Company rogistration number 02733145 (England and Wales) Charlty reglstratlon number 10148941England and Wales) CASTLE SUPPORTED LIVING LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CASTLE SUPPORTED LIVING LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr P Hopwood Mrs P Howarth Mrs L Parrott Senior management L.Capstick D.O'Brien Registered Manager Nominated Individual Country of Incorporation United Kingdom {England and Wales) 02733145 Charlty reglstratlon England and Wales 1014894 Reglstered offlce 3 Castlegate Clitheroe Lancashire BB7 1AZ Audltor Smith & Goulding Limited 2 SoLrthport Road Chorley Lancashire PR7 1L8
CASTLE SUPPORTED LIVING LIMITED CONTENTS Page Trustees, report Independent 8udrtorfs report Statement of financial activities Statement of cash flows 10 Statement of financial position Notes to the financial statements
CASTLE SUPPORTED LIVING LIMITED TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The accounts have been prepared in accordance with the accounting policies set out in note 2 to tIE accounts and comply with the charity's governing document. the Companies Act 20C6 and °Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities pparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {effective 1 January 2019}° Objectives and actlvltles The charity's principal object is to provide domiciliary care. training and support for persons with learning difficulties in the district of the Ribble Valley. There has been no change in the objectives during the year. Castle Supported Living provides support workers to assist clients with personal care, household tasks and social activities. Support workers are carefvlly chosen and matched with clients to ensu that there is go)d compatibility between the two and that they have sufficient training and experience to meet the dienvs specific needs. Public benefit The trustees have paid due regard to guidance issued by the Charty Commission in deciding what activities the charity should undertake. Activrf*s Castle Supported Living is a Registered Charity which provides support for adults with learning ar#J other disabilities to enable them to live independently in their own homes. Castle is registered with the Care Quality Commission. It manages the funding provided mainly through the Lancashire County Council Supported Living Framework The company operates in the Ribble Valley to aange. develop and maintain quality person tred support ,working in partnership to enable the best business practice. Castle Supported Living Limited has rating of outstanding with coc. Castle Supported Living is managed by 8 board of 3 Trustees vtho volunteer their time to sit on the Board of Directors, attending regular meetings. They work closely with Management to oversee the strategic direction, policy reviews and development, and the security of the business plan of the Charty. They liaise frequently with staff. participate in recruitment and offer ongoing support.
CASTLE SUPPORTED LIVING LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and performance Signrficant activities and achievements against objectives Achlevements and Perfomiance Events- Once again it has been a pleasure to hold Quality, Social and Celebratory events. These have been very well received by the people support. families and Castle staff. A Christmas celebration was held. Events were also held focusing on Infection control. Oral Health. Nutrttion and Hydration and reusing, Recycling and Reducing materials. Values - Castle core values are to provide and develop Choice. Action. Support. Teamwork and LoGal Community Involvement.... And Induding Everyone At All Times. Recruitment - Castle maintains a strong and motivated VrkfOrCe. The managerial roles of Registered Manager and Nominated Individual have been spltt, and the new Registered manager has been appointe(J. This was an internal promotion. The first two Senior Support INorkers have been appointed, again internally Data- The annual Data Security and Protection toolkit requirements and standards have been met Business Contracts - Castle continues to maintain contracts with the LCC Supported Housing Framework and continues to meet the compliance of that and the LCC Living Well Framework. A contract with NHS Continuing Health Care. Three privately arranged contracts continue to be supported. Workforc•- Following Succession Planning a new structure has been put in place to meet compliance and financial requirements. There has been additional training in Business Administration, Champions in Roles and also Oliver McGowan. The team remains strongly committed to Vvorkforce Development and continues to be a member of the Employee Assistance Schem8. Our Infection Control Champion received 8n award from the Infection Prevention Control Team Finance- Cost savings ideas have been implemented. Adjustrnents to reduction of income and external pressures on the budget have continued Technology - After a successful application, a grant from NHS Lancashire & S. Cumbria was greatly received vthich enables Castle to develop digital working and use the most efficient and suitable systems, including digital care records Partnorshlp Worklng- There are strong partnerships with local businesses and organisations. Castle continues to feature in Skills For Care national documents. Arrangements with Housing Support Partners have been reviewed. Participation with a Crisis Support Project and Partner continue Finally- Everyone working for and involved with Castle deserves praise and recognition for their continuing efforts in empowering the individuals we support. providing support and guidance for those people who are vulnerable in society. Financial review During the year ended 31 March 2025 Castle Supported Living generated income of £1.204.789 (2024: £1.077,211) primarily from the payment for delivering sen11S to dients. The largest funding provider is Lancashire County Council. Expenditure during the year to 31 March 2025 was £1.161.790 (2024: £1.118.108).Included in this income was a grant from the NHS of £4800 for digital expenditure on training and infomiation technology which was expended in the year. The overall result for the year was a surplus on unrestricted funds of £42.999 (2024: deficit of £40,897). The balance of general unrestricted funds at 31 March 2025 was £214,077. Reserves poIY It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that. in the event of a significant drop in funding, they will be able to continue the charty's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintsined throughout the year.
CASTLE SUPPORTED LIVING LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Major iisks Rlsk management The trustees have assessed the major risks to which the charity is exposed. in particular those related to the operations and fInanS of the organisation, and are sats"sfied that systems and procedures are in place to mitigate exposure to the major risks. The charty maintains a formal risk register which is continually monitored and reviewed monthly by the Trustees to ensure that all significant issues are being actively managed and mitigated. This indudes maintaining its CQC rating as good.. Internal risks are minimised by defined prOdureS for the authorisation of all transactions and obligations which ensure consistent quality of delivery for all operational aspects. The charity's systems and procedures are regularly reviewed by LCC as a condition of continuing their contract. Structure, governance and management The charity is a company limited by guaranlee, incorporated on 21 July 1992 and registered as a charity on 23 October 1992. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is govemed under its Articles ofAssociation. The trustees, who are also the directors for the purpose of company law, and who served during the year were: Mr P Hopwood Mrs P Howarth Mrs L Parrott A Clarke M G Haworth (Resigned 15 August 2024) (Resigned 9 April 2024) Recmitment and appointment of tnjstees None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. Method of appointment of trustees The Board of Trustees is responsible for the overall management and control of the charity. workirg with the Manager and senior staff on strategic and operational development. Trustees are ctropted from local people who are sympathetic to Ihe charity's objectives.. usually after attending Management Committee meetings over a period of time that is sufficient to provide a full insight into the activities of the charity. OnISational stnjcture Organlsallonal structure and decision making The charty employed an average of 55 staff during Ihe year. of which all but 5 were employed to provide direct support to the charity's clients. The other 5 provide management and administrative support in order to meet the charitable objectives of the charity. Decisions on the day to day operation of the charity are taken by the Manager and senior colleagues. TTUStees meet regularly and receive detailed reports and financial infomiation for those meetings. The trustees have regard to the Charity Commission's guidance on public benefft in managing the charity. Statement of trustees. responslbllltles The trustees, who are also the director5 of Castle Supported Living Limited for the purpose of company law. are responsible for preparing the Trustees, Report and the financial statements in accordan with applicable law and Unbted Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, induding the income and expenditure, of the charitable company for that year.
CASTLE SUPPORTED LIVING LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 In preparing these financial statements. the trustees are required to: select suitable accounting policies and then apply them con5iStently.' - observe the methods and principles in the Charities SORP 2019{FRS 102); make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disdosed and explained in the financial ststements- and prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and ensble them to ensure that the financial ststements comply with the Companies Act 2006. They a also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltor In accordance with the companls articles, a resolution proposing that Smith & Goulding Limited be reappointed as auditor of the company will be put at a General Meeting. Disclosure of infonnatlon to audltor Each of the trustees has confirmed that there is no infomiation of which they are avre which is relevant to the audit, but of which the auditor is unaware. They have further confimied that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. The trustees, report was approved by the Board of Trustees. Mr P Hopwood Trustse Date: .... J.6,.11.1.2.5................
CASTLE SUPPORTED LIVING LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CASTLE SUPPORTED LIVING LIMITED Opinion We have audited the financial statements of Castle Supported Living Limited (the 'charity') for the year ended 31 March 2025 which Gomprise the statement of financial activities, the statement of financial position, the statement of cash flows and notes to the financial ststemenls, including significant accounting policies The financial reporting fraMeVrk that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland (United Kingdom Generally Accepted Accounting Pr8Ctice). In our opinion, the financial 5tatements- give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of reSoUrs, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting practi., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for the audit ol the financi81 stat8mgnts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusion8 relating to going concern In auditing the financial statements, we have concluded that the trustees. use of the going concem basis ol accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonned, we have not identified any material uncertainties relating to events or conditions th8t, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Other Inforniation The other information comprises the information included in the annual report other than the fInarla1 statements and our auditor's report thereon. The trustees are responsible for the other infonnation contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any fomi of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other infomalion is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misststed. If we identify Such malerial inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial slatements themselves. If. based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception INe have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you rf, in our opinion.. the inforniation given in the financial ststements is inconsistent in any material respect with the trustees, report., or sufficient accounting records have not been kept., or the financial statements are not in agreement with the accounting records., or we have not received all the information and explanations y require for our audit.
CASTLE SUPPORTED LIVING LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CASTLE SUPPORTED LIVING LIMITED Responslbllltles of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being Satisfied that they give a true and fair view. and for such intemal conlrol as the twstees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial ststements, the trustees are responsible for assessing the charity's abilty to continue as a going concem. disclosing. as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financial ststements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misststement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assuran but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the a9gregate, they could reasonably be expected to influen the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. The engagement partner ensured that the engagement team collectively had the appropriate competence. capabilities and skills to identify or recognise non-compliance with applicable laws and regulattons- We identified the laws and regulations applicable to the company through discussions with Directors and other management, and from our commercial knowledge and experience of the sector. We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, employment taxes legislation and data protection. employment. environmental and health and safety legislation; We assessed the extent of compliance with the lav and regulations identified above through making enquiries of management and inspecting legal c0rresp0nden,audits performed and external assessments of the charty; and Identffied laws and regulations were communicated viithin the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement. induding obtaining an understsnding of how fraud might occur, by: making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
CASTLE SUPPORTED LIVING LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CASTLE SUPPORTED LIVING LIMITED To address the risk of fraud through management bias and override of controls, we: perfomed analytical procedures to identify any unusual or unexpected relationships. tested journal entries to identify unusual transactions,. and assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias. In response to the risk of irregularities and non-compliance with laws and regulations. we designed procedures which included, bui were not limited to: agreeing financial statement disdosures to underlying supporting documentation. reading the monthly minutes of meetings of those charged with governan. enquiring of management as to actual and potential litigation and daims and non-compliance regulators" and reviewing correspondence with HMRC, relevant regulators induding the Care Quality Commission. Lancashire County Council and Ribble Valley Borough Council. with There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions. the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correSpdence, rf any. Malerial misstatements that arise due to fraud can be harder to detect that those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at= This description forms part of our auditorfs report. Use of our report This report is made solety to the chanty's trustees, as a body, in accordan with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Gharity and the charity's trustees as a body, for our audit work. for this report, or for the opinions we have fomied. Kieran Brophy ACA (Senior Statutory Auditor) For and on behalf of Smith & Goulding Limited, Statutory Auditor Chartered Accountants 2 Southport Road Chorley Lancashire PR7 1LB Date..
CASTLE SUPPORTED LIVING LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted funds 2026 Restrlcted funds 2025 Total Unrestrlcted funds 2024 2026 Income from: Donations and legacies Charitable activities Investments 4,800 4,800 1,196,136 3,853 1.196,136 3,853 1,074,744 2.467 Total Income 1,199,989 4,800 1,204,789 1,077,211 Expenditure on: Charitable activities 1.156,990 4,800 1.181,790 1,118,108 Total expenditure 1.156,990 4,800 1,161,790 1,118,108 Net incomel(expenditure) and movement in funds 42,999 42,999 (40,897} Reconciliatlon of funds: Fund balances at 1 April 2024 171,078 171,078 211,975 Fund balances at 31 March 2025 214,077 214,077 171.078 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
CASTLE SUPPORTED LIVING LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025 2025 2024 Notss Flxed assets Tangible assets 14 8,323 9,801 Current assets Debtors Cash at bank and in hand 15 187,431 80,026 47,147 152,299 267,457 199.446 Creditors: arnounts falling due within one year 16 (61,703) (38,169> Net current assets 205,754 161,277 Total assets less current liabllltles 214,077 171,078 The funds of the charfty Unrestricled funds 19 214.077 171.078 214,077 171.078 These financial st8tements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on ...... Mrs P Howarth Trustse
CASTLE SUPPORTED LIVING LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2026 2024 Notes Cash flows from operating activities Cash absorbed by operations 22 (75,093) (52,112) Investing activities Purchase oftsngible fixed assets Investment income received 11,033) 3,853 2,467 Net cash generated from Investlng actlvltles 2.820 2,467 Net cash generated from flnanclng actlvttles Net decrease in cash and cash equivalents (72,273) {49,645) Cash and cash equivalents at beginning of year 152.299 201,944 Cash and cash equlvalents at end of year 80,026 152,299 10-
CASTLE SUPPORTED LIVING LIMITED STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Criti¢al accountlng •stlmat¢s and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are nol readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects cnly that period, or in the period of the revision and future periods where the revision affects both current and future periods. Key sources of estlmatlon uncertalnty Depreclatlon Determining depreciation requires an estimation of the estimated life of an asset. This has been estimated on the previous life of similar assets. Accountlng pollel•s Company information Castle Supported Living Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 3 Castlegate, Clitheroe, Lancashire, BB7 1AZ43a Moor Lane. Clitheroe, Lancashire, B87 1 BE. It is also registered with the Charty Commission in England and INales. 2.1 Accountlng conventlon These accounts have been prepared in accordance with FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ire18nd" {"FRS 1027, °Accounting and Reporting by Charities. Ihe Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006, the Charil'es Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The charity is Public Benefit Enlity as defined by FRS 102. The financial statements are prepared in sterling. which is the functional currency of the charty. Monetsry amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 2.2 Golng concern At the time of approving the financial staternents, the trustees have a reasonable expectation that the charty has adequate resour$ to continue in operational existen for the foreseeable fijture. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 2.3 Charitabl• funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specffic conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 11
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles (Continued) 2.4 Incoming resources Income is recognised when the charity is legally entitled to it after any performance conditions have been met. the amounts can be rneasured reliably, and it is probable that income will be reived. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perforrnan conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at Ihe time of the donation. Grants receivable are recognised when awarded and receipt of funds have been accepted. 12-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Continued) 2.6 Resources expended Expenditure is recognised once there is a legal or constructive obligalion to transfer economic benefrt to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliabty. Expenditure is classified by activity. The costs of each activty are made up of the total of direct costs and shared costs, induding support costs involved in undertaking each activity. Direct costs attributable lo a single activty are allocated directly to that activity. Shared costs which contribLrte to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party. it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and govemance costs are allocated to the applicable expenditure headings. Charit8ble expenditure comprises those costs incurred by the charty in the delivery of its activities and services for its beneficiaries. Fundraising Costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objeds of the charity and include project management carried at the the registered office. Govemance costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements. Expenditure includes any VAT which cannot be fully recovered, as part of the expenditure to whith it relates. 2.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recogni5ed so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures, fittings and equipment 25% reducing balance The gain or loss arising on the disposal of an asset is detemined as the difference between the sale prOedS and the carying value of the asset, and is recognised in the statement of financial activities. 2.7 Impalnnent of fixed assets At each reporting end date, the charity reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such IndatIOn exists, the recoverable amount of the asset is estimated in order lo detemiine the extent of the impairment loss (if any). 13-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Continued Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use. the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset is estimated to be less than its carying amount, the carrying amount of the asset is redUd to its recoverable amounl. An impairment loss is recognised immediately in incomel (expenditure for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impaimient losses are reversed if, and only if, the reasons for the impaimient loss have ceased to apply. Vbhere an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been detemiined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revalu8ti)n increase. 2.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 2.9 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charty's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financisl assels and liabilities are offset, with the net amounts presented in the financial statements, when there is 8 legally enforable right to set off the recognised amounts and there is an intention to settle on net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balan$, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of Interest. Financial assets dassified as receivable within one year are not amortised. Baslc flnanclal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the fijture receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliets. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 14-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Contlnued) Derecognition of financial liabililies Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 2.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed to temiinate the employment of an employee or to provide temiination benefits. 2.11 Retirement beneflts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Income from charltable activities Unrestrlcted Unrestrlct•d funds funds 2025 2024 Provision of care In the community Care for private clients Care servi$ provided under contract Performance related grants Other income 15.287 1,128,749 10,647 1,006,355 1,895 556 Accommodation management and care Charitsble rental income 52,100 55.491 1,196,136 1,074,744 Income from donations and legacies Restrlcted funds 2025 Restrlcted funds 2024 Grants 4,800 During the year the charity received a grant of £4800 from Lancashire ICB for digital equipment and training. £1000 was spent on training and £3800 spent on computer equipment. 15-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from investments Unrestricted Unrestrict8d funds funds 2025 2024 Other income 3,853 2,467 Description of charitable activities rovision of care in the commu The relief of persons with learning difficulties in the area of benefit of the families of such persons,in particular through the promotion of supported accommodation. The promotion and provision of education and training facilities for persons with learning difficulties in the area,particularly,facilities which will lead to self reliance and independent living within the community. 16-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charftable activitles Provision of Managlng careAccommoda tlon 2025 Total 2025 Totsl 2024 2025 Staff costs Depreciation and impainnent Trdining costs Rent Council tax House expenditure Insurance Repairs and maintenance Printing, postage and stationery Telephone Computer running costs Travelling expenses Sundry expense8 Bank charges 1,053,237 2,510 3,318 10,866 1,053,237 1,008,567 2,510 3,267 3,318 3,903 42,103 39,234 4,881 4,661 19,217 25,573 7,265 6,589 2,516 3,251 1,736 3,467 8,933 6,738 1.803 31 3,180 288 31,237 4,881 13,339 5,878 7,265 2,516 1,736 8,933 4,044 127 1,864 243 127 243 1,102,537 49,457 1,151,994 1,110,552 Share of govemance costs (see note 9) 9,796 9,796 7,556 1.112,333 49,457 1,161,790 1,118,108 Analysis by fund Unrestricted funds Restricted funds - general 1,107,533 4,800 49,457 1,156,990 1.118,108 4,800 1,112,333 49,457 1,161,790 1,118,108 For the year ended 31 March 2024 Unrestricted funds 1,063,991 54,117 1,118.108 Net movement in funds 2025 2024 The net movement in funds is stated after chargingl(crediting): Depreciation of owned tangible fixed assets 2,510 3,267 17-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Support costs Support Governance costs costs 2025 2024 Audit fees Accountsncy Legal and professional 5,110 1,168 3,518 5,110 1,168 3,518 3,500 803 3,253 9,796 9,796 7,556 Analysed between Charitable activities 9,796 9,796 7,556 10 Auditofs remuneratlon Fees payable to the charty's auditor and associates". 2025 2024 For audit services Audil of the financial statements of the charity 5.110 3,500 For other services All other non-audit services 1,168 800 11 Employees The average monthly number of employees during the year was: 2025 Number 2024 Number Management and administration Support workers 50 52 Total 55 57 Employment costs 2025 2024 Wages and 88laries Social security costs Other pension costs 954,632 72,034 20,601 895.998 67.555 19,429 1,047,267 982,982 The totsl remuneration for key management personnel was £41,169 (2024: £46,793), which is included within the employment Costs analysed above. There were no employees whose annual remuneration was more than £60,000. 18-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Trustees None of the trustees (or any peisons connected with them) received any remuneration, benefits or reimbursement of expenses from the charity during the cuent or preceding year. 13 Taxation The charity is exempt from taxation on its activities because all tts income is applied for charitable purposes. 14 Tanglble fixed assets Fixture$. fftilng$ and •quipmont Cost At 1 April 2024 Additions 30,945 1,033 At 31 March 2025 31,978 Depreciatlon and impairment At 1 April 2024 Depreciation charged in the year 21,145 2,510 At 31 March 2025 23,655 Carrying amount At 31 March 2025 8,323 At 31 March 2024 9,801 15 Debtors 202S 2024 Amounts falllng due wlthln one year: Trade debtors Prepayments and accrued income 183,137 4,294 42,516 4,631 187,431 47,147 16 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Accruals and deferred income 18,157 43,546 16.914 21.255 61,703 38,169 19-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Retlrement beneflt schemes 2025 2024 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 20,601 19,429 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 18 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2024 Incoming resources Resources At 31 March expended 2025 Digitsl grant from NHS 4,800 (4,800) 19 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are nol subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 Aprll 2024 Incomlng resources Resources At 31 March expendgd 2026 General funds 171.078 1,199,989 {1,156,990) 214,077 Previous year: At 1 Aprll 2023 Incoming resourcos Resources At 31 March expended 2024 General funds 211,975 1.077,211 11,118,108) 171,078 20 Related party transaction5 There were no disclosable related party transactions during the year (2024 - none). 21 Operatlng lease commllments At the reporting end date the charity had outstanding commitments for future minimum lease payments under nOn-CanlIable operating leases, which fall due as follows: 2025 2024 -20-
CASTLE SUPPORTED LIVING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Operating lease commitments (Contlnued} thin one year Between two and five years 13,480 2,245 9,500 11,875 15,725 21,375 22 Cash absorbed by operatlons 2025 2024 Surplusl(deficit) for the year 42,999 {40,897) Adjustments for: Investment income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets {3,853) 2,510 (2,467) 3,267 Movements In rkIng ¢apital: {Increase) in debtors Increase in creditors (140,283) 23,534 (26,997) 14,982 Cash absorbed by operatlon8 (75,093) 152,112) 23 Analysls of changes In net funds The charity had no material debt during the year. 21