THE GREENMCH CARERS CENTRE
DIRECTORS. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
Registered Company Number 02823279
Registered Chwlty Number. 1033718

THE GREENWICH CARERS CEpifRE
Company infomialK)n
Report of the truslees
Ind8P8ndent auditorfs report
8-10
Statement of finan(xal aqxivil
11
Balan￿ sheet
12
Statsment of cash flows
13
Notes to the finanLial Stste￿￿$
14-21

REPORT OF THE DIRECTORS AND TRUSTEES
FOR THEYEAR ENDED 31 IAARCH 2024
Directors and Trustees
Dr fina ChallaLX)mbe (Chair)
Ms Jasmine BaNJhafd
Mr ma￿ Foulds
Mr Abhishek Khare
Mr Nicholas Rainey (appointed 14 June 2023)
Ms Folashade Saint Jarnes
Mr Simon Tovey
Mr No81 A Q Williaff
Mr Abhishd( Khare
Mr S￿rt TatteTsall
Cixnpany Registered Number
02823279
Reglstered Charity Number
1033718
RegIster￿1 Officej
The Stables
76 Homfair Road
Charttc
Londc
SE7 7BD
Bankers
National Westrninster Bank plc
Londc
NW6 2EG
Page 3

THE GREENMCH CARERS CENTRE
REPORT OF THE DIREcfoRS AND TrUSTEES
FOR ThE YEAR ENOED 31 IAARCH 2024
The Board submils IL8 annual report and aqxounts for the year a￿led 31Ét Match 2024. The
Rewrting by Charities effective 1 janu￿ 2019 (Charilies SORP FRS 102) in weparing the
annual report and a)xunts for the thwity.
CHAIR'S REPORT
This has been a very gocKI year for Ihe Greenwich Carers Centre, wilh a lot of hard work armj
commitment from our dedicated team.
Our services have grown. ￿ have negolialed new funding and ￿ltracK and ow core team
has expanded. We have incTrased our communty outread) and in￿eased our k)cal pmfile with
a [￿MInation for the Best of Greenwich Business Awafd.
Our T￿￿teeS have ￿)rked well t0￿er. n)eeting regularly to give supwxt and advKe to the
senior management leam and overtseeing the strategic obieclives. We have welcomed a new
trustee who has been instrumental in raising funding for respite care brèaks at Nuuey Edge.
He has ba&) an example to us all wilh his ￿)thusIasM and commilrnent to Green￿ch Carers
Our now lease wlih Royal Greenwich Heritage Trust has been agreed arKI we are now in tho
We now have a finandal adviser who Is supwling the CEO and buildirvJ a new fin
system.
We look to the fijture year wlth more opportunitss to axlend ¢xr ￿)rk in local communfti6s arKI
retth our fundlng Ihe Royal Borough of Greenwkh.
As before. l *wld Ilke to thank our fundraising consthnts Tro*a for klentstyiwJ appropTia
chafltable trusts and then enabling us to successfuty bid for the fundlng Ihal is rlght ftjr us.
A big Ihank you go8s lo the CEO and his team and am the vdunteers at the Greenwlch Carers
Centre. as well as to the Board. for all their energy. hard work. and wmmitment to our charity.
Thank you also to our carers and (xed for, as well as to the Royal Borough of Greenbmch for all
their continuing supp(Mt and advKe.
STRUCTURE. GOVERNANCE AND MANAGEldENT
company Yffjs incoTFK>rnted on 1•1 June 1993. and bs govemed by 118 memorandum and
artides of assorithn. The (*arity a Co[￿nY limited by guarante8. arKI has no share
capital. The liabdity of each member in thè event of winding-up is limited to £1. The charty .
Tun by the Boa￿1 of Trustees, whth meets regu* trffoughout yew and is able lo call
extraordinary meetlngs when relevanL
The diredors of the company also ch*ity trustees for the purposes of charity law. The
Board has the p(YAw to appoint addiiional TTUStees. as it Ixmsider5 fiL
Trustee Induction and Training
Most trustees are alreaty familiarwilh the pracli(*l ￿ of the charity vthen they are appointed.
The￿ is also an inductM)n package for the trustees and tralnrwJ is t￿0V￿￿ as required.
Page 4

FOR THEYEAR ENDED 31 AIARCH 2024
on a reg￿ar basis to ensure that appropriate mibgalion is taking place. The principal risks. and
a summary of the ￿￿edureS *ted to deal wtth them. a￿ as folow5:
- loss of grant income {g￿d delivery of outu>mes for existing grdnts: good communication Mlh
ant providern; monitorivJ of the (2re sector to lden￿fy arKI develop new servlces)
- rella￿e on key pe￿(￿￿1 (appraisals of key stalP. mainialning upt￿date succession plans:
M)d trainlng of potential managers)
- inabilty to meet liabililies as IW fall due (Maintenan￿ of h• rese￿ q￿rtety
mnitorlng of income and expenditure and cash11(Yws).
The remunera11(￿ of the Chief EXeC￿￿ve and the managers are set by the trustees, and take
- the size and Lx)mplexity of the chaTity
- 'Ma￿er salary rdtes, per several market surveys
- Ihe perfonnance of ts indivlduals
The trustees appThe Ihe overal strategy of the Organ￿a￿On arKI delegate the operational
management. deve￿￿t and administration to the Chief Ex￿￿tive. The CEO Is responsible
for the day to day Tunning of the ￿ganiSatk￿. in line wth the agreed strategy. arHI makes
recanmendations to the Bwd of Tfust88s. The ffonagement team support5 the CEO In
running the organisation, arnl is speofKalty r88ponsUg for that the org￿lsa1
delivers a high qualty of servi(* for carers.
The Company 18 estsbllshed for th8 rellef of older a￿1 less able people by womdlng a rang8 of
support. irnknion and development servlces to them and primarlly to those respcmible for their
The trustees have considered the Charlty Commlssmjn's general guidance on publlc ￿er￿fft
when reviewknJ the akns. objectives and p1anr￿ actfvits8 of the charlty.
ACHIEVEPAEKfs AND PERFORMANCE
The first full year of th8 Ch*f Execxrti￿'s retum to has seen the chatty exlerKI its
Ixjmmunty reach. di￿sity ib Servi￿ offer and retum to Operati￿ Surp￿8.
We have continued our policy of 8ecurfng grant funding to provlde new 8erviGes and
OppC￿nIb8S that support ar￿ add wa￿e to the borwJh's stathrtory offer. We have gr[￿ and
dNer5ified funding to tKovide the charity wilh a healthier InccTh that lesseng (xr reliance
We have our vdurteer team. we1cor￿1 a new tfustse. implementgd and delivered an
npOrt￿ edu(xlion programma for carws. worked with new community partne[5 to WOVKle
rer5 With kX￿ OppO￿nitIOS and secured 8 naw £100k contracl from the l(Kal auttw)rity.
commenceil w￿k on building a ne￿ financial system. athieved our best ever Fwd Hygiene
tating aNI secured the best Ixrtcane possible foU(YmJ an extensi￿ Heallh and Safety AudiL
T(NMds end of 2023 Iwr charity VRS shortlisted for a Best of Greenwich Buslness Award
for our outstanding contribution to the local commnty.
As we ckne the year. our tharity is thriving and in good place - have a dedicated arnl

THE GREENMCH CARERS CENTrE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 IAARCH 2024
placed and central to bmryh's voluntary sector. We aL80 (xxrfinue to bnfiUen￿ at bwugh,
regional and national level via our work wilh ts Royal BOr￿h of Grewvm* and Carer5 TTUSL
FINANCIAL REVIEW
The grants to finance the Charws aclSvbtks are agreed in advan(% for the 12 to 31
March eaGh year. The sury)lus for the year was £14,810 {2023- defKat £46.76n. c4)mprising an
opernting of £46.401 (2023 - dthit £15.177) al￿ a capilal defi(xt of £31.591 (2023 -
£31.590).
The Charity receiv88 its core funding frnm the Royal Bor(￿gh of Greenwith.
Thè most signiftsnt events In the financial year have been the signifilxrt increase in support
from Royal BcKLwgh of Gremich and other gAntWVKlers.
Under the memoraThJum and artsdes of associalion. tha Charlty has the povm to make any
invesbnent which it sees fiL The Trusiees have C￿SIdered Ihat tha rnost appropriate
inVestn￿ts would be bank deposii accounts.
Reservos Pollcy
It Is the pokcy of The Gr88nwlth Carer8 Cthre to h¢￿ in a designated rnsarve a sum that
would enable the charlty to meat lis Ilabilitt88 if It had to dose down. The trustees have
con81dered that the most approprfate16vel of the designated reserve should be £11X),(K)O. This
affK)unt is reviewed by Ihe trustees on an annual basis. The r5sk (￿red by this feserve has
been Identified as loss. or material reduction, of core fundlng from the Royal Borough of
The truste8s revlw* the fmanclal statsjs of the charlty and idenllfy any risk to that stabjs on a
FUTURE PLANS
This cominYJ y￿r is all abcxrt preparing the charity for recommi&8loning. We will 8ts0 secure the
jmpl9rn8ntal￿ of a t8￿Year1eas8. ￿mpl* our in bull ding a new financial syst￿.
W8 will commerKe an entirely new aspect of work by engaging eMpty￿S across the l)orough
We will WOTk to secure the T￿￿ted Chanty Accxe(Sts1ion for th8 sec¢￿ time. and work to
secure tho Carers Trust Qua￿ Standard. 'ExceMence for Carers,. for the f￿t time.
We will launch a befrlending for old8r and bereaved ¢xrer5 and trI￿rdS
securiNJ ￿￿tinuatiOn, or repla￿M￿￿ funding. for our wellbeing supp(xt services. We will
¢>)ntinue to gnm our volunteer team and exlend our M)rf( ￿thin lo131 conMiwnitie& It￿ludIng
the establishment of a blwint for reachlrwJ hi(klen carers ￿thin diverse communities.
(kn blggest mission ty far w￿1 be to retain our S1atsrt￿Y Core Service funding which is due to go
out to compethve tender at the fulfflment of our existing 1x)ntra￿ We wlll undert*e due
diligen￿ asseSSn￿nts in relation to all fuTKled ￿ntra(￿S. and. as we move ito ts.nv
remains ￿pOns1Ve to need. entrepren￿￿1 in apFwoach. and fit for purpose.
Page 6

THE GREENMCH CARERS CENTRE
FOR THE YEAR ENDED 31 MARCH 2024
STATEMEKf OF DIRECTORS, &TRUSTEES' RESPONSIBILrrEs
Company and (knrity Law requires the directors and trustees to prepare Financial Statements
for each finanoal year which gNe a twe and fair view of the state of affars of the (Thpany and
of the surplus or defiot for the compary for that y&qr. In preparing those finan(aal slatements.
the directors are ￿Uired to:
seled accounting pofici8s and appty them consistenty;
make Judgements and estimates Ihat are reasonable arKI prudent
state whedw awlicable accounOng starMIa￿S have been frAlowed. subject lo any
malerial depa￿reS disck)sed and explained in the financial slatements;
prepafe the finantial statements on the going concem basis. unless It is in8pwopriate
to presume that the company ￿11 conlinue in business.
b)
d)
The directorn and trustees are resp(Kbsible for keeplThJ woper a(xountlng reujrds whi
disdose with reasonable a￿￿racY at any time the fin8ncial posibon of the company and to
enable them to ensure that the finanlial statements compty with the C(xnpani8s Ad 2(Th and
the Charilies Act 2011. They are also resp(Thible for Safeguardi￿ the assets of the company
and hence ts taklThJ re&sor￿ble steps for ￿ prevenlion and detection of frwd and other
lrngularities.
As far as the dlrectors and trustees are aware at the time the reKx)rt is apwoved
there is no relevant audit information {Infomiati(￿ needed by the ￿MpanY'S a￿lItorS in
Connecti(￿ with prep￿￿￿ their repcml) of vthich the companvs audilor& are unaware.
arnl
each dlrectorltrustae has taken all the steps that h8 (wht to have taken as a dlrector in
order to make himself aware of any relevant audit infomwtbn and kn estsblish that the
company's wditors are aware of thai inf0M￿l￿n.
AUDITORS
to re-appoint ihwn wlll be w(V080d at the Annual General Meeting.
This report has been prepared in accordan(x with the 8mal (x)mpany regime of section 41912)
of Ihe CompaThes Act 20(￿.
Approvad by the Board on .... . . ..
Sigr￿d on its behalr:
rir Tlna Challacombe
Sknon Tovey

THE GREENWICH CARERS CENTrE
INDEPENDENT AUDrroRS' REPORT TO THE TRUSTEES OF THE GREEN￿CH CARERS
CENTRE
FOR THE YEAR ENDED 31 IAARCH 2024
Opinion
We have audited the financial statements of The Greenwich care￿ Centre (the 'ChariW) for the
year ended 31 March 2024 whKh Ixjmprtse the Statement of Financial Activities. the Balar
SheeL statement of cash flows and notss to the financial statements. induding a SUmm￿Y of
significant a(wunting policies. The financial framework that has been applied in the
prepathn is appI￿able law and United Kingdom Accounting Standards. including Financial
Reporting Standard 102: The Financial RetM)rting Standard applicable in the UK arKI Rewblic
of Ireland (United KSngdom Generalty Accepted A(muntmg Pra￿1￿).
In opinion, the financial statements."
give a bue and fair view of the stste of the Charlty's affairs as at 31 ma￿ 2024 and of
ts income and expenditure for the year then ended;
have been properly prepared in 8(xx)rdance wilh United KirvJdom Generally Accepted
have been prepared in aco)rdance wilh the requirements of the Compani8s Ad 20(￿.
Basls for oplnlon
We conducted our a￿lIt in acconIan￿ vAth Internatx)nal Standards on Audlfjng (UK) (ISA8
(UK)) aNI aN￿1cable law. Our responsibilitss under those standards are futher des(xibed in the
Audiiorfs resp(￿SibIlI11es for the audit of the fin8ncial statements sect#)n of our rep(*L We are
Independent of th8 Charity in ac(J)rdance wilh Ihe elhical requirements that are relevant lo our
audtt of th8 financial statements in the UK including the FRC'S Ethi(%1 Standard and we have
fulfilled our other ethical responsibllities in a(xxNthnce with these requirements. We believe that
the audit evidenco we l*ve oblained is sufft18￿ and appropriate to provide a basis for our
opin￿n.
Concluslons rolallng to golng concorn
In auditing th8 financial stal8ments, we have Cc*iCk￿ that the trust￿, Use of the going
concem basis of a(￿￿ntIng in the pr8par8tion of the finanoa ststsments is appropth.
Based on th8 worf( ￿ have perfomied. we have not Ida￿lfied any matertal uncertainlles relalkng
to events or condltlons thac Indlvidualy or collectivety. may cast slgnificant d￿bt on the
charftys abilty to conlinue as a going cornxm for a perlod of at least Iwelve monts from when
the fman(aal statwnents are autI￿riSed for issue.
Our reSp(￿lbilItles and the reswnslbilities of the dyectors whh respect to going corKem are
descfbed in the relevant seCtior￿ of thls rep(
The trustees are responslble for the other inforrnthon. The other infonnation comprises the
infomwtion itKILxled in the annual report otsr than the financial statements and our audilorfs
re¥x)rt thereon. Our opinion on the financial statements does not cover the other infomiation
and, except to the extent Otherwi￿ expli• stated in ¢)ur repor( we do not express any fomi of
assurance condu8i)n thereon.
In o)nn&tion with our audit of th8 fmancial statements. (wr responsibility is to read the otsr
infomiation and. in doing so, cOr￿KIer vthetsr the othef Infonnation is materially inconsistent
th the financial statements or our knry•A• obtained in tho audit or otherwise appears to be
matefiaSly misstated. If wa Identify s￿h Mat￿la1 inconsBtsncies or apparent materia
misstatements. we are required to detem)in ￿ether tt￿e is a material misstatement in the
financial statements or 8 material misstatement of ts other information.
If, based on the work we have perfomied. ￿ conduda that there Is a material rni8Statement of
thi5 other infr)mptk)n, we are required to report that We have nothing to report in this

THE GREENWICH CARERS CENTRE
INDEPENDEKf AUDrroRS REPORT TO THE TRUSTEES OF THE GREENMCH CARERS
CEKfRE
FOR THE YEAR ENDED 31 IAARCH 2024
In our opinion. based on the wuk uThlertaken in the (X)U￿ of the audit
th8 irrf(Ynth gNen in the trustees. rewt Cin(xxporaling Ihe dract<X5' reiy)rt) ts the
the trustegs. rep￿t (in(wmtiro the dI￿￿orS. report) have been prepared in
In the light of the knowledge and understthing of the Charity ar#J its environmert Oblatr￿d In
We have noth￿￿ to rewt in respect of the followlng matters in rektion to which the col￿nIeS
Act 2(M)6 requwes us to report to rf, In our oplnlon:
the flnancial statements are not In aweemwlt wlth the a(%ounllng rec￿￿8 and retums;
we have not ijbtalned all the information and explanations rttessary for the purposes
of our audiL
As exp1aw￿d more fulty in the trustees. respO￿lbIllIes statem￿t, the trustee8 are responsible
for ts preparati￿ ot the fina￿181 statements and for being satisfied that give a truè and
fair view. and for such intemal (x)ntrol as they d6temiine is nec&%8ary to enable lh8 prepara￿n
of financial statements that 8re free from matsTial misstatemen( whelhw duo to fraud or eI￿r.
In preparwu tho Ilnancial stst￿Ments, th6 trustees arn re8pcThibl8 for assessww Iha Charitys
ability to continue as a going concem. dtsdosing. as applic4ble. matters relatad to going
concxn and using lh8 goirvJ conc8m basis of accounlwig unless the tfusle85 either ntef¥J to
quidate the Charity or to ￿se OFwalions, cff have no re*bc 8ltemative but to do so.
Our rosponslblllllos for th• audlt of the Ilnw)clal statements
Our objectives are to obtain reas4Thble assurance ab￿t whether th8 flnandal StateM￿ts as a
yIKle free from mgteiial misstatement, whether due to fraud or em)r. aThJ to issue an
auditofs rep(Mt that indudes our opinion. Reasonable assurance is a high level of assurance,
but is not a guarantee that an audit conducled in accordance with ISAS (UK) VAI aways detect
material misstatement when il exists. Misstatements can arise from fraud or ern)r and are
(xJnsider8d mat￿181 rf, WKlividualty or in the agw*. Ilw coukl reasonabty be expe(aed to
infiuence the econom￿ decisions of users tsken on the basis of these finan(xal ststements.
Irregularities. inckKling fraud. are ￿￿tanCeS of non-complianc* wilh lavs and regulatior
We design procedure5 in li￿ wr responsibililies. ouuined above, to delect material
misstatemenis in respect of wregularilies. induding fraud. The extent to whith cw w￿lureS
are capable of (letedwig irregularilies. ind￿￿[￿j fraud are *t out bek)w.
In KIenti￿ng a￿1 assessing risks of material misstatement in respect of wregularities. induding
fwl and nOn￿OMplian¢e with law6 arKI r8gulaliorLs. ow procedures rKluded the following:
Page 9

INDEPENDEiifAUDrroRS' REPORT TO THE TRUSTEES OF THE GREENVIICH CARERS
CENTRE
FOR THE YEAR ENDED 31 IAARCH 2024
We perfOrn￿ anatytical wocedures to Klentify any unusual or unexp8cW relatK)nships
that may indKate rtsks of mtsial Mi￿teMent due to fraud.
In addressing Ihe risk of fraud through management overTKle of UKbtrols. we tested the
appropiateness of ioumal entr￿ and other adjustments, assessed whethw Ihe
judgements made in making a¢cA)unling estwnates are indicatlve of a potential bias and
tested S￿nif￿1 trdilsaclions that are unusual or those outsmle the notmal (x)urse of
Because of the inherent limltaltons of an audit. there Is a rBk that ￿ will not detect all
irregularilies, indudlng those leading to a material misstat￿￿ent In the fmancial slatements or
rK)n-cornpllan￿ regulation. The risk is also greater regarding irregularities 0c¢wrrW￿ due to
fraud rather than emx. as frdud HMAves inlenlional concealment, forgery, collusion, omissK)n or
A further desrybon of our reSpMs1b￿1tIeS for the audk of the finayjal statemerts18 located on
the Financial Rep(￿l￿1g Council's website at [www.frC.¢xg.uklaudito￿r8Spons1b1frtle51. Thls
description fomis part of our auditi)rfs rep(wL
Llse of our rnport
This report Ss made solely to the Charity's rnmber5, as a body. in aC￿ance wilh Chapter 3 of
Part 16 of the C(xnpanl8s Act 21K16. Our audit vrtxk has been underlaken go that we might stste
to the Charftys membets those malters we are requred to state to them in an audi￿5 report
and for no other purpose. To the fullest extent p￿Itted by law. we do not accept or assume
responsibility to anyon8 0th8r than the Charivs members as a b(Mty. for our audit wcrfk. for this
repcrt or for the opinions we have f(Kmed.
An11￿Y Epton (
for and (m bohalf of
Goldwlns Umltad
Statutory Auditor
Chartered A¢counlant•
75 Maygrove R¢)ad
West Hampstsad
London NW6 2EG
tory Auditor)
Page 10

sTATEhlE￿r OF HNANCIAL ACTivmES
(i)c4xp￿ti￿ an income and expendilu￿ ac(¥)unt)
FORIHE YEAR ENDED 31 AIARCH 2024
2024
2￿23
Total
funds
Donations and lega￿S
10.577
10.577
Charitsble athities
645,024
13,087
49).257
Ottw tr8ding adivit
31.574
31.574
40.942
Tolal InGomo
687.175
13.087
700362 536,643
640,TT4
44.678
685A52 583.410
Total 0xpendi￿re
640,774
583.410
Net Income l (expondlturn) bgforn transf•rn
46A01
14,810
(46.767)
Transfers between funds
Not Incom• l (w>•nditurn) for tho yoar
46,401
(31.591)
14.810
146.767)
Reconclllatlon of funds:
T¢Jtal funds br(￿g￿ forward
15
101,437
31,591
133,028
179,795
147.838
147,838
133,028
All of the abov8 results are d8rtv￿l from mltlnulng acll¥lli88.
Page 11

BALANCE SHEEr
AS AT 31 IAARCH 2024
2023
2023
Tangible assets
10
33.427
33.427
11
31619
34.557
110.236
144,793
Cash at bank 8nd in hand
237203
Llabllltlos:
Creditors: arrrf￿nts falling due *ithin year 12
(45.192
146N16
99.601
Total n•t a880ts
147.838
133.028
Funds
15
Restricled fvnds
31.591
Unrestricted funds:
Designated furKIs
General funds
Total unrestrictgd fvnds
100,000
47.838
75,000
26,437
147,838
101,437
Total funds
147.838
133.028
- 2.9.,. ...QAfv kL*
and sig1￿d on their behalf by".
Dr Tlna Challacombo
Slmon Tovey
The alla(*￿A notes fcThi part of the finan(aal stalements.
P4e 12

THE GREENWICH CARERS CENTRE
STATEMENT OF CASH FLOW
FOR THE YEAR ENDED 31 PIARCH 2024
2024
2023
2023
Net cash provided by l (used in) operating acbvibes
16
94702
(55,448)
Cash flows from Invesling a¢tlviti•s:
Salel (purchase) of r￿ed assets
Cash provKlad by l (used In) Investing adfvllles
(354)
Changg In cash and cash equlvalents In the year
(55.448)
Cash and cash equivalents at the beginnlng of the y
Change In cash and cash equivalents due to
exchanga rnte movements
110.236
165.684
Cash and cash oqulvalents at tho of the year
17
110,236
Page 13

THE GREENbMCH CARERS CEKTRE
NOTES TO THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 IAARCH 2024
a) Basi5 of preparallon
The finanaal statenwts have been weparaj in a¢x(xdan￿ with Accwntir¥J and Re￿I￿g by Charitles:
Statefflent of Re￿)MmeTHjed Praclice applicable lo tharitses prepar1￿ Iheir aCxX￿ntS in ac(xXthn￿ with
the Finan(ial Re￿rtIng Standard appllcable in Ihe UK and R￿blIC of Ireland (FRS 102 - effective 1
Ja￿ry 2015) - (Charilies SORP FRS 102) arKI the Companies Ad 2(￿.
The charltable company meets the definition of a wblic benefft entity under FRS 102. Assets and liabilities
are inilialty re(￿nISed at historlcal cost or lr8nSactiL￿ value unless olhoThTh stated relevant
ac¢ounling policy or ￿.
b) Golng c<wKern
The trustees (aThKler that there are no material un￿rtaT￿leS about the charitabl8 (xxnpan*s ability to
uncetsnty at the rep(*ling date that have a signifi12nt risk of causing a material adjus1me￿ to the carryi
amounts of assets and liabiliti￿ within the next rep(wling period.
c) Inco
the income have been me( it is probalAe thal the ineA)m will b8 recwed WKI that the amount can be
maasured ieliabty.
In¢ome from govemmerrt and olhef grants, whe11￿ 'C8iMlal' grants or 'revenue' grants, is rec(yJnised when
the chaTIty has entitlement to lh8 funds. any performance condltlons attached to the grdnts hav6 bean met,
it is probable that th8 Incom8 w511 b8 recefved and the amount can be measured ￿lIablY and is rnt detsrred.
Income received in advan￿ for the provision of speofied servi(¥ is defefred untl the criteria for income
re(xJgnill¢)n meL
For lagaaes. entiuement is tsken as the earlier of the date on the (knity is aware thal wobata
h8s been granted, the estate has been fmalised arKI nOtifi￿lon has baen made by the execulor(s) to the
ch*ity that a distribution will be made, or when a distribution is received fr￿n the estate. Receipt of a
legacy. in whole or in par( is only Consi￿ pnthble when the afflount can be measured reliably and the
charty has been notified of the exe(xtt￿S Intsnkn to make a distrlbulion. Where legacies have been
nolified to the charity. or the charity is awar8 of the grdnting of prcthte, and Ihe (xiteria for inco
recA￿nItion hav8 not baen mel. then thg18qacY Is a treated as a conllnoent asset and disclo8ed rf ma￿la1.
dl Donations of glfts. s•rvlc88 and facllltles
Dona￿ prdessional services and donated fac¥llOes ar8 rwni88d as Income when the charlty has control
receipt of e(x)nomic benefit from th8 U58 by the th￿lty of ts item is probab18 *wJ that economlc benefft
can be measured reliably. In accordance wilh the Charilles SORP (FRS 102), volunteer lrn is not
re(x)gnised so refer to the trustees, annual report for rn0￿ w)fomithn abcKrt their (x)nlribulion.
On receip( d(mated gifts. professK)nal Servi￿ and donaled faGlilies are re(x)gnised on ts basls of the
value of the gift lo the charity which is the amnt the charity would have been willirvJ to pay to oblain
seThices or facilities of equivalent 8conomK benefft on the ¢yn marf a corresponding amount is Ihen
recognised in expendilurn in the wicxl (rf ￿￿•pL
o) Interest receivab
Interest on funds hekl depo&t is induded vtt￿ ￿1vable aThJ the amunt be measural reliably by
the d￿rILy. thts Is upon TK)lifi(th of the interest paid or payable by the bank.
fj Fund accwrtlng
Unrestri(aed fund5 are available to SP8nd on ￿11¥11￿8 Ihat further any of the purposes of tharity.
Deslgnaied funds ar8 unrestri(*ed funds of Ihe charity whlch the trustees have dec#d8d at Iheir dIs(xe1k￿ to
be sdely used for parti(xtsr areas of the chariWs or sF)e(xFK projects bel￿ undeTlaken by
Page 14

THE GREENWICH CARERS CENTRE
NOTES TO THE FINANCIAL STATBIENTS
FOR THE YEAR ENDED 31 IAARCH 2024
1 Acc4￿ntIng pollcits {conlinued}
g) Expendiiura and irrecoverable VAT
Exp8fwJiture is r8(yJgnised once there is a legal or Constr￿ obligalion to make a payment to a third
paty. it is prcthble that setdement ￿11 be tequred and the amount of Ihe obligalTh (an be m&2SUted
reliably. EX￿di￿re is dassified under the followr¥J ac*vity headings:
. Costs of raising ¢xNnprise of Irading (xjsts and the costs irurred by the tharitable (xwnpany in
induring third parli8S to make volunlary contiibuli(ms to IL as well as th8 CA)St of any acbvilw wilh a
fuThlraising purpose.
underfaken to further the ￿rpo￿ Ihe charity arKI their associated support (x)sts.
Other expendiiure re￿esentS those Ilen￿ not falling into any other heading.
Ifrec(werable VAT is charged as a cost against the acllwty for the expendibjre was in￿rred.
h) AllOCath￿ of support Costs
Support costs are those fundKmS that assist work of Ihe charity but do not directy urM18rt8ke charitable
activlties. Support (x)sts include back offKe costs, finan￿. personnel, payroll arKI govÈmance costs which
raising funds and expenditijre on charitsble adivibes. The bases on whith support cThts have been
allocated arè 88t in note 6.
I) Oporating knsos
Rental charges are charged on a slrnyht line basLs over the temi of the lease.
J) Tanglble fixed assets
Items of e¢wipment 12iylalis￿1 the pur¢JMse wice exceeds £1,0(X). De￿￿Ja￿On is provided at
rales ￿lCUlated to write d(ywn the (Tht of assel to ib es1imated resNJual over its expected usefvl
equalty over the remalnww18mi of the lease
25% reducing balanc8
50% redu(xng balance
Fithres and fiitings
Compth equi)ment
k) Debtors
Trade arKI Other debt￿5 are re(xJgni59d at the seitlem8nt am￿nt due aftw any trade disoxmrt offered.
Prepa￿nents are valued at Ihe amount wepald net of ary trade disc(xmts due.
l) Cash at bank and In hand
Cash at bank arKI cash in hand includes cash and short term highty liquid investThnts with a short matsjrity
of three m¢Mths or less fr(Mn the date of 8cwisltion or opening of the deposit or 8imll8r account
m) Crwlltors and provislons
Cr8ditors and provi8ions are re(xJgnised where the tharity has a pr8s8nt obligatson r8suIW from a past
event Ihat will probably result In the transfer of funds to a third paty arml the amount duo to settle the
Obligath￿ Izn be measured or estimated reliabty. Creditors ar￿ provisi0r￿ are normally recognised at their
setdement amount after allowing for ary trad8 dis(xJunts due.
n) Financlal instruments
The charity onty has financial assets and financld liablllties of a klrKI that qualify as baslc finandal
Instruments. Baslc fmancial I￿￿trUments are initially r￿￿)gnised at transaclicffi value a￿1 subsequw)ty
o) Penslons
Page 15

NOTES TO THE FINANCIAL STATEPAEKrs
FOR THE YEAR ENDED 31 PIARCH 2024
2023
2023
2023
Total
Income from:
Donations and legacies
Charitable adivities
Other trading adivilies
Totsl Incomg
463.647
40.942
510.033
26,610
490.257
40.942
536.643
26,610
Expendlture on:
Charitable aCtI￿lieS
525,210
583.410
583.410
Total expendlture
58.200
Net Inc(xne l oxpondlture boforn transfers
Trnnsfers bet￿￿8ft funts
(15.1T7)
(31.590)
(46.767)
Not incom• l oxpenditurn
Reconcillallon of funds:
(15,1Tn
(31,590)
(46.767)
Tolal funds bwht forwar(I
116.614
63,181
179,795
101437
31,591
133.028
3 Incomo from donations and Iggacios
2024
2023
Total
Donal1(￿ and legacies
10.577
10.577
10.577
4 Incomo from charltable actmtl
2023
Total
Royal Borough of GtBenwlth
Carets Trust
National Lottery
Primary (xre netwoths
The Henry Smith Charity
Garfield Weston Foundati¢Jn
Masonic Chaiitabla
497.0(M)
497,000
2A87
81,874
3TI,900
6.610
24,647
2,487
81.874
41,150
25.000
41.150
25.000
10.600
658,
41,100
10.600
2024
Total
2023
Total
Stablos incofne
Bistro income
7.341
24.233
31.574
7.341
24233
31.574
20.861
20,081
40.942
Page 16

THE GREENWICH CARERS CENTRE
NOTES TO THE FINANCIAL STATEhlEKrs
FOR ThE YEAR ENDED 31 MARCH 2024
6 Analysis of axpondliure
Basis of Charilable Supprxt
2023
Totsl
411.514
38.526
3.174
6.719
19,
411.514
333,868
27.688
Direcl
Direct
Travel
&174
719
19.064
105.230 104230
1,658
38,903
11.349
14.828
14828
32,359 31359
1128
1128
15.716
12,132
89.321
2,228
33,469
18.492
14.613
32.552
1.831
Bistro expenses
Premises
Staff training & re(xuitment
General office
Lega & professK)nal
Audil & a￿unts￿
Depreciatson
Bank charges
Loss on disposal of ￿ed as8ets
Usage
38.903
Usage
478.997 2W455 685N52 583.410
,455 (206.455)
Total •xpondlturn 2024
685A52
Total eXpendi￿re 2023
583.410
583.410
Of the totsl expendiiurn. £640,774 (2023: £525210) was Unrestri(￿ aThJ £44.678 (2023: £58.2(M)) was
r8stricted.
Support costs aro dI0￿ed based on the woi8thd tima sp8nt by th6 empkny883 on varfous charitablo
activities.
Page 17

THE GREENWICH CARERS CENTRE
NOTES TOTHE FINANCIAL STATEMEirrs
FOR THE YEAR ENDED 31 MARCH 2024
7 Net income l (axpondliure) for the year
2024
2023
This is stated aftw chaning l (crediknJ):
Opernting l&qse rentas:
50375 49.253
31359 32.552
33
3.750
Audilorfs remunera
2024
2023
Salafies and vages
370.265
28249
13,000
411.514
300,561
22.673
10,634
333.868
Employerfs contrilxrtk>n to (x)ntritArtbn penslon schemes
No employee rec£fved employee benefits (exdudffKJ pension) exceedlng £60.CMXI during the
r (2023: No empw).
The tolal emFlo)*e berth indudiNJ pen8th COntrth￿ and empws natlonal Insurance of tho key
managemeni were £148,7(M) (2023: £158,942).
None of the trustees received any remur￿f8Iw)n or re1ml￿rseMent for any e)yen88s during Iho year
(2023: £nil). No charity tsustee received payment for prOfeSs￿al ￿ other services suppli￿1 to the chaiity
(2023: £nl).
There were 16 ful and part4ime emplosyes during the star {2023: 13).
9 Taxallon
The charttab* company Is exempt from WpOrati￿ tsx as all Its Income Is charltable ar￿ Is applled for
10 Tanglble flxed assels
At th8 start of the ￿r
Additions in yEar
At the end of the jpar
311.475
28.470
37.153
377.098
354
37,507 377A52
311.475
28.470
Dapreclallon
At the start of th8 year
Charge year
At the end of tho >ear
279,884
31.591
311.475
27,160
328
27.488
36,627
440
37.067
343.671
32.359
376.030
Net book value
At the ond of the y
At the start of the year
All of ts above assets are used for chafftable purposes.
31.591
1.310
33.427
Page 18

THE GREENWICH CARERS CENTRE
NOTES TO THE HNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 ￿￿tCH 2024
2024
2023
Prepayments and other debtors
VAT Receivable
32￿14
305
31619
32.314
2,243
34.557
12 Crndltorn: amounts faHlng due wlthln one year
2024
2023
Taxation and social se￿Ilty
Accruals
6,760
19.376
19,056
45.192
90.787
20
2023
Balance at the beginning of the year
Amount released to in(x)me in ts sear
Amount deferred In the year
Balance at the end of the year
19.056
89.160
(19.056) (89,160)
43.959
19.056
19.056
13 Pemlon 8d￿me
14 *J*ls of n•t a8tats botwo•n funds
Tangibl8 fixed assets
Net current assats
1,422
46,416
100.(M)O
146A16
Anaty￿ of net a3sets beiween fund5 2023
Ta￿lble fixed assets
Net current assets
Net assets at the erKI of the yBar
1.836
33,427
24.601
75,000
99,601
.437 133.028
31,591
Page 19

THE GREENWICH CARERS CEPffiIE
NOTES TO THE FINANCIAL sTATEh1EP￿s
FOR THE YE*R ENDED 31 MARCH 2024
15 PA0vam•￿ in funds
At1Awl
At 31 PAar
2024
Income EX￿ditUre Transfers
Stables fund
Grants
31.591
(31.591)
(13,087)
13.087
31.￿1
13,087
{44.678
Unrestricted funds:
Designated funds
General funts
Total unrestrlcted funds
75.000
26.437
101,437
25.IJ)O
25.000
100.000
47.838
147.838
687.175
687,175
640.774
640.774
Total funds
147.838
Plovements In funds 2023
At 1 Aprll
2022
At 31 Mar
2023
Income Expendlture Transfer8
Restric￿1 funds:
Stab￿s fur
Grants
63.181
{31.590)
(26,610)
31.591
26.610
Totsl reStrIc￿ funds
63.181
31.591
(58.200)
31.591
unrestri￿ funds:
DeswJnated funds
General furKIs
Total Unrestric￿ fvnds
75.000
41,614
116,614
75.000
26,437
101.437
510.033
510.033
525.210
{525.210)
Total funds
179.795
541.624
583.410
133,028
16 R•conclllallon of n•t IncoTh I lexpndlture) to not ¢ash from operatlng actlvlt
2024
2023
Il•t Income l (eXw￿ltUre) for the reportlng pgrlod
(as perthe statement of financlal actlvltles)
D8preciation
Di5w)sal of fixed assets
(InGreasey decrease in debtor8
In(xeasel {de(xease) in creditDrs
Net cash wovlded by l (used In) oporathry actlvili
14810
(46.767)
32J59
32.552
1,938
4S595
(7.456)
33.777
55.448
Page 20

NOTES TOTHE FINANCIAL STATEMEIITS
FOR THE YEAR ENDED 31 MARCH 2024
17 Anatysis of cash and cash equivalants
At31
Other
At 1 April 20Z3 Cash changes
Cash at bank arKI in harKI
110236
Tolal cash and cash equlvahnts
Totsi (xsh and cash ￿ul¥a￿ts 2023
110.236
18 Operatlng lease commltments
Total fvture minimum lease payments under non4mHable operallng leaw are as follthvs:
Propety
2024
2023
Less than 1 year
1-5y8*s
50275 49.253
19 Legal status of thg chaiity
The charity is a company limited by guarantee and has no share capital. Each member ig kable to
contr11￿te a 8um not exfxdiThJ £1 in the event of the (knrity bekng Mjund up.
There wer6 no related party transadims duTing th8 year (2023: none).
Page 21