2022-03-31-accounts - Caring Connections Limited

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			Page
Trustees' report			1-6
Report ofthe hdependent		Auditors	7- 10
Statementof financial	activities
Balance sheet			12
Statementofcashfiows			13
Notes to the financial	statements		14-20

Wellbeing Services	Wellbeing Services
~	Caring Connections launched a wellbeing programme supporting staff, service users and	the local
	community.
~	Wellbeing Programme: This programme now provides over 500wellbeing calls per month		to socially isolated
	vulnerable adults within the communities we support.
~	The charity now employs a staff wellbeing worker who provides weekly wellbeing calls to	staff members.
Employment
~	Over the year, Caring Connections offered employment to over 120local residents. Caring		Connections
	carried out an external survey completed by Best Companies. The organisation was rated		as an
	'Outstanding' organisation to work for.
~	We also achieved a place on three best employer lists: 70th Best Company to Work for in		North West, 47th
	Best Smail Company to Work for in the UK and 16th Best Charity to Work for in UK.
~	The Annual Carer ofthe Year Awards announced 'Christina Keiller' as 2021 Caring Connections Carer ofthe
	Year.
Accolades
~	The organisation was a shortlisted finalist in the Liverpool Echo Awards, The Great British		Care Awards		and
	The National Social Care Leadership awards. Rachael Fraser was shorllisted for numerous		leadership
	awards.
~	Katy Turner was invited to meet the Prime Minister at the 'Social Care Thank You' event at No10 Downing
	Street for her work throughout the pandemic.
~	The organisation was showcased in a BBCDocumentary 'Ed Balls: Social Care in Crisis'.
Financial	Review
~	The end ofyear produced an increase in reserves of233,290 against an increase in reserves ofF33,704 in
	the year ended 31 March 2021.
~	Plans are in place to increase the number ofsupport hours we deliver in order to drive us	closer to		long-term
	sustainability. In order to deliver this growth, we will need to invest in recruitment, training		and staff
	retention.
~ ~	Our total income for the year was 21,211,395against a total income for the previous year The reserves ofthe charity increased byf33,290 and totalled f71,018 at 31 March 2022.		of2860,663.
Reserves Policy and going concern
~	The Trustees have established a policy that the Charity should aim to retain unrestricted	reserves		(funds	that
	are freely available) that will cover 3 months ofcore costs. There wss a small balance of	E2,586 in		freely
	available reserves at 31 March 2022 and the trustees are seeking ways in which additional		unrestricted
	funds can be raised.
~	The organisation has received social investment funding to manage cash flow and support		the development
	ofthe organisation. The organisation has reduced overheads and developed a new business model focused
	on surplus generating activities.
~	In addition, the Charity aims to retain reserves to cover potential redundancy payments should the			charity
	have to reduce the scale of its operations.
The trustees acknowledge the continued financial support ofthe funding bodies and consider that,		providing
the financial support continues, the charitable company should be able to continue operations			for the
foreseeable future.

Funding	Sources
The principal funding sources for			the charity are detailed			below:
~	Knowsley Council
~	Liverpool Clinical	Commissioning			Group
~	Halton Borough Council
~	St Helens Council
~	Cheshire West and Chester Council
~	Sefton Council
~	Liverpool YMCA
~	The Whitechapel	Centre
~	St Helens Public	Health
~	Social investment	Fund
~	The Oliver Lymes	Trust
~	Big Lottery Fund
~	The Key Fund
~	LCR Cares
~	Department of Communities,			Media &Sport
~	Department of Health
~	The Steve Morgan Foundation
~	Cheshire West and Chester Council
~	Vtfirral Council
~	John Moores Foundation
~	Community Foundation		for Merseyside
~	The Co-operative	organisation
~	Medicash
~	Community Covenant
~	LCVS
~	Price Parry Fund
~	Souter Charitable	Trust
~	Ravensdale Trust
~	Wigan MBC

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	2022	2022	2022	2021
Income:
Donations, grants and legacies				245,808	107,582	353,390	170,023
Charitable activities				858,005		858,005	690,640
Total Income				1,103,813	107,582	1,211,395	860,663
Expenditure:
Charitable activities				1,128,577	39,150	1,167,727	824,004
Other —interest payable				10,378		10,378	2,955
Total expenditure				1,138,955	39,150	1,178,105	826,959
Net income I(expenditure)		and
net movement in	funds for	year		(35,142)	68,432	33,290	33,704
Reconciliation of	funds
Total funds brought	forward			37,728		37,728	4,024
Total funds carried	forward			2,586	68,432	71,018	37,728

				2022		2021
			Notes
Fixed assets
Tangibleassets			10		6,064		709
Current assets
Debtors				132,235		101,551
Cash at bank and inhand				127,012		22,861
				259,247		124,412
Liabilities
Creditors falling due	within one year		12	(132,851)		(71,596)
Net current assets					126,396		52,816
Total assets less	current	lab(titles			132,460		53,525
Creditors falling due after		more
than one year			13		(61,442)		(15,797)
Netassets					71,018		37,728
TheFtads dthe ctssity
Unrestricted income	funds				2,586		37,728
Restricted income	funds				68,432
Total charity funds			18		71,018		37,728

			Notes	2022		2021
				8		g
Cash generated by operations			16		64,360		11,189
Cash absorbedbyinvesting			activities
Purchases	offixed assets				(5,854)
Financing	activities
Proceeds from borrowings				50,000
Repayment	of borrowings			(4,355)		(13,692)
Net cash	generated from/		(used in)		45,645		(13,692)
financing	activities
Increase/	(decrease) in cash and cash				104,151		(2,503)
equivalents
Cash and cash equivalents		at	beginning ofyear		22,861		25,364
Cash and	cash equivalents		at end ofyear		127,012		22,861

Donation	s	and bg	ac les
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2022	2022	2022	2021
				E	6	5	5
Donations	and gifts			45,195		45,195	106,343
Grants				200,613	107,582	308,195	63,680
				245,808	107,582	353,390	170,023
Charitable		activities
Services	provided		under contract			858,005	690,640

				Unrestricted	Restricted	Total	Total
				funds	funds	funda	funds
				2022	2022	2022	2021
				6	E	6	E
Staff costs				936,864	39,150	976,014	648,191
Depreciation				499		499	403
Rents				19,935		19,935	17,573
Travel &subsistence				17,514		17,514	33,933
Other staff costs				49,138		49,138	13,339
Computing				12,273		12,273	12,895
Printing, postage	and stationery			796		798	1,082
Telecommunication		expenditure		18,235		18,235	25,114
Equipment hire				12,953		12,953	3,178
Repairs & renewals				1,715		1,715	11,001
Insurances				8,889		8,889	4,705
Subscriptions				11,644		11,644	8,551
Legal & professional				13,460		13,460	29,067
Bad and doubfful	debts			1,895		1,895
Pension fines				2,800		2,800
Other operating	expenses			4,648		4,648	2,498
Advertising and	promotional		costs	9,546		9,546	6,276
Utilities				473		473	2,572
				1,123,277	39,150	1,162,427	820,378
Share ofgovernance		costs	(see note 6)	5,300		5,300	3,626
				1,128,577	39,150	1,167,727	824,004

		Support	Governance	2022	Support	Governance	2021
		costs	costs		costs	costs
			6		6	6	6
Legal and	professional					176	178
Audit &accountancy			5,300	5,300		3450	3,450
			5,300	5,300		3,626	3,626
Analysed	between
Charitable	activities		5,300	5,300		3,626	3,626

The average	monthly number ofemployees during t	he year was:
		ZK	ZB
		Number	Number
Cere support	workers	57	55
Administrative	staff	8	9
Total		65
Employment	costs
Wages and salaries		913,902	606,273
Social security costs		49,586	33,626
Pensioncosts		12,526	8,292
		976,014	648, 191

FO	R THE YEAR END	ED 3	1 MARCH 2022
9	Other expenditure
					2022	2021
	Interest on loans				10,378	2,955
					10,378	2,955
10	Tangible fixed sssete
				Flxtums and	Computers	Total
				tidings
	Cost
	At 1 April 2021			7,803	20,552	28,355
	Additions			5,096	758	5,854
	At 31 March 2022			12,899	21,310
	Depreciation
	At 1 April 2021			7,094	20,552	27,646
	Depreciation charged	inthe	year		32	499
	At 31 March 2022			7,561	20,584	28,145
	Net book value
	At 31 March 2022			5,338	726
	At 31 March 2021
11	Debtors
	Amounts falling due	within	one year:
	Trade debtors				73,097	77,029
	Other debtors				16,231
	Prepayments and accrued		hcome		42,907	24,522
					132,235	101,551

12	Creditors: a	mounts	falling due within one yea	r
					2022	2021
						6
	Loan borrowings		acorns		16,209	16,507
	Other taxation	and social security			21,358	8,153
	Trade creditors				13,593	577
	Other creditors
	Accrual s and deferred				81,691	46,359
					132,851	71,596
13	Creditors: amounts		falling dueaftermorethan	one
	year
					2022	2021
	Loan borrowings				61,442	15,797
14	Loans
					2022	2021
	Financing bans				77,651	32,304
	Payablewithin	one year			16,209	16,507
	PayableaReroneyear				61,442	15,797

Remuneration	of key management	personnel
The remuneration	ofkey management	personnel	isafottows.
				2022	2021
Aggregate remuneration				95,365	62,487

	Reconciliation of	net movement	in funds to	net cash flow	2022	2021
	from operations
	Net movement in funds				33,290	33,704
	Adjustments for:
	Depreciation				499	403
	Decrease/(hcrease)	in debtors			(30,684)	(9,262)
	Increase/ (Decrease) increditors				61,255	(13,656)
	Cash generated from operations				64,360	11,189
TT	Analysis of net (debt) / funds		changes
				At 1Aprll 2021f	Cashflowef	At 31March 2022f
	Cash at bank and	in hand		22,861	104,151	127,012
	Loans falling due	within one year		(16,507)	298	(16,209)
	Loans falling due	after more than	one year	(15,797)	(45,645)	(61,442)
				(9,443)	58,804	49,361
18	Analysisof fund	movemsnts
				Income	Expenditure	At31March 2022
	Bereavement projects funding - restricted			107,582	39,150	68,432
	General funds - unrestricted			1,103,813	1,138,955	2,586
	Total funds:			1,211,395	1,178,105	71,018