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
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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