Company registration number. 07139585 Charity registration number. 1136373 Aapna Services Ltd (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025
Aapna Services Ltd Contents Reference and Administrative Detsils Trustees, Report 2to6 Independent Auditors, Report 7t010 Consolidated Statement of Financial Activities 11 Consolidated Balan Sheet 12 Balance Sheet 13 Consolidated Statement of Cash Flows 14 Statement of Cash Flows 15 Notes to the Financial Statements 16to29
Aapna Services Ltd Reference and Administrative Details Chief Executiv8 Officer knita Puri Trustees Wahida Hussain Najabat Ramzan Anu Ahitan Dinesh Kumar Puri Charity Registration Number 1136373 Company Registration Number 07139585 Registered Office Aapna House 31-35 Eastboume Road Middlesbrough TS5 6QN Independent Examiner Mr Anthony Blueitt Chartered Accountants and Statutory Auditors Chuhan and Singh Partnership Limited 81 Borough Road Middlesbrough TS13AA Page 1
Aapna Services Ltd Trustees. Report The trustees, who are directors for the purposes of company law. present the annual report together with the financial statements and auditors, report of the charitable company for the year ended 31 March 2025. Objectives and activities Objacts and aims Aapna has been consistently working hard to achieve its objectives. It has been strengthening its position by improving and expanding its range of services. Aapna has grown to set up new services and has shown consistent growth of lis business in new areas of care services. The aim of the charity is to promote social inclusion for the public benefft by working with people from black and minority ethnic (BAME) and others who are socially excluded on the grounds of their age, disability, gender, sexual orientation. ethnic origin, religion. belief or creed, in particular, but not exclusively by- 1. Providing local neork group within the United Kingdom that encourages and enable the said beneficiaries to partycipate more effectively wthin the wider community. 2. Increasing or co-ordinating opportunities for the said beneficiaries to engage with seNice providers, to enable those providers to adapt senilS to better meet the needs of the beneficiaries", 3. To preserve and protect the health of those caring for people with physical, mental, learning or sensory impairment within the family home or by offering respite service through the provision of community based and residential based care services close to home. increasing the opportunities for the said beneficiaries to live in the communty independently within domiciliary care support. 4. To relieve financial hardship among BAME people and their dependents living within the United Kingdom by associating together with Local Authorities. voluntary and other organisab'ons in a common effort to advance education and provide faciltties in the interest of social welfare for recreation. Leisure ts.me occupation with the objeth.ve of improving the conditions of life for BAME 5. To relieve vulnerable people resident in social housing who are in need. by providing specially designed and adapted housing, and items, services or facilities calculated to relieve the needs of such persons. Public benefit The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefft guidance published by the Charity Commission for England and Wales. Use of volunteers The charity benefits from the b.me and effort provided by S volunt*rs. The trustees would like to take this opportunity to thank the staff, volunteers and service users for their hard worf( and c¢>operation through out the year. Page 2
Aapna Services Ltd Trustees, Report Achlevements and perfoman¢e Ladies Day Care: This seNice runs three times a week. We have clients coming from Middlesbrough, stockton and Redcar and Cleveland area. we have built up the setvice to accommodate more than 65 women. We receive referrals from professionals to attend the Servi but sometimes the seniice is also offered to individuals on a self-referral basis who do not qualify to receive asSiStsn from social services. Aapna has an open-door policy to offer support to all who are in need of information, advice and guidan. The demand for day care provision has increased post Covid. We provide many acttvities to the women, including chair-based exercise. massage: information-sharing on health issues, weight management programme, diabetes and cancer infomiation sharing sessions. The service is very popular among people of the local communty. Men's Day Care.. This provision is provided to support elderly men from BAME population to enhance their life experien. This group meets tsvo days a week. it is a mixed abilty group of individuals who might have mild to moderate mental health issues, dementia and physical disability. Various therapeutic activities are provided. The aim of the Servi is to eliminate isolation. reduce loneliness and to improve social contact. We recetve referrals from Middlesbrough, Stockton and Redcar social SeNiS departments. we are known to provide Servi to individuals who might not mt social ServIS criteria but would benefit from attending the Servi to improve their mental well-being. The number of attendees have gradually increased this year. We offer the Servi to 10-15 men each week. Leaming Disability Services Day care: LD day care provision is well established. We provide this Se1 to more than 18 clients of various abilities. The majority of the clients are male and have additional disabilities. The staff hold weekly m&tings with the client to go through the weekly activity plan. The clients are given support and every opportuntty to choose their weekly activrties and discuss any issues at the meeting. Every dient has a person4entred plan based on their wants and wishes. This plan gets reviewed periodically to reflect their achievements. Nursing students from Teesside University are regularfy placed in this seNice to gain BAME perspective and to gain community experience. The service is well established and the referras from professionals have increased to reflect the good quality SeiCe we delThier. Learning Disabilility Services Residential servi1ReSplte Care". We STgned a short break contract with Middlesbrough and Redcar and Cleveland Council last year. We are currently providing the short break Servi in the community to children under 18 years old. Our short break referrals for children have increased in demand. We have quite a few complex packages and all of the staff are well trained to deliver complex needs. We get quite a few referrals from Continuing Health Care. We also offer adult short breaks, in the evening, to carry out an activity of the client's choice once a week. The seNice is for four hours and supported by two qualtfEd staff. transport is provided to the clients, where necessary. Aapna has purchased three properties to devdop Residential Care and Respite ServIS for adults with leaming difficulties and autism. Our mid-temi plan is based on how many referrals we re4Ve from Redcar and Cleveland Council to set up a day care facility within the boundaries of Redcar Council with all modem amenities for individuals with complex needs. Page 3
Aapna Services Ltd Trustees. Report A four-bedroom Victorian propety has been bought to provKle respite care for four individuals. This propety is situated in the heart of Linthorpe. It has bn improved and refurbished with full planning permission to set up a building-based service. The rtificate of lawfulness has been obtained from the council. Currently, we have one resident living at the property vA)o was placed on emergency placement and is waiting to be moved into a residential setting on a permanent basis. An application to register this property with CQC as a respite home has been made. A three-bedroom property on the outskirts of Acklam. was purchased two years ago to Pla a young woman at the request of NECS commissioning unit. The property has been fully improved and refurbished to meet CQC standards to register as a Iwcthdroom residential home for adults with learning disabilits'eslautism. An application to the CQC has been made to register this propety. Aapna purchased another propety in Linthorpe to set it up as a IbedrOOM residents.al home. On the property has been registered, the Gharty will move a resident into this propety as their pemanent residential placement. This propety was purchased wrthin the close vicinity of the person's current accommodation, keeping the young person's psychological needs in mind. A full team of professionals from drfferent agencies responsible for the care of this young person have been fully involved in the process and recommended the suitsiblilty of the property. An occupats.onal therapist from the disability services is involved in the preparation and refurbishment of the building. The alterations to this property are currenty ongoing. an application to register this propety with CQC has been made. Dementia Setvice: Regular referrals from the Older people mental Health team are received to provide day care or one-tone support at home. All the staff who work with dementia patients have a minimum of level 2 in Demenb'a Awareness training. Home Care setv1, This was one of the core services Aapna provided to the communities We provide support to individuals to keep living independently in the community as long as possible. This service was sold to a third-party last year. Counselling: the bilingual counsellor has been with Aapna for several years and has been Consistently providing valuable service to BAME communities. We have noticed the change in the trends of the referrals. More and more individuals are walking through the door and self-referring for this service. The counsellor delivers this vital se1 to anyone from the Tees Valley area. Our contract funding has ended with Allian, but we negotiated with CCG who agreed to cary on funding this valuable Sery1 via Alliance Psychological Servi. Financial revlew this year has seen a drop in the net income for the charity mainty due to the sale of the domiciliary home care serViS during the year. There are also some other contributory factors, such as the rise in minimum wage. staff sickness levels and Iwal authorities have kept the unit cost for allcontracted services to a minmum, reducing the net income margin. Policy on erVeS During the year, the domiciliary home care service was sold. so that the charity can concentrate on developing the Short Break servi and Residential Care serViS. Free reserves at the end of March 2025 were £2,859,725. The trustees aim to maintain free reserves. being residual reserves after allowng for funds tied up in tangible fed assets. of approximately 9 to 12 months running costs. The free reserves will also be used to carry out refurbishment of the above properties and continuously maintain and improve the properties. Once the current properbes are up and Nnning successfully, the trustees will consider using the reseNes to purchase additional propertkes. if the Respite Care and Residential Care seNis prove to be successful. Page 4
Aapna Services Ltd Trustees. Report Stru¢tureJ governance and management Recruitmant and appointment of trustees The trustees are recruited from a rM)ol of individuals who support the organisation. Induction and training of trustees Potential trustees are briefed by the manager and given copes of relevant policies and prdureS and appropriate training of roles and responsibilities is carried OUL Organisational structure The trustees are responsible for the strategic objectives of the charity. The day to day running of the organisation is delegated to the manager who regularly reports to the trustees. Financial instruments Objectives and pollcies The group's activities expose it to a number of financial nsks including credit risk, cash flow risk and liquidity risk. The use of financial derNatives is goveffled by the group's policies approved by the board of trustees. which provide Written principles on the use of financial derivatives to manage these risks. The group does not use dertvats've financial instruments for speculative purposes. Liquidity risk In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the group uses a mixture of long-tem and short-term debt finance. Further details regarding liquidty risk can be found in the Statement of a(UntIng policies in the rinancial statements. Page 5
Aapna Services Ltd Trustees. Report Statement of trustees. responsibilitles The Iwstees (who are also the directors of Aapna servIs Lld for the purposes of company law) are r&swnsible for preparing the trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice), including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.. Company law require5 the Irustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial stalements unl&ss they are salisfied that they give a tW8 and fair view of the stste of affairs of the parent charttsble company and the group and of the incoming resources and application of resources, including its income and expendtture. of the charitable group for that period. In preparing these financial slatemants, the tNstees are required to.. select suitable accounting policies and appty Ihem consistentty" observe the methods and rxinaples in the Charities SORP. make judgements and estimates that are reasonable and prudent" state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departuras disclosed and explained in the financial ststem8nts," and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the parent charitable company will continue in business. The trustees are responsible for keeping Fryer accounting records that can disclose with reasonable accuracy 8t any time the financial position of the parent charitable company and the group and enable them to ensure that the finanGial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the parent charitsble company and th8 group and hence for taking r8asonable steps for the prevention arKI detection of fraud and other iwulartties. The trustees are responsible for the maintenance and integrity of the rpOrate and financial information included on the charitable companvs website. Legislation governing the preparation and dissemination of financial sL2tements may differ from legislation in other jurisdictions. Disclosure of Infomiation to audltor Each trustee has taken steps that they ought to have taken as a trustee in order trj make themselves aware of any relevant audit information and lo establish that the charity's auditor is aware of that infomiation. Th8 trustees confimi that there is no relevant information that they knL)w of and of which they know the auditor is unaware. The annual report was approved by the trustees of the charty on behalf by: and signed on its Dinesh Kumar Puri Trustee Page 6
Aapna Services Ltd Independent Auditor's Report to the Members of Aapna Services Ltd Oplnion We have audited the financial statements of Aapna seNis Ltd (the 'charitable parent company,) and its subsidiaries (the 'group') for the year ended 31 March 2025. which comprise the Consolidated Statement of Financial Acttvities, Consolidated Balance Sheet, Balan Sheet, Consolidated Statement of Cash Flows, Statement of Cash Flows and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparatr'on is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally ACp(ed Accounting practi). In our opinion the financial statements.. gtve a true and fair view of the state of the group's and parent charity's affairs as at 31 March 2025 and of its incoming resources and application of reSoUrs, including its inGome and expenditure, for the year then ended" have been properly prepared in accordance with United Kingdom GeneralW ACpted Accounting Practice- and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordan with Intemational stsndards on Auditng (UK) (ISAS (UK)) and applicable law. Our responsibilib'es under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden we have obtained is suffi'cient and appropriate to provide a basis for our opinion. Conclusions relating to going concem In audits'ng the financial statements. we have concluded that ihe tDJstees use of the going conrn basis of accounting in the preparation of the financial staternents is appropriate. Based on the work we have perfomied. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concem for a period of at teast twelve months from when the original financial ststements were authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Other inforniatlon The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditorfs report thereon. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Page 7
Aapna Services Ltd IndependentAuditorfs Report to the Members of Aapna Services Ltd In connection with our audtt of the financial ststements, our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtsined in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent matsrial misstatements, we are required to determine whether there is a material misststement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matter prescrlbed by the CompanAes Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the and Trustees. Report for the financial year for which the financial statements are prepared is consistent with the financial statements" and the and Trustees, Report have been prepared in accordan with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the group and the parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the and the Trustees, Report. We have nothing to report in respect of the following matters where the Gompanies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept by the parent charitable company, or retums adequate for our audit have not been received from branches not visited by us" or the parent charitable company financial statements are not in agreement with the accounbng records and returns" or certain disclosures of trustees remuneration specified by law are not made", or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Ststement of trustees, responsibilities (set out on page 6). the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such intemal control as the trustees determine is necessary to enable the preparation of financial ststements that are free from material misstatenEnL whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to continue as a going cOnrn, disclosing, as applicable. matters related to going concem and using the going concem basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic altemative but to do so. Page 8
Aapna Services Ltd Independent Auditorfs Report to the Members of Aapna Services Ltd Auditor responsibilities for the audit of the financial ststements Our objecb'ves are to obtain reasonable assuran about whether the financial ststements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditrJrfs report that includes our opinion. Reasonable assuran is a high level of assuran, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misststement when it exists. Misstatements can arise from 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 extent to which our prccedures are capable of detling irregularities, including fraud is detailed below.. We gained an understsnding of the legal and regulatory framework applicable to the charity and considered the risks of acts by the charity that are contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting material rnisstatement due to fraud is higher than the risk of not detecting one SUlting from error. as fraud may involve deliberate conaLMent by, for example, forgery or intentional misrepresentations, or through collusion. Based on our understanding of the charity and the environment in which it operates, we identified that the principal risks of non-complian with the laws and regulations related to social care, safeguarding. employment, health and safety regulations and charity law. We also considered those laws and regulations that have a direct impact on the financial statements including, but not limited to the Charities Act 2011, Companie5 Act 2006, the Charities (Accounts and Report) Regulations 2008 and the Charities SORP (FRS 102). Our tests included agr&ing the financial statement disclosures to the underlying supporting documentation and enquines of management. We also addressed the risk of management override of internal controls, including evaluating whether there was eviden of bias by the trustees that represented a risk of material misstatement due to fraud. Owing to the inherent limitations of an audit. there is an unavoidable risk that some material misstatements in the financial statements may not be detected, even though the audit is properly planned and perfornied in accordance with the ISAS (UK). For instan, the further removed non-complian is from the events 2nd transactions reflected in the financial statements, the less likely the auditor is to become aware of it or to recognise the non-complian. Page 9
Aapna Services Ltd Independent Auditorfs Report to the Members of Aapna Services Ltd Use of our report This report is made solely to the charitable parent company's trustees, 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 group's trustees those matters we are required to state to them in an auditof s report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charitable parent company and its trustees as a body. for our audit work, for this report, or for the opinions we have fomied. eL.* (Senior Statutory Auditor} For and on behalf of Mr Anthony Bluettt, Statutory Auditor 81 Borough Road Middl@sbrough TSI 3AA '2G Page 10
Aapna Services Ltd Consolidated Statement of Financial Activities for the Year Ended 31 March 2025 (Including Consolidated Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2025 Note Income and Endowments from: Charitable activities Other trading acb'vities Total income 602,517 637.413 602,517 637,413 1,239,930 1,239.930 Expenditure on: Raising funds Charttable activities (557,695) (368,559 (557,695) 368,559) Total expenditure Net income (926,254) 926,254 313,676 313,676 Net movement in funds 313,676 313,876 Reconciliation of funds Total funds brought forward Total funds carried forward 4,036,625 4,036.625 19 4,350,301 Unrestricted funds 4.350,301 Total 2024 Note Income and Endowments from" Charitable acbvities Other income 1,287.597 437,090 1,287,597 437,090 Total income 1,724,687 1,724.687 Expenditure on: Charitable activities (993,462 993,462) Total expenditure Net income 1993,462) 731,225 (993,462 731,225 Net movement in funds 731,225 731,225 Reconciliation of funds Total funds brought fomard Totsl funds carried forward 3,305.400 3,305,400 19 4,036,625 4,036.825 All of the group's activities derive from continuing operakn'ons during the above periods. The funds breakdown for 2024 is shown in note 19. The notes on pages 16 to 29 fom] an integral part of these financial statements. Page11
Aapna Services Ltd (Registration number: 07139585) Consolidated Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets 13 1.490.577 1.505.865 Current assets Debtors Cash at bank and in hand 15 16 313.710 2,903,913 3,217,623 166.172 2.482.696 2,648,868 Credltors: Amounts falling due wlthin one year Net current assets 17 316.517 97,316) 2,901.106 2,551.552 Total assets less cuTrent liabilities 4.391.683 4,057.417 Creditors: Amounts falling due after more than one year 18 Net assets (41,382) 4.350.301 20.792 4.036.625 Funds of the group: Unrestricted income funds Unrestricted funds 4.350,301 4.036,625 Total funds 19 4,350,301 4.036,625 anc I tatements on pages 11 to 29 were approved by the trustees. and authorised for issua and signed on their behalf by. Dinesh Kumar Puri Trustee The notes on pages 16 to 29 form an integral part of these financial statements. Page 12
Aapna Services Ltd (Registration number: 07139585) Balance Sheet as at 31 March 2025 2025 2024 Note Flxed assets Tangible assets Investments 13 1.465,475 100 1.505.865 100 1,465,575 1,505,965 Current assets Debtors Cash at bank and in hand 15 16 313.611 2.642.373 2.955.984 166.072 2.482,696 2.648,768 Creditors: Amounts falling due within one year Net current assets 17 (34,449 97.316 2,921,535 2.551,452 Total assets less current liabilities 4,387,110 4,057,417 Credltors: Amounts falling due after rn0 than one year 18 Net assets 41,382> 4,345,728 (20,792) 4.036,625 Funds of the charity: Unrestricted income fvnds Unrestricted funds 4.345.728 4,036,625 Total funds 19 4.345.728 4.036,625 The financial ststements on pages 11 to 29 were approved by tha trustees, and authorised for issue on .ftsl.Pfl2L. and signed on their behalf ty. Dinesh Ktjmar Puri Trustee The notes on pages 16 to 29 fomi an integral part of these financial statements. Page 13
Aapna Services Ltd Consolidated Ststement of Cash Flows for the Year Ended 31 March 2025 2025 2024 Note Cash flows from operating aCVitieS Net cash income 313.676 731,225 Adjustments to cash flows *rom non•cash items Depreciation 40,390 44,457 354,066 775,682 Working capital adjustments (Increase)Idecrease in debtors ncreasel(decrease) in creditors Net cash flows from operating activities Cash flows from investing activlties Purchase of tangible fLxed assets Cash flows from financing activities Repayment of loans and borrowings Net increase in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March 15 17 (147,539) 239,826 74,008 (30,853 446,353 818,837 13 (25,102) (19.927) 17 35) (22,707) 421,216 776.203 2,482,696 2,903,912 1.706.493 2,482.696 All of the cash flows are derived from continuing operations during the above two penods. The notes on pages 16 to 29 form an integral part of these financial statements. Page 14
Aapna Services Ltd Statement of Cash Flows for the Year Ended 31 March 2025 2025 2024 Note Cash flows from operating activities Net cash income 309,103 731,225 Adjustments to cash flows from non-cash items Depreciation nvestment income 40.390 {75.145) 274,348 44,457 775,682 Working capital adjustments (Increase}Idecrease in debtors Decrease in creditors 15 17 (147,539) 42.242 74,008 (30,853 Net cash flows from operats.ng activities 84,567 818,837 Cash flows from investing activities Interest receivable and similar income Purchase of tangible fixed assets Net cash tlows from investing activities Cash flows from financing activities Repayment of loans and borrowings Net increase in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March 75,145 13 (19,927 75,145 (19,927) 17 {35) 22,707) 159.677 776,203 2,482,696 1,706,493 2,642.373 2,482,696 All of the cash flows are derived from continuing operatK)ns during the above periods. The notes on pages 16 to 29 forni an integral part of these financial statements. PwJe 15
Aapna Services Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 1 Charlty status The charity is limited by guarantee, incorporated in and consequently does not have share capitsl. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The address of its registered office is: Aapna House 31-35 Eastboume Road Middlesbrough TS5 6QN 2 Accounting policies Summary of significant accounting pollcles and key accounting estimates The principal accountsng policies applied in the preparation of these financial statements are set out below. These policies have been consistently applEd to all the years presented, unless otherwise stated. statement of compliance The financial statements have been prepared in accordan with Account"ng 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)) (issued in October 2019) (Charities SORP (FRS 102)). the Financial Repong Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Aapna servIs Ltd meets the definition of a public benefft entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Basis of consolidation The consolidated financial statements consolidate the financial statements of the chartty and its subsidiary undertakings drawn up to 31 March 2025. No statement of financial activities is presented for the charity a5 permitted by section 408 of the Companies Act 2006. The charity made a profrt after tax for the financial year of £309,103 (2024 - profit of £731,225). Page 16
Aapna Services Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 A subsidiary is an entity controld by the charity. Control is achieved where the charity has the power to govem the financial and operating policies of an entty so as to obtain benefits from its acttvities. The results of subsidiaries acquired or disposed of during the year are included in the statement of financial activities from the effective date of acquisition or up to the effecb.ve date of disposal. as appropriate. Where necessary. adjustments are made to the financial statements of subsidiaries to bring their accounts'ng policies into line with those used by the group. Inter-company transactions, balances and unrealised gains on transactions beeen the charity and its subsidiaries, which are related parties, are elirninated in full. Going concern The trustees consider that there are no material uncertainties about the group's ability to continue as 8 going conrn nor any significant areas of unrtainty that affect the carrying value of assets held by the group. Income and endowments Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the atnount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that catOry. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asseys use. Other support costs are allocated based on the spread of staff costs. Raising funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Charftable activities Charitable expenditure comprises those costs incurred by the charity in the deltvery of its activities and servi$ for its beneficiaries. It includes both costs that can be allocated directly to such activities 8nd those costs of an indirect nature necessary to support them. Governance costs These include the costs attributable to the charty's compliance with constitutional and statutory requirements, including audit. strategic management and trustees meetings and reimbursed expenses. Page 17
Aapna Services Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finan Act 2010 and therefore it meets the definition of a charFtable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxab'on of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable pUr[SeS. Tangible fixed assets Individual fixed assets are initially recorded at cost less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to wrtte off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Asset class Freehold propety Motor vehicles Equipment Depreciation method and rate 2 % straight line 250/0 Straight line 25°/o straight line Trade debtors Trade debtorE are amounts due for servi5 provided and are recognised at cost. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-tem highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of business from suppliers and are recognised at cost. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtheran of the objectives of the group. Financial instruments Classification Financial assets and financial liakn'lities are recognised when the group becomes a paty to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any ntract that eVIdenS a residual interest in the assets of the group after deducting all of its liabilities. Page 18
Aapna Services Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 Recognitlon and measurement All financial assets and liabilities are inthally measured at transaction price (including transaction costs), eXpt for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transacts.on costs), unless the arrangement consb"tutss a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrumenL Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforable right to set off the recognised amounts and the group intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and onty when a) the contractual rights to the cash flows from the financial asset expire or are setued, b) the group transfers to another paty substantially all of the risks and rewards of ownership of the financial asset. or c) the group, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised onty when the obligab.on specffied in the contract is discharged, cancelled or expires. Investments Investments in subsidiaries and associates are meaSUd at cost less impairment For investrnents in subsidiaries acquired for consideration including the issue of shares qualifying for rnerger relief, cost is rneasured by referen to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. 3 Income from charitable activities Unrestricted funds General Total funds Charitable activities 602,517 602.517 Total for 2025 602,517 602,517 Total for 2024 1,287,597 1,287,597 4 Income from other trading activities Unrestricted funds General Total funds Trading income. Other trading income Total for 2025 637,182 637,182 637.182 637,182 Page 19
Aapna Services Ltd Notes to the Financial Ststements for the Year Ended 31 March 2025 5 Other income Unrestricted funds General Totsl funds Total for 2024 437,090 437,090 6 Expenditure on raising funds a) Costs of trading activities Unrestricted funds General Totsl funds Note Fundraising trading costs" Fundraising 557,695 557,695 Total for 2025 557,695 557,695 Total costs 7 Expenditure on charitable activitles Unrestricted funds General Total funds Note Charitable activities Governance costs 360,439 8,120 360,439 8,120 Total for 2025 368,559 368,559 Total for 2024 993,462 993,462 Totsl expenditure Page 20
Aapna Services Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 8 Analysis of governance and support costs Governance costs Unrestricted funds General Total funds Audit fees Audit of the financial statements 8,120 8,120 8,120 Total for 2025 8.120 Total for 2024 14.005 14,005 9 Trustees remuneration and expenses No trustees, nor any persons connected with them. have re(*ived any remuneration from the group during the year. Donations made by the trustees without any conditions attached totalled £Nil for the year {2024 £Nil)- 10 Staff costs The aggregate payroll costs were as follows: 2025 2025 Wages and salaries Social security costs Pension costs 633,056 45,462 4,751 683,269 680,885 42,491 7,392 730.768 The monthly average number of persons (including senior management I leadership team) employed by the group during the year expressed as full time equivalents was as follows: 2025 2024 No No 46 Employees No employee received emoluments of more than £60.000 dunng the year. Page 21
Aapna Services Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 11 Auditors. remuneration 2025 2024 Audit of the financial ststements 8.120 7,168 Page 22
Aapna Services Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 12 Taxation The group is a registered charity and is therefore exempt from taxation. 13 Tangible fixed assets Group Land and buildings Furniture and equipment Motor vehicles Total Cost At l April 2024 Additions 1,674,925 54,058 21,331 25.102 1,750,314 25,102 At 31 March 2025 1.674.925 54,058 46,433 1,775,416 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 173,081 38,928 50,037 1,462 21.331 244,449 40,390 212,009 21,331 2&1.839 Net book value At 31 March 2025 1,462,916 2,559 25,102 1,4go.577 At 31 March 2024 1,501,844 4,021 1,505,865 Charity Land and buildings Furniture and equipment Motor vehicles Totsl Cost At 1 April 2024 Addibons 1.674,925 54,058 21,331 25,102 1,750,314 25,102 At 31 March 2025 1,674.925 54,058 46,433 1,775,416 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 173,081 38,928 50,037 1.462 21,331 244.449 40.390 212,009 51,499 21,331 284,839 Net book value At 31 March 2025 1,462,916 2.559 25,102 1.490.577 At 31 March 2024 1,501,844 4.021 1,505,865 Page 23
Aapna Services Ltd Notes to the Financial Ststements for the Year Ended 31 March 2025 14 Fixed asset investments Charity 2025 Shares In group undertakings and participating interests Subsidlary undertakings Totsl Cost At 1 Apiil 2024 100 100 At 31 March 2025 100 100 Net book value At 31 March 2025 100 100 At 31 March 2024 100 100 15 Debtors Group Charity 2025 2024 2025 2024 Trade debtors Prepayments Other debtors 36,186 890 276,635 148,668 890 16.614 166,172 36,186 890 276,535 148,668 890 16,514 166,072 313.711 313,611 16 Cash and cash equivalents Group Charity 2025 2024 2025 2024 Cash on hand Cash at bank 281 2.903,632 2,903,913 237 2,482,459 2.482,696 281 2.642.092 237 2,482,459 2.482,696 2,642,373 Page 24
Aapna Services Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 17 Creditors". amounts falling due within one year Group 2025 Charity 2024 2025 2024 Bank loans Trade creditors other taxation and social security Other creditors Accruals 6,582 3,441 27,207 24,928 6,582 3,441 27.207 24,g28 6.551 275.518 24.425 20,757 24,424 20,757 24,424 97.316 24,425 34,449 316,517 97,316 18 Creditors". amounts falling due after one year Group Chartty 2025 2024 2025 2024 Bank loans Due to group undertakings 41.282 100 20,692 100 41,282 100 20,692 100 41.382 20,792 41,382 20,792 Page 25
Aapna Services Ltd Notes to the Financial Ststements for the Year Ended 31 March 2025 19 Funds Group Balance at 1 April 2024 Incoming resources ReSoUeS expended Balance at 31 March 2025 Unrestricted funds General 4,036,625 1,239,699 926,023) 4.350,301 Balance at I April 2023 Incoming r&sources Resources axpended Balance at 31 March 2024 Unrestricted funds General 3,305,400 1.724,687 993.462 4,036.625 Charity Balanc8 at 1 April 2024 Incomlng resources Resources expended Balance at 31 March 2025 Unrestricted funds General 4,036,625 602,517 368,559 4,270,583 Balance at 1 April 2023 Incoming sources Resources expended Bajance at 31 March 2024 Unrestricted funds General 3,305.400 1,724.687 (993.462 4,036,625 Page 26
Aapna Services Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 20 Anatysis of net assets between funds Group Unrestricted funds General Total funds at 31 March 2025 Tangible fixed assets Current assets Current liabilities Creditors over 1 year Total net assets 1,490,577 3,217,624 (316.517) 41.382 1,490,577 3.217,624 (316,517} (41,382) 4,350,302 4,350,302 Unrestricted funds General Total funds at 31 March 2024 Tangible fixed assets Cuent assets Current liabilities Creditots over 1 year Total net assets 1,505,865 2.648,868 (97,316) (20,792 4,036,625 1,505,865 2,648,868 (97,316} 20,792 4,036,625 Page 27
Aapna Services Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 Charity UnrestriGted funds General Total funds at 31 March 2025 Tangible fixed assets Fixed asset investments Current assets CuThent liabilities Creditors over 1 year Total net assets 1.465,475 100 2,955,984 (34,449) 41,382) 1,465,475 100 2,955,984 (34,449) (41,382) 4,345,728 4,345.728 Unrestricted funds General Total funds at 31 March 2024 Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over 1 year Total net assets 1,505,865 100 2,648.768 (97,316) (20,7g2) 4,036,625 1,505.865 100 2,648.768 (97,316) {20,792 4.036.625 21 Analysis of net funds Group At 1 April 2024 At 31 March 2025 Cash at bank and in hand 2,482,696 2.482,696 Net debt 2,482,696 At 1 April 2023 2,482,696 At 31 March 2024 Cash at bank and in hand 1,706,493 1,706,493 Net debt 1,706,493 1,706,493 Page 28
Aapna Services Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 22 Related party transactions Group There were no related paty transactions in the year. Charity There were no related party transactions in the year. Page 29
Aapna Services Ltd Detailed Statement of Financial Activities for the Year Ended 31 March 2025 Total 2025 Total 2024 Charitable activities Grants receivable Direct commissioning Personal budget contracts Other income 2.958 189,614 377,733 32.212 602,517 7,800 858.453 410,008 11.336 1,287,597 Other trading activities Committed giving Interest reiVed 637.182 231 637,413 Other income {Profit}Iloss on sale of intangible fixed assets held for chartvs own use 437.090 437,090 Raising funds Wages and salaries Stsff NIC (Employers) Stsff pensions Staff training Rent and rates Water rates Light, heat and power Repairs and maintenan Telephone Computer Soare and maintenance costs Travel and subsistence Audit fees Bank charges (467,174) (27,356) (4.751) {2,471) (5,132) (631) {5,325) (24,068) (133) (15,334) (5,027) (180) (113 557,695) Charltable activities Lease of motor vehicles (Operats'ng leases) Wages and salaries Staff travel and training Other establishment Insurance Telephone and fax other office expenses (9,806) (183,988) (50,090) {4.451) {1,468) (3,048) (41,955) (8,706) (730,768) (48,436) (531) {11,459) {5,939) (62,226) This page does not form part of the statutory financial statements. Page 30
Aapna Services Ltd Detsiled Statement of Financial Activities for the Year Ended 31 March 2025 Total 2025 Total 2024 Motor expense5 Legal and professional fees Interest on bank loans and bank charges Depreciation of freehold propety Depreciation of Offi equipment The audit of the charity's annual accounts Legal and professional fees (4,021) (15.846) (5,376) (38.928) (1,462) (8,120) (3,436) (58,858) {4,641} (38,928) {5,529) (7,168) {6,837) 993,462 This page does not form part of the statutory financial statements. Page 31