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2023-03-31-accounts

Horizon Care and Welfare Association

Charity No. 1047568

Trustees' Report and Audited Accounts

31 March 2023

Horizon Care and Welfare Association Year ended 31 March 2023

Pages
Trustees' Annual Report 2 to 9
Auditor's Report 10 to 12
Statement of Financial Activities 13
Balance Sheet 14
Statement of Cash flows 22
Notes to the Accounts 15 to 21
Detailed Statement of Financial Activities 23 to 24

Page 1

Horizon Care and Welfare Association Trustees Report Year Ended 31 March 2023

Contents

1. Reference and Administrative details

2. Objectives and Activities

3. Achievements and Performance

4. Financial Review

5. Plans for Future Periods

6. Structure of Governance and Management

7. Statement of Trustees Responsibilities in relation to the Financial Statements

Page 2

Horizon Care and Welfare Association Trustees Annual Report For the year ended 31 March 2023 Reference and Administrative details

Principal Office

79 Park Lane Croydon Surrey CR0 1JG

Registered Charity Number

1047568

Trustees

Chairperson Anab Robleh (Honarary) Treasurer Anab Hersi (Honorary) Member Abdi Abdi Member Layla Awad Member Mohamoud Robleh

Auditors

Harrison Hill Castle & Co Melbury House 34 Southborough Road Bickley Bromley Kent BR1 2EB

Bankers

NatWest PLC Croydon Whitgift Centre 40 Whitgift Centre Croydon Surrey CR9 3 BQ

Page 3

Horizon Care and Welfare Association Trustees Annual Report (Continued) For the year ended 31 March 2023

Objectives and Activities

The principal objectives of the HORIZON CARE AND WELFARE ASSOCIATION continue to be:

  1. To provide relief and a decent living for the Somali people living in the London Borough of Croydon. In particular but not exclusively for people who are in conditions of need, hardship or distress by the provision of advice and information in the areas of welfare, health, housing, education and immigration.

  2. To advance the education of the Somali people living in the London Borough of Croydon in particular but not exclusively by the provision of English and Mother Tongue classes.

  3. To relieve elderly people living in the London Borough of Croydon in particular but not exclusively by the provision of a luncheon club.

The following services provided by the Association are:

Aims and issues that Horizon Care and Welfare Association seek to tackle and the changes it seeks to make through its activities

Horizon care is a community organization which works to promote the well-being of its members by alleviating needs, distress and fostering awareness of rights and entitlements.

Page 4

Horizon Care and Welfare Association Trustees Annual Report (Continued) For the year ended 31 March 2023

How the achievement of Horizon Care and Welfare Association aims will further its legal purposes

By continuing to provide services to the local community in the best way possible especially in the social economic climate that existed during the year Horizon Care and Welfare Association’s legal purpose has been enhanced by the services provided during the Financial Year.

Strategies for achieving Horizon Care and Welfare Association’s aims and objectives

The staff and volunteers attend regular training courses and have strong links with local community leaders. The charity seeks to obtain as much funding as possible so that it can assist in the best possible way for people needing assistance.

The criteria used to assess the success in the year to 31 March 2023

The assessment of success can be measured by a 4% increase in total funding compared to the previous year with expenditure on its charitable objectives remaining about the same. The charity received many letters of gratitude and positive feedback from its volunteers during the year.

Horizon Care and Welfare Associations short and long term aims and objectives

Given our success in supporting care workers in 2022, the Charity continues to look ahead and to identify other areas where we can support care workers. We hope to offer new grant streams to reflect the issues affecting care workers, but this is reliant on funding, and the current environment is both exciting and a challenge. We’re exploring working more closely with local authorities to offer support to care workers across their areas and are currently in the planning stage with one local authority. We will use our proven expertise to deliver financial and mental health support, with a specific emphasis on local issues affecting the social care sector. We will look at challenges to staff retention, and how to ameliorate the impact of demands on the workforce and provision of services.

Social Investment policy

We will use our proven expertise to deliver financial and mental health support, with a specific emphasis on local issues affecting the social care sector. We will look at challenges to staff retention, and how to ameliorate the impact of demands on the workforce and provision of services. We are working towards increasing our reach in the local area. We are also keen to learn from other sector charities regarding how they engage with potential funders and to more closely collaborate with charities we already know as often a more holistic approach in grant provision can be particularly useful for some care workers.

Grant making

The competition is very high, and our success is very limited. Covid-19 and the cost of living crisis also affected our funding for those reasons, we have developed domiciliary care project in which Croydon Council has provided funding to develop from 2005.

Volunteers

The organization has 6 office staff and a pool of volunteers who run day-to-day activities. The contributions of volunteer’s work have been very significant and will continue to be so. Since volunteers almost entirely provided by volunteers. The volunteers involved various activities such as interpreting, translation, outreach, practical work such as filing benefit forms, organizing activities and meetings. Also, Horizon care provides training and supervision to volunteers.

Page 5

Horizon Care and Welfare Association Trustees Annual Report (Continued) For the year ended 31 March 2023

Achievements and performance

The difference made to the beneficiaries and Society as a whole

By maintaining the standards of care and assistance to its beneficiaries during a period in the UK still very much affected by both the Covid-19 Coronavirus crisis and the cost-of-living crisis, the local community was very appreciative that Horizon Care and Welfare Association was still able to provide continued assistance.

Performance achieved compared to objectives set against fundraising objectives set

At the start of the year the charity set an objective of reaching a wider community. This objective was achieved by securing a new domiciliary contract with the London Borough of Bromley near the end of the financial year.

Investment performance of Investments held

The charity didn’t hold any investments during the year.

Material expenditure incurred to raise future funds

The charity incurred no material expenditure during the year in order to secure future funding.

Commentary of significant factors incurred in the year within and outside the control of Horizon Care and Welfare Association

During the early part of the year the Charity’s activities were still affected a great deal by the Coronavirus Pandemic. The impact was substantial, but Horizon Care and Welfare Association performed better than expected to provide care and support to the local community. Its staff and volunteers adhered to the rules on social distancing and were provided with necessary personal protective equipment.

Financial Review

The Financial position at the year end

Net current assets increased by £32,249 (2023 £245,557) (2022 £213,308)

Total net assets increased by £29,576 (2023 £253,576) (2022 £224,000)

Total Income increased by £48,760 (2023 £1,249,314) (2022 £1,200,554)

Total Reserve funds- 2023 2022 Restricted £11,219 £ 24,706 Unrestricted £242,357 £199,294 Total £253,576 £224,000

Page 6

Horizon Care and Welfare Association Trustees Annual Report (Continued) For the year ended 31 March 2023

Policy on Reserves

Free Reserves are that part of a charity’s unrestricted funds that is freely available to spend on any of the charity’s purposes. The Care Workers’ Charity maintains free unrestricted reserves:

The Board of Trustees review the above criteria with reference to Horizon Care and Welfare Association’s strategy and Annual Plan and determine the target level of free reserves to meet these. Trustees review the policy regularly and formally approve it on an annual basis. The policy in operation for the level of free reserves is to ensure enough reserves are held, free of any restrictions, to enable the charity to operate for at least 6 months should no new income be received. The trustees believe the current level of reserves is sufficient for this purpose.

Ability to carry on as a going concern

Funding has been secured in the short to medium term and in the opinion of the Trustees there are no issues with the charity’s ability to carry on as a going concern.

Significant events affecting the Charity’s financial performance

There were no significant events affecting the Charity’s financial performance during the Financial Year.

Investment policy and objectives of Financial Investments

The charity has to maintain its working capital and has at any one-time insufficient working capital with which to invest, therefore the charity doesn’t have an investment policy for any surplus funds.

The principal risks and uncertainties for Horizon Care and Welfare Association and summary of strategies to manage the risks

The volunteers undertake most of the work of the organization as understaffed. The high degree of dependence in volunteers is not best situated in the organization since volunteers tend to move after some time and may be less reliable on day-to-day basis. On that reason Horizon is planning to recruit advisers and outreach staff and need to fund raise.

Factors that will affect the financial performance going forward

The charity will be dependent on the continued support of the local government sources which in turn will be affected by the UK economy generally.

The principal funding sources of Horizon

The charity’s income comprises: Domiciliary Care London Borough of Croydon £754,228 London Borough of Bromley £249,333 NHS South East London £54,188 NHS South West London £25,025 Respite care and Outreach London Borough of Croydon £45,453 Other £121,087

The impact of any pension liability

The charity operates a pension fund for its staff but has no significant amount owing to the pension fund as at 31 March 2022.

Page 7

Horizon Care and Welfare Association Trustees Annual Report (Continued) For the year ended 31 March 2023

Plans for future periods

Future aims and objectives

Horizon care is planning to continue its present services and to develop fund raising for advice and information projects

Structure Governance and Management

The governing document

The charity is governed by is Trust Deed

Methods adopted for the recruitment and appointment of new trustees

Trustees are appointed by the existing trustees to the Board of Trustees.

Organisational structure and how decisions are made

Horizon care is a membership organization. The members meet at the annual general meeting, but the management committee is elected on by annual basis. The management committee is responsible for overall management and control of the organization. Other responsibilities include the formulation of policies and managing the coordinator. The coordinator in turn manages staff and volunteers. The coordinator, staff and volunteers are responsible for day today running of the organization. It's also, their responsibility to implement policies and put in place working systems necessary for proper running of the organization. Directives from the management committee to staff and volunteers come through the coordinator. Similarly, staff and volunteers report back to management committee through the coordinator.

Procedures adopted for the training of new trustees

New trustees will only be appointed if they have sufficient experience in the charity sector. But there is a requirement to attend courses and seminars so that their experience is expanded enabling the charity to benefit overall.

The arrangements for setting the pay of the charity’s key personnel

All our pay is selected based on their knowledge, experience, competency and suitability. All key management personal details are with the payroll officer (Lisa Werner). All staff salary will be reviewed in April 2024.

The relationship between the charity and its related parties

Horizon Care and Welfare Association has a good relationship with the London Borough of Croydon since 2005 and secure a contract with the London Borough of Bromley in 2021 for domiciliary care services for people living within the Borough.

Page 8

Horlzon Care and Welfare Asso¢latlon Trustees Annual Report (Continued) For the year ended 31 March 2023 Statement of trustee's r nslbllltle5 In relatlon to the financlal statements The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and Unlted Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice). The law applicable to charlties in England & Wale5 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the of the charity and of the Incomlng resour¢es and applicatlon ol resources of the charity for that perlod. In preparln8 these fSnancial statements, the trustees are required to.. select suStable a¢¢ountlng policles and apply them consistentlv.. observe the method5 and prsrnciples in the Charities SORP., make jud8ments and ac£ountin8 estlmates that are reasonable and prudent,. state whether applicable UK accounting standards have been followed, Subject to any material departures dlsclosed and explained In the flnanclal statements, prepare the financial statements on the golng concern basls unless Itlg inapproprlate to presume that the Trust will contlTrue in operatS0n. The Trustèes are re5ponslble lor keeplng proper accountlng records that are sufflcient to show and explaln the Trust's transa¢tions and disclose with reasonable accuracy at any time the financlal posit5on of the Trust and enable them to •nsur* that thè financlal statements comply wlth the Charitles Act 2011, the Charlty (Accounts and Reports) Regulatlons 2008 and the provisions of the trust deed. They are also respornsible for safeguardin8 the assets of the Trust and hente for taklng reasonablè steps for the preventlon and detection of fraud and othef irre8ularities Thls ieport was approved by the Tiustees on and si8ned on thelr behalf by.. Anab osman Chair ol Trustees. Slgned.I Date... Il OJlJo¥ Anab Hersl Trustee Pa8e 9

Horizon Care and Welfare Association Year ended 31 March 2023

Independent Auditor's Report to the Trustees of Horizon Care and Welfare Association

Opinion

We have audited the accounts of Horizon Care and Welfare Association (the 'charity') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the Notes to the Accounts, 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 FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the accounts:

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 accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts 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.

Emphasis of Matter

We draw your attention to the Detailed Statement of Financial Activities on page 23. We have concerns about the effectiveness of internal controls in relation to Volunteer expenses and Transport and travelling expenditure within Charitable Activity expenditure. Our opinion is not modified in respect of this matter.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

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

Our opinion on the accounts does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the accounts,our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material

10

Horizon Care and Welfare Association Year ended 31 March 2023

inconsistencies or apparent material misstatements,we are required to determine whether there is a material misstatement in the accounts 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.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

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

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement found in the trustees' report, the trustees are responsible for the preparation of the accounts 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 accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, 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 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 accounts

We have been appointed under section 145 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 accounts 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 accounts.

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:

[Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud. An example explanation can be found in A2 non-publicly traded company preparing group and parent company financial statements under UK GAAP.]

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

11

Horizon Care and Welfare Association Year ended 31 March 2023

Use of this report

This report is made solely to the charity's trustees, as a body, in accordance 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 auditors' 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.

31st January 2024 PR Castle (Senior Statutory Auditor)

For and behalf of

Harrison Hill Castle & Co, Accountants and Statutory Auditors

Melbury House 34 Southborough Road Bickley BR1 2EB

30 January 2024

Harrison Hill Castle & Co is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a charity under section 1212 of the Companies Act 2006.

12

Horizon Care and Welfare Association Statement of Financial Activities

for the year ended 31 March 2023

Notes
Income and endowments
from:
Donations and legacies
3
Other trading activities
4
Total
Expenditure on:
Charitable activities
5
Other
6
Total
Net gains on investments
Net income
7
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2023
£
-
1,249,314		 Restricted
funds
2023
£
-
-		 Total funds
2023
£
-
1,249,314		 Total funds
2022
£
119,005
1,081,549
1,249,314
1,126,983
92,755		 -
-
-		 1,249,314
1,126,983
92,755		 1,200,554
1,047,978
73,439
1,219,738
-		 -
-		 1,219,738
-		 1,121,417
-
29,576
-		 -
-		 29,576
-		 79,137
-
29,576 - 29,576 79,137
29,576
159,059		 -
64,941		 29,576
224,000		 79,137
144,863
188,635 64,941 253,576 224,000

13

Horizon Care and Welfare Associatlon Balancè Shèèt at 31 March 2023 Charity No. 1047568 2023 ZOZ2 Fixed a55ets Tangible assets 8,019 8,019 10,692 10,692 Current assets Debtors Cash at bank and in hand io 47,056 213,977 261,033 115,4761 245,S57 29,786 197,798 227,584 114.2761 213,308 Cr*dltoYs.. Amount fallln8 due within one year Net current assets li Total a55ets les5 current Ilabllltles 253,576 224,(NJO Net assèts eM¢ludlng pensSon asset or IlabllSty 253.576 224,CQJ Toial net ass 253.576 224,(X)D The funds of the ¢harlty estrlrted funds Restrlcted income funds 12 64,941 64.941 64,941 64,941 UniestrJ¢ted funds General funds 12 188,63S IS9,059 159,OS9 188,635 12 Total funds 253,576 224,(M)O Approved by the trustees on 30 January 2024 And si8ned on their behalf bv.. A Osman Char5ty C.Ordlnator 30 January 2024 14

Horizon Care and Welfare Association

Notes to the Accounts

for the year ended 31 March 2023

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the income charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in legacies the the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market revaluation of fixed value at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

15

Horizon Care and Welfare Association Notes to the Accounts

Expenditure

Recognition of expenditure

Expenditure on raising funds Expenditure on charitable activities

Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs.

These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs.

Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

16

Horizon Care and Welfare Association

Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

17

Horizon Care and Welfare Association

Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Other trading activities
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
4
Income from other trading activities		 Unrestricted
funds
2022
£
114,003
1,056,454
1,170,457
1,030,718
73,439
1,104,157
66,300
66,300
66,300
132,994
199,294
Unrestricted
£
-
-
-
Unrestricted
£
1,249,314
1,249,314		 Restricted
funds
2022
£
5,002
25,095
30,097
17,260
-
17,260
12,837
12,837
12,837
11,869
24,706
Total
2023
£
-
-
-
Total
2023
£
1,249,314
1,249,314		 Total funds
2022
£
119,005
1,081,549
1,200,554
1,047,978
73,439
1,121,417
79,137
79,137
79,137
144,863
224,000
Total
2022
£
114,003
5,002
119,005
Total
2022
£
1,081,549
1,081,549

18

Horizon Care and Welfare Association

Notes to the Accounts

5 Expenditure on charitable activities

Expenditure on charitable
activities
Sessional fees and costs
Social activities
Seminar training and
workshops
Care support and salaries
Grants made
Governance costs
CRB checks
Volunteer expenses
6
Other expenditure
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
7
Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets
Auditor’s remuneration
Trustees’ remuneration salary and expenses		 Unrestricted
£
60,279
78,257
64,205
578,073
99,258
1,334
245,577
1,126,983
Unrestricted
£
8,437
6,387
18,166
2,673
40,445
16,647
92,755
2023
£
2,673
8,100
64,873		 Total
2023
£
60,279
78,257
64,205
578,073
99,258
1,334
245,577
1,126,983
Total
2023
£
8,437
6,387
18,166
2,673
40,445
16,647
92,755		 Total
2022
£
63,765
95,422
70,588
467,225
102,548
945
247,485
1,047,978
Total
2022
£
-
1,876
18,461
3,564
40,958
8,580
73,439
2022
£
3,564
6,900
62,024

8 Staff costs

No employee received emoluments in excess of £60,000.

19

Horizon Care and Welfare Association

Notes to the Accounts

At 31 March 2023
Net book values
At 31 March 2023
At 31 March 2022
10Debtors
Trade debtors
11Creditors:
amounts falling due within one year
Accruals
12Movement in funds
Restricted funds:
Restricted income funds:
Total
Unrestricted funds:
General funds
Total funds
Cost or revaluation
At 1 April 2022
At 31 March 2023
Depreciation and
impairment
At 1 April 2022
Depreciation charge for the		 At 1 April
2022
64,941
64,941
159,059
224,000		 42,288
7,600
10,133
2023
£
47,056
47,056
2023
£
15,476
15,476
Incoming
resources
(including
other
gains/losses)
£
-
-
1,249,314
1,249,314
£
Motor
Vehicles
49,888
49,888
39,755
2,533		 8,294
419
559
Resources
expended
£
-
-
(1,219,738)
(1,219,738)
£
Fixtures
& fittings
8,713
8,713
8,154
140		 £
Total
58,601		 £
Total
58,601
58,601
50,582

47,909
2,673
8,019
10,692
2022
£
29,786
29,786
2022
£
14,276
14,276
At 31
March
2023
£
64,941
64,941
188,635
253,576

20

Horizon Care and Welfare Association

Notes to the Accounts

13 Analysis of net assets between funds

13Analysis of net assets between funds
Fixed assets
Net current assets
14Reconciliation of net debt
Cash and cash equivalents
Net debt		 Unrestricted
funds
£
(2,430)
244,787
242,357
At 1 April
2022
£
197,798
197,798
197,798		 Restricted
funds
£
10,449
770
11,219
Cash flows
£
16,179
16,179
16,179		 Total
£
8,019
245,557
253,576
At 31
March
2023
£
213,977
213,977
213,977

21

Horizon Care and Welfare Association Statement of Cash flows

for the year ended 31 March 2023

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Increase in trade and other receivables
Increase in trade and other payables
Net cash provided by operating activities
Net cash used in investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2023
£
29,576
2,673
(17,270)
1,200
16,179
-
-
16,179
197,798
213,977
213,977
213,977		 2022
£
79,137
3,564
(29,786)
6,900
59,815
(430)
-
59,385
138,413
197,798
197,798
197,798

Page 22

Horizon Care and Welfare Association Detailed Statement of Financial Activities

for the year ended 31 March 2023

Income and endowments from:
Donations and legacies
Other trading activities
Total income and endowments
Expenditure on:
Charitable activities
Sessional fees and costs
Social activities
Seminar training and workshops
Care support and salaries
Transport and travelling expenses
Governance costs
CRB checks
Volunteer expenses
Total of expenditure on charitable
activities
Employee costs
Temporary staff
Motor and travel costs
Vehicles - General costs
Premises costs
Rent
Rates
Light, heat and power
General administrative costs,
including depreciation and
amortisation
Depreciation of Motor vehicles
Depreciation of Fixtures and fittings		 Unrestricte
d funds
2023
£
125,753
-
125,753
1,123,561
1,123,561
1,249,314
60,279
78,257
64,205
578,073
99,258
880,072
1,334
245,577
246,911
1,126,983
8,437
8,437
6,387
6,387
15,000
1,923
1,243
18,166
2,533
140		 2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2023
£
125,753
-
125,753
1,123,561
1,123,561
1,249,314
60,279
78,257
64,205
578,073
99,258
880,072
1,334
245,577
246,911
1,126,983
8,437
8,437
6,387
6,387
15,000
1,923
1,243
18,166
2,533
140		 Total funds
2022
£
114,003
5,002
119,005
1,081,549
1,081,549
1,200,554
63,765
95,422
70,588
467,225
102,548
799,548
945
247,485
248,430
1,047,978
-
-
1,876
1,876
16,002
1,874
585
18,461
3,377
187

Page 23

Horizon Care and Welfare Association Detailed Statement of Financial Activities

Equipment repairs and
maintenance
General insurances
Postage and couriers
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 6,039
4,967
14,860
10,526
-
4,053
43,118
8,226
3,400
5,021
16,647
92,755
1,219,738
-
29,576
29,576
-
29,576
159,059
188,635		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
64,941
64,941		 6,039
4,967
14,860
10,526
-
4,053
43,118
8,226
3,400
5,021
16,647
92,755
1,219,738
-
29,576
29,576
-
29,576
224,000
253,576		 17,511
6,875
10,927
1,262
796
3,587
44,522
6,900
1,680
-
8,580
73,439
1,121,417
-
79,137
79,137
-
79,137
144,863
224,000

Page 24