THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE A company Ilmlted by guarantee (Charity No= 1040518) (Company No: 2955846) Report of the Trustees and Unaudited Financial Statements For th8 year ended 31 March 2024
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE YEAR ENDED 31 MARCH 2024 CONTENTS Pages Legal and Adminislrative Information Trustees, Report Independent Examinerfs Report Statement of Financial Actlvitles Balance Sheet ststement of Cash Flows 10 Notes to the Flnanclal Stalements 11-23
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE YEAR ENDED 31 MARCH 2024 LEGAL AND ADMINISTRATIVE INFORMATION CONSTITUTION The Princess Royal Trust for Carers in Hampshir8 is a company limited by guarantee and a registered charity 9)verned by its Memorandum and Articles of Association: CHARITY NUMBER: 1040518 COMPANY NUMBER: 2955846 CHANGE OF NAME The Gharity passed a special resolution on 11 July 2009 changing its name from Winchester and District Carers Centre to The Princess Royal Trust for Carers in Hampshire. DIRECTORS AND TRUSTEES The directors of the charttsble company ("the charity") are Its trust88s for the purpose of charity law and throughout this report are colleGts"vely referred to as ts trustees. The trustees serving during the year and since the year-end were as follows: DIRECTORSITRUSTEES MANAGEMENT COMMITfEE: A Darlington M Lar¢ombe M. Marval M. Moore l. Talt CHIEF EXECUTIVE: K Hearsey MBE REGISTERED OFFICE: Andover War Memorial Hospital Charlion Road Andover Hampshire United Kingdom SP10 3LB INDEPENDENT EXAMINER: Rothmans LLP Avebury House St. Peter Street Winchester Harnpshire S023 8BN BANKERS.. National Westminst8r 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 2024 The Trustees are pleased to present their report together with the financial statements of the Charity for the year ending 31 MaTch 2024, which are also prepared to meet the requiremérrts for a directors, report and accounts for Companies Act purposes. Legal and Administrative information s8t out on paga 1 forms part of this report. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to Ihe accounts and comply with the Memorandum and Ariicles of Association. the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). STRUCTURE GOVERNANCE AND MANAGEMENT Constitution The company is a company limited by guarantee and a registered Gharity govemed by its Memorandum and Articles of Association. The objectives of the charity aré set out in its Memorandum and Articles of Association and are focussed on supporting people who are caring for others and are themselves in necessitous circumstsnce5 and advancing education conceming caring among carers and the public. Method of appolntment of Trustees and policies adoptod for the inductlon and tralnlng of TTUStoes The Charlty Is managed by 8 Board of volunteer Trusle85 who hav8 a dlrect Interesl In Carers. i.e. they ar8 or were Carers themselves or have experience, now or in the recent past. of organisalions providing seNices and support for Carers. The latter includes Doctors (current or form6r), elected Councillors, Directors of commercial companies providing Carer support plus those viith an interest in Carer issuès who have skills, e.g. financial, business, fund raising, which is of use to the Charty. Thé Trustees are non-exe¢uts've but provide support from their experience in rel6vant areas of business (finance. budgeting, organisational). Prospe¢tlve Trustees are Introduced to the current Trustees and, if they are judged to flt the profile sought, they are invited to Board meetings, to events and to meetings wilh centre stsff. The new Trustees are required to attend an induction programme to acquaint thémselves fully with the Trusts core activities. If, after a pariod of timé attènding Board meetlngs. staff meetings and Carer 8v8nts. the proposed Trustee fa8ls they are able and have a desire to be invdved with the Charty as a Trustee, the Board will decide. based upon its needs and its view of the proposed Trustee, to invite them to join the Board. At the polnt of Jolnlng the Board. naw Trustees are thereforg famlliar with the operations of the Charity and further specifK Iraining is Provided as necessary. Documents and plans for currenl arKI proposed activities ar8 presented to the Board. Trusteés, Indèmnlty Insurance An insurance policy is in place to indemnify the Trustees against any negative financial impact resuliing from actions of Trustees made in good faith. Organlsatlonal structure and dedslon maklng The Charity is managed by a Board of Trustees. The Board meets quarterly with day-ttrday management delegated to the Centre's Chief Executive. R6POrts from the Chaimian and Chief Executive are given at Board Meetings to enable discussion of any actions to ensure the Charty's objectives are meL The Charity is autonomous in tams of control and financing but is a N8twork Partner of Carers Trust and is affillated to Carers UK. The Charity's acttvitles are regulated by the governing document which is h)cated at the regist8r8d office.
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 2955846) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 Key management personnel remuneration The Trustees consider the Board of Trustees, the Chief Executive and senior management comprise the key management personnel of the charity in charg8 of diracting and controlllro the charty and njnnlng and operating the charity on a day to day basls. All Trustee5 give of their time freely and no Trustee remuneratlon was paid in the year. The pay of the Trust's senior management is reviewed annually by the Trustees. Related party relationships In the opinion of th& Chairman and the Trustees. the only related party transactions in the year are those disdosed in the rbotes. Risk management The Trustees have assessed the major risks to whh the Charity is exposed, in particular those related to the operations and finances of the charty. They a satisfied that systems and procedures are in place to mitigat8 their exposure to the major rBks. OBJECTNES AND ACTIVITES Policies and objectives The Trustees have devised a comprehensive list of relevant policies. CopEs of these are available upon request. The objectives of the charity are listed below: To make contact with Carers. especlally In the rural areas of the district To improve and refine Ihe seNices offerad to Carers in response lo their n88ds To advocate for the needs of Carers by seeking to be consulted on Health and Social Service Policy at both local and Nallonal level. To influence the provision of seNic8s and encourage innovation To ensure the financial viability of the centre To implement the Care Act 2014 To ensure that the service is open to all and inclusive for all. Stratsgies for achieving objectives Strategies formulated by the Trustees, staff and volunteers are presented to the Board and implement8d as appropriate. Activities for achieving the objectives The activities for achieving objectives are many and varied, mostly organised according to demand. Services provlded are". Information. advice and guidance Advocacy and representation Liaison wlth statutory bodies Access to training and aducation Respite Opportunities Regular carers. support groups Emotional support arKI a listening ear Emergency Planning for Carers Free Counselllng by way of voluntary qualffied Counsellors Carers, Clinics in the community and GP surgeri8S Carers Drop In Time Together Groups Assislance with applying for benefts and for help from statutory bodies Carers Hubs
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 2955846) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 Programme related Investments The charity has not made any programme related investrnents. Volunteers Volunteers have again assisted the Charity in various ways. This included assistance with newsletters. events. support groups. hubs and counselling for ca[s. We are grateful to each and every volunteer for his or her contribution. ACHIEVEMENTS AND PERFORMANCE Review of activities The Princess Royal Trust for Carers in Hampshire (PRTCH) has delivewed its activities by listening and responding to Carers needs flexibly and by putting them at the heart of all the setvices that have been delivered. Our aim is to provide carS with high quality information. signposting, support. advice, guidance and advocacy alongside training and education to empower Carers to seek the 5UPPOrt they need to enable thom to Continue In their caring fole, at a time that is most beneficial to them. We continue lo work in partnership with many other voluntary sector organisations and alongside both statutory health and social care providers. We are a network partner of Carers Trust nationally. We have Continued to provide the Emergency Planning for Carers Servi which is commissioned by Hampshire County Council Adults H8alth and Car8 and th8 Hampshire and Isle of Wight Integrated Care System {HIOWICS). We have also maintaed the provision of Carer Support services in the North East of Hampshire for Frimley Int8grat8d Care Syslem alongside Carefs Hubs and GP clinics in the locallty. We continued to provide Carers clinics to all five GP surgeries in Andover via the Andover Primary Car8 Network. Alongside the commissioned services above, the Trust has also continued to provide benefits support, grant funding support and training for professionals including Frimley Hospital. We have maintained a wide range of vlrtual onlne servlces that commenced In Ihe pandemic and have proved Frt)pular, reachlng out to Carers that ar8 unabl8 to18av8 their homes du8 to their caring rola but can access the services onlin8. These include weekly exercise. a weekly coffee morning. a counselling group. Iwo clubs, flower arranging. art class and baking. We have been delighted this year to enter a partsiership with SGN for two years to enable us to provide specialist energy support and advice to Carers in Hampshire around fuel povety. fuel debt. carbon monoxide safety and any extra support that Carers may neèd around energy and keeplng wann and safe. We have delivered household support funding to Carers through a provision with Hampshire County Council Adults Health and Cara which has proved a lifeline for many Carers. Our staff are at the core of the excellent support provided by the Trust to Carers. They are a hardworking, dedicated and professional team led by our Chief Executive, Kerry Hearsey MBE. As a board of Trustees. we remain proud of the support they dehver. the dedication that they show alongside Ih8ir superb knowledge and the driven leadership and passion that is created within Ihe organisation. We enjoy good. strong worklro relationships and work collaboratively wilh many statutory and voluntary organisations both locally and on a national level. Hampshire County Council. Hampshire and Isle of Wight Integrated Care System, Frimley Integrated Care System, Action Hampshire, One Community, SGN, Hampshire Young Carers Alliance. Hampshlre Carers Parinership Board, Cltlzens Advlce. Carers Together, Hampshlre Safeguarding Adults Board, Carers UK, Southern Health and Age Concern are to name just a few. We sit on vafiOUS different forums and groups to represent Carers including the Hampshire Carers Partnership Board, the Hampshire Safèguardlng Adults Board, Ihe Hampshire Leadership Forum, Agelng Wèll, Winchester District Older Persons Partnership, Domestic Abuse Forum and Her8 for Hart as well as many others.
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No." 2955846) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 Demand for the service conlinues to grow alongside the complexty of need. We continue to look to the futur8 positively alongside innovative ways lo provide the high quality support to Carers that they require at the time when they need it the most, be that practical or emotional support. Investment policy and performance The Trustees aim to maximise the amount of investment income received whilst keeping the charty's funds reasonably acc8ssiNa. in accoTdance with the Articles of Association. The charity does not currently hold imiestments other than monies held on deposit. FINANCIAL REVIEW Tha Trust reported net income of £13,204 for the year lo 31 March 2024. As at 31 March 2024, the Twst had reserves of £427,157 of which £115,799 relates to restricted funds. £19,897 relates to designated funds, and £291.461 is unrestricted and available for the general purposes of the charity. Reserves policy The Trustses policy Is to maintain free reserves in unrestricted funds at a level whlch equates to approxlmately six months of running costs but the aim is to have free reserves in UnstrICted funds at a level which equates to twelve months of running costs. The TNstses consider that this level will provide sufficient funds lo maintain the provision of Charitable activities and, if necessary, to respond lo any changes in Hampshire County Councll funding. As at 31 March 2024, the free reseNes of £291,461 would be suffici8nt to cover 7 months of expenditure and are therefore inline with the policy set out above. Prlnciple funding Our principal funders continue to be Hampshire County Council and the Hampshire and Isle of Wight Integrated Care System, as well as the year SGN contract. This fundirKJ gives stability to our core activities and allows the Trust to plan ahead for seNices as well as glve reassuran to the Carers that support for them remains a priority with ststutory bodies. The Board is aware of the importance of continuing to seek alternative funding streams and maintaining adequate financial reserves. The Board aims to keep one years runnlng costs as reseNes. PLANS FOR THE FUTURE It is essential to ensure the continuation of all core work of the Charity. The Trust will contlnue to strèngthen relationshlps and worklng practices with hèalth bodles as well as the local authority. The Trust will continue to monitor and imp16mBnt Carer legislalion. policy and good practice. The Trust will continue to seek further fijnding streams to allow it to enharsce and grow its services. PUBLIC BENEFIT The Charity provided fr88, impartial and appropriale support to Carers throughout Hampshire through information. advice. guidance and advocacy. Carers are also supported with help with respite re and transportation. The Trust supports carers with infomation, advlce and support on a one to one basis In compl8X caring matters. The Emergency Planning for Carers Schema is operated and is avallabla 24 hours a day 7 days a week should a Car8r become ill or encountèr an emergency where they could not care for thelr cared-for and we have seen an increase in the number of referrals being made as well as the number of plans activated.
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 2955846) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 The Trust confjnues to hold a Carer Support contract with the Frlmley Integrated Care System to provlde carer support Ihrough Carers Hubs, GP clinics, training and one to one support by providing information. advice. guidan and advocacy. We have commenced a two year project commissioned by SGN to provide specialist energy advice to Carers. The Trustees confirm that they have complied with their duty under section 17(5) of the Charities Act 2011 to have due rogard to the Charity Commission's guidance on public benefit when exercising any powers or duli&s to which this guidance is relevant. TRUSTEES. RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The Trustees. who are also Directors of The Princess Royal Trust for Carers in Hampshire for the purpose of company law. are responsible for preparing the Trustees report and financial statements in accordance with applicable law arKI United Kingdom Accounting Standards (United Ktngdom Generally Accepted Accouniing Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Stsndards and applicable law). Under company law the Trustees must not approve thè financial statements unl8SS they are satisfied that they givè a Irue and fair view of the stste of affairs of the charitable company and the profit or loss for the charitsble company for that period. In preparing Ihese flnancial sLqtements th8 Trustaes ar8 required to: Select suitable accounting policies and apply them consistently: Observe the methods and principles in the Charities SORP Make judgments and estimates that are reasonable and prudent; Stat8 wheth8r applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial stalements; and ppare the accounts on a going concern basis Unl it is inappropriats to presume that the company will conllnue In operation. Thè Trustees are responsible for maintaining proper accounting records which disdose with reasonable accuracy at any time the financial position of the Charity and enables them to ensure that the financial statements comply with the Companies Act 2006. the requirements of the Charity's govemlng document and the requirements of the Charity SORP. They are also responsible lor safeguar(Jing the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepaied in aGcordance wrth the provisions of Part 15 of Ihe Companies Act 2006 relating to small companies. ON BEHALF OF THE BOARD OF TRUSTEES: M Marval - Chainman Date: Ik) L)lik
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE ('THE CHARrrABLE COMPANY,) (COMPANY NO: 2955846) FOR THE YEAR ENDING 31 MARCH 2024 I report to thè charity trustees on my examination of the accounts of the above charitable company for the year ended 31 March 2024. Responsibiliti•s and basis of report As the charity's trustees of the charilabl8 company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.lhe 2006 Act'}. Havlng satisfied myself Ihat the accounts of the charilable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent 8xamination. I report in respect of my examination of your cliarltable company's accounts as carried out under section 145 of the Charllles Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Dlrections given by the Charity Commission under section 145(51 {b) of Ihet 2011 Act. Independent examiner's statement Since the charltable company's gross Income exceeded £250.000 your examiner must be a member of a bcrtjy Ilsl@d in section 145 of the 2011 Acl. l confirm Ihal l am qualified to undertakè the examination because l a member of Institute of Chartered Accountants sn England and Wales, which is one of the listed bodies. I have compleled my ex8min8tion. I confirm that no matters have come to my attentlon In connection with the examination giving me caus8 to b81iev8: accounllng records were not kept In respect of the charitable company as required by section 386 of the 2006 Act. or the accounts do not accord with those records,. or 3. the accounts do not Gomply with the accouiiting requirements of seclion 396 of the 2006 Act other than any requlrement that the accounts glve a 'true and falr vlew whlch Is not a matter consklered as part of an independent examlnation., or 4. the accounts have not boen prepared in accordance with the rnethods and principles of the Statement of R@comm8nded Praclice for accoiinling and reporting by charities applicab18 to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in thè UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other matters in connection with the examination to which att8ntion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Jonathan Poulter FCA Rothmans LLP Chartered Accountants Avebury House St Peter Street Winchester Hampshire S023 8BN Date".
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 2955846) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDING 31 MARCH 2024 Totsl Funds 2024 Tolal Funds 2023 Unrestrlcted Rèstricted Funds Funds INCOME FROM: Donations and18gacies Charitable activities Investrnents Other income 7,9C 18,057 5.431 7.900 494,315 5,431 4,620 308.365 1.820 5,450 2b 476.258 2d Total Income 31.388 476,258 507,646 320,255 EXPENDrruRE ON: Charitable activities 22.428 472.014 494,442 335,985 Totsl gxpendlture 22.428 472.014 494.442 335.985 NET INCOME I (EENDITURE) 8,960 4,244 13.204 {15,730) Transfers beiween funds 14 (81.102) 81.102 NET MOVEMENT IN FUNDS (72,142) 85,346 13,204 {15,730) RECONCILIATION OF FUNDS: Totsl funds brought forward 14 383.500 30.453 413,953 429.683 Totsl funds carried forward 14 311,358 115,799 427,157 413,953 The statement of financial activitres includes all gains and losses recognised in th8 year. All income and expenditure derives from continuing activities. The notes on pages 1110 23 fom7 Part of these fin8nclal st8ten7ents
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 2955846) BALANCE SHEET FOR THE YEAR ENDING 31 MARCH 2024 Notes 2024 2023 Fixed A58et8 TangiLrfe Assets Totd fixed assels 9.390 9.390 11,136 11.136 Currnnt Assets Debtors Cash at bank and in hand Total cuent assets 29.713 405.359 435.072 12.022 417.175 429.197 10 Liabilities Creditors: Amounts falling due within one year 11 (17.305) (26.380) Net current assets 417,767 402.817 Total net assets 427 157 413953 The funds of the charlty: Unreslricted Funds Restricted Funds Totsl Charity Funds 14 14 311.358 115,799 427 157 383,5CKJ 30,453 413 953 The charltable company Is entltled to exemption from audlt under sectlon 477 of the Companies Act 2006 for the year ending 31 March 2024. The members have rnt required the company to obtain an audit of its accounts for the year ended 31 March 2024 in accordance with section 476 of the C(Ynpani8s Acl 2006. The trustees acknow18dg8 their responsibilitias for: a) ensuring that the charitable company keeps accounting records which comply with Sèctions 386 and 387 of the Companles Acl 2006 and b) preparing financlal statements whlch give a true and fair view of the state of affairs of the charttabla ompany as al the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comFAy with the requir&ments of Companl@s Act 2006 relating to financial statemenls. so far as applicable to the charitable company. Thase accounts have been prepared in accordance with the special provisions of Part 15 of thg Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The financial aleme ts were approvgd by the Irustees on b,Tr.c¢ffrtrJ..t).1nd were slgned on their behalf by: l Tait Trustee Dr M Marval Cheirman The notes on pages 11 to 23 fonn part of these finanal statements
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 2955846) STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31 MARCH 2024 Total Funds 2024 Total Funds 2023 Notes Cash provided by operating activities: 21 (8.675) (9.709) Cash flows trom Investing activities Interest from investmgnts Purchase of fixed assets Net cash provided by Investing activitles 5,431 8,572 3,141 1,820 1,820 Increase In rAsh and cash equlvalents In the yoar (11.816) (7,889) Cash and cash equivalents at the beglnnlng of the year 417.175 425,064 Cash and cash equlval•nts at tho end of tho yoar 22.23 417 175 The notes on pages 11 to 23 ft)mi part of these finanal Statements 10
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024 The Princess Royal Trust for Carers In Hampshire is a charitable company. limited by guarantee, registered in England and Wales. Its registered office and princip place of business is Andov8r War Memorial Hospital. Charlton Road, Andover. Hampshire. SP10 3LB. 1. Principal Accounting Policies a) Basls of accountlng Tho financial sialemenls of the charitable company, which is a public benefit entity undor FRS 102, have been prepared in accordance viith Uie Charities SORP IFRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practio" applicable to charities preparing tlieir accounts in accordance with the Financial Reporllng Slandard applicable in the UK and Republic of ]land {FRS 102) Second Edition. (eff6ctlve 1 January 20191, tho Companles Acl 2006 and the Charlt18s Act 2011. The financial stataments have been prepared under the historical cost convention. Th8 financial statements are prepared in sterling which is the functional and presentational currency of the Charity. The financial stalamenls are rounded lo the neast PDund. The accounts are prepared on the gDSng concern bas15, on the assurnplion that the charity will conllnue to be successful in l&nderlng for contracts with Hampshire County Council. If these Contracts are not renewed then il is probable that the charities aclivilias would reduce subslanlially. Th8 Irustees have reviewed Ihe Charities posillon and are confldent that st has adequate reserves lo enable it to conllnuo to operate for the foreseeable future. In preparing these accounts the trustees have not had to make any significant judgements. There are no SOLJrces of estimation uncertainty which have a significant risk of causing a material adluslmenl to the carrying amounts of assets and liabilities wilhin the next financial year. b) Pwlods Cov•red The accounts cover the year to 31 M8rch 2024, with comparatives for the year to 31 March 2023. c) Income Income is included in the Accounts on an accruals basis. Voluntary income comprises donations and grants of a general nature and is recognised when the charily has unconditional entitlement lo the resources. Income from legacies is recognised at the earlier of the date on which either." the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust Ihal a distribution will be mado, or when a dislribution is received from the estate. Receipt of a legacy. in whole or in parL is only considered probable when the amount can be measured reliably and the charity has been noltfied of the executor's inlention to make a distribution. Where legacies have been nOtifd to Ihe charily, or the charity is aware of Ihe grantiro of probate, and the criterla for income recognition have not boen met. then the legacy is a treated as a contlngent asset and disclosed if material. Income from charitable activitie5 includes grants reiVed to fund Specif programme activlties. subscriptions and other incoming resources. Income from govemment and other grants is recognised when the charily has entitlement to Ihe funds. any performance conditions attached to the grants have been met. it is probable Ihat the income will be received and the amount can be measured reliably. Income from grant agreements which require the perf0mlan of services over time is recognised as each period of service is delivered and income received in advance for services to be delivered after Iha reporting period Ss def@rred as appropriate. Investment income, comprising interest received on funds on deposic is COgniSed Ythen receivable by the charity. The charity does not ceIve any donated goods, faciliti&s or services. In accordance with the Charities SORP (FRS 102), the contrlbution of general volunteers is nol recognSsed within these financlal statements. Details of the role played by general volunteers and their contributions to the Charity ar8 givèn in the Trustee's Report.
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No.. 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024 All income relates to the charity's sole activity of providing support to Carers in Hampshire. An analysis of restricted income by proj8Ct is provided in Note 14 of these accounls. d) Expendlture Expenditure is recognised on an accruals basis when a liability is incurred. ReSoUrS expended include attrlbutable VAT whlch cannot be recovered. Charitable expendlture comprises those costs Incurred by tr]e charity in the delivery of its activities and SeICe5 for its beneficiaries. It Sncludes both Gosts that can be allated directly to such activities and those costs of an Indirect n81ure necessary lo supporl Ihem. Governance costs are included wllhin suppurt costs and include those costs associated th meeting the conslilulional and slaliJlc)ry requirem8nls of Ihe charily and include lh6 audil fees and cosls linked lo the strateglc management of the charlty. Costs are allocated to the headings and funds on the basls of specific usage. Where costs cannot be dlreclly allocated they are apporlioned between major projects on the basis of lunding. All projects fall under the charity's sole charltable actlvlly of provldlng Support to carors in Hampshlre. e) Tangible Flxed Assets Tangible fixed assets are staled al cost less deprecialion and cornprise furniture. fixtures and computer oquipment. DeprocSation 15 provided on a stralght Ilne basls over tho estlmated useful ecoiiomlc Ilfe of each asset, which is consldered to be.. Furnllure and equipmenl Compu16r equipment 4 years 3 years Impairm6nt reviews are carrled out as 8nd when 6viden¢e comes to light that the recoverable amount of a funcllonal red asset is below its net book value due to damage, obsolescence or other relevanl factors. Historically, the charity depreciated its Computer Equipment over 8 period of 4 years. however this YS revisad to 3 years in FY2024 as these assets are now bèing replaced more frequently. g Taxatlon As a charily. The Princess Royal Trust for Carers is exempt from lax on income and gains fdling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in Ihe Charity. g) Operatlng Leases Leas8 pasThents in respect of operating leases are charged to the Profit and Loss account as incued. h) Debtors Trado and other debtors are recognlsed at the setllement amount due after any Irade discount off8red. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. l) cdItorS and provisions Creditors and provisions for Ilabllltles and charges are recognised where the charity has a present obligatlon resulting from a past event that will probably result in Ihe transfer of funds to a third party and the amount due lo setlle Ilie obligation can be measured or eslimaled reliably. Creditors and provisions are normally recognised at Ihelr settlement amount after allowlng for any trade discounts due. 12
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024 J) Flnanclal Instruments The trust only has finan¢lal assets and flnanclal Ilablllties of a klnd thai qualify as basic flnancial Instruments and are measured at amortised cost. Basic financial Instruments which are debt instruments comprise trade debtors and cash at bank and in hand and these assets are initially recognised at transaction value and subsequently measurad at their settl&ment value. The carrying amounts of thgse instruments are given in Notes 9 & 10 of Ihese accounts. Basic financial Instruments which are financial liabililies comprise trade croditors which are initially recognised at transaction value and subsequently measured al their settlement value. Thè carrying amount of thes6 inslruments is given in Note 11 of Ihesa accounls. Incom8 arising Irom financial assels m8asured at amortised cost comprises bank interest and is disclosed In Note 2{cl. k) Fund Accounting Restricted funds are maintained when a grant requires that it must be spent on a particular purpose or where funds have been raised for a specific purpose. Designated funds are funds set aside by the trustees for particular purposes or projects. A51 other funds are unrestrlcted general Income funds which are available for use at the discrelion of the trustees in furtherance of the general objectives of the charity. l) Legal Status of tho Charity The Cliarity is a company limited by guarantee and has no share capilal. The liability of each membeT in the event of wnding-up is limited to £1. The company is prevented by its Articles of Associatbon from making a distribution to its memb8rs. m) Pension Contn'butlons Employees of the charity are 8ntitled to join a defined contribution 'money purchase. scheme. The charity conlrlbutlon Is restrictod to the conlributlons dlscloscd In note 3. The costs of the defined contrlbution scheme are InGluded withn wages costs and aro charged to the unrestricted and restricted funds of the charity using th8 methodology sel out in nole 1{dl. The Trijsl has no liability in respect of this pension scheme beyond making its contribulSons and paylng across the deductk)ns for the employee's contributions. 13
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024 2. Income Unregtrlct R•strictsd 2024 2023 a) Income from donations and legacios Donations 7.900 4,620 In FY2023 all donations were unrestricted. b) Income from charitable adivities Grants 18,057 476,258 18,057 476,258 In FY2023 £34.198 of Grants were unrestricted and £274.167 were restricted. ) Income from Investments Bank and building sOty interest received In FY2023 all interest received was unrestricted. d) Other Income Mlscellaneous income In FY2023 all mlscellaneous incom8 was unrestrfcted. 494.315 494,315 308.365 308,365 3. Staff Costs and Trustee's Remuneration 2024 2023 Wages and salaries Social security costs Contributions to defined contribution pension schem8s 293.166 20.975 6.051 222.806 15.416 4.684 242 906 The charity Iruslees were not paid, nor receivfgd any other benoflls from employment with the Charty during the year12023.' £NIL). No charlly trustee recelved payment for professional or other servl¢es supplied to the charity (2023.. £NIL). No charity truste& expenses have been incurred. The average monthly head count of employees in the year was as follows: Centre Manager 2024 Administrator Carer Support Officers 2023 12 The Charily considers its key management personnel comprises the Chief ExecutlV8 and senior staff members. The total employment benefils. including employer penslc)n contribullons, of thè key manag8ment personnel were £124.858 (2023: £117,338). Durlng the currenl & prior years, no employees earned in excess of £60,000. 14
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE {cpanY Number 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 C ro ooa) ts 0 3) Eill2 15
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE {Company Numb8r 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 rD in (p ¢r) p (ry ry (o va> f4 ¢y) (N f•> aj ¢VJ O) Thi In ) (N oj ffj (N ¢£J ¢J) (D 000 a) 16
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024 S. Grants Payable Grants payabl8 relate to £38,086 of grants paid under the HCC Hous8hold Grants scheme to 61 recipients. In the prior year. grants payable related to £42S of Carers Trust grants paid to 2 recipients. 6. Net Income l (expendlture for year) 2024 2023 This is stated after charging-. Depreciation Independent Examiner's remuneration for: Independent Examination Accountancy SeNices 10.318 5,644 1.740 4,860 1,620 4.500 7. Statement of Flnanclal Actlvltles - Comparative Figures Unrestricted Funds Restricted Funds Total 2023 INCOME FROM: Donations and18gacies Charllable acllvliles Investments Other Income Totsl Income 4.620 34.198 1,820 5,450 46,088 4.620 308,365 1,820 5,450 320,255 274.167 274.167 EXPENDITURE ON: Charitable activities Total Expenditure 14.651 14.651 321,334 321.334 335,985 335,985 NEf INCOME I (EXPENDITURE) 31.437 (47.167} (15,7301 Transfers between funds (34,834) 34.834 NET MOVEMENT IN FUNDS (3,397) (12.333) {15,730) Total funds brought forward 386.897 42.786 408.503 Total funds carried fOard 383.500 30.453 429.683 17
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024 8. Fixed Assots Computer Equipment Total Cost As at 01 April 2023 Additions Disposals As at 31 March 2024 23.434 8.572 23,434 8,572 32.006 32.006 Depreciation As at 01 April 2023 Charge for the year Eliminatlon on disposal As at 31 March 2024 12.298 10.318 12,298 10.318 22,616 22,616 Net Book Value As at 31 March 2024 9.390 9,390 As at 31 March 2023 11,136 11,136 9. Debtors 2024 2023 Trade debtors Prepayments and accrued in¢om8 5,000 7.022 29.713 10. Cash in hand and at bank 2024 2023 Bank current account Bank deposit account Cash in hand and staTnps 100 405.209 50 100 417.025 50 405.359 417 175 11. Creditors - amounts falling duo within one year 2024 2023 Trade creditors Taxation and social security Accruals and def8rr8d incom8 Other creditors 4,495 6,210 6.600 14,052 5,172 6,120 1.036 17.305 26,380 18
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024 12. Deferred Income The charity did not have any defarred income in the currant or prior year. 13. Funds received as agent No funds were received as agent during the current or prior year. 14. Anatysls of Charltablè Funds Analysls of Movemenl In Unrestrlthd Funds - Current Year Balance at Incoming Outgoing 1 Apr 2023 Resources Resources Balance at Transfers 31 Mar 2024 General Fund Designated Funds: Comwter Hardware Total Unrestricted Funds 358.500 31.388 (17.325) {81,102) 291,461 25,000 383.500 (5,103) (22,428) 19,897 311.358 31.388 (81,102) Transfers totslling £81,102 Vre m8de from unreslricted funds to cover over-spends on restricted projects during the yéar. Analysls of Movement In Unrestrlcted Funds - Prlor Year Balance at Incomlng Outgoing Balance al 1 Apr 2022 Resources Resourcos Transfars 31 Mar 2023 General Fund Designatèd Funds: Computer Hardware Total Unrestricted Funds 361.897 46.088 (14,651) (34,834) 358.500 25.000 386.897 25.000 383.500 46.088 (14.651 34.834) Transfers totslling £34.834 were made from unrestricted funds to cover over-spends on rest[ted projects during the year ended 31 March 2023 Al the Tnjstees Meeting of 2ThJ December 2021 the Trustees approved the creation of a new £25,000 designated fund for Computer Hardware. which is to be used for the purpose of upgrading the charitys IT infrastructure. 19
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024 14. Analysls of Charltablo Funds (contlnued...) Analysls of Movoment In Restrlcted Funds - Current Year Balance at Incoming Outgolng Balanco at 1 Apr 2023 Resources Re8oufGes Transfers 31 Mar 2024 Emergency Planning for carS Surviving Winter NE Hants Carers Services Young Adults Carers NEH HCC Covid Grants HCC Household Grants SGN Project Flxed Assets 251.460 (334.116) 82,656 635 635 8.095 59.497 (69299) 17.897 (17.897) (4.535) 17.897 4,535 55.833 109,468 (38.088) (24.026) (6.487) 17.747 85,442 3,880 7,386 2,981 30,453 476.258 472.014 81.102 115,799 Analysls of Movement In Restrlctsd Funds - Prlor Year Balance at Incomlng Outgoing Balan¢e at l Apr 2022 Resources Resources Transfers 31 Mar 2023 Emergency Planning for carS Surviving Winter NE Hants Carers Services Young Adults Carers NEH Celebrallng Carers through Art HCC Covid Grants Fixed Assets 214.670 (239,777) 25,107 635 3,315 17.897 4,876 4.535 11,528 635 59.497 (72.539) 9.727 17.897 (4.876) 4,535 7,386 (4,142> 42.786 274,167 321.334 34,834 30.453 20
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No.. 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024 1& Analysls of Charltable Funds (contlnued...) Purposes of Restricted Funds Emergency Plannlng for Carors - To provide an amargency plan for carers should Ihe carer become 111 or unable to provide the care that Ihey have been giving. This contract was ranewed wilh Hampshire County Council for 3 years from 1 April 2019 to 31 March 2022, and subsequenlly extended to 31 March 2024. Surviving Winter - To identify carers in need of financial support to pay their heating bills and facilitate access to govemment grants to alleviate hardship. Young Adults Carers - project to look at the needs of young adult carers (aged 1&25 years). During the year the remaining balance on this fund was transferred to the NE Hants CaTers Service project. NE Hants Carers Servlces - A grant from North East Hampshira CCG to provide monthly Carers Hubs in various locations in North East Hampshire vknich act as a 'one stop shop. where carers can gather information and se8k advice and support in relation to their caring role. To facilitate Carers Clinics at two GP surgeries in N E Hants where carers can make appointments to see a carer support worker for advice and information in relation to their caring role and where the carer support worker can support Practice Teams in becoming more knowledgeable about carers. To provid8 cours&s that train and supporl car8rs in various aspects of caring in order to ease their anxiety around thelr caring role as well as protect thelr physical health. This proiect has been extended to 31st March 2024. Celebratlng Carers Through Art - this was a project that was hetd In conjunctlon with North East Hampshlre and Famham Clinical Commissioning Grwp as well as various other stakeholders such as Car8rs Ambassadors and Action for Carers Surrey to an arts competitlon for Carers. Following on from thls the remaining fund was used for Carers to continue attending Art sessions. This fund is now fully expended. HCC Covid Grants - The grant received from a local authority to give out to carers to provide them with extra assistanc& during the pandemic with infection control. During the year a transf8r made to allocate costs subsumed within the general expendiiure in prior periods. HCC Household Grants - HCC has roc8ived granl funding from the DWP in accordance with the Household Support Fund guidance to provide support to vulnerable households. Grant funding has to be allocated to organisalions to support unpaid carers in Hampshire through food vouchers or tangible items. SGN Projèct - This is a partnership project between SGN (Southern Gas Nalworks) and the Princess Royal Trust for Carers in Hampshire. The partnership will engage carers across Hampshire with infomation on the support that's available for carers to maintain a safe and warm home. Through this engagement a dedicated team of advisers with skills in energy and carers needs will provide a safe, warm, and engaging space where support services can be bespoke to the carer's needs. Flxed Assets This fund represents fixed assets aCqUid from restricted funds. Transfers into the fund relate to the acquisition of new assets and expendilure is recognised as the assets are depreciated over the useful economic lives. 21
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024 15. Analysls of net assets between funds Current Year Fund balances at 31 March 2024 Represented by. Unrestricted Restricted Total 2024 Tangible fixed assets Current assets Creditors: amounts falling due within one year 5,510 305.848 3,880 129.224 (17,305) 9,390 435.072 (17.305) 311358 115,799 427 157 Prevlous year Fund balances at 31 March 2023 Represented by. Unrestrlcted Restrlcted Total 2023 Tangible fixed assets Current assets Creditors: amounts falling due within one year 3,634 376.823 (354) 7,502 1,810 (28.026) 11,136 378,633 (26.3801 380.103 16,714 363 389 16. Operating Lease Commitments At 31 March 2024 and 31 March 2023 the charity did not have any commttmenls under non-cancellable operating leases. 17. Transactions with Related Parties There were no transactions wilh related parties during the year. 18. Government Grants Income from government grarrts comprises grants made by local authorities to fund the carer support programs run by The Princess Royal Trust for Carers. Total income from govemment grants in the year is as follows: 2024 2023 Fundin Source Hampshire County Council Hampshire County Council West Hampshire CCG NE Hants & Famham CCG Test Valley Borough Council Emergency Planning for Carers HCC Household Grant Scheme Hants carers support & info NE Hants Carers Sewvices Coronalion Grant 266.322 58.578 229.532 18,911 59.497 59,497 450 384.847 307.940
THE PRINCESS ROYAL TRUST FOR CARERS IN HAMPSHIRE (Company No: 2955846) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024 19. Contlngent Assots As at 31 March 2024, the charily has been notified of one residu8ry legacy, the valuation and timing of which is uncertain as the majority of the legatys value arises from a properly which has not yel been sold, and which has restrictive covenants in place which may affect Sts market appeal. The curr8nl estimate of the value of the res¥Juary legacy is approximately £188k. 20. Ultimata Controlling Party The Charty is controlled by its trustees. who are also its directors. 21. Reconclllatlon of not movement In funds to net cash flow from operating actlvltles 2024 2023 Net movement in funds Add back depreclatlon charge & loss on disposal of assets Deduct income shown in investing activities Decrease (increase) in debtors Increasè {decrease) in cxedilors Net cash used in operating activities 13.204 10,316 (5.431) (17.691) 9,073 8.675 (15,730) 5.644 (1,820) 50,564 22. Analysis of Cash and Cash Equlvalonts 2024 2023 Cash at bank and in hand 405.359 417,175 Total cash and cash equhvalents 405.359 417 175 23. Anatysis of changes in net debt At start At end ear Cash Flow3 Cash at bank and in hand 417.175 (11.816) 405.359 417,175 (11,816) 405.359 23