St Cuthbert's Care
(A company limited by guarantee)
Annual Report
for the year ended 31 March 2025
R•glstored Number 1645917
Reglstered Charlty Number 512912

St Cuthbert's Care
Annual Report
for the year ended 31 March 2025
Contents
Directors and Advlsors.
Directors, report (including the strategic report) .
Independent auditors, report to the members of St Cuthbert's Care..... ....... ..... ..... . ...
io
Statement of financlal activities (incorporaling an Income and Expenditure Account)..........................14
Reconciliation of funds ....................................................................................................................................15
Balance sheel as at 31 March 2025..............................................................................................................16
Statement of Cash Flows................................................................................................................................17
Accounting policies........................................................................................................
18
Notes lo the financial statements......................................................... ............................. .... ...............
.22

st Cuthbert's Care
Directors and Advisors for the year ended 31 March 2025
The dlrectors of thè company who were in office during the year and up to the date of signing the
flnanclal statements were:
Dlrectors
Right Rev. 8ishop S Wrighl
Mr M Dickson MBE
Mr N Gilbert
Mrs A Johnson
Dr K Mannix
Mr P Moran
Mrs K Urwin
(Chief Executive)
(Chair)
Company secretary and reglstered offlce
Mrs J Nichol
St Cuthbert's House
West Road
Newcastle upon Tyne
NE15 7PY
Independent Audltors
S&W Partners Audit Limited (formerly CLA Evelyn Partners Limited)
17 Queens Lane
Newcastle upon Tyne
NE11RN
Sollcltor8
Muckle LLP
Time Central
32 Gallowgate
Newcastle upon Tyne
NE14BF
Bankers
National Westminster Bank PLC
16 Northumberland Street
Newcastle upon Tyne
NE17EL

St Cuthbert's Care
Directors, report for the year ended 31 March 2025
The Directors present their strategic report for the year ended 31 March 2025.
Objectives and activlties
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 their personal potential
The Charity's Vision reads:
To achieve excellencg in all Ihal we do
The Charity Values:
This year. we refreshed our core values in collaboration with our employees - ensuring they are not only meaningful but
fully embedded in everyihing we do as a charity:
Cherishing Lrfe
We recognise the indlvlduality of each person by upholding the principles of dignity, equality and
diversity.
Achieve
We enable people lo achieve their personal potential by fostering a culture of empowerlng and
motivation, fulfilling our purpose.
Respect
We show kindness to everyone and through listening and understanding allow people to have a
clear voice.
Empathy
We employ 8 person-centred approach that enables us to provide care and support for Individuals
by recognising their unique circumstances. perspective and needs
Responslbility
We encourage everyone, regardless of Iheir role, to take responsibility for ensuring the safely and
wellbeing of our residents, safeguarding Ihem from any potential harm or abuse.
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
two nursing and residential care homes for older adults.
In addition, the Charity fundraises to provide services to support the mosl impoverished and disadvantaged people
across the North East.
The Charity's strategic Five-year Plan for the period 2025-2030, was approved by the Directors in 2024. The
Directors monitor progress and review the plan each year.
The Directors have reviewed the Charity's Statement of Purp05e, together with its Vision and Aims and Objectives
and are satisfied that the Charity continues to meet the requirements of Ihe Charity Commission's guidance on public
benefit.

St Cuthbert's Care
Achlevements and performance
The Charity's activities include a broad range of complex care services across the North East, regulated by Ofsted
for children's services and the Care Qualily Commission {CQC) for adult services. The regulators undertake planned
and unannounced inspections. Three of the Charity's services were inspected during the year, one improving to
"Outstanding" and two remaining as °Good°. 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 two day cenlres for
people with disabilities. the Hub@Parkhead and the Alan Shearer Centre. are nol regulated areas of work.
All the Charity's services reflect Ihe high standards and quality care that are delivered by the Charity's care teams.
The Charity's Vision is "to achieve excellence in all that it does" and there 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 at hll s-1llinklr.eelslculhberlscare.
The Charity's significant achievements this year include..
st Catherine's Nursing Home's successful Gold Standards Framework accreditation has enabled the home
to make links with the Newcastle hospital's palliative care discharge team to increase the home's source of
referrals and to ensure that outstanding end of life care is provided.
Desplle the significant increases in the minimum wage and the employer national insurance contributions
we remain an accredited Living Wage Employer. Thls is one way the Charity demonslrales how it values ils
employees and rewards them for their continued dedication and care for Ihe people we support. In addition
the Charity aims to provide rewarding careers by developing people to their personal potential. During the
year it has promoted 10 employees and 27 employees completed their Care CertificatelLeader In Adult Care
Apprenticeship training.
Suslainabilily and reduclng the Impact on the environment is one of the Charity's objectives and during the
year the Charily cornmenced the Green Mark sustainability accreditation process with half the Charity,
locations achieving Level 1 accreditation with the remainder expected lo be accredited during Summer 2025.
The Charity's environmental team are assessing and discussing sustainable practices to reduce, reuse &
recycle In preparalion of achieving Level 2 accreditation. As part of this objective the Charity is replacing its
standard energy supply contracts with supplies from renewable Sources and during the year contracted for
19 % of its annual electricity spend from renewable sources with'the remaining electricity contracts due for
renewal in April 2026. Energy usage is also being reduced by Installing energy efficient LED lighting
throughout the Charity.
Last year we Installed circadian lighting in our dementia care areas lo mimic natural daylight patterns, helping
to improve sleep. mood and daytime alertness. while also reducing the risk of falls for those residents living
wilh Dementia. This year Demenlia Lead, Dr Ruth Cromarty, partnered with the manufacturer to conduct
research inlo a new product which uses acoustics lo alert care staff lo potential care needs of residenls
which provides both an early alert to potential issues and reduces residents being unnecessarily disturbed.
As part of our commitment lo inclusive and person-centred support, we have developed the White Sensory
Room al the Alan Shearer Centre into a dedicated quiet space for our neurodiverse members. This calm,
low-stimulation environment has been carefully designed to provide a safe relreal for Individuals who may
become overwhelmed by sensory input. The space enhances our existing facilities and reflects our ongoing
efforts to adapt and evolve in line with the needs of those we support.
Our lunch club at Holy Cross continues to provide a vital social lifeline for older. sometimes isolated,
individuals in the local community. Over Ihe past year, we have served more than 850 subsidised meals,
offering not only nutritional support but also meaningful opportunities for connection and companionship. The
positive response has strengthened our commitment to supporting older people and has directly influenced

st Cuthbert's Care
the expansion ofour provision for older people. We have recently developed an additional Independent Livlng
Flat at Holy Cross, which is now occupied by a long-standing member of the lunch club. This seamless
transition from community support to independent living demonstrates the value of our integrated approach
and our dedication to providing flexible, compassionate care that evolves with the needs of those we serve.
Financlal review
The Slalemenl of Financial Aclivilies for the year is set out on page 14 of the financial statemenls. A summary of the
financial results and the work of the Charity is set out below.
The Charity's income increased by 6.10/0 to £13,276,781 (2024: £12,517.644). The majorily of this increase reflecting
operating at near full occupancy at a service for adults with disabilities which opened during 2023124 and fee
increases at both nursing homes. A lower average occupancy resulted in a 14% drop Sn income from the care of
children, but the Charity's senior management are confident Ihat Ihe vacancies will be short-term. Annual fee uplifts
from local authority commissioners continue lo be below the level of National Living Wage and general inflation and
employers, national insurance increase which is not sustainable in the longer term.
Fundralslng
The Charity is deeply grateful for the generoslty of its supporters. Donated Income Includlng legacles. received both
directly and via parish collections, increased by 19 % during the year. Donations and legacies continue to be vital in
enabling the Charily lo support some of Ihe most vulnerable members of society - partlcularly in areas where no
statutory funding is available. This includes our support ofJoe's Place in Gateshead and the lunch Club in Sunderland,
bolh of which offer a warm meal and a friendly space for those experiencing hardship or social isolalion.
We are very Ihankful for a generous legacy received in the year from former Chief Executive, Auslin Donohoe, whose
vision and dedication played a pivotal role in shaping the Charity's direction and success. Austin led the development
of several key services, including the Alan Shearer Centre, Auton Children's Services, St Catherine's Nursing Home
and th& acquisition of Holy Cross Care Home. HIS lasting impact on our vrfork and enduring commitment to those we
support Is sincerely appreclated.
Fundraising is coordinated by the Charity's own employees, volunteers and patrons. The Charity contracts wlth an
external fundraiser to support income generation for the Alan Shearer Foundation. which funds the activities provided
free of charge al the Alan Shearer Activity Cenlre. Income is raised through voluntary contributions from individuals,
local businesses and organised events.
The Alan Shearer Foundation raised £493.854 during the year (2024- £643,638), the decrease due to the liming of
fundralsing balls and a £100,000 legacy donalion in the previous financial year. The Directors express Iheir most
sincere thanks to patrons, Lalnya and Alan Shearer CBE, and family, for their unwavering support of Ihe Charity.
They would also like lo acknowledge and thank patron, Mike Browne, for his donations and continued support of
Alan's Foundation since its launch in 2012.
The Charity is regislered with the Fundraising Regulalor and follows the Code of Fundraising Practice. The Charity
does not participate in any fundraising that may be considered aggressive or intrusive and has received no complaints
during the year in conneclion with its fundraising.
Cashflow
The Charity's cash balance increased by £244,526 during the year to £3,559,450 and includes the restrlcted reserves
of £593,858.
Resources expended
Total expenditure increased by 10.9Q/o to £13,098.960 (2024.. £11.811,677). The majority of this increase being in
higher salaries to the Charity's employees wilh the conlinued higher rate of inflation accounting for the balance.

St Cuthbert's Care
Employees and volunteers
Good care starts with good people and the Charity relies on the Compassionate care and professionalism of Its
employees and volunteers to ensure that care services are person-cenlred and delivered with dignity and respect.
The Charity had an average of 306 (2024: 293) full and part-time employees delivering care and support during the
year. Volunteers, through their time and enthusiasm, add value to the Charity's services, enriching the lives of the
Charity's beneficiaries. The Charity benefited from over 6,000 volunteer hours during the year and we welcome
anyone who would Ilke to support the Charity by volunteering.
The dedication and commitment of our care teams to the Charity's beneficiaries ensures they continue to 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 to 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.
The Charity's menlal health flrst aiders are there to support their colleagues when in need and additionally offers 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 re-enforce our commitment to equal opportunilies In employmenl. The Charity's
Values Based approach to recruitment ensures we employ, train and promote employees based on their values,
abilities and qualifications without regard to age, disabilily. gender reassignmenl, marriage or civil partnershlp,
pregnancy and malernily, race (including colour, n81ionality and ethnic or national origin), religion or belief, sex or
sexual orientation. The Charity is also an approved user of the Positive about Disabled People symbol, has achieved
the BetterHeallh at Workaccreditalion and was awarded the"North ofTyne Good Work Pledge" The Charlty remalns
committed to maintainlng its status as an accredited real Living Wage Employer.
The Charity's gender pay gap report shows that the Charity's workforce Is predominantly female a profile which
reflects the social care sector as a whole. All employees are paid the same rate for the job grade regardless of
gender.
All new employees and volunteers undertake a thorough programme of induction trainlng. This marks the beginning
of a career-long learning programme at St Cuthbert's Care. The employee handbook, together with staff association
meetings, intranet, team meetings and regular briefings help to keep employees informed of the Charity's iniliatives
and performance.
Plans for future perlods
The Directors consider the most appropriale way forward for Ihe Charity is to deliver upon its Flve-year Plan for
2025-2030, 8n oulline of which is noted below. The Chief Execulive, supported by the senior management team,
continue lo focus upon the implementation of this plan which will generate new income and wlll continue to keep the
Charity's employees and beneficiaries at the heart of its work whilst also being alert to new opportunities.
That every service delivers a person-centred approach to support, ensuring that outcomes are specific for the
individual. Progress will be measured by internal reviews by the senior team and externally by regulatory
ratings.
Prioritise employee personal and professional development to support each individual to thrive and reach
their personal potenlial, with the aim ofenhancing the quality ofcare 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 & volunleers,
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.

St Cuthbert's Care
A commitment lo sustainable practices across all the Charity's selNices in order to reduce the Charity's impact
on the environment. Measured by external assessment.
That all revenue generaling services generate a surplus. The Charity achieves a surplus of 5 % to ensure the
Charity remains financially viable, is able to invest in its existing services and has the resources to develop
new services to meet any un-mel 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 to improve diversity.
Develop and implement an improvement plan to ensure thal care services for older people are Independently
financially viable.
Produce a long-term strategic plan for the Holy Cross site.
Seek opporlunities to deliver communily I charitable services to embed the Charity In Ihe community it serves.
Principal rlsks and uncertaintles
The Charity's core work is in social care provision. and as noted earlier in this report, risk management is embedded
in every aspect ofthe Charity's activities. The Directors have considered the Charity's risks and seek to mitigate them
as far as is praclical.
The Directors consider the under-funding of services by commissioning bodies that is prevaleni across the whole of
the social care sector and the recrultment of skilled care workers to be the most significanl risks facing the Charily in
the medium to long term.
In addltlon, the Charity must operate with high occupancy levels due lo the high fixed costs of operating care services,
Hlgh occupancy levels ensure regular cash flows which helps miligale the under-funding of care. Any surplus is re-
invested in the Charity's services.
The Charily's reputation for delivering high quality care helps ensure a steady flow of referrals from placlng
authorities. The Charlty also undertakes annual fee negotiations for every service. The Directors consider these
actions, along with a strong culture of transparency and prudent stewardship will enable the Charity to manage the
seclor-wide challenges it faces.
The Charity's forecast and budget for the coming year indicate an operaling deficit Is possible if higher occupancies
are nol achieved andlor the current fee uplifts for 2025126 are nol increased. The Charity's cash reserves remain
sufficient that should a deficit be incurred the Charity will remain able to pay ils 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 Ihe Charity's seplices. The Charity's excellent reputation with commissioning authorities
adds further comfort. The Directors continue lo expect this and future financial years to be challenging due lo the
potential under-funding of services but are confident that through effe¢live management. backed up by heallhy cash
reserves, the Charity will be able to manage the challenges ahead.
More details about the Charity's services. testimonials and information on fulure developments can be found on the
Charity's website: htl s.'Ilslcuthberlscare.or
.uk.
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.

st Cuthbert's 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
truslees, The Board of Directors meets quarterly and has appointed a Chief Executive to manage the day-to-day
activities. The Chief Executive is a director.
The Board is supported by three sub-commiltees:
The Audit, Finance and Risk sub-commillee oversees the finances and managemenl of risk for the Charity.
Effective risk management is embedded within the culture of St Culhbert'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 controls.
The Remuneration sub-committee benchmarks and reviews salaries and benefits across the Charity.
The Nominatlons sub-commiilee considers sultable applicanls 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 lo ensure and maintain a balance of
skills and experience relevant to the work and business needs of the Charity.
Key management pèrsonnèl
Chief Executive
Director of Care & Deputy Chief Executive
Director of Children's Services
Director of Compliance
Financial Controller
HR Lead
Nic Gilbert
Amanda Head
Jody Scoti
Gill Ennis
Julie Nichol
Denise Hall
Dlrectors
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 include refresher Iraining on
trustees and directors, legal duties and responsibilities. Visits 10 the Charity's services enable the Directors to meet
the Charity's beneficiarles and employees. These visits make for more informed decision making at the Charity's
Board meetings.
Investment policy
Under the Articles of Association, the Charily has the power to make any investment which the Directors see fit.
Currently, and throughout the year. funds have been invested in short term cash deposits only. The Directors consider
this lo be the mosl appropriate course given the short lerm needs of the Charity.
Insurance of directors
The company had during Ihe year ended. and conlinues 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 pollcy for senlor 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.

St Cuthbert's Care
Reserves pollcy
The Directors require the Charity's general reserves to be sufficient to allow St Cuthbert's Care the flexibility to
continue to operate and develop in accordance with the Charity's Statement of Purpose and Articles of Association.
The Direclors belleve it prudent to hold general reserves of £2.3m, which Ihey consider is required lo meet the
financial risks the Charity may face. a5 Identified in Ihe annual budgeting prsxess for potential downslde sensilivilies.
As at 31 March 2025, the current level of the general reserves is £2.31 Om. The Directors review the policy on reserves
on an annual basis as part of the annual budgeting process and monitor the level of reserves throughout the year.
In addition there is one designated fund and one restricted fund maintained by the Charity. details of which can be
found in note 18 in the financial statements.
Statement of dlrectors, rèsponslbllltles
The Directors (who are also Trustees of St Cuthbert's Care for Ihe purposes of charily law) are responsible for
preparing the Directors, Report (including the Strategic Report) and the financlal 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 statements 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 company law. the Directors must not approve
the financial statements unless they are satisfied that they give a true and fair view of the state 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 Ihal period. In preparing these financial slatemenls, the Directors are
required to..
select suilable accounling policies and then apply them consistently:
observe the methods and principles In the Charities, SORP;
make judgements and eslimales that are reasonable and prudent,
state whether FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland",
subject to any material departures disclosed and explained in the financial stalements., and
prepare the fiiiancial slatemenls 011 the goirig ¢uncern basis uiiless it is inapproprlate to presume Ihat the
charitable company will continue in business.
The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any
lime the financial position of the Charily and to enable them to ensure that the financial stalements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of Ihe Charity and hence taking
reasonable steps for the prevention and deteclion of fraud and other irregularilies.
The Directors are responsible for the maintenance and integrity of the charitable company's websile and social media
accounts. Legislation in the Uniled Kingdom governing the preparation and dissemination of financlal slatements
may differ from legislation in other jurisdiclions.
Disclosure of Information to audltors
In so far as the Directors are aware at the time of approving this report:
there is no relevant audit information of which the Company's auditors are unaware, and
each director has taken all the steps that helshe ought to have taken as a director in order to make
himselflherself aware of any relevant audit inforrnation and to establish that the Company's auditors are
aware of that information.

St Cuthbert's Care
Independent Auditors
The auditors, S&W Partners Audit Limited. have indiG3ted their willingness to Gonlinue in office and a resolution
concerning their reappointment will be proposed al IheAnnu31 Gener31 Meeting.
On behalf of the Board
oran
Chair
23 July 2025

St Cuthbert's Care
Independent auditors, report to the members of St Cuthbert's
Care for the year ended 31 March 2025
OpSnlon
We have audited the financial statements of St Cuthbert's Care (the 'charitable company,) for the year
ended 31 March 2025 whlch comprise the Statement of Financial Activities (Incorporating an Income and
Expenditure Account}, the Reconciliation of Funds, the Balance Sheet as at 31 March 2025, the Statement
of Cash Flows and notes to the financial statements, including a summary ofsignificanl 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 Reporling
Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practice).
In our opinion the financial statemenls:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025, and of
the company's income and expendilure, for Ihe year Ihen 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.
Basls for opinlon
We conducted our audit in accordance with International Standards on Audiling (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibililies for the audit of the financial statements section of Our report. We are independent of the
charitable company in accordance wilh the ethical requirements that are relevant to our audit of the
financial stalements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requiremenls. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinlon.
ConGluslons relatlng to golng concern
In audiling the financial statements, we have concluded that the trustees, use of the going concern basls
of accounting in the preparation of the financial statements is appropriate.
Based on Ihe work we have pprformpd, 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 ￿e1ve months from when the financial slatements
are aulhorised for issue.
Our responslbililies and the responsibilities of the trustees with respect to going concern are described in
the relevant sections of this report.
Other Information
The other information comprises Ihe informalion included in the Annual Report, other than the financial
statements and our audilor's report thereon. The Truslees are responsible for the other information
contained within the Annual Report. Our opinion on the financial stalemenls does not cover the other
information and. excepl to the extent otherwise explicitly stated in our report, we do nol express any form
of assurance conclusion thereon. Our responsibility is lo read the olher informalion and. in doing so,
consider whether the other information is materially inconsistent wilh the financial statements or our
knowledge obtained in the course of the audit orolherwise appears to be malerially misstated. Ifwe idenlify
such material inconsistencies or apparent material misstatements. we are required to determine whelher
this gives rise to a material misstalement in the financial statements themselves. If. based on the work we
have performed, we Conclude that there is a material misstatement of this other informalion, we are
required to report that facl.
10

St Cuthbert's Care
We have nothing lo report in this regard.
Independent auditors, report to the members of St Cuthbert's
Care (continued)
Opinions on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the informalion given in the Directors, Report. which includes the Slrategic Report, is prepared for the
purpose of company law. for the financial year for which the financial statements are prepared is
consistent with the financial slalements.. and
the Directors, Report, which includes the Stralegic Report has been prepared in accordance with
applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
In the light of our knowledge and understanding of the charilable company and its environment obtained
In the course of the audit. we have not identified material misstatements in the Directors, Report including
the Strategic Report.
We have nothing to report In respect of the following malters in relation to which the Companies Act 2006
requlres us to report lo you If, in our opinion:
adequate and sufficient accountlng records have not been kepl by the charitable company, or returns
adequate for our audll have not been received from branches not visited by us; or
the charitable company's financial statements are not in agreement with the accounting records; 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 lo take advantage of the small companies, exemptions from the
requlremenl to prepare a strategic report.
Responslbllltles of trustees
As explained more fully in the Directors, Responsibilities Statement set out on page 8, the Direclors{who
are also trustees of Ihe charitable company for the purposes of charity law) are responsible for the
preparalion of the financial statements which give a true and fair view, and for such internal control as the
trustees determine is necessary to enable the preparation of financial slalemenls that are free from
material misslalemenl, whether due to fraud or error.
In preparing the financial slatements. the trustees are responsible for assessing the charitable company's
ablllty 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 lo liquidate the charitable company
or lo cease operations, or have no realistic alternative but io do so.
Audltor's responsibilities for the audit of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial slalements as a whole are
free from material misstatement, whether due lo fraud or error, and to issue an auditor's report that includes
our opinion. Reasonable assurance is a high level of assurance, but is not a guaranlee that an audit
conducted in accordance with ISAS (UK) will always detecl 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 lo infiuence the economic decisions of users taken on the basis of
these financial statements

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 detect malerial misstatements in respect of
Irregularities, including fraud. The exlenl lo which our procedures are capable of detecting Irregulariiies,
including fraud, is detailed below.
We obtained a general understanding of the charitable company's legal and regulatory framework through
enquiry of management concerning Iheir understanding of relevant laws and regulations, the entity's
policies and procedures regarding compliance, and how they identify, evaluate and account for litigalion
claims. We also drew on our exisling understanding of the charilable company's induslry and regulations.
We understand that Ihe company complies wilh the framework through:
Engaging external legal professionals as required and making changes to internal procedures
and controls as necessary.
The directors, close involvement in the day-lo-day running of the business, meaning that any
litigalion or claims would come to their attention directly.
Monitoring of updates made by regulatory bodies.
In the context of the audit, we considered those laws and regulations which determine the form and content
of the financial statements. which are central to the charitable company's ability to conduct Its business,
and where there is a risk Ihal failure to comply could result in material penalties. We identified the following
laws and regulalions as being of significance In Ihe context of Ihe charilable company:
The Companies Act 2006 and FRS 102 in respect of the preparation and presenlalion of the
financlal slalements.
The Charities Act 2011 and the Charities.. Slalement of Recommended Practice in respect of
the preparation and presentalion of the financlal stalements.
The Requirements of Ofsted and the Care Quality Commission.
We performed Ihe following specific procedures to gain evidence about compliance with the significant
laws and re9ulalions identified above:
Obtaining an understanding of the internal controls established to mitigate risks related to non-
compliance with laws and regulations.
Reviewin9 the minutes of meetings of those charged wilh governance,.
Reviewing the reports and communications issued by Ofsled and the Care Qualily Commission:
and
Reviewing a sample of legal and professional fees to ensure that any claims, litigation or other
compliance related matters were identified and approprialely disclosed.
The senior statutory auditor led a discussion with senior members of the engagement team regardlng Ihe
susceptibility ofthe entity's financial slatements to material misstatement, including how fraud might occur.
The areas identified in this discussion were:
Manipulation of the financial statements via fraudulent journal entries and management
overriding controls.
The incorrect recognition of fee revenue from fraud or error, around the period end.
The incorrect recognition of donation revenue from fraud or error.
12

st Cuthbert's Care
These areas were communicated to the other members of the engagement team not present at the
discussion.
The procedures we carried oul to gain eviden￿ in the above areas included:
Performed data analylics on the general ledger against rJienl specific criteria
Selected a sample of journal entries using client specific risk criteria and agreed to supporting
evidence
Recalculation of fee income for a sample of service users throughout the year which was
compared with actuals lo ensure fee income was complete, accurate and occurred in the
financial year.
Obtained third party evidence for a sample of donations to ensure occurrence
A further description of our responsibilities for the audit of the financial slatements is located on the
Financial Reporting Council's website at.. V4WN.frc.org.uklauditorsresponsibilities. This descriplion 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 Parl 16 of the Companies Act 2006. Our audit work has been undertaken so Ihal we might slate lo Ihe
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 exlent 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 oplnions we have formed.
c. vtur
Cralg Henderson (Senlor Statutory Audltor)
For and on behalf of S & W Partners Audit Llmlted
Statutory Audltors
Chartered Accountants
17 Queens Lane
Newcastle upon Tyne
NE11RN
13

st Cuthbert's Care
Statement of financial activities (incorporating an Income and
Expenditure Account) for the year ended 31 March 2025
Unrestrlcted
funds
Restrlcted
funds
2025
2024
Total
Nole
Total
Income
Income from charitable actlvltles
Care for children
2,242,844
2,242,844
2,604,639
Care for people with disabilities
3,875,143
3,875,143
3,103,823
Care for older people
5,263,276
5,263,276
4,879,191
Grants receivable
Fostering & soclal work
900,056
900,056
941,564
Income from donatlons, legacles
and other trading actlvlty
Donations
109,431
107,030
74,517
291,621
216,461
244,163
228.521
Legacies
Other trading activities
Investment Income
271,567
346,084
324,990
33,369
87,241
436.426
20,686
107,927
79.317
Total Income
12,782,927
493,854 13,276,781 12,517,644
Expenditure
Expenditure on charitable
8clivities
12,443,575
430,070 12,873,645 11,655,513
Expendlture on ralslng funds
Donations and legacies
Other trading activities
Total expendlture
15,553
10,941
15,553
5,670
198,821
209,762
150,494
12,470,069
628,891 13,098,960 11,811,677
Net Income l (deflcit) for the year
312.858
(135,037)
177,821
705,967
All operations are continuing.
All gains and losses in the year are included in the Statement of Financial Activities.
14

St Cuthbert's Care
Reconciliation of funds for the year ended 31 March 2025
Unrestricted
Restricted
funds
funds
Total
2025
Total
2024
Fund balances at 1 April 2024
7,139,612
812,243
7,951,855 7.245,888
Nel Income l (deficit) for the year
312.858
(135.037)
177,821
705.967
Transfers
83,348
(83.348)
Fund balances at 31 March 2025
7,535,818
593,858
8,129,676 7,951,855

St Cuthbert's Care
Balance sheet as at 31 March 2025
Company reglstration number: 1645917
Note
2025
2024
Fixed assets
Tangible assets
5,225,316
5.134,766
Total flxed assets
5,225,316
5,134,766
Current assets
Debtors
10
601.501
671,083
Cash at bank and in hand
3,559,449
3,314,923
Total current assets
4,160,950
3,986,006
Creditors: amounts falling duo wlthln one
year
{1,009,731)
(890,827)
Net current assets
3,151,219
3,095,179
Total assetsless current Ilabllltles
8,376,535
8,229,945
Creditors.. amounts falling due after more than
one year
12
{200,000)
(225,000)
Provlsions for liabilities and charges
14
(46,859)
(53,090)
Net assets
8.129,676
7,951,855
The funds of thè Charlty
Unrestrlcted funds
General funds
18
2.310,502
2,004,846
Designaled funds: Capildl asseis fund
18
5,225,316
5,134,766
7,535,818
7,139,612
Restricted funds
18
593,858
812,243
Total funds
18
8,129,676
7,951,855
The financial statements on pages 14 to 30 were approved by the Board of Directors and were signed on
its behalf by:
ul Moran
Chair
23 July 2025
16

st Cuthbert's Care
statement of Cash Flows for the year ended 31 March 2025
Note
2025
2024
Cash flows from operatlng actlvities
Nel cash provided by operating activities
16
479,804
1,158,319
Cash flows from investing activities
Interest received
107,927
79,317
Purchase of tangible fixed assets
Sale of tanglble fixed assets
(343,705) (426.175)
500
Net cash used In Investlng actlvltles
{235,278) (346,858)
Cash flows from financing aclivltles
Net cash used In flnanclng actlvltles
Change In cash and cash equivalents In the reportlng
perlod
17
244,526
811,461
Cash and cash equivalenls at the beginning of the
re
ortin
eriod
3,314,923
2,503,462
Cash and cash equlvalents at the end of the reportlng
erlod
3,559,449
3,314,923

St Cuthbert's Care
Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in Ihe
preparatlon of the financial statements are as follows-
Basls of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charilies:
Stalemenl of Recommended Practice applicable to charities preparing Iheir financial statements In
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)-
(Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) and the Companies Acl 2006.
Golng concern
In the year ended 31 March 2025 the Charity recorded a surplus for the year of £177,821 and had a year
end cash position of £3,559.449 with no borrowings.
The overall occupancy level in our two nursing homes increased to 91.2% (2024.. 91.1%) and needs to
remain at a high level for the homes to remain financially viable.
The Charity's forecasts for the coming year factor in the higher salaries and increased employer natlonal
insurance contributions paid lo front line carers which are necessary to reward and retain these hlghly
skilled employees to ensure that outstanding care is provided to the Charity's beneficiaries. The Charity
has no borrowings but does benefit from higher interesl rates for the funds on short term deposit. Fee
negotiations are still ongolng with local authorilies but It is clear that central and local Government funding
constralnls are restricting our ability to achieve the fee increases necessary to reach full cost recovery.
However, the Charity's cash reserves give comfort that any loss is manageable in the medium term,
including at least the next 12 months from the dale of signing.
The Directors have reviewed and assessed the financial performance for the first quarter of 202512026. A
cash flow forecast fof Ihe period to August 2026 has been prepared, which considers realistic downside
cash flow sensitivilies 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 accounling.

St Cuthbert's Care
Accounting policies (continued)
Income
Income is recognised when the Charity has entitlement lo the funds, any performance conditions allached to
the item(s) of income have been met, it is probable that Ihe income 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 estate has been finalised and notification has been made by the executors(s) to the Charily that
a distrlbutlon wlll be made, or when a distribution is received from the eslale. Receipl of a legacy Is only
considered probable when the amount can be measured reliably and the Charily has been notified of the
executor's inlention to make a distribution.
Donated goods and serrflces
The value of donated goods lo the Charity which are for resale are recognised in the financial slalements as
Income when sold due to the low-value of items received.
In accordance with the Charities SORP (FRS 102). volunteer time is not recognised; details about the
volunteers, contribution can be found in the Directors, ￿pOrt.
ExpendSture
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 directly altribuled to
particular headings and have therefore been allocated to 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
attrlbutable VAT which cannot be recovered.
Tanglble flxed assets
Fixed assets costing more than £7,500 are capilalised and included at purchase cost, together with any
Incidental costs of acquisilion.
Depreciation is calculated so as to write off the cosl of tangible fixed assets, less their estimated residual
values, on a stralght-line basis over Iheir expected lives. The principal annual rates used for this purpose are:
Freehold land
Furniture, equipment and plant
Motor vehicles
Assets in the course of construction
5-33
20
Freehold and long leasehold buildings are depreciated over 50 years or, rf shorter, over the period of the
lease.
19

St Cuthbert's Care
Accounting policies (continued)
Fixed asset Investments
Fixed asset investments are staled at the lower of cost or net realisable value.
Operatlng leases
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Rentals
payable are charged on straight line basis over Ihe term of the lease.
Debtors
Trade and other debtors are recognised at Ihe settlement amount due after any trade discount offered.
Prepayments are v8lued at the amount prepaid net of any trade discounts due.
Cash al bank and In hand
Cash al 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.
CredStors and provlslons
Creditors and provisions are recognised where Ihe Charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third paty and the amount due lo settle the obligation
can be measured or estimated reliably. Creditors and provisions are normally recognlsed at Ihelr settlemenl
amounl after allowing for any trade discount due.
Flnanclal Instruments
The Charity only has financial assels and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are inilially recognised at Iransaction value and subsequently
measured at their settlement value wilh the exception of bank loans which are subsequenlly measured at
amortised cost using the effective interest method.
Grants recelvable
Grants, including those for the purchase of fixed assets, are recognised in full when the Charity has
entitlement to the funds, any performance conditions altrlc.hed to the grants have been met, it is probable
that the income will be received and the amount can be measured reliably and is not deferred.
Fund ac¢ountlng
General funds are unrestricted funds which are available for use at the discretion of the Directors in
furtherance of Ihe general objectives of the Charity and which have not been designated for other purposes.
Designaled funds comprise unrestricted funds that have been sei 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 restriclions irnposed by donors
or which have been raised by the Charity for parlicular purposes.
20

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

st Cuthbert's Care
Notes to the financial statements
for the year ended 31 March 2025
1 Expenditure on charitable activities
Direct
costs
Support
costs
2025
2024
Care for people wilh disabililies
3,768,505
342,546
4,111,051
3,260,310
Care for older people
5,381,790
470,980
5,852,770
5,549,008
C8re for children, foslering & social work
2,722,546
187,278
2.909,824
2,846,195
11,872,841
1,000,804 12,873,645 11,655,513
2 Expenditure on raising funds
Direct
costs
Support
costs
2025
2024
Voluntary income, donations & legacies
Activities for generaling funds
14,019
1.534
15,553
5,670
203.696
6,066
209,762
150,494
217,715
7,600
225,315
156,164
3 Support costs
Support cosls, including governance costs of £29,204 (2024.. £29,371), not directly allributable to projects
have been allocated on the basis of employee costs and are analysed below:
Employee
costs
Depreciation Other costs
2025
2024
Charitable activities
596.900
18,994
384,910
1,000,804
979,095
Raising funds
4,533
144
2,923
7.600
4.225
601.433
19,138
387.833
1,008,404
983,320
22

St Cuthbert's Care
4 Employee costs
2025
2024
Employee costs..
Wages and salaries
8,774,509
7,919,604
Social securlty costs
735,034
629,386
Penslon costs
201,711
149,816
9,711,254
8,698,806
The pension costs were charged Ihrough the Statement of Financial Aclivities in respect of the defined
conlribulion scheme operated for employees and allocaled belween activities both restricted and
unrestricted funds on the basis of employee costs.
The company maintains insurance for its employees in respect of their duties as employees as part of its
overall Insurance policy. Six employees received emoluments above £60,000 (2024.. three). Four of the
employees are In the band £60,000-£70,000 (2024: two), one employee is in the band £70.000-£80,000
(2024: none), no employees in the band £80,000-£90,000 (2024: one) and one employee Is In the band
£90,000-£100,000 (2024: none}.
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 Controller and the HR Lead. The
total employee benefits of the key management personnel of the Charity were £386.595 {2024: £403,680).
The 8verage monthly number of employees. analysed by function was:
2025
2025
Full-Tlme
Equivalent
2024
2024
Full-Time
Equivalent
Number
Number
Charitable activities
305
233
292
232
Expenditure on ralslng funds
306
234
293
233
23

St Cuthbert's Care
5 Directors, emoluments
2025
2024
Aggregate emoluments and fees
93,713
89,250
Emoluments are paid to one director {2024: one). the Chief Executive for services as a director and not as
a trustee of the Charily. Provision for payments to the Chief Executive and the Finance Director are made
in the company's Articles of Association. Included in the above are contributions made to the Charity's
pension scheme in respect of this director of £4,463 (2024: £4,250). The Director rece5ved no
reimbursement of travel expenses in the year (2024: £Nil).
Other than as noted above, no dlrector was entitled to nor received any remuneration for thelr services
{2024: £Nil) or were accruing benefits under Ihe pension schemes (2024- £Nil) or received reimbursement
of Ihelr expenses (2024.. £Nil).
6 Net intome for the year
Net income for the year is stated after charging..
2025
2024
Depreciation charge for the year
Auditors, remuneration for audit services
253,155
233,460
25,200
23,952
7 Taxation
The company is a charity established under the Charities Act 2011. It is therefore exempt from taxation in
respect of Income and capital gains received within categories covered by S505 Income and Corporalion
Taxes Act 1988 or S256 Taxation of Chargeable Gains Act 1992, to the extent that such income or gains
are applied to Gharitable purposes only.
24

st Cuthbert's Care
8 Tangible assets
Freehold
Furnlture
equipment
and
plant
long
leasehold
buildings
Assets In
the course of
constructlon
Motor
vehicles
Total
Cost
At 1 April 2024
6,432.782
2.922,958
73,656
39.176
9,468,572
Additions
116,809
128,229
98,667
343,705
Dlsposals
{27,736)
(27,736)
Transfers
39,176
(39.176)
Al 31 March 2025
6,588,767
3,051,187
45,920
98,667
9,784,541
A¢cumulated Depreclatlon
Al 1 April 2024
2,279.722
1,980,428
73,656
4,333,806
Charge for the year
Elimlnaled In respect of
dis
osals
109,200
143,955
253,155
{27,736)
(27,736)
At 31 March 2025
2,388,922
2,124,383
45,920
4,559,225
Not book value
At 31 March 2025
4.199,845
926,804
98,667
5,225,316
Al 31 March 2024
4,153.060
942,530
39,176
5,134,766
9 Capital commitments
Capital expenditure authorised and contracled for but not provided for in the accounls amounts to £313,947
(2024: £237,401). This is for expenditure relating to two lift refurbishmenls and the creation of a third
independent living apartment at one of our care homes. This work will be completed durlng the 2025-2026
financial year.
25

St Cuthbert's Care
10 Debtors
2025
2024
Trade debtors
452,271
385,093
Other debtors
6.614
2,278
Prepayments and accrued income
142,616
283,712
601.501
671.083
11 Creditors: amounts falling due within one year
2025
2024
Trade creditors
418,711
229.334
Other creditors
13,300
108,676
Taxation and social securily
196,634
174,419
Accruals and deferred income
381,086
378.398
1,009,731
890,827
12 Creditors: amounts falling due after more than one year
2025
2024
Deferred income
200,000
225,000
200,000
225,000
The Dlrectors expect Ihe deferred income to be released lo the Statement of Financial Actlvities over the
next 9 years. It relates lo the prepayment of renlal income for office space by the Roman Catholic Diocese
of Hexham & Newcastle and is being released at a rate of £25,000 per annum (2024: £25,000).
13 Reconciliation of deferred income
2025
2024
At 1 April
Released during the year
250,000
275,000
(25.000)
(25,000)
At 31 March
225,000
250,000
There is £25,000 of this deferred income balance included within creditors falling due within one year.
26

St Cuthbert's Care
14 Provisions for liabilities and charges
Analysis of amounts charged through the statement of financial
activities
Pension
provision
Al 1 April 2024
Established during the year
53,090
3,641
Utilised during the year
(9,872)
At 31 March 2025
46,859
The pension provision relates to the unfunded pensions liabililies for former teachers of 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 provlsion Is anticipated lo fall due as follows:
2025
2024
In less than one year
Between one and two years
9,720
9,576
10,012
9,864
Between two and five years
20,418
20,117
In more than five years
6,709
13,533
46,859
53,090
15 Share capital
The company does not have any share capltal and is limited by guarantee. The members of the company
are the Dlrectors and their guarantee is limited to £1 each,
27

St Cuthbert's Care
16 Reconciliation of net Income to net cash provided by operating
activities
2025
2024
Net Income
177,821
705,967
Deprecialion on tangible fixed asseis
Profil on disposal of fixed assets
Decrease in deferred income
253,155
233.460
(500)
{25,000)
{6,231)
{25,000)
(10.233)
Decrease in provisions
Decrease in debtors
69,582
158.660
Increase In creditors
118,904
174,782
Interest recelved
(107,927)
{79,317)
Net cash provlded by operatlng actlvitles
479,804
1,158,319
17 Analysls of net funds
1 April
2024
31 March
2025
Cash flow
Cash at bank and in hand
3,314.923
244,526 3,559,449
Net funds
3,314,923
244,526 3,559,449
28

St Cuthbert's Care
18 Statement of funds
At 1 April
2024
At 31 March
2025
Income Expenditure Transfers
General funds
2,004,846 12,782,927 (12.470.069) (7,202)
2,310,502
Deslgnated funds
Capital assets fund
5,134,766
90,550
5,225,316
Total unrestrlcted funds
7,139,612 12.782,927 (12,470,069) 83,348
7,535,818
Restricted funds:
Alan Shearer Foundation
812.243
493,854
(628,891) (83.348)
593,858
Tolal restrlcted funds
812,243
493.854
{628,891) (83,348)
593,858
Total funds
7.951,855 13,276,781 (13,098.960)
8,129,676
At 1 April
2023
At 31 March
2024
Income Expenditure Transfers
General funds
800.000 11,874,006 (11,333,140) 663,980
2,004,846
Deslgnated funds
Capltal assels fund
Total unrestrlcted funds
5,628,746
(493,980)
5,134,766
6,428.746 11,874,006 (11,333.140) 170,000
7.139.612
Restrlcted funds:
Alan Shearer Foundation
817,142
643,638
(478,537) {170,000)
812,243
Total restrlcted funds
817,142
643.638
{478,537) {170,000)
812,243
Tolal fund8
7,245,888 12,517,644 (11,811,677)
7,951,855
Purpose of Funds
The General fund represents the free funds of the Charity which are not designated for particular
purposes.
The Capital 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.
29

St Cuthbert's Care
18 Statement of funds (continued)
Analysis of net assets between funds (current year)
Restricted Deslgnated
funds
funds
General
funds
Total
Fund balances at 31 March 2025 are
represented by..
Fixed assels
5,225,316
5,225,316
Current assets
593,858
3.567,092
4,160,950
Current liabilities
(1,009,731) (1,009,731)
(246,859) <246,859)
Long term liabilities and provisions
Net assels at 31 March 2025
593,858
5.225,316
2,310.502
8,129,676
Analysis of nel assets between funds (prior year)
Reslrlcted Deslgnated
funds
funds
General
funds
Total
Fund balances at 31 March 2024 are
represented by:
Fixed assets
5,134.766
5,134,766
Current assets
812,243
3,173,763
(890,827> (890,827)
(278,090) (278,090)
3,986,006
Current liabililies
Long term liabilities and provisions
Net assets al 31 March 2024
812,243
5,134,766
2,004,846
7,951,855
19 Related party transactions
The Charily has a close bul arm's length working relationship wilh the Roman Catholic Diocese of Hexham
& Newcastle. which is also a charity. The Charity invoiced £74,945 (2024- £90.761) to the Roman Catholic
Diocese of Hexham and Newcastle in respect of shared costs associated with the provision of offices for
both parties. As al 31 March 2025 £11,998 (2024: £10,697) remained oulslanding and is included in
debtors.
30