REGISTERED COMPANY NUMBER: SC228195 (Scotland)

REGISTERED CHARITY NUMBER: SC032844

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2025

for

Stepdown

(A Company Limited by Guarantee)

Page

Report of the Trustees

1

to

5

Report of the Independent Auditors

6

to

9

Statement of Financial Activities

10

Balance Sheet

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

to

20

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the charity are to provide care and support services for children, young people, and their families, where there are complex emotional and developmental needs which require intensive trauma informed care and support to assist young people to re-integrate into family and other community settings and to sustain families to remain together.

Significant activities

The charity meets its objectives through:

Young People Living with Stepdown in Cottage settings

Young people who live with Stepdown in Cottages receive intensive trauma informed support, nurture and guidance to manage their complex needs and integrate into the community.

Young People Living with Stepdown Foster Carers, Respite Carers & Supported Carers

Young People Living with Stepdown Foster Carers, Respite Carers & Supported Carers receive trauma informed support, nurture and guidance to manage their complex needs and integrate into the community.

Supporting Young People Going Home and Living Independently

In addition to supporting young people to build their emotional strengths and social relations, Stepdown will help each young person prepare for independent living, employment, training and education. In order to achieve best outcomes for each young person, Stepdown will work with partners to gain access to appropriate accommodation, training, employment and health support systems in order to best meet the needs of each young person.

Supporting Young People in the Community

Stepdown provides programmes of intensive support for individual young people in their family homes or in their own places of residence.

Supporting Families in the Community

Stepdown works with families and children at home through planned programmes of intensive trauma informed support to meet the needs of parents, children and young people.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Stepdown continues to improve and provide a valued and innovative range of services for young people and families with complex needs. This year has been particularly challenging due to :

- The uncertainty with local authority finance.

- Protracted negotiations with Social Care Scotland Excel.

- The election of a new UK Government.

- The election of a new Scottish Parliament.

While recognising the significant fiscal demands and pressures on local authorities, Stepdown has continued to provide services that meet the needs of young people and HSCPs service requirements. A number of residential young people have moved on to independent and supported living support within their communities and Stepdown "Lifelong Links" programme ensures our continuing care is available to them. In what has been a very difficult and challenging time in the fostering field our foster care service has maintained their carer position. A number of young people are being supported in college, work and training.

Recruitment across all services continues to be challenging however, Stepdown are working closely with local job centres which are located within our service areas. This partnership is proving to be very useful in terms of candidate's applications and understanding of our care requirements.

Service Development & Quality Outcomes

This year Stepdown has continued to improve the environments in all our services. From complete internal refurbishments to landscaping and eco-friendly heating solutions. The Care Inspectorate have on inspection of all our services, rated us from good to very good with clear identified strengths in our Quality Outcome Indicators. The service was commended for our continued care and lifelong links support as two young people with significant complex needs transitioned back to their home communities.

FINANCIAL REVIEW

Financial position

Stepdown Services realised an income of £5.21 million in the year 2024-2025 compared with an income of £4.99 million in the year 2023-2024. Expenditure in 2025 decreased to £4.68 million compared with £4.97 million in 2024.

For the year to 31 March 2025, a surplus of £528,683 was realised compared with a surplus £22,631 in 2024.

Reserves policy

The directors have examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy in line with charity regulation guidelines whereby the unrestricted revenue funds not committed or invested in tangible fixed assets held by the charity should be 6 months of the current annual expenditure. The target therefore is £2.3million in unrestricted revenue funds. The reserves are needed to meet the working capital requirements of the charity, and to meet its legal obligations in the event of a significant drop in funding. The present level of unrestricted revenue funds, not committed to fixed assets, available to the charity is £2.95 million.

FUTURE PLANS

Stepdown will continue to maintain a priority focus on service quality and positive outcomes delivered across our range of services. Currently Stepdown is in discussions with a number of agencies to provide resources which consider the challenge set out by The Promise and the Scottish Parliament to re-imagine care. The opportunities for young people on the cusp and beyond secure environments will be a priority, as well as the provision of services for post 16 young adults who have neuro divergent needs.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company limited by guarantee, incorporated on 18 February 2002. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees

In accordance with the Articles of Association the Chairman, for the time being, of the Board of Managers of St. Mary's Kenmure Secure Unit shall be entitled from time to time and at any time to appoint any person as a director of the company and may at any time remove any director.

Organisational structure

The Board of Directors meet regularly throughout the year to administer the charity. A Head of Service has been appointed by the directors to manage the day to day operation of the charity.

Induction and training of new trustees

New directors attend a short induction and training session where they are briefed on the content of the Memorandum and Articles of Association, the decision making process, the business plan and recent financial performance of the charity.

Related parties

Stepdown has common trustees with Cora Foundation, Bishopton.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC228195 (Scotland)

Registered Charity number

SC032844

Registered office

663 Clarkston Road

Clarkston

Glasgow

G44 3SE

Trustees

J B Harold

B Maguire

F H M Scott

Company Secretary

McSparran McCormick

Auditors

Accountants Plus (Hamilton) Ltd

T/A Accountants Plus

Statutory Auditor

Second Floor

Airbles House

270 Airbles Road

Motherwell

ML1 3AT

Solicitors

McSparran McCormick

Waterloo Chambers

19 Waterloo Street

Glasgow

G2 6AH

Principal Bankers

Virgin Money

Business Banking Centre

Suite 2

Ochil House

Springkerse Business Park

Stirling FK7 7XE

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Stepdown for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charities SORP;

-	make judgements and estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 15 December 2025 and signed on its behalf by:

B Maguire - Trustee

Opinion

We have audited the financial statements of Stepdown (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its 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, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006.

Basis for opinion

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit 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 is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Emphasis of matter

We draw attention to note 11 of the financial statements, which describes the Trustees' treatment of refurbishment costs. Our opinion is not modified in respect of this matter.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information 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 this gives rise to a material misstatement in the financial statements themselves. 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Trustees has 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 of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:

-	adequate and proper accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of trustees' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees 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 charitable company'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 trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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 it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of noncompliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these among our audit team members. We then designed and performed audit procedures to respond to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing the risks or material misstatements in respect of irregularities, including fraud and non-compliance with laws and regulations we considered the following;

- The nature of the charity, the environment in which it operates and the control procedures implemented by management and the directors; and

- Our enquiries of management and directors about their identification and assessment of the risks of irregularities.

Based on our understanding of the charity and the sector as a whole we identified that the principal risks of non-compliance with laws and regulations related to, but were not limited to;

- Regulations and legislation pertinent to the charity's operations; and

- UK tax and employment legislation.

We considered the extent to which non-compliance might have a material impact on the financial statements. We also considered those laws and regulations which have a direct impact on the preparation of the financial statements, such as the Charities and Trustee Investment (Scotland) Regulations 2006. We evaluated management and director's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of management override of controls), and determined that the principal risks of the charity were related to;-

- Inappropriate journal entries; and

- Management bias in accounting estimates.

Our procedures to respond to the risks identified included the following:

- Gaining an understanding of the legal and regulatory framework applicable to the charity and the sector in which it operates;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- Enquiring of management, directors and legal advisors concerning actual or potential litigation and claims;

- Reading minutes of meetings of those charged with governance;

- In addressing the risk of fraud as a result of management override of controls, testing the appropriateness of year-end journal entries and other adjustments and evaluating rationale of any significant transactions that are unusual or outside the normal course of business; and

- Communicating relevant identified laws and regulations and potential fraud risks to all audit team members, and remaining alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in the audit procedures described above. The further removed any non-compliance with laws and regulations 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 detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and the trustees 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Fiona Struthers C.A. (Senior Statutory Auditor)

for and on behalf of Accountants Plus (Hamilton) Ltd

T/A Accountants Plus

Statutory Auditor

Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006

Second Floor

Airbles House

270 Airbles Road

Motherwell

ML1 3AT

15 December 2025

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

-

-

-

2,000

Charitable activities

4

Charitable activities

5,162,077

-

5,162,077

4,972,869

Investment income

3

46,265

-

46,265

18,748

Total

5,208,342

-

5,208,342

4,993,617

EXPENDITURE ON

Charitable activities

5

Charitable activities

4,669,489

10,170

4,679,659

4,970,986

NET INCOME/(EXPENDITURE)

538,853

(10,170

)

528,683

22,631

RECONCILIATION OF FUNDS

Total funds brought forward

2,842,593

13,740

2,856,333

2,833,702

TOTAL FUNDS CARRIED FORWARD

3,381,446

3,570

3,385,016

2,856,333

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

12

427,605

-

427,605

433,712

CURRENT ASSETS

Debtors

13

518,407

-

518,407

195,970

Cash at bank and in hand

2,661,035

3,570

2,664,605

2,583,897

3,179,442

3,570

3,183,012

2,779,867

CREDITORS

Amounts falling due within one year

14

(225,601

)

-

(225,601

)

(357,246

)

NET CURRENT ASSETS

2,953,841

3,570

2,957,411

2,422,621

TOTAL ASSETS LESS CURRENT LIABILITIES

3,381,446

3,570

3,385,016

2,856,333

NET ASSETS

3,381,446

3,570

3,385,016

2,856,333

FUNDS

15

Unrestricted funds

3,381,446

2,842,593

Restricted funds

3,570

13,740

TOTAL FUNDS

3,385,016

2,856,333

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 15 December 2025 and were signed on its behalf by:

B Maguire - Trustee

Cash flows from operating activities

Cash generated from operations

1

34,443

581,254

Net cash provided by operating activities

34,443

581,254

Cash flows from investing activities

Purchase of tangible fixed assets

-

(12,320

)

Interest received

46,265

18,748

Net cash provided by investing activities

46,265

6,428

Change in cash and cash equivalents in the reporting period

80,708

587,682

Cash and cash equivalents at the beginning of the reporting period

2,583,897

1,996,215

Cash and cash equivalents at the end of the reporting period

2,664,605

2,583,897

1.	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

31.3.25

31.3.24

£

£

Net income for the reporting period (as per the Statement of Financial Activities)

528,683

22,631

Adjustments for:

Depreciation charges

6,107

6,524

Profit on disposal of fixed assets

-

(73,000

)

Interest received

(46,265

)

(18,748

)

(Increase)/decrease in debtors

(322,437

)

503,580

(Decrease)/increase in creditors

(131,645

)

140,267

Net cash provided by operations

34,443

581,254

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

2,583,897

80,708

2,664,605

2,583,897

80,708

2,664,605

Total

2,583,897

80,708

2,664,605

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

10% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

33% on cost

Office Equipment

-

33% on cost

Residential properties have an estimated residual value equal to cost and as a result no

depreciation is charged.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	DONATIONS AND LEGACIES

31.3.25

31.3.24

£

£

Grants

-

2,000

Grants received, included in the above, are as follows:

31.3.25

31.3.24

£

£

Other grants

-

2,000

3.	INVESTMENT INCOME

31.3.25

31.3.24

£

£

Deposit account interest

46,265

18,748

4.	INCOME FROM CHARITABLE ACTIVITIES

31.3.25

31.3.24

Activity

£

£

Cottage & community services

Charitable activities

4,047,445

4,018,811

Carers services

Charitable activities

882,300

933,490

Other income

Charitable activities

232,332

20,568

5,162,077

4,972,869

5.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 6)

Totals

£

£

£

Charitable activities

4,633,100

46,559

4,679,659

6.	SUPPORT COSTS

Governance

costs

£

Charitable activities

46,559

7.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.25

31.3.24

£

£

Auditors' remuneration

9,162

11,200

Official correspondent fees

37,397

35,964

Depreciation - owned assets

6,107

6,525

8.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

9.	STAFF COSTS

31.3.25

31.3.24

£

£

Wages and salaries

2,965,967

3,067,550

Social security costs

278,333

303,134

Other pension costs

79,262

82,802

3,323,562

3,453,486

The average monthly number of employees during the year was as follows:

31.3.25

31.3.24

Staff

101

106

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

31.3.25

31.3.24

£60,001 - £70,000

1

-

£70,001 - £80,000

1

1

2

1

Key management:

Key management personnel are considered to be the Senior Management Team. In the year to 31 March 2025 they received total aggregate employee benefits, including pension contributions, of £165,453 (2024: £160,344).

10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

-

2,000

2,000

Charitable activities

Charitable activities

4,972,869

-

4,972,869

Investment income

18,748

-

18,748

Total

4,991,617

2,000

4,993,617

EXPENDITURE ON

Charitable activities

Charitable activities

4,961,311

9,675

4,970,986

NET INCOME/(EXPENDITURE)

30,306

(7,675

)

22,631

RECONCILIATION OF FUNDS

Total funds brought forward

2,812,287

21,415

2,833,702

TOTAL FUNDS CARRIED FORWARD

2,842,593

13,740

2,856,333

11.	REFURBISHMENT COSTS

The charity has historically treated some refurbishment costs ( coded as service development) as an expense rather than a fixed asset. This accounting policy is due to the Trustees' assessment that the related work performed is short-term in nature, primarily due to recurring damage caused by service users.

However, some costs in this and in prior years could be potentially better classified as improvements and consideration is being given to whether an expert review is required to identify costs which in fact have an enduring benefit.

12.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024 and 31 March 2025

417,500

19,995

43,257

DEPRECIATION

At 1 April 2024

-

11,997

43,257

Charge for year

-

2,000

-

At 31 March 2025

-

13,997

43,257

NET BOOK VALUE

At 31 March 2025

417,500

5,998

-

At 31 March 2024

417,500

7,998

-

Motor

Office

vehicles

Equipment

Totals

£

£

£

COST

At 1 April 2024 and 31 March 2025

12,320

17,286

510,358

DEPRECIATION

At 1 April 2024

4,106

17,286

76,646

Charge for year

4,107

-

6,107

At 31 March 2025

8,213

17,286

82,753

NET BOOK VALUE

At 31 March 2025

4,107

-

427,605

At 31 March 2024

8,214

-

433,712