Extra Care for Elderly People Limited
Latest income
£3.5m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net deficit of £63,919 and holds unrestricted funds of -£223,922, indicating negative net assets. The trustees report a material uncertainty regarding going concern due to cash flow pressures from wage costs exceeding Health Trust uplifts and a significant debt overhang. Although the business is described as cash generative and profitable, the trustees cite critical cash constraints and reliance on bank overdraft support to continue operations.
What the accounts disclose
Reserves position: below the charity's own stated policy
“Total funds carried forward (223,922)” — page 1
Per FY2025 accounts as filed with CCNI.
Going concern: material uncertainty disclosed
“As a result of these matters, the Trustees believe there is a material uncertainty in relation to the going concern basis adopted in the preparation of the Financial Statements.” — page 15
Per FY2025 accounts as filed with CCNI.
Related-party transaction: 33. Related parties
“During the year, the charity 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 transactions in the year was £506 (2024: Enil). There are no balances outstanding at 31st March 2025.” — page 19
Per FY2025 accounts as filed with CCNI.