Praxis Care
Latest income
£71.9m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net increase in funds of £2,048,012 for the year ended 31 March 2025, with total incoming resources of £71.9m. Per the trustees' report, unrestricted free reserves were £25.5m, which is above the stated policy target of £8m, though the board has set a higher central target of £14.4m based on current budgeted costs.
What the accounts disclose
Highest-paid employee band: £120,001 - £130,000
“one employee received emoluments between £120,000 and £130,000” — page 37
Per FY2025 accounts as filed with CCNI.
Going concern: doubt noted
“The validity of this assumption depends upon continued support of funders.”
Per FY2025 accounts as filed with CCNI.
Related-party transaction: A member of the senior management team co-owns a property which Praxis Care currently rent.
“A member of the senior management team co-owns a property which Praxis Care currently rent.” — page 43
Per FY2025 accounts as filed with CCNI.
Reserves policy: £8m (held: £25.5m)
“A policy has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by the Charity should be £8m.”
Per FY2025 accounts as filed with CCNI.
Trading subsidiary: The Northern Ireland Agoraphobia and Anxiety Society, Challenge, A Northern Ireland Charity for People with Learning Disabilities Limited
“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.” — page 16
Per FY2025 accounts as filed with CCNI.
Independent examiner: Moore (NI) LLP
Per FY2025 accounts as filed with CCNI.