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.
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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.
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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

10. 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

13. 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.

14. 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.
15. 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.
16. 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
17. 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