Extra Care for Elderly People Limited
Company Limited by Guarantoe
Statement of Financlal Activitios
lincluding income and expenditure account)
Year ended 31 March 2025
2025
Unrestricted
funds Total fund• Total fund8
2024
In¢om• and •ndowm•nts
Donations and legacies
Charitable activities
other tradin9 activities
Investment income
Other income
640
3,506.374
640
3,506,374
751
3,276,460
89,444
272
5,409
3,512,428
5.409
Total Incom•
3,512.428
3.366,927
Expendlturo
Expenditure on charitable aclivitie3
Total •xp•nditur•
10 (3,579,379) (3,579,379) (3,666,257)
(3,579,379) (3,579,379) (3,666,257)
Net galnsl{losses) on Inve8tments
12
3,032
3,032
(164.832)
Not •xpondlturo and n•t movgm•nt In funds
(63.919)
(63,919) (464.162)
Reconclllation of lunds
Total funds brought fopNard
Tot•1 funds cafrlod forward
(160,003) (160.003)
304,159
(223,922) (223,9221 {160,003)
The statement of financial activities Includes all galns and losses recognised in the year.
All income and expendiiure derfve from continuing activities.
The notes on pageg 23 to 38 fonn part of these flnanclal ststement8.
20

Extra Care for Elderly People Limited
Company Limited by Guarantee
Statement of Flnanclal Posltlon
31 March 2025
2025
2024
Nots
Fixod as$ots
Tangible fixed assets
Investments
17
18
31,141
54,106
1,430,000
31,141
1,484,106
Currnnt aM•ta
Stocks
Debtors
Cash at bank and In hand
19
20
578
209.276
150,232
360,086
578
200,414
200,992
Creditors: amounts falllng du• wlthln on• y•ar
Not curront Ilabllltl•8.
22
478.223
1.659.291
118.137
1,458.299
25,807
Total as8•ts1088 curront Ilablllti
{86,996)
Crodltorn: amounts f*lllng du• aft•r mom than on• y•ar
Not Ilabllltles
23
136,926
185.810
(223,922) (160,003)
Funds of the charlty
Unrestricted funds
(223,922)
(160.003)
(223,922) (160,003)
Total ¢h•rlty lund•
These financial statements have been prepared Sn attordanrA wlth the provlslon$ appllcable to
companles subject to the 8mall companies, regimo.
These financial statements ware approved by the board of trustees and authorlsed for Issue an 11
December 2025, and ar• signed on behalf of the board by..
A Bing (Chairperson)
Trustee
The notes on page$ 23 to 38 fomi part of th•s• flnanclal statem￿ts.
21

Extra Care for Elderly People Limited
Company Llmlted by Guarantee
Statement of Cash Flows
Year ended 31 March 2025
2025
2024
Cash flows from op•ratlng actlvltlo•
Net expenditure
(63,919) (464.162)
Adjustments for
Depreciation of tangible fixed assets
Net gaIn￿{lo$S&S) on investments
Dividends, interest and rents from investments
(Xher interest recelvable and Simllar Income
Interest payable and similar charges
Galn8 on dispo$al of tanglble fixed assets
Accrued income
20,265
(3,032)
34,288
164.832
(120)
{152)
97.032
(5)
9,937
{5.409)
(60,498)
(4.718)
Changes in..
Stocks
Trade and other debtor8
Trade and other credrtors
42,498
30.428
(48,358)
(58,659) (148,432)
(8.862)
52,864
Cash g•nerated from operations
Interest paid
Interest received
(9,937)
(97.032)
152
Net cash used In operatlng aciivltle8
(68.591) (245.312)
Cash flows from Invosting actlvltlo8
DNidends, interest and rents from invegtments
Purchase of tangible assets
Proceeds from sale of tangible assets
Proceeds from sale of other investments
120
(970)
8,109
1.433,032
Net cash fronV{used in) invesb'ng activities
1.441,141
(850)
Cash flows from financlng actlvlll••
Repayments of borrowings
Net cash used in financing actr'vities
(1,209,012)
(1.209.012)
{14,490}
{14,490)
Not In¢roa8olldocreaso) in cash and cash oqulvahnts
C￿h and cash oqulval•nts at boglnnlng of y•ar
Cash and cash oqulval•nts at ond of yoar
163,538
(13,308)
150,232
(260,652)
247.346
21
(13,306)
Th• nots• on pag88 23 to 38 fom) part ol th080 financial 8fatom•nt•.
22

Extra Care for Elderly People Limited
Company Limited by Guarantea
Notes to the Financial Statements
Year ended 31 March 2025
Gen•ral inforniatlon
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is 1st Floor, Unit 11b Fenaghy Road, Galgorm, Ballymena, BT42 1HW.
Statoment of cornpllanco
These financial Statement3 have been prepared In compliance wrth FRS 102, The Financlal
Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance wrth the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charitle8
SORP (FRS 102)) and the Companies Act 2006.
Accounllng pollcl•8
Ba•1• of pr•paratlon
The financial statements have been prepared on the historrcal cost basis, a5 modffied by the
revaluation of certain financial assets and liabilities and investment prop8rtieg measured at fair
value through Income or expenditure.
The financial statementg are prepared in sterling, which i¥ the fvnctional currency of the entity.
Going conurn
The financial statements have been prepared on a golng concem basis. The Trustees have
considered thelr posits'on and have provlded further information at note 28 of these financlal
statements.
Judg•m•nts and k•y sourc•8 of ••tlmatlon unc•rtalnty
The principal accounting policies adoptad, judgementg and key 8ource8 of e8timation uncertalnty
in the preparation of the financial statement8 are as follows..
Fund a¢¢ountlng
Unrestricted funds are available for use at the discretion of the trustees to further any of the
Charity's purposes.
Designated fvnds are unrestricted funds earmarked by the trustees for particular future project or
commitrnent.
Restrided fvnds are subjected to restrictions on their expenditure declared by the donor or
through the terms ol an appeal, and fall into one of two Sub-classes: restricted income funds or
endowment lund8.
23

Extra Care for Elderly People Limited
Company Limitod by Guarantee
Notas to the Flnanclal Statements (conUnu•dJ
Year ended 31 March 2025
Accounllng polic1•8 f¢onthu
Incomlng r•8ourc68
All Incoming resources are induded in the statement of financial actlvits'es when entrtlement has
pa33ed to the charity. it i¥ probable that the economic benefits assoGiated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income=
income from donations or grants is recognised when there Is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income Is recognised when recelpt is probable and entrtlement is established.
Incame from donated goods is measured at the fair value of the goods unless this is
Impractlcal to measure reliably, In which ￿se the value Is derived from the cost to the donor
or the estimated resale value. Donated facilities and seDii¢e8 ar8 recognised in the
accounts when received rf Ihe value can be reliably measured. No amounts are included for
the contribution of general volunteera.
Income from contracts for the supply of seThice8 is recognised with the delivery of the
contracted service. Thls is classified as unrestricted funds unless therè 18 a contractual
requirement for it to be spent on a particular purpose and returned if unspent. in which case
It may be regarded as reslrlGted.
Rosourcos expendod
Expenditure is recognised on an accrual8 basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the statement of
financial activities to which it relates..
expenditur8 on raising lunds includes the cost8 of all fijndralslng activltles. •vent8,
non-charitable tradlng a¢tivitie$, and the sale of donated goods.
expendbture on Charitable activlties Sncludes all Costs incurred by a charlty In undertaklng
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charlty apportioned to charitable
activitl•8.
other expenditure Includes all expenditure that i¥ neither related to raisin9 fund8 for the
charty nor part of ts expenditure on charitable actr'vities.
All costs are allocated to expenditure categories reflecting the use of the resource. Dlrect costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
bebNeen the activities they contribute to on a reasonable, justifiable and consislent basis.
Tangibl• assets
Tangible assets are initialty recorded at cost, and subsequentty stated at C05t less any
accumulated depreclation and impalnnent losses. Any tanglble assels carrled at revalued
amounts are recorded at the frdir value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impaimient losses.
24

Extra Care for Elderly People Limited
Company Limited by Guarantse
Notes to the Financial Statements (conYnu•d)
Year ended 31 March 2025
Accounllng pollcles (Mntlnu•o3
Tanglbl• ass•ts {MnUnu•d)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and1083es, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shovm wSthln
other recognised gains and Ioss8s on tha statement of financial activities.
D•pr•¢latlon
Depreciation is calculated 30 as to write off the cost or valuation of an asset. less its rnsidual
value, over the useful economic Ilfe of that asset aj follow8..
Freehold propety
Motor vehlclei
Equipment
Office Equipm•nt & F&F
2% straight line
25Vh straight line
200h straight line
10% straight line
Investments
Unllsted equity investments are inits'ally recorded at cost, and subsequently measured at falr
value. If fair value cannot be reliably measured, assets are measured at cost less irnpairment.
Llsted Investments are measured at falr value with changes In fair value belng recognised in
income or expendlture.
Inv••tm•nt pMp•rty
Investment property is initialty recorded at cost. which indudes purchase price and any directty
attributable expenditure.
Investment propety is revalued to its fair value at each reporting date and any changes in fair
value are recogni8ed in income or expenditure,
If a reliable measure of fair value 1$ no longer available without undue cost or effort for an rtem of
investment property, il shall be transferred to tangible assets and treated a8 such until it 18
expected that fair value will be reliably measurable on an on-going basls.
Impalmi•nt of flx•d 4880ts
A revlew for indicators of impairment is carried out at each reporting date. with the recoverable
amount being estimated where such indirators exisL Where the carrying value exceeds the
recoverable amount, the asset is impalred accordingly. Prior Impalrments are also revlewed for
possible reversal at each reporting date.
25

Extra Care for Elderly People Limited
Company Limited by Guarantee
Notes to the Financial Statements Icgndnu•d)
Year ended 31 March 2025
Accounting polici•s {conthu•dJ
Impairmont of fix•d ass6ts (conllnu•dJ
For the purposes of impairnient testing, vthen it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash*enerating unit is the smallest
identifiable group of asset8 that includes th8 asset and generateg cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impaiment testing of goodwill, the goodwill acquired In a business combination is, from the
acquisition date, allocated to each of the cash-generaling units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilits'es of the charity
are assigned to those units.
stocks
Stocks are measured at Ihe lower of cost and estimated sellin9 price less costs to complete and
sell. Cost includes all costs of purchase. costs of conversion and other costs incurred in bringing
the stock to its present location and condition.
Flnanclal Instrum•nt8
A financlal asset or a financial liability Is recognlsed only when the char5ty becomes a party to the
¢ontractual provisions of the instrument.
Basic financial instruments are initialty recognised at the amount receivable or payable including
any related tran$aGtion costs.
Current assets and current Ilabilitles are Subsequentty measured at the cash or oth•r
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value rAn otherwise be measured
reliably, the Investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such inve8trnent8 are 8ub$equentty mea$ured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognlsed at falr value, unless
payment for an asset is deferred beyond nomal business temis or financed at a rate of interest
that is not a market rate, in vthich case the asset is measured at the present value of the future
payments discounted at a markat rato of interest for a similar debt in8trument.
other financial Instruments are subsequently measured at fair value. any changes
recognised in the statement of financial activities, wth the exception of hedging instruments in a
designated hed9ing relationship.
Financlal assets that are measured at cost or amortlsad cost are reviewed for objeclive evidence
of impaimient at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading In the statement of financial
activitres in which the initial gain vrns re¢ognised.
26

Extra Care for Elderly People Limited
Company Limited by Guarantee
Notes to the Flnanclal Statements (¢onthiu•rfJ
Year anded 31 March 2025
Accountlng pollci•8 (¢onllnu•dJ
Financial instruments (¢onthuodJ
For all equty Snstruments regardless of significanc•, and other financlal assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
elther assessed Individually or grouped on the basis of simllar cr8dli risk characteristics.
Any reversals of impairment are recogni5ed immediatety, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
D•fln•d contrlbutlon plan8
Contributions to defined contribution plans are recognised as an expense in the period In which
the related $ervlce Is provlded. Prepaid contributions are ￿COgnised as an a88et to the extent
that the p.repayment will lead to a reduction in future payments or a cash refund.
Iljhen contributlons are not expected to be settled wholly withln 12 months of the end of the
reporting date in which the employees render the related service, the liabilty is measured on
discounted present value ba8ls. The unwinding of the d18count18 recognl$ed as an èxpen80 In
the period in which it arises.
Llmltod by guarant••
Each of the members of the company has guaranteed to contribute to the assets of Ihe company
In the event of the Same being would up to the extent of£1.
Donatlons and l•gaci
Unrestrrcted Total Fund8 Unrestrtcted Total Funds
Funds
2025
Funds
2024
Donatlong
Donations
640
751
751
Charftabl• actlvltl
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Service income - Car•
Other Income
3,504,446
1,928
3,506,374
3,604,446
1.928
3.506.374
3,275,963
497
3,275,963
497
3,276,460
3,276,460
27

Extra Care for Elderly People Limited
Company Llmited by Guarantee
Notes to the Financial Statements (¢onllnu•d)
Year ended 31 March 2025
Oth•r tradlng actlvltl•8
Unrestrlcted Total Funds Unrestricted Total Funds
Funds
2025
Fund$
2024
Rental Income
89,444
89.444
Invo8bTr•nt In¢om•
Unrestricted Total Funds Unrestricted Total Funds
Funds
2026
Fund8
2024
Income from listed investment8
Bank interest receivable
120
152
120
152
272
272
Oth•r Incom•
UnrestriGted Totsl Funds Unrestricted Total Fund8
Funds
2025
Funds
2024
Gain on disposal of tangible fixed
assets held for charity'8 own usa
5,409
5,409
10. Expondltur• on charltabl• actlvities by actlvlty typo
ActNities
undertaken
directly Support costs
Tolal funds
2026
Total fund
2024
Provlsion ol Care
Govemance casts
2.623,323
854,570
101.486
956,056
3,477,893
101.488
3,579,379
3,626,384
39,873
2,623,323
3,666,257
11. Analy81• of Support Costs
Analysis of
support costs Total 2025 Total 2024
Staff costs
Premises
General office
Human resources
Govemance ¢o$ts
554,498
225,526
65,370
9,176
101.486
956,056
554,498
225,526
65,370
9,176
101,486
429,196
290,275
52,765
16,547
39,873
956,056
828,656

Extra Care for Elderly People Limited
Company Limited by Guarantee
Notes to the Flnancial Statements fcontlnuedj
Year ended 31 March 2025
12. N•t gainsl(loss•s) on inv•stmonts
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Gainsl(losses) on investment property
Actuarial Gainl(loss) on Pension
(70,000)
(70,000)
(94,832)
(94,832)
(164,832) (164,832)
3,032
3.032
3.032
3,032
13. Not •xpenditurn
Net expenditUfe18 Stated after char9lngl(credltlng)'.
2025
2024
Depreciation of tangible fixed assets
Gains on disposal of tangible fixed assets
20,265
(5.409)
34,288
14. Audltorn r•mun•ratlon
2025
2024
Fees payable for the audit of tha financial statements
21,480
12,500
15. 8taff co8ts
The total staff costs and employee beneffts for the reportlng perlod are analysed as follovts:
2025
2024
Wages and salarles
Social security costs
Employer contributions to pension plans
2,822,144
210,629
42,804
3,075,577
2,754,028
192,378
62,560
3,008,968
The average head count of employees during the year wa8 161 (2024.. 164). The average
number of fvlktlme equivalent employees durlng the year is analysed aB follows..
2025
2024
Care Workers
Office Staff
151
10
151
13
161
164
The number of employees whose remuneration for the year fell within the following bands. were:
2025
2024
No.
No.
£60.000 to £69,999
29

Extra Care for Elderly People Limited
Company Llmlted by Guarantee
Notes to the Financial Statements (conlinu•dJ
Year ended 31 March 2025
15. Staff ¢08ts l¢onthiu•d)
K•y Manag•m•nt Por8onn•l
Key management personnel include all person$ that have authonty and responsibility for
planning. directing and controlling the activities of the charty. The total compensation paid to key
management personnel for services provided to the charity was £74,681 {2024.'£126.716).
16. Trust•• r•mun•ratlon and •xpan809
The charlty trustees were not paid or recelved any other beneflts from employment with the
Charity in the year {2024: £nil). They were not reimbursed any travel expenses during the
year(2024'. £nil). No charty trustee received payment for professional or other services 8upplies
to the charty (2024.. £nil).
17. Tanglbl• fixod a88•ts
Freehold
Propety
Improvemen
Office
Motor Computer Equlpment
vehicles equipment
and F&F
Total
Cost
At 1 Aprll 2024
Disposals
Transfers
157,918
(150,938)
(6,980)
113,365
(15.413)
131,720
122,274
525.277
(166,351)
8.980
At 31 March 2025
97.952
131,720
129,254
358.928
D•prnclatlon
At 1 April 2024
Charge for the year
Disposals
Transfers
152.909
102,740
7,110
(150.642) (13,009)
(2,267)
120,513
6,790
95,009
6,385
471,171
20,265
(163.651)
2,267
103,641
At 31 March 2025
96.841
127,303
327.785
Carrylng amount
At 31 March 202S
1,111
4,417
25,613
31,141
At 31 March 2024
6,009
10,625
11,207
27,265
54,106
30

Extra Care for Elderly People Limited
Company Lirn iled by Guarantee
Notes to the Financial Statements (¢onllnu•dJ
Year ended 31 March 2025
18. Inv•stments
Investment
proportles
Cost or valuation
At 1 April 2024
Additions
DiJpo¥als
At 31 March 2025
1.430.000
(1,430,000)
Impalrni•nt
At 1 Aprfl 2024 and 31 March 2025
Carrylng amount
At 31 March 2025
At 31 March 2024
1,430,000
All Investm•nts shown abov• arn h•ld at valuatlon.
Inv•stmont prop•rtl••
The investment propety is included at fair value at 31st March 2025. Gains and losses arising
from change5 In fair value are recognised In the Statement of Financial Activities in the period In
¥*thich they arise. The property was listed for sale in the prior financial year and sale was agreed
In November 2023 wlth sale price of £1.5 mlllion this was revised to £1.43 million in December
2023 and this fomis the basis for determining fair value of the propety. The sale of the
investment property was completed during the year ended 31 March 2025. and the carrying
value of the Investment at year end IJ £nll.
19. stock•
2025
2024
Consumable stock
578
578
20. Dobtorn
2025
2024
Trade debtors
Prepayments and accrued income
Other debtors
4,323
20,617
184.336
54,485
6,378
139,551
209.276
200,414
31

Extra Care for Elderly People Limited
Company Limited by Guarantee
Notes to the Flnancial Statements {condnu•d)
Year 8nd8d 31 March 2025
21. Ca8h and ca8h •qulval•nts
Cash and ca$h equivalents comprise the following:
2026
2024
Cash at bank and in hand
Bank overdrafts
150,232
{13,306)
(13,306)
150,232
22. Cfodltorn: amounts falllng du• within ono y•ar
2025
2024
Bank loan$ and overdraft8
Trade credrftors
Accruals and deferred Incom•
Social security and other taxes
Other credilors
23,549
75,815
173,711
164.463
40,685
1,208.306
35,901
234,209
123,217
57,658
478,223
1,659,291
23. Credltorn: amounts falllng duo aft•r morn than one y•ar
2025
2024
Bank loans and overdrafts
Other credtlor8
15,249
121,677
136,928
52,810
133,000
185.810
24. D•ferrod Incom•
2025
2024
At 1 April 2024
Amount released to income
16,144
(16,144)
At 31 March 2025
25. P•nsions and other post retirement b•n•rts
Dofin•d contribution plans
The amount recognised in income or expendiiure as an expense in relation to defined
contribution plans was £42,804 (2024.. £62.560).
32

Extra Care for Elderly People Limited
Company Limited by Guarantee
Notes to the Flnanclal Statements (¢onUnu•¢
Year ended 31 March 2025
26. Anaty•l8 of charltablo funds
Unrnstrlctsd funds
At
1 April 2024
Gains and
At31
losses March 2025
Income Expenditure
General ftinds
(160,003) 3,512,428 (3,579,379)
3,032
(223,922)
At
1 Aprll 2023
Gains and
At31
losses March 2024
Income Expenditure
General funds
304,159
3,366,927 (3.666,257) {164,832) (160,003)
27. Anaty•l• of n•t a•sots botwo•n fund•
Unrestn'cted Totsl Funds
Fund8
2025
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Not Ilabllltlos
31,141
31,141
360,086
360,088
(478,223)
(478,223)
(136.926)
(136,928)
(223.922) (223,922)
Unrestricted Total Funds
Funds
2024
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Crediior8 greater than 1 year
N•t Ilabilitle8
54,106
54,108
1,430,000
1,430,000
200.992
200,992
{1,659,291) (1,659.291)
(185,810) (185.810)
(160,003) (160,003)
33

Extra Care for Elderly People Limited
Company Llmlt8d by Guarantee
Notes to the Flnancial Statements (¢onUftu•d)
Year 8nded 31 March 2025
28. Golng con¢•m
The charity has found it dfficult since the Covid 19 pandemic to recruit new Care Workers. As
result, the number of hours of care rt has been able to deliver has varied, placing pressure on its
free cashflows. The Health Trusts cumulative annual uplift is repeatedly below wage increase
costs causing an ever-increasing subsidy of NHS service$ by Extra C¥e. This is ants"cipated to
continu•.
The charity also a participates in a historical Defined Benefit Pension Scheme whlch has
reported an overall deficit of £3.2m as at the last valuation date 30 September 2022. These
Financial Statements recognise a liability in respect of agreed scheme d8ficii reduction
payments. There are ongoing negotiations with the Scheme at present.
In June 2022 the charty's bank decllned to renew the loan sacured on the inveslment property
Luca5 Exchange 2. The property was subsequently sold. the mortgage paid, and surplus cash
In)ect8d into the operatlonal cashflows. Thls has been used to keep the business going and as
delivered hours have increased in mid 2025 cash holdings are still criti¢al to the ongoing
operatlon.
An annual for•ca3t cashflow has bèen prepared based on approved assumption3 vthlch at
present show a long-term retum to a cash generative and cash positive position. The current
uplift and Government ta proposals imposes an uncertalnty desplte an improving business
position. The margins of the business have been restored to a normal basis for the business
which has been encouraging.
There is still a large debt overhang from the Covld and post Covid era whlch is significanlly
draining cash generated at these delivered hours and margin¥. So, vthile the business remain
cash generative and profitable, the cash constraints remain.
As a result of these matters, the Trustees believe there 18 a material uncertainty in relation to the
going concem basls adopted In the preparation of the Financlal Statements.
In response to these matters, the tru$tee$ have taken the followlng acllons:
We have completed on the sale of the Investment Property Lucas Exchange 2.
We continue to work closely with Danske Bank to ensure their ongoing overdraft support.
We have completed a strategic review and restructure of the busine89 to address the
reduction in the hours delivered.
We have taken steps to actively reduce overhead costj such as main office downsizing.
closure of regional offices and reduction in key managernent personnel.
Although it 15 not certain that these efforts will be successful due to the debt overhang, the
Trustee$, having careful consideration and review of cashflow and bud9et forecasts, have
determined that the actions they have taken are reasonable and sufficient to miti'gate the
uncertainty and have therefore prepared these Financial Statements on a going concem basis.
29. Taxatlon
The Company is a reglstered charity, and as such Is entitled to tax exempts'ons on income and
proffits in furtherance of the Charity's prirnary objectives.

Extra Care for Elderly People Limited
Company Limited by Guarantee
Notes to the Flnancial Statements (conthuod)
Year ended 31 March 2025
30. Analysls of changos In not d•bt
At
At l Apr 2024 Cash flows 31 Mar 2025
Cash at bank and In hand
Bank overdrafts
Debt due within one year
Debt due after one year
150,232
(13,306)
13.306
(1,195,000) 1,171,451
(52.810)
37,561
(1,261,116) 1,372,550
150,232
(23,549)
(15,249)
111,434
3S

Extra Care for Elderly People Limited
Company Limitsd by Guarantee
Notes to the Flnancial Statements (¢onllnuedJ
Y•ar ended 31 March 2025
31. Penslon commltmonts
TPT Ratimmont Solutions - North•rn lrnland Charitiès Penslon Schemo
The company participates in the scheme, a mUlti-em￿oYer scheme ¥*thich provides benefits to
some 11 non-assoclated employers. The scheme 13 a defined benefft scheme in the UK.
It Is not possible for the company to obtain sufficient information lo enable it to account for the
scheme as a defined ben•fit scheme. Therefore rt accounts for the Scheme a¥ a defined
contribution scheme.
The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which rAme
Into force on 30 December 2005. This, together with documents issued by the Pensions
Regulator and Technical Actuarial Standards issued by the Financial Reports'ng Council, set out
the framework for fvnding deffined benefft occupational pension schemes in the UK.
The scheme 15 classified as a 'last-man standing arrangemenf, Therefore the company Is
potentially liable for other participating employers, obligations 11 those employers are unable to
meet their share of the scheme deficit following withdrawal from the scheme. Participating
employers are legally required to meet their share of the scheme deficit on an annuity purchase
baslg on wthdrawal from the gchem•.
A full actuarfal valuallon for the 8ch•me wai carrled out at 30 September 2022. Th18 valuatlon
shOv￿d assets of £22.8m, liabilities of £26.Om and a deficit of £3.2m. To eliminate this funding
shorttall, the Trustea has asked thè participating employers to pay additional cMtributions to the
scheme as follows=
D•fi¢it contrfbutlon•
From 1 August 2020 to 29 February 2028.. £1.280,605 In total (payable monthty)
The recovery plan contrlbutions are allocated lo each partlcipatlng employer In line with thelr
estimated Share of the scheme liabilities.
Where the sch•rne 18 In deficit and where the company has agreed to a doficit lunding
arrangement the company recognises a liability for this obligation. The amount recognised is the
net present value of the deficit reductlon contributions payable under the agreement that relates
to the deficit. The present value is calculated using the discount rate detailed in these
dlsclosures. The unY￿nd5ng of the dlscount rate Is recognised as a finance cost.
PRESENT VALUES OF PROVISION
31 Mar 25
31 Mar 24
31 Mar23
Present value of provision
136,556
147,879
64,959
RECONCILIATION OF OPENING AND CLOSING PROVISIONS
36

Extra Care for Elderly People Limited
Company Limited by Guarantee
Notss to the Financial Ststements (￿n￿n￿
Year ended 31 March 2025
Period
Perfod
ending 31
ending 31
March 2025 March 2024
Provision at start of period
Unwinding of the discount factor (interest expense)
Deficit contribution paid
Remeasurements - impact of any change in as$umpb'on3
Remeasurements - amendments to the contrlbution schedule
Provision at end of period
147,879
6,588
(14,879)
(3,032)
84,959
2,967
(14,879)
3,604
91,228
147.879
136,556
INCOME AND EXPENDITURE IMPACT
Period
Period
ending 31
ending 31
March 2025 March 2024
Interest expense
Remeasurements - impact of any change in assumptions
Remeasurements- amendments to the contrlbution schedule
6.588
(3,032)
2,967
3,604
91.228
'Includes d•fin•d contribution 8cheme8 and future service contrlbutions (l.•. excluding any deficlt
reduction payments) to defined beneffit schemes vthich are treated as defjned C(￿trIbU￿.0n
scheme$. To be completed by the company.
ASSUMPTIONS
31 March
31 March
31 March
2025 % per 2024 OA per 2023 O/a per
annum
annum
annum
Rate of discount
The discount rates shown above are the equivalent single discount rates which, when used to
dlscount the fvture recovery plan contributiong due. Y￿Uld gfve the same resutts as using a full
AA corporate bond yield curve to discount the same recovery plan contributions.
32. Contlngfjncl
P•n*lon S¢h•m•- North•rn lrnland Charlti•$ P•nslon Sehem•
Extra Care for Elderty People Limited participates in the Northern Ireland Charities Pension
Scheme. The scheme has reported a total overall deficit of £3.2m as at the last valuation date of
30 September 2022. These financial statements recognise a liabilty in respect of agreed deficit
reduction payments. not the charity's share of the overall scheme deficit. An additional liability
may crystalise in the event of the charty's withdrawal from the scheme or a winding up of the
scheme however it is not possible to quantify this liabilty. The charity has no intention of
withdrawing from the scheme and there are no plans we are aware of to wind the scheme up.
A contingent liability also exists to repay grants and Trust monies received should certain
conditions not be fulfilled by the charity. In the opinion of the Trustees. the temis of the Letters of
Offers have been, or will be, complied wrth and no liability is expected.
37

Extra Care for Elderly People Limited
Company Limited by Guaranteo
Note5 to the Financial Statements (¢onthu•rfJ
Year ended 31 March 2025
33. Related partlos
During the year, the charty procured print services from Imagis, a business owned by the spouse
of a member of the key management personnel of the charity. The total value of tran5action8 in
the year was £506 (2024.. £nil>. There are no balances outstandin9 at 31 st March 2025.
34. Ethical standard•
In common with many other bu$inesse$ of our size and nature we use our auditorg to prepare
and submit retums to the tax authorities and assbst with the preparation of the financial
statement8.