THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE A company limited by guarantee (Charity No. 1040518) (Company No.. 2955846) Report of the Trustees and Unaudited Financial Statements For the year ended 31 March 2022
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE YEAR ENDED 31 MARCH 2022 CONTENTS Pages Legal and Adminislialive Information Trustees, Report Indepenctenl Examiner's Report Statement of Financial Activities Balance Sheet Slalemeiit of Cash Flows Notes to the Finaftcial Slalemenls
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE YEAR ENDED 31 MARCH 2022 LEGAL AND ADMINISTRATIVE INFORMATION CONSTITUTION The Princess Royal Trust for C8rers in Ftampshire is a company Iimrted by guarantee and a ie9islered Charity governed by ils Memorandum and Articles of Association.. CHARITY NUMBER- 1040518 COMPANY NUMBER: 2955846 CHANGE OF NAME Thts ¢h8rity passed a special resolution on 11 July 2Dog changing its name from Wlnchesler and District Carers Centre to The Princess Royal Trust for C3reTS in Hampshire. DIRECTORS ANIE) TRUSTEES The dire¢lors of the charitable company I'the charity") are Its trustees for the purpose ol charity law and throughout this report are collectively refèrred lo as its Iruslees. The trustees serving during the year and since the year-end werè as *ollows'. DIRECTORSITRUSTEES MANAGEMENT COMMITTEE: A Darlingto M Laicoinbe M. Marval M_ Moore I, Tail CHIEF EXECUTIVE.. K Hearsey MBE REGISTERED OFFICE.. Andover War Memorial Hospital Charllon Road Andover Hampshire United Kingdom SP10 3LB INDEPENDENT EXAMINER.. Rothmans LLP Avebury House Sl. Peter Street Winchester Hampshire S023 8BN BANKERS. National Weslminsler Plc. Old Bank Branch 105 High Street Winchester Hampshire S023 9AW
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company Nc>'. 29558461 REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2022 The Trustees aTe pleased to present their report together wilh the financial slalemenls of the Cliarily for the year ending 31 March 2022. which ?re also prepared lo nieel Ihe requirements for a directors, report and accounts for Companies Act purposes. Legal and Adminislralive information sel out on page 1 forms part of this report. The financial slalemenls have been prepared in aeeordance will) the a¢coui)ling policies set out in note I lo the ac¢ounls and comply with the Memorandum 8nd Artioles ofAssociation, the Charities Act 2011. the Companies Act 2006 and Accounting and Reporti by Charities.. Statement ol Recommended Practice applicable to charities prepariiig their accouTrls In accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. STRUCTURE GOVERNANCE AND MANAGEMENT Constitution The Company is a company limited by guararslee and a registered charity governed by MemoranLlum and Articles of Association. The obje¢lives of the charity are sel out in ils Memoranclum and Articles of Associal¥on and are locussed on supporting people vdio are caring for others and are themselves in necessitous circumstances and advancing education concerning Garing among carers and the public. Method of appointmènt of Trustees and policles adopted for the induction and training of Trustee$ The Charity is managed by a Board of volunteer Trustees who have a direct inteiesl in Carers, i.e. they are or were Carers themselve$ or have exper(ence, now or in the recent past, of organisations pioviding services and support for Carers. The laller includes Doctors Icurrenl or forme¥l. elected Councillors, Directors of commercial companies providing Carer support plus those with an interest in Carer issues who have skills, e.g. fir)ancial, business, fund raising, which is of use lo the Charity. The Trustees are non-execLrtive but provide support from Iheirexpeiience in relevant areas ofbusiness (finance, budgeting, organisational). Prospective Trustees are inlrodueed lo the current Truslees and, if they are judged lo fil the profile soughl, they are ivIted lo Board meetings, lo events and lo meetings with cenlfe sl8ff. The new Trustees are required to attend an induction programine lo acquaint themselves fully with the Trusts core aclivilies. If, ?fter a period of time attending Board meetings, staff meetings and Carer evenlg, the proposed Trustee feels they are abl¢ and have a desire to be involve(I with the Charity as a Twstee, the Board will de¢i(fe, based upon ilg needs and its view of the proposed Truslge, lo invite them to join the Bgard. At the point of joining the Bosrd, new Trustees are therèfore familiar with the operations of the Charity and lurther specific training is provided as necessary. Dctumenls and pléns for CL*rrent and proposed activities are presented lo the Board. Trustees, Indemnity IIisLtrance An iiisurar¥ce policy is in place to indemftify the Trustees against any negative financial Impact resulting from actions of Trustees made in good faith. Organisational structurè and decision maklng The Charity is managed by a Board of Trustees. The Board meets quarterly wilh day-lo-day management delegated lo the Cenlrè's Chief Executive. Reports from the Chairman and Chief Executive are given sl Boaid Meetings to enable discussion of any actions lo ensure the Charity's objectives are met. The Charity Is autonomous in terms of control and financing bul is a Network Partner of Carers Trust and is affiliated to Carers UK. The Charity's activities ar8 regulated by the governing docuirenl which is located al the regislerod office.
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE Icompany No." 29558461 REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2022 Key management personnel remuneratlon The Trustees ctsnsider the Boaid of Trustees, the Chief Excutive and senior management comprise the key manageinenl personnel of the charity in chai'ge of directing and controlling the charity and I'unning and operating the charity on a day to day basis. Al Trustees give of their lime freely and no Tiuslee iemuneralion was paid in the year. The pay of the Trust's senior management is reviewed annually by the Trustees. Related party relationships In thè opinion of the Chairman and the Tiuslees, the only related party transactions in the yeai are those iscltssed In the notes. Risk management The Trustees have assessecl the major risks lo which the Charity is èxposed, in particular Ihose related lo the operations aiid finaiices of the chaiily. They are satisfied that systems and procedures are in plae& to mitigate their expc)sure lo the major risks. OBJECTIVES AND ACTIVITIES Policies and objectives The Trijslees have devised a comprehensive list ol relevant policies. Copies of these are available upon request. The objectives of the charity are listed below.. To make contact with Carers, especially in the rural arèas of tho district To improve and refine the services offered to Carers in response to their n&eds To advocate for the needs of Carers by seeking to be consultèd on Health and Social Service Policy al both local and National level. To inff uence the prtsvision ol services aiid encourage innovation To ensure the financial viability ol the centre To implement the Care Act 2014 To ensure Ihal the service is open to all and inclusive for all. strategies for a¢hieving objectives Strategies formulated by the Trustees. staff and volunteers are presented lo the Board and implemented as appropriate. Activities for achieving the objectives The activities for achieving objectives are mèny aiid vari¢d, mostly organised according to demand. Seices Fxovided are. Information. advice and guidance Advocacy and represenlalio Liaison with slaluloiy bodies Access lo training and education Respite Opportunities Regular carers, support groups Einc>lional support aiid a listening ear Emergency P18nniiig lor Carers Free Counselling by way of volLJnlary qualified Counsellors Carors, Clinic8 In the community and GP surgeries Carers Drop In Time Together Groups Assistance with applying for benefits and for help from statutory bodies C£rers Hubs
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE IComp&ny No.. 29558461 REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2022 Programme related investments The charity ttas not made any programme related investments. Volunteers Volunteers hav& again assisted the Charity in various ways. This included assistance with newsletters, events, support groups. hubs #nd counselling foi C8rers. We are grateful lo each and ¢very volunteer lor his or her contribution. ACHIEVEMENTS AND PERFORMANCE Review of activities The Trust continuÈs lo provide services with a Gore contract with Hampshire County Cout)eil as well as the five clinical cominissioning groups, now the Hampshire and Isle of Wi9ht Iiilegraled Care System IHIOWICSI for the provision of the Emergency Planning for Carers service. We also proviLle c2rer support, advocacy, advice, guidance and drop in's in the North East of Hampshire. We continue to provide services lo the former West CCG area in the form of lunch and learn training sessions with GP surgeries and other flexible s&rvi¢&s lo support Carers within the surgeries. We giv& regular support, advice and provide advocacy lo Carers throughout Hampshire in complex caring situations. The Trust is led by Kerry Hearsey MBE, Chief Executive and is supported by 8n experittnced glaff team who pul Ca¥ers at th¢ heart of the services that we provide. Their ability to provide such an excellent service is feflected in the incredibl& regular feedback received from both carer$ 8nd professionals. The Trust continues lo enjoy good stron9 working relationships with Hairpshire County Council. and conliiiues to strengthen Ils relationship with the newly emei'ged Inlegraled Care System IICSI. We continue lo enjoy good strong working relalionships with the Parkinsons Society, One Community in Easlleigh, the VolunlaTy Community Services, Action Hampshire, Citizens Arlvice and Needs Too lo natne bul a few. The pandemic has changed the way Ihal we deliver SeiceS to Carers and il Is 8 les18menl lo our staff that the number o* Carers we support continues lo grow even though Ihei'e are challenges lo providing our service ancs r&laining the high quality that we have always strived for and continue lo maintain. Our main Emergency Planning Servi is delivered in a vaTioly of different ways. This Can be fa¢e lo face, by telephone call or skype and zoom or self-completion. Some of our services such as Hubs and GP ¢linics in the North East have returned to face to face events bul our virtual offer iemains strong lo reftect the wishes of Carers and how they have requested seTvices. Our virtual offer includes weekly coffee mornings, fortnighlly exercise classes, singing and counselling sessions as well as monthly book elub, art Class, baking and flower arranging. As National Slalistics show the ntjmber of unpaid Carers is continuing lo grow so the demand lor the services that the Tiusl can provide does too. Carers need the iighl support. advice and gui(lance as well as both emotional and praclical support when they need il most. Investment policy and performance The Trustees aim lo maximise the amount of inveslmeiil in¢ome received whilst keeping the charity's funds reasonably accessible, in accordance wlh the Articles of Association. The charity does n(>t curfenlly hold investments other than monies held on deposit. FINANCIAL REVIEW The Trust reported nel income of £31,687 for the year lo 31 March 2022. As al 31 March 2022. the Tru51 had reserves of £429,683 of which £42.786 relates lo iestricled funds, £25.000 re181es lo designaled funds, and £361,897 is unreslri¢led and availabl& for the genèral PUTposes ol the charity.
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE Icompany No." 29558461 REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2022 Reserves policy The Trustees policy is to maintain free reserves in unreslricled fL>nds &1 a level which equates to approximately six months of running costs bul the aim Is lo have freè reserves in unieslricted fuiids al a level which equates lo twelve months ol running costs. The Trustees consider that this level will provide sufficieiil funds lo maintain the provision of Charitable activities and, if ne¢essary, lo respond to any changes in Harnpshire County Couiicil funding. Principle funding Our piinciple funder continues to be Hampshire Ctsunly Council. Thè Trust is forttjnale that il continues to hold a contract with Hampshire County Council which gives stability lo Core activities as well as further grants with the Integrated Care Sy5teir. The Board is aware of the importance of continuing to seek alternative funding st¥eams and also maintaining adequate financial reserves. PLANS FOR THE FUTURE It is essen1181 to ensure the continuation of all Core work of Ihp Charity. The Trust will continue lo strenglhan relationships and working praclieès with health bodies as well ss the local authority. The Trust will continue to monitor and Implement Carer legislalioTI, policy and goocl practice. PUBLIC BENEFIT The Charity provided free, impartial and appropriate support lo Carers Ihroughoul Hampshire through information, advice, guiclance and advocacy. Carers are also supported with help with respite care and IranspDrt2lion. The TrLJSt supports carers with information. advice and support on a one to one basis in Complex caring malters. The Emergency Planning lor Carers Sclieme is oper8led sno is avai18ble 24 hours a day 7 days a week should a Carer become ill or encounter ali emergency where they could not care for their cared-for and we have seen an Increase in the number of referrals being made as well as the number of plans aclivaled. The Trust conbnues lo hold a Carer Support ¢onlracl wilh the North East Hampshire and Farnham Clinical Commissioning Group to PTovide carer support through Carers Hubs, GP clinics, training and oiie to oiie support by providing information, advice, guidance and advocacy. The Trustees confirm that they have complied with theif duly under section 77{51 of the ChaTilies Act 2011 10 have due regard to the Charity Commission's guidanc& on public benefit when exercising any powers or duties lo which this guidance is rèlevant..
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE Icompany No. 29558461 REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2022 TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The Trijslees, who are alsts Director5 of The Princess Royal Trust lor Carers in Hampshire for Ihts purpose of company law, are responsible foi preparin9 the Trustees ieport and financial slalemenls iii ac¢ordan¢e with applicable law and United Kingdom Accounting Standards Iuiiited Kingdom Generally Acc¢pled A¢counliiig Practice). Company law requires the Trustees lo prepare financial sl8lemenls for each financial year. Under that law the Trustees have elected lo prepare the financial slalemenls accordance with United Kingdom Generally Accepted Accounting Practice {UnilÈd Kingdom Accounting Standards and appSicable lawl. Under company law the Truslees must not approve the financial statements unless they are satisfied that they give a true an($ fair view ol the slate of attairs of Ilie cl)arilable company and the profil orloys for the ¢haiilable company for that period. In preparing these financial statements the Trustees are required lo.. Select suitable accounting policies and apply them consistently., Observe the Inethods and principles in thè Ch8rilies SORP Make judgments and estiinates that are reasonable and prLJdent', Stale whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial slatemenls.. and Prepare the accounts on a going concern basis unless il is inappropriate to presuine that the company will continue in operation. The Trusle&s are rèsponsible for Inainlaining proper accounting records which disclose wrth reasonable a¢¢uiacy at any lime the financial position of the Charity and eriables Ihem to ensure that the financial statements comply with the Comp8nie8 Act 20J6, the requirements of the Charity's governing dtscumenl the requirements ol the Charity SORP. They ale also responsible for safeguarding the assets ol the Charity and hence for tsking ieasonable slep8 lor the prevention an(t deteGIIDn of fraud and other irregularities. This report has been prepared ir* a¢¢ordan¢e with the provisions of Part 15 of the Companies Act 2006 relating lo small companies. ON BEHALF OF THE BOARD OF TRUSTEES: Ja_ Marval - Chairman Dale.
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE {'THE COMPANY'I (COMPANY NO. 29558461 FOR THE YEAR ENDING 31 MARCH 2022 I report to the charity trustee5 on my examination ol the accounts of the Company for the year encled 31 March 2022. Respot)slbilities and ba$Ts of report As the charity's Iruslees of the Company land also ils directors for tlie purposes ol company 18wI you are resFx>nsible fot the preparation of the &ccounts in accordance with the requirements of the Companies Act 2006 I'lho 2006 Acl'l. Having satisfied myself that the accounts ot tho Company are not requirelf lo be audited under Part 16 of the 2006 Act and ar¢ eligible for independent examinaton, I repc>rt in respect of niy examination of your charity's accounts as carried out under section 145 of the Charities Acl 2011 I'lhe 2011 Act'l. In carrying out Iny examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examiner's statement Since Ilie Company's gross income exceeded £250,000 your examiner Inust be a member ol a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake IhÈ examination because l a member of Institute of Chartered Accountants in England and Wales, whicli is one of the listed bodies. I have complèied my examination. I confirm that no mallers have Come to my attention In connection with the ax8inin8lion giving me cause lo bèlieve.. accounting records wertr not kept in respect of the Company as rèquire(f by section 386 of the 2006 Act", or 2. the accounts do rK)l accord with Ihoye records-, or 3. the accounts do not comply wilh the accounting reqLJiremenls of section 396 of the 2008 Act other than any requirement that the accounts give a 'lrue and fair view which is not a matter considered as part of an independent examination.. or 4. the accounts have not been prepared in ac¢ordance with the methods and principles ol the Statement of Recommended Practice for accounting and r£portino by charities applicable lo charities preparing their accounts in accordance with the Financial Reportin9 Standard applicable in the UK and Republi¢ of Ireland IFRS 1021. I h?ve no conceins and have come across no other Imatters in connection with the examination lowhich attention should be drawi) in this repori in order lo enable a proper understanding of the accounts lo b& reached. Susan Sullivsn FCA Rothnians LLP Chartered Accounlanls Avebury House Sl Peter Street Vvinchester Hampshire S023 8BN . 22 December 2022
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE Icoinpany No." 29558461 STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDING 31 MARCH 2022 Total Funds 2022 Ttstal Funds 2021 Unrestricted Funds Re5trictsd Funds INCOME FROM.. Doiiatiolls legacies Charitable activities Investments 7,424 51.900 38 7,424 423,969 42 15,963 462,887 141 2b 372,069 Total Income 59,362 372.073 431.435 478,991 EXPENDITURE ON.. Charitable aGlivilies 10,672 389,076 399,748 409,871 Total expenditure 10.672 389.076 3&9.748 409.871 NET INCOME I IEXPENDITUREI 48,690 117,0031 31,687 69,120 TiarTrsfers betweeD funds 14 16.0811 6,081 NET MOVEMENT IN FUNDS 42.609 110,9221 31,687 69,120 RECONCILIATIOhT OF FUNOS.. Total fuiids bioJghl loward 14 344.288 53,708 397,996 328,876 Total tunds carried foiwdrd 386,897 42,786 429,683 397.996 The statement of financial activities includes all gains and losses recognised in the year. All income and exp&ftdilure derives from continuing aclivilies. The i?oles on p8g&s f I Ic) 23 fonn pait of t17ese finai?ci81 slalemei?ts
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No. 29558461 BALANCE SHEET FOR THE YEAR ENDING 31 MARCH 2022 Notes 2022 2021 Fixed Assets Tangible Assets Total fixed assets 16,780 16,780 18,150 18,150 Current Assets Debtors Cash at bank and in hand Total current assets 2.556 425.064 427.620 10,(MO 382.810 392.85Q 10 Liabilities Creditors.. Amounts falling within one year 11d,7171 113,0041 Net current assets 412,903 379,848 Total iiet assets 429 683 397 996 The funds of the ¢harSty'. Unreslrictecl Funds Restricted Funds Total Charity Funds 14 14 386,897 42,786 429 683 344,288 53,708 397 996 The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ending 31 March 2022. The members have not required the company to obtain an audit of its ac¢oui)ts for the year ended 31 Mar¢h 2022 in accordan¢e with section 476 of the Companies Act 2006," The trustees acknowledge their re5ponsibililies for. al ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and bl preparing financial statementg wrtiich give a truè and fair view of the slal@ of affairs of thé charitable company as al the end of eacli financial year and of ils surplus or defic1 for each financial year in accordaiice with the requirements of Sections 394 and 395 and which othepArise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable lo the Gharitable company. These accoijnts have been prepared In aecord8nce with the special provisions of Part 15 L)1 the Compai)ies Act 2006 rÈl&tiny lo small Companies and consliliile the annual ?onIS required by the Companies A¢1 2006 and are for circulation to members of the company. The fi'nancial statements ere approved by the trustees on behalf by.. were signed on their l Tail Trustee Dr M Marval Chairman Tl?e notes un pages It to 23 fom7 part oflhese financial stal&me171s
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Coixpany No. 29558461 STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31 MARCH 2022 Total Funds 2022 Total Funds 2021 Notes Cash provided by operatiftg activities- 20 46,691 76,482 Cash flows from iiivesting a¢tiviti¢s Interest from investments Purchase of fixe(t assets Net cash provided by Investlng activities 42 4,479 14.437 141 19,191 19,050 It)crease iii cash and cash equivalents in the year 42.254 57,432 Cash and tash equlvalents at the beginning of the year 382,810 325,378 Cash and cash equivalents at the end of the year 1CI, 21 425,064 382 810 T17e 1701es on pages 7110 23 fonn part of Ihose fi17ai?ci81 stale11111$ 10
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE {Company No.. 29558461 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2022 The Princess Royal Trust for CaTers In Hampshire is 2 charitable company, limited by guar3ntee. registered in England and Wales. Its registered office and principle p18ce of business is And(>ver W3r Memorial Hospital, Chaillon Road, Andover. Hampshire, SP10 3LB. q. Principal Accounting PollcFes aj Basis of accounting The financial slalemenls ol the ¢l)arilable company, which is a public benefit entity under FRS 102. have been prepared in accordance wlh the Charities SORP IFRS 1021 'Accounling and Reporting by Charities-. ststemenl of Recommended Practice applicable to ¢harilieg preparing theii accounts in accordance with the Finaiicial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Secoiid Edition, leffeclive l January 20191, the Companies Act 2006 and the Charities Act 2011. The financial slalements have been prepared under the historical cost convention. The financlal slalements are prepared in slerting which is the functional and presenlalional currency of th8 Charity. The financial statements aTe rouncsed lo the nearest pound. The accounts are prepared on the going conGern basis, on the assumption that the charity thrill continue lo be suecesslul in tendering foi contracts with Hampshire CDunly Council. If these Contracts a Trol renewèd then it is probable that the charities activities would redu¢e substantially. The Iruslees have reviewed the charitie5 position and are confident that il hag adequate reserves lo enable it to continue lo operate lor the foreseeable fuluie. In preparing these accounts the truste¢s have not had to make any significant judgements. There are no 50uices of eslimalion nrtainlY which have a significant risk of ¢ausing a material adjuslmenl lo the carrying amounts of assets and liabilities within the next financial year. b) Periods Coverèd The accounts cover the year to 31 March 2022, with comparativ6s for the year lo 31 March 2021. cl Income Income is included In the Accounts on an accruals basis. Voluntafy income coinprises donations and grants of a general nature and is recognised when the cliarity has uncondllional enlillement lo the resourcès. In¢oine from charitable activities includes grants received lo fund specific programme activili@s, subscriptions and other incoming resources. Income from government and other grants is recognised when the charity has enlillemenl to the ILJiids, any performancè ¢ondilions allached lo the grants have been mel, il is probable that the income wtll l)e receivèd and the amount can be measured reliabsy. Income fiom grant agreements which require Ihe performance of services over lime is recognised as each period of senjice is delivered and income received in &dvaiKe for services to be delivered after the reporting period Is deferred as appropriate. Investment Income, comprising interest received on funds on deposit. is re¢ognised when receivable by the charily, The charity does not receive any donated goods, facilities or servic¢8. In accc)rdance with the Charities SORP IFRS 1021, the contribution of general volunteers is not fecognised within these financial slalemenls. Details of the role played by general volunteers and their contributions to tho Charity are given in the Trustee's Report. All income re121es lo the charity's sole activity of providing support to Carers in Hampshire. An analysis of restricted income by project is provided in Note 14 c>f th$se accounts.
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE Icomp8ny No.. 29558461 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2Q22 d) Expenditur& Expenditure is recognised on an accruals basis when a liability is incuired. Resources expended inclLJde attributable VAT which cannot be re¢oveied. Charitable expenditure comprises those costs incurrecs by the charity in the delivery of its activities and services for ils beneficiari$s. It includes both costs Ihal can be allocated directly lo such acttvilies and those costs of an indirect nature necessary to SLJPPQrt them. Governance costs are included within support costs and include Ihostr costs associated with Ineetiiig the constilulional and slatulory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Costs are allocated lo the headings fuiids on the basi5 of specific tjsage. Wliere costs cannot be directly allo¢al¢d they are apportioned between the Iwo major projects, Carer Support and Information and Emergency Planning foi Carers on the basis of funding. All pi'ojecls fall under Ilie charity's 501 ¢haritable activity of providing support lo carers in Hampshir6. e) Tangible FixodAssets Tangible fixed assets are slated at Cost less depreciation and comprise furniture, fixtures and computer equipment. Depreciation is provided on a straight line basis over the eslimaled useful ecoi)omic lrfe of each asset, which is considered lo be.. Fumilure and equipment Computer equipment 4 years 4 years Impairment reviews are carried out as and when evidence coines lo light that the recoverable amount of a functional fixeot asset is below ils nel botsk value due lo damage. obsolesGeiiGè or other relevant faclors. f) faxaÉion As a charity, The Princess Royal Trust for Carers is exempt froin lax on income and gains falling within section 505 01 the Taxes Act 1988 or $256 of the Taxation of Chargeable Gains Act 1992 to the exleiil that these are appliéd lo ils charitable obje¢ls. No tax charges have arisen in th¢ Charity. gj Operating Lease5 Leas& payments iii respect of operating leases are charged to the Profil and Loss account as incurred. h) Debtors Trade and other debtors are recognised al the settlement amoiint due after any trade discount oflere(S. Prepayments are va14Jed 81 the amount prepaicl after taking account of any trade discounts due. i) Creditors andprovisions Creditors and provisions for li3bililies and charges 2re rocognised wherè the charity has a present obligation resulting from a past event that will probably result in the transfer ol funds to a third party and the amount due to sellle the obligation can be measured or estimated reliably. Credilois and provisions are normally re¢ognised at their settlement amount after allomqng for any trade discounts due. J) Financial instruments The Irvsl only has ftnancial assets and financial liabilities of a kind that qualify as basic financial instruments snd are measured al amortised cost. Basi¢ financial Instruments vthich are debt instruments comprise trade debtors and ¢ash al bank and in hand an(t these assets are initially recognised al Iiansaclion value and subsequently measured al their settlemeiil value. The carrying amounts of these instruments afft given in Notes 9 & 10 of thès$ 8¢counls. Basi¢ financial instrumènts which are financial liabilities comprise trade creditors vthich are initially recognised al transaction value 2nd SLJbsequenlly measure(S al their settlement value. The carrying amount of these inslruinènls is given in Note 11 of these accounts. Income arising from finsftcial assets measured al amortis&d cost coimprises bsnk interest and is disclc>sed in Note 21¢). 12
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No." 29558461 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2022 k) Fund Ae¢ounting Restricted funds are maintsinecs when a grant requires that il musl be spent on a particular purpose or where funds have been raised for a specific purpose. Designaled funds are funds sel aside by Ihtr Iruslees foi particular purposes or projects. All other funds are unreslricied general inGome funds which are available for us¢ al the discretion of the trustees in furtherance of the general objectives of the ¢harity. l) Legal status of the Charity The Charity is a Company limited by guarantee and has no share capital. The liabilily of each member in the event of wnding-up is limited to £1. The ¢on7pany is prevented by ils Articles of Association from making distribution to ils membe¥s. m) Pension Contributions Employees of the charity are enlilled lo join a defined contribution 'money purchase, scheme. The charity contribution is re51ricled to Ihe conliibulion5 disclosed in note 3. The cosls of the defined contribution scheme are included wilhin wages costs and are charg&d to the unresliicled and reslficled funds of the charity using the methodology sel out in note 1 Idl_ The Trust has no liabilily in respe¢l of this pension seheme beyond making ils contribulions and paw.ng across the deductions for the employee's contributions.
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE Icompany No." 29558461 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2022 2. Income Unrèstricted Rèstricted 2022 2021 al Income from donations and legaciès DoRalions 7,424 7.424 7.424 15,963 In FY2021 £15.215 ot donations were unieslricleL* and £748 were restricted. bl Income from charitable activlties Grant 51 900 51,900 372,069 372.069 423,969 423,969 462,887 482,887 In FY2021 £69,745 of Grants were unrestricted and £393,142 were restricted. cl IF7come from Investments Bank and building society interest received In FY2021 all Interest received unrestricted. 38 42 141 3. Staff Costs and Trustee's Remuneration 2022 2021 Wages and salaries Social security costs Contiibulions to defined contribution pension schemes 218,407 15,209 4,607 238 223 245.566 17,206 4,951 267 723 The charity trustees were ntsl paid, nor received any other benefits from employment with Ilie Charity (turing the ye8r12021. £NILI. No ¢harily truslee received payment for profe55ional or olhei seNices supplied lo the charity12021'. £NILI. No charity trustee expenses have been incurred. The average monthly head count of employees iii the year was as follows.. 2022 2021 Centre Manager Administrator Carer Support Officers The Charity cons1ders ils key maiiagemenl personnel comprises the Chief Executive and senior staff members. The total eniploymenl benefits including employer pension conlribulions of the key management personnel were £129,764 {2021'. £148,476). During the current & prior years, no employees earned in excess of £60,000. 14
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THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No." 29558461 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2022 5. Grants Payable Grai)Is payable relate lo £78,497 of HCC Carers Grants Ina(te lo 187 recipients 12021.. £39,515 to 73 recipients) ad £250 of Surviving Winter grants IL) 1 receipient12021.' none}. No Carers Trust grants wei'e paid in the current year12021.. £2.670 to f 6 recipientsl 6. Net Income I lexp¢nditL5re for year) 2022 2021 This is slated after charging.. Deprttci8lion Independent Examineffs remuneration for". Independent Examination Accountancy Services 5.115 5,412 1.524 4,344 1,500 4,2L)O 7. Statement of Financial Activities - Comparatlve Figu$ Unresliicted Funcls Restricted Funds Total 2021 INCOME FROM. C)c)nalions and legacies Charitable aclivilie5 Investments Total Income 15,215 6g,745 141 85,101 748 393,142 15.963 462.887 141 478.991 393,89Ql EXPENDITURE ON.. Charitable activities Total ExpenditLJre 2,332 2,332 407.539 407.539 409,871 409,871 NET INCOME I IEXPENDITUREI 82,769 113,6491 69,120 Transfèrs between funés 119,5241 19,524 NET MOVEMEW IN FUNDS 63,245 5,875 69,120 Total funds brought fopNard 261,043 47,833 328.876 Total funds carried forward 344,288 53,708 397,996 17
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE {Coinpany No. 29558461 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2022 8. Flx8d A$$ets Computer Equipment Total Cost As at 01 April 2021 Additions Disposals As al 31 March 2022 20,129 4,479 11,174} 23,434 20,129 4,479 11,1741 23,434 Depreciation As al 01 April 2021 Charge lor the year Ilimii)alion on disposal As al 31 March 2022 1,979 5,115 1440) 8,654 1,979 5,115 14401 6,654 Net Book Valiie As at $1 MaY¢h 2022 18,780 16,780 As at 31 March 2021 18,150 18,150 9. Debto 2022 2021 Trade debtors Prepayinenls and accrued incon)e 18 2,538 4,57Q 5,47 10,040 10. Cash In hand and at bank 2022 2021 Bank current account Bank deptssil a¢U1 Cash in hand arid stamps 100 424,914 50 loo 382,660 50 425,064 382,810 11. Creditors - amounts falllng due withln one year 2022 2021 Trade creditors Taxation and social security Accruals and deferred income Other Creditors 3,951 3,934 6,832 1,921 3,479 6.692 912 14.717 13,004 18
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No. 29558461 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2022 12. Deferred Income The charity did not have any cleferred income in the current or prior year. 13. Fuiids received as agent No funds were received as agent during the current or prior yèar. 14. Analysis of Charitable Funds Analysis of Movement in Unrestricted Funds - Current Year Balance at Incoming Outgoing 8alan¢e at 1 Apr 2021 Resources Resources Transfers 31 Mar 2022 General Fund Designated Funds. Computer Hardware Total Unreslrided Funds 344,288 59,362 110,6721 131,081} 361.897 25.000 16,0811 25,000 386,897 344,288 59,362 110,6721 A transfer of £20.576 was made from unreslri¢led lunds lo cover ali over-spend on the Emergency Planning for Carers reslri¢led fund during the year. Tiansfers lolalling £3,275 were made from the HCC Covid Fund to unrestricted funds in respect of an allowan lor up lo 50/D of the grant value lo be 3pplied against administrative costs. Additionally, £11,220 was transferred from the HCC Covid Fund lo the unreslricled fund in respect of an amount whi¢h il was agreed could be applied lo fund the continuation of online activities. instead of face to face events, for e#rers (Iufing the pandemic. Al the Trustees Meeb'ng Df 2nd December 2021 the Trustees approved the creation of a new £25,000 designated fund for Computer Hardware, which is lo be used for the purpose of upgrading the charity's IT Infrastru¢lure. Analy$ls of Movement in Unrestricted Funds - Prior Year Balance at Incoming OLltgoing l Apr 2020 Resources Resources Balance at Transfers 31 Nlar 2021 General Fund 281 Q43 2.332 19.524 344 288 Transfers tolalling £19,524 were made from unrestricted funds to cover over-spends on restricted projects during the year. 19
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No." 29556461 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2022 14. Analysis of Ch2ritable Funds Icontinued...} Analysis of Movement in Restricted Funds - Current Year Balance at Incoming Outyoing 1 Apr 2021 Resources ResoLErces Balance at Transfers 31 Mar 2022 Emergency Planning for Garei$ Surviving Vvinler NE Hants Carers Services Young Adults Carers NEH Celebrating Carers through Art National Lottery Grant111 National Lotl$ry Grant {21 HCC Covid Grants Fixed Assets 208,756 1229,3321 12501 164,2771 20,578 885 8,095 17,897 4,876 976 954 4,355 15.670 835 3.315 17.897 4.876 59,497 19761 19541 189,1451 14,1421 103,820 114.4951 4,535 11.528 53,708 372,073 1389,076 6,081 42,786 Analysis of Movemènt in Restrlcted Funds - Prlor Year BalaF)ce at l#coming Outyolng 1 Apr 2020 Resources Resources Balance at Transfers 31 Mar 2021 Emergency Planning for Carers SLtrviving Winter NE Hanls Carer5 Seivices Carers Trust Young Adults Careis NEH Celebrating Carers through Art S Health NHS Found Trust Nation81 Lortery Grant {ii National Lollery Grant121 HCC Covid Grants Fixed Assets 221,906 1241,4301 19,524 885 10,976 885 8,095 59,497 3,000 352 162,3781 13,0001 14,5521 {1051 18,8941 {25,0711 15,5651 155,fj451 {8991 22,097 4,981 8.894 17,897 4,876 29,980 19,155 60,000 13,933} 112.6381 976 954 4.355 15,670 16,569 47,833 393,890 (407,539 19,524 53,708 20
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No.. 29Jf58461 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2022 14. Analysis of Gharitable Funds (continued...) Purpose$ of Restricted Funds Emergency Planning for Carers - To provide an emergency plan fi)r carers should the carer become ill or unable lo provide the care that they have been giving. This ¢ontra¢l was renewed with Hampshiie County Council for 3 yeais from l April 2019 to 31 Mar¢h 2022. Surviving Wlnter - To identify carers in need of financial support lo pay their heating bills and facilitate access lo government grants lo alleviate hardship. Young Adults Carers - Pfojecl to start looking at the needs of young adult carers (aged 16-25 years). This is not a time limited proiecl and will be ongoing. NE Hant5 Carers Services A grant from North East Hampshire CCG lo provide monthly Carers HLtbs in vai.ious locations in North East Hampshire which act as a 'one slop shop, where carers can gather information and seek advice and support in relation lo their caring role. To facilitate Carers Clinics al two GP surgeries in N E Hants where ¢arers can make appointments to see a carer support worker lor advice and information in relation lo their caring role 8nd where the carer SLJPPOrt worker can support Practice Teams in becoming more kn0edgeab1e about carers. To provide courses that trair> and support carers in various aspeels of caring in order to ease their anxi8ly around their caring role as well as protect their physical health. This proie¢l has been extended to 31$1 March 2022. Carers Trust A fund vthich enables small grants lo be given to individu81 ¢3rers lo help them Gope with unexpected expense incurred due lo their caring responsibility. This funding stream has closed with all funds distributed lo ¢areis as per the criteria. Celebrating Carers Through Art- this was a piojecl that was held in conjunction with North East Hampshire and Farnham Clinical Commissioning Group as w&ll as various other stakeholders such as Carers Ambassadors and A¢lion foi Carers Surrey lo run an arts competition for Carers. This culminated in an afternoon lea aiKI celebratory awards evorit. S Health NHS Found Trust this is a project that Is in its pilot phase which seeks lo advise, signpost and guide people that may bo in need of support in the comirunily who have been assessed and triaged Iwl found not lo meet the ¢rileria for services under a CMHT or other commur)ily team. National Lottèry Grant 1 - A gr8nt to help carers Ihiough Covid 19 by providing virtual supportivè sessions, group counselling, welfare boxes for caiers, updated IT equipment fof staff and a complete redesign of the website. National Lottery Grant 2 - A grant to connect careTS throughout the pandemic to provide IT equipment that can be loaned to carers. as well as virtual sessions lo include singing, baking, fiower arranging ancl book club. HCC Covid Grants . The grant received from a local authority lo give out to carers to provid& them with extra assistance during the pandemic with infection conlrd. Flxed Assets This fund represents fixed assets acquired from restricted funds. Transfers into the fLJnd re12te to the a¢quisits"oTr of new assets and expenditure is recognised as Ihe assets are depreclated over the useful e¢onosnic lives. 21
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE Icompany No: 29558461 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2022 15. Analysis of net assets between funds Current Year Fund balances at 31 March 2022 Represented by.. Unrestricted Restricted Total 2022 Tangible fixed assets Current assets Creditors." amounts falling due wthin one year 5.029 382,328 1460) 11,751 45,292 114,257} 16,780 427,620 114,7171 386,897 42,786 429 683 Previous year Fund balances at 31 March 2021 Represented by". Unrestrieted Restricted Total 2021 Tangible fixed assets Current assets Creditors.. amounts falling due within one year 1,934 342,354 16,216 50,496 113,004} 18,150 392,850 113,0041 344,288 53,708 397 996 16. Operating Lease Commitments At 31 March 2022 and 31 March 2021 the charity did not have any commitments under non-cancellable operating leases. 17. Transactlons wlth Related Partles There were no transactions with related parties during the year. 18. Government Grants Income from government grants comprises grants made by local authorities to fund the carer support programs run by The Princess Royal Trust for Carers. Totsl Income from government grants In the year is as follows.. 2022 2021 Fundin Source Pro ect Hampshire County Council Hampshire County Council West Hampshire CCG NE Hants & Farnham CCG South Eastern Hampshire CCG Fareham & Gosport CCG HM Revenue & Customs Emergency Planning for Carers HCC Carers Fund Hants carers support & info NE Hants Carers Services Hants carers support & info Hants carers support & info Job Retention Scheme Grants 208,753 103,820 18,911 59,497 5,362 5,362 221,511 60,000 18,911 59,497 7,149 7,149 36,535 410,752 401,705 22
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE {Compafty No. 29558461 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2022 19. Ultlmate Controlling Paty The Charity is conlrolled by ils trustees, who are also Its direelors. 20. ReconciliatSon of net movement in funds to net cash flow fron) operatlng activities 2022 2021 Net movement in funds Add back depreciation charge & loss on disposal of assets Dedu¢l incoffle shown in investing 2clivilieg Decrease {in¢reasel in debtors Increase Idecreasel In creditors Nel cash used in operating activities 31.687 5.848 1421 7,484 1,714 46,891 69.120 5.448 1,188 76.482 21. Analysls of Cash and Cash Equivalents 2022 2021 Cash al baiik and in hand 425,064 382,81Q Total cash and cash equivalents 425.064 382 810 23