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← Camden Carers

2025-03-31-accounts

CAMDEN CARERS (Registered charity no. 1042757)

REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

4

CAMDEN CARERS

(Rregistered charity no. 1042757)

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2025

CONTENTS
Page
Legal and administrative information 3
Management Committee's report 4-9
Auditors’ report 10
Statement of financial activities 13
Balance sheet 14
Statement ofcash flows 15
Notestothefinancialstatements 16

2

CAMDEN CARERS

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS For the year ended 31 March 2025

For the year ended 31 March 2025
Management Committee Tayo Adehin
Anita Berlin
Melissa Fabio
Tibor Gold
Prakash Kurup
Bee Lee
Yukiko Lorenzo
Jacqueline Spigel
Desmond Walcott
Chair Bee Lee
Treasurer Prakash Kurup
Secretary Allegra Lynch
Senior Management Team:
Chief Executive Officer Allegra Lynch
Charity reg. no. 1042757
Registered office and operating address The Greenwood Centre
37 Greenwood Place
London NW5 1LB
Auditors Knox Cropper LLP
Chartered Accountants and StatutoryAuditors
65 Leadenhall Street
London
EC3A 2AD
Bankers National Westminster Bank PLC
166 Camden High Street
London NW1 ONE
CCLA Investment Management Ltd
80 Cheapside
LondonEC2V6DZ

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CAMDEN CARERS

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MANAGEMENT COMMITTEE'S REPORT

For the year ended 31 March 2025

Ss

The Management Committee, who act as trustees for charity law purposes, submit their annual report and the financial statements of Camden Carers (CC) for the year ended 31 March 2025. The Management Committee confirms that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document 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) (effective 1 January 2019).

CHAIR'S REPORT

In the first quarter of 2025 Camden won the contract with the local authority to continue providing services to the 14,605 carers in the borough. This was a competitive process with senior managers working together to write the tender application.

During the year Camden Carers were successful in several bids including :

ACHIEVEMENTS AND PERFORMANCE

At the end of March 2025, we had 4834 carers registered with us.

During the year April 1° 2024 to March 31° 2025 Camden Carers

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CAMDEN CARERS

MANAGEMENT COMMITTEE'S REPORT

For the year ended 31 March 2025

The Quality of life survey showed that 88% of carers completing the survey said contact with Camden Carers had improved the quality of their life and 85% said they rate our organisation highly.

In September we were successful with our second bid for funding from The Rank Foundation Time to Shine —leadership programme. Giving us the opportunity to employ a full-time, Time to Shine Leader, for 12 months. We took on a volunteer coordinator focussing on ensuring all our volunteer polices are up to date and relevant and supporting the promotion of volunteering for Camden Carers.

In October, Camden Carers ran its fourth Young Adult Carer (YAC) residential to Yorkshire with 7 YACs and 2 staff.

The full board meet four times during the year. Trustees also meet in committees throughout the year.

Staff leaving the organisation

New starters from 2024-2025 : 5 staff started at the organisation Leavers : 2 staff left the organisation

STRUCTURE, GOVERNANCE AND MANAGEMENT

Camden Carers (CC) is a registered charity that converted from a company limited by guarantee with no share capital (company number 02956383, incorporated on 8 August 1994) to the charitable incorporated organisation, CIO (company number CE026446, charity number 1042757) on 16 August 2021. As a result, the business, including assets, liabilities, reserves and operations of the incorporated charity were transferred to the charity incorporated organisation. Hereafter in the report, the charitable incorporated organisation (charity number 1042757) is referred to as charity and Camden Carers.

The constitution of Camden Carers is based on the foundation model constitution set out by the Charity Commission. The Management Committee Members are appointed by the membership at the Annual General Meeting or co-opted between meetings. Day to day management of the Charity is delegated to the Chief Executive Officer.

MANAGEMENT COMMITTEE AND KEY MANAGEMENT PERSONNEL

Management Committee members are the Charity's Trustees and Directors under Charity law,

Prospective members are invited to attend meetings of the Committee. On agreeing to become a member and eligible for election, a trustee induction pack is made available outlining the work of the Charity and the roles and responsibilities of the Management Committee and its members. Training is accessed through Voluntary Action Camden.

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CAMDEN CARERS

.

MANAGEMENT COMMITTEE'S REPORT

For the year ended 31 March 2025

Key management personnel comprise the Management Committee Members and senior management who consist of the Chief Executive Officer, Allegra Lynch.

All trustees give of their time freely and no trustee received remuneration in the year. Details of trustee expenses and related party transactions are disclosed in the notes to the accounts.

The remuneration of the Chief Executive Officer is reviewed annually along with other members of staff by the Management Committee who determine if a pay increase will be made.

OBJECTIVES AND ACTIVITIES

Camden Carers offers information, advice and support to unpaid adult carers (18+) living, working or studying in Camden, or caring for someone who lives in Camden. Camden Carers is also the gateway to numerous services provided by other local organisations and agencies working with carers in Camden. We offer a wide range of services to carers to enable them to maintain their own health and wellbeing, to havea life outside of caring and to continue caring.

Camden Carers delivers a flexible, accessible service through group and one-to-one sessions, telephone, face to face, video calls/Zoom or email.

Highlights for the year

Areas of concern

6

CAMDEN CARERS

MANAGEMENT COMMITTEE'S REPORT

For the year ended 31 March 2025

PLANS FOR THE FUTURE

Camden Carers will be introducing a virtual offer in 2026. We will be looking at improving the website and how best to use Al to support the work of the organisation.

PRINCIPAL RISKS AND UNCERTAINTIES

Camden Carers like many small charities has seen an increase in the number of carers that need our support and the support that is needed is increasingly more complex.

Al and its increasing use in the sector is both a challenge and a benefit, we need to keep abreast of changes that occur in this fast growing sector in order to use safely in a way that benefits carers.

The importance of supporting carers has been highlighted across the country and the role that charities play in society is finally being fully recognised. The continued cuts from central government and changes in how health and social care is provided impact services for both carers and the people they care for.

Challenges include staying focused on continuing to offer a first rate service to carers amidst a continued background of worldwide changes in how organisations operate. Like other small charities we face the ongoing challenge of competitors for ever decreasing pots of money. The board and Senior Management Team need to continue to put carers at the heart of all decisions made. We will continue to involve and listen to what carers tell us is important to them and act on the feedback we get. Other carers organisations are merging and we need to be mindful of both the benefits and the pitfalls that such mergers bring for carers in Camden.

Camden Carers continues as a network Partner of Carers Trust and the CEO regularly meets with other carer organisations across London and the country to discuss the challenges faced by our organisations.

PUBLIC BENEFIT STATEMENT

The Management Committee Members confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.

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CAMDEN CARERS

MANAGEMENT COMMITTEE'S REPORT

For the year ended 31 March 2025

FINANCIAL REVIEW

Over the year, income was 1,094,584, an increase of 0.05% from last year (2024: £1,043,313). This includes (i) Income for Time for Me project from Carers Trust (ii) Income for Grants to Carers from Glasspool Charity Trust (iii) Income Camden Carers Services Contracts from LB Camden. This allowed us to continue to deliver a more diverse service to carers, such as the dementia project, emotional support and counselling, health and wellbeing services in Camden.

Our total expenditure stood at £1,113,897, an increase of 0.12% from last year (2024: £994,792), reflecting our increased levels of expenditure on our unrestricted grants and funds. (see note 14 of our accounts for details).

RESERVES POLICY

At year end, our total reserves stood at £72,095 compared to last year (2024: £91,408), These were held as Restricted for specified charitable purpose (£32,641) and Unrestricted (£39,454).

We reviewed our reserves policy during the year. It remains our objective to build a general reserve sufficient to cover at least two months' operating costs - which currently stand at £120,000, to cover any statutory redundancies, 2 months’ essential operation costs and other closure costs. The general reserve is currently £39,454 (2024: £63,711) so is below 1 month of operating costs. We built up our target reserves to increase our unrestricted grants income and to improve savings via value for money exercises of services we use. Should the reserves exceed two months' operation costs of £120K then the Board will plan to invest the extra over £120K into new services for carers.

FUNDRAISING POLICY

The Charity does not use fundraising services, consultants or external professional fundraisers to undertake its fundraising activities. Additionally no data is shared with or sold to any external agencies. It doesn't approach or pressure vulnerable people to support its work. A complaints policy is in place and is accessible on the Charity's website. The Charity adheres to the Fundraising Code of Practice issued by Fundraising Regulator. Fundraising events carried out on behalf of the Charity are monitored by the senior management team to ensure compliance with the Fundraising Code of Practice.

Statement of Management Committee's responsibilities

The Management Committee are responsible for preparing The Annual Report and The Financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Charity law applicable to charities in England/Wales requires the Management Committee as Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Management Committee is required to:

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CAMDEN CARERS

MANAGEMENT COMMITTEE'S REPORT

For the year ended 31 March 2025

¢ state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

The Management Committee Members are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.

The Management Committee Members are responsible for the maintenance and integrity of the corporate and financial information included on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

STATEMENT OF DISCLOSURE OF INFORMATION TO AUDITORS

In so far as the directors are aware, that:

e we have taken all the steps that we ought to have taken as directors in order to make ourselves aware of any relevant audit information and to establish that the charity's auditors are aware of that information.

This report was approved and authorised for issue by the Management Committee on 21 October 2025 and signed on its behalf by:

Bee Lee Chair

)

CAMDEN CARERS

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CAMDEN CARERS

Opinion

We have audited the financial statements of Camden Carers Centre (‘the charity’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

/Continued ...

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CAMDEN CARERS

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CAMDEN CARERS (Continued)

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement in the Trustees' Report, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.ire.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

/Continued ...

11

CAMDEN CARERS INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CAMDEN CARERS

(Continued)

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken, so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report or for the opinions we have formed.

Y-oergper Lt

Knox Cropper LLP

Chartered Accountants and Statutory Auditors 65 Leadenhall Street

London EC3A 2AD

Date: 18 January 2026

Knox Cropper LLP Charterted Accountants is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

12

CAMDEN CARERS

STATEMENT OF FINANCIAL ACTIVITIES (incorporating Income and Expenditure Account) For the year ended 31 March 2025

Unrestricted Unrestricted Restricted Total Total
Funds Funds Funds Funds
Note 2025 2025 2025 2024
£ £ £ £
INCOME FROM:
Donations 2 12,490 49,828 62,318 87,203
Charitable activities 4 939,630 88,385 1,028,015 949,957
Investments 3 4,251 - 4,251 6,153
TOTAL INCOME 956,371 138,213 1,094,584 1,043,313
EXPENDITURE ON:
Charitable activities 980,628 133,269 1,113,897 994,792
TOTAL EXPENDITURE 5 980,628 133,269 1,113,897 994,792
NET INCOME/(EXPENDITURE) (24,257) 4,944 (19,313) 48,521
TOTAL FUNDS AT 1 APRIL 2024 63,711 27,697 91,408 42,887
TOTALFUNDSAT31MARCH2025 £ 39,454 £ 32,641 £ 72,095 £ 91,408

13

CAMDEN CARERS

BALANCE SHEET

As at 31 March 2025

Notes 2025 2024
£ £ £ £
FIXED ASSETS
Tangible assets 11 427 852
CURRENT ASSETS
Debtors 12 14,760 24,645
Cash at bank and in hand 135,612 141,412
150,372 166,057
CREDITORS: amounts falling due
within one year 13 (78,704) (75,501)
71,668 90,556
TOTAL NET ASSETS £ 72,095 £ 91,408
FUNDS
Restricted funds 14 32,641 27,697
Unrestricted funds:
General fund 14 39,454 63,711
39,454 63,711
£ 72,095 £ 91,408

The financial statements have been prepared in accordance with the Financial Reporting Standard 102.

The financial statements were approved and authorised for issue by the Management Committee on 21 October 2025 and signed on their behalf by:-

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14

CAMDEN CARERS

STATEMENT OF CASH FLOWS For the year ended 31 March 2025

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|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Notes|2025|2024| |£|£| |Net|cash|inflow|from|operating|activities|17|(10,051)|55,397| |Cash|flows|from|investing|activities| |Interest|received|4,251|6,153| |Increase|(decrease)|in|cash|and|cash|equivalents|in|the|year|(5,800)|61,550| |Cash|and|cash|equivalents|at the|beginning|of the|year|141,412|79,862| |Total|cash|and|cash|equivalents|at the|end|of the|year|£|135,612|£|141,412|

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15

CAMDEN CARERS

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

  1. ACCOUNTING POLICIES

Basis of preparation of financial statements

The financial statements have been prepared in accordance with 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) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The effects of events relating to the year ended 31 March 2025 which occurred before the date of approval of the financial statements by the Management Committee has been included in the financial statements to the extent required to showa true and fair view of the state of affairs at 31 March 2025 and the results for the year ended on that date.

The financial statements have been prepared in sterling and rounded to the nearest £1. Camden Carers Centre is a Public Benefit Entity. It is a charitable incorporated organisation, CIO registered with the Charity Commission for England and Wales.

The Charity's operating address is stated on page 1.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objects of the Charity and which have not been designated for other purposes. Statutory grants which are given as contributions towards the Charity's core services are treated as unrestricted.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Income

Income is included in the Statement of Financial Activities when the Charity has entitlement to the funds, receipt is probable and the amount can be measured with sufficient reliability. Income is deferred when received in advance of the period that the funder has specified the funding is for.

Donations are included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is dependent on the delivery of a specific performance target by the Charity, are recognised when the Charity becomes unconditionally entitled to the grant, when the grant can be measured reliably and when it is probable that it is receivable.

The contract from London Borough of Camden is for seven years with a four year break clause if CC fails to provide the service required. The funding is dependent on the delivery of the specific targets by the Charity and its consortium partner. Camden Carers is the lead partner and undertakes the majority of the contracted work. If CC fails to provide the service required, LB Camden has the right to issue a default notice or to deduct the amount payable to CC and its consortium partner. The funding from LB Camden is therefore only recognised when it is clear that the specified targets have been achieved.

16

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

CAMDEN CARERS

Bank interest is included when received.

Resources Expended

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Support costs are those costs incurred in support of expenditure on the objects of the Charity. They are apportioned based on the proportion of the management fees of each activity. Governance costs are included in support costs and are those incurred in connection with compliance with constitutional and statutory requirements.

Investments

Investments are stated at market value at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year.

Tangible fixed assets and depreciation

All assets costing more than £1,000 are capitalised.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment Website development

Operating leases

Rentals under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.

Debtors

Debtors are recognised when the Charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid deposits with a maturity of three months or less from the date of deposit.

Creditors

Creditors are recognised when the Charity has a present legal or constructive obligation resulting from a past event to make payment to a third party, it is probable that settlement will be required and the amount due to settle the obligation can be measured or estimated reliably.

Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

17

CAMDEN CARERS

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

Judgments and key sources of estimation uncertainty

No judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have a significant effect on amounts recognised in the financial statements.

  1. DONATIONS

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|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |Funds|Funds|Funds|Funds| |2025|2025|2025|2024| |£|£|£|£| |Charitable|donations|for|carers|1,025|49,828|50,853|70,307| |Gift|Aid|and|other|income|9,370|-|9,370|15,934| |Sundry|donations|2,095|-|2,095|962| |£|12,490|£|49,828|£|62,318|£|87,203|

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Restricted income from donations totalled £68,457 in 2024.

3. INVESTMENT INCOME

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||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |Funds|Funds|Funds|Funds| |2025|2025|2025|2024| |£|£|£|£| |Bank|Interest|received|4,251|-|4,251|6,153| |£|4,251|£|Nil|£|4,251|£|6,153|

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All investment income was unrestricted in 2024.

  1. INCOME FROM CHARITABLE ACTIVITIES

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |Funds|Funds|Funds|Funds| |2025|2025|2025|2024| |£|£|£|£| |LB|Camden|908,154|-|908,154|794,320| |Other|small|grants|3,880|-|3,880|3,090| |The|Rank|Foundation|-|30,385|30,385|17,458| |Carers|Trust|1,000|8,000|9,000|115,089| |Glasspool|2,500|50,000|52,500|-| |The|Vandervell|Foundation|-|-|-|4,000| |Good|Things|Foundation|-|-|-|4,000| |The|Hampstead|Wells And|Campden|Trust|-|-|-|12,000| |Barnet,|Enfield|and|Haringey|NHS|Trust|24,096|-|24,096|-| |£|939,630|£|88,385|£|1,028,015|£|949,957|

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18

CAMDEN CARERS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

COMPARATIVE INCOME FROM CHARITABLE ACTIVITIES

Unrestricted Unrestricted Restricted Total
Funds Funds Funds
2024 2024 2024
£ £ £
LB Camden 734,320 60,000 794,320
Othersmall grants 3,090 = 3,090
The Rank Foundation - 17,458 17,458
Carers Trust 2,549 112,540 115,089
The Vandervell Foundation 4,000 - 4,000
Good Things Foundation 4,000 - 4,000
The Hampstead WellsAnd Campden Trust 9,000 3,000 12,000
£ 756,959 £ 192998 £ 949.957
5. TOTAL EXPENDITURE
Activities
undertaken Support Total Total
Staff costs directly costs 2025 2024
£ £ £ £ £
CC Contract 781,452 7,366 188,502 977,320 709,837
Respite Develepoment & Sur - - - - 2,889
YAC - 3,698 - 3,698 6,399
Glasspool - 45,694 - 45,694 -
The Rank Foundation 28,637 854 4,852 34,343 8,530
Cost of Living project - 1,535 - 1,535 1,520
Making Carers Count - - - - 89,492
Time for Me - 2,600 1,930 4,530 -
Hospital Discharge Fund - - - - 60,320
Working for carers project - 46,417 - 46,417 79,385
Resilience Fund - - - - 34,640
Offline Inclusion - - 360 360 1,780
Total project expenditure 810,089 108,164 195,644 1,113,897 994,792
Support costs
Totalexpenditure		 oa
63,970-
£
873,459		 —192,274
£
240,438		 ___(195,644)
£
Nil		 £ 1,113,897 £ 994,792

CC Contract is funding from LB Camden so we can offer a variety of services to carers in Camden, such

(i) information, advice and advocacy

(ii) emotional support, including counselling

(iit) regular breaks and urgent respite

(iv) training and development activities

(v) specialist training and support for carers (i.e. training for carers who look after the cared for with mental health, learning disabilities, stroke, or dementia)

vi) activities for dementia

vii) health checks, workshops, nutrition project and different health activities

viii) leisure activities and support groups

ix) hospital discharge services

x) carer engagement

xi) assist other partnership organisations to help them to identify new carers xii) volunteers work

19

CAMDEN CARERS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

COMPARATIVE EXPENDITURE Activities
undertaken Support Total
Staffcosts directly costs 2024
£ £ £ £
CC Contracts 526,027 7,605 176,205 709,837
Respite Develepoment & Support - 2,760 129 2,889
YAC - 3,861 2,538 6,399
The Rank Foundation 8,530 - - 8,530
Cost ofLivingproject - 1,267 253 1,520
Making Carers Count 64,621 22,020 2,851 89,492
Hospital Discharge Fund 57,033 3,287 = 60,320
Working for carers project 16,994 62,391 - 79,385
Resilience Fund 31,356 3,284 - 34,640
Offline Inclusion - = 1,780 1,780
Total project expenditure 704,561 106,475 183,756 994,792
Support costs 54,925 128,831 (183,756) -
Total expenditure £ 759486 £ 235306 £ Nil £ 994,792
6. GRANT MAKING ACTIVITY 2025 2024
£ £
Small grants paid to indivduals £ 47,167 £ 63,776
Number of small grants during the year 163 260
Furtherdetailsareprovidedinnote2and note 15.

20

CAMDEN CARERS

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

  1. SUPPORT COSTS
Total Total
2025 2024
£ £
Rent and Service Charges 39,577 34,812
Room hire 5,967 7,121
Repairs and maintenance 4,316 1,629
Telephone 5,735 10,897
Subscriptions 3,455 3,075
Staff training, recruitment, etc 2,852 6,456
Postage, printing and stationery 1,551 2,066
Travel and subsistence 5,629 5,993
Insurance 2,093 2,536
IT costs 24,170 15,377
Bank charges and finance costs 386 391
Payroll fees 2,407 2,503
Professional fees 20,191 22,493
Audit fees payable to auditors 6,640 7,040
Trustees’ training costs 220 80
Promotions 1,538 1,646
Sundry expenses (4) 25
Benefits in kind 5,125 4,265
Depreciation 426 426
Cost of support activities 132,274 128,831
Wages and salaries 63,370 54,925
£ 195644 £ 183,756

7. SUPPORT COSTS (continued)

The above support costs have been allocated between various carers project via the agreed management fees of each project. The residual amount of the support cost has then been allocated to the CC contracts. The reasoning behind using the management fees as a basis for the support cost allocation is because we believe this method is a better way of utilising our management fees, as the purpose of management fees is to fund the support cost.

  1. Net Income/Expenditure on:
This is stated after charging: 2025 2024
£ £
Auditors’ remuneration:
Audit fee 6,640 7,040
Operating lease rentals - land and buildings 39,577 34,812
Depreciation -onownedassets 426 426

21

CAMDEN CARERS

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

9. STAFF COSTS
2025 2024
£ £
Wages and salaries 789,606 681,188
Social security costs 67,362 58,305
Pension costs 16,221 14,191
Redudancy payment - 5,802
£ 873,459 £ 759,486

The average monthly head count was 33 staff (2024 - 33 staff).

No employee received remuneration of more than £60,000 in the year.

10. MANAGEMENT COMMITTEE AND RELATED PARTIES

During the year, no Management Committee member received any remuneration (2024 - £NIL). 1 member of the Management Committee received reimbursement of £80 expenses during the year (2024 - £175). There were no other related party transaction in either year.

During the year, Key Management Personnel received remuneration of £64,933 (2024 - £62,438).

11. TANGIBLE FIXED ASSETS

Fixture and
fittings
£
Cost
At 1 April 2024 and 31 March 2025 43,796
Depreciation
At1 April 2024 42,943
Charge for the year 426
At 31 March 2025 43,369
Net book value
At 31 March 2024 £ 853
At 31 March 2025 £ 427
DEBTORS
2025 2024
Due within one year £ £
Trade debtors 99 174
Grant receivable 5,938 17,434
Prepayments 8,723 7,037
£ 14,760 £ 24,645

12. DEBTORS

22

CAMDEN CARERS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 2024
£ £
Trade creditors 6,190 5,511
Deferred grant income 21,875 24,096
Social security and other taxes 17,890 15,532
Other creditors 5,072 4,260
Pension liabilities 3,423 3,057
Accruals 24,254 23,045
£ 78,704 £ 75,501
Deferred income
Balance at 1 April 2024 24,096 (25,997)
Amount released to incoming resources (24,096) 25,997
Amount deferred in the year 21,875 24,096
Balance at 31 March 2025 £ 21,875 <£ 24,096
Income received is deferred if there is in place a contract or agreement with the funder which specifies the
time period over which the expenditure of resources on a service can take place.
STATEMENT OF FUNDS
Brought Income Expenditure Transfers Carried
Forward Forward
£ £ £ £ £
UNRESTRICTED FUNDS
General fund 63,711 956,371 (980,628) ~ 39,454
£ 63,711 £ 956,371 £ (980,628) £ Nil £ 39,454
RESTRICTED FUNDS
Charitable donations 17,289 49,828 (47,167) - 19,950
Carers Trust - 8,000 (4,530) 3,470
Glasspool - 50,000 (45,694) 4,306
The Hampstead Wells And
Campden Trust 1,480 - (1,535) (55)
The Rank Foundation 8,928 30,385 (34,343) 4,970
£ 27,697 £ 138,213 £ (133,269) £ Nil £ 32,641
SUMMARY OF FUNDS
General Funds 63,711 956,371 (980,628) - 39,454
Restricted Funds 27,697 138,213 (133,269) - 32,641
TOTALFUNDS £ 91,408 £ 1,094,584 £ (1,113,897) £ Nil £ 72,095

14. STATEMENT OF FUNDS

General fund: These funds cover the unforeseen losses in business and are set aside in case of reduction to future funding. Our aim is to build a general reserve to cover the statutory redundancy cost, 2 months essential operation costs and other closure costs.

23

CAMDEN CARERS

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

Fixed assets fund: In accordance with good practice outlined in the Charity SORP, fixed assets that are not considered to be easily realisable should be matched by a designated reserve rather than general reserves. The balance carried forward is equal to the net book value of the fixed assets.

Funds transfers : £1 was transferred from fixed asset fund to general funds.This was partly offset by the movement on the fixed assets fund.

Restricted funds are listed above and have been used for the purpose described in note 4.

15. COMPARATIVE STATEMENT OF FUNDS

Brought Income Income Expenditure Expenditure Transfers Carried
Forward Forward
£ £ £ £ £
UNRESTRICTED FUNDS
General fund 33,578 781,858 (746,187) (5,538) 63,711
£ 33,578 £ 781,858 £ (746,187) £ (5,538) £ 63,711
RESTRICTED FUNDS
Charitable donations 12,608 68,457 (63,776) - 17,289
Other small grants 633 - (1,780) 1,147 -
Working for Carers (1,029) 20,835 (20,298) 492 -
Hospital Discharge Fund - 60,000 (60,320) 320 -
Respite, Development &
Support
Making Carers Count		 1,150
(4,053)		 91,705 . (2,889)
(89,492)		 1,739
1,840		 -
-
The Hampstead WellsAnd
Camden Trust		 z 3,000 (1,520) 2 1,480
The Rank Foundation - 17,458 (8,530) - 8,928
£ 9,309 £ 261,455 £ (248,605) £ §,538 £ 27,697

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Funds
Designated General Restricted Total
Funds Funds Funds Funds
2025 2025 2025 2025
£ £ £ £
Tangible fixed assets - 427 - 427
Net current assets - 39,027 32,641 71,668
- 39,454 32,641 72,095

24

CAMDEN CARERS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

COMPARATIVE ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Funds Unrestricted Funds Unrestricted Funds
Designated General Restricted Total
Funds Funds Funds Funds
2024 2024 2024 2024
£ £ £ £
Tangible fixed assets - 852 - 852
Net current assets - 62,859 27,697 90,556
- 63,711 27,697 91,408
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH
FLOW FROM OPERATING ACTIVITIES
2025 2024
Cash generated from operations £ £
Net movement in funds (19,313) 48,521
Depreciation 426 426
Increase in debtors 9,885 (5,762)
Decrease in creditors 3,202 18,365
Investment income (4,251) (6,153)
£ (10,051) £ 55,397
FINANCIAL INSTURMENTS
At the balance sheet date the Charity held the following;
Financial assets 2025 2024
Debt instruments measured at amortised cost: £ £
Trade debtors 99 174
Total £ 99 £ 174
Cash at bank and in hand of£135,612 (2024: £141,412) is held at face value.
Financial liabilities 2025 2024
£ £
Trade creditors 6,190 5,511
Social security and othertaxes 17,890 15,532
Other creditors 5,072 4,260
Pension liabilities 3,423 3,057
Accruals 24,254 23,045
Total £ 56,829 £ 51,405

17. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

19. FINANCIAL INSTURMENTS

25

CAMDEN CARERS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

20 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted Total
Funds Funds Funds
2024 2024 2024
INCOME FROM: £ £ £
Donations 18,746 68,457 87,203
Charitable activities 756,959 192,998 949,957
Investments 6,153 - 6,153
TOTAL INCOME 781,858 261,455 1,043,313
EXPENDITURE ON:
Charitable activities 746,187 248,605 994,792
TOTAL EXPENDITURE 746,187 248,605 994,792
NET INCOME/(EXPENDITURE) 35,671 12,850 48,521
Transfer between funds (5,538) 5,538 -
NET MOVEMENT IN FUNDS 30,133 18,388 48,521
TOTAL FUNDSAT 1 APRIL 2023 33,578 9,309 42,887
TOTALFUNDSAT31MARCH2024 63,711 27,697 91,408

21. RELATED PARTIES

There were no related party transactions, other than those disclosed in note 10.

26