Cumbria Cerebral Palsy (A company limited by guarantee) Annual Report and Financlal Statements 31 March 2025 Company registratlon number.. 05386416 Charlty registratlon number: 1110076 dOdd&co
Cumbrla Cerebrdl Palsy Contonts Reference and Administrative Detalls Trust8es' report Trustees. responsibilÈlies in relation to the financial statements Independent examlnerfs report Stalement of financial actlvltl8S Balance sheet Cash 0W statement 10 Notes to the financlal statoments 11
Cumbrla Carnbral Palsy Reference and Admlnlstratlvo Detalls Charlty name Cumbria C8r8bral P8lsy Charity rnglstration number 1110076 Company roglstrallon numbor 05386416 Principal offlce 22 Spencer Street CARLISLE CA11BG Reglstered offlco 22 Spencer Street CARLISLE CA11BG Trust888 E M Thomson. Chair N Wocklcock, Vice chair AJCarr G Wyk8S J Harper C S¢ott-Buccleugh S Huntley S Laydon (Resigned 18 August 2024) (R8slgned 4 September 2024) S Halsall A Woodman T Amistrong (Appointed 18 November 2024) (Resigned 24 April 2025) Accountant Dodd & Co Limited FIEEN Rosehill Montgomery Way Rosehill Estste CARLISLE CA12RW Page 1
Cumbrfa Cerebral Palsy Trustees. Report for the Year Ended 31 March 2025 The financial stslern8nts have been prepared in 8¢cordance with the accounting pollcies s8t out in not8S to the accounts and comply the charivs governing document, the Charitles Act 2011 and Accounting and Reporting by Charrties: Statement of Recommended Practice applicable to charitles preparing their accounts in accordance with Ihe Flnancial R8POrting Standard applicable In the UK and R8public of Ireland. PURPOSE OF THE CHARITY The Charitws purpose is set out in the objects contained in the Cornpany's Memorandum of Association that are: o pmmote the care and welfare of those with cerebral palsy and slmllar conditions, primarfly, but not exclusively withln Cumbria. by providing servlcos. support and trainlng to those individuals Including but not restri¢t8d to seNlces relating to health care, welfarn. medlcal treatment, education. employment accommodation and advlce" MISSION STATEMENT We are a non-profit organisation supporting Cumbrian people wlth rebral palsy and related disabilitles by developing and sustaining servicos which promots ind8penden¢e and choice. AIMS AND OBJECTIVES In setting objectives and plannlng for actlvtties, th8 Trustees have given due consideratlon to g8neral guidance published by the Charlty Commission relating to public benefft and this is adhered to al the charity Board Meetings. The focus of our activltles 15 to d8slgn and deltver person centred care planning by offering a range of flexlble SenAs for people who have access to our day care opportunltles. Thls beneflts people by developing thelr $eif-confidence as thèy are supported to take more ¢ontrol and mak8 decisions affecting their Ilves. We welcome people from all backgrounds. falths, genders, or personal Circumstances and firmly believe this diversSty enables everyone through the sharfng of experfencas. Skills and aptliudes. The people who benefit from the charlty'5 servlc8 are those with complex physical, leamlng disabi1Stles, challenging behaviours and dementla. Referrals to the s8ivice are mostly from $8h¢-r8ferral although w8 work alongside thè Local Authority and Health Authority (NHS). Th8 seNices are provided at our day care centre in knst6r House, Carfisl8 that is reglstered for up to 15 people each weekday. and through our out-reach Communlty Services. W8 also have 4 Charity shops in Cockermouth, Brampton. Wigton and Denton that provide a vitsl link to those communities and increase awareness of rebral palsy as well as raising funding for our out-reach services. The second-hand shops also providg a wide range of goods to the communlti85 that need them. particularly important during the current cost of living crisis with associated increases In child poverty. ACHIEVEMENTS AND PERFORMANCE This financial year remained challenging as the Income remained relatively flat year on year whilst cx)sts increased by 8.9% mainly du8 to national minimum wage increases. The Charity continu8d to find cost savings to mitigalg ongoing inflation for insurance and shop rental costs. This resulted in a net surplus of £131 in the year. An underfying reduction in Income at the Day Centre of (£37.017) resulted from the sad loss of clients. increased sickness. and a reduction in Adult Social Care referrals as the Local Authority embarked on a r&tendering of contracts. The Charity successfully tendered and won 2 key contracts with the LoGal Authority for ongoing day and community services including the provision of Iransport seNices following the purchase of a vehicle during the year. Thesg ar8 three year {+2 year extension) contracts commencing on 1 sl April 2025. Whisl this is fantastic news the charity is d8p8ndent on referrals from the Local Authorfty - Adult Social Care that have y81 to fully matsriallse since contract award In January 2025. Page 2
Cumbria Cerebral Palsy Trustees. Report for the Yoar Endod 31 March 2025 Shop related Gift Aid ¢ontributlons Increased in the year to £17,226 however this masked an underlylng rèduction In shop incom8 as tradlng reduced with noticeabl8 redudions in fooffall in the town centres. The charity continues to develop the use of social medla sal8S. The Charity also r8celved a legacy of £38.889 on 14th February 2025. Key activities and projects for the public b8nefit induded: Laptops for children at school Trbrlder to improve mobilty and Ind8p8ndenee Animal developm8nUcar8 in the resource centre Gard6n proJect covering environmental, planning. selectlng tools and equipmen( and leaming different skills Using the new vehicle for exujrslons to the sea-side. Anfield football ground. other day trips Collaboratlons wlth Oaktree Charlty for animal Care; Tullie House for cooking and exerclses,, Unlversity of Cumbri8 for Integratlng o¢¢upational heatth in seNlce delivery FINANCIAL REVIEW Flnancial risk management objectlvo and poliei The TN$tees review the major rlsks to which the ¢harity Is expos8d. System5 and procedures are established to mitigate, vthere approprlate. these risks. Int8mal control systems are mlnimised by the implementatlon for authori$ation of all transacllons and projects. Procedures are In place to ensure Health and Safety compllanca for all staff, volunteers and visitors to the day care centr8, shops, and head office. Reserves poll¢y The Truslees have a policy to malntaln a balanc8 on unrestrict8d funds equivalent to 3 months unrestricted payments. The balance in thé accounts show unrestricted funds of £342,925 at lh8 year end. Based on the year end 31 March 2025, 3 months of unrestricted paym8nts is £124.623. There Is therefore shortlall of £51,539 from the free reserves held at the year end of £73.084. The charity has a high fixed cost base (i.e. salaries. premlses rent), and it would tske tlme for these lo be exited In the event the charty was winding up. The change in presentation of costs made last year. has hlghllghted that the reserves held by the charlty is insulTicient. As noted In th8 A¢hlevements and Performanc8 sectlon, the Charity succ8ssfully tendered and won ikn key contracts with th8 Local Authorlty for ongoing day and community services includlng the provision of transport s8Nicès following the purchase of a vehide durfng the year. Since the contract b8gan. only on8 refèrral has been made. The charity is carrying th8 staff and resources waiting for furthér referrals to be made. As time progresses and costs incr8as8 year on year there is Incr8aslng pressure on the charfty. Costs such as minimum wag8 increasès, Employer National Insuranc8 increases. utility costs and insurance. have b88n suffered in the year. which have not only increased cashflow pressure but a also increasing taffJet rèseNes year on year too. That results in the charity n8edlng to run at a sizeable surplus to be able to replenish resenies and bring Ihem in line wlth the currant reserves policy. The Trustees acknowledge this is very cha118nging in current fundlng cllmate but the Charity is maklng 8V8ry effort to monitor costs and increase overall income. Page 3
Cumbrfa Cerebral Palsy Trustsos. R•port for the Year Endod 31 March 2025 Principal Funding The day opportunities income is through people's dlrect payments and the centre operates under a contract wlth the Local Authority. Additional Funding to improve the quality of the service comes from fundraising by application to trust funds. During the year we have secured funding from the following and wish to record our grateful thanks lo: Florence Nightingale Trust Boshier Hinton Hospital Saturday Fund Independence at Home- lan Kershaw Talisman Charitable Trust Roseland Trust Dunn8ry Twst Fltton Trust Rovlew of the Charltys financlal posltlon The principal incom8 for the Charlty Is received from the day ntre and four shops. The shops are now delivering higher revenue that the day centre that Is a r8versing trend since 2023124. Concem remalns regardlng the reduced number of clients attendlng the day Centre as the charity not onty carries the risk of a minimum staffing levels. but also m8ans that clients remain in the communlty wlth Ilttle or no 8UPPOrt. The Charity continues lo reach out to the community however thls support Is limited due to the curr8nt fundlng ex)nstralnts. The Trustees have recognised this increased rfsk togeth&r vAth furthèr in¢reases in National Insuranc8 that tske 8ff8Ct from 1st April 2025. Contlngency plans are being put in place. Investment pallcy and perforn7anee The Trustees having regard to the liquidity requirements of operating a day opportunity service have op8rat8d a policy of keeplng fijnds In Interest bearing deposit accounts achieving the b8St rale of Intèrest. With this in mind, the charity regularly checks on the best options for its liquid reserves. STRUCTURE. GOVERNANCE AND PAANAGEMEKr The charity is registered as a charitable company limlted by gu8r8ntee and was incorporated by a Mernorandum of Association on g March 2005. The Memorandum and Articles of Association comprise the governing document and estsblish the objects and powers of the charitab18 company. The company was registered as a charity on 17 June 2005. Method of appolntment or electlon of Trustoos The management of the chaiity is the responsibility of the Trustees who are elected and c(>opted under the te5 of the Articles of Association. There Is a maximum of 12 elected Trustees and 8 co-opted Trustees. Elected Trustees are elected or re-elected for a temi of 3 years conduding at the third Annual General Meeting after their election. Any 818Cted Trustep retiring at any Annual Gener81 Meeting may. rf willing to stand. be proposed for electIOn. copted Truste8s shall not b8 r8quir8d by rotation but shall cease to hold office at the expiry of their specified temi of office. Any vacancy arising amongst the Trust88s may be fllled by resolution of the board. Page 4
Cumbria Cerebral Palsy Trustees. Roport for the Year Ended 31 March 2025 Pollclo8 adopted for the induction and tralnlng of Truste8S Prior to election, potential Twslees complete an application fonn indicating the areas of the charivs work they are particularly interested in and the Skills they feel they can offer to the Board of Trustees. A policy setting out the procedures for the selection of Trustees is In place. A copy of the Memorandum and Articles of Association and the latest financial statements are distributed to Trustees on appointment. Organisalional structure and declslon maklng The Trust88s ar8 responsible for the overall management and control of the organisation and me8t up six times during the year. Extra meetings are arranged as and when required. The daily rnanagement of the charity is delegated by the Board of Trustees to the General Manager who reports to the Chair of th8 Board of Trustees. Risk management The Trustees hav8 assess8d the major risks lo which the charity is expos6d. In particular those related lo the operations and finances of the charity and are satlsfied that systems and procedures ar8 in place to mitigate our exposure to lh8 major dsks. Procedures are in place to ensure compllance In particular with the Heatth & Safety of 8tsff, volunteers, dients and visitors to the day care centre and head office whlch have been exiemalty audited and approved by the chadty's Insurance company. The principal risk facing the charlty Is s8curfng sufficl8nt income increases to match and exceed the ongoing vge, rent, and energy cost increases that will enabl8 the charlty to widen its services lo furthér people and unmet n8eds. Addrtional effort is therefore being made to increase fund ralslng In the year and includ8d' Bingo nights Cumbria Dialect book sales Table sales Christmas Fayre Challeng8 73 (73rd Year) involving local businesses and schools. Small company provlslons Thls port has been prepad in a¢¢ordance Mlh the small companles regime under the Companies Act 2006. Approved by thè Board on 22 July 2025 and signed on its behalf by: E M Thomson Trustee Page 5
Cumbria Corebral Palsy Trustees. Responslbllltlas in ralation to the Finan¢lal Statoments The trustees (who are also directors of Cumbria Cerebral Palsy for the purposes of company lawl are responsible for preparing the Trustees. Annual Report and the financial statements in accordance wilh applicable law and the Financial Reporting Standard 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland.. Company law requires the truslees to prepare financial statements for each financial year whlch give a true and fair view of the state of affalrs of th8 ¢harrtablg company and of the incomlng resources and application of resources, including income and exp8nditur8. of the charitable company for that period. In preparing these financial statements, the trust8es are reqUId to: select suitable accounting policies and then apply them consi8tenlly: obsenrfe the methods and prin¢lples in the Charities SORP. make judgements and estlmat8S that are reasonable and prudent; state whether applicable UK accounting stsndards have been followed, subject to any material departures disdosgd and explained in the financial statements- and prepare Ihe financial statements on the going conrn basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting rewrds Ihat disclose with r88sonable accuracy at any time the financial position of the ch8ritsble company and enable Ih8m to 8nsure that the financial stalem8nts comply with the Companies Act 2006. They ar8 also r8sponslble for safeguarding th8 assets of the charltsble company and h8nc8 for taking reasonable steps for the prevention and detectlon of fraud and other Irregularities. Page 6
Independent Examinerfs Report to tho Trustees of Cumbria Cerebral Palsy I report on the accounts of the company for th8 year 8nd8d 31 March 2025, which are set out on pag88 8 to 22. Raspectlve rn8ponsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. Tho trustee5 wnsider tt)at an audit is not required for this year under s8Ctron 144(2) of the Charities Act 2011 as amended by the Charities Act 2022 (the Act) and Ihat an indopendent examination is needed. The charity's gross income exceedèd £250.000 and l am qualified to undertak8 the examination by being a qualrfied member of the Instituts of Chartered Accountarts in England and Wales. Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Ad 2006 and is eligible for independent examination. it is my responsibilityto: examine the accounts under section 145 of the Art. follow the procedures laid down in the General Directlons given by the Charity Commission under section 145 (5) (b) of the Act: and state whether partlcular matters have come to my attention. Basls of Independgnt oxaminerfs report My examination was carri8d out in accordanc8 Wlth th8 General Dipctions glven by the Charity Commlsslon. An examination includes a review of the accounting records kept by the charity and a comp8rison of th8 accounts pres8nted th those records. It also indudes conslderation of any unusual Itèms or disclosures in the a¢¢ounts. and seeklng explanatlons from you as ttustees concemlng any su¢h matters. Th8 procedures undertaken do not provrde all the evidence that would be requlred in an audit and consequently no opinion Is glven as to whether the accounts pr8$8nt a 'true and fair view and th8 report is limited to those matters set out In th8 Statement below. Independent oxamlnerfs statoment In connedlon wlth my 8xamlnation, no matter has come to my 8tt8ntion.' (1) which gives me reasonab18 caus8 to believe that in any matèrial respect the requirements: to keep accounting records In aCrdanCe vAth section 386 of the Companies AGt 2006. and to prepare accounts vthich accord with the accounting records, comply with Ihe accounting requirements of sedion 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practi. Accounting and Reporting by Charities have not been met: or (2) to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. FIFfEEN Rosehill Montgomery Way Rosehill Estste CARLISLE CA12RW Martin Borradaile ACA Dodd & Co Llmlted Chartered Accountants 22 July 2025 Page 7
Cumbrla Cornbral Palsy Statomont of Flnanclal Actlvltles (Including Income and Expenditure Account) for tho Year Ended 31 March 2025 Unrestrlthd Restrlcted Total Funds Total Funds Funds Funds 2025 2024 Note Income and ondowmonts from.. Donatlons and lega¢le$ Oth8r trading activities Investments Charltable a1VitIeS Totsl income and endowments 61,882 235,292 10,854 190,837 498,865 5,891 67,773 235,292 10.854 190.837 504,756 28.128 234.CMJ2 9,473 227,854 499,457 5.891 Expondtturo on: Fundralslng funds Charitable activities Total expenditure 194,918 303,578 498,494 194,918 309,707 504,625 185,016 277,955 462,971 6,131 6.131 Net movements In fund5 371 (240) 131 36,486 Reconclllatlon of funds Total funds brought forward Total funds ¢arrie(I forward 342,554 342,925 714 474 343,268 343.399 306,782 343.268 All of the Charitys activitie8 derive from continuing operatlons during the above perlods. The notes on pages 11 to 22 form an integral part of these financial statements. Page 8
Cumbria C•rebral Palsy Company reglstratlon number: 05386416 Balanco Sheet as at 31 March 2025 2025 2024 Note Flxed assets Tangible ass8ls 11 269,841 265.788 Current assets Debtors Cash at bank and in hand 12 26,106 61,636 87.742 27.218 66,386 93,604 Crodltors: Amounts falling dua withln one year 13 (14.184) (16.124) Net cuThont assets 73.558 77.480 Net assets 343,399 343.268 The funds of the charity: RoStri¢ted fund8 474 714 Unrnstricted funds Unrestrtcted IncL*me funds 342,925 342.554 Total charity funds For the financial year ended 31 March 2025. Ihe charity was 8ntitl8d to exemption from audit under section 477 of the Compani8s Act 2006. 343.399 343,268 The member5 have not required the charity to obtain an audit of Its accounts for the year in question in accordance with section 476 of the Act. The dlr8ctors acknow18dg8 thelr responslbllltles for complying with the requlrements of the Act wiu) respect to a¢¢ounting records and the preparation of accounts. These a¢¢ounts hav8 been prepared in accordance with the provisions applicabl8 to companles subject to the small companie8 regime. Approved by the Board on 22 July 2025 and signed on its behalf by: E M Thomson Trustee The notes on pag8s 11 to 22 form an Integral part of these financial ststements. Page 9
Cumbria Cerebral Palsy Cash Flow Statement for the Yr Ended 31 March 2025 2025 2024 N•t cash provldod by (usod by) opèrating a¢tivltles Net income for the perlod Depreciation charges Decreasel(Increasel In d8btors {D8crease)lincrease in ¢reditors 131 5.541 1,112 (1,940) 36,488 3,586 (11,120) 8.310 37,262 Net cash provldod by (used In) Invastlng activities Purchase of propety, plant and equlpment (9.694) (9.594) (8,027) {8,027) (Decroaseyin¢ro88e in rAsh (4,750) 29,235 Th8 notes on pag8s 11 to 22 fomi an integral part of these financial statements. Page 10
Cumbrla Cerebral Palsy Not05 to the Financlal Statements for the Yoar Ended 31 March 2025 Aceounting poll¢ie5 Summary of significant accountlng pollcles and key accountlng •stlmatos The prlnclpal accounting policies applied In the preparation of these financial statements ar8 set out below. These policies have been conslstenlly applied lo all the years presented, unl8ss otherwise staled. Statement ol complianco Th8 fin8nclal st8t8m8nts have been prepared in accordanc8 wlth Accounting and Reportlng by Charities: Statement of Recommended PractlC8 applicable to charities preparing th8lr accounts in accordance with th8 Financlal Reportlng Standard applicable in the UK and Republic of Ireland IFRS 102) {effectlve 1 January 2019)- (Charftles SORP (FRS 102)), Ihe Financial Reporting Standard appllcabl8 in the UK and Republlc of Ireland (FRS 102) and the Companles Act 2006. Basls of preparatlon The charitsble company m88ts th8 daflnltlon of a public benefit entlty under FRS 102. Assets and liabllltles are initlally recognised al historical cost or transactlon value unless otherwise stated In th8 r8levant accounting policy notes. Golng concern These flnanclal stat8m8nts hav8 b88n prepared on a going conc8m basls. The trustees assess whether the use of going concem Is appropriate i.e. whether there are any material uncertalntles related lo events or conditions that may cast significant doubt on th8 ability of Ihe Charity to ontinue as a going concem. The trustees make this assessment In respect of a period of one year from the date of approval of the fflnanclal statements. Fund accountlng pollcy Unrestricted income funds ar8 g8neral funds that are available for us8 at th8 tNStee5' discretion in furtherance of the oblectlves of the charlty. Restri¢t8d Income funds are tho$e donated for use in a particular ar8a or for specific purposes. the use of which is restricted to that area or purpose. Further details of each fund are disclosed in note 18. Page11
Cumbrla Cerebral Palsy Notes to the Flnan¢ial Statements forthe Year Ended 31 March 2025 .. conlinu8d Incorne and endowments Donations are recognlsed when the Charity has been notlfied in witing of both the amount and settlement date. In the event that a donation is subject to conditions that requlre a level of performance by the Charity before the Charity is entitled to the funds. the income is deferred and not recognised until etther those conditions are fully met. or the fulfilment of those conditions is wholly within the conlrol of the Charity and it is probable that these conditions will be fuffiiied in the roporting period. Legacy gifts are recognised on a case by se basis following the grant of probate when the administorlexecutor for the estate h8s communicated in writing both the amount and settlement date. In the event that the gift is in the form of an assel other than cash or a financial asset traded on a recognised stock exchange. recognitlon is subject to the value of the gift being reliabty measured with a degree of reasonable accuracy and the title to the asset having been transferred to the Charity. Income from Government and other gr8nts. whether 'capital' grants or'revenue. grants. is recognised when the charity has entitlement to the fvnds, any perfomance condiiion5 attached to th6 grants have been met. It is probable that the income will be received and the amount can be measured reliably and Is not def8rr8d. Incoming resources from tax reclalms are included in the slatement of financlal activities at th8 samo time as the gift to which th8y relat8. Income d8riV8d from events is recognlsed as eamed (that Is, as the relat8d goods or servic8s are provided}. Investment Incom8 1$ recognised on a reee6vable basis. Income from tharitsble aCvItIeS includes income recognised as earned {as the related goods or Services are provided) under contract. Expondlture Liabllttles are recognised as soon as th8r8 Is a legal or constmctive obligatlon committing the charlty to the expenditure. All expendlture is accounted for on an accruals basis and ha8 be8n classlfled under heading5 that aggragate all costs relat8d to the category. Costs of generatlng funds are the cosls of tradlng for fundralslng purposes. Charitable expenditure comprises those costs incurred by the charlty In the delivery of its activities and services for tts bgneficiaries. It includes both costs that can be allocated dlrectly to such activities and those costs of an indirect nature necessary to support Ih8m. Support costs Support costs include centr81 functions and have been allocated to activity cost categorie8 on a basis o)nsistent with the use of resources, for example. allocating property costs by floor areas. or per capita. staff costs by th8 time spent and other costs by their usag8. Irr8covorabl8 VAT Irrecoverable VAT is chargad against the category of resources expended for which it W8s incurred. Taxatlon The Charity is nsidered to pass the tests set out in Paragraph 1 Schedule 6 of the Fin8nc8 Act 2010 and therefore it meets the definition of a charitable company for UK corporation tsx purposes. Accordingly, the Charity is potentially exempt from t8xation in respect of income or capital gains receNed within ¢ategori85 covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Galns Act 1992. to the extent that such Incom8 or gain8 are applled exdusively to charitable purposes. Flxed assets Indlvidual fixed assets costing £300 or more are initially recorded at cost. Page 12
Cumbria Cerebral Palsy Notes to the Flnanclal Stat•monts for the Year Ended 31 March 2025 .. continu8d Amortlsatlon Amortisation is provlded on int8ngible fixed assets so as to ffte off the cost, less any estimated resldual value. over their expected useful economic lrfe as follows: Depreclatlon Depreciation is provided on tangible fixed assets so as to writ8 off the cost or valuation, less any estimated residual value, over their expected useful economic lrfe as follows.. Freehold property Plant and machinery Motor vehlcles Fixtures and ffttings Computer equipment Not depreciated 15°A straight line basis 25°A reducing balance basis 5% straight line basis 20% straight line basls Goodwlll Goodwill is the difference between the falr value of consideration pald for an acquired entlty and the aggregate of the fair valu8 of th8t entity's identifiab18 assets and liabilities. Trade Debtors Trad8 debtors are amounts due from customers for merchandise sold or servlces p8rformed in the ordinary course of business. Trade debtors arè recognised initially at the transaction pri. They are subsequently measured at amortlsad cost using the effective Interest méthod, less provision for Impalrment. A provision for the irnpa1ent of trade debtors Is established when there is obJectlve evidence that the Charity will not be able to coll8Ct all amounts due according to the orlglnal tarms of the recelvables. Cash and Cash Equivalents Cash and cash equivalents comprise cash on hand and call deposits, and othèr short-temi highly liquid investrnents that ar8 readily convertible to a known amount of cash and are subject to an insignlfic8nt rfsk of change in value. Llabllltles Trade creditors are obligations to pay for goods or seplices that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right. at the end of the reporting period, to defer settlemenl of th8 creditor for at least Iwelve months after the reporting date. If there is an unconditional right to defer settlement for at 16ast Iwelve months after the reporting date. they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortiS8d cost using the effedve interest method. Operating lèas0$ Leases in which substantially all the risks and rewards of ownership are retalned by the le$80r are classffied as operating leases. Rentals payable under operating leases are charged in the Statem8nt of Flnancl81 Activities on a straight line basis over the lease tenn. Pensions The charity operates a defined contrlbutlon penslon scheme. Contr]butlons are charged in th8 Stat8m8nt of flnandal activit18s as they become payable in accordance wlth the rule5 of the sch8m8. The company operates a defined benefit P8nslon scheme. Page 13
Cumbrla Cerebral Palsy Notes to tha Financial Statemants for the Yoar Ended 31 March 2025 .. continued Flnanclal Instruments Financa8i assets and financial Ilabilitlos ar8 re¢ognised en the charity become$ a party to th8 contractual provislons of Ihe instrument. Financial liabilities and equity instruments are classified according to the sub5tanGe of the contractual arrangements entered into. An equity instrument is any contract that evidenGes a residual interest in the assets of the Charity after deducting all of its liabilities. All financial assets and liabilitie8 are initially measured at transaction price (including transaction costs). except for those financial assets classified as al fair value through profft or loss, which are initially measured at fair value (which is nomially the transaction price excluding transaclion costs). unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, th8 financial asset or finan¢ial liability is measured at the presenl value of the fvture payments discounted at a market rate of interest for a similar debt instrument. Flnancial assets and liabilities are only offset In the statement of financlal posltion when, and only when there exlsts a legally enforceable right to set off the recognised amounts and the Chadty Intgnds either to settle on a net basis, or to realls8 th8 assgt and setue the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the Charity transfers to another paty substantially all of the risks and rewards of own8rship of th8 financlal asset, or c) the Charity. d8SPlte having retained some, but not all. slgnffi¢ant rtsks end rewards of ownership. has transfgrred Control of the asset to anothar party. Financial liabilities are derecognlsed only when the obligation specif18d In the ¢ontract is dlscharged, canc8118d or expires. Donatlons and legaclas Unrestricted Restrlcted Total Funds Totsl Funds Funds Fund3 2025 2024 Donatlons and legaclos Legacies and bequests Appeals and donations Gift Aid tax redaimed 38.889 5.767 17,226 61,882 38,889 5,767 17,226 61.882 7.068 12.310 19.378 Grants Grants- non-govemment 5,891 5.891 8,750 61,882 5,891 67,773 28,128 Of the donations and18gacl8s Income In 2024, £19,378 related to unr8Stdcted funds and £8.750 related to restricted funds. Page 14
Cumbria Cerebral Palsy Notes to the Flnanclal Statements for the Yoar Ended 31 March 2025 . continued Other trading actlvltles Unrestrfcted Rostricted Total Funds Total Funds Fund8 Funds 2025 2024 Fund ralsing Shop income other incorne 5,715 228,333 1,244 235,292 5,715 228.333 1.244 235,292 2,182 230.523 1.297 234.002 All of tha other trading 8Ctivites incorne In 2024 r8lated to unrestricted funds. Investments Unrestricted Restrfcted Total Funds Total Funds Funds Funds 2025 2024 Rentsl Income Interest on cash deposits 10,605 249 10,854 10,605 249 10,854 9.440 33 9,473 l of the investments income in 2024 relat8d to unrestrtcted funds. Charitable activities Unrestrlctsd Restrfeted Total Funds Total Funds Fund$ Funds 2025 2024 Day c8ntr8 190.837 190,837 227.854 All of the income from charStable actlvliles In 2024 related to unrestricted funds. Page 15
Cumbrla Cerebral Palsy Notss to tha Financial Statements for the Year Ended 31 March 2025 .. continu8d Expendltur8 Ralslng funds Charitable actlvltlos Total 2025 Totsl 2024 Dlrnct costs Shop expendiiure Fundraising costs Shop wag8s and salartes Staff NIC (Employers) Shop staff p8n5ions Direct centre expenses Employment costs 60,812 1.810 125.430 5.330 1,536 60,812 1,810 125,430 5.330 1.536 14.186 233,795 442.899 71.929 1.396 104.447 5.391 1.853 10.375 206,913 402,304 14.186 233.795 247,981 194,918 Support costs Premises expenses Insurance R8palrs and malntananca Office expenses Sundry expenses Motor expenses Accountancy f88S Independent eXamIneS f88 Legal and professional fees Bad debts written off Depreciation 8.701 4,919 11.513 7,182 4,101 670 6,580 600 11,920 8.701 4.919 11.513 7,182 4.101 670 6,580 600 11,920 9.033 4.420 13,232 6.206 4,079 7,421 600 11,758 332 3,586 60.667 5.540 61,726 5,540 81,726 194,918 309.707 504,625 462.971 or the expenditure in 2024, £454,935 related lo unrestricted funds and £8,036 related to restricted funds. Governanco costs 2025 2024 Accountancy fees Independent ex8mln8rfs f88 L8gal and prof8ssional f88S 6,580 600 11,920 19.100 7,421 600 11,758 19,779 Page 16
Cumbria Cerebral Palsy Notes to the Financlal Stataments for the Yaar Ended 31 March 2025 . continued Trustoos. romuneratlon and expensos During the year, no Trustees received any remuneration or other benefits, or were relmbursed for expenses Incurred (2024 - £nil). During the year 4 Trustees (2024- 3) made donatlons to the charity totalllng £614 (2024- £264). Not Income Net income Is stated after charging: 2025 2024 D8preclation of tangible fixed assets Accountsncy f88S Independent examinerfs fee 5,540 6.580 600 3,586 7,421 600 10 Employees. ramunératlon The monthly average numbar of persons (indudlng s8nlor management) employed by the charity during the year was as follows: 2025 2024 No. Charitable activities 24 21 The aggregate payroll costs of th8se persons were as follows: 2025 2024 Wages and salarfes Soclal securlty Other pension costs 341.355 16,096 8,640 366,091 301.859 12,329 4,416 318,604 No employee received emoluments of more than £80.000 durlng the year. The key management personnel comprise the Trustees. The totsl employee benefits of the key management personnel of the Charity were £nil {2024- £nil). Page 17
Cumbrfa Cerebral Palsy Notes to the Financial Statements for the Year Ended 31 March 2025 . continued 11 Tanglble flxed a88ets Flxtures. ffttlngs and equipment Freehold property Plant and èqulpment Total Cost As at 1 Aprll 2024 Additions As at 31 March 2025 245.000 1.755 9,594 11,349 45.380 292,135 9.594 301.729 245.000 45,380 Depreclatlon As at 1 April 2024 Charge for th8 year As at 31 March 2025 1.639 1.253 2,892 24,709 4.287 28,996 26.348 5.540 31.888 Net book value As at 31 March 2025 As at 31 March 2024 245,000 245,000 8.457 116 16,384 20.671 269.841 265,787 12 Debtors 2025 2024 Trade debtors Other debtors Prepayments and accrued Income 4.012 2,824 19.270 26.106 5.856 5.642 15.720 27.218 13 Creditor8: Amounts falltng due within one ar 2025 2024 Trade creditors Taxation and stxial security Other creditors Accruels and deferred Income 4.741 3.720 2.621 3.102 14,184 6,168 4.554 1.757 3,645 16,124 Page 18
Cumbria Cerebral Palsy Notes to the Flnancial Statements for the Year Endfrd 31 March 2025 . conlinued 14 Members. Ilablllty The charity is a private company limited by guarantee and consequently does not have share capltal. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. 15 Operating lease commltments As at 31 March 2025 the charity had ti)tal future minimum lease payments under non-cancellabl8 operating leases as follows: Land and Bulldlngs 2025 2024 within onè y8ar Within two and five years Over five years 1,800 14,667 146.583 163.050 1.600 23,467 168.583 193.650 16 P•nslon schem• Dofined contrlbutlon p8nslon schèmé The charity operates a defined contributron penslon scheme. The pènslon cost charge for the period represents contributions payable by the charity to the scheme and amounted to £8.640 (2024 - £4.217). Contributions totalling £2.121 {2024 - £1,757) Vre payabla to the scheme at the end of the pertod and are included in creditors. Local government penslon scheme The Lo¢el Govemment Pension Scherne (LGPS) is a statutory scheme 8Stablished by an Act of Parllament and gov8rned by th8 Publlc Servlces Pensions Act 2013. The scheme Is administered in accordance with applicable secondary legislation. Individual funds ar6 manag8d by designated authorities at a local level. Th8 charity also contributsd Into the Cumbria Local Govemment P8nsion Scheme, In a multi-employer defined benefit sch&me. The assets of the scheme are held separatety from those of the company in an independently administered fund. The employers contributions are affected by a surplus or deficit in the sd)eme. Principal actuarial assumptlons 2025 2024 Rate of increase in salaries Rate of increase for pansions in paymenvlnflatlon Discount rate for sch8m8 liabilities Inflatlon assumptions {CPI> 4.20 2.80 5.80 2.70 4.20 2.80 4.90 2.70 Page 19
Cumbria Cerebral Palsy Notes to the Flnanclal Statomants for the Year Ended 31 March 2025 .. contlnu8d The current mortality assumptions include sufflclent allowance for future improvements In the rnortality rates. The assumed life expectations on retlrement age 65 are: 2025 2024 Retlrfng today Males r8tirlng today Females r8liring today 21.50 24.00 21.50 23.90 Retlrlng In 20 years Males retiring in 20 years Fernales retiring in 20 years 22.80 25.70 22.80 25.70 Sansltlvlty analysls 2025 £000 2024 £000 Equities Govemment bonds Property Cash and other liquid assets Other Total market valu8 of assets 543 228 122 24 653 1,570 589 211 127 24 637 1,588 The actual return on schemg assets was £36.000 (2024 - £116,000). Amounts recognlsed In tho statement of flnanclal acttvities 2024125 £000 2023124 £000 Current service cost Interest income Interest cost Admin expens8S Total amount recognised in the SOFA (76) 52 (73) 52 {21) (18) Changos In tho fair valuo of academ8 sharè of Scheme assets: 2024125 £000 1,588 76 (40) 2023124 £000 1,523 73 At start of period Interest income Artuarial gainllloss) Employer contributions Employee contributions Benefits paid Administration expenses At 31 March Restri¢tlon of sch8m8 assets (surplu$ not recognised) Amended scheme assels at 31 March (55) (52) 1.570 587 983 1,588 1,094 Page 20
Cumbria Cerebral Palsy Notes to the Financial Statements for the Year Ended 31 March 2025 . continued At the balancè sheet dats the penslon valuatlon estimated the penslon was in a net asset position of £587.000. This assel has not been recognised in the finandal stalements as the assat does not meet the criteria to be recognised under FRS 102. The Academy is part of a pooled LGPS with a minimum funding quirement in the scheme and any refund from the scheme is not possible unloss there is a surplus on exiL Changes In the present value of defined beneflt obllgatlons wore as follows.. 2024125 £000 1,094 2023124 £000 1,096 At start of period Current service cost Interest cost Employee contributions Actuarial (gainyloss Benefits paid 52 52 {112) {55) {6) (52) At 31 March 983 1,094 17 Related parties Controlllng enllty The charity is controlled by the trustees who are all directors of the company. 18 Analys18 of funds At 1 April 2024 Incomlng resou09 Resources expended At 31 March 2025 Ganeral Funds General fund 342.554 498,865 (498,494) 342,925 R•$trlctsd Funds Restricted fund 714 5,891 (6.1311 474 343,268 504.756 (504,625> 343.399 Page 21
Cumbrfa Cornbral Palsy Notes to tho Flnancial Statements for the Year Ended 31 MarGh 2025 . continued Prlor perlod At 1 Aprfjl 2023 Incomlng r8soure8s Resour¢es At 31 March exponded 2024 General Funds Unrestricted income fund 306.782 490.707 <454,935) 342,554 Restrictsd Funds Restricted fund 8,750 {8.036) 714 306,782 499,457 {462,971) 343.268 19 Not a880ts by fund Unrestricted Funds Restrlcted Funds Total Funds 2025 Total Fund$ 2024 Intangible assets Tangible assets Current assets Creditors= Arnounts falling due within one year Net assets 269.841 87.268 269,841 87.742 265.788 93.604 474 (14,184) 342.925 {14,184) 343.399 (16.124) 343,268 474 Prior period Unrostrlctsd Funds Rostrlctod Funds Total Funds 2024 Total Funds 2023 Tangible assets Current assets Creditors: Amounts falling due within one year Net assets 265.788 92.890 (16.124) 342.554 265,788 93.604 261.347 53,249 (7.814) 306.782 714 (16,124) 343,268 714 Page 22