Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charity registration number 1171529
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrA Glen Mr B Wagner-Adair Mr J Brooks Charity number 1171529 Principal address Unit 2A Barras Garth Road Leeds LS12 4JW Registered office Unit 2A Barras Garth Road Leeds LS12 4JW Independent examiner Alison Whalley FCA Azets Audit Services Cadton House Grammar School Street Bradford BD14NS Bankers Unity Trust Bank PIC Birmingham B12HB
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Statement of cash flows 10 Notes to the financial statements 11-20
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the chanty's Ifoundation], the Charities Act 2011 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}" (effective 1 January 2019). Objectives and activities The objectives of the charity are For the public benefit the relief of those in need because of ycuth. age, ill-health, disability, financial hardship or other disadvantage in particular by=_ Providing accommodation to high risk. vulnerable and socially disadvantaged individuals and particularly those subject to the criminal Justi system., and Providing support and assistance to those individuals to enable them to manage and maintain their tenancy. Axis Supported Living exists to support individuals under National Probation Service supervision who have served long or repeat custodial sentenS by= Securing access to safe, goo(kquality, single-occupancy private rented accommodation otherwise InaCsSible due to conviction history or benefit status Providing stwctured support to help maintain tenancies, build life skills and avoid a retum to homelessness and custody Mission Statement We support Service Users on their joumey to independence by providing stable accommodation, skilled support workers, and tailored support plans designed to build confiden, personal responsibilty and a sustainable future. Lack of appropriate and affordable accommodation with accessible support is recognised as a significant contributory factor to individuals in the criminal justice system being unable to exit the 'revolving door, of prison and homelessness. The local and national housing crisis has continued to deepen over the last year futher highlighting the need for our scheme. As Private Rent Landlords are increasingly relied upon to step in where Local Authorily accommodation is in short supply. the housing crisis continues to be exarbated by changes to the Benefits system and across the board cuts to govemment funding. The disparity that opened up when interest rates spiralled over the summer of 2023 resulted in mortgage rates and subsequently Private Rent levels outstripping the Local Housing Allowance available to Benefit Claimants seeking private rent accommodation. In some areas, this resulted in a bidding war for smaller more affordable properties. with private landlords and letting agents being increasingly reluctant to offer accommodation to Benefit Claimants, in particular those with criminal records, favouring professional renters instead. As the housing crisis continues. some Landlords have reportedly used the S21 No Fault eviction process to remove benefit claimants from properties and replace them with professionals or those able to pay the escalating rents resulting in groups such as prison leavers daiming Housing Benefit being further disadvantaged in their search for suitable, stable accommodation and increasing the need for the services of organisations such as Axis SL. Axis SL remains committed to bridging the gap beeen homelessness and independent living for th0 subject to the criminal justice system that have shown motivation to change. by providing the opportunities, accommodation, skills and support historically denied to them. The trustees have paid due regard to Charity Commission guidance on public benefit when planning activities.
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievement and Performance Demand for supported housing continues to increase because of the ongoing housing crisis and presre on public services. ThroughoLrt the year, Axis Supported Living continued to provide accommodation and support to individuals with complex needs. playing an important role in preventing homelessness and supporting rehabilitation. The charity maintained dose working relationships with Leeds City Council Housing Options, Probation Services, West Yorkshire Police Public Protection Teams, the Department for Work and Pensions. and private landlords. These partnerships enabled the charity to: Maintsin fair and sustainable rent agreements with landlords Strengthen referral pathways and selection processes Implement robust needs assessments and risk management plans Improve Ihe timeliness and accuracy of Housing Benefit daims Support service users to move on successfijlly into longer-term accommodation These outcomes contribute directly to reduced risk of reoffending and improved stability for individuals leaving custody. During the year, the charity operated in a period of operational transits-on which temporarily affed capacity and throughput. Despite these challenges, services were mainlained across the propety portfolio and SUFPOrt continued to be delivered to those accommodated. Support Services Support Workers provide flexible, responsive assistan tailored to individual needs. Practical support includes.. * Provision of tenancy starter packs for new arrivals . Assistance with utility set-up, budgeting and debt management Digital support to access benefits systems and housing bidding platfomis Engagement with community-based health, wellbeing and employability seNices Support is provided during the move-on phase to assist individuals in settling into independent accommodation, reflecting the charity's commitment to sustainable outcomes. despite limited formal funding for post-tenancy outreach. Income Generation The charity's primary sources of income are.. Housing Benefil received via Leeds City Council • Eligible service charges supported by the Department for Work and Pensions Staff provide support to ensure service users maintain active benefit claims and minimise income interruptions. Where appropriate, individuals in employment or reIpt of pensions contribute to their housing costs. The charity did not undertake fundraising activits-es during the year.
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial review The results of the year to 31 March 2025 are set out in the Statement of Financial Activities. Incoming resources excluding investment income totalled £993,145 {2024= £1,036.828). Expenditure is £1,080,884 (2024.. £1,065,691). Overall the charity had a deficit of £87,739 (2024= £28,863) in the period. The funds at 31 March 2025 £205.956 (2024 £293.695). The charity recorded a deficit for the year, reflecting the operational challenges described above and a deliberate decision by the Board to prioritise seNice continuity while corrective actions were implemented. Throughout the year, the charity continued to meet its financial obligations, induding landlord rents, salaries and overheads. The Trustees have reviewed financial forecasts. operational plans and post year-end performance and are satisfied that the charity remains a going concem. The Board notes that perf0mlan and financial stability have improved materially following the year end. For this reason, they continue to adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going COnM basis can be found in the Accounting Policies. The charity aims to hold reserves equivalent to approximately three months, operating costs to support financial resilience and allow for an orderly wind-down should that ever be required. The reserves position and policy has been reviewed following changes to the organisational structure of the charity and aims to hold £211,000 in reserves based on the 202512026 budget. The level of reserves held at the year end is just under this level at the year end, bLrt aim to reach this amount by the end of 202512026. Reserves Polic 3 months operating costs and any extended Lease commitments have been assessed as adequate to enable the CIO to be closed in a structured way, enabling alternative accommodation to be found for those Service Users unable to stay in their accommodation should the CIO cease to operate. This equates to £284,040. Surplus funds are being held separately to operating capital to cover the funding necessary to support the Policy. Surplus funds are being held separately to operating capital to cover the funding necessary to support the Policy. However, the challenging financial environment experienced by the organisation over the last 18 months has reduced the amount available to cover the reserves policy. The level of reserves being held has however, provided the protection needed to enable the organisation to ride this turbulent period successfully with no impact on those Service Users on the scheme or interruption to support. The Board of Twstees and Senior Managers expect that the increase in LHA and more stable housing market in the coming year will result in an increase in the number of properties on the scheme and therefore increased income for the next financial period and along with fvture plans for organisational streamlining. there is opportunity for the Reserves Fund to return to previous levels.
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income comes directly from LCC, Housing Benefit Dept. and DWP No fundraising activities took place during this period. Some income is generated from Service Users vh)0 have obtained employment and Contribute to their charges from their earnings where Housing Benefit payments are appropriately reduced. Others are repaying historic Housing Benefit overpayments or arrears through their current benefits awards. Principal Risks and Uncertainties The charity operates within a complex and challenging environment influenced by housing market conditions, welfare policy and public sector funding decisions. Key risks are mitigated through= strong compliance with Leeds City Council and DWP requirements Close engagement with landlords to maintain propety standards and retention . A clear focus on the charity's specialist remit. avoiding mission drift Company Let lease structures that protect landlords from tenancy risk Geographic spread of properties to redu concentration risk During the year, staffing disruption at senior management level created operational challenges, including reduced capacity to progress mov&ons at the planned pace and the taking on of new Servi users. This resulted in increased void periods across parts of the portfolio. The Board responded by strengthening oversight and initiating a structured programme of organisational review and improvement. Actions taken during and after the year have significantly reduced this risk. Plans for future periods Strategic Priorities Grow property numbers through engagement yth socially responsible landlords Promote benefits of the scheme to widen landlord participation * Maintain high-quality accommodation that meets all regulatory requirements Maximise income through efficient daims management Continue to streamline processes to sustain safe and effective tumover Maintain focus on our specialist seNice for individuals leaving custody Organisational Development Continue organisational restructuring to improve leadership clarity, accountability and strategic focus Strengthen Board skills to support growth and goveman Seek appropriate grant funding for items now deemed ineligible under current commissioning frameworks Build long-term sustainability through strong governance and operational resilience Structure, governance and management The charity is a Charitable Incorporated Organisation by guarantee registered on 8 February 2017, registration number 1171529 registered in England and Wales. DaY-tdaY management is delegated to the Manager. Trustee recruitment follows a formal skills-based process via Reach Volunteering. Recent Board changes have strengthened governan, bringing additional housing and legal expertise. Strategic policies and procedures are being reviewed and updated to reflect evolving regulatory requirements and best practice.
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees who served during the year and up to the date of signature of the financial statements were.. MrA Glen Mr B Wagner-Adair Mr J Brooks None of the twstees has any beneficial interest in the company. All of the twstees are members of the company and guarantee to contribute £1 in the event of a 4Mnding up. Trustees are recruited through the Reach Volunteering website which is a nationally recognised site for such appointments. Applicants supply their Cvs and have a phone inteNiew followed by a face to fa mtIng with other Trustees. If suitable they are invited to the next Trustee meeting and voted onto the Board at that point. The term of appointment is 4 years which is detailed in the Constitution. The new Trustees undergo ID verification and sign the Trustee Eligibility Declaration form and an Auto Disqualification Dedaration with guidance supplied. The Board of Trustees continue to delegate their powers for day-to-day management of the CIO to a Senior Management Team of three. However, one senior manager is currently on long term sickness absence and the Board are working closely with our exiernal employment support service Peninsula to manage the return-tWo{ process. The Trustees confirm that when developing and revielwng the Charity's activities, policies and devising future plans they have referred to the Charity Commission's general guidan on public benefit and complied with their duties under current legislation. At present charity does not have a set of policies and procedures that relate specifically to Trustees induction and training. Trustees receive all documents in accordan with Constitution and Charity Commission rules which are CC3 Essential Trustee Guidelines., CIO Constitution- Minutes of the previous Trustee meeting and last set of signed Financial Statements and in Aug 2021 Charity conducted a skills audit of all Trustees to assess the strengths and weaknesses of the Board of Trustees. Our Senior Management Team had their pay reviewed in July 2020 by our then HR specialist Trustee conducted a thorough Benchmarking exercise using Industry equivalent posts and also looked at performance measures across the period of setting up of the Charity over the previous 3 years for each of the 3 SMT members and an appropriate rate was agreed by the Board of Trustees. SMT salaries are Currently subject to the annual pay rise which reflects any annual funding increase approved by our fvnders in line with all other staff in the organisation. Auditor During the year the Azets Audit SeNi¢es Limited, trading as Azets Audtt servIs Limited were appointed as auditors following their acquisition of Naylor Wintersgill Limited. on 1 May 2023. A resolution proposing that Azets Audit Servi$ Limited be reappointed as auditor of the company will be put at a General Meeting.
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Disclosure of infomiation to auditor Each of the twstees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such infomiation. The trustees. report was approved by the Board of Trustees. Slgned by.. 21TFgDA4B56D4T8... MrA Glen Trustee 18 December 2025
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AXIS SUPPORTED LIVING I report to the trustees on my examination of the financial statements of Axis Supported Living (Ihe charity) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charrty's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Independent examinerfs statement Since the charity's gross income exceeded £250.000. the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of Institute of Chartered Accountants in England and INales. vthich is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Praclice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities: Statement of Recommended Practi issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for the financial statements to provide a true and fair view in accordan with UK Generally Accepted Accounting Practi. I have completed my examination. l Confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the charrty as required by section 130 of the Charities Act 2011. the financial statements do not accord with those records: or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a twe and fair view, vthich is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. S*ned br. 8C2221185F424D2... Alison Whalley FCA Azets Audit Services Carlton House Grammar School Street Bradford BD14NS 18 December 2025
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Unrestricted funds 2024 Notes Income from: Charitable activities Investments 989,751 3,394 1,032,885 3,943 Total income 993,145 1,036,828 Expenditure on: Charitable activities 1,080,884 1,065.691 Total expenditure 1,080,884 1,065.691 Net expenditure and movement in funds 187,739) {28,863) Reconciliation of funds: Fund balances at 1 April 2024 293,695 322,558 Fund balances at 31 March 2025 205,956 293,695 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 12 2,160 2,881 Current assets Debtors Cash at bank and in hand 13 64,560 203,380 74,158 237,787 267.940 311,945 Creditors: amounts falling due within one year 14 (64.144) (21.131) Net current assets 203,796 290,814 Total assets less curnt liabilities 205,956 293,695 The funds of the charity Unrestricted funds 16 205,956 293,695 205.956 293,695 The financial statements were approved by the trustees on 18 December 2025 $Jed by.. 56D478... Trustee
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash absorbed by operations 20 (37,801) {41,349) Investing activities Investment income received 3,394 3,943 Net cash generated from investing activities 3,394 3,943 Net cash generated from financing activities Net decrease in cash and cash equivalents (34.407) {37.406) Cash and cash equivalents at beginning of year 237,787 275,193 Cash and cash equivalents at end of year 203,380 237,787 10-
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Axis Supported Living is a Charitable Incorporated Organisation (CIO) in England and Wales. The address of the registered Offi is given in the charity infomiation page of the financial statements. The nature of the charity's operations and prinapal activities are given on page 2 onwards. 1.1 Accounting convention The financial statements have been prepared in accordan with the charity's [Foundationl, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. {"FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, vthich is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concem At the time of approving the financial statements, the tnjstees have a reasonable expectation that the charity has adequate resources to continue in operational existen for the foreseeable future. Thus the trLtstees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtheran of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwse if the charity has been notified of an impending distribution. the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 11
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation Can be measured reliably. Expenditure is classified by activty. The costs of each activity are made up of the total of dIrt costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributatAe to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistenl with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequenuy measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the Cost or valuation of assets less their residual values over their useful lives on the following bases= Leasehold improvements Computers Motor vehides 33% Straight Line 250kn Straight Line 25% Straight Line The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indration exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient loss {if any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in Current liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balan sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultsneously. 12-
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinued) Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the charity's accounting policies. the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects (lY that period, or in the period of the revision and future periods where the revision affects both current and fvture periods. 13-
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities 2025 2024 Housing benefit and support Service user rent 977,374 1,024,446 12,377 8,439 989,751 1,032,885 Investments Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 3,394 3,943 Charitable activities 2025 2024 Staff costs Rates and landlord rents Repairs of tenanted properties Tenant expenses Rates on Vacant Properties 285,293 588,922 15,587 8,935 10,692 265,723 518,245 46,376 14,309 5,293 909,429 849,946 Share of support costs {see note 6) Share of governan costs (see note 6) 167,955 3,500 210,045 5,700 1,080,884 1,065,691 14-
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs Support Governance costs costs 2025 Support Governance Costs costs 2024 Staff costs Staff training Depreciation Office rent Repairs and renewals Light and heat Motor expenses Legal and professional Insurance Office costs Sundry Accountancy Bank charges Audit fees Independent examination 88.260 525 721 15.374 1.572 4.448 27,887 14,727 7,400 3,859 238 2,477 467 88.260 525 721 15.374 1.572 4.448 27,887 14,727 7,400 3,859 238 2,477 467 137,082 812 1,056 15,352 2.124 4,299 26,581 7,605 7,082 3,294 1,857 2,420 481 137,082 812 1.056 15.352 2.124 4.299 26,581 7,605 7,082 3,294 1,857 2,420 481 5,700 5,700 3.500 3,500 167.955 3,500 171,455 210,045 5,700 215,745 Analysed between Charitable activities 167.955 3.500 171.455 210.045 5,700 215.745 Net movement in funds 2025 2024 The net movement in funds is stated after chargingl(crediting)'. Fees payable to the charity's independent examiner= for the audit of the charity's financial statements for the independent examination of the charity's finanaal statements Depreciation of owned tangible fixed assets Operating lease charges 5,700 3.500 721 15.374 1.056 15.352 15-
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Independent Examiners remuneration Fees payable to the charity's auditor and associates.. 2025 2024 For audit services Audit of the financial statements of the charity 5,700 For other services Independent examination Accountancy 3,500 1,440 4,940 Trustees None of the trustees (or any persons connected Yth them) reiVed any remuneration or benefits from the charity during the year or prior year. 10 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number 10 Employment costs 2025 2024 Wages and salaries Social security costs other pension costs 311,132 28,199 34,222 335.251 27.061 40,493 373,553 402,805 The number of employees whose annual remunerats.on was more than £60,000 is as follows= 2025 Number 2024 Number £60,000- £70,000 16-
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees Icontinued) Remuneration of key management personnel The remuneration of key management personnel was as follows" 2025 2024 Aggregate compensation 215,991 237.568 11 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 12 Tangible fixed assets Leasehold improvements Computers Motor vehicles Total Cost At 1 April 2024 5.085 2,349 6,828 14.262 At 31 March 2025 5.085 2,349 6,828 14.262 Depreciation and impairment At 1 April 2024 Depreciation charged in the year 5,085 2,348 3,948 720 11,381 721 At 31 March 2025 5,085 2,349 4,668 12,102 Carrying amount At 31 March 2025 2,160 2,160 At 31 March 2024 2,880 2,881 13 Debtors 2025 2024 Amounts falling due within one year: Prepayments and accrued income 64,560 74,158 14 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Other creditors Accruals and deferred income 24.853 2.051 37,240 7.726 991 12,414 64,144 21,131 17-
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Retirement benefit schemes 2025 2024 Defined contribution schemes Charge lo profit or loss in respect of defined contribution schemes 34,222 40,493 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 16 unstrICted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 Reserves Policy General funds 284,040 9,655 1104.040) 104.040 180.000 25.956 993.145 (1,080.884) 293,695 993.145 (1,080.884) 205.956 Previous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 Reserves Policy Self Insurance General funds 244,481 20,000 58,077 39,559 (20,000) (19,559) 284.040 1,036,828 (1,065,691) 9,655 322,558 1,036,828 (1,065,691) 293,695 A transfer was made in the year to cover the deficit in the year. 17 Analysis of net assets between funds Unrestricted funds 2025 At 31 March 2025: Tangible assets Current assetsl{liabilities) 2,160 203,796 205.956 18-
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Analysis of net assets between funds Icontinued) Unrestricted funds 2024 At 31 March 2024: Tangible assets Current assetsl{liabilities) 2,881 290.814 293.695 19-
Docusign Envelope ID.. FD97681&E1 BF4CB&9836-A7F07D31CE7B AXIS SUPPORTED LIVING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Operating lease commitments Lessee At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases. which fall due as follows= 2025 2024 Within one year Beeen and five years 20,271 31,133 16,182 20,271 47,315 19 Related party transactions There were no disclosable related party transactions during the year (2024 - none). 20 Cash absorbed by operations 2025 2024 Deficit for the year (87,739) {28,863) Adjustments for: Investment income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets {3,394) 721 {3,943) 1,056 Movements in working capital: Decreasel(increasel in debtors Increase in creditors 9,598 43,013 {10,263) 664 Cash absorbed by operations (37,801) {41,349) 21 Anatysis of changes in net funds The charity had no material debt during the year. -20-