St Cuthbert's Care
(A company limited by guarantee)
Annual Report
for the year ended 31 March 2024
Registered Number 1645917
Registered Charity Numbèr 512912

St Cuthbert's Care
Annual Report
for the year ended 31 March 2024
Contents
Directors and Advisors .
Directors. report (including the strategic report)
Independent auditors, report lo the members of St Cuthbert's Care........................................................10
Statement of financial activities (incorporating an Income and Expenditure Account)..........................12
Reconciliation of funds .
13
Balance sheet as at 31 March 2024.. ................................................................
14
Statement of Cash Flows.-........................................
Accounting policies .
Notes lo the financial statements..
15
16
.20

St Cuthbert's Care
Directors and Advisors for the year ended 31 March 2024
The directors of the company who were in office during the year and up to the date of signing the
financial statements were:
Directors
Right Rev. Bishop S Wright
Mr M Dickson
Mr N Gilbert
Mrs A Johnson
Dr K Mannix
Mr P Moran
Mrs K Urwin
(Appointed 23 August 2023)
(Chief Executive)
(Chair}
Company secretary and registered office
Mrs J Nichol
St Culhbert's House
West Road
Newcastle upon Tyne
NE15 7PY
Independent Auditors
CLA Evelyn Partners Limited
17 Queens Lane
Newcastle upon Tyne
NE1 1RN
Solicitors
Muckle LLP
Time Central
32 Gallowgale
Newcastle upon Tyne
NE14BF
Bankers
National Weslminsler Bank PLC
16 Northumberland Street
Newcastle upon Tyne
NE17EL

St Cuthbert's Care
Directors, report for the year ended 31 March 2024
The t)irectors present their strategic report for the year ended 31 March 2024.
Objectives and activities
The Charity's Statement of Purpose reads-.
st Cuthbert's Care is a charity working for the common good by
enabling people to develop to Iheir personal potential
The Charity's Vision reads=
To achieve excellence in all that we do
The Charity is a frontline registered care provider which benefits the public as a whole and the core services below
represent the Charity's principal activities..
residential care homes for children, including fostering.,
a range of residential and day services for disabled children and adults,. and
o nursing and residential care homes for older people.
In addition, the Charity fundraises to provide services to support the most impoverished and disadvantaged people
acr055 the North East.
The Charity's strategic Five-year Plan for 2020-2025, was originally approved by the Directors in 2019, with progress
reviewed during this period. The Directors have approved the Charity's next Five-year Plan for the period 2025-2030,
more details are provided in the plans for future periods section of this report.
The Direclors have reviewed the Charity's Statement of Purpose, together with its Vision and Aims and Objectives
and are satisfied thatthe Charity continues to meet the requirements ofthe Charity Commission's guidance on public
benefit.
Achievements and performance
The Charity'5 activities include a broad range of complex care services across the North East. regulated by Ofsted
for children's setvices and the Care Quality Commission {CQCI for adult services. The regulators undertake planned
and unannounced inspections. These inspections offer an independent measure of the Charity's performance and
all of the Charity's services are rated "Good" or"Outstanding'. The charity's day cenlres for people with disabilities
are not regulated areas of work.
The Charity's regulated serwices, that are independently rated, reflect the high standards and quality care that are
delivered by the Charity's care teams. The Charity's Vision is "lo achieve excellence in all that it does" and Ihere can
be no better measure of the Charity's performance than the feedback received from residents, families, our teams
and fellow professionals. The Directors consider these testimonials to be a direct demonstration of the Charity's
Values and progress. More detail can be accessed from the Charity's Annual Review. website and social media
pages al htl s'.Illinktr.eelstculhbertscare.

St Cuthbert's Care
The Charity's significant achievements this year include=
st Catherine's Nursing Home becoming the first care home in Newcastle lo be accredited with the prestigious
Gold Standard Framework (GSF) Hallmark Quality Award for end-of-life care. This national recognition is a
testament lo the exceptional dedication of our team in ensuring residents live with dignity in their final days.
In fact, St Catherine's exceeded expectations during the inspection, achieving an impressive 71 out of 75
points.
Introducing a range of key inilialives across the Charity, focused on employee wellbeing and professional
development. Enabling ernployees to share ideas or concerns so that we can support them beller. During
the year we trained 17 Mental Health First Aiders across our services so they can respond lo employees
needing support either professionally or personally and were awarded the "Good Work Pledge" which
recognises the Charity's commitment to fair wages, qua5ity jobs and opportunities for personal growth.
Being an acGredited Living Wage Employer is one way the Charity demonstrates how it values ils employees
and rewards them for their continued dedication and care for the people we support. It is becoming
increasing5y difficult to maintain this due lo the funding constraints as demonslraled by other organisations
having to withdraw from the scheme.
As part of our ongoing dedication to continuously improve the lives and comfort of the people we support,
especially those living with dementia, Dr. Ruth Cromarty. our Dementia Lead, has overseen the installation
of circadian lighting in our dementia care areas. This innovative lighting system mimics natural daylight
patterns, helping to improve sleep, mood and daytime alertness. while also reducing the risk of falls.
Opening our second independent living flat at Holy Cross, Sunderland. These modern flats offer the ideal
balance of independence alongside 2417 care and support, giving peace of mind lo both residents and their
families.
Providing over 1,600 free nutritious meals to members of our Alan Shearer Centre and their families, allowing
them to focus on enjoying the centre's activities without the worry of additional costs. These small yet
meaningful actions demonstrate our commitment lo supporting people in ways that make a genuine
difference.
The installation of a state-of-the-art immersive room ha5 quickly become a favourile amongst our members
al the Alan Shearer Activity Cenlre. With ils innovative design, members can explore outer space, dive into
underwater adventures 2nd enjoy interactive activities Ihal engage both visually and audibly, slimulaling the
senses. The regular review and refurbishment of our services is how we ensure they remain relevant lo the
need5 of the people we support.
Financial review
The Statement of Financial Activities for the year is set out on page 12 of the financial slalements. A summary of the
financial results and the work of the Charity is set out below.
The Charity's income increased by 18.66 % 10 £12,517.644 (2023.. £10,549,035). The majority of this increase reflects
the improved occupancy levels in both nursing homes and adult disability service but is offset by below inflation fee
uplifts for all our services. Funding for the social care sector restricts our ability to increase fees to adequately reflect
the cost of providing high quality care. Interest rale rises resulted in increased returns on our cash deposits. During
the latter part of the year we received an unexpected legacy and held the annual fundraiser for the Alan Shearer
Foundation which raised 200/0 more than the previous year.
Fundraising
Donated income from the Charity's 5UPPOrters both directly and via the parishes decreased slightly. Donations and
legacie5 enable the Charity to support the most vulnerable members of society where oflen no other funding is
available, such as our support of Joe's Place in Gateshead, a service supporting vulnerable people and our lunch

St Cuthbert's Care
club in Sunderland which addresses social 1501alion in our older people communities, both of which offer a warm
meal and a friendly chat. The Charity is most grateful la all of ils supporters. Fundraising is co-ordinated by the
Charity's own employees, volunteers and patrons. The charity engaged an external fundraiser during the year, lo
support and increase the income to the Alan Shearer Foundation to fund the activities at the Alan Shearer Activity
Cenlre. Money is raised through voluntary contributions from the Charity's supporters, local businesses and
organised events.
The Alan Shearer Foundation raised £643,638 during the year (2023-. £491,423). The Directors express their most
sincere thanks to patrons, Lainya and Alan Shearer, and family, for their unwavering support of the Charity. They
would also like to acknowledge and thank patron, Mike Browne, for his donations and continued support of Alan's
Foundation since its launch in 2012.
The Charity is registered with the Fundraising Regulator and follows the Code of Fundraising Practice. The Charity
does not participate ir7 any fundraising that niay be considered aggressive or intrusive and has received no complaints
during the year in connection with its fundraising.
Cashflow
The charity's cash balance increased by £811,461 during the year lo £3,314,923, and includes the restricted reserves
of £812,243.
Resources expended
Total expenditure this year increased by 12.10/0 10 £11,811,677 (2023= £10,534,815). This reflects increases in
salaries to our employees to maintain the charity's commitment to remain a real Living Wage Employer and higher
operating costs generally due lo specific inflationary factors affecting the social care sector.
Employees and volunteers
St Cuthbert's Care relies on the skills and dedication of its employees and volunteers to ensure that care services
are person-cenlred and delivered with dignity and compassion. During the year, the Charity had an average of 293
{2023.' 2681 full and part-time employees delivering care and support. Volunteers, through their time and enthusiasm,
add value to the Charity's services, enriching the lives of the Charity's beneficiaries. During the year volunteers
donated over 6,000 hours of their lime to support the charity's activities and beneficiaries. We continue to encourage
volunteering throughout the charity.
The dedication and commitment of our care teams to the charity's beneficiaries ensures they continue lo receive the
best possible care. The training and development of employees not only helps to achieve this for the people we
support but also, in accordance with the Charity's Purpose, seeks lo enable our employees to develop to their
personal potential. We recognise the demands on our teams of working in the social care sector and of life generally
and trained 17 employees to aGI as mental health first aiders lo support their colleagues when in need and additionally
offer a free confidential counselling service available to all our employees.
These actions evidence the Charity's commitment to its employees and very much reflect the Charity's culture in
valuing and respecting every individual.
The Charity's recruitment policies reflect our commitment lo equal opportunities in employment. The Charity lakes
all reasonable steps to employ. train and promote employees based on their values, abilities and qLJalifications
without regard lo age, disability, gender reassignment, marriage or civil partnership, pregnancy and malernily, race
(including colour, nationality and ethnic or national origin), religion or belief or sexual orientation. The Charity is also
an approved user of the Posilive aboutDisabled People symbol, has achieved the Better Health at Work accreditation
and was awarded the "North of Tyne Good Work Pledge" The Charity remains commitled lo maintaining ils status
as an accredited real Living Wage Employer although this is becoming more of a challenge as cost increases continue
lo exceed fee increases.

St Cuthbert's Care
The Charity's gender pay gap report shows that the Charity's workforce is predomin8ntly female - a profile which
reflects the historical wider nature of the social care sector. All employees are paid the same rale for the job grade
regardless of gender.
All new employees and volunteers undertake a thorough programme of induction training. This marks the beginning
of a career-long learning programme at St Cuthbert's Gare. The employee handbook, together with staff association
meetings, inlranel, team meetings and regular briefings help lo keep employees informed of the Charity's initiatives
and performance.
Plans for future periods
The Directors consider the most appropriate way forward for the Charity is lo deliver upon its Five-year Plan for
2025-2030, an outline ofwhich is noted below. The Chief Executive, supported by the senior management team, will
focus upon the implementation of this plan which will generate new income and will Continue to keep the Charity's
employees and beneficiaries at the heart of ils work.
That every service delivers a person-cenlred approach lo support, ensuring that outcomes are specific for the
individual. Progress will be measured by internal reviews by the senior team and externally by regulatory
ralings.
Prioritise employee personal and professional development lo support each individual lo thrive and reach
their personal potential. with the aim of enhancing the quality of care and support, improve employee retention
through internal development opportunities and support succession planning at all levels. Progress is
measured by surveys, internal promotions, and employee turnover rates.
Increase engagement and communication with all stakeholders (people we support. employees & volunteers,
parishes, schools and donors) to improve awareness of the charity's work. Performance measured by survey,
employee turnover, compliments & complaints, donations and network of stakeholders.
A commitment to sustainable practices across all the charity's services in order to reduce the charity's impact
on the environment. Measured by external assessment.
That all revenue generating services generate a surplus. The charity achieves a surplus of 5 % lo ensure the
charity remains financially viable, is able lo invest in its existin9 services and has the resources lo develop
new services lo meet any un-met demand.
Investment in children's residential services including offering a leaving care service to support young people
transitioning from our 2417 residential care to independent living.
Expansion of Fostering North Easl, recruiting additional carers lo improve diversity.
Develop and implement an improvement plan to ensure that care services for older people are independently
financially viable.
Produce a long-term strategic plan for the Holy Cross sile.
Seek opportunities to deliver community I charitable services to embed the charity in the community il serves.
Principal risks and uncertaintles
The Charity's core work is in frontline social care provision, and as noted earlier in this report, risk management is
embedded in every aspect of the Charity's activities. The Directors have considered the Charity's risks and seek lo
rniligate them as far as is practical.
The Directors consider the continued under-funding of services by commissioning bodies that is prevalent across the
whole of the social care sector to be the most significant risk facing the Charity in the short to medium term and
particularly due lo the higher cost of providing services.
In addition, the Charity must operate with high occupancy levels. 11 is essential that high occupancy levels are
maintained lo ensure regular cash flows. In turn, this enables the Charity lo re-invest in ils services. Whilst the
increased occupancies in both our nursing homes are encouraging, further itnprovement is required and our forecasts
and cashflow allow for a gradual improvement in OGGupancy levels throughout the next year.

St Cuthbert's Care
The reputation for delivering high quality care places the Charity al the forefront of excellent care delivery within the
region amongst the placing authorities. The Charity also undertakes robust fee negotiations for every service. In
addition, being a real Living Wage Employer enables the Charity lo attract high calibre and committed employees,
offering stability in a sector where recruilmenl is particularly difficult. Together, these aGlions, supported by a strong
culture of transparency and prudent stewardship, have allowed the Charity lo manage this seclor-wide issue of
underfunding.
The charity's forecasts for the coming year show a small operating surplus for 2024125. The Charity's cash reserves
remain suff1cienl that should the forecasts not be achieved the Charity will retnain able lo pay its debts as they fall
due beyond 12 months from signing this report.
The Charity's work is the provision of essential social care services commissioned by local authorities and there
remains strong demand for the Charity's services. The Charity's excellent reputation with commissioning authorities
adds further comfort. The Directors continue to expect this and future financial years lo be challenging due to the
under-funding of services bul are confident that through effective management, backed up by healthy cash reserves,
the Charity will be able to manage the challenges ahead.
More details about the Charity's services. testimonials and information on ￿tUre developments can be found on the
Charity's website: hll s.'Ilslculhbertscare.or
Structure, governance and management
The Charity was founded in 1946 and then incorporated in England as a charitable company limited by guarantee on
23 June 1982. It is governed by Articles of Association which were last amended on 25 June 2024. Its objects are to
carry out all forms of social care.
Governance and internal control
The Articles of Association allow for up to 12 directors to be appointed at any one time. The Directors are also
trustees. The Board of Directors meets quarterly and has appointed a Chief Executive to manage the day-to-day
aclivilies. The Chief Executive is a director.
The Board is supported by three sub-committees..
The Audit, Finance and Risk sub-committee oversees the finances and management of risk for the Charity.
Effective risk management is embedded within the culture of St Cuthbert's Care. The managers of the
Charity's services implement, review and amend risk management plans as and when required. A risk panel,
comprising the Charity's key management personnel and the Director of Compliance, meets monthly to
assess all risks to the Charity, both potential and actual, and implements appropriate conlrols.
The Remuneration sub-committee benchmarks and reviews salaries and benefits across the Charity.
The Nominations sub-committee considers suitable applicants to be proposed to the full Board for
consideration for appointment as directors. Directors are interviewed and proposed by the Nominations sub-
committee and appointed by invitation of the Bishop. The Charity aims to ensure and maintain a balance of
skills and experience relevant to the work and business needs of the Charity.
Key management personnel
Chief Executive
Director of Care
Director of Children's Services
Director of Compliance
Financial Controller
HR Lead
Nic Gilbert
Amanda Head
Jody Scoll
Gill Ennis
Julie Nichol
Denise Hall

St Cuthbert's Care
Directors
The directors of the company during the year and up to the date of signing are listed on page one.
The Charity inducls every director upon appointment and provides training days. These are led by the Chief Executive
and typically, include refresher training on trustees and directors, legal duties and responsibilities. Visits lo the
Charity's services enable the Directors to meet the Charity's beneficiaries and employees. This maximises informed
decision making.
Investment policy
Under the Articles of AssoGialion, the Charity has the power to make any investment which the Directors see fil.
Currently, and throughout the year, funds have been invested in short term cash deposits only. The Directors consider
this to be the most appropriate course given the short term needs of the Charity.
Insurance of directors
The company had during the year ended, and continues lo maintain, appropriate insurance for the Directors in respect
of liabilities that may arise against them personally in connection with their duties as directors of the company and as
trustees.
Pay policy for senior employees
The pay of senior employees is reviewed annually by the Directors. Part of this process includes the benchmarking
of local market rates in similar organisations.
Reserves policy
The Directors consider that the Charity's reserves should be sufficient to allow St Cuthbert's Care the flexibility to
continue lo operate and develop in accordance with the Charity's Statement of Purpose and Articles of Association.
The current reserves policy stales that general funds should reflect one month's budgeted expenditure with a
maximum margin of 100/0 which would equate to £1.1 m. The current level of reserves exceeds this. The Directors
are in the process of reviewing the reserves policy following the publication of updated guidance on reserves by the
Charities Commission.
In addition there is one designated fund which is maintained by the Charity and details can be found in note 18 in the
financial slalemenls.
Statement of directors, responsibilities
The Directors (who are also Trustees of Sl Cuthbert'5 Care for the purposes of charity law) are responsible for
preparing the Directors, Report (including the Strategic Report) and the financial statements in accordance with
applicable law and regulations.
Company law requires the Directors to prepare financial statements for each financial year. Under that law the
Directors have prepared the financial slalements in accordance with United Kingdom Accounting Standards,
comprising FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and applicable
law (United Kingdom Generally Accepted Accounting Practice). Under cornpany law, the Directors musl not approve
the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the
charitable company and of the incoming resources and application of resources, including the income and
expenditure, of the charitable company for that period. In preparing these financial statements, the Directors are
required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities, SORP,.
make judgements and estimates that are reasonable and prudent-,

St Cuthbert's Care
state whether FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
subject lo any material departures disclosed and explained in the financial statements.. and
prepare the financial stalemenls on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The Directors are responsible for keeping proper 8cGounting records that disclose with reasonable accuracy at any
time the financial position of the Charity and to enable them lo ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The Directors are responsible for the maintenance and integrity of the charitable company's website and social media
accounts. Legislation in the United Kingdom governing the preparation and dissemination of financial statements
may differ from legislation in other jurisdictions.
Disclosure of information to auditors
In so far as the Directors are aware at the time of approving this report..
there is no relevanl audit information of which the Company's auditors are unaware, and
each director has taken all the steps that helshe ought lo have taken as a director in order to make
himselflherself aware of any relevant audit information and to establish that the Company's auditors are
aware of that information.
Independent Auditors
Following a tendering exercise CLA Evelyn Partners Limited were appointed auditors afler the financial year end.
Pricewalerhousecoopers LLP resigned at the Board meeting in April 2024. The auditors, CLA Evelyn Partners
Limited. have indicated their willingness to continue in office and a resolution concerning their reappointment will be
proposed al the Annual General Meeting.
On behalf of the Board
oran
hair
23 October 2024

St Cuthbert's Care
Independent auditors, report to the members of St Cuthbert's
Care
Opinion
We have audited the financial statements of St Cuthbert's Care (the 'charitable company'l for the year
ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash
Flow Statement and notes lo 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, 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 statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024, 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 prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Internation21 Standards on Auditing (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
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 lo 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 slalements, 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 lo events
or conditions that, individually or collectively, may cast significant doubt on the group's or parent charitable
company's ability to continue as a going Concern for a period of at least twelve months from when the
financial statements are aulhorise(J for issue.
Our responsibilitie5 and the responsibilities of the trustees with respect to going concern are described in
the relevant sections of this report.
Other information
The Iruslees are responsible for the other information. The other information comprises the information
included in the Report of the Trustees, other than the financial statements and our Report of the
Independent Auditors thereon. Our opinion on the financial statements does not cover the other
information and we do not express any form of assurance conclusion Ihereon.
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
slalemenls or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required lo determine
whether there is a material misstatement in the financial statements or a material misstatement of the other

St Cuthbert's Care
Independent auditors, report to the members of St Cuthbert's
Care (continued)
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.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Report of the Trustees for the financial year for which the financial
statements are prepared is consistent with the financial statements,. and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained
in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us
to report lo you if, in our opinion=
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit., or
the trustees were not entitled to prepare the financial statements in accordance with the srnall
companies, regime and take advantage of the small companies, exemptions in preparing the directors,
report and from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the Statement of Trustees Responsibilities set out on page 21, the Iruslees (who
are also Ihe 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 lo 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 charitable company's
ability lo continue as a going concern. disclosing, as applicable, matters related lo going concern and using
the going concern basis of accounting unless the trustees either intend lo liquidate the charitable company
or to cease operations, or have no realistic alternative bul lo do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material mi5slatement, 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, bul
is not a guarantee that an audit conducted in accordance with ISAS {UKI will always detect a material
misstatement when it exists. Misslalements 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
10

St Cuthbert's Care
Independent auditors, report to the members of St Cuthbert's
Care (continued)
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to delecl material misstalemenls in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud, is detailed below.
We obtained an understanding of the legal and regulatory framework applicable lo both the charitable
company itself and the industry in which il operates. We identified areas of laws and regulations that could
reasonably be expected lo have a material effect on the financi81 staternenls from our sector experience
and through discussion with the directors and other management. The most significant were identified as
the Charities Act 2011, the Companies Act 2006, UK GAAP (FRS102) and relevant lax legislation. We
considered the extent of compliance with those laws and regulations as part of our procedures on the
related financial statements. Our audit procedures included..
making enquires of Iruslees and management as to where they consider there to be a susceptibility
to fraud and whether they have any knowledge or suspicion of fraud.,
obtaining an understanding of the internal controls established to mitigate risks related to fraud or
non-compliance with laws and regulations.,
reviewing the minutes of meetings of those charged with governance.,
assessing the risk of management override including identifying and testing journal entries,.
confirmation received directly from the banks lo verify the balance at 31 March 2024- and
Our audit did not identify any key audit matters relating lo the detection of irregularities including fraud.
However. despite the audit being planned and conducted in accordance with ISAS (UK) Ihere remains an
unavoidable risk that material misstatements in the financial statemenls may not be detected owing to
inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity
likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls.
A further description of our responsibilities for the audit of the financial slalemenls is located on the
Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. This description forms
part of our auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3
of Part 16 of the Cornpanies Act 2006. Our audit work has been undertaken so that we might stale lo the
charitable company's members those matters we are required to state lo them in an auditor's report and
for no other purpose. To the fullest exlenl permitted by law. we do not accept or assume responsibility to
anyone other than the charitable company and the charitable company's members as a body, for our audit
work, for this report, or for the opinions we have formed.
Craig Henderson (Senior Statutory Auditor)
For and on behalf of CLA Evelyn Partners Limited
Statutory Auditors
l8 OcEpknJ 1f)14
17 Queens Lane
Newcastle upon Tyne, NE1 1 RN

St Cuthbert's Care
Statement of financial activities (incorporating an Income and
Expenditure Account) for the year ended 31 March 2024
Unrestricted
funds
Restricted
funds
2024
Total
2023
Tota5
Note
Income
InGome from charitable activities
Care for children
2,604,639
2,604,639
2,418,702
Care for people with disabilities
3,103,823
3,103,823
2,655,880
Care for older people
4,879,191
4,879,191
3,890,065
Grants receivable
16,671
Fostering & social work
941,564
941,564
929,096
Income from donations. legacies
and other trading activity
Donations
119.874
124,289
244,163
252,890
Legacies
Other trading activities
Investment income
128,521
100,000
228,521
11,g03
35.647
400,779
436,426
355,065
60,747
18,570
79,317
18,763
Total income
11,874,006
643,638 12,517,644 10,549.035
Expenditure
Expenditure on charitable
activities
11,318,849
336.664 11,655,513 10,409.674
Expenditure on raising funds
Donations and legacies
Other trading activities
5,670
8,621
5,670
5,2g1
141,873
150,494
119,850
Total expenditure
11,333,140
478,537 11,811,677 10,534,815
Net income for the year
540,866
165,101
705,967
14,220
All operations are continuing.
All gains and losses in the year are included in the Statement of Financial Activities.

St Cuthbert's Care
Reconciliation of funds for the year ended 31 March 2024
Unrestricted
Restricted
funds
funds
Total
2024
Total
2023
Fund balances al 1 April 2023
6.428,746
817,142
7,245,888 7,231.668
Nel income for the year
540,866
165.101
705,967
14,220
Transfer
170,000
{170,000)
Fund balances at 31 March 2024
7,139,612
812,243
7,951,855 7,245,888

St Cuthbert's Care
Balance sheet as at 31 March 2024
Company registration number: 1645917
Note
2024
2023
Fixed assets
Tangible assets
5.134,766
4,942.051
Total fixed assets
5,134,766
4,942,051
Current assets
Debtors
10
671,083
829,743
Cash at bank and in hand
3,314,923
2,503,462
Total current assets
3,986,006
3.333,205
Creditors.. amounts falling due within one
year
(890,8271
(716,045)
Net current assets
3,095,179
2,617,160
Total assets less current liabilities
8,229,945
7,559,211
Creditors.. amounts falling due after more than
one year
{225,000)
(250,0001
Provisions for liabilities and charges
Net assets
14
(53,090)
163,323)
7,951,855
7,245.888
The funds of the Charity
Unrestricted funds
General funds
18
2,004,846
800,000
Designated funds.. Capital assets fund
18
5,134,766
5,628.746
7,139,612
6,428,746
Restricted funds
812,243
817,142
Total funds
18
7,951,855
7.245,888
The financial statements on pages 12 to 28 were approved by the Board of Directors and were signed on
its behalf by=
l Moran
Chair
23 October 2024

St Cuthbert's Care
Statement of Cash Flows for the year ended 31 March 2024
Note
2024
2023
Cash flows from operating activities
Nel cash provided by operating activities
1,158,319
23,799
Cash flows from investing activities
Interest received
79,317
18,763
Purchase of tangible fixed assets
1426,175) (153.310)
Net Gash used in investing activities
(346,858} 1134,547)
Cash flows from financing activities
Net cash used in financing activities
Change in cash and cash equivalents in the reporting
period
811,461
(110,748)
Cash and cash equivalents at the beginning of the
re
ortin
eriod
2,503,462
2.614.210
Cash and cash equivalents at the end of the reporting
period
3,314,923
2,503,462

St Cuthbert's Care
Accounting policies
The principal accounling policies adopted, judgements and key sources of estimation uncertainty in the
preparation of the financial statements are as follows..
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Slalement of Recommended Practice applicable to charities preparing their financial statements in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021-
(Charities SORP FRS 1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS 102) and the Companies Act 2006.
Going concern
In the year ended 31 March 2024 the Gharity recorded a surplus for the year of £705,967 and had a year
end cash position of £3,314,923 with no borrowings.
The charity's work is the provision of essential care setvices Gommissioned by local authorities and there
remains a strong interest and demand for the charity's services. The occupancy level in our two nursing
homes have increased for the second year running and are now at acceptable pre-Covid19 pandemic
levels but with further capacity to improve. The charity's excellent reputation with commissioning authorities
for all of ils services adds further comfort for 2024125 in filling vacancies as they arise.
The Charity's forecasts for the coming year factor in the higher salaries paid to front line carers which are
necessary to reward and relain these highly skilled employees lo ensure that exceptional levels of care
delivery are maintained. The charity has no borrowings but does benefit from higher interest rates for the
funds on short term deposit. Negotiations are still ongoing wilh local authorities but it is clear that central
and local Government funding constraints are restricting our ability to achieve fee increases which would
cover full cost recovery. However, the Charity's cash reserves give comfort that this is manageable in the
short term, including at least the next 12 months.
The Directors have reviewed and assessed the financial performance for the first half of 202412025, the
results are slightly below expectation but within acceptable limits. A cash flow forecast for the period to
November 2025 has been prepared, which considers realistic downside cash flow sensitivities and this
together with continued demand for the Charity's care services gives the Directors confidence in continuing
to adopt the going concern basis of accounting.

St Cuthbert's Care
Accounting policies (continued)
Incoming resources
Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to
the item(s) of income have been met. il is probable that the incorne will be received and the amount can be
measured reliably.
For legacies, entitlement is the earlier of the date on which either.. the Charity is aware that probate has been
granted, the eslale has been finalised and notification has been made by the executors(sl to the Charity that
a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy is only
considered probable when the amount can be measured reliably and the Charity has been notified of the
executor's inlenlion to make a distribution.
Donated goods and services
The value of donated goods lo the Charity which are for resale are recognised in the financial statements as
income when sold due lo the low-value of items received.
In accordance with the Charities SORP (FRS 102), volunteer lime is not recognised,. details about the
volunteers, contribution can be found in the Directors, report.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate
all costs related to the category. Support costs include expenditure which cannot be direclly allribuled to
particular headings and have therefore been allocated lo activities on the basis of employee costs.
Governance costs represent the legal and professional fees of running the Charity and costs associated with
preparing and holding Board meetings and are included within support costs. Resources expended include
attributable VAT which cannot be recovered.
Tangible fixed assets
Fixed assets costing more than £7,500 are c8Pltalised and included at purchase cost, together with any
incidental costs of acquisition.
Depreciation is calculated so as to write off the cost of tangible fixed assets, less their estimated residual
values, on a straight-line basis over their expected lives. The principal annual rates used for this purpose are:
Freehold land
Furniture, equipment and plant
Motor vehicles
As5els in the course of construction
5-33
20
Freehold and long leasehold buildings are depreciated over 50 years or. if shorter, over the period of the
lease.

St Cuthbert's Care
Accounting policies (continued)
Fixed asset investments
Fixed asset investments are slated al the lower of cost or net realisable value.
Operating leases
Leases that do not transfer all the risks and rewards of ownership are classtfied as operating leases. Rentals
payable are charged on straight line basis over the term of the lease.
Debtors
Trade and other debtors are recognised al the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where the Charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to sellle the obligation
can be measured or estimated reliably. Creditors and provisions are normally recognised al their selllement
amount after allowing for any trade discount due.
Financial Instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic fsnancial
instruments. Basic financial inslrumenls are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently measured at
amortised cost using the effective interest method.
Grants receivable
Grants, including those for the purchase of fixed assets, are recognised in full when the Charity has
entitlement lo the funds, any performance conditions attached to the grants have been met, it 15 probable
that the income will be received and the amount can be measured reliably and is not deferred.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Directors in
furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds th2t have been set aside by the Directors for particular
purposes. The aim and use of each designated fund is set out in note 18 to the financial statements.
Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors
or which have been raised by the Charity for particular purposes.

St Cuthbert's Care
Accounting policies (continued)
Pension costs
The Charity makes available a defined contribution pension scheme to employees lo which il conlribules.
The scheme originally set up as a stakeholder pension scheme meets the auton7atic enrolment rLJles.
There is a historical unfunded pension liability and adjustments lo this pension liability, referred lo in note
14, are made in line with actuarial factors based on the invoiced costs from the administering authority and
adjusted lo include a cost of living increase. These costs are included in the SOFA.
Critical accounting estimates and areas of judgement
Preparation of the financial statements requires management to make estimates and judgements. These
are continually evaluated and are based on historical experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
The directors consider there to be no significant estimates or judgements made during the year which had
a material impact on the results reported in the financial slatemenls.

St Cuthbert's Care
Notes to the financial statements
for the year ended 31 March 2024
1 Expenditure on charitable activities
Direct
costs
Support
costs
2024
2023
Care for people with disabilities
2,965,803
294,507
3,260,310
2,822,089
Care for older people
Care for children, fostering & social work
5,068,645
480,363
5,549,008
4,780,257
2,641,970
204,225
2,846,195
2,807,328
10,764,418
979,095 11,655,513 10,409,674
2 Expenditure on raising funds
Direct
costs
Support
costs
2024
2023
Voluntary income, donations & legacies
Activities for gener8ting funds
5,066
604
5,670
5,291
146,872
3,622
150,494
119,850
151,938
4,226
156,164
125,141
3 Support costs
Support costs, including governance costs of £29,371 (2023.. £42.3591, not directly attributable to projects
have been allocated on the basis of employee costs 2nd are analysed below=
Employee
costs
Depreciation Other costs
2024
2023
Charitable activities
620,306
22,274
336.515
979,095
861.041
Raising funds
2.677
96
1.452
4,225
1,522
622,983
22,370
337,967
983,320
862.563
20

St Cuthbert's Care
4 Employee costs
2024
2023
Employee costs:
Wages and salaries
7,919,604
7,261,645
Social security costs
629,386
602,479
Pension costs
149,816
144,177
8,698,806
8,008.301
The pension costs were charged through the Statement of Financial Activities in respect of the defined
contribution scheme operated for employees and allocated between activities both reslricled and
unrestricted funds on the basis of employee costs.
The company maintains insurance for ils employees in respect of their duties as employees as part of ils
overall insurance policy. Three employees received emoluments above £60,000 {2023- two). Two of the
employees are in the band £60,000-£70,000 {2023'. one) and one employee is in the band £80,000-
£90,000 {2023: one).
The key management personnel of the Charity comprise the Chief Executive, the Director of Care, the
Director of Children's Services. the Director of Compliance, the Financial Conlroller and the HR Lead. The
total employee benefits of the key management personnel of the Charity were £403,68012023.- £424,490).
The average monthly number of employees, analysed by function was:
2024
2024
Full-Time
Equivalent
2023
2023
Full-Time
Equivalent
Number
Number
Charitable activities
292
232
266
215
Expenditure on raising funds
293
233
268
216

St Cuthbert's Care
5 Directors, emoluments
2024
2023
Aggregate emolumenls and fees
89,250
155,925
Emoluments are paid lo one director (2023.. two), the Chief Executive for services as 8 director and not as
a trustee of the Charity. Provision for payments lo the Chief Executive and the Finance Director are made
in the company's Articles of Association. InGluded in the above are conlributions made lo the Charity's
pension scheme in respect of this director of £4,250 {2023= £7,425). The Director received no
reimbursement of travel expenses in the year12023'. £Nill.
Other than as noted above, no director was entitled to nor received any remuneration for their seTvices
(2023.. £Nill or were accruing benefits under the pension schemes12023'. £Nill or received reimbursement
of their expenses12023.' £Nil).
6 Net income for the year
Net income for the year is slated after charging..
2024
2023
Depreciation charge for the year
Auditors, remuneration for audit services
233,460
212,856
23,952
36,960
Operating lease rentals for land and buildings
11,188
7 Taxation
The Company is a charity established under the Charities Act 2011. 11 is therefore exempt from taxation in
respect of income and capital gains received within categories Covered by S505 Income and Corporation
Taxes Act 1988 or S256 Taxation of Chargeable Gains Act 1992, to the extent that such income or gains
are applied lo charitable purposes only.

St Cuthbert's Care
8 Tangible assets
Freehold
Furniture
equipment
and
plant
long
leasehold
buildings
Assets in
the course of
construction
Motor
vehicles
Total
Cost
At 1 April 2023
6,296,922
2,621,749
73,656
50,070
9,042,397
Additions
85,790
301,209
39,176
426,175
Transfers
50,070
{50,070)
At 31 March 2024
6,432,782
2,922,958
73,656
39,176
9,468,572
Accumulated Depreciation
At 1 April 2023
2,178,559
1,848,131
73,656
4,100.346
Charge for the year
101,163
132,297
233,460
Eliminated in respect of
dis
osals
At 31 March 2024
2,279,722
1,980,428
73,656
4,333,806
Net book value
At 31 March 2024
4,153,060
942,530
39,176
5,134,766
At 31 March 2023
4,118,363
773,618
50,070
4,942,051
9 Capital commitments
Capital expenditure aulhorised and contracted for but not provided for in the accounts amounts to £66,152
(2023.. £237,401). This is for costs relating lo a new apartment at one of our care homes. This work will be
completed during the 2024-25 financial year.
10 Debtors
2024
2023
Trade debtors
385,093
466,544
Other debtors
2,278
4,024
Prepayments and aGcrued income
283,712
359,175
671,083
829,743

St Cuthbert's Care
11 Creditors: amounts falling due within one year
2024
2023
Trade creditors
229,334
253,348
Other creditors
108,676
11,569
Taxation and social security
Accruals and deferred income
174,419
151,389
378,398
299,739
890,827
716,045
12 Creditors: amounts falling due after more than one year
2024
2023
Deferred income
225,000
250,000
225,000
250,000
The Directors expect the deferred income to be released to the Slalemenl of Financial Activities over the
next 10 years. It relates lo the prepayment of rental income for office space by the Roman Catholic Diocese
of Hexham & Newcastle and is being released at a rate of £25,000 per annum12023'. £25,000).
13 Reconciliation of deferred income
2024
2023
At 1 April
275,000
300,000
Released during the year
(25,000)
125,000)
At 31 March
250,000
275,000
There is £25,000 of this deferred income balance included within creditors falling due within one year.
24

St Cuthbert's Care
14 Provisions for liabilities and charges
Analysis of amounts charged through the statement of financial
activities
Pension
provision
At 1 April 2023
63,323
Established during the year
Ulili5ed during the year
(10,233)
At 31 March 2024
53,090
The pension provision relates to the unfunded pensions liabilities for former teachers of two schools
formerly managed by the Charity. The provision is updated annually based upon actuarial calculations.
The Directors expect all liabilities to be met over the next 7 years.
The provision is anticipated lo fall due as follows..
2024
2023
In less than one year
9,576
10.368
Between one and two years
9,864
10,679
Between two and five years
In more than five years
20,117
21,778
13,533
20,498
53,090
63,323
15 Share capital
The company does not have any share capital and is limited by guarantee. The members of the company
are the Directors and their guarantee is limited to £1 each.
25

St Cuthbert's Care
16 Reconciliation of net incoming resources to net cash provided by
operating activities
2024
2023
Nel incoming resources
705,967
14,220
Depreciation on tangible fixed assets
Loss on disposal of fixed assets
233,460
212,856
Decrease in deferred income
125,0001
(10,2331
(25,000}
Decrease in provisions
{9,8861
{InGreasel I decrease in debtors
158,660
(213,9331
Increase l {decreasel in creditors
174,782
64.305
Interest received
(79,317)
(18,763)
Net cash provided by operating activities
1,158,319
23,799
17Analysis of net debt
1 April
2023
31 March
2024
Cash flow
Cash at bank and in hand
2,503,462
811,461 3,314,923
Net funds
2.503,462
811,461 3,314,923
26

St Cuthbert's Care
18 Statement of funds
Al 1 April
2023
At 31 March
2024
Income Expenditure Transfer5
General funds
800,000 11,874.006 111,333,140} 663,980
2,004,846
Designated funds
Capital assets fund
5,628,746
(493,980)
5,134,766
Total unrestricted funds
6,428,746 11,874.006 (11,333,140) 170,000
7,139,612
Restricted funds:
Alan Shearer Foundation
817,142
643,638
1478,537) 1170,000)
{478,5371 {170,000)
7,245.888 12,517,644 (11,811,677)
812,243
Tolal restricted funds
817,142
643.638
812,243
Total funds
7,951.855
At 1 April
2022
At 31 March
2023
Income Expenditure Transfers
General funds
800,000 10,051,982 {10,172.7471 120,765
800,000
Designated funds
Capital assets fund
5,749,511
1120,765)
5,628,746
Total unrestricted funds
6,549,511 10,051,982 (10,172.747}
6,428,746
Restricted funds:
Alan Shearer Foundation
682,157
497,053
(362,068}
817,142
Total restricted funds
682,157
4g7,053
(362,0681
817,142
Total funds
7.231,668 10,549,035 (10,534.8151
7,245,888
Purpose of Funds
The General fund represents the free funds of the Charity which are not designated for particular
purposes.
The Capital assets fund (previously referred to as the Charity assets fund) represents the book value of
land, buildings and fixtures in use by the charity for the provision of services in furtherance of the Charity's
objects. These funds are therefore unavailable for other use.
The charity has one restricted fund. The Alan Shearer Foundation which represents those funds raised by
the Foundation which have not yet been spent on charitable activities.
The Directors are in the process of reviewing the reserves policy following the publication of updated
guidance on reserves by the Ch2rities Commission.
27

St Cuthbert's Care
18 Statement of funds (continued)
Analysis of nel assets between funds {currenl year)
Restricted Designated
funds
funds
General
funds
Total
Fund balances al 31 March 2024 are
represented by..
Fixed assets
5.134,766
5,134,766
Current assets
812,243
3,173,763
3,986,006
Current liabilities
(890,827) (890,827)
{278,0901 1278,090)
Long term liabilities and provisions
Net assets at 31 March 2024
812,243
5,134,766
2,004,846
7,951,855
Analysis of nel assets between funds (prior year)
Restricted Designated
funds
funds
General
funds
Total
Fund balances at 31 March 2023 are
represented by:
Fixed assets
4,942,051
4,942,051
Current assets
817.142
964,018
1,552,045
3,333,205
Current liabilities
{716,045) 1716,045)
(36,000) 1313,323)
Long term liabilities and provisions
1277.323}
Net assets al 31 March 2023
817,142
5,628,746
800.000
7,245,888
19 Related party transactions
The Charity has a close but arm's length working relationship with the Roman Catholic Diocese of Hexham
& Newcastle, which is also a charity. The Charity invoiced £90.761 {2023.' £177.593) lo the Roman Catliolic
Diocese of Hexham and Newcastle in respect of shared costs associated with the provision of offices for
both parties and care home fees for retired priests. As al 31 March 2024 £10,697 (2023.. £12.211) remained
outstanding and is included in debtors.
28