Dudley Lodge safeguarding children services DUDLEY LODGE 143 Warwlck Road. Coventry, CV3 6AT (a company Ilmlted by guarantee) REPORT AND FINANCIAL STATEMENT3 FOR THE YEAR ENDED 31 MARCH 2025 Company No: 03729909 Charlty No: 1078207 DUDLEY LODGE (a company limited by guarantee) CONTENTS Pago The Chalrfs Report Dlrector8'rrru8ts98' Report Independent Audltors, Report 12-14 Ststsmont of Flnanclal Actlvlt108 15-16 Balance Sheet 17-18 Cash Flow Statsmont 19 Accountlng Pollcle8 20-23 Notss to the Flnanclal Statements 24-32 DUDLEY LODGE la company Ilmlted by guarantee) THE CHAIR'S REPORT for the year ended 31 March 2026 It is a great privilege to provide this Intrcxluction to our Annual Report and Financial Statements for the year ended 3181 March 2025. I would like tD Start by paying tribute to our wonderful staff who remain so commf(ted to the services we provide, meeting the needs of the vulnerable families we serve and in particular ensuring the safety and wellbeing of young children. W8 maintain a rolling stsff succession plan and a 'tslent profile" which are important parts of our commitment to the professional and personal development of our staff which helps to underpin our reputation as a good employer. During the financia1 year we continued to face significant challenges insofar as the number of competing family assessment centres nationally has grown al the same time as local authorities are f8cing difficult constraints an their financial resources. We have responded by focusing very strongly on opportunities lo enhance and diversify our service delivery and making sure that we are operating as effectively as possible in a difficult market. We continue to aim to be the dests'nation of choice for referrals and whilst there is no room for complacency we continue to enjoy a stable financial position no￿lthStanding these challenges. We aim to pilot new assessment models and one such pilot is already Unde￿aY involving mothers who are towards thé ènd of a prison sentance W￿ra wè are offèring a mixturè of assessmènt prè and post r818ase. During th8 year we took the dlfflcult d8clslon to closè our Wolv6rhampton c8ntr8 as a response to the drop In total referrals. Our aim now Ss to lease the building to another charity supporting vulnerable people whilst we und8rtak6 a revl8w of futur8 s8rvic8 Optlons. We are maklng good prograss in that regard. Our work across the wider community comes und8r the tltle of "Hurdle" whlch enjoys the financial support of th8 Lottery and generous grants frorr a number of other charities. We are grateful for that support. and wé have developèd a strategy which aims to demonstrate that a range of community- based services to vulnerable families outside our Centres can make a huge difference, wh8ther that be in post assessment support or preventstive wort(. We hope and believe that Hurdle can evolve into a rang8 of s8rvices based on better value for money and better outcomes for commissioning bodies and thè viJln8rable families we support. A PhD research study has providéd valuablè evidence around the effectiveness of 'Hurdle" and the final evaluation for the Lottery Fund due in June 2026 will also include a cost benefit analysis. This project has moved into its fifth year, now, and continues to meet all its targets. During the year we were pleased to extend this type of work into a pilot proj8Ct with Warwickshire County Council to provide an advocacy service for parents wh08e chlldr8n ar8 involved in chlld protectlon processes. We have recently succeeded In jolnlng the West Midlands Children's Regional Residential Care framework for residential parenting assessments. This is an important step foNard as we continue to seek a sustainable18v81 of referrals bearing in mind that the framework aims to be th8 primary means by which placements are sourced in the West Midlands and includ8s 14 local authorities across the region, The year ended March 2025 has been another successful one for Dudley Lodge. A healthy financial surplus has been recorded and that enables us to plough money back into the charity, including our community supportwork through Hurdle. We are blessed with a board of trustee$ who are very committed to the cOn￿nuing success of our organlsation as we respond to the challenges and opportunities ahead. During the year we were pleased to be further St￿ngthen&d with the appointmenl of April Carney-Dalton who brings a wealth of experience on all matters relating to human resources. l am particularly grateful for the way in which the Board and the Executive Team work tog&ther b8sed on the values of mutual trust and respect. I hope all those who have an interest in our work find the following Report and Financial Statements of some value and that it furthers your understanding of the work we do. Peter Roach Chair DUDLEY LODGE (a company limited by guarantee) DIRECTORS'ITRUSTEES, REPORT for the year ended 31 March 2025 The Trustees are pleased to present their annual Dirertors, report together with the finanrial ststsments of the charity for the year ending 31 March 2025 which are also prepared to meet the requirements for a Directors, report aThJ accounts for Companies Act purposes. The financial statements comply with th8 Charities Act 2011, the Companies Act 2006, the Memorandum and Article5 of Association. and Accounting and Reporting by Charities.. Statement of R8commend8d Practice applicable to charities preparing their a¢￿Unts in accordance with the Financial Reporting Standard applicable in th8 UK and Republic of Ireland {FRS 102) published in October 2019. Objects and prinelpal actlvltle5 of the charlty The charity is established to promotè thè physical and m8ntal health welfare and safety of children, young people and adults, by developing chlldcaré knowlèdgé and by providing parenting assessments, practical support and assistan￿, education, advice and counselling, whether in accommodation provided by the charity or in Ihe wider community. The principal ath'vity of the charity Is to provlde accommodatlon to vulnerable chlldren, young people, and their parents for the purpose of assessment and 8UPPOrt. W8 provide Independent, comprehensive famity asgessmentg, incorporating a high level of supervision for children and their parentslcarers th81 are tsilored lo the individual needs of the family. The assessment is deemed a positive Int8rv8ntion with the emphasis of our work being focused on assessment and providing a leaminglre-learning experience for parents within an environmenvsituation that is sensitive and supportive. The DirectOrs￿rUste88 and th8 Exécutive Team demonstrale 8 Strong commitment to continuous improvement in relatson to assèssment, support. services, accommodation, and facilities. They are committed to the principle of providing a quality workforc6. having competent well-trained staff, to provide good qualty car8ls8rvi¢es for ¢hlldren, young people, 8nd their families. In shaplng our obj8clfves for th8 year and plannlng our future a¢livilies, the Dire¢torsrrrustees have considered the Charity Commlsslon's guldanc8 on publlc benefit, In¢ludlng the guid8nce 'public bénéfit: running a charity {PB2}'. OurVl8lon Dudley Lodge will be the preferred provider of a range of independenl hlgh-quality children's safeguarding services for local authorities, guardi8ns, and advocates. We will enhance our reputation for excellence and innovation by demonstrating Skills in dealing with the most complex cases regarding vulnerable children and families. Our Mlsslon: To provide the courts and other relevanl partles concerned wlth safeguardlng children, wSth a range of hlgh- quality independent assessments, inletventions, and services regarding referred parenls/carers' abillties to keep children safe; and to assess their capacity and potential for promoting children's continuing wellbeing. DUDLEY LODGE (a company limlted by guarantee DIRECTORS'ITRUSTEES, REPORT for tha yèarèndèd 31 March 2025 Ourvalues: We believe that all children have the right to havé their safety and welfare needs met. Wé b&lieve that all adults have a responsibility to respond to concerns, worrias, and doubts regarding the safety and wellbeing of children wh8r8v6r they may be. We believe that it is p&ople who make the difference in 8ny entarprise, and to give of Iheir best théy must be treated with dignlty and r8SP8Ct. Equallty & Dlver81ty Statamant Dudley Lodge will p18¢e diversity at th8 heart of all activities. Our charity Values the diverse nature of Its Staff. Board Members and of those using our seNices. We will ensure that thls is reflectsd in all our practices, policies, and servic88. Promoting equality and dlvèrslty Is a duty our charity tskes very serlously and is a re8ponsibllSty $har8d by all Staff and Board Members. Dudl8y Lodge's commitment to equality Involves much more than positlve action to promote equal opportuniti6s and eradicate discrimination. It means that we are actively committed to encouraging and promoting tha richness brought to the charity by the diverse nature of our Staff. Board Members, and Service Users. Fundral8ing Standard8 Infomiatlon: The charity fiJndrai58s internally and approaches funders who have given explicit consent to receive such contact under the General D8ta Protection Regulation {GOPRI. W8 occasionally utilise 8 fundraising consultant on an ad hoc basis to support specific applications or opportuniti88. We have received no fundraising complaints during the year. ectlv68 for 202412 25 and ourAchlevemon 1. Pllot new a88e88mont modols. Last year preliminary maetings took place with the National Fostering Agency who were willing to enter a Partnership to mov8 a parenvchild fostering assessment model pilot project forward. Despite positiv8 interest shown by privat& fostering agencies they remain slow to move this forward despite our persistence. During Ihe year we hav8 been able to secure the support of Peterborough HMP to pilot a model worklng wlth mothers towards the end of their prison sentence where we can off8r 8 mixture of assessment pre and post release. We carried out our first parenting risk assessment with a mother during the last stages of her prison sentence, and thi5 has been followed by 8 residential assessment whlth is still In progress. The inswhts from this pilot will be utilised to further market the concept. DUDLEY LODGE (a company Ilmltsd by guarantee) DIRECTORS'rrRUSTEES' REPORT for the year ended 31 March 2025 2. Hurdle to continue to meet thè requirements of the Lottgry funding; and worklng In Ilne wlth our Fundraising Strategy. All required outcomes for our fourth year of Lottery funding were successfully m8t. Our mid-way evaluation, completed by Charity Fundraising Ltd, demonstrated positive service outcom8s and was accepted by the Lottery in June 2024. We continue to work with Charity Fundraising Lld to strengthen our data analysis for the final evaluation, due for completion in June 2026. which will include a cost-benefit analy515 to ensure Our results are relevant to both funder$ and Local Authority commlssloners. In addition, the PhD study in partnership with Phoenix Psychology has be&n completed. This examined the impact of Hurdle's model on helping to facilit8te change in what would b6 considered the hardest to reach service users, who are at high risk of repeating cycles of trauma, and h8ving children removed. This resaarch provides valuable insights into thé effectiveness of our approach and aims to support future grant applications and Local Authority funding bids. Durlng the year Hurdle commen￿d 8 successful pSlot proje¢t in p8rtnership wSth WarwlckshSr8 County Council to provide parent advocacy for parents whose ¢hildren are involved in child protection processes. This has been successfully expanded to March 2026, and we hope to continue our work on this area when the pilot has concluded. We have strengthened our 51rategic focus on succession planning and team structure to support further development of the Hurdle $ervl¢e. We are actively working In line with our fundraising strategy and have begun engaging again with donors to establish new funding streams as the Lottery funding approaches its final year. We remain optimistic about these initiative$. 3. Addre88 workfor¢e challènge8 and have a posltlvo reputation a¥ an employer, provldlng good 8alarles, beneflts and opportunStie8. We continue to invest In the development of our staff and our assessment methodologies to enhance thelr abllily to make more independent, informed decisions tailored to the specific needs of the families we support. Our employee benefrts remain strong, Including comprehensive training opportunitles. ment81 health support, a pension scheme. and competitive salaries, which have been enhanced over th8 past years. However, recruitment and retention remain challenging, especially in residential roles, where unsociable hour5 and shifting workforce expectations continue to contribute to higher turnover. To strengthen leadership and te8m cohesion, we continue to provide regular coaching and team-building sessions. Our training programme ensures ongoing professional development for managers, and the Executive Team has engaged with 8 coach to navigate the operational demands of the organisation while maintsining strategic focus and morale. We are also collaborating with tsvo exlernal consultants who bring sector-specific expertise in Family Assessment and Support Services. Their insights are helping to shape our strategic direction. Concurrently, Centre Managers aré reviewing intemal processes to identify opportunities for increased efficiency and reduced administrative burden and streamlining our recording processes. In line with our ¢ommitsnent to continuous improvement, we are refining our assessment methodologies, including shortening teaching phases to allow more time to evaluale change and independence. While our exploration of Al integrakn'on is still in its early stsges, we are beginning to explore the potential of it to enhance servi￿ delivery and operational effectivenes5. DUDLEY LODGE la company Ilmlted by guarantee) DIRECTORS'rrRUSTEES' REPORT for the year ended 31 March 2025 4. Malntaln a gtrong flnanclal posltlon, receiving a high level of referral8 from authorftie8 across a wlde geographical range in respect of Famlly Assessments, along with attracting new authorltlos to our thlrd Centro. During the financial year, we continued to face significant challenges due to increasingly constrained budgets within Loc81 Authorities and a growing number of competing family assessmènt centres nationwide. The expansion of th8 provid&r market and the need to drive down prices has impacted Dudley Lodge and 0th8r c8ntr8S. Although referral volumes remained high, the number of f8milies plac8d with us reduced, reflecting broader market instability. In response to the drop in placements and assessment income, we made the difficult decision to close our Wolv8rhampton assessment centre at the end of th8 financial year. The property will b8 leased to anothgr ch8rity supporting vulnerable individuals while WÉ évaluate future service options. Despite the challenges fac8d during the year, we acted swiftly to adjust operations, reloc8te staff where possible, and absorb the financial shortfall. This proactive approach ènabled us to generate a healthy surplus, ensuring continued S&Nice development and financial stability. The Executive Team continues to monitor market trends and remains responsive to changes in demand. We are pleased to hava succassfully joined the W8st Midlands Children's Regional Residential Care Framework {20251 for th8 provision of Residential Par8ntlng Assessments placements. The Framework aims to be the primary means by which resid9ntial car8 placements are sourced in the region from the Independent market and incorporatgs 14 Local Authoritiesrrrusts. Contracts are due to ¢omm8nce on 31 October 2025. We established new partnershlps Wlth several Local Authorltles across the country during thè year, and remain comrnitt8d to delivering hlghquality. valu8-for-money assessments, despite the ongoing pressureg across the sector. 5. Slay commlttod to •88e881ng our u80 of energy and proactlvely Seek to reduco our carbon footprlnt and make long terni saving8 for th• charlty, along wlth Improvlng 411 our lacllltl88. Our sustainability Inltlatlves are progressing well, wlth quarterly Green M8etings now establlshed across the Cenlres. These meetings focus on reducing wast8, elimlnating single-use plastlcs, improving recycling praGti¢es, and encouraging environmentally conscious behaviours among both staff and resldenls. Environmental considerations are now embedded Into all new building works. ensuring that the most sustainable choices are prioritised. Our Wolverhampton property has beèn fitt8d with secondary glazing to improvè 8nergy efficiency, and our Birmingham centr8 has undergone a full window repla¢ement to further reduce heat loss and enhance insulation. Plans for Future Perlods icP We aim to stabilisè and strengthen organisational foundations, preparing the charity for the challenging years ahead by building long-tem resilience across all levels of the organisation. We aim to dévelop a skilled, diverse. and futur&ready workforce, investing in, attracling, retaining, and devèloping a workforce th8t Is adaptable, inclusivè, and equipped for future challenges. We alm to ensure financial sustainability and strategic agility maintaining a strong financial footing while remaining responsive to shifting funding landscapes, including the potential need to diversify income streams and adjust service models in response to diminishing local authority budgets. DUDLEY LODGE (a company Ilmited by guarantee) DIRECTORS'rrRUSTEES' REPORT for the year ended 31 March 2025 The objectives for 2025126 are.. 1. Continue to pilot new assessment models to support ever r•Jucing Local Authority budgets. 2. Hurdle to continu8 to meet the requirements of the Lottery funding, and worf8sesl on investments 176,295 384 27,483 203,778 Net Incomellexpendlturn) Tran8for8 betw•en fund• 176,679 15,000 27,483 {15,000) 204,162 15 Net movement In funds 191,679 12,483 204,162 R•¢onclllatlon of fund8 Total funds brought forward 3,907,242 25,325 152,150 4,084,717 Total fund8 carrfed forward 4,098,921 37,808 152,150 4,288.879 Th8 Statement ot financial activiles includes all gains and losses recognised in the year. All incoming resources and resource8 expended derive from continuing activities. The notes on pages 20 to 32 form part of these accounts. 16 Regl8tsred No. 03729909 DUDLEY LODGE (a company Ilmlted by guarantee) BALANCE SHEET As at 31 March 2025 2025 2024 Notes Flxed Assets Tangible assets Investments 10 2,484,374 4,421 2,460.885 4,637 2,488,795 2,465,522 Current assets D8btors Cash at bank and in hand 12 921,335 2,295,601 760,409 2,180,286 3,216,936 2,940,695 Crodltor8: amounts falling due within one year 13 1388,721) 1454,126) N•t ¢urrnnt a880ts 2,828,215 2,488,589 Totsl a880ts1088 current Ilabllltl08 5,317,010 4,952.091 Crodltor8: amounts falling due after more than one year 14 (634,691) (883,212) Net a880ts 4,682,319 4,288,879 Fund• of tho ¢harlty: Unrestricted funds General fund Dèsignated funds R8valuation reserye 15 15 15 1,745,906 2,729,232 2,183 1,408,721 2,687,821 2,379 Total Unrestrict8d Funds Restricted funds Special trust 4,477,301 90,906 114,112 4,098,921 37,808 152,150 15 15 4,682,319 4,288,879 For the year ended 31 March 2025 the company was entitl8d to exempt1on from audit under Section 477 of the Companies Act 2006 relating to small companies but as this company is a charity, it Is subject to audit under th6 Charities Act 2011. Directors,￿rusteeS, responsibilitiés.. The members have not requlred the company to obtain an audit of its accounts for the year in question in accordance with Section 476,. The Directorsrrrusteas acknowledge their responsibilrf(ies for complying with the requirements of the Act with respect to aGcounting records and the preparation of accounts. 17 Registered No. 03729909 DUDLEY LODGE (a company limited by guarantsè) BALANCE SHEEr A8 at 31 March 2025 These financial statements have been prepared in accordance with the provisions applic4ble to companies subject to the small companies, regime. The financlal statsménts were approved by the Board of Dlr8ctorS'￿rU3Iao5, and authorised for issue on 6 November 2025 and signed on its behalf by: PL Mr P R08ch- Chair The notes on pages 20 to 32 fomi part of these accounts. 18 Reglgtered No. 03729909 DUDLEY LODGE la company Ilmlted by guarantee) CASH FLOW STATEMENT A8 at 31 March 2025 2025 2024 Cash flow from oparatlng actlvitle8 Interest paid 19 258.752 145.304) 282,748 146,6581 Not cash flow from opèrntlng activltles 213,448 236,090 Cash flow from Inve8tlng actlvlt188 P8ym8nts to acquirè tangible fixed assets Interest réc8lved {118,892) 48,028 {160,333) 31,438 Not ca8h flow from Invostlng actlvlll08 (70,884) 1128,8951 Cash flow from flnanclng actlvlt198 Repayment of long-term loans Receipt of long-temi Loan 127,269) 123.852} Net c08h flow from flnanclng a¢tlvltlo8 127,269> 123,852) N•t In¢r•a•• In ¢a•h and ¢••h •qulv•l•nts 115,315 83,343 Ca•h and ¢a•h ¢qulval•nts at 1 Aprll 2024 2,180,286 2,096,943 Cash and cash equlvalents at 31 March 2025 2,295,801 2,180,286 Ca8h and cash equlvalents con818t of: Cash at bank and In hand 2,295,601 2,180,286 2,295,601 2,180,286 Cash and cash equlvalents at 31 March 2026 The notés on pages 20 to 32 form part of these accounts. 19 DUDLEY LODGE la company limitsd by guaran￿1 ACCOUNTING POLICIES For th• year ended 31 March 2025 The following accounting policies have been used consistently in dealing with items which are considered material in relation to the charitable company's accounts. General Infomiallon and basls of preparation Dudley Lodg8 is a charity incorporated and limited by guarantee in England I Walas. In th8 6vènt of the charsty béing wound up, the liability in respect of the guarantee 1$ limited to £20 per MeM￿r of th8 charity. Thè add￿sS of the registered office is given in the charity information on page 10 of these financial ststsments. The nature of the charity's operations and principal acts'vities are to provide accommodation to vulnerable children, young people and their parents for the purpose of assessment and support. The charity constitutes a public b8nefit entity as défined by FRS 102. The financial statements have been prepared in accordance with Accounting and Rèporting by Charities.. Statement of Recommended Prath'ce applicable to charities preparing their accounts in accordance with lh8 Financial Reports'ng Standard applicable in the UK and Republic of Ireland IFRS 102} issued in October 2019 the Financial Reporting Standard applicable in the United Kingdom and Republio of Ireland (FRS 102), the Charities Act 2011, the Companies Acl 2006 and UK Generally Accepted. The financlal slatsments are prepared on a going concefn basis under tha hlstorfeal cost convenlon. modified to include certain items at fair value. The financial statements are presentsd in sterling which is th8 functional currency of the charity and rounded to the nearest £1. The 8ignificant accounting pollcies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Income rocognltlon Items of income are recognised and included in the accounts when 811 of the following criteria ar8 met.. the charity has legal entitlement to the fvnds., any Ferformance conditions attached to the item of income have been met or are fully within the control of the charity; there is sufficient certainty that receipt of the income is considéred probable- and the amount can be measured reliably. For legacies, entitlemènt Is taken as the earller of: the date on which the charity is aware that probate has been granted- the estats has been finalised and notification has been made by the executor(s) to the Trust Ihat a distribution will be made., or whén a dlstrfbutlon Is received from the estate. Recelpt of a legacy, In whole or In part, Is only conslderéd probable when the amount can be measured reliably, and the charity has been notified of the executor's intention to make a distribution. Wher8 legacies have been notified to the charity. or the charity is aware of the granting of probate. and th8 criteria for income recognition have not beén mèl. then the legacy is treated as a contingent asset and dlsclosed If material. 20 DUDLEY LODGE (a company limltod by guarantee) ACCOUNTING POLICIES For the year ended 31 March 2025 Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headin98 that aggregate all costs related to the category. Expenditure is recognised where there is a legal or onslrudive obligalion to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. It is categorised under the following headings: Costs of raising funds includes direct costs of fundraising actNities,' Expenditure on charitable activlties comprises those costs incurred by the charity In Ihe delivery of its activities and services for its beneficiaries. It includes both costs that can bè allocated directly to such activities and those costs of an indirect nature necessary to support them- and Other expenditure represents those items not falling into the categories abova. Irrecoverable VAT is charged as an expense against the actlvity for which expenditure arose. Support C08ts allocation Support costs are those that assist the work of the charity but do not directly represent charitabla activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expendrture on the objects of the charity and include project man8g8menl carried out al Headquarters. Where support costs cannot be directly attnbuted to particular headings they have been allocated to cost of rai8ing fund8 and 8xpenditur8 on charitable actlvities on a basis consistent with use of the resources. Fund8 Unrestrlctsd Fund8 Comprises those funds which the DireclorsrrrusteeB are free to use for any purpose in furtherance of the charitabl8 objects. D081gnatod Funds Unrestricted funds include designatsd funds where the DIreCtor8￿rUstee5, at their dlscretion, have created a fund for a sp￿lfi¢ purpose. Re8tr1cted Fund8 Restricted funds comprise those fvnds wh8re the donor has attached restrictions to its application. Spe¢lg1 Tru8t Funds In October 2007, the Dunsmoor charity was wound up and all assets were transferred to Dudley Lodg8 with prior approval from the Charity Commission. Based upon the rgstrictions identified in th8 Dunsmoor charity accounts prior to transfer, the monies received were set up as a Special Trust and restricted funds in Dudley Lodge. On 19 August 2010, Dudley Lodge were granted pemlssion by the Charity Commlssion to use the monies received from the Dunsmoor Charity to contributé to th8 purchase and refvrbishment of a new residential family centre. The Special Trust monies were ordered to be set aside each year for tsn yéars, which Dudley LothJe must invest as a permanent endowment. Further details of each fund are disclosed in note 15. 21 DUDLEY LODGE (a company Ilmlted by guarants•) ACCOUNTING POLICIES For the year ended 31 March 2025 Tangible fixed assets Tangible fixed assets are stated at cost (or deemed costl or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs direcly attributable to making the asset apable of operating as Intsnded. All assets costing more than £1,TrJQ are capitalised. Depreciation of fixed assets is charged by equal in5talments commencing with the year of a¢quisition at rates estimated to write off their cost less any restdu81 value over the expected useful lives as follows.. Fr8èhold land Freehold buildings Leasehold land and buildings Fixtures and fittings Computer equipment 50 years Over the rémaining térm of thè lease 5t0 10 years 3 y6ars Inve$lments Inveslments ar8 r8cognls8d InltSally at falr value whlch 1$ normally the transa￿lon price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in 'net gains I {losses) on investmenls, in the Statement of Financial Activities if the shares are publicly traded or Ihalr fair value can otherwise be measured reliably. Other investments are m8asur8d at cost less impairment. Debtors and crodftor8 recelvablo I payablo wlthln ono year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impaimient are recognised in exp8nditur8. Operatlng loa808 Rentals payable under operating leases are charged to the Statement of Financial Activities over the period of the lease. Loan8 and borrowing$ Loans and borrowings are InltSally recognSs8d at Ihe tran$a¢tion price in¢ludlng transaction costs. Subsequently, th8y aré measured at amortised cost uslng the effective interest rate method, less impainnent. If an arrangement constitutes a flnance tran8actlon It Is measured at present value. Pen8lon8 Employees of the charity are eligible for automatic enrolment in the company's defined contribution penslon scheme. The contributions charged to the Statement of Financial Actwits'es are disclosed in note 6 lo the accounts. There were outstanding contributions of £nil included within other creditors at the year end. Golng ¢on¢ern The financial statements have been prepared on a golng concern basis as th8 Trustees b81iev8 that no material uncertalnties exlsl. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhonsing these financial statements. The budgeted income and expenditure is suffirient with the level of reserves for the charrty lo be able to continue as going concern. 22 DUDLEY LODGE (a company limited by guarantee) ACCOUNTING POLICIES For the year endad 31 March 2028 Finaneial instrumants Financial a68et8 Basic financial assets, including trade and other re￿1vable$, cash and bank balances are initially reccMJnised at transaction pri￿. Other ffinancial assets. including investments in equity instruments and which are not subsidiaries. associaies or joint venturés, are initially measured at fair valué whlch is nomally transaction prlcè. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit and loss. Flnanelal Ilablllt108 Baslc financial liabilities. including trade and other payables. and bank loans that are classified as debt are initially recognised at transaction prlce. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. 23 DUDLEY LODGE (a company Ilmlted by guarantse) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 Donatlons and legacles 2025 2024 Donations 145,448 25,746 Bélow Is a list of donations received that are classified within restrictsd income during the financial year.. 2026 The 29th May 1961 Charity Baron Davenport's Charity Lillie Johnson Ghantable Trust The Eveson Trust St. Barbaras Church General Charity {Coventy) Millies Wath Charity of Elizabeth Swillington The Alan Edward H￿9$ Charity Earlsdon Methodist Church Warwick Road United Reform Church Other Donations 110,000 1,000 1,000 4,560 235 5,000 5,iJoo 5.000 13,Ix)O 100 350 201 145,448 Inv•8lm•nt Ineom• 2026 2024 Ll$led investments Other interest recewable 126 48,028 124 31,438 48,154 31,562 Income from charftable actfvltlej 2025 2024 Residential assessment charges Other seNlces National Lottery Community Fund grant The Eveson Trust grant 5,148,836 747,260 73,132 4,702,805 414,978 83,107 12.000 5.969,228 5,212,890 24 DUDLEY LODGE (a company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS For thè year ended 31 March 2026 Expendlture on ralslng funds 2025 2024 Fundralsing costs Charftablo actlvltlo8 - famlly care, as8088ment and support 2025 2024 Costs dlrgctly allocated to actlvllles Staff costs {including ancillary costs) Staff training Premises ¢osts Security Household expenses Loan interest Depr8ciation 4,038,171 56.419 468,152 11,955 78,807 45,304 85,882 3,426,132 67,542 500.265 1.910 73.009 46,658 79,772 4,784,670 4,195,288 Support co8t8 Stsff costs (including anclllary c08ts) Office costs Other exp8ns88 Depreciation Audit and accountancy Other governance costs - Director￿rustee training etc 869,188 35,613 25e,946 9,540 11,956 1,259 534,018 72,904 237,729 9,198 11,387 5,896 984,502 871,132 5,769,172 5,068,420 25 DUDLEY LODGE {a company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 2025 2024 Staff c08ts Wages and salaries Social security costs Pension costs Other employee benefits 3,682,170 3.315,530 347,078 3C6,530 151,760 136,917 526,351 201,173 4,707,359 3,960.150 The number of hlgher pald employe8s was.. Taxable emoluments band £80,001- £70,000 Taxable emoluments band £70,001- £80.000 Taxable emoluments band £80,001- £90,000 Taxable emoluments band £100,001- £110,000 Number Number The average number of employees analysed by function was: . Provi56on of family care and assessment Support 129 17 118 15 146 133 Full time equivalent 106 98 Key Management Pernonnol Isenlor management> remuneratlon There are four members of the senior management team 12024: four) and their aggregated remun8ratlon In r8sp8Ct of qualifying services was.. 2025 2024 Remuneration and benefits incl￿J1ng employers NIC Pension 376,886 16,482 367,114 15,855 393,368 382,969 Dlre¢torn'lTru8tses' remuneratlon No DireCtOrs￿rUste8S received any remuneration for the Current or preceding year. howev8r £86 was paKi to 1 DireCtor￿ruStee as expenses {2024.' £528 paid to 5 DIreCtors￿ruste88). 2028 2024 Net Incornlng l (outgolng) resources This is stated after charging.. Auditors remuneration- audit Al￿￿or8 remuneration - other services Depreciation 9,(M)O 10,826 95,403 8,500 14,274 88,970 26 DUDLEY LODGE la company limitad by guaranteal NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 Taxation As a charitable company, Dudley Lodge is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or S256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable obj'ects. No tax charg8s hav& aris8n in the charitable company. 10 Flxed assets Computer8, flxture8 and fltting8 Freehold premlses Loasehold premises Total C08t 1 April 2024 Additions Disposals 2,053,114 89,931 505,896 679,912 28,961 3,238,922 118,892 31 March 2025 2,143.045 505,898 708,873 3,357,814 Depre¢latlon 1 April 2024 Charge for year Ellminated on disposal 217,238 39,830 147,411 9,517 413,388 46,056 778.037 95,403 31 March 2025 257,088 156,928 459,444 873,440 Net book valuo 31 March 2025 1,885,977 348,9S8 249,429 2,484,374 31 March 2024 1,835,876 358,485 266,524 2,460,885 Included in freehold premise8 is land valued at £86,120 whlch Is not depreciated. Leasehold p￿rni$8$ wer8 acqulred on 3 March 2010 and comprised a 54-year occupational lease of Bonner House, this lease was extended on 27 January 2017 to a 125-yèar18ase from that date. 11 Flxed a55et Inv08tments 1 April 2024 Net gains l (losses) on revaluatlon at 31 March 2025 4.637 {2161 Market value at 31 March 2025 4,421 Historical cost at 31 March 2025 2,258 Investrnents consist of.. Charits'es Official Investment Fund 4,421 27 DUDLEY LODGE (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 2025 2024 12 Debtors Debtors- accommodation charges Prepayments and accrued income 673,394 247,941 627,679 132,730 921,335 760,409 2025 2024 13 Credltors: amounts falling due within one year Bank loan (see note 14) Trad8 creditors Accruals Tax and soc581 securty Other creditors 27.426 124,341 128.443 81.177 27.334 26,174 126,555 115.472 158.497 27,428 388,721 454,126 2025 2024 14 Credltorn: Amounts falling due after more than one year Bank loan 634,691 863,212 The bank loan for Bonner House, is secured by a legal charge over freehold propety, and is repayable by monthly instalments. Inter8St is being charged at 3.26Yo over Lloyds Bank plc Base Rats. Full settlement of this loan was made on 6 June 2025. In the current year a bank loan was obt8ined for the purcha8e of 96 Tettenhall Road, thls 18 Secured by a légal charge over freehold propety, and is repayable by monthly instalments. A fixed interest rate is b61ng chargèd al 6.51%. A part-settlement In the amount of £250,000 was made on 171 Septembér 2025 Amounts falllng due on the bank loan 8r8 as foll¢)WS'. 2025 2024 In one year or less {note 13) Belweon one and y88rs Be￿een and five years Over five years 27,426 28,761 95.220 510,710 26,174 27,426 90,652 545,134 662,117 689,386 28 DUDLEY LODGE (a company Ilmlted by guarantse) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 15 Analysls of charitable funds Balance 31 March 2024 Balan¢0 31 March 2025 Incoming Resource8 Gain81 Resource8 Expended Transfers {Losso8) Unrestricted fijnd D8signatsd funds: Fixed Asset Fund 2,460,885 Capitsl Building Fund 44,000 Hurdle Support Services: {Inc. The Paul Tudor Fund)182,936 Révaluation Reserve 2,379 R8Strictèd funds: National Lottery Community Fund- RC Midlands Region 28,808 Hurdlè Support SeNices'. (Inc. The Paul Tudor Fund) 9,000 Speclal Trust Fund 152,150 1,408.721 5,909,037 {5,526,401) (45,451) 1.745,906 23,489 (44,000) 2.484,374 1,880 (56,958) 117,000 244.858 2,163 {216) 73,132 (84.366) 17.574 178,779 (101,447) {13,000) (38,038) 73,332 114,112 4,288,879 6,162,828 15,769,172) 1216} 4,682,319 Unrostrlcted Fund• The 'freè reserves" which are available to be spant on the purposes of the charity. De81gnated funds Fixed Asset Fund is the valu8 of unrestricted funds represented by the tangible fixed assets ownéd by the charity. These are used for operational purposes and have been excluded from 'free reserves, under Charlty Commission guidelines. Capital Bullding Fund represents the amount s8t a8lde by the Dire¢torslTrustses to create additional space and to expand operational facilities. Hurdle Support SeNices (Inc. The Paul Tudor Fund) are funds committed to 8UPPOrt the Hurdle SeNi¢e which is aimed at helping parents who are at risk of losing their children to the care systsm or who have already lost th8lr children to the care 8ySt8m. Revaluation Reserve Fund is required by the c(￿panIeS Act and represents the amount by which investsments exce8d their historical cost. Restrlcted fund8 The Restricted Fund represents monies recèlved from The National Lottery Community Fund - RC Midlands Region programm8. These funds will as8lSt with the provision of the Hurdle community Support service. Hurdle Support Services Ilno. The Paul Tudor Fund) are frjnds committed lo support the Hurdle Service which is aimed at helping parents who are at risk of losing their children to the care system or who have already lost their children to the care system. 29 DUDLEY LODGE (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year endod 31 March 2026 15 Analy818 of charltable funds (Contlnued Spècial Trust Fund - Dun8moor Fund On 19 August 2010, Dudley Lodgè w8ré grantèd p8miission by the Charity Commission to use pemianent endowment monies, received from the Dunsmoor Charity in Octobèr 2007, to contribute to the purchase and refurbishmènt of a new residential family ￿ntre. Under the Charity Commission recoupmént ordér made 8t that time, £15,215 had to be repaid to the fund each year for the next ten years to replace the money usèd. Interest received, which is below £5C(I, has been recorded in unrestri¢téd fijnds and was fully sFent on famlly activities. On 9 May 2024, the B08rd resolved to use £38,000 {25%1 of th8 Dunsmoor Fund to contributs to the upgrading of the Coventry residential family centre. This will be repayable over a 5-year period commencing 31 March 2026. 16 Analy818 of net a88et8 botweon fund$ Unro$trl¢ted Re8trlctod Speclal Trust Total Fund balances at 31 March 2025 are represented by- Tangible fixed a8s8tS Investments Cash at bank and in hand Other net assets 2,484,374 4,421 2,090.583 (102,0771 2,484,374 4,421 2,295,601 1102.077) 90,908 114,112 4,477,301 90,906 114,112 4,682,319 17 Operatlng l?a8e commltments Tat81 future minimum lease payments under non-cancellable operating leases are as follows: Land and Bulldlng8 2025 2024 Within one year One to five years More than five year8 7,500 30,000 2,356,982 7.500 30.000 2,364.482 Offl¢o Equlpmont 2026 2024 Within one year One to five years 1.896 423 2.554 2.319 18 Capltal comrnltments 2025 2024 Contrathd but not provided for in the financial ststements 30 DUDLEY LODGE (a company Ilmlted by guaranteo NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 19 Cash flow from operatlng actlvltle8 2025 2024 Net movement in funds Depreciation Interest paid Interest received Lossesl(gains) in investrnènts De￿eaS￿lincr9a59) in debtors Increasel{de¢rease) in creditor8 393,440 95,403 45,304 {48,028) 216 (160.926) {66.657) 189,162 88,970 46,658 131,438} {384} 52,377 (62,597) 258,752 282,748 20 Ultlmate controlllng party Th8 Charity 16 under the control of Its Board of Directorsrrrust888 throughout the current and preceding year. 21 Related party transactlons There are no related party transactions durfng the period {2024'. £nlll. 22 Pen81on8 and othèr po8t.r•tlremont boneflts Defined contribution pension plans The charlty operateg a defined contribution p8nslon plan for its employee8. The amount recognised as an expense in the period was £151,76012024'. £136,917). The defined contrfbutlon Ilablllty Is allocatsd to unrestricted funds. 31 DUDLEY LODGE (a company limited by guarantse) NOTES TO THE FINANCIAL STATEMENTS For the yoar endad 31 March 2025 23 Flnanclal Instrument8 The carrying amounts of the charity's financial Instrum8nts are as follows: 2026 2024 Financial assets Measured at fair value through net income l expenditure., Fixed asset listed investsnents (nots 111 4,421 4,637 Debt Instruments measured at amortised cost: D8btors- accommodation charges (nots 12) 673.394 627,679 Flnanclal Ilabillties Measured at amortised cost Bank loans {notes 14} Trad8 creditors (notes 13) Other creditors (not85 13) {662,1161 (124.3411 {27.334} {689,386) {126,555} {27,428) The income, exp8n58s, net galns and n8t108ses attributable to the charity's flnanclal instruments 8r8 summarls8d as follows.. Nèt gains and losses {including changes in falr value) Financial assèts measured at f8ir value through nel Income l expenditure (216) 384 Flnanclal liabilities measured at amortssed cost through net income l expenditur8 145,304) (46,6581 32