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||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)|
||**M**Greaves (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|







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|||||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|





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## 

|Fixtures and fittings|-|Straight line over10years|
|---|---|---|
|Motor vehicles|-|Straight line over 4 years|
|Computer equipment|-|Straight line over 3 years|






## 

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## 

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## 

## 

||||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|



|2025|2024|
|---|---|
|£|£|
||654|






## 

## 

## 

|**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|
|---|---|
|87|77|



||||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|<br>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|
|**F**J 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<br>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|