National Care Association

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—4

1. General Information

National Care Association is a private company, limited by guarantee, incorporated in England & Wales, registered number 02537672 . The registered office is Suite 4 Beaufort House Beaufort Court, Sir Thomas Longley Road, Medway City Estate, Rochester, ME2 4FB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation
Plant & Machinery	20% Straight line
Motor Vehicles	25% Straight line
Fixtures & Fittings	25% on written down value
Computer Equipment	20% on written down value

2.4. Government Grant

Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.

All grants in the income statement are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2023: 7)

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National Care Association

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	620,000	-	27,782	58,473	706,255
Additions	-	1	3,730	-	3,731

As at 31 December 2024	620,000	1	31,512	58,473	709,986

Depreciation
As at 1 January 2024	-	-	27,451	51,548	78,999
Provided during the period	-	-	3,812	1,385	5,197

As at 31 December 2024	-	-	31,263	52,933	84,196

Net Book Value
As at 31 December 2024	620,000	1	249	5,540	625,790

As at 1 January 2024	620,000	-	331	6,925	627,256

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	213,952	20,404
Other debtors	921,380	45,360

	1,135,332	65,764

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,050,976	53,492
Other creditors	287,146	200,630
Taxation and social security	37,261	10,673

	1,375,383	264,795

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

8. Exceptional Items

National Care Association acquired Registered Nursing Home Association Ltd in its entirety. The net assets of the company as at the acquisition date were received via donation, as both businesses are not-for-profit entities. The assets and liabilities have been included at fair market value.

The acquisition date was 1 July 2024.

9. Grant

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National Care Association

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Grants are received in the year and expenses incurred as the Grant activities take place . Funds retained on behalf of the Grant are reported in the balance sheet. These grants are The Better Security Better Care Grant (referred to as BSBC) and The Digital Care Grant. ( referred to as DC) The Better Security Better Care Grant requires an audit of its transactions, and the overseeing company, as required by the Grant provider.

Funds held on behalf of grant (BSBC:£71,267, DC:£85) are reported in Cash at bank and in hand.

Grant income received (BSBC:£2,929,312 , DC: £226,900) is reported in other operating income and includes accrued income in regards to oustanding grants receivable for BSBC that are also repored in acrued income (BSBC£867,137,DC £28,900).

Grant Expenditure (BSBC:£2,929,312, DC:£226,900) is reported as costs in other operating income and includes accrued costs in regards to outstanding bills receivable also reported in acrruals (BSBC:£,40,300,DC:Nil).

Grant expenditure, invoiced but unpaid(BSBC:£971,371, DC:£Nil) is reported in Trade creditors

10. Audit Information

The auditor's report on the accounts of National Care Association for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by JAMES CARTY (Senior Statutory Auditor) for and on behalf of THOMAS AND YOUNG , Statutory Auditor.

THOMAS AND YOUNG

Chartered Accountants

Carleton House, 266-268 Stratford Road

Shirley

Solihull

B90 3AD

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		625,790		627,256

			625,790		627,256
CURRENT ASSETS
Debtors	5	1,135,332		65,764
Cash at bank and in hand		1,218,352		697,123

		2,353,684		762,887
Creditors: Amounts Falling Due Within One Year	6	(1,375,383 )		(264,795 )

NET CURRENT ASSETS (LIABILITIES)			978,301		498,092

TOTAL ASSETS LESS CURRENT LIABILITIES			1,604,091		1,125,348

NET ASSETS			1,604,091		1,125,348

Income Statement			1,604,091		1,125,348

MEMBERS' FUNDS			1,604,091		1,125,348