2025-03-31-accounts

PRAXIS CARE (Company Limited by Guarantee) CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2025 Company Registration Number Nl 017623 HMRC Charity Number XN 80842 Registered with The Charity Commission for Northern Ireland NIC103672 Registered with The Charltles Regulator In Ireland RCN 20100919 Registered in the Isle of Man Charity No 826

Contents Company Information Strategic Report Trustees. Report 12 Independent Auditors, Report to the Members of Praxis Care 19 Consolidated Statement of Financial Activities {Incorporating the Income and Expenditure Account) 23 Praxis Care Balance Sheet 24 Consolidated Balance Sheet 25 Consolidated Statement of Cash Flows 26 Notes to the Financial Statements 28

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Company information Registered Charity Name: Praxis Care HMRC Charity Number. XN 80842 Charity Commission Number.. NIC103672 Company Registration Numbgr.. N1017623 Registered office: 25-31 Lisburn Road Belfast BT9 7AA Trustees.. Mr K S Brundle- Chair Prof Mary Mccolgan October 2024) Mr O Paulin Mr J McGregor- Vice Chair (until 3 October 2024) Mr M Dawson Mrs A Dunn Mr T Hopkins Dr P McLoughlin (resigned 22 April 2024) Mr J Melvin {resigned 3 October 2024) Mrs N Roche (resigned 3 October 2024) Mrs Jacinla Walsh Mr J Rance {resigned 3 October 2024) Mr Stewart Harrington (appointed 3 October 2024) Mr Christian Mcmanus (appointed 3 October 2024) Vice Chair (appointed 3 Company Secretary.. Mr O Paulin Auditor= Moore (Nl) LLP Donegall House 7 Donegall Square North Belfast BT1 5GB Bankers.. Bank of Ireland University Road Belfast BT71NA Barclays Bank 1 Churchill Place Canary Wharf London E14 5HP Solicitors-. Murphy O'Rawe Scottish Provident Buildings 4th Floor 7 Donegall Square West Belfast BT16JF Shakespeare Martineau Bridgeway House Bridgeway Stratford upon Avon CV37 6YX Tallans Solicitors New Town Centre Ashbourne Co Meath Ireland

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Strategic Report The Trustees, who are also Directors for the purposes of company law, present their strategic report for the year ended 31 March 2025. Objectives and Activities The objectives for which the organisation was established are- To promote the preservation and safeguarding of mental health, to support individuals with a range of mental illnesses, disabilities or any other condition or circumstance and to include, without limitation, those persons who have a learning disabilty or illness due to old age or any other condition., To promote and undertake research into the special problems of mental illness, disability or any other condition or circumstance and to include the learning disabled and older people., To promote the rehabilitation, training, education, therapy and health care of those persons aforementioned; To advance the education of the public in all aspects of mental health, all forms of mental illness, disability Of any other condition or circumstance., and To undertake any other charitable purpose. In the furtherance of these objectives. Praxis Care has continued to.. Provide care and support to vulnerable individuals with mental ill health, learning disability, autism and dements'a to facilitate their participation in everyday living and enjoy an improved quality of life. Praxis Care provides this support through a range of services offering accommodation. support and day care. Carry out research, both internal and external, in partnership with untversities and other volunlary organisations. Praxis Care Research aims to provide an evidence base to ensure Ihat interventions used are at the forefront of global best practice. Provide opportunities for individuals to access training and develop skills through its day care and day activity programmes thus equipping them to enjoy everyday life. Raise public awareness and understanding of all aspecls of mental health and disability through participation in conferences, events. research and involvement in local communities. Praxis Care's value5 ensure that the people we support are at the centre of all activities undertaken by the organisation in fulfilling its vision and mission. Praxis Care has robust policies and procedures in place to ensure that risks are mitigated to avoid harm to beneficiaries or other individuals. The Trustees have paid due regard to the Charity Commission guidance on public benefit and are confident that aims and objectives are in accordance with the regulations. Flnanclal Revlew and Results for the Year Praxis Care experienced steady growth in business in the year ended 31 March 2025 with total incoming resources of £71.9m compared lo £69.4m in 2024. The increase in turnover is mainly due to contract uplifts awarded. The Charily had a rset increase in funds of£2,046.609 for the year ended 31 March 2025 before unrealised gains and losses (2024.. £2,302,258).

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Strategic Report Care & Development: Northern Ireland Praxis Care's services in Northern Ireland continued lo evolve throughout 202412025, with a focus on expanding access, strengthening person-centered practice, and responding to the increasingly complex needs of the people we support. A key mileslone this year was the opening of Ballymena Supported Living Servic8. This bespoke development, delivered in partnership with local Health and Social Care Trusts, supports individuals who previously lived in group accommodation at our Crumlin service to transition into modern, purpose-built apartments that offer greater privacy, independence. and comfort. Each person now benefits from their own space while continuing to receive tailored support. enabling a more personalised and empowering approach to daily living. Elsewhere, the Newry Bespoke Service was successfully established as a standalone entity, enhancing personalisation for the individuals supported there. Meanwhile. targeted propety adaptations al Maine Valley Supported Living have improved outcomes for an individual with complex needs, through the introduction of sensory-informed design. We also created additional capacity in a number of established services increasing the number of people we support. Praxis Care also continued to champion community integration. The Conlig Supported Living Service was recognised in a local °In Bloom. competition - an achievement that reflected the creativity and civic pride of both staff and the people they support. Across all developments, our focus has remained on delivering services that empower individuals. promote inclusion, and demonslrate excellence in care. As we look to the year ahead. Northern Ireland remains a core and thriving part of Praxis Care's delivery model, defined by innovation, collaboration, and commitment to continuous improvement. Care & Development: Republic Of Ireland This year. Praxi5 Care in the Republic of Ireland has made meaningful progress, continuing our mission to deliver exceptional care and expand our service offerings. A standout initiative was the launch of the SPELL Champions programme, designed to enhance autism support across our services. The programme. which has proven to be a success. has already empowered Our Staff with deeper insights. and we plan to expand its reach to further improve care delivery. In December 2024, we proudly reopened The Avenue in Ardee. a state-of-the-art facility that reflects our commitrnent to providing individuals with spaces thal promote independence and dignity. Just a month later, in January, Metges Road opened its doors. further strengthening our capacity to serve the community wilh tailored care solutions. These new openings underscore our unwavering dedication to creating high-quality. person<entered living environments. We also introduced the Mullaghboy Day Service, a new initiative focused on fostering independence, social engagement. and personal well-being. This service marks another step forward in offering meaningful and transfonnative day support to the people we support. Excitingly, we're also in the process of developing new properties in Tipperary, Dundalk, and Mayo, each designed with modern, accessible living in mind. These new homes will empower individuals to live more independently while staying connected to their communities. In addition to these developments, the strategic frameworks we introduced last year have been fully rolled out, ensuring a consistent, high standard of care across all setvices. Designed with input from our Regional Directors, these frameworks provide a solid foundation for continuous improvement and alignment with our long-term vision. Looking ahead, Praxis Care is committed to expanding our services and maintaining the highest standards of care. With new developments underway and a focus on quality, we are dedicated to empowering

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Strategic Report individuals and supporting their independence. Our continued growth in the Republic of Ireland ensures that we can meet the evolving needs of the people we support, making a lasting impact on communities across the region. Care & Development: Great Britain and Isle of Man This year marked a period of meaningful progress and strategic evolution for Praxis Care across both the Isle of Man and Great Britain. On the Isle of Man, we continued to deliver high-quality, person-centered support, reinforcing our commitment to the individuals and communities we serve. A standout achievement wa5 the ongoing success of the Balleysleigh Day Service, which received £10.592.88 from the Co-op Local Community Fund. This generous support is being used to enhance the everyday lives of the people we support funding wellness initiatives, new equipment, and opportunities for greater community engagement. We are deeply grateful to the Co-op and our local community for their continued partnership and belief in our work. We also reached a significant milestone this year with the takeover of Thie Quinney, mafking our first service on the Isle of Man dedicated to supporting individuals with physical disabilities and acquired brain injuries. This expansion not only broadens the scope of our care but also strengthens our commitment to inclusive, responsive services that meet a wide range of complex needs. In Great Britain, we have undertaken a number ofstrategic adjustments, including the retraction ofseveral services in response to challenging market conditions. funding constraints. and our long-term goal of operational sustainability. lthile these decisions were difficult, they reflect our ongoing commitment to focusing resources where they can have the greatest impact. We are pleased to report the successful retendering of Plasden Court, which ensures the continuation of high-quality care for the individuals we support there. Looking ahead. our growth strategy in Great Britain will be guided by careful evaluation and a commrtment to quality over scale. In a highly competitive social care landscape, shaped by economic pressures and limited local authority funding, we remain focused on developing services that align with our mission and deliver meaningful outcomes. Our approach will prioritise areas where our expertise and values can make the most significant difference. Plans for Future Perlods Praxis Care will continue to expand its service provision with a range of high quality and innovative developments across the jurisdictions in which we operate in line with the organisalion's strategic and business plans. This may be constrained for a period of time due to recruitment and retention pressures in the social care labour market. Organisational objectives are set in line with Praxis Care's values, vision and mission. taking into account the internal and external environments and risk management policy. The objectives in the Praxis Care Business Plan are also reviewed quarterly and revised as required. Our Vision Leading the co-production of innovative individualised, support approaches. across the UK, the Isle of Man and Ireland. Our Mission Empowering lives that are valued, meaningful and inclusive, regardless of the complexity of need. every day. Our Values These are what make Praxis Care unique, ensuring we make the right decisions 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 Carfng Praxis Care is so much more than a job. We are aware of the enomious trust placed in us and value the uniqueness and potential of every person we support. Compassionate Compassion for people who face real life challenges in their lives is a defining component ofwhat makes us Praxis Care. Person Centered We assist people to make informed choices about their own lives and shape the support they receive around their individual needs and aspirations. Acting with Integrity We uphold the rights of every person, ensuring Iheir confidentiality, privacy and dignity are respected. Acting with honesty and transparency in all interactions with the people we support, Iheir families, our staff, our partners and the public. Protecting Indlvlduals The best interests of the people we support are paramount. We work in partnership with other organisations, safeguarding individuals, ensuring risk is managed, and encouraging positive risk taking. Innovating & Improvlng We are committed to continuous innovation through practice 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 organisation and identify the high level corporate aims lo be achieved over a rolling 5 year period. The Senior Leadership Team develops an annual Business Plan. identifying objectives to be achieved in furtherance of the strategy in the forthcoming year considering both the external envifonment and relevant internal issues. The Chief Executive and Senior Leadership Team engage with the Praxis Care Board on the strategy and priority objectives, at the annual Strategic Planning Away Day and at the regular Board and Board Subcommittee meetings. The organisation has developed a new strategy document. approved by the Board, lo be launched in early 2025. People Wo Support Survey At Praxis Care, we understand the importance of actively listening to the people we support. Their feedback is essential in helping us assess the level of satisfaction with our services and, more importantly. identify areas where we can improve. To ensure we respond effectively, any area with less than 80°/0 satisfaction automatically triggers a local action plan. Overall. 726 surveys were returned. This was an overall response rate of 53.10, and an increase of20/0 on last year's total. The total percentage of positive responses also increased from last year by 1Pk to a very encouraging 93'h. Overall. no area of the survey scored below 800/0 satisfaction. Stakeholder Survey Overall satisfaction in our latest survey remained high, with a positive response rate of 97.6%. This was a 1 OA improvement from the aggregate response received in 2023-24. The overall number of returns was 327, similar to last year.

PRAXIS CARE ICOMPANY LIMITED BY GUARANTEE) Strategic Report Quali and Governance At Praxis Care, quality and governance are at the core of our seNice delivery. We are committed to maintaining high standards. ensuring accountability, and promoting continuous improvement across all areas of the organisation. This year's activities reflect our proactive approach to internal oversight, external regulation. and adherence to internationally recognised benchmarks for quality. Together, these measures provide robtjst assurance to stakeholders and support the delivery of safe. person-centered care. Internal Audit A total of 92 internal audits were completed across our services during the year. Every operational setting received at least one audit, with additional audits targeted based on identified risk factors or specific requests. The internal audit programme plays a key role in identifying strengths, highlighting areas for improvement, and ensuring compliance with internal policies and sector standards. Notably. this year's audils contributed to a 3 /0 increase in compliance compared to the previous year - demonstrating tangible progress in the qualty of our service delivery. Regulatory Inspections During the year, 48 regulatory inspections were carried out by authorities in Northern Ireland, the Republic of Ireland, and the Isle of Man. We are pleased to report that none of these inspections resulted in enforcement action. These independent inspections confirm that our registered services continue to meet the legal and regulatory frameworks in each jurisdiction. They also offer valuable insights and opportunities to further enhance our practice, where recommendations for improvement are made. External Accredltatlon Praxis Care successfully retained its ISO 9001.2015 certification for Quality Management Systems, with no non-conformities identified. This internationally recognised standard reinforces our commitment to excellence, ensuring that we consistently meet stakeholder expectations and deliver services in a way that is effective, consistent, and continuously improving. Our Peo This year, our HR team delivered a broad range of impactful inttiatives designed to strengthen our workforce and enhance organisalional effectiveness. A key focus was on succession planning and staff development, with the creation of an updated career pathway to support employees who wish to grow and progress within the organisation. In parallel, we advanced our commitment to diversity and inclusion by improving our ability to understand and capture staff demographic data- laying the foundation for a more informed and strategic approach going forward. We also undertook a comprehensive review of agency spend, cost per hire, and absence levels to ensure more efficient and cost-effective workforce management. To support this, we introduced targeted training for managers, enabling them to apply absence policies consistently and effectively. Structured exit interviews were also launched. providing valuable insights into the reasons behind staff turnover and informing retention strategies. Targeted Recruitment and Market Competitiveness A major development in our recruitment process was the full implementalion of SeeMeHired in February 2025. This candidate tracking system enables a more streamlined and transparent recruitment experience for both hiring managers and applicants. SeeMeHired provides real-time updates, ensuring all parties are aware of their place in the recruitment process. The platform offers complete oversight of recruitment activity across the organisation, enabling more largeted reporting and oversight.

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Strategic Report Enhanced Onboardlng and Candidate Experience Improvements were made to increase the flexibility of the induction process and ensure a positive new joiner experience, which was benchmarked to keep our approach competitive. Employee Engagement In 2025, Praxis Care conducted an Employee Engagement Survey to gain a comprehensive understanding of our workforce's experiences, perceptions. and priorities. A total of 438 staff members participated. providing valuable insights that will guide our continuous improvement efforts. The survey results were reviewed in detail by the Senior Leadership Team (SLT). revealing important strengths and areas for development: Managers are widely seen as supportive and communicative, with consistently strong scores across all statements. Most employees understand their roles and how their work contributes. Views on fair compensation and systems support are mixed. Staff are generally proijd to work at Praxis Care. Motivation could be stronger. Team cohesion and consultation are strong. Cross-department collaboration and workload require some attention. Staff value Praxis Care for its innovation, flexibility, and purpose. Perceptions of recognition and social responsibility vary. There is a clear desire for improvement in recognition, reward, and career development pathways. Many feel supported in learning. Confidence in leadership and perceptions around how information is communicated is moderate. with room to strengthen motlV81ion and visibility. Following the suniey, focus groups were held to explore these themes in depth. Insights gathered will inform a comprehensive organisational action plan aimed at addressing key areas for improvement and enhancing the overall employee experience.

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Strategic Report Learnln and Develo ment This year, the introduction of flexible inductions has significantly enhanced our on-boarding proce5S, allowing us lo welcome 710 new starts - more than double the monthly capacity of our previous approach. By moving away from a fixed model. we increased our average monthly induction intake to 59 staff members. compared lo the previous limit of 25-30. In addilion to improving efficiency, this new approach also reduced staff travel expenses by approximately £50.000-£60,000. Feedback has been overwhelmingly positive, with our experience survey rating the flexible induction 4.8 out of 5. Launched new post training feedback questionnaire using Survey Monkey responses in seven weeks, with an average rating of 4.8 out of 5. 8,000 attendees on internal training courses We passed our annual External Quality Assurance audit in January 2025 with no actions required with over 600 Equal Opportunity Praxis Care maintains a policy of offering equal opportunity to individuals. whether candidates or staff, in cruitment. training and career development, having due regard lo Iheir aptttudes and abilities in relation to the jobs available. HR collate staff I demographic data to identify under represented areas thatwill feed into recruitment strategy for the future. Employee Involvement All employees are informed of plans and progress via regularteam meetings where opportunity is provided for feedback and involvement. Regular communication updates continue to be shared on Workvivo and in the quarterly newsletter. Information is also cascaded to teams via regular team meetings. Our Places In 2024125, Praxis Care focused on Strategic property management to support sep4ice growth and secure sustainable, high-quality environments for the people we support and our staff. In Northern Ireland, we secured three new leases to replace services in Crumlin, DerrylLondonderry, and Lurgan. improving facililies and ensuring conlinuity of care. A notable development was the long-lemi lease al Thomas House. Ballymena Supported Living Service, providing 11 apartments to replace the Crumlin Courtyard Service. We also expanded in Newry, adding two new properties and a staff off￿e to support the Newry Bespoke Service. In the Republic of Ireland, new leases supported growth, including a new day service space in Dunboyne. Propety acquisitions were another key focus. We purchased a replacement property in Bangor. Co Down while in the Republic of Ireland, a new property in Navan enabled the relocation of existing residents. We also acquired a site in Cashel, Co. Tipperary for future service development. Our property strategy remains focused on delivering safe, sustainable, and person-centered environments across all regions. Our Communication In 2024125, the Marketing and Communications team delivered a range of impactful projects that enhanced Praxis Care's visibility, deepened engagement. and supported our strategic goals across all jurisdictions. Almost all of this work was carried out in-house, allowing us to maintain close control over quality. consistency, and authenticity in every campaign and initiative. 40th Anniversary Celebrations A standout moment this year was supporting Praxis Care's 40th anniversary celebrations. To mark this

PRAXIS CARE {COMPANY LIMITED BY GUARANTEE) Strategic Report milestone, we developed a distinctive anniversary logo and provided marketing materia15, photography, and PR outreach lo support 44 localised events across Northern Ireland. the Republic of Ireland, Great Britain, and the Isle of Man. Additionally, we illuminated 16 iconic landmarks in our signature purple, creating a powerful visual symbol of our impact and community presence. New Website Launch Another major achievement was the successful launch of our new website, designed wtth accessibility, usability. and clarity at ils core. The refreshed sile offers an improved experience for all users, making it easier to explore our services, understand our values, and learn about our work across the UK, Ireland, and the Isle of Man. Awards and Conferences The team played a key role in supporting signature events such as the Celebrating Success Awards and events held in Northern Ireland, the Republic of Ireland, Great Bf Itain, and Isle of Man, as well as the Quality Conference and Staff Awards. Our support encompassed logistics. printed materials, banners, photography, videography, and digital conlent - ensuring each event was memorable and aligned with the Praxis Care brand. In 2024. we also welcomed back our annual Corporate Conference in Ireland, which united professionals, families, and individuals with lived experience to discuss how communities can better meet the needs of people with intellectual disabilities and autism. Ongoing Communlcations Beyond these flagship projects, the team managed all intemal and external communications, including paid digital campaigns, PR and media relations, and social media engagement. ￿lIe targeted recruitment campaigns continue to promote Praxis Care as an employer of choice across digital. print, and radio channels, our broader communications amplify the voices of the people we support and the teams who cafe for them. Working closely with colleagues throughout the organisation. we ensure that our messaging remains authentic, consistent, and fully aligned with our mission, by quarterly updates through the Corporate Newsletter. Through these efforts, the Marketing and Communications team has played a vitsl role in strengthening Praxis Care's voice and presence, helping us celebrate the people, partnerships, and progress that define our work. IT In 2024125, Praxis Care's IT team continued to strengthen the organisation's digital infrastructure. security, and connectivity to support safe, efficient service delivery across all jurisdictions. A significant milestone was the expansion of the Organisational-WideArea Ne￿ork. which now connects over200 sites. ensuring secure and consistent access to systems and data across the organisation. The rollout of Citrix Cloud connectors has enabled Desktop as a Service (Daas), providing staff with secure, flexible access lo their desktop environments from any location. To further enhance governance and communication, the IT team implemented the OneAdvanced Meeting and Governance System for Board members streamlining processes and improving access lo key information. In terms of cybersecurity, internal staff led the delivery of Threat Management and Patch Management. supported by the deployment of Microsoft Defender for Endpoint for advanced threat protection across all devices. Additionally, a Rubrik backup solution integratad with Microsoft 365 was introduced, offering robust data protection for all staff. Looking to the future, the team has commenced a Communications Project to transition from copper to fibre connections, laying the groundwork for even faster and more reliable connectivity aGross Praxis Care locations.

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Strategic Report Partnershl Praxis Care has a number of well*stablished partnerships with housing associations. particularly in Northern Ireland. During 2024125, the organisation continued activity within sector representative groups in all jurisdictions. In 2025126 a priority will be to explore more systematic partnership working with organisations in all localities where this could be of benefit to the people we support and l or staff, this could be in the area of education, vocational training, work (paid or voluntary) andlor recreation. Research In 2024125, Praxis Care's Research Department continued to play a vital role in strengthening our evidence-based praclice. Through a combination of lileralure reviews, in-house evaluations, and commissioned studies, the team explored key issues across learning disabilitie5, autism, mental-ill health, and dementia care. Their work provides the foundation for service development, training, and innovation across the organisation. We partnered with a range of academic and sector leaders, such as, Queen's University Belfast. Ulster Universily. Maynooth University. the Impact Research Centre. Peer Advocacy in Mental Health, and the University of Technology Sydney. The department also supported several PhD researchers focused on positive behaviour support and autism interventions within frontline services. Notably. Katherine Greer. a person supported by Praxis Care, was assisted by our research team as she completed the second year of her Msc in Research Methods. Over the pasl year, the team completed evaluations of the Kaleidoscope and Plasden Court services, delivered an organisation-wide Innovation Survey, and in February led a joint workshop at Queen's University Belfast to help shape future research and service development priorities. We also contributed to a published systematic review on physical activity and bipolar disorder, and supported four staff members to present on besl practice at a national social work and social care conference. An updated review of the interventions used across Praxis Care's services confimied strong alignment with the current evidence base and highlighted opportunities forfurlher development. Looking ahead. the Research Department is actively involved in new primary research, including forensi¢ services research priority setting and coordination of a social care research group. Areas being explored for future studies include supporting staff with behaviours that challenge. Ihe role of technology in interventions, day service quality, and how artrficial intelligence may impact the future of social care. Business Plan Corporate objectives a￿ set in line with Praxis Care's vision, mission and values, taking into account the internal and external environments and risk management policy. Progress against objectives in the business plan are reviewed quarterly and revised as required. Rlsk Management Praxis Care operates a Governance Subcommittee as a vehicle for managing risk. The subcommittee oversees all governance matters within the context of the overall responsibilities of the main Board. The Risk Management Policy and Board Assurance Framework (BAF) evaluates the likelihood and severity of potential risks and the systems and controls Ihat are in place to mitigate exposure to these risks. The BAF is reviewed by the Govemance Subcommittee at every meeting with changes in the risk profile reported to the Board at every meeling. The Board is satisfied that appropriate steps are being taken to mitigate exposure to risks identified. 10

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Strategic Report Liquidity Risk A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due, regular liaison with the bank, and active management of trade debtors and credilor balances to ensure sufficient working capital. Interest Rate Risk Praxis Care finances its operations through a mixture of retained surpluses and cash tlow management. The organisation's exposure to interest fluctuations on its borrowings is managed through an annual review of its long-term borrowing requirements. Credlt Risk Praxis Care's principal financial assets are cash and debtors. The credit risk associated with cash is limited. The principal credit risk arises therefore from debtors. In order to manage credit risk the Trustees review the follow-up on outstanding debts on a regular basis. By order of the Trustees Ir Mr. K S Brundle Date.. 7 November 2025 Regist 25-31 Lisburn Road Belfast BT9 7AA red office..

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Trustees, Report The Trustees have pleasure in presenting their report and the financial statements of the Charity for the year ended 31 March 2025. 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.. Mental Health: A range of supported INing services to people experiencing mental ill health including home response domiciliary care and accommodation and support. During the year. Praxis Care has provided accommodation and support to approximately 523 individuals. Learning Disabilities: Supporting adults and children with a learning disability to live in appropriate community settings, through offering a holistic range of care and diversional activity. Praxis Care specialises in services for adults and children who have complex needs, including challenging behaviours. which could not normally be met outside a hospital or institutional setting. These services include a range of residential and supported living services and the provision of work and training opporlunities. During the year Praxis Care has provided services to approximately 731 people. Autism: A wide range of dedicated support services to people with autism and their families. Praxis Care understands that autism affects every individual differently and influences how a person communicates and relates to other people Praxis Care is committed to understanding each individual and the unique complexities which surround their diagnosis in order to provide bespoke accommodation and support personalised to their needs. Elderly Services: Supported living services for older people, including people with dementia. This model of support enables people to maintain their independence within the living environment of their choice as well as supporting family and primary caregivers. Praxis Care provided support to over 192 elderty people during the year. Services provided within these main programmes of care include: Accommodation and Support.. Praxis offers a variety of accommodation models, including residential care homes, group living, residential flat clusters, dispersed intensively supported housing (DISH), and other housing and support options. These services provide individuals with the opportunity to live in community setting that best meets their unique need5. This includes residential care for children with learning disabilities or autism. whose families may not be able to provide full-time care at home. Home Response l Domiciliary Care: Praxis Care delivers several hundred hours of home response support each week, offering a vital connection to the outside world for those we support. These services play a key role in reducing feelings of isolation, which Can often intensify mental health challenges. Our staff provide practical assistance with home management and daily living tasks, alongside emotional and social support. They also help monitor both physical and mental wellbeing. and when needed, can assist with personal care tasks. Workskills l Day Acttvity.. Praxis Care believes that every individual has the right to meaningful daily activities. To support this, we have developed a wide range of diversional and educational programs that cater to diverse needs and enhance quality of life. These activities empower individuals to actively participate in and contribute to their local communities. fostering greater integration and inclusion. 12

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Trustees, Report Short Breaks: Praxis Care provides short breaks for individuals living in family homes, offering them a chance to experience a different environment. These breaks promote independence. social interaction, and new experiences, while giving carers the opportunity to recharge. Short breaks are available in residenlial settings or the individual's own home. Floating Support: Floating Support services offer flexible, short-term (up to trwo years) housing-related support, designed to help individuals maintain independence while living in their own homes. This seNice follows the individual, even if they move. as long as they remain within the catchment area. Carers, Advocacy: In partnership with the Belfast Health and Social Care Trust, we support carers of individuals with mental ill health in Belfast and surrounding areas. The service provides access to community mental health teams, prompt support, access to support groups, participation in residential short breaks, and signposting to other community services. Volunteer Befriending: Praxis Care operates a number of volunteer befriending services with over 80 matched friendships and 10 volunteers in other roles. The Mental Health Befriending Service provides practical and emotional support for individuals at risk of menlal illness, encourages social interaction, and supports personal development wtthin the community. The Young People Befriending Service supports vulnerable young people leaving care. offering emotional and practical assistance, fostering personal interests, and monitoring their wellbeing. Volunteers also support various activities, including gardening, group events, arts and crafts, and virtual initiatives. In 2024125, we arranged 33 Corporate Volunteer Days in collaboration with local groups and businesses. 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 Memorandum and Articles of Association. The company has charitable tax status with HM Revenue & Customs (reference number.. XN80842) and is registered with The Charity Commission for Northern Ireland (NIC103672). Praxis Care is also registered with The Charities Regulator {Ireland- RCN 201009191 and as a charity in the Isle of Man (Charity No 826) and as an external companies with Companies Registration Office Ireland and a Foreign Company in IS￿ of Man Praxis Care operates according to the Principles outlined in The Code of Good Governance and. as part of its annual report to the Charities Regulator (Ireland), has confirmed compliance with the Charities Governance Code. In 2023, the Trustees commissioned an external review of board govemance and the report and its recommendations were accepted by the Board in March 2024. The recommendations from the review have been implemented lo improve systems and processes and ensure compliance with all statutory and regulatory requirements. An external review of governance will be undertaken every 3 years. Recruitment and A ointment of Board Members There is an approved policy and procedure for the recruttment, selection and appointment of new board members outlining the steps taken to ensure good governance. This is overseen by the Nominations and Governance Subcommittee. As part of the recruilment process, potential Trustees may be invited lo attend board meetings as an observer before formal appointment at the AGM. 13

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Trustees, Report Board Members, Temis of Office A fomial Temis of Office policy ensures a balance between continuity and renewal. Board members serve for an initial period of 3 years, with an option to serve a further 2 periods of 3 years. The Nominations and Govemance Subcommittee oversees this to ensure the Board has the necessary skills and experience through a skills audit and succession plan Board members meet with members of the Nominations and Governance Subcommittee annually to review their position and contribution and provide feedback on their experience. Board Member Induction and Trainin New board members have an initial meeting wilh the Chair of the Board and the Chief Executive and are briefed on a range of issues to provide a full introduction to the organisalion, governance, ils decision making process, its strategic and business plans and its recent financial perfomiance. Induction training will be provided by the Chief Executive's office on the roles. responsibilities and legal obligations as Company Directors and Charity Trustees and also Praxis Care specific information Conflict of Interest Board Members are required to complete a Conflict of Interest Form on appointment. This is held on file by the Executive Office and is updated annually with members also required to advise of any conflict that may arise in the intervening period. 'Conflicl of Interest. is a standing item on the agenda for all Board and Subcommittee meetings with any declaration and how it is managed formally recorded. anisational Structu Praxis Care Group Praxis Care Group comprises Praxis Care,. The Northern Ireland Agoraphobia and Anxiety Society., and Challenge, A Northern Ireland Charity for People with Learning Disabilities Limited. Praxis Care Limited is the parent company and the Board is Praxis Care are responsible for the Group's overall strategic direction. The Praxis Care Board operates as detailed in its goveming document. its Memorandum and Articles of Association. The day-lo-day operations are delegated to the Chief Executive and the Senior Leadership Team. The Board has established a number of Subcommittees to support in the areas below: The Finance Subcommittee meets bi-monthly and is responsible for overseeing and obtaining assurances relating to all financial matters relating to the organisation, ensuring its financial sustainability and compliance with applicable regulations. Membership: Christian Mcmanus (chair), Jacinta Walsh, Chris Scott. The Governance Subcommlttee meets bi-monthly to oversee all governance matters relating to the organisation including IT and Health and Safety. This subcommittee was stood down following the governance review and the responsibilities were subsumed by 3 new Subcommittees namely Nominations and Governance and the Resources Subcommittee in January 2025 and the Audit and Risk Subcommittee in April 2025. Membership: Oswyn Paulin (chair), Mike Dawson. Brendan Mullen. The Property Subcommittee rneets bi-monthly and is responsible in overseeing the strategy, development, and management of all Praxis Cafe properties and to obtain objective assurances. Mombership: Tim Hopkins (chair), Stewart Harrington. 14

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Trustees. Report The Resources Subcommittee (formerly HRIL&D until November 2024) meels bi-monthly and is responsible for obtaining objective assurances on the topics of HR, Learning & Development, IT. Health and Safety. Membership: Mike Dawson (chair). Mary Mccolgan The Care and Quality Subcommittee (formerly Care and Development until 20251 meets bi- monthly and has the responsibility of overseeing and obtaining assurances relating to development and quality assessment of Care Services across all jurisdictions Membership: John M¢Gregor {chalr), Alyson Dunn. Brendan Mullen The Nominations & Governance Subcommittee {formerly Nomlnations Subcommittee until December 2024) meets quarterly. to review the structure, size, and composition (including the skills. knowledge, experience, and diversity) of the Board and its Subcommittees and make recommendations to the Board about any necessary changes. Membership: Ken Brundle (chair), Oswyn Paulin, Jacinta Walsh The Research and Innovation Subcommittee, meets to facilitate the development of new and innovative evidence-based social care and support services, interventions and training through the dissemination of research and knowledge. Membershlp: Jason Rance{chair), Nevin Ringland Ihile various responsibilities have been delegated by the Board to the Subcommittees, each Subcommittee remains accountable to the Board. Each Subcommittee comprises at least Non- Executive or independent Members, who work in partnership with the Senior Leadership Team and other relevant staff, to discharge the responsibilities of the Subcommittee. Non-Executive and independent Members appointed by the Board to each Subcommittee are independent of management and free ofany business or other relationship which could materially interfere with the exercise of independent judgement in this area. Trustea Attendance at Board Meetings, 2024125 Trustee Meetings attended Outofa possible Ken Brundle Oswyn Paulin Alyson Dunn John McGregor Ambrose McLoughlin Mike Dawson John Melvin Noreen Roche Jacinta Walsh Mary Mccolgan Tim Hopkins Jason Rance Stewart Harrington Christian Mcmanus 15

PRAXIS CARE (COMPANY LIMITED BY GUARANTEEI Trustees, Report The principal activities of each of the various charities within the group are set out below: P￿xiS Care The charity's principal activity during the year was the provision of support services for adults and children with a learninglintellectual disability, autism, mental ill health, and for older people, including people with dementia. The Northem Ireland Agoraphobia and Anxiety Soci8ty The charity's principal activity was the provision oftherapy for those suffering from anxiety and depression. Praxis Care withdrew from the provision of counselling services at the end of September 2021 and has no future plans to recommence these activities. Challenge a Northem Ireland Charity for People with Learning Disabilities The charity's principal activity during the year was provision of day activity services to people with learning disabilities through employment in cookie companies, garden nurseries and similar Irading enterprises. 16

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Trustees, Report Investment Powers and Restrictions Under the Memorandum and Articles of Association, the charity 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 conditions and such consents as may for the time being. be imposed or required by law and the charity's Governing Document. Reserves The charity maintains free reserves to safeguard the continuity of our services and to manage short-tem financial shocks (for example, payment delays from commissioners, retendering gaps, or unforeseen service failures) without disrupling care or payroll. Free reserves are defined as unrestricted funds excluding.. (i) operational properties. {ii) restricted funds. and {iii) any amounts formally designated by the Board for specific, time-bound purposes. Having assessed our risk profile, income timing. notice periods and wind-down obligations, the Board has set a target range of 10-12 weeks of underlying operating expenditure (pre-depreciation), with a central target of 11 weeks. Based on the latest budgeted costs (three months, expenditure of £14.4m, equivalent to (£1.3m per week), this implies a cenlral free-reserves target of £14.4m, within a range of £13.1m- £15.8m. The Board has also set targeted guardrails.. a floor of 8 weeks (£10.5m) and a ceiling review at 14 weeks (£18.4m), at which point the Board will consider deploying surplus funds to support service sustainability and priority investments or to mitigate future income needs. Designated funds equal £18.072,700 and relate to the net monies invested in the organisation's operational properties. Golng Concern The financial statements have been prepared on a going concern basis which assumes 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 2025 the group had net incoming funds of £2,048,012 (2024 - £2,303,350)) with overall net assets of £25.505,162 (2024 £23,457,150). The Trustees continualty monitor 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. Praxis Care continues to provide financial support to two 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 to do so. The charity is in ongoing discussions with one of its funding providers, Supporting People, in connection with the level of reserves held in respect of Supporting 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 going concern. Post Balance Sheet Events There have been no post balance sheet events to date. 17

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Trustees, Report The Trustees The Trustees who served the Charty during the period were as follows.. Mr K S Brundle- Chair Prof Mary Mccolgan - Vice Chair (appointed * October 2024) Mr O Paulin Mr J McGregor- Vice Chair (until 3rd October 2024) Mr M Dawson Mrs A Dunn Mr T Hopkins Dr P McLoughlin (resigned 22 April 2024) Mr J Melvin {resigned 3 October 2024) Mrs N Roche (resigned 3 October 2024) Mrs Jacinta Walsh Mr J Rance (resigned 3 October 2024) Mr Stewart Harrington (appointed 3 October 2024) Mr Christian Mcmanus (appointed 3 October 2024) Responsibilities of the Trustees Company law requires the Trustees to prepare financial statements 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 outgoing resources for the year then ended. In preparing financial statements, the Trustees are required to select suitable accounting policies and then apply them consistently, making judgements and estimates that are reasonable and prudenl. The Trustees must also prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue its activities. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which enable them to ensure that the financial statements comply with United Kingdom Generally Accepted Accounting Practice, 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 Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. The Trustees are responsible 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 dissemination of the financial statements may differ from legislation in other jurisdictions. Statement of disclosure to auditors In so far as the Trustees are aware: There is no relevant audit information 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 informatK•n and to establish that the auditors are aware of that information. Signed on ehalf o Bifard Chair Mr. K S Brundle Date: 7 November 2025 Registered Office: 25-31 Lisburn Road, Belfast, BT9 7AA 18

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Independent Auditor's Report to the Members of Praxis Care We have audited the financial statements of Praxis Care (the 'Parent Charity,) and its subsidiaries {"the Group'l for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities. the Consolidated Balance Sheet, the Praxis Care Balance Sheet. the Consolidated Statement of Cash Flows and the notes to the financial statements, including a summary of signtficant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the Group's and of the Parent charitable company's affair5 as at 31 March 2025 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 requirements of the Companies Act 2006. Basis for oplnion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audil of the financial statements section of our report. We are independent of the Charity in accordance wtth the ethical requirements that are relevant to our audit of the financial ststements in the UK, including ihe FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan￿ with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going Concern In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements ts appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or colleclively. may cast significant doubt on the Group or Parent Charity's ability to continue as a going concern for a period of at least Iwelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities ol the trustees with respect to going concern are described in Ihe relevant sections of this report. Other information The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicilly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statement5. our responsibilty is to read the other infomiation and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether there is a material misstatement in the financial statements 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 information, we are required to report that fact. We have nothing to report in this regard. 19

PRAXIS CARE ICOMPANY LIMITED BY GUARANTEEI Independent Auditor's Report to the Members of Praxis Care Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit.. The information given in the Trustees, Report and Strategic Report for the financial year for which the financial statemenls are prepared is consistent with the financial statements,. and The Trustees, Report & Strategic Report have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course ofthe audit, we have not identified material misstatements in the Trustees, Report & Strategic Report. We have nothing to report in respect of the following matters in relation to which the Companies 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 Charty's financial statemenls are not in agreement with the accounting records and returns., or certain disclosures of Trustees, remLFneration specified by law are not made- or we have not received all the information and explanations we require for our audit. Responslbllities of Trustees As explained more fully in the Statement of Trustees, Responsibilities, the Trustees,, who are 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 gNe a true and fair view, 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 statements, the Trustees are responsible for assessing the Group's and the Parent Charity's ability to continue as a going concern, disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unless the Truslees either intend to liquidate the Group or Parent Charity or to cease operations, or have no realistic alternative but to do so. Auditor's ￿sponSibl11t1eS 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 malerial misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when il 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. Irregularities. including fraud, are instances of non-compliance with laws and regUlat￿n$. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Extent to which the audit was considered capable of detecting irregularities. including fraud The objectives ofour audit in respect offraud, are.. to identify and assess the risks of material misststement of the financial statements due to fraud., to obtain sufficient appropriate audit evidence regarding the assessed risks of material misststement 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. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the Group and Parent charitable company. 20

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Independent Auditor's Report to the Members of Praxis Care The objectives of our audit in respect offraud, are-, to identify and assess the risks of material misstatement of the financial statements due to fraud-, to obtain sufficient appropriate audtt evidence regarding the assessed risks 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. However, the primary responsibility for the prevention and detection of fraud rests with both managemenl and those charged with governance of the charitable company. Based on our understanding of the Group and Parent charitable company and their operating environment. we detemiined that the most significant frameworks which have a direct impact on the preparation 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 Companies Act 2006). Additionally. we concluded that there are significant laws and regulalions in relation to the Group and Parent company's charitable ststus and activities of which non-compliance may have a material effect on the financial statements. We assessed the susceptibility of the charitable company's financial statements to material misstatement, including how fraud might occur, including evaluating management's incentives and opportunitses to manage eamings or influence the reported results. From Ihe results of our assessment, we determined that the principal risks of fraud relate to posting inappropriate journal entrie5 and use of charity funds for purposes outside of restrictions imposed by the donor. In common with all audits under ISAS {UK), we are required to perform specific procedures to respond to the risk of management override. Audit response to risks Identlfied As part of an audit in accordance with ISAS {UK) we exercise professional judgement and maintain professional skepticism throughout the audrt. Audit procedures 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 audit procedures that are appropriate in the circumstance5, but not for the purposes of expressing an opinion on the effectiveness of the charitable company's internal control. We obtained an understanding of how the Group and Parent charitable company complies with relevant laws and regulations, including those as a result of its registration with Ihe Charity Commission for Northern Ireland and charilable slatus with HM Revenue & Customs, by making enquirie5 of management and those charged with governance. Enquiry of management. those charged with governance and the entity's solicitors around actual and potential litigation and claims. Enquiry of entity staff to identify any instances of non-compliance with laws and regulations. Perfomiing analytical procedures to identify any unusual or unexpected relationships thal may indicate risks of material misstatement due to fraud Reviewing minutes of meetings of those charged with govemance Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Auditing the risk of management override of controls. including through testing journal enlries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions that are unusual or outside the normal course of business. We cornrnunicated 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 throughout the audit. There are inherent limitations in the audit procedures describe(l above and the further removed non-compliance with laws and ￿gUlationS is from the events and transactions reflected in the financial statements. the less likely we would become aware of it. Also, the risk of not delecling a material misstatement 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 omissions. misrepresentations or the override of internal control. 21

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Independent Auditor's Report to the Members of Praxis Care A further description of our responsibilities is available on the Financial Reporting Council's website at: https.'Ilwww.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the Parent charitable company's 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 them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Parent charitable company and its members as a body, for our audit work, for this reporL or for the opinions we have formed. Bradley (Senior Statutory Auditor) For and on behalf of Moore (Nl) LLP Chartered Accountants Statutory Auditor 13 November 2025 4th Floor Donegall House 7 Donegall Square North Belfast BT1 5GB 21

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Consolidated Statement of Financial Activities (incorporating the Income and Expenditure Account) for the year ended 31 March 2025 Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Note Income Donations and legacies Income from Investments 12,910 150,866 12,910 150,866 50,627 33,082 50,627 33,082 Income from charitable activities 67,100,406 4.476,326 71,576,732 64,777,201 4,529,681 69.306,882 Other income 139,356 139,356 34,372 34,372 Total Income 67.403.538 4.478 326 71,879,864 64.895 282 4 529,681 69.424 963 Expendlture Charitable activities 64,685,261 4.706,572 69.391,833 62,340,548 4,784.461 67.125,009 Total Expenditure 64,685,261 4,706.572 69.391 833 62.340,458 4.784.461 67 125 009 Profit l (loss) on disposal of fixed assets {91.422) (91.422) 2.304 2,304 Net Income 2,626.854 {230,246) 2,396,609 2,557,038 {254,780) 2,302,258 Other recognized gainsl{losses): Impairment of Fixed Assets Unrealized gainl(loss) on investments Unrealized foreign exchange gain 10 (350.000) (350,000 11 1.404 1,404 1.092 1,092 Net movement in funds before transfers 2,278.258 (230.246) 2.048,012 2.558.130 (254.780) 2.303,350 Transfer between funds {230.246) (230.246) (254.780) 254.780 Total funds brought fO￿ard 16117 23,457,150 23 457 150 21,153,800 21,153 800 Total fund8 carried forward 25 505,162 25,505 162 23,457 150 23,457,150 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 to 39 form part of these financial statements and should be read in conjunction therewith. The company has elected, in accordance wilh s 408 CA 2006, not lo include the company's individual Ststement of Financial Activities. The amount of profit in the financial statements of Ihe charitable company was £2,057.231 23

PRAXIS CARE {COMPANY LIMITED BY GUARANTEE) Praxis Care Balance Sheet as at 31 March 2025 2024 2024 Note 2025 2025 Flxed Assets Tangible fixed assets Investments 10 11 23,842,926 5,984 24.171.628 23,848,910 24,176.209 Current Assets Debtors Inventory Cash at bank and in hand 12 6.983,701 13,466 11.398,576 18,395,743 5,518.973 9,994,200 15,513,173 Credltors: Amounts falling due wlthin one year 13 8 217 560 7.955,139 Net current assets 10 178,183 7,558,034 Total assets less current liabilities 34,027,093 31,734.243 Creditors: Amounts falling due after more than one year 14 7 947 243 7 711 623 Total Net assets 26,079,851 24,022,620 Funds Restricted income funds Unrestricted income funds Total Funds 26,079,851 26,079,851 24,022,620 24,022,620 These financial statements were approved by the Board of Trustees and are signed on their behalf by: Trustee Mr.OGPau Mr. K S Brundle 7 November 2025 Company Registration No. N1017623 The notes on page5 26 to 39 form part of these financial statements and should be read in conjunGtion therewith. 24

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Consolidated Balance sheet as at 31 March 2026 Note 2025 2025 2024 2024 Fixed Assets Tangible fixed assets Investments 10 11 24,201,577 5,984 24.532,805 24,207,561 Current Assets 24.537,386 Debtors Inventory Cash at bank and in hand 12 6,000,886 13,466 11,448,076 17,462,429 4,546,807 10 039,719 14.586,526 Creditors.. Amounts falllng due within one year 13 8,217,585 7 955,139 Net current assets 9,244.844 6,631,387 Total assets less current Ilabillties 33.452,405 31,168,773 Creditors: Amounts falllng due after more than one year 14 7 947 243 7 711623 Net assets 25 505 162 23457 150 Funds Restricted income funds Unrestricted income funds Total Funds 16 17 18 25,505,162 25,505,162 23,457,150 23,457.150 These financial statements were approved by the Board of Trustees and are signed on their behalf by: Ch Ir Mr. K S Brundle Trust Mr. O Paulin 7 November 2025 Company Registration No. N1017623 The notes on pages 26 to 39 form part of these financial statements and should be read in conjunction therewith. 25

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Consolidated Statement of Cash Flows for the year ended 31 March 2025 2025 2025 2024 2024 Cash flows from operating activities Net incoming resources Adjuslments for.. Interest received Interest paid {Profit)Iloss on disposal of property, plant and equipment Depreciation of property. plant and equipment Impairment of Freehold Property Unrealised (gain)noss on inveslmenls Decreasel{increase) in trade and other receivables Decreasel{increase) in Inventory In¢reasel{decrease) in trade payables Cash from operations Interest paid Net cash generated from operating activities 2,048,012 2,303,350 (150,866) 634,882 91,422 (33,082) 607,923 59.795 1,694,398 1,716,252 350,000 (1,404) (1.092) (1,454,079) 593,266 (13,466) (402,885) (260.302) 2.796,013 (634,882) 4,986,110 (607,923) 2,161,131 4,378,187 Cash flows from investing activities Proceeds from sale of property, plant and equipment Purchase of property. plant and equipment Interest received Net cash used in investlng activities 1.153,444 779.040 {2,958,035) (1.932,009) 150,866 33,082 (1,653,724) (1.119,887) Cash flows from financing activities Issue of bank loans Repayment of bank loans Net cash fmrn Investlng actlvitles 1,737,400 (836,4501 (221.575) (900,9501 (221,575) Net Increasel(decrease) In cash and cash equivalents Cash and cash equivalents at the beginning of year 1,408,357 3,036,725 10,039,719 7,002,994 Cash and cash equlvalents at end of year 11,448,076 10,039,719 The notes on pages 26 to 39 form part of these financial statements and should be read in conjuncts.on therewith. 26

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Consolidated Statement of Cash Flows for the year ended 31 March 2025 2025 2024 Reconciliation of net cash flow movement to movement in net funds Increasel(decrease) in cash in the period Cash (inflowsjlouffiow from bank loans Reduction in long term debt 1,408.357 {900,950) 3.036,725 221,575 Change in net funds Net funds at 1 April 2024 507,407 1,921,718 3,258,300 (1,336,582) Net funds at 31 March 2025 2,429,125 1,921,718 Analysis of changes in net funds At1 April 2024 Non-cash flows At31 March 2025 Cash flows Cash in hand and at bank 10,039,719 1,408.357 11,448,076 Debt due within one year Debt due after one year (442.227) 7,675,774 (635.750) (265.201) (1,077,977) 7 940,975 1.921,718 507,406 2,429.125 The notes on pages 26 to 39 form part of these financial statements and should be read in conjunction therewith. 27

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Notes to the financial ststements for the year ended 31 March 2025 1. Accounting Policies The principal accounting policies are set out below. Company I Charlty Inforniation Praxis Care is a company limited by guarantee incorporated in Northern Ireland and registered with the Charity Commission for Northern Ireland. The registered office is 25-31 Lisburn Road, Belfast, BT9 7AA. Basis of accountlng The financial statements have been prepared in accordance with the Memorandum and Articles of Association, the Companies Acl 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). las amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. He Charity has taken advantage of the exemption in section 408 of the Companies Acl from presenting its individual Profit & Loss account. Going Concern The financial statements have been prepared on a going concern basis which assumes 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 2025 the group had net incoming funds of £2,048,012 12024 £2.303,350) with overall net assels of £25,505,162 (2024- £23.457,150)}. The Trustees continually monitor 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 financial support to t￿0 of its wholly owned subsidiary undertakings. The Northem Ireland Agoraphobia and Anxiety Society and Challenge. Both of Ihese 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 to do so. In addition. the charity is currentty in discussions with one of its funding providers, Supporting People, in connection with the level of reserves held in respect of Supporting 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 going concern. Consolidation In the opinion of the Board of Trustees, the charity and its subsidiary undertakings comprise a large group. The charity has therefore prepared these consolidated group accounts. Incoming resources Income is recognised 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 has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recogni5ed on rKeipt or otherwise rf the charity has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy 28

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Notes to the financial statements for the year ended 31 March 2025 is treated as a contingent asset. 1. Accounting policies (continued) Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where cosls cannot be directly attributed to particular headings they have been allocated lo actrvities on a basis consistent with use of resources. Stsff costs and overhead expenses are allocated to activities on the basis of staff time spent on those activities. Cost of generating 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 activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to supply them. Governance costs Governance costs include those incurred in the governance of its assets which are associated with constitutional and statutory requirements. Support costs Support costs include central functions and are allocated to activity cost categories on a basis consistent with the use of resources. Taxation Praxis Care is a registered charity with HMRC and is entitled to certain tax exempt income and profits from investments in furtherance of the charity's primary objectives, if these surpluses are applied solely for charitable purposes. Flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful INes on the following bases: Freehold Property - Office Equipment- Fixtures & Fittings - Motor Vehicles - Accommodation Furnishings - 20k straight line 20Yo Straight line 20 % straight line 200/0 Straight line 200/0 Straight line The charity's policy is to capitalise all fixed asset additions costing more than £500. The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds and the carrying value of the asset, and is recognised in net incomel (expenditure) for the year. Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indicalion that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impaimient loss (if any). 29

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Notes to the financial statements for the year ended 31 March 2025 1. Accounting policies (continued) Investment assets and income Fixed asset investments are initialty measured at transaction price excluding transaction costs. and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomel (expenditure) for the year. Transaction costs are expensed as incurred. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts a￿ shown within borrowings in current liabilities. Penslon costs 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. Reserves Praxis Care aspires to retaining a level of reserves which matches the needs of the organisation at the current time and in the foreseeable future. A policy has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets I'lhe free reserves,) held by the Charity should be £8m. This target includes £3m to cover potential loss of business (assumes 20 % of contracts are losl with associated spend continuing for 3 months). £1.5m to cover capitsl expenditure, £0.75m to cover costs associated with service closures and £2.75m forworking capitsl requirements Baslc flnancial assets Basic financial assets. 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 arrangement constitules a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing 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 within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interesl rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabililies if payment i8 due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 30

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Notes to the financial statements for the year ended 31 March 2025 1. Accounting policies (continued) Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when Ihe charity is demonstrably committed to terminate the employment of an employee or to provide terminatjon benefits. Funds The Charity has different types of funds for which it is responsible, and which require 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 within the overall aims of the Charity. Deficits on restricted funds are met by a transfer of an equivalent amount from unrestricted funds. b) Unrestricted funds= Funds which are expendable at the discretion of the Board in the furtherance of the objects of the Charity. In addition. funds may be held in order to finance capilal investment and working capital. c) Designated Funds-. These are a particular form of unrestricted fund. consisting of amounts which have been allocated or designated for particular purposes by the Charity. The use of such funds for their designated purpose will remain at the discretion of the Board. The Charity has designated its operalional properties as a designated fund. Related Party Transactions The charity has taken advantage of the exemption not to disclose related paty transactions with other members of the group as group consolidated financial statements are prepared. Critical accounting estimates and judgements In the application of the charity's accounting policies. the trustees a￿ required to makejudgements, estimates and assumptions about the carrying amount of assets and liabilities Ihat are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may drffer from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 31

PRAXIS CARE (COMPANY LIMITED BY GUARANTEE) Notes to the financial statements for the year ended 31 March 2025 Donations and legacies Unrestricted Restricted funds funds 2025 2025 Total Funds 2025 Total Funds 2024 Donations 12,910 12,910 50,627 Income from Investments Unrestricted Restricted funds funds 2025 2025 Total Funds 2025 Total Funds 2024 Loan interest receivable 150.866 150.866 33,082 Other Income Unrestricted Restricted funds funds 2025 2025 Total Funds 2025 Total Funds 2024 Rental income Management Fee 116.682 22.674 116,682 22,674 13,098 21,273 139,356 139,356 34,372 32

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Net income before transfers This is stated after chargingl(crediting).' 2025 2024 Staff pension contributions Depreciation Auditors remuneration Exchange losses l (gains) 1,016,198 1,694,398 32,400 219,624 927,718 1,716,252 28,800 178,413 Staff costs and emoluments Total staff costs were as follows: 2025 2024 Wages and salaries Social security costs Other pension costs Agency fees 45,094,547 4,341,324 1,016,198 6,087,611 56,539,680 42,917.858 3,974.621 927,718 5.502,900 53,323,097 Particulars of employees.. The average number of employees during the year was as follows.. 2025 No 2024 No Operations staff Fundraising 2nd publicity staff Management and admin staff 1,588 1.600 79 86 Trustees. emoluments including benefits in kind such as payment in relation to pension totalled £NIL {2024-. £NIL). Trustees received £178 {2024: £5501 for reimbursed expenses in the year. Eleven employees received emoluments be￿een £60,000 and £70,000 (2024.. Five), one employee received emoluments between £70,000 and £80,000 (2024.. Eight); four employees received emoluments between £80,000 and £90,000 (2024. Two); no employee received emoluments be￿een £90,000 and £100,000 (2024: one)., and one employee received emoluments belween £120,000 and £130,000 (2024: One). Pension contributions made on behalf of employees earning £60,000 or more were £273,978 (2024.. £170,387). The key management personnel of the Charity includes the Board, Chief Executive, Directors of Care & Development, Director of Finance, Director of Quality & Governance, and Director of HR. The total employee benefits, including employer pension contributions, of the key management personnel of the Charity were £635,27212024.' £678,655) 35

1. Tanglble fixed assets Group tanglble flxed assets Freehold Property Accom & Offlce Fixtures & Furnish Equipment Fittings Motor Vehlcles Total Cost or valuation At 1 April 2024 Additions Disposals At 31 March 2025 29,584,663 1,293,718 1,313.029 29,565,352 1,249,878 2,754,668 3,004,070 2,616,509 39,209,788 24,466 203,764 997.370 438,717 2,958,035 293,303 25,254 175,171 113,101 1,919,858 981,040 2,933,178 3,826,270 2,942,125 40,247,965 Depreclatlon At 1 April 2024 Disposal Charge for the year At 31 March 2025 8,188,624 862,739 2,296,260 1,740,284 1,533,854 14,621,761 (186,298) (231,826) (24,561) (140,957) (91,350) (674,991) 547,997 103.555 125,915 461,479 455,452 1,694,398 8,550,323 734,468 2,397,614 2,060,806 1,897,956 15,641,167 Impairment 31 March 2024 Impairment 31 March 2025 36.951 36,951 1,579 1,579 12,257 12,257 4,435 4,435 55,222 405,222 350,000 Net book value At 31 March 2025 20,665,029 209,621 533,986 1,753,207 1,039.734 24.201,577 At 31 March 2024 21,396,039 350,188 456,829 1,251,529 1.078.220 24,532,805 Praxis Care tanglble flxed assèts Freehold Property Accom & Offlce Flxtures & Furnish Equipment Flttings Motor Vehicles Total Cost or valuation At 1 April 2024 Additions Disposals At 31 March 2025 29,230,563 1,293,818 1,313,029 29,211,352 1.236,878 2,754,292 3,004,070 2,616,509 38,842,312 24,466 203.764 997,370 438,717 2,958,135 293,303 25,254 175,171 113,101 1,919,858 968,040 2,932,802 3,826,270 2,942,125 39,880,589 Depreciation At 1 April 2024 Disposal Charge for the year At 31 March 2025 8,188,624 856,816 2,295,884 1,740,284 1.533,854 14,615,462 (186,298) (231,826) (24,561) (140,957) (91,350) (674,991) 547,997 101,128 125,915 461,479 455,452 1,691.971 8,550,323 726.118 2,397,238 2,060,806 1,897,956 15,632,442 Impairment 31 March 2024 Impairment 31 March 2025 36,951 36,951 1,579 1,579 12,257 12,257 4.435 4,435 55,222 405,222 350,000 Net book value At 31 March 2025 20,311,029 204,971 533,986 1,753,207 1,039,734 23,842,926 At 31 March 2024 21,041,939 343,111 456,829 1.251,529 1,078,220 24,171.628 IO. Tangible fixed assets Icontinued) Fixed assets were reviewed for indicators of impairment at the year-end, the result is an impairment charge of £nil during the year.

Valuations were obtained for a sample of freehold properties in August 2018 by PM McGibbon & Co. Chartered Valuation Surveyors. These valuations have been prepared in accordance with the RICS statements 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 2024 as the valuations support the Trustees, opinion that the current existing use value is higher than the market value. All properties will be subjected to a full professional revaluation on 31 March 2024 in line with group policy on cyclical valuations. In respect of assets stated at valuations, the comparable historical cost and depreciation values are as follows: 2025 2024 Net book value at end of year 4,985,448 5,089,312 Historical cost of assets revalued Aggregate depreciation on revalued assets Net historical cost value at 31 March 2025 3,600,000 147,790 3,452,210 3,600,000 75,790 3,524,210 11. Investments ovement in market value 2025 2024 Market value at 1 April 2024 Net gainl{loss) on revaluations in the year Market value at 31 March 2025 4,581 1,404 5,984 3,077 1,092 4.581 Historical cost at 31 March 2025 1,008 1,008 Analysis of investments at 31 March 2025 between funds Unrestricted Restricted funds funds 2025 2025 Total Funds 2025 Total Funds 2024 Listed investments -UK quoted shares 5,984 5,984 There were no additions or disposals of investments during the year. The movement in net book value represents an unrealised profit in market value. None of the investments held by the organisation relate to the Charity's programmes of care. 12. Debtors Group 2025 Praxis Care 2025 2024 2024 Trade debtors Amounts owed by group undertakings Amounts owed by Praxis Housing Association Other debtors 2,723,547 2,962,385 2,723,547 2,962,385 982,815 972,166 209,529 3,067.810 1,463,523 6,000,886 4,546.807 120,899 209,529 120,899 3,067,810 1,463,523 6,983,701 5,518,973

1. Creditors: Amounts falling due within one year Group Praxis Care 2025 2024 2025 2024 Bank loans and overdrafts Trade creditors Social security costs Other creditors Accruals and deferred income 1,077.977 1,275.467 889,639 1,263,957 3,710,545 8,217.585 442,228 1,140,938 887,520 1.208,789 4,275,664 7,955,139 1,077,977 1,275.467 889,639 1.094,170 3,880,332 8,217,585 442,228 1,140,938 887,520 1,208,789 4,275,664 7,955,139 Within the above accruals and deferred income figures the following liabilities relate to deferred income. Due to the complex nature of some of the schemes, Praxis Care can receive, from the commissioning body, monies in advance to ensure a smooth service transition. This deferred income is released over the period of the service provision. Group 2025 437,545 437,545 Praxls Care 2025 607.232 520,493 607 232 520.493 2024 520,493 520,493 2024 Deferred income In addition. the following liabilities disclosed under creditors falling due within one year are secured by the Charity= Group 2025 Praxis Care 2025 2024 2024 Banks loans and overdrafts 1,077,977 442,228 1077,977 442,228 The bank borrowings are secured by way of fixed charges and debentures over the propety and assets of the company including first fixed charges over 36 properties in Northern Ireland, 10 properties in ROI, and 23 properties in England.

2. Creditors: Amounts falling due after more than one year Group Praxis Care 2025 2024 2025 2024 Bank loans and overdrafts Other creditors 7,940,975 7,675.773 6,268 35.850 7 947 243 7,711,623 7,940,975 7.675,773 6,268 35.850 7 947,243 7,711,623 The following liabilities disclosed under creditors falling due after more than one year are secured by the Charity-. Group 2025 Praxis Care 2025 2024 2024 Banks loans and overdrafts 7,940.975 7.675,733 7,940,975 7.675,773 Bank loans outstanding at the year-end include instalments due after more than five years of £2,903,272.

3. Pensions Praxis Care operates a number of defined contribution pension schemes including, as from 1 January 2014, an auto-enrolment contributory pension scheme for those staff who had not previously opted to join a pension scheme. The employer contribution rates on these schemes vary be￿een 3 % and 23.50/0, depending on employees. contractual entitlements and options.
4. Restricted income funds Group Balance at 1 April 2024 Incoming resources Outgoing resources Transfers Balance at 31 March 2025 Supporting People l Floating Support NIHE 4.476.326 (4.706,5721 4,476,326 14,706,572) 230,246 230,246 Parent Balance at 1 April 2024 Incoming resources Outgoing resources Transfers Balance at 31 March 2025 Supporting People l Floating Support NIHE 4,476,326 (4,706,572) 4,476,326 (4,706,572) 230,246 230,246
5. Unrestrlcted Income funds Group Asat 1 April 2024 Incoming resources Outgoing resources Gains & Losses At31 March 2025 Transfers Fixed asset fund General fund 18,103,710 5,353,440 (31,010) 18.072,700 (65,035,261) (90,018) (199.236) 7,432,462 67.403,538

23,457,150 67,403,538 (65,035,261) 190,018) (230,246) 25,505,162 Parent Asat 1 April 2024 Incoming resources Outgoing resources Gains & Losses At31 March 2025 Transfers Fixed asset fund General fund 18,103,710 5,918,910 24,022,620 (31,010) 18,072.700 (65,020,069) 190,018) (199,236) 8,007,151 165,020,069) {90,018) (230,246) 26,079,851 67,397,565 67,397,565 Designated funds equal £18,072,700 and relate to the net monies invested in the organisation's operational properties. 18. Analysis of net assets between funds Group Tangible fixed assets Net current assets Long temi Ilablllties Investments Total Restricted Funds Unrestricted Funds Total Funds 24,201,577 24.201.577 5,984 9,244,844 {7,947,243) 25,505,162 7,947,243 25,505,162 5.984 9,244.844 Parent Tangible lixed assets Net Current assets Long tenn Ilabilitles Investments Total Restricted Funds Unrestricted Funds Total Funds 23,842.926 23,842,926 5,984 5,984 10,178,183 10,178.183 (7,947,243) 26,079,851 7,947,243 26 079,851 19. Company limited by guarantee Praxis Care is a company limited by guarantee and does not have a share capital. The liability of each of its members is limited to £1. 20. Capltal commltments Capital commitments to report in relation to the 2025 year are as follows: 2025 2024 Contracted but not provided for in the financial statements 21. Other financial commitments The group is committed to other expenditure as follows, in respect of long temi maintenance contracts for the group's management information systems.. 2025 2024 Not later than one year 999,729 678,000

Later than one year and not later than five years Later than five years and not later than ten years 338,128 254,000 1337,857 932,000 22. Use of volunteers Praxis Care believes that volunteers bring a unique contribution which adds value and enhances the work of the organisation, making a difference to the lives of service users and the organisation as a whole. Volunteers also increase awareness of the organisation in the wider community. Currently the key roles carried out by volunteers are as Members ofthe Board and Board Committees and within the Praxis Care Befriending Service. Befriending 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 posikn've and supportive relats'onships which reduce isolation and alleviate loneliness. 23. Related party transactions A member of the senior management team c￿OwnS a propety which Praxis Care currently rent. 24. Subsldiary undertakings Details of Charity's subsidiary undertakings at 31 March 2025 are as follows: Name of undertaklng Country registration Northern Ireland of Proportion of Ordinary shares held by company NIA. Northern Ireland Agoraphobia and Anxiety Society Challenge a Northern Ireland Charity for People wtth Northern Ireland Leaming Disabilities NIA" Yhese companies are subsidiaries through shared control rather than shares owned due to all parties having the same trustees