Charlty RegEstrallon No. 1007319 Company Registratlon No. 02281535 (England and Wales) PRAXIS SERVICE REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
PRAXIS SERVICE LEGAL AND ADMINISTRATIVE INFORMATION Dlrector M Robinson Trusteos M Robinson S Murthwaite Dr J mcre K Moore B McAoon Seeratary S E L Murthwai18 Charlty number 1007319 Compony number 02281535 Regl$tored offl¢• Praxis House Park Cl¢)se Newcastle upon Tyne Tyne and Woar NE4 6SB Independent examlner RSM UK Tax and Accountlng LlmSted Chartered Accounlanls 1 St. James, Gale Newcastle upon Tyne United Kingdom NE14AD
PRAXIS SERVICE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees, present their report and financial statements for the year ended 31 March 2025. The financial statements have been prépared In accordance with the accounllng pollcles sot out Sn note 1 to the financial stalemenls and comply wilh the Charities Act 2011, the Companies Act 2006, the Memorandum and Artides of Associallon. and ACCOUnn9 and Reporting by Charilles: Statement of Recommended Practice appllcable to charities preparing their accounts In accordance with the Financial Reporting Standard aprAlcable in the UK and Republic of Ireland {FRS 102). ObJo¢tlvos and actlvltlos Praxis Service IPraxis) exists for th8 bonefit of the public through the proviston of ils services lo any rnernber of the public who is homeless and who is ferred lo Praxis through Newcastle City Council's homeless services. They are likely lo have complex neecls and include women with Iheir depondenl childron. All the services provided by Praxis are wilhin the aims and objectives as sel oul In the Memorandum and Articles of Associalion. Throughout the review of objectives and activities section of thls report. we have identified and evaluated the benefits Ihal individuals galn ffom accessing our sèNices and maximizin9 ifKlependence Ihrough self41iiecled supporL In shaping our objectives lor the year and annIng our aclivilies. Ihe trustees have considèrèd Ihe charlty commission's guidance on public benefil, including the guidance 'public benefit.. running a charity (PB2)'. Obj8ctiV8S'. lo promote and advance the social welfare and housing needs of people who are financially disadvantag8d, suffering or recovering from mental illness. a1holISm. or chemical addictions. to providè advice, Irealmenl, and support Ihrough Ihe provision of both community servic88 and the development and management of housing schemes. to provide accommodalion for individuals or groups in special housing need. wilhoul distinction of sex. sexual orienlalion. race. political, religious, or other opinions,. and to assist SeNice Users towards Moving On into Iheir obvn indepèndent accommodation. Praxis continues to manage major projects. comprising of eight separate properties, within the Newcastle Citywide Supported Accommodation and resettlèmènt support for homeless peopl8 contract. All the referr815 10 these projecls are madé through Ihe Housing Advice Cenlr8 adminislered by Newcaslle City Counc41. The syst8m of referral of potentsal sgrvic8 users is comwlerised through the Gateway system. Bolh men and women linduding women with dependenl children), are hOleSS al the point of referral and come from a raroe of diverse backgrounds. They have complex needs and if accepled. are allocated a place in one of our two projects. Their needs are assessed at the point of entry to our service and slaff offer support, advice and assistance through a Sijpport Plan lo help address their need and mov8 towards res81118ment in their own lenancies. Service Users arè assistèd lo gain or retain meaningful felalionships with their friends and families. Service Users are assisted in th8ir engagemenl and relationships with important agencies such as Social Services, the Department of Work and Pensions. Probation, Mental Health services and in links with the wider communily. Service users are encouraged lo parti¢iP8te in a wide range of sport. leisure and wort activities.
PRAXIS SERVICE TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Praxis is part of a Consortium contractual arrangement, led by the Changing Lives organisation. with a Supporting People Contract with Newcastle City Council. Th8 existing Contract has been extendèd a number of times, laltedy lo March 2025 and then 31 May 2025. Post year end a new contract was agreéd for a period of 3 + 1 yèars from 1 June 2025, with the option for an upljft. The Consortium managers meel on a bbmonthly basis to review prthjress of the Contract and ils consliluenl parts, and lo consider new developments. Praxis, staff continue lo benefit from shared training opportunities and assistance in the computerisalion of records using the Inlorm system. This means Ihal all support work of clients is centrally recorded and achieves a range of important purposes and outcomes. Praxis is also part of Ihe Newcastlè City Council's Gateway syslem which is also computerlsetj. This 8IIow5 for potentiel clients of Praxls Servlce to be promoted through Ihls system and lo help evaluate a range of important outcomes. These Include length of stay In Praxis accommodation-, Movon aangementS. reasons for leavlng indudlng evlctlon and the tabulatlon of Ihe number of referrals over tlme and the number of acceptances and refusals. This service continues lo provide high quality accommodation for up to eight mothers with their depend8nt children. All of our families have complex needs and high percentages are involved with slatulory services such 8$ Soclal Service departments. Although some of our famllies are clearfy identifled as Ileelng dome5tlc vkJlen¢e, many ol them do not fall slralghffotwardly Into thls category. Many of the women wish lo malntain s(yne relatlonship wlth their previous partners and Praxls staff work wlth other agencl6s to f8cilit8le contact between fathers and theif children. This $8Nice specialises In work with thè mothers wlth dependent children who may b8 involved with Newcastle Social Care and a range of complex siluations. This involves 8 high degree of team working with our partner agencies and the work is intense and demanding. Amongst 8 range of importanl oulcom8s include5 the prevention of children being looked aft8r by the Local Aulhorily. Thls sece cnnslsts of Iwo large-terr8ced houses al Norm8nton Terrace In the Wesl End of Newc£stle and provides high slandard accommod8tion for twelve men and women. The women's house at Norrnanton Terr&e. whlch was once slngle female accommo¢Jatlon now a¢cornmodates pregnanl women and women with thelr dep&nd6nt chlldren due to hlgh demand for family accomm¢)datlon. Our third property Is b8sed 81 Pr8xls Hous8. Thls propety18 8 large detached modem house standlng In Ils own, well stocked gardens. The property has been extenslvely renovated and provldes very comfortable accommodation for up to $8ven men al prèsent however can be a mixod dependlng on demand in Newcastle at any one Ilme. Praxls fourth propety Is situated at Brlghton Grove, recently modemlsed Is also In th8 Wesl End of Newcastle. Thls Is a large-terraced property for the occupation of up to six Service Users. Our fifth house is a flvo bedded terraced also in the Wesl End of Newcastle dose lo our maln offices, thls has also been updated to a very hlgh standard. Our newest propety, fully refurbed has been open for several months and Is an additlonal 3 unlts for women and children. All seven propertles have HMO status through Newcastle Clty Coundl.
PRAXIS SERVICE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and perforniance Flnanclal revlew The principle funding sourGes of Praxis are Housing Benefit income received from Newcastle City and SupportitYJ People income. The total income from these sources is shown in note 3. At 31 March 2025, the totsl unrestricted reseives stood at £1,965,452 12024.. £1,838,378}. Included withiri unrestricted reserves is a balance of £547,549 (2024.. £559,929) which Is designated as £527.623 12024.. £527,623) for a future women and ohildren's project premises. £6.697 12024: £32,306) for property upjrades. and £13.229 (2024.. nil) for th8 purchase of a van. Reserves policy The Support Service Manager has the power to invest in such investments. securities, or propety as they see fit subject lo any reslrictions imposed by law. The trustees identify that they wish to pursue a policy of holding sufflcient cash deposits in our various bank accounts to cover various potential contingencies. Thls was achieved in the year. The trustees consider that the target for free reserves should remain in the sum of £100,000. Excluding flxed a&sets and designated funds, the unrestricted reserves are £720,308 (2024: £561,106). The trustees are reviewing the reserves held in excess of this target to identify areas where Praxis can conlribule rther to its obj-ectives, including identfying the need for additional staff resources or addition81 properties for the projects. The charity participates in the Tyne and Wear Pension Fund. Following a valuation 81 31 March 2022 contribution rates from 1 April 2022 are 27.10A. Key risks management During the year the trustees reviewed Iheir risk management plan. As part of the risk management process. Ihe truste8s have implemenled a nsk management strategy. which comprises of: an annual review of Ihe risks. which the Charity may face; detailed action plans to mitigate those risks identified.. and the impmentall0 of procedures designed to minimise any rM)tential impact on the Charity should of those risks malerialise. The risk management focused on the need to maximise retums from thèir cUrnt cash reseNes. ensure new developments in the Supporting People requirements are kept abreast of and initiate compliance measures as and when appropriate. The trustees also recognise the increasing burden of the superannuation scheme and are keeping abreast of any increased cost. Going concern The trustees have reviewed the sources of income for Praxis and expect no material change in the levels of incoming resources. The trustees have also reviewed the levels of expenditu incurred by Praxis and expecl no material change in Ihe level of outgoing reSoUrs. Given the level of funds available. and the new contract now agreed. the Iruslees are confident that they have sufficient funds lo ongoing expenditure and other liabilities as they fall due. Based on the cash reseNes held by Praxis, and Ihe wnsistency in the monthly management accounts, the trustees a wnfident that Praxls has adequate resources to continue in operational existence for the IL)rèsÉ•èablè futLir¢). Thus. tha trLlSt•as continuè to adopt the going concèm basis of accounting in preparing Ihe financial statements. Structure, governanco and management Praxis SeNice 15 a (*arity which was registered wilh thè Charity Commission on 13 January 1992, number 1007319. It is also a private company limited by guarantae and ft having share caprtal, being registeréd with Companies House on 28 July 1988 under company number 02281535, governed by ils Memorandum and Artides of Association.
PRAXIS SERVICE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The director who served the chanty during the year and the since the year end was as folows: M Roblnson As well as the director a number of people acted as trustees during the year, and thes8 aro: S. Murthwaite M. Robinson (Chair) Dr J. Moore K. Moore B. McAloon Trustees can be appointed andlor leave the committee at any point during the year. Praxls advertises In the local press and on the Intemet for new potentlal trustees. New trustees are given dear instrudlon and Information on their range of new responsibilib'es as well as having the opportunity lo attend training courses. particularly those run by Newcast18 Council for Voluntary Services. The 51aff team Is managed by a Support Servlce Manager, P Gllllngham BA and there Is an org8nls8tbnal structure whlch Includes Senbor Prolecl Workers, an Admlnlstralor, a part-tlme Bookkeèper, and a team of Prolecl Workers. The trustees Consider key management comprise Ihe Charity's Iruslees and Ihe service manager who we in charge of clirecting and controlling, running and operating the charity on a day-l04ay basis. All Iruslees give their time freely and no Iruslee received remuneration in the year. Details ol trustees, expenses and rel8ted party tr8nsaclions are disclosed in notes 9 and 16 to the accounls. The pay of the support servlce manager Is revlewed annually and nomially Increased In 8C¢txdance w61h average earnlngs. Trustees. rogponslbllltles in relatlon to the flnan¢ial statemonts Tha Trusl88s (who are also the directors of Praxis Service lor the purposes of company18wl ar8 r8sponsibl8 for preparing a Tru5t8es' Annual Report and financial statements in accordance with applicable law and UK Accounling Standards {Unlled Kingdom Generally Accepted Accounling Praclicel. Company law requires the charity trustees to prepare financial slalements for each year which give a true and fair view ol the slate ol alfaifs ol the chafilable company and of Ihe incoming resources and appli¢81ion ol resources, including Ihe income and expendiluro, of Ihe ¢harilable company for that period. In prepwing the rinancial statements, Ihe Trustees are required lo.. Select sultable 8ccounllng practlces and then appty them conslstently; ObseNe the metht)ds and prin¢iple5 in Ihe applicable Charities SORP., Make judgements and estlmates that are reasonable and prudent- Slatè whether appllcable UK accounting standards have been fotlowed., subject to any materlal departures that must be disclosed and exptained in the financial slalements.. and Prepare the financial statements on the going concern basis unless it is inapproprlate to presume that th8 chantable company will continue in business. The Trustees are responsible for keeping adequate accounting records Ihat disclose with reasonable accuracy at any lime the financial position of the charitable company and lo ènable thèm to ensur8 Ihal the financial stal8mgnlS comply wilh lh8 Gompanies Acl 2000. Tney aTe a139 fespoI)tslble for aaleguardin9 th¥ aB6•ts of lh• charitable company and laklng reasonable sleps for the prevention and detection of fraud and olher irregularities. The Trustses. Report was roved by the Board of Trustees. M Robinson Director Dated: .V.6
PRAXIS SERVICE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PRAXIS SERVICE I report lo the Iruslees on my examination of the accounts of Praxis S8Nice {Ihe compansl) for th8 year ended 31 March 2025, which are sel out on pages 6 to 17. Responslbllltles and basls of report As the trustees of the company land also its directors for the purposes of company18wI you aro spOnsible for the preparation of the accounts in accordance wilh Ihe requirements of Ihe Compariies Act 20061.ihe 2006 Acl'l- Havlng satlsfled myself that the accotjnls of the company are not qUIred to be audlted under Part 16 of the 2006 Act and are eliglble for Independenl examlnation I report In respect of my examinallon of your charity's accounts as carrled out under secllon 145 of the Charllles Act 2011 {'the 2011 Act,). In carrying oul my examlnatlon I have followed the Directions glven by the Charity Commission under section 145 (5){b) of the 2011 Act. An independent examinats'on does not involve gathering all the evidence that would be required in an audit and cons8quently does not cover all the matt8rs that an auditor considers in giving th8ir opinion on the accounts. The planning and conduct of an audii goes beyond the limited assurance that an independent 8xamination n provid8. Cons6quenlly, l expr8ss no opinion as lo whether the accounts present a Irue and fair vi8w' and my report is limited to Ihose specific rn8118FS sel oul in the independenl examiner's slat6m&nl. Ind•pondont •xamln•rfs ital•m0nt Since the company's gross Income exceeded £250,000 your ex8miner musl be a member of a body listed In section 145 of the 2011 Ad. I confirm that l am quallfled to undertake the examination because l am a member of The Inslllule of Chartered Accountants In England and Wales, which Is one of the Ilsled bodies. I have completed my examination. I confimi Ihal no material mattèrs have come lo my attention In connectlon with the ex8minalion giving me reasonable cause lo believe that in any material respecl.. 111 accounting r8cords were not kept in resped of the company as raquired by Section 386 of the 2006 Act; or 121 the accounls do not accord wllh those records.. or 131 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act othef than any requirement Ih8t the accounts glve a 'true and falr vlew, whlch Is nol a matter consldered as part of 8n Independent examlnalion- or {41 the accounts have not been prePad in accordance with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities applicable to charities preparing thoir accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland (FRS 102). I have no concerns and have corne across no other matters in connectlon with the exam5nation to whlch atlenllon should be drawn In thls report In order lo enable a woper understsndlng of the accounts to be reached. Signed- Nam8'. Lucy Robson Name of appllcable Ilsted body: ICAEW Relevant professional qualtfication or membership of professional body: FCA LUGY Robso On b8h8lf of RSM UK Tax and Accounting Limited Chartered Accountants 1 St. James. Gate N6wcaslle upon Tyne United Kingdom NE14AD
PRAXIS SERVICE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted 2025 2024 Notes Donalions and bgacies Charitable aclivities Investments 13.229 764.104 6,339 750,695 7,107 Total Ineomo 783.672 757,802 Charitable activities Loss on disposal of tangible assets 856,471 127 595,254 Total expendltur• 856,598 595,254 Nel Ineome for the year and nel movement In funds 127,074 162.548 Total funds brought forward 1,838,378 1,675,830 Tolal funds Garrlod forward 1,965.452 1,838,378
Company Registration No. 02281535
PRAXIS SERVICE
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 10 | 697,595 | 717 (343 | ||
| Current assets | |||||
| Debiors | 11 | 99,865 | 60,447 | ||
| Cash at bank and in hand | 4,185,382 | 1,076,423 | |||
| 1,285,247 | 1,136,870 | ||||
| Creditors: amounts falling due within | 12 | ||||
| one year | (17,350) | (15,838) | |||
| Net current assets | 1,267 857 | 1,121,035 | |||
| Total assets less current liabilities | {965,452 | 1,838,378 | |||
| Funds | |||||
| General unrestrictedfunds | 14 | 1,417,803 | 1,278,449 | ||
| Designated fund | 14 | 547,549 | 559,929 | ||
| 1,965,452 | 1,838,378 | ||||
| 1,965,452 | 1838,378 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. No member of the company has deposited a notice, pursuant io-section 476, requiring an audit of these financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved by the Director and authorised for issue on O6/10 (25
M Robinson
Director
7s
PRAXIS SERVICE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2Q24 Notes Cash flo¥ froffl operating actlvities Net cash provided by operating activities 17 111,114 179,257 Investlng acilvltles Purchase of tsngible fixed assets Intèresl received 18,4941 6.339 1219,057) 7,107 Net cash used In Investlng actlvltles {2,155) {211,950} Net increa5el(decrease) in cash and cash equivalents 108.959 (32,693) Cash and cash equivalents at beginning of year 1.076.423 1.109,116 Cash and cash equivalents at end of year 1,185.382 1,076,423
PRAXIS SERVICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles Charlty Inforniatlon Praxis Service (Ihe 'tharitable companVI is a private company limited by guarantee incorporated li England and Wales. The registered office is Praxis House, Park Close. Newcasile upon Tyne. Tyne and Wear, NE4 6SB. The charilable company's operatlons and prlncipal activittes are described in the Trustees, Report. 1.1 Accounting ¢onventlon These financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. (FRS 102) second edrtion {effeclive 1 January 20191. "Accounting and Rep)rting by Charitiès" the Statement of Recommended Practsce for charilies applying FRS 102, the Companies Act 2006 and UK Generalty Accepted Accounting Practi¢8 as it applies from 1 January 2015. The charitsble company is a Public Benefit Entity as defined by FRS 102. The financial statements are pr8pared in sterling, which is the functional currency of the charitable company. Monetary amounts in thèse financial statements are round8d to the nearest £. The financial statements have been prepared under the historical cost convention. The principal acLounting policies adopte(l are set out below. 1.2 Going ¢oncem Financial Reporting Standard 102 requir8s, rf appropriate, th8 charitable company's financial statements ar8 prepared on the going concem basis, which means that the charitable company is able lo operate for the foreseeable fulure on Ihe basis of known and reasonable projected resources. The trustees have vieWed the sources of income for Praxis and expect no material change in the levels of income. The Irvslees have also reviewed the levels of expenditure incurred by Praxis and expect no material change in the level of expenditure and a confident that a renewal of services will be agreed with Ihe Commissioners. Given the level of funds available. and the new contract now agreed. the trustees are confident that they have sufficient funds to meet 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 confiderrt that Praxis has adequate resources to continue in operakn'onal exlstence for Ihe foreseeable future. Thus, the TTUStees continue to adopt the going concem basis of accounting In preparing the financial stalements. 1.3 Charitable funds Unrestricted fvnds are available for use at the discretion of the director in furtherance of their charitable objectives unless the funds have been designated for oth8r purposes. Designated funds are unrestricted funds that have been earmarked by the trustees for a specifi¢ purpose. 1.4 Income Income is recognised In the period in whlch the charltsble company has entltlemerrt to the fvnds, Y conditions attached to the incnme have been met. il is probable that the income wlll be r1Ved and the amnunt can be measured reliably. Donations and legacy income are induded in the Ststement of Financial Activilies when receivable. In accordance with the Charities SORP {FRS102) general valunteer time is not rec(NJnised. Income from charitable activlties Is re¢ognised in the Statement of Flnancial Activitles as received. Interest on funds held on deposit is indudetj vthen receivable and the amount can be measured reliably by the tharilable company: this Is normally upon notification of the interest paid or payable by the bank.
PRAXIS SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounling policies (Continued) 1.5 Expendlture Expendilure is all considered as expenditure on charitable activities. Expenditure is recognised once there is a legal or constructive obligation to make a payment lo a third party; it is probable that settlamenl will be required and Ihe arnount of Ihe obligation can be measured reliably. Expendilure is included in the Slatemenl of Financial Activities on an accruals basis, indusive of VAT. They indude.. Charitable expenditure comprises those costs incurred by the charitsble company in the delivery of its activities and services for Its benefsciaries. It includes both costs that can be allocated directly to such activities and those costs of any indirect nature necessary to support them. Governance costs include those cost5 associated wilh meeting the constitutional and the statutory requirements of the charitable company and indude the audit fees and costs linked to the strategic management of the charitsble company. 1.6 Tangibb fixed assets Assets worth £250 or more are capitalisod upon acquistion. Tangible fixed assets are initially measured al cost and subsequently measured at cosl, nel of depreciation and any impairment losses. Depreciation is recognised so as lo vrrite off the cost of assets less thelf residual vaues over their useful lives on the following bases.. Fraehold properties Plant and equipment 2.10 straight line 20% reduang balance Subsequent costs. including replacement parts are capiialised only when it is probable that such o)sts will generate future economic benefits. Any replaced parts or remaining carrying amounls are then derecognised. All other cosis ol repairs and maintenance are charged to profit or loss as incurred. The gain or k)ss arising on the disposal of an asset is detemiined as the difference between the sale procee(Is and the carrying value of the asset, and is recognised in net incomellexpendilurel for the year. 1.7 Financial instruments The charitable company has el8ct8d lo appty the provisions of Section 11 '8asic Financial Instruments. of FRS 102 to all of its financial inslruments. Financial instruments are recognis8d in the charitable companrfs balance sheet whgn the charitable company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offsel. with the nel amounts presented in the financial statements. when Ihefe is a legally enforceable right lo set off the recognised amounts and there is an intenlion to setde on a nel basis or to realise the asset and settle the liability simullaneously. Basic financial assets Basic financial assets. which include traoe. other ueblors and cash ano banK balances, are Inlllally measure at transaction price including transaction costs and are subsequently carried at amortised cost using the effects.ve interest method. 10-
PRAXIS SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Aecountlng pollcles (Contlnued) Basic flnanclal liabllltle$ Basic financial liabilities, including other Creditors, are inilially recognised at transaction prica unless the arrang8m8nl conslitul8s a financing transaction, where the debl instrument is m8asured al th& present valu8 of the lulure receipts discounted at a markel fale of interest. Financial liabililies dassified as payable within one year are not amortised. 1.8 Ernployee b•noflts The costs of short-lemi employoe benefits are re¢ognlsed as 8 Ilablllty and an expense, unless these costs are requlred to be capllallsed as an Intangible or tangible fixed asset. Certain employees are entit1 to carry forward unused holiday entitlement at the reporting date. The ¢osl of any unused entillement Is recognised in the period in which the employe8's services ar8 required. 1.9 Retlremont benoffts The charitable company participates in 8 multi-6mpbyer pension scheme for ils employees. For the scheme, contributions are recognised as oxpendilure in the period to which Ihey relate as lhe is insuificnl informalion available lo use defined benefit accounllng. Where 8ppllcable. a Ilabillty Is recognlsed for contrlbullons 8rlsing from an agreèment th the TNttI-employer plan that determlnes how the charitable company will fund a deficit. Contributlons are discounted, al a rale according lo FRS102, when they are not expected to be settled wholly withln 12 months of the period end. The unwlndlng of the d15count rate Is reGC*3nlsed as a finance cost. 1.10 Governmènt grants Government grants are recognised al the lair value ol the assel r8ceivgJ or receivable when there is reasonabl8 assuran Ihal the granl Conditsons will b8 met and Ihe grants will be reIved. Government grants relating lo turnover are recognise(l as income over Ihe peTiads when the related cosls are Incurred. Grants relating lo an asset are recognised in income syslemalically over Ihe asset's expecled useful life. If part ol such a grant is deferred 11 is recognised as deferred income rather than being dedled from the asset's carrylng 8mounl. Donatlons and legacle8 2025 2024 Loga¢ie5 receivable 13,229 Charltsble actlvltlas 2025 2024 Rents and supporting people income 764,104 750,695 11
PRAXIS SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Investments 2025 2024 Bank interest receivable 6.339 7,107 Charltablo actlvltles 2025 2024 Staff costs 297,456 317,315 Share of supwrt costs {880 note 6) Share of 9ovemance costs (see note 6) 335.746 23,269 255,871 22.068 656,471 595,254 Analysls by fund Unreslncted lunds 656.471 595.254 Support Costs Support Governance cosls costs 2025 2024 Depreciation Office costs Priniing, postage and st81ionery Oulings Travel and subsistenc8 Rehabllitallon and welfare Fo¢Jd and calering Premises CLssIs Repalrs and renewals Head office nt Other c051s 28.115 15,962 2.824 9,186 4,511 18,335 1,742 81,041 144,583 26.326 28,115 15,962 2,824 9,186 4.511 18,335 1,742 81,041 144.583 26.326 23.895 14.082 2.052 10.756 7,319 16,408 2,121 73,349 80,646 22.100 111 3.121 3.121 3,143 Legal and professional Accountancy fees Independenl examination and stalutory accountancy fèès 6,233 10,796 6.233 10,796 6,958 10,070 6.240 6,240 335,746 23,269 359.015 277,939 Analysed between Charitable activities 335.746 23.269 359.015 277.939 12-
PRAXIS SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movement In funds 2025 2024 Net movement in funds is stated after charging.. Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets Independent examinalion fees Accountancy fees 28.115 127 2,520 3,720 23.895 1,320 3,720 Employoes Number of employees The average monthly number employees during the year was: 2025 Number 2024 Number Employees Employment costs 2025 2024 Wages and salarie5 Social security costs Other pension cost5 258,362 21,867 17,227 274,749 23,616 18,950 297.456 317.315 One employee eamed in axcess of £60,000 during the year12024'. 1). Staff salaries {•x¢ludlng pen5Fon) 2025 2024 £60.001-70,000 . No expenses were reimbursed to the trustees during the year (2024.. nil). During the year, the charliable company paid trustee's indemnty insurance of £nll (2024.. £nill. Director and trusteos Key mariagement ccimprises the trustees and the general manager. None of the twsteès lor any persons connèc16d with them) received any remun8ration or benefits from Ihe ch8ritable company during the Current or previous yaar. The total remuneralion of key management was £88.314 {2024.' £97.2701. 13.
PRAXIS SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Tangible fixed assets Frèehold Plant and propertles equlpment Total Cost At 1 Apnl 2024 Additions Disposals 850,017 197,879 8,494 {1.782) 1.047.896 8.494 {1.782) At 31 March 2025 850.017 204.591 1.054.608 Depre¢lation and Impalrnwnt Al 1 April 2024 Depreciation chargp.d in the year Eliminated in SpeCt of disposals 184,188 17,000 146,365 11,115 (1.6551 330.553 28,115 (1.655) At 31 March 2025 201,188 155,825 357.013 Carylng amount At 31 March 2025 648,829 48.766 697.595 At 31 March 2024 665,829 51,514 717,343 11 DebtOWB 2025 2024 Amounts falling due within one year: Trade debtors Prepayments and accrued income 30,026 69,839 21,715 38.732 99.865 60,447 12 Credltors: amounts falllng due wlthln one year 2025 2024 Other taxation and social securty Other creditors Accnjals and deferred income 6,839 1,886 7,110 2,356 8,490 17,390 15.835 14-
PRAXIS SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Retirement benefrt schemes The charitable company participates in a multi-employer pension dan. being the Tyne & Wear Superannuation Fund Scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The contribution5 payable by the charitable company charged to income and expenditure amounted to £17,227 (2024.. £18,950). Th6 pension fund is run as a mulli•employer scheme and as such it is not possible for the assets and liabilities of the fund lo be identified separalely. As at 31 March 2022, the Tyne and Wear Pension Fund was valued. Due lo d8fial lunding Ihe required employerfs conlribulion rate from 1 April 2024 is 27.1°. As at the balance sheet date. there was 1 (2024.. 1) active members of the fund employed by the chailable company. 14 Anatysis of ¢harltable funds Movemenl In funds In¢oma Expendlture Balance at 1 April 2024 Transfers Balanco at 31 March 2025 Unrestricted funds General Designated 1,278,449 559.929 783,672 (630,9891 (25.6091 (13,2291 13,229 1.417,903 547,549 1,838.378 783,672 (656.5981 1,965.452 Movement in funds Income Exponditure Balance at 1 April 2023 Transfors Balance at 31 March 2024 Unrostricted funds General Designated 870.830 805.000 757,802 1350,183) 1245,071) 1,278,449 559,929 1,675.830 757,802 (595.2541 1,838.378 Unr stri fund General funds are 'free reserves, after allowing for designated funds. From unrestricted funds. the trustees have made the following designations.. an amount of £527.623 to purchasè and rert)ISh one additional property lo expand the Newcastle women and children project and potentially office space, following th8 purchase and refuTbi5hment of 89 Norrnount Road in the year; and an amount of £6,697 has baen allocated for property upgrades and repairs. These works are ongoing. an amount of £13.229 has been allocated for the purchase of a van. 15-
PRAXIS SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Anatysls of net assels between funds Unrestrlcted Designatsd funds funds Restricted funds Total lunds Fund balances at 31 March 2025 are represented by.. Tanglble assets Currenl assets Currenl liabilities 697,595 737,698 <17,390} 697.595 1,285.247 I17.3)> 547,549 1,417,903 547,549 1,965,452 Unrostricted Designatod funds fund$ Restricted funds Total funds Fund balances at 31 March 2024 are represented by.. Tangible assets Currenl assets Cuent li8bilities 717,343 576,941 115,835) 717.343 1.136.870 (15,835) 559.929 1.278,449 559,929 1.838.378 16 Related party transactions ThFJre were no disclosable related party trdnsdclions during the year (2024.. none). 17 Reconclllatlon of net Income to not ushflow from operatlng actlvltles 2025 2024 Net income for the rewrting period (as p8r the ststement of financi81 activiliesl 127.074 162,548 Adjustments for: Inveslmenl income Loss on disposal of tangible fixed assets Depreclation and impairrnenl of tanglble fixed assets 16.3391 127 28.115 17,107) 23,895 Movements in worklng capital: {Inuease> in debtors Increase in creditors (39,418} 1.555 11.372) 1.293 Ngt cash provlded by opgratlng aclfvltle5 111.114 179.25T 18 Legal status of the charity The charilablp company is a company limited by guarantee and has no share capital. In the event of the charflable company belng wound up. the Ilablllty In resp8cl of the guarantee Is Ilmfted 10 £1 per member of the charitable company. 16-
PRAXIS SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Taxatlon The charitable cL)mpany is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or Section 252 of the Taxatlon of Chargeable Gains Act 1992 to the extent that these are appli& to its harilable objects. 17-