St Cuthbert's Care
(A company limited by guarantee)
Annual Report
for the year ended 31 March 2026
Registered Number 1645917
Registered Charity Number 512912

St Cuthbert's Care
Annual Report
for the year ended 31 March 2026
Contents
Directors and Advisors.........
Directors, report lincluding the strategic report)
Independent auditors, report to the members of Sl Culhberl's Care....,..................
10
Slalement of financial activities lincorporating an Income and Expendituro Accounl}......-...................14
Reconciliation of funds..................
15
Balance sheet as al 31 March 2026......................,............................... .........................................
16
Slalement of Cash Flows,..............
17
Accounting policies,...........
Notes lo the fln2ncial slalements,......................................,.
.22

St Cuthbert's Care
Directors and Advisors for the year ended 31 March 2026
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
tvlr M Dickson MBE
Mr N Gilbert
rs A Johnson
Dr K Mannix
Mr P Moran
Mrs K Urwin
Rev Adrtan Tuckwell
Miss Laura Sharpe
Mr Paul Fairlamb
Resigned 22 October 2025
(Chief Executive)
(Chaiil
Resigned 29 April 2026
Appointed 6 October 2025
Appointed 6 October 2025
Appointed 6 October 2025
Company secretary and registered office
Mrs J Nichol
St Culhbert's Hou50
Wesl Road
Newcastle upon Tyne
NE15 7PY
Independent Auditors
S&WAudit
17 Queens Lane
Newcastle upon Tyne
NE1 1RN

St Cuthbert's Care
Directors, report for the year ended 31 March 2026
The Directors present their strategic report for the year ended 31 March 2026.
Objectives and activities
The Charity's Slalement ol Purpose reads..
St Culhberts Care is a charity working for the common good by
enabling people lo dovelop to theirpersonalpot&ntial
The Charity's Vision reads..
To achigve excellence in 811 thet we do
The Charity Values-.
Cherishing Life
We recognise the individuality of each person by upholding the principles of dignity, equality and
diversity.
Achieve
We enable people to achieve their personal potential by fostering a Gullure of empowering and
motivation, IEJlfilling our purpose.
Respect
We show kindness to everyone and through listening and understanding allow people lo have a
clear voice.
Empathy
W8 employ a person<enlred approach that enables us lo provide Care and support for Individuals
by recognising their unique circumstances. perspective and needs
Responsibility
We encourage everyone, regardless Df their role, to lake responsibility for ensuring the safety and
wellbeing of our residents, safeguarding them from any potential harm or abuse.
The Charity is a registered provid8r of social care which benefits the public as a wholè and the core services below
represent the Charity's principal aclivilies..
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 lo provide services lo support the most 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 tho plan each ye8r.
The Directors have reviewed the Charity's Statement of Purpose, together with its Vision and Aims and Objectives
and are satisfied that the Charity continues to meet the requirements of the Charity Commission's guidance on public
benefit.

St Cuthbert's Care
Aehievements and performance
As the charity marks ils 80th year, this milestone has provided an opportunity to reflect on ils enduring mission and
the continued relevance of ils work. To recognise this, an '80 Acts of Kindness initiativè was launched, encouraging
colleagues, volunteers and stakeholders lo undertake simple acts of kindness within their communities.
These acts ranged from small, everyday gestures, such as offering support, sharing time or extending kindness lo
others, through lo going the extra mile in supporting those in need. The initiative reflects the values that have
underpinned the charity's work over the past 80 years and continues lo influence ils approach today.
More broadly, the Charity's activities include a diverse range of care services across the North East, regulated by
Ofsled for children's services and the Care Quality Commission ICQCI for adult services. The regulators undertake
planned and unannounced inspections. Four of the Charity's services were inspected during the yèar, one being
rated Oulslanding" and the other three 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 eentres for
people with disabilities, the Hub@Parkhead and the Alan Shearer Cenlre, are not regulated areas of work,
All the Charity's services 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 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 lo 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 hll s.lllinklr.eelslculhbertscare.
The Charity's significant achievements this year included..
Two siblings from one of our children's homes successfully returning lo their birth family. We provided both
children with a period of stability and worked with their parents to enable the siblings to safely return to their
family home.
A lenanl in one of our independent living seNices, who had previously lived al home, is thriving and growing
in confidence after moving into our service and has been sharing her positive experience with other families
in similar circumstances. This has proved to be very reassuring and helpful for these f8milies in making their
own assessments on the benefits of independent living.
Holy Cross Nursing Home in Sunderland achieved accreditation lo the Gold Standards Framework for
outstanding end of life care, joining sister home Sl Catherine's in Newcastle which was accredited last year.
This achievement demonslrales our commitment to person4entred care for the people we care and support.
st Catherine's Nursing Home was inspected by the local authority during the year and scored a near perfect
399 out of 400 as further validation of the oulslanding care our nursing home care teams provide.
Created purposeful volunteering opportunities al the Alan Shearer Activity Centre lo help build confidence
and develop independence. During the year volunteers from the charity's independent living services. school
work experience, Duke of Edinburgh volunteering and Journey Enterprises have all volunteered to help
enhance the experience for our members at the Cenlre.
The charity has re-invested in ils engagement with schools and parishes during the year, supporting both
fundraising activity and the wider profile of its services. Through inilialives such as the schools Good
Shepherd Appeal, these partnerships have generated vitsl funding for community seNices. This engagement
also plays an important role in raising awareness of the charity's work, strengthening existing relationships
and helping to build connections with future supporters and stakeholders.
The increase in employer's national insurance contributions creates an additional challenge lo remaining an
accredited Living Wage Employer. The Directors are of the opinion that providing the higher living wage,
rather than simply the legal minimum lo our employees, continues lo be fundamental to demonslTaling how

st Cuthbert's Care
we value and reward our employees. In addition, the Directors, recognise people want rewarding careers
and seek lo provide career development opportunities for employees so that they can reach their personal
potential, These afe key elements lo both retain highly skilled staff and lo create future leaders within the
Charity. During the year seven employeEs have been promoted and 14 employeès completed their Care
CertificalelLeader in Adult Care Apprenticeship training. The NE Combined Authority's Shine re-accreclilation
independently demonslrales the Director5 commitment lo our employees, wellbeing and mental health.
Sustainability and reducing the impact on the environment is one of the Charity's objectives, during the year
the Charity completed the procoss of conlraGting for all of ils electricity supplies from laO°h renewable
sources. There is still more lo do lo ieduce our impact on the environment whilst continuing to provide high
quality care.
The Alan Shearer Activity Cenlre, although not regulated, demonslraled the Charity'8 Commitment lo
delivering inclusive, person-cenlred services when it achieved the National Autism Award, recognising the
high quality of specialist support provided lo individuals with autism.
Financial review
The Statement of Financial Activities for the yeai is sel out on page 14 of the financial statements. A summary of the
financial results and the work of the Charity is set out below.
The Charity recorded a deficit for the year of £136,854 compared lo a surplus of £177.821 in 2024.
The Charity's income increased by 2.6¥0 10 £13,624.63012025'. £13.276,7811. Most of the increase was attributable
to inGgme from commissioned care services, up 5.7D/o, with increases in both donations and Dlher trading activities
also conlribuling. Reduced inwme from legacies, foslerlng and investment income resulted in the overall income
increase being only 2.60/0. The f8e uplifts achieved from l(Kal authority commissioners fell below the level required
to meet the increased Cost of providing high quality care, this position is unsustainable in the longer-lerm.
Fundraising
The Charity is deeply grateful for the generosity of ils supporters. Donated income. including legacies received both
directly and via parish collections, decreased by 38 /0 during the year. Donations increased by 41 /0 whilst legacies,
which lend to fluctuate year lo year, decreased by 890h. Donations and legacies continue to be vital in enabling the
Charity to support some of the most vulnerable members of s(Kiely - particularly in areas where no statutory funding
is available. This includes the Alan Shearer Cenlre. our support of the sErvice for people facing hardship or
homelessness, Joe's Place in Gateshead and the Holy Cross lunch club in Sunderland for those at risk of social
isolation where a warm meal and a welcoming space are provided.
Fundraising is coordinated and monitored by the Charity's own employees, volunteers and patrons. The Charity
contracts with an external fundraiser lo support income generation for the Alan Shearer Foundation, which funds the
activities provided free of charge al the Alan Shearer Activity Cenlre, regular meetings are held with the Chief
Executive to ellsure compliance with the Fundraising Code. Income is raised Ih¥ough voluntary contributions from
individuals, local businesses and organisèd events
The Alan Shearer Foundaliop. raised £567,309 during the year12025', £493,854), the increas$ due lo a public appeal
for donab-ons by Alan Shearer on the BBC. the sale of charity hranded merchandise and income from the fundraising
ball. The Directors expres8 their most sincere thanks lo patrons, Lainya and Alan Shearer CBE, and family, for their
dedicated support of the Charity over the last 20 years. They would also like to acknowledge and thank patron, Mike
Bmwne, for his donatlons and continued SUPPDrl of Alan's Foundation since ils launch in 2D12.
The Charity 15 registered with the Fundraising Regulator and it follows the cC￿e of Fundraising Practice, no
eompliance issues were raised about our fundraising pracliee during the year. The Charity does not parli¢ipale in
any fundraising that may be considered aggressive or intrusive and has received no Complaints during the year in
connection with ils fundraising.

St Cuthbert's Care
Cashflow
The Charity's cash balance decreased by £483,528 during the year lo £3,075,921 and includes the reslricled
reserves of £394,808. Cash genemted from operations was £84,687 compared lo £479,804 in 2024 and the Charily
invested an increased amount of £653,685 into fixed assets in the year12024.' £343,7051.
Resources expended
Total expenditure increased by 5D/o lo £13,761,48412025.' £13,098,060). Most of this increase reflected the increase
in salaries to the Charity's employees. The increase ill other trading aclivilies, which accounted for just over 100/0 of
the total increase in expenditure, bèing due lo both the increase in lundtsising activities and the increased cost of
fundraising.
Employees and volunteers
Good Ca￿ starts with good people and the Charity relies on the eompagsionale Caro and profession21ism of ils
employees and volunteers lo ensure that eare services are person-cenlred and delivered with dignity and respect.
The Charity had an average of 30812025.. 3061 full and part-lime 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 4,500 volunteer hours during the year and we welcome
anyong who would like to support the Charity by volunteering.
The dedicalioT) and commitment of our eare teams to the Charity's beneficiaries ensures they continue lo receive the
best possible care. The training and development of employees not only helps lo achieve this for the people we
support bul also, in accordance with the Charity's Purpose. seeks lo enable our employees lo develop lo their
personal polenlial. We recogni5e the demands on our teams ofworking in the social care sector and of life generalty.
The Charity's mental health first aiders are there to support their colleagues when in need and additionally offers a
free confidential counselling service availablo lo all our employees.
These actions evidenee the Charity's Commitment lo ils employees and very much rellecl the Charity's culture in
valuing and iespecling every individual.
The Charity's recruilmenl policies re-enforee our commitment to equal opportunities in ernployment. The Chaiity's
Values Eased approach lo recruitme￿t ensures we employ, train and promote employees based on their values,
abilities and qualifications wilhoul regard lo age, disability, gender reassignment, marriage or civil partnership,
pregnancy and maternity, race lincluding colour, nats'onalily and ethnic or national origin), religion or belief, sex or
sexual orienlalion. The Charity is also an approved user of the Positive about Disabled People symbol and was
accredited at the intermediate. level for the North East Combined Authority's Shine award. The Charity remains
committed lo maintaining ils slalus 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 eare sector as a whole, 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 Cuthberl's Care. The employee handbook, togethèr wllh staff a5so¢ialion
meetings, intranet, team meetings and regular briefings help to keep employees informed of the Charity's initiatives
nd performance.
Plans for future period$
The Charity continues to focus on the execution of ils Five-year Plan for 2025-2030, an outline of which is noted
below. The Chief Executive, supported by the senior management team, continue to focus upon the implemenlalion
of this plan which will generate new incowe and will continue lo keep the Charity's employees and beneficiaries al
the heart of ils wort< whilst also being alert lo new opportunities.

St Cuthbert's Care
That every service delivers a person-cenlred approach to support, ensuring that outcomes are specific for the
individual. Progress will be measured by internal reviews by the senior team End externally by regulatory
ratings.
Priorilise employee personal and professional development lo suppoil 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 opporlunilies 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 donorsl lo imprDve awareness of the Charity's work. Performance measured by survey,
employee turnover, Compliments & complaints, donations and ne￿ork of stakeholders.
A commitment lo sustainable practices across all the Charity's services in order lo reduce the Charity's impact
on the environment. Measured by external assessment.
That all revenue gènerating services generate a surplus. The Charity 8chieves a surplus of 50/0 lo ensure the
Charity remains financially viable, is able to invest in ils existing services and has the resources lo develop
new services lo meet any un-mel demand.
Investment in childr&n's residential Services including offering a leaving care setvice to support young people
Iransilioning from our 2417 residential care lo independent living.
Expansion of Fostering North East, 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-lerm strategic plan for the Holy Cross sile,
Seek opporlunilies to deliver community I charitable services to embed the Charity in the community it serves.
The charity has well dèveloped plans to open two new services during 2026127. The first a commissioned service for
the residential care of children with disabilities. The second a charity funded service lo support vulnerable women al
risk of being homeless andlor being criminally exploited.
Principal risks and uncertainties
The Charity's core work is in 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 to mitigate them
as far as is practical.
The Directors consider the under-funding of services by commissioning bodies that is prevalent across the whole of
the social care sector and the lecruilmenl of skilled care workers lo be the most significant risks facing the Charity in
the medlum to long term.
In addition, the Charity musl operate with high occupancy levels dLte lo the high fixed costs of operating care services.
High occupancy levels ensure regular cash flows which help mitigate the under-funding of care. Any surplus is re-
invested in the Charity's servicès.
The Charity's excellent reputation, which reflects the care and compassion shown by ils highly committed employees
in delivering high quality care helps ensure a steady flow of referrals from placing authorities. The Charity also
undertakes annual fee negoli8lions for every service. The Directors consider these actions, along with a strong
culture of transparency and prudent stewardship, will enable the Charity lo manage the 5ector-wide challenges it
faces.
The Charity's forecast and budget for the corning year indicate an operating deficit is possible if higher occupancies
are not achieved andlor the current fee uplifts for 2026127 are not increased. The Charity's cash reserves remain
SLJffielent that should a deficit be incurred the Charity will remain able lo pay its debts as they fall due beyond 12
months from signing this report.

St Cuthbert's Care
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 seNices. The Charity's excellent reputation with commissioning authorities
adds further comfort. The Directors continue lo expect this and future financial years lo be Challenging due lo the
under-funding of services but are confident that through effective management, backed up by healthy cash reserves,
the Charity will be able lo manage the challenges ahead.
More details about the Charity's services, testimonials and information on future developments ean be found on the
Charity's website.. htt s.'Ilstculhbertscare.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 1982.11 is govèrned by Articles of Association which were last amended on 25 June 2024. Its obje¢ls are to
carry out all forms of social care.
Governance and internal control
The Articles of Association allow for up lo 12 directors to be appointed at any one time. The Directors are also
Iruslees. 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-commillees..
The Audit, Finance and Risk sub-commillee oversees the fi'nances and management of risk for the Charity.
Effective risk management is embedded within the culture of St Culhberl's Care. The managers of the
Charity's services implement, review and amend risk management plans as and when required. A iisk panel,
comprising the Charity's key management personnel and the Director of Compliance, meets monthly lo
assess all risks lo the Charity, both potential and actual, and implemènts appropriate controls.
The Remuneration sub-commillee benchmarks and reviews salaries and benefits across the Charity.
The Nominations sub-committee considers suitable applicants to be proposed lo the full Board for
onsideration 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 lo the work and business needs of the Charity.
Key management personnel
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 Scoll
Gill Ennis
Julie Nichol
Denise Hall
Directors
The directors of the company during the year and up lo the dale of signing are listed on page one.
The Charity inducls evèry director upon appointment and provides training days. These include refresher training on
trustees and directors, legal duties and responsibilities. Visits lo the Charity's services enable the Directors lo meet
the Charity's beneficiaries and employees. These visits make for more informed decision making al the Charity's
Board meetings.

St Cuthbert's Care
Investment policy
Under the Articles of Association, the Charity has the power lo make any investment which the Directors see fit.
Currently, 2nd throughout the year, funds have bèen invested in short term cash deposits only. The Directors consider
this to be the most appropriate course given the shorl-lerm needs of the Charity-
Insurance of directors
The company had during the year ended, and continues to maintain, appropriate insurance for the Directors in respect
of liabilities that may arise against them petsonally 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. Parl of this prO￿sS includes the bellchmarking
of Ioc31 market rates in similar organisalions.
Reserves polley
The Directors require the Charity's general reserves to be sufficiènt lo allow Sl Cuthbert's Care the flexibility lo
continue to operate and develop in accordance with the Charity's Slalement of Purpose and Articles of Association.
The Directors believe it prudent to hold general reserves of £2.1m, which they consider is required lo meet the
financial risks the Charity may face, as identified in the annual budgeting process for potential downside sensilivilies.
As al 31 March 2026, the current level of the gèneral reserves is £1.99m. The Directors review the policy on reserves
on an annual basis as part of the annual budgeting process and monitor the level ol rese￿e5 throughout the year.
In addition there is one designated fund and one reslricled fund maintsined by the Charity, details of which can be
found in note 18 in the financial slalemenls.
statement of directors, responsibilities
The Directors (who are also Trustees of Sl Culhberl's Care for the purposes of charity lawl are responsible for
preparing the Directors. Report lincluding the Sliategic Report) and the financial statements in accordance with
applicable law and regulations.
Company law requires the Directors lo prepare financial statements for each finanei81 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 company law, the Directors must not approve
the financial statements unless they are satisfied that they give a true and fair view of the slate 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 ftnancial slalemenls, the Directors are
required to..
select suitable accounting policies and then apply therN Consistently.,
observe the methods and principles in th8 Charities, SORP.,
rnake judgements and estimates that arè reasonable and prudent.,
slate 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 stalemenls., and
prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the
charitable company will continue in business.
The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy al any
lime the financial position of the Charity and to enable them lo ensure that the financial statemen15 comply with the

St Cuthbert's Care
Companies Act 2006. They are also responsible for safeguarding the assets of IhÈ Charity and hence taking
reaSO￿able steps for the prevention and detection of fraud and other irregularities.
The Directors are responsible for the maintenance and integrity of the charitsble company's website and social media
2CCOLJnls. Legislation in the United Kingdom goveming the preparation 2nd dissemination of financial slalemenls
may differ from legislation in olherjurisdiclions.
Disclosure of information to audttors
In so far as the Directors are aware at the lime 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 lo have taken as a director in order lo Make
himselflherself aware of any relevant audit information and lo èstablish that the Company's auditors are
aware of that information.
Independent Auditors
The auditors, S&W Audit, have indicated their willingness to continue in Offi￿ and a resolution concerning their
reappointment will be proposed al the Annual General Meeting.
On behalf of the Board
oran
Chair
2g July 2026

St Cuthbert's Care
Independent auditors, report to the members of St Cuthbert's
Care for the year ended 31 March 2026
Opinion
We have audited the financial slalemenls of Sl Cuthbert's Care (the 'charilable company'l for the year
ended 31 March 2026 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash
Flow Statement and notes lo the financial slatemenls, includin9 a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law and
United Kingdom Accounting Standard5, including Financial Reporting Standard 102 The Financial
Reporting Standard applicable in the UK and Republic of Ireland (Unilecl Kingdom Generalty Acceptèd
Accounting Practice).
In our opinion the financial statements..
give 8 true and fair view of the slate of the charitable company's affairs as at 31 March 2026. and of
the company's income and expenditure, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practi¢g', and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We eonducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities lor the audit of the financial slalemenls section of our report. We are independent ol the
ch2rilable company in accordance with the ethical requirements that are relevant lo our atsdil 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 wè have
obtained is sufficiènt and appropriate lo provide 8 basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going conGern basis
of accounting in the preparation of the financial statements is approprtate,
Based on the work we have performed, we have not identified any material uncerlainlies relating lo 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 al least ￿e1ve months from when the h'naneial slalemenls
are aulhorised for issue.
Our responsibilities and thè responsibilities of the trustees with respect lo going concern are described in
the relevant sections of this report.
other Information
The other information comprisès the information included in the Directors Annu21 Report. other than the
fr'nancial slalemenls and our auditor's report thereon. The Trustees are responsible for the other
information contained within the Directors, Annual Report. Our opir*ion on the financial statements does
not cover the other inft>rmation and, except lo the extent otherwise explicitly staled in Dur report, wè do not
exprèss any form of assurance conclusion IheTeon. Our rèsponsibility is to read the other information and,
in doing so, consider whether thè other information is malerialty inconsistent with the lin4llcial slalemenls
or our knowledge obtained In the course ol the aLJdil or othewise appears lo be materially misstated. If we
identify such material inconsistencies or apparent material misslatemenls, we are requiied to determine
whether this gives rise lo a material misstaloment in the financial statements themselves. If, based on the
work we have perLormed, we conclude that there is a material misslalement of this other information. we
are required to report that fael.
Vve have nothing lo report in this regard.

St Cuthbert's Care
Independent auditors, report to the members of St Cuthbert's
Care (continued)
Opinions on other matters prèscribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Directors, Report, which includes the Strategic Report, is prepared for the
PUIPOse of company law, for the financial year for which the financial slalemenls are prepared is
consistent with the financial stalemenls., and
the Strategic Report included in the Directors. Report has been prepared in accordance with applicable
legal requirements.
Mattèrs on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course
of the audit, we have not identified material misststeTnenls in the Direclor5' Report including the Strategic
Report.
We have nothing to report in respect of the following rnatlers in relation lo which the Companies Act 2006
requires us lo report to you il, in our opinion.
adequate and sufficient accounting records have not been kept by the charitable company, or Teturns
adequate for our audit have not been received from br8nches not visited by us-, or
the charitable company's financial slalements 8re not in agreement with the accounting records,, or
certain disclosures of Iruslee5' retnuneralion 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 take advantage of the small companies. exemptions from the
requirement lo prepare a strategic report.
Responsibilities of trustees
As explained more fully in the Directors, Responsibilities Statement sel out on page 8, the trustees Iwho
are also directors of the charitable company ft)r the purposes of charity lawl are responsible for the
preparation of the financial statemellts which 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 misslalemenl, whether due to fraud or error.
In preparing the financial slatemenls, the Iruslees are responsible for assessing the charitable company's
ability lo continue as a going concern, disclosing, as applicable, mallers related lo 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 hav& no realistic allèrnalive but lo do so.
Auditor's responsibilities for the audtt of the financial statements
Our objectives are lo obtain reasonable assLJrance about whether the financial slatem&nls as a whole are
free from material misstalemenl. whether due lo fraud or error, and lo issue an auditor's report that includes
our opinion. Reasonable assurance is a high level of assuran￿, bul is not a guarantee that an audit
conducted in accordance with ISAS IUKI will always delecl a material mlsslatemenl when il exists.
Misslalemenls 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 de¢isions of users taken on the basis of
these finan¢ia5 slalemenls

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
pmceduTes in line with our responsibilities, outlined above, lo delecl material misslalemenls in respect of
irregularities, including fraud. The exlenl to which our procedures are capable of delecling irregularities,
including fraud, is detailed below.
We obtained a general understanding of the company's legal and regulatory framework through enquiry
of management concerning their Ljndèrslanding of relevant laws and regulations, the èntity's policies and
pitscedures ￿ardIng compliance, and how they identify, evaluate and 3ccounl for liligalion claims. We
also drew on our existing understanding ol the company's industry and règulations.
Vve understand that the company Complies with the framework through:
Engaging external legal professionals as required and making changes to internal procedures
and controls as necessary.
The dirèctors, close involvement in the day-to-day running of the business, meaning that any
liligalion or Claims would come lo their allenlion 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 conlenl
of the financial slatemenls, which are central to the company's ability lo conduct its business, and where
there is a risk that failure lo comply Could result in material penalties. We identified thè following laws and
regulations as being of Significan￿ in the Context ol the company..
The Companies Act 2006 and FRS 102 I￿ respect of the preparation and presentation of the
financial slalements.
The Charities Act 2011 and the Charities.. Slalem&nl of Recommended Practice in respect of
the preparation and presentation of the financial slatemenls,
We performed thts followllg specific procedures lo gain evidence about compliance with the significant
laws and regulations identified above..
Making enquires ol trustees and management as to where they consider there to be a
suscepbbility lo fraud and whether they have any knowledge or suspicion of fraud.,
Obtaining an understanding of the internal controls established lo miligale risk5 related lo fraud
or non-complian￿ with law5 and regulalion5',
Reviewing the ￿inUteS of meetings of those Charged with governance.,
Rèviewing the reports and communications issued by Ofsled and the Care Quality Commission.,
and
Reviewing a sample of legal and professional fees to ensure that any claims. liligalion or other
compliance related matters weTe identified and appropriately disclosed.
The senior slalulory auditor led a discussion with senior members of the engagement team f￿ardIng the
susceptibility of the entity's financial slalemenls lo material misslalemenl, 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.
L2

## **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 out to gain evidence in the above areas included: 

- Performed data analytics on the general ledger against client specific criteria 

- Selected a sample of journal entries using client specific risk criteria and agreed to supporting evidence 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our 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 Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the 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 S & W Audit Statutory Auditors 7th August 2026** 

17 Queens Lane Newcastle upon Tyne NE1 1 RN 

13 



St Cuthbert's Care
Statement of financial activities (Incorporating an Income and
Expenditure Account) for the year ended 31 March 2026
Unrestrlcted
funds
Re8tri¢ted
funds
2026
Total
2025
Total
Note
Income
Income from charitable activities
Care for children
2.349,245
2,349,245
2.242,844
Care for people with disabilities
4,082,408
4,082,408
3.875,143
Care for older people
5,607,008
5,607,008
5,283,276
Grants receivable
Fostering & social work
Income fmm donations, legacies
and other trading activity
757.769
757,769
900,056
Donations
120,033
38,386
32,680
69,792
187.220
307,253
38,386
397,089
216,461
Legacies
other trading activities
Investment income
346,084
324,990
107,927
364,409
15,680
85,472
567.309 13,624,630
Total income
13,057,321
13,276,781
Expenditure
Expenditure on charitable
activities
13,027,915
429,460 13,457,376 12,873,645
Expenditure on raising funds
Donations and legacies
Other trading activities
Total expenditure
15,637
11,492
15,637
15,553
276,980
288,472
209,762
706,440 13.761,484 13,098,960
13.055.044
Net income I Ideficitl for the year
2,277
139,1311 1136,8541
177,821
All operations arè continuing.
All gains and losses in the year are included in the Slalemenl of Financial Activities.

St Cuthbert's Care
Reconciliation of funds for the year ended 31 March 2026
Unrestricted
Restrlcted
funds
funds
Total
2026
Total
2025
Fund balances at 1 April 2025
7,535,818
593.858
8,12g,676 7,951,855
Net inoome I Ideficill for the year
2,277
1139,131} 1136,854)
177,821
Transfers
59,919
159,919)
Fund balanees at 31 March 2026
7,S98,014
394,808
7,992,822 8,129,676

st Cuthbert's Care
Balance sheet as at 31 March 2026
Company registration number: 1645917
Note
2026
2025
Fixed assets
Tangible assets
5.599,882
5,225,316
Total flxed assets
5,599,882
5,225,316
Current assets
Stock
13,566
Debtors
10
633.994
601,501
Cash at bank and in hand
3,075,921
3,559.449
Total current assets
3,723,481
4,160,950
Creditors: amounts falling due within one
year
11
1,112,850) {1009,731)
Net current assets
2,610,631
3.151,219
Total assets less current liabilities
8,210,513
8.376.535
Creditors.. amounts falling due after more than
one year
12
1175,0001
1200,0001
Provisions for liabilitie5 and charg8S
Net assets
14
142,6911
146,8591
7,992,822
8,129,676
The funds of the Charity
Unrestricted funds
General funds
1,998,132
2.31D,502
Designated ftjnds.. Cgpilal assets fund
18
5,599,882
5,225,316
7,598,014
7,535,818
Restricted funds
18
394,808
593,858
Total funds
18
7,992.822
8,129,676
The financial statements on pages 14 to 30 wefft approved by the Board of Directors and were signed on
its behalf by..
Moran
Chair
29 July 2026

St Cuthbert's Care
Statement of Cash Flows for the year ended 31 March 2026
Note
2026
2025
Cash flows from operating actlvltles
Net cash provided by operating activities
16
84,687
479,804
Cash flows from investing activities
Interest received
85,472
107,927
Purchase ol tangible fixed assets
1653,685) 1343,7051
Nèt cash used In Inve5ling actlvltles
1568,2131 1235,2781
Cash flows from financing activities
Net cash used in financing activities
Change in cash and cash Èqulvalents In the reportlng
period
17
{483,5281
244,526
Cash and cash equivalents at the beginning of the
eriod
re
orlin
3,559,449
3,314,923
Cash and cash equivalents at the end of the reporting
eriod
3,075,921
3,559,449

St Cuthbert's Care
Accounting policies
The principal accounb'ng policies aLtopted, jLJdgements and key sOu￿S of estimation uncertainty In the
preparation of the financial statements are as follows..
Basis of preparatlon
The financial 8lalements have been prepared in accordance with Accounting and Reporting by Charities..
Slalemenl of Recommended Practice applicable to charities preparing their financial slalemenls 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 ot Ireland
IFRS 1021 and the Companies Act 2006.
Going concern
In the year ended 31 March 2026 the Charity recorded a defi¢it ft)r the year of £136,853 and had a year
ènd cash position of £3,075.921 with no borrowings. The deficit ¢omprised an unreslricled surplus of
£2,277 and a rèstricted deficit of £139,131. The re51ricled dèficit is funded frotn the reslricled resetve, the
reslricled funds balance al the 31 March 2026 was £394,808.
The like for like combined occupancy level for all the charity's services declined by 4°k compared to
2024125, which contributed lo the reduced unreslricled surplus for the year along with the increase in
employer costs this year. Occupancy levels need lo remain at high lev&ls for the charity's services lo be
financially viable.
The Charity's forecasts for the coming year factor in the increased staffing costs paid lo employees
delivering care and which are necessary to reward and relain our highly skilled employees. The Charity
has no borrowings bul does benefit from interest from funds on short term deposit. Fee negotiations with
commissioning local authorities are ongoing bul Il is clear that fee increases for 2026127 will fall short of
full Cost recovery. However, the Charily's cash reserves give comfort that this is manageable in the medium
term, including al leasl the next 12 months fiom the dale of signing.
The Directors have reviewed and assessed the financial performance for the first quarter of 202612027. A
cash flow forecast for the period lo August 2027 has been prepared, which considers realistic downside
cash flow sensilivilies and this together with continued dewand for the Charity's care services gives the
Directors confidence in conlinLJing ID adopt the going eon¢ern basis of accounting.

St Cuthbert's Care
Accounting policies (continued)
Income
Income is rec￿nISed when the Charity has enlillement to the funds, any performance conditions attached lo
the itemlsl of income have been mel, il is probable that the income w711 be received and the amount Can be
measured reliably.
For legacies. enlillemenl ts the earlieT of the date on which either.. the Charity is aware that probate has been
gTanled, the eslale has been flnallsed and notification has been made by the exe¢ulorslsl to the Charity that
a distribution will be made, or when a distribution is re￿iVed from Ihg eslale. 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 intention 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 IFRS 1021, volunteer lime is not reC￿nIsed., details about the
volunteers, contribution can be found in the Directors, ￿ptsrt.
Expenditure
All expenditure is accounted for on an acciuals basis and has been classified under headings that aggregate
all Costs rèlated lo the category. Support costs include expenditure which cannot be directly attributed lo
particular headings and have therefore been allocated to activities on the basis of employee costs.
Governan¢e costs represent the legal and professional fees of running the Charity 2nd costs associated wlh
preparing and holding Board meetings and are inclLJded within support costs. Rèsources expended include
attributable VAT which cannot be recovered.
Tangible fixed assets
Fixed assets costing more than £7,500 are capitalised and included at purchase cost. together with any
incidental costs of acquisit¢"on,
Depreciation is calculated so as lo write off the cost of tangible fixed assets, less their eslimaled residual
values, on a straight-line basis over their expected lives. The princip31 annual rates used for this purpose are..
Freehold land
Plant
Furniture and equipment
Computer equipment
Motor vehicles
Assets in the course of conslruclio
33
20
Freehold and long leasèhold buildings aTe 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 slatecl al the lower of cost or nel realisable value.
Operating leases
Leases that do llal transfer all the Tisks and rewards of ownership are classified as operating leases. Rentals
payable are eharged on straight line basis over the term of the lease.
Stock
The charity's stock of goods for res8le have been measured al the lower of the cost and eslimaled nel
sales proceeds.
Debtors
Trade and other debtors are recognised at the seitlemenl amount due 8fter any trade discount offered.
Prepayments are valueci 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 Irom 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 pr8senl obligation resulting from a past
event Ihatwill probably result in the transfer of funds lo a third paty and the amount due lo sellle the obligation
can be measured or estimated reliably. Crèditors and provisions are rsormally recognised al their settlement
amount after allowing for any trade discount due.
Financial Instruments
The Charily only has financial assets and financial liabilitie5 of a kind that qualify as basic financial
instrLJmenls. Basic financial instruments are initially recognised al transaction value and subsequently
measured al their settlement value with the exception of bank loans which a￿ subsequently mè8sured al
amortised cost using the effective interest method.
Grants receivable
Grants. inclLJding those for the puichase of fi'xed assets, are rec(￿nISed in full when the Charity has
entitlement to the funds, any performan￿ conditions attached lo the grallts have been met, il is probable
that the incorlle will be received and the amount can be measured rèliably and is not deferred.
Fund accounting
General funds are unreslricled 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 unreslricled funds that have been set aside by the Directors for particular
purposes. Thè aim and use of each designated fund is sel OLtI in note 18 to the financial slatemenls.
Reslricled funds are funds which are lo be Ltsed in accordance with specific reslrictsons imposed by donors
or which have been raised by Ihe Charity for particular purposes.
20

St Cuthbert's Care
Accounting policies (continued)
Pension costs
The Charity makes available a defined contribution pension scheme lo employees to which it contributes.
The scheme originally set up as a stakeholder pension scheme meets the automatic enrolment Tules.
There is a historical unfunderl pension liability and adjuslmenls 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 lo include a cost of living increase. These costs are included in the SOFA,
Critical accounting estimates and areas of judgement
Preparation of the lin8n¢ial statements requires management to make estimates and judgements. These
are continually evaluated and are based on historical expeTience and other factors, including expectations
of future events that are believed lo be reasonable under the circumstances.
The directors consider there to be no significant estimates or judgements made during the year which had
a material impacl on the results reported in the financial statements.

St Cuthbert's Care
Notes to the financial statements
for the year ended 31 March 2026
1 Expenditure on charitable activities
Direct
costs
Support
costs
2026
2025
Care for people with dis8bililies
3,886,306
336.178
4,202,484
4.111,051
Gare for older people
Care for children, loslering & Social work
5,761,628
482,081
6,243,709
5,852,770
2,812,371
198,811
3,011,182
2,909,824
12,440,305
1,017,070 13,457,375 12,873,645
2 Expenditure on raising funds
Direct
costs
SupF)orl
costs
2026
2025
Voluntary income, donations & legacies
Activities for generating funds
14.169
1,468
1S,637
15,553
282,089
6,383
288.472
209,762
296,258
7.851
304,109
225,315
3 Support costs
Support costs, including governance costs of £32,28012025.' £29,204), not directly allribulable lo projects
have been allocated on the basis ol employee costs and are analysed below..
Employee
costs
Dèprociab'on Other costs
2026
2025
Charitable activities
606,601
19,304
391.166
1,017,071
1,000,804
Raising funds
4,682
149
3,019
7,850
7,600
611,283
19,453
394,185
1,024,921
1,008,404
22

st Cuthbert's Care
4 Employee costs
2026
2025
Employee costs:
Wages and salaries
9.192,068
8,774,609
Social security costs
1,038,654
735,034
Pension costs
242,506
201,711
10,473,228
9,711,254
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 its employees in respect of their duties as eTnployees as part of ils
overall insurance policy. Seven employees received emoluments above £60,000 12025.. six). FThie of the
employees are in the band £60.000-£70,000 {2025'. foL(rl, one employee is in the band £70.000-£80,000
(2025.. one) and one employee is in the band £90.000-£100,000 {2025.' onel.
The key management personnel of the Charity comprise the Chief Executive, the Director of Care, the
Dirèctor 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 £403,85412025.' £386,595).
The average monthly number of employees, analysed by function was..
2026
2026
Full-Time
Equivalent
2025
2025
Full-Time
Equivalent
Number
Number
Charitable activities
307
233
305
233
Expenditure on raising funds
308
234
306
234
23

St Cuthbert's Care
5 Directors, emoluments
2026
2025
Aggiegale emoluments and fèes
95,968
93,713
Emoluments are paid to one direclor12025.' one), the Chief Executive for services as a director and not zs
a Iruslee of the Charity. Provision for payments lo the Chief Executive and the Finance Director are made
in the company's Articles of Association. Included in the above are contributions made ID the Charity's
pension scheme in respect ol this director of £4,486 12025." £4,463). The Director received no
reimbursement of travel expenses in the year12025'. £Nill.
Other than as noted above, no director was enlilled lo nor received any remuneration for their services
{2025.' £Nil} or were accruing benefi'ts under the pension schemes12025'. £Nil} or received reimburs6m8nl
of their expenses12025.' £Nill.
6 Net income for the year
Nel income for the year is staled after charging..
2026
2025
Dep￿CIatE0n charge for the year
Auditors, remuneration lor audit services
279,119
253,155
26,400
25,200
7 Taxation
The Company is a charity established under the Charities Act 2011.11 is therefore exempl from laxalion in
respect of income and capital gains received within categories covered by S505 Income and Corporatio
Taxes Act 1988 or S256 Taxation ol Chargeable Gains Act 1992, to the exlenl that such income or gains
are applied lo charitable purFX)ses only.
24

St Cuthbert's Care
8 Tangible assets
Freehold
Furnlture
equipment
and
plant
long
leasehold
buildings
Assets In
the course of
construction
Motor
vehicles
Total
Cost
Al l April 2025
6,588,767
3,051,187
45,920
98,667
9,784,541
Additions
333,383
206,S38
113,764
653,685
Disposals
Transfers
87,364
11,303
198,6671
At 31 March 2026
7,009,514
3,269,028
45,920
113,764
10,438,226
Accumulated Depreclation
At 1 April 2025
2,388,922
2,124,383
45,920
4,559,225
Charge for the year
119,155
159,964
279,119
Eliminated in respect of
dis
osals
At 31 March 2026
2,508.077
2,2B4,347
45.920
4,838,344
Net book valug
At 31 March 2026
4,501.437
984,681
113,764
5,599,882
Al 31 March 2025
4,199,845
926,804
98,667
5,225,316
9 Capital commitments
Capital expenditure aulhorised and contracted for but not provided for in the accounts amounts lo £228,487
{2025'. £313,947). This 15 for expenditure relating Its the refurbishment of a property in preparation if
opening an incorne generating residential service for childrerk With disabilities. This work will be completed
during the first quarter of the 2026-2027 financial year.
25

St Cuthbert's Care
10 Debtors
2026
2025
Trade debtors
271,425
452.271
Other debtors
17,286
6,614
Prepayments and accrued income
345,283
142,616
633,994
601,501
11 Creditors: amounts falling due within one year
2026
2025
Trade creditors
518,238
418,711
other creditors
5,986
13,300
Taxation and social security
Accruals and deferred income
242,979
196,634
345,647
381,086
1,112,850
1,009,731
12 Creditors: amounts falling due after more than one year
2026
2025
Deferred income
175,000
200,000
175.000
200,000
Thè Directors expect the deferred income lo be released lo the Slalemenl of Financial Activities over the
next 8 years. It relates lo the prepayment of rental income for office space by the Diocese of Hexham &
Newcastle and is being released al a rale of £25,000 per annum12025.. £25,000).
13 Reconciliation of deferred income
2026
2025
At fj April 2025
Released during the year
At 31 March 2026
225,000
250,000
125,0001
125,0001
200,000
225,000
There is £25,000 of the 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 2025
Established during the year
46,859
5,487
Utilised during the year
19,6551
At 31 March 2026
42,691
The pension provision relates to the unfunded pensions liabilikn'es 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 6 years.
The provision is ants'cipaled to fall due as follows..
2026
2025
In less than one year
9,600
9,720
Be￿een one and two years
9.888
10,012
Between and five years
20,165
20.418
In more than five years
3038
6.709
42,691
46,859
15 Share capital
The company does not have any share capital and is limited by guarantee. Thè members of the company
are the Directors and their guarantee is limited lo £1 each.
27

St Cuthbert's Care
16 Reconciliation of net Income to net cash provided by operating
activities
2026
2025
Nel Deficit
1136,854}
279,119
177,821
Depreciation on tangible fixed assets
Profit on disposal of fixed assets
253,155
{50DI
Decrease in deferred income
125,0001
125,0001
Decrease in provisions
14,1681
16,2311
Increase in Stock
113,5661
Ilncreaselldecrease in debtors
132,4931
69,582
Increase in creditors
103.121
118,904
Interest received
185,4721
1107,9271
Net cash provided by operatlng actlvltles
84.687
479.804
17Analysis of net funds
1 April
2025
31 ivlarch
2026
Cash flow
Cash al barnk ancs in hand
3,559,449
1483,5281 3,075,921
Net funds
3,559,449
1483.5281 3,075,921
28

St Cuthbert's Care
18 Statement of funds
Al 1 April
2025
At 31 March
2026
Incom8 Expenditure Transfers
General funds
2,310,502 13,057.321 {13,055,0441 1314,6471
1,998.132
Designated funds
Capital a55els fund
5,225,316
374,566
5,599,882
Total unrestricted funds
7,535,818 13,057.321 {13,055,0441 59,919
7.598,014
Restricted funds:
Alan Shearer Foundation
593,858
567,309
1706,4401 159.9191
394,808
Total restricted funds
593,858
567,309
1706,4401 159.9191
94,808
Totsl funds
8,129,676 13,624,630 113,614,484)
7,992,822
Al 1 April
2024
At 31 Wlarch
2025
Income Expenditure Transfers
General funds
2,004,846 12,782,927 112,470,069} 17,2021
2,310,502
Designated funds
Capllal assets fund
5,134,766
90,550
5,225,316
Total unr&striGted funds
7,139,612 12,782,g27 112,470,069) 83,348
7,535,818
RestriGted funds:
Alan Shearer Foundation
812,243
493,854
1628,8911 {83,3481
593,858
Total restricted funds
812,243
493,854
1628,8911 183.3481
593,858
Total funds
7,951,855 13,276,781 113,098,960)
8,129,676
Purpose of Funds
The Genera1 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 ot services in furtherance of the Charity's objects. These funds are therefore unavailable for
other use.
The Charity has one reslricled funcl. The Alan Shearer Foundation which represents IhosÈ funds raised by
the Foundation which have not yel been spent on charitable aclivilies. The transfer from the reslricled fund
lo the designated capital assets fund during the year represents the Cost of capital assets purchased during
the year to support the delivery of services lunded by the restricted fund,
29

St Cuthbert's Care
18 Statement of funds (continued)
Analysis of nel assets be￿een funds (current yearl
Restricted Deslgnated
funds
funds
General
fund8
Total
Fund balances al 31 March 2026 are
represented by..
Fixed assets
5,599,882
5,S99,882
Current assets
394,808
3,328,673
3,723,481
11,112,850) 11,112,850}
{217,6911 1217.6911
Current liabilities
Long term liabilities and piovisions
Nel assets at 31 March 2026
394,808
5,599,882
1,998,132
7,992,822
Analysis of nel assets between funds (prior yearl
Restricted Designated
funds
funds
General
funds
Total
Fund balances at 31 March 2025 are
represented by..
Fixed assets
5,225,316
5,225,316
Current assets
593,858
3,567,092
4,160,950
11,009,7311 11,009,731)
1246,8591 {246,8591
Current liabilities
Long term liabilities and provisions
Nel assets al 31 March 2025
593,858
5,225,316
2.310,502
8.129,676
19 Related party transactions
The Charity has a close but arm's length working relationship with the Diocese of Hexham & Newcastle,
which is also a charity. During the year the Charity invoiced £64.30412025'. £74,945) to the Diocese of
Hexham and Newcastle in respect of shared cost5 associated with the provision of offices tor L)oth parties.
As al 31 March 2026 £8,031 {2025'. £11,9981 remained outstanding and is included in debtors.
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