Charity Reglstratlon No. 1050808 Company Reglstratlon No. 03124430 (England and Wales SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CARERS TRUST Sefton Carers Centre
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr M Kundi- Chair Mrs P W Coventry MrA M Bridson Mr D Amccullough Ms S Rimmer Ms J C Mcmillan Mr Paul Howard (Appointed 15 June 2023) (Appointed 15 June 20231 (Appointed 31 May 2024) Senlor management leam Chief Executive Mrs V Keeley Head of Finance Mrs K Spurling Head of Performance and HR Mr P Blundell Head of Service Development & Quality Mrs C Johnston Direct Payments Lead Mrs K Thomas Carers Services and Safeguarding Lead Ms R Darvill Young Carers Lead MrA Deacon Personal Health Budgel Lead Mrs H Vernon Secretary Mrs V Keeley Charlty number 1050808 Company number 03124430 Prlnclpal address 27-37 South Road Waterloo Liverpool L22 SPE Reglsterod offlce 27-37 South Road Waterloo Liverpool L22 SPE Auditor Mitchell Charlesworth (Audit) Limited Suite 5.1 Tempest 12 Tithebarn Street Liverpool L2 2DT Bankers Santander UK PLC Bridle Road Bootle Merseyside L30 4GB
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION Sollcltors Brabners LLP Horton House Exchange Flags Liverpool L2 3YL Insurers Q UndeNriting Rossington's Business Park Wesl Carr Road Retfird Nottinghamshire DN22 7SQ
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE CONTENTS Page Chairman's statement Trustees, report Statement of trustees, responsibilities 10 Independent auditor's report 11-14 Statement of financial activities 15-18 8alance sheet 17 Statement of cash flows 18 Notes to the financial statements 19-37
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 Introduction The last 12 months have been challenging to maintain our services in a changing and unpredictable world of financia5 hardship. Sefton Carers Centre has faced these challenges ensuring we continue to support unpaid carers across Sefton. We have supported developments and partnerships in health programmes. to increase the voice of carers in areas such as h05Pital discharge. whilst highlighting new obligations under the Heallh and Care Act 2022. Our seniices have increased to cover a wider range of carers needs and we have promoted innovations in technology, to support carers in their caring role, such as falls motion detectors. The financial impact on carers is increasing with the cost of living rises and we have developed a new project to meet this need as well as changing how we deliver financial support to carers who have been assessed as needing additional help. As we enter our 30th year of Servi to carers in Sefton, we plan to increase the acknowledgement of carers and the vital role they have in our community. Our key servlce actlvltles Hospltal Dlscharge Support- Following the publication of the Health and Care Act 2022, carers could now have voice in the person they care for discharge planning. This was a massive step forward to supporting the whole family approach in a health model. To support this development Sefton Carers Centre obtained external funding to create direct support for carers, who cared for someone who is due to be discharged from hospital, which considers the impacts to the carer. The project was developed to work in partnership with the NHS and with voluntary sector groups who support cared for. The project has been highlighted as best practice in the largest UK Health conference, NHS ConfedExpo 2023. PayoutNow - Sefton Carers Centre is commissioned to provide carers wth assessments of their needs as part of our contract with Sefton Council. An element of the assessment may lead to a financial contribution via the council to provide support to the carer as identified in their support plan. To make this payment, sensitive information was required, which could be problematic under data protection and cause delay in payments being made. Sefton Carers Centre have reduced this via an agreement wth the Post Office to allocale QR codes to enable carers to collect payments from any convenient Post Office, via a letter or email, to enable faster and more convenient payments. Personal Health Budgets {PHBs) - This service provides tailored support for families vtho have been assessed as qualifying for Continuing Health Care (CHC) funding. The service enables families to have flexibility in their health plans lo employ and purchase care to rneet their needs and lifestyles. The service provides wrap around support from payroll to training and also includes independent advocacy from the start of the enquiry via Sefton Advocacy. The service has now expanded into Liverpool and is developing new ways of providing information and advice and is due to launch a new website in 2024. All Age Sefton Carers Strategy - This is a vital document for carers and to inform on service developments in a wide range of areas including housing and education as well as health and social care. The slrategy will run for a number of years and for the first lime will be all ages. Sefton Carers Centre have been championing the development of this document and the need for an action plan to ensure accountability. Following consultation, the final, first, all age carers strategy for Sefton will be launched in 2024 and run until 2027. Carers Christmas Party We have always hosted a carers Christmas party which is a key date in our annual calendar but following the pandemic it has taken some time lo build confidence for its full return. This year demand for the party was larger than ever with over 1 $0 carers attending at the Ferndale in Waterloo. Carers Charter - We have been working with Merseyside and Cheshire ICB to enable the development of a new document called the Carers Charter. Sefton Carers Centre has supported the creation of the charter to enable health professionals in our ICB understand the importance of carers and how they are to be supported. The Charter htl s.'Ilwww.cheshireandmerse side.nhs.uklmediale 3fiumOlcm-carers-charter-version-1. df is a key document to highlight whal carers can expect from health services
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE CHAIRMAN'S STATEMENT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Volunteers – I would also like to highlight our 54 volunteers who provide key services such as counselling, listening ear, coffee morning and support services. Without their keen dedication we would not be able to provide the services we do and this was highlighted at our annual volunteer “thank you” event via The High Sheriff of Merseyside, Dr Ruth Hussey, who kindly presented certificate of thanks to all our volunteers who have made over 2000 hours of contributions.
Service development and delivery of quality services are of key importance to Sefton Carers Centre to ensure carers receive the highest standard of service provision. ISO 9001 quality mark, which is an internationally recognised Quality Management System standard has been held by Sefton Carers Centre since 2019. The organisations review and reassessment of this mark took place in March 2023 and we were pleased to achieve a Grade 1 pass and recertification of ISO 9001.
Myself and my fellow trustees remain very proud of the dedication and achievements of our staff and volunteers and thank them for their continued dedication in supporting unpaid carers in Sefton. I would also like to thank our funders for their support.
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Mo Kundi Chairman
17/10/2024 Date: .........................
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SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and financial statements for the year ended 31 March 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's memorandum and articles of associalion, the Companies Act 2006 and 'Accounting and Reporting by Charitie5. Statement of Recommended Practice applicable to charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)° (as amended for accounting periods commencing from 1 January 2019). The work ol the Cenlre In focus Governance Good governance is fundamental to the success of any chaTity and as a governing board we recognise our collective responsibility to ensure that the Centre is governed effectively and responsibly. In order to maintain high standards of governance the Board regularly assesses its own perfonnance against the 7 principles of the Charity Commission's 'Good Governance, Code: 1. Organisational purpose 2. Leadership 3. Integrity 4. Decision making & risk control 5. Board effectiveness 6. Diversity 7. Openness & accountability Because of its Strength in each of these key areas the Centre achieved the ISO 9001 quality management standard in April 2019 and reviewed 2024. A well governed and well managed organisation which knows what it is trying to achieve is more likely to attain its objectives than one which isn't. therefore below we make a strong and clear statement of our vision. mission and value5. Our vlslon A worfd in which the role and contribution of unpaid carers is recognised and valued and where carers have access lo support and services of the quality that Ihey need to live their own lives Our mlsslon As sel out in our Memorandum ofAssociation'. The charity is eslablished for the relief of peOn8 who are ill, disabled. or elderty, and their CarS by any charitable means, to include bul not $tricted to the provisK)n of informalion and support within the Melropolitan BorDugh of Sefton or elsewhere 8S the tnjstees shall determine. In pursuing these objectives the trustees have had regard to the Charity Commission's guidance on public benefit. In order to achieve our obj'ectives we have striven throughout the year to ensure ihat Sefton's carers.. . Are recognised, not isolated and don't have lo carry the burden of caring alone Have access to information, advice and guidance so that they can make good decisions about the support they need Receive the setvices and support they need in order to stay well . Are respected and valued by professionals and the wider communty . Are supported to retain their employment or lo find a job if they want one Have a life of their own beyond caring.
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Our values Our values are very important to us, they have guided our decision making over the past 29 years and they will continue to do 80 in the years to come. Therefore. as an organisation we will continue to.. Listen to Carers. Respect the dignity of Carers and their families. Work in partnership. Use our resources efficiently and effectively. Be a dynamic learning organisation. Be open, honest and transparent. Value diversily and equal opportunities. Our work has a three-fold focus, that of.. 1. Strateglc Partner 2. Welfare Servlce Provlder 3. Advocate for Carers As a Strateglc Partner. Ilve have sought opportunities to influence local strategic planning and to shape the development of the services upon which Carers and Ihose they care for depend. Regular dialogue has been maintained throughout the year with the Senior Leadership Team of Sefton Council's Adult Social Care Department, Children's Services and in the new development of the ICB for Merseyside and Cheshire, Sefton Place, As a Servlce Provlder - Adult Carers VR are commissioned by Seflon Council, ICB for Merseyslde and Cheshire, Sefton Place to deliver the following services to adult carers (18+1 resident within the Borough of Sefton: Carer's Assessments and Reviews, Personal Support Plans and Reviews, Advice, Information, Guidance, Resplte seNices, Welfare benefits advice. Advocacy 5UPPOrt, Ski118 for care, Emotional support, Life-long learning and training opportunities. Direct Payments support, Activity based support groups {virtual), Drop-in facilities, Independent living advice, Personal Health Budgets support Counselling, Family Carer support, Parent Carer support, Leisure and social activities, Living Well Sefton. a quarterly newsletter. Carers Emergency Card, Befriending, Listening Ear. We are also commissioned by Sefton Council to deliver a camprehensive support service to young carers aged 5 - 17 years and transition support for young carers and young adult carers aged 18 to 25 All our services are delivered by a mix of specialist staff teams and trained volunteers. As an Advocate for Carers We continually urge Sefton Council and our local ICB to increase their investment in services which support Carers, We do this because we believe that carers can be part of Ihe solution to budgetary problems. Carers are unlike any other vulnerable group, Ihey put in more into the local health and social care economy, (their unpaid care), than they take out. They are in effect, subsidising that economy by their unpaid efforts. Carers Voice has been very active during the year speaking up for carer5 across Sefton. Our strateglc priorltle$ Identify and support the most vulnerable Carers Reduce the Centre's financial dependency upon Sefton Council and our local IC8 by raising income from other sources. Continuously improve the Cenlre's management and service performance Increase the influence that carers have over the seTvices that affect Iheir lives Develop collaborative partnerships with health & social care organisations which will benefit carers.
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Rlsk assessment As recommended by the Charity Commission the Centre's Senior Management team conducts an annual assessment of the risks which the Centre must manage if it is to remain an efficient and effective organisation, Risks are identified and assessed under the following headings., Governance Financial Operational External Regulatory and compliance The trustees have assessed the major risks to vthich the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. The conclusions of our current risk assessment are available upon request. Financlal revlew For 2023124 financial year, Ihere is a nel surplus final position that in the main was generated from interest income, with the Centre benefitting from the prevailing high interest rates throughout the year. There were also some surpluses on premises budgets, following the renegotiation of the electricity contract and a refund on buslness rates So, along with some slaff vacancy savings, these budget areas enabled a favourable financial position at the end of 2023124. During 2023124 the budget continued to be supported by the utilisalion of a restricted reseNe, in agreement with the relevant funder, that had enabled a modest salary increase in November 2022, in an attempt to retain staff, following a surge of staff leaving to seek improved pay. However, there were no funds available for a further pay award for staff in 2023124 financial year. There was no inflationary uplift in 2023124 from the Cenlr8's main funder, The Council did however provide additional funding in 2023124, for posts to support the Direct Payments team, given Ihe increased demand from the Childrens aspect of the service. Funding from the Energy Savings Trust, Energy Redress Funding had been agreed for two years, enabling the direct employment of two members of staff and Working in partnership with the Council's Affordable Warmth Team,. the aim of this project being to reduce Ihe overall cost of living for unpaid carer8, providing long term impact to utility cost increases. In addition, funding from the Burbo Bank Extension Community Fund had enabled the employment of a part-time unpaid carer liaison support worker, during 2023124, lo assist the Centre to support a dedicated unpaid careT5 hospital discharge project. In the final quarter of Ihe year some additional NHS funds were received to resource the expansion of activity in the Personal Health Budget Support team, with some cases from Liverpool now being received. Some other smaller grants were also secured in-year to support Carer Training (Living Well Sefton), Digital Connectivity O/OLA- Liverpool City Region) and energy initiatives (Asda). Looking ahead to 2024125. the Centre's operation continues lo be reliant on funding mainly from Sefton Council. The economic environment for the sector continues to remain challenging with pressures on both health and social care budgets. locally and nationally. The Council had agreed to supporl the Centre's services for two years from 1 April 2023 while a strategic review is undertaken. The Chief Executive continues to liaise with the Council lo demonstrate the financial pressure of maintaining the current level of service provided by the Centre. While the Council has provided an inflationary increase in. 2024125. for Ihe first time in many years, there is no funding agreed yet beyond 2024125 for a Servi which is a ststutory responsibility of Ihe Council. In order to plan and operate a service successfully, adequate resources are required with funding agreed for the Cenlre over a longer term. There has been no notification of an inflalionary uplift, for 2024125. by the NHS, for core and family support services. A new two-year contract is in place for Living Well services from April 2024. The Personal Health budget support service contract has been extended to March 2026 with additional funding for the increased Sefton caseload and for the newly acquired Liverpool caseload. The Energy project comes to an end in February 2025 as does Triangle Trust funding for a Young Carers Project. The Centre continues lo seek additional external funding, to integrate with existing services, to further support Carers. So far this year, one-off funding has been received from the Voluntary Sector North West as part of the Carer Support Programme for 8SSlStance with a review into Cheshire and Merseyside strategies. A lottery award has also been received from Sports England to pay for sports coaching and equipmenl for carers. Living Well Sefton has provided a one -off payment to support parent carer activities and Sefton CVS has awarded a Heritage grant lo support carer adivities.
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The budget for 2024125 was considered by TTU5tees in February 2024 and subsequently revised in June following the notification of the inflationary uplift from the Counul. The additional Council resources enabled Truslees to agree a pay award for the financial year. The budget continues to be supported by the agreed use of a restricted reserve, to fund the November 2022 pay award, until October 2024. There continues to be inflationary pressures on the Centre's running costs and the Centre is also a Real Living Wage employer and the uplift announcement in Aulumn 2024 will have a cost impact for some of the Centre's posts. The financial impact on carers is increasing with the cost of living ri5e5 so demand for carer setvices is expected to remain high. It is expected that while interest rates remain high there will again be some additional income, from this source, lo assist with any in-year pressures. For 2024125 the Centre is confident of managing within the budget resources available. However, some of the resources are one- off in 2024125 and with no knowledge of 2024125 funding levels, from the Council, it is difficult to make any new longer term service commitments at this stage. The budgel will continue to require careful monitoring to ensure early identification of any pressures to enable timely decisions to be made where appropriate. Trustees have set aside reserves, as outlined below, acknowledging polential financial Tisks but also recognising the need to develop services and lake advantage of evolving business opportunities. Reserves Given the financial situation outlined above it is imperative that financial reserves provide some resllience lo potential financial challenges going lorward. This year, following the final accounls process, the Trustee5 have set aside funds of £234,000. £14,850 is required lo maintain the short-term reserve, representing 4 weeks of operating costs. To maintain the long-term reserve, at 5fy/0 of staffing Gosts, an additional £7,450 is required. With the continued cost of living crisis and pressure on funders. budgets, Ihen a sum of £49,000 has been set aside to assist with the continued risk of staff retention. Given the rising costs in building works and equipment, £76,700 has been added to the existlng building an(1 equipment reserve, to assist with any unforeseen building requirements. The Centre's lease, for tKcupalion of the second floor, currently ends in February 2025. lIe request has been made for an extension to the lease, while the current occupant finalises new accommodation, £80,000 has been sel aside to assist with any gap in occupancy and hence rental income and legal and estate agent fee costs. Finally, £6,000 has been pul into a marketing reserve, to enable updating of rnaffteling materials to promote the Carers Trust brand. Designated funds at the end of Ihe year totsl £1,280,868 including the fixed asset reserve of £555,053 (2023.. £1,070,880 with fixed assel reseNe £578.154) Free resources available, following the review of reserves undertaken as outlined above, are £165.830 (2023= £137,786)
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Organlsatlon Structure 2023 to 2024 )rn ,xI 11
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Performance Summary 2023 to 2024 ¥li Flk 'lE 511 @@ ril
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management
The trustees, who are also the directors for the purpose of company law, and who served during the year were:
Mr M Kundi - Chair Mrs P W Coventry Mr A M Bridson Ms S Bickerton (Retired 19 October 2023) Mr H G Greenwood (Retired 15 June 2023) Mr D A McCullough Ms S Rimmer (Appointed 15 June 2023) Ms J C McMillan (Appointed 15 June 2023) Mr Paul Howard (Appointed 31 May 2024)
Sefton Carers Centre Senior Management Team pay increases are only awarded in line with pay increases approved by the Board of Trustees for all staff.
Auditor
In accordance with the company's articles, a resolution proposing that Mitchell Charlesworth (Audit) Limited be reappointed as auditor of the company will be put at a General Meeting.
Disclosure of information to auditor
Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.
Small company provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
The trustees' report was approved by the Board of Trustees.
Mr M Kundi - Chair
Trustee Dated: 17 October 2024
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SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who are also the directors of Sefton Carers Centre for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United lQ'ngdorn Generany Accepted Accounting Practice). Company Law requires the trustees to prepare financial siatements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that year. In preparing these financial statements, the Irustees are required to: select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudenL and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records thal disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularities. The trustees are responsible lor the maintenance and integrity of Ihe charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and disseminalion of financial statements may differ from legislation in other jurisdictions. 10-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SEFTON CARERS CENTRE Opinlon We have audited the financial statements of Sefton Carers Cenlre (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet. the statement of cash flows and the notes to the financial statements. induding 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 Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Iland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure. for the year then ended", have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice" and have been prepared in accordance with the requirements of the Companies Act 2006, Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UKI) and applicable law. Our responsibilities under those standards are further described in the Auditors msponsibilities for Ihe audit of Ihe fin8nci81 slatements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'S Elhical Standard, and we have fulfilled our other ethical responsibilities in accordance th Ihese requirements. We believe that the audit evidence we have obtained is suificient and appropriate to provide a basis for our opinion. Concluslons relating to golng concem In auditing the financial statemenls, we have concluded thal the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relaling to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period ol at least twelve months from when the financial statements are authorised for issue. Our responslbillties and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other Infomiatlon The other information comprises the infarmation included in the annual report other than the financial statements and our auditorfs report Ihereon. The trustees are responsible for the other information contained wthin the annual report. Our opinion on the financial statements does not cover the olher information and, expt to the extent othenNise explicitly stated in our report, we do not express any forni of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistent wth the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material mlsstatements, we are required lo determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material misstatement of this other informats'on, we are required to report that fact. We have nothing to report in this regard. 11
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF SEFTON CARERS CENTRE Opinlons on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the trustees, report. which includes the directors, report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statemenls., and the directors, report included within the trustees, report has been prepared in accordance wilh applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of Ihe knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatemen18 in the directors, report included wtthin the trustees, report. We have nothing to report in respect of the following matters in relation to lch the Companies Act 2006 requires us to report to you if, in our opinion.. adequale accounting records have not been kept, or returns adequate for our audit have not been received from branches nol visiled by us- or the financial statements are not in agreement with the accounling records and returns., or certain disclosures of trustees, remuneration specified by law are not made., or we have not reIVed all the information and explanations we require for our audit., or the trustees were not entitled to prepare the financial statements in accordance with Ihe small companies regime and take advanlage of the small companies, exemptions in preparing the trustees. report and from the requirement to prepare a strategic report. R8sponslbllltles of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the tharity for the purpose of Company law, are responsible for the preparation of the financial statements and for being satisfied thal they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misslatement. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable. matters related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realislic altemative but to do so. Audltor's responslbllltles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whelher the financial statements as a whole are free from material rnisstalement, whelher due to fraud or error, and lo issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee thal an audit conducted in accordance with ISAS (UK) will always delecl a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 12-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF SEFTON CARERS CENTRE Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, oullined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud, is detailed below. The extent to which the audlt was consldered capable of detecting Irregularlt5es, includlng fraud Our approach lo Identifying and assessing the risks of material misstatement in respecl of irregularities, including fraud and non-compliance with laws and regulations, was as follows.. the engagement partner ensured Ihat the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. we idenlified the laws and regulations applicable to the charity through discussions with trustees and other management., we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Companies 2006, taxation legislation and data protecticn, anti-bribery, employment and health and safety legislation., we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence., and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur. by.. making enquiries of management as to where they considered ihere was susceptibility to fraud. their knowledge of actual, suspected and alleged fraud; and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulalicns. To address the risk of fraud through management bias and override of controls, we: performed analylical piocedures to identify any unusual or unexpecled relationships., lested jOLfrnal entries to idents'fy unusual transactions., assessed whether judgements and assumptions made in determining the accounting eslimales Yre indicative of potential bias; and investisated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with lav and regulations, we designed procedures which included, but were not limited to- agreeing financial statement disclosures to underlying supporting documentation., reading the minutes of meetings of those charged wilh governance, and enquiring of management as to actual and potential litigakn'on and claims. There are inherent limitations in our audit procedures described above. The more removeé that laws and regulations are from financial transactions, the less likely it is that we would become aware of non compliance. Auditing slandards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if 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 available on the Financial Reporting Council's website at.. htlps'.11 www.frc.org.uklauditorsresponsibilities. This description fomis part of our auditorfs report. 13-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF SEFTON CARERS CENTRE Use of our report This report is made solely to the charitae cornpany's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stste to the charitable company's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest exient permitted by law, we do not accept or assume responsibility to anyone other Ihan the charilable company and the charltable company's members a5 a body, for our audit work. for this report, or for the opinions we have formed. Loulse Cas8y ACA (Senlor Statutory Audltor) for and on behalf of Mltchell Charlesworth {Audlt) Llmlted 0611112024 Chartered Accountants Statutory Audltof Suite 5.1 Tempest 12 Tithebarn Street Liverpool L2 2DT 14-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current flnanclal year Unrestricted Restrlcted funds funds 2024 2024 Total Total 2024 2023 Notes Income from: Donations and legacies Charitable activities Investments 3,147 653,797 62,028 3,147 1,602,504 62,028 4,197 1,272,989 19,529 948,707 Total Income 718,972 948,707 1,667,879 1,296,715 Ex endlture Raising funds 1,195 1,195 1,129 Charitsble activities 527,102 964,392 1,491,494 1,334.847 Total expendlture 528,297 964,392 1,492,689 1,335.976 Net Incomlnglloutgolng) resoUe5 before transfers 190,675 {15,685) 174,990 (39,261) Gross transfers between funds 14 47,357 (47,357) Net Incomel{expendlture) for the yearl Net movement In funds 238,032 (63,042) 174,990 (39,261) Fund balances at 1 April 2023 1,208,666 155,430 1,364,098 1,403,357 Fund balances at 31 March 2024 1,446.698 92.388 1,539.086 1,364,096 The statement of financial activities includes all gains and losses recognised in the year. All income and expendilure derive from continuing activilies. The Statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 15-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prlor flnanclal year Unrestrlcted Reslrlct8d fund8 funds 2023 2023 Total 2023 Notes Income from: Donations and legacies Charitable activities Investments 4,197 537,010 19.529 4.197 1,272.989 19.529 735,979 Total Income 560,736 735,979 1,296,715 ndl Raising funds ure 1,129 1,129 Charitable activities 565,512 769,335 1,334,847 Total expendlture 566,641 769,335 1,335,976 Net Incomlngl{outgolng) ra8ources before transfers {5,905) (33,356) {39,261) Gross transfers between funds 14 14,398 (14,398) Net Incomellexpendlture) for the yearl Net movement in funds 8,493 (47,754) (39,261) Fund balances at 1 April 2022 1,200,173 203,184 1.403,357 Fund balances at 31 March 2023 1,208,666 155,430 1,364,096 16-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE BALANCE SHEET
AS AT 31 MARCH 2024
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Tangible assets | 15 | 555,054 | 578,155 | |||
| Investments | 16 | 1 | 1 | |||
| Total fixed assets | 555,055 | 578,156 | ||||
| Current assets | ||||||
| Stocks | 17 | 1,541 | 1,595 | |||
| Debtors | 19 | 134,098 | 65,696 | |||
| Cash at bank and in hand | 955,071 | 816,926 | ||||
| 1,090,710 | 884,217 | |||||
| Liabilities | ||||||
| Creditors: amounts falling due within one | 20 | |||||
| year | (106,679) | (98,277) | ||||
| Net current assets | 984,031 | 785,940 | ||||
| Total assets less current liabilities | 1,539,086 | 1,364,096 | ||||
| The funds of the charity | ||||||
| Restricted funds | 24 | 92,388 | 155,430 | |||
| Unrestricted funds-general | ||||||
| Designated funds | 26 | 1,280,868 | 1,070,880 | |||
| General unrestricted funds | 165,830 | 137,786 | ||||
| Total unrestricted funds | 1,446,698 | 1,208,666 | ||||
| Total charity funds | 1,539,086 | 1,364,096 | ||||
| The accounts were approved by the Trustees on 17 October 2024 | The accounts were approved by the Trustees on 17 October 2024 | |||||
| Mr M Kundi - Chair | Mr A M Bridson | |||||
| Trustee | Trustee | |||||
| Company Registration No. 03124430 |
- 17 -
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operallng actlvltles Cash generated froml(absorbed by) operations 28 76,117 1139,789) Investlng actlvltSes Investment income received 62.028 19,529 Net cash generated from Investlng actlvltles 62,028 19,529 Net cash used In flnanclng actlvltl85 Net Increaselldecreasel in cash and cash equlvalents 138,145 (120,240) Cash and cash equivalents at beginning of year 816,926 937,166 Cash and cash equlvalents at end of year 955,071 816,926 18-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounllng pollcle5 Charlty Informatlon Sefton Carers Centre is a private company limited by guaranlee incorporated in England and Wales. The registered office is 27-37 South Road, Waterloo, Liverpooi, L22 SPE. 1.1 Accountlng conventlon The accounts have been prepared in accordance wth the charity's memorandum and articles of association, the Companies Act 2006 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" as amended for accounting periods commencing from 1 January 2019. The charity is a Public Benefit Entity as defined by FRS 102. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared on the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial slatement5, the trustees have a reasonable expectats'on Ihat the charity has adequate resources to continue in operalional existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at Ihe discretion of the trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes, The purposes and uses of the designated ndS are set out in the notes to the financial slatements. Restricted funds are subject to specific conditions by donor5 as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably. and it is probable that income will be received. 19-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles (Contlnuedl Income from donations and grants. induding capital grants. is included when these are receivable, except as follows.. When donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred untll those peri¢xls. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and nol included until the preconditions for use have been met. Vlhen donors specify that donations and grants, including capital grants, are for partlcular restricted purposes, which do not amount to preconditions regarding entitlement, this income is included as restricted funds when receivable. Voluntary income includes discretionary grants for projects, goods and services where no seNice agreement or contract exists. Other granls, vthich have particular service requirements and which are provided in aGcordance with a contract or service level agreement are induded in the Statement of Financial Activities under the heading Income from Charitable Activities. Rental income from operating leases (net of any incentives given to the lessees) is recogni5ed on a stTaight- line basis over the lease lerm. Interest is included when receivable by the charity. 1.5 Expendlture Charitable expenditure comprises those costs incurred by the charity in the delivery of ils activities and services for its beneficiaries. 11 includes both costs that can be allocated directly to such aclivilies and those costs of an indirect nature necessary to support them. Staff costs are apportioned between activities on the basis of an assessment of the head count within those activilies. All overhead costs are apportioned between activities on the basis of an assessment of the head count within those activities. Governance costs are those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the slrate9ic management of the charity. 1.6 Tanglble flxed assets Tangible fixed assets are measured at cost. nel of depreciation and any impairment losses. All assets costing more than £1.000 are capitalised at cost. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows.. Freehold property Fixtures, fittings & equipment Straight line basis over 50 years Straight line basis over 5 or 10 years -20-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles {Continued) th the adoption of FRS102 in 2016, the charity took the option to include the property at deemed cost. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of Ihe asset. and is recognised in net incomel(expenditurel for the year. 1.7 Fixed asset Investments Fixed asset investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impaimient at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in net incomel (expenditure) for the year. 1.8 Impalrment of flxed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaimient loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determlne the extent of the impairment loss (If any). 1.9 stocks Stocks of item8 held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost. 1.10 Ca8h and cash equlvalents Cash and cash equivalents indude cash in hand and deposits held at call with banks. 1.11 Flnanclal Instruments The charity has elected to apply the provisions of Sectlon 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments, Financial instrumenls are recognised in ihe charitys balance sheet when the charity becomes party to the contractual provisions of the instrument. Basic flnanclal assets Basic financi81 assets. which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a markel rate of inlerest. Financial assets classified as receivable within one year are not amortised. Derecognition of flnancial assets Financial assets are derecognised cfity when the contractual rights to the cash flovrfs from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significanl risks and rewards of ownership are relained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. Basic financlal liabilities Basic financial liabilities, including creditors and bank loans are initially Tecognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value af Ihe future receipts discounted al a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Derecognltlon of financlal liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. -21
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcle5 {Contlnued) 1.12 Employee beneflts The cost of any unused holiday enlitlemenl is recognised in the period in which the employee's seNices are received. Tennination benefits are recognised immediately as an expense when the charity is dernonstrably committed lo terminate the employment of an employee or to provide temiination benefits. 1.13 Retlrement beneflts The charity operates a defined contribution scheme for selected employees. Contributions are charged to Ihe SOFA in the period to which they relate. 1.14 Leases Rentals payable under operating leases, induding any lease inntiveS received, are charged as an expense on a straight line basis over the term of the relevant lease. 1.15 Taxatlon The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation lax on income or gains falling wilhin those exemptions. Recovery is made of tax deducted from qualifying income and from receipts under gift aid. The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT. Crltlcal accountlng estlmates and Judgemenls In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparenl from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the Tevision affects only that period, or in the period of the revision and future periods where Ihe revision affects l)oth currenl and future periods. Donatlons and legacles Unrestrlcted Unrestrlcted funds funds general general 2024 2023 Donations and gifts 3,147 4,197 -22-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvltles Welfare & provlslon sorvlces Advice & Inforfflatlon ser4lces Totsl 2024 Welfare & pTovlslon seNlce$ 2023 Advl¢e & Informatlon sèThIc86 Total 2023 2024 2024 2D23 Services provided under contract Performance related grants Ancillary trading income other income 1.019.920 351,408 1,371,328 835,016 318,355 1,153,371 36,301 117,978 154,279 74,174 74,174 69,582 7,295 69.582 7,315 38,285 7,159 38,285 7,159 20 1,133,098 469,406 1,602,504 954,634 318,355 1,272,989 Analysis by fund Unrestricl6d funds - general Restricted funds 653.797 479,301 653,797 948,707 537,010 417,624 537,010 735,979 469.406 318.355 1,133,098 469,406 1,602,504 954,834 318,355 1,272,989 Performance related grantg Sefton MBC Asda (Winter packs) Carer Support Liaison Officer (Burbobank Cornmunity Fund) Carers Trust Sefton CVS Triangle Trust The Henry Smith Charity Digital Connectivity (Vola) Carers Trust (Active older) National Lottery Community Fund Training Grant (LWS) Energy Redress 11,191 1,000 11,191 1,000 400 400 16,603 16,603 7.876 2,052 26,373 7,876 2,052 26,373 21,970 4.565 2,870 1,530 21.970 4,565 2,870 1,530 2,370 2.370 15,933 15,933 15,115 15,115 1.580 97,025 1,580 97,025 36.301 117,978 154,279 74,174 74,174 -23-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Investments Unreslrlcted Unyestrlcted funds funds general general 2024 2023 Interest receivable 82,028 19,529 Ralslng funds Unrestrlcted Unrestricted funds funds general general 2024 2023 undraisin Staff costs and ublicit 1.195 1,129 1,195 1,129 -24-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable actlvlties Welfare & Advlce & provlslon Infom)atlon seNlces services 2024 2024 Total Welfare & Advl¢e & 2024 provislon Informatlon seNices services 2023 2023 Total 2023 Staff costs Premises costs Supplies and services 432,719 16,008 188,168 395,777 16,118 51,617 828,496 32,126 239,785 409,719 47,527 159,288 301,146 14,098 23,209 710,865 61,625 182,497 636,895 463.512 1,100,407 616,534 338,453 954,987 Share of support costs (see note 81 Share of governance costs {8ee note 8) 294,994 21,846 316.840 303.778 3,695 307,473 74,247 74,247 72.387 72.387 1.006,136 485.358 1,491,494 992,899 342,148 1,334,847 Analysls by fund Unrestricted funds - general Restricted funds 527,102 479,034 527.102 964,392 565,512 427,187 565,512 769,335 485,358 342,148 1,006,136 485,358 1,491,494 992,699 342,148 1,334,847 Support Costs Support Governance costs costs 2024 Support Governance costs costs 2023 Staff cost5 Depreciation Supplies and servi5 Other staff costs 192,085 23,101 70,501 31,153 66.387 258,472 23,101 70,501 31,153 189,442 32,760 71,784 13,487 65,457 254,899 32,760 71,784 13,487 Audit fees Accountancy 4.323 3,537 4.323 3,537 3,790 3,140 3,790 3,140 316,840 74.247 391,087 307,473 72.387 379,860 Analysed beeen Charitable aclivities 316,840 74.247 391,087 307.473 72,387 379,860 -25-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Audltorfs remuneratlon Fees payable to the charfty's audltor and assoclates: 2024 2023 Audit of the charitls annual accounts 4,323 3,790 Non.audlt S8rvlces All other non-audit services 3,537 3,140 Auditor's remuneration for 2023 includes the reversal of an overprovision made in 2022. Actual remuneration for 2023 seNices total £7,380. 10 Employees Nurnber of employee8 The average monthly number of employees during the year was: 2024 Numbor 2023 Number Advice and advocacy services Welfare and respite services Training and information services Management and admlnistration 11 18 17 10 10 43 42 Employment costs 2024 2023 Wages and salaries Social security costs (Nl contributions) other pension costs 939,323 72,615 76,225 837,107 84,048 65,740 1,088,163 966,893 There were no employees whose annual remuneration was £60,000 or more. 11 Retlrement benefit schemes Defined contrlbutlon schemes The charity operates a defined contribution pension scheme for all qualifying employees. The a5set5 of the scheme are held separately from those of the charity in an independently administered fund. The charge to profit or loss in respect of defined contribution schemes was £76,225 (2023 - £65,740). -26-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Trustees None of the Irustees (or any persons connected with them) received fees or remuneration during the year (2023.. none). No Irustees received expenses during the year (2023- none). 13 Taxation The charily is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 14 Transfers The transfers between restricted and unrestricted funds in the current year are partly due to a reallocation of project funds following agreement with the grant provider. As a result the balance of funds have been released to unrestricted. The transfer between restricted and unrestricted funds in the prior year are due to the restriction being satisfied following the purchase of the required fixed asset and a reallocation of project funds following agreement with the grant provider. 15 Tangible flxed assets Fmhold property Flxtures. flitlngs & gqulpment Total Cost At 1 April 2023 1.053,451 145,706 1,199,157 At 31 March 2024 1.053,451 145,706 1,199,157 Depfeclatlon and Impalrment Al 1 April 2023 Depreciation charged in the year 531.741 16.829 89,261 6,272 621,002 23,101 At 31 March 2024 548,570 95,533 644,103 Carrylng amount At 31 March 2024 504,881 50,173 555,054 At 31 March 2023 521,710 56,445 578,155 other than the freehold property at 27-37 South Road, all the charity's assets are used for charitable purposes. In respect of the properly, the charity leases the second floor to an NHS trust and as a result the Property has a mixed use. The property has been accounted for in full within tangible fixed assets due to the charity not being able to reliably measure the fair value of the investment property element. -27-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Flxed assel Investments Unlistsd Investments cost or valuatlon Al 1 April 2023 & 31 March 2024 Carrylng amount At 31 March 2024 At 31 March 2023 Flxed asset Investments not carrled at market value Sefton Training and Enterprise Projects Limited is a limited company registered in England and Wales, company number 05931326. The registered office is 27-37 South Road, Waterloo, L22 SPE. The subsidiary is wholly owned by the charity and Is currently dormanl. The subsidiary has been Included in the accounts at the original cost of the share capltal acquired and there are no net asset5. Leaming Well Agency is a company, limited by guarantee, registered in England and Wales, company number 9812139. The registered office is 27-37 South Road. Watertoo, L22 SPE. The subsidiary is wholly owned by the charity by virtue of it being the only member. It has been dormant from Incorporation on 6 October 2015 to the charity's year end. The subsidiary has been included in the accounts at £nil cost. 17 Stock8 2024 2023 Raw materials and consumables 1,541 1,595 18 Financlal Instruments 2024 2023 Carrylng amount of flnanclal assets Debt instruments measured at amortised cost Equity instruments measured 8t cost less impairment 1,083,994 881,705 Carrying amount of financial Ilabllltles Measured at amortised cost 5Q,621 58.251 -28-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Debtors 2024 2023 Amounts falllng due wlthln one year: Trade debtors other debtors Prepayments and accrued income 102.649 26,276 5,173 61,736 3,044 916 134,098 65,696 20 Credltors: amounts falllng due within one year 2024 2023 Notes Deferred income Trade creditors Accwals 21 56,058 9,627 40,994 40,026 1,522 56,729 106,679 98,277 21 Deferred Income 2024 2023 other deferred income 56,058 40,028 Deferred income is included in the financial statements as follows: 2024 2023 Total deferred income at 1 April 2023 Amounts received in year Amounts credited to statement of financial activities 40,026 56,058 {40,0261 60,739 40,026 (60,7391 Total deferred income at 31 March 2024 56,058 40,026 Included within deferred income are receipts which have been received in advance of project and grant period start dates and are due to be utilised during the 2024125 financial period. -29-
SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Amounts held on behalf of thlrd partles The charitable company holds funds as agent tolalling £600.292 {2023.' £201.354), in a bank account operated by the charitable company, which is payable to third parties. The bank balance and an equivalent amount payable lo third parties are excluded from these accounts. Balance at 1 Aprll 2023 Balance at 31 March 2024 Recelved Pald out Personal Health Budget Support Service Fomiby Hub Friends of Deansgate Ukraine NHS-Hospilal Discharge 174,268 8,806 884 4,954,659 3,614 (4.546,697) <3,034) 582,228 9,386 884 16.216 (16,216) (9,605) 17,398 7,793 Total 201.354 4,974.489 {4,575,551) 600,292 The Personal Health Budget Support Service {PHBSS) at Sefton Carers Centre is lo give people with long term health conditions and disabilities Ihe opportunity to manage Iheir own health budget. The seNice is funded by the NHS Cheshire and Merseyside Inlegrated Care Board. Sefton Carers Centre provide administrative support to Formby Hub as a local neOrk partner and to Friends of Deansgate to bid for grant funding, to support environmentsl and mental health well-being. For identified Ukraine guests, Sefton Carers Centre ulilises a Post Office QR code process, to administer £200 subsistence payments, funded by Sefton Counul. Sefton Carers Centre provide use of prepaid cards for one off payments to support for families and carers which enables them to provide care and support to a patient relurning to their own home whilst recovering and recuperating. Funded by NHS. 23 Related party transactlons Remuneratlon of key management personnel The remuneration of key management personnel is as follows. 2024 2023 Aggregate compensation 327,997 261,309 There were no other related party transactions in the year. No guarantees have been given or received. -30-
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SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 25 Analysls of net assets between funds Unrestricted Restrlcted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Fund balances at 31 March 2024 are represented by.. Tangible assets Investments Current assetsl(li8bilities) 555.054 555,054 578.155 578,155 891.643 92,388 984,031 630,510 155,430 785,940 1,446,698 92,388 1,539,086 1.208,666 155,430 1,364.096 -34-
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SEFTON CARERS CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 27 Operatlng lease commllments Lessor The operating leases represent le8ses of property to third parties up to the contract break date. This is set out in the lease agreement, with the lessee having an option of an addits'onal year. This additional year has not been provided due to the uncertainly whether this will be exercised. At the reporting end date the charity had contracted with tenants for the following minimurn lease payments: 2024 2023 Imthin one year 60,000 51,250 28 Cash generated from operatlons 2024 2023 Surplusl(deficit) for the year 174.990 (39,261) Adjustments for.. Investment income recognised In slatement of financial activities Depreciation and impairment of tangible fixed asset8 (62,028) 23,101 119,529) 32.760 Movements in working capital.. Decrease in stocks {Increase) in debtors {Decrease) in creditors Increasel(decrease) in deferred income 54 (68.4021 17,6301 16,032 544 (15,449) (90,0721 (8,7621 Cash generated fromllabsorbed by) operatlons 76.117 (139,769) 29 Company Ilmlted by guarantee Sefton Carers Centre is incorporated under the Companies Act as a company limited by guarantee. The liability of the members is limited to £10. -37-