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 2023
THE PRINCESS ROYAL TRU8T FOR CARERS IN HAMPSHIRE YEAR ENDED 31 klARCH 2023 CONTENTS Pages Legal and Admlnl8trabve Informatlon Trustees. Report Indepgndgnl Examknerfs RBport Statement of Flnancial Aclivltlos Balance Sheet Siatement of Cash Flc>ws 10 Not8s to the Fnancial Statenwts 11-23
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE YEAR ENDED 31 MARCH 2023 LEGAL AND ADMINISTRATIVE INFORMATION CONSTITUTION Thè Prin¢888 Royal Trust for Carers in Hampshire is 8 company limlted by gu8rants8 and a ragistered charity gOv8M by its Memorandum and ticIS of Association". CHARITY NUMBER: 1040518 COMPANY NUMBER: 2955846 CHANGE OF NAME The charity passed a special re501ution on 11 July 2009 thanging ils name from Wlnchester and District Car&rs Centre to The Princess Royal Trust for Carers in Hampshire. OIRECTORS AND TRUSTEES The directors of the charitable company ("Ihe chariW} are its truslees for Ihe purposo of charity law and throughout Ihis report are co118Ctiv8ly referred to as its tru8te85. Th8 Irustses serving during tha year and sinc* the yoar-erKI were as follows: DIRECTORsrrRUSTEES MANAGEMENT COMMITfEE: A Darlington M Larcombe M. MaNal M. Moore l. Tail CHIEF EXECUTIVE.. K Hearsey MBE REGISTERED OFFICE: Andover War Mgmorial Hospital Chartton Road Andover Hampshir8 Unlted Kinglom SP10 3LB INDEPENDENT EXAMINER: Rothm8ns LLP Avebury House St. Peter Street Winch6ster Hampshire S023 8BN BANKERS: National Weslminster Plc. Old Bank Branch 105 High Street Winch8ster Hampshire S023 9AW
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 2955846) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023 The Trustees are pleasod to [$0n1 Iheir report t0her with the financial statetnents of Ihe Charity for the year $nding 31 March 2023. which are also Fwamd to me8t tha requirgmenls for a directors, report and accounts fr)r Companies Act purposes. Legal and Administrative infoffliation set out on page 1 foms part of Ihis report. The financial statements have b8en pr8par8d in accordanco wilh tho 0¢Ounting policios Gcl OLbt in notc 110 the a)unta and cxjmpty with Ihe Memordndum and Articles of ASlatIOn, th8 Ch8ribes Act 2011. the Companies Act 2006 and AcrA)unting ArKI Reporting by Charfties.. Statement of Recommended Practice applicable to charllles preparlng their arKounls In accordance wilh the FinanGial Ropthlng Standard appllcable In the UK and Republic of Ireland (FRS 1021. STRUCTURE GOVERNANCE AND IAAP4AGEMENT Constllutlon The company Is a company limited by guarantoe and a regSstered charfty govemed by its Memorandurn ond Articlès of Associètion. Tha obleclives of the charY are set out In its M8morandum and Artides of Associalion and are focussed on supporting people who are carSng for others 8nd are themselves In necessltous circUmstanS and adv8nclThJ education conceming caring among carers and the putlic. Method of appolntrnent of Trustses and pollcles adopted lorthe induction and tralnlng ol Trustsos The Charity is managed by a Board of vduntegr Tntstees hava a diracl interest in Carers, 1.9. thgy are or were Carers Ihemsefves or hav8 oxp8ri8nc8. now or in the recent past. of organisations providiro servic85 and support for Carer8. The latter includes Doctors Icurrenl or former}. elected Councillors. Directors of comm8rcial companles provlding Carer support plus those wtth an Inlerest Carer Issues who have skills. e.g. financial, busirSs. fvnd raising, which is of use to tho Charity. The Trustees are non-execulive butprovid6 SUPPOrtfft>m theirexperience in relevantar&as of business lfinance, budgeting. organisallonall. Prospectwe Truste8s are inlr(¥luced to the current Trustees and. ilthey areludged to fit thè profile sought, they are invited lo Board meetings. tr) gvents and to rneetings with centre staff. Th* new Trustees are required to attend an InduOn prcgramme lo acqualnt themselves fvlly with the TSIS core activities. If, after a period of time attending Board meetlngs, staff m991ing$ and Carar events. tho proSed Tn¢stee feels thoy are able and have a dasir8 lo b8 involved wilh Ihe Charity as a Trustee. the Board will decide, based UFK)n its needs and Its vlew of the proposed Trustee, to Invlte them to join the Board. At the point of lolnlng the Boafd. new Trustees are therefore familiar th tho operations of the Chaiity and fvrther sp8cifi¢ training is provid8d as ne¢essary. Documents and plans for current and proposed &tivldes are pre3errted to th¢ Board. Trusts•$' Ind•mnlty Insuranc• An insurancè policy is in place to ind8mnrfy thg Trusle8s against any negative financial Impact resulting from actions of Trustees made in good faith. Oryanls•llonal structure and decisloD making Thg Charity Is manag8d by a Board of Trust898. The 8oard m8ets quarterty wilh day-tdOY management d8legat8d lo the Centr8's Chief Executiv9. Reports from tha Chairman and Chlgf Exut[Va are glven at Board Meetings to analAe discussion of any actions to ensure the Charity'5 objectives are mel. Tho Charlty is autonomous in terms of control and financing tAJt is a Neork Partner of Carers Trust and is affiliated to Carors UK. The Charity's &livilies are wulated by the g)vwnlng d0ment whlch bs lrtated at the registered offKe.
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Cownpany No.. 2955846) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023 Key management personnol remuneratlon The Trustees consKler the Board of Trustees, th8 chff Executivo and 8enw)r managelnent (y)mprise the key management personnel ofthecharity in charge ofdirecling and controlling the tharity and rwning and operating the chartty on a day to day basis. All Trustees give of their time fredy and no Tnjslee remuneration was paid In the yoar. The pay of th8 Tnjst's Sen1 management is reviewed annualty by the Trustees. Relalod party relallonshlps In the oplnion of the Chairman and the Trustees. the only related party transactions in the year are those disc105ed in thg notes. Rlsk management The Trustees have assessed the major risks to whlch the Charity is exposed. irb particular those related to the operations and ffinances of the charity. They satisfied that Sy81ems and procedures are in placo to mitigats their 8xposure to the major risks. OBJECTIVES AND AcTIVlEs Pollcles and objectlyes The Truste8s have devised a comprehens8 list of relevant pollc*s. Copies of these are available upon request. The objectives of tha charity 8r8 listed bebw. To mak8 contact with Carers, especially in the rural areas of the diStrt To improve and r8fin8 the servlces offered lo Carers in response to their needs To advo¢8ts for the needs of Garers by seeknng to b8 uynsultgd on Health and soci.ol Servi¢¢ PoliGy.g1 both local and National level. To influence the prow3 of services and encourage innt)valion To ensure the financial viability of the ntra To implement Ihe Care Act 2014 To ensure that the SerVe is open to all and inclusive for all. Strategies for achl.evlTrJ obJo.Ctlyg9 Strategies formulated by the Trustèès, staff and volunteers are presented to the Board and implemented as approprHte. Actlvlties for achlevlng th• objoGtives Th8 aclivili8s for achigvNig obj'ectives are many and varied. mosty oTrJanised aCdIr0 to demand. Services provKled are.. Infomiation, advleA and guitjance Advoc8cy and representstion Liaison wilh statutory bodies Access lo training and educat Respite Opportunitses Regular carers, support groups Emotional support and a listgniw ear Emergen Planning for Carers Fre& Counselling by way of voluntary qualified Counsellors Carers, Clinics In the community arKI GP surgeries Car8rs Dr(y In Time Together Groups sistan¢g with aPpng for benefits and for help from statutory bodS&s Carers Hubs
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No.. 2955846) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023 Prografflme related Investments The chaTity has not made any pmgramme related inveslments. Volunteèrs Voluntg¢r6 have ag8In a8$t the Charity in varlous ways. This included assistan¢8 with n8wsl8tters, events. support group$, hubs and counselling for Carers. We are grateful to each and every volunteer lor hls or her contribution. ACHIEVEMENTS AND PERFORMANCE Revlew of actlvilles The Princess Royal Twst for Carers in Hampshire IPRTCH) have ccrtinued to bulld on the support offerod, by listening to Carers and tsir needs and having them al the heart of our seM¢e. We empower Carers io seek the support thèy need to enablé them to continue in the carirg role at the dme when they need it. Wa cOnn8 to provide the Emergency PlannirwJ Carers service whith is ¢ommiss¥)ngd by Hampshire County Councll and the Hampshlre and Isle of Wight Integrated Care System IHIOWICS) as well as Carer Support servSces In the North East of Hampshire for Frimley Integrated Care System. We also provide a Carers dinic to all fiv8 GP surgeries in Andover via tha Andow PrinNgry Care Netwoth. Services currerslly prowded by the Trust indude Carer Support, alVACY. advlce. gukjance, training. benefits advice. Carers dinics in GP surgeries. Carers Hubs and Time Together groups as well as training for professionals including Fiimley Hospital. W8 also provide a range of virtual online services that commenced in thg pandomic and have proved p)pular. The58 indudg weoWy exercise, a weekly coffee morning, a ttounselling group, Iwo book clubs. 11ower arranging, art class and baknng. Our staff are an asset to the Trusl and the Carers w& support. Thy are a hanhv(Kking, dad819(1 and professional team18d by our chi Exoculive, Kerry H8arsey MBE. As a Board we are dglighted at the posilve and sincere feedback that we receive on tK*lh the staff and the excellent serveS th9y provide. We enjoy good, strong working relationships and work collaboratively witti many stalulory and valuntary organisations both locally and on a n8tion81 level. Hampshire Counly Council, Hampshire 8nd 1918 of Wight Integrated Care System. Frimlay Integrated Care System, Action Hampshire. One Community, Hampshire an Young Carers Aliance. Citizens Advice, Hampshire Safeguarding Adults Board. Carars UK, Southem Health and Age Conc8m are to name just a few. We sil on vaTiOUS diff8rent fwms and groups to ropresonl Carors including tho Hampshire Carors Partnership Board, the Hampshire Safeguarding Aduts Board, the Hampshire Leadership Forum, Agein9 Well, Wlnchester Dlstrict 01(ler Persons Partnership. Domestic Abuse Forum and Here for Hart as well as many others. As the demand for our services grow. we look to the future positivety and wtll continue to look for innovative ways to provlde the high qualty support lo car$ that they require in their caring roles at the tlme when thoy need It the most. be that practical or em¢)tional supwrt. Investment policy and perfomianco The Trustees aim to maximi88 the amount of investment income rec8lved whilst keeping the charity's funds reasonably accesslblo. in accordance with th8 A88 of Association. The charrty does not currently hold inv8slmants than mon3 held on dgposit.
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company ND= 2955846) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023 FINANCIAL REVIEW Th8 Trust reparted n¢1 axpgndliure of £15,730 for th8 year to 31 March 2023. As at 31 March 2023. the Trust had reserves of £413.953 of whl¢h £30,453 relates to restricted fvnds. £25,000 relates to designated funds, £358,5 Is unrestrlded and available forthe general purposes of the ch<y. Resor¥es poli¢y Thè Truste88 pdicy is to maintsin free reseNes in unrestricted funds at a level whith equates lo approximately sbx months of running costs bul the alm is lo have free reserves in unreslrtclett fuftds at a level which 8quatÈ$ lo Iwelve months of running ¢osts. The Trustses consider that this l&vel wlll provide suffident funds to maintaln the provlsion of Charitable acliwtigs and, If necessary, to respond to any dnge$ In Hampshire County cour11 fundlng. As at 31 March 2023. the free reserves of £358,500 would bg sufficlent to cover 12.8 months ol expenditure and ar8 therefore inline with the policy set out above. Principlo funding Our prfnclpal funders continue to bè Hampshlre County cour11 and Ihe Hampshire and 151e of Wighl Integrated Care System. This funding 'Ve$ stability to our core act45Aties and allows th& Trust to plan ahead for services as well as give reassurance lo the Carers that sUprt for them remains a prlorily with Ststulory bodies. The Board is aware of the importance of continulng to seek allemative futMlin9 streams and also maintaining adequate financHI res8rves. The Board aims to keep one year5 runniThJ costs as reservas. PLANS FOR THE FUTURE It Is essential to ensure the conlinuallon of core Wofk of ts Charity. The Trust will conllnue to strengihen relallonships and workro pracloces wilh heabth bodies as well as the Iwal authority. The Trust will ConnUe to monrior and implement Carerlogislation, pollcy 8ThJ gond practice. The Trust wll conllnue to seek rther fundir¥J 8tre8ms to allow it to enhance grow its SeeS PUBLIC BENEFIT The Charity provided free, imparlial aThJ approwiate support to Carers thICgh0U1 Hampshire through Information. advlce, guldance and thocacy. Carers are also supported with help with respit¢ care and transportation. Th8 Trust supports carers with Information. athice and support on a one to one basis in c(xmplex caring matters. The Emèrgency Plannlng for Carers Scheme Is operated arKI is available 24 hours a day 7 days a week shoukl a Carer become ill or encounter an emergency where they could not care lor their cared-for and wo havo seen an increase in the number of referrals being made as well as the number of plans aclivated. The Trust ContireS to hold a Carer &Jpport ¢onlracl with the Frimley Integratad Care System to Pfovide careT support through Carers Hubs. GP clinics. training and one to one support by providing information. advlce. guidanc8 and advocacy. The Trustees conffm) that thèy have comFll8d wtth thelr duty under section 17151 of the Ch8ritles Act 2011 to h8V8 due regard to the Charlty Cornmis5ion's guidarKg on wblic benefit whon oxerdslrvJ any powers or duues to which this guidance is rdevant.
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE {Cornpany No: 2955846) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MABCH 2023 TRUSTEES, RESPONSIBILrriES IN RELATION TO THE FINANCIAL STATEMENTS The Trustees. who are also Director5 of The Princess Royal Trust for Carers in Hampshire for the purposo of company law. are responsiNe for preparing the Trustees port and finanrAal statements in accordance wth applicable law and United lfjngdom Accounting Standards Iunlted Klngjom Generally Accepted Accounting practi}. Comp8ny law requlres the Trustees to prepwe financial statements each finer181 year. Under Ihat law the Trustees h8 elected to prepare the financlal staternenls in accordance wilh United Kingdom Generally A¢ogpled Accountlng Pra¢tlce (United Kingdorn Acc¢)unting Standards and applKabie law). Under company18w th8 Trust8es must not approve the financial statements unles5 they are satisfied that thay give a true and falr view of the state of aff8irs of the charitsble company and the profil or1058 for the charitable company for that P8riod. In preparing Iheso finanriol st*emenls Ibg Tru$lges are tequired lo: Select suitable accounting rKJlici8s 8nd apply them o)n5islenlly,' Observe the methods aNI principles In the Charities SORP Make judgments and 8stimates that are reasonable and prudent- Slale whether 8pph"¢able UK AccountiThJ Standards have been followed, subject lo any matsrial (Jeparturgs disclosed and explained in the financial stalemerrts-. and Prepare the accounts on a golng concem basis unless It Is Inapproprlate to presume Ihat the company will continue in operation. The Trustees are respnfk8ibla fnr mwntaining prcyr accounting record5 which disclose svith reasDnablg accuracy al any rne the financlal posltlon of the Chaiity and en8bles them to ensure that the financbal statements compty with Ihe Companies Act 2006, the requirements of Charity'5 govemlng dLuTnent and the rgquir8ments of the Charity SORP. They are also responsible f safeguardirwJ th8 assgts of the Charity and hence for 18king reasonable steps for the wevention aThJ d8t8ction of fraud and other irr8gul8rib'es. Thls report has been prepared in accordance with th8 provisKJns of Part 15 of the Companies Act 26 relating to sm811 companles. ON BEHALF OF THE BOARD OF TRUSTEES: JL_... M M8Nal- Chaimian Datg-
INDEPENDENT EXAMINER'S REpoi¥f TO THE TRUSTEES OF THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE ('THE COMPANY,) (COMPANY NO: 2955846) FOR THE YEAR ENDING 31 MARCH 2023 I report to the chorlty trustees on my examination of the accounts of the Company for Ihe year ended 31 March 2023. Responjibilities and ba51s of report .th8.Ghadty.trust8&ePth6.Con4pany-(-oits-dlre¢t(trfoTrlhe.PUlPQSeOf.eovy-l8W)-Yeu.èTe- restKinsible for the preparallon of the accounts in 8ccord8nce wilh the requirements of the C(Knpanles Act 2006 {'th8 2006 Act'l. Havin9 satisfied myself ttt the accounts of the Company are not required to be auditgd under Part 16 of the 2006 Act and are eligible for Independent examlnalion. I report in respect of my examlnatlon of your chariV8 accounts as carried out under section 145 of the Charities Act 2011 1.the 2011 Act')- In carrying out my examinati( I have followed th8 DirectKsns gtven by the Charity Commissi)n und8r section 145151 (bl ol the 2011 Act. Indopendonl •xamln*s $tatement Sinca tho Company's 9ross incDme exceeded £21.000 your examlner must be a mgmiw of a body listed in section 145 of the 2011 Act. I corfflrm that l am qUalifd lo und&rt8ke the examlnailon because l a member of Institute of Chartered Accountants in ErwJland and Wales, wCh is one of the listed tM)dies. I have completed my èxaminalion. I confirm that no matters hav? com& to my attenllon In conn&clion with the examination gNing me caus8 to believe.. a¢countirnJ reccfds wera nol kgpl In respect of the C(xnp8ny as required by 58clion 386 of th8 2006 A¢t', or 2. the accounts do not accord those records: or 3. the aunts do not comply wlh the Bccountiry requlrements of seclion 396 ofthe 20(6 Act othEr Ihan any requirement that the accounts give 8 Irue and f8lrview whlch is not a matter con$idered as part of an independent examination", or 4. the aCUnts have not been pr8parBd In aCrdarj¢9 with the m8thods and princiFdes of the S18temgnt of Recommended Practi for accounting and reportiw by chariknes applicable to charities preparlng thelr accounts In ac(¥Jrdance vAth the Financial Reportir#J Standard app11¢8ble In the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across noother matters in conneclton with the examin8tlon towhith attention Shold be drawn In thls ropLYt In order lo enable a proper und8rst8nding of the ac(Xnts to be reached. Susan SullNan FCA Rothmans LLP Chartered Accountants Avebury House St PetsT Street Winchester Hampshi S023 8BN 21 December 2023
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No.. 29558461 STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDING 31 MARCH 2023 Total Fund• 2023 Total Funds 2022 Unr••trf¢ted Restrl¢ted Fundo Funds INCOME FROM: Donation8 and 9ace$ Charit8b18 activities Inv8slrnents Other income 4.620 308.365 1,820 5.450 7,424 423.969 42 2b 2¢ 2d 34.198 1.820 5,450 274.167 Total Incomg 46.088 274.167 320,255 431,4 ExPENDVRe ON: charilab actiwlies 14.651 321.334 335.985 399,748 Total ¢xpgndlture 14.651 321.334 335.9B5 399.748 INCOME I IEXPENDITURE) 31,437 147,167) 115.730> 31.687 Tr8n5fer5 b8hyaen filnds 14 {34,8341 34.834 NET MOVEMENT IN FUNDS {3,3971 112.3331 {15,7301 31.687 RECONCILIATION OF FUNDS- Total lund5 brought foThrdrd 14 386,897 42,786 429.683 397,996 Tolal tunds carried foNthrd 14 383.5CKI 30.453 429,683 The 8talem8llt of financial activilies Includes all gains and losses recognis8d in thg year. Al irtome and expenditure derlves from continuing activities. The notes on pages 11 to 23 fonn part of Ihese financi81 st8temenls
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMP8HIRE (Company No.. 29558481 BALANCE SHEET FOR THE YEAR ENDING 31 MARCH 2023 2023 2022 Flx•d As•ets Tangible Assets Total fl¥ed assets 11 136 11.136 16,780 16,7BO Current A6sgts Debtors Cash at bank and in hand Total ujrrenl assets 12.022 417,175 429.197 2.556 425,064 427.620 10 LlabMltleB Creditors". Amounts falling due wthin one y88r 11 126.380} 114,717) Net current asuts 402,817 412.903 Total net assets 413.953 429 683 funds of the charity: Unrestrict8d Funds Restricl8d Funds Total Charity Funds 14 14 383.500 30.453 413.953 386.897 42.786 The ¢haritatAe company is entiued to exemption from under section 477 of the Companies Act 2006 f the year ending 31 March 2023. The memb8rs have rb)t rnquired the ¢))mpany to obtaln an audit of its cOUTrts for the year eryled 31 March 2023 in accordance wtlh Section 476 of the Companies Act 2006: The trustees ackTh)wbedge their responslbilitie5 for: 81 ensurfng that the Charable company keeps acc(MJnting records th4ch c¥nplywlth Secllons 386 and 387 ofthe Companies Act 2006 and bl preparing financial stalem8nts whth give a tfue and fair vtew of the stale of affairs of the charltable company as at the end of each finan¢Sal year and of its surplus or deficAI for 9ach financlal yeaT in accordance with the r8quirements of Sections 394 arvj 395 and which offteThA8e comply vAth the requlromenls of the Companies Act 2006 relating to financrdl slatements, so far as aPIcable to the charitable company. These accounts have been prgpar8d In acc()rdar the Special provisions of Part 15 of the Companle8 Acl 2006 relating to small companies and constilute the annual accounts re{wA by the Companies Act 2006 and are for circulation to members of the company. The financial stale 1811212023 is yre approved by thè tru51e8s ....................... ...... and were 8kJned ¢ their behalf ty. l Tait Trustga Dr M Marval Chairman The notes on pages. 11 to 23 fomi part of tho$e fvianci814t8tements
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE Icompany No.. 29558461 STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31 MARCH 2023 Total Fund• 2023 Totsl Funds 2022 Not•s Cash provided by 0rn11n9 actlvltl•$: 20 19,709) 46.691 Cash flows from instIng 4¢tlvllles Interest from investments PLbrchase of fixed assèts Net cash provldèd by investing actbvltl•s 42 4.479 4.437 1.820 In¢re•str in ¢ash and cash •qulval•nts in th• ar 17,8891 42,254 Cash and cash •quival•rbts at th• beglnnlng of th• y•ar 425, 382.810 Cash and cash •qulvalonts at th• •nd of the y•ar 10, 21 417 175 425.084 7h9 not88 on p8ges 11 to 23 ftmm part ofthese financl81 ststements 10
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE {Company No.. 29558461 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2023 The Princess Roydl Trust for Car8rs In Hampshlr8 is a tharlt8ble company. Mited by guarantee. registered in England and W818s. Its reglstered office and princbple Flace of buslnes5 is Andover War Memoriol Hospital. Charlton Ro&Y. Andover. Harnp8hire. SP10 3LB. 1. PrlnGipal AGcountlng Pollcl•s a) Basls of accountlng The financial ststements of the charitable company, which a public bènèfft enlity under FRS 102. have been prepared in accordance with the Charitiès SORP IFRS 1021 'Accounkn"ng and Reporknng by Charities.. Statement of ReCnrnended Practice 8pplicable to charities prepariro their acccyjnts in accordance wsth the Financial Repong Stsndard applicable in th& UK and R8public of IreIar (FRS 1021 Second Edition. leffective 1 January 20191. th8 Companies Act 20C and Ihe Chatilies Act 2011. The financial statements have en prepared under the historical ¢))st convention. The financkql ststements are prepared in stslng which is functlonal a1 pre88nlatlonal currency of the Charty. The IlaA81 statements are rounded to the nearest pound. The acrxjunts are preped on the CeM basls. on tho assumption th8t Ihè charity will continue to be successful in tendering for contracts wlih Hampshire CCnty Council. If thase contracts are not rènewed thèn s probabl& that the charities activities would reduce substant1. Tha trust ha rovl8wed the charities slllon and are confident that it has adequ8te reserves to en8ble It to conlinue to operate for the foreseeable In preparing these accounts the tnJsta8s h8v8 not had to make any significant judgements. Th8r8 are no sources of eslimation uncertainty which have a significant risk of causiThJ a malorial adItment to the Carrng amounts of assets and Ii8tMlthes within Ihe next financial year. b) P•rlods Covered The accounts covar the year to 31 March 2023. with comparative$ fcK the ygar tt> 31 Marth 2022. cl Incom• IOme is inclL•Jed in tha Accounts on accwals basis. Voluntary income compri8es donations and grants of a general nature and is recognised when Ihe charlty has unconditional enment lo the resources. Incoma from Charitab activities indudes grants received to flmd specific programme activities, subscripth)ns and olher in¢(ming resources. IncL¥ne from g¢)v8mmont and olher granls is recognised when the charity has entiuement to the funds, any perfomiancg cor¥Jilions attach8d to the grants hav8 been met, il is probable that Ihe Incume byill be received and the amounl can be measured reliably. Incomo from grant agreements which require the p8rformance of servhces over time L% recognised as each peri(Kl of service is d81iv8r8d and income received in advance for $8rvic8s to b8 d8liv8r&l after the reporting period Is deferred a9 appropriate. Inv8Stmgnl Income. rAJmprising interest receiv&1 on fuThls on deFosII,18 rec¢yJnlsed rel1Vable by the charity. The ¢h8rlty does fK>t recglva any donated gc(#Js, facilties or service5. In accordance Ihe Charltyes SORP {FRS 102), the contribLrtKfyn of general voluntsers hs r1 receojnised wthin these finanrAal statements. Detall8 of the role pw by gener81 Vol)leerS arKI their contributions to the Charity ayè given in the Trustee's ReporL All income relat&s to the charivs sole actNriy of providing support to Carers in Hampshire. An analysls of restrct8d income by project is provided in Note 14 of these accounts. 11
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE Icornpany No.. 29558461 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2023 d) Expendlture Expenditure is recognised on an accrual$ basis when a liability is incLtrred. Resources expended Indu¢Je attributable VAT which cannot be recovered. Charitable axpandilura rnmpris88 Ihosa CA)sts incurT8d by tha charity in the d8livery of its activities and $8rvic8s for ts b8nefthri8s. 11 includ8s both costs that e3n be albcated dlr8clly 10 such activlties and those costs of an irMllre¢t nature necgssary to suppK)rt thom. Gov8rnancè costs 8r8 includ8d vrithin support cosis and include I$@ costs 8ssociat9d th meetlng the constitullonal and ststulrxy requirements of the charity atm1 IrLKI8 thè audit fees and costs Ilnked to the strategic management of the charlty. Costs are aHocated to the headlngs and furKls C the basL8 of spedflc usage. Where costs cannot be dlr9cly alkjcated they aro apportloned betsyeen the tsvo major prolects. Carer Support and Information and Emergency Planning Carers on Ihe basis of funding. All proj8cts fall under ihe charit¥s sole charitablo actsvity of provNJing SUPFQrt lo carers In H8mpshire. •) Tanplble Flxed Ass&ts Tangible fixed assets ar8 Stated at cost 1858 depreciation and o?mprise furniture. fExtures and wmputer equipment Depreciation is prowded on a straight line basis over the estimated economic lrfe of each asset. whlch Is conskjered to be.. Fumllure and equipment Computer equiwnent 4 years 4 Jears Impalrment rev1 are cathed out a8 and when 8VKJènc8 comes to Ilgm that the recoverable amount of a lunctional fixed asset is below its net bc¥Jk value due lo damage, Obsolescen or other relevant factors. l) Taxatlon As a charity, The Princess Roy81 Tn1 for Carers Is exempt from tsx on income and gains f811iro wilhln section 505 of lh8 Taxes Act 1988 or $256 of the Taxation of Chargeable Gains Act 1992 to the extent that Ihese are applied to Its charitable objects. No tax charges have arisen in the Charrty. g) Opornting L•ases Lease payments in resFed crf operating leases ara charg8d to th8 Pmfit and Loss account as incurred. h) Debto Trade ar other debtors are recognised at th8 s8tt18m8nl amount du8 after any trade discount offer8d. Prepayments e vakjed at ihe amount prepald after takirwJ account of any trade discounts due. CrltOrS •ndpYovisions Creditors and provisions for liabilaS and ch8rg&s recognised vA)we the ¢harrty has a pr8s•nt oblig8tk)n resulting from a past event that will probably result in the transfer of funds to a third party and the amount due saltla th8 obligalion can be measured or estimated reliably. Creditor5 and provisions aro nomially rgcognised at thgir setllement amcmjnt after alknving for any trade discounts due. i) Financial instruments The trust only has finan¢ial assets and financial liabiliti8s of a kind that qualify as bas financial instruments and are measured at amoTtised cost. Basic financlal instruments whlch are Instruments comprfse trade debtors and cash at bank and in hand and these a&%ets Hre inibally recognised at transaction value and subsequently measured al their settlement value. The carrying amnts of Ihese Instruments are given In Noles 9 & 10 of these ac¢ountg. Baslc financfjal Instruments vthlth are Ilnancial liabllities comprlse trade creditors which are inilially recognised at transaclion value and subsequerrtty measured at their setdèment value. The Can9 amount of these instvuments Is glven In Note 11 of 11ge accots. In(me ari8lng from financial assèts mea8ured at 8mortised LX)St comprise5 bank interest and is disdos&J in Note 2lc}. 12
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No". 2955846} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2023 k) Fund Accounrfng Restricted funds are maintalned when a grant requlres that It must spent on a partiujlar purw)se or where ftjnds havg bgen raised for a specific purpose. Designated funds are funds set ask1& by the twstees for parlicular purposes or FnffiBcts. All other funds ar8 unrestrthd general InCe funds which are available for use at the dIsCreU of the trustèès in furthweO of the general objeclives of the tharity. l) Legal Staths of th• Charlty The Charity is a company limited by guarantee and has no share capitsl. The liability of each member in the event of Mndiro-up Is Ilmiled to £1. The company 18 Pfeventsd by its ArtKJes of Associ8tion from m8king a distribution to its mefflbers. m) Penslon Contrlbutlon$ Employees ol Ihe charity are entitled to loin a defined contribution 'money purchase. scheme. The charity Contrlbutlon Is restrlcted to the contributions disclosed in rste 3. The costs of the defined contribution scheme are included within wagas costs and ar8 charg8d to thè unstrICted and restricted fuThls of th8 charity using the m8thodol(KJy set out in note 1 Id). The Trust ha5 no liability in respect of this pension scheme beyond making its Contribulions and payry across the dadtR]nS fcx th& gmpioyee's contritrwtions. 13
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No.. 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2023 2. In¢om? Unrutri¢led R•$lricted 2023 2022 a) Income from donationj anil legaci•s Donations 4,620 4,620 7.424 In FY2022 £7,424 of donatlons were unrestricted aNJ £nil wern rastiictsd. bl Incom• from ¢harhable actlvltlgs Grants 34,198 274.167 74.167 308.365 308.385 423.969 423.969 In FY2022 £51,900 of Grants were unreslricted and £372.069 re rostricl8d. c) Income from inv•skn•nt Bank and buildlng swiety interest received In FY2022 £38 of intoro$1 recgi¥gd unreslrKod and £4 was restriLed. 1.820 42 d) Oth•r incom• Miscellaneous in(x)me 5,450 In FY2022 £nil of Other Ia)me Wafe mr88trked arKi £nbl were restrthd. 3. SLiff Costs arbd TvustW'8 RlUn*tIon 2023 2022 Wages and salarl8S Social security costs Contributions to defined contrbutlon pension 8chemes 222,806 15,416 4.684 242,906 218,407 15.209 4.607 238.223 Thg charty Iru8tee5 were not paid, nor recelved any other benefits from eMpknnenI with the Charty durlng tha year12022'. £NIL). No charity Irt18e received payrnent for prof&ssion81 or othor seryic88 supplied to the charty (2022: £NIL). No ¢harrty trustee expenses have been IrKuffed. The average monthly head count of employees in the &r was as follows: 2023 2022 Centre Manager Administrator Carer Support Offlcer5 11 11 The Charity con8lders its key management pepnn81 comprtses the Chlef ExUl1ve and senior staff members. The total employment benefits including employer pension contributions of Ihe key managoment pgrsonnol wer8 £117,338 (2022.. £129.764). Durlng tho current & prlor [8, no eamed In exrEss of £60,IXK). 14
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company Numbèr 2955846} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ¢4fDvO ¢D ¢0 N(0 x% Ql U) 000 * o) ¢ r£+ (y (• m ¢e rts oj W) m ¢YJ Q 00 .siJ Q E% 7J 15
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE {Company Number 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 rri ffjIY (V OJ (YO O) r 0 7J lj 16
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No". 29558461 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2023 5. Grants P•yablo Grants payable relate to £425 of Carers Trust grants whlch We pald to 2 recipients in the cuent year12022'. rKJnel. In the prior al. £78,497 of HCC Carers Grants made lo 187 rpientS 12023: non81 and £250 of .8iiNvlno WSnlAr orAnh tfTr 1 reripie.nl {2023= none). 6. Met Income l (expondlturg for y•arl 2023 2022 This 13 ¥tsted ofter charglng: Depreciation Independent Examlnefs rgmuneration for: Independent Examination Accountancy Services 5.412 1,620 4.500 4,200 7. Ststomonl of Flfianclal dvitios - c0fflparat Flgurns Unr88tricted Funds Restrlcted Funds Total 2022 INCOME FROM: Donatiors and18gaci88 Ch8rltable acllvllles Investments Total Incomg 7,424 51,900 7,424 423.969 42 431,435 372,069 59.362 372,073 EXPENDITURE ON: Charitable aLyities Total Expenditure 10,672 10.672 389,076 389,076 399,748 399,748 NET INCChME I (EXPENDITURE) 48,690 {17.0031 31,687 Transf8r8 between fiJrKIs 16.0811 6,081 MOVEMENT IN FUNDS 42,609 (10,922) 31.687 Tol81 funts broUghtf0Thrd 344,288 53.708 397,996 Total fund8 forward 386,897 42.786 429,68 17
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No.. 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2023 8. Fixed AS1• Computsr Equipment Totsl Cost As al 01 April 2022 Addibons Disposals As at 31 March 2023 23.434 23,434 23.434 23,434 D•preclatlon As at 01 April 2022 Charge for the ar Elimination on disposal As at 31 Marth 2023 6.654 6.654 12,298 12,298 Not Book Valu• As at 31 March 2023 11,136 11,136 A8 al 31 March 2022 16,780 16,780 9. Dgbtors 2023 2022 Trade debtors Prepayments and ac(¥ued In¢xKne 18 2,538 2.556 7.022 12,022 10. Cash in hand and at bank 2023 2022 Bank curr8nt account Bank deposh account Cash in hand and stamps 100 424,914 417,025 417.175 425 064 11. Crndlt¢)rs- amounts falllng du? wlthln one year 2023 2022 Trade creditors Taxation and sla1 securlty Accruals and deferred Income Olher ¢xedilors 14,052 5,172 6,120 1.036 3.951 3,934 6.832 26,380 14.717 18
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No.. 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2023 12. Deferred Income The charity did not have any defeThed income in the cuffent or pmr year. 13. Fund8 r•c•lved as ag•nt No funds were rac8iv8d &8 8g8nt durirvJ th& curr8nl or prior year. 14. Anatysi8 of Ch•iitable Fund5 Analysls of Movement In Unrostrlctod FuTrdB- Curront Year Balance at Incomlng Outgoing Balance at 1 Apr 2022 Resourc8s RosoUrC Transfers 31 Mar 2023 Genaral Fund 361.897 46.088 (14,6511 134,834) 358.500 Deslgnaled Funds.. Computer Hardware Total Unrestricted Funds 25,0) 386.897 25,01)0 383.500 46,088 114,6511 134,8341 Transfers tOtall1g £34,834 were from unreslitted funds to cover over-spends on restricted projects during the year. Analysls of Movernfjnt In Unr¢$trl¢tsd Funds- Prlor Year Bahnce at Incoming Outgoing Balance at 1 Apr 2021 Resourc•s R•sour5 Transfqrs 31 Mar 2022 General FurKI Designated FurKIs: Computer Hardware Totsl Unr8Strictod Fund8 344.288 59,362 110.672} (31,0811 361,897 25.OCKI 386,897 344.288 59.362 110.672) 16.0811 A transfer of £20.576 was made from unrestricted funds to cover an over-spend on the Emergency Plannlng for Carers restricled fund during FY2022. Transfers totalling £3,275 were made from the HCC Covhj Fund lo unrostrtcted funds In rospect of an allowance for up to S% of the grant valu8 lo be applied against admlnistrative costs. Additionally. £11.220 was transferred from the HCC Covid FuThl to the unT8slrlctsd fund in r8sr*ct of an amouwTrt whkh it w8s agr80d could be 8ppligd to fund the continuation of online activilies. inste8d of lace to face events. for c8rers duTing the pandemic. Al the Trustees MeeUrwJ of 2nd December 2021 the Trustees approved creotk)n of o new £25,¢XJO designated fund for Computer H8rttware. which 18 to b& used for tha purwse of upgraduig the tharitys IT infrastructure. 19
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No.. 29558461 NOTES TO THE FINANCIAL STATEIAENTS FOR THE YEAR ENDING 31 MARCH 2023 14. An•fysls of ChaTNabh Funds (contInU•.. Analysis of Mov•m•nt In R•strlct•d Fund8- Currnnt Yoar Balan ql Incomlng Outgolng Balanc• at 1 Apr 2022 Resources Resources Trnn$f•r3 31 Mar 2023 Emerge[Y Planning for Carers Survivlry Winter NE Hants Carars Services Young Adults Carers NEH C8lebrating Carers through Art HCC Covid Grants Flxgd Assets 214,670 (239.777) 25.107 635 3.315 17.897 4.876 4.535 11,528 635 59.497 {71539) 9.727 17.897 (4,8761 4.535 7.386 14.142) 42.786 274,167 321.334 34.834 30.453 Anal1$ of Movwnent In Ro8trlct¢d Funds- Prlor Y Balanco at Incornlng Outgolng Balanc• at 1 Apr 2021 Rg$ourco$ Ro$oUr3 Transforn 31 Mar 2022 Emergency Plannlng for Carers SurvfvSro Wlnter NE Hants Carers SeNicas Young Adults CargTS NEH Cel8br8ting Carers through Art National Lottery G1(1) National Lottery Grant (21 HCC Covid Grants Flxe(l A88&ts 208,756 (229.332) (250) (64,277) 20.576 885 8.095 17,897 4.876 976 954 4,355 15.670 635 3,315 17.897 4,876 59.497 (976) (954) 189,1451 (4,1421 103.820 (14.495) 4.535 11,528 53.708 372.073 389.076 6,081 42.786 20
THE PRINCESS ROYAL TRUST FOR GARERS IN HAMPSHIRE (Company No.. 29558461 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2023 14. Analysls of Charitabl• Funds (¢ontlnued...) Purposas of R•strl¢t•d Funds EmergenGy Plannln9 for Carern- To provldè an emèroency plan for carexs hild thp. rArer Ima.rMe ill nr unable lo pyovide the care that they have been givtng. This contract was renewed vAlh Hampshlrè County Council for 3 years from 1 April 2019 to 31 March 2022, and subsèquenuy extendod to 31 March 2024. Survlving Wlnler - To idontify carers in need of finanal sUPPOrt to pay their heating bills and facilitats access to government granis to alleviate hardship. Young Adults Car•rs- project to start looklng at the needs of young adum car8(aged 1&25 year81. This is not a lime limited w(iect arKI will bo ongling. NE Hants Carers SeThices - A grant from North East Hampshirè CCG to provide monthly Carers Hubs in various IctIonS in North East Hampshire which act as a 'one stop shop, where carers can gathgr informalK)n and seek advice arKI support in relation to th8ir caring role. To facilitate Carers Clinlcs at two GP surgeries in N E Hants where carers can make appointments to $99 a ar8r support worker for advice and infca0n in rglation to Ih9ir ¢arlng rrAe and where the c8rer support worker can supwl Pradic• Teams in b8comirvJ mwe knowlwJgeai48 about carers. To PlOVKle wunses that train and support carors In various aspects of caring in 11 lo ease th8ir anxi8ty around their caTlng role as well 88 proiect thek physicd heallh. ThSs Drolect has bean extended lo 31st March 2024. Celebrating Carnrs Through Art- this a project that was held in cClunctiOn with North East Hampshire arid Famham Clinical CcrfnmissKJning Group as well as varityjs other stakel)olders such as Carers Ambassadors and Ad¢)n for Carors Surrey to run an arts compelition for Carers. Followirw on ftom this the remafftlng fu1 was used for Carers to conlinue attending Art sasslons. This fund is now fijlly 8xp8nded. National Lottery Grant 1 - A wt to hèlp carws through Covid 19 by providing virbJal stpportive sessions, group counsel11r. weware boxes for carors, updated IT equipment for staff and a complete redesign of the webshe. Thls fund was ful expended in the ygar gnded 31 March 2022. Nalional Lottery Grant 2 - A want to connect carers throughwl tho pandemic to provlde IT equipment that can be loaned to carers, as woll as wrtual seOr to includ8 siruiro. baking. flower arranging and l)ook club. This fund was fully expended in tho y8ar 31 March 2022. HCC Covld Grants- The grant received from a local authority to give out to cAr8rs to provMd8 them wth extra assistance duriNJ the pandemic wilh infection control. Flxed Assets - This fuThY represents fixed a88ets acquired frcth restricted funds. Transfers into the fund relate to the acquisition of new assets and expendlture Is recognlsed as the assets are depreciated over tha useful economic INes. 21
THE PRINCESS ROYAL TRUST FOR CARERS IN HAJAPSHIRE (Company No.. 2955846 NOTES TO THE FINANCIAL STATeMENTS FOR THE YEAR ENDING 31 MARCH 2023 15. An•lysls of not 4ssets l)etWoon funds Curmnt Y•ar Fund balances at 31 March 2023 R8prgsented by.. Unrestrl¢lod R•strthd Total 2023 Tangibl8 fixed assets Current assets Creditors.. amounts falling due willmn one year 3.634 380,220 (354) 7.502 48,977 (26.0261 11.136 429,197 {26.380) 383.500 30.453 413.953 Pr•vious year Fund ba18nces at 31 March 2022 Represented by. Unr•strict•d R•striGted Total 2022 Tangi1e fLxed assets Current assets Creditors.. amounts falling due Véilhin one year 5.029 430,460 (460} 11,751 161,7701 (14,257) 16.780 368,690 (14,717) 435.029 164,276 370.753 16. Opgratlng LO0 Commltm•nts At 31 March 2023 and 31 March 2022 the charity did nol have any MmItrents under nc*Fcanceliabl& operating leases. 17. Transactlons wllh R•l•t•d Partl•s Thorg were no frdrkstiOnS with relatsd parlies during the year. 18. Government Grants Incomg from government grarts comprises grants mwjg by local aulhoriti6s to fund the carar support programs run by The Princess Royal Trust for Carers. Tolal income from govemment grants in the year is as folk)ws: 2023 2022 Funding Sourc• Hampshire cnty Counc Hampshire County Council West Hampshire CCG NE Hants & Famham CCG South Eastem Hampshire CCG Far8ham & Gosport CCG HM Revenue & Customs Emergency Planning for Carer3 HCC Carers Fund Hants carers support & irrfo NE Hants Carer8 Service8 Hants carers support & Info H8nts careTS SUPPOrt & info Job Retentlon Scheme Grants 229.532 221.511 60,000 18,911 59,497 7,149 7.149 36,535 410,752 18,911 59,497 307,940
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 29558461 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2023 19. Ultlmat• Controlllng Party The Charity is Gontrolled by ils trusta68. totho arè al its drectOTS. 20. Roconclllatlon ol net movement In fund• to not calh Ik)wfrom operating activitws 2023 2022 Nel movement in funds Add bock depreckqth)n charge & h)s$ on di$po881 of assets Deduct inc(*ng shthvn in invesln9 activits&s Decrease (Cr&e) in debtors Increase {decreasa} in creditors Net cash us8d In operating activit$ (15.730) 31.687 5,848 1421 (1.820} 19,466) 11,663 9.709 1,714 21. An81# of Ca8h afid Ca•h Equlv•hnts 2023 2022 Cash at bank and in haNJ 417,175 425,064 Total 8h and cash u1valents 417,175