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 mc￿re
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 ACCOUn￿n9 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. a1￿holISm. 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 hO￿leSS 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-, Mov￿on
a￿angementS. 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 se￿￿ce 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 imp￿mentall0￿ 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 cUr￿nt 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 reSoUr￿s. 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 f￿t 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 prePa￿d 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 r￿1Ved 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 entit*1 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 insuific*nl
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 re￿Ived.
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 ded￿led 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 re￿rt)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
Cu￿ent 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-