OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-03-31-accounts

Horizon Care and Welfare Association

Charity No. 1047568

Trustees' Report and Audited Accounts

31 March 2024

Horizon Care and Welfare Association Contents

Pages
2-11
Auditor's Report 12-14
Statement of Financial Activities 15
Balance Sheet 16
Notes to the Accounts 17-23
Statement of Cash Flows 24
Detailed Statement of Financial Activities 25-26
-

Page 1

Horizon Care and Welfare Association

Trustees Annual Report Year Ended 31 March 2024

Contents

2

Horizon Care and Welfare Association

Trustees Annual Report

For the year ended 31 March 2024

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 (Honarary) Member Abdi Abdi Member Layla Awad

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

3

Horizon Care and Welfare Association

Trustees Annual Report (Continued)

For the year ended 31 March 2024

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.

4

Horizon Care and Welfare Association Trustees Annual Report (Continued)

For the year ended 31 March 2024

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 enhanced by the services provided during the Financial Year.

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 2024

The assessment of success can be measured by a 2% 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 2024, 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

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.

5

Horizon Care and Welfare Association

Trustees Annual Report (Continued)

For the year ended 31 March 2024

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.

Volunteers

The organization has 6 office staff and a pool of volunteers who run day-to-day activities. The contributions of 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.

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 affected by the cost of living crisis , the local community was very appreciative that Horizon Care and Welfare Association was still able to provide continued assistance.

6

Horizon Care and Welfare Association

Trustees Annual Report (Continued)

For the year ended 31 March 2024

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

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

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 £18,653 (2024 £264,210) (2023 £245,557)

Total net assets increased by £16,648 (2024 £270,224) (2023 £253,576)

Total Income increased by £21,078 (2024 £1,270,392) (2023 £1,249,314)

Total Reserve funds- 2024 2023

Restricted £64,941 £ 64,941 Unrestricted £205,283 £188,635 Total £270,224 £253,576

7

Horizon Care and Welfare Association

Trustees Annual Report (Continued)

For the year ended 31 March 2024

Policy on Reserves

capital that protects the continuity of our core work

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 ncern.

The agreement of a new contract with the London Borough of Bromley to provide domiciliary care has resulted in additional in additional income 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 ds.

8

Horizon Care and Welfare Association

Trustees Annual Report (Continued)

For the year ended 31 March 2024

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

Domiciliary Care

London Borough of Croydon £664,046

London Borough of Bromley £358,989

NHS South East London £48,649

NHS South West London £18,769

Respite care and Outreach

London Borough of Croydon £65,294

Private Clients

Total £123,054

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 of 31 March 2024.

9

Horizon Care and Welfare Association

Trustees Annual Report (Continued)

For the year ended 31 March 2024

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.

10

Horizon Care and Welfare Assoclatlon Trustees Annual Report (Continued) For the year ended 31 March 2024 The arran ement5 for settin the a of the chari rsonnel All our pay 15 selected based on their knowledge. experience, competency and suitability. All key management personal details are with the payroll officer ILi5a Wemer). All staff salary will be reviewed in April 2024. The relationshi between the chari and its related arties Horizon Care and Welf3re 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. Statement of tru5tee'5 re nsibilities in relation to the finanual statements The trustee5 are responsible for preparing the Trustees, Annual Report and the financial statement5 in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial yearwhich give a true and fairwew of the of the charity and of the incoming resources and application of resources of the diarity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and apply them consistently: observe the methods and prinaples in the Charities SORP- make judgments and accounting estimates that are reasonable and prudent: • state whether applicable UK accounting standards have been followed. subjert to any material departures disclosed and explained in the financial ststements: prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Trust will continue in operation. The Trustees are responsible for keeping proper accounting ￿COrdS that are sufficient to show and explain the Trust's transactions and disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements complywith the Charities Art 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable step5 for the prevention and detection of fraud and other irre8ularities This report was approved by the Trustees on and signed on their behalf by: Anab Osm3n Chair of Trustee5. Signed.... Date......31 January 2025...... Anab Osman li

Horizon Care and Welfare Association Audit Report

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 2024 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:

Except for the effects of the matter described in the Basis for Qualified Opinion section of

have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK) and

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 requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Basis for Qualified Opinion

We draw your attention to the Detailed Statement of Financial Affairs on page 25 of the financial statements. We have concerns about the effectiveness of internal controls in relation to volunteer expenses, transport and travelling expenditure within Charitable Activity expenditure.

Conclusions relating to going concern

In auditing the accounts, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the accounts 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 group and parent charity's ability to continue as a going concern for a period of at least 12 months from when the accounts 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 accounts and 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 inconsistencies or apparent material misstatements, we are required to determine whether there is a

12

Horizon Care and Welfare Association Audit Report

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

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:

the accounts are not in agreement with the accounting records; or

we have not received all the information and explanations we require for our audit.

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 accounts which 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 the Charities Act 2011, s. 145 and report in accordance with the regulations made under 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 mis 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.

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 accounts is located on the Financial Reporting www.frc.org.uk/auditorsresponsibilities. report.

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.

13

Horizon Care and Welfare Association Audit Report

PR Castle (Senior Statutory Auditor) For and on behalf of

Harrison Hill Castle & Co, Accountants and Statutory AuditorsMelbury House 34 Southborough Road Bickley Kent BR1 2EB

31 January 2025

Harrison Hill Castle & Co is eligible for appointment as auditor in terms of the Companies Act 2006, s.1212.

14

Horizon Care and Welfare Association Statement of Financial Activities

for the year ended 31 March 2024

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
2024
£
-
1,270,392		 Restricted
funds
2024
£
-
-		 Total funds
2024
£
-
1,270,392		 Total funds
2023
£
125,753
1,123,561
1,270,392
1,181,318
72,426		 -
-
-		 1,270.392
1,181,318
72,426		 1,249,314
1,126,983
92,755
1,253,744
-		 -
-		 1,253,744
-		 1,219,738
-
16,648
-		 -
-		 16,648
-		 29,576
-
16,648 - 16,648 29,576
16,648
188,635
205,283		 -
64,941
64,941		 16,648
253,576
270,224		 29,576
224,000
253,576

15

Horizon Care and Welfare Association Balance Sheet at 31 March 2024 Charity No. 1047568 2024 2023 Fixed assets Tangible assets io 6.014 6,014 8.019 8,019 Current a$5ets Debtors Cash at bank and in hand li 75,373 203,915 279.288 11_s.n781 264,210 47,056 213,977 261,033 115,4761 245,557 Credltors." Amount falling due within one year Net current assets Totsl assets less current liabilities 270,224 253,576 Net asset5 excluding pension asset or liability Total net assets 270.224 253,576 270,224 253,576 The funds ofthe charlty Restrirted funds Restrirted income funds 64,941 64,941 64.941 64,941 Unrestricted fvnds General funds 205.283 188,635 205,283 188,635 Reserves Total fvnds 270,224 253,576 Approved by the trustee5 on 31 January 2025 And signed on their behalf by". A. Hersi Trustee 31January 2025 16

Horizon Care and Welfare Association Notes to the Accounts

for the year ended 31 March 2024

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.

Income

Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies 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 value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 17

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.

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.

Page 18

Horizon Care and Welfare Association

Notes to the Accounts

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.

Page 19

Horizon Care and Welfare Association

Notes to the Accounts

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
2023
£
125,753
1,123,561
1,249,314
1,126,983
92,755
1,219,738
29,576
29,576
29,576
159,059
188,635
Unrestricted
£
-
-		 Restricted
funds
2023
£
-
-
-
-
-
-
-
-
-
64,941
64,941
Total
2024
£
-
-		 Total funds
2023
£
125,753
1,123,561
1,249,314
1,126,983
92,755
1,219,738
29,576
29,576
29,576
224,000
253,576
Total
2023
£
125,753
125,753
Unrestricted
£
1,270,392
1,270,392		 Total
2024
£
1,270.392
1,270,392		 Total
2023
£
1,123,561
1,123,561

Page 20

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
Transport and Travel
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
8
Trustee remuneration and expenses
Number of trustees paid expenses
9
Staff costs
No employee received emoluments in excess of £60,000.		 Unrestricted
£
32,840
105,015
47,973
679,565
89,751
1,387
224,787
1,181,318
Unrestricted
£
-
8,566
21,864
2,005
24,615
15,376
72,426
2024
£
2,005
2024
Number
3		 Total
2024
£
32,840
105,015
47,973
679,565
89,751
1,387
224,787
1,181,318
Total
2024
£
-
8,566
21,864
2,005
24,615
15,376
72,426		 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
2023
£
2,673
2023
Number
3

Page 21

Horizon Care and Welfare Association

Notes to the Accounts

10 Tangible fixed assets

Cost or revaluation
At 1 April 2023
At 31 March 2024
Depreciation and
impairment
At 1 April 2023
Depreciation charge for the year
At 31 March 2024
Net book values
At 31 March 2024
At 31 March 2023
11Debtors
Trade debtors
12 Creditors:
amounts falling due within one year
Accruals
13 Movement in funds
Restricted funds:
Restricted income funds:
Total
Unrestricted funds:
General funds
Total funds		 At 1 April
2023
64,941

64,941
188,635

253,576		 £
49,888

49,888
42,288
1,900
44,188		 £
8,713

8,713
8,294
105
8,399		 £
58,601
58,601
50,582
2,005
52,587
5,700
7,600
2024
£
75,373
75,373
2024
£
15,078
15,078
Incoming
resources
including
other
gains/losses
£

-

-
1,270,392

1,270,392		 314
419

Resources
expended
£
-

-
(1,253,744)

(1,253,744)		 6,014
8,019
2023
£
47,056
47,056
2023
£
15,476
15,476
At 31
March
2024
£
64,941
64,941
205,283
270.224

Page 22

Horizon Care and Welfare Association

Notes to the Accounts

14 Analysis of net assets between funds

14Analysis of net assets between funds
Fixed assets
Net current assets
15Reconciliation of net debt
Cash and cash equivalents
Net debt		 Unrestricted
funds
£
7,703
245,587
253,290
At 1 April
2023
£
213,977
213,977
213,977		 Restricted
funds
£
316
770
1,086
Cash flows
£
(10,062)
(10,062)
(10,062)		 Total
£
8,019
246,357
254,376
At 31
March
2024
£
203,915
203,915
203,915

Page 23

Horizon Care and Welfare Association Statement of Cash flows

for the year ended 31 March 2024

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Increase in trade and other receivables
(Decrease)/Increase in trade and other payables
Depreciation of plant and equipment
Net cash (used in)/provided by operating activities
Net cash from investing activities
Net cash from financing activities
Net (decrease)/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		 2024
£
16,648
(28,317)

(398)
2,005
(10,062)
-
-
(10,062)
213,977
203,915
203,915
203,915		 2023
£
29,576
(17,270)
1,200
2,673
16,179
-
-
16,179
197,798
213,977
213,977
213,977

Page 24

Horizon Care and Welfare Association Detailed Statement of Financial Activities

for the year ended 31 March 2024

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 workshop
Care support and Salaries
Transport and travelling expenses
Governance costs
CRB checks
Volunteer expenses
Total of expenditure on charitable
activities
Temporary staff
Motor and travel costs
Vehicles - General costs
Premises costs
Rent
Rates
Light, heat and power
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of motor vehicles
Depreciation of fixtures and fittings		 Unrestricted
funds
2024
£
-
-
1,270,392

1,270,392
1,270,392
32,840
105,015
47,973
679,565
89,751
955,144
1,387

224,787
226,174
1,181,318
-
2024
£
-
-
-

-
-
-
-
-
-
-
-
-

-
-
-
-
-
-		 Total funds
2024
£
-
-
1,270,392
1,270,392
1,270.392
32,840
105,015
47,973
679,565
89,751
955,144
1,387
224,787
226,174
1,181,318
-
-
8,566		 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
-
8,566
8,566
15,000

4,340
1,185
1,339
21,864
1,900
105		 -
-

-
-
-
-

-		 8,566
15,000
4,340
1,185
1,339
21,864
1,900
105

Page 25

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		 1,341
8.934
4,871
4,766
78
4.625
26,620
8,100
5,603
1,673
15,376
72,426
1,253,744
-
16,648
16,648
-
16,648
188,635
205,283		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
64,941
64,941		 1,341
8,934
4,871
4,766
78
4,625
26,620
8,100
5,603
1,673
15,376
72,426
1,253,744
-
16,648
16,648
-
16,648
253,576
270,224		 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

Page 26