026 and signed rtk.fy R Coher, Trustee The notes on pages 12 to 20 form an integral part of these financial statement
RIDGEGATE HOME STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Note 2025 2024 Cash flows from operatlnB a¢tivitie5 Net cash lused inl provided bv operating activtties 14 141,5381 201,794 Cash flows from I¢Sting actlvltles Dividends and interest from nvestments Purchases of fixed assets 16.652 14,199 126,3991 Change In cash and cash equivalènts 124,8861 189.594 Cash and cash equivalents at the beginning of the year 358,336 168,742 Cash and cash equlvalents at the end of the year 333,450 358,336 Represented by Cash at bank and in hand 333,450 358,336 All of the cash flows are derived from tontinuing activities. The notes on pages 12 to 20 form an integral part of these financial statements. li
RIDGEGATE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountin8 poIiciÈs Charlty Infomiatlon Rid8e8ate Home is an unintorporated charity. 1.1 Basls of PTèparin8 the fInala1 statements The financial statements of the charity. which is a public benefit entity under FRS 102, have been prepared under the historical cost convention, as modified by the revaluation of investments to fair value, and In accordance with the Statement of Recommended Practice". Accounting and Reporting by Charities preparing their actounts in accordance with the Financial Reporting Standard applicable in the UX and Republic of Ireland IFRS 1021 issued in ottober 2019, the Financial Reporting Standard appllcable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK generally accepted practice a5 it applles from l January 2019. 1.2 6oln8 concern At the time of approving the financial ststements, the t¥U5tees have a reasonable expectation that the charlty has adequate resources to continue in operational existence now and lor the medium terrn, ad that its fsn3ncial posltion remains satisfactory. The trustees contir)ue to adopt the goiiig concern basis of accounting in preparing the financial statements. 1.3 Fund accountlng The reserve fund5 held by the charity are unrestritted funds. which 8re avallable for use at the discretion of the trustees in furtherance of their charitable objective5 unle55 the funds have been designated for other purposes. 12
RIDGEGATE HOME NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 The prfnclpal accounting poll¢les adopted. judgements arkd key sources of estimation uncertainty in the preparation of the fin3ncial statements are as follows-. 1.4 Incomln# resources Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it Is probable that income will be reiVed. Cash donations are recognised on receipt. Other donations are recognised once the charity ha5 been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds o* covenant is recognised at the time of the donatlon. Legacies are recognised on receipt or otherwise if the charity h8s been notified ol an impending distribution. the amount 15 known, and receipt is expected. If the amount is not known, the legacy is treèted as a contingent asset. Grants are recognised when the charity ha$ 3n entitlement to the fvnds and any conditions linked to the grants have been rnet. Where performance conditions are attached to the grant and are yet to be met. the income is recognised a5 a liability ènd Included as deferred income to be released. Residential fees are accounted for in the period in which they are receivable. Income from investments is recognised when the charity becomes entitled to receipt. 1.5 Resources expended Resources expended are recognised In the period in which they are incurred and include attributable VAT which ¢annot be recovered. Resources expended are allocated to the particular activity where each cost relates directly to that activity. Govemance costs include expenditure on compliance with constitutional and statutory requirements. 1.6 Tangible fixed assets Tan8ible fixed assets that cost mtsre than £l.IXK> with a Liseful life of morè than 5 years are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. There is no provision fof depreciation of the freehold buildings, as their residua values are well in excess of their carryin8 amounts. It is the charity's prartice to mèintain th building5 In a continual state of sound repair. No depreciation 15 charged on freehold land. Depreciation 15 provided as follows to wriie off the cost or valuation of a55ets less their residual values over their expetted useful lives.. Land and bull(Jln85 fixtures, fitbngs and equipment 3%- 5% straight Ilne basls on Internal Itft and car park 5%- 2 straight line basis 13
RIDGEGATE HOME NOTES TOTHE FINANCIAL STATEMENTS ICONTINUEDI FOR THEYEAR ENDED 31 MARCH 2025 1.7 Impalrment of flxed assets At each reporting end date, the trustees review the carrylng amounts of tangible assets to determine whether there 15 any indication that those assets have suffered an impairment loss If any such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the Carrying amount exceeds Its recoverable èmount, an Impairment loss is recognised in the Statement of Financial Acttvitie5. 1.8 Investments Fixed asset investments whith consist of listed investments are a form of financial instrument and are initially measured at transaction price excluding transaction c05t5. and are subsequently measured at fair value at each reporting date. Investment gairks and losse5, whether realised or unrealised, are combined and shown in rhe heading 'Net gains Ilossesl on investments, in the Statement of Financial Activities. 1.9 Debtors Debtors are recognised at the settlement amount. Prepayment5 are valued at the amount prepaid. 1.10 Cash and ¢ash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid investments with origin21 maturities of three months or less, and bank overdra*ts. Bank overdrafts are Shown within borrowirb8s in current liabilities. 1.11 Flnanclal Instruments The charity only has financial 855ets and financial liabilities of a kind that qualify as basic ftn8ncial instruments. Basic financial instruments are initially recognised at transattion value and subsequently measured at their settlement value with the exception of bank loan5 which are Subsequently measured at arnortised cost using the effective interest method. 1.12 Llabllltles and provlslons Liabilities are recognised when the charity has an obligation at the end of its financial year as a result of a past event. it is probable that a transfer of economic benèfits will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amountthatthe charity anticipates it will pay to settle the debt or the amount it ha5 received as advanced payments lor the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. 14
RIDGEGATE HOME NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 1.13 Employee benefits The c05t of any unused holiday entitlement is recognised In the period In which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to termlnate the employment of an employee or to provide termination benefits. Retirement btntfits The charity operate5 a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charity contributes a specified percentage of payroll costs to the scheme to fund employee retirement benelits. The pension charge represents the amounts payable by the charity to the fund in respect of the year. The only obligatlon of the charlty with respect to ihe scheme isto make the specified contribution5. Crltlcal accounting estimates and judgements In the application of the charity's accounting policies. the tru5tee5 are required to make judgefnents, estimates and assumptions about the c8rryin8 amount of a55ets and li3bilities that are not readily apparent from other sources. The estimates and associated a55umptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estlmate& Donatlons abxl legacles 2025 2024 Donations and gvfts Government grants 4,735 4,320 5,500 4.735 9.820 Income Irom Investments 2025 2024 Dividends from listed invèstments and bank interest 16.652 14,199 Analysls of resldentlal care costs Z025 2024 Unrestricted funds Direct costs 80,658 85,992 Is
RIDGEGATE HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employment costs (Note 71 Agency stsff Establishment costs Other costs Depreciation of fixed assets Impalrment losses Loss on disposal of fixed assets 701,407 101,417 125,571 8,223 12,118 533,569 216.638 104,408 9,481 11,528 207 1.029,394 961,823 Analysls of governancè costs 2025 2024 Legal and professional costs Accountancv Audit fee Bank charges 6,777 3,084 6,000 297 13,318 3,672 5,700 535 16,158 23.225 16
RIDGEGATE HOME NOTES TO THE FINANCIAL STATEMENTS ICONTINUEO) FOR THE YEAR ENDED 31 MARCH 2025 Analysls of staff £osts and benetsts 2025 2024 The aggregate payroll costs were as follows.. Salaries and wages Social security costs Employerfs pension contribLJtions Trainin8 and other staff expenses 632,734 50,090 9,637 8,946 482.582 32,558 7,308 11,121 701,407 533.569 Key mana8•ment personnel Induded in salarles and employerfs penslon contrlbLrtlons: Remuneration and benefits 92,039 100.493 The trustees together with the senior manaeement team comprise the key management personnel of the charity. None of the trustees, nor any person connected with them, received remuneration. One trustee wa5 reimbursed fortravel related expenses during the period pertaining to their trustee work.. No employee re¢elved remuneratlon in excess of £60,00012024- none). Average number of staff duringthe year.. Residential care staff Management and administration 26 23 29 26 17
RIDGEGATE HOME NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Net galnsl Ilossesl on Investments 2025 2024 G3ins/ (Losses) on revaluatitsn of investments 12.595 14,5771 T•yation Ridgegate Home is a registered charity and under Part 10 of the Income Tax Act 2007 and section 256 of the Taxation of Chargeable Galns Act 1992 is exempt from tax on its income and capitèl gains applied to its charitable purposes. io Tanglble flxed assets Freehold land and buildin8S Flxtures, fittlngs and equiprnent Total Cost At l April 2024 Addition5 Di5P05als 408,480 117.281 525,761 At 31 March 2025 408,480 117,281 525,761 Depreclation and irnpairment At l April 2C)24 Depreciation charged in the year Elimlnated on dSsposals 162.956 3,636 68,861 8,482 231,817 12,118 At 31 March 2025 166.592 77,343 243,935 Carrylng amount At 31 March 2025 241.888 39,938 281,826 At 31 March 2024 245.524 48,420 293,944 Induded in the cost of 13nd and buildings is freehold land of £9,545 12024: £9,545) which is not depreclated. Although no professional valuation has been carried Dut in recent years, the tr(Jstees are of the opinion that the freehold land and buildings have a market value siÉnificantly higher than their carrying amount. 18
RIDGEGATE HOME NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 11 Flxed asset Snvestments Lrsted Investment5 Cost or valuatlon At l April 2024 Revaluation 214,949 12,595 At 31 March 2025 227,544 Carrying amount At 31 March 2025 227,544 At 31 March 2024 214,949 The listed investments are admlnistered and valued annually by J M Finn & Co, a member of the London Stock Exchènge, using market prices. The historical cost of the investrnent5 at 31 March 2025 was £46,73412024- £46,734). Iz Dthor5 2025 2024 Residentlal care charges other debtors Prepayrnent and accrued income 10,393 8,908 4,940 2,731 2.972 3,917 24,241 9,620 19
RIDGEGATE HOME NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR TMEYEAR ENDED 31 MARCH 2025 13 Credltors: amounts falling due within one year 2025 2024 Residential care costs Residential care chargè% Other taxation and social security Other creditors Accrua15 Deferred income 15,982 18,511 10,490 1,257 62,774 5,579 20,892 27,275 9,057 2,232 57. 581 15,803 114,593 132,840 Acuuals represents staff costs, agency fees, utilities, audit and accountancy fees. Deferred income represents residential charges ieceived in advance. 14 Reconciliation tsf net Income to net cash flow from oper•tlng actlvltles 2025 2024 Net income lexpenditurel foT the year as per the Statement of Financial ActNities Adjustments for.. Divldends and interest from investment5 Fair value losses Igainsl on investments Depreciation charges and impairment losses Decrease lincreasel In debtors Increase Ide¢reasel in creditors 8.459 144,446 116,6521 112,5951 12,118 114,6211 118,2471 114,1991 4,577 11,735 10,135 45,100 Net cash provlded by (used inl operatlng activltles 141,5381 201,794 20