Jaffray Propety Solutions {A Gompany limited by guarantee) Trustees, Report and Financial Ststements For The Year Ended 31 March 2025 Registered Company number.. 07249961 Regislerod Charity number.. 1143c2
Jaffrny Property Solutlons Admlnlstratlve Infomiatlon Trustees and Directors.. M¥ G Cumberland Ms L Hendon Mr C Lees Mr M Weir Registered offirE'. The White House 39 Jaffray Crescent Erdinglon Birmingham B24 8BE Bankers.. Ltoyds Bank pl¢ 293 High Street West Bromwich B70 8NA Unity Trust Bank plc Four Brindleyplace Birmingham B12JB Auditors.. Malcolm Piper & Company Limited Kingsnorth House Blenheim Way Birmingham B44 8LS Solicitors.. Ansons Sl Mary's Chambers 5-7 Breadmarket Street Lichfield Slaffordshire WS13 6LQ Registered Charity numter.. 1143062 Registered Company number.. 07249961 Senior management team.. Ms L Hendon Mr C Lees Mr M Weir Ichief Executive Officer) IDireclor of Finance) (Director of Estates) Page 1
Jaffray Property Solution$ Strategic Report About Jaffray Proporty Solution$ Jaffray Property Solutions Is a Company limited by guarantee and is also a Registe Charity- The Charity is a wholly ownerj subsidiary cornpany of Jafftay Cafe Society, whi¢h is also a Registered Charity. Jaffray Care Society and ils subsidiary company I'the ChaTity"l are a leading fegional learning disability Charity which can trace our origins back to 1990 when service5 for individuals with learning disabilities began to move from hospitals and into the wider community. In the year lo 31 March 2025, we continued to provide nursing care, residential care, supported living and community services. Activltles and Objectives The Charity provides high-quality personalised support and advice for people with various abilities and health care needs. Our direct support servi$ encompass advocacy, health. education, housing, leisure and employment, helping people live the lives they choose here and now. The objects of the Charity. as stated within the Memorandum and Articles of Association, are to provide housing, and associated amenities for individuals with variolts abilities and health care needs (including people with learning disabilities, dementia, complex health care and acquired brain injuriesl that are in necessitous circumstances. Alms Our aims are to provide the best health and social care service possible for those people with learning disabilitses, autism, mental health, complex health care needs and dementia with the support of specially trained and committed staff so that we'.- Maintsin the privacy, dignty and indivalIty of each Servi user., Keep everyone safe., Respect service user's wishes and their right to personal choits over their daily care and support,. Provide a caring nursing and Iherapeulic environment for each service user, welcoming and encouraging famity and friends lo path'cipate in the care delivery., Create a caring and homely and person-centred atmosphere where the service user feels needed and is able lo give a rneaningful ¢onlribulion to their ¢ommunity'. Encourage personal growth, skills development, work related training and leisure interests ,' Provide employment and training opportunities for local people., Ensure each service user is empowered lo make more informed decisions and participate as fulty as possible in the everyday life of the community- From the facilitses available to the standard of care provided, quality in every respect is a fundamental aspect of the Charity's philosophy. Vlslon and M1881on Statement The Charity works in partnership with people with various abilities and health care needs to ensure they receive a personalised. needs led, support service which is evidence based, outcome driven and promotes rights, independence, choice and inclusion. The Charity believes that people with various abilities and health care needs have a right lo live in ordinary homes n the community". independen15y, in their family home, in sheltered accommodation or in 8 stsffed residential facility sharing the nghts, fa¢ililies and privileges of society. Page 2
Jaffray Proporty Solutlons Stratggi¢ Report Icontlnuedl Essential Ethical Prfnciples Our principles provide an overarching framework that guides our employees, decision making, good judgement and conduct which provides assurance of'.- Putting benefKtaries first., Integrity., Openness., R*ght to be safe. We respe¢l every individLtal's dignity and rtghls to privacy and confi'dentiality. We commit to eliminating any instances of sexism, gender inequality and other power imbalances that leave some people at fisk of harm. We value, support and reflect diversity in our governing bodies, workforce and beneficiaries. The Charity is a place where people's wellbeing and mental health are valued and prornoled, so that anyone in our care, working in the ChaNty or eoming into contact with the Charity is encouraged to value and invest in their own health and wellbeing. Safeguarding Statemenl Every person who benefits from, works for or comes into contact with the Charity will be treated with dignity and respect, and feel that they are in a safe, trusted and supportive environment. The Charity has created an inclusive organisatronal culture that does not tolerate Inappropriate, discriminatory, offensive or harmful behaviour towards any person who works for, benefits from or comes into contact with the Charity. The Charity has a robust safeguarding policy and safeguarding procedures that ensure peopte in their care are safe and protected. Governance The Charity is commrtted lo mainlaining the highest standards of governance and has delennined that the organisation should comply with the principles outlined in the Code of Govemance for Voluntary Organisati'ons. which is approved by the Charity Commission. Ultimate responsibility for governance of the Charity is entrusted to the Trustee Unitary Board made up of seven Trustees. We are committed to using an open and Iransparenl reCrUMent process. As set oul in the Memorandum and Articles of Association, NOn-ExUtive Trustees are appointed for a three-year term of office and can serve tems in total. This can be varied if the Trustees unanimously agree that the skills provided by a particular Non-Execulive Trustee are such that they could not be easily replaced and to do so would not be In the best interests of the Charity or Trustee Board or the Charty's service users. The Trustees are also our Companies Act Members. We continue lo ensure that our governance processes and procedures and our corporate Structu meet all of the most current and appropriate Companies Act requifements. As a charitable organisalion we have a high performing Board, consisting of a dNerse and complementary range of people and skills. The Board is both dynamic and imaginative consisting of a diverse mix of professionals required to maintain our organisalion's ongoing development objectives. For new Trustees, the Charity has an induction programme which includes visrts to some of our setvices, meetings with the Executive Team on our governan¢e, strategy, the role and duties of Trustees, Company and Charity Law and the management of finances and risk. Further training and development is offered individually or to the Board as required or requested. New Trustees are given Clear terms of reference. role descriptions, governance documentation and the Charity handbook which outlines the main policies and procedures of the Charity and the governance structure of the Charity. Page 3
Jaffray Property Solutlons Strat¢gl¢ Report Icontlnuedl Ri¥k Management The Charty has considered the rriajor risks lo which the Charity is exposed and has satisfied rtself that systems and procedures are fv15y established in order to manage those risks. Improvements and enhancements continue with regard to Data Protection and the GDPR legislation which came into for¢e in 2018. Key areas have been addressed, and WOTk is in progress lo ensure full and ongoing compliance across all the Charity's activities is maintsined. The Charity has also adopted a robust Cyber Policy with the aim of alleviating, as much as is possible, the threat lo the business of cyber-attacks. This approach includes continued upgrades to current sofvare, additional staff training and insurance risk policies to include response, restoration, expense and business interruption. Management and Trustees There are clear distinctions beeen the role of Non-Execulive Trustees and the Executive Team. The Board of Non-Executives delegates certain authorities lo the Executive Team in order lo run the organisalion efficiently. Matters such as policy, Strategy and budgets are prepared by the Exeeutive Team for consideration and final approval by the Non-Exeeutive Trustees, who then monitor the implementation ofthese plans. Publlc Beneflt The Charity continues lo provide residential care, supported living and community services lo service users who have various abilities and healthcare needs in Bimingham. The principal activity of Jaffray Propety Solutions is the provision of housing and associated amenities for people with various abilities and health care needs who a in neces511ous circumstances. Our annual Trustees, Report and financial statements allow us to show how our charitsble fijnds are spent and sh¢)w the impact and benefits that this has on those using our servi¢es', either as direct service users or in the Charity's inlerath'on with the wider community. In shaping our objectives for the year and planning our activities, the Trustees have Consider the Charity Commission's guidance on public benefit, including the guidance 'public benefit". running a charity (PB2}°. Statement of Public Benefft The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have regard to the Charity Commission'$ general guidance on public benefrt, 'Chanlies and Public Benefit". Jaffray Propety Solution's charitable objects are enshrined within its Memorandum and Articles of Association and as such the Trustees ensure that the Charity's activities are carrd out for the publi¢ benefit through its strategic priorities. This is done primafily through the delivery of seryices aimed al all those various abilities and health care needs. Achlevoments and PerformaTrco This section provides a comprehensive overview of our key achievements and perfomance over the past year. 11 highlights the significant progress we've made in delivering on our strategic objeelives, outlines the impact of our work on the communities and individua15 we serve, and details our operational and financial perfomiance. Page 4
Jaffray Property Solutlon$ Strateglc Report (contlnuedl Operatlonal Highlights A notable achievement this period is the appointment of our new registergj manager at Broadh'elds Lodge, our Supported Living service. We are delighted lo annour¢ce that Wayne Hardiman, a professional with many years, experience in the sector, has taken on this pivotal role. In a testament to his expertise and dedication, Wayne will also be combining his new responsibilities with his existing position as our training administrator. We have successfully tran511ioned our IT servi$ and are now working closely with a new and more personal provider, Core Team One. The shift has been seamless, ensuring Our operations remain efficient and well-supported. In a similar strategic move post year-end, we have successfully transferred our loan portfolio to Unity Bank plc. In our ongoing commitment to sustainability, our homes undefwent a comprehensive environmental audit in ¢ollaboralion with Aston University. The findings of this audit were instrumental in helping us to devise a new green plan, which will guide our efforts lo reduce our environmental impact moving forward. Our D1Ctor of Estates is delighted to report on the successfvl completion of bathroom ftI[bIshmenIS al our Parkfields Home, a lestsmenl lo the efficiency and dedication of the mainlen8nce team. This achievement not only unders¢0 s our commitment to enhancing the client experien but also inslils a sense of pride in our collectrve efforts. Vvhile we continue lo prioritise inlemal fixtures, we are equally committed lo maintaining the exiernal areas and gardens. However, we are observing an overall increase in maintenance planning and improvement ¢osts across the estste. Thi5 nse is primarily due to the increasing costs of subcontractors and materials in Cent years, necessitsling the implementslion of ¢areful cost control Measu5. As we stn've to meet the expectations of both CQC and Local Authority inspection teams, who advocate for continuous improvements, we all must play a part in ongoing cost conlroS. Our collective responsibility in this area is crucial to our continued successes. Embracing the Digital Age Changes in technology have provided us with opportunities lo build on the innovations in our care homes. We have now implemented a Person-cenlred Electronic Care Planning system, which allows for the creation of accurate evidence of care and provide5 easily accessible dats. We continue to use Your Hippo training software, a widety used e-learning and learning management system in the care sector. This system has considerably improved our ability to deliver mandatory training in a timely and focused manner. It has an inbuilt audit system and training matrix. enablin9 care managers and our training administrator to quickty identify and fill training gaps. The Charity now has a fully opefational new website {www.jaffraycare.coml, which not only serves as a promotional tool but also tells the story of the Charity and what we offer. We have also established very active Facebook and TikTok pages, which document all activite5 and important dates across the business. Families find this very informative and useful as an interactive way to stay fully updated regarding community acb'vib'es. This digital presence works seamlessly with our new quarterly newsletter. As part of our ongoing commitment to delivering efficient, reliable, and secure digital services, we have assessed the organisalion's wide-area neOrk IWANI infrastructure. Previously, our sites relied on expensive MPLS circuits, which are becoming In¢8$1ngIY outdated in a clou¢J-driven environment. Following a full evaluation, we are progressing with the migration lo Software-Defined Wide Area NeOrkIng ISD-WANI. This change will provide significant strategic benefits, including enhanced end-lo- end encryption and nehyork security, as well as data protection, which supports Complian obligations and safeguards sensitive information. Cyber threats are on the rise globally, with ransomware, phishing, and supply chain attacks becoming increasingly sophisticated. A focus on proactive security measures 15 therefore required. Our IT partner, Core Team One, has Iransitsoned the Charity away from older services, reducing costs and simplifying Page 5
Jaffray Property Solutlons Strategi¢ Report {contiTru•dl Cost of Living Charity overhead$ have continued to increase, and we have renegotiated contracts with a number of our larger suppliers to protect ourselves from significant increases. Increased prIS in the building sector have also forced us lo reconsider some of our development plans. Quallty and Regulatory To ensure the Charity maintains an exceptional monitoring framework. Andrew Cowley, our Quality and Audit Officer, is now responsible for the development, implementation, and monitoring of quality initiatives. In 2024, we had several external quality audit inspects'ons by Local Authoritses and the Birmingham and Solihull Integrated Care Boards. We scored very highly in all audits, obtaining Gold standard, giving them reassurance that they are getting value for money and service users are receiving highquality care. In preparation for regulatory changes, our managers were fully prepared for the implementation of the Care Quality Commission's new Single Assessment Fr3mework in 2024. having already attended several training sessions. Structure, Gov¢rnan¢o and Management Jafftay Propety Solutions is a Company limited by guarantee and therefore does not have a share capital. The liability of members is limited and details of their guarantee are detailed in the notes lo the financial stalemenls. The Company is also a Registered Charity and was founded in 2010. The Charity has a plan in place lo identify and induct new TTuslees as and when they become aware of IndÈviduals with an interest in our activities, or where it is perceived that a TTuslee with an additional skill set, to complement those held by the current Trustees, is required. Our commitment to governance has seen the continued overyiew and strategic management of operations by the Board during the year. The Board meets regularly to review strategy, operational risks and efficiencies and financial systems, prccedures and information to ensu that there Is appropriate oversight and critical appraisal of activities and decisions taken to achieve the Charity's objectives. The Charity also maintains full Trustee Indemnity InsuranGe YthiGh ts provided by the parent undertaking. Finan¢lal Revlow A summary of the financial results for the year is given in the Statement of Financial Activities on p8ge 14 and the Balance Sheet on page 15. Total income for the yearwas £82,76212024: £80,125) and total expenditure was £76,36212024-. £70,525). Net Incoming resources for the year were £6,40012024.' £9,600). The Charity has faced continued cost pressures in the last financial year, mainly dlte lo the ongoing cost of living crisis. Charity overheads have spiralled this year, and we have renegotiated with a number of our larger suppliers lo prote¢l ourselves as much as possible trom exposure to significant increases. The financial challenges faced by all in the nol-for-pfofil sector, which continue to be exacerbated by the longer lasting effects of the COVID 19 pandemic, have also continued lo affect this financial year for the Charity. We continued to receive lower than anb'cipaled incremental fee uplifts from Birmingham City Council this year for the majority of our core services. We have, thefOre, had to eonlinue to have a tight focus and control over the operating costs and cash flows of the business. Close monitoring and control of outlays and the implementation of innovative and efficient care provi$ion and delivery lo our service usefs, has again resulted in the Charity reporting a small surplus for the financial year The Senior Management Team have continued to review and renegotiate supplier eontracts, which are essential to secure additnal and continued cost savings for the year ahead, especially In light of the inflationary pressures caused by global economic and political factors and the irnpactofthe Ukraine conflict. Their continued $u¢¢ess is down lo the level of dedication and care provided by our employees under the leadership of our Chief Executive Officer and Director of Finance. Page 6
Jaffray Pioperty Solutions Strategic Report {¢ontinugd) Re8eNes Poll¢y The Charity has considered the level of reserves that they require in respect of future requirements. The requirement of sufficient reserves can be summarised in three areas.. Assufftnce for residents that the Charity can continue to provide them with care and housing should funding be delayed for an Individual or group of service users. The reserve requirement, in¢lLided wthin our calculations, is based upon a minimum of approximately e1ve weeks, resour$ expen¢Jed. The Charity looks to develop this using their own intemally generated reserves rather than via external borrowings so that the security of the Charity's existing residents is not put al risk. The Charity retains its surpluses for future use in providing increased numbers of residential placements and supported living options lo provide the first-class care that is in such demand for all ils servio users. Total L*nreslricled reserves held as at 31 March 2025 amounted to £159.04512024'. £1 S2,6451. Plans for Futurg Years Slratogic Development The Charity continues to develop as an innovative and forward-thinking organisation. We are working towards a short-lerm commitment to devising a new development strategy that builds on our successes and values while remaining true lo our central purpose. This strategy will be based on a risk-assessed, intelligent approach, exploring various business scenarios. Financial Prudence Given the contsnued drfficult economic conditions and the challenges in securing funding, we continue lo believe that protecting and growing the Charity's Teserves is a necessary, prudent, and advisable policy. Fundralslng and Donor Engagement A prin¢ipal priority is to increase our potential donor base wlh a view to raising funds from trusts and grant- giving organisations. Over the next e1ve months. we will prepare compelling cases for support for potential new fundraising projects. Given the strength of the Charity's ftjndraising messages and its excellent reputstion, we believe this could become a significant source of income. Estates and Environment We intend lo maintain all Ouf facilities and environment$ to an extremely high standard. We will continue to pursue opportunities for new projects by listening to the aspirations of people with Complex health care needs and disabilities, their familÉes, our staff, and the needs of the community. Approveikby th 22 October 2025 and signed on its behalf by.. G Cumberland Trustge Page 7
Jaffray Property Solutions Trustèes Report The Trustees, who are also D1CtorS of the charitable company for the pijrposes of the Companies Act, present their annual report and the audited financial statements for the year ended 31 March 2025. The Trustees have adopted the provisions of the Slalemenl of Recommended PTaclice {SORPI "Accounting and Reporting by Charities" IFRS 1021 in preparing the annual port and financial statements of the Charity. Trustees The Twslees who held office during the year were as follows.. Mr G Cumberland Ms L Hendon Mr C Lees Mr M Weir A spe¢ifi¢ Health and Safety policy is in place and the Group and Charitable company's ('Ihe Charity'l staff are Glosely involved in all operational and business risk assessments. The Trustees take this matter extremely seriously and it is discussed at every Board Meeting as an Agenda item, where action plans are reviewed and acted upon. Tnjslees continue to attend governance conferences and Institute of Directors, events. Members of the Board have also attended appropriate financial and opefatsonal training courses. Trustees, R8spon$ibilitios The Trustees (who are also Dire¢tors of Jaffray Property Solutions for the purposes of company lawl are responsible for preparing the Trustees, Annual Report (including the Strategic Report) and the financial statements in accor¢Jance with applicable law and United Kingdom AccoLtntin9 Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Charity and of the income and expenditure of the Charity for that period. In preparing these financial statements, the Trustees are required to.. select suitabie accounting policies and then apply them ¢onslStenlly', ObSee the methods and principles in the Charities SORP 2019 IFRS 1021., make judgements and estimates that are reasonable and prudent., slate whether applicab UK Accounting Standards have been followed, subject to any matsrial departUS disclosed and explained in the financial slatemenls., prepare the financial statements on the going concern basis unless rt 1$ inappropriate to presume that the charitable company will continue In operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial ststernenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. As far as the Trnstees are aware.. the is no relevant audit information of which the Charity's auditor is unaware., and the Trustees have tsken all steps that they ought lo have tsken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that Infomialion. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Charity's website. Legislation in the United Kingdom governing the Pfepatation and dissemination of financial statements may differ from legislation in other jurisdictions. Page 8
Jaffray Property Solutions Trustees Report {continuedl Ablllty incluslon for employe¢s The Charity gives full and fair consideration to applications for employment from persons who are physically, mentally or developmentally Impaid, where the requ1ment of the lob may be adequately covered by such persons. With regards lo existsng employees who become physically, mentslly or developmentally impaired during their employment, the Charity continues lo examine ways of providing continuing employment under norrnal terms and conditions and to provide training, career development and promobon where appropriate. Employee involvement During the year, the policy of providing employees with information att)ut the Charity has l)een continued through internal media methods in which employees have also been encouraged to present their Suggestions and views on the company's performance, achievements and developments in community- based projects. Regular meetings are held betsveen local management and employees to allow a free flow of infomiation and ideas. Audltors Malcolm Piper & Company Limited remained as auditors to the Charity throughout the financial year and have indicated their willingness to continue in office. Approved by. d on 22 October 2025 and signed on ils behalf by.. erland Trustee Page 9
Independent Audltorf$ Report to the Trustees of Jaffray Property Solutions Year Ended 31 March 2025 OplnSon We have audited the financial statements of Jaffray Property Solutions (the 'charitable company'l for the year ended 31 March 2025 which comprise the Statements of Financial Activities, Balance Sheet and notes lo the financial slatemenls, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice}. In our opinion the financial statements". give a true and fair view of the stale of the charitable company's affairs as at 31 March 2025, and of the incomin9 reSoUrS and application of resources, including [15 income and expenditure, for the year then ended., have been properly prepared in a¢¢ordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordan with the requirements of the Companies Act 2006. 8a$is for opinion We conducted our audit in accordance with International Stsndards on Auditing IUKI IISAS (UK)) and applicable law. Our responsibilitses under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit ol the financial statement5 in the UK, iricluding the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is Sufficient and appropriate lo provide a basis for our opinion. Concluslons relatlng to golng con¢em In auditing the financial statements, we have concluded that th8 Trustees use of the going concem basis of accounting in the pParatIon of the financial statements is appropriate. Based on the work we have perfomied, we have not Klentsfied any material uncertaints.es relating to events or conditions that, individually or colleelively, may cast significant doubl on the charitsble company's ability lo continue as a going concern for a period of at least roonlhs from when the financial statements are authorised for issue. Our responsibilities and the responsibilitres of the Trustees with respect lo going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the Trustees, annual report, other than the financial statements and our auditor's report Ihereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial slalemenls dS not cover the other information and, except lo the extent otherwise explicitty slated in our report, we do not express any form of assuran conclusion Ihereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financi81 statements or our knowle(Ige obtained in the course of the audit or olhe*wise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we a required to determine whether this gives rise to a material misslalemenl in the financial ststements themselves. If, based on the Wofk we have performed, we conclude that there is a rnalerial misstatement of this other information, we are required to report that fact. We have nothing lo report in this 90rd. fcontinued ...] Page 10
Independent Audllorfs Report to the Tru$tee$ of Jaffray Property Solutions {¢ontlnu•d} Year Ended 31 March 2025 Oplnlong on othor mattors pro$¢rlbed by the Companios Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report lincorporating the Strategic Report and the Trustees, Reportl for the financial year for which the financial slalements are prepared is consistent with the financial slalemenls., and the Strategic Report and the Trustees. Report have been prepared in accordance wslh applicable legal requirements. Mottors on which wg arg required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Trustees, Report. We have nothing to report in respect of the following Matte in relation lo which the Companies Act 20[ requires us to feport lo you if, in our opinion.. adequate accounting records have not been kept by the charrtabte company, or retums adequate for our audit have not been received from branches not visited by us.. or the charitabte company's ffinancial statements are not in agreement with the accounting records and returns.. or certain discbsures of directors, remuneration specrfied 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 Trustees, responsibilities statement set out on page 8 the Trustees (who are also the Directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for Such internal control as the Trustees determine is necessary lo enable the preparats'on of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the Trustees either intend to liquidate the parent charitable company or to cease operations, or have no realistic allernalive but lo do so. Audito9 rosponsibilities for tho audit of Ihe financial slatements We have been appointed auditor under the Companies Act 2006 and report in accordance with this Act. Our objectNes are tr) obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fiaud or error, and to issue an auditor's report that Includes our opinion. Reasonable assurance is a hi9h level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will aayS detect a material misslatemenl when it exists. Misslalements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of usefs taken on the basis of these financial slatemenls. [continued ...] Page 11
Independent Audltorf6 Report to th8 Trustees of Jaffray Propety Solutions (continued Year Ended 31 March 2025 Irregularities, including fraud, are instances of nonryeompliance with laws and regulations. We design procedures in line with our responsibilities, including fraud is detailed below.. We obtained an understanding of the legal and regulatory frameworks that are applicable lo Jaffray Property Solutions, { the Charity.) and detemiined that the most Significant are those that relate lo the UK reporting framework under which the Charity prepares its accounts and reports its results and the relevant UK lax compliance regulations. In additn, we concluded that there are certain signifunt laws and regulations that may have an effect on the delerminalion of the amounts and disclosures in the financial statements and those laws and regulations include those relatillg to health and safety, employee matters, environmentsl, and bribery and Cofruption practices., Having due regard to ISA 240 (Redraftedl, The Auditorfs Responsibilities Relating lo Fr8ud in 8n Audit of FNnancial Slalements, we planned and designed our audit procedures to undertake such enquiry and testing which we deemed neeess8ry to understsnd how the Charity is complying with those frameworks. We made enquiries of the Trustees, senior management and those responsible for legal and compliance procedures within the Charity and we corroborated our enquieS by reference to other doeumentary evidence, where available, or other complimentsry or wmpensaling evidenee and with olt)er correspondence received and noted that there was no contradictory evidence,. In designing the scope and depth of our work to assess the likely impact on the financial ststements of fraud and other IrgUIanties, we calculate a materiality level whh is percentage based upon Iufnover, profitability and gross balance sheet assets. This calculation produces a figure against which financial statement errors and irwularities are compared arsd indicates a level al which, in our opinion and judgement, this would cause transactions and balances within the financial statements to be misleading or materialty incorrect. We also a5se$5ed the sus¢eptibility of the Financial Statements of the Charity to material misstatement using qualitative as well as quantitative factors, including how fraud might occur, and designed our audit testr'ng and enquiries in such a way so as lo enable us to identify the fraud risks across various parts of the business. In addition, we utilised interna5 and external information to perform a fraud fisk assessment as part of our audit planning and testing procedures. We considered the risk of fraud through management override of controls and systems and, in response, we incorporated testing of large or unusual manual journal entries into our audit approach. We also considered the possibility of fraudulent or corrupt payments made Ihfough third parties and conducted detailed analytical review and subslanlive transaction lesling on third paty suppliers. Where instances of unusual behaviour pallems were identified through our lesling, we performed additional audit procedures to address each identified risk. These procedures included lesling of transactions back to source information and were designed to provide reasonable assurance that the financial ststements were free from fraud or error. We also conducle(I specific audit procedures in relation lo the risk of bribery and corruptson by means of review of any marketing, promotion OT discount activity determined by a risk-based process", Based on the results of our risk assessment we designed our audit procedures lo identify non- compliance with such laws and regulations identified al)ove. Our procedures involved journal entry testing, with a focus on joumals meeting our defined risk criteria based on our understanding of the business and enquiries of the Charity's management., and If any in$tsnce$ of non-compliance with laws and regulations were identified, the audit team performed sufficient and appropriate audit procedures. Because of the inherent limitatK)ns of an audit, there is a risk that we will not delecl all irregularities, including those leading lo a material misstalemenl in the financial statements or non•compliance with regulation. This risk increases the more that complianee with a law or r4ulalion is mOVed from the events and transactions reflected in the finan¢Èal statements, as we will be less likely lo become awa of Instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional ¢on¢ealment, forgery, eollusion, omission or misrepresentation. [continu8d .. ] Page 12
IndopendeTrt Audftor's R¢port to the Trustee$ of Jaffray Propety Solutions {contlnuedl Year Ended 31 March 2025 A further de$cription of our SponSibl11t1eS for the audit of the financial statements is located on the Financial Reporting Council's website al.. w.frC.org.UaUdit0rsreSponSibil1Iie$. This description fomis part of our auditor's report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken $0 that we might stale to the charitable company's members those matters we are required to stale lo them in an audilols report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's mem as a body, for our audit work, for this report, or for the opinions we have formed. Petor Whltehead BA FCA Senlor Statutory Auditor For and on behalf of Malcolm Plper & Company Limited Klngsnorth House Blenheirn Way Blrmingham B44 8LS Dated. 22 October 2025 Page 13
Jaffray Propgrty Solutlons Statement of Financial Activitie$ (Includlng Summary Ineome and Expenditure Account) for the Year Endod 31 March 2025 2025 2024 Noto Income from: Charitable activities Residenb'al care servios Rentsl income from housing benefit 3,651 79,117 1,277 78,848 Total income 82,762 80,125 Expendlture on: Charitable activities Residential care costs Support costs 59.103 17,259 54,239 16,286 Total expenditure 76.362 70,525 Net ineome and Net movement In funds for the year 6,400 9,600 Reconciliation of funds: Totsl funds brought forward at 1 April 2024 luniestri¢ledl 152,645 143,045 Total funds ¢arried forward at 31 March 2025 {unro$tricted) 12 159,045 152,645 There were no restricted fvnds in the ¢Ltrrent finanual year. All income and expenditure is derived from continuing activits"e5. The Statement of Financial Activthes inclLKles all gains and losses recognised during the year. The notes on pages 16 10 20 fom an integral part of these financial statements Page 14
Jaffray Property Solutlons (Rogistration number 07249961 Balance Shggt at 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 426,526 439,932 Current assets Oebtors 10 94,744 64,631 94,744 64,631 Creditors.. Amounts falling due within one year 11 1362,225) 13S1,918} Net currnnt liabilitles (267,4811 {287,2871 Total assets 1088 ¢urrent Ilabllltles 159,045 152,645 Nel assgts 159,045 152,645 Total funds 12 159.045 152,645 These finaryG1aI-5trn its behgirtiy.. were approved and authorised for issue on 22 October 2025 and signed on urnberland Trusteos MSL en The notes on pages 16 10 20 fomi an integral part of these financial statements Page 15
Jaffray Property Solutions Notss to the Flnanclal Statements for the Ygar Ended 31 March 2025 Accountlng Policies Genernl Infomiation and Basls of Preparation The Charity is a company limited by guarantee in England and Wales. The single member of the company is Jaffray Care Society, a registered Charity110018851 which itself is a company limited by guarantee 1025543671 in the United Kingdom. In the event of the Charity being wound up, the liabilty in respect of the guarantee is limited to £1 per member of the Charity. The address of the registered office is given in the Charity information on page 1 of the financial slatemenls. The nature of the Charity's operations and principal activits.es are detailed in the Strategic Report on page 2. The Charity constitutes a public benefit entity as defined by FRS 102. The financial slaterrenls have been ppared In accordance with Accounting and Reporting by Charities. Slalement of Recommended Pffj¢tice {SORPI applicable lo charities preparing their accounts in accordance with the Financial ReportE'ng Standards applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Pra¢lbce as it applies from 1 January 2019. The financial statements are prepared on a going concem basis under the historical cost convention. The financial statements are prepared in sterfing which is the functional ¢urrency of the Charity and rounded to the neast pound. The significant accounting policies applied in the preparakn.on of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stsled. Cash flow Stst¢ment The Charity has taken advantsge of the reduced disclosures exemption granted by FRS 102 whereby it is nol required to p¢Jblish its own cash flow statement. This is because its ultimate parent undertaking. aaffray Care Society. publish a Consolidated Cash flow Statement as part of its Group accounts. These Group accounts are available from the Charity's gistered office. Funds All of the fLsnds of the Charity are unrestricted fvnds and are available for use al the discretion of the Tnjslees in the fvrtherance of the general objectives of the Charity and which have not been designated for other purposes. Incomg rgcognltlon All iri¢ome is included in the Statement of Financial Activlties when the Charity is legally entitled lo the income after any performance conditions have been met,. the amount can be quantified with reasonable accuracy," and it is probable that the income will be received. Fees for the piovision of housing and associated amenities are accounte(I for on an accruals basis. Government grant Income The company r1VeS government grants in respect of support for staff and protective supplies during the recent pandemic. Income from government and other grants are recognised at fair value when the company has entitlement after any performance conditions are met, it is probable that the income will be received and the amount can be measured reliably. Expgnditure recognltion All expenditure is accounted for on an accrltals basis and has been classthed under headings that aggregate all costs lated lo the category. Expenditure is re¢ognised where there is a legal or constructive obligation to make payments to third parb'es., it is probable that the settlement will be required,. and the amount of the obligation Can be measured reliably. 11 is all ¢ategorised as expenditure on charitable activities. Support costs SLSPPOrt costs are those that assist the WOTk of the Charity bul do not directly represent charitable activities and include interest payable on bank borrowing and governance costs. They are in¢urred directly in support of expenditure on the objects of the Charity. Page 16
Jaffray Property Solutions Notes to the Financial Ststoments for the Year Ended 31 March 2025 Icontinu•d) Accounting Pollcies l¢ontinuedl Tanglble flxed assets Tangible fixed assets are stated at cost less depreciation. It is the Charity's policy lo maintain these assets in a good state of repair. Depreciation is provided on tangible fixed assets, at rate5 ¢aleulaled to write off the costs, less estimated residual value, of each asset on a $ystemab'c basis over its expected Ltseful life as follows.. Freehold propety Leasehold Property 2Y¢ per annum straight line over the period of the lease Freehold land is not depreciated. Debtors and creditors receivable I payable withln one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. Impaiment Assets not measured al fair value are vieWed for indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared lo the r3rrying amunt. ere trie earying amount exceeds its recoverable amount, an impairment loss is recognised in the SOFA. Provislon$ Provisions are recognised when the Charity has an obligation al the balan sheet dale as a result of a past event., it is probable that an ouffiow of economic benefits will be required in settlement,. and the amount can be reliably estimated. Taxation The Company is an exempl Charity w*thin the meaning of schedule 3 of the Charities Act 2011 and is considered lo pass the lesls sel out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation lax purposes. Going Concern The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustee$ have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial slatemenls. The budgeted in¢ome and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going cOnrn. The company is dependent upon the fvnds and facilities provided by the parent company to ensLtre they meet their debts as they fall due. The directors 8re not aware of any reason why the parent company would not continue to support them, subject to their own financing needs. Total Income All income for the current and prior year is from the fvrtherance of charitable actNilies and is attributsble lo unrestricted fvnds. Trustees, Remuneration The Trustees re¢eived no remuneration during the year12024'. £nill for services provided to this charitable company. Their expenses are paid by the charitable company's parent undertaking, Jaffray Care Society, and are disclosed in the financial slalements of that charitable company. The parent undertaking also maintain5 full Trustees, Indemnity Insurance for the Trustees of the Company and the c05t of this cover is disclosed in the financial statements of that charitable company. Page 17
Jaffray Property Solutlons Note8 to the Flnanclal Ststement8 for the Year Ended 31 March 2025 {contlnued} Total Expondlturè All expenditure for the current and prior year is In respect of the furtherance of the charitable activities and is attributable lo unrestricted funds. othof Direct Costs Staff Costs 2025 2024 Residential care costs Support costs (see note 51 59,103 17,259 59,103 17,259 54,239 16,286 76,362 76,362 70,525 Staff costs are borne by the parent undertaking. Support Costs 2025 2024 Interest payable on bank borrowings (see note 81 Governance costs15ee note 61 15,409 1.850 14,486 1,800 17,259 16,286 Governance Costs 2025 2024 Professional fees (including auditors, remuneralionl 1,850 1,800 Net In¢ome for tho Y¢or Net income is staled after charging.. 2025 2024 Auditors, remuneration Audit fees Depreciation 1,850 13,4( 1,800 13,407 Interest payable and Slmllar charyes 2025 2024 Interest payable on bank borrowing (amount recharged by parent undertaking) 15,409 14,486 Page 18
Jaffray Propety Solutlons Notes to thè Flnanclal Statements for the Year Ended 31 Mar¢h 2025 {contlnued} Tanglble Flxed Aets Frgehold and Leasehold Property Cost At 1 April 2024 and 31 March 2025 670,296 Depreciation At 1 April 2024 Charge for the year 230,364 13,4C6 Al 31 March 2025 243,770 Net B¢)ok Value At 31 March 2025 426,526 At 31 March 2024 439,932 InclL¢ded in freehold property is land of £nil12024.' £nill which is not depreciated. Included in freehold and leasehold propety is leasehold propety with a Cost of £nil12024". £nill, following ils full impairment in a prior period. All the above propety is used as security for the parent undertakings bank borrowin9S. 10. Debtoys 2025 2024 Amounts falllng duo Within one year: Trade debtors Other debtors Prepayments 79,639 5,798 9,307 48,974 5,861 9,796 94,744 64,831 Page 19
Jaffray Property Solutlons Notes to the Financial Statements for the Year Ended 31 March 2025 (contlnued) 11. Credltors: Amounts falling due within one year 2025 2024 Amounts falling due within ong ygar: Group undertaking Accruals and deferred income 334,881 27,344 336,369 15,549 362,225 351,918 12. Funds Rèconciliation A$at 1 Aprll 2024 Asat 31 March 2025 Incom& Exponditure Unrestricted funds & lotsl funds 152,645 82,762 176,3621 159,045 The unrestricted funds represent the free funds of the Charity which are not designated for spectfic particular purposes other than the Charity's general ob}eclives. 13. Analysls of Net Assets between Funds All funds a unreslricled. Under the temis of the Memorandum and Articles of Association all surpluses are lo be applied towards the promobon of the Charity's objectives. 14. Contingent Ilabilty The company has provided a cross guarantee over the assets of the company to Lloyds Bank plc in respect of the bank borrowings of the parent undertaking, Jaffray Care Society At 31 March 2025 this amounted to £2,309,08212024-. £2,478,824) 15. Related Party Transactions During the year net repayments of £1,48812024'. £21,399) were made to the parent Ltndertaking, Jaffray Care Society in respect of net income and expenditure received and defrayed on behalf of the company. The balance tjue lo the parent undertaking al the year-end was £334,88112024." £336,369> 16. Parent undertaking The parent undertaking is Jaffray Care Society, a registered Charity110018851 which itself is a company limited by guarantee 1025543671 in the United Kingdom undertaking the provision of housing, care and associated amenities for people with learning disabilities and complex healthcare needs who are in necessitous circumstances, and the provision of an open day-care facility for people with learnin9 disabilities. Control is exercised by similar management and Truslee teams. The address al which the Consolidated Accounts of Jaffr8y Care Society Can be obtained is at the same registered office as staled on page 1. 17. Post balance sheet events Subsequent to the year end, the Charity has signed legal documents to Surrender a lease al £nil cost for a leasehold property which had been fully impaired in a previous accounb'ng period as the Tmstees deemed this property to have no future value or purpose within the Charity. Page 20