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2025-06-30-accounts

Charity registration number: 1182087

Adapt Charity

Annual Report and Financial Statements for the Year Ended 30 June 2025

Adapt Charity

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 22

Adapt Charity

Reference and Administrative Details

Chairman H T Cobb Trustees H T Cobb S A Sarai M Stainer J Elford Senior Management / Leadership E Cobb, Chief Executive Officer (CEO) Team Raymond Hood Charity Registration Number 1182087 Principal Office Podium, Sandford Gate Eastpoint Business Park Oxfordshire OX4 6LB Independent Examiner Sajjad Rajan CTA FCCA ACA Smartax Limited 38 Station Road Harrow Middlesex HA2 7SE

Page 1

Adapt Charity

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 30 June 2025.

Objectives and activities

Objects and aims

The charity's main objective is to provide housing and support to those in recovery from addiction/alcoholism.

Adapt is an innvoative organisation with a clear mission to support people living in addiction to achieve lasting reocvery. This is achieved through two distinct services:-

  1. Provision of safe and quality housing together with regular drug testing, which is vital for individuals who have been homeless and or vulnerably housed due to their addiction issues.

  2. Establishment and provision of an invaluable therapeutic service that combines intensive evidence-based therapies delivered on a 1 to1 basis as well as a group-based setting.

Uniquely the service is designed and delivered by experts with lived experience. Empathy for the addict is central to our values and our vision for achieving the long term change so urgently needed.

The core aims of Adapt are:

Objectives, strategies and activities

Adapt is based in Cowley, Oxford, in the heart of one of the 20% most deprived areas in the United Kingdom. By helping those caught in the cycle of addiction, Adapt provides a clear path to prevent recurrence there by helping the individuals directly and thereby reducing the associated impact of addiction on the wider community.

Public benefit

The trustees understand and are committed to ensuring that Adapt Charity upholds the Charity Commission's guidance on public benefit. Public benefit inspries us and drives our charitable activity and this is demonstrated in the detail of this report.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 2

Adapt Charity

Trustees' Report (continued)

Achievements and performance

During the year, Adapt made considerable progress in expanding its services and strengthening its organisational capacity.

During the year July 2024 to June 2025, Adapt entered a period of organisational consolidation and systems maturity. Following a phase of significant expansion in previous years, the Board and leadership team made a strategic decision to prioritise operational refinement, programme integrity, and quality assurance across all areas of service delivery.

Rather than pursuing rapid growth, the organisation focused on strengthening internal structures, governance oversight, and therapeutic consistency to ensure that future expansion is sustainable and outcomes-driven.

In line with this measured approach, Adapt opened two additional properties during the year. This carefully managed increase in provision enabled the charity to meet demand while maintaining high standards of safeguarding, property management, and resident support.

At year end, Adapt was housing 47 men. Sixteen were engaged in primary treatment, with the remaining residents accommodated within move-on properties. Importantly, all individuals in move-on accommodation have successfully completed the primary programme, demonstrating a structured and progression-based model of recovery that prioritises achievement and personal development.

A key development during the year was the redesign of the therapeutic pathway. The primary programme was refined and streamlined to a four-month intensive phase, allowing for greater focus, clearer objectives, and improved capacity flow. To ensure continuity of care, Adapt introduced a Secondary Programme as a structured step-down provision. This programme consists of three mornings per week, delivering six hours of therapeutic support at the hub.

The introduction of the Secondary Programme strengthens the organisation’s graduated recovery model by creating defined stages of engagement, from intensive primary treatment, to structured secondary support, through to independent living within move-on accommodation. This tiered approach enhances accountability, supports sustained recovery, and ensures that therapeutic input is proportionate to each stage of progression.

Throughout the year, the Trustees maintained oversight of service standards, safeguarding procedures, financial resilience, and programme outcomes, ensuring that Adapt’s growth remains aligned with its charitable objectives and long-term strategic vision.

Financial review

The total income for the year was £832,725 (2024: £716,861) comprising donations received of £86,515 (2024: £72,403) and income attributable to it's main activitiy of provision of housing and shelter of £746,210 (2024: £644,218). The trustees consider the results reflects the effectiveness of the charity in pursuing it's primary objective to support people living in addiction to achieve lasting recovery by providing safe and quality housing.

The total expenditure for the year was £814,859 (2024: £680,136) comprising expenditure on charitable activities and cost of raising funds of £807,770 (2024: £669,323) and £7,089 (2024: £10,813), respectively.

Consequently, the total unrestricted funds and the restricted funds increased by £16,535 and £1,331, respectively, during the year.

Page 3

Adapt Charity

Trustees' Report (continued)

Policy on reserves

The charity continues to build up and keep sufficient reserves in order to meet its charitable objectives.

Plans for future periods

Aims and key objectives for future periods

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: H T Cobb

J Oakley (resigned 23 February 2026) C Alele (appointed 13 March 2025 and resigned 31 August 2025) S A Sarai (appointed 1 September 2025) M Stainer (appointed 9 February 2026) J Elford (appointed 23 February 2026)

Chairman:

H T Cobb

Senior Management / Leadership E Cobb, Chief Executive Officer (CEO) Team: Raymond Hood

Page 4

Adapt Charity

Trustees' Report (continued)

Structure, governance and management

Nature of governing document

The charity is a Charitable Incorporated Organisation (CIO) and was established by a constitution dated 18 February 2019.

The charity is administered in accordance with the powers invested in the trustees, as documented in the constitution.

There are no specific restrictions with regard to the way in which the charity may operate provided that the objects of the charity as documented are met.

Recruitment and appointment of trustees

New trustees are recruited from people known by the existing trustees. New trustees are referred to the Charity Commission guidance on their duties as a trustee.

Organisational structure

The Charity is run by the CEO, Edwina Cobb assisted by three other members of staff, an operations manager and therapists. The trustees meet regularly to review and provide oversight.

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees 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.

Page 5

Adapt Charity

Trustees' Report (continued)

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The annual report was approved by the trustees of the charity on 15 April 2026 and signed on its behalf by:

......................................... H T Cobb Chairman and trustee

Page 6

Adapt Charity

Independent Examiner's Report to the trustees of Adapt Charity

I report to the trustees on my examination of the accounts of Adapt Charity for the year ended 30 June 2025.

Responsibilities and basis of report

As the charity trustees of Adapt Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Adapt Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since Adapt Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Chartered Certified Accountants and Statutory Auditors, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of Adapt Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which 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 accounts to be reached.

...................................... Sajjad Rajan CTA FCCA ACA Smartax Limited Chartered Certified Accountants and Statutory Auditors

38 Station Road Harrow Middlesex HA2 7SE

15 April 2026

Page 7

Adapt Charity

Statement of Financial Activities for the Year Ended 30 June 2025

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Other income
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 Unrestricted
funds
£
60,929
746,210
-
807,139
(7,089)
(783,515)
(790,604)
16,535
16,535
146,965
163,500		 Restricted
funds
£
25,586
-
-
25,586
-
(24,255)
(24,255)
1,331
1,331
-
1,331		 Total
2025
£
86,515
746,210
-
832,725
(7,089)
(807,770)
(814,859)
17,866
17,866
146,965
164,831		 Total
2024
£
72,403
644,218
240
716,861
(10,813)
(669,323)
(680,136)
36,725
36,725
110,240
146,965

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 19.

The notes on pages 10 to 22 form an integral part of these financial statements. Page 8

Adapt Charity

(Registration number: 1182087) Balance Sheet as at 30 June 2025

Note
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
15
Creditors: Amounts falling due within one year
16
Net current assets
Total assets less current liabilities
Creditors: Amounts falling due after more than one year
17
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
19		 2025
£
29,741
110,073
51,891
161,964
(26,874)
135,090
164,831
-
164,831
1,331
163,500
164,831		 2024
£
47,199
127,488
42,287
169,775
(59,129)
110,646
157,845
(10,880)
146,965
-
146,965
146,965

The financial statements on pages 8 to 22 were approved by the trustees, and authorised for issue on 15 April 2026 and signed on their behalf by:

......................................... H T Cobb Chairman and trustee

The notes on pages 10 to 22 form an integral part of these financial statements. Page 9

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2025

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Adapt Charity meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Exemption from preparing a cash flow statement

The charity has taken advantage of reporting exemptions under FRS 102 and therefore not included a cash flow statement in these financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Judgements

In the application of the accounting policies, Trustees are required to make judgement, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affected current and future periods.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Page 10

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

Other income

Rental income is recognised in the period in which the income falls due on an accruals basis.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of expenditure.

All resources expended are inclusive of irrecoverable VAT.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant expenditure

Grants payable are charged in the year when the offer is conveyed to the recipient. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure. Where a grant has been made for the benefit of an individual, or a group of individuals, through the means of an institution, this is recorded as a grant to the institution.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Irrecoverable VAT

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 11

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Furniture & Fittings 20% straight line basis Motor Vehicles 20% Straight line basis

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Page 12

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Hire purchase and finance leases

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the charity, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the Statement of Financial Activities over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Pensions and other post retirement obligations

The charity operates a defined contribution cheme for the benefit of its employees. Contributions are expensed as they become payable.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2 Income from donations and legacies

Donations and legacies;
Donations from individuals
Grants, including capital grants;
Donations from community
groups		 Unrestricted
funds
General
£
41,179
19,750
60,929		 Restricted
funds
£
25,586
-
25,586		 Total
2025
£
66,765
19,750
86,515		 Total
2024
£
72,403
-
72,403

£60,558 of the prior year income was attributable to unrestricted funds and £11,845 to restricted funds.

3 Income from charitable activities

Housing and shelter income Unrestricted
funds
General
£
746,210		 Total
2025
£
746,210		 Total
2024
£
644,218

Page 13

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

All of the prior year income was attributable to unrestricted funds.

4
Other income
Sundry income		 Total
2025
£
-		 Total
2024
£
240

All of the prior year income was attributable to unrestricted funds.

Page 14

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

5 Expenditure on raising funds

a) Costs of generating donations and legacies

Marketing and publicity Unrestricted
funds
General
£
7,089		 Total
2025
£
7,089		 Total
2024
£
10,813

All of the prior year costs were attributable to unrestricted funds.

6 Expenditure on charitable activities

Provision of Accomodation
Rehabilitation and welfare
Provision of Accomodation
Rehabilitation and welfare		 Activity
undertaken
directly
£
562,547
155,020
717,567
Activity
undertaken
directly
£
468,963
127,361
596,324		 Activity
support costs
£
70,716
19,487
90,203
Activity
support costs
£
57,406
15,593
72,999		 2025
£
633,263
174,507
807,770
2024
£
526,369
142,954
669,323

£783,515 (2024 - £624,569) of the above expenditure was attributable to unrestricted funds and £24,255 (2024 - £44,754) to restricted funds.

Page 15

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

7 Analysis of governance and support costs

Support costs allocated to charitable activities

Provision of accomodation
Rehabilitation and welfare
Provision of accomodation
Rehabilitation and welfare		 Governance
costs
£
6,771
1,865
8,636
Governance
costs
£
6,757
1,835
8,592		 Finance costs
£
2,061
569
2,630
Finance costs
£
1,101
299
1,400		 Staff costs
£
45,289
12,480
57,769
Staff costs
£
39,480
10,722
50,202		 Administration
costs
£
11,721
3,230
14,951
Administration
costs
£
7,154
1,945
9,099		 Other support
costs
£
4,875
1,342
6,217
Other support
costs
£
2,914
792
3,706		 Total
2025
£
70,717
19,486
90,203
Total
2024
£
57,406
15,593
72,999

Page 16

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

Governance costs

Independent examiner fees
Examination of the financial statements
Other fees paid to examiners
Legal and professional fees		 Unrestricted
funds
General
£
3,250
650
4,736
8,636		 Total
2025
£
3,250
650
4,736
8,636		 Total
2024
£
3,000
600
4,992
8,592

All of the prior year governance costs were attributable to unrestricted funds.

8 Net incoming/outgoing resources

Net incoming resources for the year include:

Depreciation of fixed assets
Finance charges payable		 2025
£
22,186
1,806		 2024
£
21,240
1,400

9 Trustees remuneration and expenses

No trustees have received any reimbursed expenses from the charity during the year.

Page 17

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

10 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2025
£
159,240
15,233
4,398
178,871		 2024
£
137,485
7,730
3,691
148,906

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

2025 2024
No No
Administrative staff 5 6

The total employee benefits of the key management personnel of the charity were £114,844 (2024 - £66,985).

The Chief Executive Officer (CEO), as the highest paid member of staff, received benefits totalling £69,233 (2024 - £61,036). The CEO is also the sister of one of the trustees.

During the year the charity made the following transactions with key management personnel:

Chief Executive Officer

As at 30 April 2025, the balance of loan outstanding from the CEO was £1,100 (2024 - £1,100). In addition, the CEO was provided with benefits in kind, which included the use of a charity-owned vehicle, a private fuel benefit and childcare (also provided in 2024).

11 Independent examiner's remuneration

Examination of the financial statements
Other fees to examiners
All other services		 2025
£
3,250
650		 2024
£
3,000
600

Page 18

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

12 Taxation

The charity is a registered charity and is therefore exempt from taxation.

13 Tangible fixed assets

Furniture and
equipment
£
Cost
At 1 July 2024
74,164
Additions
4,727
At 30 June 2025
78,891
Depreciation
At 1 July 2024
40,259
Charge for the year
15,778
At 30 June 2025
56,037
Net book value
At 30 June 2025
22,854
At 30 June 2024
33,905
Assets held under finance leases and hire purchase contracts
The net carrying amount of tangible assets includes the following amounts
finance leases and hire purchase contracts:
Motor vehicles
14 Debtors
Prepayments
Accrued income
Other debtors		 Furniture and
equipment
£
Cost
At 1 July 2024
74,164
Additions
4,727
At 30 June 2025
78,891
Depreciation
At 1 July 2024
40,259
Charge for the year
15,778
At 30 June 2025
56,037
Net book value
At 30 June 2025
22,854
At 30 June 2024
33,905
Assets held under finance leases and hire purchase contracts
The net carrying amount of tangible assets includes the following amounts
finance leases and hire purchase contracts:
Motor vehicles
14 Debtors
Prepayments
Accrued income
Other debtors		 Motor vehicles
£
32,038
-
32,038
18,743
6,408
25,151
6,887
13,295

Page 19

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

15 Cash and cash equivalents

Cash on hand
Cash at bank
16 Creditors: amounts falling due within one year
Trade creditors
Hire purchase and finance leases
Other taxation and social security
Other creditors
Accruals		 2025
£
615
51,276
51,891
2025
£
6,001
10,879
3,260
834
5,900
26,874		 2024
£
552
41,735
42,287
2024
£
11,223
4,898
4,652
34,756
3,600
59,129

17 Creditors: amounts falling due after one year

Hire purchase and finance leases 2025
£
-		 2024
£
10,880

18 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £4,398 (2024 - £3,692).

19 Funds

19 Funds
Unrestricted funds
General
Restricted funds
Total funds		 Balance at 1
July 2024
£
146,965
-
146,965		 Incoming
resources
£
807,139
25,586
832,725		 Resources
expended
£
(790,604)
(24,255)
(814,859)		 Balance at 30
June 2025
£
163,500
1,331
164,831

Page 20

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

Unrestricted funds
General
Restricted funds
Total funds		 Balance at 1
July 2023
£
77,331
32,909
110,240		 Incoming
resources
£
705,016
11,845
716,861		 Resources
expended
£
(635,382)
(44,754)
(680,136)		 Balance at 30
June 2024
£
146,965
-
146,965

20 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
21 Analysis of net funds
Cash at bank and in hand
Net cash
Cash at bank and in hand
Net Cash		 Unrestricted
funds
General
£
29,741
160,633
(26,874)
163,500
Unrestricted
funds
General
£
47,199
169,775
(59,129)
(10,880)
146,965
At 1 July 2024
£
42,287
42,287
At 1 July 2023
£
90,458
90,458		 Restricted
funds
£
-
1,331
-
1,331
Restricted
funds
£
-
-
-
-
-
Cash flows
£
9,604
9,604
Cash flows
£
(48,171)
(48,171)		 Total funds at
30 June
2025
£
29,741
161,964
(26,874)
164,831
Total funds at
30 June
2024
£
47,199
169,775
(59,129)
(10,880)
146,965
At 30 June
2025
£
51,891
51,891
At 30 June
2024
£
42,287
42,287

Page 21

Adapt Charity

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

22 Related party transactions

Refer to note 10 for related party transactions with key management personnel. There were no other related party transactions in the period.

Page 22