Charity Registraknon No. 1174197 Company Registration No. 10778305 (England and Wales} PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT AND AUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr D L F Cawdery Mrs C C Campbell Mrs N Lee Mr C Bennett Mr R J Pringle Mr E T O Adamson Ms J Rock Rev P D Homden lappoinled 10 December 2024) Mrs S E Powell lappoinled 10 December 20241 Rev M S P Willis (appointed 10 D8cember 2025} Ms A C Tyndall (appointed 17 September 20251 Mr N C Johnson (resigned 10 December 2025) Mr R Allam (resigned 10 December 20251 Secretary Miss F C Tasdelen Charity number 1174197 Company number 10778305 Registered office Moran House 1 Holes Bay Park Sterte Avenue West Poole Dorsèl 8H15 2A4 Auditors Saffery LLP Midland House 2 Poole Road Boumemoulh BH2 5QY Solicitors Lester Aldridge LLP Russell House Oxford Road Bournemouth BH8 8EX Investment advisors Evelyn Partners 25 Moorgate London EC2R 6AY Bankers Barclays Leicester LE87 2BB
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) CONTENTS Page Trustees report Statement of trustees, responsibilities Independent auditorfs report 9-12 Consolidated Statement of financial activities 13 Consolidated Statement of financial position 14 Consolidated Statement of cash flows 15 Notes to the accounts 16-37
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The dir6ctors and trustees present their annual report and the consolidated financial statements for the year ended 31 March 2025. The accounts have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and comply with the Charity's Articles of Association, the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of Recommended Pfactice applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard apptscable in the UK and Republic ol Ireland IFRS1021 leffeclive January 20151. Ob ectSves and activities The objeels clause in the companys Articles of Association slates: lal To advance physical, mental and spiritU81 health through the provision of care, facilits'es. services, support and practical advice Ibl To relieve financial hardship amongst older persons and persons of any age suffering from a physical or mentsl illness or disability 1¢) To promote equality and diversity by.. Thè elimination of discrimination on the grounds of age, dis8bilily or mental Of physical health Advancing education in and faising awareness of equality and diversity Promoting activities lo foster understanding betr4een people from diverse backgrounds Cultivating a sentiment in favour of equalrty and diversity Idl To promote the inclusion of people who are excluded from $o¢lety or parts of society by reason of their age. ill health or dlsabillty lel To provide or assist in the provision of faulities in the interests of social welfare for education, Ihe advancement of health, recreation and leisure time occupation with th8 object of improving the conditions ol life for residents of the areas selected by the Iruslees If) To research or to support or commission research inlo care for older persons and p&rsons suffering from a physical or mental illness or disability and to publish the us&ful re$ull$ of such research as praclical expre$$ion of Chdstlan love and ¢ompa$$lon al Statu$ The Prama Foundation is a charity and a company limited by guarantee. It is head of a group of charities under the trading name of "Prama". These include Pramacare, a home care provider, PramaLife, a provlder ol care and support within the cornmunily and Prama Services, currently used as a Iraining provider. There are two further companies, Prama Trade and Abba Care. Both are currently dormant bul held for if there is 8 need for future development. The Foundation owns 100010 ol its $ub$idiarie$ and appoint the D1ClOrS. The chair of each $ub5idiary musl be a director ol the Foundation. The work of the subsidiaries each contribute lo the core Christian mission of the Prama Foundation which has the objective of supporting people, primarily across Boumemoulh. Christchurch and Poole, to live with dignity as they age. Each component part of the group now has focus on specific areas of work that can largely fit under the banner of a 'life course approach to ageing". Achlevernents and Perfomance The Foundations role is to support the development of and Cothordinale the activities of Pramacare and PramaLife with the vision lo be a beacon of Christian care, compassion and support to the people of Dorset. The following strategic themes underpin Ihe development of both Pramacare and PramaLife.' 11 Delivering for today whilst planning for tomorrow. 21 Continuous improvement for our services. 31 Advancing strategic and productNe partnerships. Increasing influence. role and repulalion. 41 Safeguarding the security and SI11en¢e of Prama. 51 Sustaining our Christian identity. 61 Valuing each other, in specific referen¢e to our staff and volunteers. tearn.
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Achiovomonts and Perfomiance Continued Pramacare is the original charitable service Prarna set up in 1982. to provide quality domiciliary care support to local older adults and is still defined by ils mission lo support our Gommunity by delivering Irust8d services Ihat reflect our values ol respect. compassion 8nd falth. During 2024125 Pramacare supported 143 clients in total {2023124.. 3341 with quality domiciliary care. In achieving this Pramacare employed 84 much valued care staff {2023124.' 1061. Pramacare also supported 1.549 clients wlh their nail care12023124'. 1.3611. PramaLlfe was developed as a charity in 2017 to develop community-based activilles to enable older adults and carers to lead independent and fulfilling lives. PrarnaLif8 works across Boumemoulh. Christchurch and Poole and East Dorsel delivering a range of group a¢tivilies and one lo one support. including support group$ for people living with dementia and ¢8r$ and befriending services. By 2024125 PramaLife had developed a network of 71 support groups as well providing variety of one-lo-one svpport for older adults and carers, including a voluntary car drivers scheme in East Dorsel. befriending and mentoring support for carers and support for older adults recovering from illness and injury al home. PramaLife supports just over 2.000 people each yèar. Underpinning all of this is Prama's ethos to follow the example of Jesus Christ. who showed care and love in a practical way. As a non4enominalional group of Christian charities. the Prama group is committed lo helping people, regardless of creed. culture. or beliefs. We understand that each person we support is an infjividual and we seek to provide compassionate support, giving dignity and respeGI. The Prama Foundation supports both Pramacare and PramaLife lo achieve their charitable aims by providing fundraising and a variety of business support e.g. HR and IT support. The charitable aclivilies of PramaLife are funded through a combination of local donations, fundraising events, and applications lo charitable Irusls. Both oharilies also benefit from the income of Prama's charity shops and legacies from individuals. The aim is to develop our fundraising capacity in the long term.. however, we recognise that this musl be done with integrity, rooted in our Christian values. The Prama Foundation also has a strategic role to work with BCP Council and other local partners to develop the Bournemouth. Christchurch and Poole IBCP) conurbation as an Age Friendly community with the World Health Organisalion IWHOI. The Foundalion Is taking an active role. our Programmes Director is Vice Chair of the steering group and we aclively support a number initialives to ensure that the BCP area is Age Friendly. The is synergy between what the Foundation is seeking to achieve as a Charity and an Age Friendly community which has its aim.. A place that enables people to age well and live a good18ter life. Somewhere that people can stay living in their homes. participate in the activilies they value. and contribute to their communi(ies, for as long as possible. With involvement of the Prama Foundation, the BCP Age Friendly partnership has delivered the following projects during 2024125- Transport: Local transport providers. including More Buses and SEDCAT (the local transport charity) have received Dementia Awareness training to better support their passengers and ensure that as many people as possible can continue lo aCsS the place5 they want. We are now exploring whether transport providers can support local care homes, so that some of the residents can get and about their local communities. BCP Council are improving the opportunities to safely walk, wheel and ride in their green spaces. An example of this is the cycle track at Whitecliff in Poole. Older residents are able to enjoy resurfaced pavements, and the addition of the separate cycle lane means improvement of experience for both pedestrians and cyclists.
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Achievemènts and Pèrfomiance Continued Housing.. In December 2022 the Age Friendly Social Housing Programme was launched by the Housing Associations Charitable Trust IHACTI partnership. This is a community investment initiative targeted at connecting social housing and communitie5 that are Committed to building better places and seNices for ageing populations. The two-year programme developed a local partnership in BCP. 11 was facilitated by a local project Cothordinalor to ensure that the principles of Age Friendly Communities were embedded with local partners. Local housing providers have come together to explore how the accommodation they provide can be enhanced for older adults, e.g. with its wamith and the provision of communal spaces. Age FrlendSy Arnbassador$.' The partnership has recruited 15 Age Friendly Ambassadors representing different communities of older adults across BCP. The Ambassadors ensure that local older adulls are kept up lo date with development5 and Consult with them about Iheir needs and aspirations. which are then fed back to the partnership. An aim for 2025126 is to support more employers to b8come Age Friendty Employers. Flnancial Review Following its incorporation on 18 May 2017. the Prama Foundation look ownership of the subsidiary companles for which it was created as parent. The charity was established wlh ils own funds from within the group and the consolidated results include the subsidiaries, activities. Following ils incorporation, the charity received a gift of investments from ils subsidiary Pramacarè. which had previously been given lo Pramacare as an expendable endowment lo use for the expansion of aclivits'es that benefit older people. The broader objects of the Foundation a more compatible with the purpose of the endowment and the fund continues to provide a capital base for the charity. The nel result at 31 st March 2025 for the charity leaves the expendable endowment fund with a balance of £33,74712023124'. £33.021), and the unrestricted reserves at £33.15612023124.' £39,822). The consolidated income and eXndItUre account shows funds carried forward of £1,313,457 at the end of the period12023124.' £1,447,190), of which £66,903 relates lo the charity12023124.' £72.8431. The nel operating deficit for the charity was £6,666 for the period (2023124.. deficit of £1,032). Ro$uIts The results for the year, the slate of the charity's affairs and transfers betsveen the restricted and unstriCted funds are shown in the attached financial slalemenls. Fundralslng The Prama Foundation undertakes its own fundraising activities and does not use the services of a professional fundraiser or commercial participator. In doing so it provides infomiation to individuals who express an interest in donating lo the charity or leaving a legacy bul it does not directly canvass individuals for fundraising purposes. The charity has not at this time signed up to a voluntary fundraising regulation scheme or standard. During 2024125, no compSainls were received in respect of the charity's fundraising aclivilies.
PRAMA FOUNDATION {CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Flnancial Review Continued Investments The charity's investments are held in the Charits'es Propety Fund managed by Savills Investment Managemenl. During 2024125, no withdrawals have been completed. At 31 March 2025 the investment unit5 were valued at £33.74712023124.' £33.021). During 2023124 there was a gain on the underlying value of investments of £726 12023124.'1oss of £1,957). Olher investments within the group are held in listed stocks and shares. Currently the trustees, policy is lo invest as much cash as is not needed for current working requirements with Evelyn Partners and allow the fund managers to choose investments for a balanced return with medium risk. There is currently no specific limilalion for social, environmental or ethical inveslrnenl purposes, the Iruslees havè confirmed during 2024125 that the nature of the investments held is consislenl with the nature and purpose of the Prama Foundation. Reserves pollcy During 2020121, the trustees completed a full review of the reseNes policy of the Prama Foundation and its charitable enlilies. During which, Iru$tees Confimed that the ongoing requirement for reserves is to provide for the long term need for working capit81 as a result of the monthly invoicing cycle. provide for short term ftuclualions in income from trading, donations and grants. and provide sufficient resourc8 if the charity should close. The Reserves Policy was further reviewed by the truslees on 17 July 2024 where il was agreed that the group should hold reserves of £595,000 made up of the following amounts held by th¢ individual charitses,. The Prama Foundation.. £30,000 (previously £96.500) Pramacare.. £475.000 {no changel PramaLife: £90.000 Ino changel The Prama Foundation unrestricted res8rv8s on 31 March 2025 stood at £33.15612023124'. £39.822). Th8 difference between reserves held and the level of reserves as sel out in the reserves policy has been noted by trustees and the budget agreed for 2025126 takes account of Ihis. Pramacare unrestricted general funds stood at £570,568 on 31 March 202512023124.. £703,599). The difference between reserves held and the level of reserves as set out in the policy has been noted by the trustees and after consideration of the challenging conditions facing Pramacare it was determined that retaining a higher16v81 of reserves in the short tem was appropriate mitigation for this risk. PramaLife unrgslricled funds held at 31 March 2025 of £87.70312023124.' £112.666) this is in line with the level of reserves requirod.
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial Review Contlnued Note 28 to the accounts identifies those funds that can only be realised through the sale of tangible fixed assets and inveslmenls. The charity's group unrestricted and undesignaled funds amount lo £725,749 {2023124.' £882.8461. Flxed assets Full details of movements in tangible fixed assets are set out in note 17 to the financial stslements. The Prama Foundation does not hold any fixed assets in ils own name. Sources of funding The charity derives ils income from donations and grants from olher charilies and trusts. Further funds are generat8d in the group from charity shops selling donated go¢xls. and from investment income. The charity shops are held in the subsidiary PramaC8re bul the twslees policy is lo donate all profits to the Prama Foundation for wider use in the Prama Group. Any profits general&d from other charitable business operations in the group are normally retained within the relevant subsidiaries, PraMaGa and PramaLife. From 1 st April 2018 any profits generated by the trading subsidiaries PramaTrade and Prama Services are gifted lo the Prama Foundation. Remuneratlon pollcy None of the Iruslees receives any remuneration or benefits. A number of management and administrative staff are jointly employed by the Prama Foundat6on, Pramacare and PramaLife and from 1st April 2018 staff costs have been apportioned to the Prama Foundatlon In respect of the management of tha charity, oversight of group operations and fundraising. The remuneration of the senior management team is sel by the trustees having regard to market rates, experience needed and the degree of responsibility h81d. Em lo e Involvement Mechanisms are in place lo ensu that the staff team a consulted wlh conceming issues which affect their employment. The charity seeks lo give full and fair consideration to all applications for employment made to the charity by people Ilving with disability and make efforts in respect of the continuing employmenl and training of employees who may become disabled while employed by the company. The charity seeks to introduce, maintain and develop arrangements involving employees. providing systematic relevant information, undertaking regular employee consullalion and providing necessary training and career development lo all staff members. structure Governance and Mana ement The organisalion is a charitable company limited by guarantee. incorporated on 18th May 2017, and registered as a charity with the Charity Commission on 9th August 2017. The company was formed under a Memorandum of Association which established the objects and powers of the ¢haritable company and is governed under ils Articles of Association. Under the terms of Ihe Memorandum of Association each member of the company guarantees to contribute £10 towards the assets of the company in the event of its being wound up while helshe is a member, and towards the costs, charges and expenses of winding up. None of the tnjslees have any beneficial interest in the company.
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Structure Governance and Mana ement Contlnued The trustees, who are also directors for the purpose of company law, and who served during the year were.. Mr D L F Cawdery Rev P D Homden {appointed 10 December 20241 Mrs C C Campbell Mrs S E Powell lappoinled 10 December 2024} Mrs N Lee Rev M S P Willis lappoinled 10 December 2024} Mr C Bennett Ms A C Tyndall lappoinled 17 September 20251 Mr R J Pringle MT N C Johnson {resigned 10 December 2024) Mr E T O Adamson Mr R Allam (resigned 10 December 2024) Ms J Rock The Prarna Foundation has a board of directors which recelves recommendations and infornialion from two sub-committees focussing on.. Pramacare (The Board of Pramacarel PramaLife (The Board of PramaLife) The chair of each Committee is held by a director of the Prama Foundation and these make recommendations to the full Board of the Prama Foundation. During the year, the directors, who are also chanly trustees. established policies that were then implemented by the senior leadership team who was responsible for the employment of staff that carried out the objectives of the company. New direclorltruslees are appointed followng a review of skills by a nominations sub-commillee. Each trustee elected observes 8 board or sub-commillee meeting before final decisions are taken on appoinlmenl. The nominations sub-commillee report to the board. Persons considered to be able to offer pa'cular expertise to the charity are given a Trustee Handbook and Strategic Plan and receive a full explanation of the purpos8S, eth05 and practices of the Prama Foundation befo being invited to serve on the board. For the 2024125 financial year, day lo day managemenl of the charity was delegated to the senior lead8rship team who are directed by the Managing Director. Rlsk assessrnent A risk register is maintained to focus on specific areas of the organisation's activities and is reported to th8 Prama Foundation board on a regular basis. During 2023124 this process was strengthened through the introduction of a Board Assurance Framework. The principal risks of the charity relate to: a) Maintaining good govemance.. For any charity ensuring quality governance of the organisalion is a PTiority. During 2024 Revd Nick Johnson retired as Chair of Ihe Foundation lo be succeeded by David Cawdery. an existing trvstee, lo ensure a seamless succession and effective govemance. bl Maintsining funding streams: The Prama Foundation raises funds for its own 8clivities from a variety of sources but is dependent on trading surpluses and voluntary income to cover the costs of administration and govemance of ihe group. Financial perfomiance and cash flow are monitored centrally to ensure that rinances are managed effectively.
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Risk assessment Continued ¢) Ensuring that the Prama group of charities relain their Christian identity.. Prama was developed as a Christian charity and we are proud of what we have achieved since 1982. We recognise that the majority of our staff, volunteers and clients are not praclising Christians. however they lo are proud lo work for a charity which Is underpinned by Christian ethics and values. We musl always ensure that we explain our ethics and values clearly and they continue lo underpin our approach lo caring for and supporting people. in an increasingly complex world. Prama's Head of Retail & Facilities is the designated Health and Safety officér. Publlc Beneflt The trustees have given due regard to public benefit Nthen planning the charitys adivilies. in accordance with sections G2 and G3 of the Charity Commission's General Guidance on Public Benefit {January 20101. The paragraphs in this report sel oul our activities, achievements, and performance dufing the year, which are directly related lo the objects and purposes for which the charity exists. The charity achieves its principal objects and purpos8S through care lo any members of the public in the local community who have needs arising from a physical or psychological infimity. These benefits are directly related lo the aims of the charity and are fully compliant Trmlh Principles 1 and 2 of the Charity Commission Principles on Public Benefit. Auditors Saffery LLP ar8 auditors lo the charity and in accordance with Section 485 of the Companies Act 2006 the trustees will propose 8 motion re-appointing the auditors al their annual gen8ral meeting. Dlsclosuro of Information to audltors Each of the directors has confirmed that there is no information of which they are aware which is relevant lo the audit, bul of which the auditor is unaware. They have further confirmed that they have taken appropriate Steps to identify such relevant infomialion and to establish that thè auditors arè aware of such information. On behalf of the board of trustees Mr D L F Cawdery, Chair 11th December 2025
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE} STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees. who are also directors of the Prama Foundation {Chantable Company Limited by Guarantee) for the purpose of company law. are responsible for preparing the Trustees, Report and the accounts in accordance with applicable law and Uniled kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law requires the trustees lo prepare accounts for èach financial year which give a true and fair viéw of the slate of affairs of the Charity and of the incoming resources and application of resources including the income and expenditure. of the charitable company for that year. In preparing these accounts. the truslees are required to.. select suitable accounting policies and then apply them consistently., - observe the methods and principles in the Charities SORP.. make judgemenls and eslimales that are reasonable and prudenl,. slate whethèr applicable accounting standards have been followed. subject lo any material departur8S disclosed and explained in the financial statements.. and prepare the accounts on the going concem basis unless il is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any lime the financial position of the charity and enable them to ensure that the accounts comply with the Compariies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 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 preparation and dissemination of accounts may differ from legislation in other jurisdictions.
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF PRAMA FOUNDATION {CHARITABLE COMPANY LIMITED BY GUARANTEE) Opinion We have audited the financial slalements of the Prama Foundation Ilhe 'parenl charitable company'} and ils subsidiaries Ilhe 'group'l for the year ended 31 March 2025 which comprise the Consolidated Sialemenl of Financial Aclivilies, Consolidated Statement of Financial Position, Charity Statement of Financial Posillon. Consolidated Statement of Cash flows and notes to the financial stat8m&nts, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102. the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepled Accounting practi). In our opinion the financial statements: give a true and fair view of the state of the affairs of the group and the parent charitsble company as at 31 March 2025 and of the group's incoming resourc8s and application of resources. including ils income and expenditure. for the year then ended: have been properly prepared in accordance vAlh United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the rèquirements of the Companies Act 2006. Basi$ for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing {UKI {ISAs (UKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audil of thè financial slalemenls section of our report. We are independent of the group and parent charilable company in accordance with the ethical requirements that are relevant lo our audit of the financial slalements 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 evidence we have obtained is sufficient and appropriate lo provide a basi5 for our opinion. Concluslons r6latlng to golng concern In auditing the financial statements, we have concluded that the Ifusle8s' us& of the going concem basis of accounting in the preparation of the financial slalements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectiveEy, may cast significant doubl on the group Of the parent charitable company's ability to continue as a going concem for a period of al least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concem are described in the relevant seclions of this report. Other information The other inforrnab'on cornprises the infomialion included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial slalemenls does nol Gover the other infomialion and. excepl lo the extent otherwise explicitly staled in our report, we do not express any fomi of assurance conclusion thereon. Our responsibility is to read the other inform81ion and, in doing so. consider whether the other infoThation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such malersal inconsislencies or apparent material misstatements. we are required to delemine whether this gives rise lo a material mi5Stalement in the financial slalements themselves.
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) If, based on the work we have performed, we conclu(le that the is a material misstatement of this other information we are required lo report that fact. We have nothing to report in this regard. Othor matters pre$crlb•d by thè Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Truslees, Annual Report which includes the Dirgclors. Report for the financlal year for which the financial slalemenls are prepared is consistent wilh the financial slalemenls., and the Twstees. Annual Report which includes the DIrtOrS. Report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exception In the lighl of the knowledge and understanding of Ihe group and the parent charitable company and thoir environment obtained in the course of the audil, we have not identified rnalerial misstatements in the Trustees, Annual Report. We have nothing lo report in respect of the following matters where the Companies Act 2006 requires us to report lo you if, in our opinion- adequate a¢UntIng cOrdS have not been kept by the parent charitsble Company. or retums adequate for our audit have not been received from branches not visited by us., or the parent charitable company financial statemen1$ are not in agreement wlh the accounting records and returns.. or certain disclosures of Iruslees. muneratIon SperIed by law are not made.. or we have not received all the infomialion and explanations we require for our audit. Responslblllties of trustees As explained more fully in the Truslees. Responsibilities Statement sél out on page 8, the trustees (who are also directors of the parent charitable company for the purposes of company law) are responsible for the preparalion of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Iruslees determine is necessary to enable the preparation of financial statements thal are free from material misslatemenl, wheth&r due to fraud or error. In preparing the financial ststements, the trustees are responsible for assessing the group and the parent charitable company's ability to continue as a going concern. disclosing. as applicable, matters related to going concern and using the going concem basis of accounting unless the Iruslees either intend lo liquidate the charitable company or to cease operations. or have no realislic allemative lo do so. 10-
PRAMA FOUNDATION {CHARITABLE COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) Auditor's r•sponslbllltl•s for the audit of the financial statements We have been appointed as auditors under the Companies Act 2006 and report in accordance with regulations made under that ACL Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misststemenl when il exists. Misslalements can arise from fraud or error and are considered material if. indlvidually or in the aggregate. they could reasonably be expected to influence the enOmiC decisions of users tsken on the basis of these financial stal&ments. Irregularities. including fraud, are instances of non<omplian¢e with laws and regulations. We design procedures in line with our responsibilities. outlined above. lo delecl material misslalements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent lo which these are capable of detecting irregularities. including fraud are detai18d below. Identifying and asséssing risks ffjlated lo irregularities.. We assessed the susceptibility of the group and parent charitable company s financial statemenls lo material misstatement and how fraud might occur, including through discussions wth the trustees, discussions within our audit team planning meeting, vpdating our cOrd of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial slalements. We identified laws and regulations that are of significance in the context of the group and parent charitable company by discussions with management and updating our understanding of the sector in which the group and parent charitable company operate. Laws and regulations of direct Significanc& in the context of the group and par8nt charitable company include The Companies Act 2006 and guidance issued by the Charity Commission for England and Wales. Further the group is subject lo other laws and regulations where the consequences of non-compliancè could have a material effect on arnounls or disclosures in the financial statements, through significant fine, litigation or restrictions on the charity's operations. We identified the most significant laws and regulations lo be those issued by the Care Quality Commission. Audit response to risks identified.. We considered the extent of compliance with these laws and gUlationS as part of our audit procedures on the related financial slalement items including a review of financial slalement disclosures. We reviewed Ihe parent charitable company's records of breaches of laws and regulations, minutes of meetings and correspondence wilh relevant authorities to identify potential material misstatements arising. We discussed the parent charitable company's policies and procedures for compliance with law5 and regulations Wlth members of management responsible for compliance.
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF PRAMA FOUNDATION {CHARITABLE COMPANY LIMITED BY GUARANTEE) During the planning meeting with th9 audit t8am. the engagem8nt partner drew attention lo the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance wth laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by lesling the appropriaten95s of journal entries and Idèntifying any significant transactions that were Ltnusual or outside the normal course of business. We assessed whether judgements made in making accounting eslimales gave rise lo a possibl8 indication of management bias. At the completion stage of the audit, the engagement partner's revièw included ensuring that the team had approached their work with appropriate professional sceplicism an¢J thus the capacity lo identify noTOmplI8nce with laws and regvlalions and fraud. There are inherent limitations in the audit wocedures described above and the further removed non-¢ompliance with laws and regu181ions is from the events and Iransa¢lions reflected in thè financial slalements, the less lik8ly we would become aware of it. Also. the risk of nol delecling a material due lo fraud is higher Ihan the risk of nol deleeling one resulting from error, as fraud may involv8 deliberate conce8lmenl by, for example, forgery or intentional misrepresentations, or through collusion. A further description of our responsibilities is available on the Financial Reporting Council's wébsit6 at.. www.frc.org.ukJ8udilorsresponsibililies. This description forms part of our auditor's report. U89 of our report This report is made solely to the parent charitable company $ members. as a body, in accor(18nce with Chapter 3 of Part 16 01 the Companies Act 2006. Our audit work has been undertaken so that we might slate to the p8renl charitable company's members those mattets we are required to slate lo them in an auditor's report and for no other purpose. To tha fullest extent permitted by law, w8 do not accept or assume responsibility lo anyone other than the parenl charitable Company and the parent charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Solty LLP Casidhe Baleri (Senior Statutory Audilorl for and on behalf of Saffery LLP Mldland House 2 Poole Fload Bournemouth BH2 SQY statutory Auditors Dale.. 17 December 2025 Saffery LLP is eligible lo act as an audilor in teryns of section 1212 of the Companies Act 2006. 12-
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PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) CONSOLIDATED STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2025 Notes Group 2025 Group 2024 Charity 2025 Charity 2024 Fixed Assets Property, Plant and Equipment Investments 17 18 664,091 204.956 643,787 203,280 33,749 33.021 869,047 847,067 33.749 33,021 Current ass•t$ Inventories Trade and other receivables Cash at bank and in hand 20 21 14.300 644.597 347,423 9,029 640,764 571,227 39,913 31.879 43,875 38,136 1.006.320 1,221.020 71,792 82,011 Current Llabllltles Amounts falling due within one year.. 23 (561.9091 1599,2721 138,6381 142,1891 Net ¢urr•nt assots 444.411 621,748 33,154 39,822 Total ass•ts l•ss current Ilablllll•s 1,313,458 1,468,815 66,903 72,843 Provlslon for Ilabllltles 24 (21.6251 Not Assets 1.313.458 1,447,190 66,903 72,843 Capltal funds Expendable Endowment funds 27 33,747 33.021 33.747 33,021 Incom• funds Reslricled funds 27 10,529 17,019 44,276 50.040 33.747 33,021 Unreslricled funds: Designated funds Other ch8ri18ble funds 543.432 725.750 514,303 882,847 33,156 39,822 1.269,182 1.397.150 33,156 39,822 Total funds 1,313,458 1.447.190 66.903 72,843 The accounts were approved by the trustees on 11th December 2025 Mr D L F Cawdery, Chair Company Registration No. 10778305 14-
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) STATEMENT OF CONSOLIDATED CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Group 2025 Group 2024 Cash flows from operatlng activities: Cash generaledllabsorbed by) from operations (Nole 31) 1155.2601 154,093 Cash flows from Investlng activities Dividends and interest received Purchase of equipment Proceeds from th8 sale of investments 12.468 181,0121 7.753 1110,2131 3,500 Nel cash (used inl investing activities 168,5441 198,9601 Change in cash and cash equivalents in the reporting period (223,8041 55,133 Cash and cash equivalents al 1 st April 571,227 516,094 Cash and cash equivalents 31st Mah 347,423 571,227 15-
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE} NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 1 A¢¢ountlng pollclès Company Information The Prama Foundation (Charitable Company Limited by Guaranlee) is a private company limited by guarantee incorporated in England and Wales. The registered office is Moran House, 1 Holes Bay Park. Sterte Avenue Wesl. Poole. Dorset BH15 2AA. 1.1 Accountlng conventlon These accounts have been prepared in accordance wth FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, {'FRS 102.). 'Accounting and Reporting by Charities, the Statement of Recommended Practice for charities applying FRS 102, Ihe Companie$ Act 2006 and UK Generally Accepted Accounting Practice as it applies from 1 January 2019. The charity is a public benefit entity as defined by FRS 102. The accounts are prepared in sterfing. which is the functional currency of the charity. Monetary amounts in these financial statements a rounded to Ihe nearest £. The accounts hav8 b88n prepared on the historical cost convention. modified lo include the revaluation of certain financial instruments al fair value. The principal accounting policies adopted are set out below. 1.2 Basls of consolldatlon The consolidated accounts consolidate the accounts of the charily and its subsidiary undertakings for the year ended 31 March 2025. The Prama Foundation is the sole member of Prarnacare. PramaLife. PrarnaTrade Limited, Prama Services Limited and Abbacare. No statement of financial activities is presented for the charity as pemitted by section 408 of the Companies Act 2006. The charity made a deficit for the financial year of £6.668 (2023124 deficit of £9251. 1.3 Golng concern At the lime of approving the accounts, the trustees have reasonable expectation that the charity has adequate r&sources to continue in operational existence for the foSeeable future. There are no material uncertainties about the chanty's ability to continue and thus the trustees continue lo adopt the going concern basis of accounting in preparing the accounts. 1.4 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Designated funds comprise funds which have been set aside at the discretion of Ihe trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the accounts. Reslricled funds are subject lo specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts. Endowment funds comprise funds which are retained for the benefit of the charity as a capital fund. Where the Iruslees have a power lo convert endowed capital into income. these funds are expendable endowments. 16-
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continugd) 1.5 Incomlng resources Income is recognised when the charity is legally entitled to il after any perforn)ance conditions have been mel, the arnounls can be measured reliably, and il is probable that the income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfomance conditions require defeal of the amount. Income tax overable in relation to donations received under Gift Aid or deeds of covenant is recognised al the lime of the donation. Legacies are r8cognised on receipt or olhews? if the charity has been notified of an imp8nding distribution, the amount is known, and receipt is expected. 11 the amount is not known the legacy is treated as a contingent asset. Gifts in kind and donated facilities a recognised as income, if a value can be reliably measured, at the value lo the charity when received. In aocordance with the Charities SORP IFRS 1021. no amounts are included in the financial slalemenls for services donated by volunteers. including professional services provided directly by volunteers. Government grants are recognised al the fair value of the asset CeIVed or receivable when there is reasonable assurance that the grant conditions will be mel and the grants will be received. 1.6 Ro8our¢o8 oxpended Expenditure is recognised on an accruals basis. Expenditure has been allocated according to the Statement of Recommended Practice 'Accounting and Reporting by Charities.. Resources expended attribulable lo frach of raising of funds and charitable aclivilies are allocated to $( categories for each. whe expenses are attributable lo more than one of these, the cost category is split on the basis of estimales by the charitys management. Wages are apportioned based on employees, roles and time spent. 1.7 Intanglble assets Intangible assets are initially measured at cost and subsequently measured at cost, nel of amortisation and any impairment losses. Amortisation is recognised so as to write off the cost or valuation of the asset over 10 years on a straight line basis. 17-
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continued) 1.8 Property, plant and equlpment Property, plant and equipmenl are initially measured at cost, and subsequently measured al cost. net of depreciation and any impairrnenl losse5. Items are capitalised when their individual value is greater than £500. Depreciation is re¢ognised so as lo write off the cost or valuation of assets less their r8sidual values over their useful lives on the following bases.. Freehold land is not depreciated Freehold buildings Leasehold propety Over 28 years or the expected life of the asset if shorter Over 50 years straight line, or if the term of lease or option lo break is less. over the MainIng term or period lo the break date 20 /0 slraighl line basis 15 /0 reducing balance basis 25% reducing balance basis 33 % slraighl line basis Shop fixtures and filtings Furniture and equipment Motor vehicles Computer 8quipment The gain or loss arising on Ihe disposal of an asset is delemined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in net incomel{expendilurel for the year. 1.9 Non-¢urrent Investments Fixed asset investments are initially measured at Iransaction price excluding transaction costs, and are subsequently measured at lair value al each reportin9 date. Changes in fair value are recognised in net incomellexpendilurel for the year. All gains and losses are taken lo the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference betsveen sales proceeds and their opening carrying value. Unrealised gains and losses are calculated as the differencè between the fair value al the year end and the carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Acliviti85. Transaction costs are expensed as incurred. Inve$tmenls in subsidiaries are valued at cost less provision for impairment. 1.10 Impalnnent of non4urrent assels At each reporting end date the charity reviews the carrying amounts of its tangible and intangible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of Ihe asset is estimated in order to detemiine the extent of the impairment loss lif any). Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of lime value of money and the risks specific to the asset for which the eslimales of lulure cash flows have not been adjusted. 1.11 Inventorles Inventories are staled at the lower of cost, on a first in first out basis, and eslimaled selling price less costs to complete and sell. 18-
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.12 Cash and cash equivalents Cash and cash eouivalenls include cash in hand, deposits held at call wlh banks, other short term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdraft5 are shown within borrowings in current liabilities. 1.13 Financial instrurnents The Charity has elected lo apply th8 provisions of Section 11 'Basic Financial Instruments, and Section 12 Other Flnancial Instruments Issues. of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the charitys balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with Ihe net amounts PSented in the financial ststemenls, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo sellle on a nel basis OT lo realise the asset and settle the liability simultaneously. Bas1¢ flnan¢lal as$ot$ Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price including transaction costs and are subsequently carried at amortlsèd cost using the effective interest method unless the arrangement conslilules a financing transaction, where the transaction is measured at the present value of the future re¢eipls discounted at 8 mathel rale of int&resl. Financial assets classified as receivable within one year are not amortised. Othor flnanclal a880ts Other financial assets, including inveslmenls in equity instrumenls which are not subsidiaries. associates or joint ventures, are initially measured at fair value. which is nomially the transaction price. Such assets are subsequently carried al fair value and changes in fair value are recognised in net incomellexpendilur81 Impalmiont of flnan¢lal a$$•ts Financial assets, other than those held al fair value through income and expenditure, are assessed for indicators of impairment at each reporting end dale. Financial assets are impaired where there is objective evidence that. as a result of one or more evenls that occurred after the initial recognition of the financial asset. the estimated future cash Ilows have been affected. The impairment loss is reco9nised in net incornel{expenditure) for the year. Bas1¢ flnan¢lal liabilitlos Basic financial liabilities, including trade and olher payables and bank loans are recognised al transaction price unless the arrangement conslilutes a financing transaction, where the debt inslrLtment is measured al the present value of the future receipts 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. Concessionary loans are initially recognised at the amount received. Subsequently the loans are adjusted for any applicable repayments or interest. 1.14 Employee bgngflt$ 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 commilled lo terminate employment of an employee or to Provide lerniinalion benefits. 19-
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢eounting policies {Contlnued) 1.15 Retlrement benellts Payments lo defined contribution retirement benefit s¢hemes are charged as an expense as they fall due. 1.16 Leases Leases are classified as finance leases whenever the terms of the lease transfer subslanlially all the risks ané rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are recognised as assets at the lower of the asset's fair value al the date of inception and the present value of the minimum lease paymenls. The related liability is included in the slalement of financial position as a finance lease obligation. Leas8 payments are treated as consisting of capital and interest elements. The interest is charged to net incomellexpendilurel for the year so as lo produce a constant periodic rate of interesl on the remaining balance of the liability. Rentals payable under operating leases, including any lease incentives received, are charged lo income on a slraighl line basis over the lemi of the relevant lease. 2 Crltl¢al a¢¢ountlng e$tlmato$ and Judgements In the application of the charitys accounting policies the trustees ar8 r6quired lo make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other faclors that are considered to be relevant. Actual results may differ from these eslimales. The eslimales and undertying assumptions are reviewed on an ongoing basis. On 23 June 2021, the trustees of the Prama Foundats'on considered the extant approach to capilalising a5S8ts. It was decided that the existing policy of a limit of £250 below which items are not capilalised should be revised to "Items are capilalised when their individual valve is greater than £500" This change was been applied lo assets purchased during the 2020121 year and in $ub$equent years. 3 Donatlons and legacles 2025 Total Unreslricted Funds 2024 Total Unrestricted Restricted Funds Funds Restricted Funds Donations and gifts Legacies receivable Government 9ranls 260,452 4,367 91.081 351,533 254.751 4,367 119.122 46.249 301,000 119,122 264,819 91.081 35S.900 373,873 46,249 420,122 -20-
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 4 Charitable activities 2025 2024 Provislon of domlclllary care services Private clients Local Authority Communlty actlvltles Community activities 1,986,146 150,904 2.466,599 127,663 34,072 30.067 2,171,122 2,624,329 All of the income detailed above in both 2024125 and the Comparative year. 2023124, was unreslricled 5 Othor tradlng actlvltles 2025 2024 Total Charity shops and community activities 1.415.922 1,220,332 All of the income detailed above in both 2024125 and the comparalive year. 2023124. was unrestricted 6 Investments 2025 2024 Income from listed investments Income from charity inveslments 659 11,809 2,075 5,678 12.468 7,753 All of the income detailed abov& in both 2024125 ano Ihe comparative year. 2023124. was unrestricted 7 Othor In¢omo 2025 2024 Miscellaneous inGome 3.148 2,529 All of the income detailed abovo in both 2024125 and the comparative year. 2023124. was unrestricted 21
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 8 Expondlturo on ralsing funds 2025 2024 Fundraising and publicity Staff costs Other fundraising costs 49,983 277 34.243 88 50,260 34.331 Fundralslng trading: costs of goods sold and other Gosts Operating charity shops Training services 1.100,209 7,524 912,846 53,322 1.107,733 966,168 Total 1,157,993 1,000,499 All of the income detailed above in both 2024125 and the comparative year. 2023124, was unr8Stricled 9 Expendltur8 on charltable actlvltles 2025 2024 Provlslon of care servlces Staff costs Staff travèl and expenses Office and other expenses Care fees subsidy scheme Fa¢llllatlon of communlty groups and actlvltles Staff costs community facililalion Community activity expenses Other activity and proje¢l Costs 1,503,877 12S.651 40.787 10,141 1,715,998 151,176 43,313 8,380 223,302 43.948 33,612 211,164 41,543 17.598 1,981,318 2.189.172 Support costs Inole 101 Govemance costs {nole 11) 926,436 28,338 847,127 30.068 2,936,092 3,066,367 Analysis by fund Unrestricted funds - general Unrestricted funds - designated Restricted funds 2,827,248 17,449 91.395 3,001,795 20.439.00 44.133 2,936.092 3,066,367 -22-
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Support costs 2025 2024 Staff costs management and administration Travel costs - management and administration Rent Heat light and water Repairs and maintenance Insurance Miscellaneous gxpenses Computer expenses Printing postage and stationery Advertising Archive storage Telephone Professional fees Staff - other costs Expenses training Bank charges and interest Depreciation 546,439 717 210 8,826 26,771 22,144 18,933 82,479 35,745 56,397 451,417 482 13.477 12,393 35,149 25,326 15.310 69.554 37,635 68,129 2,056 16,808 16,862 23,716 5,267 5,393 48.153 14,726 18.275 25,422 4,540 4,104 60,708 926,436 847,127 11 Governanc8 costs 2025 2024 Audit fees - current years Audit fees - prior years Lègal and professional current year Legal and professional - prior year 18,500 3,590 5,768 480 16,950 2.620 8,548 1,950 28,338 30,068 12 Trust•OS None of the lrnstees lor any persons connected with them) received any remuneration oi benefits. One Iruslee received £123 in respect of expenses incurred during the year12023124.' £nill- -23-
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Employees Number of employees The average weekly number ofemployees during the yearwas-. 2025 Headcount 2024 2025 2024 Headeount Full tlme Full lime equivalent equivalent Dir8cI charitable aclivilies Trading activities Fundraising Manag8menl and administration 105 32 118 27 38 22 43 20 34 31 29 27 172 177 90 91 Employment Costs 2025 2024 Wages and salaries Social security costs Other pènsion costs 2,657,693 2,632,892 179.305 176,459 54.626 51,920 2,891,624 2,861,271 The number of employees whose annual remuneration was £60,000 or more were.. 2025 number 2024 number £60,000 to £69,999 £70,000 to £79,999 Contributions lolalling £5,981 {2023124- £5.567) were made lo defined contribution pension schemes on behalf of employees whose emoluments exceeded £60,000. The lolal remuneration and benefits of the Senior Management Team amounted to £238,262 12023124.. £189,928). -24-
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Not (lo$$}Igalns on Inv•stm•nts Unrestricted funds Endowment funds 2025 2024 Revaluation of inveslments 1.067 726 1,793 14,749 15 Net Income from activitles 2025 2024 Nel income from activities is slated after charging.. Depreciation Auditors remuneration 60,708 18,500 3,590 3.030 48,153 16,950 2,620 5.150 audit fees current year audit fees prior years olh&r services 16 Taxatlon The follown9 group companies are exempl from taxation due to their charitable status- The Prama Foundation Pramacare PramaLife -25-
PRAMA FOUNDATION {CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Propèrty, Plant and Equlpmènt Freehold Computer Leasehold Leasehold Shop Fumiture Motor property equipment property property fixtures & and vehicles and & softsvare long lenn short tem) fittings equipment atterations Total Cost Al l April 2024 Additions Disposals 780,639 50.661 62.043 53,599 27,322 20.085 53,690 68.106 16.014 1.051.147 81,012 {7001 1700) Al 31 March 2025 780.639 49.961 62.043 80.921 73.775 68,106 16,014 1,131,459 Depreciation Al l April 2024 Charged Disposals 301,782 22,181 10,615 6.973 17001 26,595 1,241 23,687 17.996 7,825 4.479 36,522 3.918 334 3.920 407,360 60.708 1700) Al 31 March 2025 323,963 16.888 27.836 41,683 12,304 40,440 4,254 467,368 Nel book value 31 March 2024 478.857 40.046 35.448 29.912 12,260 31,584 15.680 643,787 31 March 2025 456,676 33,073 34.207 39,238 61,471 27,666 11,760 664,091 The ¢arying value of land included in freehold property at 31 March 2025 was £258,941 131 March 2024: £258.941). The charity has fixed assets of £nil. The trustees have assessed the value in use of the propety lo Ihe Charity as being the carrying value. Commitments: There were no capital commitments at 31 March 2025 (31 March 2024= £nil). -26-
PRAMA FOUNDATION {CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Investments Group 2025 Group 2024 Charlty 2025 Charity 2024 Unil Trvsts and Bonds Listed Securities Commercial Propety Fund Cash Shares in group undertakings PramaTrade Limited Prama Services Limited 135.784 22,177 33,747 13.248 135,845 23.342 33,019 11,074 33,747 33,019 204,956 203,280 33,749 33,021 Flxod assot Invo$tm•nts revalued All investments are carried al fair value. Investments in equities and fixed interest securities are all trad8d in quoted public markets, primarily the London Stock Exchange. Holdings in unit trusts are at bid price. The investments are held to provide a medium risk retum for the charity whilst maintaining capital value. Thg portfolio is managed by specialists and covèrs a spread of sectors in order to minimise the impact of fluctuations in markets globally. The Expendable Endowment Fund is invested in a professional managed commercial propety fund. Disposal is subject lo the rules of the fund bul there is a strong demand for units and short temi liquidity is considered to be low risk. Group 2025 Group 2024 Charlty 2025 Charity 2024 Movements In non<urrent Inveslments Market value al 1 April Disposals at opening book value Income accumulations Change in value in the year Nel movement in cash 203,280 187.629 33.021 34,978 {498} 2,174 24,707 (9,056) 726 11.957} Market value al 31 March 204.956 203,280 33,747 33.021 Carrylng amount At 31 March 204.956 203,280 33.747 33,021 Historical cost Al 31 March 116,723 105.493 34,974 34,974 The significance of financial instruments to the ongoing sustainability of the charity is considered in the Trustees, Report. -27-
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 19 Financial instruments Group 2025 Group 2024 Charity 2025 Charity 2024 Carrying amount of financial assets al fair value through profit and loss 204,956 203,280 33.747 33,019 20 Inventories Group 2025 Group 2024 Charity 2025 Charity 2024 Finished goods and goods for resale 14,300 9,029 21 Trade and other re¢•lvable$ Group 2025 Group 2024 Charlty 2025 Charity 2024 Amounts falling due within one year Trade receivables Provision for trade receivables Other receivables Prepayments and accrued income Amounts owed by group undertakin9S Loans to group undertakings 163,786 12,425) 129,674 353.562 211,643 (4,1571 57.923 375,355 408 53 19,452 20,000 404 114 23.357 20.000 644,597 640.764 39,913 43,875 22 Borrowlngs Group 2025 Group 2024 Charlty 2025 Charity 2024 Con¢essionary loan payable within one year 250,000 250,000 The loan of £250,000 from the Valentine Charitable Trust has no set PaYMent dale. There is no interest payable durin9 the lemi of the loan and there are no inslalments due. Repayment will be the greater of £250,000 or 41.6711/0 of the value of the property al the time of repayment. This loan is secured against the freehold property. -28-
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Liabilities Group 2025 Group 2024 Charlty 2025 Charity 2024 Amounts falling due within one year: 8orrowings (Note 221 Trade payables Taxes and Social Security costs Other payables Accruals and deferred income Amounts owed to group undertakings 250,000 79,435 35.462 104,350 92,662 250.000 85.487 35,489 109,423 118.873 904 777 5.060 32,674 4.675 36.737 561,909 599.272 38,638 42.189 24 Provl$lons Group 2025 Group 2024 Charlty 2025 Charity 2024 Provision for liabilities 21,625 25 P8nslon The company operates a defined contribution scheme. Group 2025 Group 2024 Charlty 2025 Charity 2024 Contributions paid in year Care services Community centre and activities Trading activities 35,480 8,935 10.211 36.609 7.430 7.881 1,081 1.021 54.626 51,920 1,081 1,021 The contributions are all allocated to unrestricted funds. -29-
PRAMA FOUNDATION {CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 26 Related parties Control Throughout the period, The Prama Foundation was controlled ultimately by ils members who meet annually al the Annual General Meeting. The Board of Difeclors and Trustees elected by Ihe members governs the affairs of the charitable company beeen Annual General Meetings. Transactlons Mr E Adamson Is a trustee of Pramacare and is also a designated mernber of Lesler Aldridge. During the year Pramacare paid £1,418 for professional legal services provided by Lester Aldridge. Mr E Adamson was not involved in the transactions, and these were at ami's lenglh. {2023124: £4,208) 27 Analysls of Group funds . 2024125 Current Year Balance at Income in Expenditure Gains on Transfers Balanc? at 1.4.2024 year in year investments 31.3.2025 Capltal Funds Expendable endowment funds Greenhill Fellowship Trust 33.021 726 33,747 Income Fund5 Designated funds.. Fixed asset fund Mortgage repayment fund Client support fund IT refresh fund 264.303 250.000 123,422) 240,881 250,000 39,859 12.692 {10,141) (7,308) 50,000 20,000 514.303 {17,449) 46,578 $43,432 General funds.. Unreslricled funds 882,847 3,867,479 (3.985.241) 1.067 140,4021 725,750 Restricted funds.. Sporting memories project Befriending scheme Valentine Trust Wellbeing Hub End of life training Superstore Development Grant 2,442 1,111 (3141 2.128 1.111 15,000 76,081 11 5,0001 176.0811 2.657 10,809 2,657 4.633 {6,176} 17.019 91.081 (91.395) {6,176) 10,529 Total funds 1.447.190 3.958.560 (4.094.085) 1,793 1,313,458 The ITansfer from the superstore developmenl grant restricted fund to general funds is an amount equal lo the annual depreciation charged in general funds for the assets purchased wth the grant funding. -30-
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 27 Analysis of Group funds - 2023124 Prior Year Comparalive Balance at Income in Expenditure Gains on Transfers Balance at 1.4.2023 year in year investments 31.3.2024 Capltal Fund$ Expendable endowment funds Greenhill Fellowship Trust 34,978 11,957) 33.021 In¢om• Funds Designated funds.. Fixed asset fund Mortgage repayment lund Digilisalion of Care fund 282,222 250,000 20,439 (17,9191 264.303 250,000 {20.4391 552,661 {20,4391 117,9191 514,303 General funds: Unrestricted funds 605,559 4,228.816 14.002.294) 16,706 34,060 882.847 Restricted funds.. Sporting memories project Magic table fund Befriending scheme Valentine Trust Wellbeing Hub End of life training Registered Managers NetWOTk Superstore Development Grant 2.630 1,123 1,111 (1881 (1.1231 2.442 1.111 15,000 31.249 (12,5371 (23.7471 (5.8281 {7101 12,4631 17,5021 8.485 710 16.985 2,657 16,1761 10,809 31.044 46.249 144.133) 116,1411 17,019 Total funds 1.224.242 4.275,065 14.066,866) 14,749 1.447.190 31
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 27 Analysis of The Prarna Foundatlon Charltyfunds- 2024125 Curront Year Balance al Income in Expenditure Gains on 1.4.2024 year in year investments Transfers Balance at 31.3.2025 CapStal Funds Expendable endowmenl funds: Greenhill Fellowship Ti 33.021 726 33,747 General funds.. Unr8strict8d funds 39.822 120.079 (126,745) 33,156 Total funds 72,843 120,079 (126,745) 726 66.903 Analysls of The Prama Foundatlon Charlty funds - 2023124 Prlor Year Comparative Balance at Income in Expenditure Gains on Transfers 1.4.2023 year in year investments Balance at 31.3.2024 Capltal Funds Expendable endowThent funds Greenhill Fellowship Ti 34,978 (1,9571 33,021 General funds.. Unreslricled funds 38,790 89,962 188.930) 39,822 Total funds 73,768 89.962 (88,930) (1,957) 72,843 Expendable Endowment Funds The Greenhill Fellowship Trust Fund represents a gift of investments, the income from which is to be used to support charitsbl8 activities that enhance the quality of life for the charity's clients and other vulnerable adults in the Dorset area, and family members who are caring for them. The capital may be used at the discretion of the Iruslees. Oeslgnated funds The income funds of the group include the following designated funds which have been sel aside out of unrestricted funds by the trusl8es lo ensure thal the charity has adequate funding for future requirements.. al Fixed Asset Fund-. An amount equal to the net book value of freehold and long term leasehold assets less the long temi funding of Pramacare's freehold propety. The transfer from general funds during the year accounts for the nel additions lo fixed assets less the depreciation charged. b} Mortgage Repayment Fund.. An amount set aside to provide the funds necessary lo repay the long term funding of Pramacare's freehold PToperty. An amount was being transferred from general funds each year to build up a fund of £250,000. c) Digitisation of Care Fund: An amount set aside to provide the funds necessary to cover the set up costs of the Digilisation of Care projecl. -32-
PRAMA FOUNDATION {CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 27 (Continued) Deslgnated funds (Continued) dl Client Support Fund- A transfer from unrestricted funds to establish a designated fund to provide assistsnce to clients who are not able to cover the full cost of their care. el IT Refresh Fund: A transf8r from unrestricted funds to establish a designated fund to cover the cyclical cost of replacing IT assets. Restrlctod funds The income funds of the group include restricted funds compTlslng the following unexpended balances ol donations and grants held on trust for specific purposes. a) Sporting Memori8s project.. This is for regular activities to support older people who ar8 lonely andlor isolated or have dementia. b) Magic Table Fund.. This is a fund set up for local people to donate lo for the purchase and maintenance of a "Magic Table. display unil for people with dementia in the Wimborne area. c) Befriending scheme.. This project supports lonely older people with volunteers. d) Valentine Trust.. A grant to fund PramaLife activities in Poole supporting older pèople and carers. ?) Wellbeing Hub.. A joint proje¢l with the NHS and Help & Care lo support and signpost adults who need emotional and practical support. fl End of life training.. This fund is lo train staff in end of life care. g) Registered Managers network - this fund is used to provide coordination of a peer netsvork amongst Registered Care Managers in Dorset. h) Superstore Development Grant: This grant was given by th8 Talbot Village Trust to enable Pramacare lo develop and open the Superstore in February 2023. 28 Analysls of not assets botwoen funds The Prama Foundatlon Grou 2024125 - Current Year Fund balances at 31 MaTch 2025 are represented by.. Tangible fixed assets Investments Current assets Creditors {amounts falling due thin one yearl Unrestricted Designaled fijnds funds Reslricled Endowment funds funds Total 173.210 490,881 171,207 131,344 (250,000) 664.091 204.956 1,006.320 1561,909) 33.749 864,447 (311,909) 10.529 725.748 543,432 10.529 33,749 1,313,458 -33-
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 28 Analysis of not assets between funds {Continued) The Prama Foundation Grou 2023124- Prior Year Comparatlve Fund balances at 31 March 2024 ar8 r8presenled by-. Tangible fixed assets Investments Current assets Creditors lamounls falllng due thin one year) Unrestricled Designated Restricted Endowment funds funds funds funds Total 129.484 514,303 170,259 1.124.260 79,741 {370,8971 1250,0001 643.787 203,280 1,221,020 1620.8971 33,021 17,019 882,847 514,303 17,019 33,021 1,447,190 The Prama Foundatlon Charl 2024125 - Current Year Fund balances al 31 March 2025 are represented by: Inveslrnents Current assets Creditors (amounts falling due within one yearl 33,749 33,749 71,792 138,6381 71,792 {38,638) 33,154 33,749 66,903 The Prama Foundation Chari 2023124 - Prior Year Comparative Fund balancès al 31 March 2024 are represented by: Investments Current assets Creditors (amounts falling due within one yearl 33,021 33,021 82,011 142,1891 82,011 {42,1891 39,822 33,021 72,843 29 Contlng•nt Ilabllltlas Pramacare has an obligation to repay the108n from the Valentsne Charitable Trust (see note 231 at the higher of £250.000 or 41.67010 of the value of the property. Moran House. 1 Holes Bay Park. Sterte Avenue West, Poole. In view of additional expenditure on the property by the Charity. the trustees of the Valentine Charitable Trust have agreed to review the percentage payable in light of advice from professional valueTS before repayment.
PRAMA FOUNDATION {CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 30 Commitments under operatinglgasos At the reporting end dale the group had outstanding commitments for future minimum lease payments under nonv¢ancellable operating leases. lch fall due as follows: Land and Olher Buildings Equipment Total 2025 Total 2024 Within one year Between hvo and five years 5 years + 183.450 270.808 6,700 34,331 43,251 217,781 314,059 6.700 154.064 223,230 8,850 460.958 77.582 538,540 385,944 Lease paymenls recognised as an &xpense in the axounts 227,162 239,887 31 Cash generated froml (absorbed by) oTatIonS Group 2025 Group 2024 Net Ideficill I surplus (deficit) for the year (as pei th8 statement of financial activitli (133,7321 Adjustments for- Depreciation charges Losses I (Gainslon inveslmenls Dividends and interest Gain on disposal of property, plant and equipment 222,948 60,708 498 {12,4681 48,153 124,707) 17,753) {2,187) Movements in working capilal.. Ilncrease} in stocks Ilncrease} in debtors Ilncrease} l Decrease in cash with investment managers (Decrease) I Increase in creditor5, 15,2731 12.8991 {3.8331 1135,595) {2.1741 9,056 158.9881 47,077 Cash labsorbedl I generaled by operations 1155,2601 154.093 -35-
PRAMA FOUNDATION (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 32 Analysls of changes In net debt 2024125 - Current Year Other non- cash At 31 March changes 2025 At 1 April 2024 Cash ftows Cash Cash equivalent$ Overdraft Loan5 due within 1 year Loans due after 1 year 571.227 1223,8041 347,423 1250,000) {250,0001 321.227 1223.804) 97.423 2023124 - Prlor Year Comparatlve Other non- cash At 31 Mar¢h changes 2024 Al 1 April 2023 Cash flows Cash Cash equivalents Overdraft Loans due within 1 year Loans due after 1 year 516,094 55.133 571,227 1250,000) 1250,0001 266.094 55,133 321.227 36-