Charlty reglstratlon numbor 1049278 Company reglstratlon number 03054273 (England and Wales) THE CARERS, RESOURCE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE CARERS, RESOURCE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Liz Jones (Chair) 0am1￿ Boddy Slmon Arnold John Hayward G￿ Luxfrffd Catherine Sthofield ReL￿C￿9 Gray (Appointed 25 May 2023) (Appointed 25 May 2023) {Appointed 21 March 20241 (Appointed 21 March 2024) (Appointed 12 June 2024) Secretary Heldl Watson Senlor management Clyisllne V¥hiley Chief Executive Offic8r (to Apr612024) Chief Executive Officer (from AFKil 2024) Heidi Watson Charlty number 1049278 Company number 03054273 Ro9lBlerod offlce 3 Grove Park Court Harr￿Jate HG14DP Audltor Holeys Llmited stuart H¢Juse 15117 North Path Road Harrogale North Yorkshlre HG15PD Bankgr8 Uoyds Bar 11 Cambridge Cresceni Harrogate North Y￿kS￿ra England HG11PQ THE CARERS, RESOURCE CONTENTS Pago Chalfs Statement Trustees, report 3-12 Slatement of trustees, responsibilities 13 Independent authior'¥ report 14-16 Statement of finand81 adlvltle8 17 Balanca sheet 18 ststemenl of cash Iluws 19 Notes to the financial $tat8m8nts 20-36 THE CARERS. RESOURCE CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 Th8 last financial year has probably beèn the most c*allenging I have seen for the organisation In my tsme as Chair in terms of both our ffinan￿s and our people- even compared to COVID-19. There is an 8ver-9Towing demand for services to support carers as thé fiscal environment ha5 impacted the communities wè work with and our teams 0 5UPPOrt them. At the same lime. the rapidly worsening economic situation experienced In the health & care sector has had a major Impact on the organFsation as V￿ have experienced significant withdrawal and reduction in public sectOT fundlng streams. as well as a significanlly iiueased ￿st base (resulting from headcount inueases associated with our previous gro￿. living wage increases and rapid cost inllalion). This ha3 placed an extreme wessurè on the organisation over a relalively sh(xt period. Coupled with this, we hav8 séen signlficant charwJe In our senior lead8rship wlth our CEO, Chris ￿￿lley, having enforced absence for sev8ral monlhs earty in the year for health reasons prior to r8liremenl in Aprl 2024 and also. the departure of 2 hèads of finance. Not only this, but we hav8 a relatively new Board of Trustees as new facès have joined and previous Trustegs have left the Board. As suth. I would like to take this chance to thank everyone for thelr efforts throughout the course of such a challènging year, Induding Trustees who have left the Board over the la8112-18 rnonlhs. Nèverthele89, the comblnation of Ihese la¢*rs had a slgnificant nega￿ve Impacl for the financial position of the organisation and, sadly, we have found It n￿ssary to tsk8 some very difficult dedsions in terms d our structur¢ and removing som6 added-value services (weviousty funded by Carers, Resource) In order to set the fOunda￿On$ lor a vlable futur6, l am pleased to have V￿[c(￿ned Heldi l+vats￿l as new CEO. has been leading the wrk wlth g￿1 energy to make us 'fit for the future, eSP8cially in s￿h challeroing and un￿rtain time5. 1 also welcomé Cathy Schofteld. Garry Luxford and Rebecca Gray 88 Trustees. Ixing excellent skills and experien￿ to b8nefit the organisalion. Desplte all the challenges thrown at us, our purpose remalns true- to enrich and enhance the livès of those wa work wllh. l am proud of the fact that continue to make a pO￿tiVe difference for so many in our local communities and recelve such excellent feedbad(. Our SeThi￿8 contlnue to be in demand as Ilfe for carers becomes ever mor8 thallenglng in the UK. Over the t))ur88 of the year there have also been some h￿hlIghts.. Our unpaid carer 8UPPOrt servlc8 contbnued to thrive with staff holding 12,209 ca8ework meetings wllh carers and 2,329 carers receiving a th)rough review of thdr caring ro￿ and wellb8lng with a re8ulllng action plan The value of groups has been shm viith over 4.6(K) attendanc88 We have increased the n(Nnber of carers acce8slng ow Selby seNce by 17% viilh 366 earers attendlrg groups. Our work wth young carers has thiived with 1,847 attending acltvitias in Bradford and North Yorkshire and an increased number ofyoung carefs accessing SUPPOrt services Our Home Irom Hospital Services supported a totsl of 4.136 people and our Bradford hospltal based Carer NavlgaloT se￿￿ received 465 referrals 1.432 digital inclusion sessions were run supporttry 263 indlviduals to understand dlgltal tschnobjgy, which is key for unpald carers, as so much ofwhat they need to atxess is In dl9ital fomiat CQC regulated has se8n growth in managed (*rect payments services Our website, whith was updated and relaUnd)￿ last yéar, continued k) be well received wilh 63,097 pagè Th8 Care We retsined our hvestmenl in VolunteersAward THE CARERS. RESOURCE CHAIR'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Over the year we have been supported in maknng thanges by our clients and the loro-term contracts we hold continue to glve us the foundation on vthlch to move forward. Of Lxwrse. rnuncils and the NHS are also under pressure and that has been reflected in the de￿IonS they have had to take regarding fundin9 availablltty and Ilmlted rate increases, but we continue to work well together to benefft ￿r￿s. As we look ahead, 20242025 will be a year for reselling our fO￿dationS and planning our way ahead for successfvl future. We are also reshaping our governance and financial planning processes to help us charter our way through such turbulent limes. guiding prin¢iple for all decasion maklng Is to effectively support as many unpabj carers and cared-for people as we possibly can and those retuming home from Inpatient hospital stsys who are belng supported by our services. I would Ilk6 to take this opportunity to thank th8 Trustees, who vc4unteer their tlme and share tkElr knovAedg8 and 6xperlise 80 freely, which has been so critKd over the cours8 ofthe last 12 months. Finally, I would Èspecialty like to thank our staff arvj volunteer8. have conlinued to commit themselves to thosa support dèsplte the various challenges 8nd thanges we have faced. I kn¢)w we are all proud of what Is achleved every day to improve the Ilves of olhers and that can onty be achleved through your dedication and commitment EAJones Chalr Date.. THE CARERS, RESOURCE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The tfustees present thdr annual rep(Kt and finarKaal statemanls ItN the year ended 31 Marth 2024. The TTUStees have adopted the provislons ol thg Statement of Recommended Practtce (SORPI 'Accountlng and Reportlng Charities. (FRS 102) In preparing the Trustees'Annual Report and finanaal slalements. The financlal 8tstemenls have been prepared wi accordance ￿th the acLX)unting pol￿eS set out in the notes to tho accounts and comply with the Charity's governing document the Charities Act 2011 and Charilies SORP {FRS102)'. Aco)unting and Reporting by Charities.. Statement of Recommended Pradic8 applicable lo charities prepallng their accounts in accordance with the Finandal Reporting Stsndard applicable In th8 UK and Republic of Ireland. ObJe¢tlves and actlvltles The Carers, Resourc8 gNes tailcfed support informallon to ￿paid carers and those in ne￿ of care and support. 11 Is an independent, award Vlqnning Yi)rkshlre charity Is open to 8veryone and offers emollonal and pradcal help to enable them to cope positively with their cariro responsibilit We ex18t to: • work wilh and for carers and wlnerable people, promoting awareness of thelr needs provlde Information. advlce and supwrt lor carers and those work wth them support other organisatb)ns. statutory and iThJependent, In th￿rwOrk with carer8 Wo offer an Independènt. èxport 6wvl¢e fo¢u8od on carer8: for all carers, Includlng parent carers and Y￿n9 carers: a Cxmiprehensive, free, non-ludgamental and confidential service to provlde a ¢ommunlty-based semce thal d8llv8r8 care and support. to énhanca quality of Ilfe for planners and commlssioners: an effident. eff8CtiV8. quality servlce provhllrKJ information (qualitative and quantllative) proving the valuè of supporting carers and vulnerable people lor provlders: partnershlp V￿th an experienced. prcjfesslonal team focused on working ￿th carers vulnerable people lor our stsff.. a supportive and creallve environmenL valulng their unique 8ki118 and their commitment lo carers and vulnerabl8 people We are ctsmmltted to: Involving and eMp￿Ne[Ing cwers and vulnerabl8 pwle in develorArKJ and inftuendng our own and olher services • athievlng recognilion for èvéry wer and vulnerable p8rson and promotlng equal opportunities • improving the quality of life for carèrs and v￿nerable people • addresslng th8 training needs of carers. vulnerable people and supportlrvj organl6ation8 responding to percAived and Idenlified carers and vulnerable people working in partnership wth other organlsatlons influencing the plannlng and commlssioning of mainstream, carer and v￿nerabl8 peop18 sensitive Services We speclall$e In hdplng carer8 and those kn Med ol care and suppo We bglleve carers need support and tlme for themselvés. We conflrm that we have referred to the Infom)ation contained in the Charity Commlssion's gen￿al guldance on public benefit then reviewlng thè Chartys aims a￿1 obiedives and in plannlng future activitles, THE CARERS. RESOURCE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT The challenges facing both thè population arKI the health and care system have become ever more acute over the course of the lasl 12-24 months. At an eojnomic level, people are signlficantty worse off and oftèn stru991ing to meet the costs of day-tO&day living. At the same lime our health and social care system continues to juggle wÉth fundlng and serwce restrictions, spendiw less in real teryns on those communities who need the greatest gupporl. Nowhere are these factors more sharply felt than for unpald carers and other v￿nerable people that wè assist. Life for them has become extremely challenging 8nd there is little wder support available. Ov8r the course of the lasl 12-18 months, we havè ￿perienced a signifi￿t adverse Impad in the fom of a 'perfect stomi, for both the seL*)r and Carers. Resource. Notably, whilst we havè ttJntinu6d to provlde excellent services to unpaid carers and those in need of domiciliary care (through Care@), the level of bJnding Ihat most rAwndls can afford o)ntinues to fall sharply kn real terms. Restrictedlzero contract prlce uplifts, withdrawal and reduction in ￿ndIng and a ￿gnIfiCant[Y incT8asin9 ￿81 base (via national Ilvlng wage and rapldly grown9 operatlng costs) means that thè financial vbabillty for the sec*or Is under major pressure. Throughout the year 202>24. Carer8' Resource ha8 conllnued to provide hlgh quality servlces arKI recelved excellent leedback, at a time when support for unpald carers is more important than 8v6r and we are seeing greater nead for servlc£s. Unfortunatety, lh8 number of or9anlsalbns that people can be slgnposled to contlnues to reduc8 CA)mpared to pre-covld levels. Llke others across the sector, we are brldglng more aTrJ m¢)re gaps in the health and care $yslem - most notably In transfers from hospltal to the horne envlronment where tar8 packages are slow to b& pul in ￿ace {Sf al al). which demands more from our people and more of our resoLYce arKI Ilme. Thls combinatlon of factors has had malor thrse knplcalons for Carers. Resource in 2023-24. INth a refresh8d board ol Tiustees and new execulive18adership ioinlng the organisauon from April 2024 {CEO and, later, Head of Flnance), an urgent re￿8W was undertaken. This resulted In the need to renegotlate the scope of some commerrial cnntracts, withdraw unfunded services. whlth are no longer affordable, and also undertake a slgnificant internal réstrudure in Summar 2024. in or(ler to sustain the 0rganlsatl￿ into the fiJlur6. ThlB has proven to be a v8ry difficult period for the organisallon and redundancies were made Imth a heavy heart. It is worth noting that more recent Government pdicy and tsxatl¢X plans Trmll further iThJease thls pressure from 2025 aNI ongoing work for the se¢tor Bs a whole ￿11 be cruclal If It b to be sustsinable. In addlflon, pressure on our pald-lor ¢are divlslon - Care@ - contlnues to grow. Fundlng uplifts conllnue to track below Inflallon, particularly given the increases in National livlng Wage and other sustalned cost Inflauon post- COVID. Thls is an area of the organlsalion which will b8 undergoing 8 Cost-efficiency revlew In 2025. Nevertheless, our dients and commissicrErs have supported us as have made the nécess8ry changes for a sustain8ble futur8 and, looklng ahead. the fad that many ol our contracts are now secjjrèd until at least 2028 has given us a ba$ls on whlch lo strategicaly reset the organisaii¢Jn for th8 future lMd￿ the prevailing economlc outlook. Allgned to this. at a tlme of ongoing eo)nomlc and healthcare system uncertalnty, our review of the govemanGe of the organlsatlon in 2024 has identified areas of enhan￿rnenl. Under our new executiv8 leader5hlp, there is currently work undeway to redefine the governance model and controls frameworks across the organlsation. THE CARERS, RESOURCE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENTS AND PERFORMANCE Asummary of the work of the Charfty over the year is set out below. In 202$4 our SUFPOrt Stsff had 12.209 casework meellngs car8rs and 2,329 carers rècèived a thorough review of their c4ring rc4e w811being vith a resulting aclitM plan. Vèhlch was then carried out and 687 carer cards were issue The number of attendances at groups and acllvities Iweased subslantiajy to 4,613 1.432 dlgil81 Inclusion sesslons were run supporting 263 indivithjals over 55 to understand dig11 technology. In our Young Carer SeNIc£8, Selby saw a inuea8e In young carers a￿$$￿19 service8, North York8hlr8 saw a 9% inuease overall and Bradford supwted 1,105 carers Our Home from Hospital SeNlces op8rate across Bradford Dlstricl and North Yorkshire, {worktng in partnershlp ￿th Carers Plus Yorkshlre to cover the vthole of North Yorkshire). These servi￿5 ar8 recyjgnlsed as playing a fundamentsl role in keeping people at home In the short to medium term after b6ing dischaiged from hospitsl. The teams report a significant increase in the complexlty of need. l)ut nevertheless conllnue to exceed targets. Thls year we were given additional fundlng to asslst hospitals with Bystsm pressures du8 to demand. Our Home Hospltal Servic8S SUPPOrted a total of 4,136 people, 3,004 ofthese were across North Yorkshire and 1,132 in Bradford. Our Carer Navigator ServTce whlch opèrates In Bradford and Airedale Hospitals contlnu6d to perform well. Our staff work directly with Inpatient famllies when it is apparent that thé patlènt is going to need slgnlficanlly different care arrang8ments once they leavè hospital. They help families understand Ihe option5 avallabl8 and ensure that the views and sltuatlon of the famllylcarer are clearly articulat￿, then a plan of action is drawn up with the familylcarer to achieve a PDsltive outcome whith meels dlscharg8 tlmescales. Th18 serwc8 réeélved 465 referrals In 202&4. Care , ihe CQ&ragulated se￿iCe withln Carers, Rèsowce. has fa￿ challenges thrOugh¢￿t the yew, th Increasing demand and ongoing re¢rultmenl dlfficulties. cO￿d and flu spike5 continu8d to Impact seNice delivery al limes, with severdl surge8 affectlThJ operations. HovEver, we hav8 seen growth In managed direct pwents, empowerlng indivii*Jals to make dK)Ices and mana90 their budget$ wth our support. Changes to the Inspection process and the shlft to a fulty digital solution have wompted Ihe 8ervlce to explore options to ensure fiJtur8 compliance. The service remain8 committed to providing wality care, ensurlng that each indivklual's n8eds remain a top priority. We run a number ol events throughout the year to raise awareness of unpald caring and to 8UPPOrt Ouf volunteers - key fo￿5 polnls Induded:_ Volunteers Vveek, 1st-7th June 2023, where we held a number of sowl events to thank our team of 140 volunteers who pay a vital Fole In th8 charity across Bradford. Harrogats, Cra￿n and Selby. Carers Week. 5tFF11th Jung 2023, had the theme of 'Recognising and Supporting Carers in the Community,. SGores of local organisalions, politicians, council offic8rs, heatlh offic4als, buslnessés and community group5 Ilocked to the Carers, Resouro offices during the week, to find Iwt how thèy could better support unpaid caiers and stafffv01￿teerS held stsnds in supèrmarkèts. Activities were held for Carers across Bradford and North Yorkshtr& Carer's Rights Day 23rd November when we hekl events at dl our locations. Carers were keen to shwe their thoughts., many spoke of the issues they fac8 dally. Comments induded.. Yhe system is broken,.; 'The biggest challengo k knowing where to go and who wlll h81p you get Ihe support you n88d to help you care,. and: 'Voluntary carers are treated as 'nolhing'. Many carers talked aboul the difficulty of getting respite care, or any tlme to themsélves. One carer said.. -As ￿ unpaid carer full time. I go hungry every lunchtime. I rAre for my mum 24 hours a day. 7 days a week. Comments were anonymised and collated then fed back to local authorities in order to inform ￿1r seplice plannlng. THE CARERS. RESOURCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 BENEFITS TO THE PUBLIC FROM THE SERVICES OF THE CARERS. RESOURCE Natlonally. it is L%1￿[ated that carer5 save tho ac0￿1￿Y £1K2 bllllon ￿r year (rou￿lY equivalent to g secorKI NHS In terms of annual spend). Across the UK tc*Jay 6.5 mllion people are uwld c8rets- supporting a loved one who is older, disabled or serTously111. For many pet)ple Garing. il is what they do. It Is part of their life and théy don't give themselves the label of carer. The challenge for Ihe organisalion is to reach out to these people to ensur8 that they know that svrport is available if they need it. Lessons leamed from the experiences In the pandem￿ mean that there is now a much wider range of ways to engage with the organlsation. induding excluslvely by phone. by virtual meeting or through the website. An 8am to 8pm 8ervlce is offered and services are shaped to meet the needs of Indlviduals. There Is no charg8 for any of our servi￿$ thus reduang as many barriers to access as is possible. However. profile raising In the local medla Is a key strategy to try to remind different 8edions of our communities about the role of carers in our soclety. Examples of the support provided Incjude.. Informatlon and advlee: Informatlon and advi¢8 contlnues to b8 a key plllar of the services offered, atressèd by telephone cx In person or Ihrough the website. Our electronic library NELLY ènables staff to access up to dale Information easily and quickjy vthi15t engaging with carers. and énsures that all Informatlon given is current. One-tO•one support: For many carers, meeting peopl8 outside of their home Is a major undertaktng so we continue to offer home visits. For others. they are happy to meet In a different setting, we utlll88 range of local community venues as well as our premises. The key tool we use when meeting one to or Is the.. Wellbelng Revlew whlch offers the opporturlty lo disc￿55 their caflng role in more delall and éxplore how It Impact8 on health and wellbeing. It Is es8ential to carers lo support them to identlfy thè things that could make thelr caring role more manageable. Group Support. The number and range of groups we offér has increased slgniff¢2nlly thls year. We Tecognlse that for many carers whère loneliness and Isc4allon is a factor, regular attendance at a g roup ¥Mlh other people éxperlondng many of the same rthallenges may be rnore beneficlal than one to one 8UPPOrt. Support to navlgate the hMlth and care 8y8lem: For many carers the health and car8 system is baffllng and they experlence serlous stress when trying to navigate th8 system to ensure that the person they are caring lor is getting th8 services they nead. Th8 level of unmet need In this area Is growing and are developlng expertlse to meet this. Support for famllles and ¢arer8 when people are In hogpltal. Carer Navigators based In Iwo Bradford hospitals support families to make appropriate affangements for vthen patlents are medlcally flt for discharge 80 that they are able lo leave hospllal in a iknely fashion. Emergon¢y plannlng: Contacts and pr￿edureS in cas8 of emergencies, eilh8r lh8 carer or the cared for person are set up for eath person vtho requiros it, givlng peace of mind when carers are away from their qring role. There Is help wlh109kSti¢s and advlce on to invdve and how. Applylng for Flnanclal Support and Fllllng In Fomi8: Carers are referred to qualified beneffts advice projects where they need speaalist advice, ht)wÈver carers often stfuggle to wmplete appllcallon forms and staff help them. offering suggestions #i tenns of the information reqU￿ed. There are also a number of grants that carers may be eligible for. some administered by the organlsalon and others by organlsatlons th vthom we work in partnership. THE CARERS. RESOURCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 This year we have admlnistered Carers Wellbelng Grant: A siaff member dlscusses with an individual what might ease the strain of caring for them and a recommendatlon is made for a small aMO￿t of money that pays for a hobby, a treat or a relaxlng activity to g6ve the carer S¢Jmething themselves. Household Support Fund: This meets needs of carers vtho are 8xpertendng real hardship, ether due to Ihe loss of an essenual item required for day to day livlng. for examplè a cooker or fridge. or where ther8 is not enough money to adequately feed the household. Emotlonal #upport: As feelings of lonelness and Isolati￿ hav8 gro￿ so has the need for emofjonal support, despite the difficulty many people have in ask'tng for IL Thé inodence of carer8 calling in Sn real dlstress continues to be high. Sltuations hava also become more complex, and slaff were challenged to find ways of supporting people when often the needs were for the cared for per80n. Support for Famllles Families In which carlng Is an Issue (Ithether Et Is a chld carlng a parent or grandparent, a parent carlng for a dlsabled child or issues where siblings are c￿Ing kn a brother or sister vlth a disat411ty or ill￿$$) receNe hollstlc support. The comprehenslve service indudes: Young Carer Supportr. On referral all young ￿er8 meet wth staff to assess the ImparA carlng 15 havlng, allowlng the right level of Serv1￿ lo be offereA. There are then a numbèr of options: OM to one support for young orers goiry through particularty t￿PIlengIng Ilmes. Evening youth groups with a fang8 of actiwtiés plus dISc￿S￿On8 and one to one support. Trips and a¢livilie8 duriro sthool holidays to reduce soclal Isolati￿ and Inueas8 r8slllen￿. Soclal media pages webslle for peer suprth and Infomialion. Support for parents: Information, advice and support for parent carers and parants who arè being looked after by thildren. Support with applylng for benefits, establishing support seNices and emotional 8UPPOrt includlng closed FaeetKJok group$ and group meetings, Break3, trlps and actlvltles: Day trlps, pradcal and emotional support to ease the pressureB resulting from carlng reSpOns￿l￿ties. Volunteern: Many caiers and vulnerable older people benefit elther by recei￿ng help from our many volunteers, or by offering to rk as a volunteer ￿th us. Our volunteers underpin all of ow servlces, addlng valuable extra Support for the organlsatlon and diièclly to our clients, Volunteers help with: Admln and offlce Y￿r￿. Helplng our offjce run more efficiénlly by taking on addltional officè tasks. Communl¢atlons and IT Support: Helphg with the production of Choir*s, wlth website content and other IT support. Carlng ¢pllers: Telephonè 8UPWt f￿ carers. A Irlendy phone call is often a Ilfellne for those isolated by thelr caring role. GrouplAcllvlty support: Supportlng staff and carers at lunche5. groups, tiips and activities - both for adult and young carers. Befrlendeys: On&ttrone sUp￿rt for lonely carers. in their h)me or out in the eommunrty. Thls helps ralse thelr cnnfidence and independence and grants Ihem a bre&k from caring. Fundralslng & events: Helping wih events, thoosing Carers, Re￿)Ur￿ for sponsorshlp or fomlng satellite ndralsing groups ail help provide addtbonal funds to support carers. THE CARERS. RESOURCE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Slttlng se￿l¢e. Volunteers offer a regular sitknng Service to enable carers to take a break knowlng the cared for person Is having quality Ilme at home. Whilst many volunteers do sit at home with people others go out for walks, a vislt to a local café or to enjoy a hobby. A journey through Carers. Resou￿ can tnvolve as much 6WJF#Nt from eath team as Is appropriate, wth carers often accessing support fiom more than one team at any one time. This glves th8 dient a comprehensive. person ntr￿. professional end understanding support seprflce that Pwefully enablès Ih8m to contlnue caring whilst still lookir)g after their own health and wellbeing. FINANCIAL REVIEW The statement of financial act6vltl8s fsoFA") for thè year is set out on page 17 of the financAal statements. The Charity saw a decrease In Income in a very chdlenging finandal year. Although our main fun￿ conlracts o)ntlnued lo run we dld not galn cosl of living Incxeases on Gontract prices from all our Commissioners and some prcjèct and pilot fundlng was wihdrawn. At the sP￿e tlme supplementary grant funding and major donor furKling was harder to secure. Thts year saw a total income of£4.426,595 (2023 £4,687.077) The expenditure was also hlgher than previous yèars and there was a signlficant inuease in i)ur cost base {resulting from headcount increases associated with our previous growth, o)st of living increases aThJ rapld cost Innallon), whith was not accurately provided to the Board for appropriat8 and ts'mely ￿tIOnS lo b8 put in place. Thi8 resulted in a total expenditure ol £5.104,242 (2023 £4,757.049) The overall result was a complete dep18tlon of our ie8erves and a need for carefvl cashllow managemenL A recKJvery plan was devlsed and adlon8d after the year ènd for these acts)unts. As part of the rnanag8m8nt ol risk, thè chartiy sets a8lde some of Its Income to form a rés8N8 to cover any shortfalls In funding and to take advantage of changes and opportunities. The Carers, Resour￿ 1$ experienced In managing both short-tem an¢J lonuktemi funthng stream& Our Reserves policy was adopted with a figure of £3CQk, whlth takes into attount conlradually corrmitted expenditure Irom lease and partner agreements, 60 days. operational expenditure and statutory rédundancy (excluding actlvlty which would b6 subject to TUPE). Due lo lactor5 dl8CUSS8d in thls report at 31 March 2024 our totsl reserves have fall8n to £-187,487 {2023'. £490,160) how8ver, our alm going forward Is to re-build our r8sep4es bad( to pollcy18vel as quithly as possible. Thls wll be dosely monllored through our FInar￿ Risk and Audlt Committee monlior arKI report to the main Trustee Board. THE CARERS, RESOURCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 PRINCIPAL RISKS AND UNCERTAINTIES The Board of Trustees takes the issue of risk serf(iusly and mitigates risk by regularfy revlewing and monitoring processes and ensuring conllng8ncy plans are in place UYou9h engagernenl with executive leadership. The nalure of the organlsation means that risk Is a key factor to be o)nsldered *ith al new and ongolng pieces of wotk and a strategic risk r8gister is in place and regularly reviewed. Tha senior leadership team continues to seek diverslfication of fundlng and activities in line wlth Ihe organlsatlon's core fundons. Intemal control and re9ulatory risks are manag8d by the imFlementation and monlloring of detsiled pr0￿dureS. Intemal risks continue to be managed by the Inwlementation of procedures In pursuit of bast pradFCe. The key risk5 and responsè that the Charity has identified are as belovr.- Fundlng Rlsk: There continues to be a competitive environment for our wedomlnantly ￿ntract based funding - b¢)th within the Carers, Resouw* chariiable activities and the Care@ pal¢&for care dlvlsion. The Trustees are owar8 of the neéd to deafly demonstrate the value and benefit that our prqects deliver. ReguLir assessment Is In place to ensure that we meet our objective{s) and that we o)mmunlcate 8ffedivdy to our funders. We are also proactive In seeklng out new opportunities, where appropriate. AdÉv6 cash flow managemenl and dedslv8 action plannlng is also key to ensuring that we stay Vlable In case of kiss of fvndAng. Flnanclal rlsk: To ensure against the posslbillty of frawj or rnismanagement of the Charity's finances. there18 system of Internal controls, refre$hed management aco)unts are monltored by Trusteos. an external audlt 18 performed annualty and a whlslle blowing procedure 18 in place. A gov8mance revlew has Identified areas of enhanr£ménl and a new governance model arKI controls framework 18 in devek)pment for launth In 2025. Thi8 Includes a FInan￿, Risk and Authl Committe8 belry laurthed In 2024. Reputatlonal rlsk: operat￿al processes and procedures are In pl￿ to rethce th8 possibility of damage to reputstion - this Is monltored through rèports from the CEO to Tnjstees. Regulatory atxountabllities with CQC in partlcular are managed vla Ihe Care@ business head and revlews undertakén as part of the CQC Inspection programme. The Car8@ bu8lnes$ also has In-depth supervision and quality control processes In place. Safeguardlng.. Safeguarding18 taken extremety seriously: 811 staff re¢eNe regular tralning and dlscuss issues In regular supemsion sessions Any posslble Issues are responded to Immediately, followng dear policies 2nd procedur8s li line wlth local authority requlrements. IT Syslem Fallure and data protecllon: A hybrld of seThEr and d¢wd-based provision Is in place to protect data and prowde back up in case of system failure. Stsff re￿ve data prole¢ilon training with reporting of breaches required. COVID 191Pandemlc. The organisatlon has m¢)ved to a more bl￿ded approach to ddNering servlces whlth enable It lo respond positively to any nalional or regional directives as to lockdown or other reslrictlons on population movement. THE CARERS, RESOURCE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Plans for fulure pèrlods The organ15ation has a clear sttstegy that Is focussed on b￿ng the 'go to. organisalion In our geographical area for unpald carers and others in need of support. This remalns paramount in our plans going forward as the need for support for unpaid carers continues to grow. We also need to work across Ihe sector to raise the profile of unpaid carers as we know Ihal of them feel Ignorèd unvalued by dedsbn maker& The outlook for the economy and also the health & carè sector mean that we musl ensure the charity is 'fil for the future, _ in terms of people, process and technology - bullding on Ihe foundations we have set in 2023-2024. This includes the CaTe@ buslnass as well. which wlll be reviewed In 2024-2025. We ￿11 also redefine Our governance model to Improve its effectlven8SS. The en9agement ol carers and others in the deslgn delivwy of Carers. Resource servlces Is Important In ordèr to remaln responsive and In touch wth need and thls continue5 to be an area where we try to innovate in order to engage as many people as possible. cr￿¥allY, as part of that, we must ensure that we reach out to ail the diverse mmunities that we cover and are represenlative withln our organisation. Structure, governance and management The Company was incorporated on 9 May 199S und8r a Memorandum ofAsswallon vthlch 68tsblished the ob5ects and powers of the Charitable Company and is govemed under itsArticles ofAssociation. The C￿1panY is limited by guarantee with the Ilability of members In the event of a *fjnding up being limited to £1 eath. Charlty Govomance Code The charity has undertaken an initial r&vlew against the new 2020 Charty Governantx Code, to develop best practice. Thls has identified a number of areas for improvement of the wvemance and ￿ntrOl$ framework. Work is underway to establish a new governanc% model and controls framevrt)rk. bthl¢h will be rewewed against the 2020 Charity GovernanrA Code on a regular basis golng foThvard. New Trustees had Induction traSnlng kn ihe year. The trustees. who are also the dlrecknrs for the putpose of company law, and ￿0 served du￿ng theyear and up to the date of $lgnature of the finan(yal statements were.. Liz Jones (Chalr) Sarah Shaw (Vice Chalr) Julla Lisler Corinne Jeffrey Damlan Boddy Slmon Arnold John HayNard Robert Slmpson Julie Lawlor Garry Luxford Caiherine Sthofidd Rebgwa Gray (Reslgned 9 Juro 2023) (Resigned 18 January 2024) (Reslgned 20 October 2023) ppoinled 25 May 2023) {Appolnled 25 May 2023> (Appointed 25 May 2023 and Teslgnad 21 September 2023) (Appolnted 25 May 2023 and resigned 3 September 2024) (Appsnted 21 Marth 2024) (Appointed 21 March 2024) {Appointed 12 June 2024) 10- THE CARERS, RESOURCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 RECRUITMENT AND APPOINTMENT OF TRUSTEES The Trustees all have professional andlor commercial backgrounds with a range of complementary skllls Including a number with a health Servi￿ andlor care sector background. Truslees are required to rettre by rotation. In the event of particular skills being lost due to retirement, new Trustees are recruited following Corporate Governance Policy guidelines (8.2 Recruitment of Trustees and 8.11 Board and Suk>Committees Composition and Arrangem8nts Pdicy). The roles are advertised vla ow website, newslett8r and soaal me(lia, foll¢)wad by a recmltsnent process. A review of Ihe skills and chara¢Xertstlcs required for thè Board of Trustees wlll be undertaken In 2025 (indudlng from an EDI perspective). A skills audit of the current Trustees wll be wmpleled as an input to thls work. Trustees Inductlon and Tralnlng Al trustees are pro￿ded Wkth relevant documents indudlng the Charity Commlsslon guidance 'Thè Essential Trustee" Gen8rally. Trustses are familiar with the pradical work of Ihé Charity prior to appolntm&nt. New Tru8te8S meet with the senior leadership leam and fellow Trustees to famlliarise themselves with ihe work and structure of th& Charity and the obligation5 of Truslees in line wllh an ind￿li0n programme. Board Performance As part of the new governance mdel, performance revi￿ pdnciples and processes will be set for the BI￿rd of Trusts85 In 2025 to enablè It to review its performance tyi a robust manner ￿ a regular basls going forward. The Board continues to be open to the possb511ty ofuThJertakin9 peer r8vl8W With ani)ther slmilar Board of Trustees. Dlvarslty Carers. Resource prides itself on offering a seNice to all carers and vulnera￿& people regardless of their elhnlcSty, age, gender or sexual orientation. Tha Board ol Trustees works hard to reflecl the diversity of the populallon CaTer$' Resource serves In Its membershlp, and where appropriatè, speafically looks for new members vtho can bring an added dlmension to the membership of the Board. As part of the Trustee 8kllls review proce88. a PartI￿ar focus wlll be Plac￿ on how to make the Board of Twstees repres8nt8tlve of the communltles that we serve. Dotalls of organlsatlonal structure and how de¢lslons are made Straleglc declsions are laken by the Board of Trustees. advised by management, whlch meets formally at least six mes per annum. Thi5 indudes the management of Care@. ￿OSe Governance Board was dlssolved in 2023 to ensure that all trustees We￿ fijlty engaged in its oversi￿t and key declslons. The Trustee Board meets with thè audltors to dis￿65 thdr findings, At other Umes the Twstèes vall be involved In dedslon making andlor advising management as ne￿ry. Operatk)nal matter8 and day-lTrday declsion mabin9 ar8 vested kn the Chief Executlvè Officer (CEO) and supporting Th8 new govemance model Is expe(#ed to result In delegatton of certaln responsibilibes to variou8 sulFcommltte8s, which wll ensure more effective control and timelin￿ of decision-making. Arrangemonts for 80tt1ng pay ¢rf key management personnel The key management personnel are the CEO and all Heads of SerNice, with authcKtylr8sponsibilty for planning. diredlng and contrdling actfvitie& Ramuneratlon for the key managernent persornel Is reviewed ty th8 Board of Trustees In linè with the annual pay r8views (paid from April). Further appraisals (e.g. probatlonary rewew. 2-ye8r r￿aw} are pald In line with the pay policy, and again reviewed by the Board of Trustees. Audltor In a￿ldance with the companys articles. a resolution propo￿ng that Holeys UM1t￿ bè reappointed as auditor of the company wdl be put at a General Meetirig. 11 THE CARERS. RESOURCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Dlsclosure of Informatlon to audltor Each of the Irustees has cnnfim)ed that there is rKI information of whlch they are aware whlch is relevant to the audit, but of which the auditor is unaware. They have fLrther confirmed that they have taken appropriate steps lo identify such relevant infomiation and lo establish that the auditor is aware of such Information. The trustee8' report was approved ty the Board of Tfustees. Liz J¢Jnes (Chair) Tru8teo 29 January 2025 12- THE CARERS, RESOURCE STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 31 MARCH 2024 The tfustees, who are also the diredors of The Carers, Resource for the purpose of company law, we responsibl8 for preparlng the Trustees, Report and the financial statements in accordan￿ wlth applicable law and United Kingdom Aco)unting Standards (United Ktng(k)m Generally Accepled Accounting Pracbtsl. Company Law requlres the trustees to prepare financial statements for each financaal year whlch give a true and falr view of the stale ol affairs of the charrty and of the incoming resources and applicatlon of resour￿8, induding the incomè and 8xpendituie, of the tharilat4e company for that yw. In preparing the8e financial ststements, the trustees are rewired to.. - Select suitable ar£ounting poliaes arKI then ￿PIY them conslstently; - observe the methods and prlndples in the Chaiities SORP; - make judgements and estimates that aro reasonable and pnhjentr. arKI - prepare the firkqllci81 slalemerts on the going ¢0￿M basis unless it18 Inappropriate to presum6 that the charlty 11 continue in operallon. The trustees are responslble for keeplng adequate accounlkng re￿rdS that dlsdose with reasonable accuracy al any time the financial posillon of the charity and Énabl8 them to ensure that the financlal stalements comply with the Companles Ad 2006. They are also responsible for safeguardlng the as5els of the charity and hence for taking reasonable steps for the prevenllon and detection of fraud and olher Irregularities. 13- THE CARERS, RESOURCE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CARERS. RESOURCE Oplnlon W8 have audited the financial statements ofThé Carers. Resour￿ (Ihe 'charityJ for the year erKled 31 March 2024 which comprlse the stalement of financial adivities, the balance sheet. the statement of cash flows and notes to the financial Statements, indudlng signifjcant accounting policies. The financ4al reporting framework that has been applied in their PTepafation is ap￿ICable law and Unlted ￿-ngdoM Accounting Standards, induding Financlal Reportlng Standard 102 The Financial Repo￿ng Standard appliGabl8 In the UK and Republic of Ireland (United lQngdom Genèrally Accepted Accounting Pr*lcè). In our oplnion, the financial statsment8: give a true and fair view of the state of the dlarltable company's affairs as at 31 Mafth 2024 and of its incoming resourc8s and application of ffjsources, Including Its Income and expenditure, for the year then ended; have been properly ￿pared in acoydartt with Uniled lfjngdom Generally Accepted Attountlng Praclits., and have been prepared In accordance ￿ryth the requtrements of th8 Companle$ A¢1 2006. Baslg for oplnlon We ujnducled our audit In accordance with Intematlonal Standards on Auditlng {UK) {ISAs (UK)) and appllcable law. Our responslbilitie3 under Ihose standards arè further described in the Audilorfs responS￿lI1t1&S f(Y the audll ol the flnanclal statements sectlon of our report. We are Independent of the charity in accordance with Ihe ethical requlfements thal are relevanl to our audlt of the financial stalements in the UK. induding the FRC'S Ethical standard, and we have fulfilled our other elNcal responslbllilies in accordan￿ with these requlrement5. We believe that the aud6t evidence we have obtsined Is suffiaent and appropriatè lo provide a basis lor our oplnlon. Con¢luslon8 relatlng to golng concern In audlling the financial 8tstements, w8 have Conduded that the trustse8' use of the going c<¥ncem bas18 of accoUn￿n9 in the preparation ofthe financial statements18 approwlate. Based on the work w8 have performed, we have Mt ￿entified any material uncertainties relatin9 to ev8nts or cx)nditions that, indlvldually or Co1￿ctIve1y. may cast 8lgnlficant doubt on the charity's ability lo continue a8 a going C￿cern for a perlod ol at least ￿1ve monlhs from when the finandal statements are aulhorlsed for issu& Our responslbilities and the fesponsibililies of the truste85 With respe¢a to golro concem are describ8d In the relevant sectlons of INS reporL Other Infomtlon The other Information comprises the inlormation induded In the annual r8POrt other than the finartlal stalernents and our audltoff s report thereon. Th8 Iruslees are responslble for the Othér information conlalned wthin the annual report. Our oplnion on Ihe financlal statements does not cover Ihe other Infomiatlon and, excepi to the extent otheNise expllcitly stated In our report. we do not express any form of assurance conduslon thereon. Our responsibllity is lo read the other information and. in doing so, consider whether the other Infomiation Is materially inconslstent with the financlal statements or our knowleiJ¥ obiained in fhe course of the audlL OF Otherwls& appe8r8 lo be materially mlsstaled. If we Identify such material Inc(Jn51Stencies or apparent material mlsstatements, we are rèquired to delemilne whether Ihis gives Tise to a material mi55tatement in the financial Statèments themselvos. If, based on the work we have performed, we condud? that IheAe is a materlal missiatement of this olher infonnation. we are required lo rep¢)rt that facL We have nothlng lo report In this regaTd. Oplnlons on other matters pres¢rlbed by the Companle8 Act 2006 In our opinion. based on the work undertaken In the coutse of our audlt: the information gwen In the trustees, report for the financial year for which the flnancial slatèmenls are prepared, which indudes the directors, report prepared for Ihe purposes of company law. is consistent wth the financlal statements: and the directors report induded wilhin the twstees. report has be8n preparéd In ￿)rdance wth appllcable legal requirements. 14- THE CARERS, RESOURCE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE CARERS. RESOURCE MallevJ on whlch we ara requlred to report by exception In the light of the kn￿edge and understanding of the chadty and its envlronment obtalnéd in the course of the audit, we have not identified rnaterial misstatements in the directors, report included within the tiuslees, reporL We have nothlng to report in resped of the fc11￿￿ln9 matters in relatK)n to thich the Companies Act 2006 requtrés us to report lo you If. in our i)pinion: adequate accounling rewds have Mt bebn kepl C￿ retums adequate for audlt have not been réc8ived from branches not vislled by us- or the financlal statements are not in agreement with the accounting records and retLKns; or ertaln disclosures of tNstees' remuneration specified by law are not made., or wa have not received all the Infonnation and explanations we require for ow audit,. or the trustees were not entilled to prepare the financial statemenls In accordance wlth the small companies regim8 and take advantage of Ihe smell compatNes' exemptions in weparlng the truslees, report and from the requlrement to prepare a strategic report. Respon8lbllltl8s of truslogs As explained more fully in the statement of trustees, re8ponslbililies, the trustee8, ar8 also Ihe dlreclors of th8 charlty for the purpose ol company law. are responsible for the preparation of the financlal stst8menls and for being satlsfied that they giv6 a true and fair view, and for such Intemal ￿ntrOl as the Iruslee8 dèlarmine Is nece6sary to enable the preparatlon of finanaal statements that are free from material mlsstatèment, whether due lo fraud or error. In preparing the Ilnandal statements. th8 trustees we responsible for assessing the charity's ablllty to continue as a going concern, disdoslng. as applkabl8, matters relatéd to golng concAm and using the golng concem basls of accountlng unless th8 trustees elth8r intend to Ilquidate the charitable company or to cèas8 operations. or have no realislic afternatlve bjt to do 80. Audltorfs ro$pon8lbllltles for the audlt of the flnanclal 8tat6monts Our oblectlves a￿ to obtain reasonabl8 assurance about vthelher the finandal statements as a whole are free from material mlsstatement, ￿ether due to fraud (y error. and to Issu8 an audito¢s report that Indudes our oplnlon. Reasonable assurance Is a high level of assurance but is not a guarantee that an audit conducted in accordance th ISAS (UK) wll alvRys detect a materlal misststement when It exlsls. Misstatements can arlse from ffaud or error and are considered material if. Indlvldually or the aggre9ale. they ¢￿j[d reasonably be expected to influencA the eo)nomlc declsions of users taken on the basis of these financial statements. The extent to vthlch our procedurès are capable of detethg Irregularities. Including fraud, Is detailed below. The engagement partnèr ensured that the engagement team cdlectlvely had thè appropriate competen￿, capabilltles and skilbs to Idenufy or recognise rKJn-cnM￿Ian¢e with applicable laws and regulauons" W8 identified thè laws and regulations applicalAe to the company through discusslons with diredors and other management, and from our Gommercial knowledg8 and experienc8 of the care sector, We focused on specific laws and regulations vthich w8 considered may h8ve a dlrecl material effect on the financial ststements or the operation6 of th8 ￿rnPany, induding ihe Companles Acl 2006, FRS 102, Charlties SORP. data protactlon. ￿￿bribery and eM￿Oyment We assessed the extent of compliance wth the laws and regulations identified above through maklng enqulries of management and Inspécting legal correspondence., and thèse were communlcatèd withln the audit tsam regularly and the team remained alert to in51ances of non-mmpllance throughout the audit. 15- THE CARERS. RESOURCE INDEPENDENT AUDITOR'S REPORT ICONTINUED TO THE MEMBERS OF THE CARERS. RESOURCE W8 assessed the susceptibility of the companvs financial ststements to material mlsstatement, Induding obtalning an understanding of how fraud might oc£JJr by: Making enquiries of management as to vthere they considered there was susc8ptibility to fraud. thelr kn¢yMedge of actual, suspected and alleged fraud. ConsideTing the internal controls In place to miti'gate risks of fraud and non 32,384 (69,972) Transfers bebNeén fund8 4.811 (4,811) 24,239 {24.239) Nèt mov6ment In funds (719.473) 41.828 {877,647) (78,117) 8,145 (69,972) Roconclllallon of lund8: Fund balartss at 1 Aprll 2023 323,117 167,043 490,180 401,234 158,898 560.132 Fund balancas at 31 Mar¢h 2024 (396,356) 208,869 (187,48n 323,117 167,043 490,160 The slatement of finand81 adivities Inthde$ al galns and1088es recognlsed In the year. All income and expenditur8 derive from continulng actlvitses. 17- THE CARERS. RESOURCE BALANCE SHEET ASAT31 MARCH2024 2024 2023 as restated Flxed a880ts Tangl￿e assets 13 86.977 82.480 Current assèts Debt¢Jrs Cash at bank and in hand 14 264.911 440.135 493,273 539,492 705.048 1.032,765 Crgdltor8: amounts falllng due vAthln on8 year 15 (979.510) (625,085) Not current {Ilabllltles)la88ets {274.464) 407,680 Total assets le88 curr9nt Ilabllltles (187,487> 490.160 The funds of tho ¢harlty Restrlcled funds UnreslfiGted funds 18 19 208.869 (396,356) 167,043 323,117 (187,487) 490,160 The financial statements were approved by the trustees on 29 January 2025 Llz Jone8 (Chalrl Trustee Company registratlon number 03054273 (England arKI Wales) 18- THE CARERS. RESOURCE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from oparallng actlvltles Cash absorbed by operations 23 (49,383) {10,839) Inve8tlng actlvltles Purchase 0ftsngIb￿ fixed assets Investment Income received (49,974) (45,007) 22 Net ¢a$h used In Inve8llng actlvltle8 (49,974) <44.985) Nèt cash u8ed In Ilnanclng actlvltle8 Net decrea$e In cash and ca8h equlvalents (99,357) {55.824) Cash and cash equ￿alentS at beglnning of year 539.492 595.316 Ca8h and cash equlvalonts at end of year 440,135 539,492 19- THE CARERS, RESOURCE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Charlty Infonnatlon The Carers. Resource Is a prÈvate CA)mp￿Y limited by guarantee Incorporated in England and Wales. The reglstered Offi￿ Is 3 Grove Park Cowt, HaTrogate, HG14DP. 1.1 Aecountlng convenllon Th8 financi81 statements have been prepared In accordance wllh the charitys governing document, the Companies Act 2CQ6. FRS 102 The Financial R8POrting Standard applicable in the UK and Republic of Ireland. fFRS 102.) and Ihe Charities SORP "Aco)unting and Reporting by Charities: Statèment of Recommended Practice appllcablè to charities preparing their accounts in arxordance wilh the Flnanctal Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity Is a Public Benefit Entlty as defined by FRS 102. The financial statements are prepared in sterling, which Is the functional currency of the chadty. Monetary amounts in these financial stsI￿nentS are rounded to the nearest £. The finandal statements have been Fwepared urKler thg hISt￿lca1 cost conventKJn. The principal accwnllng pollcleG adopled are Set out below. 1.2 Prlor pèrfod error Th8 Trustees have Identified that there had been no aGLTual for holKlay pay or wages at prior perlod énds. The efféct of inclLKling these adjustrnents Is to irKrea8e acuuals by £113.199 and reduce reserves brought forward by the same amount. They have no effe(a ￿ the prior period surplus. In addition they idenllfied that ￿rtakn Im)me had b88n netted off vrages costs. Th18 has been redasslfi8d In the prlor period. The effect of thls adjustment Is to Inc*ease UnreSt￿cted ChaTilabl8 Income and Wages by £68,585. There is no effect on the prM)r perichJ surp￿8. 1.3 Golng concern The finandal statements have been prepared on a going concem basls as the tru$té6s believe Ihat no materlal uncertaintie$ exist. The trustees have consldered the level of funds held and the expecled level of income and expenditure for 12 months from aulhorising thès8 financial statements. The budgeted income and expendlture Is sufficlent wlth the level of reserves for the charity lo be able to Con￿nUe as a going concem. At the tlme of approving the financial statemènts, the trustees have a reasonable expedalbn that the charlty has adequate resources to tsJntlnu8 in operatlonal existence for ihe foreseeabl8 future. Thu8 th8 tntstees contlnue to adopl the goin9 rA)ncern basis of accounting in preparlng the financial stalement& 1.4 Charltablo lunds Unrèstrlcted funds are avallable lor use at tho dlscretv)n of the Trustees In furtheran* of the general objectives of the ChaTity and whlch have not been designated for olher purposes. Deslgnaled funds comprlse unrestrtcted fijnds that have been set 8side by Ihe Trustees for partlcular purposes. The aim and use of each designated fund is set out in the notes to the firlanctal statem8nts. Restricted funds are funds whEth are to be used n accordan￿ wlth speofic re8trlctlons imposed by donors or whlch have been ralsed by Ihe Charity for particular purposes. The costs of ralslng and admlnistaring such funds are charged against the spedfic ￿d, The alm arKI use of eath restricted fund Is set out In the notes to the finandal statements. R8strlcted funds are subled to specific condltions by donors or granlors as to how they may be used. The purposes arvj uses of Ihe restricted furKls are set out wi th8 notes to the fin￿claI statements. Endowment fund8 are subject to Spe￿fiC con(ltions by donors that the ￿pital mu* be maintalned by the charity- -20- THE CARERS. RESOURCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng poll¢les (Conllnued 1.5 Income All incoming re80urces are induded In the Stslémént of FlnanGial Aclivities (SOFA) when the Charity Is legally èntitled to the income after any performanc8 conditions have been meL the amount can be measured rèliably. and it is probatde that the income WIU bè received. For donations to be recognised, the Charity will have been notified of the amounts arKJ the soluemenl daté In writlng. If there 8re conditions attach￿ to the thnati¢)n and this requires a lével of pertormance before entillement can bè obtained, thén income is deferred until those conditions are fvlly met or Ihe fLrffilm8nt of those o)nditions b within the tA)ntrol of the Charity and it is wobable that théy will be fulfilled. t)onated faeillties and donated professi￿81 Sep￿￿$ ar8 recognised in income at their fair value then their economlc benefit is probable, it can be measured reliably, and the Charity has control over th6 Item. Fair value Is del6rmined on the basts of the valuè of the gift lo the Charity. For example, th8 amount th8 Chaiity would be willing to pay in the open market for facilitles and 8eNices. A corr8sponding amount Is recogrd8ed in expenditure. No amount Is induded In the financial statements for vdunteer tlme in Ilne with the Charilles SORP (FRS 1021. Further d8t8il Is glven in Ihe Trustees, Annual RepJrL Income from tradlng 8Ctivlll88 indudes Income éamed from fundraislng events and Iradlng activities lo raise funds for the Charity. Incnme is recelv8d in exchange for Sup￿ying goods and services In order lo false fund6 and is recognised enlillemenl has Oc￿rTed. Income ffom Ihe provlslon of charitable seTvl¢es and govemmént and othér grants 1$ re￿gnISed at fair value when the Chality has entitlemènt after any perfomance condltlons have been met. Ft is probable that the Income wlll be recalved and the Wr￿nt ean be measwed rellalAy. If entitlement Is not mot, then these amounts ar8 deferred. Inve8thient Income L8 eamed on bank deposlts and is reo)gnised In tho period In ￿1¢h It18 recelvable. C88h donatlons are recognised on recetpL (Xh8r donations are recognised cmce the charity has been nollfied of the donauon, unless performance conditlons requlre deferral of the amounL Income tax recoverable Sn relation to donations recèived Und￿ GIftAI'd or deeds of covenant is recognised at the tlme of the donation. Legacles are recognised on receipt or olh&rwise if the tharfty has been notified of an Impending (ti6tribulion, the amounl Is kn¢Y￿, and recelpt 1$ expected. If th& amoLmt is not knovm, the legacy 18 treated as a contingent asset. 1.6 Expendlture All expenditure Is accounted lor on an accwals basis and has been dassified under headings Ihat aggregate all costs related to the category. Expendlture is recognised where there is 8 legal or constfuctive obligation to make paymenls tr) third parties. it Is probable thal the settlernent wlll be required and lh8 amount of the 0￿￿gatIOn can be measured rellably.11 is categorised under the folb)wing heathng5'. • Costs ol ralsing fiJnds,' and • Expendiiure on charitab18 activities. Irrecoverab￿ VAT is chaTg&J as ￿ eXper￿e agalnst the adlvity for which expendllure arose. 21 THE CARERS. RESOURCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (Contlnued) Support costs allocatlon Support costs are those Ihat assist the Work of Ihe Charity but do not directly represent charitable actlvlt1es and Include Offi￿ costs. professional fees and govemancè costs. They are incurred directly In support of expendllure on the objecls of the Charity and indude projéL* management carrbed out at the Charity's Headquarters. Wiere support costs cannot be diredy attdbuted to particular headlngs they have been allocated to cost of [al￿ng funds and éxpenditure on tharitable activities on a basis o)n$lst6nt with use of the r8source8. Fun&raising costs are thosé Incurred kn sééking voluntary contributions and do not induda the Costs of dissemlnating infomab'on in Support of the charftable a¢tfvlles. The anatysls ol these o)sts Is induded in rnte 8. 1.7 Tanglble flxed assets Tangible fixed assets are knltlally measured at o)st and subsequentty measured at o)st or valuation, net of depreciation 8nd any impairment l¢)sses. Depredatlon is recognlsed so as tOthTSte off th8 Cost or valuallon of a88ets leBS the* resldual values ov6r thelr useful Ilves on the following bases.. Fixtures and equlwnent Over 3 to 6 years straight lkne The galn or loss ariswig on the disp08al o18n asset Is detemlned as the difference betsveen th8 sale proceeds and the carrylng value of the asseL and 18 le￿gnised In the statement of financial adlvlti¢s. 1.8 Impalmwnt of flxed a88Ots At each reporting end date. the charity reviews the carryiTra amounts of Its tsngible assets to determlne whether there is any Indication that those assets have suff6red an impalrment Soss. If any such Indlcatit)n exlsts. the recoverabk ￿OUnt of the asset is estimated In order lo delermlne the extent of th8 impairment loss (if any). 1.9 Cash and cash equlvalents Cash and cash equivalents indude cash in hand. deposlts held at ¢all with banks, other short-lerm liquid Investments wilh original maturities of thre8 m￿8 or less. and bank overdrafts. Bank overdrafts are shobln wlthin borrowings in current liabilities. 1.10 Flnanclal Instruments The charity has elected to apply the prowslons of Secllon 11 'Basic Finanaal Instruments, and Sedion 12 'Olher Finawal Instruments Issues, of FRS 102 to all of its finanaal instruments. Financial instruments ar& recc#Jnised in th& charitys balanrK sheet vthen thè tharity be￿rnes paty to the contraGlual provisions of the instrumenL Flnancial assets and liabilities aré offset wilh the net amounts present6d in the financial statements, ￿en there is a legally enforceable rtght to set off the reco9nised amounts and there is an inlention t0 5etUe on a net bas1$ or to realise the asset and settle the hablltty ￿multaneoUSly. Baslc flnanclal assots Basic financial assets. vthi¢h Indude debtors and cash and bank balances, are initially measured at transaction price indudlng transaclion costs and are subsequently carried at amoriised cost uslng the effecti interest method unless the arrangèment c￿StituteS a finan￿ng transaction, whera th8 Iransadion is measured at the p￿sent value of the future [￿IptS discounted at a market rate of interést. Finanoal assets dass￿led as receivable withln one year are not amoitised. THE CARERS, RESOURCE NOTES TO THE FINANCIALSTATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounllng pollcles (Contlnue Baslc flnanelal Ilabllltles Basic financial liabilities, induding creditors and bank loans are Inltially recognlsed at Iransaction prf¢a unless the arrangement constitutes a financing transactk*n. ￿ere thè debt instrument is measured at the present valu8 of the future payments discounted at a market raté of intsrest. Finanoal liabilities dasslfied as payabl8 wlthin one year are not amortised. Debt Instruments are subsequ8ntty carried at amorlised cost using the effective interest rate method. Trade ¢reditors are obllgations to pay for goods or ser￿Ge5 thal have been acquired in the ordlnary course of operations from suppliers. Arnounts payable are dassified as current liabilities if payment is due within on8 year or less. If not. they are presented as nonAcurrent liabilities. Trade creditors are recognlsed initially at Iransadlon Pri￿ and subsequentty measured at amortised c(￿t using the effedive interest rnethrjj. Derecognldon of flnanclal Ilabllltles Financlal liabilities are derecognised when the charivs contraGtuaS ob￿gationS explre ¢x are discharged or cancelled. 1.11 Taxatlon The Charfty Is an exempt tharity Wlthin the meaning of schedule 3 of the Charitlès Act 2011 and Is considered to pass the tests set out In Paragraph I Schedule 6 of the Financ8 Act 2010 and therefore It meets the definltlon of a charllable cnmpany for UK corporatb)n tsx purposes. 1.12 Employeo beneflts The cost of any unused holiday entltlement is recognlsed in the perk)d in wkkh the employeè's seNice8 are reG8lved. Termlnatlon benefits are recognlsed immedlatety as an expanse ￿ the ¢harlty18 demonstrably committed to termlnate the employment of an employe8 or to provide termination benents, 1.13 Retlrement benefits Payments to defined contrlbulon retiremènt banefil schemes are tharged as an expense as they fall due. Crltlcal a¢countlng esllmatè8 and judgements In th8 application ot the charlty's accountlng pOl￿e5, Ihe trustees are required to make ludgements. 8Stimale8 and assumptions about the carrylng amounl of assets and Ilabilities that are nol readlly apparent from other sources. The estimates and assoaated assumptlons are based on historical experience and other factors that are cx)nsldered to be relev3nL Actual results may differ from these estlmates. The estlmales and underfyirvJ assumptions are revi6wed on an ongolng basis. Revlslons to accountlng estlmates are recognised in the period In whith the estimate Is revlsed where th8 revision affects C￿lY that pertod, or In Ihe peTiixI of the revision and lulure periods wheré th8 revisi￿ affects bolh current and future perlods. THE CARERS. RESOURCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incorne from donallons and18gacles Unrestrlcted Unrestrlcted funds funds 2024 2023 Donations and glfts Legacies 108,603 45.978 117.765 1,5(hJ 154.581 119,285 In¢ome from charltablo aCt￿ille8 Unro8trlctod Re8tr1ctod funds fund8 2024 2024 T¢)tal Unre8lrlcted Restrlcted fund$ funds 2023 2023 A8 reststed Total 2024 2023 A$ restated Income from charltable a¢tlvltle8 Carer support 1,728,831 1,474,409 3.203.240 Care 1.088,774 1.(￿8,774 1.919,088 1,469,002 3,388,090 1,179,700 1,179,700 2,797,605 1.474.409 4.272,014 3.098.788 1,469.002 4,567,790 Income from Inve8lmènts Unrestrfcted Unre8tr1cted funds funds 2024 2023 Intere81 receivat4e 22 Expendlturo on ral8lng lunds Unrestrlcted Unrestrlctod fund8 funds 2024 2023 Fundralslng and pubnclty Other fundraising costs staff costs 5.452 7,3¢)4 24,860 5,452 32,164 -24- THE CARERS, RESOURCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expondlture on charltable actlvStles Expendlture Expendltura on eharltable activltles 2023 As re8tatsd charltable actlvltles 2024 Dlrect costs Staff costs Travel Carer activllles Recrullment and advertlsing Bad debt expense Other dired costs 4.023.426 119,984 66,356 31,369 3,729,095 131,660 58,028 29,635 19,214 244,359 228.301 4,469,529 4,211,989 Share of $upport and govornance costs (seè note 8) Support 629,281 512,896 5.098.790 4,724.885 Analysls by fund Unrestricted funds Restrlcled ftJnd$ 3,871,018 1,427,772 3,288,287 1.436,618 5.098.790 4.724,885 -25- THE CARERS. RESOURCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allfjcatéd to actlvltlès 2024 2023 Depreclatlon Premise8 Utililies Printing, stationery & postsg8 Insurance Professional feès Repairs and maintenance Equlpm8nt Communlcations Intèrest and fines staff trainlng Govemance costs 45.477 172,664 59,498 54,228 30,310 16.687 5,540 112.371 38.257 23,627 24,989 46,813 40,%1 150.588 39,129 45,287 25,903 41,038 9,635 44,204 36,745 36,383 43.025 629,261 512,896 Anatysed botweon: Expendlture on Charftsble actlvltbs 629,261 512,896 Net movement In fund• 2024 2023 The net movèment in funds Is ststed after chargingl{cr8dltirg)'. Fees payable lo the charity8 auditor. - for the audlt ofthe tharny's finandal statements for other financial serylces Depreclalion of ￿￿ned tangib18 ffixed assets Operating lease tharges 9,500 3,000 45,477 123,104 7,024 40.961 109,632 10 Trustse• None of the trustees {or any persons CA)nneGted wlth them) recelved any remuneration or benefits from the charty during the year. -26- THE CARERS, RESOURCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employees The average monthly number of employees durÈng the yearwas. 2024 Number 2023 Number Infomialion Development Adminlstration Carer support officers Children & famdies Tralnlng Volunteerlng Case workers 29 19 48 16 18 47 15 74 78 Total 205 208 Employment ¢o$ts 2024 2023 Wages and salaries SoGial secuiity wsts Other pensbn costs 3.650.431 274.788 98,207 3,4f￿,338 246,578 101,039 4,023,426 3,753,955 The number of employees vthose ￿nUal remuneratiM was rrrf)re than £60.W) s as follows.. 2024 Number 2023 Numbor £60.000 to £70.C#)O Remuneratlon of key management personnel The remuneraflon of key managemenl personnel was as foll￿. 2024 2023 Aggregate compensation 346,893 12 Taxatlon The charlty is exémpt from tsxation M its actimtkes because all its Income is aKWied for charitable purposes. THE CARERS, RESOURCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Tanglble flxed as¥ets Flxturèg and equlpment Cost At 1 Aprfl 2023 Addili Barclays 100 (Counselllng) NHS England Carers Resplte Bradford HAf FundirKJ Personal Support Na￿gator Opportunity Daycare Fund ABCD Funds Yorkshlre Water- Employmenl Project ESF Groundworks- Employment project BradfoTd Carers Asse&8ment Memory SeNices 31,389 8,159 62.455 325.983 (63,100) (332,142) 30,744 22.958 33.LY)3 (1.223) 3.692 418.713 121,959 (435,286) (123,580) 1.151 (787) 6.385 131,382) 72 2.905 (55) 1459) 459 21.346 (1,510) 143.571 {123,121) 41,796 703 6.688 (6.CrfJO) 3,674 6,450 19.576 6.740 4,923 1.895 67,839 63,674 {50,652) (83,250) {3,2851 (3,474) (20,3201 (107,299) (22,405) (3,671) 23,837 (3.455) (1.449) 21,155 138,620 29,956 3,150 2,730 31,321 7,551 521 (3,568) 3,568 (7.897) 143.7W) {8.000) 7.697 60.000 8,000 16,300 158.898 1.469,CMY2 1,436.618 {24,239) 167.043 -31 THE CARERS, RESOURCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Restrfctsd funds (Contlnued) Purposes of restricted funds a) Alredale and Craven Collaboratlve Care Teams This conlract was awarded to provide carer specialist Ge￿leaS across all of the general practices In Airedale. A large portion of it was subsumed In the Integrated Carer S￿e8s contract ￿1¢h was competitively tendered in mid-2014. Carers, Resource was successful in winning thè ICS. Carers. Resource continues to receive the remaining portion of Ihè former funding to provide additional specialist carer support. We are ralslng awareness of the role and needs of cxrèrs 2nd encouraging health care staff to work in partnershlp with others to better support carer8. b) Home from Ho8pltal Bradlord Funding to provide a support seNic8 for people discharged from hospital after a léngthy stay. but g8nèrally wthout any support package in pla￿, has been re￿Ned for many yèars. It operates across all hospitals In the Bradford Distrld and is a communlty based safvice. c) North Yorkshlre Home from H08pltal This contra¢t was awarded at the Ènd of 2017 for a start date of the 1 Aprll 2018., the ojntrad was for four years, and was 8￿cessfullY re•tènd6red for in 2022. Funding is to support vulnerable pèoplé recently dlscharged from hospllal. and to prevent earty rfradmission. This contract works In partnership with Carers Plus Yorkshire. The geography ol thi8 contract o)vers all dsirkts of North Yorkshlrè. d) North York$hlre Carer8' Slttlng Servlce Thls Contract uses volunteers lo provide a carers short break Se￿1￿ vthere the cared for person r6 SUPPOrted either In thelr own home or outside in order for thè car8r to have a b￿ak. The break Is for a short peri¢xl of tlme (2 to 4 hours). This project Is funded by North Yorkshire County Coundl. el Worth Connectlng Th8 aim of the servÉee 1$ to introduce older people who are lonety, isolaled, and dlgltally exduded to IT, so Ihat th8y are able to communicate uslng Skype, e-mals etc thus enabling thern to communicate wth others and to ald Ihem in day-t¢>day tasks suth as shopping, ordering prewiptlons 6t Q Bramall Foundauon The Bramall Foundation tsjnated a Sum tow*ds the cost of 8ervlces to SLPPOrt chlldren and young people with aullsm, Thls has helped to support young carers, parent rArers and to enable us to run trtps and activilie8, g) Tarn Moor Tru8l A grant recelved for drivlng lessons and refresher lessons for Carers of all ages but IDlng wthii Sklpton Parish only. hl Opportunlty Daycare Fund This fvnd has been used to focus on the development of supp¢Jt groups earers spedficalw In the Shipley and Bradford East areas by employlng a 9[￿P development ￿rt(er. l) Better Care Fund Since July 2013, money from the Better Care Fund has enablad us to work with th8 Dlstrid Nursing, Fast Response. Community Rehabililation and Long Term Conditions Nursing Teams, aemss the Haffogate and Rural Dlslrict, to identify and support carers. This has been a highly suctsssful initiative and has Tesulted in now working dosety wilh nevAy fomied Community C*e Teams and GP prxticEs. -32- THE CARERS, RESOURCE NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Restrlcted lunds (Contlnued) J) Bradford H¢wsehold Support Fund The Household Support Fund Is central govemment funding given to Lwal Aulhorilies to distributo to help families and Indlvlduals struggling ￿th the cost of living. There have been several rounds of the HSF, and Bradford Counal allocatad a proportion of the fund to Carers, Resource lo distribute to carers and Ihelr famllles. Grants of up to £300 go towards e66ential household Ilems and repair; or supemarkel vouchers to help with the cost of food shopping. L¢)celity Workers submit recommendations. to be approved by managers and a Pand. k) Local Communlty Support Grnnt The project allowed groups of carers and thelr eAf8d for to spend tlme at the allotment where they can be involved in tending to Ihe spac8 or just sodallse in the natural suiroundings, the allotment was used by carers and cared for of all ages. The funded worker left Caiers Resource in August 2023, and the allotmént was passed back to the council. Wlh Ihe agreemenl of the funders the remalnlng grant was used to support a number ol new unpald carer gr(wps and initiatives in Bradford Dlstrict. l} Maklng Carer8 Counl Imon Care tool Th8 'Men Care Too. project was launched to Improve the wellbelng of m8le ￿rers, tho make more than 40 P8r cent of unpald carers. 11 glves them the Chan￿ lo take part in activities, m86t olheT male carers. and support each other. ml MAST project 6 Bradford Thls projecl provldes a Multi Agency Support Team In thè Bradlord Royal Infirmary and Alredal8 General Hospital and In the communlty. fO￿S is on getting the right services In place for people on dlscharge, and WOTklng with those In the community need support to redurK th6 number of unnecessary re-admlsslons to hospital. It supports people vAth thallenges who no longer have a clinl¢al need to remain In hospltal but need ongolng support due to the challenges they fac8 In relation to mental lil h6allh, alcohol mlsuse or frallty In older age. n) Carer Support Navlgator Thls project almed to measure the Impaca of embethling Personal Support Na￿9&tOrS (Age UK) and Carer Support Navlgalors {C8rers' Rèsource) roles wltlmn idenlified wmmunlty nursing teams, speafically focu55ing on thè dir8cl impact on Ihe demand lor. and dependenw on these dlnlcal staff through Ihelr Interventions with Carers (Carers, Resour(£) and the p81ient (Age UK). Unre$lrfcted general lunds ￿dude. a) Care@ Crossroads Car8 (Airedale and Bradford) provided care for over 20 Yea￿ and In 2013 was absorbed by C8rers' Resource. Its assets and liabilities were transferred to the Carers, Resource vAth effect ItDm 1 April 2013 and services ara open to anY￿e over the age of 18 who requlres socid Gare support In the areas ￿er8 we operate. Funding for our servlces comes from a variety of sources Includlng individuals themsélvés and health or soaal care agencie& b) Inlegrated Care Servlces (Bradford and Craven) Servlces tor cgrers across Bradford Distrlct and Craven are pulled togeth8r tyi one Integrated contract that ensures a comprehonsive service for all carers. and enables our offér to be person centred and meet thelr individual needs. -33- THE CARERS, RESOURCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unrestrlcted funds The unrestricted lunds ol the tharity Com￿lSe the unexpended balances of donallons and grant8 whlch are not subject to speciffic condilions by donors and grantors as to how thèy may be used. These include designated funds which have been set aside Lwt ol unrestricted funds by th8 trustees for speclfic purposes. At 1 Aprfl Ineomlng Re80urce8 2023 re60urces expended Transfer8 At 31 March 2024 Gèn8ral funds 323.117 2.952.186 {3.876,470) 4,811 (396,356) Prevl¢u8 yoar: (As restated) At 1 Aprll 2022 Incomlng résourcos Resources expended Tran8for8 At 31 March 2023 G8neral fund8 401,234 3,218,075 (3,320,431) 24,239 323,117 20 Analy818 of net a88ets between fund8 Unre3trl¢tod funds 2024 Re8trl¢ted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current ass8tsl{liabilities) 86,977 {483,333) 86,977 (274,4841 208,869 1396.356) 208,869 {187,48n Unrestrfcled fund$ 2023 A8 re8tatsd R•strlctsd lunds 2023 Total 2023 As rastated At 31 March 2023: Tangible assets Current a88etsl(liabilities) 82,480 240.637 82,480 407,680 167,043 323,117 167,043 490,160 THE CARERS, RESOURCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Operallng lease commltmenls Les880 At the reportlng end date the tharity had (yjtstanding commitments for futwe ￿￿niMum1885e paymenls under non-cancellable operating lease5, whlth fall the as foll¢￿. 2024 2023 Wlthln one year Between and five years 85.557 104,333 76,688 139,834 189,890 216,522 22 Related patty transa¢tlon8 Thero were no dlsdosable related party transaction8 durlng Ihe current or comparatwe year. 23 Ca8h gen¢raled from operatlons 2024 2023 Del1¢￿ lor the year {877.647) (69,9721 Adjustments for.. Investment income recognised In statement of fvianlial acuvrtles Depreaation and Impaimient of tangible fixed asset6 (22) 40,961 45,477 Movements in worKng capital.. DecTease in debtors Increasel{decrease) In creth'tLYS (Decrease) In deferred income 228,362 377,468 {23,043) 41,781 (23,587> Cash absorbed by op6ratlons (49.383} (10,839) 24 Analysls ol changes In net fundg The d￿rity had no malerlal debt duriTYJ thè year. 26 Funds Recelved As Agent During the year. the charity recelved £2C6,929 as agent in resFeCt of the Carers Wellbelng S8Nice, Bradford HSF and Carers Trust and passed i)n £172.785 of these fvmd& At the year end date, £34.144 was still held ty the charity. -35- THE CARERS, RESOURCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 26 Prlor perlod adjustment Change¥ to the balanco sheet At 31 Ma￿h 2023 As previously AdJu8lment roportod As rn8tsted Credltor8 due wlthln onè year other creditors {203,401) 1113.199) {316.600) Inwm8 funds Restricted funds Unrestrlcted funds 167,043 436,316 167,043 323,117 (113.199> Total fund8 603,359 (113,199) 490,160 The TTusl8es have identified that Ihere had been no a¢uua hdiday pay or wages at prior period ends. Th8 effect of Induding these adjustments is to inuease accTuals by £113,199 and reduce reserves brought foNMrd by the sarne Smo￿t. They have no effect on the prior period surplus. Changes to the Statsment of Flnanclal Actlvllle8 Porlod ended 31 March 2023 A8 prnvlou8ly Adjustment As rostated r•portod Income from.. Charltable actwitles 4,499.205 68,585 4.567,790 Expenditure on.. Charltable adivilies 4,656,300 88.585 4,724.885 Nat movement In I￿K15 (69.972) (69,9721 The Trustees identified that certain income had been netied ofl wages cosls. Thls has been redasslft8d In the prior perltss. The effect of thls adjustmenl is lo Increase UnrestrlrAed Charitable Incom8 and Wages by £68.585. There Is no effect on the prior peiiod surplus.