REGISTERED COMPANY NUMBER: 02982937 (England and Wales) REGISTERED CHARITY NUMBER: 1045025 REPORT OF THE TRUSTEES AND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR FAMILY CARE TRUST J W Hlnks LLP Chartered Accountants and Statutory Audltors 19 Highfield Road Edgbaston Birmingham B15 3BH
FAMILY CARE TRUST CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Report of the Independent Audltors Statement of Flnancl•l Actlvltles io Balanee Sheet 11 to 12 Cash Flow Statement 13 Notes to the Cash Flow Statement 14 Notes to the Flnanclal Statements 15 to 31
FAMILY CARE TRUST (REGISTERED NUMBER: 02982937) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companie5 Act 2006. present thelr report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJEcfivES AND AcfiviTIES Objertfves and artivitles The Mission Statement of the charity is.. 'FCT will provide quality, flexible Services that respond to individual needs. We promote independence, dignity and choices in order to maintain or improve the qualty of life of adults in need and their carers. The charity has operated for more than 25 years durin8 which time it h35 built up an enviable reputation. This has enabled it to deliver a broad range of services to people within Solihull who require support. During the year the charity operated a day centre for those with memory problems such as dementia, parkinson's and 31zheimer's, a community support team of workers that provlde specialised domlciliary care, services that promote independent 1Svlng for disabled people In their own homes, and a communlty farm and 8ardenlng service that provldes work and skSlls tralning for adults wlth learning disabllitles. The trust is also a leading provider of the Ollver McGowan tralnlng rollout in the Sollhull area. At March 2024 care wa5 carried out to 204 service users of the charlty, up from 189 in the previous year. The directors are satisfied that they have met the requirements to report on how the charity delivers publlc benefit. In 2023/24 the Family Care Trust's main operational objective5 and targets were.. Fcr to have a minimum CQC rating of 'Good' wlth a drive to become an 'Out5tanding' rated overall company by 2024. The charity malntained a rating of 'Good' during the financial year and asplres to become 'Outst?nding'. Ensure all staff and volunteers are well trained and competent, includlng prartical, hands on, and e-learnlng training. The trust has met this target, and all staff are adequately trained. Raise the profile of the trust in the local community through a targeted marketing strategy. Progress has been made in this area, but more work is being carried out to strengthen Corporate Social Responsibility related partnerships. Seasonal event5 are being held at Newlands Bishop Farm to increase the profile of the trust in the local community. Build a new canteen building. Building works started in October 2022 and by March 2024 most of the building had been completed. The formal opening date is currently scheduled for 27th September 2024. Ongoing fundraising to contribute to the cost of the new canteen building. Regular donations are received, and significant funds were received during the 2023124 financial year and the one prior to that. Achlevements and performance The charity has successfully developed a second supported living scheme in the local area. Further schemes are likely over the next few year5. The Oliver McGowan training roll out has been a success, and the trust is a delivery partner of the NH5 from Ortober 2023 though to at least March 2025. The new canteen building is nearing completion. and the charity has successfully managed cashflow effectively, avoiding the need for external financing. Newlands Bishop Farm has widened the Scope of the Work Scheme, securing paid employment ft)r Project Workers during the weddin85 season, at weekends in the café, and as advocate5 in the delivery of the Oliver McGowan training. Page I
FAMILY CARE TRUST (REGISTERED NUMBER: 02982937) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OWECTIVES AND ACTIVITIES Public benefrt The trustee directors consider that the objettives of the charty meet the tests for public benefit when exercising their powers and duties. The trustee direttor5 have complied with their duty to have due regard to the relevant guidance published by the Charities Commi55ion. STRATEGIC REPORT Flnanclal review Extensive annual plan5 are prepared to set operational objectives for key staff and departments, as well as financial budgets with targets. Performance against budget 15 analysed monthly, and material variances are acted upon. Cashflow is monitored daily, ensuring resources are available to cover liabilities as they fall due. Budgets are updated regularly to reflect changes In risk and likely outcome5. In 2023/24 income increased by 7.5% compared to 2022123 due to an increase in community and day care income and gains on the disposal of tangible fixed assets. The charity increased expendlture by 27.6% in the same period which reflected 8rowth in its operations for supported livin8 and the Oliver McGowan training roll out. Cash increased by £155k. Thls reflects the operatin8 cash surplus and grant funds received in year more than offsettln8 the capital costs for the new canteen buildin8 at Newlands Blshop Farm. The net surplus of £542k is a decrease of £442k in 2023124 compared to a net surplus of £984k in 2022123. Thi5 was due to the charity receiving £993k of donation5 and 8rants in the 2022123 financial year compared to only £282k in the 2023124 financial year. Donations and grants of £282k were received. This is E711k less than the previous financial year, and the trust thank5 everyone who has made a donation. It makes a material Impact on the ability of the charity to serve the local community. Investment pollcy and objertives Under the Memorandum and Articles of A550clatlon, the charity has the power to invest In any way the trustee directors wish. The trustee dlrertors, havlng regard to the liquidlty requlrements of operating the trust, have a pollcy of keeping available funds in a dep051t account that attracts an interest rate hi8her than that for the current account. Reserves pollcy The trustee direttors have considered the trust's requirements ft)r resetves in light of the main risks facing the organisation and followin8 the Charities Commission good prartice guidelines. The trustee directors recognise the importance of e5tablishln8 the long term flnancial 5UStainability of the trust. The trustee directors are required to ensure that monies are available for each year to meet any reasonable unforeseeable contingency. They believe that an amount of at least 6 weeks operating costs which equate to £365,835 based on operating costs for the year 2023124 will be adequate. The trust holds total reserves of £3.204,690 12023: £2,662,748) at 31 March 2024. Page 2
FAMILY CARE TRU5f (REGISTERED NUMBER: 02982937) REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 MARCH 2024 STRATEGIC REPORT Future plans Following another successful year for the Trust, the Board is delighted to present a strong Set of results and commend our Senior Management Team and colleagues fortheir hard work and commitment. The Trust has continued to invest in the organisation and its people. Our servlce user numbers have grown which has meant an increase in stafflng levels to ensure we can maintain and improve our services. A major development for the Trust was the building of a new canteen and kitchen for our Service users at Newlands Bishop Farm. In addition this has given more purpose built space for the training and education of our service users. The new canteen building is due to be completed durin8 the 2024125 financial year, with the grand opening scheduled for Friday 27th September 2024. We are very grateful to all those who have contributed financially to this project. It has been an outstanding Success. The Trustees and the Senior Management Team will continue to identify projerts to provide services to our ommunity, This will include additional Supported Livlng schemes in the Solihull area which are a 8ood strategic fit for the charlty. STRucfuRE. GOVERNANCE AND MANAGEMENT Governlng document The charity Is controlled by it5 governing document, a deed of trust, and constltutes a limited company, limited by 8uarantee, as defined by the Companies Act 2006. Recrultment and appolntment of new trustees Board vacancles are publlshed to ensure sufficiently wide enough exposure to recrult director trustees who have the relevant Skills, knowledge and experience for operating a charity. The Board seeks to have a balanced input into all it5 decision-making processes. The Board sets strategy and monitor5 the performance of the charity. Ofganlsatlonal structure Ordlnarily, the Board or sub-commlttees are scheduled to meet every calendar month. The Senior Management Team attend all meetings but have no voting rights. An Audit Committee made up of 5ervin8 dlrectors 15 scheduled to meet at least twite a year to scrutinise financlal performance, including draft annual accounts, and revlew compliance with regulations, and identify and mitigate strategic risks. A Remuneration Committee reviews the reward and recognltion strategy of the organisation, resource management and HR Strategy. A scheme of delegation 15 in place and the day-to-day responsibility for the prov15ion of the Services and operational management, including health and safety, rests with the Senlor Management Team. They ensure that individual supervSsion of the staff is properly carried out to develop their skills and working methods in line with good practice. Indurtlon and tralnlng of new dirertor tru5tee5 New director trustees gain information about the charity from the regularly updated Family Care Trust website. They are also taken on visits to operational units to meet staff, volunteers and service users, introducing them to the work that Family Care Trust undertakes. New director trustees are supplied with back copies of mlnute5 of meetings, reports, management accounts and appropriate information which impacts on the decision-making process. Induction includes access to information reEarding the main elements of charity law and other regulatory requirements. New and existing director trustees are able to attend external training on governance topics as required. Page 3
FAMILY CARE TRUST IREGISTERED NUMBER: 02981937) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRucfuRE. GOVERNANCE AND MANAGEMENT Related partie5 The charity has effective working relationships With the current purchasers of its services. These include Solihull MBC which currently purchases significant services from the organisation. Additionally, serNlces are provided to the NHS, Birmingham City Council. Warwickshire County Council, People Plus and many individual customers. Staff members attend a variety of meetings and have developed good neorkIng links with other charitable bodies within Solihull. This has proved invaluable to Family Care Trust in establishing improved links within the community and identifying relevant policy developments and prospective fundin8. Rlsk management The director trustees have a risk management strategy that comprlses: an annual review of the operational and strategic risks the charity may face. consideration of the major risks by the Senior Management Team on a quarterly basi5. the implementation of procedures designed to minimise any potential impact on the charlty should those risks materialise. internal audlts which are undertaken throughout the or8ani5ation to verlfy quality and procedural adherence. The outcome of each review is incorporated Into the operational plans of the charity. It has been acknowledged that the dlfficult financial climate and the increased potential of some risks being realised needed to be reflected in the focus of board meetings. Policies and procedure5 are regularly reviewed to manage fisks. Accident and incident reporting and analysis procedures are in place. and internal audit visits are made to operational centres during the year. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 02982937 IEn8land and Wales) Re8lstered Charlty number 1045025 Re8lstered offlce Newlands Bishop Farm Berry Hill Lane Catherine De Bames B912RY Trustees L D Edwards C M Llewellyn D A Gamble l D Morgan R J Purser RJ Look AS Lucas J A Davenport lappointed 4.7.231 E A Hughes (appointed 5.3.241 R P Hughes (resigned 8.8.231 Company Secretsry L D Edwards Page 4
FAMILY CARE TRUST (REGISTERED NUMBER: 02982937) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Auditor5 JW Hinks LLP Chartered Accountants and Statutory Auditors 19 Highfield Road Edgbaston Birmingham B15 38H Bankers Lloyds Bank PIC Solihull Business Centre PO Box 9363 Birmingham B3 3ST The General Manager throughout the year was Mr Danlel Adams and the Flnance & Corporate SeNlces Manager was Mr Gary Neumann. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees Iwho are also the directors of Family Care Trust for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements In accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company law requires the trustee5 to prepare financial ststements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incomlng resources and application of resource5, including the Income and expenditure, of the charitsble company for that period. In preparin8 those flnancial statements, the trustees are required to select sultable accountlng pollcle5 and then apply them conslstently,. observe the methods and prlnciples in the Charity SORP; make judgements and e5tirnates that are reasonable and prudent; prepare the financial statements on the going concern basls unless It Is Inapproprlate to presume that the charitable company will continue in business. The trustee5 are responsible for keeping proper accounting records which disclose with reasonable accurary at any tlme the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detettion of fraud and other irregularities. In 50 far as the trustees are aware: there is no relevant audit information of which the charitsble company's auditors are unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. AUDITORS The auditors, J W Hinks LLP, will be proposed for re-appointment at the forthcoming Annual General Meetlng. Page 5
FAMILY CARE TRUST (REGisfERED NUMBER: 02982937) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Report of the trustees, incorporatlng a strategic report, approved by order of the board of trustees, as the company dlrectors, on 30 September 2024 and signed on the board's behalf by: D A Gamble-Twstee &)leJlzt Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE TRusfEES OF FAMILYCARE TRUST Opinlon We have audited the financial statements of Family Care Trust Ithe 'charitable company'l for the year ended 31 March 2024 which comprise the Statement of Financial Activlties, the Balance sheet, the Cash Flow Statement 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 (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements-. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended. have been properly.prepared in accordance with United Kingdom Generally Accepted Accounting Prartice- and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with International Standards on Audlting IUKI IISA5 IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 responsibllities in accordance wlth these requirements. We believe that the audit evSdence we have obtained is sufficient and appropriate to provide a basis for our oplnion. Con¢luslons relatlng to iolns concern In auditin8 the financial statements, we have concluded that the trustees, use of the going concern basls 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 charitable company'5 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 sectlons of this report. Other Informatlo The trustees are responsible for the other informatlon. The other Information comprises the information Included in the Annual Report, other than the flnancial statements and our Report of the Independent Audltors thereon. 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 expre55 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 incon515tent with the financial statement5 or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencie5 or apparent material misstatements, we are required to determine whether this gives rise to material misstatement in the financial statements themselves. 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. Matters on which we are requlred to report by exception We have nothing to report in respect of the following matters where the Charities IAccoLJnts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the information given in the Report of the Trustees is inconsistent in any materlal respect with the financial statements- or the charitable company ha5 not kept adequate accounting records; or the financial statements are not in a8reement with the accounting records and return5', or we have not received all the information and explanations we require for our audit. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF FAMILY CARE TRUST Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees Iwho are also the directors of the charitable company for the purposes of company lawl 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 enabSe 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 charitable company'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 charitable company or to cease operations, or have no realistic alternative but to do so. Our responslbllltles for the audlt of the flnanclal ststements We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance wlth the Act and relevant regulations made or having effert thereunder. Our objectlves are to obtaln reasonable assurance about whether the financial statements as a whole are free from materlal mls5tatement, whether due to fraud or error. and to issue a Report of the Independent Auditors that Includes our opinion. Reasonable assurance is a high level of a55urance, but is not a guarantee that an audit conducted in accordance with ISA5 IUKI will always detect a material misstatement when it exist5. M155tatements can arise from fraud or error and are consldered material Sf, individually or in the aggregate, they could reasonably be expected to influence the economic declslons of users taken on the basis of these financial statements. The extent to whlch our procedures are capable of detecting irregularitie5, includlng fraud15 detaiSed below: Identlfylng and testing journal entries and the overall accounting records, In particular those that were significant and unusual. Reviewing the financial statement disclosures and determining whether accounting policies have been appropriately applied. Reviewing and challenging the assumptions and judgements used by management in their significant accounting estimates. Assessing the extent of compliance, or lack of. with the relevant laws and regulations. Testing key revenue lines, In particular cut-off, for evidence of management bias. Obtaining third-party conflrmation of material bank balances. Documenting and verifyin8 all significant related party balances and transactions. Reviewing documentatlon such as board minute5 for dlscussions of irre8ularities including fraud. A further description of our responsibilltie5 for the audit of the flnancial 5tatementS Is located on the Financial Reporting Council's website at www.frc.or8.uk/auditorsresponsibllities. This description forms part of our Report of the Independent Auditors. Page 8
REPORTOFTHE INDEPENDENT AUDITORSTOTHETRUSTEES OF FAMILY CARE TRUST Use of our report This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities IAccounts and Reportsl Regulations 2008. Our audit work has been undertaken 50 that we might state to the charitable company's trustees those matters we are requlred to state to them in an auditor5, 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 charitable company and the charltable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed. JU L J W Hinks LLP Chartered Accountants and Ststutory Audltors Eli8lble to act as an audltor In terms of Sertlon 1212 of the Companles Art 2006 19 Highfield Road Edgbaston Birmingham B15 38H 30 September 2024 Page 9
FAMILY CARE TRUST STATEMENT OF FINANaAL AcrivmES FOR THE YEAR ENDED 31 MARCH 2024 2024 Totsl funds 2023 Total funds Unrestricted fund Restrirted funds Notes INCOME AND ENDOWMENTS FROM Donatlons and legacies 282.021 282.022 993,489 Charitable activltles Charitable attivities 2,964281 2.964,281 2,113,655 Other trading activitles Investment income Other income 443M72 5,210 113,749 443N72 5.210 113,749 434,017 950 417 Total 3.516,713 Z82,OZI 3W8.734 3,542,528 EXPENDITURE ON Raising funds 4.708 57A19 62.127 40,580 Charltable activities Charitable activlties Support costs Governance costs 3.019,233 99,764 46,868 38WO 3.058,033 99,764 4668 2,370,369 92,087 55,636 Total 3.170,573 96219 3,266.792 2,558,672 NEF INCOME 356,140 185W2 541,942 983,856 RECONCILIATION OF FUNDS Totsl funds brought forward 1.187.011 IA75,737 2,662.748 1,678,892 TOTAL FUNDS CARRIED FORWARD ¥543.151 1.661.539 3.204.690 2,662,748 The notes fomi part of these financial statements Page 10
FAMILY CARE TRUST (REGISTERED NUMBER: 02982937) BALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Total fund5 Unrestrirted fund Restricted fund5 Notes FIXED ASSErs Tangible assets Investments 13 14 769,806 1.617,970 2,387,776 loo 1,479,232 loo 769,906 L617,970 2,387,876 1,479,332 CURRENT ASSETS Debtors Cash at bank and in hand 633889 606,087 633,489 649,656 895,733 494,709 43,569 1.239.576 43.569 1,283,145 1.390,442 CREDITORS Amounts falling due within one year 16 1466,331) 1466.331) 1207,0261 NET CURRENT ASSErs 773245 43.569 816,814 1,183,416 TOTAL ASSEfs LESS CURRENT LIABILITIE5 1.543,151 1.661.539 3,204.690 2.662.748 NET ASSETS 1,543.151 1,661,539 3.204,690 2,662,748 FUNDS Unrestricted funds Restritted funds 18 1,543,151 1,661,539 1.187,011 1,475,737 TOTAL FUNDS 3,204,690 2,662,748 The charitable company is entitled to exemptlon from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not deposited notice, pursuant to Section 476 of the Companie5 Act 2006 requiring an audit of these financial statements. The trustees acknowledge their responsibilities for lal ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable companv as at 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 comply with the requirements of the Companies Att 2006 relating to financial statements, so far a5 applicable to the charitable company. Ibl These financial statements have been audited under the requlrements of Section 145 of the Charlties Act 2011. The notes form part of these financial statements Page 11 continued...
FAMILY CARE TRusf (REGisfERED NUMBER: 02982937) BALANCE SHEET- continued 31 MARCH 2024 The financial statements were approved by the Board of Trustees and authorised for issue on 30 September 2024 and were signed on its behalf by.. D A Gamble- Trustee 15)1* The notes form part of these financial statements Page 12
FAMILY CARE TRUST CASH FLOW STATEMENT FOR THEYEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operatln8 artlvities Cash generated from operations 1,063,476 526,229 Net cash provided by operating activities 1,063,476 526,229 Cash flovts from inve5tlng artlvltles Purchase of tangible flxed assets Purchase of fixed asset investments Sale of tangible fixed assets Interest received (1.137,447) 1735,279) IICN)) 417 950 223,708 5,210 Net cash used in investing actlvities 1908,5291 1734,0121 Chan8e In cash and cash equlvalents In the reportlng perlod Cash and cash equlvalent5 at the bellnnlng of the reportlng perlod 154.947 1207.7831 494.709 702,492 Cash and cash equlvalents atthe end of the reportln8 perlod 649,656 494,709 The notes form part of these financial statements Page 13
FAMILY CARE TRUST NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOME TO NEf CASH FLOW FROM OPERAnNG ACTIVITIES 2024 2023 Net income ft>r the reportlnB Per1( las per the Ststement of Flnan¢lal Activities) Adjustments for". Depreciation charges Profit on disposal of fixed assets Interest received Decre35e/lincreasel in debtors Increase in creditors 541,942 983,856 118,944 1113,749) {5,210) 262,244 259,305 116.919 14171 19501 1621.9041 48,725 Net cash provlded by operatlons 1,063,476 526,229 ANALYSIS OF CHANGES IN NEf FUNDS At 1,4,23 Cash flow At 31.3.24 Net cash Cash at bank and in hand 494,709 154,947 649.656 494,709 154,947 649.656 Total 494,709 154.947 649,656 The notes form part of these financial ststements Page 14
FAMILY CARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared In accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice appllcable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Att 2006. The financial statements have been prepared under the historical cost convention, with the exception of investment5 which are included at market value. INCOME All income is recognlsed In the Statement of Flnancial Actlvltles once the charlty has entitlement to the funds, it is probable that the income will be received and the amount can be measured rellablv. EXPENOITURE Liabilities are recognised as expendlture as soon as there Is a legal or constructlve obligation commlttlng the charity to that expenditure, it is probable that a transfer of economic benefit5 will be required in Settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been cla55ified under heading5 that aggregate all c05t related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activlties on a basis consistent with the use of resource5. TANGIBLE FIXED ASSET5 Depreciation 15 provlded at the following annual rates in order to write off each asset over it5 estimated useful life. Freehold property Short leasehold Plant and machinery Fixtures and fittings Motor vehicles Computer equipment at varying rates on cost at varying rates on cost 20°A on cost 25% on cost IO% on cost 25% on cost TAXATION The charity is exempt from corporatlon tax on its charltable artivities. FUND ACCOUNTING Unrestricted funds can be used In accordance with the charltable objectives at the discretion of the trustees. Restricted funds can only be used for particular restrlcted purposes wlthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included Sn the notes to the financial statements. PENSION COSTS AND OTHER poSr-R1REmENT BENEFITS The charitable company operates a defined contribution pension scheme. Contribution5 payable to the charitable company's pension scheme are charged to the Ststement of Financial Activities in the period to which they relate. Page 15 continued...
FAMILY CARE TRUST NOTESTO THE FINANCIAL sfATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 DONATION5 AND LEGACIES Z024 2023 Donatlons Grants 127.007 155,015 47,731 945.758 282,022 993,489 Grants received, included in the above, are as follows: 2024 2023 TheAlbert Gubay Foundation The Bradbury Foundation The Clothworkers, Foundatlon The Wolfson Foundation The Eveson Trust Bernard Sunley Foundation Garfield Weston Foundation 29th May 1961 Charitable Trust GJW Turner Trust Lillie Cjohnson Trust Boshier Hinton Foundation Patricia Ann Buller Charitable Trust The Patrick Trust John Lewls Partnership Morrisons Foundation Landau Limited Bally Thoma5 Fund Awards For All Skipton Buildlng Soclety Michael Marsh Charitable Trust C8 & HH Taylor Highland Greyhound Lodge Edward & Dorothy Cadbury Trust The Edward Gostlin8 Foundation The Rowland5 Trust Inclusive Communities Fund 280,500 250,000 165,000 75,000 40.000 40,000 30,000 10,000 5,000 2,000 1,950 1,500 1,000 1,000 15,580 9,348 8,000 9,880 2,100 1,130 ,000 20,000 ,000 99,785 155.015 945,758 Page 16 continued...
FAMILY CARE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THEYEAR ENDED 31 MARCH 2024 OTHER TRADING AcfiviTIES 2024 2023 Farm and gardening income Miscellaneous income Student placement income Rental income 271,113 43.527 398.996 33.621 1.400 128,832 443N72 434,017 INVESTMENT INCOME 2024 2023 Deposit account Interest 5,210 950 INCOME FROM CHARITABLE AcfiviTIES 2024 2023 Actlvity Local authority funded community and day care Prlvately funded community and daycare Charitable activities 2.121,402 1,340,147 Charitable activities 842,879 773,508 2,964,281 2,113,655 RAISING FUNDS RAISING OONATIONS AND LEGACIES 2024 2023 Advertlslng Other fundraising costs 4,708 57,419 10,399 30,181 62.127 40,580 Page 17 continued...
FAMILY CARE TRUSr NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 CHARITABLE AcfiviTIES COSTS Support costs (see note 8) Direct Costs Totsls Charitable activities Support costs Governance costs 3.058,033 3.058,033 99.764 46 99,764 46,868 3.058,033 146,632 3,204,665 SUPPORT COSTS Governance costs Other Totals Support costs Governance costs 99,764 99,764 46.868 46,868 99.764 46,868 146,632 INCOMEI(EXPENDITURE} Net Incomellexpenditurel Is stated after charging/{credltlngl: 2024 2023 Auditors, remuneratlon Depreciation - owned assets Surplus on dlsposal of fixed assets 15,086 118,944 {113.749) 7,434 116.919 14171 io. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. TRUSTEES, EXPENSES Durlng the year ended 31 March 2024 an amount of £40212023., £nlll was reimbursed In respect of trustees expenses. Page 18 continued..
FAMILY CARE TRUST NOTESTO THE FINANCIAL STATEMENTS- contlnued FOR THEYEAR ENDED 31 MARCH 2024 ii. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 2,042,537 144.126 56.661 1,560,916 104,846 46.841 2,243,324 1,712,603 The average monthly number of employees durlng the year was as follows.. 2024 14 45 2023 15 47 Day centres Home 5UPPOrt Management and administratlon Farm 61 29 123 95 No employees received emoluments in excess of £60,orKi. 12. COMPARATIVE5 FOR THE STATEMENT OF FINANaAL AUIVITIES (31 MARCH 20231 Unrestricted fund Restricted funds Total fund5 INCOME AND ENDOWMENTS FROM Donations and legacles 993,489 993,489 Charltable artlvltles Charitable actlvltles 2,113,655 2,113,655 Other trading actlvltSes Investment income Other income 434,017 950 417 434,017 950 417 Total 2,549,039 993,489 3,542,528 EXPENDITURE ON Rai5in8 funds 10,398 30,182 40.580 Charltable artlvltles Charitable artivities Support costs Governance costs 2.344,130 92,087 55,636 26,239 2,370,369 92,087 55,636 Totsl 2,502,251 56,421 2,558,672 NET INCOME 46,788 937,068 983,856 Page 19 continued...
FAMILY CARE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 12. COMPARATIVES FOR THE sTATEMEr OF FINANCIAL AcfiviTIES (31 MARCH 2023)- continued Unrestricted Restricted fund funds Total funds RECONauATION OF FUNDS Total funds brought forward 1,140,223 538,669 1.678,892 TOTAL FUNDS CARRIED FORWARD 1.187,011 1,475,737 2,662,748 TANGIBLE FIXED Assrrs Freehold property Short leasehold Plant and machinery COST At l Aprll 2023 Additions Dlsposals 1,251.436 1,088,294 197.127 198,479 8,468 (197,127) At 31 March 2024 2,339,730 206,947 DEPRECIATION At l April 2023 Charge for year Eliminated on disposal 199A93 24.622 88.517 411 (88.928 92,510 33,981 At 31 March 2024 224,115 126A91 NET BOOK VALUE At 31 March 2024 2.115.615 80A56 At 31 March 2023 1,051,943 108,610 105,969 Page 20 continued...
FAMILY CARE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 13. TANGIBLE FIXED ASSETS- continued Fixture5 and fittings Motor vehicles Computer equipment Totals COST At l April 2023 Addition5 Disposals 254,419 s70 198,026 30,340 {2,0501 40,291 4,475 14.4641 2,139,rn 1,137,447 1203.641) At 31 March 2024 260.289 226.316 40.301 3.073.584 DEPRECIATION At l April 2023 Charge for year Ellminated on dlsposal 194A83 30,285 58.836 22,548 12901 26.707 7,097 14,464) 660.546 118.944 (93.682) At 31 March 2024 224,768 81A194 29,340 685.808 NET BOOK VALUE At 31 March 2024 35,521 145.222 10,962 2387.776 At 31 March 2023 59,936 139,190 13,584 1,479.232 FIXED ASSEf INVESTMENTS Shares in group undertakin85 MARKEf VALUE At l Aprll 2023 and 31 March 2024 100 NET BOOK VALUE At 31 March 2024 100 At 31 March 2023 loo There were no investment assets outside the UK. The company's Investments at the balance sheet date in the share capital of companles include the followin8: FCT Enterprlse Limited Registered office.. England Nature of busine55.' Dormant Class of share.. Ordinary holding 100 2024 2023 Aggre8ate capital and reserves 100 loo Page 21 continued..
FAMILY CARE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayment5 and accrued income 444.886 206,040 795 688,898 188,603 633,489 895.733 16. CREDITORS; AMOUNTS FALLING DUE WIThIN ONE YEAR 2024 2023 Trade credltors Social securlty and other taxes Other creditor5 Accrued expenses 222,618 51.169 15,866 176,678 50,019 2,083 7,042 147,882 466.331 207,026 17. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due a5 follows.. 2024 2023 Within one year Between one and five years In more than five year5 100.007 376,632 383,260 7,774 4,923 859,899 12,697 Page 22 continued...
FAMILY CARE TRusr NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestflcted funds General Fund 1,187,011 356,140 1.543.151 Restrlcted funds Farm Equipment Community Gardening Farm Buildlng Other Capital Fund5 Sports England Lambing Shed Canteen Bullding National Lottery Walled Garden National Lottery Community Fund Private Donation BailyThomas Fund Landau Limited Morri50ns Foundation Skipton Bullding Society Mlchael Marsh Charitable Trust CB & HH Taylor Heart of England Together in Solihuill - English Language Courses West Midlands Strategic Partnership- English Language Cour5e5 Groundwork- English Language Courses Prlvate Donation - Community Support Fund 44,822 89.875 232.521 31,544 (12,264) {4,612) 112,398) 17,392) 7,738 1500) 206,046 (3,1551 (3,6401 32.558 85.263 220,123 24.152 7,738 9.245 1,248,263 9,745 1,042,217 3,155 3,640 2,500 5,260 1,558 8,900 2.500 15,260) 11,558) 16,080) 2,000 204 1,000 2.820 204 8.150 8.150 6,510 1,013 6.510 1,013 10,000 IOMK) L475,737 185,802 1,661,539 TOTAL FUNDS 2.662.748 541,942 3,204,690 Page 23 continued...
FAMILY CARE TRusr NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMEhrr IN FUNDS- eontlnued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General Fund 3.526.713 (3.170.573) 356,140 Restrlcted funds Farm Equipment Community Gardening Farm Building Other Capital Funds Sports England Lambing Shed Canteen Building National Lottery Walled Garden National Lottery Community Fund Bally Thomas Fund Landau Limited Morrisons Foundation Skipton Building Society Michael Marsh Charitsble Trust CB & HH Taylor Highland Greyhound Lod8e Heart of England Together In Solihuill - English Language Courses West Midlands Strategic Partnershlp- English Lan8ua8e Courses Groundwork- English Language Courses Bartlays Sports Coachlng Private Donation- Community Support Fund (12,264) {4,612) (12,398) (11,665) (6,342) (500) 3.496 (3269) 13,640) 15,260) 17,790) {6,0801 (12,264) 14,612) (12,398) 17,392) 7.738 {500 206,046 (3,1551 (3,640) (5,260) (1,558) (6,080) 4,273 14mO 202,550 114 6,232 2,100 (1.896) 204 1.130 (1,130) 24.976 (16A26) 8,150 9.999 3W67 500 (3,489) (2,OS4) (500) 6,510 1,013 .oc#) 10,0 282,021 196.219} 185,802 TOTAL FUNDS 3,808,734 (3.266.792> 541,942 Page 24 continued...
FAMILY CARE TRusr NOTES TO TrIE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- contlnued Comparatlves for movement In funds Net rnovement in funds At 31.3.23 At 1.4.22 Unrestrlrted funds General Fund 1,140.223 46,788 1,187,011 Restrkted funds Farm Equipment Community Gardening Farm Building Other Capltal Funds Lambing Shed Canteen Building National Lottery Walled Garden National Lottery Community Fund Private Donation Bally Thomas Fund Landau LlmSted Morrisons Foundatlon 53,008 92,065 240,155 28,459 10,000 108,355 6,627 18,1861 12,1891 17,6341 3,085 12551 933,861 13,4721 3,640 2,500 5,260 1,558 8,900 44,822 89,876 232,521 31,544 9,745 1,042,216 3,155 3,640 2,5Cw) 5,260 1,558 8,900 538,669 937,068 1,475,737 TOTAL FUNDS 1,678,892 983,856 2,662,748 Page 25 continued...
FAMILY CARE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- contlnued Comparative net movement in fund5. included in the aLN)ve are a5 follows: Incoming resources Resource5 expended Movement in funds Unrestrlcted funds General Fund 2,549,039 {2,502,2511 46,788 Restricted funds Farm Equipment Community Gardenlng Farm Building Other Capital Fund5 Lambing Shed Canteen Building National Lottery Walled Garden National Lottery Communlty Fund Prlvate Donation Percy Bilton Bally Thomas Fund Landau Limited Morri50ns Foundation 18,1861 12,1891 17,6341 16,6151 12551 11,3601 13,4721 16,240) 18,1861 12,189) {7,6341 3,085 1255} 933,861 13,4721 3,640 2,500 9,700 935,221 9,880 2,500 3,260 8,0 9,348 15,580 13,2601 {2,7401 17,79)1 {6,6801 5,260 1,558 8,900 993,489 156,4211 937,068 TOTAL FUNDS 3,542,528 12,558,672) 983,856 Page 26 continued..-
FAMILY CARE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- contlnued A current year 12 months and prlor year 12 month5 combined position 15 a5 follows.. Net movement In funds At 31.3.24 At 1.4.22 Unrestrlcted funds General Fund 1,140,223 402,928 1,543,151 Restrlcted funds Farm Equipment Community Gardenlng Farm 8uildlng Other Capitsl Funds Sports England Lambing Shed Canteen Building Natlonal Lottery Walled Garden Private Donation Morrisons Foundatlon Skipton Building Society Michael Marsh Charitable Trust CB & HH Taylor Heart of England Together in Solihulll - En8llsh Language Courses West Midlands Strategic Partnershlp- English Language Courses Groundwork- Engllsh Language Courses Private Donation - Community Support Fund 53,008 92,065 240,155 28,459 120,4501 16,8011 120,0321 14,3071 7,738 17551 1,139,907 16,6271 2,500 2,820 2,000 204 I,oc 32,558 85,264 220,123 24,152 7,738 9,245 1,248,262 10,000 108,355 6,627 2,500 2,820 204 1,000 8,150 8,150 6,510 1,013 6,510 1,013 10,000 10,000 S38,669 1,122,870 1,661.539 TOTAL FUNDS 1,678,892 1,525,798 3,204,690 Page 27 continued...
FAMILY CARE TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 18. MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 month5 combined net movement In funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrkted funds General Fund 6,075,752 15,672,824) 402,928 Restrlcted funds Farm Equipment Community Gardenlng Farm Building Other Capital Funds Sports England Lambing Shed Canteen Bulldlng National Lottery Walled Garden National Lottery Community Fund Private Donation Percy Bilton Bally Thomas Fund Landau Limited Morrisons Foundation Skipton Building Soclety Michael Marsh Charltable Trust CB & HH Taylor Highland Greyhound Lodge Heart of En8land Together In SolShulll - English Lan8ua8e Courses West Midlands Strategic Partnership- En81ish Language Courses Groundwork - English Language Courses Barclays Sports Coaching Private t>onatlon- Community Support Fund 120.4501 16.8011 120,0321 118.2801 16,342) 17551 2,136 16,7411 19,8801 120,4501 16,8011 120,0321 14,3071 7,738 17551 1,139,907 {6,6271 13,973 14,080 1,137,771 114 9,880 2,500 3,260 8.000 15,580 15,580 2,0 2,IC 2,500 13,2601 18,CNJJI 115,5801 112,7601 2,820 2,000 204 1.000 {1,8961 1,130 {1,1301 24,976 116,8261 8,150 9,999 3,067 500 13,4891 12,0541 15(KJ) 6,510 1,013 10,000 10,000 1,275,510 1152,6401 1,122.870 TOTAL FUNDS 7,351,262 15,825,464) 1,525,798 Restrlcte Funds Farm Equipment / 8ulldings The balance will fund future depreciation arising from assets bought for the farm from specific grants and donations received. Communlty Gardening Fund The balance represents the donation of property and a55ets with which the scheme had previously operated and the balance will fund the future depreciation of the a55ets capitalised. Page 28 continued...
FAMILY CARE TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- contlnued Farm Building This represents monies towards building and equipping the trainin8 centre and tractor shed at Newlands Bishop Farm. The balance wlll fund the future depreciation of the assets capitalised. Farm New Carpark & New Cafe This represents monies towards bulldlng the carpark and new cafe at the farm, The balance will fund the future depreciation of the assets. Other Capltsl Funds There are varlous separate tapltal funds to cover bulldlng works and transport. The balances wlll fund future depreciation of the relevant capital assets. Sport England- Sports Coaching This represents funds received for the provision of a strurtured program of tennis and multl-5POrts for over 60 year old users of the 8lannin8 Day Centre, with physical and mental di5abilitles. Awards For All This represents funds received for the provislon of a strurtured program over 20 weeks of a range of trainin8, team building and multi-actlvity/adapted sports programme. Communlty Support Fund This represent5 funds recelved for improvin8 welfare of the cllents who live at Dassett Road. Natlonal Lottery Herlta8e Fund Walled Garden This represents funds received for the provision of a prolert revolved around the history of the Vlctorian Walled Garden at New Berry Hall. Thlnk Active Sports Coachlng Thls represents funds recelved for the provlsion of a structured program of a range of multi-activity/adapted sports actlvities at the farm over IS weeks for about 85 people. Lambln8 Shed Thls represents funds recelved from Solihull Round Table towards the construction of a lamblng shed. Bally Thomas Fund This represent5 funds received towards sports coaching. Prlvate Donatlon Thi5 represents a donation recelved from a cllent and close family. Landau Limited This repre5ent5 funds received towards sports coaching. Morrls0fi5 Foundation This represent5 funds received towards sports coaching. Sklpton Building Soclety This represents funds received towards the purchase of a new hoist and chairs at Blanning Day Centre. Pa8e 29 continued..
FAMILY CARE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- continued Michael Marsh Charltable Trust This represents funds received towards the purchase of a CNC machine. CB & Taylor This represents funds received towards the purchase of an air bench. Hl8hland Greyhound Lodge Thls represents funds received towards the construction of a chlcken coop. Heart of England Together In Sollhull Thi5 repre5ent5 funds received towards the provision of English langua8e and employment opportunities for Ukralnian refu8ees. West Mldlands Strateglc Partnershlp This repre5ent5 funds received towards the provision of En8llsh language courses for Hong Kong mlgrants. Gmundwork This represents funds received towards helping Hong Kong mlgrants settle into the Solihull area. Barclays Sports Coachin8 This represents funds received toward5 Sports coaching. Prlvate Donatlon- Communlty Support Fund This represents a donation received from a client and close familv. 19. EMPLOYEE BENEFIT OBLIGATIONS The Trust operates a defined contribution pension scheme. The costs for the year amounted to £56,661 12023.. £46,841) of whlch, at the year end the totsl of employee and employer contrlbutions outstandlng were £10,83312023; £6,900). 20. CAPITAL COMMITMENTS 2024 2023 Contracted but not provlded for in the financlal statements 454,745 942.300 Page 30 continued..
FAMILY CARE TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR TrIE YEAR ENDED 31 MARCH 2024 21. RELATED PARTY DISCLOSURES During the year the trust entered into the followln8 transactions With related partie5', The director of Flash Climblng Centre Limited is the general manager at Famlly Care Trust. Cost5 incurred this year were £29,95312023'. £20,175). As at 31 March 2024 £nil12023'. £4341 wa5 Outstanding to Flash Climbing Centre Limited. The dlrector of The George Fentham Hampton In Arden Charity is the general manager at Family Care Trust. Costs Incurred this year were £12012023,. £601. As at 31 March 2024 £3012023: £nill was outstandin8 to The Geor8e Fentham Hampton In Arden Charlty. The managing dlrector of David Edwards Insurance Brokers Limited is David Edward5 who acts on behalf of Famlly Care Trust a5 an insurance broker for all types of insurance that Family Care Trust may need. Costs incurred this year were £29,31812023'. £28,404). As at 31 March 2024 £21,64412023: £nlll was outstanding to David Edwards Insurance Brokers Limited. Page 31