i &eered CordPQW Registered Chari ty .' Ob900 39 7 Number. 1204419 ADOPTIONPLUS ANNUAL REPORT AND FINANCIALSTATEMENTS Year ended 31 March 2025 NIIIWNII "AtHrRb8X• 20J12Q025 COMPANIES HOUSE
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ADOPTIONPLUS CONTENTS PAGE Page Number Charity Infomiation 2-5 Trustees. Report 6-10 Independent Auditor's Report 11 Stalement of Financial Activities 12 Balance Sheet 13-15 Notes to the tlnancial statements
ADOPTIONPLUS CHARITY INFORMATION DIRECTORS Richard Moore Michelle Lee-lzu Brenda Farrell Tim Davies (appointed 27June 20241 COMPANY SECRETARY Nicholas Williams BANKERS 8arclays Bank plc Level 28 1 Churchill Flace London E145HP SOLICITORS Bates Wells 10 Queen Street Ptace London EC4R 1 BE AUDITORS BDO LLP 2 City Place Beehive Ring Road Gatwick West Sussex RH6 OPA REGISTERED OFFICE Barnardo House Tanners Lane Barkingside Ilford Essex IG6 IQG
ADOPTIONPLUS TRUSTEES. REpoKr The Trustees presenttheir report and financialstatementsforthe year ended 31 March 2025. PRINCIPAL ACTIVITIES The Articles ot Association of Adopiionplus define its main objects as follows: to promotethe health. safetyandwelfare of children andyoung people. in particular but not exclusivelythosewho have suffered trauma (such as abuse or negiectl. as well astheir adoptive and binh tamilies. socialworkers and those who support them. through the provision of adoption. therapeutic and support seNices- to relieve the needs of children. young people and 8dultswho have come into contact with children's social c8re or adoption seplices or both. and who need support as 8 result- to advance the education of the public on matters related to health. welfare. development and care ofchildren and young people. in particuLar but notexclusively by: Providing training and support for professionals in health and social care or adoption services. and other relevant sectors Promoting and undertaking research for the public benefit in all aspects of that subject. publishingthe results and organising related events. The agency is building on its recent Ofsted Outstanding rating. where it was described as a °leader in the adoption sector.. Adoptionplus is focused on developing services and products that improve outcomes fortrauma experienced children and families. The sector has been affected bya number of nationalfinancial pressures. 2024-25 h8S continued to be a challengingyear and one of significant change as we continue the transition f rom a 'not for profit. to a registered Charity, restructured, stopped making adoptions, pursued grant funding, an(i further developed our therapy services. During these unprecedented and challenging limes. we have remained laserfocused on ontinuing to improve children's lives whilst also working towards financi81 stability. Registering as a Charity has enabled Adoplionpius to seek donations and grantsto enable ihe therapeutic workto be extended more broadly intothe'care experienced, sector. We have been fortunateto receive donations of£34.844 duringthe yearfor which we are hugely grateful. We are appreciative ofthe support ofa number ot local and national businesses who haveformed the'Holding Hope. fundingciTcle. to SUPPOrt thp. thp.rapp.Iitic. wftrkwe. dn_ This is the f irst year we have been successful in being awarded charitable grants. This has enabled us to expand our supportto Adopte(J Fathers. by runninga hugely successful Dads group tunded by Milton Keynes Community Foundation. The Board is confident in its future and lookingahead to newopportunities.
ADOPTIONPLUS TRUSTEES. REPORT (contlnued) RESULTS The organisation made a deficit in the year of £227.605 (prior year £63.261 deficit). The Charitycontinues to review its porttolio of services and productsto concentrate on impact. viability. innovation and sustainability. Alongside this. a cost reduction program commenced in April 2025. in orderto reduce core overheads. We anticipatethis will lead to further improvement in financial performance in the next financial year and a more balanced result in the medium term. We are passionate about ensuringour sep4ices are helpful and measure the impact of our interventions via 8 combination of standardised and validated clinical measures and satisfaction questionnaires. This year we are proud to have published a Full Impact Report. available on our website. Duringthe period. we were commissioned by 27 LocalAuthortties to provide therapeutic support. We have provided 1.539 hours oftherapeutic supportto 89 children and their families. In terms of impact on children and young people= 73% said they felt closer to their parents 91 % understood their lives better 92% said theyfound comingto Adoptionplus helpful 92% said theywould recommend usto a friend Children and young people described us as= "kind" "lovely". "skilled" "caring" "respectful" In terms of parents and carefs: 97% felt rated our service as helpful 82% said they could read their child's needs better 74% found their relationship with their child a5 more rewarding 69%felt iheycould get closerto their child when theywere distressed "82% felt theywere kn.nder to themselves as a parent Parents described us as"skilled- "empathetic" empowering" 'supportive" "effective" "encoufaging" understanding" -informative" "positive" professional" lifesaver" "exceptional" experts" In our adult counselling serrfice tor birth parents whose children have been placed for adoption. we provided 1.458 therapy sessions in theyear and feedback rated "tr8nsformative-.
ADOPTIONPLUS TRUSTEES. REPORT (continued) TRUSTEES TheTrusteeswho held office durinEtheyearwere asfollows: Richard Moore Michelle Lee-lzu Brenda Farrell Tim Davies (appointed 27June 2024) TRUSTEES RESPONSIBILITIES The Trustees ofAdoptionplus. forthe purpose of company law. are responsiblefor preparingthe Trustees, Report and the financial statements in accordancewith applicable law and regulations. Company law requirestheTrustees to prepare financialst8tementsfor each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice {United Kingdom Accountingstandards and applicable law). Under company lawthe Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the income and expenditure of rhe charity for that period. In preparing these tinancial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently; makejudgements and accountingestimates that are reasonable and prucFent" state wthether applicable UKAccountingStanOards have been followed- and prepare the financial statements on the going concern basis unless it is inappropriate to presurne that the charity will continue in business The Trustees are responsible for keepingadequate accountingrecords thatare sufficient to show and explain the charity's transactions and disclose with reasonable accuracy ar any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguar(Jing the assets of the charity and hence for taking reasonable steps for the prevention an(1 detection of fraud and other irregularities. GOING CONCERN The Trustee5 of the charity have considered their obligations to prepare these financial statements on an appropriate basis. having specific regard to the charity's net position a5 at 31 March 2025 an(1 looking ahead at f uture plans and notably cashflows to December 2026. Dueto the deficit position as at 31 March 2025. the charity has received a leller of support from the parent charity Barnardo's, confirming it will not request any loan repayments. and will provide adequatefinancial support either in the form of a contribution or a loan to ensure the business continuity of the charity for a period of not less than 12 months from the date of signing these financial siatements.
ADOPTIONPLUS TRUSTEES. REPORT Icontinued) GOING CONCERN (contlnued) As such, in the opinion of the Trustees. the charity has sufficient resources to be able to meet its obligations as and when they fall due. and accordingly the accounts have been prepared on a going concern basis. Whilst econornic uncertainties prevail. these are not considered to impact on the going concern assessment. The trustees have not identified any material uncertainty relating to going concern and therefore continue to adopt the going concern basis in the preparation of these financial statements. All ofthe current Trustees have taken allthe steps that they oughtto have taken to make themselves aware of any information neede(J byfhe charity's auditors forthe purposes of their audit and to establish that the audttors are aware of that information. The Trusrees are not aware of any relevant audit information of which the auditors are unaware. SMALL COMPANIES PROVISIONS sfATEMENT This report has been prepared in accordance with the special provisions relating to ompanies subjectto the small companies. regimewithin Part 15 of the CompaniesAct 2006. Approved bythe Board on behalf by: 6 October 2025 and signed on its Richard Moore Trustee and Director
ADOPTIONPLUS INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ADOPTION PWS Opinlon on the financial statements In our opinion. the financial statements= give a true and fair view of the state of the Charitable Company's affairs as at 31 March 2025 and of its incoming resources and application of resources for the yearthen ended" have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordance with the requirements ofthe CompaniesAct 2006. We have audited the financial statements ofAdoption Plus 1.the Charitable Company") for the year ended 31 March 2025 which comprise the statement of financial activitie5. the balance sheet and notes to thefinancial statements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting standards, including Financial Reporting Standard 102 The Financial Reporting standard applicable in the UK and Republic of Ireland Iunited Kingdom GenerallyAccepted Accounting Pr8Cticel- Basisfor opinion We conducted our audit in accordance with Internationalstandards on Auditing IUKI {ISAs IUKII and applicable Law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We remain independent of the Charitable Company in accordancewith the ethical requirements relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordancewith these requirements. Conclusions related to going concem In auditing rhe financial statements. we have concluded that the Trustees. use of the going concern basi5 of accounting in the preparation of the financial statements is appropriate. Based on the workwe have performed. we have not identified any material uncertainties relaiingto events or conditions that. individually or collectively. may cast signif icant doubt on the Charitable Company's ability to continue as a going concern for a period ot at least twelve months from when the financial statements are authorised for issue.
ADOPTIONPLUS INDEPENDENT AUDITOR'S REPORTTOTHE MEMBERS OFADOPTION PLUS (continued) Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Other Informalion The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report. other than the f inancial statements and our auditor's report thereon. Our opinion on the financial statements (Joes not cover the other information and. except io the extent otherwise explicitly stated in our report, we do not express anyform of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so. considef v4hether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether there is a material misstatement in the financial statements Ihemselves. If. based on the workwe have pertorrned, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothingto report in this regard. Other Companies Act 2006 reporting In our opinion. based on the work undertaken in the course ofthe audit= the information given in the Trustees. Report, which includes the Directors. Report prepared for the purposes ofcompany Law. for the financialyear for which the financial statements are prepared is consistent with the financial statements: and the Directors. Report. which are included in theTrustees' Report. has been prepared in accordance with applicable legal requirements. In the light ofihe knowledge and understandingof the Charitable Companyand its environment obtained in the course of the audit. we have not identified material misstatements in the Strategic report or the Trustees. report. We have nothingto report in respect ofthe following matters in relation to which the CompaniesAct 2006 requires us to reportto you if. in ouropinion- adequate accounting records have not been kept. or returns adequatefor our audit have not been received from branches notvisited by us: or the financial statements are not in agreementwith the accounting records and returns: or certain disclosures of Directors. remuneration specified by law are not made- or we have not received allthe information and explanationswe requirefor our audit.. or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage ofthe small companies. exemptions in preparingthe directors. report and from the requirement to prepare a strategic report.
ADOPTIONPLUS INDEPENDENT AUDITOR'S REPORTTOTHE MEMBERS OF ADOPTION PLUS (continued) Responsibilities of Trustees As explained more fully in the Trustees. responsibilities statement. the Trustees (who are also the directors ofthe charitable companytorthe purposes of company lawl are responsible for the preparation of the financial statements and for being satisf led that they give a true and fair view. and for such internal control as the Trustees determine is necessary to enable the preparation of f inancial statements that are tree from material misstatement, whether due to fraud orerror. In preparing the financial statements. the Trustees are responsible for assessing the Charitable Company's ability to continue as a going concern, disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charitable Company or to cease operations. or have no realistic alternative but to do so. Auditor's responslbilities for the audlt of the financlal statements We have been appointeL1 as auditor underthe CompaniesAct 2006 and report in accordance with theAct and relevant regulations made or having effectthereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are freefrom material misstatement. whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accor¢Jance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individLJally or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these f inancial statements. Extent to which the audit was capalAe of detecting irregularities. including fraud Irregularities, including fraud. are instances of non-compLian¢e with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material missiatements in respect of irregularities. including fraud. The extent to which our procedures are capable ot detecting irregularities. including fraud is detailed below: Non-compliance with laws and regulations Based on: Our understanding of the Charitable Companyand the sector in whic.h it operates- Discussion with management andthose charged with governance", and Obtaining ancj un(JerstanOing of the Charitable Company's policies and procedures regarding compliancewith laws and regulations.
ADOPTIONPLUS INDEPENDENT AUDITOR'S AEPORTTOTHE MEMBERS OFADOPTION PLUS (continued) we considered the significant laws and regulations to be FRS 102 and the Charities SORP 2019. UK tax legislation. Fundraising Regulations. Charities Act 2011 and the Companies Act 2006. The Charitable Company is also subjectto laws and iegulationswhere the consequence of non-compliance could have a malerialeffect on the amount or disclosures in the financial statements. for example through the irnposition of fines or litigations. We identified such laws and regulations to be health and safety and data protection legislation. Children Acts 1989 & 2004. the Children and Young Person Act 2014 and the Social Services and Well BeingAct. Our procedures in respect ofthe above included= Review ofminutes of meeting ofthose charged with governancefoT any instances of non-compliancewith laws and regulations- Review of correspondence with regulatory and lax authoritiesfor any instances of non-compliance with laws and regulations- Review of financial statement disclosures and agreeing to supporting documentation- and Review of legal expenditure accounts to understand the nature of expenditure incurred. Fraud We assessed the susceptibility of the financial statements to material misstatement, inclu(Jing fraud. Our risk assessment procedures included= Enquirywith management and those charged with g¢)vernance regardingany known or suspected instances of fraud- Obtaining an understandingofthe Charitable Company's policies and procedures relating to= o Detecting and responding to the risks of fraud- and o Internal controls established to mitigate risks related to fraud. Review of minutes ot meetingofthose charged with governance for any known or suspected instances of fraud: Discussion amongst the engagement team asto how and wherefraud might occur in the financial siatements- and Performing analytical procedures to identify any unusualor unexpected relationships that may indicate risks of material misstatement due to fraud. Based on our riskassessment. we considered the areas most susceptible tofraud to be management override otjournals posted intothe financialsystem, management override of the judgements and estimates within the charity and the recognition of income.
ADOPTIONPLUS INDEPENDENT AUDITOR'S REPORTTOTHE MEMBERS OFADOPTION PWS (continued) Our procedures in respect of the above included: Testing a sample of journal entries throughout the year. which met a defined risk criteria. by agreeing to supporting documentation: Assessing signiticant estimates made by managementfor bias, includingthe calculations for deferred revenue.. and Selected a sample oftransactions to agree to supporting documentation to verify theywere recorded in the correct period. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to anyindications of fraud or non-compliancewith laws and regulationsthroughoutthe audit. Our audit procedures were designed to respond to risks of material misstatement in the f inancial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error. as fraud may involve deliberate concealment by. for example. forgery. misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and thefurther removed non-compliancewiih laws and regulations is from the events and transactions reflected in the financial statements. the less likely we are to become aware of it. A further description of our responsibilities for the audit of the financial statements is located at the Financial Reporting Council's I"FRC's"I website at-. https=/lwww.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solelyto the Charitable CoMpanS members. as a body. in accordance with Chapter 3 of Part 16 ofthe Companies Act 2006. Ourauditwork has been undertaken so that we might stateto the Charitable Company's members those matterswe are required to state to them in an auditor's report and for no other purpose. To the tullest extent permitted by law, we (Jo not accept or assume responsibility to anyone other than the Charitable Companyand the Charitable Company's members as a body. for ourauditwork. for this report. orfor the opinionswe have formed. 11E97 Fiona èonfron {Senior StatutoryAuditor) For and on behalf of BDO LLP. staiutory auditor Gatwick. UK Date 19 December 2025 BDO LLP is a limited liability partnership registered in England antl Wales (with registered number OC3051271.
ADOPTIONPLUS Statement of Financial Activities including Income and Expenditure Account lorthe Year Ended 31 March 2025 2025 2024 Note Donations and legacies Charitable activities Total income 65.376 709.419 774.795 34,844 892.004 926.848 Expenijiture on= Raising fun(Js Net income availableforcharitable expenditure 153.5111 721.284 13.4881 923.360 Expenditure on charitable activities Net movement in funds 1948,8891 1227,6051 1986,6211 163.261) Total funds brought forward 1791,6901 1728,4291 Total funds carried forward 11.019,2951 791.6901 The above results were derived from continuing operations. The charityhas no recognised gains or lossesfor the year otheT Ihan the results above. The notes on pages 13 to 21 form part ofthese financial statements.
ADOPTIONPLUS Balance Sheel As at 31 March 2025 2025 2024 Note FIXED ASSETS Tangible assets 2.958 2,958 11,093 11,093 CURRENT ASSETS Debtors Cash and cash equivalents 167.710 97,642 265,352 227,412 51,073 278.485 CREDITORS- amountsfaliingdue within oneyear 10 (1,049.2981 1805,6531 NETCURRENT LIABILITIES 1783.946) 1527.1681 CAEDITOAS-amounts falling due after morethan one year 11 1238.3071 1275,6151 NET LIABILITIES (1.019.295) 1791,6901 FUND BALANCES Unrestricted funds 12 1.019.295 791,690 TOTAL FUNDS 1.019.295 791,690 The notes on pages 13 to 21 form partofihesefinancialstatements. Thesefinancial statementswere approved bythe board ofdirectors and authorised for issue on 6 October 2025 and were signed on its behalf by: Richard Moore Director Dati 13 October 2025
ADOPTIONPLUS NOTES TOTHE ACCOUNTS Yearended 31 March 2025 1. ACCOUNTING POLICIES Legal status Adoptionplus is a charity registered in England andwales Icharitycommission registration number 12044191Charitable Company Number 069003971- It is governed byitsArticles ofAssociation. li operatesthroughoutthe UK. b. Basis of preparation of financial sLqtements The accounts have been prepaTed in accordancewith applicable accounting standards in the United Kingdom. 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 IFRS1021 (Charities SORP IFRS102)) and the Financial Reporting Standard applicable in the UK an(J Republic ot Ireland IFRS1021. together with the reporting requirements ofthe Companies Act 2006. the Charities Act 2011. the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2006. c. Presentalion currency The functional currency of Adoptionplus is pounds sterling because that is the currency ofthe primaryeconomic environment in which the organisation operates. d. Financial reportlng standard 102- reduced disclosure exemptions The charity has taken advantage of the following disclosure exernptions in preparing these financial statements. as permitted by the FRS 102- The Financial Reporting Standard applicable in the UK and Republic of Ireland- the requirements of Section 7 starement of Cash Flows; the requirements of Section 11 Financial Instruments paragraph 11.39 to 11.48A' and the requirements of Section 33 Related Party Disclosures paragraph 33.7. This inlormation is included in the consolidated financial statements of Barnardo's as at 31 March 2025 and these financial statements may be obtained from Barnardo's. Tanners Lane. 8arkingside. Essex. IG6 1QG. e.-GoinE concern The Trustees have considered their obligations to prepare these financial statements on an appropriate basis. having specific regard to the charitys net position as at 31 March 2025 and lookingahead atfuture plans and notablycashflows to December 2026. 13
ADOPTIONPLUS NOTES TO THE ACCOUNTS (contlnuedl Year ended 31 March 2025 1. ACCOUNTING POLICIES (continued) e. Going concern (contlnued) Whilst the funds of the charity are in a deficit position as at 31 March 2025 1£1.019,295}. the charity has received a letter ofsupport from the parent charity. Barnardo's. Barnardo's will not call in any of the loan repayments. and will provide adequate financial support either in the form of a contribution or a loan to ensure the business continuity of the charity for period of not less than 12 months fTom the date of signing these financial statements. As such. in the opinion of the Trustee5. the charity has sufficient resources to be able to meet its obligations as and when theyfall due. an(1 accordingly the accounts have been prepared on a going concern basis. Whilst economic uncertainties prevail. these are not considered to impact on the going Concern assessment. TheTrustees have not identified any material uncertainty relating to going concern and therefore continue to adopt the going concern basis in the preparation of these f inancial statements. f. Charttable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specif ic conditions bydonors as to howthey may be used. g. Critical accounling estlmates and judgements In applying the charity's accounting policies. the Trustees are required to make juclgements. estirnates and assumptions in determiningthe carrying amounts of assets and liabilities. The Trustees. best judgements. estimates and assumption5 are based on the best and most reliable evidence available atthetime when the decisions are made and are based on historical experience and other factors that are considered to be appropriate. Dueto the inherent subjectivity involved in making such judgements. estimates and assumptions.lhe actual results and outcomes maydiffer. The estimates and underlykng assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revise(J. if the revision afft$ only that period, or in the period of the revision and tuture periods. if the revision affects both current and future periods. The Aooptionplus setvice model is pioneering. and the deferred income calculation is evidence based. which demonstrates it is highly effective albeit so far with a relatively small number of cases in the data. The Trustee5 have agreed. based on the diverse needs lor continuingsupport for our service users. on a weighted average 14
ADOPTIONPLUS NOTES TO THE ACCOUNTS (continued) Year ended 31 March 2025 1. ACCOUNTING POLICIES(continued) g. Critical accounting estimates and judgements (continued) calculation for the financial resources requirecl to meet fuiure demand. This is reflected in deferred income in the accounts. h. Income Income comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the charitys activities. Income is shovm net ofsaleslvalue added tax. returns, rebates and discounts. The charity recognises income when= the amount of income can be reliably measured- it is probable that future economic benefits will flow to the entity: and specif ic criteria have been met for each of the charity's activities. l. Current and deferred taxation Adoptionplus has made a deficit for year ended 31 March 2025. Due to this deficit. there is no recognition ot any tax expense or deferred tax in the income and expenditure for this period. A review will be made on an annual basis to ensure that the correct tax policy is applied. and current and deferred tax is recognised correctly in the income and expenditure and disclosed appropriately in the accounts. j. Tangible assets Tangible assets are stated in the statement of financial position at cost. less ary subsequent accumLJlated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. k. Depreciation Depreciation is prowded at the following annual rates in order to write of each asset over its estimated useful life. Asset class Fixtures and fittings Short leasehold land and buildings Depreciation rate 20%- 33% 10% l. Cash and cash equivalents Cash and cash equivalents COrnPTise cash on hand and call deposits. and other shorl-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.
ADOPTIONPLUS NOTES TO THE ACCOUNTS (contlnued) Year ended 31 March 2025 1. ACCOUNTING POLICIES (¢ontlnued) m. Trade debtors Trade debtors are amounts duefrom customersforservices performed in the ordinary course of business. Trade debtors are held at cost less any provision for bad debts. 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. n. Trade creditors Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilitie5 if the charity does not have an unconditional right. at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date. they are presented as non-current liabilities. Trade creditors are recogniseLI initially at the transaction price and subsequently measured at amortised cost usingthe effective interest method. o. Defined contribution pension obligation A defined contribution plan is a pension plan under v4hich tixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund doe5 not hol(J SLJfficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution duefor service, the excess is recognised as a prepayment. p. 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 atarnortised cost. 16
ADOPTIONPLUS NOTES TO THE ACCOUNTS (continued) Yearended 31 March 2025 2. INCOME FROM DONATIONS 2025 2024 Donations 65,376 65.376 34,844 34.844 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Family supportand placement Training Digital products Other 507,548 136.419 65.452 528,921 175,881 65.037 122,165 892.004 709,419 4. EXPENDITURE ON RAISING FUNDS 2025 2024 Fundraising costs 53.511 3.488 All expenditure on raising of funds is attributable to general funds. EMPLOYEES Numberol employees 2025 No. 2024 No. 16 Average numbei of employees Employment costs 2025 2024 Wages and salaries Social securitycosts Defined contribution pension scheme 578.252 60.785 61,344 700,381 597.132 62.527 57.610 717.269 2025 2024 Included within wages and salaries above are Senior Management remuneration amountingto 148,054 139,928 Senior Managernent remuneration includes gross salary. employers Nl and pension contributions. 17
ADOPTIONPLUS NOTES TO THE ACCOUNTS (continued) Yearended 31 March 2025 EMPLOYEES (eontinued) The number of employees whose annual remuneration was £60.000 or more were: 2025 No. 2024 No. £80.000- £90.000 6. CHARITABLE EXPENDITURE AND SUPPORT COSTS Expenditure on charitable activities Direct Support costs costs Total 2025 Direct Support cosls costs Total 2024 Farnilysupport and placement 609.317 102.144 711,461 613.187 104.083 717.270 Training 130.723 21.914 152.637 143,661 24,385 168,046 Digital products 54.717 9,173 63.890 65,365 11.095 76,460 Other 17.901 3.000 20.901 21,239 3.606 24,845 812.658 136.231 948,889 843.452 143,169 986,621 Support Costs 2025 2024 Premises costs Stattcosts IT costs Administration expenses 22.016 80.384 14.719 19,112 136.231 17.836 105,506 17,404 2,423 143,169 7. DEFICITBEFORETAX Arrived at after charging: 2025 2024 Audit Fee 7.900 7.020 Depi'eLi(Iliuri expe115e 8.135 8.135 18
ADOPTIONPLUS NOTES TO TrIE ACCOUNTS (continued) Yoarended 31 March 2025 8. TANGIBLE ASSETS Short Leasehold Land and buildings Furniture. fittings and equipment Total Cost or valuatlon Al 1 Apri12024 end 31 March 2025 29.580 85.169 114.749 Depreciation At 1 April 2024 Charge for year At 31 March 2025 23.664 2.958 26,622 79.992 5.177 85,169 103.656 8,135 111.791 Net bookvalue At 31 March 2024 5.916 5,177 11.093 At 31 March 2025 2.958 2.958 DEBTORS 2025 2024 Trade debtors Accrued Income Prepayments Taxation and social security 103,022 35,699 28.560 429 174.544 52.293 575 167.710 227.412 10. CREDITORS- amounts falling duewithin one year 2025 2024 Taxation and social security Accruals and deferred income Amount due to parent charity Other creditors 15.804 97.892 911.033 24.569 15,799 92,263 655,929 41,662 1.049.298 805.653 19
ADOPTIONPLUS NOTES TO THE ACCOUNTS Icontinuod) Year ended 31 March 2025 10. CREDITORS- amountstalling due within one year (continued) The amount of £911,03312024: £655.929) represents a loan between the parent charity and Adoptionplus. The loan is unsecured and is repayable on demand. however the charity has received an undertakingfrom its parent charity not to request payment ofthe loan from at leasi 12 months fTom the Oatethese accounts were approved. Interest accrues daily on the outstandingbalance ofthe loan atthe rate of 1.5% above base rate and is payable quarterly in arrears. 11. CREDITORS- amountsfallingdue aftermore than one year 2025 2024 Accruats and deferred income 238.307 238,307 275,615 275.615 12. FUNDS BALANCES la) Analysis of unrestricted funds At 1 April 2024 At31 March 2025 Income Expenditure Unrestricted free reserves 1791.6901 774.795 11.002.400) (1,019.295) The unrestricted free reserves oflhe charitycomprise the generalfund. (b) Analy$is of fund balances between ¢harlty net Ilabllltles 2025 2024 Fixed assets 2,958 (783.9461 11,093 1527.1681 Nel Lurrerit liabilities Accruals and deferred income due after rnore than one year Net Liabilities 1238.3071 11,019.2951 1275,615) 1791,6901 20
ADOPTIONPLUS NOTES TO THE ACCOUNTS lcorrtlnued) Year ended 31 March 2025 12. ULTIMATE PARENT ENTITY The charity's ultimate parent is Barnardo's. a charity registered in England and Wales. Barnardo's is the ultimate controlling party of Adoptionplus by virtue of its power to appoint8nd remove the trustees ofthe charity- Barnardo's has included the results ofthe charityin itsgroup accounts. copies ofwhich can be obtained from Barnardo's. Tanners Lane, Barkingside. Ilford. Essex IG6 1QG. 21