RECISTERED COMPANY NUMBER: 05154613 (EngInd And Wales) REGISTERED CHAIUTY NUMBER: 1115319 Report of the Trustees and Financial Statements for the Year Ended 31 March 2025 for North London Adult Care Ltd (A Company Limited by Guydrantee) BBK Partnership Chartered Accountants & Statutory Auditors l Beauchamp Court 10 Victors Way Barnet Hcrtfordshire EN5 5TZ
North tAJndon Adult Cydre Ltd Contents of the Flnaneial StstenDts for the Year Ended 31 March 2025 Page Report of the Trustees (iDcorpor•ting strateg1¢ Rd dlrectors reports) Report of the Independent Audltor8 Statement of Flnanelal A¢dvlde8 Statsment of Finandal Pojidon io Statement of Cash Flowj li Notes to the Statement of Caih FIOWB 12 Notes to the Flnanelal Statements 13 to 20 Detslled Statement of Flnanclal Actlvltlei 21
North London Adult Care Ltd (Registered number: 05154613) Report of the Trnstees (Intoryorvdtlng Strategie and directors reports) for the Year Ended 31 Marth 2025 The Trustces present their Teport and the audited financlal statements of the charity foT the year ended 31 MaTch 2025. The trustC¢s have adopt¢d the Provisions of the Statemcnt of Recommended Practice (SORP) "Accounting and Rq)orting by Charities" in preparing the annual report and financial slatements of the charity. The financial statements have been PTcpared in accordancc with the a¢UntIng policies set out in noles lo Ihe accounts and comply with the charity's governing document, the Chariti&¥ Act 2011 and A¢¢ounting and Reporting by Charities: Statement of Recon]mended Practice applicable to charities preparing their ac¢ounts in accoTdanc¢ wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. ORIECTIVES AND ACTtVlTtES Our Vision Our vision is of a cornmunity where people lead safe and independent life. Our MISSIOD Our mission is to asscss needs and provide person-centred earc to vulnerable adults in a community while promoting their safely and active participation to achieve positive ouicomes. Our Values We Care - We care about people and sland up for what is right. We Respcct - We are op¢n and honest and value people for who they are. We Learn - We listen, we Work together and we continue to improve. We Lead- Wc are ¢xperts at what we do and makc good ideas happen. ACTIVITIES We offer support to vulnerablc adults with activities of daily living by offffl them choices wh?Ic meeting their linguistic and culturally typecific requirements. Wc support adults with mild learning difficultie%, physical disability, dementia, mental health conditions, sensory impairmcnt, terminal illness and elderly. We offer support with personal care needs and assist adults with medicalion, meals preparation including feeding, shopping, domestict4, laundry and escortin8. We also offer care workers during ihe ni¥ht such as for sleep-in or waking-night and sitting servi¢u to give respite to family Carer's. The charity believes that carerfs play a vital role in supporting many disabled and older people or those suffering from ill health. Without their efforts many more people would have to be accomrnodated in institutional care or provided with a high level of statulory service. CaTcVs provide a positive contribution to society and should be treated with respect and dignity. Fund-ralslng Staudards Informatlon The charitable company docs not engage in external fundraising as its primary source of incorne will be derived frorn its provision of services. Public beneflt In setting out the objectives and planning the tivitIes, the trustees have given careful consideration to complying With the duty in section 17 of the Charities Act 2011 to have regard to the public benefit guidance published by the Charity Commission. STRATEGIC REPORT Athievement and performanee We have a team of 52 care workers who support around 80 service users in the mMunitY in achieving their hcalth well-being outcornes, tota]ling approximately 900 hours of care each week. To cnsuTe care workers have updaled knowledge and skills we have amended our training policy to Tnake some of the essential training mandatory in every 12 months. Apart from offering online training to carc and office aff we also offer onsite training. We have supported 3 care work¢rs in achieving QCF 3 in this financial year. We supervise staff regularly and we have an audit plan in place to review our policy & procedurcs Tegularly. Page I
North London Adult Cthre Ltd (Regtstered number: 05154613) Report of the Trustees (Ineorporfitlng Strategic and dlrectors reports) for the Year Ended 31 Mareh 2025 STRATEGIC REPORT Day CAretDrop In Centre We aT¢ working towards opening a Day Care Centre at our premises, 254 Bowes Road, Nll 2JH for low to medium derthd¢n¢y service users. This would be located on the ground floor and the opcrational offices would be on the fi floor of the new building. We believ¢ this service will also benefit the local community groups and other agenctes providing slmilar services that can use our training facilities. The Day Ccntrc proposa] is feasible as we already have are workers who work for us seven days a week. The Day Centre timetable rota will also provide block hours for our care workers as opposed to domiciliary care of 30 minutes to I hour ai different locations. However due to Covid-19 little progress other than developing and outlined platming pemi8sion from the council. Fill74neAal revlew The charity, through sound financial management and the continued dedication of its management and staffy generated total revenues of £1,123,158 for the year ending 31 March 2025. Although this represenls an increase compared with the revenue generated in 2024, NLAC view% this as a positive outcome given the ongoing financial challen8es within the se¢tor. To further incre&8e revenues in the coming years, we are now focusing on expanding our business volume by strcngthening our rccTUitment ¢fforts, which will enabl¢ us to support a breater number of service users. Prfnelprdl funding $ouree8 The principal funding SOUTCC is now by way of provision of home care services in Enfleld, Harin¥cy & Barnet Boroughs and will remain the only source of income in coming years. Investment pollry and objeetlveg The charity intends to aquire a Tesidential care home and to provide tailor made service to the Asian commLLnity? respecting their cultural and religious needs. As a Tesult of that we have a designated fvnd of half a million pound in a deposit accoum. Reserve8 polley The Managemcnt Committee has re<xamined the charity's r4uirements for r¢s¢rv¢s in light of the main risks to the organisation arising from the new funding arrangements commencing 1st April 2022. It has established a policy whereby the unrcstricted funds not cornmitted or invested in tangible fixed assets held by the charity should be less than 3 months of the expcnditure. The reserves of £200,000 are needed to meet Ihe working capital re4uircment$ of the ¢harity and the Management Committee are confident that as this level they would be able to continue the current activities of the charity in the event of a 8ignifi¢ant drop in fundin& Plan for future perlod8 North London Adult Care is working on a 5-y¢ar action plan that involve8 expansion of current activities. A few point$ of the action plan are highlighted as follows: -Expansion of busincss into another North London borough and to increase the current operation and to double it within the next 5 ycars. -Div¢rsify and increase in terms of client groups and Teach more client grou with different ethni¢ & cultural backgrounds and offer wide rangc services. -To become approved provider for provision of care services with Barnet adult social Services. -To have all ¢are stalT a minimum qualification of Diploma in Health and Social Care to comply with CQC r¢quircments. -ongoing audit for variou5 policy and procedures to improve operational effectiveness. -ongoing training program for th¢ staff development and to rneet Ihe statutory requirements. Page 2
North London Adult Care Ltd (Registered nunther: 05154613) Report of the Trustees (fineorporatlng Strategic And dlreetors reports) for the Year Ended 31 Marcb 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Govcrning document The charily is controlled by its governing document. a deed of trusL and constitutes a limited company. limitcd by guarantec, as d¢fine41 by the Companies Act 2006. The OT¥anisation is a charitabl¢ Company limited by guarantee, incorpordled on 15 June 2Crf)4 and registered as a charity on 14 July 21M)6. The ¢ompany was cstablished under a Memorandum of Association which established the objects and powers of ih¢ company and is governed under its Articlcs of Association. In the event of company being wound up? members are required to contribute an amount nol exceeding £1. Recrultrnent and Appointm¢nl of Management Committee The directors of the company are also charity trustees for the purpose of chaTity law al under the company's Articles known as members of the management committee. Under the rcquirements of Memorandum and Articles of Association, the members of thc Managemeni Committee nominated by the member organisation are appointed for period of three years after which they must b¢ re-elected al the next Annual General Me¢ling. Management Committee is represented by six different OrganitIonS and five individual members. Each member of the Management committee is from a diffcrcnt professional background and offers skills required for smooth and efficient 8lrdtegic and operational planning. OrganiMtlonal structure North London Adult Care (NLAC) has a Management Committee of up lo 12 member$ (Including C¢nter Manager) who meet regularly and are responsiblc for the strdt¢gic direction, policy and overall monitoring of the charity. Committee members wme from a variety of professional backgrounds relevant to the work of the charity. Trustee Inducdon and Tralnln8 Most trustees are already familiar with the prdctical work of the charity having been volunteered for the charlty for the last 10 years. Additionally, new truslees have an induction meeting with Chairman, Viee Chairnian, Secretary & the Treasurer before having a fonnal meeting with rcgislered Manager and hiyjher staff which is aimed to familiarise them with day to day operations, tactical & straiegic planning. The trustees are encouraged to attend seminars and training opportunili¢s on governance. The trustees are constantly looking for professional persons to join the Board particularly with knowledge and expertise in Health and Social car< Human Resources and Fund Raising. A Team Away Day is arranged periodically to bring the Management Committee and all staff members together to ensure that all the Committee members are aware of the opcrational & lartical issues nCernIng the charity. Team Away Day also gives an opportunity for staff rnembers to know Strategic Issues & the overall Aim & Vision of the Charity & agree OTJ the Future Action Plan. Committee members get the opportunity lo discuss what is expectd of each Staff member & what can be done to improve the efficiency of operation. Related partles North London Adult Care works in partnership with other organisations namely: Enfield Bangladesh Welfare Association, Pragati Asian Woman's Association, Community Aid, D• Indian 50 Plus Association (Enfield), Muslim communily and education centre and Enficld Saheli based in the London Borough of Enfield. The Tq)resentalion of local organisations within this group has proved invaluable to the charlty in establishing improved links witbin the cornrnunity and providing effective home care service. Page 3
North London Adult Care Ltd (Registered number: 05154613) Report of the Trusttts (Ineorporatlng strategie and director8 reports) for the Year Ended 31 Mareb 2025 STRUCTURE, COVKRNANCE AIWD MANACEMENT Risk maR4gemellt Thc Management Committee has conducted a r¢view of the major risks to which the charity is exposed. A ri%k system has becn established and is updated at I1 annually. Where appropriate. systems or pro¢edure5 have been established to mitigate th¢ risks the charity faces. Significant external risks lo funding have led io the dev¢lopmcnl of a strategi plan which will allow for the diversification of funding and activities. Internal control risks are minimised by the implementation of procedur&8 for authorisalion of all transactions and projects. Procedures are in place to ensure NLAC meets all the requirements of H¢a]Ih & Social Care Act 2008 (regulated Activities) Regulation 2014 and Care Quality Commission (Registration) Regulations 2009. These procedures are regularly audited and reviewed by NLAC. Though we have Nttds improvement, in one of the 5 Key Line of Enquiry, our overall rating is 'G)d,. We are constantly reviewing our procedures to incotporate good practices and are working towards achieving 'outstanding' rating in the next CQC inspection which is due anytime soon. REFERENCE AND ADMtNISTRATTVE DETAILS Reglstered Company number 05154613 (England and Wales) Rtgi$¢ered Charlty number 1115319 Regl8tered office 254 Bowes Road New Southsate London N112JH Trust BOARD OF TRUSTEESIDIRECTORS Mr T Shaikh (Chair) Mr R V Tailor (Vice Chair) Mr A K A8rawal (Secretary) Mr J K Mandavia (Treasurer) Mr M B Ralunan Mrs K T Pujara Mr A S Billoo Mrs R Hassan Mr B Solanki Mr K R Topiwala Mr J P Palel Audito BBK Partnership Chart¢red Accountants & Siatutory Auditors l Beauchatnp Court 10 Victors Way Barn Hertfordshire EN5 5TZ TRUSTEES, RESPONSIBILITY STATEMEF4T The trustees (who are also the directors of North London Adult Care Ltd for the puoseS of Company law) are r&gponsible for preparing the Report of the TTUStees and the financial statcments in accordance with applieablc law and Unit¢d Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice) including Financial Reporting StandaTd 102 "The Financial Reporting Standard applicable in the UK and Rqyublic of Ireland" Page 4
North London Adult Care Ltd (Registered number: 05154613) Report of the Trustees (ineorporating strategic and director$ reports) for the Year Ended 31 March 2025 TRUSTEES, RESPONSIBILITY STA'I'EMENT- con¢iDued CoMpY law requires the truste¢s to prep&T¥ finaT)¢ial statements for earh financial year which give a true und fair vi¢w of the slate OF affairs of the charitable company and of tlie incoming resour¢¢s and application of T¢source including the incorne and expellditur¢, of the charttabl¢ company for that period. In preparing those financial slalements, thc trustecs are required to select suitydble accounting puli¢i¢s &nd then apply them consistently; obscrve the methods and principles in the Charity SORP. make judgements and estiniales that are Teasonablc and prudcnt. statc whether applicable accounting standards have been followed, subject to any material dcpartures disclosed and expldined in the financial statements. prepare thc financial 8tatemeiits on the going concern basis unless it is inappropriate lo presume that the charitable company will continue in business. Th¢ trustees are responsibl¢ for kccping proper accounting re¢ords which disclose with rea80n&ble a¢¢urftL'y at any lime the financial position of thc charitable company and lo enable Ih¢Tn Iv en¥uw that the financial statements cornply with the Companies Act 2006. They arc also responsible for saf¢guarding the assct8 of the charitable company and hence for taking reasonable steps tOT tlic prcvcnlion and detection of fraud and other irregularilie5. In so f8r as th¢ trustee8 are aware,. Ihere iy no rclcvant audit information of which the chJritablc cOrnpans auditors are unawaTe' and the trustees havc taken all steps that they oughi lo have lakcn to make themselves aware of any relev1 audit information and to establish that tlie auditors 8T¥ 8warc of that inf0mtion. STATEMENT AS TO DISCLOSURE OF INTr'ORMATION I'O AUDITORS So far the INstec& Are Mware, there 15 no relei'ar,; iiiformition (as defin"d by seetion 418 of th¥ C.(Imp8nies Ai'.t 2006) of whi¢h the chai'itsblc company's auditors ar¢ unawarc, and each tntsiec has taken all the steps IhHt they ought lo havc tsken as a trustee in ord¢r lo mak¢ them awarc of any audit inforniation and to estsblish that the charitable company's auditors are aware of thot inforinfttion. AUDITORS Th¢ uudilvrs. BBK Partner8hip, offer tliemselves for sjppointmcnt in accordancv witli S¢Ltion 485 uf the Companies Act 2006. Report of the tte¢s. incorpoi'alin J a Strategic rcport. appmvcd by order of th¢ board of trustees, as the company director& on ..20.. fyl*)o.....ZsWI.S,..,.... and si8iicd on Ihc board's behalf by.. Mr T Shaikl) - Twstee Pagye 5
Report of the Independent AuditOTS to the Members of North lldOn Adult Cgre Ltd Opinion We have audited the financial Siatemcnts of North London Adult Care Ltd (the 'charitable company) for the year ended 31 March 2025 which comprise the Statement of Financial Activitie4 the Statcment of Financial Positio the Statement of C&8h Flows and notc8 to the financial statements, including a summary of significant accounting wlicies. The financial reporting framewoTk that has bcen applied An their preparation is applicable law aT]d United Kingdom ApxountiT]g Standards (United Kingdom Generally Accepted Accounting Praclice). including Financial Rq)ortAng Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In OUT opinion th¢ financial statements: give a true and fair view of the slate of the charitable company's affair4 as at 31 March 2025 and of its incoming resources and application of resource4 including its income and expenditure, for the year then ended. have been Properly prepared in accordance with United Kingdom Generally Accepted Accounling Practice, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" and have been Prepared in accordance with the requirements of the Cornpanies Act 2006. B*519 for oplnlon We conducicd our avdit in accordance with International Standards on Auditing (UK) (ISAS IUK)) and applicable law. Our responsibililies under those slandards are further described in the Audiiors, rcsponsibilities for the audit of the financlal statements section of our report. We are indep¢nd¢nt of the charitsble company in accordance with the ethical requ1MentS that are relevant to our audit of ihc financial statements in ihe UK including the FRC'S Ethical Standard, and we have fulfilled our other elhical responsibilities in accordancc with these requirements. We bcIieve that the audii evidence we have obtained is sufficient and appropriate to Provide a basis for our opinion. Con¢luslon$ relatlng to golng eoD¢ern In auditing the financial stalemenls, we have concluded that lh¢ trusteC%' Usc of the going concern basis of accountin¥ in the preparaiion of the financial statements is appropriate. Base41 on the work we havc perfornied, we have not identified any material unccrtainties relating to events or conditions that, individually or Collectively> may cast significant doubt on the charitable company's ability to continue as a ¥oin8 concern for a period of al least Iwelve month8 from when Ihc financial statements are authorised for issue. Our responsibilities and the responsibililies of the trustees with respect to going ¢oncern are dcscribed in the relevant sections of this report, Other fnformatlon The truslces are responsible for Ihe other information. The (rther Infoml10n comprises the InforntIon included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financiaI statements does not cover the other inforniation and, excepl to the extent olherwise explicitly stated in our report, we do not express any forni of assurance conclusion thereon. In connection with our audit of the financial statements, our r&qponsibility is to read the other inforn]ation and, in doing so, Consider whether the other infonnation is materially inconsistent with the financial statements or our knoWIge obtained in the audit or otherwise appears to be materially misststed. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements them1Ve8. If, bas'ed on the work we have perfornied, we conclude that there is a material misstatement of this other jnfonnati0 we are required to rq)ort thai fact. We have noihing to report in this regard, Oplnlon$ on other matters prescrlbed by tbe Companleg Aet 2006 In our opinioffj based on the work undertaken in the course of the audit: the infonnation given in thc Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Rq)ort of the Trustees has been pr¢pared in accordance with applicable legal requirements. Pagc 6
Report of the Independent Auditors to the Members of North London Adult Care Ltd Matters on which we are required to report by ex¢eption In the light of the knowledge and understanding of thc charitable company and its environment obtained in the course of the audiL we have not idcntified material misstatements in the Report of the Trustees. We hav¢ nothing to rq)ort in respect of the following rnatters whcTC the Companies Act 2006 requires us to TCPOrt to you if, in our opinion: ad¢quate accounling records have not been kq)t or returns adequate for our audil hav¢ not been receivd from branchcs not visited by us. or the fUnCIal stat¢ments are not in agreement with the a¢¢ounting records and Teturns. or certain disclosur¢s of trusttts, remuneration splfied by law are not made; or we have not received all the inforn)ation and cxplanations wc rcquire for our audit. Re%ponslbllltfi¢$ of trustees As explained more fully in the Trustees, Responsibilities Slat¢ment, the trustees {who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such inteTnal control as the tNsteas detenninc is necessary to enable the preparation of financial statements that are free from material misstatcment, whether due to fraud or error. In prq)aring the financial stat¢ments, the truste&% are responsibl¢ for &%sessing the charitable company's ability to continue as a going Concern, dis¢losin¥, as applicable, matters related to going concern and using the going concem basis of accounting unless Ihe trUSS either intend liquidate the charitsble company or to cease operation8, or have no realistic aitcrnativ¢ but to do so. Our re8pon$lblllties for the audit of ihe financlal statem¢nt$ We hav¢ been appointed as auditor under section 144 of the Charities Act 2011 and report in aeeordance with regulationy made under section 154 of that Act. Our objectives are lo obtatn re&sonablc assurance about whether the financial staiements a whole arc free from material misslatement, whethcr due to fraud or error, and lo isyue an auditorfs 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 ISAS (UK) will always delect a malerial misslalemenl when it exis18, Misstatements can arise fmm fraud or error and are Considered material if, individually or in the aggregalc, they could reasonably be cxpected to influence the economic declsions of users taken on the b&sis of these financial siatemcnts. We obtained an understanding of the legal and regulatory frameworks applicable io the charitable company and Ihe sector in which it operates. We obtained an underslanding of how the charitable company is Complying with those legal and regulatory frameworks by making enquires to management. We corroborated these enquires through, where applicable, our review of trustecs, rninutes. We assessed the 8¢eptibiljtY of the charitable company's financial staternents to material mist*tatements, including how fraud might occur. Audit procedures perfomied by the engagement team included: - identifying and assessing the design effectiven&8$ of controls management has in place to prevent and detect fraud. understanding how those charged with governance considered and addressed the potential for override of control or other inappropriate infiuences over the financial reporting process. - challenging assumptions and judgements made by the management in its significant a¢¢ounting estimat&s: - identifying and testing journal cntries, in particular any unusual journal entries: and - assessing the extent of compliance with relevant laws and regulations. We did not identify any key audit matters r¢lating to I¢gularitA4 including fraud. Page 7
Report of the Independent Audltors to th¢ Members of North London Adult Care Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including thosc leading to a malerial misstatement in the financial statemcnts or non-compliance with rcgulation. This risk increases the morc that complianc¢ with a law or regulalion is removcd from the events and transactions reflectcd in the financial statements. as we will be l¢ss likcly to be£ome aware of instances of non-compliance. The risk is also greater regarding iTrcgularities OccuIng due to frdud rather tlwi C0[. as fraud involves int¢ntionai concealmcnt, foTg¢ryg collusio omission or misrwresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forn]s part of our Report of the Tndependent Audilors. Use of our report This report is made solely to the clwitable company's members, as a body> in accordance wilh ChapteT 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we mighi stale to the charitable compan$ mernbers those matters we are required to state to Ih¢m in an auditors, report and for no other purpose. To Ihc fullest extent permilted by law. w¢ do not accept or assumc T¢sponsibility to anyone otber than the charitabl¢ company and the charitable Company's members a body. for our audit worL for this report, OT foT th¢ opinions we have fornied. Alan Kaye (Senior Statutory Auditor) for and on behalf of BBK Partncrship Chartered Accountant5 & Statutory Auditors l Beauchamp Court 10 Victors Way Barnet Hertfordshire EN5 STZ Page 8
North London Adult Care Ltd Stitement of Financial Aetivities for the Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Tota] funds Unrestricted fjjnds Restricted fjjnds Notes INCOME AND ENDOWMENTS FROM Cbaritable a¢tlvities Home Care Services ,115,450 1,1 15.450 867,194 Investm¢nt income Total 1123 158 1123 158 873 374 EXPENDITURE ON Charitable a¢tlvltle8 Home Care Services 1087 493 1087 493 NET INCOMEI(EXPENDITURE) 35,665 35,665 {34,366) RECONCILIATION OF FUNDS Total funds bTOU8ht forward 1,411,254 1,411,254 1,445,620 TOTAL FUNDS CARRtED FORWARD 1446 919 1446919 1411254 The notes fonn part of these financial statements Page 9
North London Adult Care Ltd Statement of Fln2nclal Position 31 M#rcb 2025 31.3.25 Total 31.3.24 Total fjjnds U]]restricted R&stricted funds Notes FIXED ASSETS Tangible assets 12 686,481 686.481 696,665 CURRENT ASSETS Debtors C&sh at bank and in hand 13 138,934 716 670 138,934 716 670 84,853 855,604 855,604 747,557 CREDoRs Amounts falling due within one year 14 (95,166) (95,166) (32,968) NET CURRENT ASSETS 760 438 760438 714589 TOTAL ASSETS LESS CURREI¥4T LIABILITIES 1,446,919 1,446,919 1,411,254 NET ASSETS 1446919 1,446,919 1411254 FUNDS Unrestricted funds: General fund 15 1,446,919 1,411,254 TOTAL FUNDS 1,446,919 1,411,254 The financial stAtemellts were approved by the Board of Tntcet1 and authorised for issue on Aw£t4laQ....2p.i.<and w¢r¢ sign¢d on its b¢half by: Mr J K Mandavia - Truste¢ The notes forni part of these financial statements Pagc 10
North IndOn Adult Care Ltd Statement of CA$h Flows for the Year Ended 31 Mch 2025 31.3.25 31.324 Notes Cash floTVS from operating activlties Cash generated from operations 46.746 371 Net cash provided byl(u5ed in) operatlng activities 32.371) Cash flows from Invesdng aetivitles Purchase of tangible fixed assets Interest rec¢ived (488) {599) Net cash provided by investing activities ChAnge in ea8h and cash equlvalenl8 In the reportAng perlod Cash and cash equlvalents at the begllllllD8 of the rtportlng perlod 53,966 {26,790) 689 494 Cash and ¢A8h tqulvalents at the end of the reportlng perlod 716 670 The notcs form part of these financial stat¢m¢nts Pagell
North London Adult Care IAd Notes to the Statwllent of Cash Flows for the Yeor Ended 31 March 2025 RECONCILL4TION OF NET INCOMEI(EXPENDITURE) TO NET CASll FLOW FROM OPERATIIYG ACTivrfiES 31.3.25 31.3.24 IY¢t kncome/(expendlthre) for the reportlng period (a$ per the ststement of FinYdn¢ial Activitles) AdJu$tments for; Depreciation charges Interest received Increase in debtors Increase in creditors 35,665 (34.366) 10,672 (7,708) (54,081) 10,987 (6,180) (I I,(Ki8) Net Cash provlded byl(u8ed Ln) operatlon6 32 371) ANALYSIS OF CHANGES IN NET FUNDS At 114124 Cash flow Al 3113125 Net CA5h Cash at bank and in hand 716 670 716 670 Tolal 662 704 716 670 The notes foTm part of these financial statements Pagc 12
North tA)ndon Adult Care Ltd Notes to the Financial Ststements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Ba$1$ of preparlng the financial $tateJnents North London Adult Care is a private company limiled by guarantee in England. The address of th¢ registered office is detailed &s part of the report to the trustees of these financial statcmcnts. The nature of the charitYs operations and principal activities are the provision of support services principally of Asian origin. The charity constitutes a public benefit entity as defincd by FRS 102. The financial statements have been prepared in accordance with Accoltil)g and Reporting by Charities: Statement of Recommended Prwlice applicable to charities preparing their accounls An accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Finan¢ial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charitics Act 2011, Ihe Companies Act 2006 and UK Generally Accepted Accounting Practice. The flnanciaj statements are prepared on a going concern basis under the historical Cost Conventio modified to include certain items at fair value. The financial statements are presented in sterling which is the functional Currency of the charity and rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set ovt below. These policies have been consistently applied to all years presented unless otherwise statcd. Slgnltl¢ant Judg¢ments aud estimate$ In the application of the charitable company'5 accounting policie5, the trustees are required to make judgemenls, e5timales and assumptions about the carrying amount of ihe asbets and liabililies that are not readily apparent from other sources. The estirnates and associated assumptions are bascd on historical experience and .other faclora that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions ar¢ reviewed on an ongoing basis. Rcvisions to accounting estimates ar¢ recognised in the period in which the estimates is revised where the revision affect8 only that period, OT in the period of the revision and fuiure p¢riods where the revision affects both current and tUre periods. Income All income 15 recogniscd in the Statement of Financial Activities once the charity has entitl¢ment lo the funds, li is probablc that the incorne will be rcccived and the amount Can be Mcllred r¢LiabLy. The following specific policics are applied io particular categories of incom¢', Income from donations OT grants is TOgnISed when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Legacy income is recognised when receipt is probable and entitlement is established. Income from donaled goods is measured at the fair value of the goods unless thiti is impractical lo mllre reliably, in which case the value is derived from the cost to the donor or eslimated resale value. Donated faciliti&s and services arc recognised in the accounts when received if the value can be reliably measured. No amounts are included foT the contributlon of gcncrdl volunteers. Income from the rontracts for the supply of servic¢s is recognised with the delivery of the contracted service. This is classified as unTestrictcd fiLnds unless there 1$ a contractual requiTernent for it to be spent on a particular PuO$C and returned if Unspent, in which case it may be regarded as restricted. No amount is included in the financia] ststements for voluntKr time in line with the SORP. Page 13
North London Adult CAre Ltd Notes to the FlnaneiAI StA¢ements - wntinued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued Expendlture Liabilities are recognised as expenditure as soon as there is a l¢gal or constructive Oblilon committing the charity to that expenditure, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accTuals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings th¢y have been allocated to activities on a basis consistent with the usc of ra8ource5. Support eo$ts allocatlon Support costs are those that assist the work of the charity but do not directly represent charitable activities and include ofTice costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings ihey have been allocated to cost of raising funds and expenditure on charitabl¢ activities on a basis consistent with use of the resources. Fund-raising costs are those incurred in seeking voluntsry contributions and do not include the Costs of disseminating inforniation in support of the charitable activities. Governance costs Governance costs include those cost a&socia¢ed with mecting the constitutional and statutory requ1MentS of the charity and include the audit fees and cost$ linked to the strategic management of thc charity. Allocatlon fdnd ApportAonment of colts Support cosl are those functions that assist the work of the charity bul do not directly undertake charitable activities. Support costs iTJclude back office cost4 finance, personal> payroll and gov¢rnance costs which support the trusts programmes and activities. These costs have been allocated between cost of raisin8 funds and expenditure on charitable a¢livilies. Tan8lble flxed a8$ets Depreciation 1$ provided at the following annual rates in order to WTite off ea¢h asset over its estimated useful life, Short leasehold Long leasehold Fixtures and fittings 20/0 on cost 19/0 on ¢ost 200A on co Taxadon The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is consideTcd to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therdore it meets the definition of a charitable company for UK corporation tax PUTPOSCS. Fund accountlng Unrestricted funds can be used in a¢cordaDce with the charitable objectives at the discretion of the trustees. Designated Funds are funds set aside by the tnl¢eS out of the unKstri¢ted general ndS for 4)ecific future purpo8es or proj¢cls. Restricted funds can only bc used for particular restricled purposes within the objccts of the charity. RestTl¢tions arise when specified by the donor or when funds are raised for particular restrirtcd purposes. Further explanation of the nature and pu0$¢ of each fund is included in the notes to tbe financial statements. Page 14
North London Adult Care Ltd Notes to the Financi Statements - eontlnued for the Year Ended 31 Mareb 2025 AccouKfiNG POIJCIES - continued Hlre purchas¢ 4nd leasing commttm¢nts Renials paid under operdting Icases are ¢harged to the Statem¢nt of Finan¢ial Activities on a straight line basis over th¢ period ofthe lease. Pension costs and other post-retlrement beneflts The charitable company operales a defincd contribution pension Scheme. Contributions payable to the charitsble company's pension scheme are charged io ihe Slatement of Financial Activities in the period to which they relate. Donated seee% Vdnd faclllties Donated professional services and donated facilitias are reeognized as income when the charity has control over the item, any conditions asbociated with the donaied item have been met, the receipt of economic benefit from the use by the charity of the item is probable and Ihat economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recogni2ed aDd refer to the truslees, annual report for more informalion about their contribulion. On receipt, donated professional services and donated facilities recognized on the basis of the value of the gift to the charity which is the amount the charity would have bcen willing lo pay to obtain services OT facilities of equivalent economic benefit on the open market,. a Corresponding amount is then recognized in cxpcnditurc in the period of rKeipi. TrAde debtor8 Debtors Trade and other debtors are recognized al thc settlement amount duc after any trade discount offered. Prepayments are valued al the amount prepaid nct of any trade discounts du¢. Cash at bank and In hand Cash at bank and cash in hand includes ¢ash and short lerni highly liqutd invesiments with a short maturity of three months or less from th¢ date of acquisition or opening of the deposit or sirnilar a¢¢ount. Credltors Creditorn are recognized where the charity has a present obli¥ation r¢$ulting from a pat•t event Ihal will probably result in the Irdnsfer of funds 10 a third party and the amount due to settl¢ the obligation Can be measured or estimated reliably. Creditors are nornya]ly recognized at Ihcir settlement amount afier allowing for any trade discounts due. Impalrment Assets not me&8ured at fair value are reviewed for any indication that the asset rnay b¢ impaired at each balance sheet date. If such indication exis the rccoverable amount of the assct, or the asset's sh generating unit, is estimated and compared to the carrying amount. Where the canyin¥ amount CA$ ils recov¢rable amount, an impairn)¢nt loss is re¢ognized in profit or loss unless the asset is carried at a revalued amount where the impairnient loss is a revaluation decrease. Provlslons Provisions are recognizcd when the ¢harily has an obligation at the ba]ance sheet dale as a result of a pas¢ event, it is probable that an outflow of economic benefits will be required in stttl¢ment and the amount can be reliably gtimated. Golng con¢ern Thc financial Statements have been prepared on a going concern basis as thc trustees lieVe that no material uncertainties exist. Thc trustees have Consider the level of funds h¢ld and the expected level of income and expenditure for 12 moDths from authorising these financial statements. The budgeted income and expenditure is sufficient WTth the level of r¢serves for the chaTity to be able to continue as a going concern. Page 15
North ndtt Adult Care Ltd Notes to the Fllllncial Statements - contlnued for the Year Ended 31 Mareh 2025 INVESTMENT INCOME 31.3.25 31.3.24 Bank Interest Rcc¢ivable 6,l80 INCOME FROM CHARITABLE ACTIVITIES 31.325 31.3.24 Activity Hom¢ Carc Services Home Care Servicas 1115450 CHARITABLE ACTIVITIES COSTS Support costs (see note 5) Direct Costs Totals Hom¢ Care Services 1070 723 1087 493 SUPPORT COSTS Govemance costs Other Totals Home Care Scrvice8 NET INCOME/(EXPENDITURE) Net incomcl{expenditure} i$ staled after chargin(Crediting). 31.3.25 31.3.24 Depreciation - owned ass¢ts Other opcrating leases 10,672 10,987 AUDITORS, REMUNERATION 31.3.25 31.3.24 Fees payable to the charity's auditors and their associates for the audit of the charity's financial statements Page 16
North London Adult Care Ltd Not&q to the Finan¢Aal Ststements - eODtinued for the Year Ended 31 Mareb 2025 TRUSTEES, REMUNERATION AND BENEFTrs There were no tsteeS, remuneration OT other bcnefits for the year ended 31 March 2025 nor for Ihe year ended 31 March 2024. STAFF COSTS 31.3.25 31.3.24 Wages and salaries Social security costs Other pension Costs 948.612 63,090 785,465 42,182 1029 843 The average head count of employees during the year was 61 (2024.64) The avcrage monthly number of employees during the year was as follows: 31.3.25 31.3.24 Number of Administrative Staff Number of Hornecare Staff 52 56 61 No employees recelved cmolurnents in ex¢ess of £60.000. io. COMPARA TIVES FOR THE STATEMENT OF FINANCIAL ACTIVJTIES UnrestTiCted fjjnds Restricted funds Totsl funds INCOME AND ENDOWMENTS FROM Charltable artlvlde5 Home Care Servi¢¢s 867,194 867,194 tnvestment income Tolal 873 374 873 374 EXPENDITURE ON Charitable actlvities Hom¢ Care Services 907 740 907 740 NET ]NCOMEI(EXPEI¥4DITURE) (34,366) (34,366) RECONCILIATJO]Y OF FUIYDS Total funds brought forward 1,445,620 1.445,620 TOTAL FUNDS CARRIED FORWARD 1411254 1411254 Page 17
North London Adult Care Ltd Notes to the Financial Statements - ¢ontlnued for the Year Ended 31 March 2025 ii. PENSIONS AND OTHER POST-RETIREMENT BENEFITS The charity operate5 a defined contribution pension plan for its employees. The amount reCognisl as an expense in the period was £18,141 {2024 - £13,901). The defined contribution liability is a]located to utyestricted funds. 12. TANCIBLE FIXED ASSETS Fixtures Short leasehold Long leasehold fittings Totals COST Al l April 2024 Additions 256,843 505,OCrf) 61,427 488 823,270 488 At 31 March 2025 823 758 DEPRECIATION At l April 2024 Charge for year 30,685 35.350 60,570 485 126.605 At 31 March 2025 137 277 NET BOOK VALUE At 31 March 2025 221021 464 600 686481 At 31 March 2024 226 158 469 650 857 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debiors Prepayments 136,829 83,001 138 934 Page 18
North lldoll Adult Care Ltd Note8 to the FiDanelal Statements - conilnued for the Year Ended 31 March 2025 14. CREDITORS: AMOUNfs FALLING DUE WITHIN ONE YEAR 31.3.25 31.324 Tradc rdItorS Social security and other taxes Net Wages Pension Fund Accrued expenses 2,790 13,769 5,925 3,684 6,800 15,870 68,063 4,533 15. MOVEMENT IN FUNDS movement in funds At 3113125 At 114124 Unre8trleted hDds General fund 1,411,254 35,665 1.446,919 TOTAL FUNDS 1411254 1446919 Nd movcrncnl in funds included in the above are as follows: tncoming resources Rcsources expended Movement in funds Unrestricted fund8 General fund 1,123,158 (1,087,493) 35,665 TOTAL FUNDS 1123 158 1087 493 Compvlrgtives for DVernet in fundi N¢t movement in funds At 3113124 At 114123 Unre5trl¢ted fund8 General fund 1,445,620 (34,366) 1,411,254 TOTAL FUNDS 1445 620 1411,254 Page 19
North London Adult Care Notes to the Financial St&tement8- continued for the YeAr Ended 31 March 2025 15. MOVEMENr FUNDS - eontinued Comparative net mov¢m¢nt in funds, includ¢d in the above arc as follows: tncoming rcsourccs Resourc¢s expended Movement in funds Unrestrlcted funds General fund 873,374 (907.740) (34J66) TOTAL FUIYDS 873 374 907 740) 34 366) 16. RELATED PARTY DISCLOSURES tndOn Borough of Enfield provides the majority of funding to enablc the charity to cany its charitable objectives. Page 20
North London Adult Care Ltd Detailed Statement of Financlal Aetivities for tbe Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Investment Income Bank Interest Reccivable 7,708 6,180 Charitable gctlvltles Home Care Services 1115450 867 194 Total In¢onng resources 1,123,158 873,374 EXPENDITURE ChArltable actlvltles Wages Social s¢curity Pensions Hir¢ of equipment Rates and water Insurance Light and Heat Telephone Postage and stslionery Repair & M8intenancc Motor & Travel Refreshments Bad Debi Cornpulcr Acce&8ories Advertising Recruitment Expenses Short leasehold Long leaschold Fixtures and fittings Training cost 948,612 63,090 18,141 5,902 375 3,957 5,562 2,917 1,817 3.340 911 816 785,465 42,182 13,901 6,636 263 5,939 5,560 5,586 2,239 9,287 1,293 1,375 (930) 336 413 311 5,137 5,050 800 337 1,063 51 5,137 5,050 485 1,070,723 892,937 Support costs Other Prof1onal fccs 10,070 8,103 Covtrnance c08ts Auditors. remuncration Total rcsources expended 1087 493 907 740 Net Ineomel{expenditur¢) (34,366) This page does not forn] part of the ststutory financial statements Page21