REGISTERED COMPANY NUMBER: 03152094 (England and Wales) REGISTERED CHARITY NUMBER: 1053121 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR WANDSWORTH CARERS. CENTrE Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 st George's Road Wimbledon London SW19 4EU
WANDSWORTH CARERS, CENTRE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the TNstees I to 4 statement of Trustees, Responsibllities Independent Examlner's Report Statement of Flnanclal Actlvltleg Balance Sheet Cash Flow Statsment Notes to the Cash Flow Ststement io Notes to the Financlal Ststements li to 19 Detsiled Statement of Flnandal Actlvities 20
WANDSWORTH CARERS, CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordantr with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJEcfivES AND ACTivrrIES Objectives and aims The objectives of the charity as defined in the charity's memorandum of association are: The relief of persons with a dlsability arising from age, sickness or physical or mental disablllty in the London Borough of Wandsworth and who are dependent on others for their daily care by the provision of practical helpfft advice, as51Stance, service, supporl, advocacy and infomiation to such persons and those, especially spouses, partners and relatives, who have an unpaid responsibility for their care and treatment ("the Carers"); The relief of t)vertY and mentsl or physical sickness or suffering amongst the Carers defined in the above objective. We are committed to providing a range of high quality, respjnsive, confidential, and professional ServIS which enable Carers to have increased control over their own lives. Wandsworth Car$, cent operates under a 3 year Strategic Plan and an annual operatlonal plan and regularly reviews progress and achievements against the stated objectives. The trustees are satisfled that the actlvities are related to the stated aims and objectives of the charity. Public benefit The trustees have had due regard to the Charity Commission guidance on publlc benefit In decidlng what activities we should undertake and confirm that all our activities are undertaken to further our charitable purposes for the public benefit. Voluntsers and counselling We are again exceedingly grateful to the volunteers who have continued to support and enhance the services we offer and applaud their commitment and flexibillty to dellver services both on site and remotely. This year they have offered In excess of 954 hours that InclL5des; counselling, complementary therapies, dementia cafes support, administration and mental health liaison work. The volunteers are Invaluable to U5.
WANDSWORTH CARERS, CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities A key theme for this year has been partnership, both developing new ones and continuing to strengthen and revitalise e$tIng collaborations. We worked with Carers and our colleagues in Heath, Social Care and the Youth Servlce to develop a new Carer and Young Carers Charter replacing an 80-page document with a one-page dynamic charter that all partners signed up to deliver from 2024-2027 to cover Working Together, Health & Wellbeing, Young Carers and Carers in the Wider Community. We were delighted to come together for the first time with Sound Minds to develop & deliver a 10-month Mental Health Wellbeing Project to help improve the wellbeing of people from Black Asian and Minority Ethnicities living with or caring for someone with a mental health condition. As well as coming together to discuss mental health related topics the project delivered some creative visual art workshops. Our work with our friends at the Royal Trinity Hosplce has enabled many Carers to Vlsit and experience the wonderful world of the hospice and to feel the warmth and compassion of an organisation that is about living well as people approach the end of life, and to see the support they give to Carers and families. We were sad to come to the end of our LGBT+ project but proud of the LGBT+ Awareness Training that we delivered to 450 people from 27 organItiOns, and reathlng beyond our London rnIt, to dellver training in Wales and produce a recording that will be transcribed into the Welsh Language! However worklng in partnership with the volunteers in this project has meant that the peer support group is continuing to meet providing friendship and support to Carers from the LG8T+ community. Many other partnershiF6 continue to flourish and as we look forward to the coming year we are delighted to report that fundlng has been secured from the South London Integrated Care board to fvnd a Young Carer5 Schools Link Worker, a new development not just for Wandsworth Carers, Centre but a first for Wandsworth as a whole. What Carers have said about our services This place is so fabulous. You are all sc lovely and always smiling. I hope one day to be able to give back and volunteer for you. Your dedication and support at all levels is pricelessl The only consistent support I have experienced I love the carers centre. I have 4 children all on the spectrum and you have always been informative and helpful, provlding me with the right support. You have saved me many times. You are a phenomenal Servi and a godsend to me. I feel 5ike a little piece of heaven opened up above me after speaking with you. The best support I have had, the respite was a lifesaver. Thank you for seelng me. Havlng this face to face meetlng has lifted some of the anxlety and worry that has plagued me recently. A Carers Experlence M5 L is the primary Carer for her 8-year-cld son who has a physical disability and requires constant Ca to support with his many medical needs. The Carer also has three other children and has hEY own health concerns meaning she is often in pain. Ms L came to Wandsworth Carer5' Centre feeling very anxious and worried; her 50n had been out of school for over 2 years due to difficulties With finding the correct school to meet his needs. The Carer was struggling to communicate with Wandsworth council to ensure her son was receiving an Education, Health and Care plan (EHC) and she needed some support to communicate her concerns. To assist Ms ¥ the support worker first reassured her we could advocate for her and followed up with the EHC plan coordinator at the council. The support worker directly emailed the coordinator to facilitate communication and confirm receipt of the necessary documents. The coordinator informed the support worker that Carer's son was on a waiting list and that the panel would be contacts'ng her soon. The support worker updated the Carer which greatly dUCed her anxiety knowing that there was a professional following up. Having addred the presenting needs of the Carer, the support worker then explored grant options with her and completed grant application fur a Tablet to Carers Trust which was successful meaning the Carer could support her son to speak virtually to a speech and language therapist, The Tablet Significantly benefited the Carer's son meaning he could engage with educational materials but also use the Tablet for entertainment whilst he is away from his school friends. The Carer was extremely happy with the support she retrived and tt)Id us she felt much less stressed about her Son's situation and hopeful that things were improvin9 for them.
WANDSWORTH CARERS, CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Some Facts and Figures We are proLAd to have delivered,, 195 peer sUPPOrt sessions held 2,873 hours of re5Plte awarded 555 new Carer5 registered 980 back care appointments delivered 895 advice appointments 29,500 newsletters sent to Carers and profe55ionals 895 Adwce appointments delivered 65 training sessions delivered FINANCIAL REVIEW Flnancial position Whilst the increase in total annual expenditure was greater than the rise in income Wandsworth Carers, Centre was still able to recortl a surplus for the year of £53,356, which brings total reserves up to £708,767, The nature of the organisation dictate5 that staff are its largest cost and higher payroll liabilities account for the majority of the increase in total annual expenditure, Wlth the exception of payroll the charity managed to provide its services to carers at a similar cost to the year before. Looking ahead.. as its main 9Jurce of income (the Carers Support ServKe Contract) rises in line with annual inflation WCC'S financial position should be relatively unaffected by future price increases. Prlncipal funding sources Princikxil funding sources in the year were contracts and grants from London Borough of Wandsworth and grants from the Carers Trust. Reserves pollcy The policy of the charlty Is to malntain free reserves at a level whlch equates to at least 20% 400/0 of antlcipated expendlture for the following year. The current level of free reseNes remains sufficient to achieve this objective, We have designated part of our unrestricted reserves to show how much has b*n earmarked for particular purposes (see the fund note in the financial statements). FUTURE PLANS We will continue to work closely with our colleagues In Chlldren's Services, Health and public health, to build on the advances made this year in raising awareness of the needs of Young Carers and Young Adult Carers. We feel confident that together we can smojth the referral processes for these young people, increase professional awareness to aid identlfication to ensure that the inequalities they face can be addressed and their life chances enhanced. We will look to enhance seryices to Carers of people with mental health challenges by working collaboratively with statutory and voluntary servlces, ensuring the Carers voice is heard. Providing high quality services Is alway5 one of our key objectlves and to this end we are working on the externally assessed Improving Quallty mark (IQ) which we will attain in the next year. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by it5 governing document, a deed of trust, and constitutes a limited companyi limited by guarantee, a5 defined by the Companies Act 2006. Recruitment and appointment of new trustees Trustees are recruited through a variety of methods, including recruitment initiatlves, personal contact and recommendations. The trustees endeavour to ensure that there is a balan of skills, gender, age and cultural backgrounds represented on the board. Decislon making Day to day management of the charity is delegated to the Chief Executive Offir. Induction and training of new trustees New trustees receive training, and are inducted by the Chief Executive and the more experlenced trustees. At board meetings, trustees receive report5 from the Chief Executive to ensure they are kept up to date with the activities of the charty. Trustees review policies and procedures on a cyclical basis.
WANDSWORTH CARERS, CÉNTrE REPORT OF THE TRusfEES FOR nlE YEAR ENDED 31 IIARCH 2024 srRIKTURt, GOVERNANCE AND MANAGEMEMr •MM9ementremuneratlon The pay of set by Boaid. The pay of thÈ remaknlr¢J stsff l# rAeed annualty by the AnaTr7 C0P4 In Ilne Maet C0nÈtrtrts and affcrfdabllty lor the charty. and a Is to the knrd thelr aprrfwl. REFERENCE AND ADMINisfRATfvE DEfAILS Reglstornl C¥Jmpany number 03152091 (Engiand and Wales) R•9lsiw•d Charlty numb 1053121 46 Balham Hsjh Ro1 SW12 9AQ S Ahm&J FSBal C R Coyle ISa J Tayk J Kabrn J Not4e lappdntth124ISI231 Chl•f EXeCUtt IXlkl•r Eglhjnna Treanor HleY Fo¥eT LLP arte Accwntant5 4th Flco TuItIc Pb)use 27.37 st George's Ro& mtle&Jn SW19 48J Urmty Tntst B 9 Fè BIM1kk BI 2H6 NEA3 N•fKa T¥Tt NE3 4ze 21 October 2024 AppthJ clthe b)¥d OflNrt M....,..................,...-.,. .. ard ned on Its behall ty: C R coe- Trustee
WANDSWORTH CARERS, CENTRE STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees (who are also the directors of Wandsworth Carers, Centre for the purposes of company law) a responsible for preparing the Report of the Trusteos and the finanaal statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial ststements for each financial year which give a true and fair view of the state of affairs of the charitsble company and of the incoming resour5 and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees a required to select suitatle accounting policie5 and then apply them consistentlyi observe the methods and principles in the Charty SORP. make judgements and estimates that are reasonable and prudent. prepare the finanaal statements on the going concern basis unless it is inappropriate to presume that the charitsble company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also reswnsible for safeguarding the assets of the charitsble company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularitles.
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF WANDSWORTH CARERS, CENTRE Independent examiner's report to the trustees of Wandsworth Carers. Centre {'the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Hairing satisfied myself that the accounts of the Company are not required to tE audlted under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Art. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because l am a member of the Institute of Chartered Accountsnts in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attentlon In connection with the examlnation giving me couse to believe: accounting records were not kept in respect of the Company as requlred by Sectlon 386 of the 2006 Act. or the accounts do not accord with those records, or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts glve a true and fair view which is not a matter considered as part of an Independent examination,. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accountlng and reporting by charities (applicable to charlties preparing their accounts in accordance wlth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Jonathan Askew FCA The Institute of Chartered Accountants in England and Wales Hartley Fowler LLP Chartered Accountants 4th Floor Tuitlon House 27-37 St George's Road Wimbledon London SW19 4EU 21 October 2024
WANDSWORTH CARERS. CENTRE STATEMEKf OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDrruRE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donation5 and legacie5 136 136 1,846 Charltable artivities Carers Suppjrt Servi 825,289 825,289 771,398 Investment income 8,886 8,886 1,182 Totsl 834,311 834,311 774,426 EXPENDfruRE ON Raising ftjnds 29,150 29,150 28,100 Charitable actlvities Carers Support Servlce 751,805 751,805 686,405 Total 780,955 780,955 714,505 NET INCOME 53,356 53,356 59,921 RECONCILIATION OF FUNDS Total funds brought forward 655,411 655,411 595,490 TOTAL FUNDS CARRIED FORWARD 708,767 708,767 655,411 The notes form part of these financial ststements
BALANCE SHEEr 31 MARCH 2024 2024 2023 15 187,930 651.186 2C8,223 572,108 Cash kn hand 839,IL6 781.331 rnolts lallr4J due wthln ¢J)e year 16 (llO,3491 1125,9201 NEf CURReNT ASSETS ,767 655,411 708,767 655,411 708,767 655,411 PUNDS u[tted fuTrli 19 70B,767 6S5,411 7CQ,767 655.411 31 March 2024. (bl ep find01 stètements Inje aff farr cl the srote of affa as at ti end of Qh fInC]I its wrF4us ¢f defioi firwrKwl year In ac((KdafKe iwlh requirerrlS ol th)Is 394 and 395 othemse COM with tr* requk•7xts of Cpe5 h£t 2 rdats'ng t) fironoal ststenr5. x> hr bs aprttle to Ihe (harflth 21 Odober 2024 ¥tse slgned btrdl ty: C R Coyle - Tlltee
WANDSWORTH CARERS, cErRE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating artivities Cash generated from operations 70,192 (120,814) Net cash provided byl(used In) operating activities 70,192 (120,814) Cash flows from investing activitles Interest received 8,886 1,182 Net cash provlded by investing activities 8,886 1,182 Change in cash and cash equlvalents in the reporting period Cash and cash equlvalents at the beglnning of the reporting period 79,078 (119,632) 572,108 691,740 Cash and cash equlvalents at the end of the reportlng perfod 651,186 572,108 The notes form part of these financial ststements
WANDSWORTH CARERS. cErRE NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCIUATION OF NEf INCOME TO NET CASH FLOW FROM OPERATING A1VE5 2024 2023 Net income for the reporting period (as per the Statement of finanaal Activities) Adjustments for: Interest received Decreasel(increa5e) in debtor5 Increa5el(decrease) in creditors 53,356 59,921 (8,886) 21,293 4,429 (1,182) (139,754) (39,799) Net cash provlded byl(used in) operatlons 70,192 (120,814) ANALYSIS OF CHANGES IN NEf FUNDS At 114123 Cash flow At 3113124 Net cash Cash at bank and In hand 572,108 79,078 651,186 572,108 79,078 651,186 Total 572,108 79,078 651,186 The notes fomi part of these financial statements -io-
WANDSWORTH CARERS. CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 GENERAL INFORMATION The charitable company is incorporated and domiciled in England and Wales. The address of its registered office is 46 Balham High Road, London, SW12 9AQ. The registered number of the company is 03152094. The registered number of the charity is 1053121. The financial information presented is for the year ended 31 March 2024 and 31 March 2023. The financial information is presented in sterling. ACCOUNTING POLICIES Basis of preparing the financial statements The financial ststements of the charitable company, which Is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practlce applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019)., Financial RekKsrting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the hlstorical cost convention. The flnancial statements have been ppared on the assumption that the charlty is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves, the financial position, future plans and the expected level of income and expenditure for 12 months from authorising these financial statements.The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income All income is recognised On the charity has entidement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income in respect of service5 provided is recognised when, and to the extent that, performance occurs and is measured at the fair value of the consideration ceivable. The main Sour of income for the charity is the carers support Service contract with the London Borough of Wandswoth in respect of carers support service5. Grants, where entitlement Is not condltional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Income from grants, where related to perforrnance and speciflc deliverables, are accounted for as the charity earns the right to the consideration by its performance. Grant income relating to a later period is therefo deferred to that period and treated as deferred income in the balance sheet. Voluntsry income is received by way of grants, donatlons and gifts and is included in full in the Statement of Flnancial Activities when receivable. Donatlons are recognised when the charlty has been notlfied in wrltlng of both the amount and settlement date. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obllgation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. As the charity has only one activity, all costs are allocated against the charitable activity. Raising funds Raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities, events and non-charitable trading. -li-
WANDSWORTH CARERS. CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Tanglble fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Furniture and Office Equipment - 25% on a straight line basis Taxation The charity is exempt from corporation tax on its charitsble activities. Fund accounting Unrestricted funds can be used In accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arlse when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Penslon costs and other post-retirement beneflts The charitsble company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to whlch they relate. Cash at bank Cash at bank includes bank deposit accounts and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Debtors Trade and other debtors are recognised at the settlement amount due. Prepayments are recognised at the invoiced cost prepaid. Creditors Creditors are recognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can measured or estimated reliably. Creditors are normally recognised at the settlement amount. Leaslng commitments Rentals applicable to operating leases where substsntially all of the benefits and rlsks of ownership remaln with the ler are charged against profits on a straight Ilne basis over the perlod of the lease. Voluntary help A rtain amount of tlme is expended on the charity's activities which is donated free of charge. In accordance with Charities SORP (FRS 102), volunteer time Is not rectsJnised. Details of volunteer support and services are provided in the trustees. annual report. DONATIONS AND LEGACIES 2024 2023 Donations 136 1,846 -12-
WANDSWORTH CARERS, CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 INVESTMENT INCOME 2024 2023 Dep)sit account interest 8,886 1,182 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Integrated Carers Support SeNice Contrart Grants Carers Support SeNice Carers Supp)rt Service 713,851 111,438 654,914 116,484 825,289 771,398 Grants received, Included in the above, are as follows: 2024 2023 Carers Trust - Cllent grant income Small grants Carers Trust - Making Carers Count London Borough of Wand5WOrth - Digitsl Inclusion grant Battersea Healthcare - End of Life care Hospital discharge 12,538 9,308 20,089 25,000 9,017 8,458 58,242 12,500 15,000 13,267 ,503 111,438 116,484 RAISING FUNDS Ralslng donations and legacies 2024 2023 staff costs Fundralsing costs 29,150 27,5LKI 600 29,150 28,100 CHARITABLE ACTIVITIES COSTS Support costs (see note 8) Direct Costs Totals Carers SupFM)rt Servl 607,235 I¥,570 751,805 -13-
WANDSWORTH CARERS, CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Governance Costs Management Totals Carers Support Service 141,330 3,240 144,570 Supp)rt costs, included in the above, are as follows: Management 2024 Carers Support Service 2023 Total activities Premises costs offi & running costs 62,722 78,608 42,255 78,522 141,330 120,777 Governance costs 2024 Carers Support Service 2023 Totsl activities Other governance costs Independent examiner's fees 480 3,420 3,240 3,240 3,900 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after charglngl(crediting)'. 2024 2023 Operating lease charges - property 23,000 23,000 io. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, muneratIon or other benefits ft)r the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no tru5tees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. -14-
WANDSWORTH CARERS, CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ii. srAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 423,420 32,855 21,407 402,054 32,892 20,141 477,682 455,087 The average monthly number of employees during the year was as follows: 2024 14 2023 13 Direct project stsff Management and administrative staff 18 17 The number of employees whose employee beneflts (excluding employer penslon costs) exceeded £60,000 was: 2024 2023 £60,001 £70,000 The key management personnel of the charlty comprise 4 employees. The total employee benefits of key management personnel of the charity were £173,281 (2023: £103,318). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTXVITIES Unrestricted funds 12. Restricted funds Totsl funds INCOME AND ENDOWMENTS FROM Donations and legacies 1,846 1,846 Charitable actlvities Carers Support Service 771,398 771,398 Investment income 1,182 1,182 Total 774,426 774,426 EXPENDrruRE ON Raising fund5 28,100 28,100 Charitable activlties Carers Support Service 686,405 686.405 Total 714,505 714,505 NET INCOME 59,921 59,921 RECONCILIATION OF FUNDS Tot31 fvnds brought fOard 595,490 595,490 TOTAL FUNDS CARRIED FORWARD 655,411 655,411 -15-
WANDSWORTH CARERS. cErRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. INDEPENDENT EXAMENATION The Independen examinels gross of VAT fee consisted of: 2024 2023 Independent examination Preparation of SORP financial ststements Preparation of corporation tax retum and computstion 2,100 1,140 2,225 1,205 480 3,240 3,900 14. TANGIBLE FIXED ASSETS Plant and machinery COST At l April 2023 and 31 March 2024 98,553 DEPRECIATION At l April 2023 and 31 March 2024 98,553 NET BOOK VALUE At 31 March 2024 At 31 March 2023 15. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Accrued income Prepayments 184,003 3,927 200,127 9,096 187,930 209,223 16. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Social securlty and other taxes Other creditors Accruals Deferred income 9,065 11,106 93,782 16,396 8,877 566 103,977 12,500 130,349 125,920 eferre Income Balance at l April 2023 Amounts released to incoming resources Amounts deferred in the year 12,500 (12,500) 16,396 Balan at 31 March 2024 16,396 Deferred income comprises income received during the year which relates to the next financial year. -16-
WANDSWORTH CARERS. CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 17. LEASING AGREEMENTS Minimum 5ease payments under non-cancellable operating leases fall due as follows: 2024 2023 Within one year Between one and five years 23,300 95,067 23,000 19,167 118,367 42,167 ANALYSIS OF NEf ASSETS BEfwEEN FUNDS 2024 Totsl funds 2023 Total funds Unrestricted funds Restricted funds Current assets Current liabilities 839,116 (130,349) 839,116 (130,349) 781,331 (125,920) 708,767 708,767 655,411 Comparatives for net assets between funds Unrestricted funds Restricted funds 2023 Totsl funds Current assets Current liabilities 781,331 (125,920) 781,331 (125,920) 655,411 655,411 19. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 3113124 At 114123 Unrestricted funds General fund Continuity Fund Stsff redundanry Fund Contingency Fund Capital expenditure Fund Working capitsl Fund 324,411 200,000 60,000 25,000 22,000 24,000 53.356 (5,000) 372,767 200,000 65,000 25,000 22,000 24,000 5,000 655,411 53,356 708,767 TOTAL FUNDS 655,411 53,356 708,767 -17-
WANDSWORTH CARERS. CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming reSoUrS Resources expended Movement in funds Unrestrirted funds General fund 834,311 (780,955) 53,356 TOTAL FUNDS 834,311 (780,955) 53,356 Comparatlves for movement In funds Net movement in funds Transfers between funds At 3113123 At 114122 Unrestrlcted funds General fiJnd Continuity Fund staff redundancy Fund Contingency Fund Capital expenditure Fund Working capital Fund 299,375 174,215 54,827 22,000 21,280 23,793 59,921 (34,885) 25,785 5,173 3,000 720 207 324,411 200,000 60,000 25,000 22,000 24,000 595,490 59,921 655,411 TOTAL FUNDS 595,490 59,921 655,411 Comparative net movement in funds, included in the al)ove a as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 774,426 (714,505) 59,921 TOTAL FUNDS 774,426 (714,505) 59,921 UnrestrScted Designated Funds The following unrestricted fund5 have bn earmarked for particular purpose5. Continuity Fund - to ensure continuity for three months in the event of withdrawal of annual grant and contract funding. Staff Redundancy Fund to ensure sufficient reserves in the event of withdrawal of fijnding resulting in a statutory redundancy liability. Contingency Fund - to cover for emergencies (e.g. fi, flood, long-term staff sickness). Capital Expenditure Fund - to cover for future purchases of capital equipment. Worknng Capital Fund - to ensure the financial stsbility of the charity, -18-
WANDSWORTH CARERS, CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS - continued Restrirted Funds There are no funds that are restricted for a particular purpose. 20. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. COMPANY LIMrrED BY GUARANTEE The charity is limited by guarantee and has no share capitsl, The liablllty of each member Is determined by the Articles of the charlty and shall not exceed £1, 21. -19-