REGISTERED COMPANY NUMBER. 02357285 (England and Wales)
REGISTERED CHARITY NUMBER: 701331
ort of the Trustees and
Financial Statements for the Period Ended 18-Month Period Ended 31 M reh 2023
ect Ltd.
Limited b Cu8rantee
Alexander Myerson & Co Limited (Statutory Auditor)
Alexander House
61 Rodney Street
Liv¢rpool
Me￿eys1de
LI 9ER

ect Ltd.
al and Administrative Inforrnation
for the 18-Mon
h Period Ended 31 March 2025
Truslees
A Gilinore
D Broad
C Graham
J Hooper (appoinled 1714124)
Company Seerelary
T Pritchard (appointed 1019125)
Charity Number
701331
c.ompany Number
02357285
Registered office
151 Si&nley Road
Bootle
L20 3DL
Auditor
Paul Burn5 Bsc Hons BFP FCA
Alexander Myerson & Co Limited
Alexander House
61 Rodney Street
Liverpool
Merseyside
LI 9ER

ec¢ Ltd.
Contents of the Financial Statemenls
or the 18-Month Period F.nded 31 March 2025
Page
Report of the Trustees
Statement of Trustees, Re5pon5ibilities
Report of the Independent Auditors
Consolidated Statement of Financial Activities
Consolldated Balance Sheet
Charity Balance Sheet
12
Con$olidited Cash Flow Statemenl
13
Notes to the Cash Flow Statemen¢
14
Notes to the Financlal Statement$
15 to 28

ect Ltd.
Re
ort of the Trustee5
for tlie 18-Month Periijd F.nded 31 March 2025
The trustees present their report and financial statements for the 18-Month Period Ended 31 March 2025.
The financial stalements have been prepared in accordance with the accounling policies set out in note I to the financial
slalemenls and comply with the charity's governing document, the Companies Act 2006 and Accounting and Reporting by
Charilies., Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Irelaiid (FRS 102)" (as amended for accounting periods commencing
from l January 2019).
ObjectlV¢5 and activities
The ¢ha rity's objects are to:.
1) promote the value of ordinary living opportunities and to eliininate the segregation and stiginatisation of people who
consider themselves to be disadvantaged by reason of their physical ill health, mental health or learning disability.
2) provide support services with the aim of preserving and protecting the health and well-being of people with physical health
needs, mental health needs andlor learning disabilities.
3) undertake the Inanageineni of housing projects, including the responsibi lities of a manageinent agent, which provide an
alternative to institutionalised care for pcople with physical health needs, tnental health needs and/or learning disabilities,
In setting our objectives and planning our activities tl)e trustees have given careful consideration to the Charity Commission's
guidance on public benefit.
Our Vision
A world where disability has no limitations.
Our Mlsslon
To deliver person-centered support to people wilh disability, proilloting and enabling independent choice and integration inlo the
cotniiiunity.
Our Vfilues
Collaborate. Challenge, Care.
Our PersonAlity
Expert. Bngaging. Down to Earth. Inclusive,
The charity aims to Achieve its objects through the provision of the following services:
l ) Supported Living Schemes - the provision of supported living housing and support services to enable people to live as
indLpcndcntly a5 possible in homes of their choice.
2} Day Ceiitre Services - the provisioii of support, advice and structured activity for people experiencing mental ill health.
3) Domiciliary care - the provision of ongoiiig outcomes-based int¢rvenlions and short-terni crisis Inanageinent.
4) Cotninunily Support - provision of support to enable individuals to access the coinmunities in which they liv¢.

ect Lld.
ort of the Trustees
for the 18-Monlh Period Eiidcd 31 March 2025
Achievements and performance
Expect r¢main5 committed to delivering high quality services desplte the ongoing challenges in the Adult Social Care sector. Our
ethos is around empowering people to live the lives that they choose whilst ensuring that appropriate safeguards are always in place.
We encourage people to access community-based activities and peer on peer support so that they are able to develop friendships
with like-minded individuals.
We are alinost at the ¢nd of the 2020 - 2025 Business plan and trustees will soon be approving the new three-year plan, During the
course of the plan the Charity has continued to be a provider of choice by funders, in particular around working with p¢ople with
coinplex necds.
The Charity's Day Service, which runs from the Bowersdale Resource Centre provides a safe space in which service users can
get involved in ineaiiingful activities that have a positive iinpacl on their lives, Inental heallh and well-being. The service is
essentially a partnership between Expect and the Cheshire and Merseyside Integrated Care Board ICB) and the work of the
Centre continues to be support¢d via a grant from this Board, which is reviewed on an annual basis. During this period, this
grant was successfully retained. In addition lo the grant Expect has received funds from various donors for specific projects,
such as a gardening project, druin sessions and the setting up of a gym at the Centre, with service users educated around all
aspects of health and well-being.
The organisation remains cominitted to the ethos of the Real Living Wage. however, this has not been possible during the period and
support staff are on one of two different pay scales,. the NMW and a liigher rale that takes into account relevant qualifications and
workirtg for ihe charity for 24 months or more, All support staff are encouraged to achieve as a minimum the Level 2 Diploma in
Health and Social Care during the first year of employment.
Officers of Expect have conlinued to play an active role in the maintenance and developinent of broader cominunity-based services
aiid ren]ain coinrnitted to offering assistance and support to the umbrella organisation Sefton Council for Voluntary Services, of
whicli it is a formal member. Expert's CEO and Senior Managem¢nt Team ivork closely with the leaders of other similar organi5ations
operaiing in the geograpliical area and Colleagues in Local Council Commissioning leams* particularly those in Cot)way,
Denbighshire, Sefton, Knowsley and Liv¢rpool to drive up standards and maxiin ise knowledge through effective partnerships.
Whilst th¢ recruitment of suitable staff who share the organisation's values remains a significant challenge, we have been successful
in Inanaging lo reduce our agency costs and tlie aini is to reduce this even ￿rther in the coming years,
Expect Lid. underwent a rebrand in August 2024 with new logos and einail addre5s¢s and we received very positive feedback around
this projecl. The new bi'anding is professional and reinforces the ethos and values of the charity and its purpose.

eet Ltd.
orl of the Trustees
ror the 18-Month Perlod Lnded 31 Mareh 2025
Our workforce receive a full company Ènduction and a comprehensive ti'aining programine of skill and knowledge-based learning,
which is delivered both face-to-face and digitally. In addition. the organisation accesses free training provided by tlie local
authorities with whom we work and managers also deliver training that is aligned lo specific strengths that they have.
The Expect Board of trusiees haiye Continued to meei regularly. In addition lo bi-monthly meetings trust¢es are kept updated on a regular
basis around any serious issues, including safeguarding.
Financial review
The operational deficit for the group during the period was £3k (2023.. £441 k). The main reason for the deficit is a consequence of
accounting for the amortisation of goodwill for the year of £18k (2023., £61 k) and bad debts of £3 Ik. Additionally, 11)ere has been
the use of agency staff, capacity building and slrengihening the operational management learn. Expect have also sadly lost a number of
service users throughout the year, Ivho either passed away or whose needs had changed, and funders Considered that other placements were
more appropriate for them.
As at 31 March 2025 total group funds of £1.8M (2023.. £1.8M) were held all in unrestricted funds available for the general
purposes of the charity.
OLir primary sources of funding are the fees received from Local Authority Social Services Departments or from Integrated Care
Boards, depending iipon which body is responsible for financing the care needs of the individual client, Upon referral clients are
assessed and a Care Plan agreed with the funders. LA)cal Authorities pay set rntes for services, and these are not open to negolialion, which is
why one of the stsaiegic aims of the Charity is to diversify its income stream5 so that it is Able to provide support packages al rates that are set
by Bxpect and agreed with the individual or other funder.
Our financial slralegy remains focused on groi¥ing our income. we have already sel lh¢ foundalions for growth by exploring other income
streams such as local fundraising, legacies and grants and ive are also looking to influence the sector and become involved in research
around Adult Social Care. This ivill maximise the polenlial of th¢ Group to remain sustainable moving forward.
Reserves Policy
Given the well-do¢umented difficulties faced by Adult Social Care Providers il remains difficuli to maintain reserves. However,
trustees give priority lo the organisation being able to maintain an appropriate level of reserves for the charity and hav¢ ¢oncluded th81
we should aim for the folloiying:
The trustees wish 10 have 3 Inonihs running costs, based on the18513 }rears ger)erAI fund expenditure in case of a major problem or d¢la)'s in
payments from our funders,
The group's fo¢us ivill remain on organic growth,
Inveslment Strategy and Performance
The challenges that the sector is still facing folloiving the pandemic mean the Irusiees Ii&ve not yct been able to consider making
inveslmenls, Hoivever, this remains a priority for Trustees lo explore in the upcoming financial years.
Rlsk Management
The trustees have a risk Imanagement slralegy which compri5es'.
an annual review of the principal risks and uncertainties that the charity faces.
the establishment of polici¢s, s}Islems and procedure5 to miligale those risks identified in the arjnual review. and
• the iimplementalion of proredures designed lo miAimise or Inaiiage any poteiilial impact on the charity should tliose risks
materiali5e.
Financial svstainabilit), continues to be a major risk for the chariij,, bul the managemeiil of this risk ensures that w'e maintain Su￿1Clent ivorking
capital.
Atteiilion has also been focused on non-financial risks, which are managed througli relevant processes, accreditations and exlei'nal
advice and consultancy.

ect Ltd.
ort of the T￿￿￿teeS
for the 18-Month Periud Ended 31 March 2025
Future Plans
The Expect Gra￿p conlinues to ivorL in line iviih is lafrst five-year Strategic Business Plan, which is regularly revieived by and updated as
appropriate. We continue to build on the robust platform that has been eslablished in recent years and the plan relains our strong ethical
underpinnings Ind values. The inain aspirational tenets during the five years will be:
To coiitinue in the provision of service5 of the highest quality
To nurture and 5upporl the Expect Group's ethical and sociall}, sen51tiv¢ approach 10 delivering and commissioning serviees.
To seek opportunities to ivork in partnershiplcollaboralively with commissioners, service userslcilizens and other relevant stakeholders.
To be an employer of ¢lioice for both current and prospective employees by having a genuine intent lo pay the highest possible rates of
pay which will prove a strong inducement to recruitment.
To give investment in local communities a high.level status
To continue lo ¥vork for & social Care rnark¢lplace where the choices and preferences of individuals are givei) the highest level of
imporlan¢e, Where choice is seen as a key driver lo the design and delivery of services.
To place Ihe maximisalion of indiwiduals, bolh Service Uscrs, Ciliicns and cmployccs as a high.level objective.
To acknowledge opporlunilies lo acquire suilable potential Inembers of the Expect Group bul to give priority lo the consolidation,
slrengihening and development of those services and in areas ivhere the Group currently operates.
To ensure that the Group's business evolution lakes place iyiihin a strategic frameNvoTk that places the highest valu¢ on retaining light
conlrol over quality as il is a central belief thai this provides the most effective nieans of securing the best.
Structure? governance and management Governing Document
Expect Ltd. is a company limited guaranlee governed by ils Memorandum and Arlicl¢s of Association dated 20th May 2005. It is registered with
Companies House {No. 2357285) and iviih the Charity Cominission (No. 701331). Anyone over the age of18 can become a member of the
charitable company and there are ¢urrenll> 4 members (5 in 2023), each of whom agrees lo contribute £1 O in rhe event of ihe ¢hariry winding
The trustees, Ivho are also the directors for the purpose of company lai¥, and who served during th¢ year and up to the date of signature of
Ihe financial stalemen15 w¢re'.
Anthony Gilmore
Damon Broad
Claire Graham
Jeremy Hooper
Appointment of trustees
As sel out in the Articles of Association the Iruslees are elected by the members of the charitable coinpan}' attending any Board Meeting or the
Annual General M¢eling.
OrgFani$alion
The Board of Trustees, Ivhich shall be no les5 than 3 members, administers lh¢ charity. The board norinally meets bi-monthly. A Chief Executive is
appointed by the Irust¢¢s lo manage the day-lo-da), operations ofihe charity. To facililale effective operations, th¢ Chief Executive has delegated
authority,, Ivithin Ihe terms of delegation approved by the Iruslees, for operational matteTS including service delivery activity, finan¢e, human
resource5 and health and safety.
Trustee induction and training
Nei¥ Iruslees are provided with an Induction Pack to brief Ih¢m on. their legal obligations undei, charity and company law; the Charity
Commission guidan¢¢ on public benefit; the cont¢nt of the Nlemorandum and Articles of A5socialion,'
the board and the decision-making process. the strategic plan. recent fillancial performance. During lh¢ induction process they m¢el key
employees and other Irustees, Trustees are encouraged to attend appropriate exl¢rnal Iraining events ivhere these will facilitate Ihe urtderlaking of
their role.
Pay policy for senlor stAff
The trustees consider that the board of trustees and the senior managernent team coniprise the key management personnel olthe charity it) charge of
directing and controlling, running and operating lh¢ charity on a day.lo.day basis. All Iruslees give of Ih¢ir lim¢ fr¢¢ly and no Irust¢¢s r¢¢¢ived
remuneration in the year.

ect Ltd.
ort of the Trijstees
for the 18-Moiitli Perio(1 r.nilc(131 March 2025
The pa), of the senior staff. eicluding the Chief Eie¢ulive, are revieii'ed aniiuall), in line il'iih Eip¢ct's remuneration polic),. The pa), of the Chief
Eieciilive is rei'ieiied ai)i)uall)' Ihrough discussioii beliieen and Chair and CEO and 15 approved b). Ilie iloard of Trustees.
Auditor
Alexander Myerson & Co Limited ii'ere appointed as auditor to the coinpany.
Diselosure of iiiformation lo auditor
Each of the trustees has confirin¢d that there is no infortnation of ii.'hich 11)cy are ai¥'are ivhich is rcleiianl lo Ihc aiidil, bul of ivhich the
auditor is uiiaivare. The), hai'e further confirmed Ihal Ihe}' haiie iakeii appropriate steps lo id¢nlif)' sucli relevanl infornialion aiid lo
establish that the auditor is aivare of such information.
Small company provisions
This rcporl l)as bceii prep1( red iii ac¢oTdance ii'ilh the special provisions relating lo sinall coinpani¢s iviihiiiPart 15 of Il)e Coinpanies Act 2006.
Tl)e Iruslees, report ivas approved by Ilie Board of Triislees.
Trustee - Mr A G ilinore

ect Ltd,
statement of Trustee's Rcs
onsibilities
for tlie 18-Munth Pcriod Ended 31 March 2025
The Iruslees (who are also the dire¢lors of Expect Ltd. for the purposes of company law) are responsible for preparing
the Report of the Trustees and the financial 5taleinents in accordan¢e with applicable law and United Kingdom
Accounling Standards (United Kingdom Generally Accepted Accounting Practice).
Coinpany law requires the trustees to prepare financial statemeii15 for each financial year which give a true and fair
view of the state of affairs of the charitable Company and of the irLcoming resources aiid application of resources,
including the income and expenditure, of the cl)aritable company for that periocS. In pr¢paring those financial
slateinenls, Ihe trustees are required to
select suitable accounting policies and then apply them consistently,
observe the tnethods and principles in the Charity SORP.
make judgernents and esiimales Ihat are reasonable and prudent.
state whether applicable accounting sthndards have been followed, subject to any material departure5 disclosed and
explained in the finanLial slatemenls,
prepare the financial sialLments on the going concern basis unless it is inappropriate to presume that the charilable
company will continue in business.
Tlie Iruslees are responsible for keeping propel. accounting records which disclose with reasonable accuracy at any time
the financial position of the charilable coinpany and to enable them to ensure that the financial statements coinply witl)
the Conipanies Act 2006. They are also Irsponsible for safeguarding Ihe assets of the charitable compaiiy and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities,

ort of the liide
¢ndent Auditors to the Members of
ect Ltd.
Opinio
We have audited the financial Statements of Expect Limited (the 'charitable company,) and its subsidiary (the group) for
the 18-Month Period Ended 31 March 2025 which coinprise the Consolidated Statement of Financial Activities, the
Consolidated and Parent Balance Sheets, the Consolidated Statement of Cash Flows and noles to the financial
staiements, including a sumniary of significant accounting policies. The financial reporting framework Ihai has been
applied in their preparation is applicable law and United Kingdoin Accoumtillg Slatldards (United Kingdorn Generally
Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fail. view of the stal¢ of the group's and charitable coinpany's affairs as at 31 March 2025 and of the
group's incotning resources and application of resources, including its income and expenditure, for the period then
ended-,
have been properly prepared in accordance with United Kingdoin Generally Accepted Accounting Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Int¢rnational Standards on Auditing (UK) (ISAS (UK)) and applicable law.
Our responsibilities under those standards are further described in the Auditors, respon5Lbilities for the audit of the
financial stateinents section of our report. We are independent of the charitable company in accordance with the ethical
requirernenis that are relevant to our audit of the financial slaleinents in the UK, including the FRC'S Ethical Standard,
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe thai the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to golng concern
In auditii)g the financi41 stalemenls, we have concluded that the trustees, use of the going concern basis of accounting in
the preparation of the finan¢ial stalement5 is appropriate.
Based on Ihe work we have performed, we have not identified any material uncertainties relating to events or conditions
that. individually or collectively, may cast significant doubl on the charitable company's ability to Continue as a going
concern for a period of at least twelve months froin when the financial statements are authorised for issue.
Our responsibilities and the responsibililies of the trustees with respect to going concern are described in the relevant
sections of this report.
Other Information
The trustees are responsible for the other information, The other information romprises the inforniation included in the
Annual Report, other than the financial statements and our Report of the ITJdependent Auditors Ihereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financilll statements, our responsibility is to read ihe other information and. in doing
50, consider whether the other inforiiilltion is materially inconsistent willi the financial slateinents or our knowledge
obiain¢d in the audit or otherwise appears to be Inaterially Inisstated. If we idenlify such material inconsistencies or
apparent material misstateinents, we are required to determine whether this gives rise to a material misstatement in IhL
financial statements themselves. If, based on the work we have p¢rfonned, we conclude thai there is a material
misstateinent of this other inforination, we are required to report that fact, We have nothing to report in ihis regard.
Opinions on other m&¢ter$ preseribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
Ihe informalion given in the Report of the Trustees for the financial period for which the financial statements are
prepared is consistent wilh the financial statements. and
Ihe Report of the Trustees has been prepared in accordance with applicable legal requirements,

Re ort of the Inde
endent Auditors to the Members of
ect Ltd.
Matters on wliich we are required to report by exception
In the light of the knowledge and understanding of the charitable company and it5 environment obtsined in the course
of the audit, we have noi identified materffial misstatements in the Report of the Trustee5.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to repoit to
you if, in our opinion:
adequate accounting recordg have noi been kept or returns adequate for our audit have not been received from
branches not visited by us. or
the financial statements are not in agreement with the accounting records and returns; or
rxrtain disclosures of trustees, reinuneration specified by law are not inade. or
we have not r¢ceived all the infom)ation and explanations we require for our audit.
Responsibillties of trustees
As explained more fully in the Stateinent of Truslees, Responsibilities, the trustees (who are also the directors of the
hariiable company for the purposes of company law) are responsible for the preparation of ihe f￿anCIal 5tatemLnts and
for being satisfied that they give a true and fair view, and for such internal control as the trustees det¢rniine is nccessary
to enable the preparation of financial statemenls that are free froin inaterial misstatement, whether due lo fraud or error,
In preparing rhe financial stat¢rnents, the trustees are responsible for assessing Ihe charitable company's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unles5 the trustees either intend to liquidate the charitable company or to cease operations, or have
no realistic alternative but to do so.
Our responslbllltles for the audit of the financial statements
Our objectives ar¢ to obiain r¢asonable assurance about whether the financial statements as a whole are free froin
material misstatement, whether due to fraud or error, at)d to issue a Report of the Indcpcndent Auditors that includes
our opinion. Rea5()nable assurance is a high level of assurance but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a malerial misslalemenl when it exists. Misstal¢meiits can arise froiii
fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to
influence the econoinic decision5 of users taken on the basis of these financial statements.
The extent lo which our procedures are capable of detecting irregularities, including fraud 18 detailed below:
As part of designing our audit, we detei'mined materiality and assessed the risks of material Inisstatenient in the
rinancial statenients, including how fraud Inay occur by enquiring of manageinent of its own considcratioii of fraud. In
particular, we looked where niiilldgcm¢iit niade subjective judgements, for ¢xainple in respeLI of significant accounting
estimates that involved making assumptions and considering future events Ihal are inherently uncertain. We also
considered potential financial or other pressures, opportunity and inotivations for fraud. As part of this discussion, we
identified the internal controls established to mitigate risks related to fraud or noncoiiipliance with laws and regulations
and how managem¢nt monitoi. these processes. Appropriate procedures included tlie review and testing of journals and
key estimates and judgemeilts made by management.
We gained an understanding of the legal regulatory framework applicable lo the con)pany and the indiistry in which it
operates and considered the risk of acts by the company that were in breach of these laws and regulation5, including
fraud.
We Inade enquiries of rnanagement with regards to compliance with the above laws and regulations to ensure thal there
were no breaches.
As part of our audit we perfomied s&niple testing, agreeing the financial statements disclosures to underlying supporting
docum¢ntation and enquiries with management.
We did not identify any key audit matters relating to irregulariti¢s, including fraud. We addressed the risk of
managem¢nt override of intemal controls including testing journals and evaluation whether there was evid¢nc¢ of bias
by ihe directors that represented a risk of material misstatement due to fraud.
Our audit procedures were designed to respond to risks of rnaterial niisstateinenl in the financial statements, recognising
that the risk of not detecting a malerial mi55tatemenl due to fraud is higher than the risk of not detecting one resulting
froni error, as fraud may involve deliberate concealment.
A further description of our responsibilities for Ihc audit of the financial stateinents is located on the Financial
Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the
Independ¢nl ALiditors.

orl of the Inde
endent Auditors to the Members of
eet Ltd.
Use off our report
This report is Inade solely to the charitable company's mernbers, 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 charilable company's
members ihose matters we are required to State to them in an auditors, report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the
charitable company's members as a body, for our audit work, fol. this report, or for the opinions we have fonned.
Paul Burn5 Bsc Hons BFP FCA (Senior Statutory Auditor)
for and on behalf of Alexander Myerson & Co Lirnit¢d (Statutory Auditor)
Alexand¢r House
61 Rodney Street
Liverpool
Merseyside
LI 9ER
Date:
I f I1£12f,,.,,,.,...,,..,

ect Ltd.
CoD¥i)lidated Slxlement of Financial Activities
Includin
J IneoIiie and Ex
cnditure Account
for the 18-Monlli Period Ended 31 March 2025
31.3.25
30.9.23
Unrestricted Unrestricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Doi)ations and legacies
19,521
1,592
Charitable Activities
Residential Care Services
Supported Living Services
Doiniciliary Care Services
Day Services
121,349
5,406,472
199,950
3,166,006
242,185
154,746
Other trading activities
Investment income
Other income
1,982,887
2,231
1,499,160
2,959
Tot41
7 821284
5,051 181
F,XPEIYDITURE ON
Raising funds
1,669,214
1,240,897
Charltable activltles
Residential Care Services
Supported Living Services
Doiniciliary Care Services
Day Services
166,034
5,652,750
521,196
3,536,338
336 620
193 564
Total
7824618
5 491995
NET INCOMEI(EXPENDITURE)
(3,334)
(440,814)
RECONCILIATION OF FUNDS
Total funds brought forward
1,742,513
2,183,327
TOTAL FUNDS CARRIED FORWARD
1739 179
1742 513

ect Ltd.
Coiisolidated Balance Sheet
31 March 2025
31.3.25
Tolal
fuiids
30.9.23
Total
funds
Note5
FIXED ASSETS
Iiitai)gible assets
Tangible assets
12
13
24,910
1651,871
25,598
1,850,525
1,676,781
1,876,123
CURRENT ASSETS
Debtoi's
Cash at bank aiid iii haiid
15
639,499
181.660
646,779
185,063
821,159
831,842
CREDITORS
Aiiiouiils falliiig due williin one year
16
(392,929)
(449,702)
iYET CURRENT ASSETS
428 230
382 140
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,105,011
2,258,263
CREDITORS
Ainouiils falling diie after iiiore Ilian one year
(365,832)
(515,750)
NET ASSETS
1739 179
1742513
FUNDS
Uiiresti'icted t'ui)ds
20
1739 179
1742 513
TOTAL FUNDS
1739 179
1742513
The financial slal
iiienls were approved by tlie Board of Ti'ustees aiid auihorised for issue on
and were sigi)ed oli ils bel)alf by..
Trustee - Mi. A Giliiiore
Conipany registration number.. 02357285

ect Limited
Charit Ilal¥ince Sheet
31 Marcli 2025
31.3.25
30.9.23
Uiirestricted Unrestricted
rliiids
funds
Notes
FIXED ASSETS
Intangible assets
I'angible assets
Invesli)ients
12
24,910
686,701
1 124 308
7,366
709,277
1 124,308
14
1,835.919
1,840,951
CURRENT ASSETS
Debtors
Cash at baiik
15
432,217
471.377
52.459
459.416
523.836
CREDITORS
Ai)iounls lalliiig due within one year
16
(491,731)
(467.546)
NET CURRII NT (LIABJLITIES)/ASSETS
32315)
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,803,604
1.897,241
NET ASSETS
1,803 604
1897241
FUNDS
Uiiresli'icted tiii)ds
20
1803 604
1897241
TOTAL FUNDS
1803,604
1897241
Th¢ financial statei)ienls were appi'oved by the Board of Trustees aiid auil)orised for issue on
.i.o.l.iii.i<.......... and were signed 011 its behalf by:
Ti'uslee - Mr A Giliiiore
Coiiipaiiy RegJislralion No.: 02357285

ect Ltd.
C011501idatcd Cash Flow Sl*tement
18-Month Period Ended 31 March 2025
31,3,25
30,9.23
Notes
Cash flows from oper&ting activltles
Cash generated from operations
41747)
Net cash (used in}Iprovided by operating a¢tiviti¢s
41747)
Cash llows from investing activities
Purchase of tangible/intangible fixed assets
Proceeds of sale of propety
Interest received
(51,609)
233.333
{41.702)
Net cash (used in)/provided by investing activities
183 955
18 743)
Cash flows from finaneing lctivitles
New loans in year
Loan repayments in year
145 611)
57 039)
Nel cash (used in)Iprovid¢d by financing activities
145 611)
57 039)
Ch4nge in Cash ond co$h equlvalents In
lhe reporting period
Cfish and chsh equivHl¢nt¥ at the
beginning of the reporting period
(3,403)
(100.035)
185063
285 098
Cash and cash equivalents At the end of
(h¢ reporting perlod
181,660
185,063

eel Ltd.
Notes to the Cash Flnw S¢atement
18-Monlh Period Ended 31 March 2025
RECONCILIATION OF IYET EXPENDITURE TO NET CASH FLOW FROM OPERA TING
ACTIVITIES
31.3.25
30.9.23
Net expenditure for the J'eporting period (as per the Statemenl of
Financial Activities)
Adjustment5 for:
Depreciation and amortisalion charges
Profit on disposal of fixed assets
nterest received
D¢¢rease in debtors
Increasel (Decrease) in creditors
(3,334)
(440,814)
117,333
(99,7 l5)
(2,231)
7,280
132,349
(2,959)
178,681
128 490
Net cash (used In)Iprovided by operations
41747)
ANALYSIS OF CHANGES IN NET DEBT
At 30.9.23
Cash flow
At 31.3.25
Net eash
Cash at bank and in hand
185 063
181660
185 063
181660
Debt
Debts falling due within l year
Debt5 falling due after l year
{58,475)
515 750)
(4,307)
149918
(62,782)
365 832
574 225)
145611
428614
Tolal
389 162)
142 208
246 954

ect Ltd.
'otes to the Financial Stalemenls
18-Month Period Lnded 31 March 2025
ACCOUNTING POLICIES
Basis of preparing the finaneial statements
The financial statements of the charitable company. which is a public benefit entity under FRS 102. have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities., Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic Of Ireland (FRS 102) (effectiv¢ l Jalluary 2019),,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Companies Act 2006. The financial stateinents have been prepared under the historical cost
convention.
Consolldation
The group financial stateinenls consolidatg those of tlie charity and its wholly owned subsidiary undertaking8
drawn up to 31 March 2025. The results of the charity's subsidiaries have been incorporated on a lin¢-by-line
basis,
separate Statement of Financial Activities aild Incorne and Expenditure Account for the parent charitable
company lias not been presented because the Charity has taken advaniage of th¢ exemption afforded by section
408 of the Companies Act 2006,
Income
All incoine is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it
is probable that the iniome will be received, and the amount can be rneasured reliably.
Income from govemment and oth¢r graiits, whether 'capital' grants or 'revcnue' grants. is recognised when the
charity has entitlement to the funds, any pei'foi'mance conditions attached to the ilcm(s) of income have been
n)et, it is probable that the incorne will be received, and the amount can b¢ measured reliably and is not deferred.
Interest on funds held on deposit is included wl)en receivable and the amount can be measured reliably by the
¢harity; this 15 normally upon notification of tlie interest paid or payable by the bank,
Dividend incorne is I'e¢ognised when lh¢ right to receive payment is established, usually when the investment is
declared ex-dividend,
Trading income is the ainount derived froin the provision of services by the subsidiary, and stated after trade
discounts, other sales taxes and net of V AT.
Expenditure
Expenditur¢ is recognised once there is & legal or constructive obligation to Inake a payment to a third party, it is
probable that settlement will be required and the amount of the obligation can be measured reliably.
Expenditure is classified under the following activity headings:
Residential Care
Supported Living
Domiciliary Care
Day Services
Irrecoverable VAT is charged as a cost against th¢ activity for which the expenditure was incurred.
Support cosls are those functions that assist the work of the charity but do not directly uiidertake charitable
activities. Support costs include back-o￿lCe costs, finance, personnel, payroll and governance cosls which
support the chariti¢s programmes and activities, These costs have been allocated between cost of raising funds
and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note

ect Ltd.
Notes to the Financial Statements - continued
18-Month Period Ended 31 March 2025
ACCOUNTING POLICIES- continued
Intangiblc fixed assets - goodwill
Goodwill represents th¢ excess of tl)e cost of acquisition of Inco￿Orated businesses over the fair value of iiet
asset5 acquired. It 15 initially recognised as an asset at cosl and is subsequently measured at C05t less
accumulated amortisation and accumulated impairnlent losses. Goodwill shall be considered to have a finite
Useful life and shall b¢ amortised on a straight line basis over five years.
Any negative goodwill is written off to the SOFA iz) the year of acquisition.
Intangible fixed assets other Ihan goodwill
Iiilangible assets are stated at cost less accumul8ted amortisation and accumulated impainnent105ses. Intangibl¢
asset5 are amortised over their estimated useful life. on the following basis:
Software - 250/0 per annum reducing balance
Rebrand Costs_ 25Q/o per annum reducing balance
Where factors such as technological advancement or changes in market price, indicate that residual value or
useful life ii)ay have changed. the residual value, useful life or aniortisation rate are amended prospectively to
reflect the new circumstances.
The assels are reviewed for impairment if the above factors indicate thal the carry amount may be iinpaired.
Costs associated with maintaining computer software are recognised as expenses, as incurred.
Impairment of nxed assels
At each reporting Lnd datc, the charity reviews the carrying amounts of ils tangible and intangible assets to
deteiinine whether there is any indication that those assets have suffered an impairinent loss. If any such
indication exists, the recoverable amount of the asset is estimated in order lo determine the exteni of the
impaimient loss (if any).
Tangible fixed assets
Depreciation is provided at the following annual rates in order to wrile off each asset over its estimated useful
life.
Freehold propety
Long leasehold
Improvements to propety
Plant and machinery
Fixtures and fittings
Motor vehicles
Computer equipmenl
20/0 on cost
20/0 on cost
200/0 on cost
25 % on reducing balance
15 % on reducing balance
25 % on reducing balance
33Q/o on reducing balance
Tangible fixed assets are stated at cost less accuinulated depreciation and accumulated impairnienl losses, Cost
includes the original purchase price, costs directly attributable to bringiiig Ihe asset into its working condition
for its intended use. dismantling and restoration costs and borrowing costs capitalised.
Land and buildings include freehold offices and cominunity centres. Land and buildings are stated at cost less
accumulated depreciation and accuinulated impainnent105ses,
The charitable company previously adopted a policy of revaluing freehold land and buildings, and they were
stated at their revalued amount less any subsequent depreciation and accumulated impairment losses.
The difference between depreciation based on the deemed cost charged in the Statement of Financial Activities
and the assets original cost is charged to the Revaluation Reserve. Plant and machinery and fixtures and fittings
and motor vehicles are stated at cost less accumulated depreciation and accumulated impairment10sses.

ect Ltd.
Notes to the Fliiancial Statements - eontinued
18-Month Period Ended 31 March 2025
ACCOUNTING POLICIES - eontinued
Tangible fixed assets
Subsequent costs are included in the assets carrying amount or recognised as a separate asset, as appropriate.
only when it is probable that economic benefits associat¢d wilh th¢ item will flow to lh¢ charitable company and
Ibe cost can be Ineasured reliably.
Repairs. maintenance and minor inspection costs are expensed, as incurred.
Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the
difference between the net disposal proceeds and the carrying amount is recognised in the Statement of
Financial Activities.
Investments
Investments are recorded at cost less any impairinent required.
Taxation
The charity is exempt from corporation tax on ils charitable activities,
Charitable fund5
All incom¢ and expenditure together with gains and105ses are allocated lo a specific charitable fund.
Unrestricted funds are available for use at the discretion of the Irustees in furtherance of their charitable
objectives unless the fltnds have been designated for other purposes.
Designated funds are unrestricted funds of tl)e charity which the trustees have decided at their discretion to Set
aside 10 use for a specific purpose. Fuilher details of designated funds together with their purpose are set out in
note 20.
Restricted funds are donations which ihe donor has specified are to be used solely for particular areas of the
eharity's work or for specific projects being undei1aken by the ¢harity.
Lea.%es
Reiital.s payable under operating leases, including any lease incentives received, are charged as an expense on a
strdi&yht.linL basiq ovcr thc tenn of the relevunt lease.
RevAluotion reserve
Gains or losses arising on the revaluation of individual fixed assets other than investment properties are credited
or debited to a non-distribiitable reserve knowii a5 the revaluation reserve (see note 20).
Pension eosts And other post-retlrement benefits
The charitable company operates a defined Contribution pension scheme. Contributions payable to the
charitable company's pension scheme are charged to the Statement of Financial Aclivities in the period to which
they relate,
Group relief
The financial statements hav¢ been prepared on the assuinption that group relief will be used to facililate ihe
transfer of corporation tox losses between companies in ihe group. No compensation is made in respect of any
loss relief between companies,
Going eoneern
At the time of approving the financial statemeiits, the trustees have a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to
&dopt the going concern basis of accounting in pr￿arIng the financial statements.

Ex
eet Ltd.
Notes to the Fiiiancial Statements - continued
18-Mnnth Period nded 31 Mareh 2025
DONATIONS AND LEGACIES
31.3.25
30.9.23
Unreslricled Unrestricted
funds
funds
Donations and gifts
Grants
9,677
1.592
Grants received. included in the above, are as follows:
31.3.25
30.9.23
General grant
OTHER TRADING ACTIVITIES
31.3,25
30.9.23
Unrestricted Unrestricted
funds
funds
Young People's Support
Supported Living
Housing support
Domiciliary Care
564,696
988,979
211,342
217 870
445,115
702,336
145,520
206 189
1982 887
1499 160
INVESTMENT INCOME
31,3,25
30.9.23
Unrestricted Unrestricted
funds
funds
Deposit accouiit interest
INCOME FROM CHARITABLE ACTIVITIES
Residential
Care
Services
Supported
Living
Services
Domiciliary
Care
Services
Care Package Income
Client Contribulions
Property Managemeiil fees
Other income
Service charge income
121,349
5,279,787
13,680
22,342
8,611
121349
5 406 472

eet Ltd.
Notes to the FinAnciAI Statements - eontinued
18-Moiilh Perind F.nded 31 March 202
INCOME FROM CHARITABLE ACTIVITIES - Continued
31.3.25
Total
activities
30.9.23
Total
activities
Day
Services
Care Package Income
Client Contributions
Property Management fees
Otl)er income
Service charge income
233,351
2,068
5,634,487
15,748
22,342
15,377
82,052
3.447,488
11.516
7.089
5,314
6,766
242 185
5,770 006
3 520 702
RAISING FUNDS
31.3.25
30.9.23
Unrestricted Unrestricted
funds
funds
Staff costs
Other costs - non-charilable
Other costs - Charitable
Depreciation
Profit on sale of assets
1,444,966
175,590
105,072
43.301
99 715)
1,028,710
118,820
61,358
32,009
1669214
1240 897
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 8)
Direct
Costs
Tolals
Residential Care Services
Supported Living Services
Doiniciliary Care Services
Day Services
90,419
4,203,508
75,615
1,449,242
166,034
5,652,750
206 170
130 450
336 620
4 500 097
655 307
6 155404

ect Ltd.
]Yotes to the FinaiiciAI Statements - conlii)ued
18-Month Pcriod Ended 31 Mareh 2U25
SUPPORT COSTS
Governance
costs
Mat)agement
Totals
Residential Care Services
Supported Living Services
Domiciliary Care Services
Day Services
36,015
1.409,642
39,600
39,600
75,615
1.449,242
90.851
130,450
1536 508
118799
1655 307
NET INCOMEI(EXPENDITURE)
Net income/(¢xpenditure) is slated after charging/(crediling):
30.9.25
30.9.23
Auditors, remuneration
Depreciation - owned assels
Profit on disposal of fixed assets
Goodwill amortisation
Coiiiputer softwarelrebrand amortisation
12,000
84,255
(99,715)
18,232
12,000
68,921
60,972
io.
TRUSTEES, REMUNERATION AND BENEFITS
There wer¢ no trustees, reinuneration or other benefits for tlie 18-Month Period Ended 31 March 2025 nor for the
year ended 30 September 2023.
Tru5t¢es' expenses
There w¢r¢ no trustees, expenses paid for th¢ 18-Month Period Ended 31 March 2025 nor for the year ended
30 September 2023.
STAFF COSTS
31.3.25
30.9.23
Wages and salaries
Social security Costs
Other pension costs
6,052,408
582,371
125 747
3,974,497
372,836
101448
6 760 526
4448 781
The average nionthly number of employees during the period was as follows:
31.3.25
30.9.23
Key management personnel
Other inanagement & administration
Client Care and suppoit
22
113
22
129
138
154

ect Ltd.
Notes ¢0 the Financial Statements - continued
18-Mon¢h Period Ended 31 March 2025
STAFF COSTS- continued
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 p.a.
was:
31.3.25
10.9.23
£60,001- £70,000
£70,001- £80,000
£80,001- £90,000
12.
INTANGIBLE FIXED ASSETS- GROUP
Computer softwar¢}
Rebrdnd
Goodwill
Totals
COST
At l October 2023
Additions
733,318
14.864
748,182
At 31 March 2025
733318
780 572
AMORTISATION
Al l October 2023
Charge for period
Eliiniiiated on disposal
715,086
18,212
7,498
14,846
722,584
33,078
At 31 March 2025
733318
755 662
NET BOOK VALUE
At 31 Mai'Lh 2025
At 30 September 2023
INTANGIBLE FIXED ASSETS- CHARITY
Computer Software/
Rebrand
COST
At l October 2023
Additions
14,864
At 31 March 2025
AMORTISATION
At l October 2023
Charge for period
Eliininaled on disposal
7,498
14,846
At 31 March 2025
NET BOOK VALUE
At 31 Marcli 2025
24,910
At 30 Septernber 2023
7,366

ect Ltd.
Notes to the Financial Statements - eontinued
18-Month Perii)d F.nded 31 March 2025
13.
TANCIBLE FIXED ASSETS- GROUP
Improvements
to
property
Freehold
propety
Long
leasehold
Plant and
Inachinery
COST
At l October 2023
Additions
Disposals
1,733,606
655,086
123,924
6,054
20,278
840
182 529)
Al 3 l March 2025
1551077
655 086
129978
DEPRECIATION
Ai l October 2023
Charge for period
Disposals
394,662
45,482
48 911)
179,803
19,653
116,323
5,617
17,749
1,013
At 31 March 2025
391233
199456
121940
NET BOOK VALUE
At 31 March 2025
1 159 844
455 630
At 30 September 2023
1.338 944
475 283

ect Ltd.
Note5 to the Financlal Statements - continued
For tlie 18-Month Period Elided 31 Mareh 2025
13.
TANGIBLE FIXED ASSETS- continued
Fixtures
and
fillings
Motor
vehicles
Computer
equipment
Totals
COST
At l Octobei. 2023
Additions
Disposals
103,996
12,325
16,503
990
2.654,383
19,219
182 529)
At 31 March 2025
116321
990
2491073
DEPRECIATION
At l October 2023
Charge for period
Disposals
81.070
11,476
13,475
908
776
106
803,858
84,255
48911)
At 30 September 2025
882
839 202
NET BOOK VALUE
At 31 March 2025
23,775
108
,651871
At 30 September 2023
214
850 525
Two of Expect Ltd,'s freehold properties were revalued on an open market basis as at 31 March 2014 by Sutton
Kersh, Chartered Valuation and Building Surveyors.
The freehold and leasehold properties held by Housing Initiatives (U,K.) Limited were valued on 31 March
2009 by Collertons Surveyors and were valued at inarket value assuining vacant possession.
The trustees are not aware of any material changes in value since the last valuation.
There is a first legal Charge over 7 St Ldmond's Road, 14115 TarbroLk Court and 445 Siaiiley Road. The bank
loans secured on ihe properties amounted to £407,016 wliich is 48Q/o of the nel book value of th¢ properties.
Social Investment Business {forinerly Futurebuilders England Liinited) has a first legal charge ovei. 2-8
Gainsford Road,
TANGIBLE FIXED ASSETS- CHARITY
Improven]ents
to
property
Fixtures
and
rittiiigs
Freehold
property
Motor
vehicles
Totals
COST
At l October 2023
Additions
800,082
123,924
101,593
16,503
1,042,102
At 31 March 2025
800 082
129 978
113917
1060 480
DEPRECIATION
Ai l October 2023
Charge for period
124,359
22,953
116,323
78,668
13,475
908
332,825
At 31 March 2025
147312
121940
373 779

ect Lld.
Notes to the Fin&nci&l Statements- eontinued
For the 18-Month Period Ended 31 March 2025
NET BOOK VALUE
At 31 March 2025
652 770
23.773
686 701
At 10 September 2023
675.723
7,601
22,925
3,028
709,277
The carrying value of land included in Freehold Property 15 £35.000 (2023: £35,000)
Two of Expect Ltd.'s freehold properties were revalued on an open market basis a5 at 31 March 2014 by Sutton
Kersh, Chartered Valuation and Building Surveyor5.
The trustees are not aware of any material changes in value since the last valuation.
14.
FIXED ASSET INVESTMENTS- CHARITY
Unli51¢d
investments
MARKET VALUE
At l October 2023 and 31 March 2025
1124 308
NET BOOK VALUE
At 31 March 2025
1 124 308
At 30 September 2023
1 124 308
There were no investment assets outside the UK. The total ainounl of £1,124,308 comprises of inv¢slments in
Group Subsidiaries.
Details of the charity's subsidiaries at 31 March 2025 are as follows..
N￿rne of undertaking Reg. office
Access lo Care Ltd
England & Wales
Natiire of business
Housing Support
For Young People
Domiciliary Care
Supported Liviiig
Doiiiiciliary Support
Housing Support for
People with Learning
Disabilities and
Other vulnerable people
CIAss of sh8res •/• Held
Ordinary £1
100
Rowaii Care Ltd
Focus Care Wales Ltd
England & Wales
England & Wales
Ordinary £1
Oi'dinary £1
100
100
Housing Initiative5 (UK) England & Wales
Ltd
Coinpany
Limited by
Guarantee
100
Name of undertaking
Access to Care Ltd
Rowan Care Ltd
Focus Care Wales Ltd
Housing Initiatives (UK) Ltd
Profit/(loss) £ CApital & Reserves £
46.386
106.430
70,202
77.168
82,192
218,609
88,664
657,676

ect Ltd.
Notes to the Financial Statements - continued
For the 18-Moiitli Period Ended 31 March 2025
Is.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- CROUP
31.3.25
30.9.23
Trade debtors
Other debiors
Tax
Prepaynients
392,085
233.989
343.296
288.964
639 499
646 779
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- CHARITY
31.3.25
30.9.23
Trade debtors
Aniounts owed by group und¢rtakings
Other debtors
Pr¢paymenls
238,818
10,896
172,886
142,616
89.118
226,839
432217
471377
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- GROUP
31,3.25
30.9.23
Bank loan5 and ovcrdrafts (see note 18)
Trade creditors
Social security and olher taxes
OlhLr crediinrs
Accruals and deferr¢d income
62,782
84,023
173,467
36,534
58,475
176,218
152.285
29.780
32,944
392 929
449 702
A nuniber of our clients have been unable to open personal bank accounts due to difficulty in appointing
suitably independent advocates. As a result, Expeci Ltd continues to receive all benefits and monies due lo some
clients. In order to protect the long-teni) financial position of these clients. Expect Ltd. has operated a specially
dcsignated Client Money Account with ihe Buckinghan) Building Society lo hold these balances.
As al 31 March 2025 £55,910 (2023.. £105,864) was held for clients and this amount has been excluded from the
cash at bank and in hand figure and from trade creditors.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- CHARITY
31.3.25
30.9.23
Trade creditors
Amounts owed to group undertakings
Social security and other taxes
Other creditors
Accruals and deferred income
81.403
211.456
149.728
33.144
166.846
127,291
129,490
27,919
491731
467 546

ect Ltd.
Notes to the Financial Statements - eontSnued
For the 18-Month Period Ended JI March 2V25
17.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR- GROUP
31.3.25
30.9.23
Bank loans (see noie 18)
365 832
515750
18.
LOANS-GROUP
An analysis of the Inaturity of loans is given below.,
31.3.25
30,9.23
Ainounts falling due within one year on deinand:
Bank loans
62.782
Amounts falling between two and five years,,
Bank loans - 2-5 years
275,358
248,655
Amounts falling due in more than five years,.
Repayable by instalments:
Bank loans more 5 yr. by instal
90,474
267,095
Security has been given in respect of bank loans and ovei'drafts of £407,016 (2023: £537,761),
The bank borrowings with Lloyds Bank of £220,288 (2023., £333,186) are secured by a fixed and floating
charge over the four of the freehold properties,
The bank borrowings with Social Investment Business {forinerly Fulurebuilder5 England LiiKited) of £186,728
(2023: £204,575) are secured by a fixed and tloating charge over the leasehold properties.
19.
LEASIIYG AGREEMENTS- GROUP
Miniinum leas¢ payments under non-cancellable operating leases fall due as follows:
31.3.25
30.9.23
Wiihin one year
Between one and five years
21,245
21,245

ect Ltd.
Notes to the Financlal Statements - continued
For the 18-Monlli Period Ended 31 March 2025
20.
MOVEMENT IN FUNDS- GROUP
Net
movement
in fuT)ds
At
1.10.23
At
31.3.25
Unrestricted funds
General fund
Revaluation reserve
Fixed asset fund
Project d¢velopment fund
347,383
411,347
908,783
44.031
(15,892)
(31,473)
391,414
395,455
877,310
,742 513
1739 179
TOTAL FUNDS
742513
1739 179
The trustees have designated certain funds lo asslst in the financial management of the charitable company.
In order to assist the trustees to identify Ihe free cash reserves, a d¢signaied Fixed Asset Fund should hold
the value of boih intangible (excluding goodwill) and tangible fixed assets less any loan balance used to
acquire fixed assets and less the Revaluation Reserve as at each year end.
The Project Developinent Fund is to fund initial costs in exploring and siarting new projects.
MOVEMENT IN FUNDS- CHARITY
Net
movement
in funds
At
1.10,23
At
3.3,25
Unreslrieted funds
G¢neral fund
Revaluation reserve
Fixed asset fund
Project developinent fund
1,105,598
59,747
656,896
(88,605)
{2,213)
{2,819)
1,016,993
57,534
654,077
1897241
1803 604
TOTAL FUNDS
1897241
1803 604
The Irustees have designaied certain funds to assist in lh¢ financial n)anagem¢nt of the charitable coinpany.
In order to assist tlie trustees to identify the free cash reserves, a designated Fixed Asset Fund should hold
the value of botli intangible (excluding goodwill) and tangible fixed assets less any loan balance used to
acquire fixed assets and less th¢ Revaluation Reserve as al each year end.
The Projeci Development Fund is to fund ii)itial costs in exploring and starting new projects.
21.
ANALYSIS OF IYET ASSETS BETWEEN FUNDS- CROUP
Unrestricted
Designated
Revaluation
Reserv¢
Total
Intangible Fixed Ass¢ts
Tangible Fixed Asset5
Current Assetsl(Liabilitie5)
Long tenn Liabilitie5
24,910
1,256.416
59.129
(388.145)
24,910
1,651,871
428,230
(365,832)
395,455
369,101
22,313
TOTAL FUNDS
391414
9523lO
395 455
1739 179

ect Ltd.
Notes to the Fingneial Statements - eoiitinued
For the 18-illonth Period Ci nded 31 Mgrch 2025
ANALYSIS OF NET ASSETS BETWEEN FUNDS- CHARITY
Unrestricted
Designated
Revaluation
Reserve
Total
Iniangible Fixed Assets
Tangible Fixed Assets
Investments
Current Assetsl(Liabilities)
24,910
629,167
24,910
686,701
,124,308
(32,315)
57,524
,124,308
(107,315)
75,000
TOTAL FUNDS
1016 993
729,077
1803 604