Cintre Report and Audited Financial Statements 31 March 2025 Contents Contents . Chair'swelcome........................................................................................................................................... OurAimsand Objectives................................................................................................................................ How Our Activities Deliver Public Benefit....................................................................................................... Athievements and Performante................................................................................................................... Financial Review........................................................................................................................................................10 Reserves Policy................... li Plans for the Future 12 Structure, Governance and Management..............................................................................................................13 Statement of Trustees, Responsibilities................................................................................................................15 Auditors.....................................................................................................................................................................15 RefererbcesandAdministrative Information................................................................................................16 Independent Auditor's Report to the Members of Cintre . 18 Statement of Financial Activities .22 Balance Sheet..............................................................................................................................................23 Statement of Cash FIows..............................................................................................................................25 Notes to the Financial Statements. ..26 Chairfs Welcome l am so very proud of Cintre and what it continues to achieve. Our aim is clear, to advance by care, independence for those we SLJPPOrt who are pursuing a full part in society. This report is testimony to that objective. We were very pleased to see the expansion of Cintre House providing a further room in response to the increased demand for residential care spaces. Honeyfield View highlights our ability to collaborate and pursue new models for providing care. Our respite care continues to grow where other providers have been unable to maintain a much- needed service to many families and carers. Financial pressures continue to pervade all areas of society, and we are not immune. We have worked towards ir)creasing our income, allowing us to reward our staff, invest in them and afford us greater security. Restructuring has played a role in this as has the investment of digital systems which continue to provide staff with administration efficiency optimizing the giving of care and support. Our three-year strategy is working. However, we are not complacent and continue to monitor and review our goals within the changing face of care provision. Cintre is extremely fortunate to have an exceptional CEO leading a dedicated leadership team. As always, our core are our staff, so I was delighted to read a recent staff survey capturing many positive comments. '1 love what Cintre stands for. l enjoy the interaction with the people I support and have formed great work relationships, I feel very well supported" What a wonderful statement. You are able to follow our many stories through social media however this recent feedback from a resident illustrates the sentiment behind these experiences. '1 love where I live because I have my friend5 Wlth me and when l am feeling sad, they help me feel happy. I like the people as they help me feel safe and happy, I know I can go to them if l am worried or upset" Thank you for every member of staff who provide care and support throughout the year during each shift and to our supported members for enriching the Cintre family l am indebted to my fellow trustees for working so willingly. Their skills, compassion and expertise are invaluable in creating and sustaining our vision. I would encourage you to read this report which highlights what can be achieved through kindness and caring Marion Billett Chair of Trustees December 2025 OurAims and Objectives Purposes & aims Cintre's purpose as set out in the company's Memorandum of Association is: To workfor the public benefit with young people and adults who through reosons of capacity, mental health or other limiting conditions have difficulty in leodingfull ond independent lives. Cintre's aims are to provide support and direction to the people supported for them to.. Advance by care, education, and training, so they aspire to and acquire independence in the wider community. Develop through training and support, and from this overcome any personal difficulties in fulfilling their maximum potential, including where possible finding employment either paid or voluntary. Acquire or improve their social, personal, and technical knowledge and skills so that they may plav a full part in society and engage fully with the community in which they live. Ensuring ourwork delivers our aims and objectives. We review our aims, objectives, and activities each year as part of our annual planning activity. This review, which is carried out by our Trustees alongside our Senior Leadership Team ISLTI, looks at what we achieved and the outcomes of our work in the previous twelve months. The review looks at the success of each key activity we have undertaken and the benefits to the individuals we support. The review also helps us ensure our aims, our objectives, and our activities remain focused on our stated purposes. We have referred to the Charity Commission's guidance on public benefit when reviewing our aims and objectives and in planning our future activities. The Trustees consider how planned activities will contribute to the aims and objectives they have set. To reflect on and respond to the challenging care environment in the UK we review our progress against our objectives via quarterly Board sub-committees and adjust as needed. The focus of our work Our main objective for this year continued to be providing safe and personalised person-centered care and support enabling individuals to maintain existing skills and to develop new skills. To achieve this, we.. Continued to develop person centered support plans with the individuals sUPPOrted. This included a multi-disciplinary approach to reviews on the progress of the support received to ensure we are facilitating informed choices and empowering people supported to achieve their personal goals. Continue to develop userfriendly, personalised, electronic care planning, to capture support and care needs of individuals while giving people supported easy access to their own care planning and supporting them to be in the driving seat of the tare planning process. Ensure that an effective and appropriate range of services is 3V3i13ble to support the needs of people supported by working collaboratively and with a multi-agency approach. Continue to enhance and develop staff skills and knowledge, alongside a robust people supported need-led recruitment process. We strive to respond quickly and professionally to any changes in a person's needs with a holistic approach. How OurActivities Deliver Public Benefit Our charitable activities focus on providing sUPPOrt seNices to adults Wlth a range of complex learning disabilities and mental health support needs. The purpose of these activities is to improve individuals, wellbeing, social and personal lives, and to enable greater independence. The trustees have considered the Charity Commission's guidance on PLJblic benefit 2nd confirm that all activities undertaken during the year are in line with this guidance. We primarily support individuals in the local authority areas of the City of Bristol, North Somerset, and South Gloucestershire. Local authorities have a statutory duty to provide Adult Social Care, and Cintre delivers these services to adults referred to us. Ensuring equal access to our services is central to our work and underpins our success. The impact of our work extends beyond the individuals directly supported. It strengthens families, ability to care for their loved ones, helps individuals live within and contribute to their communities, and encourages participation in employment or volunteering opportunities. In doing so, we contribute to diversity and equality within other organizations and the wider communitv. Cintre has developed strong working relationships with local authorities, public bodies, and families of the individuals we support. This has facilitated self-referral to our services and enabled us to respond promptly to new referrals. By supporting people transitioning from hospitals, inadequate care environments, or situations where care is at risk of breaking down, we have had a positive impact on individuals, lives-preventing crises, homelessness, and reducing vulnerability to abuse in the community. Additionally, we support people to reintegrate into society, reconnect with social networks, and engage with their local commLJnities. We help individuals access volunteering and employment opportunities and encourage them to lead social activities and groups of their choice. This approach promotes social inclusion, benefiting both the people we support and other vulnerable or isolated members of the community. Achievements and Performance Graham Court and Res ite Graham Court actommodates 13 Individual Flats over 3 Floors. Number of Voids during this report period: The void at Graham court was filled in May 2024. We have been at full- service capacity from that date. Graham Court is a Supported Living Service providing 13 People Supported with the appropriate level of support as determined through the local authority assessment process. The key objectives of Graham Court are to support individuals to develop, maximize and retain skills relating to daily living, tenancy, and to support individuals with education/employment/volunteerinB and social inclusion opportunities in their community. Graham Court support is provided with a person-centered approach, ensuring the support they receive is provided to meet their individual needs and wishes. Independence or independent living can look very different for each person, but everyone is able to meet goals and set new ones as they build skills through experience and develop resilience. Graham Court Continues to deliver fantastic care and is focused on building and developing a community feel to the service. People Supported have built friendships arbd a wider Community, regular parties, Barbeques, weekly walking groups and brunch clubs are just a snapshot of the activities provided at the Service. Graham Court has an excellent working relationship with other third-party providers who also support certain individuals within the property as we believe in working in partnership desplte the competitive market ensuring that the people we support can be supported by a wider range of providers working collaboratively to meet individual needs. Res ite: Servlce Occupancy and Development During this reporting period, service occupancy has remained strong at around 60% and is moving towards 80%. In 2024, the service relocated from Links Court to a bespoke two-bedroom bungalow on Monkton Avenue, WSM. The property provides a more accessible environment with no stairs, additional parking, and both front and back gardens. The service continues to meet the needs of individuals requiring respite care outside their usual living arrangements. Oversight and delivery are provided by the staff team based at Graham Court, which is located nearby. This enables a blended staffing approach, with team members working across both Services as required. Occupancy has averaged between 60% and 80% during the period, and we are continuing to work with Social Workers and Local Authority Brokerage to further build demand. Growth is anticipated in 2025, as the closure of another Local Authority respite service is expected to increase referrals. From April 2025, all bookings will be managed directly through Cintre rather than the Brokerage team. This change will allow for greater oversight of bookings, as well as earlier and more direct communication with service users and their families to arrange stays in advance. Feedback from individuals who have used the service has been consistently positive, particularly when they have been able to participate in social events at Graham Court. These opportunities have supported the development of wider community connections. Beaufort Road Su orted Livin Beaufort Road is a five-bedroom supported living property located in We5ton-Super-Mare. Number of voids during this reporting perlod: O The key objectives of Graham Court are to support individuals to develop, maximize and retain skills relating to daily living, tenancy, and to support individuals with education/employment/volunteering and social inclusion opportunities in their community. Beaufort Road support is provided with a person-centered approach, ensuring the support they receive is provided to meet their individual needs and wishes. Independence or independent living can look very different for each person, but everyone is able to meet goa15 and set new ones as they build skills through experience and develop resilience. As the people we support at Beaufort Road are getting older our focus of the support provided is to ensure it adapts, meeting the needs that change with age. The individual supported here have well established relationships as they moved into the property together, this is very evident in the family atmosphere that they have established and the gentle sUPPOrt that they show each other. Invia-su orted Livin and Communi -Based Su ort In Via is a five-bedroom supported living property located in Kingswood, South Gloucestershire. Occupanry Number of voids during this reporting period.. O Service Objectives In Via functions as a transitional residence, supporting individuals towards independent living. The key objectives of the service are to.. Help individuals develop skills for independence. Support individuals to learn how to maintain a tenancy for the future. Encourage access to employment and/or volunteering opportunities within the local community. Community-Based Support From the Kingswood service, we also provide support to nine people with lower support needs living in the community. This includes eight individuals living independently in their own accommodation and one person remaining in the family home. Servlce Dellvery Model The blended delivery model at In Via enables staff to work across both the Supported Living Service and the Community Team. While there are some geographical limitations, this approach is proving effective for those we support. Cintre House During this reporting period, Cintre House expanded from seven to eight beds, following the completion of refurbishment works in November 2024. IPending CQC registration change which is due in May 20251 Occupanry Cintre House operated at full capacity (seven beds) from April to December 2024. One void occurred from Christmas 2024 until the end of the reporting period. This void has since been filled, with the transition planned for early in the 2025126 financial year. Service Objectives The purpose of Cintre House is to support individuals to develop, maximise, and retain skills for daily living, while also promoting access to education, employment, and volunteering opportunities. A key focus is encouraging social inclusion within the local community. Support is delivered through a person-centered approach, ensuring care is tailored to individual needs and aspirations. Independence is understood differently for each resident, but all are supported to achieve personal goals, build resilience, and set new objectives as they progress. Premises Impri)vements Significant improvements have been made to the premises, creating a more modern and accessible environment: The living room was fully refurbished. - The office was relocated, enabling the previous office space to be tonverted into a Eround-floor bedroom. - The downstairs toilet was converted into a shower room. The property was redecorated, with additional enhancements to facilities for residents. The garden is a150 being redeveloped to provide a more usable space, with plans including: A basketball hoop. A ping-pong table. - A covered seating area. A designated, covered space for smoking and vaping. Service Growth The addition of the eighth room has enabled Cintre House to respond to increased demand from Local Authorities for residential placements. A new service user is ready to move in once confirmation of the additional bedroom is received from CQC. This is expected early in the new financial year, at which point all eight bedrooms will be filled. Hone field View Honeyfield Wiew is a 4-Bedroom Supported Living Service. th Number of Voids in this reporting period: l {AEreed to delay 4 transition until financial year 25126) Honeyfield View is a brand-new Service which officially opened in March 2024. This was the culmination of 12 months of hard work with external partners. Commissioned by North Somerset, developed by the family of a person Supported, Property Managed by Golden Lanes Housing and Care Delivered by Cintre. The 4-bedroom property was redeveloped by Honeyfield Property Services into a modern state-of-art fully accessible home for up to 4 people. It includes shared communal areas alongside 4 double bedrooms with ensuite facilities. The property has a beautiful large garden, which is fully accessible. The Service has been open since March 2024 and despite the usual teething difficultie5 the service has settled, and the individuals supported are flourishing, there is a warm family atmosphere created with the people supported and individuals enjoy a full and active social engaEement in the community. There is ongoing work to enable 3 4, person to enjoy this service, and we are hopeful that the 4, person will move in in early2026. Operation5 The introduction and implementation of the electronic record keeping platforms for all services, despite a few teething problems, has proven to be very positive. There is a continued need for some flexibility in terms of the scope of records required, and we are working with the platform provider to ensure the platform can be bespoke to our needs. It ensures that Cintre staff are keeping clear records of the service provided to individuals and this is easily assessable from the appropriate headsets provided whilst GDPR regulations are not breached. We have identified over this period that further embedding consistency across all services will need to be a continued area of focus for Cintre. Safeguarding and CQC Our approach to safeguarding align5 Wlth our duty of candor to be transparent in all areas. We are consistent with submitting safeguarding referrals to local authority safeguarding teams and notifying CQC as appropriate where we believe a person's safety is or may be at risk or if harm has occurred. Concerns and complaints are received with a positive attitLJde, where learning from these has proven to be an invaluable source of driving improvements across the organization. Training We have implemented a more comprehensive induttion and training program in line with our training policyi safeguarding policy, safer recruitment policy and induction process. We have introduced a more comprehensive training platform that ensures we are able to meet the training needs of a culturally diverse workforce. Further improvements in training will include the introduction of a bespoke competency workbook ensuring competency and confidence of our workforce is demonstrated and evidenced. Local authori ualit assurance ins ections Bristol City Council We have in this period been inspected by Bristol City Council Quality Assurance Monitoring Team. The subsequent report was very positive with 4 minor areas of improvement required. These were rectified within the recommended time frame. North Somerset Councll Our North Somerset services were also inspected by North Somerset Council Quality Assurance Monitor's inspector. Although the initial findings gave us an amber rating, the work undertaken to drive improvement resulted in this being changed to a green rating within an agreed time frame. Local Authori Tenders North Somerset Council Cintre also completed and were successful in tendering to be part of the North Somerset Single Framework 2025 to 2030. Bristol City Council Cintre has completed all contract reporting documents and all returns for Social Value in line with the single framework agreement in place during this reporting period. South Gloucestershire Council Cintre has completed all contract reporting documents and all returns for Social Value in line with the single framework agreement in place during this reporting period. Financial Review l. Income Overview The charitf s principal source of revenue remains fees received from commissioning bodies primarily local authorities for the provision of residential and community-based services. During FY2025, income generated from Charitable Activities totalled £3.1 million, reflecting a robust year-on-year increase of 31%. 2. Financial Turnaround FY2025 represented a transformative year in terms of financial resilience and performance.. A surplus of £373,000 was achieved. marking a substantial improvement of 224% compared to the prior yearfs surplus of £115,000. 3. Strategic Initiatives Driving Financial Improvement A series of targeted actions contributed to the enhanced financial position.. a) Staff Cost Optimisation Deployment of a digital HR platform (Workforce) enabled improved rota fflanagement and operational oversight, delivering efficiencies across FY2024 and FY2025. Acquisition of Sponsorship Licences led to reduced staff turnover and lower recruitment expenditure. bl Cost Control Measures Ongoing review of supplier contracts to identify cost-saving opportunities. Transitioned to alternative suppliers where costs were disproportionately high, without compromising service quality. cl Operational Efficiencie5 Implementation of digital care packages enhanced data management capabilities and streamlined service delivery over the past two financial years. 4. Service Performance All four house-based services now operate on a financially self-sustaining basis. A new revenue-generating service launched at the close of FY2024 has performed strongly throughout FY2025, contributing 32% of the total surplus. 5. Fonvard Outlook Looking ahead to FY2026- Growth initiatives are actively progressing. Plans are in place to distribute overheads more equitably across service lines. The charity is on track to achieve a fully sustainable, surplus-generating financial model. 10 Cintre Cash Management Policy l. Purpose The purpose of this policy is to establish guidelines for maintaining an appropriate cash balance in the charity's main bank account. This ensures Cintre can meet its finèncièl obligations while minimising the idle funds held in the bank account, ensuring efficient Use of resources. 2. Objectives Ensure sufficient liquidity to cover operational and programmatic expenses. Maximize the return on cash balances. while ensuring low risk. Maintain a transparent and effettive process for managing cash balances. Establish a guideline for the minimum and maximum cash levels held in the charity's main bank account. 3. Cash Balance Guidelines Minimum Cash Balance.. Cintre should maintain a minimum cash balance in the rnain bank account equivalent to 3 months, worth of staff costs. This is to ensure Cintre can meet its immediate financial obligations, such as salaries, utility bills, and other regular expenses. Maxlmum Cash Balance.. The maximum cash balance should not exceed the amount required for more than 6 months of staff costs. Any surplus beyond this amount should be considered for investment in higher-yield options or allocated for future initiatives, rather than remaining as idle cash in the bank account. Example.. Monthly Staff Costs .' Staff Costs £175,000 Minlmum Cash Balance.. £525.000 Maximum Cash Balance.. £1,050,000 4. Cash Flow Monitorin8 Cash flow should be reviewed at least monthly, ensuring Cintre remains within the minimum and maximum limits. The Finance Officer or Treasurer is responsible for reviewing cash levels, forecasting future cash requirements, and ensuring the appropriate amount is held in the main bank account. 5. Surplus Funds and Investment Strategy Excess funds bey()nd the defined mèximum cash balènee should be moved into low-risk, short-term investments (such as a high-interest savings account. or a fixed term bond) or used to fund specific projects or reserves. The decision regarding where surplus funds are invested will be made in consultation with the charity's board. 7. Regular Review and Reportin8 This policy should be reviewed annually or whenever there is a significant change in the charity's financial situation or operating environment. The charity's financial status. including cash balance5, should be reported regularly (monthly or quarterly) to the board of trustees. 8. Roles and Responslbllltles The FSnance Manager is responsible for implementing this policy and ensuring compliance. The Board of Trustees will monitor compliance with this policy and review the policy on an annual ba515. 9. Compliance and Amendment5 This policy is subject to compliance with UK charity law and any other relevant regulations. Any amend￿entS to thi5 policy must be approved by the Board of Trustees. Progress Update In July 2024, Cintre launched an ambitious three-year strategy to guide the organisation's growth, quality, and impact. One year on, we are proud to report that we have made strong progress against the goals we set. A formal evaluation in July 2025 highlighted a year of measurable achievements across multiple areas.. Growth and Servlce Development Care hours increased by 14% across our services, exceeding our target and generating significant additional income to reinvest in care. Occupancy at Cintre House rose to eight individuals, with care hours increasing from 295 to 441 per week. We substantially reduced our use of agency staff - from 220 hours to just 17 hours per week - thanks to more effective workforce planning. Our supported living development at In Via progressed to the planning stage, with strong backing from local authorities and revised proposals now under consideration. Quality and Environment We completed a major renovation of Cintre House, creating a safer, more sensory-friendly space for our residents and staff. Upgrades included new décor, furnishings, accessible gardens, and refurbished communal areas, all designed with input from the people we support. Staff Training and Development A new Senior Manager has taken leadership of our training strategy. We now deliver in-house training in P8S IPositive Behaviour Supportl and Makaton, and have expanded our training offer in key areas such as the Mental Capacity Act and Medication Management. A new monitoring system is ensuring more effective oversight and continuous learning. Excellence and Advocacy We have launched work on a new media and storytelling strategy to better share the voices and successes of the people we support. Cintre was nominated for several care sector awards and strengthened links with regional and national care associations, further establishing our reputation for excellence. Looking Ahead As we approach the halfway point of our 2024-2027 strategy, we are beginning to reflect on our long-term goals and how they align with the evolving needs of the people and communities we support. In 2026, we will undertake a full strategic review, drawing on learning from the past 18 months and engaging with staff, service users, families, and partners. This will help shape the next phase of our journev ensuring that Cintre remains resilient, responsive, and relentlessly focused on delivering high-quality, person-centred care. Our vision remains clear- to build a more inclusive world where everyone, regardless of their differences, is empowered to thrive. 12 Structure, Governance and Management Governing Document The organisation is a charitable company limited by guarantee, incorporated on 22 February 1980, and registered as a charity on 4, July 1980. The company was established in 1977 as a residential home for young adults with learning difficulties. Since then it has adapted to the changing need of the people supported. Board Members and Trustees nd Members of the Board are both Trustees for the purposes of charity law and Directors under companv law. They are recruited openly from all sectors, backgrounds and disciplines to provide a balance between ski115 and experience, enabling them to give appropriate leadership and support to the charity. We are fortunate to have representation on the Board from people who have a breadth of expertise of Social care, mental health, health and well-being, safeguarding, finance, law, HR and governance, in addition to other relevant areas. Board meetings are held 5 times a year, and in addition to the Trustees these are attended by members of the Senior Leadership Team. The Board meetings are supplemented by the Board sub-committees, consisting of Trustees and Staff with relevant skills and expertise in the specific areas of focus. This continues to work very well, resulting in a positive combination of Trustee and Staff expertise and experience. Our Subcommittees & Working Parties Finance ar)d Assets The finance sub-committee meets each month to review the management accounts and maintain an overview of financial performance. This sub-committee also has responsibility for major decisions relating to our owned and leased properties. HR & Wellbeing The HR & Remuneration sub-committee meets quarterly to review remuneration, talent management, staff wellbeing, staff turnover and other statistics. Business Operations & Safeguarding The Business Operations sub-committee meets quarterly to review and input to major operational changes, and to ensure our practices are compliant with our policies. This sub-committee also reviews safeguarding incidents as necessary, and ensures the frameworks supporting safeguarding are appropriate, and that agreed objectives are being achieved. The sub-committee is also responsible for ensuring that a positive safeguarding ethos is embedded throughout the organisation. 13 Risk Management and Board Skills The Board has conducted a review of the major risks which the charity is exposed to. A risk register has been established, is discussed at each Board meeting, and is updated at least quarterly and more frequently if needed. The skills of the Board continue to be utilised to support the CEO more directly where necessary. For example, during Senior Leadership recruitment, mock CQC Inspections, on the Safeguarding Circle and Forum, and if needed chairing disciplinary panels or supporting with external matters. Cintre has continued to develop trustee induction, familiarisation, training, a skills analysis and l..1 appraisals, not only to meet existing best practice within the charity sector, but also as a result of the Care Act 2014 and GDPR requirements. All Board Members have undertaken'The Cintre Wav, induction. Operational Structure To carry out its responsibilities, the Board delegates operational duties to the Chief Executive who is supported by the Senior Leadership Team and Senior Management Team with overall responsibility for the workforce, and responsibility for delivering the charity's objectives. The structure of the Leadership, Management, and staff teams has been developed to ensure the right blend of skills and experience to deliver the charity's objectives in an effective wav. 14 ## **Statement of Trustees' Responsibilities** The trustees (who are also directors of Cintre for the purposes of company law) are responsible for preparing the Trustees' Report (incorporating the directors' report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently. - observe the methods and principles in the Charities SORP. - make judgements and accounting estimates that are reasonable and prudent. - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding 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 trustees are aware: - there is no relevant audit information of which the charitable company's auditors are aware; and - the trustees have taken all steps that they ought to make themselves aware of that information. ## **Auditors** Randall &Payne were appointed as the charitable company's auditors after the financial year end 2022. Approved by the Board of Trustees and signed on its behalf by: ## **Marion Billet-Chair of Trustees** Date: 09/12/2025 15 References and Administrative Information Company number.. Charity number.. RegiSte￿d office: 01495257 280339 Second Floor Office Dean House 94 White ladies Road Bristol B58 2QX Opwational address.. Second Floor Office Dean House 94 White ladies Road Bristol BS8 2QX Trustees.. Marion Billett-chair. Josephine Winter Andrew Hunter- Appointed 14 February 2023. Dr Nick Wilton- Appointed 28 September 2023. Steve Harris- Appointed 28 September 2023. Peter Simpson.. Appointed 28, November 2024. Key Management Personnel: Christopher Taylor Roxanna Changizi Operations Director-Appointed 30, September 2024 Danny James- Marketing & Business Development Manager Sidra Harris- Finance Manager Eugenia Skliar Quality & Operations Director Resigned 12, July 2024 Secretary: Christopher Taylor 16 Bankers.. Triodos Bank Deanery Road Bristol BSI SAS Metro Bank Onesouthampton Row London WCIB SHA COIF Charity Funds Senator House 85 Queen Victoria Street London EC4V SET United Tn l Ropemaker St, London EC2Y 9AW NatWe5t Bank 36 St Andrew Square Edinburgh EH2 2YB Auditors: Randall & Payne LLP Chargrove House, Shurdington Road Cheltenham, Gloucestershire GL514GA 17 CINTRE (A company lirnited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CINTRE Opinion We have audited the financial ststements of CINTRE Ilhe '¢haritsble company) for the year ended 31 March 2025 which comprise the Statement of financial activities, the Statement of Financial Position, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Practice}- In our opinion the financial slatemenls.. give a true and fair view of the stste of the charitable companls affairs as at 31 March 2025 and of ils incoming resources and application of resources, including its income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been p￿Pared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit of the financial slalemenls section of our report. We are independent of the charitable Company in ac¢ordan¢e with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden￿ we have obtained is sufficient and appropriate lo provide a basis for our opinion. ConGlusion$ rglating to going concgrn In auditing the financial slatemenls, we have Concluded that the Trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubt on the charitable companls ability lo continue as a going concern for a period of at least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concem are described in the relevant sections of this report. Page 18 CINTRE (A company lirnited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CINTRE (CONTINUED) Other information The other infomialion comprises the information included in the Annual report other than the financial statements and our Auditors. report Ihereon. The Trustees are responsible for the other information contsined within the Annual report. Our opinion on the financial slalements does not wver the other information and, except lo the exlenl otherwise explicitly staled in our report, we do not express any form of assurance nclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misslalements, we are required lo determine whether this gives rise to a material misstatement in the financial slalements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing lo report in respect of the following mallers where the Charities (Accounts and Reports) Regulations 2008 requires us to report lo you if, in our opinion.. the information given in the Trustees, report is inconsislenl in any material respect with the financial statements,. or sufficient acwunting records have not been kept., or the financial statements are not in agreement with the accounting records and returns,. or we have not received all the information and explanations we require for our audit. Responsibilitigs of trustee$ As explained more fully in the Trustees. responsibilities slalement, the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal wnlrol as the Trustees determine is ne￿$Sary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial slatemenls, the Trustees are responsible for assessing the charitsble compan¥s ability lo Continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going con￿rn basis of accounting unless the Trustees either intend to liquidate the charitable company or lo ase operations, or have no realistic alternative but to do so. Page 19 CINTRE (A company lirnited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CINTRE (CONTINUED) Auditors. responsibilities for the audit of the financial stslements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assuran￿ about whether the financial statements as a whole are free from material misslatemenl, whether due lo fraud or error, and lo issue an Auditors. report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK} will always detect a material misslatemenl when it exists. Misstslemenls Can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instan￿$ of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delect material misslatemenls in respect of irregularities, including fraud. The extent to which our procedures are Capable of delecling irregularities, including fraud is detsiled below.. Our audit planning process gave consideration lo the risk of material misststemenl in the financial statements, using the calculated materiality level which itself factored in the nature of the Charills operations and the interpreted levels of inherent and control risk. In assessing the risk of fraud we reviewed management's own assessment of potential for fraud within the entity and reviewed judgements made by management lo identify possible bias, in addilion lo any opportunity and incentive for fraud that are in inherent in the nature of the Charily's operations. Our detailed lesling included review of accounling estimates and judgements and validation of prime ledger entries. We confimied our knowledge of the legal and regulatory environment of the entity through discussions with management. We analysed all information available to us in respect of relevant laws and regulations, including the Companies Act 2006, Charities Act 2011, relevant UK tsx legislation and we enquired with management as to any possible breached in Ihe aforementioned. We agreed the accuracy of the financial statements lo the supporting management information provided by the client and lesled individually on a sample basis the income and expenditure in the financial statements lo nsider the business rationale behind the transactions and the accuracy of the financial records. Our audit testing did not identify and issues in r8SP8cI of the matters listed above, including fraud. A further description of our responsibilities for the audit of the financial stslemenls is located on the Financial Reporting Council's websile at.. www.frc.or .uklauditorsres onsibililies. This description forms part of our Auditors. report. Use of our report This report is made solely to the charitable companls trustees, as a body, in accordan￿ with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit wort( has been undertaken so that we might stale lo the charitable companls trustees those mallers we are required to stsle to them in an Auditors. report and for no other purpose. To the fullest exlenl pemilled by law, we do not a¢￿p1 or assume responsibility lo anyone other than the charitsble company and its members, as a body. for our audit work, for this report, or for the opinions we have formed. Page 20 CINTRE (A company lirnited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CINTRE {CONTINUEDI Benjamin Burch. ACA Randall & Payne LLP Shurdinglon Road Shurdinglon Chellenham GL514GA Dale.. 16 December 2025 Randall & Payne LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Page 21 CINTRE (A company lirnited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2025 Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Note Income from- Donations and legacies Charitable activities Investments Other income 602 602 12,427 2,385,670 50 1,397 3.131,440 204 4,693 3.131.440 204 4.693 Total income 3.136,939 3.136.939 2,399,538 Expenditure on: Charitable activities 2.759,892 2.759.892 2.285.307 Total gxpgnditurg 2.759,892 2.759,892 2,285,307 Net income before net (lossesllgains on investments Nel Ilossesllgains on investments 377,047 {3741 377.047 1374) 114,231 655 Net movement in funds 376.673 376.673 114.886 Reconciliation of funds: Total funds brought forward Nel movement in fijnds 13,793 2.093,075 376,673 2.106.868 376,673 1.991,982 7 14,886 Total funds carried fovHard 13,793 2.469,748 2.483.541 2, 106,868 The Statement of financi81 activities includes all gains and losses recognised in the year. The notes on pages 26 to 45 ft)rm part of these financial stalemenls. Page22 CINTRE (A company lirnited by guarantee) REGISTERED NUMBER: 01495257 BALANCE SHEET AS AT 31ST MARCH 2025 2025 2024 Note Flxed assets Intangible assets Tangible assets Investments 11,885 1,725,738 7,217 76,736 1, 702,224 7,591 13 1.744,840 1, 726,551 Current assets Debtors 14 303,380 617,241 326,488 172,688 Cash at bank and in hand 920,621 499, 176 Current liabilities Creditors.. amounts falling due within one year 15 1181,9201 (118,859) Net Current assets 738,701 380,317 Total assets less Current liabilities 2,483,541 2, 106,868 Total net assets 2.483,541 2, 106,868 Charity fund$ Reslricled funds Unreslricled funds 17 13,793 13,793 Designated funds General funds 1.718,960 750,788 1, 718,960 3T4,115 17 Total unrestricted funds 17 2.469,748 2,093,075 Total funds 2,483,541 2,106,868 The entity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. However, an audit is required in accordanTr with section 144 of the Charities Act 2011. Page 23 CINTRE (A company lirnited by guarantee) REGISTERED NUMBER: 01495257 BALANCE SHEET ICONTINUEDI AS AT 31ST MARCH 2025 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting rewrds and preparation of financial ststements. The financial statements have been prepared in accordance with the provisions applicable lo entities subject lo the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Marion Billett Chair of Trustees Dale.. 0911212025 The notes on pages 26 10 45 form part of these financial stalemenls. Page 24 CINTRE (A company lirnited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 Cash flows from operatlng actlvltles Nel cash used in operating activities 510,311 56,678 Cash flows from Investlng actlvltles Dividends, interests and rents from investments Proceeds from the sale of tangible fixed assets Purchase of intangible assets Purch8se of tangible fixed assets 4,897 733 1,447 (78,520) (28,270) (71.3861 Net cash used in investing activities {65,7561 145.3431 Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 444,555 11.335 172,688 161,353 Cash and cash gquivalgnts at thg end of the year 617,243 172,688 There were no cash flows from financing activities in the current or prior year. The notes on pages 26 to 45 form part of these financial stalemenls. Page 25 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Accounting policies 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 AccoLJnting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. CINTRE is a charity limited by guarantee, registered in England and Wales. Cintre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy. 1.2 Going concern Aong with other similar chartties and organisations. the current cost of living crisis and global economic downturn has brought many uncertainties lo the global economy. The impact of this on the charity is highlighted in further detail with the Trustees annual report. Notwithstanding these uncertainties, the Trustees have chosen lo prepare the financial statements on a going concem basis given the free reserves held by the Charity and the careful planning of the Trustees. The Trustees make this assessment in respect of a period of at least one year from the dale of authorisation for issue of the financial statements and have concluded that the charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Income Al income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balan￿ sheet. Where income is received in advance of entitlement of receipt, ils recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Income lax recoverable in relation to investment income is recognised at the lime the investment income is receivable. Other income is re¢ognised in the period in which it is receivable and lo the extent the goods have been provided or on completion of the servi￿. Page 26 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Accounting policies {continuedl 1.4 Expenditure Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each adivity are made up of the lotsl of direct costs and shared Costs, including support costs involved in undertaking each aclivily. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which Contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned be￿een those aclivities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charills objectives, as well as any associaled support costs. All exp8ndilure is indusiv8 of irrecoverable VAT. 1.5 Intangible assets and amortisation Intangible assets costing £500 or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Intangible assets are initially recognised al cost. After recognition, under the cost model, intangible assets are measured al cost less any accumulated amortisalion and any accumulated impairment losses. Amortisalion is provided on intangible assets al rates calculated to write off the cost of each asset on a straighl-line basis over its expected useful lrfe. Amortisalion is provided on the following basis.. Computer software 25 Q/0 Slraighl-line 1.6 Tangible fixed assets and depreciation Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised al cost. After recognition, under the cost model, tsngible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tsngible fixed asset into ils intended working condition should be included in the measurement of cost. Page 27 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Accounting policies {continuedl 1.6 Tangible fixed assets and depreciation (continued) Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, Depreciation is provided on the following basis.. Freehold property Long-lerm leasehold property Plant and machinery Motor vehides 2 /0 Straight line 5 /0 Straight line 25 /0 Slraighl line 25 10 Reducing balance 1.7 Investments Fixed asset inveslmenls are a fomi of financial instrument and are initially recognised al their transaction cost and subsequently measured al fair value at the Balance sheet dale, unless the value cannot be measured reliably in which case it is measured al cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on investments, in the Statement of financial activities. 1.8 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. 1.9 Cash at bank and in hand Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short malurily of three months or less from the date of acquisition or opening of the deposit or similar account. 1.10 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the selllement can be eslimaled reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to sellle the debt or the amount il has received as adVan￿d payments for the goods or services it musl provide. Provisions are measured at the best estimate of the amounts required to sellle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rale that reflects the risks specific lo the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 1.11 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their selllemenl value with the eX￿pIlOn of bank loans which are subsequently measured at amortised cost using the effective interest method. Page 28 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Accounting policies {continuedl 1.12 Fund accounting General funds are unreslricled funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestridgd funds that have been sel aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes lo the financial slalemenls. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes lo the financial stalemenls. Investment income, gains and losses are allocated to the appropriate fund. Income from donations and legacies Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Donations Grants 602 602 12,421 602 602 72,421 Total 2024 12,42f 12,421 Page 29 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Income from charitsble activities Unrestricted funds 2025 Total funds 2025 Total fvnds 2024 Service user contribution Cinlre House service user income 16,463 793,936 72,962 322,488 11,396 782,150 758,963 373,082 16,463 793,936 72,962 322,488 11,396 782,150 758,963 373,082 27,367 735,350 177,294 235,337 177,541 635, 743 180,850 336, 188 Reachout service user income In Via Servi￿ user income Cinlre Point Weston service user income Graham Court Servi￿ user income Statutory benefits Beaufort seNice user income 3.131,440 3,131,440 2,385,670 Total 2024 2,385,67Q 2,385,670 Investment income Unrestricted funds 2025 Total funds 2025 Total fvnds 2024 Income from local listed investments 204 204 50 Total 2024 50 Page 30 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 other incoming resources Unrestricted funds 2025 Total funds 2025 Total fvnds 2024 Bank Interest Income 4,693 4.693 1,397 Total 2024 1,397 1.397 Analysis of expenditure on charitable activities Summary by fund type Restricted Unrestricted funds funds 2025 2025 Total 2025 Total 2024 Staff costs 2,344,744 28,130 25,160 59,349 57,171 19,033 84,810 51,261 8,871 29,990 51,373 2,344,744 28,130 25,160 59,349 57,171 19,033 84,810 51,261 8,871 29,990 51,373 1,942,952 29,095 32,526 25,923 76,872 295 59,965 31,430 71,057 26,064 49,128 other Insurance Repairs and maintenance Rent, rates, water, light and heat Write off of irrecoverable debt Other office costs, IT, printing and telephone Legal, professional and audit Motor and travel costs Recruilmenl and training programme Depreciation 2,759,892 2,759,892 2,285,307 Total 2024 1,290 2,284,017 2,285,307 Page 31 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Analysis of expenditure by activities Charitable activities 2025 Support costs 2025 Total funds 2025 Total fvnds 2024 Staff costs Other 2,068,749 21,634 855 275,995 6,496 24,305 2,007 2.344,744 28,130 25,160 59,349 57,171 19,033 84,810 51,261 8,873 29,991 51,370 1,942,952 29,092 32,526 25,923 76,872 295 5g,966 31,430 11,057 26,064 49,730 Insurance Repairs and maintenance Rent, rates, water, light and heat Marketing and fundraising Other office costs. IT. printing and telephone Legal, professional and audit Motor and travel costs 57,342 57,171 18,622 43,816 411 40,994 51,261 643 8,230 26,916 35,706 Recruitment and training programme Depreciation 3,075 15,664 2,339,041 420,851 2.759,892 2,285,307 Total 2024 1,796,028 489,279 2,285,307 Auditors. remuneration 2025 2024 Fees payable to the Charitws auditor for the audit of the Charity's annual accounts 5,150 5,000 Fees payable lo the Chariws audrtor in ￿spect of.. All non-audil services not included above 1,350 1,300 Page 32 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 staff costs 2025 2024 Wages and salaries Social security costs Contribution lo defined contribution pension schemes Subcontract and sickness cover 1,926,082 174,209 49,199 195,084 2,344,574 7,589,906 127,633 41,143 184,270 1,942,952 The average number of persons employed by the Charity during the year was as follows- 2025 No. 2024 No. Average head count 76 T3 No employee received remuneration amounting to more than £60,000 in either year. The key managment personnel of the Charity comprise the Trustees, the Chief Executive Officer and the personnel listed in the Trustees report. The total employee benefits of the key management personnel of the Charity were £166,08412024.' £187,198). 10. Trustees. remuneration and expenses During the year. no Trustees received any remuneration or other benefits (2024- £NIL). During the year ended 31st March 2025, no Trustee expenses have been incurred (2024 - £NIL). Page 33 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 11. Intangible assets Computer software Cost At 1 April 2024 19.342 At 31st March 2025 19.342 Amortlsatlon At 1 April 2024 Charge for the year 2,606 4,851 At 31st March 2025 7.457 Net book value At 31st March 2025 11,885 Al 31st March 2024 16,736 Page 34 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 12. Tangible fixed assets Long-term leasehold property Freehold property Plant and machinery Motor vehicles Total Cost or valuation At 1 April 2024 Additions 1,750,000 66,401 59,516 93.787 11,867 22,000 1,932.188 71,383 (11.0001 Disposals 111.0001 At 31st March 2025 1.750,000 125,917 105.654 11.000 1.992.571 Depreciation At 1 April 2024 Charge for the year On disposals 122,500 35,000 6,057 4,750 80.138 7.388 21.266 229.961 47,138 (10.2661 110.2661 At 31st March 2025 157,500 10,807 87.526 11.000 266.833 Net book value At 31st March 2025 1,592,500 115,110 18,128 1.725.738 Al 31st March 2024 1,627,500 60,344 13.649 734 1, 702,227 The historic cost of freehold property is £959,535 {2024.. £959,535)- Freehold property is represented by land and buildings at Cintre House154 St. John's Road, Clifton) and in Via 172 Downend Road, Kingswood). The last independent full valuation was carried out on 28 September 2020 by David Chichester on behalf of Andrew Forbes Chartered Surveyors, on the basis of open market value. The freehold propety value has been reviewed by the Trustees as at 31 March 2025 who consider there lo be no movement in the fair value during the year. Page 35 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 13. Fixed asset investments Unlisted investments Cost or valuatlon At 1 April 2024 Revaluations 7,591 1374) At 31 March 2025 7.217 Net book value At 31 Ma￿h 2025 7.217 Al 37 March 2024 7.591 14. Debtors 2025 2024 Due within one year Trade debtors 207,582 3,246 92,552 234,566 3,013 88,909 Other debtors Prepayments and accrued income 303,380 326,488 Page 36 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Creditors: Amounts falling due within one year 2025 2024 Trade creditors other laxalion and social security Other creditors Accruals and deferred income 91,201 54,396 2,561 33,762 42,918 39, 142 5, 738 31,061 181,920 178,859 2025 2024 Deferred Income Deferred income at 1 April 2024 Resources deferred during the year Amounts released from previous periods 18,145 21,769 {18,1451 22,264 18,145 (22,264) 21,769 18,145 16. Financial instruments 2025 2024 Flnanclal assets Financial assets measured at fair value through income and expenditure 624,458 180,277 Financial assets measured at fair value through income and expenditure comprise cash al bank and in hand. Page 37 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 17. ststement of funds statement of funds - current year Balance at 1stApril 2024 Balance at Gainsl 31st March {Lossesl 2025 Income Expenditure Unrestricted funds Designated funds Capital fund historical cost Capital fund revaluation reserve 876,129 876.129 842,831 842,831 1.718,960 1,718.960 Balance at 1stApril 2024 Balance at Gainsl 31st March {Lossesl 2025 Income Expenditure General funds General Funds- all funds 374,115 3.136,939 (2,759.8921 (3741 750.788 Total Unrestrlcted funds 2.093,075 3.136,939 (2.759.892) (3741 2,469.748 Balance at 1stAprll 2024 Balance at Galnsl 31st March {Lossesl 2025 Income Expendlture Rgstrirted funds Community Hub The Big Lottery Fund Bungeee Jumping Fund National Lottery Community Fund Quartet Granl-KA-CSB Quartet Granl-MR-CSB Quartet Granl-VK-CSB Quartet Community Foundation- David Salter 2,196 609 2.196 609 121 121 5,843 600 5.843 600 182 182 {5231 4,304 1523) 4.304 Quartet Page 38 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 17. ststement of funds {continued} statement of funds - current year (continued) Balance at 1stApril 2024 Balance at Gainsl 31st March {Lossesl 2025 Income Expenditure Champion Grant 459 459 13,793 13.793 Balance at 1stApril 2024 Balance at Gainsl 31st March {Lossesl 2025 Income Expenditure Total of funds 2.106,868 3.136,939 (2.759.892) (3741 2,483.541 Page 39 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 17. ststement of funds {continued} Bailey Thomas A grant towards the interior refurbishment of Cintre House. National Grid A grant to provide support to vulnerable people affected by fuel povety. NSC Bonus Grant lo cover members of staff who worked in North Somersel as part of the Hospitsl Discharge grant. Quartet Grant A grant to improve the lives of local people who face difficulties and have limited a¢￿sS to appropriate or affordable Servi￿ and support. Hallmark Hume - Hub Activities A grant was applied for to sel up a Community Hub providing group activities for service users including IT skills training, art classes and music workshops. The Big Lottery Fund The Big Lottery Fund award was applied for to set up a cooking club lo give service users the opportunity lo cook nulrilious meals, as well as socialise with others and learn to communally engage with food. Bungee Jumping Fund A grant was received towards Cinlre community service activities, specifically in relation to running activities from Pintre Point Bristol. National Lottery Community Fund A grant was awarded to fund remote Wellbeing Virtual Café and provide a phone service lo servi users. Quartet Grant CSB A grant was awarded lo purchase laptops for providing essential coherent, support remotely to vulnerable individuals. Neighbourly Community A grant awarded for works towards the Cinlre House garden. Page40 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 17. ststement of funds {continued} statement of funds - prior year Balance al 7st April 2023 Balance at Gains/ 31st MarGh (Losses) 2024 Transfe in/out Income Expenditure Unrestricted funds Designated funds Capital fund historical cost Capital fund revaluation reserve 905.913 (29.784) 876, 129 842,831 842,831 1, 748, 744 (29,784) 7, 778,960 General funds General Funds all funds 229,654 2,387, 118 (2,284,017) 40, 705 655 374, 115 Total Unrestrlcted funds 1,978,398 2,387, 178 (2,284,017) 10,921 655 2,093,075 Restrlcted funds Community Hub 2,196 2,796 The Big Lottery Fund 609 609 Bungeee Jumping Fund National Lottery Community Fund 721 5,843 5,843 Quartet Grant- KA-CSB Quartet Grant- MR-CSB 600 600 Page 41 CINTRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 17. ststement of funds {continued) statement of funds - prior year {continuedl Balance at 1st April 2023 Balance at Gains/ 31st March (Losses) 2024 Transfe in/out Income Expenditure Quartet Grant- VK-CSB 182 782 Quartet Community Foundation- David Salter Quartet Champion Grant (523) 4.554 1523) 4,304 (250) 7,500 (7,040) 460 Nourish Funding 70,921 (10,921) 13.584 12.421 (1,290) (10,921) 13, 794 Total of funds 1,991,982 2,399,539 (2,285,307) 655 2, 106,869 18. Summary offunds Summary offunds- current year Balance at 1stApril 2024 Balance at Gainsl 31st March {Lossesl 2025 Income Expenditure Designated funds General funds 1.718,960 374,115 13,793 1,718.960 750.788 13.793 3.136,939 (2.759.892) 1374) Restricted funds 2,106,868 3,136,939 (2,759.8921 13741 2,483.541 Page 42 CINTRE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 18. Summary of funds {continuedl Summary offunds- prior year Balance at 1st April 2023 Balance at Gains/ 31st March (Losses) 2024 Transfe in/out Income Expenditure Designated funds f, 748. 744 229,654 (29, 784) 40, 705 1.718,960 374, 115 General funds 2,387, 118 (2,284,01 T) 655 Reslricled funds 13,584 72,421 (1,290) (70,921) 13,794 f,997.982 2,399.539 (2,285,307) 655 2, 106,869 19. Analysis of net assets bgtwgen funds Analysis of net assets botwgen funds - current year Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year 1,725,738 1.725,738 11,885 11,885 7,217 7,217 832,724 846.518 1107,8161 (107,816) 13,793 Total 13,793 2,469,748 2,483,541 Page 43 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 19. Analysis of net assets between funds Icontinuedl Analysis of net assets between funds - prior year Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Intangible fixed assets Fixed asset investments 1, 702,224 16,736 7,591 485,380 (118,8591 1, 702,224 76,736 7,591 499, 7 74 (178,859) Current assets Creditors due within one year 13,T94 Total 13,794 2,093,075 2, 106,869 20. Reconciliation of net movement in funds to net cash flow from operating activities 2025 2024 Nel income for the year las per Statement of Financial Activities} 376,673 114,886 Adjustments for: Depreciation charges Amortisation charges IGainslllosses on investrnents Dividends, interests and rents from investments Decreasel{increasel in debtors Increaselldecreasel in creditors 47,138 4,851 374 46,540 2,589 (655) (1,447) (94,009) (11,229) 14,8971 23,109 63,063 Net cash provided by operating activities 510,311 56,675 Page 44 CINTRE (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 21. Analysis of cash and cash equivalents 2025 2024 Cash in hand 617,243 172,688 Total cash and cash equivalents 617,243 172,688 22. Analysis of changes in net debt At 1st April At 31st 2024 Cash flows March 2025 Cash at bank and in hand 172.687 444,555 617.242 172,687 444,555 617.242 Page 45