REGisfERED COMPANY NUMBER: 039578(12 (EngiaDd and W*l¢¥) REGisfERED CHARrrY NUMBER: 10841)04 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL sfATEMEIY13 FOR THE YEAR ENDED 31 MARCH 2025 FOR ALPHA CARE SPECIALISTS LTD FKCA Lirnited 260- 270 Butterfield Great MaTlitigs Luton Bedfordshire LU2 8DL
ALPHA CARE SPECIALISTS LTD CONTENTS OF THE FINANCIAL STATEMENrs for tbe Year Ended 31 MARCH 2025 Page Referenee and AdJDilliStrtivt Details Report ofthe Trusttt 2 to 6 Independent Examiner'y Report Statement of Finnci41 A¢tiviti¢$ Balance Sheet 9 to 10 Cash Flow Statement Notes to the C•sh Flow Ststem¢nt 12 Notej to the Finaneial Statements 13 to 20
ALPHA CARE SPECIALISI8 LTD REFERENCE AND ADMINISTRATIVE DETAILS for tbe Year Ended 31 MARCH 2Q25 TRUSTEES Ms R Andreaou Mrm T Marknu Ms L Pilavakis (resigned 31.3.25) Mr S Soterio Ms P Worrall (resigned 28.6.24) COMPA14Y SECRETARY Mrs S L Collin5 REGisfERED OFblCE Community Ho 311 Fore Street LATrndon N9 OPZ REGisfERED COMPANY NUMBER 03957802 {En8land and Wales) REGISTERED CHARITY NUMBER 1084004 INDEPENDENT EXAMINER FKCA Limited 260- 270 Butterfield Great NIarlin Luton Bedfordshire LU2 8DL SOUaTORS Interface Legal Advisory Service 40 Wyk¢ham Road London NW4 2SU BANKERS Unity Trust Bank 4 Brindleypla¢e Birn)ingham BI 2HB Pa8e I
ALPHA CARE SPECIALISTS LTD (REGISTERED NUMBER: 03957802) REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2025 The Int¢¢$ wh(Tr are also directors of the charity for The purposes of the Compani¢s Act 2006, present their report with tbe finanriai statements of th¢ ¢h2rity for the year ended 31 March 2025. The trustee5 have adopted the provisions of AOUnting and Reportin8 by Charitie5'. Ststemetht of Re¢omm¢nd¢d Pra¢ti¢e applicable to Charities prerIng their accounts in accordance with the Financiol Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effe¢tive l JaDuary 20191. OBJECTIVES AND ACTIVITIES Objectives and iths The objective5 of the charity are: The promotion of health and the relief of sicknes5 predominantly amongst DMberS of the Greek and Greek Cypriot community particularly but not exclusively Greek and Greek Cypriot wome The promotion of public education in Grttk and Gr¢¢k Cyprio¢ culture The charity has the general aim of contributing to th¢ quality of lifr of the people the London Borough of Ertfield and wider area by expanding their horizons through the provision of exciting. ¢hallenging and acce55ible proftS5ional sernices. The main objertive for the y¢ar is to continue to sustsin the serYi¢es Currently offered by the Charity and to iThcre&se s¢rvi¢¢ provision and to maintain Ihe growth of the Homecare Service, this servi¢e f8¢ilitates people being able to eontinue living ID their own bomes. The strategies employed to achieve the charity'5 objectives include: Provtding space for giving advice, infonnation and educatio Establishin8 and develop contact5 between similar community. Yoluntsry and ststutory IK)dies, Pmmoting and developing the welfare and prosperity of members of the c¥)mmunity, Procuring contribution5 to thc company by personal or written app¢a15, public meetings or in other ways, Collecting and to make available inforniation about iS5ue5 concerning the objects of the company and to ex¢hange infomiation Mith other bodi¢s having similar objectives wh¢th¢r in Great Britoin or overseas, Prtscuring Writing, printin& publishit)& issuitsg and ¢ir¢ulatiDg $u¢h newsletters, papers. bwks. periodica15 and pamphlets or other documents films, recorded tapes. or other mvdns of reeordin8 inforn)ation as will help a¢hi¢ve th¢ obj¢¢ts of th¢ ¢ompany, either free or charging for then The major areas of activity are.. Key Strategic Plonning, Social Activities, Homecare. Inforniation and Advice. Counselling, Home from Hospitsl Service & Supp)rting Community Recover, Wellbeing ¢v¢nts, Resear¢h and In-hou Training. Slgnlfie*Dt aetfvttles Over the years we have seen a steady groth in the Hom¢¢are Servi¢e that w¢ provide, this year has again seen a 5tsble number of Personal C8r¢ Assistanls. We have reviewed our Service Charges with a small inereas¢ to MMence in JaTLuary 2024. 11 is imptsrtant thot lh¢ Hom¢¢are S¢tvi¢¢ make$ money as this goes iowords SUPPOTting various other 5ervice5. We are always l(K)kittg at ways w ¢ruit Personal Care Assistants, which Can be ¢lwllenging. Thi5 issue is b¢ing seen across the Care sector. Our Current CEO is Stephanie Collins wa5 appointed in August 2021. Stephani¢ 15 a former emptoyce and Trustee and has iherefore been involved with the Organisation for many years. Our Hom¢care Managcr Antonia Kai5haris was approved by CQC &8 the new Re8iStered Manager in 2023. Pag¢ 2
AITrHA CARE SPECIALISTS LTD (REGISTERED IYUMBER: 0395781)2) REPORT OF THE TRUSTEES for the Yelr Ended 31 MARCH 21125 OWEcfivES AND ACTIVITIES The Homecare Servic. is an ¢x¢¢llent and very highly recomtn¢nded s¢rvi¢¢, it ¢ontinues to be th¢ main sour¢¢ of UDf¢stricted ineome for the organimtion. Any profit mad¢ throu8h this service goes towards wv¢riTh8 costs for other services such as the Let's Tlk Senle< InforntiOn & Advice HDd Well belllg events. W¢ will be applyiti¥ for small grants to fi]nd Well Being activities at Commwiity House which we did 2024 along with a Su¢¢¢ssfui Older Persons Chrislmas event. In May 2025 the T•k¢ Home & Settk Strwice and Iyew Hom¢ from Ho8Pltal Services ended a8 th¢ Contract wtth Enfield Council came to an end. W¢ sre$slIY tendered for the New Home from H05Pltai and Sup)rtIng Community R¢¢overy Lot 5 from Enfjeld Council which Commenc in Jun¢ 2025, this is fiLThdcd by the NCL and ICB Enfjeld. WellbeiDg Events- we have made 2 Conse¢1Ve funding applieations to continue these events both of whi¢h have been suce£55ful. The futtders were Local Motion and Merkdian WerS Community Chest grant which will njn wiiil March 2026. ACHIEVEMENTS AND PERFORMANCE Chritble ¢ilvltks The net incoming resource5 for the year amounted to £793,552. Of this £68.001 relate5 to r¢stri¢t¢d projects and £725.551 15 the amount attribulabl¢ to g¢neral reserves. A summary of the work of th¢ charity is Set out above and below. Corporte Activiti Our drop-in e¢ntres were closed during Covid-19 and unfortun8tety, due to stNctural artd manag¢m¢nt changes at Skinner5 Court, we have been unable io go back to U5in8 the facilities there. We have set up monthly wellbeing and artivity days at Community House instead. P¢wsoD¥I Blldgets/Adviee #tsd Informatio Our offices are fully operational Mon - Fri alld our part time advic¢ offi¢¢r is now able to PTovide infomation and advice face to fa¢e. or by phone. We are nSidering looking at a ¢hawn8 )lICY for the Direct Payment system, as this post is nol ¢urTently fundcd. Takt Hozne & Setti¢ Service This se1¢¢ has now finished as a stand alone setwi¢¢ but h&s been integrated into the Home from Hosp1 and Supw)rtin8 Community Recovery setvh¢e &5 of June 2025. IY¢w Home from Hospital Servlee th Supporting Community Recovery This is a new s¢tvirx however we art proud that w¢ have already built up a good pres¢twe in North MiddleX Hospital nd across th¢ GP n¢¢work in Enfield. The NHFH provision is a short4erni servi¢e for Enfield residcnt's aged over 18. this i$ to supw)rt people with low and v¢ry low-level tseeds as id¢ntifi¢d by risk assessment when discharged from ISpital to prevent rethis5ion and to signpN)st residents to other services in the Borough to best suit th¢ir needs. Page 3
ALPHA CARE SPECIALISTS LTD (REGISTERED NUMBER: 03957802) REPORT OF THE TRUSTEES for the Year Ended 31 MAIiCH 21J25 tth's Talk This long standing project provides a Counselling service and is managed by ourof our fully trained psychotherapist and continues to b¢ oversubs¢rib¢d. Sin¢¢ April 2021 the contract sits under MI[ in Enfield and Bamet. Aniony Sigalas gur qualified psyehotherapist for the last 26 years headed up this service. This h&$ supported not just the Greek speaking ¢ommunity in North [K)nd0 but all those residing in the bomugh of Enfi¢ld who may benefit from the Counsellin8 service. Bregk the Cytle- Hot WOTk8 C*fé l am pleased io say ihat we Continue to run a v¢ry successful café for the Drug & Al¢ohol S¢rvi¢es in the Bortsugh. The original site at Claverings Indu5tria] Estate has been sold by Enfield Council. We are being relocat¢d to th¢ Old Magistr&tes Court Houge in Enfield TOWL There has been some upheaval whilst the building is being renovated and there ar¢ plans to put a pem)anent Cafe on site which is due to be completed in 2026. In the meantime we continue to support the service by preparing food and drink& salw1¢h¢S and frnit and healthy snack5 for 5ervic¢ users to enjoy. Internal gthd external fattors The cost of livirtg ¢risis and atsnual in¢r¢ase in minimum wag¢ {whi¢h we strive to exceed) along with the current Government5 increase in Employer Nl Contribution have irnpacted the Organisation. The organisaiion Continues to plan for any political chatjges by Ikitig at corllmissioning rather than depending on 8rat)ts. It is hoped that eventually the eharity will become sustainable, however there have been & great number of diffi¢ulti¢s in re¢ruiiing staff and in¢r¢asing staff Costs across the board. FINANCIAL REVIEW Finantiil po$itioD Whilst in previous years there been a steady growth in the Hometare S¢rvi¢¢, there havr been on8oin8 recruitment issues in relation to crUitIng new Personal Care Assisthnts. We are coThtinually looking for ways to r¢cnLit stsff how¢Y¢r this has proved more Challenging in th¢ lost y¢ar. W¢ ar¢ man8ng tts inGrease our customers and staff mernber5 to cope with the level of service provision. Unrestricted fund5 are used to pay for salari¢s that ore not wvered by grants and associated business ¢osW this olso ¢nabl¢s the continuation of the holistic 5¢rvice5. such as, the Infornmtion and Advice Service, Irairting and supporL Let's Talk Service and supplements the Cor¢ Servi¢¢$ e.g. the W¢llbein8 days and social activities for our service er9 they are not funded. The end of the year saw a good flnancial result bd on strong financial management and a succ¢$sful year of 5¢TYice5. Costs are mainly contained within budget, regard to noft-matfjh fimding s¢rviE¢s and wntained as agreed by the tn]stees for match funding service5 wherc applicAble. Principal fiding sourtes The Ixsndon Borough of Enfield resource the New Home from Hospital Service. We are also funded via MindEB for th¢ Levs Talk Counselling Setryice. ReryeS policy The Trustees have detemiined to maintsin r¢serv¢s at a level suffi¢i¢nt to enable the charity to continue offering its services for at least Six tnonths should fvnding ¢ease. This is ¢on5hdered 5uffLci¢nt to enable the trustees to source alternative funding. The Tn]stees will also apply the reserves toward5 any exceptiotlal ut)forese¢tJ ¢QSts, in¢luding nding of n¢w s¢rvic¢s, ¢¢ntral development of the charity's management. furnilw¢ andlor equipment and the training and development needs of its staff and volunteers. In the firtur¢, we ¢xp¢¢t that the break the cycle cafe will move and so a fund is being built up for the costs for relocation and to buy new kitchen equiprnent. Pag¢ 4
ALPHA CARE SPECIALlm LTD (REGISTERED NUMBER: 03957802) REPORT OF THE TRusfEES for tbe Year Ended 31 MARCH 2025 FifruRE PLANS t y¢ar the Dir¢¢tor& in ¢onsultation staff were conllnitted to the ¢ontinu¢d growth alhd expansion of the organisation and the services it offers. Therc was sUprt for a pro¢¢s$ of mana8ed growtb ar th¢ impact on th¢ organisatiotL Due to the current worldwide e¢onoTnic hardship is it advisable to ensure that the organisations maintain the current stJ$ quo and ensures thai th¢ of the orgaDi5ation is Anore organi¢ in its approaclL The Dir10T5 and sthff de¢ided that ¢ontinued grnwth w&5 the only way forward by". li) Developing and updating the business plans for each s¢rvi¢¢ ar¢0 to analyse Market p¥)tential and in¢ome opportunities. (li) Review Structu to include commissioning as a stTalegi¢ priority. STRUCTURE, GOVERNANCE AND MANAGEMENT G¢1verni% document The charity is controlled by its governing document, a de£d of trusL and cottstitutes a limi¢¢d ¢ompany, limited by guarante¢, as defined by the Companies Act 2006. Alpha Care Spe¢iali$ts Ltd, which is a company lirnited by guAtant¢e not having a share capita] governed by it's Memorandum and Article5 of A550ciation. i¥hi¢h ¢on be fOd at Companies House. It is registered as a ¢harity with the Chhrity Commission. Anyone over th¢ ag¢ of 18 ¢m become a member of the Charitsble Compalhy which we do Th)t tharg¢ 8 fr¢ for. Retruhment illd PPOiDtment of new trwtees Th¢ organisation is a company limited by guaranie¢ (No. 3957802) governed by its M¢ny)randwn and Articles of Association the trustecs are ele¢ted by th¢ members of the organisatioJJ at the Annual General mectin8. The chair of th¢ trustees is nominated by the trustees at th¢ fw5t trust¢e meeting after the Annual Generdl rn¢¢ting. The trustees have the power to cot p¢r50n$ wilh a particular skill to contribute to th¢ company. c(opled members do not have a vole. All members are ¢iulatl with invitations to nominate thjstees prior to aryl at the AGM requesting nominalioDS for the AGM. OrgthiMtion*l s¢rn¢tyrt The board of Directorsryru5te¢$, whi¢h can have up to nine Directors administers the charity. The board meets every three months and. if applicable, suCon}ltt£cs covering issu¢s may Djeet more regularly. The CEO will provide email updates to ihe Dire¢tors if a meetin¥ is unable to take plaee. A Chief Exe¢utive is appointed by the Dire¢tors to manage th¢ day to day opetations of the Charity- To facilitate effective op¢ration5, the Chief Exc¢•V¢ delegated authoriry, within ienns of delegation approved by the Directors, for Operatitsn matters in¢luding finae, ¢mploym¢t)t and any charity related activities. Indu¢tiotl gDd training of new tru$¢ees All truste¢5 undergo a training day to brief them on their legal obli8atioDs uThJer ¢haTity and cornpany law, th¢ content of the M¢mordndum and Articles of Association. the committee and dwision processes, the busitws plan and re¢ent financial perfornwice of the charity. Trustees are encouraged to attend the AGM and appropriate ¢xtemai training ¢v¢nts where these will fa¢ilithte lh¢ undertaking of their rtsle. On¢ Trustee L.Pilavakis re5ignd during the financial year and we are hoping to rUit further Tru5te¢'s. Risk mAement The DiT¢¢toVs have a risk maDagement strategy which comprises.. - Ath 8t8] review of the risks thc charity may fa¢¢, - Establishment of syst¢ms and procedures to mitigate those risks id¢ntifie - The implementation of pro¢edures designed to minL]nis¢ any potential impact on the charity slK)uld those risks materiaii5e. This w)rk has not identified new risks but it h&q resulted iti prneedures and contingency plans in pl. A key element in the management of fjnancial risk is the setting of a reserves policy and its regular review by Director5. Alpha Cares r¢serves policy is to provide ongoing servi¢¢s for at least 6 months and takes inio a¢¢ouDt ¢ontracts that will end in The next financial year attd provision for redundancies should the need arise. Page 5
ALPHA CARE SPECIALISTS LTD (REGisfERED NUMBER: 03957802) REPORT OF THE TRUSTEES for the Yegr Eded 31 MARCH 2025 This report h&$ been preped in a¢tordan¢e with the special provisions of Part 15 of the Companies Act 2006 relating to small compani¢s. Approved by order of the Ethrd of tntstees on 23 January 2026 and signed on its behalf by.. Ms R Andreou- Trnstee Pa8e 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ALPHA CARE SPECIALISTS LTD IDdependent eiaminer's report to the tnuteu t)f Alph• CT¢ Spetialists Ltd ('tbe Compny') I rq>ort to the ¢h8rity tne¢S on my ¢xaminatiiTrn of the accounts of the Company forth¢ y¢8r ended 31 March 2025. Responsibilities and Si4 of report As th¢ ¢harity's trust¢¢s of the Company (and also its diTlor$ for th¢ purpos¢s of Company law) you are responsible for the preparation of the accounts in ac¢ordan¢e with the requirements of the Companies Act 20061'the 2006 Ace). Having sat15fied myself that th¢ accounts of the Company are not required to be audited und¢r Part 16 of the 2006 Act and ore ¢ligible for independent examination. I T¢rt in respe¢t of my examination of your chariWs accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 A¢fi. In carrying out my &xami10D I h&v¢ followed th¢ Directions given by the Charity Commission under Section 145{51 {b) of the 2011 A¢1. IndeptDd¢Dt 5t8tement Since your charitys gT05S in¢ome ¢xc¢ed¢d £250,000 your ex8mitier must be a member of a listed IM)dy. I can ¢onfJrni that l am qualified to uThdertake tht examillOn because I am a menther of the ID5titute of Chartettd A¢untants ' EngloThd and Wales whith is one of th¢ list¢d ImLeS. I have Completed my examinatioTh. I confirnj that no matters have ¢om¢ to my attention in connection wth the examination giwng me ¢au5¢ tts believe.. ounting records were not k¢pt in resp¢d of the Company as required by Seaion 386 of th¢ 2006 Act; or th¢ a¢¢ounts do not accord with those records,. or th¢ accouttts do not comply with the accounting requiT¢ments of Section 396 of the 2006 Act other 8Dy requirem¢rf that the accounts give a tru¢ alhd fair vi¢w which is not a matter ctsnsid¢red part of an independent examination. or the a¢¢ounts have JM)t been prepared in accordan¢e with the methods and principles of the Statement of Rec4)mmended Prdetice for accounting and reporting by ¢harities {applicable to charities preparing their aOUThts in accordance with the Finan¢ial Reporting stalard applicable in the UK athd Republi¢ of Ir¢18[ (FRS 102)). I hav¢ ¢tsn¢¢m$ have come across other matter5 in ¢onn¢ction with the eMinatiOn to which attention slM)uld be drawn in thi5 report ill order ¢nabl¢ a prop¢r uDderstanding of th¢ a¢¢ounLS to b¢ r¢a¢hed. Miss Tara Aidwin ACA The Instinrte of Chart¢red Acwuntants in England and Wales FKCA Litnited 260- 270 Butterfield Great Marlings Luton Bedfordshire LU2 8DL Page 7
ALPHA CARE SPECIALisfs LTD STATEMENT OF FINANCIAL AcfJviTIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 MARCH 2025 2025 Total fLdS 2024 Total fiwds Unrestrided funds Restricted fU[S Notes INCOME AND ENDOWMENTS FROM Donatioths and legacies 68.000 68,01 64,080 Charitsble 2¢tiwti¢$ N#gator services New home from hospital Lets talk 40,644 130,355 15,209 412.682 69,996 53,404 40,644 130,355 IS,209 412.682 69,996 53,404 37,392 130,355 15,724 451.643 68,438 95,149 Provision for homecare services Tak¢ home and s¢ttle Peer praetitioner Other trading activitiey Inv¢stm¢nt income 4,488 3.110 3,261 3,262 Total 725,551 68,001 793.552 870,379 EXPENDITVRE ON Charhable aetlvhles Navigator service5 New home from hospital L¢ts tslk Provision for homare scrvice5 Br¢ak th¢ ¢y¢l¢ Take home and settle Pe¢r practitioner 34.975 43,293 26,435 514,535 34,975 43.293 26,435 5 14,535 36,365 30,391 16.117 35.310 37.294 28.787 505,539 41,374 86,926 46,332 36,365 30.391 16,117 Tot81 665.746 36,365 702,111 781,562 NET INCOME 59,805 31,636 91,441 88.817 RECONCILIATION OF FUNDS Totsl fijnds brought fotivard 527.933 64,494 592,427 503,610 TOTAL FUNDS CARRIED FORWARD 587.738 96.130 683,868 592,427 The notes forni part of these fUClaI ststements Page 8
ALPHA CARE SPECIALISTS LTD (REGISTERED fiuMBER: I)39578O2) BALANCE SHEET 31 MARCH 2025 2025 Total 2024 Total furtds Unrestrieted fid$ Restricted funds Not¢s FIXED ASSETS Tangible assets 12 2,512 2.512 3,636 CURRENT ASSETS Debtors C&sh at bank 13 36.652 570,888 5,000 91.130 41.652 662,018 77,846 517.924 607,540 96,130 703,670 595,770 CREDTfoRS Amounts falling due within one year 14 (22,314) (22.314) (6.979) NET CURRENf ASSETS 585.226 96,130 681,356 588.791 TOTAL ASSEf6 LE&S CURRENT LIABILITIES 587,738 96,130 683.868 592.427 NET ASSETS 587.738 96,130 683.868 592,427 FUIYDS Unrestri¢ied funds: G¢n¢rai fund R¢stri¢ted funds: Br¢ak the cycle 15 587.738 527.933 96.130 64,494 TOTAL FUNDS 683,868 592,427 The charitable company is entitled to exempti(Trn from audit under Section 477 of th¢ CompaDies Act 2006 for the year ended 31 March 2025. The members hav¢ not required the comp8ny to obtain an Judit of its fllwicial statements for the yew ettded 31 March 2025 in OrdanCe with S¢¢tion 476 of the Compatiies Act 2006. The trustees acknowledge their resp(pnsibtltti¢s for (a) ensurin8 that the charitable company k¢¢ps actountltl8 records that comply with Se¢tion$ 386 8nd 387 of the Cotnpani¢s A¢t 2006 and preparing financiyl Stateme[ which give 8 In and fair view of lh¢ state of affairs of the ¢haritabl¢ company #s at the end of each financia] year and of its surplus or deficit for financial year in awordance with the requirements of Sections 394 395 and which otherwis¢ comply with the requirements of the Companies A¢t 2006 relating to fman¢ial slat¢ments, so far &5 applieable to the charitable company. (b) The notes forni part of these financial ststements Page 9 continued...
ALPHA CARE SPECIALISTS LTD (REGisfERED NUMBER: Q3957802) BALANCE SHEET- eontinued 31 MARCH 2025 These financial statements have been prepared it) aCrdance with the provisions applicable to charitsble companies subjeGt to the sma]l ¢ompani¢s regime. The finan¢ial statements were approved by the Board of Trustees and authorised for issue on 23 January 2026 and were signed on its behalf by: Ms R Andreou- Trustee The nol¢s forni part of th¢s¢ financial statements Page 10
ALPHA CARE SPECIALISTS LTD CASH FLOW STATEMENr for tbe Year Eded 31 MARCH 2025 2025 2024 CAgh fiowg from op¢r•ting artiviti¢$ C&8h 8enerated from opcralions 140,832 5,138 Net cash pmvided by op¢rn¢ing a¢liviti¢s 140,832 5,138 C4$b flow$ from invtsting Attivitie8 Interest received 3,262 3,110 Net C&8h provided by investing activities 3,262 3,110 Cbange in f95h Dd e88h equivalellts In the reporting period Cash #nd e#sh equivalents gt the beginDing Ibf the reporting period 144.094 8,248 517,924 509,676 Casb Dd e*$h ¢qth8lents •t tht eDd of the reportiDg period 662,018 517,924 The notes forni part of these fingn¢ial statements Page 11
ALPHA CARE SPECIALISTS LTD NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 MARCH 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net income for the reportkng perlod (Is per the Ststement of Financial Aetlvlties) Adjustments for: D¢preGiation chJrg¢s Int¢r¢st received Decrea5el{increa5e} in debtots In¢reose/(d¢¢reas¢) in ¢reditors 91,441 88,817 1,125 {3,262) 36,194 15,334 1,643 13,110) (57.0451 125.1671 et eash provided by optrations 140.832 5.138 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cath flow At 3 1.3.25 Net e#$h C&sh at bank 517.924 144.094 662,018 517,924 144,094 662.018 Tot41 517,924 144,094 662,018 The notes fomi part of these finxncial statements Page 12
ALPHA CARE SPECIALIsfs LID NOTES TO THE FINANCIAL sfATEMEI¥TS ftrr th Y¢•r Ended 31 MARCH 21125 ACCOUNTING POLICIES Basis of prep8ring the fiDanci#l 5ttemtnts The financial statements of th¢ ¢haritsble company, whi¢h is a public benefit entity under FRS 102, have been prepared in accordance with the ChaTitie$ SORP (FRS 102)'A¢counting and Reporting by Charities.. Ststement of ReC0mnded Practic¢ applicablc to charitl¢5 pr¢paring th¢ir accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Iland {FRS 102) {eff¢¢tive l January 2019}'. Financial Rq)orting Standard 102 The Finanrial Re]x>rting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The finaDcial statements have been prepared under the hiswri¢al cost nvention. The trustres Consider that there are no Dterial unc¢rtaiDti¢3 #bout the TnLsVs ability to continue as a goi concern. The trust ¢onstitutes a publi¢ b¢t)¢fit ¢ntity &8 defined by FRS 102. The si8nificanc¢ of fiTbancial insttum•)ts to the on80in8 financtal su51ainability of the Trust 1$ ¢onsidered in the financial review and investment policy and perfornhan¢e s¢¢tions of the Trustees, Annua] Report. PreseD¢#tioTh crrenCy The presentstion currency of the fInatal st8t¢m¢nts is the Pound Sterling (£). Income All in¢om¢ $ rewgnised in the Ststement of Financial A¢tiviti¢s once the charity has entitlement io the funds it is probable that the income will be received and the amount can be measured reliably. Invoices to council and indLVLdua]5 are recognis¢d wh¢n th¢ s¢rvi¢e is provided. In¢ome from 8Tants for specific activities is re¢ognis¢d when the cbaritable Company is legally entitled to it after any perform8nce conditions hav¢ been the amoullts Can be Mr¢d reliabty, and it is prtsbabl¢ that in¢ome ill be received. Cash doDation& fimdraisiDg and café income. are re¢ognis¢d ¢)n receipt. Trade and otherd¢btors are recogni%ed at the settlernenl amount du¢ Expenditsre Liabiliiies we Tecognised as expendittwe as s)ll &8 there is a legal or ¢onstru¢tiv¢ obli8ation committing th¢ charity to that ¢xpenditure. it 1$ probable that a transfer of economic benefits will be required in settlement and the amowit of th¢ obligation can be rneasured reliably. Expenditw¢ is accounted for on th¢¢nlS basi5 and I been Classified under heading5 that a8sregat¢ all ¢ost related to the ¢atesory. Wh¢r¢ costs cannot be dire¢tty attributed to particular headings they hav¢ b¢en allocated to activities on a basis ¢onsiSt¢nt with the use of resour¢¢s. lo¢tion #nd pportionment of co8ts Supw)rt costs are allocated on the following basis- number of staff (equivalent bodies) Tanglbl¢ tsed ets Tallgible fixed a&8ets held for the companys u5¢ are stated at Cost less ¢UMulated d¢prxiation and ¢umulad impairn)¢nt losses. tkpre¢iation 1$ provid¢d at the following annual rates in order to write off ea¢h over ils utimated useful lifr or. if held under fitwire lease. over the leas¢ t¢rn), whichever is the shorter. Plani and mwhinery Fixtur¢5 and fittings Computer equ1pnnt - 25Yo on reduring bala¢ - 25% on reducing balance - 33V• on redu¢ing balance Page 13 ¢ontinueil...
ALPHA CARE SPECIALISTS LTD NOTES TO THE FIP4AP4CIAL StATEMENIS- ¢lbDtinufd for tbe Year Ended 31 MARCH 2025 ACCOUNTING POLICIES- tontinued T4XgtioD The charity is exempt from Corporation on its charitable activities. Fund a¢countiDg Unrestricted fund5 can used in accordance with the ¢haritable objectives #t the di5cr¢tion of the Iru51¢es. Restricted filnds can only be used for particular restrict purposes within the objects of the charity. R¢stri¢tions arise when specified by the donor or when fvnds are ralsed for particular restricted purtx)s¢s. Further explanation of the nature and purrx>se of each fund is included in the notes to th¢ financial statements. Ptnsion costs 9nd other post-retirement benefits Th¢ ¢haritabl¢ ¢ompany operates a d¢fined contribution pension s¢heme. Contributions payable to the charitable COD)pany's pension scbeme are eharged to the Sthtement of Financial Activities in the period to whi¢h they relate. DONATIONS AND LEGACIES 2025 2024 Grdnts 68,01)0 64.080 Grallts receKved, Includ in th¢ above, are as follows.. 2025 2024 Br¢8k th¢ ¢y¢l¢ 68.000 64,080 OTHER TRADING ACTIVITIES 2025 2024 Fwidrai5in8 events 4,488 INvEsTMEP INCOME 2025 2024 DetN)sit account interest 3,262 3.110 Pag¢ 14 continued...
ALPHA CARE SPECIALISTS LTD NOTES TO THE FINANCIAL STATEMENfs- CODtirtued for the Year Ended Jl MARCH 2025 INCOME FROM CHAIUTABLE AcfIviTIES 2025 2024 A¢tivity Navigator services New home from hospitsi Lets talk Navigator S¢ryi¢es New Home from Hospital Lets Talk 40.644 130,355 I5.209 37,392 130,355 15,724 Provision of IKmcc8re setvi¢es Take Home And Settle P¢er PrxtitiODer ProvisioD for homecare setvices Take home and settl¢ Peer practitioner 412.682 69,996 53,404 451,643 68,438 95.149 72229YI 798,701 CHARITABLE AcrIvrrIES cosrs Dire¢t Stsff Costs Support Costs Totll Ch#rit4bk ¢tiviti Navigator Service5 New Home from Hospital Lets Ta]k Homecare Take Home Break the Cyck Pter Ptitioner 403 10.459 1,013 65,591 2,174 3,792 2.212 31.962 27.6ll 22.809 389,067 25,604 34.304 13.704 1613 5.225 1613 59.873 2.613 34.978 43.295 26.435 516,493 30,391 36,365 13,704 2,411 83.431 566,058 72,937 702.111 SUPPORT COSTS Payroll PTovider f¢¢$ Wagc5 (iTKluding cmployen Nt and pension) Insuranee Sundries Rent Subscriptions paid Professional fees attd third party servitts Travel costs Depn of plant & machinery DepTh of fixtures & fittings Depn of ¢omput¢r ¢quipm¢nt Bank charges Independent tX8miners. ac¢ountan¢y fees 11.765 49.599 7.284 1.573 21,579 3,127 256 183 426 1,902 19,286 5,573 122,752 Pag¢ 15 contknued...
ALPHA CARE SPECIALISTS LTD OTES TO THE FINANCIAL sfATEMEIYTS- continued for the Vegr Ended 31 MARCH 2025 NET INCOMEI(EXPENDITURE) N¢t inwmel{expenditure} is Stated after ¢hargingl(¢rediting).' 2025 2024 Payroll provider costs Depre¢iation- owned assets Independent examiners fees IndepeJJdeJJt examiners fees Th)n IE work 11.995 1.124 1.025 4.549 3.795 1,645 1.025 4.278 TRUSTEES, RKMUNERATION AND BENEFITS Th¢r¢ were no tre5, remuneration or other benefits for tbe year ended 31 March 2025 nor for the year ended 31 March 2024. TThstees' exptnsts There were no tnJstee5' expenses paid forth¢ year e[ed 31 Marrh 2025 nor ftsrthe year ended 31 March 2024. io. STAFF COSTS 2025 2024 Wag¢s and 58larie$ Social Security costs Other pension ¢osts 522,970 33.365 9,723 607.289 J9,949 8,446 566,058 655,684 The average monthly numberof employees during the year was as ft*llows'. 2025 2024 Offic¢ staff Homecare 20 22 Ixvs Talk Br¢ak the cycle Navigator $eJvi¢¢$ New home from hospital Take home and settle Peer practitioner 28 32 No employees re¢¢iv¢d ¢molurnents in excess of £60,000. Page 16 continued...
ALPHA CARE SPECIALIST3 LTD NOTES TO THE FINANCIAL STATEMEiYfs- CllDtinued forthe Ye*r Ended31 MARCH 2025 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted Restri¢t¢d Total funds INCOME AND ENtM)WMENTS FROM Donations and l¢ga¢i¢s 64,080 64,080 ChAritAble aclivitles Navigator seryices New home from llospital Leis talk Provision for Ik)me¢4re seryice5 Take home and s¢tsl¢ Pe¢r pradilioiier 37,392 130,355 15.724 451.643 68,438 95,149 37,392 130,355 15.724 451,643 68.438 95,149 Other trading activities Investment in¢orne 4,488 3,110 4.488 3.110 Tot•1 806299 64,080 870,379 EXPENDTTURE ON Charitsble 8ttiviileg Navigator s¢rvices New home from hospital Lets thlk 35,310 37.294 28,787 505.539 35.310 37.294 28,787 505.539 41,374 86.926 46,332 Provision for home&gre servic¢s Break the cyclt Take hom¢ and settle Peer practitioner 41.374 86,926 46,332 T(btsl 740,188 41,374 781,562 NET INCOME 22.706 88.817 RECONCILIATION OF FUNDS Total fill$ brought fonwd 461.822 41.788 503,610 TOTAL FUNDS CARRIED FORWARD 527.933 64.494 592.427 Pase 17 conlinued...
ALPHA CARE SPECIALisfs LTD NOTES TO THE FINANCIAL sfATEMENTS- eontinwed for the Y¢8r EDd¢d 31 MARCH 2025 12. TAf4GIBLE FIXED ASSETS Fixtures Plant and machinery Computer equipment fittings Totals COST At l April 2024 and 31 March 2025 3.543 14,442 21.675 39,660 DEPRECIATION At l April 2024 Charge for year 3.314 46 13.874 141 18,836 937 36.024 1,124 At 31 Mar¢h 2025 3,360 14,015 19.773 37,148 NET BOOK VALUE At 31 March 2025 183 427 1.902 2,512 At 31 March 2024 229 568 2.839 3.636 13. DEBTORS: AMOUNfs FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Accrued income Prepayments 37.850 3,802 37,764 34,693 5,389 41,652 77,846 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade Creditors Social security al other taxes Other credittsrs Accrued expenses 2.527 7,518 2.355 9.914 1.599 1,360 4.020 22.314 6,979 15. MOVEMENT IN FUNDS Net movement in fid3 At 31.3.25 At 1.4.24 Unre5tritted General fund 527,933 59,805 587,738 Restricted fvnd8 Break the ¢y¢l¢ 64.494 31,636 96,130 TOTAL FUNDS 592.427 91,441 683.868 Page 18 continued...
ALPHA CARE SPECIAIISTS LTD OTES TO THE FINANCIAL STATEMENfs- eon¢inu¢d for the Year Ended 31 MARCH 2025 Is. MOVEMENf IN FUNDS- continvd Net rnovcrncnt in funds, irtrluded in th¢ aiK*V¢ are as follows.. In¢omin8 resources ResOUtS expended Movement in fund5 Unr¢striettd fndS General fi]nd 725,551 {665,746) 59,805 Restricted fuDd5 Break the cycle 68,001 (36J65) 31,636 TOTAL FUNDS 793.552 {702,111) 91.441 Comparativts f(trr moveJDellt in Ivnds Net movem¢nt iti fulld% At 31.3.24 At 1.4.23 Unrestricted fund$ General fund 461,822 66,111 527,933 Restricted fund¥ Brehk the ¢y¢l¢ 41.788 21706 64.494 TOTAL FUNDS 503,610 88.817 592.427 Comparativ¢ net movement in fiLnd4 included in the above are as follows.. Incoming R¢sour¢es Movement in fimds Unrestrlt¢ed fwids General fund 806.299 {740,188) 66.111 Restricted fvtsds Break ihe ¢y¢le 64,080 (41,374) 22,706 TOTAL FUNDS 870,379 (781,562) 88.817 Page 19 continued...
ALPHA CARE SPECIALISTS LTD NOTES TO THE FINANCIAL STATEMKNIS- continued for the Year EDded 31 MARCH 2025 15. MOVEMENT IN FUNDS- Continu1 A Current year 12 months and prior year 12 months combined ]w$ilioTh is w follows: Net movement in fid3 At 31.3.25 At 1.4.23 Unrtstricted funds General fund 461,822 125,916 587,738 Rutritted fund5 Break thc Cycle 41.788 54,342 96,130 TOTAL FUNDS 503,610 180.258 683.868 A currenl year 12 ItnthS and prior year 12 months ¢tsmbined nct movement in funds. included in the above are as follows.. Incoming resources Resources expended Movemertt in fimds Unrestricted fwid5 General fund 1,531,850 (1.405.934) 125,916 Restrieted funds Break the ¢y¢le 132,081 {77,739} 54,342 TOTAL FUNDS 1,663,931 11,483,673) 180,258 Brelk the ¢y¢le- A ¢ofé for the Drug & Alcohol Services in the Borough. 16. RELATED PARTY DISCLOSURES There were nts related party transactions for th¢ y¢aT ¢nded 31 Mh 2025 (2024.. £NtL) Pag¢ 20