Charity Registratlon No. 1007319
Company Registratlon No. 02281535 (England and Wal¢8
PRAXIS SERVICE
REPORT AND UNAUDITED FINANCIAL
STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024

PRAXIS SERVICE
LEGAL AND ADMINISTRATIVE INFORMATION
Dlrector
M Robinson
Trustees
M Robinson
S Murthwaite
Dr J M(x)r8
K Moore
B McAJoon
S•crgtary
S E L Murthwaita
Charlty number
1007319
Company numb8r
02281535
Reglsterad office
Praxis House
Park Close
Newcastle upon Tyne
Tyn8 and Wear
NE4 6SB
Indapendent examlner
RSM UK Tax ané Accounting Llmlted
Chartered Accountants
1 St. Jam8s' Gale
Newcastle upon Tyne
United Kingdom
NE14AD

PRAXIS SERVICE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Th8 truste8s' present their report and financial statem8nls for the year end8d 31 March 2024.
The financial slalements have been prepared in accordance wlth the accounting pollcl8s sel out In note 1 to the
rinancial slaternents and comply wlth the Chadlies Act 2011, the Companies Act 2006, the Memorandum and
Artides of Association, and ACCOUn￿n9 and Reporting by Charilles: Statement of Recommended Practice
applicable lo charitles prepanng their accounts in accordance with the Financial Reportlng Standard applicable in
the UK and Republic of Ireland (FRS 102).
Objoctfves and acllvltles
Praxis SeNic8 (Praxis) 8xisls for the bènefit of Ihè public through the provision of ils services to any rnem￿r of
the public who is homeless and who is referred lo Praxis through Newcaslle City Council's homeless services.
They ale likely lo have comptex needs and incjude women with dependent children. All Ihe services provided by
Praxis are wilhin the aims and objectives as set out in the Memor8ndum and Articles ofAssociation.
Throughout the revfew of oblectlves and acllvltles section of this report, we have Identlfled and evaluated the
beneflls thal Indlvlduals galn from accesslng our services and maxSmizlng Independence through self-dlrecled
Support.
In shaping our objecllves for the year and planning our activitles. the trustees hav6 considered the charlty
commission's guidance on public benefit, including the guidance 'public ben8frt.' running a charity (P82}'.
Obl8ctlves'.
to promote and advance the soci81 welfare and h¢Juslng needs of people who are finand8ly
dlsadvantaged. suffertng or recovedng from mental illness, alcoholism, or chemlcal addictlons.
lo provide advlce, Irealmenl. and support through the provision of both community services and the
development and management of housing schemes.
to provlde accommodation for indivlduals or groups in speclal houslng need. wlthout dlstinctlon of sex,
sexual orientation, race. political, religious, or other opinions.. and lo assist Service Users towards
Moving On inlo their own independent ac(x)mmodahon.
Praxls continues to manage ￿ malor prolects, comprlsing of seven separate propertles, wlthln the Newcastle
citywlde Supported Accommodation and resoltlemenl support for homeless people contract. All the referrals lo
these projects are m8de through tho Housing Advice Centre adminlstered by Newcastle City Coundl. The
system of referral of potentlal service users Is compulerlsed through the Gateway system. Both men and women
(induding women with dependent children). are homeless al the polnl of referral and come from a rarge of
diverse b8ckground8. They have complex needs and if accepted, are allocated a place in one of our two projects.
Their needs are assessed 81 the point of enlry to our setvlce and staff offer support, advlce and
asslstance through a Support Plan to help addr6SS their need and move towards resettlement in thelr
own lenanc18S.
SeNlce Users are assisted to galn or retaln meaning￿1 relationshlps wlth trteir friends and famSlles.
Seryice Users are assisted In their engagement and relationshlps with Important agencles such as
Social Services. the Department of Work and Pensions. Probation, Mental Health services and in links
with the wider community.
Service users ar8 8ncouraged to participate in a wide range of sport, leisure and work activities.

PRAXIS SERVICE
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
In 2014, Praxis became part of a Consortium contractual arrangement, led by the Changing Lives organisation
and two other partners. Action Foundats'on and Thirteen Care and Support. This established a new Supp)rting
People Contract with Newcastlè City Council which ended in April 2019. Thirteen Care and Support organisation
have now withdrawn. and ils housing serVI￿S have be6n Iransferred lo Changing Lives and the contrad was
renewed for an additional three years, up lo March 2022, then an additional extension of the contracts lo October
23. A further extension was agreed with the current contract end date being March 25. The Consortium
managers meet on a b￿mOnthlY basis to review progress of the Contract and its consliluenl parts. and to
consider new developments. Praxis. staff continue lo benefit from shared training opportunities and assistance in
the compulerisation of records using Ihe Inform system. This means that all support work of clients is centrally
recorded and achieves a range of importanl purposes and outcomes. Praxis is also part of the Newcastle City
Council's Gateway system which is also computerised. This allows for potential clients of Praxis Service lo be
promoted Ihrough this system and lo help evaluate a range of importanl outcomes. These include length of stay
In Praxis accommodation.. move-on arrangements,. reasons for leaving Including eviction and the labulatFon of the
number of referrals over lime and the number of acceptances and refusals.
This service continues to Pfovide high quality accommodation for up to eight mothers with their dependenl
children. AJI of our families have complex needs and high percentages are involved with slatulory services such
as Social Service departments. Although some of our families are clearly identified as fleeing domestic violence,
many of them do not fall straighfforwardly into this category. Many of the women wish to maintain wne
relationship wtth Iheir previous partners and Praxis staff work with olher agencies to facilitate contact belween
fathers and their children.
This service specialises in work with the mothers With dependent children who may be involved with Newcastle
Social Care and a range of complex situations. This involves a high degree of team working Wlth our partner
agencies and the work is inlense and demanding. Amongst a range of important outcomes includes the
prevention of children being lookèd aftèr by the Local Authority.
This Service consists of two large-terraced houses at Nomanlon Terrace in the Wesl End of Newcastle and
provides high standard accommodation for tsvelve men and women. The women's house at Normanton Terrace
now accommodates some women with their dependent children due to high demand for family accommodation.
Our third property is based at Praxis House. This property is a large detached modern house standing in its own,
well stocked gardens. The property has been extensive￿ renovaled and provides very comfortable
accommodation for up to seven men and womèn.
Brighton Grove. recently modernised is also in ihe West End of Newcastle. This is a 1arge-tÈrra￿d propety for
the occupation of up lo six Service Users. Our sixth is a five bedded lerraced house also in the Wesl End of
Newcastle. This has been updated to a very high standard.
Our new seventh property, currently being modernised due to open In the Autumn, Is going lo be an addStional 3
units for women and children. All seven properties have HMO status through Newcasde City Councll.
Achievements and performan¢0
Financial review
The princlple funding sources of Praxis are Housing Benefit Income receive(I from Newcastle ciiy c￿ncil and
SIAPPOrting Pgtspl8 income. The total income from these $ourc•s Is ghown in notts 3.
Al 31 March 2024. the total Un￿s￿l¢led reserves stood at £1,838.378 {2023'. £1,675.830>, and restricted
resgrve5 at £nil {2023: £nil}. Included within ￿￿restricted reserves is a balance 01 £559.929 {2023.' £805,000}
which is designated as £527,623 12023.. £750.000) for a future wom8n and children's project premises, and
£32.30612023'. £55.000) for property upgrades.

PRAXIS SERVICE
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Reserves policy
Th8 Support Service Manager has th8 power to invest in such investments, Securities, or property as they see fit
subject to any reslricli¢Jns imposed by law.
The tnJste8s identify that they wish to pursu8 a polrcy of holding sufficignl cash deposits in our various bank
ac(x)unts to cover varioLts potential contingencies. This was achieved in the year.
The trustees consider that the 18Tget for fr8e reserves should remain in th8 sum of £100,000. Excluding fixed
assets and designated funds, Ihe unrestricted resenies are £561,106 12023.. £348,6491- The trustees *e
reviewSng the reserves held in excess of this tsrget lo identify areas where Praxis can ¢Xsnlribule further to tis
t)bjective$, includlng identlfying the need for additional slaff resources or addillonal propertles for the projects.
Thg charlty participates In the Tyne and Wear Pension Fund. Following a valuation at 31 March 2021
contrlbutlon rates from 1 Aprfl 2023 are 27.1 %.
Key rlsks management
During the year the Iruslees reviewed their risk man8gemenl plan. As p8rt of the risk man8gem6nl process, the
trustees hgve Implemented a rlsk management strategy, whlch comprls8s of:
• an annual revlew of the rlsks, whkh the Charity may face.
delalled action plans lo mltlgale those rSsks id6nlilled', and
the implementation of procedur8s deslgned lo mlnlmlse any potentlal Impact on the Charlty should ￿Y
of those risks malerialise.
Th8 risk management focused on the need to maximise relums from their curr8nt cash r&serv8s, ensure new
developments in the Supporting People requirements are kepl abrea81 of and initial8 compliance measures as
and when appropriate. The Irust8es also recognise the increasing burden of the stsp8rannualion scheme and aro
keeping abrèast of 8ny increased cosl.
Golng concern
The trustees have reviewed the sources of income for Praxis and expect no material change in the 18vel$ of
incoming resources. The trustees have also reviewed the levels of expenditure incurred by Praxis and expect no
material change in the level of outgoing resources. Given the level of funds avai18ble, the Iruslees are confident
that they have sufficient funds to ongoing expenditure and othèr liabrfitiés as thèy fall due.
Based on the cash rèseNes held by Praxis, and tho consistency in th8 monlhly managèmenl accounts, Ihe
Iruslees arè confidènt that Praxis has adèquate rosources lo continu8 in op8ralional 8xislenc8 for the
foreseeable future. Thus. the Trustees continue to adopl the going con¢em basis of accounting in prnparing the
rinancial slatemenls.
Structhm. governance and management
Praxis Service is a charlty which was registered wlth the Charlty Commlsslon on 13 January 1992. number
1007319. It is also a private company limited by guarantee ancl not havlng share caprtal, being registered with
Companies House on 28 July 1988 under company number 02281535, governed by its Memorandum and
Articles of Association.
The director who served the charfty during the year and the slnce the year end was as follows:
M Robinson

PRAXIS SERVICE
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
As well as the diraclor a numbef of people acted as tru$ie88 dunng th8 y8ar. and these are..
S. Murthwaile
M. Robinson (Chairi
Dr J. Moor•
K. Moore
8. McAJoon
Truslees can be appolnle(l andlor leave the eommillee 81 any poinl during the year. Praxis advertise$ in the local
press and on the Intemel lor new Poienlial Irusie&s. New Iru81ees ore oiven de8r insirucllon 8nd Infomialion on
their range of new respons5b11￿Tre$ as well as having Ihe opportunity Ic attend Iralnlng COUf5es. partlcularty Ihose
run by New¢aslle Council for Voluntary Services.
The siaff team is m8naged by a Support Sefvice Manager, P Gillingham BA and there is an organis81fv)nal
Slruclure which includes hvo Senior Proieci Workers. an Adminislralor, a part-lime Bookkeeper, and a 18am of
Project Woikers.
rh• Iru8t•g8 consider k8y rnanagement comprise the charity's trusle&s and Ihe servlcg maviaggr who we Sn
charge ol directing and controlling. running and op8r8ling the charity on a d8y-l04ay basi$. All trustees giv8 their
lim6 fre¢ly and no Iru$ie8 re¢eiv8d remuneration in the year. Details of Iru51ees' expenses and relaled party
Irans8¢1ions are disclosed in nOlo5 9 and 16 to the accounls.
The pay of tho support serviee manager Is reviewed annually and normally increased in accordance wilh average
earnings.
Tru8tees' responslbilities In relatlon to the financial ¥tatement•
rhe Trustees (who are also the directors of Praxis Service for the purposes of compony lawl are responsible for
preparing a Trustees. Annual Report and financlal 81atemenls In accordance wllh appllcable law and UK
Accounting Siandanjs Iunlleil Kingdom Generally Accopled Accotsnling Praclic8}.
Company law requires the charity Iruslees lo prepare financial statements ts each year which gtve a Iruè and
fair view of th8 slate of affairs of the charilable company and ol the Incoming resources and application of
re$ourc8S, includin9 th8 incom8 and expgnditure. of Ihe charilabl8 company for that period. In prew'ng the
f6n8ncial slal8m8nls. the Trustees are required lo..
Sdeci suitable accounting practices and then apply Ihem con$islenUy',
Ob5eNe the methods and principles in Ihe applicable Ch8rilies SORP,
Make judgemenls and èslimalos that are ￿￿80n8b10 and prudent.,
Slalo 7kneiher applicable UK a¢counling 51andards have beon followed., subject lo any material
departure$ Ih81 musl be dlsclosed 8nd explained In the financial slaiemen15; and
Prepare Iho financlal 518lements on the going concern bas15 unless il Is inapproprlate to presume that
Ihe ¢harilable company wlll continue in business.
The Trustees are responsible for keeping adequate accounting records Ihal disclose with reasonable accuracy at
any time the fin8ncial position ol the chanta￿8 company and to enable them lo ensure that the financial
stalern8nls comply with the Compenies Act 2006. They are also responsible for safeguarding the 855ets of the
charitable company and taking reasonable steps for Ihe Prevention and detection of fraud and olher irregularities.
The Trustees, Reporl was approved by the 8oard of Truslees.
M RobSn$on
Directoi

PRAXIS SERVICE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PRAXIS SERVICE
I report on th8 financial 5tat8ments of the charitable company for the year 8nd8d 31 March 2024, which ar8 set out
¢)n pages 610 19.
Responslbllltles and basls of report
As the Iruslees of the company (and also ils directors for the purposes of company 18wI you are responsible for the
preparation of Ihe accounts in accordance with the requirements ol the Companies Act 2006 {'the 2006 Acl.).
Havlng satlsfied myself that the accounts of the company are not required to be audited under Part 16 of thè 2006
Acl an(t are eligible for independent examination I report in respect of my examination of your charity's accounts a5
carried out under section 145 of the Charlties Acl 2011 ('the 2011 Acl'l. In carrying out my exarninatlon I have
followed the Directions given by the Charity Commission under section 145 (5){b) of the 2011 Act.
An independent examination does not involve gathering 811 the eviden￿ that would be required in an audit and
consequently doe8 not cover all the matters that an auditor considers in giving their opinion on the accounts. The
planning and conduct of an audit goes beyond the limited assurance that an indep8ndent examination (an provldo.
Consequenlly, l express no opinion as lo whether the accounts pr8senl a 'true and fair view, 8nd my report is limited
to thos8 specific matlers set oul in the independenl examiner'8 Statemgnt.
Independent examlnorfs slat•m&nt
Since the company's gross income exceeded £250,000 your examiner must be a mèmber of a body listed in s8ction
145 of the 2011 Act. I confifm that l am qualified to undertake the examlnation because l am 8 member of The
Instilule of Chartered Accountants In England and Wales, whlch is on6 of the Ilsled bodies.
I havo compleled my examination. I confimi Ihal no malerial matters have come lo my attention in conne¢lion with
the examination giving me ￿98Qnable cause lo believe Ihat in any material respect..
11) accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act: or
(21 Ihe accounts do not accord wlth those records.. or
(31 the accounts do not comply wilh the accounting requirements of section 396 of the 2006 Act othor than any
requirement that the accounts give a 'lrue and falr vlew, which Is not a matter consldered 85 part of 8n
Independent examlnalion; or
14) the accounts have not been PrePa￿d in accordance with the methods and principles of the Statement of
Recommended Praclice.. Accounting and Reporting by Charities applicable to charities preparing Ih8lT
accounts in accordance with th8 Financial Reporting Standard 8pplic8ble in the UK and Ireland IFRS 1021.
I hava no concerns 8nd have ￿rne across no othèr matters In connecllon wlth the axamlnollon lo vthlch
attention should be drawn In Ihls report In ord61 to enable a proper understandlng of the accounts to be
reached.
Signed:
Name..
Lucy Robson
Name of applicable Ilsted body: ICAEW
Relevant profession81 qualification or membership of professional body.. FCA
On behatf of RSM UK Tax and Accounting Limited
Charte￿d AccotJnlant$
1 St. Jarnes, Gate
Newcastle upon Tyne
United Kingdom
NE14AD
06111/24

PRAXIS SERVICE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrostrlcted Restricted
funds
fund8
Total
2024
Total
2023
Notes
Donations and legacies
Charitabl8 activities
Investments
2.069
730,785
1,394
750,695
7,107
750.695
7,107
Total Ineomo
757,802
757,802
734,248
Charitable activities
595.254
595.254
582.100
Total expendlture
595.254
595,254
582,100
Net income for the year and
nel movement in fund•
162,548
162,548
152,148
Totsl funds brought forward
1,675,830
1,875,830 1,523.682
Total lunds earrfed forward
1,838.378
1,838.378 1,675.830
The stalement of finanGlal act1vi￿e3 Includes all gains and losse3 r8¢ognlsed In Ihe year.
All income and exp8ndilurg deriv8 from continuing aclivities.
The statement of financial activities also compli8S With the requirements for an income and expenditure account
und8r the Companies Act 2006.

PRAXIS SERVICE
Company Reg18tratlon No. 02281535
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024
2024
Not•8
2023
Flxed ass•ts
Tangible 8$seis
10
717.343
522.181
Curr•nt as8•lJ
Debtors
Cash al bank snd in hand
11
80.447
1.076,423
59.075
1.109,116
Creditors: amounts falllng due wllhln
one year
1.136.870
1.168,191
12
(15,83SI
114,5421
Nel curronl assets
1,121,035
1,153.649
Total •ss•ts curronl1Sabllltl&s
1.838.378
1.675,830
Funds
General unrestn'cted funds
D•s￿nated lund
14
14
1,278,449
559.929
870,830
805,000
1.838,378
1,675,830
1.838,378
1.675.830
The cornpany Is eniitied lo the exempbon from the oudil requirement contalned In se￿10n 477 01 the Ctjmpanles A¢t
2006, lor the year ended 31 March 2024. No member of th8 company has deposited a noll¢e, pursuant lo secllon
476, requiring ar¢ audll of thes6 financial statements.
These financial slalemenis have been prepared in accordaneo with the provisions appllcable lo companles subject
to Ihe sm811 companies. reglme.
The financial 8lalemenl8 were approved by the Director and aulhorised for issue on .. . ..
M Robinson
Dlroctor

PRAXIS SERVICE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
ash flows from operating activitfes
Net cash provided by operating activiti8S
17
179.257
155,807
Invostlng actlvltles
Purchase of tangible fixed assets
Inleresl received
1219.057)
7,107
(17,976)
1.394
Net cash used In Investlng acuvltles
(211,9501
116,582)
Net Idecrease)fincrease in cash and cash
equivalents
132,693)
139,225
Cash and cash equivalents at beginning of year
1.109,116
969.891
Cash and cash equivalonts at end of y•ar
1,076,423
1,109,116

PRAXIS SERVICE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charlty Infomiatlon
Praxis Service (the 'charilable companV) is a private company limited by guarantee incorporated n England
and Wales. The registered office is Praxis House. Park Close. Newcasue uwn Tyne. Tyne and Wear, NE4
6S8.
The Charitab￿ company's operations and principal actlvities are describeij in the Trustees, Report.
1.1 Accounting convenllon
These financial ststements have been prepared in accor(fance with FRS 102 Yhe Financial Reporting
Standard applicable in the UK and Republic of Ireland. {FRS 102} second edition (effective 1 January 20191
"Accounting and Reporting by Chartties" the Statement of Recommended Practi￿ for charitiès applying FRS
102. the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from 1 January
2015. The chariiable company is a Public Benefit Entity as defined by FRS 102.
The financial stalements are prepared in sterling. which is the functional ￿rrer￿ of the charilable company.
Monetary amounts in these financial statements are rounded to the nearest £.
The finan¢ial statements have been prepared under Ihe hlstortcal cost convention. The prfncipal actounllng
policies adopted are set out below.
1.2 Going eoncem
Financial Reporting Standard 102 requires. if appropriate. Ihg charitable company's financial stataments are
prepared on the going con￿rn basis. which means that the chariiable company is able to operate for the
for85e8able future on the basis of known and reasonable projected resources.
The trustees have ￿VieWed the sources of income for Praxis and expect no malerFal change in the levels of
income. The Iruslees have also reviewed the levels of expenditure incurred by Praxis and expect no material
change in Ihe level of expenditure and are confident that a renewal of services will be agreed with the
Commissioners. Given the level of funds available. the trustees are confident thal they have sufficient funds io
ongoing expenditure and other liabilities as they fall due.
Given the cash reserves held by Praxis, and the consistency in the monthly management accounts. the
trustees are confident that Praxis has adequale resources to continue in operational existence for the
foreseèable future. Thus. the Trustees continue to adopt the going concem basis of accounting in preparing
the financial stslements.
1.3 Charitable funds
Unrestricted furids are available for use at the discretion of the director in furtherance of their charitable
objectives unless the funds have been designated for other purposes.
Designated funds a￿ unrestricted fvnds thal have been eamiarked by the Injslees for a specific purpose.
Restricted funds are funds that can only be used for particular restricted purposes within the objects of the
charity. Rgstrictions arise when specified by the donor or when funds are raised for particular r8skn¢led
purposes.
1.4 Income
Income 15 recognised in Ihe pariod in which tha Charitable company has entitlement to the fvnds. ￿Y
Conditions attached to the income have been met. il is probable that the income will be received and Ihe
amount can be measured reliably.
Donations and legacy Income are included in the Statement of Financial Activsties when receivable. In
accordance wikn the Charities SORP {FRS102) general volunteer tim6 is not recognised.

PRAXIS SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Aceounting pollcles (Contlnuèd
Income from charitable activities is recognised in the Statement of Financial Activities as received.
Interest on funds held on d8posil is included when receivable and the amount can be measured reliably by
Ihe charilabla company; this is normally upon notification of the interest paid or payabl8 by thè bank.
1.5 Expendltur?
Expenditure is all considered as expendilure on charitable activities. Expendrture is recognised once there is
a legal or constructive obligation to make a payment to 8 third paty.. il is probable that settlément wim be
required and the amounl of the obligation can be measurèd reliably.
Expenditure is Included In the Statement of Flnancial Actlvltles on an accwals basis, Inc4usive of VAT. They
Indude..
Charflable expendlture comprises those costs incurred by the charitable company In the delivery of
its aclivilies and services for ils beneficiaries. It includes both Ix)sts that can be allocated diredy lo
such activities and Ihose costs of any indirect nature n8cessary to support them.
Governance costs include those costs associ818d with meeting the constitutional and the statutory
requirements of the charitable company and include the audit f8es and costs linked to the strategic
management of the charitable company.
1.6 Tanglbla flxod assets
Assets worth £250 or more are capilalised upon acquistion.
Tangible fixed assets are initially measured al cost and subsequonlly measured at Cost, net of depreciation
and any impaimient losses.
Depreciath'on Is recognlsed so as to write off the co81 of assets less their residu￿ values over thelr useful IIv85
on the following bases..
Freehold properties
Plant and equipment
2ts/o Stra￿ht line
20°A reducing balance
Subsequent costs, Induding replacement parts are capitallsed only when 11 Is probable that such costs wlll
generate future economlc beneflts. Any replaced parts or remalnlng carrylng amount$ ar8 then dere¢ognlsed.
All olh8r costs of repairs and rnalntenance are charged to profil or loss as IncU￿ed.
The gain or kJ$s arising on the disposal of an asset is d8ternined as the difference between the sale
proceeds and the carwng value of the asset, and is recognised in nel incom81(expenditure) for the year.
1.7 Flnanclal Inslrumgnts
The charitable company has electèd to apply the provisions of Sedion 11 'Basic Financial Inslruments. of
FRS 102 to all of ils financial instruments.
Financial inslrum8nls are recognised In the charilable company's balancè sheet whgn the charitable company
becornes party to the conlraclual provisions of the inslrumenl.
Financial assels and liabilrties are offset, with the nel amounls presented in the financial statements. when
Ihvro lo u IGgally GnlorGcaL>le right Io 3ei oif Lhe recogniseu amounis Inere Is an Intonlion to settlo on a
net basis or to realise the asset and seitle the liability slmullaneously.
10-

PRAXIS SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policles (Contlnued)
Baslc financial assets
Basic financial assets, which include Irade and other debtors and cash and bank balances, are initially
measurèd at Iransaction pnce including transaction costs and are subsaquently carried al amorbsad cost
using the effective inleresl method unless the arrangement conslilules a financing Iransaclion, where the
Iransaclion is measured al the present value of the future receipts discounted al a market rale of nleresl.
Financial assets classifièd as receivable within one year are nol amortised.
Basic ffnanclal liabllltles
Basic financial liabilllies. Sncludlng other creditors, are inllially recognised at transactlon prlce unless th8
arrangement constilules a financing transacts'on, where the debt instrurnenl is measured al the present value
of the future rec6ipts discounted at a market rate of interest. Financial liabilits'es dassified as payable within
one year are not amord5ed.
1.8 Employ•9 benofits
The costs ol short-lerm employee benefits are recognised as a liability and an expense, unless these costs
are required lo be capitalised as an inlangible or iangible fixed asset.
Certaln employees are entltled to carry fward unused hollday enlitlemenl at the reporting dale. The cost of
any unused entSllement Is recognlsed In the peTlod In whlch the employee's servlces are requlred.
1.9 Retlrement benefft8
The charitable company participat8s in a mulli4mployer pension scheme for its employees, For the scheme
contribution$ are recognised as &xp8ndilure in the period lo which they relate 88 there 15 in8uffici8nt
information 8vailab181o usa dafined benefit accounting.
Where applicabl8, a liability is recognised for contribulions arising from an agreem&nl wilh the multi-empbyer
plan that delemines how Iho charitable company will fund a deficit. Contributions aro discounted, al a rate
according lo FRS102, when they are not expecled lo be settled wholly wilhin 12 months of the period end.
The unwinding of the discount rate is recognised as a finan￿ cost.
1.10 Government grants
Government grant5 are recognlsed at the fair value of the asset recelv8J or receivablè when there Is
reasonable assurance that the grant cond5tlons wlll be met and lh8 grants wlll be recelved.
Government grants r81ating lo tumDv8r ar8 recognised 8s income over the periods wh8n the related costs are
incurr8d. Grants relating lo an asset are recognised in income systematically over the asset's expected useful
lrfe. If part of such a grant is defeired il is recognised as deferr8d income rather than being dèdLrled from Ihe
asset's carrying amount.
Donatlons and 18gacles
2024
2023
Donatlons and glfts
2,069
11

PRAXIS SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable actlvlties
2024
2023
R8nts and supporting people income
750.695
730,785
Investments
2024
2023
Bank interest recelvable
7,107
1,394
Charltable actlvitles
2024
2023
Staff costs
317,315
261,444
Share of supwrt costs (see nole 6}
Share of goveman¢e costs (see note 6)
255,871
22.068
301,618
19,038
595.254
582,11XI
Analy$ls by fund
Unrestricted funds
595,254
582,100
12-

PRAXIS SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Govornance
costs
costs
2024
2023
Depreciation
Office costs
Printing, postage and slallonery
Oulings
Travel and subsislenc8
Rehabllltation and welfare
Food and calering
Premis8s costs
Repairs and renewals
Head offlce rent
Other costs
23,895
14,082
2,052
10.756
7,319
16.408
2,121
73,349
80.646
22.100
3,143
23,895
14,082
2,052
10,758
7.319
16,408
2.121
73,349
80.646
22,100
3,143
24,180
12,007
3,556
13.674
3.945
24.279
3.479
76.810
121.691
15,600
2,397
Legal and professional
Accountancy fees
Independent examlnalion and statutory accountancy
fees
6,958
10,070
6,958
10,070
5.407
9.077
5,040
5,040
4,554
255.871
22,068
277,939
320,656
Analysed between
Charitable activities
255,871
22,068
277,939
320,656
Ngt movemonl In funds
2024
2023
N8t movem8nl in funds is stated after charging..
Depreclatlon of owned tanglble flxed assets
Independent examination fees
Accountancy fe8s
23,895
1.320
3,720
24,180
1.200
3,354
Ernployae$
Number of employee8
The average monthly number emrAoy885 during the year was..
2024
Number
2023
Number
Employees
13-

PRAXIS SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employees {Contlnued)
Employrnent costs
2024
2023
Wages and salarl8S
Social security costs
Other pension CL)sts
274,749
23,616
18,950
220,698
18,870
21.876
317,315
261,444
The number of trustae's to whom retirem8nt benefits arè accruing under money purchase schemes was nil
(2023.. nill.
One empbyee &amed In excess of £60,000 during the year12023.. 1).
Stsff $alarfos (excludlng penslon)
2024
2023
£60,001-70,000 .
No expenses were reimbursed to the trustees during the year12023: nll).
During the y8ar, the charitatle company paid trustee's indemnlty insurance of £nil (2023.. £nil).
Dlroctor and trustees
Key management comprises the Iwst8es and Ihe general manager. None of the trustèes (or any persons
conn8cled with them) rèceived any remuneralion or benefits from th8 ¢harilable c¢)mpany during tha current
or previous year.
The tolal rèmuneration of kèy management was £97.270 {2023.' £92,534).
14-

PRAXIS SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Tangible flxed asset8
Freehold Plant and
prop•rtles fyqulpment
Total
Cost
At 1 April 2023
Additlons
645,067
204.950
183.772
14,107
828,839
219,057
At 31 March 2024
850,017
Depre¢latlon and impalrment
Al 1 April 2023
Depreciation ¢harged in th6 year
Al 31 March 2024
197.879
1,047.896
170.264
13,924
136.394
9,971
306.658
23.895
184,188
146,365
Carrying amount
Al 31 March 2024
330,553
665,829
51.514
Al 31 March 2023
717,343
474.803
47,378
522.181
11 Debtors
Amount8 falllng due whhln on• y•ar.'
2024
2023
Trade debtors
Prepaymenls and accrued income
21,715
38,732
20.361
38,714
60,447
59,075
12 Creditors: amounls falllng due wlthln ono year
2024
2023
Other taxation and social security
Other creditors
Accruals and deferred income
6,839
1.886
7,110
5,894
2,294
6,354
15,835
14,542
15-

PRAXIS SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Retlrement benefft 8¢heme8
The charltable company particlpates in a multi*mployer pension plan, belng th& Tyne & Wear
Superannuation Fund Scheme. The assets of the scheme are hèld s8parately from those of the charllable
company in an independently adminlslered fund.
The contributions payabl8 by the charitable company charged to income and expenditure amounted to
£18.95012023.' £21,876).
The pension fund is run as a Mult￿omPloYer schem8 and as such it is not possible for the assets and liabilities
of the fund lo bè id8nlified separately. As 8131 March 2022, the Tyne and Wear Pension Fund was vaknod.
Due to deficit funding the required employerfs eonlnbulion rale from 1 April 2023 is 27.1°h.
As al the balance sheet dale, there was 1 (2023: 1) aclivB members of the fund employed by the chailable
company.
16-

PRAXIS SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Analy$l8 of charltable fund•
Movemont In funds
Income
Expendituro
Balance at 1
April 2023
Transfors
Balance at 31 March
2024
Unrestrlcted funds
General
Designaled
870,830
805.0Tr)
757,802
(350,183)
(245.0711
1,278,449
559,929
1.675,830
757,802
1595,254)
1.838.378
Reslrlcted funds
1,675.830
757,802
(595,254)
1,838.378
Movemant In fund8
Incom
Expendlture
Balanco at 1
Aprll 2022
Transfers
Balanc• al 31 March
2023
Unrestrlcted funds
General
Designated
759,182
764,500
734,248
(582.1001
{40,5001
40.500
870.830
805,OIJ)
1.523.682
734.248
(582,100)
1,675,830
Re8trlcted funds
1,523,682
734,248
{582,100)
1,675.830
General funds are 'free reserves. after allowing for designated funds.
From unrestricted fijnds, the trustees have made th8 following dosignations..
an amount of £527,623 to purchas8 and refurbish one additional propety to expand the
Newcastle women and children project and potentially office spac8, following the purchase
and refurbishment of 89 Normounl Road in the year,. and
an amount of £32,306 has been alltxated for property upgradas and repairs. These works
are ongoing.
17

PRAXIS SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Anatysi$ of net as8els between funds
Unrestrlcted Dèslgnated
funds
funds
Resmcted
fvnds
Total funds
Fund balances at 31 March 2024 are
represented by..
Tangible assets
Current assets
cU￿en{ liabililles
717,343
576.941
115,8351
717.343
1,136,870
(15,835)
559.929
1,278,449
559.929
1,838,378
Unrestrlctod Deslgnat•d
fund8
fund8
Restrlcted
funds
Total funds
Fund balances at 31 March 2023 gre
reprosenled by.,
Tangible assets
Current assets
CU￿ent li8bllltles
522.181
363,191
114,542)
522,181
1,168.191
114,542}
805.000
870,830
805,000
1,675,830
16 Relatèd party transactlons
There were no disdosable related party transactions dunng the year {2023.' none).
17 Re¢onclllatlon of not Income to nat ¢ashflow from oporatlng actlvttlos
2024
2023
Net income for the reFK)rting period (as per the statement of financial
activities}
162.548
152,148
Adjustmonls for..
Investment Income
Depreciation and impairment of tangible fixed assets
17,1071
23,895
(1,3941
24,180
Movements In worklng capltal:
(Increase) in debtors
Increas81(decr8ase) in cr8dilo
(1,372)
1,293
118,539)
1588)
Net cash provlded by operatlng actlvltles
18 Legal status of the charity
179,257
155,807
The charitable company is a Company limited by guarantee and has no share capltal. In the event of the
charitable company being wound up, the liabih'ty in respect of the guarantea is limited to £1 per member of the
charitable cofflpany.
18-

PRAXIS SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Taxatlon
The charitable company is exempt from lax on income and gains falllng within Section 505 of the Taxes Act
1988 or Sectlon 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are appliEYJ to ils
harilabte objects.
19