Charity Reglstratlon No. 260015 Company Reylstrallon No. 00956345 (England and Walesl AVOCET CARE & SUPPORT LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 RickardLuckin
AVOCET CARE & SUPPORT LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees IP Carey M O'sullivan MB Stevenson RM N Callon TN Cass Secretary Rogers Senlor management M Rogers Chief oxeculNe officer Country of incorporation Unilgd Kingdom {England and Wales) 00958345 Charlty registration England and Wales 260015 Reylst8Md office Vvesl Suilg. Cot118 Hou58 Locks Hlll South Street Rochtord E88ex SS4 1BB Auditor Rlckard LU1 Llmiled 1st Floor County House 100 N8w London Road Cheknsford Essex CM2 ORG
AVOCET CARE & SUPPORT LTD CONTENTS Page Trustees, report Independent 8udilols r8POrt statement of financlal advilies 10 Balance 5heg1 11 Statemènt of cash flows 12 Notès to th8 financial statements 13-23
AVOCET CARE & SUPPORT LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 MARGH 2026 The Truste&$ (who aro also dire¢ttsrs for the purposes of the CompBnies Act) present Ihelr annual report and financial slalemen15 for the year ondod 31 March 2026. The financlal statements have been prepared in accordanc8 with the Charills M8morandum and ArtleS of Association. the Companies Act 2006, aNI the Charities SORP "Accounting and ReportirÈg by Ch8rillèg.. Stst8menl of Reeommended Pracllse applicable lo charities preparing their accounts in accordan wllh Ihe FlnancAal Rèporting Standard Applicable in the UK and the Republic of Ireland IFRS 102)" leff8ctiV8 1 January 2019}. Oble¢tlve¥ #nd a¢llvltlès The prfnupal objectives and activities of the Char¢ly in the year under review are as staled ils Memorandum of Association, in accordance with Charity Commisslon Guidance and are as follows - The Charlly Is establlshed for the public benefit for the following objecls:_ {11 Th8 rellel 8nd car8 of 81d6rly persons ol all classes suffering from the disabilities of old age or otherwise in need. (2) The spresding of Chrisllan principl8s lo 811 human relationships and Ihe application of humanitarian airns to promote the relief ol the elderly. (3) To provide further education in Ihg sph8r8 of voluntary work, soc181 work 8nd slmSlÈr 8ctlvlllès so as lo Inculcat$ the principles of good cil¢zenship. (4) Such olher purposes recognised by English law a8 charitable a8 the Charity shall dèlermlng from 14m¢ to tsmg. Slgnlfleant actlvltles and publlc benefit Avocet Cale & Support Ltd Is aware of and takes note of the charity Commission's requirements regarding ils charitable puip05e &nd11s bEnefil lo the publlc. The Charlty maintaSns sa16 And affordable accommodation for elderfy and frail elderly people who may also appreciate the companionshlp of oU)er Residents and caring staff. The Charity has Sheltered Houses offering a lot81 of 21 looms, And a Registered Residential Care Home ISI. Georges House) providing 24-hour care and support for up 10 25 re8ldenls. The Charity'3 main 80urce of inwme cotn8s from the chargès It makes to Residénts for thèlr 8ceommodalion and services. Residents mainly fully fund Ihemselv8s bul thérè Is provlslon 8vallablè for 8dntS lo bé assisted by Housing Benefits or Soaal Care contracts. The strategy to meet the Charity's charitable purposes is defined a1 reviewed by its Trustee8 and senior 81aff, with input from other staff and resldenls thernselves. 11 is a well-eslablished fa Ihal loneliness B of great concern lo many elderly people and the Charlly does all Ihal il can lo help alleviate this worry. All aspects of Health and Safely nd the provlslon ol good accommodalion are adhered lo and the Charills presence and services ar8 advertlsed lo th8 local comtnunlly. Prospectivè Residents are invited lo view the Charitys accommodation and are provkled with an approprlaiè r8nga of advice and documentalion. In particular the availability of trained and eXperiend staff and Car81ine facllllles are highlighted. The Charity has Ilnks wllh the Local Authority and other organlsalions and groups. The Charily doe5 not undert&kE direct fundraising.
AVOCET CARE & SUPPORT LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2026 Achlevement8 and performance Charlt8ble actiV4ti8B The Board of Trustees 5trfve to arhigve value for money in hi)w il deals wilh income lo en8uie that the welfare of ils Residents is Always top priority. Th8 Charlty's aims 8r8 to help allevlale lonelines8, nurture community engagement with othèr provkl&rs and provide good quality tsmploymenl for ils staff. Our Head Office moved away fr(An its Cèntr81 Southend localon into 8 mre cost effectlve pTopgrty based in Rochford. This move made cost efficiency savings for the charity allowing more of our funds lo be ploughed back into the serViS and Ihe people who usé them. St. GeorgES, bulldlng work began lo convert our unused slaff sleeping flat into 8 new bedroom lor a resldenl. Thls will increase our u8eable rooms lo 26, which lh8 home is registered foT with CQC. Also, at thls tlm8 w8 b8gan changing the house inlo a more dementia friendly environment. This included redecoration of the lounge and corridors as well as purchasing new arrn chair8 in the lounge areas. Other work, including a new conservatory, insiallation of a muiÈl In the dining aroa and more D8menlia friendly signage lo aid orientation for our residents. Works will continue as the year progresse5 to ¢onlinue to enhance th8 anvlronmenl for our residents. Unfortunately St. Margaiels House sheltered housing s6rvlcè continued to see a down lum in resKlents throltgh the year. Desplte continued marketing, and several open days. we were unable lo increase numbers. The feedback Is that thls klnd Df setv1 is no longer de55rablo as people will <her wgnl independent living with th6 security of 8 car811n8 system or residential care. Our sheltered services sit in belween bolh of these Enodels. The btsard decided that Ihe lime had come to constslt wllh the resldents and gain Ihelr agreement lo dose Sl. Margarets and move the three remaining residents lo Frank Phillips Hous9. The move was made In DeTrmber and all three r8sidenls have settled very wéll Into their new home. Sl. Margarets was advartlsed lor sale in January 2026. The house allracted a lol of Inlerost and a Sale is eurrenlly progressing. FrankPhillips House movèd from 70% to occupancy 8t th8 end of the year the year and whllsl this is th& same sheltered model as St Margaret's the properly is tnoie desirable due to layout and acsSIbIlitY. We continue to receive enqulries from prospecb've Tesiden15 for the house and currently hav8 a wailing list In place. Fire 8afely conllnued to be a priorily in tha y88r wllh fire doors bein9 replaced throughout our shellgred housing services. loft hatches belng replac with fir¥ retardant materials and cornpartmentation surveys being undertaken lo ensure both OLtI housgs ¢QtntAy wllh The Regulatory Reform (Fire Safely) Ordèr 2005 St Gaorgas House conllnued lo hold stability in resklenl numbers. The Reg151ered Manager resigned from hèr poslllom In April 2025 and the recruitment prsS began lo find a replaeemenl. In the inlerlm the seNl¢e w83 supportod by thè CEO and Support Manager ol the Charity. The position Of Registered hAanager was p6rrnarignlly filed by the Support Manager In Juna 2025. is has proved lo b8 a very successful move. 11 has been a very bugy ygar for the Charity and for meetSng il'8 aims of providing comfort and good quality care for our re51den15 81 911 liffle8.
AVOCET CARE & SUPPORT LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Financial review The resulls for th8 2025r26 year ar flnanclal position of the eompany aro as shown in the annexed financlal Slalemellls. Th8 deficlt made IrTr the year wa% £70,291 {2025 - a dèflclt of £24,74n. and reserves at thè y8ar end were £3,877,238 (2025- £3,947,529). It 18 the aim of the Charity lo ensure that il has sufficionl resetves 10.. (al Provlde htsnds to enable the Charity lo continue ils activities in the short term abSell of a $our¢e ol incolne. {bl Allow the Charity to continue to develop other services il is able to offer lo Residents. (¢1 Allow the Charity lo pursue long term capital prolects to meet the needs ol both resent and future Residents. In ciider lo meet IhesB requlretnenls IhB Charity alms to allow Unreslrkted Reserves to grow by 5Q/o to 15% of lumover per arinum.. For th8 y8ar tjndèr rèview the Charity has not met this oblective. The Trustees wlll continue to monitor and assess the Charlty's financial sllualilw. Value for Money The Regulator of Social Housing brought in new Value for Money metrics in 2018 that requlr8s all its social houslng members to consider and report on al the end of thé y8ar. The Trustees have considered the 7 metric les15 Metsic 1 Re-investment % - There has been no propetty development in the y&ar Mlh exp8ndllure focus8d on alnlalnlng assets. The reinvestmenl melric is therefore O%12025'. 0%). M6tiSc 2a- New Supply {SoeAal Housing Units} OA and Metric 2b- New SL¢pply (Non-soclal Housing Unlts} %- There hav¢ been no new units created. Ihls metric is therefore Ovll for both (2025.. 0°/ol. Metric 3- Gearlng Oh_ As the charlly does not have any loans this metric does not app]y. Metric 4- EBITDA MRI Int&r8st Cover % - As mentioned in metric 3 above the charity does not have any debt and therefore this melti¢ do08 not apply, Metrtc 5 - Hgadline SoGial Housing Cost - Based on total charitable activity costs together wlth 5UPPOrt C051s less deweciation, and capilalised major repairs., divided by room rather than house. This co8118 £52,37012025.' £42,679} per roomlunil, Metric 6a Operating Margin Isoclal housing lelling81 Vo and Metric 6b OpgFallng Margin loveialll % - In 2026 an operating deficit was made, letlings and overall being the same figures this year, Ih8Tefore this rnelTiC 18-4%12025'. -14QA}. Metrlc 7- Return on Capital Emptoyed 'h Current year deficit resulted in-2%12025.' -6% operating deficill. The Charity complies with the Governance and Financial Visibility Standard i58ued by the Home8 and Communilios Agency Insofar as it applies to organisalions of the size of thts on&. Plans for future PBrlods Our focus for the coming year wlll be lo further develop the remaining two ptvpertl98 held by the Charity. Some of th¢ proceeds of the sale of St Margarets will be earmarked to fvrtheT develop the Dementia fTiendly environmonl al St Georges House and update the interior of Frank Phillips House, lo conlinue lo provide a comfortable, safe and homely envlronmenl lor our residents. 11 was decided lo sel void'8 once again al 20% and rent InCaSe8 by 7%. The rent incr&ase took inlo Rccounl the continued inflationary pressure8 and associated costs.
AVOCET CARE & SUPPORT LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2026 Structure. governancè and managernent Govèrnlng document Avocet Care & Support Lld Is a règl$lered company in England (No. 009563451, limÉted by guarantee wilhoul share eAPital and governed by its Memorandum and Articles of Association dated 1710611969, and as amènded by 8pecial resolutions dated 2613198, 14108101, 31110101 and 021C14104. The Charity is registered as a charity with the Charity Commission (No. 260L1151 and also reglslered with th8 Regulator of Social Housing a8 a Social Landrd (No. H08331. The Charity wa8 an affiliated member of Th$ Abb8yfield Charity unlll 28 March 2024. The trustè8$, who are also the directOTS for the purpose of Company Law, and who sorved during the yè81 up lo the dale of 3lgnalure on financial stslements were.. IP Carey M O'sullivan MB Stevenson RM N CaFton TN Cass Recruitment, appolntment and traln5ng n•w trustees The Cha¥ily took on 8 new Trustee in November 2023 and is currently still looking lo recruit new Trustees. Despite efforts being mad? few people come forward and the charity continues to ha¥8 vacanaes. Organisational structur6 The Executive Gornmlttee meets on 8 regular basis and are avqilabl8 should a maèting be necessary foi any urgent m8ttèrs. The C.E.O attends these meolings. Tho Executive Committeè Is supported by senior staff employed by the Charily., tho Support Man898r, Operalions Manager and the Man8oer of Sl, Georges House. Although they do not attend execLrtlv6 meetings. Ihey are available should the need arise. Each aspect of the Charity's business is règularfy ¥eviewed and any changes in policy are fttrlly debated and agreed. The Trustees assist wlth many matters including tnoniloring of budg81 expendituie as well as dev8lopmenl of policy and procedure. The Charity employs up to 45 staff which provid¢ mRnagemenVadminislralive support, Sheltered House services (induding oul-ol.hours Carèllne response}, personal care servic&s, clèanlng and maintenan.
AVOCET CARE & SUPPORT LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 statement of trustees, respon81billtles The trustees Iwho ar8 also dlrectors of Avocel Care & Support Ltd for the purposes of ccbmpany lawl ar responsible for prepariro the Report of Tho Tiusle95 and the financial slalefflenls In accordance wlth applicable law and United Kingdom Account Sl8ndards {Unlled Kingdoffl Generally Accepted Accountlng Practice). Company law requires lh8 trustees lo prepar8 financlal stslem8nts for aach fin8ncl81 year which gwe a true and fair vlew of the state of affairs of Ihe ¢harilable cc)mpany and of th8 Incomlng resources and application of reSoUrs, Includbng the Ineome and expenditure. of the charitable company for that pgriod. In prep8llllg those financi21 ststèmènts, th6 trustees are required lo seleol sullabl accounting policies and apply them eonslslently., observe the methods and principles the Charity SORP., make ludgemants and estimates that reasonable and prvdenl., prepare the financi81 slatèmÉnts on (he going concem basis L¢nless il is inappropriate lo presume that th charitable comparty will continu& in business. then The Iruslee8 are responsible for keeping propEr acccumfjng records whlch disclose with reasonable accuracy al any Ilme al the finanrAal position ol the charitable company and to ènable them tts ensure that the financial slalemenls comply with the Companies Acl 2006. Thèy are also r88ponslble for safeguarding the assets of the charitable company and hence for taking Teasonab18 s18ps for the prévèntlon and detec.on of fraud and other irregularities. In sci far as the Iruslees are aware.. there Is no relevant audit inforrnalion of whi¢h the charitsble company's 8udltois are unaware.. and the Iruslees have taken all steps that they ought lo have tsk lo mak8 Ih8mselve8 awarè of any relevant audit nlorm8tion and to estBblish that the auditors are aware of that information. Auditor In accordance wllh the companys artles. a resolution proposlng that Rlckard Luck(n Llmiled be reappointed as audttor ol the company will be put at a General Meeting. Dlsc108ure of Informatlon to audltor Each ol the trustees has confirmed that there is no information of which thoy are 8W8re which Ss relevant to the audtt, bul of whlch the auditor is Lfnaware. They have further ¢onflrrned that they have t3k8n appropiiale slep5 to idÈnlify such relevant information and lo establish that the auditor 18 aware of such informa*¢Jn. This rgport ha5 been wepared in accordan with the Slalemenl of Recommend8d Practlc8 xppIic8b18 to chariti6S preparing their accoun15 In accordance with the Financial Reporting Standard 102 applicable in thè UK and Republic of Ireland and In accordance with speck?1 provisions ol Part 15 of Companies Act 2006 18laling lo small enlilies. The tsus tsrt was approved by the Board of Trustees. IP Carey Dale..
AVOCET CARE & SUPPORT LTD INDEPENDEl+if AUDITOR'S REPORT TO THE MEMBERS OF AVOCET CARE & SUPPORT LTD Oplnlon We have audlled the financial stslements of Avoe8t Care & Support Ltd (the 'charily'l for Ihtr y8ar ended 31 March 2026 which comprise the slalement of finan¢lal aclivilies, the balance 8heet. the statement of cash flows and note5 to the financlal slalemenls, including 5ignilicanl accounting polieles. The financial reportin9 framework that has bee appligd in their preparation is applicable law and Uniled Klngdom AccountSng Standards, inclL¢ding Financlal Reporting Standard 102 The Financlèl R8POrting Slandard 8pplicabl8 in frhe UK ènd RepublK of Ireland (Unitèd Kinwlom Generally Accepted Acctsuntlng Practi1. In our opinion, the financial slalemenls.. give a true and fair view of the stale of the ch8rilable company's affalrs a5 al 31 March 2C126 and of its incoming reSoUrS and appllcalion of resources, including its inoome 8nd expendl1u, for the yoai the end&d', have beer¢ properfy prepared in acrdan wlh UnltÉd Klngdom Generally Accopled Accounting Praellc8', havé b88n prepared in accordance wSlh th6 requirements of th8 Companies Act 2006, 8nd the Charities Act 2011. Ba¥ls for opinSon We conducted our audit in accord8n¢e with Intemationd Standards on Auditing (u IISAS lu) and appll¢gble 18w. Our respDnsibililies under Ihose standards are fvrther dèscribed in the AudiloPs responslblli118s for the gudil or the fin8n¢i81 slalements sectlon of our report. We am ind8pend8nl ol the charity in accordance wsth the ethical requir@m8n18 Ihal are relevant to our audit of the ffinancial 8tslements in the UK, Including the FRC'S Elhlcal Standard. and we have futh'lled our other ethical responslbililies in accordancè wilh th88e requiremen15. Wo believe that Ihe audit evidence we have obtained Is sufficient and appropriate lo providg a b8sl8 for our oplnion. Concluslons r•lating to golng concern In audiling the financial st8tem8nls, we have concludod that the trustees, use of th8 going concem basls of accounting in the piepar8lion of the financial stAt&ments 18 appropriate, Based on the work we have perfomied, w6 have not idenlified any malefial uncertainties relabng lo events or conditions that, indSvldually or collectively, may ca518ignlficant doubt on the chaiilys ability to continué as a wing concern for a poriod of al leasl e1ve month8 fiotn when the financlal slalemenls a aulhotiSBd for Issue. Our responsibililie8 and the responsiblliQ8s of the Iruslees with respect lo going concern are described in the r8lèvanl secllons of IhFS report. other infomiatlon The other information comprises the Informallon included In the annual report other than the financial slatemenis and our audilorfs ieport thereon. The trustees are respon5lble for the other inlomialk)n contained within the annual rèporL Our opinion on the financial stalerllent8 does not cover other information and, exp1 to the extent otherwise explicitly staled In QUT report, we do not èxptess any form of assurance conclusion th8rèon. Our responsibility is lo read tha othèr information and, In doing 80, consider whether Ihe other information is materially Inconslslent with the finanual slalemenls or our knowledgg obtalned in the cour$8 of the audil. or otherwisè appears lo be malerially misstaled. If we Identify such material Inconsislenaes or apparent material misslalemen15, we are required to delertnine whether thi8 gives rise to a m*erial misstatement In the fin8ncial slalemenls themselves. If, based on the work wè have pgrformed. we o)ndude th81 there is a malerlal tnls51alement of this other Infoirnalion, we are required to rèport that fad. We have nothing to r¢ptsrt In this regard.
AVOCET CARE & SUPPORT LTD INDEPENDENT AUDrroR'S REPORT (CONTINUED} TO THE MEMBERS OF AVOCET CARE & SUPPORT LTD Oplnlon8 on other matter8 prescrlbed by th& Companlès Act 2006 In our opinitsn. based on the work undertaken In the course of our audit,. the information given in the Iruslees, r8POrt for th8 finaneial year for which the finan?Aal slalemenls are prepared. which includes the directors, report prepared for th¢ purposes of company law, is consislenl wlth the finanal slalemenls.. and the directors, report includ8d withln th8 trustees, report has been prepared in accordance with applicable legal requirements. Matters on whlch wa are requlred to report by excepllon In the light of the knOWge and understanding of th8 charity and its environment obtained in the course of the audil, we have not idenlrfied material rnis81a18m6nl8 in the directors, report included within the trustees, report. Wè have nothing tts report in respect of the following mall8TS ui relation lo whith the CotTwanie5 Ad 2006 and Charities Act 2011 requires us to report lo you if, in our opinion.. adequate accounting records have not beén kept. or reiurns adequate for our audit have not been reIved from branches not visited by u8-, or the financial slalomenls are not In agreémènt with the> 8ccoun*'ng records and Telums., or ¢0rt8iTr disclosures of trustees, remunerallon specified by law arg not made,. or we have not received all the infomiation and èxplanations w& requi for our 8udS1. In addition. we have nolh#ig lo report in rg3pocl of the following mgtter where thE HDU51ng and Regeneration Act 2008 requires us lo report to you if, in OUT opiniori- a salisfaclory system of control over trgnsaclions has not been maintained. the Iruslegs were not entltlEd to prèpare the financial slalements in accordance with the small comp8nlè8 iegime and lake advantage of the small companies, exemptsons in preparlng the Iruslees. report and frorn the requirement lo preparè a str8tÈgic report. R8$pon8ibilitie8 of trustees As explained more fully in the sialement of trustees, r88ponsibi111I85, th8 Irus18es, who 8ra also the directors of the haiily fot the purpose of company w. are ¥esponsible for the pieparalion of th8 fflnaftclal statèmèntg and for being 8a115fled that they give a true and fair view, and foi 8uch internal eontrol as the trusto&s determine is necessary to nable the preparatlon of financial statements that are free fro material mis8lalemenl, whelhor dug lo fraud or 8rror. In prèparing the financial stalemenls, the Iiusle&s ar8 responsible for assessing the charity's abllity lo continue as 8 golng concern, disclosing, as applicable, mallers rolated lo going wncern and using the golng oncgtn basis of eccounling unless (he Irus(ees either intend lo liquidate the charitabl8 company tsr to C•8S& operalioins, OT have no realislk alternativè but to do so. Audllor's responslbllsties for the audit of th• flnanelal $tai•mènts Our 0.e¢lIVeS aro lo obtain iea50nable assurance about whethgr the financ1 stalemenls as a whole are free from material fflisslalemenl, whether duè to Iraud or error, and lo issue an audilorfs report that Includ&s our opinitsn, Reasonable assuranc8 is a high lèvel of assurance bul is not a guarantee that an audil conducted in accordance wilh ISAS IUW wÈll always delecl a material misslatemenl when It exists. Misslal8menls can arise frorn ffaud or error and are consldoiod material if, individually or in the aggregate. they could reasonably be expocted lo influenc8 the economic deThsion5 of users taken on the basis of these financial stalernenls. The exlent lo which our piocèdur88 8rÈ capable of detecting irregularities, including fraud, is detailed below. Capablllty of the aL1t In detecting irregul#rfty, Ineludlng fraud We identified areas of law and regulation3 that could reasonably be Expetled to have a material effect on Ihe financlal stalemenls frorn our,. general commerdal and sector eXpernce- through verbal and wrillen communlcations with those charged with goverllanco and tsthèr management., through communications with legal counsel. and via inspection ol the charitable Companls regulatory and legal corresponden.
AVOCET CARE & SUPPORT LTD INDEPENDENT AUDITOR'S REPORT {CONTINUEDI TO THE MEMBERS OF AVOCET CARE & SUPPORT LTD We discussed with those charged with govem8nce and other management the polides and procedure8 Tegarding compliance with laws and regulations. We communlcated 1delltted laws and regulations lo our team and r6m8ln8d alert lo any indlcator5 of non- compliance throughout th8 audrfc, w8 also specifically consldered where and how fraud may occur wlthln th8 ch8ritablè company. The potential effect of these laws and regulations on thè financial statements varies conslderably. Firstly, Ihg charitable company is subj9cI lo laws and reglatIonS that directly affect the financial statements. including.. the charitablè company's con51ilulion- rolevanl financlal reporting standards,. company law.. the Statement of Recommended PrtiCe appllcable lo charities preparing their accounts in accordance with FRS 102 (Èffective from 1 January 20191.. and w8 assess the extent of Gompliance with these laws and regutionS as p8rt or our procedurès on thè relatéd financial statement items. Secondly the charitable company is subject to many oth8T laws and regulations where the consequences of non. ompliance could have a material effect on the amounts or disdDsure$ in the financial 5talemenls. for instance ihrough the imposition ol fine5 and pen8llie8, or through losses arising from lilig8tions. We identified the following areas as those most likely to have such an affeGI.' legislation directly applicable lo the ch8rlty sector such as Ihe Charilies Aot 2011 and tha regulatory requirernenls of the Charlly Commission", operating licences regarding care., employrnenl legislation-, health and saf81y legislation,. Social Housing regulallon5,' tsx legi81alion particularly In relation lo gift aid,, data prolectlon gUlations,. anli-bribery and corrupllon legislation., and the Care Quality Commisslon. Inlematlonal Audhlng Standards IUKI limit the required procedures tts idèntify non-complian wlth Ihese18ws and regulations lo the procedures. and no procedLEre5 over 8E4d atx)v8 those already noted are required. These limited procedufes dld not identify any actual or suspected non-cotllptiance with laws and regulations that could have a material impact on the financial statements. In relation lo fraud. we performed the followlng specific procedures in addition lo those already noted.. Challenglng a55umplions rnade by management in ils significant 8ecounling estimates in particular. deprer48lion', Id6nllfying and t88ting journal entries, in particular any enlrles posl¢d th unusual nominal ledger account comblnations, jou¥nal entries posted by senior management, joumal entries crediting cash or any r8V8nu8 account and large year end journals- Performing aNalylical procedL¢res to Sdentbfy unèxpected movements in account balances whkh may be indicalNe of fraud.. Ensuring that testing undertaken on both th¢ Statement of Financial Aolivily ISOFAI and the Balare Sheet includes a number of ilems selected a random basis., These procedures did not identkfy any actual or su5peclod fraudul8nl irregularily that could hav8 a maleiial impact on the financial slalements. Owlng to the inherent Ilmllalion$ of an audit. there is an unavoidable rlsk that we may not have detècted some material mi55talemenls in the financial statements, even though we havè propèrly planned and performed our audit in accordance wllh Inlernallonal Auditing Standards {UKI. For example. the furth8r r8moved non-complianEe wÉlh laws and regulations is frorn the events and t¥ansacllons reflected in tha finanel81 slalernenls, the less likety the procedures th81 we 8rè required lo undertake would idenlify k. In addition, a5 Wlth any audit, there rernains a hlgh risk of non-dètectlon of Irregul8rilies, as these might involve collusion, forgery, Intentional omissions, m15reprtr5enlalion, QT the override of Internal controls. We are not reswnslbla for preventing non-complian wlh 18ws and regulations or fraud, and cannot be expected tts detect nOOmplitTrce with all laws and regulation8 or 8vÈry Inddence offraud. A further description of our responsibKlties Is available on the Financial Reporting Council's websit8 al.. https'.11 www.frc.org,uklaudilorsresponsibNities. Thls d88cripllon forrns pgrt of our audito¢s report.
AVOCET CARE & SUPPORT LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OFAVOCET CARE & SUPPORT LTD Use of our rèport This report is mad& solely lo the charitable cornpanys members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we mighl slate lo th& ¢harilable ¢ompany's members those matters we are required to slate lo them in an audltor's report and for no other purpose. To the fullest extent permilled by law, we do not accept or assumè rosponslbllity to anyone other than Ihe charflab18 company and the charItae company's members as a body, for our audit work, for thls report, or for th8 oplnlons w8 have formed. Janln• Man$fl•ld Isonlor Statutory Audltorl for and on behalf of Rlckard Luckln Llmlted 20 JuLq lo'16 Chartared Accountants Statutory Audltor 1st Floor County House 100 New London Road Chelmsford Essex CM2 ORG
AVOCET CARE & SUPPORT LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2026 UnreBtrletèd R•strlctèd funds funds Tolal Unr•strlctèd R*strlct•d funds funds Total 2026 2026 2026 2025 2025 2025 Notes Income from.. Don8tions and legaCS Charitable activities Investmen18 206 1.820.527 21,327 206 1,820,527 21,327 706 1,745.171 11,457 1,745,171 11,457 Total Income 1.842.060 1,842,06Q 1.757.334 1.757,334 Expenditure on., Charitable aclivitles ExptIonal item 1.912.351 1,912,351 1.991,918 1209,837) 1.991.918 1209,8371 Totsl èxpondlturè 1.912,351 1.912,351 1.782.081 1.782.081 Net expendltur¢ 170,29fj) 170,2911 {24.747) (24.7471 Transfers between funds 131,492 {131,4921 Net mov•m&nl In funds 170.291) {70,2911 106.745 {131,4921 (24.7471 Reconclliatlon of funds.. Fund balances at 1 Aprfl 2025 2,638.124 1.309,4D5 3,947,529 2.531.379 1,440,897 3,972,276 Fund balance$ al 31 March 2026 2,567,833 1,309,405 3,877,238 2,638,124 1,309,405 3,947,529 The stalernent of financial activities includes all galn8 and losses recognlsed In Ihg year, A11 Income and expendllure derive from conlinuing activities. 10
AVOCET CARE & SUPPORT LTD BALANCE SHEET ASA T31 MARCH 2026 2026 2025 Nots$ Fixed assets Tangible assets 13 2,836,058 2,792,5 Current assots Debtors Inveslmtsnls Cash at bank and In hand 24,421 619,889 543,087 20.191 749,531 534.g85 15 1.187,397 1,304,707 Credltors- amounts falllng due wlthln one year 1146,2171 {150,1431 Not Current assets 1.041.180 1,154,564 Total assets less current Ilabllltlas 3,877.238 3,947,529 Net assets excludlng p•n$lon Ilablllty 3,877,238 3,947,529 The funds of tho charlty Reslricled income funds Unrestrlcted fund8 20 1.309.405 2.567.633 1.309.405 2,638,124 3,877,238 3.947.529 These financial slalemenls have been prepared In accordance wilh the provlsltsns applicable lo companies subject lo lh8 small companies regimo. Thè financl enls were approved by the ttU51ees on ..,..,.. . IP Carey Cotnpany registration number 00956345 (England and Walès)
AVOCET CARE & SUPPORT LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2026 2026 2025 Nots$ Cash flow8 from operating activltips Cash generated fromllabsorbed by) OPErallons 25 56,950 1902,4981 Investing activities Purchase of tangible flxed as$o1s Proceeds from disposal of tangibl8 fixed assets Repayment of grant Inveslmenl Income recelved 170,1401 (100,0591 1.050,000 {131,4921 11,457 21.327 Net ca8h (used inllgenerated from Invostlng actlvltle8 {48.813} 829,908 FlnAnelng a¢tlvÉtles Repayment ol bank loans 1351 141) Net cash used finan¢lng a¢tlvltle (351 (411 Net incr8aselldecrea891 In cash and cash equivalents 8,102 (72,6331 Ca8h and cash equivalents at beginning of y6ar 534,985 607,61e Cash and cash èqulvalgnts at end of year 543,087 534,985 12-
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accounting poIi¢ig CharSty Infomiatlon Avooel Carg & Support Ltd is a private company limited by guarantee Incorporated in Ellgland and Wales. The regi8lered office is Wesl Suile. Coltis House Locks Hill, South Str681, Rochlord, Essex, SS4 18B. 1.1 Accountlng conventlon The finanoal slalemenls have been prepared in accordance with th& charttrfs memorandum and articles, the Companies Act 2006, FRS 102 'The Financial Reporting Standard appllcable in the UK and RepubFic of Ireland. I'FRS 102.1 and the Chariiies SORP "Accounting grKI Reporting by Charities.. Slalemenl of Recornmended Practice applicable to charitie5 preparirTrg their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. leffeclive l January 2019}. The charity is a Public Benefit Enliw as defined by FRS 102. SORP Departure The entity Is both 8 reglstered charity a Tegislered social landlord. The trustees have opted to produce flnanelal s18lemènls under the Charity SORP rather than Hotjsing SORP because It Is judged this SORP is more 8ppropriale for providing the detailed infonralion to the members. The financial 81alemenls are prepared in sterling, which Ls Ihe functlonal currency of the charrty. Monetary amounts in Ihgse financial stalemenls are rounded lo the nearest £. The ffinancial stalernenls have been prepared under the historical c081 convention. The principal accounling policies adopted arÈ set oul below. 1.2 GIng concern Al the lirne of approving the finandal statement5, thE Iruslees have a TeaSonae expectation that the charity has adequate resources lo contlnu6 In operallonal exlslenco for the foreseeable future. Thus the trustees conllnue lo adopt the going concern basis of acc¢xJntlng In preparlng the flnancial slatemenis. 1.3 Charftable funds Unrestricted funds ar8 availab18 foi use at the discfetion of the Injstees In furtherance of th8lr ¢h8rilable oblecUv8S. Restricted funds ar8 sttblect to Specrfio conditions by donors or grantors as lo how Ifiey may be used. The purposès and us88 of the r&slricled funds ale sel out in the noles to the financlal slatements, Endowment funds are $ubl8ct to SP8dfic conditions by donors that the capital musl be malntalned by the charity. 1A Income Income15 r8cognlsed when th8 charity is legalty entitled lo il after any performance condltsons have been rnel, thè 8mounls can be m8asured r81iably, and il is probable that Income wll LE received. Cash donations are recognSsad on r8C81pl. Olh8r donallons ale recognised On the charity has been nolified of the donation, unless performance conditlons requlie deferral of the amwnl. Income lax recoverable in relallon to donations received undor GiftAkl or de8d8 of covenant is recognised at the time of the donation. Legaci8s are recognised on receipt or otherwse if Ihe charlty has been nolifi8d of an impending distribution, the amount is known, and receipt is expected. If the Bmounl 1$ not known, the legacy is treated as a nlingenl assel. 13
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Accounting pollcles Iconllnued 1.5 Exp8ndituro Expendllure is recognlsed once there 18 a legal or con6tructlV8 01glOn to transfer economic benefit lo a Ihlrd party, il Is probable Ihal a Iransler of economic benefits will b& rUIred In selll8rrt8nl, and the amount of the obllgallon can be measured reliably. Expendiknre is classified by aclivily. The costs of each actrvlty are made up of the lolal of direct costs and shared costs. including suppDrt costs involved In undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that actlvity. Shared costs which ¢¢tribUte lo more Ihan one activity and support costs which are not attributable to 8 singl8 8clivily are appDrt'oned between those activllle5 on a b855S consSslenl with the use of resgufces. Contral staff costs are allocated on the bBsi$ of lime spent, and depreciation charge5 are allocated on the portion of the a58el's use. 1.6 Tanglble flxed assets Tangibl8 fixed asse18 are inilialty measured at cost and subsequ8nlly Tll8asured at cost or valuallon, net of depreciation and any impairment losses. DtspTecAalion18 recognised so as lo write off the cosl or vèluatlon of gS8818188S their residual values over thelr Useful lives on the following bases.. Freehold buildings Fixtures and filtlngs 2% slraighl line IOWO r8ducing balance Thé gain or loss arising on the disposal of an asset is deterfflined as the difforence between the sale proceeds and the carryirKJ value of tha ass&t, and is 16cogni88d in the statement olfinanctal activitles. 1.7 Impairnient of fixod assats Al each reporting end dale, IhB chaiyty r8V*8ws the carrying amounts of its tattglble assets lo deleTmine whether there TS any indication that those assets have suffered an impalrmènl loss, If any such indication exists, the recoverable amount of the asset is estimated In order lo deleimine the exlenl of the impairment loss l¢f any). 1.8 Cash and cash equlvalents Cash and cash equivalen15 include c8sh in hand, deposits held at call with banks, othèr ghort-18rm liquid in¥eslmenls wlth oiiglnal malttrllie5 of three months or less, and bank overdratts. Bank overdrafts arè shown wlthln borrowings in current liabilities. 1.9 FinancÈal Instruments The charlly has eleclod lo apply the provisions of Sedion 11 'Basic Fin8nclal Ingtrum8nls' and Section 12 'Olh&r Flnancial Inslrumenls18sues' of FRS 102 to all ol ils financlal Instruments. Flnanel81 Instruments are recognised In the charills balan shèet whèn the charlty beoomos party to the conliactual prowlsions of the in8tsumenl. Flnancial assets and liabilities are offset, with the nel amounts presented In th8 finandal sla18menls. when thèr8 18 a18gally enforceable right lo sel off the recognised amount5 and Iheie is 8n intention to Sellle on a nel basls or lo realise the asset and settle the liability slmuEtaneously. Basic financlal assèts Basic financial assets, which include debtors and cash and bank balances, are initially measured al Iransactlon price including transaction costs and are subsequently carrd at amoFtised Ix)sl using the effective interest method unless the arrangement consiilutes a financing transaction, where the transaction is measured al the present value of the future receipts discounted at a markot rate of Interest. Financial assets dassified as receivable wllhin one year are not amortSsed. 14-
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Aceountlng pollel•$ IContinu8d) Basic liancIal liabffltities Basic financial liabilities, including erèditorg and bank10gns are initially recognised al transaction prlce unless the arrangement constitutes a financlng transaction, where the debt instrument is measured al the present value of the lulure payrnenls discounted al a market rale of interest. Financial liabilities dassified 85 P8yabl thin one year are nDt grnortÈ5ed. Dèbt Instwmènls ar8 wbsequ8nlly carried at amortised cost, uslng the effectlve Inlwesl ral¢ method. Trade ¢rodilL)i¥ obligallons lo pay lor goods or services that hava beèn 8cquired in th8 ordi¥Jary"course of operalK)n8 from suppliers. Amounts payable are classified as eurr8nl liabililles if payment Is due within one year or 188s, If not, they are presented as non-current liabilitiès. Tr8dè Crèditors are recogni8ed initially al Iransadion price and subsequenlty measured al atnortised cost u8ing fhe effective Interest method. D•recognltlon of flnanclal Ilablllfles Financial ligbililiss ar6 derecognlsed when the charfly's contr8¢lual obligatlons gxplre or are discharged or cancelled. 1.10 Employee beneflts Tho st of ar)y unused holiday entluement Is re¢ognl$ed in the period In which the employee's services ara received. Termination benefits are recognised lrrimedi&t61y 88 an 8XP8ri8È wh8n ihe ¢harily is demonstrably committed lo lerminale the employment of an eMpYe6 or to provid8 lerrnination benefits. q.11 Retirement b&nefits Payments to defined conlribution r&tlremant ben8fi18ch8ffle8 are charged as an expense as they fall due. 1.12 Exceptlonal items Income and expenses cfassified as exceptlonal are shown separately on thg face of th8 SOFA. Income and expenses are treated as excepiional In natura if thèy are slgnificanl one off income or expenses and are not expected lo reoccur. 1.13 Fund AcGountlng Funds held by the cha¥ity are either.. Unrestricted general funds - these are funds whl¢h can bo U88d In accordance with the charitable objects al the disc¥etion of the trustees. Restricted funds- Thesè 8r8 funds 188lricled for a spe[10 purpose as defined by the donor. There Is a single restricted fund, relating to the Sodal H(Truslng Grants previously received, 1.14 Current asset Inv8Stm?nts Current a56el investments includ& cash held on d*p0511 with a malurlty of three months or more. 15
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Crltical accountlng estimates and judgements In the applkation of the charity's a¢eounling polkie$, the trustees are required to make judgernents, estimatès and assumptions about the carryIg arrUnt of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other f8ciors that are consld8r8d to be relevant. Actual results may differ from these estlmatES. The estimates and underlying assumptions are reviewed on an ongoSng basls. Revlslon5 to aocounling eslimales aTQ recognis8d in the period in which the estimate is revised wh8ra the ievlslon aff8cts only that peTiod, or in the period of the revision and future periods where th6 rèvision 8ff8cls both current and future periods. Incomè from donatlons and legacies Unre5tricteil Unrestrlcted funds funds 2026 2025 Donatsons and gifts 206 706 Income from charitable activltles Unr•$trlctod funds 2026 Unr&strlcted funds 2025 Re8idenl8' fges 1.820,527 1,745,171 Income from Investments Unrestrlcted Unrestrlcted fund¥ funds 2026 2025 Inlorosl rec9ivable 21,327 11,457 16-
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Expendltur8 on eharltable activities 31 March 2026 31 March 2025 Dlrect Costs Staff costs Depreciation and impairment Rates and water Insuran Light and heal T&lephone P051age and stationary Sundries PFOVISICVIS and hLTrU8ehold Sltrpplles Catering Agency staff RepaiTE and maintenance Tralning Compulei and software 881,142 25,477 33.280 9,734 68.240 845.115 26,953 23,465 7,425 87,001 4,214 19 23,511 20.754 302,476 17,830 92,731 9,888 20,324 396 26,070 18.609 281.534 28.912 85.334 3,882 24,064 1,486,674 1.481,708 Share of support and governanee c¢)sts {see note 71 Support Goveman 398,543 27,134 475,147 35,065 1,912,351 1,991,918 Analysis by fund Unreslrlcted funds 1,912,351 1,991,918 Support costs allocatèd to actlvitie8 2026 2025 Slgff costs Depreciation Rent and Servlce charges Insurance Telephone Postage and siationary Sundries Repairs. r&new8ls and compu18r exp8ns8S Training Legal and profosslonal fees Bank charges and mortgage G0vomae costs 281,093 1,570 18,332 20.618 1,263 4,189 7,047 3,932 3,24fj 57,898 (6451 27,134 323.046 1,745 32,144 39.242 649 4,280 12,804 1,688 929 59,891 11,2691 35,06S 425,677 510,212 17.
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Exceptlonal Item Unrestrlcted Unrestrlcted fund8 funds 2026 2025 Net profit on dlsposal of langlble frAed a55els 1209,8371 In the prior year tha charlty dlsposed ol one of ils sliel(ered houslng propertles. Includèd wllhln this figure is a repayment ol 8 Soclal Housing Grant tts Homes England. TN¥tees None of the trustees (or any persons ¢onn¢cled with them) received any remun8r8tlon or benerrts froffl the char¢ly during the year. There were no trustees, expenses pald for the year ended 31 March 202612025.. £nlll. All other replated party transactions are disclosed In not8 23. 10 Employ808 The average monthly number of employees durlng the ye8r was-. 2026 Number 2025 Number 40 44 Employment costs 2026 202S Wage5 and salarigs Social securily costs otheT pension costs 1,1)04,701 113,106 44,428 1.075,445 56,626 36,090 1,162,235 1,168,161 The number of employees whosè annual remuneration was more than £80.0 is as follows.. 2026 Number 2025 Number £70,000 to £80,000 18
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 10 Employees Icontinugdl Remuneration of key management personnel The remunerallon of key management peTsonnel was as follows.. 2026 2025 Aggregate compensation 73,188 70,583 11 Net movomant In funds 2026 2025 The n¢1 nK)vtsmonl In funds Is slated 8ft6r charglngl{credilingl'. Fees payable for the audit of Ihe charity8 financial stalemenls DrecIatIon of own6d tanglblé fix6d asséts Lossllprofitl on disposal of langlble fixed assets 17,208 27.047 16,380 28.698 1209.8371 12 Taxatlon The charY Is èxèmpt from18xa0m tsn Sts 8e1lvl3 b8cause all 118 incorne 18 applied for charitable purposes. 13 Tanylblo flxèd •$$ots Freehold Flxturgs and by51dlllg8 fitllng8 Total Cost Al l April 2W25 Addittons Dlsposals 2,843,645 16,698 e61,358 3,505,003 53,442 70,140 {24,2531 124.253) Al 31 March 2026 2,860,343 690.547 3,550.890 Dgprg¢13tlon and Smpalrment Al 1 April 2025 Depr¢¢i8tlon ¢harged in the year Eliminated In respect of dlsposals 274,919 2,844 437,119 24,203 124,253} 712,038 27.047 {24,253} At 31 March 2026 277,763 437.9 714.832 Carrylng amount At 31 March 2026 2,582,580 253.478 2.836.058 At 31 March 2025 2,568.726 224.239 2.792.965 19-
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 14 D•biors 2026 2025 Amounts falllng dug wlthln on8 ygar.. Trade debtors Other debtors PreFwymenls and acuued income 3,583 3.963 16,875 1,7fe 18,475 24,421 20.191 15 Current ass6t Inv•$tments 2026 2025 Unllsled investsments 619.889 749,531 Current asset investments Indudo8 monie8 held in aCssIbl8 bank accounts wllh a malurliy of thre8 months or rnore at)d not usBd for overyday operallng c081s. 16 Creditors: amounts falllng due withln one year 2026 2025 Not Bank loans Oth6r taxatlon and social security Trade credltors Other creditors Accruals and deferred income 17 35 16,527 61,369 16,176 56,036 19,881 50,328 15,375 60,633 148.217 150,143 17 Loans and ovèrdraft8 2026 2025 Bank loan8 35 P8yatAe wllhln on8 year 35 The mortgagè Is secured wilh a fixed charge over the freehold land and buildings. Th18 has now been cleared, 18 Retlremgnt bgnefll schemes 2026 2025 D8finod contrlbutlon schemes Charge to profft or ID85 In respect of defined contrlbullon schemès 44,428 36,0 -20-
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 18 Retirement benefit schemes Icontlnuedl The charity op6rat6s a defined contribution pensi scheme for all qualifying employees. The assets of the schem& are hèld s8par8tely from those of the charity in an independently administered fund. 19 unstrICted funds The unrestricled funds of Ihe charity cornprise the unexpended balan¢8s of donations and grants whlch are not subject to specific conditions by donors and grantors as to how they may be used, These include designated funds which have been sel aside out of unrestricted funds by the Iruslees for specific purp08es. At l April 2025 Incomlng resources Resources expended Transfers At 31 March 2026 General funds 2.638,124 1,842,060 11.912,3511 2,5e7.833 Pr905 year: At 1 Aprll 2024 Incomlng resources Rèsources expended Transfers At 31 March 2025 Gen8ral fund8 2,531.379 1.757,334 11,782,081) 131,492 2,638,124 20 R8strictad fundg Thè rèstrleted fijnds of the charily comprise the unexpended balances of donallons and grants hdd on Ifusl suty'ect to specific conditions by donors as to how they may be used. At l Aprll 2025 Transfers At 31 March 2026 SHG Grant 1.309,405 1,309,405 Prèvlous yèar.. At 1 April 2024 Transfers At 31 March 2025 SHG grant 1,440,897 1131,4921 1,309,405 SHG Fund relates to the SorAal Housing Giants [e1Ved by tho charity, The fuads are held a5 part of the charitys freehold properti98 and are lo b8 relnvesled in soclal hou8inu on sale ol these propertles withln thre8 yeafs or repaid al Ihal lime. In the prior year Ihe charity sold one of 118 soclal houslng propertie8 and m8d# a repayment lo Homes England ol the grant attached toll, Ihls wa8 reflected as a tran8fer. 21
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 21 Capital commitmentB Amounts contracled for bul not provKled in the finandal slalemenls.. 2026 2025 Aoquisltion of proporty, plant ond equipment 1S,fj97 22 Analy51s of ngt assets bgtween funds Unrestrlcted funds 2026 R8stTlcted funds 2026 Total 2026 At 31 Mar¢h 2026.. Tangible assets Current assetsllli8bllltlas) 1,526,653 1,041,180 1,309,405 2.836.058 1.041,180 2,587,833 1.309,405 3,877,238 Unrestrletèd funds 2025 R8Stricted fur7ds 2025 Total 2025 At 31 March 2025: Tanglble assets Current assetslllSablllliesl 1,483,560 1.154,564 1,309,40S 2.792.965 1,154,564 2,638,124 1,309,405 3.947.529 23 Related party transactlons Transactlons wlth rèlated parttes During the year the charity entered into the following Iran8actlons with related partiès.. Anthony Jones Insurance of whlch a Iruslee is also a director. the total paid paid was £20,594 {2025 £32.887). 22
AVOCET CARE & SUPPORT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 24 Analysis of changes In net funds At 1 Aprtl 2025 CAsh fkiw8At31 Mah 2026 Cash at bank and In hand 534.985 8.102 543,087 Loans falling due within (A)e yèAr 1351 35 534,950 8.137 543,Q87 25 Cash generated fromllabsorbed byl operations 2026 2025 Deficit for the year 170.2911 P4,74n Adjustments for: Investment Incom8 r8cognlsed in slal8ment of financial activitS Galn on disposal of tanglble fixed as5els {Increase)Idecrease In cash on deposit included wtthin current asset investments D8pr8c#alion and impalrrn8ril of tangible fixed assets {21,3271 (11.4571 (209,837) 129,642 27,047 (74g.5311 28.698 Movements In working capltal.. (Increase)IdeGr¢a5e debtors (Decreasellincrease in creditors {4,2301 (3,8911 49.512 14,864 Cash generated fromllab¥orbed by) operaon¥ 56,950 1902.4981 -23-