Charity number: 225674 THE ROYAL CAMBRIDGE HOME AUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 THE ROYAL CAMBRIDGE HOME CONTENTS Page R•f•r•nc• •Thd Admlnlstr•tlv• D•tsll¥ of th• Ch•rlty, fts Trust•M Ind Advlsèrn Trust•e8' Roport Tru•t•é•' R•spon•lbllhl•• SL*l•m•nt Ind•p•nd•nt Audltorn. R•port on tho Flmnclal St•t•m•nts 9-12 Consolldat•d Stal•m•Tht ol Fln•nclal Adlvlil•• 13 Con•olldated Bala￿0 Sh••t 14 Charlty B•l•nc• Sh•4t 15 cOn￿lIdat•d Stal•m•nt of Cuh Fl¢ 16 Notu to the Flnanclal Statsm•nts 17-33 THE ROYAL CAMBRIDGE HOME REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trusto¢5 Mr R H Dtmler MBE Major J T T31ham (deceased April 2024) MrJ Ross FCIS Mr G F Balfour Bsc Cd. N E L Gilbert Mr A D Bott FCCA Mr J M L Willk3ms MA {resMJngJ 30 April 20241 Mrs K Rajan Mr R C J Willoms lappoinled 22 January 2025) Mr J A Spallon FCA lapwinl&J 15 (ktober 20241 Charlty r•gSst•r•d numb&r 225674 Prlnclpal offlc• 84 Hurst Road E8sI Molesey Surrey KT8 9AH Ind•p•nd•nt audltors Wellden Tumbull Limited Albany House Clarem(￿t Lane Esher Surrey KT109FQ 8ankers Nalional Weslminsler 88nk PLC 73 High Street Walton on Thames Surrey KT12 1DW Sollcltors m￿re Blalch Frameworks 2 Sheen Road Richmond Surrey TW9 1AE Page 1 THE ROYAL CAMBRIDGE HOME TRUSTEES. REPORT FOR THE YEAR ENOED 31 MARCH 2025 The Trustees of the Roya Cambri(h2e Home ha* the honc￿ lo prwnl its ￿)8 hurwJr&J and seventy fourth Annual Report and Swement of AcLwnts for Ihe 318t March 2025. Obl•cllv•8 & Acllvltles, Struclure Gov•rnonc• ¥nd Manag•m•nt Tha Royal Cambridge Home is en inccwporaled charsty constituted under the charitys govemlng documenl doled 26th February 1996 and followng discusswjns with the Charity CommSssion the Trustees m&Je 8pplic8tion lo the Commission for the C￿StIlUtion of the Home io be aKered. The rwsed Constitubon was sealed by the Commlssion and received by the Twstees ￿ 13th June 2C07. The day to day activities of the Charity have, Bince 181 April 2009, been t￿dUCted by RO￿ C8mts* Home Limi￿. The Charity rel￿n$ ownership of the freehold tille to the premi8ès of the Charity. The Trustees vkno have 8ep4ed Ihg sal out ¢y) pagé 1. Twsteas are appointed by the board of tru8tees ol th8 Royal Cambiidge Hom8. The Gener81 Purposes Commrttee cDmprises the Truslo8s. 8ssoe4at8d Intsreste4J partles. th8 Home's Manager and adviser8 and meets wuLqrty to recèive reports and to agree policy, rinwcial 8nd adminislr81ive matters. The Tru8lees are aware that thwe has been ts¥o now trust608 apprynted to replace tr¢08e who have r08igned in tha post three ￿TS. Tha saorch for furthèr truste88 continues. In considering applic8tions Irusl8es ￿11 be Iwking for indivlduaL8 %th, opwt from emwhislng wlih the ethos of the Rohel C8mbri¢Jge Home ￿11 be able to C￿tribUte Ihrough thelr expwlente a￿• experV8é in thé fiélds of heallh care, human rélations and publlc re1811ons. Any prospective twslee wll be mentored by existing trustees 3rd invit&J to 8tt8nd. as observers , meetings of th8 trusl8es of R¢)y81 Cambridge Home Limited in order to gain inslght Into the day to day *orkings of the Home. Thè day lo day adminlslr8tion of the Homè ￿ thè responsibilty of the Manager ￿0 rep￿ts to th8 Trustees of the Roy81 Cambridge Home Limited and lo the Gener81 Purposes Committee of the Royal C8mbn'dg8 Hom8. The Home 8ubscdbes to the Wage tyg8niB8¢M￿ and staff p8y rfe8 vthich are we¥￿d lo take off8ct from 181 April 8Bch yèar adhere lo the pwcenlage ircrease announced 8nnualty. Pay for key management personnal is reviewed to take effect from 1st April each year and 88 a benchmth reflects the ir￿eaSe in percentage terms ol the Living W￿8 organisallon V*ilh adjustments, *there approprlale. lo refl￿t the undertaking of addSllonal r98pon8ibillli88. Followlng di8cu88Sons vlth Iho Charlty Commissbon on 26th Apvil 2016 B révis￿ Scheme w8s issu&J the effect of vthich was lo amend the name of the Charlty from The Royel Cambrldge Home for Soldlw8' Wklow8 to The Royal Cambfidge Home and to extend the definition of Tts ben8fKiwes as folk)ws.'- 111181 Th8 rel￿1 of ben8fiu8ri8s in naeil by ¥irtue of fin￿￿al hardshlp,8ickn8S8. disability or the effects of old age by the pr￿sk)ft of 8 IM)me. (bl The relief of beneficiaries vhbo are in need by ￿rtue of finanei81 hardship. sickness, th88bility ( the effects of old age by the prc￿ts￿ of grants,108ns, gifts. pensions or otherwise (21 In further8￿ of Clausé 1 (a) thé Tru$te6s may assist beneficiaries by provKdir¥J sh8lter&J accommodatlon, resldentiol care, nuwng 8nd doy respite caro. (31 The Tnjslees musl conunue to o trKsme l￿d bèlongiNJ lo the Chadty. In this context Ihe lerm-beneficiaries. means {11 Women WIKI hove s￿1 in Ihe kned Forces of the Crowm. {21 Women who can b8 C4)rtsidered to b8 or hav8 been dependent on a or V*Dman V￿￿ has served in the Armed Forces of the Crown induding spwse. CIMI partner. V*idow. former spouse. former ciwl partner. parent. child. slep child. &Jopled chikl. and qu81rfyirKJ cfTrhabit8nt. {31 Men who have served in the Armed Ffj￿eS of the Crcrtw 8nd men can be c£snsidereA to be or have been dependant on a man or %wman vtho has servejj in the Forces of the Crown. I￿￿dIng spouse. ciwl Partner, wdow, fomier spouse. fomier civil parther. parent. chikl. step chikl, 8dopled chikl. and qualityng co- Page 2 THE ROYAL CAMBRIDGE HOME TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 habitsnl with the proviso Ihal beneficiaries satiS￿.ng the criteria in 111 & 121 al￿ve will take precedence in the event of there being more than one applicant for an available place in Home. Thls is undertaken from the Charitys premises in Hurst Road. East Molesey. Surrey. In setting objeclives and planning for actiMties the Trustees have given consKJ8ration to general guidance published by the Chanty Commission ￿lating to publ￿ benefit. induding the guidance 'Public Benefit.. wnniry a charity IPB21 References and admlnlstratlv• d•tall$ Thèse can be found on page 1 of this annual report. The charitys inveslment advisers are: Ralhbones 30 Gresham Street London EC2V 7QN Trustees 11 is with sadness that we record the death of Maj. John Talham in April 2024. 11 is with regret %4e record the reS￿natiOn of Mr Jeremy Williams as a Iruslee on 301h April 2024 W8 are pleased lo record the appointment of Mr John Spallon on 15th October 2024 and of Mr Rkhard WlllSarns on 22nd January 2025. M8mbers of tho Gèneral Purposes Commltt Mr R H Dovler M8E Ichairmanl Major J T Talharn Idec6ased April 20241 Mr J Ross FCIS Mr G F Balfour BS¢ Col. N E L Gilbert MrA D 8ott FCCA Mr J M L Williams MA (resigned 30104120241 Mrs K Rajan Mr R C J Williams lappoinled 2210112025 Mr J A Spalton FCA {appoinled 15110120241 Frlendlsl of the Royal Cambridg8 Home Miss D Filzgeorge BaWour Manag¢r Mr Rory Belfield MA Bsc (Honsl Secretary Mrs Sue Kenway Llst Of B•nefa¢torn- Year Ended 31st March 2025 H M The King Rowan Bentall Charita￿e Trust Page 3 THE ROYAL CAMBRIDGE HOME TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENOED 31 MARCH 2025 Achlevem•nts •nd p•rfomianc• and Flnanclal Revlow The full financi81 acbmtss for the year are slKAtsn pys 13 to 33. The net incLvnlng res(xJrces before gains on Srweslments are £10,459,242 12024 - £10.045). After taking accwnt of galn of £1.23412024 - £5,153} ￿ our Srwestrnent p￿f￿40. an overall surylus £10,460,476 (2024 - £15,698) was achieved for the year. ExpeThJlture Increasgj by £706,176 vAth staff aco)untiThJ fLY 56% d lh8 total expeThJlture. As a resurt. tolal fiJrnts al 31st ma￿ 2025 £10.940.577 (2024 - £480,101) ol £10.868,757 {2024- £368.170) are avalktAe f(Y genernl wffjK6e$. These re8uh5 rellecl the fact that with effect frun 1st April 2023 the slle of the fcffjier 82 Hurst Road a￿1 the Duke of Gbjucester Wing were handeA to Red Construdon Gff￿p Ltd to start the work ol ¢￿st1￿ClIng the new buikling for the Royal Cambr*Jgo Hryne. Tho remaining tryJilding - No 82 Hurst Road - kthded accommojatlon for 8 maximum of 20 ￿Sidents. PiicK to the end ol Ihe financAal ￿ar lo 31st March 2025 the propety cnmproslng 82 Hurst Road was transferred lo Sheppard Trttsl In ￿e0rdance ￿lIh the temis of the contract made ￿￿th that trust and that part of the propety is, al the lime ol preparation of Ihis reFNYt being redeveloped for use by beneficoaries of the Sheppard TN$l tlhwgh the c￿s1￿c￿ of Ihal buiWiThJ is scheduled lo cy)mplele in June 2026. The Royal Cambrhjge Home nthv r￿CUp￿S tl* weslem ￿￿1 d Ihe original séte w¥J18 known 88 84 HLJrsl Rood. R•d•v•lopm•nt These results refiect the lac¢ thal 1s¢ April 2024 10 21st August 2024 the c(mpany continued to OP8rnte fr￿118 propety a182 Hurst Road a￿1 fr(Mn thal dale was cyeT8ting from Its new premises al 84 Hurst Road. As al the dal8 of the Iransler of the buslness on 21 sl Awust Ihe HL¥ne was p￿￿dIn9 care for 17 resldents. The ¢onlr8Ct fty constructSon ol the new premi￿ was ts a pgri(NJ d 64 **eks concludlng cffl 291h July 2024. Work of 0￿strUctI(￿ was hampered by F(*)r weather cond((1￿$ particularly through the autumn and wSnler months and as a result the handlng over cl tKsssessicffl cd the new ￿lkI1￿j was deferred unlll 12th August. The contract 8um agreed al the cutset of c0nstnjdlc￿ was in the sum of £8.117,942 plus related professional fees. During the courne of constnxtM)n addl11￿al ￿sts were Incurred and 89 a res￿1 the orfglnalty agreed Flxed Land Payment of £1,775,CKIO.00 was reduced lo £1,548,334. The new bulhdlng p￿deS accommojallon lor 32 reskYent5 e8ch In singkn r￿m$ 4wth en 8ulte sIM)￿r￿c orrorMJed over grcwThJ. fiTrt. seccffld third fk)ots. ￿1 fhy)rs are served by W) lifts. On eath flcor level Ihere is loungeldining room for communal use. In add11K￿ the Hcrfne PffjVKJes a guest bedrocvn for the use of resldenl family members or fr￿￿j$. a hairdressirultherapy salcm aTrJ library. A fully equSpped kitchen provides meals for all resKJents arbj residents. ck)thiry is vrdshed in a fvlty equippgJ18undry. The General Manager's and admln offices tc*Jelher with the ca￿ Manager's offic4 are kKated on the gmnd 11c￿ vAlh staff charvjlng and rest facilitres pffjwded on the third fk*x. It ￿¢9M8 thar the Lxmlding vras Ihot the spaee alb￿1￿1 for Ihe Home's Manager and adminlslrative 5tsff was Inadequate aThJ at the Ilme of weparalion of this rewt arrangements are in haThJ for the lawt to be changed s￿h thal the exlsting halrdressinfftrapy salor¢ will te rek>cated to use the library such that when not in use for haI￿ressIn￿tI￿rapY its use as a libiary can continue. The existing hairdressingltherapy salon wil become the managerfs Offi￿ aThJ the existing managorfs rAfice arkJ ajmin Offi￿ will become ¢)ne space. The Home is supplied wth ￿JerfbX)r heatiry and d(xnestic hL* water by means of air heal pumps sited in a C￿nFOUnd lo the ￿er of the t￿lIdIng. Crmsistenl provisw rA tth healing arKJ hot Nfdler has beer¢ somewhat spasmodic and has ￿qUired Ihe intwv￿l1r￿ of eryirws to adjust system lo operal8 to its designed capacity and this is ￿lj(￿r@. In the day3 immediately fdkming 12th August the￿ was great aclmty n Snstslling fumilure and fumlshlngs in adiness to receive the resklenls. The malonty d fumttsj￿ and fumishing items were purchased from new end we ore very grateful to Mr Michael SaThJI￿d for his invclvemenl both in adwsing and recommending suppliern, cdc¥Jr schemes, arrangiry deliveries at appropriate times and assi8ting wth the placement of items. particulady Ihe pictures appropriate f￿ treir thati(m in th8 Hryne. Page 4 THE ROYAL CAMBRIDGE HOME TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Fk)rtrait of the first Ouke Of Cambn"dge. in th)se memory the Royal Cambridge Hc¥ne was founded in 1851, and which had for many years been hung in the ha1fv43y of 82 Hurst Road was cleane(J an(J the frame refurbished an(1 Th)w hangs in a prominent posit￿n in Ihe entrance foyer of the Home. On 21st August Ihe transfer of residents from 82 Hurst RoaLI io the new tmjilding was very skiffully handla by the staff who created a party atmosphere arKI all seventeen residents were safely installed by lunchtime on that day and were introduced to their new surroundings The Home's gardening contractors have undertaken a considerable amounl of ￿￿rk in prowng planting of trees ané shrubs surrounding the car parking area al the front of the building with further landscaping of the rear gardens. The cedar tree forms the major fo¢us of Ihe rear garden but is now supplemented wlh further planting including a subslanlial olive tree logelher a var￿ty of shrubs. trees elc. Landscaping has also provided a paved pathway arouné part of the lawned rear garden. A wothshoplslore together wlh aédilional storage sheds and a staff smokSng"gazebo' have also been a(Jde(l. Rtvlèw of the Yoar As at 1st April 2024 Ihere ￿re 17 residents in Ihe Home. During Ihe year ￿ admitted 13 resl(Jenls for permanent slay and a further 3 residents for Va￿ng F*riods of respite care. No residents left the Home lo live elsewhere. Six reSI(ie￿tS died dunng the year. As at 31st March 2025 we were caring for 27 res¢denls. The Home, in compliance wlh a requesl from the Social Services Department of Surrey County Council conlinues to submil regular "Capacrty Checker- rep￿S adwsing the aulhofrty of availability of accommodation. staffing levels elc. and in conjunction wilh this process is T￿el￿ng applications for actyJmmod81ion under a 'DSscharge lo Assess" programme Ihe applicants Mulring aiher respiie or knng ierm care vlth short term funding being provided. Covld conllnues lo present a Ihreal. alteil much reduced. lo the heèrth and v*ll-being ol the residents and staff. The staff of the Home are consiantly alerl to the dsks %thich il presents. During the sear to 31st March 202S we expertenGed one minor outbreak wlh no major cOnWL￿nces for erther resKlents or staff. With the reduclion in the incidence of Cowd it has been p￿Sible to arrange a wde variety of acllwties, outings and entertainment for the residents and gratelul thanks are due to (he activities organisers and all the Stsff for making these very successlul and enjO￿ble. Induded are pub lunches, wsiis to Hampton Court Palace and Bushy Park, attendance al the rehearsal ol ihe Feslival pf Remembrance 31 the Albert Hall together with visits from singers and musicians and Zoolab {wlh exotic animals). Shortly after the year end the Home recaved a cage together wlh an incubator and seven eggs from vthich hatched six chicks lo fill the ground floor hallway th the sound of cheeping. In due wurse the inhabitants of the cage wll be transferred lo a coop al the rear of the Homes garden. Monthly Newsletters have continued lo be published gI￿ry a colourful picture of life at Ihe Home. notable evenis and infoimation on forthcoming acliwties. The Home's Summer Garden Paty vms hekl on 12th July then V+E were honwred to welwme the Mayor of Elmbridge , Councilknr Neill Houston logelher other fnends of the Home as well as friends and members of resiéenls, families. The traditional "Stirring The Christmas Puddi￿. ceremony vrds held on Thursday 281h November vhen we were delighted to welwme as our Guest of Honour, General Sir Jeremy Mackenae. a former Govemor of the Royal Hospital Chelsea and a great supporter of the Royal Cambridge Hc4ne over many years. Again we were jryned by residents. friends and family members We are, as ever, mindful of the vKirk and commitmenl of our staff in making the Home a happy and secure pla¢e for our residenis. Our grateful thanks to the Manager Rory Belfield and all Ihe staff for their efforts under difficult circumstances in the old building5 during the C￿[￿rUction wyyk in Ihe eartier part of the year a￿1 in particular skill and Gare shown lo the residents in the move and settling in to the new premises. sin￿ the move lo the new bUI￿l￿g the number of residents has increased and enquiries for residential care have similarfy increase(l as news of the quality of the new prefflises and the quality of care being offered has spread. Page 5 THE ROYAL CAMBRIDGE HOME TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENOED 31 MARCH 2025 Visitors are often heard to comment on the and happy atmosphèr8 the Home and thls Is due in no small measure lo the care wowd8d by the staff. ft L8 also approprlale to ra￿r￿ that Ihroughout thè ¢Xsnstructton pertod Red Conslructw)n Group have b88n very undwstanding and conslderale nelghbours and this is contlnulng th Ihelr conslnth of Phase 2 of the d￿elopment for SheKpard Tr￿St ￿rran￿Y schodul8(I to continue untll June 2026 As repKirt8d 1881 thanks to t￿ hard *tvk of Mrs VK*i O'Britin and Mrs Maggie Wllkinson the Home received accreditation in thè &)kJ Slandanls Framewjrk in seth.ng standards for the provision of "end of life . rare. The •¢ueditalh)n Is subjeca lo wular review with stsff rvA4ivirvJ appropriate training and supervislon. The trustees are very apPr￿lat￿e of the donatK)ns receNed from 8enef8clors duriw the year and many congr8tuLgllons are due to 811 t￿)$8 slaff members and friends Wr￿ took part in the Maglcol Mo18sey Evenlng In November ralslng £457. AAlditlonalty a further yjm of £415 was raised at the Summèr Garden Party and Christmas Raffles. These luThJs **re for thè ￿neffl of the Queen Mwy F￿d to provid6 entertalnment for rèsklenls RIP As recorded In last yea￿$ annual repryt nev*3 of tha death of Major John Tatham was recefved ￿th great sadness. John was 8n Inv8luabk8 member of the toard of directorfjtrvslees for 29 years and the Home benefitted greatly Irom hls loyal service lo Ihe Home. In his memory, on the first ann￿erSary of his daalh some of his ashes were Interred at the fool of the olNe tree Sn the Home's garden by John's wfe together wlh a memorlal plaque. Invutm•nt Pollcy There are no reslrlcllons on the c*artys povKr 10 Invest. Th8 inveslmenl pollty is to pmid8 a SLfftld8nl oppk)rtunty lor capllal and ino)me grovrth lo meel the Inueasing obllgatlons of m81ntaining and runnlng the Hornè whilst m8int8lning a kyw risk worl￿. The trustees regulaty revièw the investments to ensure that the portfolwj prowdes a Spread of risk 8nd balance bei%4wn equity arKI fixed interest inveslm8nls. The trustees conslder the relum on invesknenls to be satisfactory but remain vory conscb)us of the uncertslnties in the market both nalionolty and gbbally parti￿￿8￿ at the presenl tkne. R•••pM• Pollcy It is the policy of the chadty to malntsln ￿leStrIcted furxls. ore the tree reserves of the Home, ot a lev81 which equates lo approximalety three n￿nthS unr8strirAed expenditure. Al this level the Ggneral Purposas Committee feels Ihat il would be able ￿ continue to wovlde 8 h￿h sland8rd of resklential care In thè ev8nl of 8 slgnlficanl decrease In the le￿1 of funding. At the year end the had general funds of £10.868,757. Rlsk R•vlew The trustees have examined the major strategic. business and operational risks Nthich tha charlty fB¢es and confim) that systems have been established to mrtwjale Ilhjse r￿ks. VoluntMr• The Charity does rb)I rely on volunteers to deh'ver the front line seThKes to our residents. TIV are undertaken by employees at all times, many of lthom have profes$K￿81 qualifKotM)ns. The only wluntary s8Nices are proMded by the Twslees , all of wt￿M are totalty voluntary. Pege 6 THE ROYAL CAMBRIDGE HOME TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Dlsclosure of Infomiatlon to audltors Each of the persons %tho are Trustees 8t the time lthen this Trustees. Report is approved has confimed that.. so far as that Trustee is aware. there Is no re￿vant audit infcffliatson of which the charitable group's auditors are unaware, and that Trustee has taken all the sleps Ihat ought lo have been taken as a Trustee in order to be aware of any relevant audi( information and to establish Ihal the charilable 9roup'5 auditors are aware of th81 infornialir￿. Audltorn The auditors, Wellden Turnbull Limiled, have Indlcatwj their willingness lo continue in office. The designated Trustees will propose a motion reappointing Ihe auditors at a meeting of the Trustees. Approved by order of Ihe members of Ihe board of Truslees and signed on their behalf by. Mr R H Dowl•r MBE (Chair of Trustees} MrJ A Spalton FCA Trustee Dale.. l7. 12. 2>. Page 7 THE ROYAL CAMBRIDGE HOME STATEMENT OF TRUSTEES. RESPONSIBILrriES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees are responsible preparirwj the Tru$tees' Report the finandal 5ts1em8nts in accordance wlh 8pplieabl8 law aTrJ United I￿n￿rn Accounting Slandwds (United Kingdom Generally Accépted Accountiro Practice). The law applicable to tharilies in En￿and & Wale5 requires the Trust88s to yepare ffinandal ststsments for each financial which give a true and fair view ol the state of affalrs of the Group a￿1 th8 Charity arbd of thelr IncDming resoiJrc*s and application of resources. including Iheir ino)m8 expendltwe. for that peri¢)d. In preparlrKJ these ffinanclal stst8menls. th8 Trustees ar8 wuired to.. selact 5ullabl8 accountlng policjes ar41 then apply them consistenty, obseNe th8 methojs prin￿p￿S of lh8 Charilies SORP {FRS 102}'. make judgments and accounliry 8slimales th8t are reasonab￿ and pr￿dent 5t8ts whether ap￿Ica￿e UK Accounting Stsndards (FRS 1021 have been folh)wed, subject to any mal8ri81 departures discbsed and ex￿8￿r￿ in th8 fina￿181 statements: prepare the fln8ncial statemenls on Ihe going basis unless it is inapywrlate to presume that the Group I￿11 c4Jntinue In business. The TnJ8tee8 are responslble lor keeplng &Yeql￿le ac￿Un￿￿j recor(Is that 8re sufficient lo show and explaln the Group and the Charit¢s transacllons and disdose wilh reasonable accuracy 8t any time th8 financial position of the Group and the Charty and enable them Io ensure Ihot th8 financial statements compty with the Charities Act 2011, the Charfty IAccAJunts and Repc¥tsl Regulations 2[￿ ond the prOW$￿￿S of t￿ Trust dead. They are also responsible for salegu8rdir¥J the assets ol the (knup and the Charity 8Th1 henca lor taklng reasonable stèps lor the prevenllon armd detectlon of fTaL¥J arKI other wr￿ul8n118$. In so far as the trustees 8re aware. there is rn relevant audit Information of whlch the ch8ritsblo wmpanls auditor is unaware. They have laken all stsps that tsy ought lo have taken lo make themselves aware of any relevant audit inftTh8tlon ond to establish that Ihe a￿jitOr is aware of that Infom811on. Approv&fj by order of the members ol t￿ bogrd of Twstoes arKI Slgned on Its b8haW by. Mr R H Dowl•r MBE (Chair of Trustees) Mr J A Sp•l¢on FCA Trustee Dats: Pag8 8 THE ROYAL CAM8RIDGE HOME INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE ROYAL CAkq8RIDGE HOME Oplnlon We have audited the financial statements of The Royal Cambridge Home (the 'parenl chariw) and its subsidiaries Ilhe 'grwp'l for year entled 31 March 2025 vthich comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Con501idaled Slalement of Cash Flows and the related notes, including a summary of signifunl accounting policies. The financial reFK)rting framework that has been applie(l in their preparation is applicable law and United Kingdom Accounting Standards. Including Financial Reporting Slandard 102 The Finanoal Repo￿ng Slandard applbcable in the UK and Republic of Ireland. (United Kingdom Generalty Accepted AccounliNJ Pr￿lICe1. The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their ac£ounts in accordance wilh the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 1021 in preference lo Ihe Accounting and Reporting by Charities.. Ststement of Recommended Practice issued on 1 April 2005 which is relerre(i lo in the extsnl regulations bul has been wlhdrawn. This has been done in ortler for the accoL*nls lo prowde a true and fair wew in accLJrdance wth the Geneolty Accepted Accounting PraC1￿e effective for reporting peri(xYs beginning on or after 1 January 2015. In our opinion the finanaal statements.. give a Inje and fair wew of the slate of the Group's and of the parenl charitys affairs as at 31 March 2025 and of the Group's ino)ming resources and application of resources, includlng ils income and expenditure for the year then ended.. have been propedy prepared in ￿OrdanCe with United Kingdom Generally Accepted Acwunling Praclice,. and have been prepared in ac£ordance with the requirements of Ihe Charities Acl 2011. Ba818 for oplnlon We conducted our aud51 In accordance with Inlernallonal Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Audilors. resrK)nsibililies for the audit of the financkil slalements section of our report. We are independent of the Group in acexjrdance with the ethical requlremenls th81 are relevant lo our au¢Jit of Ihe financial statements in the United Kingdorn, including the Financial Reporting Counal's Elhical Slandard. and we have lulfilled our olher ethical responsibilities in accordance with these requirements. We believe that the audit emoence we have obtained is sufficient and appropriate lo provide a basis lor our opinion. Concluslons relatlng to golng Concern In auditing the financial statements. we have conduded that ihe Trustees, use of the going concem basis of accountiThJ in the syeparalion of the finan￿al slatements is appropriate. Based on the work we have perfomied, we have rK)l identified any material uncertainties relating lo events or onditions that, individually or colleGtively, may cast significant doubt on the Group's or the parent charitys ability lo conllnue as a going concern for a period of al leas( iwelve months from when Ihe finanual statements are authorised for issue. Our responsibilrties and the responsibiliiies of Ihe Trustees wth respect to gtyng o)ncern are described in the relevant sections of this report. Page 9 THE ROYAL CAMBRIDGE HOME INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF THE ROYAL CAMBRIDGE HOME (CONTINUED) Other Infomiatlon The other inf0m￿tIOn comrytses th8 inlom)ation in tre Amual Rewt 0th8r than th8 finarrAal statements and our Auditor5, Report Ih8r&)n. The Trustees are resrx)nslble for the other Information conlainod thin the Annual Report. Our OF4nion on the financial statements does t)ot cover the other infomialion and, excepl lo Ihe extenl othervAse expl￿￿lY sLited in rewt, ￿ do rd express any fomi of assurance condusion thereon. Our reSp￿sI￿11ty is lo read the other inlonnab.on arKI. in doirKJ so, r))nsMl8r %theth8r th8 Other lnfomi8tlon18 materfalty irKonslslenl ￿1th the fina￿81 statements or ￿￿r kTr)W￿jg8 Obtsi￿d in the course of the 8udit. or olhewse appears to ￿ malerialty misstated. #lentrfy such material inconsistencies or apparent material misst*ements. ￿ are requir￿1 to delermine vthether IhB gNes rise to a materlal misststement in the financial slalements themselbw. 11, bas&1 on the work Ferfom&d. V•* conclud8 that Iheffj18 8 material mlB8talement of this other Infomiation, req￿red to report that f&*. We hamw nolhivvJ to Tetth in thi5 regard. M•tt•rn on whlch w• •r• r•qulr•d to r•port by •xc•ptlon We have nolhiro to T8￿rt in respect of Ihe fclh)vAry matt8r8 vthere ￿ Chorf1i8s lAC￿Un￿ ard Report81 R8gulalion8 2008 r6qulres us lo report to if, In our opinion.. th8 infornialK)n g1￿0 In ts Tru8te88' Rwl 18 Incon818tent In ony materfal respect wlth the flnanclal ststemerrts., or the parent Chorfty has not kept suffiuant &cwnllTrJ records; or th8 parent Charity fln8ne401 statements #r8 not In agreement the ac¢Awn￿rI) reco￿6 and return8; or have rvjl rec8iN*d all the Infomallon exKAanatlons req￿￿¢ for our audtt. R••pon•lbllItl￿ of Iru•t• As explalned more fulty In the Tntslees, ReswnSibll￿8S Ststemenl, lh8 Twstees are respons1b￿ for the preparallon of the fina￿￿￿1 st*ments gi4B a In* arKJ falr vivw, aNI for SLth Iritsmal eonlrol as the Trustees determine Ss r￿SSary to an8￿9 the prWrs￿n ol flnwJal Statements that are freè from matedal mLsstslemenl, %thether due to frwd or error. In preparlng th8 flnarLial statements. the Truslees are TeswnsIb￿ for assesslng the Group's the parent charitys ability to CA)ntinue as a golr¥J cO￿8m, disck)siry. as appluble. matters related to golng concern and using the goirvj cOr￿M basis of &countir¥J unless the Trustees either inter¥J to liqukjale the Group or tre parent charity or lo ceo8e operat￿n8. or hgve ￿ realist￿ alternatfvt bul to do 80. Page 10 THE ROYAL CAMBRIDGE HOME INDEPENDENT AuD￿oRs. REPORTTO THE MEMBERS OF ThE ROYAL CAMBRIDGE HOME {CONTINUEDI Audltors. responslbilities for the audit of the financial statements We have been appointed as audilor under s￿tIon 151 of Ihe Charith'es Act 2011 and feport in accordance with the Act and relevant regulalions made or hamng effect thereunder. Our objeclwes are lo obtain reaSona￿e assurance about whether the financial stalemenls as a whole are free from material misslalemenl. whether duè to fraud or error. to issue an Auditots, Report that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee thal an audit conducted in accordance with ISAS (UK) wll always Oelect a material misst31ement lthen it exists. Misstatements can arise from Iraud or error and are Considered malerial if, indiwdually or in the aggregate, they could reasonably be expected lo influence the ecor￿MiC decisions of users laken on the basis of these finanu81 slalements. Irregularities, induding fraud, are instances of nonwcLJmplk9rKe wilh18ws and regul81ions. We design procedu￿8 in line wth our responsibilities. outlined above, to deled material misstatemenls in respect of irregularili8s,including fraud. We have identified Ihe greatest risk of a material impact on the financial statements from irregularities, including fraud, lo relate lo the limiw and reco9nilion of income and the override of control8 by rnanagement. We have obtained an understanding of the leg81 and fegulalory frameworks th81 the Company operates wthin including both those that directly have an impacl on the financial slalemenls and more widely those for which non-compliance could have a signif￿an1 impact on the Ccffipany operalions and reputation. The Companies Act 2006, The Charities Act 2011. Heatlh Care Quality Ct)mmission fegulalions, and safely regulallons, employee legislallon and dala protection are Ihose we have identified in Ihis regard. Auditing slandards limit the reqUI￿d procedures as lo r￿nCOmpli8n¢e with laws and regulations lo enquiries of those charged with govemance and rewew of any applicable correspondence. The exlenl lo which our procedures are capable of detecting irregularities. induding Iraud is detailed below.. Enquiry of management and Ihose charged wlh governance as lo adual and polenli81 liligalion and claims; Enquiry of management and those charged ￿￿th govemance lo identify any in$l8nces of non-com ￿lance with L3ws and regulations., Performing audit work over the rrsk of management override of conlrols. induding le81ing of journ81 enlrtes and other adjustments lor appropriateness. evaluating ihe business r8tionale of significant Ir8ns8Ctions outside the nom)al course of business, and revwrvj accounling estimales for I￿3¥.. Assessing the reasonableness of income recognised in Ihe peri¢)d based on contractual terms and obligations and the requiremenl of occounting standards.. and Testing the accuracy and ¢c￿p1e1enesS of diqdosures. induding significant accounting policies, related party transactions, and other critical notes. lo ensure they are presented lairfy and in accordance with applicable financial reporb'ng standards. Reviewng financial ststement disclosures a￿1 testing lo supportiThJ documentation lo assess compliance th applicable laws and regulations. Because of the inherent limitations of an audit, the￿ is a risk thal we wll nol detect all irregularities, including those leading lo a material misstatement in the financi81 stslements or non-compliance wlh regulation. This risk increases the more that compliance wth a faw OT wulation is removed from the events and Iransaclions reflected in the financial statements, as we ￿11 te less likely to become aware of inst8nces of non-compliance. The risk is also greater regarding irregu13ri1ies occurring due lo fraud rather than error. as fraud involves inlenlional concealmenl. forgery. cAlusion. omission or misrepresentation. A further descripbon of our res￿nSI￿lItieS for Ihe audit of the financial statements is kjcated on the Financial Reporting Councifs websfjte 8t.. NwM.frc.o .ukl8udilors￿$ nsibilities. This description foms part of our Auditors. Repk)rt. Page11 THE ROYAL CAMBRIDGE HOME INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE ROYAL CAMBRIDGE HOME (CONTINUED) Use of our r•port This report is made 8olety to the charitys truslees. as a body, in ac0)￿anCe with Part 4 of tha Charilies (Accounts arkj Rey)rts} R8guLqtions 2(X)8. Our audit WLYk has been urKiertaken so that we might stste lo the charftys trustees those matters we required lo state to them in an Auditors, R8tMYt and for no other purpc6e. To the fullest extent pemiitta by law, (k) rK)18ccept or assume responsit#lrty to anwne other than the charity and its trustees. as o bojy. for Cwf 8￿Jit ¥￿k. lor tlis rep￿, or fry Iho OF4nion8 we have formed. Emma Gr•en FCCA Welldon Turnbull Llmlt•d Albany House Claremont Lane Esher Surrey 10 9FQ Date: 1&1212Q25 Wellden Tumbull Llmlted are ellgible lo a¢1 as a￿JIt{￿S In tsmi8 ol seth 1212 of Comp8nies Act 2006. Page 12 THE ROYAL CAMBRIDGE HOME CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 C8pi131 funds 202S Restricted funds 2025 Unrestricted funds 2025 Total funds 2025 Totsl funds 2024 Note Income and endowmènts from: Donations and18gaoas Charitable actiwties Other trading aclivilies Investments Other incoma 2,738 2,738 1.555,313 10,837,085 1,856 3.425 1,011 1.241,720 1,555.313 10.837,085 1.856 3,425 1,461 831 Total Incoma and endowments 2.738 12.397,679 12.400,417 1,245,023 Expendlture on: Raising funds Ch8rilable acb'vib'as 311 1.940,864 290 1.234,688 10 1,940,864 Total expendlture 311 1.940,864 1.941,175 1.234,978 Ntt (expendlturalllncomo before net galns on Investmants 13111 2.738 10.456,815 10.459,242 10,045 Nel gains on investments 1,234 5.153 Net Income Transfers between funds 923 2,738 10,456,815 10,460,476 15.198 22 {43.7721 43,772 500 Net movemenl In fund* 923 141.0341 10,5(KS,587 10,460,476 15,698 Reconclllatlon of fund5'. Toial funds brought fotward Nel movement in fvnds 55,186 923 $6,745 {41.0341 368.170 10.500,587 480,101 10,460,476 464,403 15,698 Totsl funds carrled forward S6,109 15,711 10,868,757 10,940.5TI 480,101 The Consoli¢Jated Stalemenl of Finanaal Activities indudes all gains and losses Tecognisetl in the ye8r. The notes on page5 17 to 33 form part of these finawal statements. Page13 THE ROYAL CAMBRIDGE HOME CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Flx•d •M•ts Tanglble 8$88ts Investments 15 17 10,337,69) 56.109 564,408 55,186 10,393,759 619,594 Curr•nt a•Mts Stocks Debtor¥ Cash at bank and in hand 18 19 27 3.454 226,93S 578,445 2,669 137,207 113.699 253.575 Credltors.. amounts falllng due withln {262.016) 1393.068} N•t curr•nt aM•t• I Ilabllltl•• 546,818 {139,4931 Totsl aJ••ts Ims ¢urr•nl Ilabllttl•• 10.940.577 480.101 Totsl n•t •s••ts 10.940.577 480.101 Charlty fund• ETrYowmenl funds Restricted funds 56,109 15.711 10.868.757 55,186 56,745 368,170 Unrestricted funds Totsl fund• 10,940,577 480,101 The flnandal 81alem8nls appro%*d and au11th￿ ￿ issue by Ihe Trustees and slgnod on thelr behaff by.. Mr R H D¢)wl•r MBE (Chair of Truste85) Date: 17. 1&. xs. The Th)tes on pag8s 17 ￿ 33 fomi part of tsse financial statements. MrJ A Spalton FCA Trustee Page 14 THE ROYAL CAMBRIDGE HOME CHARITY STATEMENT OF FINANCIAL POSITION S AT 31 MARCH 2025 2025 2024 Note Fixed assets Tangible assets Investments 15 17 10.337.650 92.263 10.337.651 92.265 Current assets Debtors 19 402,820 402,820 Creditors.. amounts falling due wthin one (37.671) N•t current assets I Ilabllltle• 402.820 137.6711 Total 88J•ts less currnnt Ilabiliti 10.740,471 54,594 Total n•t as8et8 10,740.471 54,594 Chartty funds Restricted funds Reslricled funds Unreslricled funds 43.772 43,772 General funds 22 10.740.471 10,822 Totsl unresiricled funds 22 10,740,471 10.822 Total funds 10.740,471 54.594 The financial slaiements were approved and authoris&J for issue by the Trusiees and signed on their behalf by.. Mr R H Dowler MBE Ichair of Trusleesl MrJ Aspalton FCA Trustee Dale.. 17 .1%.24>'. The notes on pages 17 to 33 fomi part of these financAal statements. Page 15 THE ROYAL cAMBR￿GE HOME CONSOLIDATED STATEMENT OF C￿sH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flaws from op•rntlng actlvlths Net ¢ash usod In operating actiwties Not• 26 {439.581) 69.844 Cash flows from InvMtlng acllvltl•• D￿dends. in16rnsts and rents from irNestynwts Portlolio management fees pr(￿eedS from the sale of tanglble fixed assets Purchase of larrfJSble ffixed assets Proceeds from sale of Investments Purchas8 of Investments 5.281 13111 10.983,592 (10,084,030} 5,047 15,2S21 2,292 {2￿) {63.860} 12,2401 N•t ca•h pravld•d bylluMd In) Invmtlnq •ctMtI•• 4.327 (64.098) Cash nows fram flnanclng actlvlll•• N•t ￿*h pro¥ld•d by flnanclng actlvltl•s Change In ulh and •qulv•l•nts In th• y•*r Cash and cash equ￿alents at the b&Jinning of the year 464,746 5,746 107,953 113,699 Cash and ￿1￿ •qulv•hnts at th• •nd of th• ￿•r 578,445 113,699 The notes on pag85 1710 33 fomi part of these ffinandal slalwnents P￿e 16 THE ROYAL CAMBRIDGE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General infomiatic*n The Royal CambriO3e Home is an Unl￿)[pO￿ted charity register&J in England and Wales {charity number 2256741, with its regisler&J office arKI principal of business al 84 Hurst Road, East Moles8y. SurTey, KT8 9AH. Accounting polScl•s 2.1 8asls of preparatlon of fi￿n¢[SI ststements The financial statements have been prepared in accLJrdance wth the Charities SORP IFRS 1021 Accoun¢Jng and Reporting by Charities.. Siatement of Recommended Practice applicable lo charities pr8p8ring their accounts in accorda￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} leffecbve 1 January 20191, Ihe Financial Reporting Standard applicable in Ihe UK and RepublK of Ireland {FRS 1021 and the Charities Act 2011 and UK Generally A£c8pled Practice. The financial stat8menlS have been prepared to give a 'lrue and fairf view and have departed from the Charities (Accounts and R8POrtsl Regulations 2008 only to the extent required lo provide a 'lru8 and fairf view. This departure has involved followng tho Charities SORP IFRS 1021 published in October 2019 ralh8r than the Accounting and Rep￿Ing by Charit18s.' Staloment of RocDmmended Practicé effective from 1 April 2005 which has sinca b8en wilhdrawn. The Royal Cambridge Home meels the definition of a public benefit entty under FRS 102. Assels and liabilities are initially recognised al historical cost or Ifansaclion value unless otherwise stated in Ihe relevant accountlng policy. Tho Consolidaled Statemenl of Financial Aclivities ISOFAI and Consolidated Balance Sheel consolidate the finanual slalemenls of the Charity and its subsidiary undertaking. The results of the subsidiary are consoli(Jaled on a line by line basis. 2.2 Pr•$entatlon ¢urrnncy The group functional currency Is sterllng and xcounts are presented in sterling, and rounded lo tha nearest £. 2.3 Incom• Grants and donations, including granls lh8 purchase of fixed assets. are recognis8d in full in the Slalemenl of Financial Activities when received. Residents. contributions are Tecognised over the p8rw)d of occupation. - Accommodation incnme is recognised over the pericrfl of staff occupation. Inveslmenl income is derivod from investments listed on the UK stock exthange and is acrLJunted for when receivable. - Gits of fixed assets are induded al a fair value 8stimaled by the Irustees al th8 dale of receipt. Other income is recognised in the period in which il is receivable and to the extent the g¢y)ds have been proV"￿ed or on complets)n of the service. Page 17 THE ROYAL CAMBRIDGE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcl•s (contlnu•d) 2A R•￿urG•S •xp•nd•d R6sources expended are rec(*Jrised in the period In they are Incurred and indude attributable VAT which cannot b8 recovered. Costs of xtimijes comprise direct costs and suppM costs incurred in prov*Jir¥J reskléntlal care. Fundraising costs ¢(mprise puNKty and costs ossouated vAth fundralslng. Governance exp6nses GcKnprise costs Ir￿fred in t￿ administration of th8 Home. Where costs Canr￿)I bo ￿l￿tty attributod to t￿se catwrl63. overh8ad costs are apportH?n8d on the follovAng bask8, based on spxe Provision of core (charilable •GtMbas> 95% man￿emonI and 8dministrallon (govornonce costs) S% Expenditure on raising funds In¢￿deS 011 exponditure incurrèd by th8 Group to raise funds for Its ¢haritable p￿r￿s8S and lrtludès costs of 811 fvndraissng a¢tfviti'es events and nOn&￿￿table trading. Expendilure on choritablé incurrod on dlr• uThJortaklng the acllvtt* whkh furthar tha Group's obAectlves, as wèll 8$ any 0$81xlated suprth costs. 2.5 0•pr•clatSon of tsnglbl• flx•d •8••ts TanglNe fixed 08set$ are carr￿1 at ￿*1, n61 of d8pr6chgtion and any pr￿SlOn for Impalrnent. Depreciolion is pro¥ided at rates Calculat￿ to ￿lt8 off th6 costs of fixed ass8ls.1o$s their 6sllmat6d resldu81 value, ovor their expected useful IN8¥ on the f0lbv￿r¥ b8S88'. Land & Building Equipment FLxtures and frttings C￿p[rtèr equitrfntnt Other fthed assets 25% 10% 33% Not dopredat•J 0th8r fixed 888ets c￿8181 of the (x)sts i￿￿Trod In relatlon to obtalning plgnnlry pernission for Ih&J8vekyment ol tho new tr￿Me. TW we not dewecbtod unlil the assel18 In use. Assets are nonnalty capitaliqed where the purchase prlL* exc*￿8 £S)O. Asséts brought In the flnal month of finorKi81 end not d8pr&laW until the next >wr end a¢o)unts. 2.6 lnv￿tm•nts Investménts hdd as fixed assets are valu&1 at the mid4narket Value at the balance 8h8et dalè ond the gain or loss on (lisposal taken to the Statement of Fina￿101 Activitie¥. Inve8trnents in subsKliarigS oro valued at cost less prO￿510n for Impairment. 2.7 8tock# stC￿ consists of focxl deaning maleriab and is valued ot Ihe low8r of cost and n81 realisalle value. 2.8 UnMtrkt•d Funds Unrestricted funds comprise donatiorts and other voluntary irKome receiv8ble or geneTated for the c*iects of the charity and are aVaila￿e as general fu￿1$. Page 18 THE ROYAL CAMBRIDGE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 countlng poll¢1￿ {contlnued) 2.9 Designated Funds These are unreslricted funds eannarked by the trustees for a particular purpose. 2.10 Restricted Funds Resldcted funds are to be used for Spe￿fiC purposes as Lqid down by the donor. Expenditure vthich meets these criteria is appl￿ lo Ihe fund together with a fair allocation of managemenl and support cosls ￿ere applicable. 2.11 Expendlture Expenditur8 is rewnised once there is a legal ￿ conslruclive obligation to transfer ectsnomlc benefit lo a third party, il is probable Ihal a transfer ol ecc￿￿￿1¢ benefits wll be required insetilemenl and the amount of the obligation ean be measureo rella￿y. Expenditure is classified by activity. The cosls of each actswty are made up of the lotal of direct costs and shared costs, includlng support costs Involved In undertaking each actNity. Direct costs attributable lo a single activity are allocated directly to that acts"wty. Shared costs which contribule to more than one activity and support costs which are not attributable lo a single activity are apportKsned be￿een those activilies on a basis consistent with Ihe use ol resources. Central staff costs are alk¢aled on the basis of lime spent, and depreciation charges allocated on Ihe wb'on of the asset's use. Expenditure on raSsing funds includes all expenditure incuffed by Ihe Group lo raise funds for ils harilable pur￿SeS and Indudes costs of all lundraisiro aclTvities events and nonnsolldat&J Statement ol Flnandal Ac￿3 on a strabghl.llne over Ihe l&as8 lemi. 2.17 Fund •¢¢ounllng G8naral fiJnd8 are funds avaiLgblg for use at the disryetkn of the Truste88 In furtheranc4 of Ihe goneral oty'ectlves of the Group and not b8en d88ignat•J for other purposes. Re$trlct8d lund5 are funds thlch are to be used In accordance vAih SfeLlfic reslrlclSons Smposed by donors or hav8 baen raiwj by the Group for parti￿laT purposes. The costs of raising and administering Suth furKl$ are tharg&J against th8 spedfic furvj. The JIM ¥rKI u88 of each r881rlct8d fund Is sel out In the notes lo the financial statemerrts. Irwestmont Ino)me, galns aThl k>8￿$ ara alkxaW to the approwlale lund. Crftlcal accauntlrbll •Atlmat•• and *••• dJ￿19m0nt Estimates and judgm8nts are rJJntinually evaluated and are bas￿ on historfcal exparlenc8 and olh8r fadors, including ex￿110￿ of future events that are beliewd to be reasona1￿8 undèr the rcumstances. Crltlcal aCC￿ntI￿j estimates arKI assumpt*Jns". In prior years, the Charlty has been giW a number of F48ces of artwork by th)nors. Thè arfv￿rk comprises one off pieces vknose Wdlue cannot be easly detemlned. Due to the drfficulty in a$signir¥J a value lo th8 aIN￿rk, t￿? Trustees are not able to rel￿blY measure thelr falr value. Income from donatlons and legac Reslrid8d funds 2025 Total funds 2025 Totsl funds 2024 Oonations 2.738 2.738 1,011 P￿e 20 THE ROYAL CAMBRIDGE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income Irom charitable actlvltles unrestn.cted funds 2025 Total funds 202S Total funds 2024 Residential care fees 1,555.313 1,555.313 1,241,720 In￿m0 from oth•r tradlng actfvttlos Unre51ricled funds 2025 Total funds 2025 Total fvnds 2024 Raffle & Events Profit on sale of fixed assets 350 350 10.836.735 10,836.735 10,837.085 10,837,085 Inv•stment Incom• Unreslricled funds 2025 Total funds 2025 Total funds 2024 Dlvidend income 1.856 1,856 1,461 other incoming resources Unrestrithd funds 2025 Total funds 2025 Total funds 2024 staff ￿comMC￿aIi0n income 3,425 3,425 831 Page21 THE ROYAL CAMBRIDGE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S Inve•tm•nt m*n*g4ment costs Endo￿nant funds 2025 Total funds 2025 Totsl funds 2024 Portfollo managem8At C¥Jsts 311 311 10. Analy•l• of •xp•ndltur• on charttabl• actMtI•• Summary by fund typ• Unreslricted fvnds 2025 T¢Xal 2025 Tctsl 2024 1,940,864 1,940,864 1,234,688 11. An*lyBl• al •xp•ndltur• by •¢tfvlll urKltrtakan dI￿llY 2025 Support Totsl fund 2025 Totsl funds 2024 2025 1,YJ6.412 434.452 1.940,864 1,234,688 P￿8 22 THE ROYAL CAMBRIDGE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure by activities (continued) Analysls of direct Costs Totsl funds 2025 Tol81 funds 2024 Activities 2025 Stsff ¢xJsts DeprecAation Agency staff Messing Water rates Repairs & garden maintenance Ught & heal Insurance Cleaning & waste removal CQC registration fees Advertising Hire of equipment Slaff recruitment Stsff training Care ol residents Residents. entertaining 881,629 13,S99 149,872 91.711 11.183 84.192 106,153 30,158 42,057 5,882 7.144 15,340 881.629 13,589 149.872 91.711 11.183 84.192 106,153 30,1S8 42,057 5,882 7,144 1S,340 629.081 32.720 55.783 85,510 8.473 51.332 55,691 24,066 29,857 8,438 745 10,974 iii 9,889 12,330 35,S92 9,691 9,889 12,330 35,592 9,691 1,238 6,640 26,561 11,737 1,506,412 1,506,412 1,038,846 Page 23 THE ROYAL CAMBRfJGE HOME NOTES TO THE FIN1￿cIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Analysls of •xp•nditur• ty •¢tivill•• (contlnu•dl An•ly•l8 of •upport co•¢• Totsl fund5 2025 Total fLtnd8 2024 Activitses 2025 Stsff costs D8pred811¢Jn Motor & travel staff enlgrtainment Prlnling, postage & stathry Tel8phone General 8xpon8es Bank charges L8gal & profe8slon81 fe88 Computer and website expenses Govemance costs 197,699 19),858 1,192 6.713 7,756 4,508 13.105 1,274 14,149 15,478 197.699 150,858 1,192 6,713 7.756 4.508 13.105 1.274 14.149 15,478 132.114 2.000 7,874 3,789 1.203 1,098 11,407 10.766 iii 21,720 21.720 14.034 434,452 434,452 195.842 12. Audltor•' r•mun•r•tlon 2025 2024 Fées paydble lo the Charitrfs 8Lhfjltor and its aS￿l8te6 for the audll of the Charivs annual aC￿￿nIS 12,860 Feés payable lo the Charitys auditor in res￿ of.. All ncTr8udit servicfjs not YKluded al 9,060 8.534 Paga 24 THE ROYAL CAMBRIDGE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Staff ￿$ts Group 2025 Group 2024 Wages and salaries Soual security Q)Sts Contribution to defined ccffltrlbution penslon sthemes 985.912 73,915 19,501 698,957 48,850 13,388 1.079,328 761,195 The average numb8r of persons employed by the Charlty durong the >ear Vfds as folk)ws.' Group 2025 No. Group 2024 No. Residential eare Management arKI adminislralion 43 39 47 The nUM￿r of employee$ vknosè employee tenefils lexchjdlro employer pensi￿ costs1 exceeded £60.000 vras.. Group 2025 No. Group 2024 No, In the band £80,001- £90,OCN) Key management personnel reMUr￿la￿0n iotalkd £81,22212024 - £58,4¢)0). 14. Trusteèj. r•mun•rntlon and •xpon$ès During Ihe yEar. no Truslees re￿Ned any remuneration or other benefits12024 - £NILI. During Ihe year end8d 31 March 2025, no Trustee expenses have been incurred12024- £NILI. Page 25 THE ROYAL CAMBRIDGE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. Tanglbl• fix•d a88•ts Group and Ch•rlty Freehold Plant and Fixtures arKI Computer Other fixed Mot machinery fittiros equipment assets vehides Total Colt or vlluatlon Al 1 April 2024 Additior Transfers Intra group Dlsposals 128,227 9,644,983 18,O)5 317,239 429.199 44,034 396,525 31.772 935,802 10,084,030 396.525 1111,2081 1396.525) 118,(M)51 (317.239) 153,8821 1500,3341 Al 31 March 2025 10.058,527 429.199 31,772 10,519,498 D•pr•¢l•tlo Al 1 Aprfjl 2024 Chargo f the year On disposals 18,LK15 248,357 37,296 31.772 371,394 101,197 136.7461 Sg.975 3,275 (la,￿5) 1258.671) 140.5711 164,447 1353,9931 Al 31 Mar¢h 2025 100.415 49.661 31,772 181,848 N•1 book valu• Al 31 Mar 2025 9.958.112 379,538 10,337.650 Al 31 Mar 2024 92.263 6.738 396,525 $64.408 During the year, the Parent Charity demoli8hed its existiTrJ premises, vthlth woro cKGupied by the Subsidiary. The assets relating to the old pr￿lIseS induding ￿aTht. furnitu￿, and computer equipment had a net book value of £468,404 at the date of demdibon. This amount induded £396,525 of capitslised development costs relaliro lo the of the new care hcme. The lolal htss on disposal was recognised by the Parenl Charity, whth owns the new buildirvJ and has capilali*J the associ￿ new assets. Conwjuenty, the k)ss appears in the ￿s￿l￿ated Ststemenl of Flnancial Actiwtses. PwJe 26 THE ROYAL CAMBRIDGE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Investments Group Group 2025 2024 Market value brought foNtsrd Acquisitions al cost Sales Pr￿eedS from disposals Brokerfs management lees Increas8lldecrease} in cash deposits InGreaselldecrea$el in market value in thè year 55,186 5,252 {5,0471 50,323 2,240 1516) 1.234 12,5301 5.153 Markat value carrl•d forward 56,109 55,186 2025 2024 Markot valu• of Inv•stfflonts by clam: UK Fixed Inlerest Bonds UK Equities Non UK Equili88 Allemalive Assets Cash deposits 5,017 12,574 34,858 3.361 299 7.793 15.562 27,646 3,744 441 56,109 5S,186 Investments are Induded al faSr value. Quoted investments are valued al fv d05ing market price al the balance sheet date. All investments are dassified as Level 1 in the fair value hierarchy, as the valuation is based on quotad prices in aclive markets for identical assets. The nel gain or loss arisSng on revalualion of investments during the year has been included in the Statement of Financial Aclwities under"Gainslllossesl on investsments. Page 27 THE ROYAL CAMBRIJGE NOME NOTES TO THE FIPIANCIAL STATEMENTS FOR THE YEAR ENDED 31 PAARCH 2025 17. Flx•d aM•t Involtments Investmènts Group Cost or v•luatlon At 1 April 2024 Additior Disposals 55.186 5.110 14,1871 At 31 March 2025 56,109 Investments In subsidlary c¢xnp8nl8S Ch•vlty C￿t or v*lu*tlon Al 1 April 2024 Dlsposals Al 31 March 2025 The wholly ow￿￿ subsidiary undwtaking of Charity was Rcryal Cambridg8 Hom8 Llmited, a chanlable company limited by Waran￿ the same prirKipal pla&9 of b￿1r￿S as th8 par8nl charity. The rwJi8lered off￿8 of the company 1$ Albany House. Clarem¢)nt Lan&, Esher. Surrey. l(r10 9FQ. 18. Stock• Group 2025 Group 2024 Slc¢k of fcod arKI cleanlNJ materlals 3,454 2.669 19. D•btors Gr￿P 25 Group 2024 Charity 2025 Chadty 2024 Due wlthln one year Trade debtor8 Amounts by groJp ￿Klertaki Other debtc￿S Prepayments and aLtrued incom8 175.337 103.135 402.820 1,100 32.972 47.954 226.935 137.207 402,820 Pag8 28 THE ROYAL CAMBRIDGE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 20. Creditors: Amounts fallin9 due wlthin one year Group 2025 Group 2024 Chanty 2025 Charity 2024 Trade creditors Amounts owed lo group undertakings Other laxauon and sccial security Pension fund loan payable Other creditcKs Accruals and deferred income 229.101 37.671 22.224 17.797 1.969 4.705 139.496 2.540 182.444 262,016 393.068 37,671 Deferred income relates lo care fees for serwcas lo b8 prowded in April 2025, vthi¢h were invoiced in March 2025, prior lo the year 8nd of 31 March 2025. Tha incA)me wll be recognised in the peri¢>J in which the related eare seNces we deliverwj. 21. Flnanclal Instruments Group 2025 Group 2024 Flninclal 888et8 Flnancial assets measLred at fair value Ihrwgh irujme and expendlture 56,109 55.186 Flnancl81 assets measured al fair value through Income and expenditwe cLJmprise investmenls held lo generate relurns to support the charills actiwties. The invastmenls are stated al market value at the balance sheet dale. Page 29 THE ROYAL CAMBRIDGE HOME NOTES TO THE FWANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 St•tom•nt of fund• Balance 81 31 hAarch 2025 Balance at 1 April 2024 Transfer5 inloLrt Gainsl (L05s851 Income ExpwKliture Unr•8trleA•d funds G6neral Funds 368.170 12.397.679 {1.940.864) 43.772 10,868,757 endowm•nt Dd8 En¢S)wm8nl Funds - all funds 55,186 1311) 1.234 56,109 RO￿rkI•d funds Queen Ma￿9 Fund Investrnent Property revaluatlon rese 12.973 2.738 15,711 43.772 (43.772) 56,745 2,738 (43,772} 15,711 Totsl of fund• 480,101 12,41J],417 11,941,17S> 1,234 10,940,577 23. Summary of fund• Summary of funds- cuTh•nt y••r Balance al 31 March 2025 8al8nce 8t 1 Awil 2024 Transfers 1￿C Gainsl (Losses) Income Expenditure General funds EndowTnent funds Restr￿ted funds 368.170 12.397.679 (1.940.864) 43.772 10,868,757 55,186 56,745 (311) 1.234 56,109 15.711 1738 143,7721 480,101 12.400.417 {1,941,175) 1,234 10,940,57T THE ROYAL CAMBRIDGE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S 24. Purposes ol restricted funds Queen Marfs Fund Ils purpos8 is to fund entertainment. outir￿s and luxury items for the ￿SIdentS. 25. Analysls of nel assets between fvnd5 Analysls of n•1 ¥ss•t8 b•tw••n fvnds - curr•nt year Resiricled Unr8Strict8d funiis funds 2025 2025 Total funds 2025 CarAtal lunds 2025 Tangible fixèd assets Tradè investments Current assèts Creditors due wlhln one year 10,337,650 10,337,650 56,109 793,123 808,834 1262,0161 1262,0161 56.109 15.711 Total 56,109 15.711 10,868,757 10,940,577 26. Reconclllallon of n•t mov•rn•ni In funds to not c•sh flow from owr8tlng 8ctlvb¢l•s Group 2025 Group 2024 Nel income for the y88r las per Staiemènl of Financial Acliwti"esl 10,460.476 15,198 Adjustments for- Depreciation charges LosslGains on investments Diwoends, int8resls and rents from investments Increase in stocks Increase in debtors Increaselldecreasel in creditors Portfolio Managemelll Profit on sale of fixed assets Introduc8 of capit￿ fund 164,447 11,234} 15,281 } 17851 189,728} 1131,0521 311 110.836.735} 34.282 {5.1531 12.2921 120,6511 47,379 290 791 Net cash provlded byl(used inl operating activities 1439,581} 69.844 Page 31 THE ROYAL CAM8RIDGE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 27. Anaty815 ol cash and ca•h •qulvalènts Group 2025 Group 2024 Cash ￿ harkj 578.445 113.699 An•ly•l• af chanqts In n•t d•bt Al 1 Aprfl 2024 Cash kn8 Al 31 Marth 2025 Cosh ot bonk and in hand Dobl due withln 1 yoar 113,699 (1,969> 464.746 12,3791 578.445 {4.348} 111.730 462,367 574,097 29. R•l*t•d ￿rtI•l During th8 yaar. the wtholty 0¥w￿l 8ub8idiwy transf8rr•J ￿ Ih8 parent ch8rtty. Th8 Royal Cambrfdge Home, a loss on disposal of fixed 8888ts 8mounling ¢0 £71.879, arlslng on th8 damolthn of th8 fomar buildlng and relalad 888et8 that were no l(ry8r in use. In èddlJon, woc••d8 from ol land lotslllry £1,356,028 r￿•￿¥￿ by th• 8ub8kllary on behalf of the parent chanty. UrKler the chartys inslruction, th8 subsidiary utilised part of these procaods lo $9tt18 professlonal fe88 relating to the conslruclion of tha Mw buihjing amountirwJ lo £396,525. Th888 C08ts were initially capitalised in Ihe 8ub8idiaWs actounts but wer8 S￿SeqUentIY lrnnsf8rr8d to the charity and now fomi part of the capitali¥ed buildirwJ wthh thé chorivs finand818tslements. Tha sub8idi8ry 0180 mod• poynenls totalllw £429,199 for tho wrth880 of fixtur•8 aThJ fumitur8 on b8half of tho charty. At th8 yaar and. tha subsidiary thved lh8 parent charlty £402.82012024 - £37.671 payable). The b8lanc418 interesl-freg and rgpayablg on dgmand. P•n8lon commltm•nt• group operates 8 defined crmlrbulion penS￿n $d￿rne. Th8 as88ts of the sthame are hokl Soparatoly from Ihosa of tha group in an Ir￿ependen1lY ajminislerad furKI. The pension cost charga rapr8sants contributions payatrAe by the group to the fund and amountel to £19.501 12024- £13,388). £4,34812024 - £1.969} of contributions were pwable lo Ihe fvrKI at the balance sheet datg and are ind￿ed in creditors. P8ge 32 THE ROYAL CAMBRIDGE HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 31. Op•rating lease commitments Al 31 M8rch 2025 Group and the Charity had commitrnents lo make future minimum lèasè payrnents under non-cancell8ble 0￿ratIng leas8s as follows.. Group 2025 Group 2024 Not later than 1 year Later than 1 ye8r arKI nol Lgler than 5 years Later than 5 years 16.818 54.943 15.228 350 86,989 350 The following le85e payments have been recojnised as an expense in the Statement of Financial ActNlties'. Group 2025 Group 2024 Operating lease rentals 9,448 Prlnclpal *ubsld5arl•s The followng w85 a subsidiary undertaking of the Charity-. The financial results of the subsidiary for the ￿ar were: uitlmate ¢ontro115ng party The Truslees 8re the ulumate conlrollin9 party. Page 33