Charlly Rggl8tratlon No. 26001S Company Reglstratlon No. 00956345 (England and WaleBI AVOCET CARE & SUPPORT LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 RickardLuckin
AVOCET CARE & SUPPORT LTD LEGAL AND ADMINISTRATIVE INFORMATION Tru$t•e$ IP Carey M O'sullivan MB Stevenson RM N Gallon TN Cass Secretary M Roger8 Senlor management M Rogers Chief executive officer Charlty numbèr IEngland and Wal&sl 260015 Company numbor 00956345 Reglstered offlce West Suite, Cott45 House Locks Hlll South Street Rochford Essex SS4 1BB Audltor Rlckard Luckin Limit8d 1st Floor County Housè 100 New London Road Chelmsford E88ex CM2 ORG
AVOCET CARE & SUPPORT LTD CONTENTS P•9¢ Trustees, report Independent audSloVs réport Statement of financlal 8¢tlv4tl88 10 Balan sheet 11 statement ol cash flows 12 Notes to the financial statgments 13-23
AVOCET CARE & SUPPORT LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees Ivtho ar& also d1rectors for the Purposes of the Companles Act) present thaSr annual report and flnBncSal statements for thè year ended 31 March 2025. The financial statements have been prepared in accordance wllh the Charivs Memorandum and Artides of Assoclalion, the Companies Act 2006, and the Charities SORP Accounting and R8POrting by Charilies.. St8lernenl of Recommended Praclise applicable lo ¢harilies preparing Ihgir accounts in aooorrtance with the Financial Reportlng Standard applicable in Ihg UK and the Rgpublic ol Iroland IFRS 102)" 19ffs¢tiva 1 January 20191. ObJ8Ctl¥ès and actlvltl•s The princip81 objectives and 8ctsvitig8 of th8 Charity in thè y08r under r8vlew Arè as stal$d In ts M8mor8ndum of Association. in 8¢cord8n¢o wllh Charily Commlsslon Guldancè and are as follows- The Charity is 8st8blished for the publlc bonefii for the following oblects'.- 111 Th& r&llef and care of elderly persons of all classes sufferlng from the d18abililie5 of old age or otherwise in need. 121 The spreading of Christian principl8S to all hurnan rslallonship$ and th& Appllc8tlon of humanitarian airns lo promote th8 r91igf ol the aldgrly. 131 To provlde further educatlon In the sphere of voluntary work, soclal work and slmllar actlvlues so as to Inculc8t& thè princlples of good cltlzenshlp. 141 Such other Purposes Tecognised by English law as charitsble as the Charity shall delemiine from Ilme to 1Sme. slgnlflcant actlvltles and publlc benefft Avocel Care & Support Ltd 18 aware of and lakes ntslo of tha Charity Commlsslon's roqulr8menl$ rggardlng Its chBritab16 purpose and its benefit to the publlc. The Charlty malntalns safe and affordable accommodation for elderly and Irail elderly people who May also appreciate the companlonship of other Residents and caring staff. The Charity has iwo Sheltered Houses offering a total of 21 rooms. and a Registered Residential Cafe Home ISI. Georges House) providing 24-hour care and support for up to 25 residents. The ChariV8 main 80urce of income corne8 from Ihg ch8rge8 It m8kg9 to R95id8nts for Ihelr 8ccomMlatIon and services. Residents rnainly fully furhd them$elvg8 but therè 1$ provlslon avBllable for re8ldgrts to bg 888lste(I by Housing Benefits or Soei81 Car8 contracts. Thé stratagy trj m6&t th& Charlty's eharltabl& purposes Is defined and revlewed by Its Trustees and s6nlor staff. ¥¥lth Input from olher staff and resSdents themselves. It Is a well-eslabllshed fact that loneliness Is ol great concem to many elderly people and the Charity does all that it can to help alleviate this worry. All aspects (A Health and Safety and ihe provision of good accommodation are adhered to and the Chartly's presence and services are advertised lo the local community. Prospective Residents are invited lo view the Ch8rity'8 accornmodalion and are provided with an appropriate range of advice and documentation. In P8Tticular the availability of Irained and experienced staff and Careline fa¢ili118$ are highllghled. The Charity ha$ links with tho Local Authority 8nd olhor organlsatfjons and gr¢)ups. Th9 Charity d088 not undertoke dirgct fundrai$ing.
AVOCET CARE & SUPPORT LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevemenls and performanc8 Charltabla aetlvltl•s The Board of Trustees sl¥iv8 10 8¢hleve value for money in how il deals with income to ènsura that the wèlfarg of il's Residents is always top prlorlty. The Charily's alms are to help alleviat8 loneliness, nurture communlly 6ngag8mènl with other provlders and provldè good quallly 6mploym8nt for its staff. Following the decislon lo close Fred Laws House In the prevlous y8ar. th& property was sold in November 2024. Th8 funds from the Sale were divided beeen re payment of a hlstorlc Social Housin9 Grant. a sum pul aside to provide upgr8(t8S to St Georges House and Ihe remaining funds placed In a hlgh InteTe5t 8cwunt for the Charity. Our St MargAmts Housè sh811èr8d housing service conllnued lo see a down tUTn In rèsld8nts through the ye8T. Despite contSnued marketlng we wore un8b19 to in¢rgase number8. The feedback Is that this klnd of servle$ Is no longer daslr8b16 as psoplè will èilh8r want ind&p8nd9nt living with the securily of a careline system or resld8ntial care. Our sheltered servicas sit in baiw8en both of these models and just as with Fred Laws House Ihe future ol this service will be the subject of revlew durtng Thg 2025126 financial ygar. Frank Phillips House remained al 80¥0 occupancy overall for thè yèar and whi181 this is the 8ame sheltered model as Sl Margarets the property is more desirable due to layosjt and accesslbllity. Flr8 safèty conlinu$d lo be a priority in the year with fire doors belng replaced throughout our sh911èr8d housing seNlc&s tts ansure compllan¢g with The Regulatory Reform (Fire Safetyl Order 2005 Our residential care home Sl Georgos Housè contlnuad to hokl 8tsbilty in resident nurnbers. Durirg the year th8 Registered Manager resigned Irom her posllion and the recrultment procoss b8gan to find a replacernent. In the interim the service was supported by (he CEO and Support Manèger of thè Charity 8nd interviews for a replacement were Scheduled forApril 25 A declslon wa$ m8dg lo move our Head Office luncuon away from ils Central Southend offlce locatlon into 8 more cost effectlve property. This dgcision was 89reed by th8 Board and again made cosl efficlency savlngs for Ihg ch8rlty allow5ng morè of our funds to b& ploughgd back into the Services. The move was scheduled forAprS125.
AVOCET CARE & SUPPORT LTD TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnanclal revlew The results for the 2024125 year and financial position of the company are a8 8hobvTr in Ihg annoxal financial statements. Thè deficlt made in Ihe year was £24,747 (2024 - a dgficil of £138,303), and mgrva$ at tha year gnd were £3,947.52912024. £3,972,276). 11 is the aim of the Charity to ensure that il has sufftclanl reserves to.. lal Provide ftjnds to gn8bl8 thè Charlty to c0ftnue Its actlvlties in Ihe short lemi absence of a source of income. Ibl Allow thè Charlty to conunue to develop other services it is able to offef to Residents. Icl Allow the Charity lo pur3ue lonu term ¢apltal prola¢ts to m8&t th& needs of both resent and future Residents. In Order lo meet the$9 r8quirèmènts thè Charity aims lo allow Unrestricted Reserve5 to grow by 5% 10 15% of tumovèr por annum.. For the year under revSew the Charity ha6 not met this objective. The Truslegs will conlSnu9 lo mthiitir and as$es$ the Charlly's financial situation. Value for Money Thg Règu18tor of Soclal Housing brought In new Value for Money rnetrics In 2018 that require8 all tts social housing m8mb8rs to ¢onsldar and report on at ihe end of the year. Th8 TNstees have considered the 7 metric te8t8- Metric 1 Re-inveslmenl % - There ha8 been no propèrty dèvelopmènt In thè 8r wlth èxp&ndlturè focused on mainlaining assets. The reinveslmenl Tnetri¢ is Iher8for8 0%12024'. OV.). Metric 2a- N8w Supply ISo¢lal Housing Unlts) % and Metrlc 2b - New Supply INon.Social Housing Unilsl %- TheTe hava bèan no n8w unlts oraated, thls metric Is therefore 0% for bolh12024: 0%). Metric 3- Gearlng %-As Ihe charity does not have any loyn8 thi8 malric dog8 rt apply. Metric 4 - EBITDA MRI Interest Cover % - AS mentloned In mgtrlc 3 abow the charliy does not have any debt and Ih8Tefore this metric does not 8ppIy. Metric 5 - Hèadllné Social Houslng Cost - Based on total charitable activity costs together with support costs less d8praci4tion, and capitalls6d major repRlrs', dlvlded by room rather than house. This Cost is £42,67912024.. £35,455} per roomlunSt. Mètrlc 6a - OperalSng Margln {soclal hou5ifig lellings} % and Metric 6b Operating Margln loverg11l V, In 2025 an operating deficil was made, lettings and overall being the 5am& figu8 this y&8r. thtsrtsfor¢ thls m6tri¢ l9-14%12024: -7.4}. Mèlrsc 7- Return on Capitsl Employgd % Cuirent year deflclt resulled in -8%12024.'.3% opgraling deficltl. Th8 Charfty complles vlth the Governance Bnd Financial Visibility Stsndard i&8ued by the Homes and ComTllunilies Agency Insofar 8s It applles to organlsalions of the size of thi3 one.
AVOCET CARE & SUPPORT LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for future perlods Due tts thè contlnued downtum In rè91d8nt numbers at our Shell8Ted Houslng Scham&s 8 plan has been put In place lo earry out a vi8blllly study and thls wlll bè presented lo the Board mSd year. Thls wlll then Influ•ncè lh8 dèclsltsn wSth regard to th&se prortIeS and serv1S going forward. The charity will also continue lo develop Sl GeoTges House a5 a Dementia focused service, providing additional training and development for staff and reviewing and updating the environment. We a180 plan to change the home back Into a 26 bed home, which il is registered with CQC for. This wTrll in¢re8$e revenue for the charity. 11 was d8cid8d to sot void's oneè again at 20% and r81)t Sncreasès by 6%. Th8 mnt Incrèaga look Into account th8 onunugd infiation8ry pr6ssur&s and assoclat6d costs. Struetura, govèrnanc• and manag•m8nt GovernSng document Avo1 Care & Support Ltd is 8 registered wmpany in England (No. 009563451, limi18d by guarant88 without sh8r8 capital and govgTn9d by its Memorandum 8nd Arti¢16s ofA$80¢i8bon dated 1710fj11969. and as amended by $p8¢ial re801ulions dated 2613198. 14108101, 31110101 and 02104104. The Charlty Is registered as a charfty wlth the Charity Commlssion (No. 2600151 and also registered with the Regulator of Soclal Houslng as a Soclal Landlord (No. H08331. The Charity was an affiliated member of ThoAbbeyngld Charity until 26 March 2024. IP Carey M O'sullwan MB Stevenson RM N Callon TN Cass Recrullment. appglntment and tr#lnlng gf now trust••i The Charity look on 8 new Trustee in Nov$mbor 2023 and Is currentty stlll looking to recruit new Trustees. Despite efforts b¥ing made few p8opl$ fomord and tha chArtty contlnues to have vacancies. Organlsatlonal strueturè Tha Ex&cutlve Committee meets on a regular basis and are available thould a meeffing be necessary for any uryent matters. The C.E.O attends these meeting8. The Executive Committe8 18 SUPPOrted by s8nlor siaff employed by ihe Charity.. the Support Manager, Operations M8n3ger and thè Managèr of St. Gèorges House. Allhough they do not attend executive m8elin9s, they 8Te avai18ble should the need arise. Each aspect of the Charity's business IB regularly reviewed and 8ny ¢hang88 in policy are fully debated and agreed. The Trustees assist wilh many m8ttgrs induding monltr)rlng of budgèt &xpenditure as well as development of policy and proc9dufg. Th9 Charity amploys up to 4r) staff whlch provlde managementladministrative support, Sheltered House seNéces Ilncludlng out-of-hours Carellne r&sponse}, personal caie services, deaning and main18nancg.
AVOCET CARE & SUPPORT LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Stat•mont ol trustees. responslbllltles The Irus1888 (who are 8180 dir8Ctors of Av0¢8t Cara & Support Ltd for thè purposès of company lawl 8f8 responsib18 for prèparing th8 Report of The Trustèes and the financial statem6nls In accordanc& th appllcablè law and United Klngdom A¢eount Standards Iunlled Kingdom GenerallyAccepted Accounting Practice). Company law requires Ihe Iruslees to prepare financial statements for each financial year which give a true and fair vlew ol the state ol affairs of the charitable company and ol the incorning resources and application of resources, Including the income and expenditure, of the chaiitable cornpany lor that period. In preparing those financial slatemenls, the trustees are require(I lo sèlèct sultable accountlng pollc18s and then apply Ihem conslslently- observe the methods and principles in the Charity SORP., - make judgements and estimates Ihat afe reasonable and prudent- prepare the financial statements on the going concern b88is unless il is in8ppropri818 lo presume th81 the charitable company will continu8 in buslness. Tho l¥ustees ar& responsible for keeping proper aceounting records whlch dlsclose wSth reasonable accurary at any limo at thè finan¢l8I positlon of the eharllable company and lo enable them to ensure that the finarla1 statements comply with thè Companles Act 2006. They are also responsible saleguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Irusle8s are aware: Ih8T6 Is no fèlèvAnl 8udtt infom18tion of whlch th& eharit8ble company's audStors ar8 unaw8re' and the Ifijstees havè laken 811 SpS that they ought to have taken to make themselves aware of any relevant audll nformauon and to establish that the audltors are aware of that informauon. Audltor In accord8ncé wlth the compBnVs artlcles. a iesolutlon Proposlng that Rlckard Luckln Llmlted b8 reappolnted as auditor of the eompany will be pul at a General Meeting. Dlsclosure of Informatlon to audltor Each of lh9 trusl88s hag confirmèd th8t thgrè Is no Informatlon of whlch th6y Bre awar8 whlch Is rèlevant to th8 au¢Jil, bul of which the auditor is unaware. They hove further confimied that they have taken appropriate steps to identlfy such relevant Informatlon and to establlsh Ihat Ihe auditor is aware ol such Informatlon. Thls report has been prepared In accordance wlth the Slalemenl ol Recommended Practice applicable lo charflies preparing their accounts in accordance wilh the Financial Reporting Standard 102 applicable in Ihe UK and Republic of Ireland and in accordance with special provisions ol Part 15 of Companies Act 2006 rel8ting lo small enlits'8S. The Irusle88' r s approve by the Board of Tru8lees. IP Carey Date: .....
AVOCET CARE & SUPPORT LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AVOCET CARE & SUPPORT LTD Oplnlon We have audited the financial slalements ofAvocel Care & Support Lld Ith&'ch8riVI for thè ye8r ended 31 Mah 2025 which comprise the statement of financial aclivilies. the balan sheet. the stat8m8nt of cash flows and nol88 10 th8 financial statements, including significant accounting policies. The financial pOrtIng fram6wtsrk that has b8en 8pplled In Ih8ir pièp8ralion is applicable law and United Kingdom Accounling Siandards, includlng Finoncial R8porting Stand3rd 102 The Fin8nci81 Reporting Standard applicable in the UK and Republic of Irel&nd Iunited Klngdom G&n&rally Acc&pl&d Ac¢ountfjng Pr8¢ti¢o1. In our oplnlon. Ihe financlal statements.. give a true 8nd fair view of the slate ot th8 Charrtable company's affalrs as Bt 31 Ma¥oh 2025 and ol Its Incomlng rgsourc88 and appllcation of re8ouTce8, including its income and expendilure, for the year then ended.. have been properly prepared in accordance wilh United Klngdom Gen6T8lly Accèpted Accounting Practirx., and hav& b6•n pr&par8d Sn accordancè vAth th8 r8quir*ments of thè Cornp8nies Act 2006, and the Charities Act 2011. Basls for oplnlon We conducted our audit in atcordan¢8 wlth In18mational Standards on Auditing IUKI IISAS IUKI} and appllcable law. Our responsibllltl@s under those 5t8ndards fiJrth8r d88crib8d in the Auditors responsibilities for the audit ol tho Iln8nclBI slBtemonts sectlon of our r6POrt. We ar8 ind6pènd8nt of tha charity in 8c¢ordancg with the ethical requlremenls that arè relevant to our audlt of tho financial sl&tèm•nts in thè UK, includin9 Ihg FRC'S Ethical Standard, and we have fulfilled our other ethical responslbilitles In accordance wlth thèse requirernents. We bellevg that the audit evidence we have obtained is sufficient and approprfate to provlde a b&sls for our opinion. Con¢lu8lon$ rg1?tlng to golng concern In auditing the financial statements. we have concluded that the trustees. usè of the going ¢on¢8m basis of accounting in the preparation of the financial statements is approprlate. Based on the work we have performed, we have not identified any material uncertainties felaling to events or ondilions that, individually or co118clively, rnay ¢a8t 8ignfficanl doubl on the charity's ability to continue as a going oncern for a p8riod of at19asl twelve rnonlhs from when the financial slalemenls are aulh0ri5ed for issue. Our responslbllltlès and thè r8sponslbllltlès of lh6 truste8s wlth r8sp&ct to golng conc8rn arè dgsciibad In thè relevant sections of this report. Other Informatlon Th& othèr inft>rm8tlon comprises tha informatlon included in thè 8nnual roport othèr than thè financlal 81818m8nls and our 8uditoVs report th6r6on. The tfusteas are responslbl8 for thè othèr information cont8ln@d within thè 8nnual report. Our opinlon on the financial slatemenis does not cover the other infomation and, except to the èxttrnt otheiSe explicitly slated in our report, we do not express any form of a88urance ¢on¢lusion Ih9reon. Our responsibility is lo read Ihg olhgr information and, in doing so. eonsidar whèther lh8 Oth8r information Is materially incon8islenl with the financbal slat9m?nls or our knowledge obtalned In the course of the audlt. or othemlse appears to bo mateii811y mFSStèt. If wè id&nlify such materlal Inconsistencles or apparent material misstatements. we are required to determlne whether this gives rise to a material misslatemenl in (he financial statemenls themselves. 11, based on the work we have performed, we conclude that there is a matsrial misstatement of Ihis other information, we are requlred lo report that fact. We have nothing lo report In this regard.
AVOCET CARE & SUPPORT LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF AVOCET CARE & SUPPORT LTD Oplnlons on other matters prÈscrlbÈd by tho Companl•s Act 2008 In our opinion, based on the work undertaken in Ile course of our audit: th8 information glv8n in thè tftJsta8s' rbport for the financSal year for which the financial statements aro pr8P8f8d, which includ8S th6 directors, mport prepared for thè purposes of company law. is consistent with the flnanel81 statements., and the directors. report included wilhin tho Iruste&s' ptsrt has begn prèpare¢J In ordanCe wllh appllcable legal requirern8rils. Mattèrs on whlch wa arn roqulr•d to roport by •xceptlon In the light of the knowledgg 8nd undgrstanding of the charlty and Its envlronment obtalned In the course of the audit, wg hav8 r1 idéntifiad malarial mi$8t8t*mènts In the directors, report Snduded within the trustees, report. W8 h8va nothing to r6POrt In respect of the followlng matters In relation lo which the Companies Act 2006 and Charitles Act 2011 requires us to report to you if, in our opinion.. adequat8 accounting records have not been kept. or rotums adequate for our audlt have not been recelved from br8n¢hes not VlSbt8d by us,. or the financial sl81gments 8rg not Iri 89reemonl with thè aceountlng records and rèturns., or rtaln dlsclosures of trustees, Temuneralion specified by law are not made., or we have r1 rec84V8d all th8 information 8nd èxplanations we Tèqulre for our audlt.. OT In addltion. we have nothlng lo ¥eport In respect of the following matter vth8re the Housing and R8generalion Act 2008 requlres us to report to you 51. In our opinion.. a salisfaclory system of wnlrol over trans8Ctions has not beèn malntalned. Ihe trustees were not entSlled lo prepare the financial statements in accordance th the srftall cornpanies regime and take advantage of the small companies. exemption8 in preparing Ihe Iru81e9s' report and from the reguirernenl lo prepare a 8lral8gic report. Responslbllltles of trustees As èxpl8in8d mor8 fully in thé statamènt of trust88s' responslbS1Sttes. tha truslees. who are also the dlreclors of the ¢hBrity ft>r th8 purpos8 of compAny law. are responsSblB for the preparallon of the financial statemenls and for being sat5sfled that they glve a truè and fair view. and for such intemal control as the trustees deterrnine is necessary to enable the preparatlon of flnanclal statements thal are free ffom material mi88laternent, whether due lo fraud or error. In preparlng the financial slatemenls, the Iruslees are responsible for assessing the charity's abillly lo continue as a going concern, disclosing, as applicable. matters related to going Concern and using the going COnM basis of accounting unless the Iruslees 9ither inlond lo liquid8t8 Iha charitabl8 Company or tt> c8888 operations. OT have no realistic allefnalive but lo do so. AudltOT'S responslbllltles for the audlt ol th• flnanclal statsments Our objectives are to obtain reasonable assurance about whether Ihg financial slalemenl8 a8 a whole are free from material misslalemenl, whether due lo fraud or error, and to ISSU8 Sn auditorf8 Teport th81 includes our opinion. Reasonable assurance is a high level of assur8n¢8 but 1$ not a guaranlea that an audSt conducted In aceordanca wilh ISA$ IUKI will alw8 dete¢t 8 m8t8ri81 mlssta16m8nt when It exlsts. Misstatements can arise from fraud or eor and 8T8 wnsid818d mat8rial if, individually or in the aggregate, Ihey could reasonably be expected to influence tha economle d$clslons of Use taken on tha basls of these flnanclal statements. The extent to whlch our procedures are capable of detecting Irregularities, including fraud, Is detailed below. Capablllty of the audSt In detectln9 IrregulaTIty. Includlng fraud We id8ntffigd 8rea5 of law 8nd r8gul8lions that could reasonably b& expected to have a materfal effecl on the ffinanclal statom&nts from our.. general commercial and sector experience,. through verbal and written communieations wlth thosè charged wllh governance and other managerneTrl,' through communication8 with legal counsel, and via inspection ol the charitable company's regulatory 8nd legal corre8pondencfy.
AVOCET CARE & SUPPORT LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF AVOCET CARE & SUPPORT LTD We discussed with Ih0s8 charged with g0man[ and othèr manag8manl thè pollciès and procedures iegarding compli8nce wilhlgws and r8gu18tsons. Wg eommunl¢ated Idenfjf16d laws and regulatlons to our team and remalned alert to any Indlcators of non- compllBncè throughout the Budlt, w8 also specSflcally conSided where and how fraud may occur wlthln the ¢haritable compBny. The potentlal effect of ih&se laws and regulatlons on the financial statements vaTi8S considerably. Flrsdy. the charftable company is subject to laws and regulation8 that direclly affect the financial statements, includlng.. the charitable company's conslilulion,. relevant financial reporting standards,. ¢ompany law., the Statgmenl of Recommended Practice applicable lo charities prep8ring e1r accounts in a¢cord8fic8 with FRS 102 leff9Ctive from 1 Jalluary 2019}', and we assess Ihg gxlenl of ¢ompli8n¢o with thèse laws and ragu181ion$ 88 part or our PTocedure8 Oll the r8lat8d finall1 slalemgnl Itsms. Secondly Ihg charilabla ctsmp8ny is Subjèct to many other laws Bnd regulatlons where the eonsequenc6s ol non- complianc8 could havè a materfal effect on the amounts or disclosures in the financial statements. for iThstance through the Imposition of fines and penaltSes. or through losses arising from litigations. We identffied the followlng areas as those most Ilkely to have such an affect.. legislalion Ilireclly applicable lo the charity sector such a5 the Charitles Act 2011 and Ihe regulatory requirements of the Charity Commission,. op8raling lic8nces regarding care.. employment legi51alion,' health and safely 189181alton', Social Housing rg9ul8lions'. tsx 1ggi818tion parlicularfy in relation lo gift aid,. d8ta proleclion regulations-, 8nli-bribery 8nd corruption legislation., 8nd th9 Care Quality Commission. Inlern8lion81 Auditing Standards IUKI IlmSt the requlred procedures to Identify non-compliance with these laws and regulaOrS to the procedures. and no procedures over and above those already noted are required. These lirnited proceduras dld not Identify any actual or suspected non-cornpliance with laws and regulations that Could have a mat8riBI ImpBct on the Ilnandal statements. In relaOn lo fraud. we perfomied the following specific procedures in addition to those already notgd.. Challenging assumptions made by man8gem8nl in 118 signifie8nl 8c¢ountlng èstim8tas In p8rticular, depreciation., Identifying and tèsting lournal 6nt¥les. in particular any entries p051ed with unusual norninal ledger account ombinalions. stsumal entrles posted by senior management, journal enlfie8 crediting cash or any rgvenue account and large year end joumals., PerfoTmlng analytlcal prOdureS lo id8nlify unexp8Cted moveménts In account bAl8ncèg which may bè Indlcallve of fraud. Ensuring that lesling undert8ken on both th& Stat&m&nt of FlnBndal Activity ISOFAI and the Balance Sheel includes 8 number of i18ms $819Ct8d on B rBndom basls., These procedures did not identity ony actual or suspected fraudulent irregularity Ihal could have a material impacl on the fin8ncial $t8t&monts. Owing lo thè Inhèr6nt 1Smltatlons of an audit. there 13 an un8voidablè rtgk thBt wè moy not hBve delected some m8tedal mlsstalements in the financial stalemgnls. ev8n though we have properly planned and performed our audit In accordance wllh Inlernalional Auditing S18nd8rds IUKI. For example, the further removed non-compliance with laws and regulation5 is from the even15 and transactions refiecled in the financial stslerngnls, lh8 lèss likely the procedures that we are rgquirgd to undertakè would identify it. In addition, as with 8ny audit. thero rèmalns a hlgh risk of non-dg18Ct(on tsf irr6gularities. as these might involve collusion. forgory, intentlonal omisslons. misr8presenl8tion. or the override of internal controls. We are not rosponsible for preventing non-compliance with laws and r8gulatlons or fraud, and cannot be expgctgd to dètsct non-complian with all laws and regulations OT avèry Incid8nce of fraud. A further description of our rgsponslbllittes is available on the Finan¢ial R$port4ng Coundl's website at.. htlps'.11 wvM.frc.org.uklauditor8r88ponsibllltles. This description forms part of our 8udltr)rfs report.
AVOCET CARE & SUPPORT LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF AVOCET CARE & SUPPORT LTD Us• ol our r•port This report 18 mad8 solely to the d)a¥it8blè comp8nWs members. as a body, in accordance with Chap18T 3 of Part 16 ol the Cornpanips Act 2006. Our audlt work has be&n undertaken so Ihal we might state lo Ihg ch8TitatAe company's membors those matters we are required to state to Ihem in an auditor's rgport and for no other purpose. To tho fullèst èxtent pemiltted by law, we do not accept or assume respon8lbility lo anyon8 othèr than the charltabl6 Company and the charitable company's Mernbe as a body, for our audit work, for this r&port. or for thè opinions w& have formed. Caroline P8ters IS8nior Statutory Audltorl for and on behalf of Rlckard Lu¢kln Llmlt•d Chartered Ac¢ountants st•tutoryAudltor 1st Floor County Hou3e 100 New London Road Chelrn8ford Essax CM2 ORG
AVOCET CARE & SUPPORT LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr8strlcted R•slrlcted lund¥ fund$ Total Unr88trlct8d Rgstrlctod funds fund$ Total 2025 2025 2025 2024 2024 2024 Notes Income from.. Donatlons and legacles Charitable 8¢tiviti8s Inv&stments 706 1.745.171 11,457 457 1.855,780 12,248 457 1.855.780 12.248 1,745.171 11.457 Total Income 1.757.334 1,757,334 1,868,485 1,868,485 Expandlture on: Charitabl8 aclivi119g Exceptional item 1.991,918 {209,8371 1.991.918 {209,837} 2.006.788 2.006,788 Total expendlture 1,782,081 1,782,081 2,006.786 2,006,788 Net expendlture 124,7471 124,747) 1138,303 1138,303} Transfers betWg8n furKIs 131.492 1131.4921 Net mov•m•nt In funds 11 106.745 1131.4921 124.747} {138.303} 1138.3031 Rèconclllatlon of fvnds.. Fund balances 81 l April 2024 2.531.379 1.440.897 3,972.276 2.669.682 1.440,897 4.110.579 Fund balances #t 31 March 2025 2.638,124 1.309.405 3.947.529 2,531,379 1,440,897 3.972,276 The slalement of financial 8cllvllies In¢ludo$ 811 galns and losses recognised In ihe year. All income and expendltuie deriv? from ¢onlinuinu a¢tivitlès. 10-
AVOCET CARE & SUPPORT LTD BALANCE SHEET AS A T 31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assats 13 2.792.965 3.430.277 Current a898ts Deblois Investments Cash at bank and In hand 14 15 20.191 749,531 534,985 69.701 607,618 1,304,707 677.319 Cr•dltor&: arnounts falllng due wlthln on• year 17 1150,1431 1135.3201 Nèt currènt •SSgts 1.154.564 541.999 Total ass•ts l•%s current liabilities 3.947,529 3,972.276 Net a880ts oxcludlng panslon Ilablllty 3.947.529 3.972,276 The fundB of the charlty Reslrlcted income funds Unreslricled funds 1,309.405 2,638,124 1,440,897 2,531,379 3,947,529 3.972.27fj Thesg financial slalemenls have been prepared in aecordan¢è wllh the provi8rons appllcable to compani88 subject lo the sm811 Companies regime. The financi (7...... 7GZ nis were approved by thè trust888 on .. ... .. arèy Company r8gi8tralion number 00956345 (England and Wales)
AVOCET CARE & SUPPORT LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 NoteB Cash flows from operating actlvStlos Cash absorbed by operations 23 1902.4981 1145,5931 Investlng actlvltles Purchase of tangible flxÈd assèts Proceeds from dlsposal of tangible flxed assets R9paymenl of grant Investment Sncorne recelved (100.0591 1,050,000 1131,4921 11.457 12.248 Net cash g•nerated from Snvestlng aGtlvltle 829.906 12,248 Flnanclng acllvSlles Repayment of bank loans 141} 11201 Net cash used In flnanclng actlvltles 1411 11201 Not d•crease In cash and cash equlvalents (72.6331 1133.4651 Cash and cash equivalents al beginning of y8ar 607,618 741,083 Cash and cash equivalentB at •nd of year 534.985 607,618 12-
AVOCET CARE & SUPPORT LTD STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Crltlc•l ac¢ounllng estlrnateB and Judgements In thè application of Ihg oh8rity's aK)unting policies. the trustees are foqulrèd to make judgements, estimates and assumptlons About the corrying 8mount ol assets and liabilities thal are not readily app8rgnt from other sources. The estlmBtes and associated assumptions are based on historical expeilenc8 8nd oth8r f8Ctors that are conSided to be relevant. Actual results may dilfer frorn these estsmates. The eslirnales and underlyng assumptlons are r8vièw8d on an ongoing basis. Revisions to accounting estimates are recognised in the period in whlch the estlmat8 Is rgVi89d where the revision affects c4)ly Ihat pe¥iod. or In the period of the rèvision and lutur8 periods where Ihe revision affects both currant and future periods. Accountlng pollcte8 Charlty Informatlon Avocet Care & Support Ltd Is a PFlv8t8 company Ilml¢ed by guarantee incorporated In England and W819s. The registered oifice is West Sulle. Cottls House Lock5 Hill. South Slreel, Rochfoid, Essex. SS4 188. 2.1 A¢¢ountlng conventlon The financSal statements havè b8èn pr8p8r&d in accordance with the charftys memorandum and articles, the Cornpanies Act 2006, FRS 102 "Thè Financial Reporting Standard applicable In th6 UK and Republic of Ireland" I'FRS 102.1 and Ihe charleS SORP "Accounting and Reporting by Charitl&s.' Statsmenl ol Recommended Practice applicable to chafilles pr&paring Ih8ir awounls in accordance with the Fin8n¢ial Reportlng Standard applicable in the UK and Republltt of Ireland IFRS 1021" leffectlve 1 January 20191. Th9 eharlty is a Public B8nefil Entity as defined by FRS 102. SORP Departure The entity is both a reglst6red charity and 8 leg5t0r8d 80cial landlord. The trustees hav8 optèd lo produce financial statements under the Charily SORP rather Ihan Housing SORP because It Is judged th1$ SORP is more appropriate for Providing the detalled information to th9 mgmbers. The financial statements are prepared in sterling. whlch Is tho fun¢tlon81 currency of the charlty. Monot8ry amounts In Ih8S8 fin8n¢ial slalemenls are rounded to Ihe nearèst £. Th8 Iln8nclal 8ts1ements have been prepared under the hlstorleAI cost Convention. The principal accounting pollcles adopted 8r8 $61 out below. 2.2 Golng concern At the lirne of approving the financial statements. the trust88s have 8 reasonable expectallon Ihat the chaTity has adgquale rgsources lo continue in operational existence for thfy foT8seeable future. Thus the trLBtee8 contlnu6 to adopt the going concern basis of accounting in preparlng th8 financial 8talern8nls. 2.3 Charltable funds Unrestrlcted funds are av8llab19 fw usè al thg discretion of the trusleas In furlhw8neè of their chartlable objectives. Restricted funds are subject to 8Pgcific Conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds arè sgl out in th& notes lo the financl81 statemant8. Endowment ftJJ)ds arè subjèct to sp8¢ific conditlon8 by donors that thè capSt81 musl be rnaintain8d by the chorSly. 13-
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Icontlnued) 2.4 Income Income Is recognised when the charity is lèg811y antllled to It aftèr any performance conditions have been mel, th& amounts Can be measured reliably, 8nd it is probable that income will be reived. Cash donations are recognised on receipt. O¢hor don8tlons arg r6cognlsed On the charity has been notified ol the donation. unless p8rfomiancg condllions requlre deferral ol the amount. Incorne tax recoverabl8 in r8latlon to donations received under GIftAld or daeds of cov8nant Is recognlsed al the lime of Ihe donation. Lg98cles ar8 iecognlsed on eipl or Oth81e if Ihg Charity has bèèn nrIed of an Imp8ndlng dL8lrlbutlon. th& amount Is known, and receipt is expected. If the amount Is not known. the legacy Is tiealed as a contlngent asset. 2.5 ExpeftdKur• Expenditure 16 recognised once Ihore is a 18g81 or constructlve obligation lo transfer e¢onomlc b8n8fil to a third party, il 18 probable that a Ir8nsf$r of economlc benefits will be requlred in 3ettlem8nl. and th8 8mourht ol ihe obligation Can be rn895ured rellably. Exp8nditurtr 1$ classlfled by activily. The costs of eath activity are ma(le up of the total of dir1 cosis and shared costs, Includlng support costs involved in undertaking 68ch activity. Dlrect costs atlributable lo a single activity are allocated directly to that activity. Sh8¥8d St8 which contiibute to more than one activity and Support eosts whioh are nol attributable lo a singl$ activlty arè apportioned beeen those aclivitigs on a ba818 conslstenl wllh the use ol resourc88. C8nlr81 518ff costs are allocaied on the basis ol lim8 spent, and deprecialion ¢harggS 8re allocated Dn the portion of the assets u88. 2.6 Tanulbl8 fixed assets Tangible fix8d 88sets arè Inlllally measured al cost and 3ub8equenlly measur011 at cost or valuatlon. ne( of depreci8lKTrn SI 8ny ImpBlrment losses. Depreciation is recognlsed so 89 tt> 116 off the cost or valuation of a8se18 les8 their rgsidual v8lu8s over Ih&lr useful lives on the l011gwing bas$$.' Freehold buildings Fixtures and fittlngs 2% straight line 10Y¢ reduclng balance The gain or loss arising orb the dlsposal of an asset is delermingd as thè difference betsveen the sale proceeds and the carrying valu8 of th& Bsset, and is re¢ogni88d in the 8tatèmant of flnandal activities. 2.7 Impalrment of Ilxed ass•t$ Al each reporting end dale. the ch8rity roViS th6 carrylng amounts of ils tsngible ass8ts to detèmlne whether there is any indication that those assets have suffered 8n impairment loss. 11 any such indallOn exists, the recoverablg arnount of Ihe asset is eslimatsd in ordor to determlne the extent of the impairment loss {if any). 2.8 Cash and cash •qulvalent¥ Cash ond ehsh oqulv&lents include cash in hand. deposlts held al call with banks. othar short-term Ilquld investments with original maturitles of three months or less, and bank overdrafts. Bank overdrafts are shown wlthln borrnyings in current li8bllitlè9. 14-
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 Aceountlng poll¢le Icontlnued) 2.9 Flnanclal Instrumènts Th8 charity ha8 elected lo apply the provlsions of Secllon 11 'Baslc Flnanc181 InslnJm9nts' and S8clion 12 'Oth8r Financial In8lrumenls1ssues' of FRS 102 to all ol ils financial instruments. FlnBnclal Instrumènts rg¢ognl8gd In thè charity's balance sheet when the charlly becom&s paty lo Ihg contraclual provlslons of the Instrumoril. Financial assets and liabilities are oftsel, with Ihe nel amounts presented In th8 flnanclal 818lemenls, when there Is a18g811y gnforceable right to 8el off the recognised amounts and there Is an Intentlon tg 88ttle on a net basls or to rèalisè the ass81 and s8tt1e th8 liability sirnultaneously. Beslc Ilnanclalassots B851¢ financial assets, which include deblofs and cash and bank bhlances. are ini118lly measured at transaction pricg Including transaction costs and are subsequently carded at amortised eosl using the effective Interast mothod un185s th9 8rrangemenl wnslilules a financing transaction, wher6 thè Ir8ns8ctioll is measured al the present value of the future r6celpts dl$counted at a market rate of interest. Financlal ass&ts classffied as receivable within one year are not amorti86d. 8*si¢ financlal Ilabllltles Basic financial Ilabiliti&s. including cr8ditr&r$ 8nd bank loans 8Te initially recognised al transaction prica unlgss the arrangement conslllules a flnanelng transactlon. whgre the debt instrument is measured at th& presènt value of Ihe future payments dlscounted at 8 m8rk81 rato of in¢8rast. Financial liabilities classified as payablo within one year are not amortised. Debt Instruments 8rg subs8qugnlly carried 818morti8ed 81, usiThJ the effectlv& Inler&st rate mèthod. Trade creditors are obllgotlons to pay for goods or sèrvi¢88 that have been acqulred In Ihe OrdIn coursè ol operations from supplSers. Amounts payab16 arè classifiad as current liabilities if payment Is due within ong year or less. If not, they are presented as non-current Ilabllltiès. Trade Creditors are recognised inStlally 8t tr8n88Ction price and subsequently measured al amortlsed cost usln9 thè offtsclivtr interest melhod. Dere¢ognillon of financlalliabllltles Finandal liabllltlès aro d&M¢ognlsed when the charivs contractual obligatlons explre or aro dls¢h8rged or cancelled. 2.10 Employee benefits The cost ol any unuseil holiday enlillemenl is recognised In the perlod In whlch th8 8mpioy88'8 8ervices are re1v¢d. Termination benefits are recognlsed Immediately as 8n 9XPgns8 when the charity is demonstrably committed to terminate the employment of an employee or to provlde 16rmSnallon bonefits. 2.11 Retlrement beneflts Payments to defined contributlon r8tir8menl b8n8fil schgm88 are charged as an expens8 Bs Ihoy fBII duo. 2.12 Exceptlonal Items Income and 6xp&ns0s ¢la$sffied 8$ ex¢&pth'on818re 8hown separaleFy on the face of the SOFA. Income and expenses are treated Bs 8xcèptlonal In n81urè If Ihoy 8rs signific8nl one off income or expenses and ar8 not expecled to reoceur. 15
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounllng pollclo Icontlnuedl 2.13 Fund Accountirtg Funds h8ld by Ihe charity are either.. Unrestricted general funds - the8& are fvnds whlch can be used in accordance wllh th6 charltable objects at the dlscrelion of the Irusl8es. Restricted funds- Th886 are funds Testrlcted for a 8Pgcifi¢ purpose as d&flned by the donor. There Is a slngl8 reslricted fund, relallng to th& Soclal Housing Gr8nts prgviougly rèc&iv•d. 2.14 Current 4$s•t Inv8stm8nts Current asset inveslmeNls in¢lud8 c8sh held on deposit wilh a rnalurtty of threè months or more. Income from donatlons and l•gaclo9 Unrostrlcted Unre¥trlcted funds funds 2025 2024 Donations and glfts 706 457 Incomè Irom Inv86tment6 Unr•strlcted Unrestrlcled funds funds 2025 2024 Inlgr9sI receivable 11,457 12,248 Income from eharltablo actlvltles Unre$trlet•d Unro8trl¢ted funds funds 2025 2024 Re$ld8nts' (e&s 1.745,171 1,855,780 16-
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ExpgndSlur8 on eharltablè aetlvStl•$ 31 March 2025 31 March 2024 Dlr•et Cost$ Staff costs Depreciation and impairment Rètes and w8t8r Insuran Llght and heat Telephone Postage and st8tlon8ry Sundries Provislons and housèhold supplies Catering Agency staff Repalr$ and malnl8nance Training Computer and $oftw8re 845.115 26,953 23.465 7.425 87.001 761.839 19.354 12,504 11.423 70.175 li 4.214 19 23,S71 20,754 302,476 17,830 92,731 9.888 20.324 5,362 247 26,655 21,951 216,111 78.443 310.874 6,156 7.711 1,481.706 1.546.805 Sharo of 8UPPOrt and g(wernonce cost¥ {Bee note 7) Support Govemance 475.147 35,065 429,190 30,793 1.991.918 2,006.788 Analysls by fund Unrestricted funds 1,991,918 2,006.788 Support ¢o¥ts allocated to actlvltlos 2025 2024 Staff costs Depreciation Rent and SeNic& charggs nsurance Telephone Pogtagg and 81ationary Sundries Repalrs, renewals and cornpuler expenses Training Legal and professional fees 88nk charges and mortgage Govemance costs 323,046 1.745 32,144 39,242 649 4.280 12,804 1,686 929 59,891 11,2691 35.065 302,676 1,938 31,923 35,028 1,576 4,423 6,626 7,976 486 35,123 1,415 30.793 510,212 459,983 17-
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Exceptlon41 Itèm Unr•strlct•d Unmstrictod fund8 funds 2025 2024 Nel profil on dl8p03al of tangible fixed assets 1209.8371 Durlng Ihe year the chailly dlsposad of on& of Its sh8lt8r8d housing propertles. Included within thls figure Is a repBym6nt of a Soclal HousSng Grant to Homas England. Trust808 None of Ihe trustees lor any p8Tsons connected wlth Ih&m) rec8lvèd any r8munèr81ion or b8n8fits frorn the charity during the year. There wer8 no Iruste8s' expenses paid foT the year ended 31 March 202512024: £nll}. 10 Employ¢o8 The average monthty number of employees durfng the yearwas.. 2025 Numbgr 2024 Number 44 45 Employm•nt co•ts 2025 2024 Wages and 8al8ries Social securily costs Othér pen8ion cost8 1,075.445 56.626 36,090 960.T41 73,252 30,522 1,168,161 1,064,515 The number of &mployee$ wlws& annual rgmungration was moTe than £60,000 Is as foltows.. 2025 Numbèr 2024 Nurnbor £70,00010 £80,0(KJ 18-
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Émployoe¥ Icontlnuedl Ramunèratlon of kèy management personnel The remuneration of key management personn61 was 88 follow8.. 2025 2024 Aggr9gatg cornpensalion 70,583 68.500 11 Net movement In funds 2025 2024 Th8 nèt movement in funds is slated after charglngl{credltSngl'. Fees payable ft)r thfy oudil of Ihe chartty's financial statements D8precialion of owned tangible ftted assets Profit on disposal of tanglble flxod ags9ts 16,380 28.698 1209.8371 14.000 21,292 12 Taxatlon The charlty is exempl from t8xion on 118 activities because all its income Is 8ppligd for charitable purposes. 13 Tanglbla flxed agsots Freohold Flxturnb and bulldlng$ ttlng• Tolal Cost Al 1 Aprll 2024 Additions Dlsposals 3,683,035 561,299 4,244.334 100,059 100,059 1639.3901 1839.3901 Al 31 March 2025 2,843,645 661.358 3,505,003 D•prclatlgn and Impalmient At 1 Aprll 2024 Depreciation charged In the y&ar Ellmlnatèd In resp9¢1 of disposals 402,794 2.844 {130.7191 411,265 25.854 814.059 28,698 1130.7191 At 31 March 2025 274.919 437,119 712,038 Carrylng amount At 31 March 2025 2,568,726 224,239 2,792.965 At 31 Mar¢h 2024 3,280,243 150,034 3,430,277 19-
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Debtors 2025 2024 Amounts falllng dug wlthln one y•ar: Trade debtor8 Other debtors Prepayments and accrued income 27.121 2.211 40,369 1.718 18.475 20.191 69,701 15 Current assot Invostments 2025 2024 Unlisted investments 749,531 Current asset Inv&stm&nts Includ8s monlgs hèld In a¢eggslbl8 bank a¢wunts with a rnaturity of three months or more and not used for everyday OP6rafjno costs. 16 Loans and overdrafts 2025 2024 Bank loan8 35 76 Payable within one year 35 76 The mortgage Ss secured wlth a fixed charge over the fraelM)Id IBnd Bnd bulldlng9. 17 Credltors: amounts falllng du• wlthSn ono y•ar 2025 2024 Noto8 Bank loan$ Other laxallon and social securfty Trade credllors Other cr8ditOTS Accruals and deferred Income 16 35 16.527 61.369 16,176 56.036 76 16.266 86,279 4.040 28,659 150.143 135.320 18 Rotlrement bengflt schgm88 2025 2024 Doflntrd contrlbutlon schemojj Charg8 lo profil or loss in réspect of dafined contrlbuuon sch8m&s 36.0 30,522 -20-
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 R•tlr•m•nt bèndlt $chem•8 Icontlnuodl The charity operates a dellned contrfbution ponsion schem8 for all qualifying employees. Thè 8SS8ts ol the Bcheme are h&ld separal&ly from thos• of th& charity in an ind8pendently administered fund. 19 Unrestrlcted funds Th8 unreslricl8d funds of the charity comprise the Llnexpended b81anc8s of donation8 and grdnts which are not subleet tr) specific condlticins by donors and gr8nlors as lo how they may be used. These Include deslgnaled funds whlch have been set asldè out of unr881ricled funds by the trusle&s for specllic purposè3. At 1 Aprfl 2024 Incoming resource$ Resources oxpended Transfors At 31 March 2025 General funds 2.531,379 1,757,334 11,782.0811 131.492 2.638,124 Pr8vlous ygar: At l Aprll 2023 Incomlng resource Resources expendod Transfgrs At 31 March 2024 General funds 2,669.682 1,868,465 12,006,788) 2.531,379 20 R•$trlct•d funds The reslrfcted funds of the charity comprise Ihg unexpended balances of donations and grant$ hgld on trust subject to speclflc condlllons by donors as to h(>w they may be used. At 1 Aprll 2024 Tran$f•rty At 31 March 2025 SHG grant 1.440,897 1131,492) 1.309,405 Prevlous year: At 1 Aprfl 2023 Transfor8 At 31 March 2024 SHG grant 1,440,897 1,440.897 SHG Fund rèl8t6S to th8 Social Housing Gr8nls rgceived by the charity. The funds ar8 hald as part of the charity's freehold propertles and ar6 to be relnv8stÈd in soci81 housing on sale ol these propertles wlthln three years or repaid at that time. During the year the charity sold one of its social housing propertles and m8119 a fgpayrnent lo Hom& England of the grant attached to it. This is reflected In transfers during th8 yè8r. 21
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Analysls of n•t assets between funds Unrestrlcted funds 2025 Re8trlcted funds 2025 Total 2025 At 31 M#reh 2025: Tangible assets CuTr8nt Bss6tsllllabllltlesl 1.483.560 1,154,564 1,309,405 2,792,965 1.154.564 2,638.124 1.309.405 3.947.529 Unrnstrlctsd funds 2024 R•strlcted fundB 2024 Total 2024 At 31 March 2024: Tangibl6 assets Current assetsllliabili11gsI 1.989.380 541,999 1.440.897 3.430,277 541,999 2.531.379 1,440,897 3,972,276 22 Analys18 ol chang95 In nèt lund8 At l Aprll 2024 Caih flowiAt 31 March 2026 Cash al bank and in hand 607,618 172.6331 534.985 Loans falling du& within one year 1761 41 {351 607.542 172,5921 534,950 -22-
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 CAsh •bsorbad by op0rAtlon8 2025 2024 Deficit for the year 124,7471 1138,3031 Adjustments for: Investment income recognlsed In st8tèmont of ftnandal actlvlttes Gain on disposal of tangible lixed assets Cash on deposit included wlthln current asset Investm6nts D8pr6ciatlOll 8nd impairment of tangible fixed assets 111,457} 1209,8371 1749,5311 28.698 112,2481 21.292 Mov•m$nts in worklng capllal: Decrease in ¢JebloTS Increaselldecreasel credito 49,512 14.864 3,126 119,4601 Cash absorbad by op8ratlon$ 1902.4981 1145,5931 -23-