2023-03-31-accounts

PRAXIS CARE (Company Limited by Guarantoo) CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2023 Company Reg18tratlon Number Nl 017623 HMRC Charlty Number XN 80842 Reglster¢d with The Charlty Commission for Northern Ireland NIC103672 Reg18tered with The Charltles Regulator In Ireland RCN 20100919 Registered In the1810 of Man Charlty No 826

Contents Company Information Strategic Report Trustees, Réport Independent Auditors, Report to the Members of Praxis Care 17 Con501idated Statement of Financial Activities (Incorporating the Income and Expenditure Account) 21 Praxis Care Balance Sheet 22 Consolldated Balance Sheet 23 Statement of Cash Flows 24 Notes lo the Financial Statements 26

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Company information Registered Charlty Name., Praxi8 Care HMRC Charity Number.. XN 80842 Charlty Comml$slon Number.. NIC103672 Company Reg18tratlon Number; N1017623 Reglst•red offlce: 25-31 Lisburn Road Belfast 8T9 7AA Trustees,. Mr K S Brundle - Chair Mr J McGregor- Vice Chair Mr M Dawson Mrs A Dunn Mr T Hopkins Dr P McLoughlin Mr J Melvin Mr O Paulin Mrs N Roche Mr J Rance (appointed October 20221 Secretary: Mr O Paulin Audltor.. Moore (Nl) LLP Donegall House 7 Donegall Square North Belfast BT15GB BAnker8: Bank of Ireland University Road Belfast 8T71NA Barc18ys Bank 1 Churchill Place Canary Wh8rf London E14 5HP Solleltor8', Murphy O'Rawe Scottish Provident Building8 41h Floor 7 Donegall Square West Belfast 8T16JF Shakespeare Martineau Bridgeway House Brldgeway Slratford upon Avon CV37 6YX Tallans Soli¢it¢rs New Town Centre Ashbourne Co Meath Ireland

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Strategic Report The Trustees, who are also Directors for the purp05e$ of company law. present their str8leglc report for the year ended 31 March 2023. ObJectlv08 and Activitles The objectives for which the organisatlon was established are,, To promote the preservation and safeguarding of mental health, to support individua15 Wlth a range of mental illnesses, disabi1ilies or any other condition or circumstance and to include, without limitatlon, those persons who have 8 learning disability or Illness due to old age or any other condition; To promote and undertake research into the special problems of mental illness, disabillty or any other condition or circumslan¢e and lo include the learning disabled and older people., To promole the rehabilitation, training, education, therapy and heaRh care of those persons aforomentioned,, To advance ihe educatlon of the public in 811 aspects of mental hèalth, all forms of mental illness, disabillty or any other conditlon or clrcumslance., and To undertake any other charitable purpose. In the furtherance of these objective5, PraxSs Care tta$ continued to.. Provide care and support t¢ vulnerable individuals wlth mental ill health, learnlng dl8abilily, autism and dementia lo facilitate their participation in everyday living and enjoy an improved quality of life. Praxis Care provides thls support through a range of services offering accommodatlon, support and day care. Carry out research, both internal and external, in partnership with universities and other voluntary organisations. Praxi5 Care Research aims lo provide an evidence base to ensur& that interventions used are at the forefront of global best practice. Provide opportunities for individuals to access training and d8v8lop skills through its day care and day activity programme$ thus equipping them to enjoy everyday life. Raise public awareness and understanding of all 88pect8 of mental h8alth and disability through participation in conferences, events. research and involvement in local communities. Praxis Care's values ensure that the people we support aro at the centre of all actlvities undertaken by the organisation in fulfilling its vision and mission. Praxis Care has robust p¢li¢ies and procedures in place to ensure that risks are mitigated lo avoid harm to beneficiaries or other Indlvlduals. The Truste&s have pald due regard to the Charity Commission guldanc8 on public benefit and are confident that aims and objectives are in accordance with the regulations. Flnan¢lal Revlew and Re6ults for the Year Praxls Care experienced a gr¢wth in business In the year ended 31 March 2023 with lolal Incoming resources of £66.4m compared to £64.1m {restaled) in 2022. Thls is prlmarily due to the commencement of a number of new services in the year. The Charity had a net increase in funds of £170,371 for the year ended 31 March 2023 before unre81i8ed gains and losses (2022.. £2,573,911 (restatedl).

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Strategic Report In Republic of Ireland Praxis Care opened 4 new residential services during the year.. Station Lodge Castlebar Co. Mayo - a bespoke support resldential service for 1 child. Station House Castlebar Co. Mayo - a residential service providing support 10 3 young adults. Avalon Navan Co. Meath - Provides individual supports to 2 individuals who moved from other Praxis Care services. Fiona House Letterkenny Co. Donegal The transfer of an existing residential service providing SUPPOrt to 6 individuals. This was as a result ofa $u¢cessful tender, whereby the residents transferred from the HSE to Praxis Care. Day Services have conllnued to 9row with an increase in numbers across all locations. In England, Praxis Care bespoke and co-produced complex case support offer is growing across the Midlands and the North West with a new service opening in Greater Manchester and further expansion of services in Birmingham and Warwickshire. Co-production remains a defining element of our service offer and its take up in England has been recognised through staff and service aw8rds. We will build further on this. In the Isle of Man, our bespoke Supported Living offer has continued to expand with support to a further three people. We 8re now also engaged in strategic work around homelessness on Island and are developing additional residential provision lo launch within the comlng year. Co-production also underpins all our work and an individual we support presented to SLT on the subject and has become a key voice in our approach across Praxis. In Northern Ireland, Praxis Care has 8xperienced a year of deliberate consolidation. Demand for new seNices remains high across all commissioners, but we have been cautious in accepting any new significant service developments unless we are assured that we can provide the requisite staff to provide a safe and effective service. Existlng seNices in Newlownards. DerrylLondonderry, Newry and Fermanagh have all accepted fresh referrals leading to increased turnover wllhin the same number of registered services. We have also brcught online a number of new properties to improve our offer and the experience of people w6 SUPPOrt, Plan8 for Future Periods Praxis Care will contlnu6 to expand its seNice provision with a range of hlgh quallty and innovative developments in Northern Ireland, the Republic of Ireland, England and the Isle of Man in line with the organisation's straiegic and buslness plans. Thls may be constrained for a period of lime due to recruitment and retention pressures in the social care labour market. Organlsatlonal objeclives are set in line with Praxis Care's valu&s, vision and mission, taking into a¢¢ount the internal and external environments and risk management policy. The objectives in the Praxis C8re Business Plan are also reviewed bi-monthly and revlsed as required. Our Vlslon Leading the ¢o-productlDn of Innovative indivldualised. support appr08ches, acr088 the UK, the Isle of Man and Ireland. Our Mission Empowering lives that ar6 valued, meaningful and inclusive, reg8rdle88 of the complexily of need, every day. Our Value5 These are what make Praxis Care unique, ensuring we make the right declsions and guiding us in our work with the people we support, each other and the wider community.

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Strategic Report Passionately Carlng Praxis Care is so much more than a job. We are 8w8re of the enormous trust placed in us and value the uniqueness and potential of every person we support. Compasslonat• Compassion f¢r people who face real life challenges in thelr Ilves Is a deflnlng component of what makes us Praxis Care, Person Centred We assisi people to mak$ informed cholces aboul thelr own live5 and shape the support they receive around their individual needs and aspirations. Acting with Integrity We uphold the rights of every person, ensurlng theif confidentiality, privacy and dignity are respected. Acting with honesty and transparency in all interactions with the people we support, their families, our staff, our partners and the public. Proteetlng Indlvldual$ The best interests of the people we support 8re paramount, We work In partnership with other organisalions, safeguarding Indlvlduals, ensuring risk is managed. and encouraging positive risk taking. Innovatlng & Impmvlng We are committed to continuous Innovatlon through pr8¢ti¢e based research, development of our staff and feedback from the people we support. Strategy 20-25 The strategic objectives articulate the vision and mission of the organlsation and identify the hlgh level corporate aims to be achieved over a rolling 5 year period. The Senior Leaclership Team develops an annual Business Plan, identifying obiectives lo be achieved in furtherance of our strategy in the forthcoming year considering both the external environment and relevant intern81 Issues. This is done in consultation with internal and exlemal stakeholders, The Chief Executive and Senior Leadership Team engage with the Praxis Care Board on both strategy and priority objeclives, at the annual Strategic Planning Away Day and at the regular Board and Board Committee meetings, Strategic pillar groups meet regularly, chaired by departmental and operational Heads, with membershlp from all levels, jurisdictions and departments. These groups advance progress towards the objectives and bring relevant proposals to SL T for review. Significant progress on key pillars of the Strategy were made during 2022123, Service User Wellbein Overall service provision increased during the Course of year with the number ¢f people supported increasing by 124 {9.60/0) with new or expanded services in all jurisdictions. An Outcomes Pillar Group established during 2021122 has continued to support the progre55 of the OMS by providing communication between Operations and Corporate Servi¢e$. Foyle Young People Accommodation and Stepdown service piloted and implemented the Service User App and Wishlist function that promotes goal achievem8nt through setting and completing steps tOW8rds desired outcomès defined by the individual.

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Strateglc Report The Voice of he Peo lewesu ort Praxis Care recognises the importance of obtaining feedback from, and listening to, the people we support, The responses to the annual surveys are vitally important in enabling the organisation to understand and quantify the level of Satisfaction people we 5UPPOrt have with our services. More importantly they help to identlfy possible areas of dissatisfaction where attention can be focused in order to ensure improvements can be made. Both the Service User Su¢vey and the Stakeholder Survey were developed with input from the Governance and Co-Production Pillar Groups. The Servlce User Survey allowed differentiation be￿een those completed $olely by th8 sérvlcé user, from those that Involved as advocates. Overall, and in each of the jurisdictions, there was a 2D/o increase in positive résponses to the suNey queslions from the previous Survey. Increased positive responses were seen across most domains.. 91°/o reporting having a good quallty of life- 939/0 were happy with their involvement In deciding what was in their support plan., 960/0 fell safe, 960/¢ said our staff were'kind. 840/0 knew how to make a Complaint and 910/0 said staff helped thern to manage money. The Friends & Family domain was Ihe only domain that saw a small reduction in positive responses from 95 % to 920/0. The 2022-23 Stakeholder Survey received feedback Irom key stakeholders, including commissioners, statutory professionals, and relatives of people supporled by Praxi5. There was a 10.80/0 increase in relurn rate compared to the previous year. Across each of the 14 questlons, over 900/ty of responses received were positlve. Quallt and Govornance The organisation's in-house integrated governance platform continued to evolve and develop during Ihe year, with signlflcant work Gornpleled In a number of key are85. The implementation of an SQL Database enabled an increase in data volume capability In a much more effective manner as it imprcves data accessiblllly and speed. In addition, the use of an SQL Database also Supports the abilily of multiple users to Input into a system at the same lime. The framework, architecture and security of the QG p181form was strengthened by the implementation of the 51aff permissions system, which gives staff approprlate access to the platform in line with their role. This was a major piece of work which now enables managers to manage access to the QG Plafform for their own staff. The structure of the QG platform was enhanced further with the Introduction of the S8rvice Addresses function which have been used lo feed into other QG platform systems, thereby helping to increase the level of integration throughout the organisation's governance processes. The QG Homepage was rebuilt to make use of the new staff permissions system and included the introduction of new task lists for staff with various levels of responsibility. It also provided a system for Directors to request a new service code, close an existing servlce code, addlremove service addresses, and to re-allocate rolas. The governance around the registration of staff with their appropriate professional body was Improved with the development of a Staff Care Register, automatically generated when staff complete an annual Staff Declaration form. This enables the organisation lo be assured that its staff, where relevant, are professionally registered, and provides an early alert when staff ar8 required to provide evidence of renewal.

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Strateg1¢ R6port A numbér of existing processes were successfully updated to ensure their ongoing effectiveness. These included an update of the Weekly Hours system to SQL and an update of the Staffing Level Concerns form. A new W¢rd Report Template was also successfully implemented to gnable reports to be exported from the QG Platfomi in a standardised format, External A¢¢redltatSon The organisation retained its IS09001,'2015 status, following a successful visit in May 2022 by two BSI assessors, who recommendéd Praxis Care's continue4 re-certificatlon. The organisation's annu81 CHAS reaccredilation was also successfully renewed durlng the year. Our Peo The external market continues to be a ¢ontributing factor to the recruitment and retentlon of staff in particular areas and attracting Gandidales in this climate remains challenging. Particular focus has been given to specific services with headhuntlng being pivot81 to the success of candidalas at both recruitment days and day to day recruitment. There has been a fresh approach to advertising, targeting particular areas I people through indivldualising services and 8eNice type and planning in advance allow8 US to detemiine the market and the best approach. A dllfieulty remains In recruiting to challenging services and competlng wllhln the labour market. In 2022123 we successfully recruited 849 employees in comparlson lo 760 in 21122. Since Ihe18unch of the mediation service in May 2022, 9 ¢a$e$ wero referred., 2 successfully Completed. 2 résolved locally before mediation started, 2 not suitable for mediation, 1 dldn't start due to 1 party reslgning (not due lo perceived Issued) 2 ongoing cases Uptake was n¢t as p¢sitlve as expected and a relaunch and education of the service is in current planning. Non-pay benefit8 have been welcomed by staff. however it has agr8¢d that engagement could be improved through educatlon and 8 clearer understanding of what these benefits can offer staff and their families. An engagement strategy is underway with the benefit providers and shared through the staff intranet - Workvivo. Learnln and Develo me Pr8xls Care staff are central to making a difference to the Ilves of people with complex needs. Our teams comprise passionate people who work together lo ensure the best outcomes for those we support. We strlve for innovative practices to ¢r88te improved ways of working and we ensure that all staff members have appropriate, high quality learning experiences so that they are well skilled and quallfied for the tasks they undertake. Supporting siaff to work towards the achievement of vocational qualifications is an ongoing organisational priority, with our Assessment Centre delivering QCFIRQF qualrflcations al Levels 3 and 5. High quality learning and development provlsion is also a core component of our brand and crucial lo maximising staff retention.

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Strateglc Report During 2022123 the L&D Department delivered 1,499 instructor18d training sessions, an 84% increase on the previous year, and due in part to the increased familiarisation and u$6 of online delivery plaiform$. These courses collectively had 5,799 staff attendances. Instructor Lod Cour88 Breakdown: 123 courses were held in Englandllom (8.2•A) 577 courses wére held in Nl {38.5Q/o) 643 courses were held in ROI (42.90/0 156 COLJrses were delivered via Zoom <10.4%) In addition, 17,589 0.Learning courses were completed, an increase of 11Qh on 2021122. L&D staff were also trained in software to develop our own interactive eLearning courses. Equal Opportunlty Praxis Care maintains a policy of offering equal opportunity to disabled persons in recruitment, training and career development, having due regard to their aptitudes and abllities in relation to the jobs available. HR have partnered with Diversity Mark and are in the process of collating staff data I demographic to identify under represented areas that will feed into recrLJitrnent strategy for Ihe future, Employee Involvement All employees are informed of plans and progress via regularteam meelings where opportunity is provided for feedback and involvement. Regular ¢ommunicalion updates continue to be shared on Workvlvo, Our Plaees Praxis Care continues to inv&$t in properties and our asset portfolio has continued lo grow across the organisation and with a particular emphasis in the Republic of Ireland. Durlng 2022123 11 new properties at a cost of lust over £2.8m were purchased and an addllional 13 leased. Continued Investmeni In property systems, process and personne1 has complernented and 8UPPOrted this growth along with a far greater emphasis on co-produced 8ervice developmenl and delivery, bringing forward properti&s that consistently fit and respond to individual need. Our Comm ni The Mark8ting and Communications team continued to P05t daily updates on activiti¢¥ acr¢s8 the jurisdictions lo its growing social media audience. They also ran marketing campaigns on digital channels, radio and newspapers, primarily targeted al recruiting additional staff. The achievements of people supported by Praxis Care and the values-based work happening at the organisation were highlighted in the many vSdeos shared online by the department. Dozens of staff, people they support and loved ones participated in interviews over the course of the year to share their stories and experiences. Praxis Care w8s in the new5, as well. Examples of stories included the launch of the How Ya Bean social enterprise (a moblle coffee shop staffed by people from Praxis Care's mental h8alth services who received training qualifications before working in the van), generou8 donations by community groups In each jurisdiction and a feature article about the charity in Isle of Man Today. Praxis Care was chosen for a BBC Nl Focus on Charity with an online video and radlo clip, featuring staff and the people they work alonoside at the Foyle Young People servlce and Conlig Day Service.

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE Strateglc Report Internally, Praxls Care's intranet, Workvivo, continued to be a hub of infomiation-sharing across the organisation. Every day, colleagues share updates about what they are doing at their services. The platform allows for a more organised, modern and easily searchable approach to communications. Video livestreams, artlcles, and photo posts from senlor leadershlp are open to publlc comments and querles from all staff, giving them an innovative way to engage at all levels and locations. Partnershi Praxis Care has a number of well-established partnerships with housing 8ssocl81i¢ns, In Northern Ireland partlcularly. Durlng 2022123, the organlsation continued activity within Sector representative groups in 811 the jurisdictions, In 2023124 a priority will be to explore more systematic partnership working with organisations in all Iccalities where this could be of benefit to the people we support and l or staff, eg this could be in the are8 of edu¢atlon, vocatlonal trainlng, work Ipald or voluntary) andlcr re¢resiion, Research In 2022123 a scopin9 exercise of interventions used within all our services was updated in order to compare with those which have been shown to be effective by research_ The outcome confirmed that what we were setting out to do was in line with the evidence base and identified some approaches and interventions which could be considered to further develop serviceB. The next step is to ensure that our training and practice fully reflects that research evldence In tems of Content, and u$&s the most effective approa¢h8s lo translating research evidence into services, thus Improving outcomes for the peopl8 we support. We also need to bulld assurance Into our intemal audil. There are a number of prlmary research initiatives in whlch we are currently Involvod, including identifying the accommodation needs of people with mental health issues in ROI and evaluations of our Cork and Plasden Court services. Prforilles for new research projacts Include Identlfying the most effective ways to support slaff working with behaviours which challenge (in support of our improved retention objective) and the use of smart technology in supportlng p8opl8, includin9 the management of rlsky behavioun8. Bu8ln899 Plan Corporate oblectlves are set in Ilne wlth Praxis Care's vl$ion, mlssion and values, taking into account the internal and external environments and risk management pollcy. Progress against objectives in the business plan are reviewed bi-monthly and revlsed as requlred. Rl8k Management Praxls Care operates a Governance Committee set up in response to SORP 2000 and the Turnbull Report as a vehicle for managing risk. The Committee oversees all governance matters within the context of the OV8rall responsibilitles of the main Board. The Risk Management Policy Board Assurenc8 Framework {BAF) evaluates the likelihood and severity of potential risks and the systems 8nd Gontrols that are in place to mitigate exposure to these risks. The BAF Is reviewed by the Governance Committee at every meeting with changes in the risk profile reported to the Board at every meeting. The Board is satisfied that appropriate steps are being taken to mitigate exposure to risks identified.

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Strateglc Report Liquidlty Risk A key element in the management of financial risk is a regular review of available liquid funds to S6ttl8 debts a8 they fall due, regular Ilalson wlth the bank, and active management of trade debtors and creditor balances to ensure sufficient working capilal. Interest Rate Rl8k Praxis Cafe finances its operations through a mlxture of retalned surpluses and cash flow management. The organisation's exposure to interest flucluatlons on its borrowings is managed through an annual review of ils long-term borrowing requirements. Credlt Rlsk Praxis Care's principal flnanclal assets are cash and debtors. The credlt rlsk assoclated with cash Is limited. The principal credit risk ari$e$ therefore from debtors. In order to mana96 credit risk the Trustees review the follow-up on outstandlng debts on a regular basis. By order of the Truslees r-un le Date.. 12 October 2023 Registered ¢ffice', 25-31 Lisburn Road Belfast

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Trustee3' Report The Trustees have pleasure in presenting their report and the financial statements of the Charity for the year ended 31 March 2023. Achievements and Performance The results for the main Programmes of Care operating under the Praxis Care umbrella are included within these financial statements. These main Programmes of Care are: Montal Health: a range of supported living, home response and domicili8ry care services for people experiencing mental ill health. During the year Praxis Care has provided accommodation and support to approximately 411 individuals. Learnlng Dl8abllltle8: $upporting adult$ and chlldren with a learning disability to live in appropriate community settings, offering a holistic range of care and diversion81 aclivily. Praxis Care specialises in services for adults and children who have complex needs, which could not normally be met outside hospital or institulional setting. These inclLJd8 a range of residential and supported living services and the provision of work and training opportunitie5. During the year Praxis Care has provlded services to approximately 677 people with learning disabllitles or autism. Autlsm: a wide range of dedicated support servlces to people with Autism and their familie$. Praxis Care understands that Autism affec15 every individual differently and influences how a person communicates with and relates to other people. Praxis Care is committed to understandin9 each individual and the unique complexilles which surround Ihelr diagnosis in order to provide be8pok6 accommodation and support personalised to their needs. Elderly Services: supported Ilvlng services for older people including people with dementia, This model of support enables people to malnlain their independence within the living environment of their choice as well as supporting family and primary care givers Praxis Care has provided services to over 138 people during the year. Servlces provided wlthln these main programme$ of car$ include: Acoommodatlon and Support.. Praxis offers various accommodation models - residential Gare home, group living, resident181 flat cluster. flat cluster, dispersed intensively supported housing (DISH) and housing and support models. Accommodation and support seNices offer an opportunity for individuals to live in a community setting which best meets their needs. This includes residential care for chlldr6n wlth learnlng dlsabilltles or aullsm whose families are unable to provide care wholly in the family horne. Hom8 Response l Domlclllary Care: Praxis Care provides several hundred hours of home response support on a weekly basis. Home response services provide a valuable link to the outside world and reduce the feelings of isolation that can compound mental health problems. Staff provide a range of practical support regarding home management and daily living tasks as well as emotional and social Support, Staff help in monitoring physical ané mental wellbeing and, where necessary. can assist with personal care tasks. Work8kllls l Day Actlvlty., Praxls Care believes that every individual has e right to meaningful day actlvlly.. The organlsation has developed a range of diversional and educational activities that meet differing needs and an improved quality of life by facilitating individuals to take an active part in contributlng to and Intègrating Into local communlties. Short Breaks: The organisation glso provides short breaks for individuals living in the family home to experience a different "home" environment, giving them new opportunities for Independ8nc8, soclal interaction and enriching experiences, Carers can recharge and enable them to continue in their primary Caring role. Short breaks are provided in either a residential setting or In the person's own home. 10

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Trustees, Report Floating Support: Floating Support services are short term (up to Iwo years), flexible services provided to individuals in their own homes. Floating Support services deliver housing related support aimed at maximising an individual's independence while supporting them to maintain their own home. Floating Support services are linked to the individual and not the accommodalion meaning that if an individual moves house, the service can follow the individual as Icng as they remain in the setvice's catchment area. Carers, Advocacy,, The service operates in partnership with the Belfast Trust to support those In Belfast and surrounding areas wh¢ have caring responsibilities for people with mental ill health, The service offers support with the following.. Access to professional community mental health team and wraparound psychological servlces Prompt response to reque$ts for support Access to support groups Invitation to participate in residential short breaks Signpostin9 to othor Community support groups Volunteer Befrlendlng: Praxls Care operates a number of volunteer befriending services with over 80 matched friendships. The Men181 Health Befriencling Service aims to.. Help alleviate mental illness in Ihose at risk by the provisi¢n of pra¢ti¢al and emotional support Provide contact for those who are socially isolated by mental ill health Encourage the development of personal interests and soci81 activities for Indivlduals within the community The Young Peoplé Befriending Service aims to.. Help those leaving the care system by the provision of practical and emotional support Provide contact for those who ara most vulnerable and socially isolated Encourage the development of personal interests and social activities for young people within the community Monitor the wellbeing of the young people R0868rch: Praxis C8re's Research Department identifies evidence based practice and service models relevant lo our core groups. This is done via literature reviews 8nd by conducting In-house and commi55ioned research in the areas of learning di5abililie5, autism, mental health, care of older people and other health and social care issues. The Praxis Care Research Department also collaborates on research prolects wlth unlversitles and other servlce provlders includlng a study of staff recruitment, development and retention in social care. Recent partners include Queen's University of Belfast, Mental Health Foundation and Ulster University. During 2022123, Praxis Care Research has been involved in supporting a number of PhD resear¢hers to examine trauma informed care, positive behaviour support in routine servic8 provision and interventions for p8ople with autism spectrum disord8r. M6mb8rs of the Department have also worked collaboratively with external colleagues to publish peer reviewed articles on peer researcher's roles and experiences on a qualltatlve study of adult safeguarding policy and raising the profile of care leavers with mental health andlor learning digabilities. 11

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Trustees, Report Structure, Governance and Management Governin Document Praxis Care is a company limited by guarantee (registration number,, N1017623), not having a share capital. It is governed by its MemorandLJm and Articles of Association. The company has charitable tax statu5 Wlth HM Revenue & Customs (reference number.. XN80842) and is registered with The Charity Commission for Northern Ireland INIC103672). Praxis Care is also registered with The Charities Regulator (Ireland- RCN 20100919) and as a charity in the Isle of Man (Charity No 8261. Praxis Care operate$ 8c¢ording 10 the Principles outllned in The Code of Good Governance and, as part of its annual report to the Charities Regulator Ilreland), has confirmed compliance with the Charlties Governance Code. IA t of Trustees New members are identified either via a formal recruitment process or recommendation. AS part of the recruitment process, potential Trustees may be co-opted onto the Board and invited to attend meetings as an Observer before form81 appointment at the AGM. es'T rm A formal Terms of Office policy ensures a balance between continuity and renewal. Trustees seNe for an initial perlod of 3 years, with an option to serve a further 2 periods of 3 years. Trustees meet with the Chair of the Board and Chair of the Governance Committee annually to review their Position and contributlon and provlde feedback on their 8xperi8nce, teel ion New Trustees have an initial meeting with the Chair of the Board and the Chief Executive and are briefed on a range of issues to provide a full introduction to the organisation. governance, ils decision making process, its strategic and business plans and its recent financial performance, Information is provided on the roles, responsibilities and legal obligations as Company Directors and Charity Trustees. Confli Trustees are required lo complete a Conflict of Interest Form on appointment. This is held on file by the Executive Office and Is updated annually with members also requlred to advlse of any conflict that may arise in the intervening period. "Conflict of Interest. is a standing item on the agenda for all Board and Commlttee meelings with any declaration fomally recorded. Or gnisation81 Structure Praxis Care Group Praxl8 Care Group comprls8s Praxls Car8", Thè Northern Ireland Agoraphobla and Anxiety Society., The Secret Garden (Hillsborough) Limited,. Challenge, A Northern Ireland Charity for People with Learning Disabilities Limited and Respond, A Northern Ireland Charity for Elderly People Limited. Praxis Care Limited is the parent company and the Board of Trustees of Praxis Care are responsible for the Group's overall slrate9ic direction. In February 2022 the process to dissolv8 The Secret Garden (Hillsboroughl Limited and Respond. A Northern Ireland Charity for Elderly People Limited commenced and the dlssolution of both companies was confimed in May 2022 with all relevant parties notified. The Praxis Care Board operates as detailed in its governing document. its Memorandum and Articles of Associ81ion. The day-to-day operations are delegated to the Chief Executive and the Senior Leadership Team. 12

PRAXIS CARE {COMPANY LIMITED BY GUARANTEE) Trustees, Report Thé Financ• Committeg meets monthly to monitor financial performance, Membership.. John McGregor (chair), John Melvin, Jacinta Walsh The Governance Commlttee meets bi-monthly to oversee all governance matters relatlng to the organisation, Membership: Oswyn Paulin (chairl, Ambrose McLoughlin, Mike Dawson The Property Commlttoe meets bi-monthly and oversees the strategy, development and management of all Praxis Care properties. Membership: Tim Hopkin$ (¢hair}, Stewart Harrington The HR Committee meets bi-monthly to review and make recommendations to the Board on strategic HR and L&D issues, including management and leadership development, succession planning and remuneration. The HR Committee also ¢onsider8 Health & Safety Issues arising from the Employee Health & Safety Forum Membership.. Mike Daw$on l¢hairl, Ken Brundle. Mary Mccolgan The Care and Development meets bi-monthly to oversee the care operalions of the organisation and review development opportunities. Membership,. John McGregor (chairl, K•n Brundle, Alyson Dunn, Brendan Mullen The Nomlnatlons Commlttee. chaSred by Ken Brundle, meets as requlred to revlew the structure. size and compositian (including the skills, knowledge, experience and diversity) of the 8oaré and its Commitleas and make recommendations to the Board. Membership.. Ken Brundle (chair}, Oswyn Paulin The R•s•areh Commlttao, ¢hair¢d by N¢vin Ringland, me&l$ to facilitate the development of now and innovative evidence-based social care and support services, interventions and training through the dissemination of research and knowledge. While various responsibllitie5 have been delegated by the 8oard to the Ccmmlttees, each Committee remains accountable to the Board. Each Committee comprises at least Non-Executive Members, who Work In partnershlp with th8 Senior L8adership T8am and other relevant staff, to di8charg& the responsibilities of the Commiltee. Non-Executive Members appointed by the Board to each Committee ere independent of management and free of any business or other relationship which could materlally interfere with the exercise of independent judgement in this are8. Good attendance at Board and Committee Meetings is a prerequisite for effective governance and it is expected that Board Members will achieve 750/0 attendance, In 2021122, the overall attendance rate of the members at Board Meetings was 75.5¢/0. The principal activities of each of the various charities within the group are set out below: Praxis Care The charlty's principal activlty durlng the year was the provision cf support services f¢r adults and children with a learninglintellectual disability, autism, mental ill health, and for older people, including people with dementia. The Northern Ireland Agoraphobia and Anxiety Society The charity's principal activity was the provision of therapy for those suffering from anxiety and depression. Praxis Care withdrew from th8 provislon of counselling services at the end of September 2021 and has no future plans to recommence these activities. Challeng8 8 Northem Ireland Ch8rily for People with Le8rning Dis8bilities The charity's prlncipal activity during the year was provlsion of day activsty Services to people with learnlng disabilities through employment in cookie companies, garden nurseries and similar tr8ding enterprises. 13

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Trust¢¢s' Report The SeGr8t G8rden (Hillsborough) Limited This charity was dormant during the year and was formally dl$8olved in May 2022. Respond a Northern Ir61and Charity for Elderly People This charity was dormant during the year and was formally dissolved in May 2022. Inv08tm8nt Powor8 and Rostrlctlons Under the Memorandum and Articles of Association, the charlty may invest monies not immediately required for its purposes in or upon such investments, securities or property, as may be thought fit. Subject nevertheless to such conditlons and $u¢h consents as may for the lime being, be imposed or required by law and the charily's Governing Document. Reserveg The Board of Trustees has established a pollcy whereby the unrestricted funds not committed or Invested in tangible fixed assets I'the free reserves,) hold by thè Charity should be £7.1m. This target Include5 £4.1m to cover potential loss of business (assumes 250/0 of contracts are lost with associated spend continuing for 3 months), £1.5m to cover capital expenditure reqLJif8ments and £1.5m for short term cash flow requirements. At this level, the Trustees feel that they would be able to continue the current aclivitles of the Charity. In the event of a significant drop in funding, it would obviously be necessary to consider how the funding would be replaced or activities changed. At present the free reserves {which exclude the designated funds) are £2.527,963 and therefore do not meet the target level. The Trustees are constantly strlving to find ways in which additional unrestricted funds will be raised. Deslgnated funds equal £18,825.837 and relate to the net monies invested in the organisation's operation81 properties. COVID-19 COVID-19 Gontinued to have 8n impact during 2022123. The org8nlsation's prlorlty was the protection of the people we support and staff and Praxis Care developed a comprehensive plan to manage the impact of the pandemic lo minimise the risks. This was closely monilorecl t¢ ensure that the response was appropriate and regularly updated In line with the guidance issued by the public health authorities, regulator5 and commissioners in all jurisdictlons. The Board and Committees were kept informed of the impact of Covid ¢n servi¢e$ and individua15 an there was ongoing communication with staff to provide updates, encourage vigilance and provide support. Praxis Care continues to monitor public health policy and the posltion of commissioners and regu181ors in each jurisdiction. Golng Con¢•rn The financial statements have been preparod on a going ¢onc¢rn basi$ which assumes that the charity will continue in operational existence for the foresééable futur8. The validity of this assumption depends upon Gontinued support of funders. For the year ended 31 March 2023 the group had net incoming funds of £398,835 (2022 £2,225,273 (restaled)) with overall net assets of £21,712,903 {2022 £22,321,210 (restated)) The Trustees continually monitor performance, liquidity cash flow and future development, and monitor p8rfoimance in line with the current 5 year strategic plan developed for 2020-2025. As a result the Trustees believe that the charity is well placed to successfully manage business. Praxis Care ¢ontinues to provide financlal support to of Its wholly owned subsidiary undertakings:_ The Northern Ireland Agoraphobia and Anxiety Society and Challenge. Both of these companies operate in line with Praxis, vision and mission and Praxis Care is committed to supporting them. The Trustees are content that the group will have sufficient resources lo do so, 14

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Trustg08' Report In addltion, the Gharity is currently in dlscussions with one of its funding providers, Supporting People, in connection with the level of reserves held in respect of Supportlng People services. It is anticipated that this matter will be resolved to everyone's satisfaction and will not impact on the ability of the charity to continue as a goin9 conc@rn. Post Balance Sheet Eventg There have been no posl balance sheet events to date, The Tiu8te¢$ The Trustees who served the Charity during the period were as follows,. Mr K S Brundle- Chair Mr J McGregor- Vice Chair Mr M Dawson Mrs A Dunn Mr T Hopkins Dr P McLoughlSn Mr J Melvin Mr O Paulin Mrs N Roche Mr J Rance (appointed October 2022) Responslbllltles of the Trustee$ Company law requires the Trustees to prepare financial statement5 for each financial year which give a true and fair view of the state of affairs of the Charity at the end of the year and of the incoming and outgolng resources for the year then end@d. In preparlng financSal statements, Ihe Trustees are required to select suitable accountlng policles and then apply them consistently. making judgements and estimates that are reasonable and prudent. The Trustees must also prepare the financlal statements on th& goin9 concern basls unless It 18 Inappropriate to presume that the Charity will continue its activities. The Trustees are responsible for keeping proper accounting records which disclose wilh reasonable accuracy at any time the financial posilion of the Charity and which enable them to ensure that the financial statements comply wlth United Kingdom Generally Accepted Accounting Pr8Ctice. including Financial Reporting Standard 102 and SORP FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the Charlty and henco for taklng reasonabl8 Steps for the pr8V8ntlon and detection of fraud and other irregularities. The Trustee9 are responslble for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemin8tion of the financial statements may differ from legislation in other jurisdictions. statomont of disclosure to auditors In so far as the Trustees are aware: There is no relevant audit informatlon of which the Charity's auditors are unaware., and The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 15

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Tru8tee8' Report Signed on behalf of the Board Mr. K S 8rundle 08t&; 12 October 2023 Registered Office.. 25-31 Lisburn Road Belfast 16

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Independent Auditor's Report to the Members of Praxis Care We have 8udiled the financial statements of Praxis Care (the 'Parent Charity,) and its subsidiaries I'the Group") for the year ended 31 March 2023 which comprise the Group Statement of Financial Activities, the Group Balance Shèet, the Charity Balance Sheet, Ihe Group Statement of Cash Flows and the note5 to the financial stalemenls, including a summary of significant accounting policies. The financlal reporting framework that ha5 been applied in their preparaticn is applicable law and United Kingdom Accounting Standards, including Finan¢ial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accountlng PractSce). In our opinion the financial statements: give a true and fair vlew of the slate of the Group's and of the Parent charitable cornpany's affairs as at 31 March 2022 and of the Group's and Parent's incoming resources and application of resources, including the Group's and Parent's Income and expenditure. for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requlrements of the Companie5 Act 2006. Bas18 for oplnlon We conducted our audit in accordance with Irsternational Standards on Auditing (UK) IISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethi¢al requirem8nts that are relevant to our audit of the flnanclal staternenls 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 8vidence we have oblained is Sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the Irustees, use of the going concern ba81S of accounting in the preparatlon of the flnancial statements is approprlate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubl on the Group or Parent Charity's ability to ¢ontinue as a golng concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibillties of the trustees with respect to going concern are described In the relevant sections of Ihis r&port, Other information The other information comprises the information included in the annual report, other than the financial statements and our audil¢r's report thereon. The Trustees are responsible for the other information. Our opinion on the financial slatements does not cover the other information and, ex¢&pt to the extent otherwise explicilly slated in our report, we do not express any form of assurance conclusion Ihereon. In connection with our audit Of the flnancial statements, our responsibility is to read the other information and, in doing so, consider whether the other information 1$ materially in¢onsislenl with the financial statements or our knowledge obtained in the audit or otheTwise appears to be materially misstated. If we Identify such material inconsistencies or apparent materi81 misslaternents, we are required to determine whelher there is a materlal mlsslatemént in the financial statement5 or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other Informatlon, we are required to report that fact. We have nothlng to rèport In thls regard. 17

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Independent Auditor's Report to the Members of Praxls Care Oplnions on other matters prescribed by the Companlas A¢t 2006 In our opinion, based on the work undertaken in the course of our audit., The information g iven in the Trustees, Report for the financial year for which the financial slaiements are prepared is consistent with the financial statements,, and The Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exception In the light ol the knowledge and understanding ofthe Trustees and its environment obtained in the course of the audit, we have not identified material misslatemenls in the Trustees. Report. We have nothing to report in respect of the following matters in rel8ti¢n to which the Companie$ Act 2006 requires us to report to you if, in our opinion- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us,, or the Parent Charity's financial statements are not in agreement with the accounting records and return5', or certain disclosures of Trustees, remuneration specified by law are not made-, or we have not received all the information and explanations we require for our audit., or the Trustees were nol entitled to prepare the financial statements in accordance with the small companies regime and lake advantage of the small companies, exemptlons in preparing the Trustees, Report and from the requirement to prepare a strategic report. Respon8ibilitieB of Trustees As explained more fully in the Statement ofTrustees' ResponsibilitiO$, tho Trustees. who ar• also Directors of the Charity for purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair VEW. and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statemen15, the Tru5tee5 are responsible for assesslng the Group's and the Parent Charity's ability to Continue as a going concern, disclosing. a5 applicable, matters related lo going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or Parent Ch8rity or to cea88 operations, or have no r@alistic alternative bul to do 80. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslalement, whether due to fraud or error, and to issue an auditor's report that includes our oplnlon. Reasonable assurance 15 3 high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UK} will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularlties, Including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misslatement$ in respect of irregularitles, Including fraud. The extent to which our procedures are capable ol detecting irregularities. includlng fraud, is detailed below, Extent to which the audit was eon8ldered capable of detectlng IrregularStles, Includlng fraud The oblectives ofouraudit in respect offraud. are., to identify and 8ssess the risks of material misslalement of the financial $latements due to fraud., to obtain sufficient approprSate audit evidence regarding the assessed risks of material misstalement due to fraud, through designing and implementing appropriate responses to those assessed risks,. and to respond appropriately to instances offraud or suspected fraud Identified during the audil. However, the prim8ry respon8ibilily for the prevention and detection of fraud rests with both management and those charged with governance of the Group and Parent charitable 18

PRAXIS CARE (CQMPANY LIMITED BY GUARANTEE) Independent Auditor's Report to the Members of Praxls Care company. The objectives of our audil in respect of fraud, are-, to identify and assess the risks of materi81 misstatement of the financial Statements due to fraud,. to obtain sufficient appropriate audit evidence regarding the 8sse$sed rlsks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks., and to respond appropriately to instances of fraud or suspected fraud identified during the audit. How8vèr, the primary responsibility for the prevention 8nd detection of fraud rests with both m8n8gement and th08e charged with governance of the charitablé company. Based on our underslandlng of the Group and Parent charitable company and their operating environment, we determined that the most significant frameworks which have a direct impa¢l on the preparalion of the financial statements are those related to the reporting framework, {FRS 102, the Charities Act (Northern Ireland} 2008, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, the Charity SORP and the Companle5 Act 2006). Additionally, we concluded that there are signiflcant laws and regulations in relation to the Group and Parent company's charitable status and activities of which non-compliance may have a material effect on the financial statements. We assessed the susceplibility of the charitable company's financial statements to material mi5Statement, Including how fraud might occur, including evaluatlng management's incentives and opportunities to manage earnings or influence the reported results. From the results of our assessment, we determined that the principal risks of fraud relate to posting inappropriate journal entri8s and use of charity funds for purposes outside of restrictions imposed by the donor. In common wlth all audits under ISA5 (UKI, we are reoulred to perform specrfic proGedures to respond to the risk of management override, Audlt re8pon8e to rlsk8 Idfjntlfled As part of an audit in accordance with ISA5 (UK> we exerclse professlon81 judgement and maintain Pfofession81 scepticisrn throughout the audit. Audit pr¢cedures performed by the engagement team included: We obtained an understanding of the Group and Parent charitable company's Internal Control systems in order to design audlt procedure5 that are appropriate in the circumstances, but not for the purpose5 of expressing an opinion on the effectlveness of the charitable company's internal control, We oblalned an understandlng of how the Group and Parent charltable company complies wlth relevant laws and regulations, includlng those as a result of it5 registration with the Charity Commission for Northern Ireland and charitable status with HM Revenue & Customs, by making enquiries of management and those charged with gavernance. Enquiry of management, those charged with governance and the entity's solicitors around actual and potentl81 litigation and c18im8. Enqulry of entity staff to identify any instances of non-compliance with laws and regulations. Performing analytical procedures to identify any unusual or unexpe¢ted relatlonshlps that may indicate risks of material misstatement due to fraud Reviewing minutes of meetings of those charged with governan¢e Reviewing finan¢i81 Statement disclosures and testlng tc supporting documentation to assess compliance with applicable laws and regulations. Auditing the risk of management overrlde of controls, includlng through testing journal entrie5 and other adjustments for appropriateness, and evaluating the business rationale of signlflcant transactions that are unusual or outslde the normal course of business. 19

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Independent Auditor's Report to the Members of Praxls Care We communicated relevant laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughoul the audit. There are Inherent Ilmitatlons in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events ané transactions reflected in the financi81 statements, the less likely we would become aware of it. Also, the risk of not detecting a material misslatemenl due to fraud is higher than the risk of not detecting one resulting from error, as fraud may Involve deliberate concealment through collusion, forgery, intentional omi8sions, misrepresentations or the ovorride of Internal Control. A further description of our responsibilities is available on the Flnanclal Reportlng Councll's websrte at https'.Ilwww.frc.org.ukJauditorsresponsibililies. This description forms part of our auditor'5 report. U88 of our report This report is mad& solely to thé Parént charilable company'$ members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regulations made under that Act, 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 thèm 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 Iha Parent Gharitable company and its members a5 8 body, for our audit work, for this report, or for the opinions we have formed. @9 I￿11￿r Dr R I PeterG Gallagher OBE FCA (Senior Statutory Auditor) For and on behalf of Mooro (Nl) LLP 12 October 2023 Chartered Accountants Statutory Auditor 4th Floor Donegall House 7 Donegall Square North Belfast BT15GB 20

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Praxis Care Balance Sheet as at 31 March 2023 2022 2022 (restatod) (re6tated) Note 2023 2023 Flxad Assats Tanglble fixed asset8 Investments 10 11 25,146,380 3,489 23,639,160 25,149,869 23,642,237 Current A88et8 Debtor5 Cash at bank and In hand 12 5,743.387 6 968 286 12,711,673 5,473,222 5,151,972 10,625,194 Croditors: Amounts falllng due wlthln one year 8,011,799 (7,551,515) Net current assets 4,699,874 3,073,679 Total as$•ts less ¢urrent118bllltleG 29,849,743 26,715,916 Credltor8' Amounts falling duo after more than one yoar 14 8 136,840 5.394,706 Total Not a880t8 21712,903 21,321.210 Fund8 Restricted incom8 funds UnrestriGted Income funds Total Fund8 21,712 903 21,712 903 21,321,210 21,321.210 These financial statem8nt8 were approved by the Board of Trustees on 12 Oct¢b&r 2023 and are signed on Ihelr behalf by.. Chalr Mr. K S Brundle rrustee Mr. O Paulin Company Reg18tration No. N1017623 The notes on page8 26 to 40 torm part of these flnanclal statements and should be read in conjunction therewith. 22

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Consolidated Balance sheet as at 31 March 2023 2022 2022 (restated) (re8tated) Note 2023 2023 Fixed A880ts Tanglble fixed assets Investments 10 1q 25,156,883 3,4B9 23,651.091 25,159,372 23,664,168 Current Asset$ Debtors Cash at bank and in hand 12 5,140,073 7 002,994 12,143,067 4,868,422 5.179 007 10,047,429 Credltors: Amount8 falling du• wlthln on8 year 13 8 011799 7.551 926 Net current a880ts 4 131268 2.495,503 Total assets1088 current Ilabllltles 29,290,640 26,149,871 Credltors: Amounts falllng due aftgr more than one year 14 5,394 706 Net aseots 21,153 800 20,754,965 Fund8 Restricted Income funds Unr88trlcted Income funds Total Fund8 16 17 18 21,153,800 211 $3.800 20,754,965 20,754,965 Thése financial statements W8re approved by the Board of Trustees on 12 October 2023 gnd ar8 slgned on their behalf by: Trustoe Mr. O Paulln Mr. K S Brundle Company Registration No, N1017623 The notes on pages 26 to 38 form part of th8se finenclal statem8nts and should be read in conjunction therewlth,. 23

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Consolldated Statement of Financial Activities (incorporating the Income and Expendlturo Account) for the year ended 31 March 2023 Unre$trl¢ted Re9trlct¢d Total funds funds funds 2022 2022 2022 (re6tated) {re6tated) (re6tated} Unr08trlct•d Ro6tricted funds fund8 2023 2023 Total funds 2023 Note Incomo Donations and legacies Income from Investments 167,758 3,247 167,758 3.247 21,145 2,630 21,146 2.630 Income from charitable activities 62,083,893 4,384,065 66,467,9S8 59,446,712 4,441,338 63,888,060 Other income 28,935 28,935 24,572 24,572 Total In¢ome 62 283 833 4 384 065 66,667,898 59 495 059 4 441338 63,9936,397 Expenditure Raising funds Charitable a¢tivlt1&6 200,753 61,328,190 200,753 4,581,543 65,909,733 232,816 56.798,379 4,510,862 232,816 61.309,241 Total Expenditure 61,528,943 4,581,543 66,110,486 57,031,195 4,510,862 61,542,057 Profit l (loss) on disp¢¥al of fixed assets {291,746> (291,746) 23.571 23,S71 Net Incomo 463,144 1197,4781 265,666 2,487,435 169.524) 2,417,911 Other recognlsed gainsl(105sesl". Impairment of Fixed Assets Unreallsed gainllloss) on investments Unrealised foreign exchange gain 10 132,757 132,757 (192,798) (192,798) 11 412 412 160 160 Net movement In funds betore transf•rs 596,313 1197,478) 398,836 2,294,797 (69,524) 2,225,273 Transfer between funds {197,4781 197,478 (69,524) 69,524 Total funds broughl foNard 16117 20 754 965 20 754,965 18529692 18,529,692 Total fund8 carrl8d forward 18 21,153,800 21,153,800 20,754,965 20,754,965 The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of comprehensive income has not been prepared The notes on pages 26 10 38 form part of these financi81 staiemenls and should be read in Mnjun¢lion therewlth. The company has elected, in accordance with s.408 CA 2006, not to include the company's individual Statement of Financial Activities. 21

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Statement of Cash Flows for the year ended 31 March 2023 2023 2023 2022 {restatod) 2022 (restated) Cash flows from oporating a¢tlvltle3 Net incoming resources Adjustments for., Interest received Interest paid (Profilllloss on disposal of property, plant and equipment Depreciation of property, plant and equipment Impalrment of Freehold Property Unrealised Igainllloss on investments Decreasel(incr?asel in trade and other receivables Increasel(decrease) in trade payables Ca8h from operatlons Inierest paid Net cash generated from operating actlvltle8 398,83S 2,225,273 -3,247 364,632 291,746 -2,630 147,348 -23,671 2,348,397 -137,576 1,723,116 192,798 -413 -160 -271,651 1,004,496 125,029 3,105,762 (354,632) -98,470 5,168,194 1147,348) 2,751,120 6,020,846 Cash flow8 from inve8ting actlvltles Proceeds from sale of property, plant and equipment Purch8se of property, plant and equlpment Interest received Net cash used in investing actlvltl•s 2,091,076 885,269 (6,098,932) (4,025,714) 3,247 2,630 (4,004,109) (3.137,815) Cash flows from financlng actlvitieg Issue of bank loans Repayment of bank108ng Net cash from investing actlvltles 3,500,000 (423,024) 870,100 3,076,976 870,100 Net Increa881(docroa80} In cash and cash equivalents Cash and cash equivalents at the beglnning of year 1,823,987 2,753,131 6,179,007 2,425,876 Cash and cash equivalents at end of year 7.002,994 5,179,007 The notes on pages 26 to 38 form part of these financial statements and should be read In conjunction therewith. 24

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) statement of Cash Flows for the year ended 31 March 2023 2023 2022 Reconclllatlon of net cash flow movement to movement in net funds Increasel(decrease) in cash In the period Cash (Inflowsjlouffiow from b8nk loans 1,823,987 2,753,131 3,076,976 870 100 Change in net funds Net funds at 1 April 2022 11,252,989) 1,883,031 <83,593) {1,966,624) Net funds at 31 March 2023 (1,336,582) (83,593) Analy81s of ¢hang•s In net fund8 At1 Aprll 2022 Non-cash At31 flows March 2023 Cash flows Cash In hand and at bank 5,179,007 1,823,987 7,002,994 Debt due wlthin one year Debt due after one year (150,364) 5 112,236 1195,536) (2.881,440) 1345,900) 7 993,676 83,593 1,252,989 1,336,582 The notes on pages 26 to 38 form part of these financial statements and should be read In conjunction therewith.. 25

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Notes to the flnanclal statements for the year ended 31 March 2023 1. Accounting Pollci86 The principal accounting policies are set out below. Company I Charlty Informatlon Praxis Caré is a company limited by guarantee incorporated in Northern Ireland and registered with the Charity Commission for Northern Ireland. The registered office18 25.31 Lisburn Road, Belfast, BT9 7AA. Basis of accounting The financial slatemenls have been prepared in accordance with the Memorandum and Articles ef Association, the Companies Act 2006 and "Accounting and Reporting by Charitiès.. Statement of Recommended Pr8¢tice applicable to charities preparing their accounts in aCLordancg with the Financial Reporting Slandard appllcable in the UK and Republic of Ireland IFRS 1021. {as amended for accounting periods commencing from 1 January 20161. The charity is a Public Benefit Enllty as defined by FRS 102. The accounts are preparèd In sterllng, whlch Is the functional currency of the charity. Mcnetary amounts in these financial statements are rounded lo the nearest £. Going Concern The finanGial statements havé beén prepared on a going concern basis which 89sumes that the Charity will continue in operational existence for the foreseeable future. The validity of this assumption depends upon continued support of funders, For the year ended 31 March 2023 the group had net incoming funds of £303,541 12022 £2,381,273 (restated)) wilh overall nel assets of £21,214,507 {2022 £20,910,965 (restatedl) The Trustees contlnually monltor performance, liquidity cash flow and future development, and monitor performance in line with the current 5 year strategic plan developed for 2020-2025. As a result the Trustees believe that the Charity is well placed to successfully manage business risks, Praxis Care continues to provide fin8ncial support to two of its wholly owned subsidiary undertakings:. The Northern Ir8land Agoraphobia and Anxiety Society and Challenge. 80th of these companies operate in line with Praxis, vision and mission and Praxis Care is committed lo supporting them. The Trustees are content that the group will have sufficient resources to do so. In addition, the charity 18 currently in discussions with one of its funding providers, Supporting People, in connectlon with Ihe level of reserves held in respect of Supporting People services. It is anticipated that thls malter will be resolved to everyone's satisfaction and will not impact on the ability of the charity to continue as a golng concern. Consolldatlon In the opinion of the Board of Truslees, the ¢harity and its subsidiary undertakings comprlse a large group. The charity has therefore prepared thése consolidated group accounts. Incoming resources Income is recognlsed when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it Is probable that income will be received, Cash donations are recognised on receipt. Other donations are recognised once the charity ha$ been nolified of the donation, unless performance conditions require deferral ofthe amount. Income tax recoverable in relation to donations received under Grft Aid or deeds of covenant is recognised at the time of Ihe donation. Legacies are recognised on receipt or oth6rniso if the charity has been notified of an impending distribution, the amount is known, and receipt is exp8Ct8d. If the amount is not known, the legacy is treated as a contingenl asset, 28

PRAXIS CARE {COMPANY LIMITED BY GUARANTEE) Notes to the financlal statements for the year ended 31 March 2023 1. Accounting policies (Contlnued) Resources expendod All expenditure is accounted for on an accruals basis and ha5 been classrfied under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of resources. Staff costs and overhead expenses are allocated to activlties on the basis of staff tlme Spent on those activities. Cost of generatlng funds These include salaries, direct expenditure and overhead costs of staff who promote fundraising, including events and mailings. Charitable actlvltles Charitable expenditure comprises those costs incurred by the charity in the delivery of its activltles and services for its benéficiaries. It includes both Gosts that Can be allocated directly to such activities and those costs of an indirect nature necessary to supply them. Governance costs Governance G05ts include Ihos¢ incurred in the governance of ils assets which are associated with cor)5titutlonal and statutory requirements. Support Costs Support costs include central functions and are allocated to activity cost cat8gorles on a basls consistent with the use of resources. Taxatlon Praxis Care is a regist8r8d charity wilh HMRC and is entitled to certain tax exempl Income and profits from Investments in furtherance of the charity's primary objectives, if these surpluses are applied solely for charitable purposes. Fixed a886t8 Tangible fixed assels are initially measured at ¢ost and subsequently measured at cost orvaluatlon, net of depreciation and any impairment losses. Depreciation is recognised 80 85 to write off the Cost or valuation of assets188S their residual values OV8r thelr useful lives on the followlng bases.. Freehold Property- Office Equipment- Fixtures & Fittings - Motor Vehicles Accommodation Fumishings - 2•A stralght line 20 /• Straight line 209/0 Straighl line 200/0 straight line 200/0 straight line The charlty's policy is to capitali5e all fixed asset additions costing more than £500. The gain or10s8 arising on the disposal of an asset is determined 89 the difference between the $81e proceeds and the carrying value of the asset, and is recognised in net incomel (expenditure) for the year. Impalrment of flxed assets At each reporting end date, the charity reviews the carrying amounts of Its tangible 8$$ets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the r8coverable amounl of the assel is estimated in order to determine the extent of the impairment loss (if any). 27

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Notes to the financial statements for the year ended 31 March 2023 1. Accounting policies (continuod) Investment assets and Income Fixed asset investments are initlally measured at Iransaction prlce excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognlsed in net Incomel {expendlture) for the year. Transaction costs are expensed as incurred. Ca8h and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at C811 with banks, other short-term liquld Investments with orlginal maturitles of three monlhs or les8, and bank overdrafts, Bank overdr8fls are $h¢wn within borrowings in current liabillties. Pen6ion cost8 The Charity operates for all employees (including the Executive Directors, Heads of Department and Managers) a number of defined contribution pension schemes. The assets of the schemes are held separately from those of the Charity. The annual Contributions payable are Charged to the Statement of Financial Activities in the year they are payable. Reserve$ Praxis Care aspires to retaining a level of reserves which matches the needs of tho organisallon at th& current time and in the foreseeable future. A policy has been established whereby the unrestricted funds not committed or invested in tangible fixed assets {'the free reserves.) held by the Charity should be £7.1m. Thls target includes £4.1m to cover potential loss of bu5ines5 (assumes 26'A of contracts are lost with associated spend continulng for 3 months), £1,5m to cover ¢apilal expenditure requirements and £1.5m for short term ¢8sh flow requirement8. Baslc financial assets Basi¢ financial assels, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangemenl constitutes a financing transaction, where the transaction is measured al the present value of the future receipt5 discounted at a market rate of interest, FSnancial assets classlfled as receSvable wlthin on¢ year are not amortised. Baslc flnanclal Ilabllltles 88sic financial liabilltie5. including creditors and bank loans are inltially recognlsed at transaction price unless the arrangement constitutes a flnancing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable wlthin one year are not amorlised. Debt instruments are sub$equently carried at am¢rtised Cost, using the effeclive intere$1 rate method. Trade creditors are obligations to pay for goods or services that have been acqulred in the ordinary course of operations from suppllers. Amounts payable are Classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current Ilabilltl8$. Trade creditors ar& recognised Initially al transaction price and Subsequently measured at amortised cost using the effective interest method. 28

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Notes to thè flnanclal statements for the year ended 31 March 2023 1. Accountlng pollcl88 (continued) Derecognition of financial liabilities Financial liabilities are derecognised when the charlly's contractual obligations expire or are discharged or cancelled, Employae beneflts The cost of any unused holiday entitlement is reccgnised in the period in which the employge's 8ervi¢es are received. Termination benefits are recognlsed immediately as an expense when the charlty Is demonstrably committed to terminate the employment of an employee or to provide iermination benefits. Funds The Charity has dlfferent types of funds for which il is responsible, and whiGh requlre separate disclosure. These are as follows.. a) Restricted funds.. Restricted funds are funds received which are earmarked by the donor for specific purposes, Such purposes are withln the overall aims of the Charity. Deficits on restrlcted funds are met by a transfer of an equivalent amount from unreslrlcled funds, b) Unrestricted funds: Funds which are expondable at the discre110n of the Board In the furtherance of the objec15 of the Charity. In addition, funds may be held In order to finance Capital investment and working capital. c) Designated Funds-. These are a particular form of unrestricted fund, consisting of amounts which have been allocate or designated for particular purposes by the Charity. The use cf such funds for their designated purpose will remain at the discretion of the Board, The Charily has designated its operational properties as a designated fund. Related Party Transactlons The charity h88 taken advantaoe of the exemptlon not 1¢ disclose re18ted party transactions wlth other members of the group as group consolidated financial statements are prepared. Crltlcal accountlng estlmates and Sudgement$ In the application of the charity's accountlng policles, the trust¢¢s are required ID make judgements, estimate5 and assumpllons about the carrying amount of ass&ls and liabililies that are not readily apparent from other sources. The estimates and associated assumptions are based on histcrlcal experience and otherfactors that are considered to be relevant. Actual resulls may differ from these estimates. The estlmate$ and underlying assumptions are reviewed on an ongoing basis. Revlslons to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only th8t period. or in the period of the revision ané future periods where the revision affects both current and future periods.

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Notes to th8 flnanclal statements for the year ended 31 March 2023 Donatlon8 and legacl•s Unrestrlcted Re8trlcted funds fund6 2023 2023 Total Funds 2023 Total Funds 2022 Donations 167,758 167,758 21,145 Income from Investments Unrestricted Restrlcted funds funds 2023 2023 Total Funds 2023 Total Funds 2022 Loan interesl receivable 3,247 3,247 2,630 Other Income Unre8tricted Restricted fund8 fund8 2023 2023 Total Fund8 2023 Total Funds 2022 Rental income Management Fee 8,160 20,775 8,160 20,776 8,160 16,412 28,935 28,935 24,572 30

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PRAXIS CARE (COMPANY LIMITED BY GUARANTEEI Notes to the flnanclal statements for the year ended 31 March 2023 Expendlture on Ralslng Funds Unre8trlct•d Restrlctod funds funds 2023 2023 Total Funds 2023 Total Funds 2022 Fundraising 8nd publicity 200,753 200,753 232,816 Net income before transfers This is stated after chargingl(crediting)'. 2023 2022 staff pension contribution8 Depreciation Audit services Exchange lo$se$ l {gain8) 863,662 2,348,397 28,326 (95,088) 908,2S8 1,723,115 33,259 174,949 Staff costs and emoluments Total staff costs were as follows: 2023 2022 Wages and salarles SoGial security costs Other pension cost5 Agency fee5 40,754,233 39,445,177 3,945,867 3,713,992 863,662 908,258 7 $07 308 5,311,541 53,071,070 49,378,968 Partlculars of employees: The average number of employees during the year was as follows.. 2023 2022 Operations slaff Fundraising and publicity staff M8nagement and admin staff 1,349 1,573 99 1.652 95 1,674 Trustees, emoluments including benefits in kind such as payment in relation ID pension tolalled £NIL12022- £NIL}. Trustees received £NIL (2022.. £NIL) for reimbursed expenses in the year. Five employees received emolumenls between £60,000 and £70,00012022,' Four), eight employees received emoluments between £70,000 and £80,000 12022.. Six)., one employee received emoluments between £80,000 and £90,000 (2022., One); one employee received emoluments between £90,000 and £100,000 (2022., Nil).. and one employee received emoluments between £120,000 and £130,000 {2022,' One), Pension contributlons made on behalf of employees earning £60,000 or more were £199,117 (2022: £163,934). The key management P6rsonnel of the Charity in¢lude$ the Board, Chief Executive, Directors of Care & Development, Director of Finance, Director of Quality & Governance and Dlrector of HR. The total employee benefits, including employer pension contributions, of Ihe key management personnel of the Charity were £745,804 (2022.. £895,806). 33

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Notes to the flnanclal statements for the year ended 31 March 2023 10. Tangible fixed assets Group tanglble flxed assets Fr6•hold Property A¢¢om & Offlce Flxtureg & Furnlsh Equlpment Flttlngs Motor Vehlcl08 Total Cost or valuatlon At 1 April 2022 Additions Disposals At 31 March 2023 27,994,372 4,578,940 12,973,607) 29,599,705 1,069,250 3,392,607 1,807,750 2,096,557 36,360,536 242,002 144,780 708,173 425,035 6,098,930 (28,8301 (308.9861 (33,092) 190,5131 (3,435,028) 1.282 422 3,228 401 2.482,831 2.431,079 39,024,438 Depreclation At 1 April 2022 Disposal Charge for the year At 31 March 2023 7,307,673 {742.9131 1,116,780 7,681,540 731,160 2,300,915 1,246,577 930,321 12,516,646 (7,731) (245.742) (10,4791 144,845) (1.051,710) 116.414 532,065 204.659 378,479 2,348,397 839,843 2,587,238 1440 757 1,263 955 13,813,333 Impalrment 31 March 2022 Impairment 31 March 2023 126,175 41,346 36,951 2,041 1,579 16,375 12,257 8,862 4,435 192,799 65,222 Nèt book valuo At 31 March 2023 21,918,165 405,628 639,584 1,029,817 1,162,689 25,155,883 At 31 March 2022 20,560,524 296,744 1,089,661 544,798 1,159,374 23,651,091 Praxis Care tangible fixed assets Freehold Property Accom & Office Fixtures & Furnlsh Equlpment Flttings Motor Vehicles Total Cost or valuation At 1 Aprll 2022 Additions Disposals At 31 Mar¢h 2023 27,994,372 4,578,940 2,973,607 29,599,705 1,056,250 3,392,231 1,807,750 2,096,557 36,347,160 242,002 144,780 708,173 425,035 6,098,930 28.830 308.986 33.092 90,514 3,435,028 1,269,422 3,228,025 2,482,831 2 431,079 39,011,062 Depreciatlon At 1 April 2022 Dlsposal Charge for the year At 31 March 2023 7,307,673 (742,913) 1,116,780 7,681,540 730,091 2,300,539 1.246,577 930,321 12,515,201 (7,731) (245,742) (10.479) (44 845) (1,051,710) 113.986 532.065 204,659 378,479 2,345,969 836,346 2,586,862 1,440,757 1263,955 13,809,460 Impaimient 31 March 2022 Impairment 31 March 2023 126,175 41,348 36,951 2,041 1,579 16,375 12,257 6,882 4,435 192,799 55,222 Net book value At 31 March 2023 21,918,166 396,125 639,584 1,029,817 1,162,689 25,146,380 At 31 March 2022 20,560,524 284,813 1,089,651 644,798 1,159,374 23,639,160 34

PRAXIS CARE {COMPANY LIMITED BY GUARANTEE) Notes to the flnanclal statements for the year ended 31 March 2023 10. Tanglble flxed assets {¢ontlnuod Fixed assets were reviewed for indicators of impaimient at the year-end, the result is an Impairment charge of £55,222 during the year, Valuations were obtained for a sample of freehold properties in March 2023 by PM McGibbon & Co, Chartered Valuation Surveyors. These valuations have been prepared in accordance with the RICS stalements of Asset Valuation Practice and Guidance Notes, All UK properties were subject to a full professional revaluation by Lambert Smith & Hampton in August 2019. No write down was required in the year to 31 March 2023 as the valuations support the Trustees, opinion that the current existing use value Is hlgher than the market value. All properties will be subjected to a full professional rev8lu81ion on 31 Merch 2028 in line with group policy on cyclical valuations, I n respect of a3sels stated at valuations, the comparabl• hlstorlcal cost and depreciation values are a5 follows: 2023 2022 Net book value at end of year 6,193,175 3,720,391 Historical cost of assets revalued Aggregate depreciation on revalued assets Net hl$torl¢al ¢o$t valuo at 31 March 2023 3,600,000 3,790 3,596,2010 7,779,172 2,579,363 5,199,819 11. Investments Movement In markot valu• 2023 2022 Market value at 1 April 2022 Net gainl{loss) on revaluations in the year Market value at 31 March 2023 3,077 412 3,489 2,917 160 3,077 Hlstorlcal cost at 31 March 2023 1,008 1,008 Analys18 of Investments at 31 March 2023 between fund8 Unr•$trlct•d Ro$trlet•d funds funds 2023 2023 Total Fund8 2023 Total Funds 2022 L18tod Inve8tm8nt8 -UK quoted shares 3,489 3,489 3,077 There were no additions or disposals of inveslments during the year, The movement In nel book value represenls an unrealised profit in market value. None of the investments held by the organisation relate to the Charity's programmes of care. 35

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Notes to the flnanclal statements for the year ended 31 March 2023 12. Debtor6 Group Praxis Care 2023 2022 2023 2022 Trade debtors Amounts owed by group undertaklngs Amounts owed by Praxis Housing Associatlon Other debtors 2,898,757 2,640,923 2,898,757 2,640,923 603,314 604, 800 143,093 803,938 2,096,223 1,623.561 5,140,073 4,868,422 145,093 603,938 2,096,223 1.623,561 ,743,387 5,473,222 13. Credltors: Amounts falllng du• wlthln one y•ar Group Praxis Care 2022 2023 (restated) 2022 (regtated) 2023 88nk loans and overdrafts Trade creditors Social security costs Other credltors Accruals and deferred income 345,900 1,261,937 1,191,326 1,027,868 4,184,768 8,011,799 150,364 1,398,707 941,737 729,843 4,330,864 7,551,515 345,900 1,261,937 1,191,326 1,027,868 4,184,768 8,011,799 150,364 1,398,707 941,737 729,843 4,330,864 7,551,515 Within the above accruals and deferred income figures the following 118bllilies relate to deferred income. Due to the complex nature of some of the schemes, Praxis Care can receive, from the commlssionlng body, monies in advance to ensure a smooth service tr8nsition. This deferred income is released over the period of the service provision. Group Prax18 Care 2022 2023 (restated) 2022 2023 (restatedl Defer￿d income 544,406 791,550 544,406 791,550 In addltlon, the followlng Ilabilities dlsclosed under creditors falling due within one year are secured by the Charity.. Group 2023 Praxis Care 2023 2022 2022 Banks loans and overdrafts 345,900 150364 345,900 150,364 The bank borrowings are secured by way of fixed charges and debentures over the property and asset8 o* the company including first fixed charge5 over 39 properties in Northern Ireland, 8 properties in ROI. and 10 properties Sn England, 36

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Notes to the financial statements for the year ended 31 March 2023 14. Crodltor8: Amount8 falllng due after more than one year Group Praxis Care 2023 2022 2023 2022 Bank loans and overdrafts Othèr creditor8 7,993,678 S,112,236 143,164 282,470 ,136,840 5,394,706 7,993,676 5,112,236 143 164 414 661 8,136,840 5,394,706 The followlng liabilities disclosed under creditors falling due after more than one year are secured by the Charity.. Group 2023 Praxl8 Care 2023 2022 2022 8anks loans and overdraft8 7 993,676 5,112 236 7 993,676 5 112 236 15. Pen8lon8 Praxls Care operates a number of deflned ¢ontrlbution pension schemes includlng, as from 1 January 2014, an auto-enrolment contributory pension scheme for Ihose Staff who had not previously opted to join a penslon s¢heme. The employer contribution rates on these schemes vary between 30A and 230/0, depending on employees, contractual entitlements and options. 16. Re$trl¢t•d Income fundg Balance at 1 April 2022 Incoming re90ur¢es Outgolng re80urces Transfer8 Balance at 31 March 2023 Supporting People l Floating Support NIHE SNMA NIHE 4.376,797 {4,574,275) 197,478 7,268 (7.2681 4,384,065 {4,581,5431 197,478 17. Unrestricted incomo fund8 Asat 1 Aprll 2022 {restated) In¢omlng regour¢e8 Outgolng Gains & resources L08808 At31 March 2023 Transfers Fixed asset fund General fund 17,553,362 3,201,603 20,754,965 (158,989) 1,231,464 18,625,837 61,528,943) 412 (1,428.942) 2,527,963 (61,528,943) .158,577 1197,478) 21,153,800 62,283,833 62,283,833 Designated funds equ81 £18,625,837 and relate to the net monios invested in the organisation's operational properties. 37

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Notes to the financial statements for the year ended 31 March 2023 18. Analysls of net assets between funds Tangible flxod assets Net current a88et8 Long term Ilab115tl88 Investmentg Total Restricted Funds Unrestricled 25,155,883 Funds Total Funds 3,489 4,131.288 (8,136,840) 21,153,800 25,155,883 3,489 4,131,268 8,136,840 21,153,800 19. Company Ilmlted by guarantoe Praxis Care is a company limited by guarantee and does not have a share capital. The liability of each of it$ members is limited to £1, 20. Capital commitments C8pII81 commitments lo report in relation lo the 2023 year are as follows- 2023 2022 Contracted but not provlded for In the financial statement8 21. Other financial commitments The group is committed to other axpendlture as follows, In r8sp8Ct of long term maintenanc8 contracts for the group's managernenl information 5yStems'. 2023 2022 Not later than one year Later than one year and not later than five years Later than five years and not later than tan years 853,000 424,000 602,000 342,000 1,277,000 844,000 22. Prlor Year Restatement The prior year restatement in In¢ome relales to re￿gnitIon of deferred in¢¢me received in previous periods, 23. Use of volunteers Praxis Care believes that volunteers bring a unique contribution which adds value and onhances the work of the organisation, making a difference to th@ lives of the people we support and the organisation as a whole. Volunteers 8180 increase awareness of the organisation in the wider community. Currently the key roles carried out by volunteer5 are as Member5 of the Board and Board Committees and within the Praxis Care Befriending Service, Befrlending is a relationship between a volunteer and a recipient, supported and monitored by Praxis Care. The service recognises the value of bringing people together to form positive and supportive relationships which reduce isolation and alleviate loneliness. 38