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2025-03-31-accounts
|
Page |
| Reference andAdministrative Details |
1 |
| Reportofthe Trustees |
2 to8 |
| Reportofthe IndependentAuditors |
9to12 |
| Statement of FinancialActivities |
13 |
| Statement of Financial Position |
14 |
| Statement of Cash Flows |
15 |
| Notes to the Financial Statements |
16to 36 |
| TRUSTEES |
T R Espley (Chair) |
|
E Horton |
|
E C Wardlaw (Vice Chair) |
|
MGreaves (Finance Director) |
|
R K Singh |
| COMPANY SECRETARY |
M Z Lewis |
| REGISTERED OFFICE |
Banbury Road |
|
Byfield |
|
Daventry |
|
Northamptonshire |
|
NN116UA |
| REGISTERED COMPANY |
00541304 (England and Wales) |
| NUMBER |
|
| REGISTERED CHARITY |
228037 |
| NUMBER |
|
| AUDITORS |
Shaw Gibbs (Audit) Limited |
|
Chartered Certified Accountants |
|
Statutory Auditor |
|
Eagle House |
|
28 Billing Road |
|
Northampton |
|
Northamptonshire |
|
NN15AJ |
| BANKERS |
Lloyds Bank |
|
12High Street |
|
Banbury |
|
Oxfordshire |
|
OX16 5EF |
| GENERAL MANAGER |
Richard Smith |
|
|
|
|
2025 |
2024 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| INCOMEAND ENDOWMENTS FROM |
|
|
|
|
|
| Donations and legacies |
3 |
39,593 |
|
39,593 |
29,029 |
| Charitable activities |
5 |
|
|
|
|
| GeneralCare |
|
1,660,023 |
|
1,660,023 |
1,535,208 |
| Supported Living |
|
1,633,667 |
|
1,633,667 |
1,336,254 |
| Investment income |
4 |
180 |
|
180 |
298 |
| Total |
|
3,333,463 |
|
3,333,463 |
2,900,789 |
| EXPENDITUREON |
|
|
|
|
|
| Charitableactivities |
6 |
|
|
|
|
| General Care |
|
1,397,989 |
1,468 |
1,399,457 |
1,403,315 |
| Supported Living |
|
1,703,649 |
|
1,703,649 |
1,068,156 |
| Pension·Scheme |
|
28,000 |
|
28,000 |
30,000 |
| Total |
|
3,129,638 |
1,468 |
3,131,106 |
2,501,471 |
| NET INCOME/(EXPENDITURE) |
|
203,825 |
(1,468) |
202,357 |
399,318 |
| Other recognised gains/(losses) |
|
|
|
|
|
| Actuarial gains on defined benefit schemes |
|
76,000 |
|
76,000 |
43,000 |
| Net movementinfunds |
|
279,825 |
(1,468) |
278,357 |
442,318 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Totalfunds brought forward |
|
3,208,116 |
2,298,140 |
5,506,256 |
5,063,938 |
| TOTAL FUNDS CARRIED FORWARD |
|
3,487,941 |
2,296,672 |
5,784,613 |
5,506,256 |
|
|
2025 |
2024 |
|
Notes |
£ |
£ |
| FIXED ASSETS |
|
|
|
| Tangible assets |
12 |
5,770,508 |
5,615,131 |
| CURRENT ASSETS |
|
|
|
| Stocks |
13 |
3,852 |
5,923 |
| Debtors |
14 |
291,169 |
190,109 |
| Cash at bank andinhand |
|
427,522 |
442,336 |
|
|
722,543 |
638,368 |
| CREDITORS |
|
|
|
| Amounts falling due within one year |
15 |
(375,169) |
(257,870) |
| NET CURRENT ASSETS |
|
347,374 |
380,498 |
| TOTAL ASSETS LESS CURRENT |
|
|
|
| LIABILITIES |
|
6,117,882 |
5,995,629 |
| CREDITORS |
|
|
|
| Amounts falling due after more than one year 16 |
|
(252,179) |
(292,668) |
| PENSION LIABILITY |
22 |
(81,090) |
(196,705) |
| NET ASSETS |
|
5,784,613 |
5,506,256 |
| FUNDS |
21 |
|
|
| Unrestricted funds |
|
3,487,941 |
3,208,116 |
| Restricted funds |
|
2,296,672 |
2,298,140 |
| TOTAL FUNDS |
|
5,784,613 |
5,506,256 |
|
|
2025 |
2024 |
|
Notes |
£ |
£ |
| Cash flows from operating activities |
|
|
|
| Cash generated from operations |
25 |
195,323 |
432,541 |
| Interest paid |
|
(1,229) |
(1,741) |
| Net cash providedbyoperating activities |
|
194,094 |
430,800 |
| Cash flows from investing activities |
|
|
|
| Purchase of tangible fixed assets |
|
(164,665) |
(257,691) |
| Sale of tangible fixed assets |
|
|
1,169 |
| Interest received |
|
180 |
298 |
| Net cash used in investing activities |
|
(164,485) |
(256,224) |
| Cash flows from financing activities |
|
|
|
| Loan repaymentsinyear |
|
(43,185) |
(38,165) |
| Capital repaymentsinyear |
|
(1,238) |
|
| Net cash usedinfinancing activities |
|
(44,423) |
(38,165) |
| Changeincash and cash equivalents |
|
|
|
| inthe reporting period |
|
(14,814) |
136,411 |
| Cash and cash equivalents at the |
|
|
|
| beginning of the reporting period |
|
442,336 |
305,925 |
| Cash and cash equivalents at the end |
|
|
|
| of the reporting period |
|
427,522 |
442,336 |
| Fixtures and fittings |
- |
Straight line over10years |
| Motor vehicles |
- |
Straight line over 4 years |
| Computer equipment |
- |
Straight line over 3 years |
|
|
|
2025 |
2024 |
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
£ |
£ |
£ |
£ |
| Donations |
39,593 |
|
39,593 |
28,375 |
| Grants |
|
|
|
654 |
|
39,593 |
|
39,593 |
29,029 |
| INVESTMENT INCOME |
|
|
|
|
|
|
|
2025 |
2024 |
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
£ |
£ |
£ |
£ |
| Interest receivable |
180 |
|
180 |
298 |
| INCOME FROM CHARITABLE ACTIVITIES |
|
|
|
|
|
|
|
2025 |
2024 |
|
Activity |
|
£ |
£ |
| Fees and allowances |
General Care |
|
1,650,167 |
1,535,208 |
| Other income |
General Care |
|
9,856 |
|
| Fees andallowances |
Supported Living |
|
1,579,155 |
1,285,490 |
| Charitablerentalincome |
Supported Living |
|
54,512 |
50,764 |
|
|
|
3,293,690 |
2,871,462 |
| CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
Support |
|
|
Direct |
costs (see |
|
|
Costs |
note7) |
Totals |
|
£ |
£ |
£ |
| General Care |
1,380,830 |
18,627 |
1,399,457 |
| Supported Living |
1,697,127 |
6,522 |
1,703,649 |
| Pension Scheme |
20,000 |
8,000 |
28,000 |
|
3,097,957 |
33,149 |
3,131,106 |
| SUPPORT COSTS |
|
|
|
|
|
Governance |
|
|
Finance |
costs |
Totals |
|
£ |
£ |
£ |
| General Care |
14,201 |
4,426 |
18,627 |
| Supported Living |
476 |
6,046 |
6,522 |
| Pension Scheme |
8,000 |
|
8,000 |
|
22,677 |
10,472 |
33,149 |
|
|
|
|
2025 |
2024 |
|
General |
Supported |
Pension |
Total |
Total |
|
Care |
Living |
Scheme |
activities |
activities |
|
£ |
£ |
£ |
£ |
£ |
| Bank charges |
13,448 |
|
|
13,448 |
14,636 |
| Interest payable and |
|
|
|
|
|
| similar charges |
753 |
476 |
8,000 |
9,229 |
13,741 |
| Auditors' remuneration |
3,372 |
5,028 |
|
8,400 |
6,200 |
| Trustees insurance |
1,054 |
1,018 |
|
2,072 |
4,550 |
|
18,627 |
6,522 |
8,000 |
33,149 |
39,127 |
| Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
2025 |
2024 |
|
£ |
£ |
| Auditors' remuneration |
8,400 |
6,200 |
| Depreciation - owned assets |
15,038 |
13,029 |
| Depreciation - assetsonhirepurchase contracts andfinance leases |
1,750 |
|
| Auditors remuneration for non-audit work |
3,021 |
4,267 |
|
2025 |
2024 |
|
£ |
£ |
| Wages and salaries |
2,302,248 |
1,819,666 |
| Social security costs |
200,313 |
154,784 |
| Other pension costs |
79,988 |
62,149 |
|
2,582,549 |
2,036,599 |
|
|
|
2025 |
2024 |
|
£60,001 - £70,000 |
|
1 |
2 |
|
£70,001- £80,000 |
|
1 |
1 |
|
£80,001- £90,000 |
|
1 |
|
|
|
|
3 |
3 |
| 11. |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
|
|
|
Unrestricted |
Restricted |
Total |
|
|
funds |
funds |
funds |
|
|
£ |
£ |
£ |
|
INCOME AND ENDOWMENTS FROM |
|
|
|
|
Donationsandlegacies |
29,029 |
|
29,029 |
|
Charitable activities |
|
|
|
|
General Care |
1,535,208 |
|
1,535,208 |
|
Supported Living |
1,336,254 |
|
1,336,254 |
|
Investment income |
298 |
|
298 |
|
Total |
2,900,789 |
|
2,900,789 |
|
EXPENDITUREON |
|
|
|
|
Charitable activities |
|
|
|
|
General Care |
1,402,821 |
494 |
1,403,315 |
|
Supported Living |
1,068,156 |
|
1,068,156 |
|
Pension Scheme |
30,000 |
|
30,000 |
|
Total |
2,500,977 |
494 |
2,501,471 |
| 11. |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
- continued |
|
|
|
Unrestricted |
Restricted |
Total |
|
|
funds |
funds |
funds |
|
|
£ |
£ |
£ |
|
NET INCOME/(EXPENDITURE) |
399,812 |
(494) |
399,318 |
|
Other recognised gains/(losses) |
|
|
|
|
Actuarial gainsondefined benefit |
|
|
|
|
schemes |
43,000 |
|
43,000 |
|
Net movementinfunds |
442,812 |
(494) |
442,318 |
|
RECONCILIATION OF FUNDS |
|
|
|
|
Total funds brought forward |
2,765,304 |
2,298,634 |
5,063,938 |
|
TOTAL FUNDS CARRIED FORWARD |
3,208,116 |
2,298,140 |
5,506,256 |
| 12. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
Improvements |
Fixtures |
|
|
Freehold |
to |
and |
|
|
property |
property |
fittings |
|
|
£ |
£ |
£ |
|
COST OR VALUATION |
|
|
|
|
At 1 April2024 |
3,997,858 |
1,567,244 |
469,798 |
|
Additions |
|
125,333 |
34,647 |
|
At31March 2025 |
3,997,858 |
1,692,577 |
504,445 |
|
DEPRECIATION |
|
|
|
|
At 1 April 2024 |
|
|
426,890 |
|
Charge for year |
|
|
10,971 |
|
At31March 2025 |
|
|
437,861 |
|
NET BOOK VALUE |
|
|
|
|
At31March 2025 |
3,997,858 |
1,692,577 |
66,584 |
|
At31March 2024 |
3,997,858 |
1,567,244 |
42,908 |
| TANGIBLE FIXED ASSETS - continued |
|
|
|
|
Motor |
Computer |
|
|
vehicles |
equipment |
Totals |
|
£ |
£ |
£ |
| COST OR VALUATION |
|
|
|
| At 1 April 2024 |
26,487 |
44,456 |
6,105,843 |
| Additions |
10,500 |
1,685 |
172,165 |
| At31March 2025 |
36,987 |
46,141 |
6,278,008 |
| DEPRECIATION |
|
|
|
| At 1 April 2024 |
25,113 |
38,709 |
490,712 |
| Charge for year |
2,928 |
2,889 |
16,788 |
| At31March 2025 |
28,041 |
41,598 |
507,500 |
| NET BOOK VALUE |
|
|
|
| At31March 2025 |
8,946 |
4,543 |
5,770,508 |
| At31March 2024 |
1,374 |
5,747 |
5,615,131 |
|
|
|
Improvements |
Fixtures |
|
|
Freehold |
to |
and |
|
|
property |
property |
fittings |
|
|
£ |
£ |
£ |
| Valuationin |
2017 |
2,699,318 |
|
|
| Valuationin |
2022 |
242,593 |
|
|
| Cost |
|
1,055,947 |
1,692,577 |
504,445 |
|
|
3,997,858 |
1,692,577 |
504,445 |
|
|
Motor |
Computer |
|
|
|
vehicles |
equipment |
Totals |
|
|
£ |
£ |
£ |
| Valuationin |
2017 |
|
|
2,699,318 |
| Valuationin |
2022 |
|
|
242,593 |
| Cost |
|
36,987 |
46,141 |
3,336,097 |
|
|
36,987 |
46,141 |
6,278,008 |
|
Motor |
|
vehicles |
|
£ |
| COST |
|
| Additions |
10,500 |
| DEPRECIATION |
|
| Charge for year |
1,750 |
| NET BOOK VALUE |
|
| At31March 2025 |
8,750 |
| At31March 2024 |
|
| 13. |
STOCKS |
|
|
|
|
2025 |
2024 |
|
|
£ |
£ |
|
Stocks |
3,852 |
5,923 |
| 14. |
DEBTORS: AMOUNTS FALLINGDUEWITHIN ONE YEAR |
|
|
|
|
2025 |
2024 |
|
|
£ |
£ |
|
Trade debtors |
209,448 |
133,371 |
|
Other debtors |
7,592 |
3,775 |
|
Prepayments and accrued income |
74,129 |
52,963 |
|
|
291,169 |
190,109 |
| 15. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
2025 |
2024 |
|
|
£ |
£ |
|
Bank loans and overdrafts (see note 17) |
44,242 |
43,030 |
|
Hirepurchase (see note 18) |
2,354 |
|
|
Trade creditors |
48,689 |
41,796 |
|
Social security and other taxes |
40,026 |
40,336 |
|
Other creditors |
14,723 |
6,227 |
|
Accruals and deferred income |
225,135 |
126,481 |
|
|
375,169 |
257,870 |
|
|
£ |
|
|
Balance as at31March 2024 |
100,580 |
|
|
Amount released to incoming resources |
(100,580) |
|
|
Amount deferredinyear |
127,607 |
|
|
Balance asat31March 2025 |
127,607 |
|
| 16. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
|
|
2025 |
2024 |
|
|
£ |
£ |
|
Bank loans (see note 17) |
248,271 |
292,668 |
|
Hire purchase (see note18) |
3,908 |
|
|
|
252,179 |
292,668 |
| 17. |
LOANS |
|
|
|
Ananalysis of the maturity of loansisgiven below: |
|
|
|
|
2025 |
2024 |
|
|
£ |
£ |
|
Amounts falling due within one yearondemand: |
|
|
|
Bank loans |
44,242 |
43,030 |
|
Amounts falling between one and two years: |
|
|
|
Bank loans - 1-2 years |
45,489 |
44,242 |
|
Amounts falling due between two and five years: |
|
|
|
Bank loans - 2-5 years |
144,282 |
140,323 |
|
Amounts falling dueinmore than five years: |
|
|
|
Repayablebyinstalments: |
|
|
|
Bank loans repayableinmore than 5 years |
58,500 |
108,103 |
| Minimum lease payments fall dueasfollows: |
|
|
|
Hirepurchase |
contracts |
|
2025 |
2024 |
|
£ |
£ |
| Gross obligations repayable: |
|
|
| Within one year |
3,036 |
|
| Between one and five years |
4,301 |
|
|
7,337 |
|
| Finance charges repayable: |
|
|
| Within one year |
682 |
|
| Between one and five years |
393 |
|
| Net obligations repayable: |
|
|
| Within one year |
2,354 |
|
| Between one and five years |
3,908 |
|
|
6,262 |
|
|
Non-cancellable |
|
|
operating |
leases |
|
2025 |
2024 |
|
£ |
£ |
| Within one year |
33,340 |
10,835 |
| Between one and five years |
108,354 |
19,186 |
|
141,694 |
30,021 |
|
2025 |
2024 |
|
£ |
£ |
| Bank loans |
292,513 |
335,698 |
| Hire purchase contracts |
6,262 |
|
|
298,775 |
335,698 |
|
|
|
2025 |
2024 |
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
£ |
£ |
£ |
£ |
| Fixed assets |
3,479,050 |
2,291,458 |
5,770,508 |
5,615,131 |
| Current assets |
717,329 |
5,214 |
722,543 |
638,368 |
| Current liabilities |
(375,169) |
|
(375,169) |
(257,870) |
| Long term liabilities |
(252,179) |
|
(252,179) |
(292,668) |
| Pension liability |
(81,090) |
|
(81,090) |
(196,705) |
|
3,487,941 |
2,296,672 |
5,784,613 |
5,506,256 |
| MOVEMENT IN FUNDS |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1/4/24 |
infunds |
31/3/25 |
|
£ |
£ |
£ |
| Unrestrictedfunds |
|
|
|
| Generalfund |
2,074,632 |
164,210 |
2,238,842 |
| Revaluation reserve |
1,299,540 |
|
1,299,540 |
| Fair Value Reserve |
30,630 |
|
30,630 |
| Pension Liability Fund |
(196,705) |
115,615 |
(81,090) |
| Share Capital |
19 |
|
19 |
|
3,208,116 |
279,825 |
3,487,941 |
| Restricted funds |
|
|
|
| Apps House Fund |
416,389 |
|
416,389 |
| Giles House Fund |
72,396 |
|
72,396 |
| Innes House Fund |
147,655 |
|
147,655 |
| F J Apps Training Fund |
3,834 |
(73) |
3,761 |
| Welfare Fund |
6,157 |
(1,205) |
4,952 |
| Revaluation Reserve |
1,642,371 |
|
1,642,371 |
| Marks Donation |
5,000 |
|
5,000 |
| Screwfix Foundation |
3,500 |
|
3,500 |
| Tilney Donation |
838 |
(190) |
648 |
|
2,298,140 |
(1,468) |
2,296,672 |
| TOTAL FUNDS |
5,506,256 |
278,357 |
5,784,613 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
infunds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
3,333,463 |
(3,169,253) |
|
164,210 |
| Pension Liability Fund |
|
39,615 |
76,000 |
115,615 |
|
3,333,463 |
(3,129,638) |
76,000 |
279,825 |
| Restricted funds |
|
|
|
|
| F J Apps Training Fund |
|
(73) |
|
(73) |
| Welfare Fund |
|
(1,205) |
|
(1,205) |
| Tilney Donation |
|
{190) |
|
{190) |
|
|
{1,468) |
|
{1,468) |
| TOTAL FUNDS |
3,333,463 |
{3,131,106) |
76,000 |
278,357 |
| Comparatives for movementinfunds |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1/4/23 |
in funds |
31/3/24 |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
1,709,215 |
365,41 7 |
2,074,632 |
| Revaluation reserve |
1,299,540 |
|
1,299,540 |
| Fair Value Reserve |
30,630 |
|
30,630 |
| PensionLiability Fund |
(274,100) |
77,395 |
(196,705) |
| Share Capital |
19 |
|
19 |
|
2,765,304 |
442,812 |
3,208,116 |
| Restricted funds |
|
|
|
| Apps House Fund |
416,389 |
|
416,389 |
| Giles House Fund |
72,396 |
|
72,396 |
| Innes House Fund |
147,655 |
|
147,655 |
| FJ Apps Training Fund |
3,907 |
(73) |
3,834 |
| Welfare Fund |
6,388 |
(231) |
6,157 |
| RevaluationReserve |
1,642,371 |
|
1,642,371 |
| Marks Donation |
5,000 |
|
5,000 |
| Screwfix Foundation |
3,500 |
|
3,500 |
| Tilney Donation |
1,028 |
{190) |
838 |
|
2,298,634 |
{494) |
2,298,140 |
| TOTAL FUNDS |
5,063,938 |
442,318 |
5,506,256 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
2,900,789 |
(2,535,372) |
|
365,417 |
| PensionLiability Fund |
|
34,395 |
43,000 |
77,395 |
|
2,900,789 |
(2,500,977) |
43,000 |
442,812 |
| Restricted funds |
|
|
|
|
| F J Apps Training Fund |
|
(73) |
|
(73) |
| Welfare Fund |
|
(231) |
|
(231) |
| Tilney Donation |
|
{190) |
|
{190) |
|
|
{494) |
|
{494) |
| TOTAL FUNDS |
2,900,789 |
{2,501,471) |
43,000 |
442,318 |
|
Defined |
benefit |
|
pension |
plans |
|
2025 |
2024 |
|
£ |
£ |
| Present value of funded obligations |
(1,011,100) |
(1,130,100) |
| Fairvalueof planassets |
930,010 |
933,395 |
|
(81,090) |
(196,705) |
| Present value of unfunded obligations |
|
|
| Deficit |
(81,090) |
(196,705) |
| Net liability |
(81,090) |
(196,705) |
| The amounts recognisedinthe Statement of Financial Ac |
tivities areasfollows: |
|
|
Defined |
benefit |
|
pension |
plans |
|
2025 |
2024 |
|
£ |
£ |
| Current service cost |
|
|
| Net interest from net defined benefit |
|
|
| asseUliability |
8,000 |
12,000 |
| Past service cost |
|
|
| Administration expenses |
20,000 |
18,000 |
|
28,000 |
30,000 |
| Actual returnonplan assets |
45,000 |
42,000 |
| Changes in the present value of the defined benefit obliga |
tion areasfollows: |
|
|
Defined |
benefit |
|
pension |
plans |
|
2025 |
2024 |
|
£ |
£ |
| Openingdefined benefit obligation |
1,130,100 |
1,154,100 |
| Interest cost |
53,000 |
54,000 |
| Actuarial losses/(gains) |
(111,000) |
(54,000) |
| Benefits paid |
(47,000) |
(44,000) |
| Remeasurements: |
|
|
| Actuarial (gains)/losses from changesin |
|
|
| financial assumptions |
(7,000) |
20,000 |
| Other benefits paid |
(7,000) |
|
|
1,011,100 |
1,130,100 |
|
Defined |
benefit |
|
pension |
plans |
|
2025 |
2024 |
|
£ |
£ |
| Openingfair value of scheme assets |
933,395 |
880,000 |
| Contributionsbyemployer |
67,615 |
64,395 |
| Administrationexpenses |
(20,000) |
(18,000) |
| Expected return |
45,000 |
42,000 |
| Benefits paid |
(47,000) |
(44,000) |
| Remeasurements: |
|
|
| Returnonplan assets (excluding |
|
|
| interestincome) |
(42,000) |
9,000 |
| Other benefits paid |
(7,000) |
|
|
930,010 |
933,395 |
|
Defined |
benefit |
|
pension |
plans |
|
2025 |
2024 |
|
£ |
£ |
| Actuarial (gains)/losses from changesin |
|
|
| financialassumptions |
7,000 |
(20,000) |
| Other benefitspaid |
7,000 |
|
| Returnonplan assets (excluding |
|
|
| interest income) |
(42,000) |
9,000 |
| Other benefits paid |
(7,000) |
|
| Actuarial gains/(losses) |
(111,000) |
(54,000) |
|
(146,000) |
(65,000) |
| The major categoriesof scheme assetsasamounts o |
f total scheme assets areasfollows |
: |
|
Defined |
benefit |
|
pension |
plans |
|
2025 |
2024 |
|
£ |
£ |
| Equities |
436,000 |
404,000 |
| Diversified growth funds |
165,000 |
158,000 |
| Liability driven investments |
128,000 |
168,000 |
| Diversified credit funds |
170,000 |
169,000 |
| Cash |
6,010 |
9,395 |
| Buyandmaintain credit funds |
25,000 |
25,000 |
|
930,010 |
933,395 |
Principal actuarialassumptions at the Statement of
averages): |
Financial Position date (expressed |
asweighte |
|
2025 |
2024 |
| Discount rate |
5.80% |
4.80% |
| RPIinflation |
3.25% |
3.30% |
| CPIinflation |
2.95% |
2.90% |
| Life expectancies(inyears):- |
|
|
| Life expectancies(inyears):- |
|
|
|
|
|
31 |
March 2025 |
31 |
March 2024 |
|
Males |
Females |
Males |
Females |
| Foranindividual aged65at yearend |
21.4 |
24.0 |
21.5 |
24.0 |
| At age 65foranindividual aged 45atyearend |
22.7 |
25.4 |
22.8 |
25.4 |
| CAPITAL COMMITMENTS |
|
|
|
2025 |
2024 |
|
£ |
£ |
| Contracted but not provided forinthe financial statements |
47,288 |
|
|
2025 |
2024 |
|
£ |
£ |
| Net income for the reportingperiod(as per the Statement of |
|
|
| Financial Activities) |
202,357 |
399,318 |
| Adjustments for: |
|
|
| Depreciationcharges |
16,788 |
13,029 |
| Interest received |
(180) |
(298) |
| Interest paid |
1,229 |
1,741 |
| Decrease/(increase)instocks |
2,071 |
(1,807) |
| Increaseindebtors |
(101,060) |
(20,271) |
| Increaseincreditors |
113,733 |
75,224 |
| Difference between pension charge and cash contributions |
{39,615) |
{34,395) |
| Net cash providedbyoperations |
195,323 |
432,541 |
| **ANALYSISOFCHANGESIN ** |
NET FUNDS |
|
|
|
|
|
|
Other |
|
|
|
|
non-cash |
|
|
At 1/4/24 |
Cash flow |
changes |
At 31/3/25 |
|
£ |
£ |
£ |
£ |
| Net cash |
|
|
|
|
| Cash at bank |
|
|
|
|
| andinhand |
442,336 |
(14,814) |
|
427,522 |
|
442,336 |
(14,814) |
|
427,522 |
| Debt |
|
|
|
|
| Finance leases |
|
1,238 |
(7,500) |
(6,262) |
| Debts falling due |
|
|
|
|
| within 1 year |
(43,030) |
(1,212) |
|
(44,242) |
| Debts falling due |
|
|
|
|
| after 1 year |
(292,668) |
44,397 |
|
(248,271) |
|
(335,698) |
44,423 |
(7,500) |
(298,775) |
| 26. |
ANALYSISOFCHANGESINNET FUNDS -continued |
ANALYSISOFCHANGESINNET FUNDS -continued |
|
|
|
|
Total |
106,638 |
29,609 |
(7,500) |
128,747 |
| 27. |
SHARE CAPITAL |
|
|
|
|
|
|
|
|
2024 |
2023 |
|
Ordinary share capital |
|
|
£ |
£ |
|
Issued andfullypaid |
|
|
|
|
|
19Ordinary shares of£1each |
|
|
19 |
19 |