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← Real Care Ltd

2025-08-31-accounts

Company registration number 05296681 (England and Wales) Charity registration number 1113970 (England and Wales)

REAL CARE LTD

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

REAL CARE LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees A, Timathy
R Brown (Appointed 18 October 2024)
T Devereux (Appointed 18 October 2024)
Mi Barker
D Harrep
L MeNally
G Stringer
R Kitson - Chair (Appointed 11 March 2025)
Secretary GWaugh
Senior management M Matthewsan Chief operating officer
Country of incorporation United Kingdom 05296681
(England and Wales)
Charity registration England and Wales 7113970
Registered office Learning for Life
Herbert Street
Consett
County Durham
DH& 6AE
Auditor Robson Laidler Accountants Limited
Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
Tyne and Wear
England
NE? 1T.J
Bankers Barclays Bank Uk PLO
Leicester
LE&72BB

REAL CARE LTD

CONTENTS

Page
Trustees’ report 1-5
Independent auditor's report 6-8
Statement of financial activities g- 410
Balance sheet 11
Statement of cash flows q2
Nolestothefinancialstaternents 13-21

REAL CARE LTD

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 AUGUST 2025

The trustees present their annual report and financial staternents for the year ended 31 August 2025.

The financial statements have been prepared in accordance with the accounting policies set aul in pote 7 lo the financial statements and cornply with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 (FRS 102)".

Objectives and activities

Real Care Ltd (operating as Learning for Life} is a North East provider of services for children Post-16 and adults who have a diverse range of disabilities based acrass two sites in Consett, County Durham and The John Marley Centre, Newcastle upon Tyne.

The charitable company's objects are to advance and support the Past-16 education of pupils fram special schools within the Narth East region, their families and wider communities by:

The trustees are satisfied that in accordance with the Charity Commission guidelines, Real Care Ltd meet the public benefit requirements. The trustees have regard to this guidance when exercising any powers or duties to which the guidance is relevant.

The ethos is to provide a personalised approach to learning which encourages personalised engagement and interaction ta maintain and build confidance and seltbelief enabling communication, opportunities to engage in fulfilling activities and explore personalised aspirations and promoting individual advocacy, Learning for Life airs to be a leading local provider of specialist education and social day services where the learners have access to the most enriching and rewarding experiences passible, within a supportive and caring environment underpinned by Preparing for Adulthood and Independence.

Achievements and performance

Education Services

Achievements in Education 2025 has been year of achievement for Real Care Limited, operating as Learning for Life. Learning for Life educational services have delivered impactful outcomes with learners achieving results that met and exceeded their agreed educational health and care plan expectations. Te reflect the impartance of education within Learning for Life, a review of structure saw the introduction of a Deputy Principal role for the first time. This was an internal appointment providing career progression for suitable applicant. This allowed for dedicated and focused leadership across education quality, funding and reporting. In May 2025, Ofsted undertook their first full inspection of educational provisian securing an overall grade of Good, except for behaviour and attitudes which was graded as Outstanding. social Day Care Services Demand for places in Learning for Life Day Services has resulted in a waiting list, Following difficulties in securing suitable, dedicated leadership for social care services at learning for life a pause in recruitment of new Jearners. This has allowed a focused review in standards of care quality and compliance which is informed significant improvements in a similar approach to that in Education. This work has been undertaken closely with Durham County Council as Real Care Limited ‘home’ lacal authority. All areas identified as requiring improvement oxtandad to learners from all local authorities ensuring high standards and currency in the quality and care of services. The recruitment of appropriate leadership is under review with leadership and trustee involvement cansistent with demand for appropriate leaders within the health and social care arena.

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REAL CARE LTD

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Financial review

Total income for the financial year was £1,7 77,906 (2024: £1,441,992) and total expenditure was £1,602,935 (2024: £1,377,267 . The accounts therefore show a surplus for the year amounting lo £174,971 (2024: £124,725). Unrestricted reserves at 31st August 2025 were £1,105,895 (2024: £892,638) and restricted reserves wera £2,890 (2024; £41,116}. The unrestricted reserves will enable the charity lo maintain services in limes ahead. The restricted reserves are ring fenced from operational funds and can only be used for the intention that the grant was made.

The Charity has no external debt.

Unlike many Charities which are primarily dependent upon fundraising lo operate, most of the incorné associated with Real Gare Ltd is generated from learner placements and an annual Department for Education Grant, as well as an annual Capital allocation relating to maintaining an estate that is nationally acknowledged to be in decline across the sectors. As a registered charity and trusts. granis or other eligible funding which can positively benefit and impact upan aur learners, or for the benefit of the Charity, can and is applied for. In 2025 the charity received donations and legacies to the value of E30,900 (2024: £74,862}.

Gaing concem

Our Trustees diligently review the Charitable Company's reserves requirement, aligning with guidelines from the Charity Commission for England and Wales. In this process, the Trustees considered expenditure cammitments, income flaws, and the reliability and timing of funds. Factors such as future needs, opportunities, contingencies, and risks were thoroughly analysed and assessed,

On an annual basis, the Trustees establish the working capital requirement for the Charitable Company, ensuring operational alignment wilh the reserves policy and guidelines. As a charitable company limited by guarantee, the Charitable Company is committed ta accumulating reserves. The Charity seeks to maximise revenue streams from both its operational sites.

The Trustees aim ta maintain free reserves in unrestricted funds at a level which is no lower than three months of total charitable expenditure. lt is estimated that this expenditure currently equates to ES87,050 (2024: £323,223), At this level of unrestricted reserves, the charity could maintain all operations for more than three months even if no income was being generated. Current free reserves, after adjusting for fixed assets and restricted funds, amount to £601,062 (2024, £567,690 }. The charity enjoys good liquidity and has no issues meeting its liabilities when they fall due. The trustees are confident that the charity will cantinue to operate for at least the next twelve months.

Reserves policy

lis the policy of the charity that unrestricted funds which have nol been designaled for a specific use should be maintained at a level equivalent ta between three and six month's expenditure, The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Reserves are being accumulated to fund the future expansion in services lo alleviate waiting lists, and provide our much sought after services to those in need of them,

Plans for future periods

Real Care Limited trading as Learning for Life rernains cormmitted to excellence in education and day services, ensuring thal every learner receives the personalised care, support and resources they require, need and deserve. For the 2025-26 financial year the priority focus will be to ensure sustainable leadership, capacity within management demonstrated through high standards and compliance in service delivery. There will be a focus on ensuring effective governance, including information governance to enable Trustees to support and challenge leaders and managers effectively. In the following years of the five-year strategic vision, Learning for Life intends to be a positive contributor within the changing SEND world, which may include expansion and/or growth in partnership with and ta address gaps in the provision of regional local authorities, although this relies on capacity and sustainability within leadership, management and governance.

Ba

REAL CARE LTD

TRUSTEES’ REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

The Board aims ta:

4. Ensure Effective Leadership and Governance:

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REAL CARE LTD

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

structure, governance and management

Real Care Ltd is a company limited by guarantee, governed by its Memorandum and Articles of Association. The charitable company was incorporated on 25th November 2004 with registralion number 05296681. It has been registered as a charity with the Charity Commission, number 1113970 since 2nd May 2006. There are currently seven members, gach of wham agree ta contribute £1 in the event of the chantable company winding up.

The Memeorandum and Articles of Association allaws for a Council of between two and ten trustees lo administer the company.

The Directors of the company are alsa the Trustees for the purpose of Charily Law and are known collectively as the Board of Directors. The Board of Directors meet on a reqular basis and are responsible for the strategic direction and policy of the charity.

All members of the Board of Directors give their time voluntarily and receive no benefits from the Charity.

Risk management

The trustees have assessed the major risks lo which the charity is exposed, in particular thase relating ta the operation's finances, and are satisfied that systems and procedures are in place ta mitigate exposure to the major risks,

Decision making arrangements

A hierarchical organisalional structure is in place with day to day responsibility for the management of the organisation resting with the Principal and Head of Services acting as the Chief Operating Officer, The Chief Operating Officer is responsible for ensuring thal the charity delivers the services specified and that key performance indicators are met. Day to day operational management is lad by individual tearm members using the reporting structures and line management arrangements to finally reparl to the Chief Operating Officer and Truslees.

The charity may by ordinary resolution appoint a person who is willing to act to be a director. All new directors receive a welcome pack, which contains key policies, strategic plans, code of canduct etc, They also receive induction meeting with the Principal and Head of Services, and opportunities to visit services and activilies as well as access to any relevant training.

Arrangements for setting pay and remuneration

Pay and remuneration is reviewed annually, usually at the same time as minimum wage becomes effective, The Senior Management Team prepare a schedule of recommendations for the Board to review and instruct upon. This will be agreed and recorded at the Board Meeting belore any pay rales are communicated or changed.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

ATimothy R Brown (Appointed 18 October 2024) T Devereux (Appointed 18 October 2024) M Barker

D Harrap

L McNally G Stringer G Rogers (Resigned 5 November 2024) R Kitson - Chair (Appointed 11 March 2025)

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REAL CARE LTD

TRUSTEES’ REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Statement of trustees’ responsibilities

The trustees, who are also the directors of Real Gare Ltd for the purpose of company law, are responsible far preparing the Trustees’ Report and the financial statements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice),

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incaming resqurces and application of resources, including the incame and expenditure, of the charitable company for thal year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any lime the financial position of the charity and enable therm to ensure that the financial staternents cormply with the Companies Act 2006. They are also responsible for safequarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that Rabsan Laidlear Accountants Limited be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, bul ef which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditer is aware of such information,

The trusteas' report was approved by the Board of Trustees.

D Harrap Trustee

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REAL CARE LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF REAL CARE LTD

Opinion

We have audited the financial statements of Real Care Ltd (the ‘charity’) for the year ended 31 August 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice}.

In Our opinien, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law, Gur respansibilities under those standards are further described in the Audifor's respansibilities for the audit af fhe financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRG's Ethical Standard, and we have fulfilled our ather ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for aur apinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concem basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or canditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue,

Qur responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The ather infarmation comprises the information included in the annual report other than the financial statements and our auditor's report thereon, The trustees are responsible for the other information contained within the annual report. Our opinion on ihe financial staternents does not cover the other information and, excepl to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion therean. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially incansistent with the financial staterments or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are raquirad to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to réport that fact,

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In aur apinion, based on the wark undertaken in the course of our audit:

Feo

REAL CARE LTD

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF REAL CARE LTD

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing ta report in respect of the follawing matters in relation to which the Companies Act 2006 requires us to report to you if, in aur apinion:

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for [he preparation of the financial statements and for being satisfied that they give a trué and fair view, and for such internal control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing lhe financial statements, the trustees are responsible for assessing lhe charily's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable cormpany or to cease operations, or have no realistic alternative bul to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an audilor's report that includes our opinion, Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with [54s (UK) will always detect a material misstatement when it exists. Misstatements can arise fram fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements,

The extant to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

The risk of material misstatement due to error or fraud has been assessed in conjunction with how internal controls may mitigate any such risk. These controls are reviewed as part of the audit by performing systems walkthroughs to ensure Ihey are operating effectively. Analytical review and substantive testing is also performed on all material balances and therefore any instances of non-compliance should be identified or considered as insignificant. In identifying and assessing risks of material misstaternent in respect of irregularities, including fraud, the audit angagement team:

The risk of management override of cantrals was also considered an area of potential misstatement due lo fraud, Audit procedures performed included testing of manual journal entries and other adjustments and evaluating the ousiness rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business.

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REAL CARE LTD

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF REAL CARE LTD

A further description of our responsibilities is available on the Financial Reporting Council's website at: https. www.frc_org.uk‘quditorsresponsibilitias. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to [hem in an auditor's reporl and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for aur audit work, for this report, ar for the opinions we have farmed.

Nicholas Cunningham MSc BSc FCCA (Senior Statutory Auditor} for and on behalf of Robson Laidler Accountants Limited

2h E90|

Statutory Auditer

Fernwood House

Fernwood Road Jesmond Neweastle upan Tyne Tyne and Wear England NE? 1Tu

=H.

REAL CARE LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2025

Current financial year Unrestricted Restricted Total Total
funds funds
2025 2025 2025 2024
Notes £ £ £ £
Income from:
Donations and legacies 3 aa? 30,013 30,900 4 862
Charitable activities 4 1,718,742 - 1,718,742 1,338 322
Other trading activities 14.630 - 14,630 25,069
Investments 13,634 - 13,634 3,739
Tatal income 1,74? 893 30,013 Try S06 1,441,992
Expenditure on:
Charitable activities 5 1,534 696 68,239 1,602,935 1,317,267
Total expenditure 1,534,696 68,239 1,602,935 1.17 267
Net income/(expenditura) 213,197 (38,226) 174,971 124,725
Net movement
in		 funds 7 213,197 (38,226) 174.971 124 725
Reconciliation of funds:
Fund balances at 1 September 2024 89? 638 47.116 933,754 809,029
Fundbalancesat 31August2025 1,105,835 2,890 1,108,725 943,754

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive fram continuing activities,

Os

REAL CARE LTD

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2025

Prior financial year Unrestricted Restricted Total
funds funds
2024 2024 2024
Notes £ E £
Income from:
Donations and legacies 3 36,087 38,775 74,862
Charitable activities 4 1,338,322 “ 1,338,322
Other trading activities 25,069 - 25,069
Investments 3.739 - 3,739
Total income 1,403,217 38 79S 1,441,992
Expenditure on:
Charitable activities 5 1,299 720 17 547 1,317,267
Total expenditure 1,269,720 17,547 1,317,267
Net income 103,497 21,228 124,725
Transfers between funds (16.728) 16,728 -
Netmovement infunds T 86,769 37,956 {24725
Reconciliation offunds:
Fund balances at
1 September 2023		 805,869 3,160 809,029
Fundbalancesat31August2024 a92638 41,116 933,754

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REAL CARE LTD

BALANCE SHEET

AS AT 31 AUGUST 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 11 304,753 324,948
Current assets
Debtors. 12 238,998 146,441
Cash at bank and in hand 808 406 637,317
1,047 404 783,758
Creditors: amounts falling due within 13
one year (243432) (174,952)
Net current assets agar 608,806
Total assets less current liabilities 1,108,725 33, Po4
The funds of the charity
Restricted income funds 15 #890 474.116
Unrestricted funds 16 1,105,835 89? 638
1,108,725 999,754

The financial statements were approved by the trustees an Pin- Penn,

D Harrap Trustee

Company registratian number 05296681 (England and Wales)

=

REAL CARE LTD

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2025

==> picture [470 x 261] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |2025|2024| |Notes|E|£|£|£| |Cash|flows|from|operating|activities| |Cash|generated|from|operations|19|160,755|152|256| |Investing|activities| |Purchase|of tangible|fixed|assets|(3,300)|:| |Investment|incame|received|15,634|3,739| |Net|cash|generated|from|investing|activities|10,334|3,739| |Financing|activities| |Repayment|of|bank|loans|-|(28,333)| |Net|cash|used|in|financing|activities|(28,433)| |Net|increase|ijn|cash|and|cash|equivalents|171,089|127,662| |Cash|and|cash|equivalents|al|beginning|of year|637,317|509,655| |Cash|and|cash|equivalents|at|end|of year|808|406|63a7,317%|

----- End of picture text -----

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REAL CARE LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

Charity information

Real Care Ltd is & private company limited by guarantee incorporated in England and Wales. The registered office is Learning for Life, Herbert Street, Consett, County Durham, OH8 GAE.

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 {(FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102,

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to ihe nearest £.

The financial statements have been prepared under the historical cost convention, . The principal accounting policies adopted are set out below.

Allthe time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements,

Restricted funds are subject to specific conditians by donors or grantors as to how they may be used, The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific condilions by donors that the capital musi be maintained by the charity.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation,

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is lreated as a contingent asset,

sp Ee

REAL CARE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 371 AUGUST 2025

(Continued)

Expenditure is recognised once there is a legal or constructive obligatian to transfer economic benefit ta a third party, itis probable that a transfer of economic benefits will be required in settlement, and the amaunt of the obligation can be measured reliably.

Expenditure is classified by activily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs altribulable to a single activity are allocaled directly ta that activity. Shared costs which contribute to more than one activity and support costs which are not allribulable lo a single activily are apporioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use,

Tangible fixed assets are initially measured at cost and subsequenth measured at cost or valuation. net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their uselul lives on the fallawing bases:

Leasehold improvements 20% on cost and lease term
Fixtures and fittings 20% reducing balance
Computers 15% reducing balance
Motorvehicles 25%reducingbalance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts, Bank overdrafts are shown within barrewings in current liabilities,

1.9 Employee benefits

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to tarminate the employment of an employee or te provide termination benefits.

1.10 Retirement benefits

Payments to defined contribution retirament benefit schemes are charged as an expense as they fall due.

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REAL CARE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

2 Critical accounting estimates and judgements

In the application af the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities thal are mot readily apparent from other sources, The estimates and associated assumptions are based an historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimales are recognised in the periad in which the estimate is revised where the revision affects only thal period, or in the period of the revision and future periods where the revision affects both current and future periods,

4 Inceme fram danations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
E E E £ £ £
Donations and gifts Bay - BEY 9,320 - 9,320
Grants - 30.013 30.013 20,767 SB.775 65,542
Bay 30.013 30,900 36,087 S8.775 74,662
Grants
Lloyds Bank - - - 24,475 - 24,575
Other - - - 2,492 2,301 4,693
Department for Education = 30,073 30,013 Hs 21,474 21474
Charities Trust - - . - 15,000 15,000
= 40,075 30,013 26,767 38,775 65,542

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Charitable activities
Education oF? 788 462,604
Social Care 1,140,954 af5,f18
1718742 1,338,922

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REAL CARE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

5 Expenditure on charitable activities

Charitable
activities		 Charitable
activities
2025 2024
£ £
Direct costs
Staff costs 1,073 862 890404
Depreciation and impairment 16,928 29,273
Rent and rates 30,954 35,042
Light and heat 10,566 12,092
Training 6,673 9,569
Telephone 3,039 4,437
Postage and stationery 6,397 6,888
Transport 7,fG4 7056
Repairs and maintenance 58,298 41,846
Student activities or? 398 144,668
Subscriptions 6,052 F824
Insurance 6,840 7,205
Sundry expenses 23,770 16,1785
Bank interest and charges 584 1,024
1,524 066 1,213,613
Share of support and governance costs (see note 6)
Support 69,389 96,548
Governance 9 480 F205
1,602,935 1.317 267
Analysis by fund
Unrestricted funds 1,634 696 1,299,720
Restricted funds 68,234 17,547
1,602,935 1.317267

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REAL CARE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 37 AUGUST 2025

6 Support costs allocated to activities

7

Support costs allocated to activities
2025 2024
£ £
Staff casts 34,902 55,278
Depreciation 6,567 11.623
Rent and rates 15,246 17.276
Light and heat 5,205 5.955
Professional fees 10,469 6.417
Governance costs 9,480 7,205
75,869 103,754
Analysed between:
Charitable activities 78,869 103,754
Net movement in funds 2025 2024
E E
The net movement in funds is stated after charging crediting}:
Fees payable for the audit of the charity's financial statements 9480 F205
Depreciationofownedtangiblefixedassets 23,495 40.896

& Trustees

None of the trustees far any persons connected with them) received any remuneration or benefits fram the charity during the year.

9 Employees

The average monthly number of ermployees during the year was:

2025 2024
Number Number
Employees 56 53
Employment costs 2025 2024
£ £
Wages and salaries 1,007,331 a7? 859
Social security costs 82,664 55,095
Other pension costs 15,769 12,728
1,105,764 945,682

Pat tr

REAL CARE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

9 Employees

(Continued)

The number of employees whase annual remuneration was more than £60,000
is as follows:
2025 2024
Number Number
£60,001 to £70,000 1 1
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
2025 2024
£ E
Aggregatecompensation 214,768 235,010

10 Taxation

The charity is exempt from laxation on its activities because all its incame is applied for charitable purposes.

11 Tangible fixed assets

Tangible fixed assets
Leasehold Fixtures and Computers Motor Tatal
improvements fittings vehicles
£ £ £ E £
Cost
At
September 2024		 410,720 a6,172 38,4171 19.820 567,123
Additions - 4,300 - - 3,500
At 37 August 2025 410,720 91,472 38,411 19,820 560,423
Depreciation and impairment
At 1 September 2024 119,729 f2 402 26,482 11,562 232,175
Depreciation charged in the year 12,460 4 469 1.611 4,955 2g,495
At31 August 2025 132,189 ?6,871 30,093 16,517 265,670
Carrying amount
At 31 August 2025 276,531 14,601 8,318 3,303 304,753
At3iAugust2024 290,991 15,770 9,929 8,258 324948

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REAL CARE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

12 Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 238,017 144,897
Other debtors 981 1,544
236,998 146,444
13 Creditors: amounts falling due within one year
2025 2024
E £
Other taxation and social security 19,360 13,838
Trade creditors 22,915 29,993
Other creditors 201,357 191,721
243,432 174,952
14 Retirement benefit schemes
2025 2024
Defined contribution schames £ £
Chargetoprofitorlossinraspectofdefinedcontributionschemes 15,769 12,728

The charity operates a defined contribution pension scheme for all qualifying employees, The assets of the scheme are held separately from thase of the charity in an independently administered fund,

15 Restricted funds

The restricted funds of the charily comprise the unexpended balances of donations and grants held on trust subject to specific conditians by donors as to how they may be used,

At 1
September		 Incoming
resources		 Resources
expended		 Transfers At 31 August
2025
2024
£ £ £ £ £
Social CareFund 18,890 - (16,000) - 2.890
Education Fund #51 - (754) - -
ESFA 21,475 30,073 (51,488) : -
41,116 30,013 (68,239) - 2,830

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REAL CARE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

15 Restricted funds

Restricted funds {Continued}
Previous year: At 1 Incoming Resources Transfers At 31 August
September resources expended 2024
2023
£ £ £ £ £
Social Care Fund - 16,700 (13,247) 16,037 18,890
Education Fund 3,160 1,200 {4,300) 691 751
ESFA : 21,475 - : 21475
3,160 48,775 (175474 16,728 471,176

Use of restricted funds

Social Care Fund - this relates to small amounts of unspent income carried forward into 2025/26

Education fund - trivial amounts transfered ta unrestricted funds at the year-end

ESFA - Department for Education capital funding far use on the building - this has been spent within the year and includes a new boiler, new windows and other improvaments toa both sites.

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject ta specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes,

Ati Incoming Resources Transfers At 317 August
September resources expended 2025
2024
£ £ £ £ £
General funds 492,638 1,747,893 {7,534,696) - 1,105,835
Previous year: At
September		 Incoming
resources		 Resources
expended		 Transfers At 31 August
2024
2023
£ £ £ gE E
Generalfunds 805,869 1,403,217 (1,299,720) (16,728) 697638

SRD

REAL CARE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

17 Analysis of net assets between funds

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||||||| |---|---|---|---|---|---| |Unrestricted|Restricted|Total| |funds|funds| |2025|2025|2025| |£|F|£| |At|31|August|2025:| |Tangible|assets|304,753|-|a4,|753| |Current|assetsi(liabilities||801,082|2,890|803,972| |1,105,835|2,890|1,708,725| |Unrestricted|Restricted|Total| |funds|funds| |2024|2024|2024| |£|£|£| |At|31|August|2024:| |Tangible|assets|324,948|-|324,946| |Currant|assets/|(liabilities)|567.690|41,116|608,206| |692.638|41,116|933,754|

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18 Related party transactions

There were no disclosable related partly transactions during the year (2024 - none},

==> picture [472 x 203] intentionally omitted <==

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |19|Cash|generated|from|operations|2025|2024| |£|£| |Surplus|for|the|year|TFA ort|124,725| |Adjustments|for:| |Investment|income|recognised|in|staternent|of|financial|activities|{13,634}|(3,739)| |Depreciation|and|impairment|of|tangible|fixed|assets|25,495|40,896| |Movements|in|working|capital:| |(Increase)|in|debtors|(92,557)|(66,544)| |Increase|in|creditors|65,480|56,978| |Cash|generated|from|operations|160,755|152.256| |20|= Analysis|of changes|in|net funds|

----- End of picture text -----

The charity had no material debt during the year.

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