Charlty numbgr: 225674
THE ROYAL CAMBRIDGE HOME
AUDITED
TRUSTEES. REPORT
AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024

THE ROYAL CAMBRIDGE HOME
CONTENTS
Page
Reference and Admlnistrative Details of the Charity, Its Trustees and Advisers
Trustges. Report
Trustees. Responsibilitlès Statement
Indgpendent Auditors, Report on the Financlal Statements
8-11
Consolidated Statemgnt of Flnancial Activities
12
Consolidated Balance Sheet
13
Charlty Balance Sheet
14
Consolldat¢d Slatement of Cash Flows
15
Notes to the Financlal Statements
16-31

THE ROYAL CAMBRIDGE HOME
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustèes
Mr R H Dowler MBE
Major J T Talham (deceased 11 April 20241
Mr J Ross FCIS
Mr G F Balfour Bsc
Col. N E L Gilbert
MrA D Boll FCCA
MrJ M L Williams MA
Mrs K Rajan
Charlty registered
number
2256Y4
Principal office
82184 Hurst Road
East Molesey
Surrey
KT8 9AH
Independent auditors
Wellden Turnbull Limited
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
Bankers
National We8lminsler Bank PLC
73 High Street
Walton on Thames
Surrey
KT12 1DW
Sollcltors
Moore Blalch
Frameworks
2 Sheen Road
Richmond
Surrey
Tvvg 1AE
Page 1

THE ROYAL CAMBRIDGE HOME
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees of the Royal Cambridge Home have the honour lo present ils one hundred and seventy third
Annual Report and Slalemenl of Attounls for the year ended 31 sl March 2023.
Objectives & Activltios, Structufe Governance and Management
The Royal Cambridge Home 18 an incorporated charity consliluled under the charity s goverr¢ing document dated
26th February 1996 and following discussions with the Charity Commission the Truslees made 2pplicalion to the
Comrnission for the Conslilulion of the Home lo be altered. The revised Constitution was sealed by the
Commission and received by the Trustees on 13th June 2007. The day lo day activities of the Charity have,
since Isl April 2009, been conducted by Royal Cambridge Home Limited. The Charity retains ownership of the
freehold lille lo the premises of the Charity.
The Trustees who have served during the year are sel out on page 1.Trustees afe appointed by the board of
Iruslees of the Royal Carnbridge Home. The Gerneral Purposes Committee comprises the Trustees, associated
interosled parties, the Hom8's Manager and advisers ar4d meets regularly to receive reports and to agree policy.
financial and administrative mallers.
The Trustees are aware that there has been only one new Iruslee appointed to replace those who have resigrsed
in the past three years. The search for further Iruslees conlinues. In considering applications the Iruslees will be
looking for individuals who, apart from empalhising with the ethos of the Royal Cambridge Home will be able lo
contribute through their experience and expertise in the fields of health care, huTnan relation5 and public
relations.
Any prospective trustee will be mentored by existing Iruslees and inviled lo allend, as observers meetings of
the Iruslee5 of Royal Cambridge Home Limited in order lo gain insight into the day lo day workings of the Home.
The d3y lo day adminislralion of the Home is the responsibility of the Manager who reports lo the Trustees of the
Royal Cambridge Home Limited and lo the General Purposes Committee of the Royal Cambridge Home.
The Home subscribes lo the Living Wage organisalion and staff pay rates which are reviewed lo lake effect from
1 sl April each year adhere lo the percentage increase announced arnnually. Pay for key management personnel
is reviewed lo lake effect from 1 sl April each year and as a benchm8rk reflects the increase in percentage lerrn5
of the Living Wage organisaliork with adjuslrllenls, where appropriate, lo reflect the undertaking of additional
responsibilities,
Following discussions with the Charity Commission on 26th April 2016 a revised Scheme was issued the effect
of which was lo amend the name of the Charity from The Royal Cambridge Home for Soldiers, Widows lo The
Royal Cambridge Home and lo extend the definition of ils beneficiaries as follows:_
111 lal The relief of beneficiaries who are in need by virtue of financial hardship,sickness, éisabilily or
the effects of old age by the provision of a home.
(bl The relief of beneficiaries who are in need by virtue of financial hardship, sickness, disability or
the effects of old age by Ihe provision of grants, loans, gifts, pensions or olhenmise
121 In furtherance of Clause 1 lal the Trustees may assist beneficiaries by providing sheltered accommodation,
residential care, nursing 2nd day respite care.
{3) The Trustees musl conllnue lo provide a home on land belonging lo the Char1ty.
In this context the term 'beneficiaries means
111 Women who have served in the Armed Forces of the Crown.
(21 Women who can be considered lo be or have been dependent on a man or woman who has served in the
Armed Forces of the Crown including spouse, eivil partner, widow, former spouse, former civil partner, pafenl.
child, slep child, adopted child, and qualifying co-habitant.
131 Men who have served in the Armed Forces of the Crown and men who can be considered lo be or have
been dependanl on a man or woman who has served in the Armed Fofces of Ihe Crown, including spouse, civil
partner, widow, former spouse, former civil partner, parent, child, slep child, adopted child. and qualrfying co-
Page 2

THE ROYAL CAMBRIDGE HOME
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
habitant with the proviso that beneficiaries satisfying the criteria in 111 &121 above will lake precedence In the
event of there being more than one applieanl for an available place in the Home.
This is undertaken from the Charity's premises in Hufsl Road, East Molesey, Surrey.
In selling objectives and planning for activities the Trustees have given due consideration lo general guidance
published by the Charity Comrnission relating lo public benefit, including the guidance 'Public Benefit: running a
charity IPB21
References and administratlve detalls
These can be found on page 1 of this annual report.
The charity's investment advisers are..
Ralhbonesllnveslec Wealth & Investment Limiled
30 Gresham Slreel
London EC2V 7QN
Members of the General Purposes Committeo
Mr R Dowler MBE (Chairman)
Major J T Talham Idec'dl
Mr John Ross FCIS
Mr George Filzgeorge Balfour Bsc
Col. Nigel Gilbert
Mr Alan Boll FCCA
Mr Jeremy Williams MA
Mrs Kathy Rajan
Friendlsl of the Royal Cambridge Homo
Miss D Filzgeorge Balfour
Manager
Mr Rory Belfield MA Bsc (Honsl
Secrgtary
MTS Sue Kenway
Llst Of Bgnefactors- Year Ended 31st March 2024
H M The King
Rowan Benlall Charitable Trust
Othgr Donations
We acknowledge with thanks donations received from families and ftlends of residents and former residents of
the Home.
Page 3

THE ROYAL CAMBRIDGE HOME
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance and Flnancial Rèvlaw
The full financial activities for the year are shown on pages 12 10 31. The nel incoming resources before galns on
investments are £1 0,045 compared lo outgoing resources £119.340 for 2023. After taking account of gain of
£5,15312023 £1,465 loss l in our Investment portfolio, an overall surplus of of £15,698 was achieved for the
year compared with deficit of £120,805 for Ihe 2023 financial year.
Expenditure decreased by £127,823 with s12ff costs accounting for 62010 of Ihe lolal expenditure. Costs of
ainlaining and improving the buildings have been closely controlled with the Home's staff allending lo routine
repair and decorations wherever possible.
As a result, total funds al 31sl March 2024 were £480,101 of which £368,170 are available for general purposes.
These results reflect the fact that with effect from 1st April 2023 the sile of the forrner 84 Hurst Road and the
Duke of Gloucester Wing were handed lo Red Construction Group Ltd lo slarl the work of constructing the new
building for the Royal Cambridge Home. The remaining building - No 82 Hurst Road provided accommodation
for a maximum of 20 residents.
In spite of the very obvious activities being carried on in the canslruction of the new building the Horne received
numerous enquiries for accommudalion. Prior lo the comrllencement of construction concerns arose that
demand for residential care may fall away bul this has not been the case and il is a tribute lo the staff that the
Home has been seen as a very acceptable option for residential care.
Redevelopment
The conlr8cI for the construction of the new Royal Cambridge Home building and made between Sheppard Trust
Property Company Limited Ilhe Employer) and Red Construction Group was made irnmedialely prior lo the end
of the previous financial year al a cost of £8.117,941.67. This cost was significantly greater than the costs
previrjusly eslimaled and as a result il was necessary for Ihe lermg of the contract with Sheppard Trust lo be
renegolialed such that the Fixed Land Payment was reduced lo £1,775,000.00.
The cDnslrucliDn contract allows for a period of 64 weeks with a Practical Complellon dale of 29lb July 2024.
The contractors hold regular monthly meetings lo review progress with the Employer, the Project Managerlcosl
Consullanls, various consultan15 and with the Chairman, the Home's Manager and a Building Surveyor from
Knight Frank in allendance, A further inlermediale review meeting lakes place between the contractors and the
Project Managerlcosl Consullanl. Red Construction Group also circulate a monthly report on progress lo dale
and anlicipaled progress in the next period.
Adverse weather cjndilions from the late autumn and throughout the winter months wtlh excessive amounts of
rainfall have caused some delays such that an eslimaled completion dale of 13th August was pul forward bul
with the proviso that the contractors were hopeful of eliminating th31 delay by employing greater numbers of
tradespeople lo undertake interior and finishing works.
Additionally progress has been hindered ir¢ relation lo connections lo ulililies, water, drainage elc, arnd al the lime
of preparation of this report there Is an ongoing difficulty in reaching agreemenl with the Highways Authority in
creating the entrance lo the sile.
Al the lime of preparation of this report the building is wealhertighl and within the last week Ihe sGaffolding lo the
front elevation has been removed and internal works are making good progress.
We are currently in the process of approving and ordering fumilure and furnishings for the new building for
delivery lo the new Home when practical completion has been achieved. A period of one month is allowed for
transfer of the operation of the Home from No 82 Hurst Road lo the new building to be known as 84 Hurst Road.
The post code remains unchanged as KT8 9AH.
During the COLJrse of conslrucllon items of additional cost have arisen as a result of which (he Fixed Land
Payment has been further reduced lo £1,609,242.00 and this may be subject lo further adjuslmenl as the work
progresses
Page 4

THE ROYAL CAMBRIDGE HOME
TRUSTEES. REPORT (CONTINUED>
FOR THE YEAR ENDED 31 MARCH 2024
Revlew of the Year
As al 1st April 2023 there were 19 residents in the Home. DLtring the year we admilled five residents for
permanent slay and two further residents for varying periods of respite care. One resident left the Home lo live
elsewhere. Five residents died during the year. As 8131 St March 2024 we were caring for 17 residents.
The Home, in compliance wlh a request from the Social Services Department of Surrey County Council
conlillu6s lo submit regular 'Capacily Checker reports advising the authority of availability of accommodation,
staffing levels elc. arld in conjunction with this process is receiving applications for accommodation under a
"Discharge lo Assess. programme the applicants requiring either rospile or lony term care wilh short term
fLsnding being provided.
Covid.19 remains an evoT present potential threat and the staff of the Home are constantly alert lo the rlsks
which il presents. Dur￿ng the year in question we experienced one minor outbreak with no major ¢Dn5equences
for either residents or staff,
11 has been possible lo restore lo the Home's calendar many of the activities and events which had lo be shelved
lo avoid the risks imposed by Covid-19. Evidence of how much these activities give pleasure lo the residents is
very clear from the reports in the Monthly Newsletters. Activities are provided lo Meet all lasles and abilities
including boat trips, visits lo Hampton Court and local farms visits from Zoolab with interesting animals, and a
variety of enlerlainers.
In August the Homes Annual Garden Party was held when we were honoured lo have the Mayor of Elmbridg8
Cllr Richard Williams and his wife, both of whom showed great interest in the Home and also in the building work
then in ils early stages on the site next door. While we no longer have the musicians from the Royal Hospital
Chelsea lo entertain our guests everyone enjoyed the singing of Liam, a frequent and very talented performer.
We were especially pleased lo welcome back the Mayor and his wife lo attend the traditional Slirrir)g The
Christma8 Pudding Ceremony in November, a very appropriate start lo the Christmas season al the Home,.
The now well established policy of make do and mend" has again been followed lo ensure that while the Home
remains safe and fully lit for occupation we seek lo avoid undue expenditure on renewing wherever possible.
As reported last year we have managed to dispose of surplus items of furniture and effects in readiness for the
move lo the new building.
We are, as ever, mindful of the work and commitment of our staff in making the Home a happy and secure place
for our residents. Our grateful thanks lo the Manager Rory Belfield and 811 the staff for their efforts under difficult
circumstances during the conslfuclion work next door. Visitors are often heard lo comment on the positive and
h2ppy atmosphere within the Home and this is due in no small measure lo the care provided by the staff. 11 is
also appropriate lo record that throughout the conslruGtion period Red Construction Group have been very
understanding and considerate neighbours.
During the year fyArs Vicki O'Brien has been working with Maggle Wilkinson and other 51aff members towards
obtaining accreditation in the Gold Standards Framework an organisalion selling standards for the care of
people as they approach end of life. This has Involved considerable time, research and work and has recently
culminated with the Home receiving a visit from an Assessor representing the Gold Standards Framework. While
their decision is awaited 81 the lime of preparing this report there is every indication that the Home Kqll receive
accredilalioll. Vicki and Maggie are lo be warmly congratulated and thanked for all their hard work on this
project.
The Iruslees are very appreciative of the donations received from Benefactors and Friends during the year. Also
many congratulations are due lo all those staff members and friends who look parl in the Maglcal Molesey
evening in December and raised in excess of £346.00. Additionally a further sum of £500.00 was raised al the
Sumrner Garden Party. These funds were for Ihe benefit of the QLseen Mary Fund lo provide enlerlainmenl for
residents.
Page 5

THE ROYAL CAMBRIDGE HOME
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
RIP
11 Is with gadness that we have lo record the death of Major John Talham on 11th April 2024. John became a
Iruslee in l 995 al which lime he was based al the Rr)yal Hospital Chelsea as a Captain of Invalids. John's
contribution lo the work of the Iruslees over many years was invaluable and he proved himself to be a true and
loyal Iriend. He will be greatly missed by all of us.
Investment Policy
There are no restrictions on the charity's power lo invest. The investment policy is lo provide a sufficient
opportunity for capital ané income growth lo meet the increasing obligalion8 of maintaining and rurining the
Home whilst maintaining a low risk profile. The trustees regularly review the investments lo ensure that the
portfolio provides a spread of risk and balance between equily and fixed interest inveslmenls. The Iruslee5
consider the return on investments lo be salisfaclory bul remain very conscious of the unceTlainlies in the market
both nationally and globally particularly at the present lime.
ReseNg$ Pollcy
It is the policy of th8 charity lo maintain ￿nrestriCted funLls, which are the free reserves of the Home, al a level
which equates lo approximately three months unreslricled expenditure. Al this level the General Purposes
Committee feels that il would be able lo continue lo provide a high standard of residential care in the event of a
significant decrease in the level of funding. At the year end the charity had general funds of £368,170
Risk Review
The Iruslees have examined the major slralegic. business and operational risks which the charity faces and
confirm that systems have been established lo miligale those Tisks.
Disclosurè of Information to auditors
Each of the persons who are Trustees al the tirne when Ihis Trustees, Report is approved has confirmed Ihal..
so far as that Trustee is aware, there is no relevant audit information of which the charitable group's
auditors are unaware, and
that Tru51ee has taken all the steps that ought lo have been taken as a Trustee in order lo be aware of
any relevant audit information and to establish that the charitable group's auditors are aware of that
information.
Approvecs by orlaer of the members of the board of Trustee5 and signed on their behalf by..
Mr R H Dowler MBE
Bott FCCA
Dale..
08107120£4
Page 6

THE ROYAL CAMBRIDGE HOME
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees are responsitile for preparing the Trustees, Reporl and the financial slalemenls in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Praclicel.
The law applicable lo charities in England & Wales requires the Trustees to prepare financial slalemenls for
each financial which give a true ar¢d fair view of the slate of affairs of the Group and the Charity and of their
incoming resources and application of resources, including their income and expenditure, lor that period. In
preparing thesè financial slalemenls, the Trustees are required lo.,
select suitable accounting policies and then apply them consistentty.,
observo the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting eslimales that are reasonable and prudent.,
slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial 51alemenls',
prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume that the
GroLtp will Continue in btjsiness.
The Trustees are responsible for keeping adequate accounting records that are sufficient to Show and explain
the Group and the Charity's transactions and disclose with reasonable accuracy al any lime Ihe financial position
of the Group and the Charity and enable them lo ensure that the financial slalemenls comply with the Charities
Act 2011, the Charity IAccounls and Reporlsl Regulalions 2008 and the provisions of the Trust deed. They are
also responsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps
for the prevention and detection of fraud and other irreyularilies.
In so far as the trustees are aware, there is no Televanl audit information of which the charitable company's
auditor is unaware. They have taken all steps that they ought lo have taken lo make themselves aware of any
relevant audit information and lo establish that the auditor is aw8re of that irsformalion.
Approved by order of the rllembers of the board of Trustees and signed on ils behay by..
Mr R H Dowler MBE
MrA
Bott FCCA
Dale. 08/071*014
Page 7

THE ROYAL CAMBRIDGE HOME
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE ROYAL CAMBRIDGE HOME
Oplnlon
We have audited the financial slalemenls of The Royal Cambridge Home Ilhe 'parenl charity,) and ils
subsidiaries (the 'group'l for the year ended 31 March 2024 which comprise the Consolidated Slalement of
Financial Activities. the Consolidated Balance Sheet, the Charity Balance Sheet. the Consolidated Slalemenl of
Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards. including FinaT)cial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland, {Uniled Kingdom Generally Accepted Accounting Practice).
The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities
preparing their accounts in accordance with the Financial Reporling Standards applicable in the UK and Republic
of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Slalemenl of Recommende
Practice issued on 1 April 2005 which is referred lo in the extant regulations bul has been wllhdrawn.
This has been done in order for the accounts to provide a true a￿d fair view in accordance wllh the Generally
Accepted Accounting Practice effeclive for reporting periods beginning on or after 1 January 2015.
In our opinion the financial slalemenls.,
give a true and fair view of Ihe slate of the Group's and of the parent charills affairs as al 31 March 2024
and of the Group's incoming resoL¢rces and application of resources. inclLtding ils income and expenditure
for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted A¢¢ounling
Practice,. and
have been prepared in accordance with the requirements of Ihe Charities Act 2011.
Basls for opinlon
We conducted our audit in accordance with Irilernalional Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those slandards are further described in the Auditors, responsibilities for the audit
of the financial slalemenls section of our report. We are independent ol the Group in accordance with the ethical
requirements that are relevanl lo our audit of the financial slalemenls in the United Kingdom, including the
Financial Reporting CoLJncil's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe th31 the audit evidence we have obtained is sulficienl and
appropriate to provide a basis for our opinion.
Concluslons relating to going concern
In audlllng the financial slalemen15, we have concluded Ihal the Trustees, use of the going concern basis of
accounting in ihe preparation of the financial slalemenls is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relaling to events or
conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charills ability
to continue as a going concern for a period of al least twelve months from when the financial statements are
aulhorised for issue,
Our responsibilities and the responsibilities of the Trustees with respect lo going corcern are described in the
relevant sections of this repDrl.
Page 8

THE ROYAL CAMBRIDGE HOME
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE ROYAL CAMBRIDGE HOME
ICONTINUEDI
Other information
The other informatlon comprises the information included in the Annual Report other than the financial
slalernen15 and our Auditors. Report Ihereon. The Trustees are responsible for the other information contained
within the Annual Report. Our opinion on the financial slalemenls does nol cover the other information and,
except lo the exlenl otherwise explicitly slated our report, we do not tsxpress any form of assurance conclusion
Iherean. Our responsibility is lo read the other information and. in doing so, consider whether the other
informalion is materially inconsislenl with the financial slalemenls or our knowledge obtained in the course of the
audit, or otherwise appears lo be materially misslaled. If we idenlily such material inconsislencies or apparent
material misslalemenls, we are required lo determine whether this gives rise lo a material misslalernenl in the
financial slalemenls themselves. If, based on the work we have performed. we conclude that there is a material
misslalernent of this other information, we are required lo report that fact.
We have nothing lo report in this regard.
Matters on which we are required to report by exception
We have nothing lo report in respect of the following mallers where the Charities (Accounts and Reports)
Regulations 2008 requires us to report lo you rf, in our opinion..
the information given iri the Trustees, Report is inconsislenl in any material respect with the financial
slalerNenls,' or
the parent Charity has not kept sufficient accounting records., or
the parent Charity financial slalemenls are not in agreement with the accounting records and returns., or
we have not received all th8 information and explanations we require for our audit.
Responslbililies of trustees
As explained more fully in the TTuslees' Responsibilities Statement, the Trustees are responsible for the
preparation of the financial slalemenls which give a true arnd fair view, and for such internal control as the
Trustees determin6 is necessary lo enable the prep8ralion of financial slalemenls that are free from material
misslalemenl. whether due lo fraud or error.
In preparing the financial slalements. the Truslees are responsible for assessing Ihe Group's and the parent
charity's ability lo continue as a going concern, disclosing, as applicable, matters Telaled lo going concern and
using the going concern basis of accounting unless the Trustees either intend lo liquidate the Group or the
parent ¢harily or lo cease operations, or have no realistic allernalive bul lo do so,
Page g

THE ROYAL CAMBRIDGE HOME
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE ROYAL CAMBRIDGE HOME
{CONTINUED}
Audltors. responslbllities for the audlt of the financial statemènts
We have been appointed as auditor under section 151 of the Charities Act 2011 and r8porl in accordance with
the Act and relevant regulations rllade or having effect Ihereunder.
Our obleclives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are free
from material missl8lemenl, whether due lo fraud or error. and lo issue all Auditors, Report that includes our
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in
acwrdance with ISAS IUKI will always delecl a material misslalemenl when il exists. Misslalemenls can arise
from fraud or error and arè considered material if. individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial slalemenls.
Irregularities, including fraud, are instances of non-compliance wlh laws and regulations. We design procedures
in line with our responsibilities. outlined above. lo delecl material misstalemenls in respect of
irregularilies,including fraud. We have identified the greatest risk of a material impact on the financial 8laleTnents
from irregularities, including fraud, Its relate lo the timing and recognition of income and the override of controls
by management. We have obtained an understanding of the legal alld regulatory frameworks that the CorYTpany
operates wilhiri including both those that directly have an irnpacl on the financial slalemenls and more widely
those for which non-compliance could have a significant impact on the Company operations and reputation. The
Companies Act 2006, The Charities Act 2011, Health Care Quality Commission regulations, and safely
regulations, employee leglslalion and data protection are those we have idenlified in this regard. Auditing
standards limit the required procedures as lo noncompliance with laws and regulations to enquiries of those
charged with governance and review of any applicable correspondence. The extent lo which our procedures are
capable of delecling irregularities, including fraud is detailed below..
Enquiry of management and those charged with governance as lo actual 2nd potential litigation and claims..
Enquiry of management and those charged with governance to ider¢lify any instances of non-compliance
with laws and regulations..
Perforrning audit work over the risk of management override of controls, including lesling of journal entries
and other adjuslmenls for approprialene5s, evaluating Ihe business rationale ol signrficanl transactions
outside Iht normal course of business, and reviewing accounting estimates for bias,.
Assessing the reasonableness of income recognised in the period based on contractual terms and
obligations and the requirement of accounting standards., and
Reviewing financial glatemenl disclosuTes and lesling to supporting documentation lo assess compliance
wlh applicable Saws and regulations.
Because of the inherent limitations of an audit, there is a risk that we will not delecl all irregularities, including
those leading lo a material misslalemenl in the financial slalemenls or non-compliance with regulation. This risk
increases the rllore that compliance with a law or regulation is removed from the events and transactions
reflecled in the financial slalernenls, as we will be less likely lo become aware of instances of non-compliaTlCe.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresenlalion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al- www.frc.or
.uklaiJdilorsres
onsibilities. This desGriplion forms part of our
Auditors, Report.
Pago 10

THE ROYAL CAfvIBRIDGE HOME
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE ROYAL CAM8RIDGE HOME
ICONTINUEDI
Use of our report
This report is made solely lo the charity's trustees. as a body, in aeeordance with Parl 4 of the ChaTilies
(Accounts arid Reports) Regulations 2008. Our audit work has been undertaken so that we might slate lo Ihe
charills trustees those mallers we are required to slate lo Ihetn in an Auditors, Report and for no other purpose.
To the fullest extent permilled by law, we do not accept or assume fesponsibilily lo anyone other than the charity
and ils Iruslees, as a body, for our audit work, for this report, or for the opinions we have formed.
Mark Nelligan FCA
Wellden Turnbull Limited
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
Dale..
/oilod
Welléen Turnbull Limited are eligible lo act as auditors in terms of section 1212 of the Companies Act 2006.
Page 11

THE ROYAL CAMBRIDGE HOME
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Capital
funds
2024
Reslricled
funds
2024
Unreslricled
fullds
2024
Total
funds
2024
Total
funds
2023
Note
Income and
endowments from..
Donations and legacies
Charitable activities
Investments
Other income
1,011
1,011
1,241,720
1,4fj1
831
25,925
1,216,253
1,183
100
1,241,720
1,461
831
Total income and
endowments
1,011
1,244,012
1,245,023
1,243,461
Expenditure on:
Raising funds
Charitable aclivilies
290
290
298
1.362.503
1,234,688
1,234,688
Total expenditure
290
1,234,e88
1,234,978
1,362.801
Net
lexpenditurellincome
before net
gainslllosses) on
Investments
Nel gainslllossesl on
Investments
1290
1,011
9,324
10,045
1119,3401
5,153
5.153
11,4651
Net
Incomellexpendlturg)
Transfers belween
funds
4,863
1.011
9,324
15,198
1120,805)
19
500
500
Net movement in
funds
4,863
1,511
9,324
15,698
1120,8051
Reconclliation of
funds..
Total funds brought
forward
Nel movement in funds
50,323
4,863
55,234
1,511
358,845
9,324
464,402
15,698
585,207
1120,8051
Total funds carrled
fofward
55,186
56,745
368,169
480.100
464,402
The Gonsolidaled Slalemenl of Financlal Activities ir¢cludes all gains and losses recognised in the year.
The notes on pages 16 10 31 form parl of these linancial slalemenls.
Page 12

THE ROYAL CAMBRIDGE HOME
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Flxed assets
Tangible assets
Inveslments
564,408
55,188
534,830
50,325
14
619,596
585,155
Current assets
Stocks
Debtors
Cash al bank and in hand
15
2,669
137,205
113,699
2,669
116,554
105.713
253,573
224,936
Creditors.. amounts falling due wllhin one
year
17
1393,0681
1345,689}
Net current Ilabilities
(139.4951
1120,753)
Total asset$ less current liabilitles
480,101
464,402
Totsl net assets
480,101
464.402
Charlty funds
Capital funds
Reslricled funds..
19
55.186
50,323
Reslricled funds
19
56,745
55,234
Total reslricled funds
Unreslricled funds
19
56,745
55,234
General funds
19
368,170
358,845
Total unreslricled furnds
368,170
358,845
Total funds
480,101
464,402
The financial slalemenls were approved and aulhorised for issue by th
fustees
d signed on their behalf by..
Mr R H Dowler MBE
Mr
ott FCCA
Page13

THE ROYAL CAMBRIDGE HOME
CHARITY STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
13
92,263
93.826
92,265
93,828
Current assets
Creditors.. amournls falling due within one
year
17
137,671)
137,6701
Net current liabillties
{37,6711
137,e701
Total assetsloss current liabllities
54,594
56,158
Total net assets
54.594
56,158
Charity funds
Reslricled funds
19
43,772
Total reslricled funds
Unrestricted funds
19
19
43,772
12,386
54,594
Total funds
54,sg4
56,158
The financlal slalemenls were approved and aulhorised for iSSL¢e by the Trustees and signed on their behalf by..
Mr R H Dowlgr MBE
Mr A D Bott FCCA
The notes on pages 16 10 31 form part of these financial slalemenls.
Page 14

THE ROYAL CAMBRIDGE HOME
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash flows from operating activiti8s
Nel cash used irk operating activities
70,385
120,044
Cash flows from Investing actlvities
Dividends. interests and rents from inveslm8nls
Purchase of tangible fixed assets
Cash flows from financing activitles
1.461
1,183
{63,8601 1209,8451
Net cash provlded by financing activitles
Change In cash and cash equivalents In the year
Cash and cash equivalents at the beginning of the year
7.986
188,6181
194,331
105,713
Cash and cash equivalents at thè end of the year
113,699
105,713
The notes on pages 16 10 31 for￿ parl of these financial slalements
Page 15

THE ROYAL CAMBRIDGE HOME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policles
1.1 Basis of preparation of financial Statemènts
The financial slalemenls have been prepaTed in accordance with the Charities SORP {FRS 1021
AGcounling and Reporting by Charities.. Slalement of Recommended Pradice applicable lo charities
preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102} leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Irelar¢d IFRS 1021 and the Charities Act 2011 and UK Generally
Accepted Practice..
The Royal Cambr¢dge Home meets the definition of a public benefit enlily under FRS 102. Assets
and liabilities are initially recognised al historical cost or Irans2clion value unless otherwise slated in
the relevant accovnling policy.
The financial slalemenls have been prepared lo give a 'lrue and fair, view and have departed from
the Charili&s (Accounts and Reports) Regulations 2008 only lo the exlenl required lo provide a 'lrue
and fair, view. This departure has involved following the Charities SORP IFRS 1021 published in
OclobeT 2019 rather Ih2n the Accounting and Reporting by ChaTilies.' Stalerllellt of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
The Consolidated Siatemenl of Financial Activities ISOFAI and Consolidated Balance Sheet
consolidate the financial statements of Ihe Charity and its subsidiary undertaking. The results of the
subsidiary are consolidated on a line by line basis.
1.2 Prestsntatlon currency
The Group Functional currency is Sterling and accounts are PTe5ented in sterling, and rounded lo
the nearest £.
1.3 Income
Grants and donations, including grants for the purchase of fixed assets, are recognised in full In the
Slalemenl of Financial Acliviles when received.
Residents, contributions are recognised over the period of occupation.
Accommodation income is recognised over the period of staff occupation.
Investment income is derived from investments listed on the UK stock exchange and is accounted
fw when receivable.
Gifts of fixed assets are included al a fair value eslimaled by the Iruslees al (he date of receipt.
Gran15 are included in tho Consolidated Statement of Financial Activities on a re￿]vats1e basis. The
balance of income received for Specific purposes bul not expended during the period is shown in Ihe
relevant funds on the Balance Sheet. Where income is received in advance of enlillemenl of Teceipl,
ils recognition is deferred and included in creditors as deferred income. Where entillemenl occurs
before income is received, the income is accrued.
Other income is recognised in the period in which it is receivable and lo the exlenl the goods have
been provided or on completion of the service.
Page 16

THE ROYAL CAMBRIDGE HOME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcies Iconlinued)
1.3 Income Icontinuedl
1.4 Resources expended
Resources expended are recognised in the period in which they are incurred and include allribulable
VAT which cannot be recovered. Costs of activities comprise direct costs and support costs incurred
in providing residential Care. Fundra￿$1￿9 costs comprise publicity and costs associated with
fundraising. Governance expell5es Comprise costs incurred in the adminislralion of the Home.
Where costs cannot be directly atlribuled lo these categories, overhead costs are apportioned on the
following basis, based on space occupied.
Provislon of care Icharilable acliviliesl
950/0
Management and adminislralion (governance costs) 5./0
Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for ils
charitable purposes and includes Costs of all fundraising activities evernls and non-charilable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Group's objective5, as well as any associated support costs.
1.5 DepTeclation of tangible fixed assets
Tangible fixed asse15 are carried al cost, nel of depreciation 8nd any provision for impairment.
Depreciation is provided al rates calculated lo write off the costs of fixed assets, less Ih8ir eslimaled
residual value, over their expected usefLAI lives on the following bases..
Larsd & Building
Equipment
Fixtures and fillings
Cornpuler equipment
2Vo
Other fixed assets consist of the cos15 incurred in relation lo obtaining planning permission for the
development of the new home, They are ng1 depreciated until the asset is in use.
Assets are normally capilalised where the purGhase prrice exceeds £500. Assets brought in the final
month of financial year end are not depreciated until the next year end accounts.
1.6 Investments
Investments held as fixed assets are valued 81 the mid-maiket value al the balance sheet dale and
the gain or loss on disposal lakeri lo the Statement of Financial Aclivilies.
Investments in subsidiaries are valued al cost less provision foi impairment.
1.7 Stocks
Slock consists of food and cleaning materials and is valued at the lower of cost and net realisable
value.
1.8 Unrestricted Funds
Unreslricled fLÈnd5 comprise donations and other voluntary income receivable or generated for the
objects of the charity anol are available as general funds.
Page 17

THE ROYAL CAMBRIDGE HOME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
1.9 Designated Funds
These are unreslTicled funds earrllarked by the trustees for a particular purpose.
1.10 Restricted Funds
Reslricled funds afe lo be used for specific purposes as laid down by the donor.
Expenditure which meets these criteria is applied lo the fund together with a fair allocation of
management and support costs where applicable.
1.11 Expendlturg
Expenditure is recognised once there is a legal or cortslruclive obligation to transfer economic benefit
lo a third party, il is probable that a transfer of economic benefits will be required inselllemenl and the
amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of
each activity are made up ol the total of direct costs and shared costs, including support costs
involved in undertaking each aclivily. Direct Costs attributable lo a single activity are allocated directly
lo that activity. Shared costs which contribute lo more than one activity and support costs which are
not allributable lo a single activity are apportioned between those activities on a basis consislenl with
the use of resources. Central staff costs are allocated on the basis of lime spent, and deprecialion
charges allocated on the Portion of the asset's use.
Expendiluro on raising funds includes all expenditure incurred by the Group lo raise funds lor ils
charitable purposes and includes costs of all fundraising activities evonls and non-charilable tradiAg.
Expenditure on charitable activities is incurred on éireclly undertaking the activities which further the
Group's objectives, as we11 as any associated support costs.
All expenditure is inclL*sive Df irrecoverable VAT.
1.12 Financial instruments
The Group only has financial assets and financi81 liabilities of a kind that qualrfy as basic finaF)ci81
instrumen15. Basic financia5 instruments are initially reco9nised al transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured al amorlised cost using the effective interest method.
1.13 Pensions
The Group operate5 a defined conlribuiion pension scheme and the pension charge represents the
amounts payable by the Group to the fund in respect of the year.
Page18

THE ROYAL CAMBRIDGE HOME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Critlcal accounting estimatgs and areas of judgment
Eslimales and judgments are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting eslimales and assumptions..
In prior years, the Charity has been gifted a number of pieces of artwork by donors. The artwork
comprises one off pieces whose value cannol be easily determined. Due lo the difficulty in assigning a
value lo the artwork, the Trustees are not able lo reliably measure their fair value. As such, no asset has
been recognised in the financial statements. During the period, the Charity disposed of a pieces of art for
consideration of 2024.. £Nil12023.' £21,197I. The proceeds on disposal have been recogniseé as donation
income in the slalement of financial aclivilies.
Income from donations and legacles
Restricted Unreslricled
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donatlons
Grants
1,011
1,011
23,844
2,081
1,011
1,011
25,925
Government grant ir5come comprises £Nil (2023 £2,081) received under the Surrey Council Fair Cost ol
Care.
Income from charitabl8 activities
Unreslricled
funds
2024
Total
funds
2024
Total
funds
2023
Residential care fees
1.241,720
1.241,720
1,216,253
Investment income
Unreslricled
funds
2024
Total
funds
2024
Total
funds
2023
Dividend income
1,461
1,461
1,183
Page 19

THE ROYAL CAMBRIDGE HOME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investmgnt income lcontlnuedl
Other Incoming resources
Unreslricled
funds
2024
Tolal
funds
2024
Total
funds
2023
Staff accommodation income
831
831
100
Investment managgment costs
Endowment
funds
2024
Total
funds
2024
Total
funds
2023
Portfolio management costs
290
290
298
Analysis of expenditure on charitablè activlties
Summary by fund type
Reslricled Unreslricled
funds
funds
2024
2024
Total
2024
Total
2023
Care home activities
1,234,688
1,234,688
1,362,503
AnalysSs of expanditure by activltles
Activities
undertaken
directly
2024
Support
¢051s
2024
Total
funds
2024
Total
funds
2023
Care home activities
1,038,846
195,842
1,234,688
1.362,503
Page 20

THE ROYAL CAMBRIDGE HOME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysls of expenditure by activities (continued)
Analysis of direct costs
Total
funds
2024
Tota1
funds
2023
A¢livilies
2024
Staff costs
Depreciatio
Bad debts
Agency staff
Messing
Water rates
Repairs & garden maintenance
Light & heal
Insurance
Cleaning & waste removal
CQC registration fees
Advertising
Hire ol equipment
Slaft recruitment
Staff training
Care of residents
Residents, enlerlaining
629,081
32,720
629,081
32.720
596,304
49,180
4,456
29,209
88,258
9,590
147,200
91,910
28,008
26,463
55,783
85,510
8,473
51,332
55,691
24,066
29,857
8,438
745
10,974
1,238
6,640
26,561
11,737
55,783
85,510
8,473
51,332
55,691
24,066
29,857
8,438
745
10,974
1,238
6,640
26,561
11,737
178)
10,282
3,121
7,039
25,496
g,034
1,038,846
1,038,846
1,125,472
Page 21

THE ROYAL CAMBRIDGE HOME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysls of expenditure by aGtivltles (continued)
Analysis of support costs
Total
funds
2024
Total
funds
2023
Activities
2024
Staff costs
Depreciation
Motor & travel
132,114
1,564
2,000
132.114
1,564
2,000
169.424
1,361
k iii
Staff enlerlainmenl
Printing, postage & slalionery
Telephone
General expenses
Bank charges
Legal & professional fees
Cotnpuler and website expenses
Governan￿ costs
7,874
3.789
1,203
9,993
1,098
11,407
10,766
14,034
7,874
3,789
1,203
9,993
1,098
11,407
10,766
14,034
5,790
5,405
4,317
8,517
3.055
16,255
12.115
12,792
195,842
195,842
237,031
10. Auditors. remunèratlon
2024
2023
Fees payable lo the Charilvs auditor and ils associates for the audit of the
Charity's annual accounts
5,500
5,040
Fees payable lo the Charity's auditor in raspeGI of..
All non-audil services not included above
8,524
7,752
11. Staff costs
GroLFP
2024
Group
2023
Wages and salaries
Social security c051s
Contribution lo defined contribution pension schemes
698,957
48,850
13,388
712,487
39,281
13,959
761,195
765,727
Page 22

THE ROYAL CAMBRIDGE HOME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11. Staff costs Icontinuedl
The average number of persons employed by the Charity during the year was as follows..
Group
2024
Group
2023
Residential care
Management and administration
39
34
44
39
No employee received remunerallon amounling lo more than £60,000 in either year.
Key managemenl personnel remuneration lolalled £58,44012023- £54,400).
12.
Trustees. ramuneration and expenses
During the year, no Trustees received any remuneration or other benefils12023 - £NILI.
During the year ended 31 March 2024, no Trustee expenses have been incurred12023- £NIL},
Page 23

THE ROYAL CAMBRIDGE HOME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13. Tangible fixed assets (continued)
Charity
Freehold
property
Cogt or valuation
Al 1 April 2023
128.227
At 31 March 2024
128,227
Dèpreciation
Al l April 2023
Charge for the year
34.401
1,563
At 31 March 2024
35,964
Ngt book valuo
Al 31 March 2024
92.263
Al 31 March 2023
93,826
Other fixed assets consist of costs lo dale with regards lo the redevelopment of the sile.
Page 25

THE ROYAL CAMBRIDGE HOME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14. Investments
Group
Group
2024
2023
Market value brought forward
Acquisitions al cost
Sales proceeds from disposals
Broker's management fees
Increaselldecreasel in cash deposits
Increaselldecrease} in market value in the year
50,325
2,240
52,088
8,298
(2,6681
12981
14,0601
13,035)
12901
12,5191
4,622
Mark&t value carried forward
54,378
50,325
2024
2023
Market value of investments by class..
UK Fixed Interest Bonds
UK Equities
Non UK Equi118S
Allernalive Assets
Cash deposits
5,376
11.657
33,160
3,744
441
5,260
10,924
26,731
4,439
2,971
54,378
50.325
15. Stocks
Group
2024
Group
2023
Stock of food and cleaning materials
2,669
2,669
Page 26

THE ROYAL CAMBRIDGE HOME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16.
Debtors
Group
2024
Group
2023
Due wlthln one year
Trade debtors
Other debtors
Prep8ymenls and accrued income
103,133
1,100
32,972
81,604
400
34,550
137.205
116,554
17.
CTeditor5- Amounts falling due within one year
Group
2024
Group
2023
Charity
2024
Charity
2023
Trade creditors
Amounts owed lo group undertakings
Other laxalion and social security
Pension fund loan payable
Other creditors
Accruals and deferred incorlle
229,100
216,610
37.671
37,670
17.798
1.969
4,705
139,496
12,222
1,787
1,322
113,748
393,068
345,689
37,671
37.670
18.
Financial instruments
Group
2024
Group
2023
Financial assets
Financial assets measured al fair value through income and expenditure
113,699
1 OS,713
Financial asse15 measured al fair value through income and expenditure comprise cash and cash
equivalents.
Page 27

J (J c)

THE ROYAL CAMBRIDGE HOME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20.
Summary offunds
Summary of funds- Gurrent year
Balance al
31 March
2024
Balance al 1
April 2023
Transfers
inloul
Gainsl
(Losses)
Income
Expenditure
General funds
Endowment
funds
Reslricled funds
358,845
1.244,013 11,234,688)
368,170
50,323
55,234
12901
5,153
55,186
56,745
1.011
500
464,402
1,245,024 11.234,9781
500
5,153
480,101
21.
Purposes of restrlcted funds
Queen Mary's Fund
Its purpose is lo fund enlerlainmenl, oulings and luxury items for the residents.
Special Pro}octs Fund
The fund is primarily for the replacement of large items of equipment. The remaining balance on the fund
provides for future depreciation of capital items which were originally purchased using restricted funds
Iggelher with donation received for projects which have not yet begun.
22. Analysls of net assets between funds
Analysis of net assets betwoen funds- current peTiod
Reslricted Unreslricled
funds
funds
2024
2024
Total
funds
2024
Capital funds
2024
Tangible lixed as5els
Trade investments
Current assets
Creditors due within one year
564,407
564,407
55,188
55,188
141,642
253,573
{393.0671 1393,0671
55,186
56,745
Total
55,186
56,745
368,170
480.101
Page 29

THE ROYAL CAMBRIDGE HOME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
23.
Rèconciliation of net movement in funds to net cash flow from operatlng actlvltles
Group
2024
Group
2023
Nel incomelexpendilure for the perlod (as per Stslement of Financial
Acliviliesl
15,198
1120,805)
Adjustments for:
Depreciation Charges
G2ins on investments
Dividends, interests and rents from Investments
Increase in stocks
Increase in debtors
Increase in eredllors
Portfolio Management
34,282
4,943
49,180
2,060
11,1831
212
{64,657}
255,535
12981
120,6511
36,903
12901
N8t cash provided by operating actlvltles
70,385
120,044
24.
Analysis of cash and cash èqulvalents
Group
2024
Group
2023
Cash in hand
113,699
10S.713
Total cash and cash equivalents
113.699
105,713
25. Analysis of Changes in net debt
Al l April
2023
Al 31 March
2024
Cash flows
Cash al bank and ir¢ hand
Debt due wilhiTr l year
105,713
11,7871
7,986
11821
113,699
{1,9691
103,926
7,804
111,730
26.
Relaled parties
AT the year end £37,671 {2023 £37,671> is owed lo Royal Cambridge Home Limited, a subsidiary of the
charity.
Page 30

THE ROYAL CAMBRIDGE HOME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
27.
Ultimate controlling party
The Iruslees are the ultimate conlrolling party.
28.
Penslon commitments
The group operates a defined conlTibution pension scheme. The assets of the scheme are helé separslely
from those of the group in an independently administered furnd, The pension cost eharge represents
conlribullons payable by the group lo the fund and amounted lo £13,38812023 £13,g591. £1,969 {2023 -
17871 of contributions were payable lo the fund at the balance sheet dale and are included in creditors.
OpeTating1oase commitments
Al 31 March 2024 the Group and the Charity had commitments lo make future minimum lease payments
under non-cancellable operating leases as follows..
Group
2024
Group
2023
Not later than 1 year
350
3,759
30.
Prlncipal subsidiaries, associates and lolnt ventures
The Royal Cambridge home is a 100'/o parent of Fioyal Cambridge Home Limited.
31. Capital eommltments
During the year Royal Cambridge Home Limited entered in lo a capital commitment of £8,117,941 relaling
lo the development of the new care home al 84 Hurst road. Further details are provided in the Trustees
ieporl.
Page 31