REGISTERED COMPANY NUMBER.. 03580266 (England and W21es) REGISTERED CHARITY NUMBER: 1073938 REP HET EE AUDIT CIAL ST RTHE DF RD AREG Lemans Statutory Auditor 29 ArtrelUM Street Nottingham Nottingharnshire NGI 4JA AEG7B540 2711112025 COMPANIES HOUSE A14
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RADFORD CA GROUP Fl FOR THE YEAR E]YDED I IVIAR H 2025 Page Report of ihe Trustees Report of the Independent Auditors 7 ¢0 10 St•tement of FinAnciAI Activities BAl*nee Sheet 12 to 13 Not lo ¢he Finaneial Ststements 14 to 22
RADFORD CARE GR Gl TERED NUMBER: 035802 REPORT TH F THE TRUSTEES DE AR The ITUStees who are also directors of the charity for the purposes of the Companies Act 2006. present their reN)rt with the financial statements of the charity for the yeaT ended 31 March 2025. The trustees have adopted the provisions of Accounting and Rew)rting by Charilies: Stalem¢nt of Rewmmended Praclice applicable to charitie5 preparing their accounts in accordance with the Financial RertIng Swldard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019). The financial ststements have been prepared in acwnlance with the accounting FK)li¢ies set out in notes to the acLx)unts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charilies: Statement of Recommended Prarlice applicable to charities preparing their accounts in accordance wilh the Financial Reportin8 Standard applicable in the UK and Republic of Ireland published in Oclob¢r 2019. ORJEcfivES AND ACTIVITIES Objectives and Aims l. To provide a ¢entr¢ for those aged 50 plus in Nottin8hAm City and Districts of Nottingharnshire. To givc 5UPP)rt to the people Ihhl are disabled. living with long lerni rArynditions, hav¢ cognitive issu¢s (incl. dernentia). mild mentsl health problems, are isolated. live alone or need other help. 2. To provide day care for the mort frail and younger elderly who may have memory issues or who live with long terni and debilitaiing conditions including young onset demeniia and learning difficulties in order to help them keep their Independen and live in their homes as long as possible - giving vitsl rc5Pite lo Iheir careTS. To sUP)rt the improvemenl of both menlal health and physical well-being- giving people choice and control. Volunteerj The charity is grateful for the unslintin8 efforts of its volunteers who 4Te involved in service pn)vision and fund raisin8. Pag¢ I
RADFORD CARE ROUP Gl TERED NUMBER: O 5802 PORT RTH FTHETR EES ACHIEVEMENTS AND PERFORMANCE Charitable activities Following on from the changes highlighted last year, recovery of Day Services cnntinues lo be slow. The c4)st of living crisis continues to impact individuals and statutory services, namely Nottingham City Council ('WCC") who are still accountable to Government Commissioner5 and are undergoin8 a thorough spcnding review and a rcview of all service4 including Adult Social Care. Having a duty to provide social care services, NCC have slarted to work with more Stringent rnethods to cul Costs and consider how to deliver seNices that are "fit for purpose" in the future. For seNices like ours. il rA)ntinues to have an impact on our inrne through fvnded placements &s very few older people are refetTed to Day Services compared to Previous years. From the very outset of the Section 114 declaration from NCC, we have regularly engaged lo offer SUPPOTL solulions and continue to provide care for those (now fewer) day plarnents here ai Radford Care GUp. Sadly, 8 lack of engagement froyn NCC has meant we are still unsure of the future of Older Persons Day Servicc5. However, we still wntinue io engage at every opportunity with commissioners and heads of se)vi¢e stating our willingness to work more closely and offerin8 support. with Nottingham and Nottinghamshire Care Association (NCA) being our vehicle for receiving any updates and sharing ideas. We have suggested a joined-up approach for older ciliz¢ns with learning disabilities And an offer of w¢r respiie, as well as a place for older people should the decision be made to close NCC'S facilities. Rather than awail NCC decisions, we have forged ahead with the 'respile offerf and have been successful in securing funds from the Boois Charitable Trust, Lady Hind Trust, Thomas FaTr Char¢ty and Souter Charitable Trust to offer placernents. Working to more robusi timelines 10 plan our finances, we weTe able io pelsuade NCC to review our contract earlier than the previous year (when a l-year cxlension had been granted). This year we were gr•mted a 2-year cxtcnsion to the day serrfiL% ntracL assuring us that day placements will continue until February 2027. Continuing to take a proactive opproach by offtring placements for 'self-funders" half of those attending do so on this basis. A successfvl bid has also secured funds for 5 spK)nsoTed placements through the Skerritt Trust. Alihough income from charitable aclivilies was slightly lower than that achieved in the previous financial yetr, income from donalions was 2.5 limes thai received lasi year. and fundraising income quadNpled. Sincere thanks go lo The Jone5 Trust, CRS Fund, Barratt Homes. Winifred Eileen Kemp TrnsL J N Derbyshi. Garfield Weston Foundation, Sthnlon on the Wolds Golf Club, our fundraisers I volunteers and to everyone that wntributed. donAied and attended our events. The TTUStees also wish io thank our sthff, volunteers, %rvice Use and fri¢nds for all their hard work. dedication and ftirbearnnce during yet anoiher challenging year. Funding continues to be rKeived for our tkmentia information Progrnmme (DIP) and the current lntract is to be revi¢wed and potentially changed to a sub-contraci with the Alzheimerfs Society. Currently offering support for carers in th¢ County only, funds are being sought elsewhere to supp)rt Care in the City. Our Artspeak projecl ended in May 2024. With the goodwill of Radford Care Group, a local Art Group continues to use 25 P)spect Street to meet and make usc of materials left over frorn ihc projeci. A small hire charge may be introduced, necess, and the moniloring of group SIZE will dictate this. W¢ hav¢ noL however, been successful in finding anyone lo regularly reni our avoilable office space or have anyone requiring the building as a whole, being another nSquenCe of limited incornc I funds available to individuals, grouwJ and businesses. A Faith Group wntinues to hire our space. bui now on Sundays only. We are optimistic that through our tireless partnership working, our Space will be useful to other chaTities or organisation5 in the future. The offer of day care 4 days a wcek (until referrals improve) and maintsining more manageable stsff l ovethcad costs continues and we continue to keep costs low by employing our own cook, keeping stsff employed on a part lime basis and, to supp)rt serrfice delivery, have partnered with Right at Home (Trlottingham North) during the l&st quarter of the financial year, who provide 'bank stsff to support our team, thus maintainin8 Wst flexibility. Page 2
RADFORD CA ERED N BER: 035802 REPORT F THE TRUSTEES Overall, we report a "steady state" with numbers supported in day care seeing a "one in, one out" pattem during the year, with an average of 50 elders a week being supported, along with Suprting over 150 Carers, directly and indirectly through our day care sen/ices. new respite offer. and the Dementia Infonnation Programme. FINANCIAL REVIEW Fin8nciAI posiilon The Statement of Financial Activities confimis an unrestricted fund pmfit for the year of £82,531, reflecting the significant tn¢reases in donations and fundraising income, and the ongoing c4)St cfficiencies. R¢serves pollcy The Trustees have reviewed the Charity's need for r¢s¢rrfe5 in line wilh the 8uidance issued by the Charity Commission. The Trustees have also undertaken a financial risk &sscssrnent that examines Potenti liabilities {stsff. contracts, leases) and assets (knth current and fixed). Furtherniore, the Tnjstees have considered the plans for growth and the associated financial implications. The Trustees have, therefore, identified the need to retain an unrestricted nd of at least 3 months, unrestricted expenditure. This reserve fund will be used ¢0 safeguard the Charity's service commitment in the event of delays in receipt of income from the provision of Day Services. The Trusiees believe ihat reserves should be al leasi this level io ensure the Charity can maintain its rA)re services and meet the need5 of older lo¢al people. both now and in the future. The total amount of funds held at 31 sl March 2025 is £617.067 and includes restricted funds of £22,189. Unrestrithed net cuThent assets of £132,142 is above the hmount of 3 months unrestri¢led expenditure reflecied in these rinancial slal¢m¢nts and .similarly, wst financial year ¢nd and os forecast for ihe year ended 31 March 2026. Page 3
RADFORD CARE CROUP GISTERED IY BER: 03 02 REP RT OF THE TRU FUTURE DEVELOPME]YTS As a well-established ¢are provider, ¢h8rity and non-profii making organisation, Radford Care Group continues to offer high quality services at value for money prices. Furthemiore, we continue to develop plans to grow and offer a wider rdnge of improved services to a wider group of older citiz£ns and the wider rA)mmunity in our purpose-buili facility. New opportunities continue to bc cxplor¢d, and partnerships rnorc rrfently established Lx)ntinu¢ io deliver the seTViCCS needed, with My Journey {CIC) providing an increased transport serrfi¢e to our members over the last year. We continue to face on-going challenges as well &s new ones thai will test us further. The fUth¢ of services like ours in the City is still unclear as NCC have still not made any decisions around the fulure of Day Services, Ihe reductions in spending And wholwhere il will affeth. However, with the exemplary care. reputation and the quality of seThices provided by Radford Care Gmup w¢ will ensure we ar¢ ideally placed to capilalise on further opportunilies as NCC'S systems are r¢vi¢wed and evolve. Radford Care Gn)up therefo looks foNard to Working with Nottingham City Council, Nottinghamshire County Council, Nottinghamshire Healthcare TTUSL NHS Nottingham and Notiinghamshirc Integrnted Care Board, Nottingham and Nottinghamshire Public Health Board and oiher partners in continuing to provide local citizens a "high quality" Centre for Care that 15 "fit for PUTpose" with partnerships ihal may need to change or develop in the future. We remain dedicaled to the care of older people and Ihose who Can undoubiedly benefit from our services, whether thal be in our building or elsewhere, Our main aim is to be the focal w>int for ihe community. bu¢ not just for older people. We can provide a significant bridge between cornmunitics and ststutory services in order to sustain every individual's physical and mentsl well.being. 11 is still hoped that we will be able 10 opernte our Centre seven days i week and introduce further partnerships with like-minded or8anisaiions, in ord¢r to 8¢hi¢ve our aim. We Continue to look at further partnerships and Lwllabordtions with other charithble organi58tions ls well as the privat¢ sector. Our action plan helped us focus on maintaining and improving our financial stability and planning continues. Already w¢ have seen positive out¢omes from our fundraising efforts. and we aim lo continue with more fundraising in the corning year. With the wntinued support of our TTUStees l Directors, of which we have welcomed a new Truslee l Director during the year, Members Board and staff, along with good business acumen, we aim to take the Charity forward to deliver our exemplary services to the community, where possible fiom our excellent facility whilst recognisin8 the potential to adapt and change to meet demand at 25 Prospect Street or remotely / in alternalive community venue5. STRucfuRE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by 8iiarante s defined by ihe Companies Act 2006. Retrnltment and 4ppolntment of new tThstte$ The charity has poli¢ies and pro¢¢dures in place for the recruitment and appointmeni of all slaff, volunteers and tru51ees. Org•nisation#l structttre A Board of Directors manages the charity, which is supported by a small nurnbef of paid care and administrative stsff to8eih¢r with a1gr8¢ number of volunteers. Indyction and training of new trus¢tts The charity has policies and procedures in pla for the recTUitmenL apIntmen( indudion and trdining of all staff, volunteers and tTUStees. Rlsk mlnagernent The trustees have examined the major strategic, financial and opernlional risks which the charity faces and confirni that a risk action plan been established so that ihe necessary steps can be thken to monitor and lessen these risks. Page 4
RADFORD CARE G GISTERED N MBER: 0358(12 REP RT R TH F THE TRUSTEES REFERENCE AND ADMINISTRATIVE DETAILS Reg151¢red Company number 03580266 (England and Wales) Registered Charity number 1073938 Registered offiee 25 Prospect Street Radford Nottingham Nottinghamshire NG7 5QE Truste48 P Handley K Broughton M Taylor S Zaya P Keith C Stan-SpenCer S E Hoyland (appoinied 16.1.25) Company Secretsry P Handley Audllors Lemans Statulory Auditor 29 ArtK)reNm Stre¢t Nollingham Nottinghamshire NGI 4JA Bank The Royal Bank of Scotland plc 189 Bramcole Lane Wollaion Nottingham NG8 2QJ Chief Executive Offer Bev Pearson C#Ye Group Manager Mrs S Wilson LECAL STATUS The wmpany is governed by the Memorandum and Articles of Association. The c4)mpany is limited by 8uarnnte¢. Members are liable to rA)ntribul¢ to the asseis in the event of being wound up to a sum not exceeding £5 per person. Page 5
RADFORD CARE ROUP TERED IY BER: 03580 REPORT FOR TH F THE TRusr YEAR PUBLIC BENEFIT The tTUStee5 confirm that they have referred to the guidanLY contained in the Charity Commission's general guidance on public benefit when ttviewing the charity's aims and objectives and in planning fvtyre activities. Th¢ objectiv¢ of th¢ charity and details of who and how the charity has helped can be found on page l. ATEMEhT OF TRUSTEES, RESPONSIBILITIES The trnstees (who are also directors of Radford Care Group for the purwses of company law> are responsibk for preparing the Report of the Tte¢S and the financial statements in accordance with applicablc law and United Kingdom Acts)unting Standards (United Kingdom Generally A¢pted Accounting Practice). Company law wuir¢s the trusiees prepare financial stat¢ments for financial year, which give a trne and fair view of the stste of affairs of the charitable rA)mpany and of the incoming resourc and application of resourtts, including the income and expenditure, of the chAritable rA)mpany for that period. In prcFYdTing these financial st*menty the trustees are required to.. select suitsble a¢untIng policies and then 8pply them rA)nsistently; observe the methods and principlc5 in the Charttic5 SORP 2019 IFRS 102); make judgements and estimates that are aSOnable and Prudent; stale whether applicable UK Acwunling Standards have been followed, subject to Iny material deportures disclosed and explained in the financial ststements; prepare ihe financial statements on the going wncem basis wiless it is inappropriate to presum¢ that the charitable company will continue in operntion. The INslees are responsible for keeping adequate accowitin8 records that disc105e with Teasonable hccuracy at any time the financial position of ihe charitable rA)mp8ny and enable them to ensure that the financial ststernents Ll)mply with the Companies 2006. They are also responsible for safeguarding the assets of the charitable rA)mpany and hence for tsking rwonable steps for the Prevention and detection of fraud and other irre8ularities. In so far as the trustees ar¢ aware: there is no relevant audit inforniation of which the charitable company's auditor is unaware; and the trustees have taken all Steps that ihey ought to have taken to make ih¢ms¢lves aware of any relevant audit inforniation and io esthblish thai the auditor is awor¢ of th8t infonnation. This report has been prepared in accordance with the special provisions of Part 15 of the Componies Act 2006 relating to small companies. Appmved by order of the board of trustees on 16 October 2025 and signed on its behalf by: YA P Handley- Truste¢
REPORT OF THE INDEPENDENT DIT TO THE MEMBERS OF Opinion We have audiled the financial stalernents of Radford Care Group (the 'chari¢able company,) for the year ended 31 March 2025 which cnmprise ihe Statement of Financial Aclivities, the Balance Sheet and noie5 lo ihe financial statements, including a summary of SignifinI accounting p)li¢ies. The financial rertIng framework that has been applied in their preparntion is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the finoncial stalernents.. give a true and fair view of the stste of the charitable company's affairs &8 at 31 March 2025 and of its incoming resources and application of resources, including its incorne and expendilure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pralet. and have been prepared in acrdanCe with the requirements of the Companies Act 2006. Basi$ for opinion We conducted our audit in a¢rA)rdance wilh Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibililies for the audil of the financial staternents section of our report. We are independent of the charitable company in acwrdance with the ethical requirements Ihal are relevant lo our audit of the financial slalernenls in the UK, including the FRC'S Eihical Standard. and we have fulfilled our other ethical respon5ibiliti¢s in accordance wilh these requirements. We believe that the audil evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Con¢lusions relating to going eoneern In auditing the financial statem¢nts, we have concluded ihat th¢ trustees, use of the going LX)nL%m basis of aetounting in the preparaiion of the financial $ernents is appropriate. Based on the work we have perfomed, we have not identified any material uncertainties relatin8 to evenls or wnditions that, individu8lly or collectively, may cast significant doubt on Ihe charitable company's ability lo continue as a going concern for a period of at least twelve Months from when ihe financial statements are auihorised for issue. Our responsibilities and the responsibili¢i¢s of th¢ trusiees with respect kn Boing wncern ve described in ihe relevant Sections of this report. Other informatlon The trustees are responsible for the other information. The other inforniation eomprises the infornihtion included in the Annual Report, other than the financial staternents and our Rewrt of the Independent Auditors iher¢on. Our opinion on the financial statemenls does not cover the other infonnation and. except to ihe extent olhcrwise explicitly sthted in our report, we do not express any forni of assurnnce conclusion Ihereon. In fA)nne¢tion with our audit of the financial statements, our responsibility is 10 read the other infomiation and, in doing so, nsider whether the other infornialion is materially inconsisient with the financial ststements or our knowledge obtained in the audit or otherwise appears to be m8ieri&lly misststed. If we identify such material inconsistencies or &pp&rent material misstslements, we are required to dclerniine whether this gives rise to a rnaierial mi5s1aiemeni in the financial statements themselves. If. based on the work we have perfornied, we conclude that there 15 a material mi55tatement of thi5 oiher infornialion, we ar¢ required to report that fad. We have nothing to report in this r¢gard. Opinions on other matters prescribed by the Compgnles Ae12006 In our opinion, based on the work undertaken in the course of Ihe audit.. the infornialion given in the Report of the Trnstees for the financial year for which the financial statements are prepared is consi5*nt with the financial statements. and the Rew)rt of the TTUStees has been prepa1 in a¢cordance with applicable legal requir¢rnents. Page 7
REPORT F THE INDEPEN FORD CA ROUP ENT A DIT RSTO THE MEMBERSOF Matters on whieh we #re required to report by exception In the light of ihe knowledge and understanding of the charitable company and ils environment obtained in the cijurse of the audit. we have not identified material misstatements in the Report of the Trustees. We have nothing lo repK)rt 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 adquate for our audii have not been received from branches not visiled by u5. or the financial statements are not in agreement wilh the aOUnting records and returns. or certain disclosures of tnjslees, remuneration specified by law are not made. or we have not received all the inforniation and explanations we require for our audit: or thc trustees w¢re not entiiled to tske advantage of the small wmpanies exemption from the requircmcnl lo prepare a Stregle Report or in preparing the Report of the Tnlees. Responsibilities of irnstees As explained more fvlly in the Statement of TNstees' Responsibilities, the lneeS (who are also the directors of the charitable company for ihe purpose5 of company law) are responsible for ihe prepardtion of the fin¢la1 statements and for being satisfied th81 Ihey give a tru¢ and fair view, and foT such interna] control as the truslees detenin¢ is ne(%ssary to enable the preparation of financial statements that are free from malerial misslaternenl, whether due to fraud or error. In preparing Ihe financial slalements, the trustees are responsible for assessing ihe charitable company's ability to continue as a going concem, disclosing, as applicable, marters rclaied to going concem and using the going concem basis of accounting unless the trusiees either intend io liquidaie the charitsble company or to ¢¢e operations, or have no reglistic alternative but io do $0. Page 8
REPORT F THE INDEPENDEKfA ROUP DIT TO THE MEMBERSOF Our responsibilities for the Audi¢ of the finncial ststernents Our objectives are to obtain reasonable assurance about whether the financial statements a5 a whole are free from material misststemenL whether due to fiaud 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 Iiol a guarantee that an audit conducled in accordance wlih ISAS (UK) will always detect a material misslatemenl when it exists. Misslatements can arise from hud or error and are considered rnaterial if, individually or in the aggregate. Ihey could reasonably be expec1 to influence the economic decisions of users tsken on the basis of th¢s¢ financihl staiements. The extent to which our procedures a capable of dele¢ling irregularlties, including fraud is detailed below: IrregulaTities. including frdud, are instances of nonryC4)mpliance with laws and regulations. We design procedures in line with our responsibililies, outlined above, to delect material misslatemenls in respect of irregulariti, including frdud. Thc specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed b¢low: - Exercise professional judgment and maintain professional scepticism throughoul the planning and perforniance of the audit. Identify and assess the risks of mateTial misstalemenl of the financial stalements, whether due to fraud or ernr, design and perfomi audil procedures Tvsponsive to those risks, and obtsin audit evidence that is sufficieni and appropriaie to provide a bLS for our opinion; Obtsin an understanding of ihe internal control relevanl io the audil in order to design audil procedures ihal are appropriate in the circumstances, but not for th¢ purpose of expressing an opinion on the effectiveness of the charity, internal control; Evaluate the appropriateness of accounting policies used and the reasonableness of acwunting estimates and related disclosures made by mana8ement' Make enquiries of management and ihose Charged with governance of any instances of nOnmplIanc% wilh law5 and regulations and of any a¢ftMI and potential liligaiion and claims,. Review financial statement disclosures to supporting documentation to assess compliance with applicable laws and regulalions Because of ihe inherent limitations of an audit, there is a risk that we will not delect all irregulariiies, including Ihose leading io a material misstalemenl in the financial staternents or nonvcompliance with regulation. This risk increases Ihe more that compliance with a law or re8ulation is removed from the events and trdll5actions reflected tn ihe financial statements, as we will be less likely to become aware of inswices of non-compliance. The risk is also greater regarding IrguIar7¢1¢s occurring due lo frnud rnther than error, as fraud involves intentional concealrnent, forgery. collusion, omission or misrepresentslion. A further deseripiion of our responsibilities for the audit of the financial s¢atemenis is locaied on the Financial Reporting Council's website at www.frc.or8.uklauditor5responsibililies. This description fomis part of our Report of the Andependent AudilOIS. Page 9
REPORT OF THE INDEPENDENT AUDITO FO RE CROiIP TO THE MEMBERS OF Use of our report This report is made solely to the charitable company's members, AS a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken 50 that we might stste to the charitablc company's members those matters we are required to state to them in an auditors, rep)rt and for no other purpose. To the fullest extent pemiitted by law, we do not accept or &ssurne responsibility to anyone other than the charitable company and ihe ch8ritsble company's members as a body, for our audil wotk. for this rert, or for the opinions we have fomied. Karen Mealand FCCA (Senior Statutory Auditor) for and on behalf of Lemans Statulory Auditor 29 Arb)retum Street Nottingham Nottinghamshire NGI 4JA Dhie.. Pag¢10
RD CARE GROUP STATEME F FINAN IAL AcfiviTIE co RATI AN INCOME AND XPE FOR THE YE REND I MARC 20 31.3.25 Totsl funds 31.3.24 Total funds Unrestricted fiinds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donation5 and legacies 140,716 140,716 55,808 Charitsble Aetlvitles Friendship GroUIderS Day Care Making Sense of Dementia OPAUArtSpeak 125,809 125,809 21,483 138,797 20,811 3,529 21,483 her trdding activiti¢s Investhient income Other income 49.828 1,441 1,334 49,828 1,441 1,334 23,181 1,562 8,000 Total 319,128 21,483 340.611 251,688 EXPENDITURE ON Raising funds 7,332 7,332 3,240 Charltsble actlvltle$ Friendship Group/Elders Day Care Makin8 Sense of Dementia OPALIArtSp¢ak 220,580 220,580 24,048 6,016 243,096 15,429 42,913 24,048 6,016 Other 7,777 7,777 8,238 Totsl 235,689 30,064 265,753 312,916 NET INCOMEI(EXPENDITURE) Transfers between funds 83,439 (908) (8,581) 908 74,858 (61,228) 16 rnovtment In funds 82,531 (7,673) 74,858 (61,228) RECONCILIATION OF FUNDS Total fijnds brought forward 512.347 29,862 542.209 603,437 TOTAL FUNDS CARIUED FORWARD 594,878 22,189 617,067 542,209 The nolcs fomi part of these financial s¢atements Pagell
RADFORD CA ROUP ERED NUMBER: 035802 BALAN MAR HEET 31.3.25 Totsl funds 31.3.24 Total funds Unrestricted fiknds Restricted nds Notes FIXED ASSE13 Thngible &ssels 548,414 548,414 569,933 CURRENT ASSETS Sio¢ks Debtors Cash ai bank and in hand 300 9,770 93,963 io 9,659 147.703 9,659 169,892 22.189 157,362 22,189 179,551 104,033 CREDITORS Amounts falling due within on¢ year (25.220) (25,220) (33,874 } NET CURRENT ASSETS 132.142 22.189 154J31 70,159 TOTAL ASSETS LESS CURRENT LIABILITIES 680,556 22,189 702,745 640,092 CREDITORS Amounts fallin8 due after more than one year 12 (85,678) (85,678) {97,883) ET ASSETS 594,878 22,189 617.067 542,209 FU]YDS Unrestricted funds: Genernl fund Restricied funds: Making Sense of Dementia OPAUArtSp¢ak 16 594,878 512,347 22.189 24,754 5,108 22,189 29,862 TOTAL FUNDS 617,067 542,209 The note5 forni part of these financial slalements Page 12 continued...
RADFORD CARE GR TERED NUMB R: 0358026 LAN HEET- continued 31 MARCH 2 These financial statements have been prepared in accordance with the provisions applicable 10 charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trnstees and authorised for issue on 16 October 2025 and were signed on its behalf by.. C Staien-Spen¢er- Trustee The notes forni part of these financial statements Page 13
ROUP NOTES TO THE FINAN FO TH YEAR E TEMENrs 025 ATUTORY INFORMATION Radford Care Group is a charitable company incorFK)rnted in Engld within the United Kingdom. The address of the registered office and registration numbers are given in the report of the trusiees administrative inforniation on page 4 of these finala1 statements. ACCOUNTING POLICIES Basis of prering the financi41 ststements The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of RMMended Practice applicable to chtiriiies preparing their accA)unts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland i5sucd in Othober 2019. the Financial Reporting Standard applicable in the United Kingdom and R¢public of Ireland (FRS 102), the Companies Act 2006 and UK Genernlly A¢cepled Ac¢ouniing Prn¢tice, The financial stsiements are prepared on a going eoncem basis under the historical cost convention, rnodified to include certain items at fair value. The financial statements Are prepared in slerling which is the fim¢tional CuenCY of the chArity and rounded to the nearest und. The significant accounting policies applied in the preparnlion of these financi81 st8lem¢nts are set out Ixlow. These policies have been wnsisiently applied to all year5 presented unless otherwise slated. Going concern The Trustees have assessed the balance sheet and likely future cash flows ai the date of approving these financial siatemenis and are of the opinion that all foreseeable debts can be mei for a period of at le&81 12 rnonihs from the dale of approval. Income All incorne 15 recognised in the Statement of Financial Aciivilies once the chwity has legal entitlement to the funds, il is probable that the income will be re¢¢iv¢d and the amount can be measura reliably. No nOUn1 is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in ihe Truslce's rcport, Expenditure Liabilities are recognised hs expenditure as soon as there is a legal or constructive obligalion LX)mrnitting the charity lo thal ¢xp¢nditure, il is probable that o transfer of economic benefits will b¢ required in settlement and the amount of the obligaiion can be meLsured reliably. Expenditure is accounted for on an accrnAls basis and has been classified under headings that aggregaie all cost related to ihe caiegory. Where sts cannot be directly attributed ¢0 particular headings ihey have been allocated to activities on a basi5 consistent with the use of resources. Tangible fixed assets Depreciation is provided al the following annuAI rntes in order Io WTite off each asset over its estimated useful life. Freehold buildings Fixtures, fittings & equipment - 20/0 on cost IOYO on cost Tangible fixed assct5 are stated at Cost or valuation less a¢curnulated depreciation. Cost includes $ts directly attributable to making the ass copable of operating as intended. Computer and office equipment costing below £SOO are written off in the period in which they are purchased. Page 14 continued..
RADFORD ARE TE TOTHEF THE YE NANCIAL TATEMENT ND IMA inued FO ACCOUNTING POLICIES- tOAtinued Stocks Stocks are valued the lower of cost and estimated selling price. Provision is me for damaged. obsolete and slow-moving items where appropriate. Deblon And ereditors Debt0 and creditors receivable or payable within one year rerded at transaction price. Taxation The charity is exempt from fA)rp)rn¢ion ¢&x on ils charitsble activili¢s. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the tnJstee$. Restricied funds Can only be used for p8rti¢ular restricted purposes within the objects of ihe charity. Restrictions aris¢ when specified by the donor or when funds are raised for particular restricted purposes. Further ¢xplanaiion of the naturt and purpose of each fund is in¢luded in the notes to the financial statements. Pension costs and oiher post-retirement benefits The Charitable company operates a defined contribution pension scheme. Contribulions payable to the ¢harktable company's pension scheme are charged lo Ihe Statement of Financial A¢tivili¢s in the period io whi¢h they r¢late. OTHER TRADING AcfivJTIES 31.3.25 31.3.24 Meals, transport and outings Fund raising Other income 6,950 36,653 6,225 6,053 8,760 8368 49,828 23,181 INVESTMENT INCOME 31.3.25 31.3.24 Deposit account inler¢sl 1,441 1,562 Page 15 continued...
ARE GR TES TO TH FINANCIAL DE TATEfilEN NET INCOMEIIEXPENDITURE) Net inLx)mel{expenditure) is stated after charginW(creditin8): 31.3.25 31.3.24 Auditors. remuneration Depreciation - owned assets Employee emoluments Accountancy fees Operating lease payments- Other Trustees indemnity insurance 1,410 21,519 159,936 5.217 4,155 568 1,380 21,546 168.120 5,143 4,155 505 TRUSTEES, REMUNERATION AND BE]YEFITS There were no trustees, remunerntion or other benefits for the year ended 31 March 2025 nor ft)r the year ended 31 March 2024. Trusteu, expenses During ihe year trnstses received.expenses of £33, (2024 - £nil). STAFF COSTS 31.3.25 31.3.24 Wages and salaries Social se¢urity costs Oiher pension costs 157,073 5,619 2,863 164.958 6.483 3,166 165,555 174,603 The average monthly number of ¢mployees during the year was 95 follows: 31.3.25 10 31.3.24 10 Employees No employees received emolumenis in excess of £60.000. Page16 conlinued...
ARE GROUP NOTE TO THE FINAN RTHEY END IAL TATEME - continued TANGIBLE FIXED ASSETS Freehold land & buildings Fixtures, fittings & equipment Totals COST OR VALUATIOiY At l April 2024 and 31 March 2025 500,000 139297 639297 DEPRECIATION Al l April 2024 Charge for year 26,571 7,596 42,793 13,923 69,364 21,519 Al 31 March 2025 34.167 56,716 90,883 IYET BOOK VALUE At 31 Mwrh 2025 465,833 82.581 548,414 At 31 March 2024 473,429 96,504 569.933 Cost or valuation al 31 Marth 2025 is represented by.. Freehold land & buildings Fixlures, fittings & equipment Totals Valuation in 2025 Cost 500,000 500,000 139,297 139,297 500,000 139,297 639,297 If freehold land and buildings had noi been revalued they would have been included at the following historical wst., 31.3.25 31.3.24 Cost 873,350 873.350 Aggregate depreciation 67,778 52.716 Value of land in freehold land and buildings 120.268 120,268 Freehold land and buildings were valued on an open market basis on 19 November 2024 by Musson Liggins. All of th¢ above are used for charitable purpose$. Page17 ntinued...
DF RD ARE THE FtNANCIAL STATEMENfs- eontinued R THE YEAR ENDE STOCKS 31.3.25 31.3.24 Stocks 300 io. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Other debto Prepayments 9.659 8.300 ,470 9,659 9,770 ii. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Bank loans and overdrafts {see note 13) Social security and other taxe$ Other creditors Accrnals and deferred incom¢ 12,185 11,668 2.379 7,916 11,911 6,835 6.200 25,220 33,874 12. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 31.3.25 31.3.24 Bank loans (see note 13) 85,678 97,883 13. LOANS An analysis of the maturity of loans is given below.. 31.3.25 31.3.24 Amounts falling due within on¢ year on demand: Bank loans 12,185 11,668 Amounts falling between one and two ye&s: Bank loans- 1-2 years 4,531 18,806 Amounts fallin8 due between two and five years: Bank loan5- 2-5 years 6.545 27,748 Amounts falling due in more than five years: Repayable by instslments.. Bank loans more 5 yr by instal 74,602 51.329 Page 18 continue41...
RADFORD CA ROUP TE THE FINAN IAL STATEME R THE YEAR E DED 31 MA - tontin 14. LEASI]YG ACREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: 31.3.25 31.3.24 Within one year Betwe¢n one ond five years 4,155 10,196 4,155 14,350 14,351 18,505 15. SECURED DEBTS The following secured dcbis are included within creditors: 31.3.25 31.3.24 Bank loan 84,772 86,278 The bank loan is secured by charges over the freehold property. 16. MOVEMENT IN FUNDS Nei movernent in fund5 Transfers between funds Al 31.3.25 At 1.4.24 Unrestricted funds General fund 512,347 83,439 {908) 594,878 Reslri¢t¢d fundj Making Scnse of Dementia OPAUArtSpeak 24,754 5,108 (2,565) (6,016) 22,189 908 29,862 (8,581) 908 22,189 TOTAL FUNDS 542,209 74,858 617,067 Page19 conlinued...
RADFORD ARK GROUP NOTES TO TH AR FINANCIAL STATEMENTS- continued DED 3J MARCH 2025 16. MOVEMENT IN FUNDS- eonlinu¢d Net movement in fund4 included in the above are as follows.. Incoming resources Resources expended Movement in funds Unres¢rlcted funds Gcnernl fund 319,128 (235,689) 83,439 Rtstrieted funds Making Sense of Dementia OPAUArtSpeak 21,483 (24,048) (6,016) (2,565) (6,016) 21,483 (30,064) (8,581) TOTAL FUNDS 340,611 (265.753) 74,858 CompgrAtlvu for movement In funds Net movemenl in funds Transfers betwcen funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 518,928 (27,226) 20,645 512,347 Ro¢ric¢¢d funds Making Sense of Demenlia OPAUArtSpeak 19,372 65,137 5,382 {39,384) 24,754 5,108 (20,645) 84,509 (34,002) (20,645) 29,862 TOTAL FUNDS 603,437 (61,228) 542,209 Comparative net movement in fiinds, included in the ab)v¢ ar¢ as follows: Incomin8 resourc¢s Resources expended Movement in funds Unrestricted funds General fund 227,348 {254,574) (27,226) Restrirted funds Making Sense of tkmentia OPALIArtSpeak 20,811 3,529 (15,429) (42,913) 5,382 (39,384) 24,340 (58,342) {34,002) TOTAL FUNDS 251,688 (312.916) (61228) Page 20 continued...
RADFORD NOTE TO THE FINAN REN IAL TATEME H202 16. MOVEME1 IN FUNDS- continued A current 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 fund 518,928 56213 19,737 594,878 Restricted funds Making Sense of Dementia OPALIArtSpeak 19,372 65,137 2.817 (45,400) 22,189 (19,737) 84,509 {42.583) (19,737) 22.189 TOTAL FUNDS 603,437 13,630 617,067 A ¢uff¢nt year 12 month5 and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in fijnds UnTes¢rlcled funds General fund 546,476 (490.263) 56,213 Restricted funds Making Scn5e of Dementia OPALIArtSpeak 42,294 3.529 (39,4n) (48,929) 2,817 (45,400) 45.823 (88,406) (42,583) TOTAL FUNDS 592,299 (578,669) 13,630 Amounls dis¢los¢d as restri¢t¢d funds have been restricted as a result of the conditions imposed by the InMe provider. All the restriclcd grants and donations have specified iernis and conditions alLhed to ihem. OPAUArtspeak- lo deliver a programme of arts for life io older people, Making Sense of Dementia- lo deliver a further programme to sUprt careTS of ihose with Dementia. Page 21 ntinued...
RADF RDCA oup Fl AN IA TA in 17. EMPLOYEE BENEFIT OBLIGATIONS The company operntes a d¢fined ¢ontribulion s¢hemc. The assets are managed independently of the company and Contributions are charged lo the Siatement of Financial Activities in the period they aff made. The charge for the year was £2,863 (2024- £3,166). 18. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. Page 22