REGISTERED COMPANY NUMBER: 02971171 (England and Wales) REGISTERED CHARITY NUMBER: 1046225 REPORT OFTHE TRUSTEES GROUP STRATEGIC REPORT AND AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR BETHPHAGE D.R.E. & CO (Audit) Lifniled 7 Lower Brook Street Oswestry Shropshire SY11 2HG **BETHPHAGE** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ||**Page**| |---|---| |**Reference and Administrative Details**|1| |**Strategic Report**|2 to 5| |**Report of the Trustees**|6 to 18| |**Report of the Independent Auditors**|19 to 21| |**Consolidated Statement of Financial Activities**|22| |**Consolidated Balance Sheet**|23| |**Consolidated Cash Flow Statement**|24| |**Notes to the Consolidated Cash Flow Statement**|25| |**Notes to the Consolidated Financial Statements**|26 to 32| |**Charity Balance Sheet**|33| |**Charity Cash Flow Statement**|34| |**Notes to the Charity Cash Flow Statement**|35| |**Notes to the Charity Financial Statements**|36 to 43| BETHPHAGE REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES DLUM I Z Sobolewska A C Aslon (resigned 1.7.24) A P Bloor (appointed 22.8.241 {resigned 7.10.251 R M Houghlon (resigned 20.05.25} A H Krauss (Tesigned 12.7.24) P Morris (appointed 14.10.251 M Sueld (appointed 19.5.25} COMPANY SECRETARY S Wheeler REGISTERED OFFICE 8 Longbow Close Harlescott Lane Shrewsbury Shropshire SY13GZ REGISTERED COMPANY NUMBER 02971171 {England and Wales) REGISTERED CHARITY NUMBER 1046225 AUDITORS D.R.E. & CO {Audit} Limited 7 Lower Brook Street Oswestry Shropshire SY112HG SOLICITORS Trowers and Hamlin LLP 3 Bunhull Row, London, EC1Y 8YZ Aaron & Parlners Lakeside House, Oxon Business Park Shrewsbury, SY3 5HJ BANKERS The Co-operative Bank plc 1 Balloon Street, Manchester, M4 4BE CAF Bank Ltd 25 Kings Hill Avenue West Malling. ME19 EXECUTIVE MANAGEMENT TEAM Helen Nickless, CEO Alice Blakeman. Service Development Manager Claire Flavell. Head of Operations Clare Shaw, Quality Manager Chris Stephens. Head of Finance and IT Stuart Wheeler, Head of Human Resources HONORARY PRESIDENT Donna Werner MEMBERS Mosaic Council of Lulheran Churches Page 1 BETHPHAGE STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 In this report references to Belhphage include Belhphage Property Limited, our new subsidiary company. 1. Business Overview: Our primary activities are to support people with disabilities to achieve their Potential through the direct provision of supported living services, registered care homes, community inclusion. and day opportunilies. The vasl majority ol our funding during the year came from statulory sources wilh Ihe lollowing local authorities commissioning services.. Birmingham City Council, Shropshire Council, Telford & Wrekin Council, and Walsall Council. Income comes in the form ol block grants, individual contracts, and Direct Paymenls. A small amount of income comes from private funding. We recognise the pressures that Ihese key stakeholders musl operale under and strive to make Ihe working relationships as cosl effeclive and eff icient as possible. With the increasing limitations of local authority funding, we are also now considering other voluntary granls, fund raising opportunities, and the role ol volunteers. The year was dominated by continuing financial pressure due to the lee increases that Commissioners provided being less Ihan the increases in cosl that providers faced. During the year the recruitment problems of recent years largely eased and Ihis enabled Bethphage to make further progress. The outlook for the coming year remains extremely uncertain for the sector given the increases in Employer's National Insurance, National Minimum Wage INMW} and consequent lurther increase in Pension contributions. Again, settlements imposed by Commissioners for the coming year fall short of the cost increases seen. 2. Strategy: The primary objective for Ihe coming year is to promote the principles and the six stralegic goals of the four-year strategic plan 'Crealing Suslainable Growth and Quality, which outlines the approaches we will follow over the four years of the plan to translate the mission, vision. core values, and slralegic goals of Ihe charily into posilive outcomes. The detailed delivery objectives lor 202512026 are aimed at continuing to position Bethphage to deal in Ihe most elfeclive way wilh the financial challenges Ihat the sector is facing. Those objeclives are focussed under six strategic headings: Acquisition and development ol a property (Blossom Barns) suitable for multi service model delivery Maintain a strategic relationship with commissioners Explorallon ol one new model of servlce dellvery Improve recrultment and retentlon of staff Continued development of the use of AT Continued development ol Bethphage's quality systems to reflect CQC'S Single Assessment Framework The availability of suitable high-quality accommodation remains a challenge and Bethphage continues to seek to invest further in suitable propety as the opportunity arises and financial resources permit. A key parl of this plan was lo purchase a property suited to the provision of Day Services with sufficient land and buildings for the development of supported living homes and to enable Bethphage lo develop and trial olher models ol support. In June 2024 Bethphage completed Ihe purchase ol a small farm property, now renamed Blossom Barns by the users of the service, with planning permission for the development ol two residential properties. Work has commenced to create a detailed developmeni plan lor the property which, subject to consultation and planning consents, is expected to be completed over a live to ten year period Page 2 BETHPHAGE STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 3. Business Performance: During the year continuing investment in organisation wide IT systems together with the associated training costs have begun to bear fruit. After these investment costs. the results for 2025 show a consolidated surplus of £309,140 12024= £580,003). The incorne Irom charilable activilies was £11,233.379 {2024'. £10,044,481), Investment income was £117.409 {2024= £70.7071. and total reserves were £4,048,75412024.' £3.739.6141. The underlying trading for the year was significantly aflected positively by improved staff retention and operalional efficiencies. As al 31 March 2025, we were delivering 9,114 (2024: 7,608) hours per week of support to 172 {2024: 162) people in Shropshire, Telford, Walsall, and Birmingham, 98 {2024.' 881 of whom live in our small care homes or their own home with us as the main support provider ('supported living'l whilst the other 74 {2024.' 74) attend our day opportunity seNices. The Shropshire Shared Lives scheme previous managed by Bethphage was taken back in house by Shropshire Council in February 2025. To achieve Ihe above service delivery Bethphage has over 250 FTE employees. all specially trained to provide the besi quality care possible. Costs for 2025-26 are increasing due lo the Employer's Nalional Insurance INI) increases in the Government's last budget. The employer Nl rate has gone up to 15 % but the biggest cosl increase comes from Ihe Nl threshold being reduced from £9.100 to £5.000. This effeclively means a £615 increase in Nl for anyone working more than 16 hours per week. This hits a seclor like Social Care. which has a high number of part time slaff, disproportionally hard. The NLW was also increased by 6.7 % which has a knock on effect on all pay rates. These combined increases have increased our wage bill by just under 12°/. for frontline staff. Local Authority Settlements for 25-26 averaged 40/. but Shropshire Council did not apply any increase lo sleep in rates which gave us an effeclive increase of 3.50/0 on Iheir contracts. We continue to balance the competing priorities of= Gompelition with suslainability Price with quality Provider of choice wilh employer of choice. 4. Principal Risks and Uncertainties: The principal risks and uncertainlies faced by Beihphage are - Insuff icient Government funding lor Local Authorities leading to inadequate fee settlements. National Living Wage and other employee cost increases exceeding fee settlements from Local Authorities. Recruitment and retention of staff due to low pay we are able lo offer in relation to sectors such as hospitality and relail. Effect on recruitment of restrictions placed on Ihe availability of overseas staff by Government. The inlroduction of a Fair Pay Agreement withoui proper funding from Government. In mitigation of these risks Bethphage continue to lobby Local Authorities, MP'S, and Central Government for adequate funding ol the Social Care seclor. The Trustees have also conducted a review ol the major risks to which the Charity is exposed. The risk register is part of an established syslem and it is reviewed and updated by the EMT at least quarterly and any changes reported to the Board. The Board receive an updated risk register in advance ol each meeting and review it in more delail at leasl annually. Procedures are in place to ensure the health and safety ol the people we support. staff and visilors. Where appropriate, systems or procedures have been established lo manage the risks Ihe Charily faces, including ihose presented by a pandemic or major disaster. Cyber security conlinues to be an emerging risk as more systems are digitised. Bethphage has pul in place robust delences and training for staff on cyber security awareness. Page 3 BETHPHAGE STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 5. Governance and Stakeholder Engagement: The Trustee Board meets quarterly and is responsible for the strategic direction, financial viability, compliance, risk management, and governance of Bethphage. Senior managers including the Chief Executive Officer (CEO) and EMT also attend for the majority of most meetings, but do nol have voting rights. A scheme of delegation is in place and day to day responsibility lor the provision of services rests with Ihe CEO along wilh the EMT comprising Heads of Operations, Finance and Human Resources (HRI and the Service Development and Quality Managers all of whom attend Board meetings. The Trustees have adopted the Charity Commission Governance Code and used it to review their performance. We recognise the importance of strategic and operational partnerships in the communities in which we operate. We have played an active role in relevanl local provider forums across Shropshire, Telford, and the West Midlands and in contributing to national initiatives. The people who use our services are our mosl important slakeholder and this is reflected in a range of initiatives across the organisalion including: Positive Behaviour Support Person Centred Approaches Surveys of the people who use our seNices, families, staff and managers Annual quality audils to review the seNices we provide and ensure they continue to deliver good outcomes for Ihe people we support Management visits and reviews to check and monitor service delivery on a monthly basis Investment in staff development to support staff through areas ol difficulty and to develop them into Ihe best support workers they can be. Employees have been consulted on issues of concern to Ihem by means of regular consullative committee and slaff meetings and have been kepl informed on specific matters directly by management. We endeavour to carry out exil interviews for all staff leaving the organisalion and have adopied a procedure of upward feedback lor senior management and Ihe Trustees. In accordance with the Charity's equal opportunities policy, the Charity has long-established fair employment practices in the recruitment, selection. retention and training of disabled staff. 6. Environmental and Social Impact: Bethphage is conscious of its impact on the environment and in particular its energy consumption in the process of delivering services. Work is ongoing lo examine the organisation's carbon footprint and to develop stralegies to reduce Belhphage's environmental impact. The reduclion in lace to lace meetings and the installation of solar panels on the roof of the head office building, together wilh waste reduction and recycling. are tangible outcomes from Ihe firsi phase ol Ihis work. As Belhphage has more than 250 staff we must complete the Energy Savings Opporlunities Scheme assessmenl every four years, which will focus on our energy {heat and lightl usage and also fuel for vehicles we own and mileage we pay our staff lor business travel in their own vehicles. The ESO scheme submission liled in the second quarter of 24-25 and identified various potential savings to reduce our environmental impact, which we will explore once the report is received. Reducing energy use is gaining momentum, supported by awareness training and ensuring we support those who use our seNices to increase their environmental awareness, is part of how we support people today. Our Green plan sets out our strategy towards reducing our environmental impact and advises staff on ways they can support the organisation to achieve this. We are committed to creating local employment opportunities. We use locally targeled job adverts on platforms like Indeed and Facebook. We collaborate with Job Centres, attend local job fairs, and create our own career drop in events. We have relationships with local schools and colleges, supporting young people with employment skills. This has also led to work placements al our day opportunities. Page 4 BETHPHAGE STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 As a local charity we have choice over our suppliers and operate a list of local preferred suppliers. Our Green Plan tells staff to buy locally. supporting the local economy by choosing suppliers as close as possible and encourage the people being supported to do the same. We promote better health outcomes, healthy eating and active lifestyles for people we support. We run ongoing Mental heallh awareness campaigns and provide stafl with free, conlidential counselling. We offer Mental Health Firsl Alder training across various roles, with 14 qualified Mental Health First Aiders currently, including service managers The development of Bethphage's strategic plan is underlaken with the consultation of the local community and Ihe people who might use the services and their families. Regular feedback is encouraged and welcomed. 7. Outlook: Bethphage recognises that enormous strain is been placed on our Commissioners, linances, and that they will continue to seek to make savings and improve eff iciencies going forward. Bethphage's locus has been lo improve the eff ieiency of ils IT syslems. and therefore lower the cosl. of service delivery. The plan also involved working construclively with Commissioners lo develop where appropriate, new models of service and Assistive Technology (AT) which may reduce overall costs and empower service users, but without sacrificing quality or safety. As far as is currently possible. AT is being adopted across the organisation lo enable Ihe people we support lo utilise technology. which increases Iheir independence and reduces Ihe need for face to face support. Bethphage has invesled in an AT post which provides a support function lor Ihe managers and the people we support, carrying out assessments lo identify suitable technology on a person cenlred basis. Bethphage will continue to develop Blossotn Barns and look to add lo its portfolio ol supported living properties as opportunities arise. This approach will decrease the reliance on Local Authority commissioning decisions and provide an addilional revenue slream for Bethphage. There is no doubl thal Ihe funding position lor Social Care will remain challenging for a number of years which will cause difficulties lor providers. This could also give rise to opportunities as some providers choose, or are forced, to exit local markels. Recruitmenl will become an increasing challenge as Government policy reduces the pool of available labour. We will continue to invest in our employees to remain an employer of choice lor exisling employees and new joiners. Slrategic report, approved by order of the board of trustees. as the company directors, on 14 October 2025 and signed on the board's behalf by.. D Lum - Trustee Page 5 BETHPHAGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with the audited financial statements of Bethphage for the year 1 April 2024 to 31 March 2025. During the year two of our day seNice contracts were novated to a newly formed trading wholly owned subsidiary, Belhphage Property Limited. The day service provides structured activities, social engagement, and therapeutic support in a safe and inclusive environment. Profits generated by the subsidiary are donated to the Charity under Gift Aid lo support group's wider charilable objectives. The Annual Report serves the purposes of both a Truslees, report and a directors, report for the consolidated Bethphage group under company law. References to Bethphage inclLJde Belhphage Property Limiled. The Trustees confirm that the annual reporl and financial statements of the charitable company comply with the Current slatutory requirements, Ihe requirements ol Ihe Charilable company's governing document and the provisions of the Slatemenl of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the second edition Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) (effective 1 January 20191. Introduction The year was dominated by conlinuing financial pressure due to Ihe fee increases Ihal Commissioners provided being less than the increases in cost Ihat providers faced. During ihe year the recruilment problems ol recent years largely eased and Ihis enabled Bethphage lo make further progress. The outlook for the coming year remains exlremely uncertain for Ihe $￿tOr given the increases in Employer's National Insurance, National Minimum Wage INMW} and consequent further increase in Pension contributions. Again, settlements imposed by Commissioners for the coming year fall short of the cost increases seen. The Board do recognise how vital our staff are in delivering our services. Again. this year has been exceptional and so have our stafl. Their crealive energy, oplimism, ability lo adapt to rapidly changing new and highly challenging situations, and their selflessness has been inspirational. As Ihe Board has said for Ihe previous four years, our hope is that our country ultimately recognises the importance and value that society places on social care services and that this is reflecled in the rewards Ihal dedicated and skilled staff in Ihe seclor receive. Belhphage will continue lo strive to invest in the training of its staff, which is vilal to ensuring the delivery of high quality services. and the development ol individual's careers. The Board would also like to thank the people we support, their families and our local authorily partners for their support. cooperation and help during the year. Page 6 BETHPHAGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTIVITIES a. Policies and objectives Our Vision is of inclusive communities where all people have the opportunity to live the life they choose. Our Mission is to be an excellent provider of services for people with disabililies. Our Values: We seek to deliver services based on four core values. These core values really shape how we work and make a positive difference to the qualty of life for Ihe people we support: PorsorMI Growth Actlve Involvement Hon&sty R•sp•cl way. respcmbdty 8ThJ "Support staff working with my son are brilliant. "Staff understand and know my likes and dislikes "I am happy and feel safe around my staff "My relative's week is filled with activities" "I can contact the Service Manager or Team Leader at any time. "Staff are not quick to judge but always willing to listen and help. "I take my medications regularly now - I didn t when I lived on my own "Good communication from the management team Peo le Beth ha esu orts and their Families: Surve 2024 Page 7 BETHPHAGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 At our AGM in October 2024 the Board was delighted lo re-appoint Donna Werner as Honorary Presidenl of Bethphage for another one-year term. Donna brings a wealth of experience to Bethphage and is a valuable sounding board for both the Board and Executive Management Team IEMT). During the year Bethphage continued to implement its Strategic Plan for 2024 - 2028 entitled 'Creating Sustainable Growth and Quality.. A key part of this plan was to purchase a property suited to the provision of Day Services with suff icient land and buildings for Ihe development ol supported living homes and to enable Bethphage to develop and trial other models of support. In June 2024 Bethphage compleled Ihe purchase of a small farm property. now renamed Blossom Barns by the users of the service. with planning permission for the development of Iwo residential properties. Work has commenced to create a detailed development plan for the property which, subject to consultation and planning consents. is expected lo be compleled over a five to ten year period. The development of this plan is being undertaken with the consultation of the local community and the people who might use the seNices and their families. The first stage of the plan was to complete the move of a day service from a nearby rented farm and this was successfully completed on 1 November 2024. That service has continued to operate successfully and is focussing on other opportunities that can be offered to the people we support. This is an exciting development for Bethphage and will provide furlher opportunities to grow the range of services thal we offer. "l just wanted to say what a lovely service both of those houses are. You can really see the family feeling in both houses and the way the staff care for the 6 of them was really positive to see. To confirm that following the review of [Name] and the current support in place working extremely well. There are no plans from my perspective to look at moving her on, she is settled and being well cared for in her home with the correct equipment in place.. Social Worker: Feedback - 2024 Bethphage recognises Ihat enormous strain has been placed on our Commissioners. finances in recent years, and Ihat they will continue to seek to make savings and improve efficiencies going forward. Belhphage's locus under the previous strategic plan has been to improve Ihe efficiency of its IT systems, and therefore lower the cosl. ol service delivery. The plan also involved working constructively with Commissioners to develop where appropriate, new models of seNice and Assistive Technology (AT) which may reduce overall costs and empower service users, but without sacrificing quality or safety. As far as is currently possible, AT is being adopted across the organisalion to enable the people we supporl to utilise technology, which increases their independence and reduces the need for face to face support. Belhphage has invested in an AT post which provides a supporl function for the managers and the people we support, carrying out assessments to identity suitable technology on a person centred basis. Page 8 BETHPHAGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 In setting objectives and planning for the activities of Bethphage, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity IPB21'. b. Strategies and activities for achieving objectives Our primary aclivilies are to support people with disabililies lo achieve Iheir potential through the direct provision of supported living services. registered care homes, communily inclusion, and day opportunities. As al 31 March 2025, we were delivering 9,11412024.. 7,608) hours per week of support 10 17212024.. 1621 people in Shropshire, Telford, Walsall. and Birmingham, 9812024.. 881 of whom live in our small care homes or their own home with us as the main support provider I'supported living'} whilst Ihe olher 74 12024.. 741 attend our day opportunity services. The Shropshire Shared Lives scheme previous managed by Belhphage was taken back in house by Shropshire Council in February 2025. Bethphage's 2024 - 2028 strategic plan entitled 'Creating Sustainable Growth and Quality, sets out the Charity's Key Strategies and Activities, and our Aims and Objectives detailed below. c. Public Benefit We are confident our objectives and aclivilies are beneficial to the people we support as well as being of benefit to Ihe public in general. Our vision is of inclusive communilies where all people have Ihe opportunity io live Ihe life they choose. We achieve this through our direct seNice delivery and through our support and contributions to the developmenl of disability services in the UK. We promote the integration of people with learning disabilities into universal community services such as having equal access to health care, education, employmenl, sport, and leisure activities. Health care assistants from the Learning Disability Team complimented a service saying staff are friendlyi people appear well supported and staff are positive towards people, resperting their wishes. Commissioner Learnin Disabili Team: Residential care - 2024 d. Service Quality A fundamental part of Bethphage's approach is lo conlinually strive lo improve the quality of the services which we deliver and lo achieve better outcomes for the people we support Iwho are some of Ihe most vulnerable in sociely}. Although no stalutory Care Qualily Commission ICQC) inspections took place in the year, both of our Regislered Homes and three other registered locations from where we operate community support provision are subjecl to CQC inspeclions. All of our registered locations are rated as 'Good' across all domains. Additionally. Bethphage has a long established internal quality audit system in place lor all provision. Page 9 BETHPHAGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Each service is assessed againsta range ol quality and performance measures by the Bethphage Quality Manager and areas of improvement identified and reported on to the area manager, service manager and staff, the EMT and the Board. During the year the quality audils have comprised face to face meetings with managers, visits to the properties of the people we support. desktop reviews of reporting and systems, and surveys ol the people we support, their families, and staff. Added to this, regular reporting Irom the Positive Behaviour Support Team and close monitoring ol compliments and investigation of complaints. concerns and suggestions, has provided Belhphage with addilional layers of performance monitoring. CQCS inlernal change to a new framework has been challenging, adding more pressure onto an already burdened sector. Internally we have invested lime and energy with all of Ihe regislered managers and senior leam to develop our understanding, knowledge and practical application when we are inspected. The CQCS replacement portal has also not gone well and has been heavily criticised across the sector as their anticipated launch has been poor at best, the CQC have acknowledged the issues and apologised to the sector and are working to remedy it. However. it has not been a good example for the Regulator to set to the sector. "The [staff] team are doing a great job and are amazing in supporting [Name]- [Name] is happy and this is because of the way the team talk to her and they manage her anxieties well. Social Worker.. Su orted Livin 2024 Ongoing relevant and focussed slaff training and development is a key part of ensuring thal we have the resources available to deliver high quality services and to recognise when change or irnprovement is required. The majority of training is online. but with essential training occurring face lo face. Our investment in Positive Behaviour Supwrt (PBS) supports people with the ongoing management of behaviours of concern, lor which medication would have been historically prescribed. The principles of STOMP I'stopping over medication of people with a learning disability and aulistic people'l which was an NHS initiative that we embraced when il was launched, are utilised and the moniloring of medical reviews have been incorporated inlo Belhphage's organisation wide Care Managemenl IT syslem, which provides much greater visibility on medicalion reviews and the use of psycholropic medication. The Quality Manager reports quarterly io the EMT and the Board and provides progress updates on how the use of medicalion affects the wellbeing of the people we support. The Board are pleased to report further progress in the year. Bethphage's Health Improvement Lead plays a vilal role guiding staff on medication protocols, infection control, in addition to the normal responsibilities of supervising medication procedures, and improving the health and well-being of the people we support. A Clinical Nurse Specialist complimented a team on their person centered approach towards a person using Bethphage support. She said "the staff team are professional and accommodating and that the communication is transparent. They art upon requests and are a credit to Bethphage. Clinical Nurse S ecialist: Com liments - 2025 Page 10 BETHPHAGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 e. Volunteers Bethphage's greatest asset is its people. The Trustees, who are themselves volunteers, would like to thank the staff and volunteers for their continuous efforts to ensure that we deliver consistently high- quality, person-centred services in these very challenging times. In recent years, Bethphage has enjoyed Ihe benefil of a steadily increasing number of volunteers, especially in the day opportunity services. Bethphage utilises the time and enthusiasm conlributed by volunteers to add value and opporlunity to Ihe users of our services and not as a replacement for core funded slaff. The Trustees wish to record their apprecialion of Bethphage's volunteer supporlers and the benefits they bring to the experiences of people using Belhphage services and to the success of the Charity- Bethphage Friends, a group established to increase engagemenl with our supporters and volunleers. continues to grow. The Trustees would also like to thank our donors and grant funders for Iheir generous contributions which enable Bethphage to provide enhan￿rnentS to seNices and facilities for users of its services. t. Sustainability In keeping with many other organisalions Bethphage is conscious of its impacl on the environmenl and in particular ils energy consumption in the process ol delivering services. Work is ongoing to examine Ihe organisation's carbon looiprint and lo develop slrategies to reduce Bethphage's environmental impact. The reduction in lace to face meetings and the installalion of solar panels on the rool of the head office building, together wilh waste reduction and recycling. are tangible outcomes Irom the first phase of this work. As 8ethphage has more than 250 staff we musl complete Ihe Energy Savings Opportunities Scheme assessmenl every four years, which will focus on our energy {heat and lighl) usage and also fuel for vehicles we own and mileage we pay our staff for business travel in their own vehicles. The ESO scheme submission filed in the second quarter of 24-25 and idenlified various potential savings to reduce our environmental impact, which we will explore once the report is received. Reducing energy use is gaining momentum, supported by awareness training and ensuring we support those who use our services to increase Iheir environmenld awareness. is part ol how we support people today. Achievements and performance a. Achlevements and Performance In 2024125, we retained our existing contracts, other Ihan Shared Lives, consolidating and maintaining our curreni provision. Our three day opporlunity locations, where we provide meaningful. person-cenlred day opportunities for adults with learning disabilities, conlinue to enable large numbers of people wilh a learning disability to access and benefit from Bethphage services and is consistent with our approach of enabling people to live the life they choose. A fire officer visited a service and said he would like his relative to live in a place like this - he said the care and support being provided was really good. Fire Officer: Su orted livin residential care - 2024 b. Fundraising Bethphage is registered with the Fundraising Regulator and complies with the Code ol Fundraising Practice. Community lundraising generally lakes place face to face with Ihe public at evenls and Bethphage open days etc. through donations via Ihe Bethphage and Just Giving websites, and Irom applicalions to IrLJsts, foundations, and corporate partners. Third party organisations are not used to lundraise on behalf of Bethphage. Page11 BETHPHAGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Fundraising and the approach lo be used requires approval of the EMT prior to commencing. The fundraising approach is monitored and funds are applied only to the purpose lor which they were raised. Fundraising activities involving vulnerable people are restricted to small sums for subscriptions and similar items which represent fair value to them as individuals for the activity concerned. c. Future Plans and Investment The primary objective lor Ihe coming year is to promote the principles and the six slralegic goals of the four-year strategic plan 'Creating Sustainable Growth and Quality, which outlines the approaches we will follow over the four years of the plan to translate the mission, vision. core values, and strategic goals of the charity into positive outcomes. The detailed delivery objectives for 202512026 are aimed at continuing to position Bethphage to deal in the most effective way with the financial challenges that the sector is facing. Those objectives are focussed under six strategic headings.. Acquisilion and development of a property (Blossom Barns) suilable for multi service model dellvery Mainlain a stralegic relalionship wilh commissioners Exploratlon of one new model of servlce dellvery Improve recruitment and retenlion ol stsff Continued development of the use of AT Continued development of Bethphage's quality systems to reflect CQC'S Single Assessment Framework The availability of suitable high-quality accommodalion remains a challenge and Belhphage continues to seek lo invesl further in suitable property as the opportunity arises and linancial resources permit. She [Area Manager] has worked tirelessly with (PERSON'S NAME) to meet his fluctuating needs and has advocated for him relentlessly. She is incredibly professional, patient understanding and is a real credit to your organisation. She is very knowledgeable. always responsive and it's a pleasure to have such a good working relationship with her. Social Worker: Su orted livin residential care - 2024 Financial review . Overview Costs for 2025-26 are increasing due to the Employer's Nalional Insurance (Nll increases in the Governmenl's last budget. The employer Nl rale has gone up lo 150/. bul the biggesl cost increase comes from the Nl threshold being reduced from £9,100 to £5.000. This effeclively means a £615 increase in Nl for anyone working more than 16 hours per week. This hils a seclor like Social Care, which has a high number of part lime stafl, disproportionally hard. The NLW was also increased by 6.7Q/o which has a knock on effect on all our pay rates. These combined increases have increased our wage bill by just under 12 % for frontline staff. Local Authority Settlements for 25-26 averaged 4 % but Shropshire Council did not apply any increase to sleep in rates which gave us an effective inGrease of 3.5°/o on their contraGIs. Page 12 BETHPHAGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 We continue to balance the competing priorities of: Competition with sustainability Price wilh quality Provider of choice with employer of choice. During the year continuing inveslmenl in organisalion wide IT systems togelher with the associaled training costs have begun to bear fruit. After these investment costs, the resulls for 2025 show a surplus of £309.140 {2024'. £580,003). The underlying trading for the year was very significantly aflecled by improved staff relention and operational efficiencies. The Trustees are particularly thankful for the efforts of the senior management of Bethphage who provided continued efforts to enable the Charity to focus on responding to the financial pressures and recruitment challenges in the firsl half of the year. b. Golng Concern After making appropriate enquiries. the Truslees have a reasonable expeclation thal Bethphage has adequate resources lo conlinue in operational exislence for Ihe foreseeable future. For this reason, Ihey conlinue to adopt the going concern basis in preparing the financial slalemenls. c. Reserves Policy The Trustees have considered the operational environment and the opportunities and threats to the organisation in terms of development, contractual variations, tendering processes, and competitor activity. The Truslees, Reserves Policy balances levels of risk, the liabilities of the Charity, and our ability lo invesl in new service development. At Ihe year-end we held Iree reserves 01 £2,523,725 {2024= £2,213,267) applied for the Purposes of day to day working capilal. which is sufticienl working capilal for our needs taking into consideration the payment terms of our contracls and foreseeable risks. Given the uncertainty, the Trustees consider that their prudent approach to the holding ol free reserves to be appropriate for the scale of the risks encountered. d. Principal funding sources The vast rnajorty of our funding during the year came from statulory sources with the following local authorities commissioning services.. Birmingham City Council, Shropshire Council, Telford & Wrekin Council. and Walsall Council. Income comes in the form of block granls, individual contracls. and Direct Payments. A small amount ol income comes from privale funding. We recognise Ihe pressures Ihatlhese key stakeholders must operale under and strive to make Ihe working relalionships as cost effeclive and elficient as possible. With the increasing limitations of local authority funding, we are also now considering other voluntary grants, fund raising opportunities. and the role of volunteers. Page 13 BETHPHAGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 e. Investment Policy Having regard to the requirement to maintain sufficient reseNes and cash balances to cover potential variations in cash flow, surplus cash balances are placed on deposit with our bankers. As part of the 2024- 2028 Strategic Plan. the Trustees have invested in a Property suitable lor the development of a multi service site and the Trustees intend lo invest further in Ihe ownership of residenlial property relevant lo Ihe charity's activities, as financial resources permit. Belhphage's investment in property combines the purpose of achieving a return on our reserves whilsl investing in high quality, well maintained properties which caler lor the needs of the people that we supporl. A key principle of our investment in residential property is that the lenants should be able to choose who provides their support services, irrespeclive of who ultimately owns the property- The need to ensure adequale working capital for operations and growth logelher with the desire to generale relurns from positive cash balances, whilsl minimising risk to capital, is kept under review. Structure. governance and management a. Constitution Bethphage is a charitable company limited by guaranlee, incorporaled on 26 Sepiember 1994, and registered as a charity on 4 May 1995. In the event of the company being wound up, members are required to conlribute an amount not exceeding £1. b. Recruilment and appoinlment of Trustees New Truslees are recruited through open processes (e.g. advertisements) or by invitation. Applicants are required to meel the people we support, staff and Trustees and demonstrate how their molivation, skills, and experience match the culture, needs and practice of the charity. Under the requirements of the Mernorandum and Articles of Association one third of the members of the Board (Trustees) retire and may offer themselves lor re-election at each AGM. In appointing Truslees Bethphage maintains a mix of skills on the Board, including financial, legal, human resources, slrategic, marketing and health and social care rnanagemenl. As we continue lo grow or diversify, the Board will review. al least bi-annually. its skills mix and seek additional Trustees when it idenlifies gaps. We are continue to seek to recruit an additional Trustee with a legal or accountancy background. Whilst appointment on merit is our primary Concern. we are also keen lo ensure we are representative of the communities in which we operate. Our gender balance is satisfactory, and whilst under representative ol younger people and people from black, Asian and minority elhnic communities. it is largely representalive of users ol setvices. bul nol our current workforce. c. Induction and training of Trustees New Trustees are provided with a tour of our services, in order lo understand more lully the operations ol the organisation. They are also invited and encouraged lo attend a series of short inlroductory sessions with the Chair. other Trustees and senior managers to familiarise themselves wilh Ihe Charily and the context within which we operale. In addition, various Charity Commission publications including the Commission's guide 'the Essenlial Trustee, are distributed lo all new Trustees. Trustees also receive training from external charity specialists. The Board also receives regular presentations and training by Belhphage managers and other experts in the sector, for example- Positive Behaviour SeNices, Safeguarding, Data Security. d. Pay policy for senior slaff The pay of the EMT is reviewed annually and normally increased in accordance with average earnings. Page 14 BETHPHAGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 . Decision making The Trustee Board meets quarterly and is responsible for the strategic direction, financial viability, compliance, risk management, and governance of Bethphage. Senior managers including the Chief Executive Officer (CEO) and EMT also attend for the majority of most meetings. but do not have voting rights. A scheme of delegalion is in place and day to day resF)onsibility for the provision of services rests with the CEO along wilh the EMT comprising Heads of Operations, Finance and Human Resources IHRI and the Service Development and Quality Managers all of whom attend Board meetings. The Truslees have adopted the Charity Commission Governance Code and used il to review their performance. Irena Sobolewska and Derek Lum have setved as Trustees since 2001 and 2002 respectively. Whilst the Board are very aware of the need to ensure that it does renew itself over time. and takes steps to do so, it is also cognisant of the need to ensure that appropriately skilled people are both available and willing to serve as Trustees. As each long serving Trustee retires by rotation, the Board considers whether it is in the interests of Bethphage to invite them to offer themselves for re- election to the Board. The Board would not hesitate to recommend to the members that a Truslee should not be reappointed if il believed thal reappointment was nol in the interests of Bethphage. The current composilion ol Ihe Board provides a good blend of conlinuity, freshness, enlhusiasm and energy. t. Rlsk managemenl The Trustees have conducted a review of the major risks lo which the Charity is exposed. The risk regisler is part of an eslablished system and it is reviewed and updated by the EMT at least quarterly and any changes reported lo the Board. The Board receive an updated risk register in advance of each meeting and review it in more detail at least annually. Internal control risks are minimised by the implementation ol procedures for authorisation of all transactions and projects. Procedures are in place to ensure the heallh and salety of Ihe people we support, slaff and visitors. Where appropriate, syslems or procedures have been established to manage the risks Ihe Charity faces, including those presented by a pandemic or major disaster. The major risks lo the organisation al the end of the year are= Financial pressures on our Commissioners Additional cost increases to comply with Nalional Minimum Wage regulations and the uncertainly regarding lulure funding by Commissioners The limilalion ol resources available to the local authorities who fund our work The challenge of maintaining a suff iciency of high-quality staff Recruitrnent, and subsequent training costs The risk of losing key personnel Economic pressure g. Remuneratlon equalily The Equality Acl 2010 (Gender Pay Gap Informalionl Regulations 2017 came inlo force on 6 April 2017. These regulations require employers with 250 or more employees to publish statutory calculations every year showing how large the pay gap is between their male and female employees. The requirement applies to Bethphage. The figures must be calculated using a specific reference date each year, called the 'snapshol date,. The snapshot date is 5 April for businesses and charities and the data must be published within a year of the snapshot date. Bethphage published its first gender pay gap report on 4 April 2018 and its latest report on 21 February 2025. The regulations require employers to calculate specified information and publish the informalion on the employer's website and on a designated government website al www.gov.uklgenderpaygap. Page 15 BETHPHAGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Gender Pay Gap differs from equal pay: Equal Pay - Bethphage pays the same rates to men and women who carry out the same jobs in accordance with the law. The gender pay gap shows the differences in average pay for men and women. A number of factors influence this including seniority and the number of hours worked. The Gender Pay Results for 5 April 2024: Based upon Ihe snapshol date, Belhphage does not have a gender pay gap. Our female and male colleagues were paid the same on the snapshot date. Plans lor fulure periods Partnerships, key alliances and regulalory bodies Bethphage is a registered provider with the CQC. The CQC is the regulator for the social care sector and requires support providers to ensure that social care services are delivered against benchmarked standards in line with the Comrnissions. fundamental standards. We recognise the imporlance of strategic and operational partnerships in the communilies in which we operale. We have played an active role in relevant local provider lorums across Shropshire, Telford, and Ihe Wesl Midlands and in conlribuling io national iniliatives. The people who use our services are our mosl important slakeholder and this is reflected in a range of initiatives across the organisalion including: Positive Behaviour Support Person Centred Approaches Surveys of the people who use our services, families. staff and managers Annual quality audils to review the services we provide and ensure they continue to deliver good outcomes for Ihe people we supporl Managernenl visits and reviews to check and monilor service delivery on a monlhly basis Investment in slaff development lo support staff Ihrough areas ol difficulty and to develop them into the best support workers they can be. During the year Bethphage continued to bring more focus to the developmenl ot ils Social Values plan. The four main areas of focus are.. Jobsllocal skills and employment We are committed to creating local employment opportunities. We use locally targeted job adverts on platforms like Indeed and Facebook. We collaborate with Job Centres, attend local job fairs, and create our own career drop in events. We have relationships with local schools and colleges, supporting young people wilh employment skills. This has also led to work placements at OUT day opportunities. Growth- support growth of responsible regional business As a local charily we have choice over our suppliers and operate a lisl of local preferred suppliers. Our Green Plan lells staff lo buy locally, supporting the local economy by choosing suppliers as close as possible and encourage the people being supported to do the same. Social - Healthier, safer and more resilient communities We promote better health outcomes. healthy eating and active lifestyles for people we support. We run ongoing mental health awareness campaigns and provide slaff wilh free. confidential counselling. We offer Mental Heallh First Alder Iraining across various roles. with 14 qualified Mental Heallh Firsl Aiders currently, including service managers. Our PBS Team supporis staff wilh ongoing guidance and posl- incidenl debriefs. A dedicated wellbeing lead, part of our Health. Safety and Wellbeing Forum, drives initiatives like wellbeing walks. We also support Mind's Mental Heallh Commitments, aligning with six besl-practice workplace standards. Page 16 BETHPHAGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Environmental Our Green plan sets out our slralegy towards reducing our environmental impact and advises staff on ways they can support the organisation to achieve this. Membership We are fortunate to have two organisational Tnembers- Mosaic and the Council of Lutheran Churches. Mosaic, the founder member, has played a crucial role in our development. As a leading service provider in the field of disabililies in the USA, Mosaic has extensive experience and Tesources that we have been able to call upon. Member representalives attend Ihe AGM and somelimes conlribule in between meetings as required. We value the engagemenl of our two members and Ihank them for anolher year of valued contribution. The extent of the involvement and support of our two corporate members has enabled the Charity to attract and retain Trustees of a high calibre, professional expertise, and experience necessary to enable the organisation lo develop and grow successfully and consistently. Engagemenl wlth employees and employment of the dlsabled Employees have been consulted on issues of concern to them by means of regular consullative committee and slaff meetings and have been kept informed on specific matters directly by management. We endeavour to carry out exil interviews lor all staff leaving the organisalion and have adopied a procedure ol upward feedback for senior management and the Trustees. We have implemented and regularly review a number of detailed policies in relalion lo all aspects of personnel matters including: Equal opportunities policy Volunteers. policy Health & safety policy In accordance wilh the Charity's equal opportunities policy. the Charity has long-eslablished fair employment practices in the recruilment, seleclion. relention and Iraining of disabled staff. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is conlrolled by ils governing document, a deed of trust, and constitules a limited company, limited by guarantee, as defined by the Companies Act 2006. STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directors of Belhphage for the purposes ol company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Slandards {Uniled Kingdom Generally Accepted Accounling Practicel- Company law requires the trustees to prepare financial slatemenls for each financial year which give a Irue and fair view ol the slate of affairs of the charilable company and of the incoming resources and application ol resources, including the income and expenditure, of Ihe charitable company for Ihat period. In preparing those financial stalements, the trustees are required to selecl suitable accounting policies and then apply ihem consislently- observe the methods and principles in the Charity SORP., make judgements and estimales that are reasonable and prudent- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going concern basis unless it is inappropriate lo presume Ihat the charilable company will continue in business. Page 17 BETHPHAGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Irustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position ol the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as Ihe trustees are aware= there is no relevanl audil information of which the charitable company's auditors are unaware., and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of Ihat informalion. AUDITORS The auditors, D.R.E. & CO (Audit) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. Report of the trustees, approved by order of Ihe board of trustees. as the company directors, on 14 Oclober 2025 and signed on the board's behalf by= D Lum - Truslee Page 18 **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BETHPHAGE** ## **Opinion** We have audited the financial statements of Bethphage (the 'charitable company') and its subsidiaries (‘the group’) for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Consolidated Cash Flow Statement and notes to the consolidated financial statements, the Charity Balance Sheet, the Charity Cash Flow Statement, notes to the Charity statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - 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 resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company'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 concern are described in the relevant sections of this report. ## **Other information** The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements 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. ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: - the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and - The Strategic report and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 19 **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BETHPHAGE** ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the group and the charitable parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of trustees** As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes 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 internal control as the trustees 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 statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, 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. ## **Our responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, 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 if, individually or in the aggregate, they could reasonably be expected to influence 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 regulations; - 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 care and support 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, Charity SORP (FRS102), employment, environmental and health and safety legislation; - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and - identified laws and regulations were communicated within 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, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to their knowledge of actual, suspected and alleged fraud; and To address the risk of fraud through management bias and override of controls, we: Page 20 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BETHPHAGE performed analytical procedures to identify any unusual or unexpecled relationships,, tested journal entries to identify unusual transactions. investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: agreeing financial statement disclosures to underlying supporting documentation., reading the minules of meelings of those charged with governance. enquiring of management as to actual and potential litigation and claims; 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 limil Ihe audit procedures required to idenlify non-compliance with laws and regulations to enquiry of the directors and Other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from erior 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 www.fr¢.org.uklaudilorsresponsibililies. Thls description forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's members, as a body. in accordance with Chapter 3 of Parl 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the charitable company's members those malters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. D.R.E. & CO (Audit) Limited Eligible to acl as an audilor in terms of Section 1212 of the Companies Act 2006 7 Lower Brook Street Oswestry Shropshire SY112HG Date: 14 October 2025 Page 21 BETHPHAGE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unreslricted Restricted funds fund Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 13,567 14,559 28,126 Charitable aclivities Support services Investment income Other income 11.233.379 117,409 16,730 11,233,379 117,409 16,730 Tolal 11381085 14 559 11395 644 EXPENDITURE ON Raising funds 15,871 15,877 Charitable activities Supporl services 11.070.627 11.070 627 Total 11070 627 15 877 11086504 NET INCOMEI(EXPENDITURE> 310,458 (1.318) 309,140 Cash on commencement of group 3,663,267 76,347 3,739,614 Nel movement in funds 3.973,725 75,029 4,048,754 TOTAL FUNDS CARRIED FORWARD 3,973,725 75,029 4 048 754 The notes form part of these financial statements Page 22 BETHPHAGE CONSOLIDATED BALANCE SHEET 31 MARCH 2025 Unreslricted Restricted funds fund Total funds Notes FIXED ASSETS Tangible assets 2,384,547 2,384,547 CURRENT ASs￿s Debtors Cash al bank and in hand 12 2.175,911 3.224,103 2,175,911 3,299,132 75,029 5,400,014 75,029 5,475,043 CREDrroRS Amounts falling due within one year 13 (3.198,3581 (3,198,358) NET CURRENT ASSETS 2 201656 2 276 685 TOTAL ASSETS LESS CURRENT LIABILITIES 4,586,203 75,029 4,661,232 PROVISIONS FOR LIABILITIES 14 (612,478) (612,478) NET ASSETS 3,973,725 75,029 4,048.754 FUNDS Unrestricted funds Restricled funds 3,973,725 75,029 TOTAL FUNDS 4,048,754 The financial slatemenls were approved by the Board of Trustees and aulhorised for issue on 14 October 2025 and were signed on its behalf by= D Lum - Trustee The notes form part of these financial statements Page 23 BETHPHAGE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 Notes Cash flows from operating activities Cash generated from operations 1,371,920 Net cash provided by operating activities 1.371.920 Cash flows from invesling activities Purchase of tangible lixed assets Sale of tangible fixed assets Provision movemenl (1.248,811) 16,730 195,658 Net cash (used inllprovided by investing activities 1.036,423) Cash tlows from financing activities Cash on commencement of group 2,963,635 Net cash provided by financing activities 2.963,635 Change In cash and cash equlvalents In the reportlng perlod Cash and cash equivalents at the beginning ot the reporting period 3.299.132 Cash and cash equivalents at the end ol the reporting period 3.299.132 The notes form part of these financial statements Page 24 BETHPHAGE NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NET INCOME TO NEf CASH FLOW FROM OPERATING ACTIVITIES Net income for the reporting period {as per the Statement of Financial Activities) Adjustments lor: Deprecialion charges Profit on disposal of fixed assets Increase in debtors Increase in creditors 309,140 57,061 (16.730) (2.175.909) 3,198.358 Net cash provided by operations 1371,920 ANALYSIS OF CHANGES IN NEf FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank and in hand 3,299,132 3,299.132 3 299 132 Total 3 299 132 The notes form part of these financial statements Page 25 BETHPHAGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Charity Information The charity is a company limited by guarantee. The registered office and members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited lo £1 per member of the charity- Basis of preparing ihe linancial statements The financial stalements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charilies.. Statement ol Recommended Practice applicable lo charilies preparing their accounts in accordance wilh the Financial Reporling Slandard applicable in the UK and Republic ol Ireland IFRS 1021 (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value. The financial statements are for Ihe group as well as for the individual entity- The financial statements are presented in Sterling (£), rounded to Ihe nearesl £1. Basis of consolidation The consolidaled financial slatements incorporate those of Bethphage and its subsidiary li.e. enlities that Ihe group controls Ihrough ils power to govern the financial and operating policies so as to obtain economic benefits) on a line-by-line basis. All financial statemenls are made up to 31 March 2025. All intra-group iransactions and balances on transactions betsveen group companies are eliminated on consolidation. Income All income is recognised in the Statement of Financial Aclivities once Ihe group and charily has enlillemenl lo the funds. it is probable thatthe income will be received and the amounl can be measured reliably. Income Irom government and other grants. whether 'capital' grants or 'revenue' grants is recognised when the group and charity has entitlement to the funds, and performance conditions attached to Ihe grants have been mel, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the group and charity to that expenditure, it is probable that a transfer ol economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classilied under headings thal aggregale all cosl relaled to the category. Where cosls cannot be direclly attributed to particular headings they have been allocated to aclivilies on a basis consistent with the use of resources. Tangible fixed assets Tangible assets are stated at cost lor deemed cost) less accumulated depreciation and accumulated impairmenl losses. Cost includes the original purchase price, cosls direclly attributable to bringing the asset lo its working condition for its intended use, dismantling and resloralion costs and borrowing costs capitalised. Depreciation is provided at the following annual rates in order to wrile off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter- Freehold property Long leasehold Fixtures and fillings Motor vehicles 40 to 75 years straight line straight line over the life of the lease 3 10 10 years slraight line 3 10 10 years straight line The notes form part of these financial statements Page 26 BETHPHAGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMEKfs- continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- continued Land has been depreciated within the freehold property asset category as it is impracticable to split the cost of land from freehold propety. Assels relating lo conlracts are depreciated over the length of Ihe contracls where the asset belongs lo the contract and cannol be sold or disposed ol by Belhphage to realise any residual value. Taxalion Taxalion for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the exlent that il relates to items recognised in olher comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount ol lax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. The charity is exempt from corporation tax on its charitable activities Fund accounting General funds are unrestricted funds which are available for use at the discrelion of Ihe truslees in furtherance of the general objectives of the charity and which have nol been designated for other purposes. Designated funds comprise unrestricled funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set oul in the notes to the financial slatemenls. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and adminislering such funds are charged against Ihe specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Penslon costs and other posl-retirement beneflts The charilable company operates a delined contribution pension scheme. Contributions payable lo the charilable company's pension scheme are charged to the Stalemenl ol Financial Activities in the period to which they relate. The group and charity operates a defined benefits pension scheme. The scheme is a mulli-employer scheme where it is not possible. in the normal course of events, to identify on a consistent and reasonable basis, the share of underlying assets and liabilities belonging lo individual participating employers. Therefore, as required by paragraph 28.11 of FRS 102. the charity accounts lor this scheme as if it was a defined contribution scheme. The amount charged to the Statement of Financial Activities represents contributions payable lo the scheme in respect of Ihe accounting period. Flnanclal Inslruments The charity has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial inslrumenls. li} Financial assets Basic financial assels, including Irade and other debtors and cash and bank balances, are initially recognised al transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rale ol interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence ol impairment. If an asset is impaired the impairment loss is the difference belween the carrying amount and the present value of the estimated cash flows discounled at Ihe asset's original effective interest rate. The impairment loss is recognised in profil or loss. The notes form part of these financial statements Page 27 BETHPHAGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMEKfs- continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- continued Financial instruments If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed whal the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. Financial assets are derecognised when (a) the contractual righls to the cash flows from the assel expire or are setlled. or Ibl substantially all the risks and rewards of the ownership of the asset are transferred to another party. or Icl despite having retained some significant risks and rewards ol ownership. control of the asset has been transferred to another party who has the praclical ability lo unilaterally sell the asset to an unrelated third party without imposing additional reslrictions. lil) Financial liabilities Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless Ihe arrangemenl constitutes a financing transaction, where the debt inslrument is measured al the presenl value of Ihe ILrture receipts di%ounled at a market rate of interest. Debt inslruments are subsequently carried al amortised cost, using the effective interest rale method. Fees paid on the establishment of loan facililies are recognised as transaclion costs of the loan lo Ihe exlent that it is probable that some or all ol the facility will be drawn down. In Ihis ¢ase, the lee is deferred until the draw-down occurs. To the extent there is no evidence Ihal it is probable Ihat some or all of Ihe facility will be drawn down. the fee is capilalised as a pr&payment for liquidity seNices and amortised over the period of the lacilily to which it relates. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due wilhin one year or less. If not. they are presenled as non-currenl liabilities. Trade payables are recognised inilially at transaction price and subsequently measured at amortised cost using the effeclive interest method. Financial liabilities are derecognised when Ihe liability is extinguished. that is when Ihe conlractual obligation is discharged, cancelled or expires. DONATIONS AND LEGACIES Group Donations 28,126 INVESTMENT INCOME Group Investrnent income 117 409 The notes form part of these financial statements Page 28 continued... BETHPHAGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHARITABLE ACTivrriES Group Activity Support services 11 233379 RAISING FUNDS Group Ralsing donatlons and lega¢les Volunlary income CHARITABLE ACTIVITIES COSTS Group Support costs (see note 7) Dlrect Cosls Tolals Support seNices 9.974,224 1,096,403 11,070,627 SUPPORT COSTS Group Governance costs Managemenl Tolals Support services 948,805 147,598 1,096,403 NET INCOMEI(EXPENDITURE) Group Net incomel{expenditure) is stated after chargingllcrediting}'. Auditors, remuneration Depreciation - owned assets Surplus on disposal of fixed assets 20,876 54,126 16 730) The notes form part of these financial statements Page 29 continued... BETHPHAGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMEKfs- continued FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, REMUNERATION AND BENEFITS Group There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. 10. STAFF COSTS Group Wages and salaries Social security costs Olher pension costs 8,575.473 770.776 216.328 9,562.577 The average monthly number of employees during the year was as follows= Administralive Service delivery 65 265 330 The number of employees whose employee benefits {excluding employer pension costs) exceeded £60,000 was.. £60,001- £70,000 Total key managemeni personnel remuneration was £391.765 {2024.' £368,576). 11. TANGIBLE FIXED ASSErs Group Fixtures and fittings Freehold property Long leasehold Motor vehicles Totals COST At 1 April 2024 Addilions Disposals 1,315,096 1,075,875 13.065 261,251 99.509 6,174) 34.054 73.427 1,623,466 1.248,811 13,909) 7.735) At 31 March 2025 2 390 971 354 586 107481 2 858 368 DEPRECIATION At 1 April 2024 Charge for year Eliminated on disposal 148,116 33,344 13,065 240.052 10,769 32,371 10,013 433,604 54,126 13909) At 31 March 2025 181,460 5.330 244,647 42,384 473,821 NET BOOK VALUE At 31 March 2025 2,209,511 109.939 65.097 2.384,547 The notes form part of these financial statements Page 30 continued... BETHPHAGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMEKfs- continued FOR THE YEAR ENDED 31 MARCH 2025 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group Trade debtors Other debtors VAT Prepayments and accrued income 1,521.714 537,854 22,715 2,175.911 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group Trade creditors Social security and other taxes Olher creditors Accrued expenses 63,663 360,037 2,691,153 3,198.358 14. PROVISIONS FOR LIABILITIES Group Provisions 612,478 15. MOVEMENT IN FUNDS Group Net movement in lunds At 31.3.25 Unrestrl¢ted funds General lund Innovation and Development Fund Infection Control and Rapid Testing Protection measures 2,523,725 1,350.000 100,000 2,523,725 1,350,000 100.000 3,973,725 3,973,725 Restricted funds Restricted Fund 75,029 75,029 TOTAL FUNDS 4.048,754 4.048,754 The notes form part of these financial statements Page 31 continued... BETHPHAGE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 15. MOVEMENT IN FUNDS- continued Group Net movement in funds. included in the above are as follows- Incoming resources Resources expended Gains and losses Movement in lunds Unrestricted funds General fund Innovation and Development Fund Infection Control and Rapid Testing Protection measures 11,381.085 (11.070.627) 2.213.267 1.350.000 100.000 2.523.725 1.350,000 100.000 11.381,085 (11,070,627) 3,663,267 3,973,725 Restricled funds Restricted Fund 14.559 (15,877) 76,347 75,029 TOTAL FUNDS 11,395.644 11.086.504) 3.739.614 4.048.754 Innovatlon and Development fund The Innovation and Development fund is held to fund the investment in or development ol Ihe farm and suitable supported living accommodalion. business developmenl and sustainability projecls, and increased costs of working due lo Covid-19 impact. At the year end, development on the farm was slill ongoing therefore funds will be recalculaled on completion of the project. Infection Control and Rapid Testing protection measures fund The Infection Control and Rapid Testing protection measures fund is held to protect against any future impact of Covid-19 or other possible health emergency and any costs relating to purchasing tests and safeguarding against a fulure outbreak. Restrlcled fund The Restricted funds include funding received (net of expenditure) for specific projecls and ongoing projecls. 16. RELATED PARTY DISCLOSURES Group During the year, the Irustees were reimbursed expenses totalling £1,202. Belhphage acquired services lotalling £21,246 from Shropshire Partners in Care. Al the year end, there was a balance outstanding of £1,621. Shropshire Partners in Care is a related party as one of Ihe Belhphage senior management leam and a director of Bethphage Properly Limiled is a director ol Shropshire Partners in Care. The notes form part of these financial statements Page 32 continued... BETHPHAGE CHARITY BALANCE SHEET 31 MARCH 2025 31.3.25 31.3.24 Unrestricted funds Restricted fund Total funds Total funds Notes FIXED ASSErs Tangible assels Investments 29 2.384.547 30 2.423 2,384,547 2,423 1,189.862 2,386,970 2,386,970 1,189,862 CURRENT ASSErs Debtors Cash al bank and in hand 31 2.173,909 3.224,103 2,173,909 3,299,132 2,078,233 4,172.000 75,029 5.398,012 75,029 5,473,041 6,250,233 CREDITORS Amounls falling due within one year 32 (3,196,358) (3,196,358) {3,283.6611 NET CURRENT ASSErs 2,201,654 75,029 2,276,683 2,966.572 TOTAL ASSETS LESS CURRENT LIABILITIES 4,588.624 75,029 4,663,653 4.156.434 PROVISIONS FOR LIABILITIES (612,478) (612,478) 1416.8201 NET ASSETS 3.976.146 75,029 4,051,175 3,739,614 FUNDS Unrestricted funds Restricled funds 35 3,976,146 75,029 3,663,267 76,347 TOTAL FUNDS 4.051.175 3,739,614 As permitted by $408 companies Acl 2006. the charitable company has not presented tts own stalement of financial activities and related notes. The charitable company s surplus for Ihe year was £311,561 {2024= £580,003}. The notes on pages 36 10 43 form part of these financial statemenls. The financial statements were approved by the Board of Trustees and authorised for issue on 14 October 2025 and were signed on its behalf by- D Lum - Truslee The notes form part of these financial statements Page 33 continued... BETHPHAGE CHARITY CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 31.3.24 Notes Cash flows from operating activities Cash generated from operations 165978 483,403 Net cash provided by operating activities 165,978 483,403 Cash Ilows Irom invesling activities Purchase of tangible fixed assets Purchase of fixed asset investments Sale of tangible fixed assets Provision movement (1.248,811) (2,423) 16,730 195,658 1309,0011 178 97,518 Nel cash used in investing activities 1.038.846) 211,3051 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beglnnlng of the reportlng perlod (872,868) 272,098 4 172 000 3,899,902 Cash and cash equivalents at the end of the reporting period 3,299,132 4,172,000 The notes form part of these financial statemenls Page 34 continued... BETHPHAGE NOTES TO THE CHARITY CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NET INCOME TO NEf CASH FLOW FROM OPERATING ACTIVITIES Charity 31.3.25 31.3.24 Net income for the reporting period {as per the Statement of Financial Activities) Adjuslments for: Deprecialion charges (Profilllloss on disposal of fixed assets Increase in debtors IDecreasel/increase in credilors 311,561 580,003 54,126 (16.730) (95.676) 87.303 44,645 2,802 {611,879) 467,832 Nel cash provlded by operatlons 165,978 483,403 ANALYSIS OF CHANGES IN NEf FUNDS Charity At 1.4.24 Cash flow Al 31.3.25 Net cash Cash at bank and in hand 4.172,000 872.868 3,299.132 4.172,000 872,868 3,299.132 Total 4,172,000 872,868) 3,299.132 The notes form part of these financial statements Page 35 continued... BETHPHAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. ACCOUNTING POLICIES Charity Notes 18-28 below represent disclosures for the Bethphage charity only and have been included for comparative purposes as there are no comparatives for the consolidated accounts. 18. DONATIONS AND LEGACIES Charity 31.3.25 31.3.24 Donations 65,571 19. INVESTMENT INCOME Charity 31.3.25 31.3.24 Investment income 117.409 70,707 20. INCOME FROM CHARITABLE ACTivrriES Charity 31.3.25 31.3.24 Activity Support services 11.099.635 10,044,481 21. RAISING FUNDS Charity Raising donations and legacies 31.3.25 31.3.24 Expenditure on raising voluntary income 7,120 22. CHARITABLE ACTIVITIES COSTS Charity Support costs (see note 23} Direct Costs Totals Support services 9 854.812 1.088,758 10,943 570 23. SUPPORT COSTS Charity Governance costs Management Tolals Support services 945.581 143.177 1.088,758 The notes form part of these financial statements Page 36 continued... BETHPHAGE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 24. NET INCOMEI(EXPENDITURE) Charity Net incomel{expenditure) is stated after chargingllcrediting).. 31.3.25 31.3.24 Audilors, remuneralion Depreciation - owned assets Surplus/(delicit) on disposal of fixed assets 18.876 54.126 16,730 15,281 44,645 2,802 25. TRUSTEES, REMUNERATION AND BENEFITS Charity There were no truslees. remuneration or other benefils for the year ended 31 March 2025 nor for Ihe year ended 31 March 2024. 26. TRUSTEES, REMUNERATION AND BENEFITS Charity Trustees. expenses During the year, expenses totalling £1,20212024- £1,128) were reimbursed or paid directly to 3 trustees 12024- 3 trustees). 27. STAFF COSTS Charity 31.3.25 31.3.24 Wages and salaries Social security costs Other pension costs 8,487,209 763,732 211,781 7,648,238 633,974 198,883 9,462,722 8,481,095 The average monthly number of employees during the year was as follows= 31.3.25 65 265 31.3.24 66 266 Administralive Service delivery 330 332 The number of employees whose employee benefits {excluding employer pension costs) exceeded £60,000 was.. 31.3.25 31.3.24 £60,001 - £70.000 Total key management personnel remuneration was £391,765 {2024-. £368,576). The notes form part of these financial statements Page 37 continued... BETHPHAGE NOTES TO THE FINANCIAL STATEMENTS- conlinued FOR THE YEAR ENDED 31 MARCH 2025 28. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Charity Unrestricted Restricted funds fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 19,095 46.476 65,571 Charitable activilies Support services Investment income 10,044,481 70,707 10,044,481 70,707 Tolal 10.134,283 46,476 10,180,759 EXPENDITURE ON Raising funds 7.120 7.120 Unreslricted Restricted funds fund Total funds Charitable activities Support seNices 9.593,636 9,593,636 Total 9.593.636 7,120 9.600,756 NET INCOME 540.647 39,356 580,003 RECONCILIATION OF FUNDS Total funds brought forward 3,122,620 36,991 3,159,611 TOTAL FUNDS CARRIED FORWARD 3.663,267 76,347 3,739,614 The notes form part of these financial statements Page 38 continued... BETHPHAGE NOTES TO THE FINANCIAL STATEMENTS- conlinued FOR THE YEAR ENDED 31 MARCH 2025 29. TANGIBLE FIXED ASSETS Charity Fixtures and fittings Freehold property Long leasehold Motor vehicles Tolals COST At 1 April 2024 Addilions Disposals 1,315,096 1,075,875 13,065 261.251 99,509 6,174) 34.054 73.427 1.623.466 1,248,811 13,909) 7.735) Al 31 March 2025 2,390,971 5.330 354.586 107.481 2.858,368 DEPRECIATION At 1 April 2024 Charge for year Eliminated on disposal 148,116 33,344 13.065 240,052 10,769 6,174) 32,371 10,013 433,604 54,126 13909) At 31 March 2025 181,460 5,330 244,647 42,384 473,821 NET BOOK VALUE At 31 March 2025 2,209,511 109.939 65.097 2.384.547 Al 31 March 2024 1,166,980 21,199 1,683 1,189,862 30. FIXED ASSET INVESTMENTS Charity Unlisled investmenls MARKEf VALUE Addilions 2.423 NET BOOK VALUE At 31 March 2025 2.423 Al 31 March 2024 There were no inveslmenl assets oulside Ihe UK. The company's investmenls at the balance sheet dale in the share capital ol companies include Ihe following.. Bethphage Property Limited Registered off ice.. 8 Longbow Close. Harlescott Lane, Shrewsbury, Shropshire. England. SY13GZ Nature of business= Care provider Class of share.. Ordinary holding 1(M) 31.3.25 Aggregate capital and reserves Bethphage Property Limited was formerly known as Groco 603 Limited. The notes form part of these financial statements Page 39 continued... BETHPHAGE NOTES TO THE FINANCIAL STATEMENTS- conlinued FOR THE YEAR ENDED 31 MARCH 2025 31. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Charity 31.3.25 31.3.24 Trade debtors Amounts owed by group undertakings Other debtors VAT Prepayments and accrued income 1,521,714 131,742 404,110 22,715 93,628 1,028,197 953,815 96,221 2 173 909 2,078,233 32. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Charity 31.3.25 31.3.24 Trade credilors Social security and other taxes Other creditors Accrued expenses 63,663 360,037 2.691.153 81.505 96,306 278,201 2,738,999 170,155 3,196,358 3,283,661 33. LEASING AGREEMENTS Charlty Minimum lease payments under non-cancellable operating leases fall due as follows: 31.3.25 31.3.24 Wilhin one year 5,648 1,304 34. PROVISIONS FOR LIABILITIES Charity 31.3.25 31.3.24 Provisions 612,478 416,820 The notes form part of these financial statements Page 40 continued... BETHPHAGE NOTES TO THE FINANCIAL STATEMENTS- conlinued FOR THE YEAR ENDED 31 MARCH 2025 35. MOVEMENT IN FUNDS Charity Net movement in lunds At 31.3.25 Al 1.4.24 Unrestricted funds General Funds - all funds Innovation and Development Fund Infection Control and Rapid Testing protection measures 2,213,267 1,350.000 312.879 2.526.146 1,350.000 100.000 100.000 3.663,267 312,879 3,976,146 Restricled funds Restricted Funds - all funds 76.347 (1,318) 75.029 TOTAL FUNDS 3,739.614 311.561 4.051,175 Net movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in lunds Unrestricted funds General Funds - all funds 11,256.449 {10.943.570) 312.879 Restricled funds Restricted Funds - all funds 14.559 {15.87n (1,318) TOTAL FUNDS 11,271,008 10.959,447) 311.561 The notes form part of these financial statements Page 41 continued... BETHPHAGE NOTES TO THE FINANCIAL STATEMENTS- conlinued FOR THE YEAR ENDED 31 MARCH 2025 35. MOVEMENT IN FUNDS- continued Charity Comparatives for movement in funds Nel movement in funds Transfers between funds At 31.3.24 Al 1.4.23 Unrestricted funds General Funds - all funds Innovation and Development Fund Infection Control and Rapid Tesling protection measures 1.822.620 1,200,000 540,647 {150,000) 150,000 2,213,267 1,350,000 1CM),000 100,000 3.122,620 540.647 3,663.267 Restricled funds Restricted Funds - all funds 36.991 39,356 76,347 TOTAL FUNDS 3.159.611 580,003 3,739,614 Comparalive nel movement in funds, included in the atx)ve are as lollows: Incoming resources Resources expended Movement in funds Unrestricted funds General Funds - all funds 10,134,283 (9,593,636) 540,647 Restricted funds Restricled Funds - all funds 46,476 {7.120) 39,356 TOTAL FUNDS 10,180,759 9,600,756 580,003 A currenl year 12 months and prior year 12 months combined position is as follows= Net movement in funds Transfers between funds At 31.3.25 At 1.4.23 Unrestricted funds General Funds - all funds Innovation and Development Fund Infection Control and Rapid Testing protection measures 1.822,620 1.200,000 853,526 {150,000) 150,000 2,526,146 1,350,000 100,000 100,000 3.122.620 853,526 3.976.146 Restricted lunds Restricled Funds - all funds 36.991 38.038 75,029 TOTAL FUNDS 3,159,611 891,564 4,051,175 The notes form part of these financial statements Page 42 continued... BETHPHAGE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 35. MOVEMENT IN FUNDS- continued Charity A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Un restricled f unds General Funds - all funds 21,390,732 (20,537.2061 853,526 Restricted funds Restricted Funds - all funds 61,035 (22,9971 38,038 TOTAL FUNDS 21,451,767 20,560.2031 891,564 Innovation and Development fund The Innovalion and Development fund is held to fund the investment in or developmenl of the farm and suitsble supported living accommodation,. business development and sustainability projects, and increased costs of working due to Covid-19 impact. At the year end, development on the farm was still ongoing therefore funds will be recalculated on completion of Ihe project. Infection Control and Rapid Testing protection measures fund The Infedion Control and Rapid Testing protedion measures fund is held to proteGt against any future impact of Covid-19 or other possible health emergency and any costs relating to purchasing tests and safeguarding against a future outbreak. Reslricted fund The Restricted funds include funding received (nel of expenditUTe) for specific projects and ongoing projecls. 36. RELATED PARTY DISCLOSURES Charity During the year, Ihe trustees were reimbursed expenses lolalling £1,202 {2024= £1,128). Bethphage received donations totalling £nil (2024.. £4,7(Xl) from Basil Houghton Memorial Trust. At the year end, there was a balance outstanding of £nil12024= £nil). Basil Houghton Memorial Trust are a related party as one of the trustees of Belhphage is a trustee of Basil Houghton Memorial Trust. Belhphage acquired services totalling £21,24612024: £19,075) from Shropshire Partners in Care. At the year end. Ihere was a balance outstanding of £1,621 12024= £4,364). Shropshire Partners in Care is a related paty as one of the senior management team of Bethphage is a director of Shropshire Partners in Care. The charitable company has taken advantage of exemption, under the terms of Financial Reporting Slandard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,, not to disclose related paty iransactions wilh wholty owned subsidiaries wiihin ihe group. The notes form part of these financial statements Page 43