Knightswood Care Charity No. 1082006 Company No. 03587073 Trustees, Report and Unaudited Accounts 31 March 2025
Knightswood Care Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Summary Income and Expenditure Account Balance Sheet Statement of Cash flows Notes to the Accounts Detailed Statement of Financial Activities Page I
Knightswood Care Trustees Annual Report The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 03587073 Charlty No. 1082006 Princlpal Office The Knightswood Care Centre Asheldham Hall Farm Hall Road Asheldham Essex CMO 7JF Re8iStered Office Knightswood Day Care Centre Asheldham Hall Farm Hall Road Asheldham, Essex CMO 7JF Directors and Trustees The Directors of the charltable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: J. Band C. Fisher F. Mitchell R.C. Overall S.J. Parson5 S. Pinch (Resigned 12 May 20251 Accountants Shirley Smith & Co Ltd 11 Chandlers Way South Woodharn Ferrers Chelmsford Essex CM3 STB Page 2
Knightswood Care Trustees Annual Report OBJECTIVES AND ACTIVITIES The purpose of the charity as set out in its governing document is to promote, support and advance such charitable institution or institutions or charitable purposes such as the Charity thinks fit for the benef it of the individuals in the Maldon District of Essex or such other areas as the Trustees of the Charity shall determine, To provide a comprehensive range of Day Care services which promote independence, well-being and choice and empower older people to live full and active lives and to reach optimurn levels of good health. To work with partners in the statutory, private and voluntary sector in developing services which meet the needs of older people and their carers. The attached Chairman's Report attached details the challenges and ambition of the trustees. A lar8er charity must provide an explanation of its aims, includin8 details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities... A larger charity must provide an explanation how the achievement of its alrns will further its legal purposes... A larger charity must provide an explanation of its strategies for achieving its stated aims a nd objectives... A larger charity must provide an explanation of its criteria or measures it uses to assess success in the reporting period,.. A larger charity should provide a more detailed explanation of its short-term and long-term aims and objettives... ACHIEVEMENTS AND PERFORMANCE A larger charity must review its charitable activities undertaken, explaining performance achieved against objectives set ... A larger charity must include an explanation when material fu ndraising activities are undertaken, details of the performance achieved against fundraising objectives set ... A larger charity must provide an explanation when material investments are held, details of investment performance achieved against objectives set A larger charity must provide an explanation of any material expenditure occurred to raise income in the future... A larger charity must provide commentary on those significant positive and negative factors within and outside the charity's control which are relevant to the achievement of its objectives PLAN5 FOR FUTURE PERIODS A larger charity must provide a summary of the charity's plans for the future includin8 its aims and objectives and details of any plans to achieve them A larger charity's report should explain the trustees perspective of the future direction of the charity... Signed on behalf of the board F. Mitchell Trustee 26 November 2025 Page 3
Knightswood Care Independent Examiners Report Independent Examiner's Report to the trustees of Knightswood Care I report to the charity trustees on my examination of the financial statements of Knightswood Care for the year ended 31 March 2025. Responslbilities and basis of report As the charity's trustees of the company land also its directors for the purposes of company law} you are responsible for the preparation of the f inancial statements in accordance with the requirements of the Companies Act 20061'the 2006 Act. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of vour charity's financial statements as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act, Independent examiner's statement As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualif led to undertake the examination because l am member of Association of Accounting Technicians, which is one of the listed bodies. I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept In accordance with section 386 of the 2006 Act , or the f inancial statements do not accord with those records; or the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination; or the f inancial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102), I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understandin8 of the financial statements to be reached. Oaniel Baxter Association of Accounting Technicians Shirley Smith & Co Ltd 11 Chandlers Wav South Woodham Ferrers Chelmsford Essex CM3 5TB 26 November 2025 Page 4
Knightswood Care Statement of Financial Activities for the year ended 31 March 2025 Unrestricted funds Total funds Total funds 2025 2025 2024 Notes Income and endowments Donations and legacies Charitable activities Other trading activities 97,899 177,306 277,052 97,899 177,306 277,052 190,201 103,486 178,818 Total 552,257 552,257 472,505 Expenditure on: Charitable activities Other 45,678 415,788 45,678 415,788 38,627 420,259 Total 461.466 461,466 458,886 Net gains on investments Net income 90,791 90,791 13,619 Transfers between funds Net income before other gains/(losses) 90,791 90,791 13,619 Other gains and losses Net movement in funds 90,791 90,791 13,619 Reconciliation of funds: Total funds brought forward 136,0251 {36,025} 149,6441 Total funds carrled forward 54,766 54,766 {36,0251 Page 5
Knightswood Care Summary Income and Expenditure Account for the year ended 31 March 2025 2025 2024 Income 552,257 472,505 Gross income for the year Expenditure 552,257 472,505 444,774 417,159 Depreciation and charges for impairment of fixed assets 16,692 41.727 Total expenditure for the year Net income before tax for the year 461,466 458,886 90,791 13,619 Net income for the year 90,791 13,619 Page 6
Knightswood Care Balance Sheet at 31 March 2025 Company No. 03587073 Notes 2025 2024 Fixed assets Tangible assets li 43,342 43,342 59,173 59,173 Current assets Stocks Debtors Cash at bank and in hand 12 150 52.841 89,333 142,324 123,8641 118,460 150 25,142 2,098 27,390 115,5521 11,838 13 Credltors: Amount fallin8 due within one year Net current assets 14 Total assets less current liabilitles 161,802 71,011 Creditors: Amounts falling due after more than one year Net assets/(Ilabllities) excluding penslon asset or liabillty 15 1107,0361 54,766 1107,0361 136,0251 Total net assets/(liabilities) 54,766 136,0251 The funds of the charity Restricted funds Unrestricted funds General funds 16 16 54,766 136,0251 136,0251 54,766 Reserves 16 Total funds 54,766 136,0251 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Att 2006 relating to small companies. For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The direttors acknowledge their responsibilities for complying with the requirements of the Companies Act 2C(16 with respect to accounting record5 and the preparation of accounts. Approved by the board on 26 November 2025 And signed on its behalf by: F. Mitchell Trustee 26 November 2025 Page 7
Kni8htswood Care Statement of Cash flows for the year ended 31 March 2025 2025 2024 Cash flows from operating activities Net income per Statement of Financial Activities 90,791 13,619 Adjustments for: Depreciation of property, plant and equipment Loss on disposal of tangible fixed assets Increase in trade and other receivables Increase/lDecreasel in trade and other payables 16,692 40,684 1,043 (11,7641 (4,774} 127,6991 1,982 Net cash provided by operating activities 81,766 38,808 Cash flows from investlng activities Payments for property, plant and equipment 1861} 137,6161 Net cash used in investing activities 18611 136,3961 Cash flows from financlng activitles Repayment of borrowings 16,0001 6,000 Net cash (used in)/f rom flnancin8 actlvitles 16,0001 6,000 Net Increase In cash and cash equivalents 74,905 8,412 Cash and cash equivalents at the beginnin8 of the year 2,098 8,494 Cash and cash equivalents at the end of the year 77,C(13 16,906 Components of cash and cash equlvalents Cash and bank balances 89,333 2,098 89,333 2,098 Page 8
Knightswood Care Notes to the Accounts for the year ended 31 March 2025 l Accounting policies Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 2015) {Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Change in basis of accounting or to prevlous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are u nrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or th rough terms of an appeal. Designated funds Revaluation fu nd5 Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities {SoFAI when the charitv becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliabilitv. Income with related Where income has related expenditure the income and related expenditure is expenditure reported 8ross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts giftldonation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benef it to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gainslllosse51 on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/llosses) on investment assets This includes any gain or loss on the sale of investments. Page 9
Knightswood Care Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs, All grant expenditure is accounted for on an attual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any auditlindependent examination fees, costs linked to the strategic management of the Charity. tO8ether with a share of other administration costs. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxation The charity is exempt f rom corporation tax on its charitable activities. Tangible fixed assets and depreciation Depreciation is provided at the following annual rates in order to write off each asset over its estimated usef ul life.. Leasehold propertv 14.3% Straight line 25% Reducing balance and 1/5 Straight line Plant and Machinery Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown with in borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Page 10
Knightswood Care Notes to the Accounts Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Penslon costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Recelpt of donated goods, facilities and servlces All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 2 Company status The company is a private company limited by guarantee and consequently does not have share capital. 3 Statement of Flnancial Actlvltles - prior year Unrestricted funds Total funds 2024 2024 Income and endowments from: Donations and legacies Charitable activities Other trading activitles Total 190,201 103,486 178,818 190,201 103,486 178,818 472,505 472,505 Expendlture on: Charitable activities 38,627 38,627 420,259 Other 420,259 Total 458,886 458,886 Net income 13,619 13,619 Net income before other gains/llosses) Other gains and losses: Net movement in funds 13,619 13,619 13,619 13,619 Reconciliation of funds: Total funds brought forward Total funds carried forward 149.6441 136,0251 {49,6441 (36,025} Page 11
Knightswood Care Notes to the Account5 8 Other expenditure Unrestricted Total Total 2025 2024 40 Employee costs Motor and travel costs 298,917 12,963 61,938 298,917 12,963 61,938 293,828 13,786 51,564 Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of f ixed assets General administrative costs Legal and professional costs 16,692 16,692 41,727 12.122 12,122 13,116 415,788 6,734 12,620 420,259 13,116 415,788 9 Net income before transfers 2025 2024 This is stated after charging: Depreciation of owned fixed assets 10 Staff costs 16,692 40,684 2025 295,267 3,650 298,917 2024 290,249 3,579 293,828 Salaries and wages Pension costs No employee received emoluments in excess of £60.000. 11 Tan8ible flxed assets Land and buildings Plant and Machinery Total Cost or revaluation At l April 2024 Additions At 31 March 2025 Depreclatlon and impairment At l April 2024 Depreciation charge for the year At 31 March 2025 140,000 171,892 861 311,892 861 140,000 172,753 312,753 140,000 112,719 252,719 16,692 16,692 140,000 129,411 269,411 Net book values At 31 March 2025 At 31 March 2024 43,342 59,173 43,342 59,173 Page 13
Knightswood Care Notes to the Accounts 4 Income from donations and legacies Unrestricted Total Total 2025 2024 Donations and grants 97,899 97,899 97,899 97,899 190,201 190,201 5 Income from charitable activlties Unrestricted Total Total 2025 2024 Income from charttable events 177.306 177,306 103,486 177,306 177,306 103,486 6 Income from other trading activitles Unrestricted Total Total 2025 2024 Trading and rental Income 277,052 277,052 277,052 277,052 178,818 178,818 7 Expendlture on charitable actlvltles Unrestrlcted Total Total 2025 2024 Expenditure on charitable activities Income from charitable 38,627 events 45,678 45,678 Governonce costs 45,678 45,678 38,627 Page 12
Knightswood Care Notes to the Accounts 17 Analysis of net assets between funds Unrestricted funds Restricted funds Total Fixed assets Net current assets 43,342 32,057 43,342 118,460 86,403 Creditors due in more than one year and provisions 1107,036) 1107,0361 {31,637} 86,403 54,766 18 Reconclllatlon of net debt At31 March 2025 At l April 2024 Cash flows Cash and cash equivalents 2,098 2,098 87,235 87,235 89,333 89,333 Bank loans 16,0001 {6,0001 6,000 6.000 Nel debt 13,9021 93,235 89,333 19 Commitments Operating lease commitments Annual commitments under non-cancellable operating leases are as follows: 2025 Land and buildings 2025 2024 2024 Other Land and buildings Other Operating leases with expiry date: Pension commltments 2025 2024 The pension cost charge to the company amounted to: 3,650 3,579 20 Related party disclosures Controlling porty Page 15
Knightswood Care Notes to the Accounts 12 Stocks 2025 2024 Finished goods 150 150 150 150 13 Debtors 2025 2024 Trade debtors Prepayments and accrued income 48,651 4.190 52,841 19,734 5,408 25,142 14 Creditors.. amounts fallin8 due within one year 2025 2024 Bank loans and overdrafts Trade creditors Other taxes and social security Accruals 6,000 3,239 3,858 2.455 15,552 6,149 2,930 14,785 23,864 15 Creditors: amounts fallin8 due after more than one year 2025 2024 Other creditors 107.036 107.036 107,036 107,036 16 Movement In funds Incomlng resources lincludin8 other At l April gainsllosses 2024 At31 March 2025 Resources expended Restricted funds: Unrestricted funds: General funds 136,0251 552,257 1461,4661 54,766 Total funds 136,0251 552,257 1461,4661 54,766 Page 14
Knightswood Care Detailed Statement of Financial Activities for the year ended 31 March 2025 Unrestricted funds Total funds 2025 2025 Total funds 2024 Income and endowments from: Donations and legacies Donations and grants 97,899 97,899 97,899 97,899 190,201 190,201 Charitable activities Income from charitable events 177,306 177,306 177.306 177,306 103,486 103,486 Other trading activities Trading and rental income 277,052 277,052 277,052 277.052 178,818 178,818 Total income and endowments 552,257 552,257 472,505 Expenditure on: Charitable activities Income from charitable events 45,678 45,678 45,678 45,678 38,627 38,627 Total of expendlture on charltable activities 45,678 45,678 38,627 Other expenditure 40 40 40 40 Employee costs Salarieslwages Pension costs 295,267 3,650 298,917 295,267 3,650 298,917 290,249 3,579 293,828 Motor and travel costs Vehicles - General costs Travel and su bsistence 12,934 29 12,963 12,934 29 13,547 239 12,963 13,786 Premises costs Rent 31,700 1,257 7,496 21,485 61,938 31,700 1,257 7,496 21,485 61,938 29,974 Rates Light, heat and power Other premises costs 3,120 18,470 51,564 General administrative costs, including depreciation and amortisation Depreciation of land and buildings 20,000 Page 16
Knightswood Care Detailed Statement of Financial Actlvities Depreciation of Plant and Machinery Loss on disposal of tangible fixed assets 16,692 16,692 20,684 1,043 Bank charges General insurances Stationery and printing Sundry expenses Telephone, fax and broadband 801 1.234 1,211 1,765 7,111 28,814 801 1,234 1,211 1,765 7,111 28,814 840 1,092 841 246 3,715 48,461 Legal and professional costs Auditllndependent examination fees Other legal and professional costs 2,496 2,496 2,400 10,620 10,620 10,220 13,116 13,116 12,620 Total of expenditure of other costs Total expendlture Net gains on investments 415,788 415,788 420,259 461,466 461,466 458,886 90,791 90,791 13,619 Net Income Net Income before other 8alnsl(losses) Other Gains 90,791 90,791 13,619 Net movement In funds 90,791 90,791 13,619 Reconcillation of funds: Total funds brought forward 136,0251 136,0251 149,6441 Total funds carrled forward 54,766 54.766 (36,0251 Page 17
Annual Re ort for Kni htswood Care ril 2024- 31 March 2025 This financial year saw the imposition of a series of changes to senior management rolls and fee increases to clients both of which were essential to ensure fiscal stability of the charity and reduce our reliance on grants. At the beginning of the financial year, we saw an increase in the minimum wage in 2024 and an indication of a further rise in 2025 coupled with increased employer contributions. These have been signifi'cant financial burdens which had to be met and hence measures outlined above became essential. To assist Knightswood we recruited an additional Trustee and continue to look to strengthen the Board with the right mix of skills to ensure that Knightswood management is well supported. The new operations manager worked with a trustee to assess all the charity's out8oin8S checking we were obtaining the best service from any provider and there was no overlap in those services. By consistently reviewing all services/insurances as they came up for renewal throughout the year and detailed review of all outgoings, savings were made and procedures put in place to ensure sound housekeeping. As the year progressed it became apparent that all the changes made had improved our financial situation and we did not have to seek any further relief funds and would be in a position to meet the financial obligations both in 2024 and 2025. Both Knightswood staff and trustees continued to fund raise through various events. In particular the Wannebees group givin8 of their time freely to provide musical evening and dancing on 2 occasions. As in previous years we worked with Burnham Rotary providing refreshment support to sponsored walks and the fun run. As a result of our interaction with Rotary they invited Knightswood to become a corporate member which were pleased to accept and we remain grateful for their continued support. The trustees arranged and ran a charity ball at the Royal Corinthian yacht club; this allowed the board to recognise those firms/individuals who provide regular financial support throughout the year. It also gave an opportunity to publicise Knightswood to the wider local community. The event was very well supported and it was clear how important the Centre was to the wider community. We have also been assisted by other groups and corporate bodies; the Lions club offered asslstance, Ford Motor group sent a team who kindly decorated areas of the centre and Blackwater Quay ran a sponsored raft race. There are also many families who have remembered Knightswood and donated generously. We were also presented with a substantial cheque from Burham rugby club following their Christmas sleigh run in the community. We are thankful for the kindness and generosity of groups and individuals alike. Considering the fund raising and donations we have put in place a separate account so that
those funds are specifically used for the purchase of new equipment or improvement of facilities to directly benefit the clients. The hub, a satellite meeting place for socially isolated groups who are not yet ready for daily care, has continued to grow. Running clubs for those living with dementia and their carers, men's clubs, and general clubs. The hub started to work in tandem with a local church committee as they are able to direct clients to us and vice versa. We are grateful for the support for this service from the national lottery. During the course of the year Charity met with Essex social services as they were interested in what services we provided. We were able to tell them we provided care from initial stages of help being required through to full daily supportive care. As a result of this meeting, we are pleased to work with Essex social services more closely to improve care of individuals in our community and keep them living independently in their own homes longer. We have made improvements to our specialised dementia unit, Me, Myself and I, creating a lighter larger space and also a small enclosed outside space and seating. Similarly for the day care centre the garden has been much improved, non-slip pathways laid, fencing replaced, raised beds and seating repaired and pargetted plaque made. We are also grateful to a local ladies Bridge group for their continued enthusiastic planting and maintenance of the garden. In summary the year began with some significant linancial challenges but through proper due diligence with all outgoings and careful planning we are in a better position. We consider this has safeguarded the charity for the community and improved the services which we provide. It has also given us the confidence to future plan possible new services should they be required. Signed on behalf of the board 26 November 2025 F Mitchell - Trustee