THERA TRUST

1. THERA TRUST 1999-03-17 → present
2. THERA TRUST LIMITED 1998-07-06 → 1999-03-17

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Sayer Vincent LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Thera Trust Group Trustees believe that the transformation plan is measured and achievable. On a quarterly basis the plan is re-assessed, and includes undertaking scenario modelling, and identify risks and uncertainties. Preparation of this three year rolling forecast supports the assertion that the accounts should be prepared on a going concern basis.”

Group structure

1. THERA TRUST · parent
   1. Ansar Projects Limited · England and Wales
   2. Aspire Living Trading Limited · England and Wales
   3. Aspire Living · Scotland
   4. The Camden Society Trading Limited · England and Wales

Significant events

• “A significant impact to the sector was the announcement of the National Living Wage and National Insurance increase.”
• “Thera was providing support to over 3100 people with a learning disability (31st March, 2024 – around 3,100) across the UK.”
• “In October 2024, a difficult decision was taken to transfer the activities of Equal Futures to Thera Trust, by 31st March 2025.”
• “Catherine Carter sadly passed away suddenly in November 2024.”
• “In June, we said goodbye to David Parker.”
• “The Quality Company ceased trading on 31st October 2024.”
• “In September, we attended the British Ambassador for France’s Garden Party in Paris in honour of the Paralympics.”
• “A review of dormant companies currently in the Group was undertaken.”
• “Uemploy, The Camden Society (London), The Quality Company, Equal Futures, and seven dormant trading companies, will also be struck off in the coming year.”
• “Thera Trust was only able to raise £4.1m. from the planned £5.0m. October 2023 charity bond raise; continuing slow payments for contracts from Local Authorities; and generation of a financial loss for the second year.”
• “Meetings were held with bondholders in April 2024, to ask for the repayment to the 2018 bondholders of their capital in March 2024 to be deferred for six months.”
• “Meetings were held with bondholders in September 2024, to propose revised repayment dates of principal which were determined by affordability and Thera needing to maintain £3.5m. to £4.0m. liquidity headroom.”
• “The Camden Society (London) stopped providing support on 31st March 2024 and the company is therefore no longer a going concern.”
• “Equal Futures is therefore no longer a going concern.”
• “The Devon portfolio of six properties was sold by Forward Housing in April 2025 which generated £2.3m. cash.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +11%

  £91,072,042 → £101,084,425

• Cash

  +455.7%

  £791,229 → £4,396,651

• Net assets

  +16.3%

  £9,084,301 → £10,566,258

• Employees

  +3.3%

  3,259 → 3,365

• Operating profit

  +89.9%

  -£3,252,859 → -£329,562

• Profit before tax

  +164.6%

  -£2,329,588 → £1,505,823

• Wages

  +11.2%

  £70,873,467 → £78,794,243

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers