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← Richmond House Crieff

2025-06-30-accounts

Charity registration number SC000685 (Scotland)

RICHMOND HOUSE CRIEFF SCIO

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

RICHMOND HOUSE CRIEFF SCIO

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J Greer
S Dawe
M McPhater
S Wylie
J Foster
A Haddow (Appointed 24 August 2024)
J Carnegie (Appointed 27 May 2025)
L Black (Appointed 21 August 2025)
Charity Number Charity Registration No, Scotland SC000685
Registered office Richmond House
Drummond Terrace
Crieff
PH7 4AF
Auditor BK Plus Audit Limited
144 Nethergate
Dundee
DD1 4EB
Bankers Bank of Scotland
1 Galyelmore Street
Crieff
Perthshire
PH7 4DN
Solicitors J & H Mitchell WS
51 Atholl Road
Pitlochry
Perthshire
PH16 5BU

RICHMOND HOUSE CRIEFF SCIO

CONTENTS

Page
Trustees' report 1 - 8
Independent auditor's report 9 - 11
Statement of financial activities 12
Balance sheet 13
Statement of cash flows 14
Notes to the financial statements 15 - 24

RICHMOND HOUSE CRIEFF SCIO

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 JUNE 2025

1. Reference and Administrative Details

Richmond House, Crieff operates as a Scottish Charitable Incorporated Organisation (SCIO) in accordance with its written Constitution.

The charity was formed following incorporation of the former unincorporated charity, Crieff and District Auxiliary Association, and continues to operate from the same premises which also serve as the principal office address.

As a registered charity, Richmond House is distinctive within the Scottish care home sector. All income received by the charity is used exclusively to advance our charitable objectives. There are no shareholders, and any surplus is reinvested directly into the home for the benefit of our residents and the wider local community. The sole beneficiaries of our work are those we support, through the dedication of our staff and volunteers.

The charity is regulated by:

All staff undertaking regulated care are registered with the Scottish Social Services Council (SSSC).

The charity is also a member of Scottish Care.

RICHMOND HOUSE CRIEFF SCIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

2. Structure, Governance and Management

The charity is governed by a volunteer Board of Trustees who meet regularly and receive no remuneration.

Sub-committees are formed when required. Trustees declare any conflicts of interest in line with policy.

The Principal Officer oversees business and contractual matters, supported by the finance officer, business support and sub-committee.

The day-to-day management is undertaken by the Registered Care Manager and care team.

The Treasurer oversees financial ownership on behalf of the Board.

Trustees during the year:

Trustees during the year:
Name Appointed Resigned
Margaret McPhater 01 April 2010
John Greer 09 November 2015
Susan Wylie - Chair 26 September 2022
Simon Dawe - Treasurer 16 January2023
Jane Foster 25 June 2024
Alex Haddow 24 August 2024
Joyce Carnegie 27 May2025
Lucile Black 21 August 2025
Alice Macdonald 19 June 1995 25 November 2024
Irene Anderson 02 February2015 25 November 2024

RICHMOND HOUSE CRIEFF SCIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

3. Activities and Care provision

Residential Care:

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Staffing and Capacity:

Volunteers:

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

RICHMOND HOUSE CRIEFF SCIO

4. Community Impact

Weekly community programs run from the community hospital, attracting 80+ regular participants.:

Services include:

Outcomes:

These programs are delivered by staff and volunteers working in partnership, ensuring consistent delivery and quality.

5. Achievements This Year

During 2024–2025, the charity achieved:

RICHMOND HOUSE CRIEFF SCIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

6. Premises Improvements

Investment was made to improve safety, comfort, and accessibility:

These improvements directly support resident wellbeing and regulatory compliance.

7. Partnerships and Funding

Grant Funders:

Support was received from:

Funding supported:

Crieff Kids Week, Crieff Rotary Club, Bertie Bus, PK Council, PKAVS, Live Active Leisure, Royal British Legion (Crieff), Perth Theatre, Music in Hospitals and Care, Hospital Radio Perth, Soroptimists International, Scallywags Nursery, St Dominic’s Primary School, Morrison’s Academy.

The charity also benefited from local fundraising and individual donations, demonstrating strong community support.

RICHMOND HOUSE CRIEFF SCIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

8. Future Plans

Capacity Expansion (Specific & Time-Bound)

Objective: Increase capacity from 19 to 25 beds through a phased building project. Our objective is to ensure the long-term sustainability of Richmond House, and capacity growth is the primary strategy for achieving this

Planned developments include:

Service Development:

Financial Sustainability:

9. Trustee Responsibilities

Trustees are responsible for:

10. AUDITORS

STATEMENT AS TO THE DISCLOSURE OF INFORMATION TO THE AUDITORS

The Trustee Board Members who were in office on the date of approval of these Financial Statements have confirmed, as far as they are aware, that there is no relevant information of which the Auditors are unaware. Each of the Trustees has confirmed that they have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that it has been communicated to the Auditors.

RICHMOND HOUSE CRIEFF SCIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Financial review

There was an overall deficit of £169,161 for the year. Within this overall deficit there was an unrestricted deficit of £138,393, primarily attributed to a loss of income during the refurbishment period when rooms were unavailable. The restricted funds deficit of £30,768 arose from spending the refurbishments grant fund received in the previous years.

The community activities services provided are completely reliant on grants as they are provided at no charge to participants.

Our target reserves policy is established to ensure we can cover operating expenses for a period of three to six months. As of June 30, 2025, the unrestricted net current asset stood at £181,738.

The charity is committed to gradually enhancing its financial resilience by formalising reserves to cover six months of operational costs.

Projects involving the division of a room and the development of the flat on the third floor are anticipated to enhance the overall financial sustainability of the home.

The trustees who served during the year and up to the date of signature of the financial statements were: J Greer

J Greer
I Anderson (Resigned 25 November 2024)
S Dawe
A MacDonald (Resigned 25 November 2024)
M McPhater
S Wylie
J Foster
A Haddow (Appointed 24 August 2024)
J Carnegie (Appointed 27 May 2025)
L Black (Appointed 21 August 2025)

Statement of trustees' responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in Scotland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

, RICHMOND HOUSE CRIEFF SCIO

|

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

The trustees’ report was approved by the Board of Trustees.

Trustee Date: _dS\o2 lak ‘

-8-

RICHMOND HOUSE CRIEFF SCIO

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF RICHMOND HOUSE CRIEFF SCIO

Opinion

We have audited the financial statements of Richmond House Crieff SCIO (the ‘charity’) for the year ended 30 June 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:

RICHMOND HOUSE CRIEFF SCIO

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RICHMOND HOUSE CRIEFF SCIO

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

At the planning stage, we assess the risk of material misstatement and any such irregularities and design audit procedures tailored to these risks which will be followed to ensure that we are capable of meeting our responsibilities in this area.

Factors relevant to our assessment, which have a positive impact on the capability of our procedures to detect such irregularities, are the size of the entity, the complexity of the entity's operations and our understanding of their regulatory and control environments.

The staff working on this audit assignment have been fully briefed in relation to the charity's activities, including the regulatory regime in which they operate. As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

:

RICHMOND HOUSE CRIEFF SCIO

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RICHMOND HOUSE CRIEFF SCIO

ce

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

nan C.A. (Senior Statutory Auditor) For and on behalf of BK Plus Audit Limited, Statutory Auditor Chartered Certified Accountants 144 Nethergate Dundee DD1 4EB Date: at Nerd, 1016

BK Plus Audit Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

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RICHMOND HOUSE CRIEFF SCIO

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
1,524
45,142
Charitable activities
4
1,175,196
-
Investments
5
3,800
-
Total income
1,180,520
45,142
Expenditure on:
Charitable activities
6
1,318,913
75,910
Total expenditure
1,318,913
75,910
Net expenditure and
movement in funds
(138,393)
(30,768)
Reconciliation of funds:
Fund balances at 1 July 2024
910,609
142,050
Fund balances at 30 June
2025
772,216
111,282		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
46,666
2,528
76,932
1,175,196
1,064,919
-
3,800
4,971
-
1,225,662
1,072,418
76,932
1,394,823
1,079,667
121,345
1,394,823
1,079,667
121,345
(169,161)
(7,249)
(44,413)
1,052,659
917,858
186,463
883,498
910,609
142,050		 Total
2024
£
79,460
1,064,919
4,971
1,149,350
1,201,012
1,201,012
(51,662)
1,104,321
1,052,659

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

RICHMOND HOUSE CRIEFF SCIO

BALANCE SHEET

AS AT 30 JUNE 2025

Notes
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
16
Unrestricted funds
17		 2025
£
£
684,203
165,815
219,811
385,626
(186,331)
199,295
883,498
111,282
772,216
883,498		 2024
£
£
708,058
263,849
211,539
475,388
(130,787)
344,601
1,052,659
142,050
910,609
1,052,659		 2024
£
£
708,058
263,849
211,539
475,388
(130,787)
344,601
1,052,659
142,050
910,609
1,052,659
1,052,659
142,050
910,609
1,052,659

The notes on pages 15 to 24 form part of these financial statements.

The financial statements were approved by the trustees on .........................

.............................. S Wylie Trustee

RICHMOND HOUSE CRIEFF SCIO

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
21
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash used in investing activities
Net cash generated from financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
(22,537)
3,800		 £
27,009
(18,737)
-
8,272
211,539
219,811		 2024
£
(40,725)
4,971		 £
(39,110)
(35,754)
-
(74,864)
286,403
211,539

RICHMOND HOUSE CRIEFF SCIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

Charity information

Richmond House is registered as a Scottish Charitable Incorporated Organisation (SCIO) with the Office of the Scottish Charity Regulator (OSCR). The registered office is Richmond House, Drummond Terrace, Crieff, PH7 4AF.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Residential fees are recognised when the service has been provided. Investment income is included when receivable.

RICHMOND HOUSE CRIEFF SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

1.5 Expenditure

All expenditure is included on an accruals basis and includes attributable VAT which cannot be recovered, and is reported as part of the expenditure to which it relates.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity, and include the audit fees and costs linked to the strategic management of the charity.

All costs are allocated between the expenditure categories of the statement of financial activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% and 10% straight line Plant and equipment 10% straight line Fixtures and fittings 15%, 25% and 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

RICHMOND HOUSE CRIEFF SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

RICHMOND HOUSE CRIEFF SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
1,524
6,705
Grants receivable for core
activities
-
38,437
1,524
45,142
Grants receivable for core activities
Perth & Kinross Council
-
13,437
Tayside Health
-
-
Anonymous
-
-
Gannochy Trust
-
25,000
Co-Op
-
-
-
38,437		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
8,229
2,528
2,766
38,437
-
74,166
46,666
2,528
76,932
13,437
-
15,036
-
-
(7,500)
-
-
32,000
25,000
-
29,852
-
-
4,778
38,437
-
74,166		 Total
2024
£
5,294
74,166
79,460
15,036
(7,500
32,000
29,852
4,778
74,166

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Residential care 1,175,196 1,064,919

5 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 3,800 4,971

RICHMOND HOUSE CRIEFF SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

6 Expenditure on charitable activities

Charitable Charitable
activities activities
2025 2024
£ £
Direct costs
Staff costs 943,442 837,039
Depreciation and impairment 46,392 48,506
Food 66,120 59,685
Other household costs, laundry and training 66,808 57,176
Rates and water charges 7,569 7,256
Light, heat and power 48,254 44,839
Premises repairs and renewals 107,265 73,317
Property Insurance 31,841 26,212
Telephone, fax and internet 4,930 5,785
Postage, stationery and printing 2,779 2,501
Sundry expenses 13,212 9,030
Training 2,875 3,673
Legal and consultancy fees 6,325 6,284
Temporary staff 732 3,217
Bad debts 29,617 -
1,378,161 1,184,520
Share of support and governance costs (see note 7)
Governance 16,662 16,492
1,394,823 1,201,012
Analysis by fund
Unrestricted funds 1,318,913 1,079,667
Restricted funds 75,910 121,345
1,394,823 1,201,012
7 Support costs allocated to activities
2025 2024
£ £
Regulatory costs 4,032 3,532
Accountancy - 360
Audit fees 12,630 12,600
16,662 16,492
Analysed between:
Charitable activities 16,662 16,492

RICHMOND HOUSE CRIEFF SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

8 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements 12,630 12,600
Depreciation of owned tangible fixed assets 46,392 48,506

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Expenses of £100 (2024 - £nil) were paid to 1 trustee. No other remuneration was paid to trustees during the year.

10 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
47
2025
£
863,685
63,555
16,202
943,442		 2024
Number
41
2024
£
771,051
51,982
14,006
837,039

The remuneration of key management personnel was formed by five employees (2024 - six) and their total remuneration was £193,787 (2024 - £147,370).

There were no employees whose annual remuneration was more than £60,000 (2024 - none).

11 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

RICHMOND HOUSE CRIEFF SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

12 Tangible fixed assets

Freehold land
and buildings
£
Cost
At 1 July 2024
724,454
Additions
-
At 30 June 2025
724,454
Depreciation and impairment
At 1 July 2024
153,957
Depreciation charged in the year
20,445
At 30 June 2025
174,402
Carrying amount
At 30 June 2025
550,052
At 30 June 2024
570,497		 Plant and
equipment
Fixtures and
fittings
£
£
121,479
195,982
-
22,537
121,479
218,519
63,393
116,507
9,249
16,698
72,642
133,205
48,837
85,314
58,086
79,475		 Total
£
1,041,915
22,537
1,064,452
333,857
46,392
380,249
684,203
708,058

The property was revalued in April 2015 by Irving Geddes, Estate Agents, at £650,000 which was considered deemed cost.

The historic cost of the property was £189,082.

13 Debtors

Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 2025
£
133,306
32,509
165,815		 2024
£
243,121
20,728
263,849

14 Creditors: amounts falling due within one year

Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2025
£
18,458
47,278
19,909
100,686
186,331		 2024
£
14,067
26,405
7,550
82,765
130,787

RICHMOND HOUSE CRIEFF SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

15 Retirement benefit schemes

Defined contribution schemes

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £16,053 (2024 - £14,006).

16 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 July 2024
Incoming
resources
Resources
expended
At
£
£
£
Community Activity Fund
32,175
45,142
(56,330)
IT Fund
150
-
(508)
Refurbishment Fund
109,725
-
(19,072)
142,050
45,142
(75,910)
Previous year:
At 1 July 2023
Incoming
resources
Resources
expended
At
£
£
£
Community Activity Fund
45,688
44,932
(58,445)
IT Fund
1,546
-
(1,396)
Refurbishment Fund
139,229
32,000
(61,504)
186,463
76,932
(121,345)		 30 June
2025
£
20,987
(358)
90,653
111,282
30 June
2024
£
32,175
150
109,725
142,050

Community Activity Fund (formerly Daycare/respite fund)

To develop and provide community activities, daycare and respite.

IT Fund (formerly Computer Fund)

To assist with the development of remote working and provide better information and communication technology.

Refurbishment Fund

To fund building refurbishments.

RICHMOND HOUSE CRIEFF SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

17 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
General funds
Previous year:
At 1
General funds
Analysis of net assets between funds
At 30 June 2025:
Tangible assets
Current assets/(liabilities)		 July 2024
Incoming
resources
Resources
expended
At 30 June
2025
£
£
£
£
910,609
1,180,520
(1,318,913)
772,216
July 2023
Incoming
resources
Resources
expended
At 30 June
2024
£
£
£
£
917,858
1,072,418
(1,079,667)
910,609
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
590,478
93,725
684,203
181,738
17,557
199,295
772,216
111,282
883,498		 July 2024
Incoming
resources
Resources
expended
At 30 June
2025
£
£
£
£
910,609
1,180,520
(1,318,913)
772,216
July 2023
Incoming
resources
Resources
expended
At 30 June
2024
£
£
£
£
917,858
1,072,418
(1,079,667)
910,609
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
590,478
93,725
684,203
181,738
17,557
199,295
772,216
111,282
883,498
Total
2025
£
684,203
199,295
883,498

18 Analysis of net assets between funds

19 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2025
£
10,073
33,800
43,873		 2024
£
11,858
40,228
52,086

20 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

RICHMOND HOUSE CRIEFF SCIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

21
Cash generated from/(absorbed by) operations
2025
£
Deficit for the year
(169,161)
Adjustments for:
Investment income recognised in statement of financial activities
(3,800)
Depreciation and impairment of tangible fixed assets
46,392
Movements in working capital:
Decrease/(increase) in debtors
98,034
Increase in creditors
55,544
Cash generated from/(absorbed by) operations
27,009		 2024
£
(51,662)
(4,971)
48,506
(62,156)
31,173
(39,110)

22 Analysis of changes in net funds

The charity had no material debt during the year.