Charity registration number 1201143 Company reglstratton number 1447213S (England and Wales) THE FOSTER CARE CHARITY ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 THE FOSTER CARE CHARITY LEGAL AND ADMINISTRATIVE INFORMATJON Trustees Mr B J N O'connell M5 P M Clunneck Mrs Egertth) M5 D Jackman mrKJM￿k MrJ TuElge MrKJMonk Charity nurnber 1201143 Company number 14472135 PrlnGSpal office Penny Ha The Hay5field Spring Lana North Malvern W¢)rcestershire WR14 1GF Auditor Orn)erod Rutter Llmitèd Chartered Accountants The Oakky K￿dem}inster Road Droihwich wor￿SterShiTè WR9 9AY Investment Advisors EFG Harri5 ￿]daY 33 Great Chartes Street Brimingham West Midlands B152TY THE FOSTER CARE CHARITY CONTENTS Page Trusiees, report 3-7 Independent 8￿rt0￿5 r8POrt 8-10 Con5didat8d statem8nt of finanaal activiti8S Consoltilaled b8lan¢e sheet 12 Cotnpany balance Sheet 13 Consolklate($ Statement of cash llows 14 Note$ to the financial state￿nts 1&26 THE FOSTER CARE CHARI TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustee5 present Ihelr annual report and financial statements for Ihe year ended 31 March 2025. The financial slalernenls have been prepared in aC￿rdanCe wilh the accounting policies sel out in note 1 to Ihe financial statements 2nd ¢amply wrth the charity's goveming document. the Companies Act 2006 and "Accounling and R8PQrting by Charities". Statement of R8eommended Pra¢ti¢e applicable to eharibes p￿Pann9 their accounts in accordance v4ith the Financial Reporting Standard applicable in the UK and R8publi¢ of Ireland IFRS 1021- lefTectNe 1 January 20191. Incorporation The charitable cornpany was incol￿rate(l on g November2022 and commenced trading on 1 October 2023. Vislon To rnake a positfve impact on Child￿n,5 lfves and enable them to achleve Ihelr full potential. have a sense of belonging, and grow as individuals. ObjectSvo5 To prcmo¢e the care and welfare of vulnerable Children and young adults Ihrough the provislon of f051er ¢are placements and other rele￿nI childcare servi￿5 and young people's $efwce5-. aryj To reli8ve the need5 and preserve and protect Ihe wellare of children and young adults In foster care, thos8 who have left tha car8 SySt8m their ¢?￿r$ through the provision of advre. support ar)d additional services. Public benefrt The trustees have paid due regard to guidance issued bythe Charily Commission tn deciding what activits'es the charity Shou￿ ￿dertake. THE FOSTER CARE CHARITY TRUSTEES, REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 S8Fvlce and Actlvltlos FCC re￿We5 refeffals of chiKI￿n and young people requiring a foster plaeement from Local hut￿￿￿e$ throughout England. Referrals are deall with by our Placement Co-ordinator who identifies PDlenlial tnal¢he5 and then lia>ses with ovr staff and carers and the Local Authority lo progress the referral. This agency has a robust M81chin9 procedure which ensure5 thal every child referyed 15 malched lo the ca￿r w￿) can best meet Iheir needs. Every fos18ring household has provided a f￿llY profile, which include5 photo$ and Informatron about Ihern$glve5 and 8 message to Ibe child or young person requiring a plac8mènt. FCC offers a rarye of Flacemenl typ85, as follow5.. Short lerrn- FCC provides short-term placement5. For exarnple, children and youn9 peO￿e may require a short-term placement to aid a rEtwn home or to a55ks1 ihem in moving to an adoptive or a permanent p&cement. A child may be placed in an emergency, pending decisions bein9 made about the￿ fvtur8. Foster car8rs will be working with the placing Authority on objectives within Ihe child's Car? Plan and ensuring Ihat thè child or young person reaches their Indiwcsual potential, howev8r long the placernenl last5. Long Tem) - FCC ollars pemianent family phcemenls for ¢hildr£n and yours peop18 lor th deG15ion that Ihey Te4uire a permanent plac*nenl has been made. The aim is lo provith a horne into dvllho(xJ. We are an agency that wll prornole Sp8cial Guardianship and adoptv)n for childTell plac¢6 with our fosl8r earers, where this 1$ in the child's best interests and with agreernent of all parties. Wher8 appropriat8. thls 8g8ncy support5, in prinap18, car?r5 who w5h lo continue lo offer a plate for a young person after their 18th birthday. We beli8ve that ottering a young person a Staying Pul arian9ement, where FCC ￿MainS invdved and supporting the lorJner foster carer, is the mosl posilNe way of providing ihis. Slaying Put- Slaying Put is a govemw*ntal initiatlve lo support young people, on reaching the age of 18. to stay with their former foster carers. Whlst not a fostering placemenl, FCC has 8 Scheme which allows for the fonrer carer to be sUPPOrted whlst th¢ Staying Pul arrangement Is in pl8ca. Thls schernè benefits both the young person and the c8rer. STrJling Groups- The agerKy does assess and approva foster carers who have tho 8mtK)nal Strength and physi¢al $paro lo rare for a sibling group. W8 recogr*se the addRional support that looklng after a Sibling group requires so that each individual child 3chvèv8S their rnaxitnum polential. P8rent and Chld Placements - Thi5 Agency provid85 a Parent and Child placement servlce. Foster carers aT8 required to have Iraining in thi5 type of provi*on 8$ well as evldenclng theSr abllity to take on this complex task. We have carers who can w*h lh8 plathng Authority on a Pa￿ntire assessmenl provid8 8vidence for the court reporL Short Te￿ Placernents Under Regulation 42 - UTwJer Regulation 42 01 the Fostering Services Regulations 2011, thi5 ag8ncy has offered lo Locd Authoyities. foster carers who ¢an work alongside parent or family member caring for a non-di5abled child and who will offer Short breaks to enable th? child lo conlinu8 10 live at horn8. Re18vant training and 5UPPOrt will be offered to ¢arefS inleiesled in Ihi$ area of work. Examples of activih8s and 8V8nts that we have regularly run in the past are poetry or story wribng compelitM)ns for children. art woth5hops for children land subsequenl artexhibib"onsl. summer evonls for ¢arer8 and Chi￿re￿ Isuch as gotng to s8e an outdoor children s play atKS then a barbequel, seasonal meals for carers. wnier events for carers and children 8uch a$ ic8 5k8hng, etc. FCC hold a quarteily Childrens Fowrn and Carer5 Forurn. This is an opportunity to meet wlth the Direelor of Child Car8 and other Senior LeadershTP Mernbe￿. providing feedback. consultatlon and ways lo help develop the agency. FCC considerthis 8 vital resourcè in eThJÈgingwilh the ehildren and carers we SUPPDrt. giving them a voice wthin 1he agency. THE FOSTER CARE CHARITY TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial Revi9W During th8 year. loial incorning re50urc8s a5 shown in Ihe rA)nsolidaled Statement of Finanual Acbvthe5 were E4,215.480 (2024.. £7,303.0341. The nel assets held as al 31 Marth 2025 wer8 £4,704.31112024.. £4.625.1661 ofwhich £0 are Cyr￿n11Y hek1 in restr￿ted lunds. Reserves pal The tru51ees aim lo hold a level of resetve5 lo covsrthe potentia costofwiThdng ￿ the tharity and have suffitsent reserve$ to explo￿ futu￿ charilable opportUn￿es. The level of T858rves is rewewed regLrfarty 8Nd discussed 21 Board meetings. In the event of any significant shortfall detailed plans VAII b& put in place to ensu￿ the res8ryes are repleliished. The airn of the reserves policy i8 to maxtrni5e progress iowards meetin9 our obiecbves whibt balancing Ihe need for contnuty and consistency of IhewoTk undertaken bylhe Fostercare Chanty. The Irustees are ollhe view Ihal Ihe charity is a going concem. Plan$ lorlulyr• porlod5 Stra¢ggk Alms for 2025-2026.. Grow our FCC carer Populati￿ thr￿jgh new applir2nts. meat￿9 th? inrx8a8iro numbers of ¢hildr coming into ca￿. Invest in SSWS to b8u)m8 thampion5 Through our SLJPtKxI aThY Ca￿Offer. ensu￿ Ihe ￿tentIDn of our carer5 1n1r0d￿ FCC supportwc4kers thrwgh grant funding lo delNer intrea5ed 5UPPOrt and life story WL¥k Use Pra¢tKe Based Rèsearch io irnprove and ¢wto)rnes for wr children Implement feedback systems to better uThJ8tstand why a￿lcants don'teonvert lo approvats Inpknenl our dNersthcation pLgn$ to ￿Pand ourcore oifer Equality and Div8r511y tralning Is mandakny and i* a sel agenda item al all regular rneeting5. E&D sP8cpfi3t tralnets have been apFoinled who can bettw eryge wtth éeafmard of hearing (arets. The olfice Spac￿ have beenfully ren¢)valed to ensur8 those wlh mobilityandsightand heariwJ k)ss can belter use the facilities. Proxtwe matkebrKJ to stafflcar8rs 8nd par￿1 members from diverse wmmunilies kg org)ing, as is th8 involvetnent In var¢ous local and regional events such as Pride and LGBTgroups. THE FOSTER CARE CHARITY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 structurei governznce and mana9ernent The charity is a cornpany lirnited by guarantee and is govemed by ts articles of 8ssociabon. The truste95. whD are also th8 tlir8ciors for the purpose of company law. and who serv8d during the year and up to the date of signature ofthe fin8ncSal statements We￿.. Mr B J N O'connell Ms P M Chinneck Mr S Egerton Ms D Jackman MrKJMonk Mr J Tudgo The Board currently comprises the fdiowing Trustee5'. Blrdn O'connell- Chairman of the Board Brian 15 a con5ulling 501iGilor for a largÈ solicitor's firm based in Worcesleishire. He ha5 8150 Sal a$ a Depuiy DislriGtJudgfj for over 20 years. He was also a lounder member of tha Worcaster Duty Solicitor S¢home. Jery Tudge- Trustee and Vite Chair y Is a qualified Bvilding Surv¢yor and ex-f05tar earer 14 Y￿r5 of 8xp8riencg of fostoringl wHh wo expenenre in the private, NHS and Local Govemment sectors. Jery h8S PTevityJsly been a fflember and Vi¢e Chair of both Ihe Welsh and English Fostering Panels. Alth￿jgh now retii¢d, J¢ry was prewously the PrirKipal Building Surygyorfor Wor¢ostor$hlr8 Counly Courrtl. Ken Monk- Truste8 and Ccmpany Secretary Most of Ken's long werking life has been spent in &dU￿tK)n. teachino English up to Advanced Level. in thr6 country and the U.S.A. Ken has also been invofved in our English Fvstering Panel for some years. Pathtya Chlnneck- Trust0e Pat Gomes from an administration background and spent over twenty years working In social care for?,￿ildren with Di5abtlilie5 Team, whith has given l*r a good insight in respeci 10 child development and the 5UPPOrt they eed. Donna Jackman- Tru5t?e Donna has over 35 year5 of expgrion¢e as a strategic and operaticfial18ader in the fi8￿ of Childrgn 3nd Family SeNces. Donna spent many year5 wothng unlons, 3r¢ $8rtor community crganisations. NSPCCIAciion for Chil¢JrenlAdoplion Agencies. and rnore re¢e#lly suppo￿n9 yoL￿g teenage molhers s*ithin a mother and baby support unit Simon Egerton- Trustee Stmon work8d for many yoars as a DirBGior for Clarke Roxfxjrgh Ilnsuranr*l and becarne a Fellow of Ihe Chartered Insurance Snslilute and Ch8rtered Insurance Brokor. SirnDn was appointed a Magi$irate in 2005 and continu8s lo sit predominalely in Family Court and served a5 chai￿an of Ihg b$n¢h from 2018-2022. Slmon was eviously a memberofmalvem Hi115 Round Tatle 1983-2000. Mernber of Hlll$ Knlghts Club (Ex Round TatrA&l, and ￿eM￿r of Co￿all Rotary Club. THE FOSTER CARE CHARITY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Senlor L￿dorshiP Mana9emenl Strts¢turè Th? Head orrice of FCC is based in Malvem. Worcestershire and effeclNdy has ovetsight for all fy)mpany acts"vitie5" our8usiness Support, Financeand Human Resourcesststrare based in Malvem and ourSeniorLeader5hip Team meetings and quattsrly Quality assurance meellngs are also held at this office. Our Senior L?adgFshlp Team Comprises OP- Sumefjil Ram- CEO Stevé Fle￿- Director of Child Care 88rbard Bull- DCEO and Head of Human R850urces Samantha Williarns- H88d of Bu$lness Support Services and IT Statement of Trustoe5' r•sponslbllltlés The trusiees, who are also the directors of ThE Foster Care Charilyforthe putpose ofcornpany law. ar8 r85ponsible for preparing the Trusl88s' Report anLI the financial slalemenls in accordance witt) applicable law and United Kingdom Accounting S18ndards Iuniled Kingdom Generally Accepled AcGounling Practice). Company Law r8qUifes th8 trustee5 to yepare financial $18ternen15 each financial year which g6ve a true and I￿r view uf the slate of afFairs of Ihe tharity and ol the incoming resources and application of resource$. induding the in¢orrE and expendtture. of Ihe charitable company for Ihai period. In preparing these llnancial staternents. the trustees are reQ￿red lo.. sele¢t sulta￿? 8ccountin9 ￿11¢185 and then appty them consi51enUy. - observe Ihe methods a*d princ4pl8s in Iha Charities SORP: mak8 judgam8nts and e5brnates that are reasonable and prudent - State ￿elher appliGable UK Accountlng Standards have been fc4kwed. sublect lo any material departures disclosed and explained in the financSal slalemènts." and - prepare thè financial 518lem8nts the going roncern b8sis unless it Is inappropriate to presume Ihal the charity will continue in operalion. Thé trustees are responsiblè foi keeping ad8quale accounting [￿OrdS Ihat di5GIos8 wilh reasona1￿8 accuracy al any time the financial po&iUon of the charity and enable th8m trj w$ure Ihat the financial slatemenls comply wilh thB Cornpanies Act 2006. They are also responsible for safeguarding the assets of the charity and heno for taking reasonable steps for the prevention and d8teclh)n of fraud and other i￿9gUIarrtses. A￿dItor In accordance wlth Ihe Companys articaes, a rasolution prop05iry that be r88ppoint8d as audilorof the company 11 be put at a General Meeting. The Truste8s' r8porl was approved by th8 80 rdofT es and signed on their beha￿ by". Mr B J N O'connell D81e.' I If b,, THE FOSTER CARE CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE FOSTER CARE CHARITY Opin￿￿ We have audited the financial 51aiements of The Foster Care Charity Ilhe'par8nt charitable Gompany l and ils svbsidiary Ithe 'group'l for the year ended 31 Mar¢h 2025 which cornprise the Consolidated Slatem8nt of Financol A¢tivibe5. the Con501id3tBd Ba13n￿ Sheet. the consolidat￿ Slatement of Cash Flows and related note5 to the financial 51aternen15. induding significant accounlng policies. The ￿Tran￿al reporting framework Ihat has been applied in Iheir p￿parats.Dn T5 applicable law and United Kingdom Accounlrng Stsndards. iftcluding Finan¢ial Reporting Standard 102 The FInar￿la1 Reportng Standard applicab￿ in the UK and Republic of I￿lan￿ Iuniled Kingdom General￿ Accepted Accounting Practice). In our opinlon, the finanoal slatements.. gwe a true and fair view ol the slate of the group and Ihe parent charitable company5 affairs as at 31 March 2025 anrl of its incomSng resoUr￿S ar￿ application of resources, for the year then ended,. have been property prepa￿d in accordance with United ￿'ngdorn Generalty Accepted Accounting Pra¢tiro,' and have b88n prepared li accordance wrfh requrernents of the Companies Act 2Tr)6 and the Charibes Act2011. Basis foropFnion We f>)nducled ow audit in acc￿d￿Ce with Iniematimal Sthdards on AtsditiThJ IUKI IISAS IUKII and app]i¢atAe law. Our responsibilitie5 under th0￿ standards are further des¢rib&1 in th&Auditorfs respJnsbiliti8s forthe a￿11 of the finanual statements section ofour report. We a￿ independent of the group and the charyty in accordance the elhtsl requirernents Ihat are relèvant ￿ our audit of the financial state￿￿nIS in Ihg UK, Indu(Siru the FRC'S Eihical Standard. and we have fu￿￿ed Ot￿er ethul r&s￿nSibl￿ties in accordancewilh these reouiremenls. We teweve that Ihe audii ovidon¢o we have obtaiwd is SLffwnt and approF￿at0 to prov•Ye a basis fwwroIxnh￿. concluslons relatln9 to golng concern In audib.ng th8 fJnan¢ia stslements, we have Con￿L￿Ed thai Ihe Trustees. use of Ihe gyng oJnc8m b35is cf accounting in the preparalion of the financial slaternents ks approprote. Based on the work we have perforrned, we have not 1denb.fth any rnaterial urThrtaintie5 relabryj lo events or Condi￿On5 that, indwit5ually or collecbvety. may ts$l signthr2nt d￿bI on ￿ chaTrWs ability to Cotttinue as a going eortem for a wod ol al Jeasi twalye monlhs from when ts financaal ststerr*nts ar8 aulhori￿ for we. Our responsibildies aryj responsibilibes of the truste￿ with respect to g￿ThJ concern are rJe5GribgJ in bhe relovanl secvons of thls report. However, tre trustees have noted thal a subsldSary Foster Care Property CompanywN not be prepathg accourts Using the90in9 ¢th￿rn basis. This does nOt￿$1S1gnIfiS?nt dwbtcfi theabilityofthe Group as awholetoW￿nua as a 90ing concern. Other infonnatlon The other informauon tyjmprfses Ihg inlormatson induded in the annual repcyt other Ihan the financial st*8rnerts and rJJr audrtorfs report thereon. The InJ$le83 ar8 responsible for tho otherAiforma*"on contained wlhin the annual repcrt O%Jr opinion on the financial statemen& doe5 Th)t cover Ihe oU%r informalTOn and we do not exrmess any lomi ol assurance conduslon thereon. Our rgspoD5iblty is to r8ad Olher hfomatbn and, in d￿n9 so. cO￿lder whether the other infonmation is materially inconsK5tent with the fina￿￿4] statements or our knrNA&*e obtain8d in the course oflhe audit. orolheTr*ise 8PP2ars lo b8 rnalerially mi55tated. Jfwe identfy suth material in￿S[slenC1ay orapparentmalerial misststements. Weareraqui￿ to dèterrnine whetherthk8g￿e$ rbe to a material misstalemenl in the financial slalements Ihemsefves. If. based on the work we have perfonned. we Conclude that Ihere is material Misstate￿nI ofthis olher infclrmation, w8 are rquired to repKJrt that tscL We have rK)Ihing to ieport in this re9ard. THE FOSTER CARE CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE FOSTER CARE CHARITY Matters on whlch we are requlred to rÈport by exception We have nothing to report in respe¢l of thg folbwing matters in r8Jation lo which the Chariles (Accounts and Reports) RegulalTons 2008 require us lo report lo you if. In our opinion.. the infomation givefi in the financial staternents is inconsislentin any material ￿$p￿t￿{th the Iruslees. report., or Sufficient accounting records have not been keptr or the parent charitable company'$ financ￿4 $talemeThts are not in agreemenl wth tha accoLtnting r8cord8'. we have not re￿Ned 811 the Informati￿ and eXplanat￿nS we require for our audit. Re$ponsibifitles of trustees As explained moro fully in th8 51al?menl of Tru5tees' responslbwities, the trustg0s, who ave a150 the directors of the charity fry the purpose ofcornpany law, are responsible for tre preparation orthe finan￿al 5taierrEnls and for beirg satisfied that they give a true and fair view. and for such intemal tonlrol as the trusiees determine is nece55ary to enable the pTrparatKTrn offinancial statern8nls that are free from material misstaletDenl. whether due to traud or grror. In weparfng the financrdl statements, the tms18es are responstble for assessin9 the charws ability to continue a$ a going concem. dksc105ing. as apJicabl8, matters related to goln9 ¢oncern and using the 90ing concern basis of accounting unless the trustees eith8r inteThJ to ￿qUIdate th8 charitsble company orlo ce869 operatK)ns. CY have no realistic allemalNe but to do so. Audltorfs r¥Spon￿bIlItIeS forthe aud￿ of the Ilnanclal $tstem•nts We have been Qppointed as auditor under section 144 of the Charities Act 2011 and Teport in accDrdanca with Ihe Act and relevant r8gulabons rnade or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial stalemenl$ a$ a whole are Iree from maleraal rnisslatement, whetherdue lofraud orerror, and tolssue an audilorfs reportlhat Ind￿9$ ouroplnlon. Reasonab18 assurance is a high level olassurance but is not a guarantee that an audit condud8d in accordatfE with ISA5 IUKI will ahvays detect a material misstalernent when it 8xisls. Misstatements c8n arise from fraud or error arKJ are considered matgrialil, indwdualy¢xinthe aggwale. thèyeould r8asonabty be expectsd lo Influence the econornl¢ decisions of users taken on the basis of these finanoal $taten*nt& The exlentto whkh tyjr procedures are capabb d dglecting I￿egularitieS. including fraud, deiaikd bebjw. Ba58d on our understanding of the company. we Identified the prfncipal risks of nonThs2008. Ouraudil wort( ha5 been undertaken 50 Ihalwe mvjhtslalèto the tharity's trv51ees Ihctse matters we are wuired to state lo Ihetn in an 3udil0rf5 rewrt and fcr nooth8r purpose. To U)e lullesl exte[* pem)itted by we th rot accept or assume re5pon5ibilty to anyone olher th￿ the clwrty and djanty's trnslees 85 a booy. for our audit work, forlhi$ repK)rt, orfr)r ihe oFin￿n5 we havÈfomied. Colm M¢Grory FCA {Senlor Stalutory Auditor) forand on behalf of Omierod Rutter Llmlted Charter8d Accou#lartts Slatulory Audltor Ormorod Rvtter Limrted Chartered Accoun18nts The Oakley I￿￿￿emIl￿$ter Road Worceste￿1Mre 10- THE FOSTER CARE CHARITY CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES IINCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 Notes Unre$trJ¢ted Unr¢$trfcted funds funds 2025 e and endowments from.. 2024 Donaty"ons and grants Charitablg activitiès Inve5trnents other income Transfer of net a5S8ts from subsidiary 5,522 4,140,554 69.404 3.450,443 2,716,761 29,421 450 1,095,959 Total income 4.215,480 7,303,034 endtlure on-. Ralslng funds Charftable actNilies 11,893 4.134,536 3,865 2.720.957 Total eX￿ndItuTe 4.146.429 2,724,822 Net gainsllkjssosl on inve51rnents 13 10.094 46.954 Net incomè and movement in funds 79.145 4,625,168 RecorsCilla￿On of funds- Fund balances at 1 April 2024 4,625.166 Fund balances at 31 Mar¢h 2025 4,704.311 4.625,166 The consolidat￿ Slalemenl ol F￿anCIal Activibes irjcludes all gain5 3TrJ b5ses recognlsed Sn th& yeai. incom• and expenditUT8 deriv8 frorn Continuing a¢tNth"es. The Stat8ment of Finanda AclNitles abo Corn￿1&5 wlh the requirernents foran income and expeThJiture a¢coLmt wd8r the Companies Act 2006. THE FOSTER CARE CHARITY CONSOLIDATED BALANCE SHEET AS A T 31 MARCH 2025 2025 2024 Notes Fixed Assets Tangible assets Investments 1S 16 588,632 2.278.077 600.101 1.241.￿28 2.866.709 1.841.127 CuTr8nt assets Debtor5 Cash at baThk 8￿j in hand 17 399.074 1.564,303 910,491 2,010,239 1.963.377 2.920.730 Creditors- amounts falllng due wlthln one year 18 1125.7751 1136,6911 Nel current d5s8ts 1.837 602 2,784.039 Total a5s8ts ross curr8nt Ilabllltles 4.704.311 4,62S,168 Total net assèts 4.704.311 4 825.166 Charlty lunds Unre51ricled ￿ndS 20 4.704,311 4,625.166 Totsl fvnds 4,704,311 4.625.168 The ¢otnpany 15 enliuod lo the exemption from the audit requirement conlained in Secti￿ 477 ofthe Compan￿5 Act 2006. for the yew ended 31 Mar¢h 2025. atthough an sudil has bben c8rritd out under sectv)n 144 of th& Charilitrs A¢1 2017. The trustees a¢kno*Aedge their responsibilities lorcornplying with the requirernents of1￿ Companies Acl 2CQ6 with respect to acuunling re¢ords and Ihe preparation of finan¢k71 $tstemenls. The Irustees have not required Ihe company tooblain an audilol 115 finanaal 5tatemenl$ under the requirements of the Companies Act 2006, for the year in question in a¢¢ordance with Se¢¢i0￿ 476. These financk81 $tatements have been prepared in ac￿rdance wllh the provlsions applicable lo companies subject to the srnall companies regim8. Theffinancial slaleme were approved by the Tmstees on ...... -.and s1gry￿ on they behallby.. LU Mr 8 J N O'connell TnJste8 Company regL8tration number 14472135 (England and Wale$l 12- THE FOSTER CARE CHARITY COMPANY BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Fixed Assets Tangible assets Investrnents 15 16 26.530 2.278.077 36,295 1.241.026 2,304.607 1,277,321 Current assets DebtOTS Cash at bank and in hand 17 399.074 1.$64.303 gtO,491 1472 868 1,963.377 2.383.359 Creditors.. arnounts falllng due wllhln one y•8r 1135,4291 1131.4731 N8t curr8nt assets 1.827.948 2.251886 Total assets less current Ilabllltles 4 132.555 3.529,207 Net assets excluillng ￿nSIOn Ilabllity 4.132,555 3.529,207 The funds of the Charity Unre5tricled funds 20 4 132S55 3.529.207 Total funds 4 132555 3.529.207 The company is enlsU8d to the exemption frrxn the audit requiremenl contsitied in section 477 of the Companies Act 2006. lor the year ended 31 Mareh 2025. although an audit has l)een carried out under Section 144 of the Charities AGI 2011. Th8 tnjstees aCkn¢}￿edge their responsiknlities far cornplying with the requirements ofthe Cornpanie5 Act 2006 w*th respect to arxountin9 racords and the preparation of financial 5talements. elruste8s have not wuired the company lo obtain an auditof its financial slaiernents underlhe rgquirgmènts of the Cornpanies Act 2006. for Ihe year in question in accordanc8 with s8cbon 476. These financial slatemonts have been prepared in accDrdance wilh th8 provistons applicable to ¢ornpanies sublect to the 5rnall companies wlme. The finaTwAal statements wer8 approved by the Tru$tees on -and signed on their behalf by.. Mr B J N O'Conn8ti TN51ee 13- THE FOSTER CARE CHARITY CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 N¢ 2025 2024 a$h flow$ from operatlng aeU¥ttle$ Cash generated Irornllabsorbeil by) operabons 24 515,653 2.691,154 Investing aclivit1*5 Purchase of tangible flx2d a$set$ Purchase ol inveslmenls Proceeds from disposal of tnvesbi)enls Investment Sncome re￿￿ved 14,0361 11,242.2741 215,317 69.404 19,8451 1643,8061 48,954 Net cash used In Inv8Stlng actlvltles 1961,5891 1680.915} Net cash used in financing activitie5 Net d*¢rea$¥ In ¢a$h and ¢a$h e9ul¥al¢nts 1445.9361 2.010,239 Cash and cash equlvalents al beglnning of yew 2,010.239 Cash and cash equivalents at end of y8ar 1.564 303 2.010.239 14- THE FOSTER CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountlng ￿1cloS Charlty Infom)ation The Foster Care Charity 1$ a private company limiled by guarantee incorporated ￿ EngLq￿ and Wales. The regisler8d 0ffi¢o 15 P8nny Hall. Th8 Haysfield. Sprhg Lsne North, Malyem, Worcestershi￿. WR14 1GF. 1.1 Accountlny ¢onvention ThB financ￿1 stat8m8nts have bgen Prepa￿[1 Tn ￿rdance with Ihe charrV5 goveming docum8nt, Ihe Companies Ad 2006, FRS 102 'The Fin8nch81 Repor￿ng Standard applicable in the UK and Repubfic of Iveland" I'FRS 102.1 and Ihe Chaiilies SORP 'Accounling and R&porting by Chanties. Statement of Recommended Practice appI￿able to th8rilies preparing Iheir ac¢ounts in accordance with the Financial Reporting Standard applrcatAe in Ihe UK and Republi¢ of I￿land IFRS 102y' leffeciNe 1 January 20191. The tharity is a Public Benefit Enbty as defined by FRS 102. The financial statements cortsolidate lh8 ro9ts11S ol the charlty and ils wholly ￿ed SubS￿￿ry. The F(6ter Care Prcyrty Company Limited, on a line by Ine basis_ Transacb"ons and baznce5 between Ihe chanly and its subsKliary have been eliminated frorn Ihe consolidaled f￿anCIal slalernent5. The financial 51alem8nls are wepared In stertlng. wbKh Is the fiJn¢tional CUIr￿¢Y of th8 charty. Mon8tary amounts in Ihese flnanclal siaiement5 arfr rrAJnded lo the nearest £.Th8 financial Slalements are prepared in sterting, which is the lunclional turren¢y of Ihe Gh￿ty. Monetary amounts in these financial stataments are rounded lo the n?aTe$l £. The finan¢ial 51a18rn8nts hav8 been prgpared under the historical cost convontion, rnodffi8d lo includ8 certain finan¢lal Thislruments at fair value. The prinrip81 accounting polioes adopted are sel out below. 1.2 Golng concern Al the lime of appro￿n9 the fin￿claI stalement5. thetru5tees have a reasonabje expectation Ihal Ihe group has adequate resources to conlinuÈ in Opera￿onal e￿$tenCe for the fore588ab18 future. Thus. the Iwslees continue to adopt the going conc8rn basis of accounting in preparing the financial statements. 1.3 ChaTltable funds un￿stricted funds ar8 available foT U88 al Iho di￿￿tiOn of Ihe trustees In lurtherancè of thèir charitable objectives. Restricted fvnds are subject lo sp8cffic condibons by donors or grantors as lo how thèy may ba u98d. Tha purpos8s and uses olthe iestDcted funds are set out in the notes fo the financ￿ staigments. 1.4 Income Income Is raeogni58d when tha charity Is legalty enlleo to it after any perfcrrnance conditions have been met, the amounts rAn be measured r￿lab￿, and it is probable that ir￿orne will b8 received. C>5h donations ar8 recogni8ed on ￿ceiPt. Olher [Jonal￿$ ar8￿CognIsed oncelhe charity has begn nolrfbed ol the donation, unless pertomance condith.ons require defe￿al of the amount. Income tax recoveralje in relation to donations received und¥ Gift or deeds ol covmartt is recognis8d at the time of th8 donallon. Legac1￿ are recognised on receipt Dr olheTwk%e il the charity ha5 b88n nob'fiad of an impendillg distribution, the amounli$ knwn, and recelpl is expeGled. If the amounl is notknown, Ih818gaey i8 treated as a ¢¢)ntingènt a5sel. 15- THE FOSTER CARE CHARITY NOTES TO THE FINANCtAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 1.5 Expendlturo Expenditure r6 recognised once there is a legal or ¢onslwctive otlyation to trar￿fer 8rnnorn￿ benefil to a IhiTd paty. it is probablè Ihat a transfer of econornic beneffts wll be required in 5ettle¥nent. the an￿Unt ol the obligation can b8 mea5ur8d reliably. Expenditure r& classffied by a¢tivily. The costs of each aelivily are made up of the lolal oldirectcosls and shared ¢osts. in¢luding support costs invofved in undertaking each actiwty. DireGI iosts attributable to a single aclniity are allocated directly10 Ihatactivity. sha￿ costswhi¢h Contrib￿te io rnore than one activity aryl suprM)rt costs which ale not altiibulaNe io a single activty are apportioned belween those adwilies on a basis consistent with the us8 of resource5. Central staff ¢05ts are allo¢ated on the basis of lirne spent, and depreciation charges are allocated on the rx)rtion ol the a$sel's use. Costs of raising funds are those costs incurred in ge￿rating voJunt8ry incorne, and those costs In¢urted in trading actwilie5 that raise funds. Expgnditure on charitable ac11v￿eS indudès eosts incurred on operat￿$ in line wilh charilab18 aims and objectives and their a55Dcialed support and 90￿rnanCe rxBts. Support costs are those o)sts In¢urred dire¢Uy in supp¢Yi of expenditUf8 on the ot¥eets of Ihe cornpany ar￿ *nclurJe project man8g8m8nt. Governance Costs are those costs associat8d wilh rn881ing the Constitution￿ and statutory requirements and include ary costs assouated wlh the strategic tnanagement of the chwty. 1.6 Tanglblo tSx¢d assets Ta￿gible fixed assets are indialy measured at cost and subsequenlty measured al cost orvaluabon, n8t of deprecialion and any impainient losses. Dep￿rIal(0n Is TecognSsed 80 as lo wilte off the cosl orvaluatlon of as58ts1è5s thèir residual values overtheir useful lives on the following bases: Freehold property Fixtures and filtings Computer equipment 20°k on cost or 25% feducing balance 33% straiyht line The gan or toss arK8ing on the di$rM)sal of an asset is detennined as the ditference betr￿en the sa proceed5 and the carrying value of the asset and is recognise(l in Ihe Statement of finanual 8divilies. 1.7 Flxed asset Investments Fixed as5el iThvestmenls are inili4ly rneasured al transa¢bon ptice exduding tran5aebon costs and are subsequenuy measured al fair v*u8 al each reporting dale. Changes in fa￿ value are rEcognksed li nel incomellexpèndifurel forthe year. TFansaction cA)sts are expensed as ineurred. 1.8 Impalm?ent of flxed assets At each reporting end date. the eharfty re￿ewS the carrylrvj amounts of 5ts tangible assets lo detemiine whether there i8 any indica￿n that those asset5 have suffered an 1rnpai￿nent loss. Ilany su¢h indTcation exists, the recoverable amountof the assel ss estimaled in wdef to delemine the extent ofthe impairment bss lif any). 16- THE FOSTER CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 1.9 Cash and cash equlvalents Cash aniy cash equivalents ￿￿￿de cash in hand, deposits held at Gall wrth bank5. other 5hort-tem Iv4uid investments with original maturith.es of thiee mnths or less. and bank overdrats. Bank overdrafts are shown within borrowings in current liabilits-es. 1.10 Financfal instrurnents The charity has elected to apply the provisions of Section 11 'Basic Financial Instrurnents, and Section 12'01hoI Financial Instrurn8nt515sU8s' of FRS 102 to all of Its financlal instrurnenl5. Financial instrument5 are recognised in the charlty's balanco sh•ai when Ihe charity becomes paty the contractual provision5 of the in5trum8nl. Financial assetsand liabilil*s are oftset. wlh the nel amounts presented in the filla￿la1 51atemen15.when there 15 a legalty enfDrceable right to sel off the recognised atnoun15 and th8r8 i8 an iniention to setye on a net basls or to reali5e Ihe asset and Settle the liability simultsneously. Baslc fmancialassets Baslc financial a55els, which include debtors and cash and bank balances. are inthalty rneasured al transaction prKe including Itansaction costs and are subSequen￿Y carnied at amort15ed G051 using Ihe etfeclwe interesl method unless Ihe arrangemeril Co￿511tU1es 8 financing Iransaclion, where the transaction i% MeasU￿d at the present value of the future receipts di5￿Unted al a market rate of interest. Flnancial assèts c18S5ifted 85 r8ceivable wrthin one yearare not amortised. Basic flnan¢lalli4bililivs Bastc flnanclal liabiliti85, including creditors and bank loans are initially ￿cOgnised at traTh5action pric8 unless th& arrangèment ¢onslilutes a finanGing Irdnsaclion, where the debt instrumenlis measured at the preseni value of the future payments discounted at a rnatketrnte ol Interest. FinanrAal liabilities dassrfied 35 payable within ong year are not arnortised. Dgbt Instruments ale 5ub5equentty carried at ￿Ort&se￿ cost. using the eftec*'ve illtere51 rale method. Trade CTedllors are obllgalionsto payforgoods or servlces that have be&n acqulred In the ordlnary course ol operali0Tr5 from suppli8fs. Arnounts payable are classthetS as current liabilities if payrnenl i% due %Mthin oneyearor less. If nDI. they are presented as non-currentliabililies. Trade creditors are Te¢ogni58d initially al Iran5action price and subseq￿entlY m8asured at èmorb5ed c05l u5illg the effeciv8 inlerest method. Derecognition offin*nelalllabilltles Financial liabilities are dwecognlsed when the ehartty'g contractual cèligaltons expire or are d￿Charged or cancelled. 1.11 Employe* b•n•fits Tho eost of any unused holiday en￿"￿9￿ent js TerL)gnised in thè period in which the empbyee'3 seNices are ￿CeIved. Tem)ination b2n8fits are reco￿l$ed immerjiately as an expense when the chanty i¥ d¢mon$tr8bty committed to terminate the employrnenl of an employee or to provide temiinalion benefrt5. 1.12 RÈllrom•nt boneffts Payments to defined ¢ontsitxJlion relI￿rnent benefit schernes are charg8d a5 an expense as Iheyfall due. 17- THE FOSTER CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 1.13 Lea$e$ Rentals payable under operatir4 leases. induthng any lease Incentives re¢eNed. are charged as an expens• on 8 straight line ba￿S over the lerrn of Ihe rel￿an1 lease. 1.14 Investment in¢ome Inve5trn8nl incoffle Is accow¢ed for on an accruals basls. Critical accounting estimates and judgements In the application of th& ¢harily's accounting pottcles. the trustees are required to nwke judgements. estirnates and assurnplions about the carytrng amount of assets and liabilities that are nol readily appa￿nt from olher source5. The estimates and a550cialed as5umption5 are based On historical experience and othei factors Ihal ¢onsldered to be relevant. Aclval results may dlffer trom Ihese esvmates. The estimates undertying assurnptions are revivwed on an or&oing basis. Revison5 to accounting estimates are recogni5ed In the peri(xJ in which the estimate is revised where Ihe revision affects only that period, or in the period of the revi&on and future periods where the rewsion affects trK)th cuwent and ftjture peEiod$. 18- THE FOSTER CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 3 Donations and l¢ga¢i¢s Unrestrl¢t8d lunds 2025 Unrestrlctod funds 2024 Donaiion5 and gifts Net assets translerred Irom The Foster Care Co-operatwe Lirniled 5.522 3.460,443 5,522 3,460.443 AS of the 10* Oclob8r 2024, Ihe bank baknce of The Fostor Care Prop&rty Company Umite(r (company no. 049462761 wa5 donated lothe charity. The totavalue of the don8tion5 fflade lo The F05terCare Charity during this fln3n¢ral year was £532,351. Th8 donabon has been elirnknated as part of the consolidauon process. 4 Incorne frorn charllable #¢llvrtie$ Charitable activitie$ Charftable actbvlties 2025 2024 Fostercare pla￿rnents 4 140 554 2,716,761 S Incorne from Investments Unrestricted Funds 2025 Unr85tTlcted funds 2024 Divldend incotne Bank Interest r8ceNabie Porifolio investment income recebvable 20.734 16.263 32.407 69.404 3,842 8.500 17,079 29,421 6 Other rncome Unr05tr1cted Funds 2025 Unr8strlctBd 2024 compensakn.on 450 19 THE FOSTER CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 7 Expendlture on raising funds Unrestricted UntÈ$tTiCted 2025 2024 Fundralslng and publl¢ity Advertising Sundry trading costs Investment managemerst fees 409 4.204 7.280 7.689 3,885 3.865 8 Expendlture on chartlab18 actlvltles Ac*lvlty 202S Actlvity 2024 Dired ¢osts Staff costs Other staff costs Fostering costs and allowznce5 Car8r paym8nts Managefflent levy Panel and review5 Professional expon50S Support grovps Training Subscraptions 657,433 36,642 2,289,310 39.426 2,539 12,952 5,510 3.097 21,738 463,589 19,205 1,526,128 11.175 4,592 22.042 2.006 3,135 20,974 3,088,385 2,090,953 Shar¢ of support and governance co3ts158e not¢ 91 Supprjrt Governance 1.030.651 15,500 4.134.536 616,277 13.727 2.720,957 Analysls by Yund Unreslllcled funds 4 134 536 2.720.957 THE FOSTER CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 9 support cosfs allocatÈd to a¢tivitie$ 2025 2024 Stsff costs Deprerialion Support staff costs Leased cars Premises costs IT costs Professional lees Insurance Mark8ting Bank charges Miscellaneous Govem8nce costs 773,010 13,800 8.755 18,814 58,864 49.416 23,711 27.451 43.234 1,345 11,801 15,950 1,048,151 297.846 12.122 11,200 11,346 45,158 26.918 11.847 13.460 48.586 919 36,875 13.727 630.004 2025 2024 Governan¢¢ ¢o$ts comprls?- Audit fees General govemance ¢osts Meeting costs Legal and professional 7,150 732 4,282 6,720 5.328 1,879 15.850 13.727 10 Net movement In fund5 2025 21)24 The net movement in funds is staled after charglngllcredltlngl.. Fees payable for the audh orth& charly's ffinancial statern8nts Depreciation of 0￿ed tangl￿e fixed assets 7,150 15.505 6.720 11 Trustees None of the tnjslees lor any petsons connected wilh them) rer£lved any rernunerayon durfng the y•ar. 1 trustee was reimbursed a total of £627 ￿lathn9 tD panel and review co3t5 and, 1 was reimbursed £105 relating to 9oveman¢e costs. 21 THE FOSTER CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 12 Employees The average mmthty numberol empk)yees durirrtj Ihe year was.. 2025 Nurn￿r 2024 Numbar Group & charhy 33 37 Employment ¢osts 2025 2024 Wa9es and sa18ries Scxial sacurity costs Other p8nsion costs 1,184.550 107.556 138,337 1,430,443 720,157 64.620 861,435 The nurnber of ernpbyees whose anrnjal remuneralion wa5 more than £60.000 15 as foilows.. 2025 Nurnber 2024 Number £60.000 to £70.OCX7 £90.000 to £100.000 £120,000 10 £130,000 £140,000 10 £150.QOO Key mana9ement remunerats.on (including ern￿Oyer pen510n cosl$l in Ihe year totalled £420.886 12024.. £200.4371. 13 Galns lo$$¢s on Investm8nts Unr85tr1ctsd funds 2025 Unrostrldod Funds 2024 Gain8Jlloss8¥1 arising on.. Rev8￿a￿On ol invthvnts 10.094 46.954 14 TaXa￿On The charity is exempt from taxation on Its aclvllies b￿U58 al it5 Ineome is applied for cbarilatAe purposes. 22- THE FOSTER CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 15 Tangible fixed assets- Group Frethtst pryrty FIxiurry¥ and fi￿n93 Cornputer *quthèmt Cost At 1 April 2024 Additions 566,316 30.888 4.036 25.019 612.223 4.036 Al 31 Mar¢h 2025 556,316 34,924 25.019 616,259 Depr¢¢lat50n and Impalnnent As al 1 April 2024 Depreciation charge kn the year 2,819 7,252 9.303 8.2S3 12.122 15.505 Al 31 March 2025 10.071 17,556 27.627 Carrying amount At 31 March 2025 6.318 8,316 24.853 28,069 7,463 15,716 588,632 600.101 At 31 Ma￿h 2024 Tanglble fixed assets . Charlty Fixknre andfrtth*g* C•mpvter Cost At a 1 Aprll 2024 Additions 23.398 4,036 25.019 48.417 4.036 At 31 March 2025 27,434 25.019 52,453 Dopitrclatlon and ImpaSrm8nt Af 1 April 2024 2,819 9.303 12.122 D•prèclation charge in the year 5.547 8.253 13,800 At 31 March 2025 8.366 17.557 25.923 Carrylng arnount Al 31 March 2025 Al 31 March 2024 19.088 20.579 7.462 15.716 26.530 36,295 -2 THE FOSTER CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 F]xed asset Investments Llsled Llsled Inv85tments Inv•slm¢nts 2025 2024 Gmup & Charity Cost or valuation A5 al 1 April 2024 Additions Valuation changès Tran5fer5 in Income reinvested net of costs R8cla5sificalion ol bank fuThls Disposals Al 31 March 2025 1.241,026 1.242,274 10.478 1,000.000 46.954 208.076 25.127 139,1311 215.701 2.278,077 1.241,026 17 Debtors Group 2025 charity 2025 Group 2024 Charity 2024 Amountg lalling due wrf(hin on? year. Trad8 debtors Other debtors Prepayments and accruod income 337,555 337,555 7.275 7,275 54,244 399.074 845,289 9.208 55.996 910,491 845.289 9.206 55.996 910.491 399.074 credilvrs Group 2025 CharSty 202S Group 2024 Charfty 2024 Amounts lallln9 due wlthln one yeaT= Other taxation a￿1 soual security Trade Greditors Amounts owe¢J to1811ow group undertaknngs Other creditors Accruals and deferred income 28.487 17.374 27,269 17,374 72.352 29,276 15,030 27.238 15.030 54.902 25.032 125,775 54.902 23,532 1￿,429 67.772 24.613 136.691 67,772 131.473 19 Rotlroment benefit schemes Gioup 2025 Charlty 2025 Group 2024 Charity 2024 Delln8d contribution schemos Charge to profil or Ios5 in re5pe¢t of defined contribution schemes 138337 T6.658 The charity OFerat85 a d8fined contribution pension scheme for all qualifylng ernployees. The assets ol Ihe scherne are held separatdy from those of the charity in an independently admini518fyd fund. 24- THE FOSTER CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Unrestricted funds Group The unrestii¢ted lunds of the woup compri58 Ihe unexpended balances of donations and grallls whtch are not sublect to speufK tondthons by donots and graniors a$ to how Ihey may be used. These inclutte any dÈ$ignaled funds which have been sel aside out of unreslricled lunds by the trustees lor specrfjc purposes. At 1 Aprfl 2024 In¢ornin9 rosources R•sourco$ expènded Gain5 4nd losses At 31 March 2025 General fvnds 4.625,166 4215.480 14.146.4291 10,094 4.704.311 At9 Inroming ro$ources RE$DurGe$ 6xpended Gèins and lo￿8 At 31 March 2024 PTrvlou$ PPri*XI: November 2022 General fvnds 7,303.034 117Z4.8221 46.954 4.62S,1fj6 21 Opoiating leas? commltments Al Ihe reporbng end date, the group had oulslanding commitments for fkrture minirnurn lease payments ndw non-¢ancella￿e operatiry leases. which fall due as follow5.. 2025 2024 Within one year Bdw88n Iwo and fiv? year5 11.954 4,263 16.217 24.028 76.217 40,245 22 R8lat8d party transactions There were no disclosa￿e relaled pty trans¥iKins during the year. 25- THE FOSTER CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Subsidtarie$ A8 0113 December 2023. 7he Foster Care Property Comapny Limited (company number 04￿2761. company linited by guaiantee. became a wholly owned subsidiary of the charily by wrtue of the controlling inler&sl by The Foster Care Charity, and its r85uIts have be8n induded within th&s8 u)n501idated financial statements. Delails of the chariws subskliary at 31 March 2025 are as fdbws.. Name of undertaking Reglst8rod offic Natur8 of business Tbe F051er Care Property Company Limrted Penny Hay The Haysfield Spring Lane North afvern Worceslershi Property mana9emenl WR14 1GF The aggregate capital and reserves and the reSL￿tS fcf th8 yearof the subshavary is asldlows.. ProfiUILoss) for year Capital and Res8rv85 Narne of undertaking The Foster Care Property Cornpary Limited IS24.21Y3) 571.756 26- THE FOSTER CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Cash generated frorn operBtions 2025 2024 Surplus forthe year 79.145 4.625.166 Adjustments for. Inv8slrnent inccfjne r￿gniSed in 51atem8nt of financgal actiwties Fair value gains and losses on inve5trnenls Depreciation and impaimient of tsngible fixed asse15 Net a$5els acquired on acqu￿1￿0 Movements in w(thng ca￿tal.. Decrease in debtors (Decrease) in creditors 169.4041 110.0941 15.505 129,4211 146.9541 12.122 11.095.959) 511,417 110,9161 1910.4911 138,691 Cash generated fromllabgorbed by) 9￿ratIonS 515,653 2.691,154 25 Analysls of change$ In net fvndslldebtl The chaiity and grtyjp had no mater(al debl during th8 year. 27-