donate-sidebarleft

Annual Accounts

Download our 2017 Annual Accounts here.

Snapshot of Charity’s accounts for year ended 31st December 2018

With stable occupancy of 8 residents throughout the year income increased from £266k to £306k whilst expenses were contained at basically the same level as the previous year.

After depreciation there was a loss of £11,519 though cash balances were higher due to donations.

Donations were down on last year because there was a significant fundraising effort made in both 2016 and 2017 to meet the cost of the lift refurbishment. The main fund raising effort in the year was for a replacement minibus which has now been delivered. A summerhouse will be constructed shortly thanks to donations from the Freemasons, both locally and from the UK.

There is a separate document detailing our Reserves Policy and of necessity these are held in cash. This explains the existence of large cash balances held at the end of year.

Please note that the Association has no paid personnel other than those responsible for running the residential home and a number of support tasks such as fundraising, finances and compliance are provided by the unpaid trustees.

Ridout House