Ridgegate Home
Financial health, per its FY2023 accounts
The accounts state that the charity incurred an overall deficit of £136,320 for the year ended 31 March 2023, resulting in total net assets decreasing to £599,563 from £735,883 in the prior year. This financial position was impacted by an impairment loss of £33,346 on fixed assets and increased agency staffing costs, despite a reduction in direct payroll costs. The trustees confirm that the charity has adequate resources to continue operating for the foreseeable future.
What the accounts disclose
Leadership, per the charity’s website
- Jag Yogarajah — Chair of the Board of Trustees
- Lola Olanrewaju — Interim Manager
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- Ridgegate Home: Requires improvement
Trustees
- Jagdeep Yogarajahchair
- Asad Ahmad Khan
- Brendan Gilbert
- Linda Gent
- Michael May
- Nicholas Yarrow
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.0m | £1.0m |
| 31/03/2024 | £1.1m | £985k |
| 31/03/2023 | £811k | £935k |
| 31/03/2022 | £903k | £902k |
| 31/03/2021 | £983k | £950k |
Common questions
Is Ridgegate Home financially healthy?
The accounts state that the charity incurred an overall deficit of £136,320 for the year ended 31 March 2023, resulting in total net assets decreasing to £599,563 from £735,883 in the prior year. This financial position was impacted by an impairment loss of £33,346 on fixed assets and increased agency staffing costs, despite a reduction in direct payroll costs. The trustees confirm that the charity has adequate resources to continue operating for the foreseeable future. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS MINCHAS YITZCHOK TRUST | 1 | £51k |
| KOLLEL MISHKON YAKOV | 1 | £32k |
| THE GEORGE CADBURY TRUST (EDWARD CADBURY SECTION) | 1 | £6k |