Charity Regbtratlon No. 1050779 Company Regi8tiatlon No. 03123142 (England and Wales) CARERS FEDERATION LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CARERS FEDERATION LTD LEGAL AND ADMINISTRATIVE INFORMATION Charlty numb•r 1050779 Company number 03123142 Trustees Patricia Cargill Chrlstine Thomas Cheryle Berry Katherine Moore Samantha Billlngton Chair Vice Chair Secrotary Jayne Bell Senlor offic•r# Jayne Bell Chief Executive Officer R•glst•r•d offlGe Chrl8tophor Carglll House 21-23 Pelham Road Nottlngham NG5 1AP Audltor Rogers Spenc8r Newstead House Pelham Road Nottingham NG5 1AP Bankers Barclays Bank plc Nottingham High Street Branch 2 Hlgh Street Nottingham NG12EN Solicltorn Rothera Bray 2 Kayes Walk stoney Street Nottngham NG1 1PZ
CARERS FEDERATION LTD CONTENTS Pag Trustees, report ststement of trustees, responsibilltles Independent auditors report Statement of financlal activities 12-13 Balance sheet 14 Stat8m&nt of cash flows 15 Notes to the financial statem8nts 18-29
CARERS FEDERATION LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and finandal statements for the y8ar ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statèments and compty with the charity's govemlng document. the Companies Act 2006 and "Accounting and Reporting by Chartties." Statement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102) (as issued in October 2019)" ObJectlvH and actlvlU•8 Charltablo Purpose The objectives of Carers Federats'on Llmlted as set out in the company's memorandum of association are to: Promote lh8 b8n8fit of persons who acting as unpald carers of people with physiGal or sensory disability, m8nt81 health dlfflcutty, leaming disability, ill health or by th8 ageing process, their carnid for and the community, in p8rticular to lIeV8 th8 str8SS8s experienced by such persons Ihrough the pmw'slon of support seNlces, in order to pmtect health. r8ll•v• poverty, dlstress orsickness. Carers Federatlon Is an organisation d8dicated and passionate about provldlng high qualty care, support and training. We have specific expertise in supporting unpald carers and delivering accredited Advocacy tralning. Our repulation for excellence stems from our commitment to innovative and flexible approach to seNi¢e design and delivery and well-trained staff. Our Vlslon: Everyone we serve recelv08 Individually tsilored care, support or trainlng. Our Ml•810n: To become a centre of excellence In provision of carer¥ support and tralnlng. Our Coro Valum: Frfondllness: Wè believe in welcoming everyon8 with wamith and kindness. We want people to feel Indlvldually valu8 Falrnoss: We believe In equallty and striv8 to be respectful in everything we do. We listen to the needs of others and put ihem at the heart of our work. Dlverslty: Discrimination will have no place in anything we do. Intsgrlty: We are accountable to people and partners we serve and wlll transparently share our results. storles and lessons. Collaboration: We actively se8k collaboration and partnerships with other organlsatlons to make our vision a reality. Contlnuous Improvemènt: We actively strive through innovation and hard Work to b8 a Cent of excellence.
CARERS FEDERATION LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Main Activities undertaken by Carern Federdtlon Limitod 2024-2025 Adult Carer Support across Nottingham Cty and Nottlnghamshire All Carer Support across Galeshead Support for a Prlsoner Social Care Advocacy scheme in HMP Whatton Provision of Independent Complaints Advocacy (ICA) services in a number of Local Authorrty areas acros5 the Northeast of England Providing accredited Training servlces nationally Delivering the Quality Standard In Carer Support (QSCS) to a number of universities. schools and organlsatlons across England and Wa18S The Tru8tees confirm that they have referred lo thè Charlty Commlssion's general guldance on publiG banefit when reviewing the charrty's alms and objectives and In planning futura actlvllle8. A¢hlevem•nts and porfomi•n¢o Our main focus and achlevement has been to secure new buslness to dellver Carer support s8Dilces 8nd continually adapting the delivery of our exlsting services to meet the n88ds of our service users and satisfy the exp8Ctations of our commissioners and funders. Thls has result8d not only in the retentlon of our ICA 8eNices that were tend8rad durlng the year but additionally the award of two new conlracts- firstly the Stockton ICA contract and secondly th8 brand new Gateshead All Carers contract dellverfng Carer support to all ages across Gateshead. All of the charity's services hav8 continued to perform w811 during 2024125 not only meeting the needs of our stakeholders and receiving excellent feedback but also performing well financially against budgets. Tr•lnlng The Tralnlng Department contlnued to operate 8 flexlble approach to the dellvery of Advocacy cours8s. Providing 18arners with a ¢hoi¢e of either online or face to face training. In addition. a number of bespoke workshops were dev8lop6d and dellvered to meet the needs of our leamers. The department continues to meet all City & Guilds requirements and remains an approved centre of areditatIon. The Virtual Learning Environment (VLE) was also further developed to update and Improve conlent and improve user experience. The devebpment of the VLE is a continuous process. Courses avallable during 2024 -2025 includ8d'. GDPR training City and Guilds Level 2 Award In Independent Advo¢a¢y Introduction to Mentoring Carers Accreditation - Qu81ty Standards in Carérs Support Adult Safeguardlng Competency Training Advocacy Level 4 training Advocacy Level 4 Single units
CARERS FEDERATION LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Tha Carers Hub Delivering support to all Adult unpaid ¢arers across Nottinghamshlre and Nottingham City. The Hub provides a fr8e and Confidential service, providlng infomation advice. signposting and support to CarS and provides an opportunlty to meet other carers through groups helping to reduce isolation and loneliness. Independent Complolnts Advocacy IICA) Our NHS Independent Complalnts Advocacy service continues to perform very strongly across the North East of England covering five individual Local Authority areas: North Tyn8side. South Tyneside, Newcastle, Darlington and County Durham and addrtionally successfulty tendered for a new contract to deliver the seNicè across Stockton. During the year the Newcastle contract came to th8 end of lis contract. The ICA service holds the Quality Perfomianc8 Mark (QPM) in advocacy. Quallty Standard In Carer Support (oscs) Continued dellvery of Carers Federation QSCS to 30 colleges across the country. In addltlon, smaller funding was secured during the year to dellver the QSCS to multiple primary schools across the Nottingham area. Individual accredltations w8r8 also delivered to independent schools and colleges. The accredltation aims to improve 2nd evidence the support carers In education can access to enable carers to continue with their sludies and has a broad crlteria covering areas such as having a Carers Lead, staff training, providing Infom8tion and slgnposting, offering flexible working or maklng reasonable adjustments for carers and ensuring the organisation has eslablished and con8iSt8nt policies and processes to 8UPPOrt carers, employees or learners. Further d8velopm8nl of the standard is an ongolng process to ensure new legislation is included and fully up to date. Flnancial revl•w 2024r25 w88 another chall8nging but positive year for Carers Fedèration Limited where reduclng the operating deficit was a key priority. Opportunities to generate new income Streams In Ilne wlth the organls8tlon's Income Generatlon strategy hav8 been selzed where possible throughotrt the year along with 8n$uring efficiencies are Identlfied in all aspects of delivery. The main financial aim of the organisation has continued to be addressing and reducing the operating deficit. The Carers Federation Llmlted reported an operating surplus for the year end8d 31st March 2025 of £311.555 (2024: deficit £76,906). A150 recognlsed during the period were actuarial gains on the Nottinghamshire County Council defined benefit pension scheme of £954,000 (2024: £766,000). Finally, a gain on revaluation of the bulldlng was recognised during the period of £41,287 (2024.. £nil) Net assets of Carers Federation Llmlted at the 31 st Marth 2025 were £3,141,557 (2024: £1,834.735).
CARERS FEDERATION LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The principal fundlng Sources for Carers Federatlon Ltd are ¢urr8ntly income from grants. National Lottery. and service funding agreements with multiple local authorltles and 10¢81 academies. The contractual income and grant funding received from thase sources is used by Carers Federatlon Limited to provide Carers support, Advocacy and Training services that match the objectives of Carers Federation Limited. Fundlng sources Socurnd durlng the year Durlng the period ended 31BI March 2025 Carers Federation Limited was able to negotiate seDIic8 funding agreements as follows.. Contrad Fundlng arrangements were exlended for a further period with Northeast Local Authorities to continue the delivery of th8 Independent Complaints Advocacy Service for beeen 12 months and uy to 3 years (dependent on individual contract). Induding the award of the new contract from Stockton Local Authority. Contract Funding arrang8ments were agreed wtth Gateshead Councll to deliver the new Carers Connected Servlce for lh8 next 3 years. Small amounts of new restricted funding were secured from verlous sources to support the delivery of seNlces to Carers, these included, Caregivers Conneded Gat8sh8ad Funds, C8rers Wellbeing Fund & Gateshead Young Carers Coun8elling. Re1¥•8 At 31st March 2025 Carer8 Federation Llmited held restricted funds totaling £83,680 (2024: £9,771). This amount 18 made up of funds provided to Carars Federation Limited for use by speclflc seNices to dellver specific time-bound outcom88. These funds are not available to the Board of Trustees for fulfilment of general charitable objectives. The level of unrèstrlcted reserves held by Carers Federatlon Limited at the 31st March 2025 was £3,077,877 (2024.. £1,824,984) Unr88trlcted funds not invested in tanglble fixed assets wert £2,483,788 12024,, £1,261,209). Unrestrlcted reseNe8 are held by Carers Federatlon Llmited In order to mitlgate agalnst future expected reductions in contracvgrant income and to provide continuty in the central business functions of the organisats'on. The charity's Reserves Policy is to hold at leasl six Tnonths, expendltur8 within the balance of Net Current Ass8t8 attrlbutable to Unrestricted Funds, whlGh amounts to £945.766 in 2024125. Total {12 months) unrestricted expenditure In 2024125 amounted to £1.253,108. Therefore, the Trustees consider that they have fulfilled the charity's Reserves Pollcy requirements at the currant time, and have SLrffiLi8nt reserves to cover expected increases in expenditure ovar th8 next few years., Flnonclal effect of $lgnlfl¢ant events City & Guilds wrf(hdrawal of their level 2 In Advocacy qualffication (wlthout notice) in October 2024 negatively impacted projected incomè of the Training department. However, th8 development of a new Carers Federation qualification has was completed in the second half of the year and can be offered to learners as an alternative. This did not negatively Impact the organizalion's reserves but did reduce forecast income for the year. Winning the Gateshead All Carers contract fvnding agr88ment alongside the ongoing delivery of Nottinghamshire County and Nottingham Clty Carers Hub funding agr88ment has PQSitivety impacted on the future sustainability of the org8nisation.
CARERS FEDERATION LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Impact of a penslon asset ari•lng from the definèd nefft penslon scheme The surplus presented as al 31 March 2025 of £1,538.000 (2024.. £553,000) has been calculated to meet the requirements of FRS102. FRS102 qUireS the use of a prescribed discount rate based on corporate bond yields, which can be very volatile. Contributron5 to the Nottlnghamshire County Council LGPS Fund ar8 set at ea¢h triennial valualion of the Fund, based on a discount rate derived from assumptions about future retums from Ihe Fund's investment strategy, whlch results in a much lower valuation of liabllltles than a discount rate based on corporate bond yields and consequently a smaller deficit. Therefore, the FRS102 deflcAt has no direct bearing on the contributlons pald to the Nottinghamshire Local Government Pension Scheme. Plans lor futurn P8rlod8 In response to the cMpleX financlal landscape the Board of Trustees develop8d a robust &year strategy early In 2025, to reflect th8 market position and funding landscape. The strategy Included revised Income Generation strategy considaring ihe successes within the year and a continued proactive approach to take the organisation forward into a strong financial position over the next five years. The strategy has been developed to stablllse and stop the current annual operating loss. It also identifies key prlorliy areas of intended seNice delivery and provld8s a clear direction for new inltlatlves withln Carers Federation Limited. In addition, the strategy has (and will continue) to: Identify opportunities to make be81 use of existing assets Ongolng review of Senior Management structure Maximised cash investment potential Develop a range of partnership opportunltles wlth commercial and voluntary and communlty sector Invest resources in the areas that can make profrt and contribute lo tha company's financial viability. l. trainlnglextemal Consultants Examine more closely the options for community fundlng of projects (Big Lottery etc) and options for research funding The charity is built on a solid foundation of slgnlficant cash and property assets and is continuing to develop sustainable income streams. This combined with an ongolng process of efficiency measui8S should ensure that the organisation and its seNlces will flourish, evolve and grow. Governlng Documont The organisation is a charitable company limited by guarantee and is governed by a memorandum and articles of association. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charlty.
CARERS FEDERATION LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Appolntment ol Truste08 The Board of Trustees is appointed by the charity members with trust88S S8tvlng for no set period and retiring in rotation. The Articles provide for a maxlmum of sixteen members, induding Honorary Members. At the end of each Annual General Meeting all the members of the Board of Trustees whose period of ser4ice Is due to 8nd during the calendar year In which that annual general meetlng Is to be hekl. Shall retire from office but they may be re-el8Cted or rfrappointed. The chair of the Board is elècted by the twstee membership. The Board of Trustees may delegate any of ts powers or the impl8m8ntatlon of its resolutions to committ88S to facllitate effective operations. Trustee Inductlon and Tralnlng New members of the Board of Tru8tees undergo an induotion to brief them on thelr legal responsibilities under charlty and company law, the content of the Memorandum and Artides of Association, the commlttee and de¢i8ion making processes, and recent financial perfomiance of the charity, During the induction they meet key employees and other members of the Board of Trustees. Members are encouraged to attend appropriate training events Whe these will a8SlSt them In dlscharging their duties as tru8tee8. Organlsatlon The Board of Trustees holds monthly m88tlngs and at least iwo ordinary meetlngs each year al which its members agree strategy and areas of adiwty for the charity including consideration of s6NIco dellvery, investment, reserves and risk management policies. The Charity tnjstees work in partnershlp wlth and oversee the Chief Executlve who Is responsible for successful implementation of strategies set by the board and for ensuring that tha charity and tradlng operations perform as directed by tha Board of Trustees. Appolntment olAudltorn A resolution proposing that Rogers & Spencer (Nottingham) Limited continue to be appoSnted as audllors of the charity was agreed at the Annual General Meeting held on 1610112025 Dl8¢losurg of Infomiatlon to audltor Statement AS To Dl8closure Of Infomi•tlon To Audltors So far as the Board of Trustees ar8 awar8 there 15 no relevant information (as defined by seclion 418 of the Companies Act 2006) of which the company's auditors are unawa, and each trustee has tsken all steps that they ought to have takon In order to make them aware of any audit infomiation and to establish that the charitable company's auditors are aware of that Infomiation. The trustees, report was approved by the Board of Trustees. Patricia Carglll Chair of Tru lee
CARERS FEDERATION LTD STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees (who are also directors of Carers Fèderation Ltd for the purposes of company law) are responsible for preparing the Trusteès, Report and the financial statements In accordance with applicable law and Unitèd Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). Company law requires the truste88 to prepare financial statements for each financlal yaar. which give a true and fair view of the state of affalrs of the charitable company and of the Incoming resouros and application of resources. Including the income and expenditure, of th8 charitable Company for that period. In preparing these financial statements, the trustees are requirad to.. seled suitable accounting pollcles and then apply them consistently., observe th8 methods and principles in th8 Charftles SORP 2019 {FRS 102)., make judgements and estimates that are reasonable and prudent-, state whether applicable UK Accounting Standards hav8 been followed, subject to any materlal departures disclosed 8nd explained In the financial statements,. prepare the flnancial Statements on the going ncern basis unless it is inappropriate to pr8sume that the charitable Gompany wlll continue in operation, The truste88 are responslble for keeping adequate accountlng records that disclose with reasonable accuracy at any time the financial position of the charltable company and enable them to ensure that th6 financial stalement8 comply with the Companies Act 2008. They are also respon$lble for safeguarding the assets of the charrtable C¢)mpany and hence for taking reasonable 8tep8 for the prevention and delection of fraud and other irregularities. In 80 far as the trustees are aware: ther8 is no relev8nt audit information of whlch the charitable company's auditor Is unaware,. and the trustees have taken all steps thal they ought to have taken to make thèm8elves aware of any relevant audit information and to establish that the audllor is aware of that infomiation. Company law requlres the trusteeg to prepare financial stalements for each financial year which give a true and fair vlew of the state of affairs of the charity and of the Incoming re8our$ and application of resources, including the in¢ome and expenditure, of the charllable company for that year. In preparing these financlal statements, tha trustees are requlred to: select sultabl8 accounting policies and then apply them conslslently,, observe the methods and principles In the Charities SORP., - make judgements and estimates that are reasonable and pNdent', state wheth&r applicable UK Accountlng Standards have been followed, subject to any material departures disclosed and explained in th& financial statements; and prepare the financial stalements on the golng concern basis unless li is inapproprlate to presume that the charity will continue in operatlon. The trustees are responsible for keeping adequate accountlng records that disclose with reasonable accuracy at any time the financial position of the Gharity and enable them to ensure that the financlal statemenls comply with the Companies Act 2006. They are also responsible for safeguarding th8 assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitiès.
CARERS FEDERATION LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CARERS FEDERATION LTD Oplnlon We have audited th8 financial statements of Carers Federation Ltd (the '¢harlty') for the year ended 31 March 2025 which comprise the statement of financial activities. the balance sheet. the statement of cash flows and the noles to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Finanaal Reporting Standard 102 The Financial R8POrting Standard appllcable in th8 UK and Republic of lrnland (Unlted Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of th8 State of the charitable companvs affairs as at 31 MarGh 2025 and of its incoming resources and application of resour¢88. including its income and expenditure, for the year then ended; have b88n prop8rly prepared in accordance with Unlted Klngdom Generally Accepted Accounting Practlce., and have been prepar6d in accordanoe with the requirements of the Companie3 Act 2006. Ba•1• for oplnlon We conducted our audit in a¢¢ordance with Intematlonal Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilitiès under those standards are further described in the Audltofs rnsponsibilities for th8 audit of the finandal statemgnts section of our report. We are Independent of the charity in accordance wlth the 8lhical requirements that are relevant to our audit of the financial stat8m8nt8 In the UK, including the FRC'S Ethical standard, and we have fulfilled our other ethical responsibilities in accordance with th8se requlrements. We believe that Ihe audit evidence w8 hav8 obtalned is 5uffi¢ient and appropriate to provlde a basis for our opinion. Con¢lu$lons relatlng to golng con¢om In auditing the flnancial statements, we have concluded that the trustees, use of the going concern basi5 of accounting in the preparation of th8 flnancial statements is appropriate. Based on Ihe work we have performed, we have nol identlfi8d any materlal uncertainties relating to events or conditions that, individually or collectively, may cast sSgnlficant doubt on the charity's ability to continue as a going ¢on¢em for a period of at least tsvelve months from when the financlal statement8 are authorised for issu8. Our respon$ibilitie$ and the rasponslbllltles of the trustees wlth respect to going concern are described in the relevant se¢ti¢)ns of this report. other Inforniatlon The other information ¢omprises the Information included in the annual report other Ihan the financial statements and our audltorfs report thereon. The trustees ar8 responsible for the other information contained wlthln the annual report. Our opinion on the financlal statements does not cover th8 Other information and, except to the extent OtheISe explicitly stated in our report, we do not express any form of assurance conclusion theieon. Our responsibllty is to read th8 Other Informatlon and, in doing so, conslder whether the other infomation is materlally Inconsistent with the financial $tatem8nt8 or our knowledge obtained in the course of the audit, or olherwise appears to be materially misstaled. If we identify Such material inconsistencies or app8nI material misststements, we are required to determine whether this gives rlse to a material misstatem8nt in the flnancial statemenls themselves. If, based on the work we have performed, we concjude that there is a material misstatemènt of this other infomiation. we are required to report that fact. We have nothing lo report in this regard. The comparative figurès ar8 unaudited
CARERS FEDERATION LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CARERS FEDERATION LTD Oplnlons on other matters prescTlbed by the Companks Act 2006 In our oplnlon, based on the work undertaken in the course of our audit: the informalion given in the trustees. report for the financial year for which the financial slatements are prepared, which indudes the directors, report prepared for th8 putPOS88 of ¢ompany law, is consistent wlth the financial statements,. and the dlrectors. report induded within the Irustee8' report has been prepared in accordan¢e with applScable legal requirements. Matters on whl¢h w• are rnqulrod to report by oxcepllon In th8 light of the knowledge and understanding of the Charfty and its environment obtsined in the cours8 of thè audit, we have not identified materlal misstatements in the directors, report included wtthin the trustees, report. We have nothing to report In r88P8Ct of the following matters in relation to whlch the Companies Act 2008 requires us to report to you if. in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been rec8ived from branches not visited by us; or the financial statements are not in egreement with the a¢untIng records and r•tum8', or certaln disclosures of trustees, remuneration speclfiad by law are not made,. or we have not recelved all the information and explanations we requlre for our audit. or the trustees were not entitled to prepare the financial slatements in accordance wlth the small companies regime and take advantage of the small companies. exemptions In preparing th8 trustees, report and from the requirement to prepare a strategic report. R88pon$lbllltle• of trustsos As explalned more fully in the statement of tW8tees' responslbSlltles. the truste88, who are also the directors of the charity for the purpose of company law, are responsible for the preparalion ol the fin8n¢lal st8lements and for being satisfied that they give a true and fair view, and for such intemal control as Ihe trustees determine is necessary to enable the pParatIon of financial Statements that are free from material misstatsment, wheth8r due to fraud or error. In preparlng the financial statements, the Iruslees are respon8lbl8 for assessing the charity's ablllty to continue as a going concern, dis¢10sing, a8 appllcabl8, mattars related to going concem and uslng the going Concern basis of accountlng unless the trustèes either intend to liquidate tha charitable company or to cease operallons, or have no realistic altemative but to do so. Audltorf8 responslbllltlès for th• audlt of tho flnanclal ststements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that Includes our opinion. Reasonoble assurance Is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS (UKI will always detect a material mlsstatement when it exists. Misstatements can arlse from fraud or error and are considered materlal If, Individually or in the agggate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Extent to whlch the audlt wa• consldernd capable of d•t•cting Irregularitles, Includlng fraud Irregularities, induding fraud, are instsnces of noTrcomplian¢e with laws and regulations. We design procedures in line wlih our r8sponsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to whlch our procedures are capable of detecting Irregularities. induding fraud is detailed below.
CARERS FEDERATION LTD INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF CARERS FEDERATION LTD Identlfylng and a8888slng potsntlal rl8ks ralatsd to Irregul•rftle$ Our approach to identifying and assessing the risk of material misstatement in respect of irregularities, includlng fraud and non-complian¢e with laws and regulations, was a5 follows.. Th8 8ngag8ment partner ensured that the engagement team llectIvelY had the appropriate competence. capabilities and skills to id8ntify or recognise non-compliance wlth applicable laws and regulations; We identlfled the laws and regulations applicable to the charity through discusslons with trustees and other management, and from our commercial knowledge and 8xp8rlence of the sector. We focused on specific18ws and regulations which w8 considered may hav8 a dlrect material effect on the financial statements or the operations of the diarsiy, indudlng the charities act, taxation legislation and data protedion, antl-brib8ry, employment, 8nvironmentsl and health and safety leglslatlon,. We ass8ss8d th8 extent of compliance with the laws and regulations id8ntifi8d above through making enquiries of manag8m8nt and inspecling monthly board mlnules. Identlfied laws and regulations were communicated within the audit team regularfy 8nd the team remained alert to instances of non-compliance throughout tha audlt. We assessed the susceptiblllty of the charity's financSal statements to materlal mSsstat8ment, includlng obtalnlng an understandlng of how fraud mlght occur, by Maklng enqulrtes of management as to where they considered there was susceptibilty to fraud. th61r knowledge of actual, suspected and alleged fraud., Considering the internal controls In place to mitigate rlsks of fraud and non-compllance with laws and regulations: and Understanding Ihe design of the charlty's remuneration policias To address the risk of fraud through management bias and overrlde of controls, we: Performed analytical procedures to Identlfy any unusual or unexp8Ct8d relationships., Tested joumal 8ntr188 to Identify unusual transactions; Investigated the rationale behind signlfunt or unusual transactions. In response to the risk of Irregularities and n0COmplIance with laws and regulations, we d6slgned procedures whlt* Included, but were not limited to.. Agreeing flnanclal statement disclosures lo und6rlylng supporting documentation., Reading the minutes of méètings of those charged with gov8mance', Enquiring of management as to actual and potentlal liiigation and daims. There are inherent limitations in our audil procedures described above. The more removed that laws and regulalions are from ffnancial transactions, lh8 less Ilkely it is that we would become aware of non-compliance. Audtting standards also limit the audlt procedures required to identlfy non-compliance with laws and regulatlons to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, rf any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is avallable on the Financial Reporting Coun¢ll's website at: https.'Il vmv.frc.org.uklauditorsresponsibilltles, This d8scJiption fomis part of our audilorfs report. Use of our roport This report is made solely to the charitable company's members, as a body, in accordance with Chapler 3 of Part 16 of the Companies Act 2008. Our audit work has been undertaken so that we might state to the charitable Companls members those matters we are required to State to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assurne responsibility to anyone other than the charitable company and the charitable compeny'5 members as a body. ft)r our audit work, for this report, or for the opinions we have fomied. 10-
CARERS FEDERATION LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CARERS FEDERATION LTD M•lvln Balley FCCA DChA (Sonior Statutory Auditor) For and on behalf of Rogers Spen¢er. Statutt)ry Audltor Charterèd Accountants N8WSte8d House Pelham Road Nottingham NG5 1AP Date.. 11
CARERS FEDERATION LTD STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Current financlal year Unrestrlcted Restrictsd funds funds 2025 2025 Total Total as rostated 2024 2025 Nots8 Donations Charitable activities Other trading activities Investments Other income 270 1,375,895 42.532 28,748 63,309 2,7(X) 2,970 104,750 1,480,645 42.532 28,748 63,309 14,724 850,627 68,792 37,604 51,851 Total Income 1,510,754 107,450 1,618.204 823.598 Charitable a¢tiviti8S Other tradlng actlvltles 1,200.968 52,140 53,641 1,254,509 52,140 831,712 88,792 Total expendlturo 1,253,108 53,541 1,306,649 900,504 Not Inc¢)mel(expondlturn) for tha y•ar 257,848 53.909 311,555 (76,906) Other r8¢ognl8od galn• and lo•$ Revaluation of iangible fflxed assets Actuarial galn on defined benefft pension schemes 41,267 954.000 41,267 954,000 766,000 Not movemènt In fund• 1,252,913 53,909 1,308,822 689,094 Fund balances at 1 April 2024 1,824,964 9,771 1,834,735 1,145,641 Fund balanc88 at 31 March 2025 3,077,877 63.680 3,141,557 1,834,735 The statement of financial activities includès all gains and10&8es recognised in the year. The Statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from contlnulng aGtiviti8s. The statemènt of financial activities also complies with the requirements for an income and expendliure account under the Companies Act 2006. 12-
CARERS FEDERATION LTD STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prior financlal ygar Unrnstrictsd Restrfctsd Total funds funds as mtsted 2024 2024 2024 Notss Donallons and legacies CharFtable adivities Other trading activities Investments Other income 146 626,627 68,792 37,604 51.851 14,578 24,000 14,724 650,827 68,792 37,604 51,851 Total Income 785.020 38,578 823,598 Charftable activities Material other expendFlure 796,880 88,792 34,832 831,712 68,792 Total rn8our¢•• 9xpded 865.872 34.832 900,504 Net Incomlngl(outgolngl r•8our¢•8 {80,652) 3.746 <76,906) Other r•cognl8ad galm and1088e8 Actuarial gain on defined benefit penslon schemes 786,000 766,000 Not movemont In lund• 685,348 3,748 689,094 Fund balances at 1 April 2023 1,139,618 6.025 1,145,841 Fund b•lancvJ at 31 March 2024 1,824,964 9,771 1,834,735 Thè ststement of finandal activities indudes all galns and losses recognised in the year. The statement of financial activitie5 includes all galns and1088e8 COgnised in the year. All Income and expendiiure derive from wntinulng activtti"es. The statement of financlal activit188 also complies with the requirements for an income and expenditure account under the Companies Act 2006. 13-
CARERS FEDERATION LTD BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notss Fixed assets Tangible assets 13 594,111 563,755 CunTnt assots Debtors Cash at bank and in hand 14 91,252 1,009,710 123.712 756.612 1,100,962 880,324 Credltors: amounts falllng duo wlthln on• yoar 16 (91,518) <162.344) Not current as80ts 1,009.448 717.980 Total a•80ts10M current Ilabllltl•8 1,803,557 1,281,735 Not a•••t4 ex¢ludlng p•n•lon •urplus 1,803,557 1,281,735 Defined benefit pension surplus 18 1,538,000 553,000 Th• fund• of the charfty Restrlcted Income funds Unr8Stricted funds 16 17 83,680 3,077,877 9,771 1,824,964 3.141,557 1,834,735 The financial statemants were approved by the twstee$ on . Patricia Cargill Chalr of Tru8tOO8 Company registration number 03123142 (England and Wales) 14-
CARERS FEDERATION LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 as restated Notss C•sh flows from opgratlng actlvltlog Cash gènerated froml{absorbed by) operations 22 231.250 (87,202) Investlng actlv1119$ Purchase of tangible fixed assets Investment Income recelv8d (8,900) 28,748 {17,245) 37,804 N•t ¢a8h g•n•rat•d from Investlng •¢tlvltles 21,848 20,359 Net In¢ro4$01(d•cro480) In c4•h and cash •qulvalents 253,098 {66,843) Cash arKI ca$h aquiv8lent8 at beginning of year 758,812 823,455 Cash and cash equlvalont8 at ond of year 1,009,710 756,612 15-
CARERS FEDERATION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policle8 Charfty Informatlon Carers Federatlon Lld is a private company limited by guarant88 Incorporated in England and Wales. The registered office is Christopher Cargill House, 21-23 Pelham Road, Nottingham, NG5 1AP. 1.1 A¢¢ountlng Gonvontlon The financial statements have been prepared in accordance with th8 charlty's goveming document, the Companies Act 2006 and "Accounting and R6POrtlng by Charities.. Statement of Recommended Practice applicable lo charit18s pr8parlng their accounts in accordance with the Flnanclal Reporting Stsndard appllcable in th8 UK and Republic of Ir8land {FRS 102) (effective 1 January 2019)" The charty a Public Benefil Entity as defined by FRS 102. The financial statements aré prepared in sterling, whi¢h is the funclional currency of the charlty. Monetary amounts In these financlal statements are rounded to the nearest £. The fln8nclal slatemenl$ have been prepared under tha historlcal cost conventlon modified to indude the revaluation of freehold properties. The prlnclpal accounting policie5 adopted are s8t out b810w. 1.2 Golng concorn The trusta6s assess whether the use of going con¢em is appropriate, 1.8. whether there ara any malerial uncertainlies related to events or condltions that may cast significant doubt on the ability ol the charitab18 company to contlnue as a going concern. The trustees make this assessment in respect of 8 period of at least one year from the dale of 8Uthorlsatlon for issue of the accounts and have concluded Ihat the charlty has adequate resources to continue in operational existence for the foreseeable future and there are no m8terial uncertainties about the charty's ablllty to continue as a going concern. Thus they conts'nue to adopt the going concem basis of accounting in preparing the accounts. 12 Charftable funds Unrestricted funds are available for use at the discretion of tha trustees In furtherance of thelr charitable objeclives. Restricted funds are subject to specrfic condrtions by donors or grantors as to how they may be used. The purposes and use8 of the restricted fund8 are set out in the notes to the financial stat8m8nts. 1A Incomo Grants for immediate expendlture are accounted for when they become r8C8ivabl8. Grants re¢eiv8d for speclflc purposes are treated as restricted funds. Grants restricted to futu accountlng periods are deferred and recognlsed In Ihose periods. Donations and voluntary income are credlted to the inojme and expenditu account when they are received. 16-
CARERS FEDERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountsng pollcio• (Contlnued) 1.5 Tangiblo fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuatlon. net of depreciation and any impairment losses. Depreciation is re¢ognised so as to write off tho cost or valuation of assets less their residual value8 over thelr useful lives on the following bas88'. Property: Structur8 & roof Windows & doors Heatlng & boiler Kitchen, toilets & lfft 1 % straight line 40/0 straight line 7°A staright line 5°A straight line Flxtums & fittings Office equipment 200A & 4% straight line 33.33% straight line The gain or loss arising on the disposal of an asset is determlned as the difference between the sale proceeds and the carying value of the a88et, and is recogni5ed in the statement of financial actlvltles. 1.6 Impalmient of flxèd assèts At each reporting end date, the Charity ravlews tha carying amounts of its tangible as8ets to det8milne whether there is any indication that those assets have suffered an impalrm8nt loss. If any such indication exists, the recoverable amount of the asset is estlmated In order to detemine the extent of the Impalment loss (If any). 1.7 Employ b•n•fft• The cost of any unused holiday entitlement is recognised in the perltxl in whFch the employee's servlces are received. T8mination benefits are recognised immedialely as an expense when the charity is demonstrably committed to temiinate the employment of an employee or to provide temiination beneffts. 1.8 Retlr•ment benefits The cost of providing benefits under defined benefit plans is detennined separately for each plan using tha projected unlt credlt method, and is based on actuarial advice. The change in the net defined beneflt liability arising from employee seplice during the year is recognised as an employee cost. The cost of plan introdudions, benefit changes, settlements and curtailments are recognised as incurred. 17-
CARERS FEDERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountlng policios (Continuod) The net interest element is detennined by multiplying the net defined b8neflt liability by the discount late, taking Into account any Changes in the net defined benefit liability during the period as a result of contribution and benefit payments. Th8 net interest is recognised in incomel(expenditure) for the year. Remeasurement changes comprlse actuarial gains and losses, the 8ff8Ct of the asset ceiling and the retum on the net defined benefit liability excluding amounts induded in net interest. Th8S8 ar8 recognised immediately in other r8cognis8d galns and losses in the period in which they occur and are not redassified to Incomel(expenditure) in subsequent periods. The net d8fin8d benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined b8n8fit obllgatlon (using a discount rate based on hlgh quality corporate bonds), less the falr value of plan assets out of which the obligations ar8 to be 8ettled directly. Fair value is based on market Pri¢8 information, and in the case of quoted securities is the published bld price. The value of a net pension beneflt asset 18 limitsd to the amount that may ba recovered either through reduced contrlbutlon8 or agreed refund8 from the scheme, 1.9 Loue• Rentals payable under operating leases, including any18a88 Inc8ntlves received, are charged as an expense on a straight line basis over the term of the relevant lease. 1.10 Pon•lon• The company partlclpates In a multi employer defined b8n8fit scheme administered by Nottinghamshire County Council (Nottinghamshire Admlsslon Agreement ETC Pension Fund). The amounts charged to operating profit ar8 the current service costs and gains and losses on settlements and curtailments. They are Included as part of staff costs. The int8r8st cost on the expectèd retum on assets are shown as a net amount In oth8r financ6 costs or credlts adjacent to interest. Actuarial galns and losses are re¢ognisad immediately in the statement of total recognised gains and k)sses. The defined benefit scheme 15 funded, with the assets of Ihe scheme hèld $8paratety from those of the company. Pension scheme assets are measured al fair value and liability are measured on an actuarial basls using the projeded unil method. Ful acluarial valuations are obtained periodlcally and are updaled at each balance sheet date. Thè most recent full aduarial valuatlon Is dated 31 Mar¢h 2024. This valuation has been rolled forward using financial assumptions that comply with FRS 102. The r8sulting defined benefrt asset or liablllty Is presented separately after other net assets on the fa¢e of the balance sheet. The company operates a defined contribution penslon scheme for all qualifying employees. The assets of the scheme are held separately from thos8 of the company in an independently administerèd fund. Payments to the scheme are Charged as an expense as they fall due. 1.11 Governmgnt grants Government grants ara regniSed at the fair value of the asset received or receivable when there is reasonable as5ur8n¢e that the grant condttlons wll be met and the grants wlll be r8celved. A grant that specifies performance ¢ondbtlons is r8Lwnised in income when the performance conditions are met. ere a grant does not specify performance condltlons it is recognised in inGome when the proceeds are received or receivable. A grant received before th8 recognition criteria are satisfied is recognised as a 18-
CARERS FEDERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Crfti¢al accountlng estlmate¥ and Judgemonts In the application of th8 charity's accounting policies, the trustees are requlred to make judgements, estimates and assumptions about the carrying amount of assets and liabilities thal are not readily apparent from other sources. The estimates and associated assumptions are based on historical experi8ncé and other factors that are considered to be relevant. Actual results may differ from th8S8 estimates. The 8Stlmat8s and underlying assumptions are revlewed on an ongoing basis. Revisions to accounting estimates are recognised in the perlod In which the estimate is revised where tha revision affects only that perlod, or In the period of the revision and future periods where the revision affects both Current and future period5. Charftsblg actlvllle• 2025 2024 Contr8Ct income- local authority Contract income - Other 1.425.645 55.000 557,646 92,981 1,480.645 650,627 Analysis by fund Unrestrlcted funds Restricted funds 1,375,895 104,750 626,627 24.000 1,480,645 650,827 Other tr•dlng actlvltl08 2026 2024 Training income 42,532 68,792 Other Income 2025 2024 Electricity generation Office rental Other 3.217 60,092 5,073 45,356 1,422 63,309 51,851 19-
CARERS FEDERATION LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movement In funds 2025 2024 The nét movement in funds 1$ stated after chargingl(crediting)'. Fees payable to the charitvs auditor: - for the audit of the ¢harty's financial statements - for the independent examlnation of the charity's financial stst8ments D8preciation of owned tangible fixed assets 8,715 6,592 17,744 17,813 Charltabl• actlvltl•8 2026 2024 Staff costs Premlses rJ)sts Administrative costs Bad debts wrltten off 971,356 25.588 197,721 6,418 602,618 50,707 149,028 1,201,083 802,353 Share of govemance ¢o$ts (see note 8) 53,426 29,359 1,254,509 831,712 Analys1$ by fund Unrestricted funds Restricted funds 1.200,968 53,541 796.880 34,832 1.254,509 831,712 Govarnance costs 2025 2024 Staff costs Audit and accountancy fees Board costs 44,321 8,715 390 22,407 6,592 380 53,426 29.359 -20-
CARERS FEDERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on other tradlng actlvfths 2025 2024 Tralning costs 52,140 68,792 52,140 68,792 10 Taxatlon The tharity is exempt from taxation on its activities because all its Income is applied for charitable purposes. 11 Employ•e• Number ol •mploy••• The average monthly number of employees durlng the year was: 2026 Number 2024 Number 37 18 Employment coats 2025 2024 Wages and salades Social security costs Other penslon costs 833,157 61,858 76,541 502,691 38,883 61,064 971,356 602,818 Remunorafjon of key managomont pernonnel The remun8ration of key management personnel is as follows.. Aggr8gat8 compensation 77,147 66,603 The number of employees whose annual remuneralion was £60,000 or more were: 2025 Number 2024 Number £60,001 to £70,000 21
CARERS FEDERATION LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Trustse rgmunerntion and expendfture The members of Ihe Board of Trustees received £nll remuneration during the year (2024: £nil). During the year. expenses in relation to communlcations, subscriptions, subsistence and travel were reimbur8ed to 5 trustees (2024.. 5 trustees) or p8id directly to third parties totalling £390 (2024: £360) 13 Tanglble flxed a888ts Fr••hold prop•rty Flxtum & flttln oin •qulpm•nt Totsl Co•t At 1 Aprll 2024 Additions Disposals Ravaluation 943,799 6,900 (950,699} 575,000 lO3,C0 55,440 1,102,299 6,900 (950,899) 575,000 At 31 March 2025 575.000 103,080 55,440 733,500 Deprè¢latlon and lmpalrnnt At 1 April 2024 Depr8clatlon charged in the year Eliminated in respect of disposals 404,516 12.450 (418,966) 82,440 1,509 51.586 3.854 538,542 17,813 {416,966) At 31 March 2025 83,949 55,440 139,389 Carylng amount At 31 March 2025 575,000 19,111 594.111 At 31 March 2024 539,283 20,820 3,854 563.757 On 23 May 2025, the freehold property at Christopher Cargill Hous8, 21-23 Pelham Road, Nottingh8m, NG5 1AP was valued at £575,000. The valuatlon was on an open market basis and was made by Noel D Roper FRICS of FHP. The trustees are of the oplnion Ihat the net book value of freehold propety as stated In the ac¢ounts16 an accurate valuation as at 31 March 2025. 14 Dabtors 2026 2024 Amounts falling duè withln one yoar: Trade debtors Other debtors Prepayments and ac¢ru8d income 70,439 4,904 15,909 113,605 2,361 7.746 91,252 123,712
CARERS FEDERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Crndltorn: amounts falling duo wlthln ono year 2025 2024 Other taxation and social security Deferred income Trade creditors Other creditors Accruals 16,721 44,187 6,695 9,415 14,498 10,710 117,735 18,046 7,976 7,877 91,516 162,344 Deferred income is in relation to training courses pald for in advance. 16 Restrfctod fund• The restricted funds of the charlty comprise th8 un8xpended balances of donation8 and grants held on trust Subject to specific conditions by donors as to how they may be used. At 1 Aprfl 2024 Incomlng Ro8ource8 At 31 Mar¢h rn8our¢e4 exp•nd•d 2026 Car8rs' Hub Service Donations Awards for All Carers Hub Digital Notts Gedling Community Group Carers. Hub Natlonal Grid Fund Caregivers Connected Gat8she8d Adums Careglvers Connected Gateshead Young Carers Carers Wellbeing Fund Gateshead Young carers Counselllng 2,249 2,256 500 2,700 (176) (2,256) {9,990J {940) {1,63S) {2,135) {5,304) 4,773 21,000 11,510 1,691 2,135 56 29,167 23.863 14.583 30,000 10,000 (5,305) (24,800) (1,000) 9.278 5.200 9,000 9,771 107,450 (53,541) 63,680 -23-
CARERS FEDERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Restri¢tsd funds (Continued) Pr•vlous year: At 1 Aprll 2023 Incomlng Resources At 31 March re$ourcas axpond•d 2024 Carers, Hub Service Donatlons Awards for All Masonics Carers Hub Cost of libing fund Digitsl Notts Gedling Communty Group Carers, Hub National Grid Fund 5.305 2,897 7,430 {5,953) {5,174) (720) (10,000) (1.070) (4.080) 2,249 2,256 720 10,51XI 1,070 5,000 1,691 500 1,691 2,135 (7,855) 6,025 38,578 (34,832) 9,771 The Carers, Hub Seplice Donations was established to provlde enhanced support to young carers over and above what is possible under the contract with Nottingham Cty Council. The fund balance consists of restricted donatlons provided for this purpose. Awards For All Is working in partnership with Ihree prlmary schools in deprived areas of Nottingham City to identify and support hidden young carers (5-11 years). The project's alms to reduce, or improve, the caring role of the young carer,18ssen isolation, and increas8 posslblllts-es to link with other young ers. Outcomes Include improved school attendance, educational attainment. and support with kéy Ilf8 transltlons. Carers Hub is an opportunty for carers and various organisations to apply for fijnding toward setting up Carers Groups in and around Nottingham and Nottlnghamshire. Dlgltal Notts is to support carers who are digltally excluded to become trained by digital champions around being able to access H8alth APPS and the NHS APP to improve thelr own wellbeing, alongside upskilling around job searches applications etc. -24-
CARERS FEDERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Restricted fund$ {Contlnued) Gedling Community Group Is to support the Gedling group of Carers in having a break from th8ir caring role by organising various trips out and a$$ to heatth and wellb8ing activities. Car8rs' Hub National Grid Fund was awarded to reduce fijel poverty and provide wami packs (which incjude energy bulbs. draft insulations, radlator keys, wann blanket, hand wanner and radiator refl8Ctor foil) to carers In preparation for cold weather (winter months) alongside providing proféssional advice and infomiatlon sessions for carers on how to reduce energy costs and changing energy providers (much the same as Westem pow8r). Careglvers Connected Gateshead Adults is fvnding for unpaid Adult caregirs to have the opportunity to apply for funding towards having a break from their caring role, Ihe fur)ding can be used for days out, wellbelng 8Ctfvitles, pamp8rs days, social activities etc. The fundlng Is to support carers in being able to positively impact on their own mental health and general wellbeing alongside reducing isolation. Caregivers Connected Gateshead Young Carers 18 lundlng for Young Carers to able to apply for funding towards a laptop, games consoles or access to various wellbeing activities such a$ football swimming etc to provide a break from the caring role and Improve tholr own mental health and general wellbeing alongslde reducing isolation. Carers Wellbeing Fund Is fundlng for unpaid Carer8 living in Nottinghamshire to havo the opportunriy to apply for funding towards having a break from their caring role, th8 funding can be used for days out, wellbelng activities, pampers days, soclal activiti8s etc. The funding is to support carers in belng able to positively Impact on their own mental health and general wellbeing alongslde reducing isolation. Gateshead Young carers Counselling is to provide a service for Young Carers living in Gateshead to aGce8S counselling should they be struggling wlth their own Mental Health and Wellbeing. Masonics aims to deliver online cookery courses during lockdown for the Young Carers. Cost of living fund is to work with YC'S In Nottlngham8hlre to facilitate and provlde Nutrftlon and cookery workshop3 both face to face and online. 17 Unrestrlcted funds The unrestricted funds of the Charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how Ihey may be used. These include designated funds whlch have b88n set aside out of unrestricted funds by the trustees for specific purposes. At 1 Aprll 2024 In¢omlng r080urc88 Resources oxponded Galns and At 31 March 108$e8 2026 General funds 1,824,964 1,510,754 (1,253,108) 995,267 3,077,877 Prevlous year. At 1 April 2023 Incoming rosources Resources expended Galns and At 31 March losses 2024 General funds 1,139,616 785,020 {865,672) 766,000 1,824,964 -25-
CARERS FEDERATION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18 Retlremgnt beneflt 8cheme8 Deflned contrlbutlon schemes The charty operates a deflned contribution pension sch8m8 for all qualifying employees. The assets of the scheme are held separately from those ofthe charity in an independently administ8r8d fund. The charge to the statement of financial activitl8s In respect of defined contribution schemes was £28.170 12024,, £14,730). Dellned bonoflt 8chomes Th8 company operates a defined benefit statutory scheme. The most recent comprehensiv8 roll8d on actuarial valuation report was carried out on 31 March 2025 by Bamett Waddingham. Value of scheme assets and liabilities- 2025 2024 Market value of assets Present value of scheme Ilabllltles 8,068.000 8,179,000 {6,528,000> (7,626,000) Surplus I deficlt In scheme 1,538,000 553,000 Net pension asset l {liability) 1,538,000 553.000 Interest recognised as (income) l expens•'. {31,OCQ) 9,000 Actuarial galn81(108$es)'. 954,000 766,000 Principal actuarlal assumptlons.. Discount rat89 Pension increases Salary increases 5.85Q 2.900/0 4.95% 2.85% 3.850 -26-
CARERS FEDERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Oporating leas• commltments Les800 Al the reporting end dale the Charity had outstanding Commitments for futur8 minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2025 2024 Within one year Between and five years 11,332 1,980 5,174 1,512 13,292 6.888 20 R•latod party transactions There were no disclosable related paty tran88ctlons during the year {2024 - none). 21 Analys1• of net a880ts between fund• Unro8trlct•d fund8 2025 Re8trl¢tod fund• 2025 Totsl 2020 At 31 March 2026: Tangible assets Current assetsl(liabilities) Provisions and pensions 594,111 945,766 1,538,000 594,111 1,009,446 1,538,000 83,680 3,077,877 63,880 3,141,557 Unro¥trlcted funds 2024 RtrIcted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl{Ilabllltles) Provisions and pensions 583,755 708,209 553,000 563,755 717,980 553.000 9,TT1 1.824,964 9.771 1,834.735 -27_
CARERS FEDERATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Cash generated from oporations 2025 2024 Surplus for the year 1,265.553 689.094 Adlu8tm8nts for.. Investment income recognised in statement of financial activities Depreclation and impairment of tangible red assets Pension gain Difference beeen pension charge and cash cJ)ntributions (28.748) 17,813 (954,000) {31.000) (37,604) 17,744 (766,000> 9,1)00 Movements in worklng capital: Decreasel(in¢rease) in debtors Increase in creditors (Decrease)fincrease in deferred income 32,460 2,no (73,548) (85,082) 15,849 89,797 Caoh gonoratsd from1(ahord by) oporatlon• 231,250 (87.202) 23 Analy918 of chonge8 In net lunds At 1 Aprll 2024 Cmh flowoAt 31 M•r¢h 2026 Cash 8t bank and In hand 756,612 253,098 1,009,710 -28-
CARERS FEDERATION LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Prior period adiustmont chang to the balance shoot At 31 March 2024 A8 prevlously AdJu8tm•nt r•ported A8 ro8tatsd Currgnt a8$ots Bank and cash 733.066 23,548 756.612 Capital funds Income funds Restricted funds UnrestTlcted funds 9,771 1.801,418 9,771 1,824,964 23,546 Totsl equlty 1.811,189 23,546 1,834,735 Change4 to the profit and lo$• account Perfod ondod 31 March 2024 As pMvlou81y Adlu•thi•nl AS rostatsd r•port•d Investments 14,058 23,546 37,604 Net movement in funds 865,548 23,546 689,094 During the year, the charity identified that bank interest income amounting to £23,546, relating to the year ended 31 March 2024, had not been recognised in the financlal statements for Ihal period. As a result, the comparatives for the year ended 31 March 2024 hav8 be8n restated to include this income. The effed of this adlu8tm8nt Is as follows: The opening fund balances as at 1 April 2024 have been increased by £23,546. The net income for the year ended 31 March 2024 has been increased by £23.546. There is no Impact on the current year's results beyond th8 restated openlng balances. -29-