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2025-03-31-accounts

Charity number: 1189848

NEDCARE CIO

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NEDCARE CIO

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 7
Independent examiner's report 8 - 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 - 24

NEDCARE CIO

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees John Willis, Chair
Anne Porter
Paul Mitchell
Jennifer Bates
Jill French
John Hubbard (appointed 13 January 2025)
Sue Cole Butler (appointed 9 September 2024)
Charity registered
number
1189848
Principal office
3A The Square
Moretonhampstead
Devon
TQ13 8NF
Key management
personnel
Lily Danning, Registered Manager
John Willis, Nominated Individual
Jane Tilsley, Deputy Manager
Chloé Beal, Finance Manager
Accountants
Griffin
Chartered Accountants
Courtenay House
Pynes Hill
Exeter
EX2 5AZ

Page 1

NEDCARE CIO

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report together with the financial statements of the Charity for the 1 April 2024 to 31 March 2025.

Objectives and activities

a. Policies and objectives

The objects of the CIO are to carry on activities which benefit the community and in particular (without limitations) to provide day and domiciliary care to people in need of social care services and their relatives and carers in the Northeast Dartmoor area.

To provide reliable, high quality, person-centred homecare for adults in the Northeast Dartmoor area.

NEDCare provides care and support for:

*We support people with a variety of needs, and these can include dementia, sensory impairment and physical disability.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Page 2

NEDCARE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Objectives and activities (continued)

b. Activities undertaken to achieve objectives

NEDCare support provided is:

Personal Care – Physical assistance given to a person in connection with: Eating or drinking (including the administration of parenteral nutrition). Toileting (including in relation to menstruation); washing or bathing, dressing; oral care, and the care of skin, hair, and nails (with the exception of nail care provided by a chiropodist or podiatrist).

The prompting and supervision of a person to do any of the types of personal care listed above, where that person is unable to make a decision for themselves in relation to performing such an activity without such prompting and supervision. (Health and Social Care Act 2008 (Regulated Activities) Regulations 2014)

Achievements and performance

a. Main achievements of the Charity

b. Factors relevant to achieve objectives

Page 3

NEDCARE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial review

a. Going concern

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 trust to continue as a going concern. We have grown in confidence in this respect during the year, as our partnership with Karrek Community from Cornwall has enabled us build a reliable infrastructure and to develop our own candidate to take over from Lily Danning as Registered Manager: Lily has organised a phased exit during the year, and at 31 March Jane Tilsley was awaiting her formal interview with the Care Quality Commission to take over as RM. We are extremely grateful to Karrek for all the support they have given us.

We are compliant with all regulations, we work efficiently and our staff team are of a high calibre. There is good morale.

b. Reserves policy

The trustees' long-term strategy is to seek reserves excluding property to provide financial stability and the means for the development of our principal activities.

As at the year-end, NEDCare has total funds available of £53,646 with £4,323 being restricted and £49,323 being unrestricted.

c. Financial review

Incoming resources during the year totalled £350,546 (2024: £285,214) and there was a surplus in the year of £38,572 (2024: deficit of £14,873).

The balance held on unrestricted funds at 31 March 2025 was £49,323 (2024: £10,456).

The balance held in restricted funds at the year-end was £4,323 (2024: £4,618).

Page 4

NEDCARE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management

a. Constitution

The name of the Charitable Incorporated Organisation (the “CIO”) is NEDCare CIO.

The charity is governed by its Deed, dated 9th June 2020 and under this deed is constituted as a Charitable Incorporated Organisation (CIO), The trustees meet monthly. The CIO deed stipulates that the trustees shall comprise of at least three trustees.

Powers

The CIO has power to do anything which is calculated to further its objects or is conducive or incidental to doing so. In particular, the CIO’s powers include power to:

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Page 5

NEDCARE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management (continued)

c. Membership of the CIO

Eligibility

Methods of appointment or election of Trust ees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Charity Commission Scheme. The trustees are eligible, in committee, to appoint additional trustees under the terms of the CIO constitution.

In selecting individuals for appointment as trustees, the existing trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Policies adopted for the induction and training of Trustees

New trustees are selected based on the skills that they have, these must complement the existing board of trustees. They meet with existing trustees and key members of staff to ensure that they feel comfortable with the organisation and happy to become part of the team.

The charity trustees will make available to each new charity trustee, on or before his or her first appointment: a) a copy of the current version of this constitution; and

d. Financial risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity and are satisfied those systems and procedures are in place to mitigate exposure to the major risks.

Page 6

NEDCARE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Statement of Trustees' responsibilities

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

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 2022, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.

Approved by order of the members of the board of Trustees on and signed on their behalf by:14 October 2025

John Willis (Chair of Trustees)

Page 7

NEDCARE CIO

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025

Independent examiner's report to the Trustees of NEDCare CIO ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2022 ('the 2022 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2022 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2022 Act.

Independent examiner's statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2022 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no 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 the Charity as required by section 130 of the 2022 Act; or

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

  3. the accounts do not comply with the applicable 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.

Page 8

NEDCARE CIO

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed:

Dated: 15/1/26

Laura Waycott

FCA

Griffin Chartered Accountants Courtenay House Pynes Hill Exeter EX2 5AZ

Page 9

NEDCARE CIO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Total income
Expenditure on:
Raising funds
Charitable activities
8
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2025
£
681
-
-
-
681
-
976
976
(295)
4,618
(295)
4,323		 Unrestricted
funds
2025
£
7,822
334,141
7,684
218
349,865
369
310,629
310,998
38,867
10,456
38,867
49,323		 Total
funds
2025
£
8,503
334,141
7,684
218
350,546
369
311,605
311,974
38,572
15,074
38,572
53,646		 Total
funds
2024
£
8,528
276,349
-
337
285,214
228
299,859
300,087
(14,873)
29,947
(14,873)
15,074

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 12 to 24 form part of these financial statements.

Page 10

NEDCARE CIO

BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025

2025
Note
£
Fixed assets
Tangible assets
12
1,625
1,625
Current assets
Debtors
13
20,173
3,353
Cash at bank and in hand
44,358
25,658
64,531
29,011
Creditors: amounts falling due within one
year
14
(12,510)
(15,407)
Net current assets
52,021
Total assets less current liabilities
53,646
Net assets excluding pension asset
53,646
Total net assets
53,646
Charity funds
Restricted funds
15
4,323
Unrestricted funds
15
49,323
Total funds
53,646
The
financial
statements
were
approved
and
authorised
for
issue
by
the
_______and signed on their behalf by:
Type text here
14 October 2025		 2024
£
1,470
1,470
13,604
15,074
15,074
15,074
4,618
10,456
15,074
Trustees
on
Type text here

John Willis

(Chair of Trustees)

The notes on pages 12 to 24 form part of these financial statements.

Page 11

NEDCARE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. General information

NEDCare CIO is a Charitable Incorporated Organisation registered in England & Wales. Its registered office address is 3A The Square, Moretonhampstead, Newton Abbot, TQ13 8NF.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

NEDCare CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 12

NEDCARE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Office equipment - 30% reducing balance
Computer equipment - 33% straight line
Other fixed assets -

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 13

NEDCARE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.10 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.

2.11 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

There are no critical accounting estimates or assumptions.

Page 14

NEDCARE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4. Income from donations and legacies

Donations
Grants
Donations
Grants
Government grants
Income from charitable activities
Home-care Services
Subsidised Home-care Services		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
-
6,543
681
1,279
681
7,822
Restricted
funds
2024
Unrestricted
funds
2024
£
£
776
2,205
-
747
-
4,800
776
7,752
Unrestricted
funds
2025
£
116,896
217,245
334,141		 Total
funds
2025
£
6,543
1,960
8,503
Total
funds
2024
£
2,981
747
4,800
8,528
Total
funds
2025
£
116,896
217,245
334,141

5. Income from charitable activities

Page 15

NEDCARE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5. Income from charitable activities (continued)

Home-care Services
Subsidised Home-care Services		 Unrestricted
funds
2024
£
106,085
170,264
276,349		 Total
funds
2024
£
106,085
170,264
276,349

6. Income from other trading activities Income from fundraising events

Unrestricted
funds
2025
Total
funds
2025
£
£
Fundraising income
7,684
7,684
Investment income
Unrestricted
funds
2025
£
Interest recievable on bank deposits
218
Unrestricted
funds
2024
£
Interest recievable on bank deposits
337		 Total
funds
2024
£
-
Total
funds
2025
£
218
Total
funds
2024
£
337

7. Investment income

Page 16

NEDCARE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Analysis of expenditure by activities

Home-care Services
Staff costs
Allocated support costs
Governance costs
Home-care Services
Staff costs
Allocated support costs
Governance costs
9.
Independent examiner's remuneration
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts		 Activities
undertaken
directly
2025
£
36,024
270,746
698
4,137
311,605
Activities
undertaken
directly
2024
£
67,624
229,714
631
1,890
299,859
2025
£
850		 Total
funds
2025
£
36,024
270,746
698
4,137
311,605
Total
funds
2024
£
67,624
229,714
631
1,890
299,859
2024
£
810

Page 17

NEDCARE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10. Staff costs

Wages and salaries
Social security costs
Employers pension contribution		 2025
£
255,699
9,907
5,140
270,746		 2024
£
217,041
8,367
4,306
229,714

The average number of persons employed by the Charity during the year was as follows:

2025 2024
No. No.
18 14

No employee received remuneration amounting to more than £60,000 in either year.

The key management personnel of the charity is a registered manager as listed on page 1. The total amount of key management personnel benefits (including employer pension contributions) received by key management personnel for their services to the charity was £53,782 (2024: £69,527).

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL) .

Page 18

NEDCARE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

12.
Tangible fixed assets
Cost or valuation
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Office
equipment
£
4,871
853
5,724
3,401
698
4,099
1,625
1,470
13.
Debtors
Due within one year
Trade debtors
Prepayments and accrued income		 2025
£
19,305
868
20,173		 2024
£
2,474
879
3,353

Page 19

NEDCARE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2025
£
759
3,042
1,165
7,544
12,510		 2024
£
4,036
3,116
795
7,460
15,407

Page 20

NEDCARE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15. Statement of funds

Statement of funds - current year

Unrestricted funds
Unrestricted funds
Restricted funds
Donations
DCF Grant
Teignbridge District Council Grant
TDC Shop Front Grant
Total of funds
Statement of funds - prior year
Unrestricted funds
Unrestricted funds
Restricted funds
Donations
DCF Grant
Total of funds		 Balance at 1
April 2024
£
10,456
776
3,842
-
-
4,618
15,074
Balance at
1 April 2023
£
26,105
-
3,842
3,842
29,947		 Income
£
349,865
-
-
250
431
681
350,546
Income
£
284,438
776
-
776
285,214		 Expenditure
£
(310,998)
(500)
-
(45)
(431)
(976)
(311,974)
Expenditure
£
(300,087)
-
-
-
(300,087)		 Balance at
31 March
2025
£
49,323
276
3,842
205
-
4,323
53,646
Balance at
31 March
2024
£
10,456
776
3,842
4,618
15,074

Page 21

NEDCARE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15. Statement of funds (continued)

The specific purposes for which the funds are to be applied are as follows:

Donations

Donation received for the explicit purpose to purchase office chairs and staff uniforms. £500 spent on uniforms in year. Remaing balance to be used for new office chairs.

DCF Grant

In 2023 a grant has been provided by Devon Community Foundation for a lifting device cushion and associated project.

Teignbridge District Council Grant

Grant to fund new printer and laptops. The balance carried forward represent the net book value of the assets purchased and unspent funds.

TDC Shop Front Grant

Grant to fund new shop front partitions.

16. Summary of funds

Summary of funds - current year

General funds
Restricted funds
Summary of funds - prior year
General funds
Restricted funds		 Balance at 1
April 2024
£
10,456
4,618
15,074
Balance at
1 April 2023
£
26,105
3,842
29,947		 Income
£
349,865
681
350,546
Income
£
284,438
776
285,214		 Expenditure
£
(310,998)
(976)
(311,974)
Expenditure
£
(300,087)
-
(300,087)		 Balance at
31 March
2025
£
49,323
4,323
53,646
Balance at
31 March
2024
£
10,456
4,618
15,074

Page 22

NEDCARE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
90
1,535
4,233
60,298
-
(12,510)
4,323
49,323		 Total
funds
2025
£
1,625
64,531
(12,510)
53,646

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2024
£
-
4,618
-
4,618		 Unrestricted
funds
2024
£
1,470
24,393
(15,407)
10,456		 Total
funds
2024
£
1,470
29,011
(15,407)
15,074

Page 23

NEDCARE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

18. Pension commitments

The Charity operates a defined contribution pension scheme. The assets are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amount to £5,140 (2024 - £4,306). At the balance sheet date there is £1,165 (2024 - £795) payable to the fund.

19. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2025.

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