2025-03-31-accounts - Caritas Care Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

roy

Caritas Care Limited

(A Company Limited by Guarantee) Report and Financial Statements Year ending 31 March 2025 Charity number: 326021 Company number: 1596400

Page 1 of 33

Caritas Care Limited

REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2025

INDEX	Page
Report oftheTrustees	2
Report ofthe Independent Auditors	17
Statement of Financial Activities	18
Balance Sheet	21
Cash Flow Statement	22
Notes on the Cash Flow Statement	22
Notes on the Financial Statements	23
DetailedStatementofFinancialActivities	33

REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2025

The trustees who are also directors of the charitable company are pleased to present their annual directors’ report together with the financial statements of the charity for the year ending 31 March 2025 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the 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; FRS 102 (effective 1 January 2019).

Chair’s report

This has been a positive year for Caritas Care during which we have celebrated our 90" Anniversary as a Charity and reputable provider of social care. We have consolidated our services, maintained the quality of our offer and strengthened our financial resilience. Making a difference is important to the Charity and | am pleased that we have demonstrated our ability to achieve our aim again during the year ending 31 March 2025.

However, this has been another year shaped by both challenge and opportunity in terms of service delivery and finance. Therefore, it is pleasing to note that we have continued to deliver outstanding services despite the financial pressures that we have encountered. The staff across the Charity and our enthusiastic volunteers continue to evidence their commitment and dedication to their services, the wider Charity and to our values, which are important to us and guide our work.

Throughout our celebratory year, we have reflected upon where we have come from to get to where today and have enjoyed a range of activities to mark the 90" year of our existence as a Charity, serving the people in our community. We have once again delivered our mission this year by providing chances, choices and opportunities for all who have engaged with us, to live better lives, and through implementing our new strategic plan for 2025 — 2027, been able to think about what the future holds for Caritas Care in this new chapter of our story.

Mary Leavy Chair

Page 2 of 33

, ;

Caritas Care Limited

OUR PURPOSES AND ACHIEVEMENTS

Objectives and aims

The objects of the Charity, as stated in its Memorandum of Association are:-

..to further the general charitable works of the Roman Catholic Church both in the Diocese of Lancaster and elsewhere in the United Kingdom in particular, but not exclusively, by providing services and facilities for the relief of poverty and suffering, the advancement of education, the promotion of social justice, and other charitable acts which promote the development of individuals and communities, for the benefit of people of all faiths and none. To this end the Charity's activities will be directed to children and young people without families able to care for them, children and young persons in trouble or at risk, people with disabilities and individuals, families, communities and groups who are in need.

In order to achieve the objects, the Charity delivers a range of services and engages in activities for the public benefit.

The key strategies were to:

e provide families and communities with chances, choices and opportunities to live the best lives they can;
e® secure a committed workforce with the right skills and abilities to deliver our strategy;
e improve outcomes for children, young people and adults;
e involve children, young people and adults in the design and evaluation of services; and e work inclusively to remove barriers to accessing our services

Following our founding ethos, we respond positively to the changing needs of our communities with projects and services that give better life chances to people of all ages and work in the best ways possible to:

® support children and families
e find families for children in care
e provide opportunities and support for people with disabilities
e combat social isolation

The work of Caritas Care is embodied in its values;

Friendliness - we believe in welcoming everyone with warmth and kindness. We want people to feel included and to create a sense of belonging.

Fairness - we believe in equality and strive to be respectful in everything we do. We listen to the needs of others and put them at the heart of our work.

integrity - we believe in being open and honest in all parts of our work. We support people from all walks of life and treat each person with dignity and acceptance. We believe in their value.

Freedom to choose - we believe in empowering people to reach their full potential and to have a happy, fulfilled life. We provide opportunities so all families and communities can make their own choices and lead the lives that they want to.

Collaboration - we believe by bringing communities together and by building relationships, we can create a brighter, happier future. Through working with our supporters and other organisations, we aim to make our vision a reality.

Page 3 of 33

Caritas Care Limited

Significant activities

Caritas Care believes that wherever it is possible, a child should grow up in a stable and nurturing family environment, therefore, the charity provides this opportunity for children, unable to live within their birth families, through a range of placement options from respite foster care to adoption. Caritas Care is a Voluntary Adoption Agency and Registered Independent Provider of Foster Care.

Our independent specialist adoption service has been finding families for children and helping adopters on their journey to becoming parents for nearly 90 years. Our belief is that all children deserve a loving family and that all adopters should be supported at every stage of the adoption process. Adoption is a life-changing decision, which is why we have developed a full range of adoption support services and routes to adoption to give children the opportunity to enjoy family life and stability throughout their childhoods; these include:

e Seamless support throughout the adoption process and beyond. e = Skilled and experienced staff team. e Specialist therapeutic support services. e Information and advice. e = Training and Support groups.
e —_ Early permanence service for very young children.

Foster carers provide care for children who, for many different reasons are unable to live with their birth families. Caritas Care believes that all children deserve the opportunity to experience life in a loving family and that all children and foster carers should be supported at every stage of the fostering journey. Our foster care service provides a full support programme including:

e Seamless support throughout the fostering process and beyond
e Specialist advice and information e = Skilled and experienced staff team e = Full training and support programme
e = Children's groups e Education support service

Foster carers come from all walks of life. Each foster carer is unique, as is every child who needs a foster family. Our foster carers share a desire to make a positive difference for the children placed with them for the duration of their stay, whether that be for a short period of time or longer term.

In working with People with a Learning Disability, Caritas Care is driven by its tradition and values to treat each person with dignity and respect. The Charity is committed to a person-centred approach and promotes choice, opportunities and independence through support, for people who have disabilities. The Charity offers a variety of learning disability services. Our Day Projects and Supported Living Services, based in Lancashire, offer wide ranging fun activities for people with learning needs of varying ages. We believe that people with all levels of disability should have opportunities to enjoy stimulating activities, and that their physical or health needs, however complex, should not be a barrier to them accessing new and exciting experiences. Set in the heart of the city of Preston, our projects enable this by providing a fully accessible, safe and caring environment, which offers:

e = Ahighly trained team of specialist support staff. © Training and oversight by a qualified nurse. e Avaried range of community, leisure and social activities. e A person centred, tailored approach.
e Creative ways to enhance communication. e Dance, sensory drama, art and music to encourage self-expression.
e Accessible minibuses for outings and day trips.

Page 4 of 33

Caritas Care Limited

e Modern accessible equipment and facilities.

Working closely with service users and their families, social care and health professionals, the Charity responds positively to the needs of every person who comes to us, whatever their disability or need.

Through our Community Projects, Caritas Care helps to combat social isolation and disadvantage by providing support to people on the margins of society through our services at Plungington Community Centre. Vincent House provides accommodation in Blackpool! and support to men and women who find themselves homeless. It is our belief, that everyone should have a home to call their own, and the chance to make positive changes in their lives, and so improve their outcomes. We provide emergency and supported accommodation with access to local networks and community organizations that provide advice, support and guidance needed to enable residents to regain their independence and take responsible steps towards integrating into the community.

Plungington Community Centre is located in the University quarter of Preston just outside the city centre. The former school building, now the Community Centre, provides a range of activities, support and entertainment for people of all ages. We believe that everyone in the community should have local access to affordable activities aimed at improving physical and emotional health and wellbeing and reduce social isolation. The centre has a large hall, including a stage, and a number of smaller rooms, all available for hire by community groups. We work with a variety of local groups who provide a range of activities and opportunities from our Community Centre.

Volunteers are an intrinsic part of our service delivery across the Charity. Certain areas and services are more dependent upon volunteers, whilst in other areas the scope for volunteering is minimal and more specialist in nature. In our work with children, approved adopters and foster carers assist through their membership of the Adoption and Foster Care Panels, engagement in preparation training for new applicants, acting as mentors to prospective adopters and foster carers, assisting with recruitment events and support groups. Learning Disability Services have attracted volunteers to support centre-based activities. However, the greatest number of volunteering opportunities are within our community activities and community centre where our work with unemployed people and ex-offenders is supported through volunteering and mentoring projects.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives, planning future activities and setting strategic plans.

Achievements and performance

Over the last year, Caritas Care has continued to reach out and engage with children, families and adults to deliver the support they needed in what was a challenging year for many, given the cost of living crisis. We also remained GDPR compliant, embedded the Caldecott principles across the Charity, further developed our IT and communication resources and maintained effective working relationships with our partners, commissioners and stakeholders.

Our work in Adoption and Foster Care

In 2024-25 we:

® Placed 18 children with families for Adoption through our mainstream service, and a further 2 children placed through the Concurrent Planning Service in 2023-24 converted to adoptive placements
e Looked after 33 children in Foster Care, most as long term foster care placements e Our partnership with Adoption Matters to offer early permanence for children through our Concurrent Planning Service was brought into each Charity to enhance the mainstream adoption service

Page 5 of 33

Caritas Care Limited

e __ Increased the creative use of social media in our recruitment activities
e Further developed our Therapeutic Intervention Service through the delivery of support to families approved as adopters and foster carers through Caritas Care, including supporting children with life story work and working with schools.
e Provided support for children referred to our services from Local Authorities
® Continued to work collaboratively with the established Regional Adoption Agencies (RAAs) in the North West, Cumbria and North East, (Adoption Now, Adoption Counts, Adoption in Merseyside, Together for Adoption, Adoption — Lancashire and Blackpool, Coast to Coast, Adopt North East and Adopt Tees Valley).
e Continued to adapt our working model by offering all of our services to families, prospective foster carers and adopters remotely and virtually.

In 2025-26 we will; continue to work alongside our partners in the public and voluntary sectors, developing innovative and excellent practice to find families for those children who wait the longest. In so doing, we will continue to assess, monitor, evaluate and respond to the significant challenges that the changing Adoption landscape presents.

Our ambition is to:

e To achieve our target to place 17 children for adoption through our mainstream service and maintain our high level of support for foster care placements as a number move from the care system.
e —_ Recruit families who are able to offer a home through adoption or foster care to children who wait the longest for a family i.e. brothers and sisters, older children, children of mixed heritage and children with additional needs.
e Continue to work closely with our VAA partners, North West and North East RAAs to provide placements for children, including those in need of Early Permanence.
e Offer excellent support services to all families approved through Caritas Care and for children referred to our services by the Local Authorities
e Recruit foster carers. e Ensure the voices of children and families continue to inform the development of our services and practice both internally and externally.
e Work collaboratively with our partner Regional Adoption Agencies in the North West, Cumbria and North East.
e Consolidate the changes implemented following the re-structure of our Children’s Services to ensure sustainability and financial stability

Our work with people with disabilities

This year we have developed all aspects of our work with people who have a learning disability and in our day projects, maintained levels of activity in terms of both numbers of sessions offered and people supported on a daily basis.

In 2024-25 we:

e Provided stimulating day activities and excellent care for 33 people with profound disabilities in our FX service including holiday sessions.
e Provided creative learning opportunities and activities for 116 people including holiday sessions for people with more moderate learning disabilities in our VIP service.
e —_In our Supported Living service, we have supported 32 people in their own homes including 26 people across nine supported living houses.
e Secured new premises for our FX service e Acquired a property from which we are delivering a Supported Living Service

Page 6 of 33

Caritas Care Limited

In 2025-26 we will continue the growth in the delivery of our day projects to attract more people with both moderate and complex needs; and increase the number of people within our Supported Living services.

Our ambition is to:

e Develop and extend our day project facilities.
e Develop and deliver services which develop the skills and outcomes for all who use them
e Meet the needs of more people referred via Transforming Care through our Supported Living service.
e Ensure the voices of people with learning disabilities continue to inform the development of our services and practice both internally and externally.

Our work in the community

This year we have continued our innovative and creative work with people in communities, working to support people at times ofdifficulty in their lives, and particularly those who continue to be affected by the cost of living crisis.

In 2024-25 we:

e Provided high quality support at Vincent House, our homeless hostel in Blackpool, which has remained at virtually full occupancy throughout the year.
e Continued to offer the food bank at Plungington Community Centre for members of the local community.
e Consolidated our Well Being response at Plungington Community Centre, supported by the Big Lottery, by offering a ‘Warm Space’ and ‘Meet and Eat’ (a free hot meal), emotional support and social engagement to members ofthe local community who ‘drop in’.
e Increased levels and the range of activities at Plungington Community Centre.

In 2025-26 we will seek to secure the necessary funding to support our community work.

Our ambition is to:

e Maintain the full range of activities and secure further funding to support the sustainability and development of well-being opportunities for local people at Plungington Community Centre.
e Secure the future of Plungington Community Centre through Asset Transfer or extension of the lease of the premises from Preston City Council.
e Ensure the voices of people in need within our communities continue to inform the development of service delivery and practice both internally and externally, including those affected by trauma and loss, homelessness, mental ill health and old age.
e Develop a robust offer to residents within Vincent House including move on options.

Page 7 of 33

Caritas Care Limited

FINANCIAL REVIEW

Financial position

The Charity generated a surplus for the year of £435,399. The total retained reserves of the Charity at 31 March 2025 are £2,484,591

Financial Summary

	2025	2024
	£	£
Incoming Resources	8,284,858	8,089,669
Resources Expended	(7,849,459)	(7,676,120)
Retained Surplus	435,399	413,549
Funds
Restricted Funds	22,629	26,693
Unrestricted Funds: designated	777,562	664,392
funds
Unrestricted Funds: general funds	1,684,400	1,358,107
	2,484,591	2,049,192

The principal funding sources are fully detailed in the notes to the financial statements on page 24.

Investment policy and objectives

Under the Memorandum and Articles of Association, the Charity has the power to make any investment, which the Board of Management see fit and would do so in an ethically responsible manner. The Trustees, having regard to the liquidity requirements of the Charity’s services and the uncertainty within the social care sector, have kept available funds in an easy access interest-bearing deposit account. Since the start of the calendar year 2023, interest rates offered on short term deposits have ranged between 4% and 5%. The Trustees have therefore determined that excess funds should be invested in short term deposits, ranging from one to four month terms. The capital and interest is automatically reinvested.

Reserves Policy

Reasons for Establishing a Reserves Policy

Under the requirements of Charity Law, the Trustees are obliged to define the Charity's policy for holding reserves. The intention in establishing the reserves policy for Caritas Care is to secure the continuation of the Charity's activities. The policy will:

e preserve the viability of the Charity;
® underwrite existing services against periods of deficit;
e enable the Charity to meet its legal objects;
® pump prime developments of the Charity's Services; e provide confidence to supporters and donors seeking to give financial support to a prudenily controlled Charity;
e ensure that, consistent with the objectives, mission statement and values of Caritas Care, proper ethical consideration be afforded to all matters of investment; and
e ensure that the reserves are at a level sufficient to discharge all the Charity's obligations should the Charity cease its operations.

Page 8 of 33

Caritas Care Limited

Desired Level of Reserves

The Charity has a range of legal and moral responsibilities to purchasers of its services, to those who use its services, as well as contractual commitments to employees. In addition, Caritas Care has a broader responsibility to the communities within our area of benefit. To this end the Charity undertakes to:

e preserve a level of reserves that are neither restricted nor designated at not less than 15% of its annual expenditure;
e limit the level of reserves that are neither restricted nor designated to a figure of not more than 50% of its annual expenditure;
e establish a reserve designated to cover the possibility of redundancy of staff.

Steps to Establish the Reserves Policy

Historically the Charity has generated reserves. The Board, in discharging its duties under Charity and Company Law, considers the appropriate use to which such reserves should be applied. To maintain appropriate levels of reserves the Board has determined that:

e all legacies, which have no restriction placed upon them by the terms of their donation, are considered to be general reserves;
e the Finance Committee has delegated powers to determine from time to time the split of income generated versus capital appreciation;
capital commitments and expenditure plans are examined, and funds required to finance such may be removed from general reserves as necessary for the attainment of its broad objectives, funds may, from time to time, be designated for specific purposes.

Monitoring and Reviewing the Policy

The Board has resolved that:

e day to day operational responsibility for the implementation of this policy be vested in the Chief Executive, delegated to the Director of Finance and HR;
e formal monitoring is undertaken on a quarterly basis by the Finance Committee as a delegated body of the Board of Management; and
e the policy is subject to at least one annual review by the Board and the members at the Annual General Meeting of the Company.

FUTURE PLANS

Impact Evaluation

We have continued to monitor progress against the strategic objectives set out in our 2021 — 2023 Strategic Plan utilising our Balanced Scorecard performance management system. This provides a visual overview of progress using a RAG (Red-Amber-Green) rating of the performance of all our services. This system involves the examination and analysis of qualitative and quantitative data across our Charity, to measure our service delivery and impact. Going forward we will continue to monitor performance in the following areas:

e Customer satisfaction e Service delivery e Staffing e Finance e Governance

Page 9 of 33

Caritas Care Limited

Annually, we revise and refine the Balanced Scorecard to ensure the data we collect and analyse evidences the quality and impact of our work. Our trustees monitor this, alongside a quarterly strategic review of our services.

Our ambition is to:

e Refine outcomes measures to better evidence the impact of our work. e Develop a consistent and quality pipeline of prospective adopters and foster carers to meet the needs of the children referred to us for placement.
© Continue to work with the RAA’s to track the timeliness and appropriateness of matching children as early as possible with families.
© Work with commissioners of our Adult and Community Services to consolidate and develop our service offer in response to identified need.
e Deliver services in Communities to provide support to enable people to live the best lives they can.
e Achieve financial stability through effective marketing and the provision of high quality services in response to local need.

Plans and Challenges for 2025-26

A priority in the coming year, given the current economic climate, is to maintain the current level of income from our services, to ensure the financial stability of the Charity going forward. However, the challenge will be to ensure that we do not compromise on delivering a quality service in any cost saving measures that we undertake.

Our Strategic Plan for 2025 — 2027 has been implemented; the primary focus of which is to continue with our mission to create chances, choices and opportunities for as many people and communities in the North West region to live better lives.

The new strategic plan has been informed by a review and analysis of the impact of our offer and in consultation with our service users and beneficiaries, staff, stakeholders and trustees. Our mission, vision and values continue to be integral components of our new strategic plan.

Our Strategic Goals

Our Strategy continues to build upon our previous successes. It will contribute to our stability through maintaining high quality support and excellent service delivery, which benefits service users and commissioners of our services.

The Strategy provides a structure within which Caritas Care can deliver its charitable objects. We will focus our resources and energies on the activities, which will best serve the Caritas Care community and the people we support, in ways that recognise and respond to the current challenges facing social care and service providers. The Strategy prioritises:

e Aresponsive approach to demands for our services
e Maintaining Financial stability
e Commitment to our mission, vision and charitable objects e The provision of high quality care and support
e Raising awareness and measuring success

In setting out Caritas Care’s Strategic goals, they will promote sustainability, prioritise the needs of service users, and increase our visibility, skills and service quality. The goals reflect the unique contribution that Caritas Care makes as a social care provider in a volatile, unstable and competitive market, as we work to deliver our aspirations and build a better future for our service users. We aim

Page 10 of 33

Caritas Care Limited

to strengthen the Caritas Care ‘family’, build trust, enhance our sustainability and extend our reach to offer more people the chances, choices and opportunities to live the best lives that they can.

Our Challenges in achieving our strategic objectives are:

® Tosecure the long-term sustainability of the services currently delivered by Caritas Care. Our Goal is to establish clarity in our service offer and have a clear focus on our core business.
e To maintain effective systems, processes and staffing structures to maximize our income generation. Our Goal is to operate a robust financial model and maintain a pro-active approach to managing finance, which will inform the strategic direction of the charity.
e Toensure that our staff team understand their role and share the values of the charity in order to make our mission and vision a reality. Our Goal is to have a staff team who understand their role in supporting the strategic direction of the charity and how what they do on a day to day basis links to our mission and vision.
e Tomaintain our current Ofsted and CQC ratings and continue to strive for excellence across our services. Our Goal is to promote the quality and effectiveness of our services though the engagement of service users; marking the charity as an excellent provider maintaining the highest standards in all our work.
e Achange in key personnel both internally and externally could compromise relationships. Our Goal is to maintain and strengthen our relationships with commissioners and be the ‘go to’ provider for all of our services.
e To maintain our place as a recognised and reputable provider of social care in a ‘crowded marketplace’ through a robust marketing strategy. Our Goal is to increase visibility of Caritas Care and the services we deliver across our geographical footprint to promote service user choice, reach more people and build our supporter base.

Additionally, we will ensure our Board of Trustees are compliant with the Charity Commission Governance code.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The Trustees have responsibility for the strategic direction of the charity, ensuring that it is financially sound, well-run, and delivering the charitable outcomes for the public benefit for which it was set up.

Appointment to the Board of Management is by election of the members by simple majority. Appointment is for a maximum period of three years; there is no restriction on reappointment. One third of Trustees retire by rotation each year. The Board elects its Chair and Vice Chair from its members.

The Board seeks to ensure a good mix of experience and expertise, including local government, finance, legal, human resources, marketing, education, health, commercial business, and experience relevant to the services the charity provides.

When the need for recruitment is identified, vacancies are advertised and applicants are interviewed by a small panel of Trustees, which includes the Chair, and the CEO.

Page 11 of 33

Caritas Care Limited

Appointments are recommended to and confirmed by the full Board. All Trustee appointments are subject to a satisfactory enhanced disclosure check from the Disclosure and Barring Service and references.

The Board of Trustees also appoints the Chief Executive Officer (CEO), who is accountable to the Trustees for the day-to-day operation of the charity, and for implementing strategy approved by the Trustees. The CEO is salaried and not a Trustee. No Trustee has any financial interest in or receives any remuneration for his or her services as a Trustee, but may be reimbursed for reasonable and necessary expenses.

Organisational structure

A list of Trustees is shown on page 14. The Trustees of Caritas Care are collectively referred to as the Board of Management (Board) which is responsible for the strategic management ofthe Charity. The Board meets four times a year and a Finance Committee meets between Board meetings. The Charity’s Health and Safety Group also meet quarterly or as required.

The Trustees agree the strategic direction of the Charity and ensure that this is in accordance with its mission and ethos. Operational management is delegated to the CEO who is supported by a senior leadership team (SLT). Each area of service and activity is managed by a service manager who report to the SLT. Various structures are in place to ensure cohesion across the Charity. The SLT generally meets each week and a forum of key service managers meets every six weeks. This enables the Charity to be constantly learning and developing through the sharing of experience, development of procedures and the cascading of policy developments.

The Trustees receive a comprehensive annual spending plan and budget for their scrutiny and adoption. All service developments are reported to the Trustees, plans are considered by the Board and costing implications examined by the Finance Committee. There is delegated spending authority approved through financial protocols, which set prudent limitations on all levels of management. These protocols are reviewed annually. Any deviations from budget occurring are reported to the Board of Management at the earliest opportunity. It is at Board level that all decisions are made about the development of new services or activities.

Induction and training of new trustees

New Trustees undergo an induction process to brief them on their legal obligations under Charity and Company Law, the content of the Memorandum and Articles of Association, the ethos, vision, mission and values of Caritas Care, the recent financial performance of the Charity and the financial projections.

New Trustees are given an Induction Pack, which contains key Charity Commission guidance on their roles and responsibilities. During the induction process, new Trustees meet with key operational employees and have opportunities to visit projects and services. Where this is not possible virtual meetings are arranged to introduce new Trustees to service managers. The Trustees attend development and training events and are linked with services and projects where this may aid their appreciation and understanding of Caritas Care and facilitate their functioning as trustees. Bi-annual Trustee development days are arranged to consider the future direction and development of the Charity.

Key management remuneration

The salary of the senior staff is reviewed periodically by the Trustees. It is benchmarked against pay levels in other charities of a similar size operating within the sector.

Page 12 of 33

Caritas Care Limited

Risk management

We have a robust approach to managing risk. A Business Continuity Plan is reviewed and presented to the Board annually and the Trustees at every Board meeting consider a Risk Register. A finance Risk Register is reviewed at each meeting of the Finance Committee and incorporated into the full risk register which is scrutinised by the Board.

Senior members of the Charity's staff sit on appropriate bodies, both to contribute to the development of our services and ensure that Trustees are furnished with relevant information to aid their discernment of planning, opportunity and risk.

Much of the Charity's approach to risk is determined by a thorough appreciation of the environment in which the Charity operates, and by ensuring that appropriate, experienced and qualified members of staff are recruited and appropriately trained. - Financial risks are managed through scrutiny of cash flow, monitoring practices, and the implementation of rigorous financial controls and procedures for the authorisation of all transactions and projects. Trustees receive information about the financial position of the Charity on a monthly basis.

Risk associated with the employment of staff is minimised through a contract with external employment and legal advisers. This contract indemnifies the Charity against legal challenge where the Charity follows the explicit guidance of advisors.

The Senior Leadership Team evaluates each service and project on a quarterly basis using the Balanced Scorecard performance monitoring system, where risks and assessment of delivery is considered. The results are then communicated to the Trustees at the following Board Meeting.

The Charity's insurance arrangements are regularly reviewed, and opinion is sought whenever a new area of risk, such as a new project, is identified.

A Health & Safety Group, drawn from the staff team and Trustees, audits the measures taken to secure the wellbeing of its staff, visitors and those who use its services and premises; Caritas Care has an approved Health & Safety Policy.

Trustees have all undertaken refresher safeguarding training.

The Trustees' Appreciation

The Trustees express their appreciation of the work of our volunteers whose commitment and support have assisted the Charity to deliver its charitable objects during the course of 2024-25. Each year Caritas Care benefits from the generosity of the people of the North West who support organised fundraising events and those who make individual donations and bequests. The Trustees appreciation, therefore, extends to our individual donors and funders who continue to show their confidence in the Charity through their support and encouragement to continually develop our services.

Finally, the Trustees extend their sincere thanks and appreciation to the staff whose professionalism, commitment and personal values have enabled the Charity to achieve so much in a climate, which continues to offer considerable challenge. Through the commitment of our staff team and volunteers, Caritas Care has been able to make a positive difference to the lives of children and young people, families, adults who have disabilities, and those marginalised and vulnerable groups of people with whom we have worked through the year.

Page 13 of 33

Caritas Care Limited

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 1596400

Registered Charity number 326021

Registered office 218 Tulketh Road Ashton Preston Lancashire PR2 1ES

Trustees Andrew Bennett Angela Bowman Michael Fetherstone Ahmad Ghiassi Jo Higham Mary Leavy Stuart Lee Anne-Marie Morgan Catherine Parkinson Adam Roberts Tracy Woods

Resigned 19-8-24 Appointed 26-3-25

Resigned 1-5-25 Resigned 10-5-25

Resigned 15-8-24

Company Secretary & CEO Susan Swarbrick

Auditors Wallwork Nelson & Johnson Registered Auditor Chandler House 7 Ferry Road Office Park Riversway Preston

Solicitors Harrison Drury & Co Ltd 76 Church Street, Lancaster LA1 1ET

Morecrofts 2 Crown Buildings Liverpool Road Crosby Liverpool Joseph A Jones & Co LLP, 6 Fenton Street Lancaster

Page 14 of 33

Caritas Care Limited

Napthens

7 Winckley Square Preston Medical Advisor Dr G Hobbs C/o 218 Tulketh Road Ashton Preston Bankers HSBC Bank 35 Market Street Lancaster CAF Bank 25 Kings Hill Avenue West Malling Kent

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees (who are also the directors of Caritas Care Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally 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 Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the trustees are required to:

e select suitable accounting policies and then apply them consistently; e observe the methods and principles in the Charity SORP e make judgements and estimates that are reasonable and prudent e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business

The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity and to 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:

e there is no relevant audit information of which the charity’s auditors are unaware; and e the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are awareofthat information.

Page 15 of 33

Caritas Care Limited

AUDITORS

The auditors, Wallwork Nelson & Johnson, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the Board of Trustees on 23 July 2025 and signed on its behalf by:

S B Swarbrick - Secretary

Page 16 of 33

Caritas Care Limited

;

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CARITAS CARE LIMITED FOR THE YEAR ENDED 31 MARCH 2025

Opinion

We have audited the financial statements of Caritas Care Limited (the ‘Charitable Company’) for the year ended 31 March 2025, which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and Notes to the Financial Statements, 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 Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

e give a true and fair view of the state of the charitable company’s affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure for the year ended;
e have been properly prepared in accordance with the United Kingdom Generally Accepted Accounting Practice; and
e have been prepared in accordance with the requirements of the Companies Act 2006

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the Charitable Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern 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 to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the independent Auditors thereon.

Page 17 of 33

Caritas Care Limited

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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 to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

e the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements ; or
e the Charity has not kept adequate accounting records; or
e the financial statements are not in agreement with the accounting records and returns; or e we have not received all the information and explanations we require for our audit.

Responsibilities of Trustees

As explained more fully in the Statement of Trustees’ Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charitable Company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors 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 to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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 misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Page 18 of 33

. ;

Caritas Care Limited

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

e Enquiry of management and those charged with governance around actual and potential litigation and claims.
e — Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations.
e Reviewing minutes of meetings of those charged with governance.
e Reviewing financial statement disclosures and testing to support documentation to assess compliance with applicable laws and regulations.
e Auditing the risk of management override of controls and evaluating the business rationale of significant transactions outside the normal course of business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the Charity’s Trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charity’s trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for our audit work, for this report, or for the opinions we haveare \ahhtL Woe «Gel Wallwork Nelson & Johnson

Registered Auditor

Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006

Chandler House. 7 Ferry Road Office Park Riversway Preston Lancashire

Date: 23 July 2025

Page 19 of 33

Caritas Care Limited

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |31/3/2025|31/3/2024| |Unrestricted|Restricted|Total|Total| |Notes|Funds|Funds|Funds|Funds| |£|£|£|£| |INCOME AND|ENDOWMENTS|FROM| |Operating|Income|2|8,125,191|93,617|8,218,808|8,046,332| |Investment|Income|3|66,050|-|66,050|43,337| |Total|8,191,241|93,617|8,284,858|8,089,669| |EXPENDITURE|ON| |Raising|funds|4|2,832|369|3,201|1,720| |Charitable|Activities|5| |General|7,748,946|1,076|7,750,022|7,603,045| |Caritas|Care|Dancers|-|4,153|4,153|2,161| |Donations|and|Fundraising|-|17,352|17,352|13,761| |Big|Lottery|Fund-PCC|-|25,871|25,871|32,132| |Community|Grants|=|48,860|48,860|23,301| |Total|7,751,778|97,681|7,849,459|7,676,120| |NET INCOME/(EXPENDITURE)|439,463|(4,064)|435,399|413,549| |RECONCILIATION|OF|FUNDS| |Total|funds|brought forward|2,022,499|26,693|2,049,192|1,635,643| |TOTAL|FUNDS CARRIED|FORWARD|2,461,962|22,629|2,484,591|2,049,192|

----- End of picture text -----

Page 20 of 33

Caritas Care Limited

BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025

	Notes	2025	2024
		£	£
FIXED ASSETS
Tangible Assets	11	397,257	399,426
Investments
Investment Property	12	364,000	174,000
		761,257	573,426
CURRENT ASSETS
Debtors	13	956,000	831,126
Cash at Bank		1,779,240	1,573,690
		2,735,240	2,404,816
CREDITORS
Amounts fallingduewithin oneyear	14	(1,011,906)	(929,050)
NETCURRENTASSETS		1,723,334	1,475,766
TOTALASSETS LESSCURRENT
LIABILITIES/NETASSETS		2,484,591	2,049,192
FUNDS	15
Unrestricted funds		2,461,962	2,022,499
Restricted funds		22,629	26,693
TOTALFUNDS		2,484,591	2,049,192

The Charity is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The Trustees acknowledge their responsibilities for

a. Ensuring that the Charity keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
b. Preparing financial statements which give a true and fair view of the state of affairs of the Charitable Company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Charity.

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011. These financial statements have been prepared in accordance with the special provisions of part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the Charitable Company.

The financial statements were approved by the Board of Trustees on 23 July 2025 and were signed on its behalf by:

Trustee

Page 21 of 33

Caritas Care Limited

CASHFLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

			2025	2024
		Notes	£	£
	Cash flowsfrom operating activities
	Cash generated from operations	1	385,298	655,286
	Net cash provided byoperating
	activities		385,298	655,286
	Cash flowsfrom investing Activities
	Purchase ofInvestment Property		(190,000)	-
	Purchase oftangible assets		(43,759)	(109,739)
	Sale oftangible assets		11,005	18,544
	Investment Income received		43,006	29,314
	Net cash used in
	investing activities		(179,748)	(61,881)
	Change in cash and cash equivalents in
the reporting period			205,550	593,405
	Cash and cash equivalents atthe
	beginning ofthe reportingperiod	2	1,573,690	980,285
	Cash and cash equivalents atthe end of
the reporting period		2	1,779,240	1,573,690
NOTESONTHE CASH FLOW STATEMENT
1	RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASHFLOW FROM			OPERATING
	ACTIVITIES
			2025	2024
			£	£
	Net Income forthe reporting period (as
	perthe statement offinancial
	activities)		435,399	413,549
	Adjustment for:
	Depreciation charges		44,744	40,128
	Profiton disposal offixed assets		(9,821)	(8,161)
	Investment income received		(43,006)	(29,314)
	(Increase)/decrease in debtors		(124,874)	66,097
	Increase in creditors		82,856	172,987
	Net cash provided byoperating
	activities		385,298	655,286
2	ANALYSIS OF CHANGES IN NET FUNDS
		At 1/4/24	Cashflow	At 31/3/25
		E	£	£
	Net Cash
	CashatBank	1,573,690	205,550	1,779,240

Page 22 of 33

Caritas Care Limited

NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the Charitable Company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting 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 (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - not provided Improvements to property - 20% on cost Fixtures and fittings - 25% on cost Motor vehicles - 25% on reducing balance Computer equipment - 33% on reducing balance

The policy of not providing depreciation on all freehold buildings is a departure from the Companies Act 2006 and FRS15 paragraph 84 but is necessary to give a true and fair view. It is the Charity's policy to maintain buildings to such a standard, and their residual values are such that depreciation is not significant, consequently certain freehold buildings are not depreciated.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Page 23 of 33

Caritas Care Limited

Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension Contributions

Caritas Care is an admitted body to Lancashire County Pension Scheme. This scheme is a multiemployer defined benefit scheme, which is funded by contributions from employees and employers. Members of the Pension scheme may also contribute added years to the scheme or take out an additional voluntary contribution scheme, each of which is funded by the employee alone. New and existing staff who are not members of the Local Government Pension Scheme (LGPS) are automatically admitted to the Peoples Pension auto enrolment scheme, unless they exercise their right to opt out of the scheme.

The County Treasurer's Department of Lancashire County Council administers the LGPS scheme after taking advice from the scheme’s actuaries William M Mercer. It is managed in accordance with the Local Government Pension Scheme Regulations 1997, (as amended). Past and present employees are covered by the provisions of the Scheme.

The Trustees are unable to confirm the Charity’s share of the underlying assets and liabilities of the Lancashire County Pension Scheme and therefore the Scheme is accounted for as a defined contribution scheme. This treatment is permissible under FRS 102, under the provisions of multiemployer schemes. The LGPS provides that in the event that a single employer has individuals contributing to the scheme then any remaining liability for benefits payable under the scheme fall on that employer. Since the main participating employers are statutory bodies, the Trustees consider it highly improbable that such a liability will ever fall to the Charity.

2 OPERATING INCOME

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Grants|and|Fees|8,218,808|8,046,332| |8,218,808|8,046,332| |Grants|and|fees|received,|included|in|the|above|are|as follows: follows:| |2025|2024| |£|£| |Big|Lottery|Fund-PCC|25,871|32,132| |Donations|and|Fundraising|196,995|22,689| |Grants|&|Fees|7,941,025|7,962,103| |Caritas|Care|Dancers|6,057|4,107| |Community|Grants|48,860|25,301| |Total cash and|cash|equivalents|__ 8,218,808|8,046,332 _|

----- End of picture text -----

Grants and fees received, included in the above are as follows: follows:

Page 24 of 33

Caritas Care Limited

----- Start of picture text -----
|||||| |---|---|---|---|---| |3|INVESTMENT|INCOME| |2025|2024| |£|£| |Rental|Income|23,044|14,023| |Investment|Income|43,006|29,314| |66,050|43,337| |4|RAISING|FUNDS| |2025|2024| |£|£| |Raising|donations|and|legacies| |Fundraising|costs|3,201|1,720| |3,201|1,720| |5|CHARITABLE|ACTIVITIES COSTS| |2025|2024| |£|£| |General|7,750,022|7,603,045| |Donations|and|Fundraising|17,352|13,761| |Big|Lottery|Fund-PCC|25,871|32,132| |Caritas|Care|Dancers|4,153|2,161| |Community|Grants|48,860|23,301| |7,846,258|7,674,400| |6|NET INCOME/(EXPENDITURE)| |2025|2024| |£|£| |Net|Income/(Expenditure)|is|stated| |after|charging/(crediting):| |Depreciation|— owned|assets|44,744|40,128| |Profit on|disposal|of assets|(10,005)|(10,198)| |Loss on|disposal|of assets|184|2,037|

----- End of picture text -----

7 TRUSTEES’ REMUNERATION, BENEFITS AND EXPENSES

There were no Trustees’ remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

There were no Trustee’s expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Legal fees of £4,000 were accrued in 2023-24 in respect of legal costs relating to the preparation of the lease on Bannister House. A further £4,642 was charged in 2024-25, in respect of the completion of the lease on Bannister House together with legal fees pertaining to the conveyance to the Charity of 11 Stephendale Avenue and the subsequent lease of that property to a tenant. These fees relate to Harrison Drury, the firm of Solicitors where Michael Fetherstone is a consultant. They were incurred after Michael Fetherstone became a Trustee of the Charity. Mr Fetherstone did not act on behalf of the Charity in respect of these commissions.

Page 25 of 33

Caritas Care Limited

8 STAFF COSTS

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Wages|and|Salaries|4,354,418|4,157,845| |Social|Security|Costs|363,654|341,250| |Pension|Costs|301,401|355,441| |5,019,473|4,854,536| |The|average|monthly|number|of employees|during|the|year was|as|follows:| |2025|2024| |Direct|Charity workers|126|140| |Management|and|administration|14|14| |140|154| |The|number|of employees|whose|employee|benefits|(excluding employer|pension|costs)|exceeded| |£60,000|was:| |2025|2024| |£60,001|- £70,000|1|2| |£70,001 — £80,000|1|1|

----- End of picture text -----

In addition, the Charity benefitted from the service of over 30 Volunteers. No remuneration was paid to these individuals.

9 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |2024| |Unrestricted|Restricted|Total| |Notes|Funds|Funds|Funds| |£|£|£| |INCOME AND|ENDOWMENTS|FROM| |Operating|Income|7,972,980|73,352|8,046,332| |Investment|Income|43,337|-|43,337| |Total|8,016,317|73,352|8,089,669| |EXPENDITURE|ON| |Raising funds|1,400|320|1,720| |Charitable|Activities| |General|7,598,573|4,472|7,603,045| |Caritas|Care|Dancers|-|2,161|2,161| |Donations|and|Fundraising|-|13,761|13,761| |Big|Lottery|Fund-PCC|-|32,132|32,132| |Community|Grants|-|23,301|23,301| |Total|7,599,973|76,147|7,676,120| |NET INCOME|416,344|(2,795)|413,549| |RECONCILIATION|OF|FUNDS| |Total|funds|brought forward|1,606,155|29,488|1,635,643| |TOTAL FUNDS CARRIED FORWARD|2,022,499|26,693|2,049,192|

----- End of picture text -----

Page 26 of 33

—

Caritas Care Limited

10 PENSION

Caritas Care is an admitted body to Lancashire County Pension Scheme. This scheme is a multiemployer defined benefit scheme. Contributions are charged in the Statement of Financial Activities as they accrue. The contributions not paid over to the scheme administrator at the year-end were £24,626 and are included in creditors.

The most recent triennial review of the scheme was undertaken in 2022-23 and asa result the Charity’s employer contributions to the scheme have been revised to 23.1%. There is no longer a requirement to pay additional sums in respect of past members as the scheme was fully funded at the point of the triennial review.

Staff not members of the local government pension scheme were admitted to the Peoples Pension auto enrolment scheme. The Charity makes a contribution of 3% for all members ofthis scheme except where the employee was previously a member of the stakeholder scheme or where the member of staff would have been admitted to the stakeholder scheme. In these instances, an 8% employer's contribution is made. The value of contributions not paid over to the scheme administrator at the year-end was £13,777 and is included in creditors.

The total employer contributions made for the accounting period are treated as an expense and were £301,401 (2024 £355,441).

11	TANGIBLE FIXED ASSETS
		Freehold	Improvements	Fixtures
		Property	to Property	and Fittings
		£	£	£
COST
	At 1 April 2024	287,992	409,512	86,755
	Additions	-	25,371	8,263
	Disposals	-	-	(10,620)
	At 31 March 2025	287,992	434,883	84,398
DEPRECIATION
	At 1 April 2024	-	327,956	82,597
	Chargefortheyear	-	29,597	4,740
	Eliminated on Disposal	-	-	(10,620)
	At31 March 2025	-	357,553	76,717
NETBOOK	BOOKVALUE
	At 31 March 2025	287,992	77,330	7,681
	At31March2024	287,992	81,556	4,158

Page 27 of 33

Caritas Care Limited

	Motor	Computer	Totals
	Vehicles	Equipment
	£	£	£
COST
At 1 April 2024	40,155	59,363	883,777
Additions Disposals	6,000 (4,500)	4,125 (13,122)	43,759 (28,242)
At 31 March 2025	41,655	50,366	899,294
DEPRECIATION
At 1 April 2024	27,599	46,199	484,360
Charge forthe year	4,986	5421	44,744
Eliminated on Disposal	(4,189)	(12,249)	(27,058)
At 31 March 2025	28,396	39,371	502,037
NET BOOKVALUE
At31 March 2025	13,259	10,995	397,257
At 31 March 2024	12,556	13,164	399,426
In March 2011, Vincent House, 61 Furness Avenue, Blackpool was transferred to Caritas Care when
assumed responsibility for the work of the Charity ‘Homeless in Blackpool’. This property has been
valued in 2006, by Michael Cuddy, Associates at £250,000. The valuation prepared by HDAK in April
2013 was £215,000.
On 4 April 2025 the Charity’s FX Service ceased to use Bannister House as its operational			base. The
service moved to a leased property on Athol Street Preston. A lease agreement has been agreed for
Bannister House with new tenants taking possession on 7 April 2025.		In the 2025-26 financial
statements this property will be classified as an investment property.
12 INVESTMENT PROPERTY
			£
FAIR VALUE
At 1 April 2024			174,000
Acquisitions			190,000
At 31 March 2025			364,000
NET BOOKVALUE
At31 March 2025			364,000
At31March2024			174,000

In March 2011, Vincent House, 61 Furness Avenue, Blackpool was transferred to Caritas Care when it assumed responsibility for the work of the Charity ‘Homeless in Blackpool’. This property has been valued in 2006, by Michael Cuddy, Associates at £250,000. The valuation prepared by HDAK in April 2013 was £215,000.

On 4 April 2025 the Charity’s FX Service ceased to use Bannister House as its operational base. The service moved to a leased property on Athol Street Preston. A lease agreement has been agreed for Bannister House with new tenants taking possession on 7 April 2025. In the 2025-26 financial statements this property will be classified as an investment property.

12 INVESTMENT PROPERTY

18 Belvedere Road was transferred to Caritas Care when the Charitable Company took responsibility for the operations of Homeless in Blackpool on 14 March 2011. An estimate of the sale value of this property obtained (February 2025) from Zoopla property portal website is £185,000 - £226,000 based on the valuation of similar properties in the area. Given the fluctuations in the property market and modernisation, which would be required, the value of this property is recorded in the financial statements at £110,000, its value at the date of transfer.

In 2016- 2017 it was decided that the office owned by the Charity at 2 Rodney Street, Barrow, which is a terrace house, should be refurbished and offered as a rental property. This property, which is now tenanted, has been reclassified as an investment property and has been revalued accordingly. In 2017 the property was valued by Duxbury's at £64,000. A recent property search on Zoopla, indicated that

Page 28 of 33

Caritas Care Limited

the value of the property is now in the region of £80,000 - £119,000. Again, given the fluctuations in the market, to be cautious the property has not be restated at this increased value.

During 2005 the Charity received notification that it is the ultimate beneficiary in the will of the late Thomas Wilson. Under the terms of the will the Charity had been gifted a freehold interest at 11 Stephendale Avenue, Bamber Bridge, Preston, subject to a life interest that has been granted to the current tenant. In view of the uncertainties inherent in the term of the legacy no amounts had been included in the Financial Statements. During 2024-25 the Trustees of the estate determined to execute the trust, and the property was transferred to Caritas Care. This property is now tenanted. The property has been valued by Bridgfords at £190,000. The property has been included at this value as an investment property.

13 DEBTORS: AMOUNTS FALLING	DUEWITHIN ONE YEAR	DUEWITHIN ONE YEAR
			2025	2024
			£	£
Trade Debtors			903,809	775,945
Prepayments			52,191 956,000	55,181 831,126
14 CREDITORS:AMOUNTS FALLING DUE WITHIN ONEYEAR		YEAR
			2025	2024
			£	£
Trade Creditors			543,589	492,912
Social Security and other taxes			75,905	89,257
Other Creditors			166,223	167,217
Accruals and Deferred Income			226,189	179,664
			1,011,906	929,050
Deferred Income
				£
Balance as at 1 April 2024				179,664
Amounts Deferred in theyear				(45,140)
Amounts Released in theyear				91,665
Balance as at 31March 2025				226,189
15 MOVEMENT IN FUNDS
	2024	Movement	Transfers	2025
		in funds	Between
			funds
	£	£	£	£
Unrestricted Funds
General Fund	1,358,107	439,463	(113,170)	1,684,400
Redundancy Reserve	597,236	-	113,170	710,406
ICT Reserve	26,000	-	-	26,000
Property Maintenance Reserve	41,156	-	-	41,156
	2,022,499	439,463	-	2,461,962
Restricted Funds
Donations and Fundraising	5,992	(4,892)	-	1,100
Caritas Care Dancers	1,946	1,904	-	3,850
Legacies	13,651	-	-	13,651

Page 29 of 33

Caritas Care Limited

LDS Vehicles	4,104	(1,076)	-	3,028
OtherCommunity Grants	1,000	-	-	1,000
	26,693	(4,064)	-	22,629
TOTAL FUNDS	2,049,192	435,399	-	2,484,591
Netmovement in funds, included in the above,are as follows:
	Incoming	Resources	Gainsand	Movement
	Resources	Expended	Losses	in Funds
	£	£	£	£
Unrestricted Funds
General Fund	8,191,241	(7,751,778)	-	439,463
Restricted Funds
Donations and Fundraising	12,829	(17,721)	-	(4,892)
CaritasCare Dancers	6,057	(4,153)	-	1,904
Big Lottery Fund PCC	25,871	(25,871)	-	-
LDS Vehicles	-	(1,076)	-	(1,076)
OtherCommunity Grants	48,860	(48,860)	-	-
	93,617	(97,681)		(4,064)
TOTAL FUNDS	8,284,858	(7,849,459)		435,399
Comparatives formovement infunds
	At	Movement	Transfers	31/3/2024
	1/4/2023	infunds	Between
			funds
	£	£	£	£
Unrestricted Funds
General Fund	926,293	416,344	15,470	1,358,107
Redundancy Reserve	612,706	-	(15,470)	597,236
ICT Reserve	26,000	-	-	26,000
Property Maintenance Reserve	41,156	-	-	41,156
	1,606,155	416,344	-	2,022,499
Restricted Funds
Donations and Fundraising	6,261	1,677	-	7,938
Legacies	13,651	-	-	13,651
LDSVehicles	8,576	(4,472)	-	4,104
OtherCommunity Grants	1,000	-	-	1,000
	29,488	(2,795)	-	26,693
TOTALFUNDS	1,635,643	413,549	-	2,049,192

Comparatives for movement in funds

Page 30 of 33

rt.

Caritas Care Limited

15 MOVEMENT IN FUNDS continued

Comparative net movement in funds, included in the above are as follows:

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Incoming|Resources|Gainsand|Movement| |Resources|Expended|Losses|in|Funds| |£|£|£|£| |Unrestricted|Funds| |General|Fund|8,016,317|(7,599,973)|-|416,344| |Restricted|Funds| |Donations|and|Fundraising|13,812|(14,081)|-|(269)| |Caritas Care|Dancers|4,107|(2,161)|-|1,946| |LDS Vehicles|-|(4,472)|-|(4,472)| |Big|Lottery|Fund|PCC|32,132|(32,132)|-|-| |Other Community|Grants|23,301|(23,301)|-|-| |73,352|(76,147)|-|(2,795)| |TOTAL|FUNDS|8,089,669|(7,676,120)|-|413,549| |current year year|12 months and months and and|prior year year|12 months combined months combined combined|position|is|as follows: follows:| |At|Movement|Transfers|31/3/2025| |1/4/2023|in|funds|Between| |funds| |£|£|£|£| |Unrestricted|Funds| |General|Fund|926,293|855,807|(97,700)|1,684,400| |Redundancy|Reserve|612,706|-|97,700|710,406| |ICT|Reserve|26,000|-|-|26,000| |Property|Maintenance|Reserve|41,156|-|-|41,156| |1,606,155|855,807|-|2,461,962| |Restricted|Funds| |Donations|and|Fundraising|6,261|(5,161)|-|1,100| |Caritas|Care|Dancers|-|3,850|-|3,850| |Legacies|13,651|-|-|13,651| |LDS Vehicles|8,576|(5,548)|-|3,028| |Other Community|Grants|1,000|-|-|1,000| |29,488|(6,859)|-|22,629| |TOTAL FUNDS|1,635,643|848,948|-|2,484,591|

----- End of picture text -----

A current year year 12 months and months and and prior year year 12 months combined months combined combined position is as follows: follows:

Page 31 of 33

Caritas Care Limited

15 MOVEMENT IN FUNDS continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Gainsand	Movement
	Resources	Expended	Losses	in Funds
	£	£	£	£
Unrestricted Funds
General Fund	16,207,558	(15,351,751)	-	855,807
Restricted Funds
Donations and Fundraising	26,641	(31,802)	-	(5,161)
CaritasCare Dancers	10,164	(6,314)	-	3,850
Big Lottery Fund PCC	58,003	(58,003)	-	-
LDS Vehicles	-	(5,548)	-	(5,548)
OtherCommunityGrants	72,161	(72,161)	-	-
	166,969	(173,828)	-	(6,859)
TOTALFUNDS	16,374,527	(15,525,579)	-	848,948

The Redundancy Reserve is an amount designated by the Trustees. The value of the reserve represents the minimum value of reserves required to meet the Charity's obligations to pay redundancy should the Charity cease to operate. The value of this reserve is calculated annually at 31 March and any additional designations or reductions in the fund are reflected in the Financial Statements.

The Trustees considered the ongoing operational requirement to invest in the maintenance and capacity of the Charity's buildings and information technology. The Trustees have determined that a designated reserve should be established to set aside funds for property maintenance and improvement. There have been no additional designations made to these reserves in the year, nor have any of the funds been expended.

16 CAPITAL COMMITTMENTS

The Charity did not have any capital commitments at the end of the year (2024 fnil)

17 RELATED PARTY TRANSACTIONS

There were no other related party transactions for the year ended 31 March 2025 (2024 £nil)

18 POST BALANCE SHEET EVENTS

There were no post balance sheet events for 2024-25 or 2023-24.

Page 32 of 33

;

Caritas Care Limited

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

	31/3/2025	31/3/2024
	£	£
INCOMEAND ENDOWMENTS
Donationsand Legacies
Grants and donations	8,218,808	8,046,332
Investment Income
Rental Income	23,044	14,023
Other Investment Income	43,006	29,314
	66,050	43,337
Total Incoming Resources	8,284,858	8,089,669
EXPENDITURE ON
Raising Donationsand Legacies
Fund Raising costs	3,201	1,720
Charitable Activities
Direct Charitable Activities	7,846,258	7,674,400
Total ResourcesExpended	7,849,459	7,676,120
NetIncome/(Expenditure)	435,399	413,549

Page 33 of 33