REGisfERED COMPANY NUMBER: 031S2094 (England and Wales) REGisfERED CHARITY NUMBER: 1053121 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR WANDSWORTH CARERS. CENTRE Hartley Fowler LLP Chartered Accouniants 4th FkKir 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 2025
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Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 20
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WANDSWORTH CARERS, CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustee5 who are also directors of the charity for the purposes of the Companies Act 2006, present their repc>rt wlth the flnancial statements of the charity for the year ended 31 March 2025. The trust&s have adopted the provisions of Accounting and Reporting by Charlues: Statement of Recommended Practice appllcable to charities preparing their accounts in accordance with the Financial Reporting Standard akwlcable In the UK and Republic of Ireland (FRS 102) (effecbve l January 2019). OBJECTIVES AND ACTIvrriES Objectives and aims The objectives of the charity as defined in the charivs memordndum of associaon are: The relief of persons wlth a disabllity arising from age, slckness or physlcdl or rnentsl dtsability in the London Borough of Wandsworth ancs who are dependent on others for their daily Ca by the provision of prartfjcal help, advice, assistsnce, service, support, advocacy and informats.on to such persons and tho4 especially spouses, partners and relath, who have an unpald responsibility for their care and treatment {"the Carers"); The relief of povety mental or physical sickne55 or suffering amongst the Carer5 defined in the aLx)ve objective. We aR commltted to providing a range of hi quality, reSns[ve, confidential, professional seNke5 whlch enable Carers to have Increased control ¢)ver their own Ives. Wandsworth Car$, Centre operates under a 3 year Strateglc plan and an annual operattonal plan and regularfy revlews progress and achievements against the stated objectlves. The trustees are satisfied that the activilles aR related to the stated aims and obiectlves of the charty. Public benefit The trustees have had due regard to the Charfty Commission gU[(lan on publk beneflt In deddlng what activities we should undertake and confirm that all our ivitles are undertaken to furtlw our charitsble purposes for the publlc benent. Volunteers and counselling We are again exceedingly grateful to the volunteers who have continued to support and enhance the seNlces we offer and applaud their commltment and flexlbS1ity to dellver Servi both on slte and remotety.This year they have offered in excess of 586 houls that includes,. counsellingi complementary therapies, dementia cafes support, admlnlstratlon and mental health liaison worL The volunteers are Invaluable to us. ACHIEVEMENTS AND PERFORMANCE Charltable actlvltles Reading the latest report of the Soclal seThI Survey of Adult Cats In Engbnd (SACE) L5 always a soberlng experience and can beg the questlon 'are we doing enough?, Natlonally the percentsge of car$ of people with dementia contsnue5 to rise to 36.7 % and learnlng dlsabilltles has risen to 22.5 % wlth 50% of Carers caring for people 75 years and over. 20% of Carers feel they neglect themselves In terms of geitlng enough sleep and eating well, over 13•h a lonely and dmost 250/0 have bn caring for 20+ years. Thls15 all a stark reminder of the Invaluable contribution that Carers make to society, arKI the health and social care n and demonstrates why we must corbtinue to listen to Carers and develop SeiCe5 that meet their needs. As we know one of the major barrier5 to Caiers receiving 5UPPOrt 15 one of rttognition that they are Carers make5 it imperdtNe that we continue our awareness ralslng and outreoch programme to ensure that all Carers in Wandsworth know tlw are Carers and where to go to ac55 SUPPOrt. Whlle there Is always rn0 that we must strive to th both localty and nationally the feedback we get from Carers that use our seNices show5 that they feel sUPPOrted, valued and less alone- see below Th55 year we are pleased ar Pro to rep)rt that thanks to flnancial support from Wandsworth Integrated Care serv15 and the Wimbledon Foundation we have start8J to deliver services to Young car$ both in Schools and In the commurbity, an area of development that is much needed within the borough. In the coming year this is an aa we will continue to develop wlth our partners in the Youth Service and Social ca and is one of our key prioritie5 in our fund-raising plan.
WANDSWORTH CARERS. CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2Q25 What Carers have sald about our services - I'm 9) happy to be registered with WaTrknorth care (kntr¢ The setvice5 you kyovkle a fantastic. I've had a brilliant sesslon with the osteopath at your office in Balham - The best support I've ever had- the resplte was a Ilfe savw.I - I wish we could come to after school dub every weeK I love coming here! - The Coffee Club gives me a reason to get of bed, it 15 social and friendly and I meet other Carers - This place is fabLtlous the massage was amaz1. Everyone is aayS smillng l appreciate the SUPFQrt and hard work you Ve put into all you do for Pant Car$. Thank you for your support and understandlng of my situation. - You came into my Ilfe at a FKslnt when things m* no 5en5e and I was so overwhelmed. You supported me and my famlly through very dlfflcult times: rnenta1, etionallY and fInala1 etc. Thls I wlll always rememlxr and cherish A Carer's Experiencé Tony ca$ for hi5 wrfe, MelSnda, who wa5 dlagn05ed wlth Ajzheimerfs affjund ten yeats ago. Slnce her diagnosls, Tony has been her main Sour of support, nawgating the da1 challenges that caring for a someone with dementra can brfn9. In June Tony reglstered with Wandsworth Carers, Centre and the dementia lead reached out to offer hlm I:1 support. During early conversatlons, tslking about his caring role, we invited him to joln our Evenlng Dementia Carer5 Support Group, Dementla Cafés, and DernentSa Training Course. At firs¢ Tony was hesltant. He wasn't sure that a 5UPPOrt grDUP would be rfght for him or if tslklng to others would make a dlfference. To help ease the transits'on, his daughter registered too, and together they attended thelr flrst Peer SuppDrt Group In July. It was there that Tory Ilstsned to the wlere$ of other Carer5, and for the first tkne, felt able to open up about hi5 own struggles. That first 5tsp proved to be a turnlng polnt. En¢ouraged by the posthve experlence, Tony continued to attend regularly. Over the past eight months, he has tecome a consistent presen at our support groups, has brought Mellnda along to our Dementia Cafés, and completed our three-week Dementla Tralnlry COue to deepen his under5tandlng of the condition and explore practical ways of suppn9 her. Tgdayi Tolly is an Integral part of the Dementia Carer Community at Wandsv4orth Carerg Centre. He not only attends groups for hi5 own 5UPPOrt but also contributes by sharing his experiences, offerln9 encouragement to others, and Cang a welcoming atmosphe for new carers who may be takJng those flrst difficult steps- just as he once did. Tony sald ' Before I stsrted coming here, I couldn't really talk about my wlfe's Akhelmerfs. I would start to t choked up and stop. Now, after hearing from ryOne he, I feel like I can think about it and tslk about It so much Mo,. Some Facts and Flgures We are proud to have delivered: 542 thice Appolntments 49 Training sessicffis 954 Back Ca session5 35,644 Newsletters sent 193 Peer Suppjrt sessions hekl 541 New Carers reglstered 1,436 Respite hours awarded £200,257 in benefits & grnnts gained
WANDSWORTH CARERS, CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Financtal position Wandsworth COr5. Centre reporta a better than trxpeC surplus for the year of £138,089 (2024 £53,356), which brings total reserves up to £846,806 (2024 £708,767). The nature of the organisation dictate5 that staff are its Eargest cost and higher payroll liabilities account for the majority of the increase in total annual expendfiture. Wlth the exception of payroll the charity managed to provide its seTvice5 to carers at a similar cost to the year before. Princlpal fundlng sources Principal funding sources in the year were contracts and grants ftom Lon¢kn Borough of Wand5WOrth and grants from the car$ TrusL Reserve5 poIi¢y The policy of the charity is to maintsin a general fund whlch equates to approximately 50¥0 of antidp3ted expenditu for the following year. The current level of fr reserves rernains SLtfficient to achieve thls ObjeCte. We have designated part of our unrestrlcted reserves to show how much has been eamiarked for particular purposes (see the fund note in the finandal ststements). Flnanclal and rlsk management objertives and pollcles The trustees have eWed the major SkS to vthlch the charity is exposed, and srystems and procedure5 have been established to manage these risk5. The charity has many pollcles and procedures In place whlch are regularly rwewed by the strategic Subcommittee ènd ratified by the Board of Trustees. This includes robust flnancial management procedures. Management accounts are produced on 3 quarterly basls and reviewed by the Board. Risks and Un¢ertaintle$ The principal risks and uncertainties facln9 the charfty are: Rlsks and uncertalnty Mitigation of risk and uncertalnty Dependence on voluntary Income Long tem) strdtegy to dlverslfy the chariV5 InconR streams. Effectlve Compllance wlth Dats Protection regulations Ongoing revlew of lIdes, procthres and SyStern5. Stsff trdining FIJTURE PLANS We wlll continue to work closely with our colleagues In Children's Services, Health and public health, to bulld on the advances made this year in raisln9 awareness of the needs of Young Carus and Young Adult Carers. We f1 confident that together we can smooth the referral processes for these young pLJ)ple, Increase professional awareness to ald Identiflcatlon to ensure that the Inequalltles they face can be addressed and their life Chan enhance We will look to enhance services to Carers of Fe)ple wlth mental health challenges by working collaborattvely wlth statutory and voluntsry servlces, ensuring the Carers Vol is heard. Provldlng hlgh quality Servi 15 alway5 one of our key objectives and to thls end we are workirvJ on the externally assessed Improving Quality mark (IQ) which we wll attaln in next year.
WANDSWORTH CARERS. CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRucfuRE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by Its govemiTrJ documa)t, a deed of trusl and constkntes a limited company, limlted by guarantee, as defined by the Companie5 Act 2006. Rétruitment and appointment ol new trnst¢es Trustees are recruited through a variety of methods, including recNitment inibats.vesi personal contact and recommendations. The trnstees endeavour to ensure that the is a baknce of skills, gender, age and cultutal backgrounds represented on the board. Decision making Day to day management of the charity is de to the Chief Executive Offiw. Induction and tralnlng of new trustees New trustee5 recesve training, and are Indurted by the Chlef ExecutNe arKI the more experfenced trustees. At board meetlngs, trustees receive report5 from the Chlef Executive to ersure a kept up to date wlth the ac1ltieS of the charSty. Trustees review policie5 and procedures on a cyclical basis. Key management remuneration The pay of the Chief Executive Is set by the Board. The pay of the mainIng staff 15 revlewed annualty by the Finance Group* In Ilne wlth both market conditions and affordablllty for the chanty, and a proposal Is submltt6J to the Board for thelr approval. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Company number 03152094 (England and Wales) Re9iStered Charlty number 1053121 Registered offlce 46 Balham Hlgh Road London SW12 9AQ Trustees S Ahmed F S Bakewell C R Cosde I S Stsnley J Taylor J Kablean J Noble Chlef Executive Officier Egllonna Treanor Independent Examiner Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 St George'5 Road Wimbledon London SW19 4EU Bankers Unity Trust Bank 9 Brlndley Place Bimiingham Bl 2HB Virgin Money NEA 3780 Newca5tie upon Tyne NE3 4ZE
WANDSWORTH CARERS. CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF TRUSTEES, RESPONSIBILZTIES The trustees (who are also the directors of Wandsworth Carers, Centre for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practtce). Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance wlth Lknited ngdoM Generally Accepted Accounting Pract5 (United Kingdom Accounting Stsndards and applicable law). Under company law the trustees must not approve the financial statements unless they a satisfiKI that they give a tNe and fair view of the stste of affalrs of the charitable compary and of the incoming resources and application of SoUrCes, Includlng the income and expenditure, of the charitable company for that pertod. In preparing those flnanclal statements, the trustees are requlred to select suitable accounting policies and then apply consistendy; obseNe the methods and prfnciples in the Charities SORP; make judgements and estimates that a rea50nabte and prudert; prepare the financial statements on the 9)Ing concem basi5 unless It Is Inapproprlate to pre5uffle that the charltable company will continue in busirE The trustees are responslble for keeping proper accounting recorts which di5dose with reasonable accuracy at any tlme the flnanclal position of the charitable company and to enable them to ensure that the financlal ststements comply with the Companles Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taklng reasonable steps for the prevention and detection of aTrJ other Irregularities. Approved by order of the board of tnjstees on ....... .. .. . and signed on Its behalf ty: C R Coyle- Trustee
INDEPENDENT EXAMINER'S REPORTTOTHE TRusfEES OF WANDSWORTH CARERS, CENTRE Independent examlner'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 2025. Responsibillties and basls of report As the charlty's trustees of the Company (and also its directors for the purFoses of company law) you are responslble for the preparation of the accounts In accordan wfch the requlrements of the Companles Act 2006 ('the 2006 Act,). Having safjsfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examinatlon of your charlty's accounts as carried out under Section 145 of the Charitles Act 2011 ('the 2011 Act,). In carrylng out my examination I have followed the Directions gtven by the Charlty Commission under Section 145(5) (b) of the 2011 Act. Independent examlner'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 qualitled to undertake the examinatlon because I am a member of the Institute of Chartered Accountants In England and Wales, whlch is one of the listed bodles. I have completed my examlnation. I conflrrn that no matters have come to my attentlon In connection with the examinatlon gSvlng me cause to belleve: accounts'ng records were not kept in respect of the Company as required by Sectlon 386 of the 2006 Act. or the accounts do not accord with those records; or the accounts do not cornply with the accounting requlrements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter consldered as part of an independent examlnation. or the accounts have not been prepared in accordance with the methods and principle5 of the Statement of Recommended PraCte for accountsng and reporting by charitie5 (applicable to charitles preparing their accounts In accordantr with the FInala1 Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102)), I have no COnrn$ and have come across no other matters In connectlon wlth the examinatlon to which attentlon should be drawn In this report in order to enable a proper understsnding of the accounts to be reached. Jonath kew FCA The Institute of Charte Accountants In Engknd and Wale5 Hartley Fowler LLP Chartered Accountants 4th Hoor Tuition House 27-37 st Grge'S Road mbledon London SW19 4EU 24 November 2025
WANDSWORTH CARERS. CENTRE STATEMENT OF FINANCIAL AcrivrriES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Totsl funds 2024 Total funds Unresthcted funds Restrirted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacles 1,718 1,718 136 Charitsble activities Caters Support Service 895,325 48,100 943,425 825,289 Investment income 10,1103 10,003 8,886 Total 907,046 48,100 955,146 834,311 EXPENDITURE ON Rèising funds 25,407 25,407 29,150 Charitable actlvltles Carers Support SeNi 754,547 37,153 791,700 751,805 Total 779,9S4 37,153 817,107 780,955 NEf INCOME 127,092 10,947 138,039 53,356 RECONCIUATION OF FUNDS Total funds brought forwèrd 708,767 708,767 655,411 TOTAL FUNDS CARRIED FORWARD 835,859 10,947 846,806 708,767 The forrn part of these financial staternents
WANDSWORTH CARERS.. CENTRE BALANCE SHEEr 31 MARCH 2025 2025 2024 Notes FIXED ASSETS Tanglble asset5 14 5,396 CURRENT ASSETS Debtors Cash in hand 15 140,799 802,071 187,930 651,186 942,870 839,116 CREDITORS Amounts falllng due wlthin one year 16 (101,460) (130,349) NEf CURRENT ASSErs 841,410 708,767 TOTAL ASSEfs LESS CURRENT UABILMES 846,806 708,767 NEf ASSETS 846,8D6 708,767 FU14DS UnrestrScted funds Restricted funds 19 835,859 10,947 708,767 TOTAL FUNDS 846,806 708,767 The charitable company is enotled to exemption from audlt under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not requlr&J the company to obtaln an audit of Its financlal statements for the year ended 31 March 2025 In accordance wlth Section 476 of the Companles Art 2006. The tnjstees acknowledge thelr reskKJnsTbilities for (a) ensurlng that the charitable company keeps accountlng recorts that compty wlth Settlons 386 and 387 of the Companles Act 2006 and preparing flnancial statements whlch gfve a true and fair vlew of the stste of affairs of the charltable company as at the end of each firsanclal year and of its surplus or deficlt for each financial year In accordance with the requlrements of Sections 394 and 39S and which otherwise comply with the requirements of the Companie5 Act 2006 relating to financlal statements, so far as appllcable to khe charikble cornpany. (b) These financlal statements have been prepared In aCcn wlth the provisions applKable to charltable companie5 5ubJett to the small companies regime. IU 2Q25 The financlal statements were approved by the Board of TrLStee5 authorlsed for issue on ,............................................ and were slgned on its behalf by: C R Coyle - Trustee The notes fom) part of these financHI st&emertS
WANDSWORTH CARERS, CENTRE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cosh flows from operatlng artivities Cash generated from operauons 148,076 70,192 Net cash provided by operatlng acbvitres 148,076 70, 192 Cash flows from Invesbng activities Purchase of tsngible flxed assets Interest received (7,194) 10,003 8,886 Net cash provided by Invesilng activities 2,809 8,886 Change in cash and cash equivalents in the reporting period Cash and cash equlvalents at the beginning of the reportlng period 150,885 79,078 651,186 572,108 Cash and cash equlvalents at thè énd of the reporting period 802,071 651,186 The note5 f(¥m part Oft1 finandal statefflents
WANDSWORTH CARERS, CENTRE NOTES TO THE CASH FLOW sfATEMENT FOR THE YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NET INCOME TO CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net Income for the reportln9 period (as per the Statemènt of Financlal Activities) Adjustments for: Depreciation charges Interest recefved Decrease In debtors (Decrease)lincrease in creditors 138,039 53,356 1,798 (10,003) 47,131 (28,889) (8,8B6) 21,293 4,429 Net cash provided by operatlons 148,076 70,192 ANALYSIS OF CHANGES IN NEf FUNDS At 114124 Cash flow At 3113125 Net Cash Cash at bank and in hand 651,186 150,885 802,071 651,186 150,885 802,071 Total 651,186 150,885 802,071 The notes form part of these fv)anoal StateMts -1
WANDSWORTH CARERS. CENTRE NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2025 GENERAL INFORMATION The charitae company is incortK)rated and domicled in England and Wales. The address of its wistered Offi is 46 Balham Hlgh Road, London, SW12 9AQ. The registered nurnber of the company is 03152094. The registered number of the charity is 1053121. The financial Information presented ts for the year ended 31 March 2025 and 31 March 2024. The financial information is presented In sterling. ACCOUNTING POLICIES Basls ol preparing the flnanclal statements The flnanclal statements of the Charitsb company, which is a publlc benefit entity under FRS 102, have been prepared in accordan with the Charitles SORP (FRS 102) 'AccoLtnting and Reporting by Charits-es- Statement of Recommended Practtce applicable to charities preparing thelr accounts in accordan with the Financial Reporting standard app15cable In the UK ané Republlc of Ireland (FRS 102) {effecUve l January 2019),, Financial Reporting Stsndard 102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland, and the Companles Act 2006. The flnanclal statements have been prepared under the historical cost convention. The flnanclal statsments have been prepar8J on the assumptton that the charity is able to continue as a golng concern, which the trustees conslder appropriate having regard to the current level of unre5tncted re5erve5, the financial position, future plans and the expected level of Incoff and expenditure for 12 months from authortslng these financial statements.The trustees consider that there are no material UnrtaltieS aut the ChaS ability to continue as a going concem. Incorno All Income 15 recognised once the charlty ha5 entitlement to the Income, it Is probable that the income wlll be recelved and the amount of Income recty'vable can be measured reh'ably. Income in resFert of servlces provided is recognised when, and to the extent thati performance occurs and Is measured at the fair value of the consideration receNable. The main source of income for the charity Is the carets support seNlce contract with the London Borough of Wandworth in respect of carers sUPPOrt servlces. Grants, where entitlement is not condOnal on the delivery of a ¥edfk Ferformance by the charfty, are recognised when the charity becomes uncondittonally entitled to the grdnt. Income from grants, where related to perf0mnCe and specific dellverables, are accounted for as the chartty eams the rlght to the consideration by Its performance. Grant Income relating to a later periodls therefore defeired to that perlod and treated as deferred Income in the balance sheet. Voluntary Income Is recew&J by way of gants, donath)ns and gifts and Is Included In ful in the Statement of Financlal ActNlties when receivable. DOnaon5 are recognlsed when the charity has been noufied in wnting of both the amount and settlement date. Expenditure Liabilities are recogntsed as expenditure a5 soon as the Is a legal or constnjttlve obligation commlttlng the charity to that expenditure, it is probable that a transfer of economlc Èenefits wll be required In setdement and the amount of the obligation can be rneasud reliabty. Expendlture is accounted for on an accruals basis and has bn classified under heading5 that aggregate all cost related to the category. A5 the charlty has onty one activity, all costs ao alocat&J ag3in5t the charitsble actNIty. Raising funds Ralsing funds includes all expenditure incurred by the charlty to rase funds for Its charftable purposes and Includes costs of all fundraising activities, events and non*haritsble trading.
WANDSWORTH CARERS. CENTRE NOTES TO THE FINANCIAL srATEmEtS - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- continued Tangible fixed assets Deplab"On is provided at the followiw annual rdtes in order to wrlte off each asset over Its estimated useful Ilfe. Fumiture and Offlce Equ1prrt - 25% on a straSght line basis Taxation The charity is exempt from corwratyon tsx on its charltable acbvities. Fund accountlng UnreStcted lunds can be used in accordan wth charttstle objectives at the dIsCtiOn of the trustee Restrlcted funts can onty be used for particuL3r restricted purposes within the objetts of the charfty. RestricOn$ arise when specified by the donor or when funds we rabsed for PaTtic(Aar restrlcted purposes. Further explanaOn of the nature and purFw of eath fund Is Included in the n¢)tss to the financial ststements, Penslon costs and other postretlrem•nt benefits The charitsble company operates a defined contrfbutton pension scheme. Contributions payable trj the charitable company's penSn scheme are chargeJ to the Ststeffnt of Financlal Actfvlues In the trj whlch they late. Cash at bank Cash at bank Includes bank deposlt accounts and short term highly Ilquld Investments with a short maturfty of three months or less from the date of acquisltion OT openiw of the deposit or similar account. Oebtors Trade and otlw debtor5 are recognls8J at the $ement amount due. Prepayments a recognised at the Invoiced c05t prepald. Creditors Creditors a recognlsed when the charity has a present obligation resulting from a past event that will probably result In the transfer of funds to a third paty and the amount thje to settle the obligation can be measured or estimated lIablY. Credltors are nomially recognlsed at the settlement amount Leaslng commitments Rentals applicable to operating leases where substantialty all of the benefits risks of ownershlp main with the lessor are charged agalnst profits on a stralght Ilne basis over the pertod of the lease. Voluntary help A certaln amount of time 15 exFended on the charfvs activrknes which Is donated free of charge. In accordance with Charitles SORP (FRS 102), volunteer time is not recognlsed. Details of volunteer supFort and seNlces are provided in the trustees, annual repo DONATIONS AND LEGACIES 2025 2024 Donation5 1,718 136
WANDSWORTH CARERS. CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 INVEMENT INCOME 2025 2024 Deposit account interest 10,003 8,886 INCOME FROM CHARrrABLE AcfiviTIES 2025 2024 Actlvlty Integrated carS Supp)rt serv[ Contrart Grants Carer5 Support Servi Carer5 Supwrt Service 803,580 139,845 713,851 111,438 943,425 825,289 Grants recefved, Induded In the above, are as follows: 2025 2024 London &)rough of Wandsworth - H05Pital i*scharge Wandsworth Care Alliance - Schools Project London Borough of Wandsworth - Dlgital incluslon restrTCted grant Wimbledon Foundation - Young Carer Coordinator restrlcted grant Small grants Carer5 Trust- Client grant Income Carers Trust- Maknng Carers Count 34,712 30,000 25,000 23,100 16,185 10,848 44,503 25,000 9,308 12,538 20,DB9 139,845 111,438 RAISING FUNDS Raising donations and legacles 2025 2024 Stsff costs Fundralslng costs 24,188 1,219 29,150 25,407 29,150 CHARLTABLE ACTIVtrIES cOs Support costs {5ee note 8) Dlrect Totals Carers Supp)rt SeTvice 678,908 112,792 791,700 -1>
WANDSWORTH CARERS, CENTRE NOTES TO THE FINANCIAL STATEMErirs - continued FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS Goveman costs Management Totsls Qrers Support Servlce 109,372 3,420 112,792 sUprt costs, Included in the above, are a5 follows: Management 2025 Carers Support Servlce 2024 Total activities Premlses costs Olfice & runnlng costs 27,329 82.043 62,722 78,608 109,372 141,330 Governance costs 2025 Carers Support Service 2024 Totsl acutIeS Independent examIneS fees 3,420 3,240 NEf INCOMEI(EXPENDITURE) Net Incomel(wendlture) Is stat&J after chwgingl(creditlng): 2025 2024 Depreclatlon - owned assets Operating lease charges - proFety 1,798 Z3,175 23,000 io. TRUSTEES, REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ed 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees. expenses pald for the year ended 31 March 2025 nor for the year erKled 31 March 2024. -i+
WANDSWORTH CARERS, CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ii. STAFF COSTS 2025 2024 Wages and salaries Social SUrity costs Other pension costs 486,511 43.215 24,133 423,420 32,855 21,407 553,859 477,682 The average monthty number of employees during the year was as follows: 2025 16 2024 14 Direct project staff Management and administrative staff 20 18 No employees recefved emoluments in excess of £60,000. The key management Fersonnel of the charity comprise 4 employees. The total ernpby& benefits of key management personnel of the charlty We £164,252 (2024: £173,281). 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvrrIES Unrestn'cted funds Restrtcted funds Totsl fund5 INCOME AI4D ENDOWMENTS FROM Donations and legacles 136 136 Charltable actlvltle5 Carers SuFport Servlce 825,289 825,289 Investment Income 8,886 8,886 Total 834,311 834,311 EXPENDITURE ON Raising funds 29,150 29,150 Charitable actlvltles CareT5 Support Servlce 751,805 751,805 Total 780,955 780,955 INCOME 53,356 53,356 RECONCILIATION OF FUNDS Total fu$ brought forward 655,411 655,411 TOTAL FUNDS CARRIED FORWARD 708,767 708,767 -15-
WANDSWORTH CARERS, CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 13. INDEPENDENT EXAMINATION The independent examlnerfs gross of VAT fee conslsted of: 2025 2024 Independent examinatton Preparatlon of SORP flnanclal ststernents 2,200 1,220 2,100 1,140 3,420 3,240 14. TANGIBLE FIXED ASSETS Plant and machinery COST At l April 2024 Addltlons 98,553 7,194 At 31 March 2025 105,747 DEPRECIATION At l Aprll 2024 Charye for year 98,553 1,798 At 31 March 2025 100,351 NET BOOK VALUE At 31 March 2025 5,396 At 31 March 2024 15. DEBTORS: AMOUNTS FALLING IXIE WITHIN ONE YEAR 2025 2024 Accrued income Prepayments 133,534 7,265 184,003 3,927 140,799 187,930 -16-
WANDSWORTH CARERS. CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 16. CREDITORS: AMOUNTS FALUNG DUE wmiJN ONE YEAR 2025 2024 Social security and other taxes Other creditor5 Accruals DeftrTed income 9,772 376 21,275 70,037 9,065 11,106 93,782 16,396 101,460 130,349 Defeffed I Balance brought forward Amounts released to Incomw resour Amounts deferred in the year 16,396 (16,3961 70.037 Balance carrled foThvard 70,037 Deferred income comprlses income recelved during the year whlch felates to the next financial year. Deferred income at 31 March 2025 includes restrtcted deferred Iome of E20,000. 17. LEASING AGREEMENTS Mlnimum lease payments under nOn-Can[ab]e opetBting leases fall due as follows: 2025 2024 Withln one year Beeen one and five year5 24,800 70,267 23,300 95,067 95,067 118,367 18. ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS 2025 Total funds 2024 Total fund5 Unrestricted fund5 Restricted fund5 Fixed assets Current a55ets Crnt Ilabllltles 5,396 911,923 (81,460) 5,396 942,870 (101,460) 30,947 (20,000) 839,116 (130,349) 835,859 10,947 846,8C 708,767 Comparauves for rt a55ets Ixtween funds un$tricl funds Restrlrta funds 2024 Total funds Current assets Current liabilittes 839,116 (130,349) 839,116 (130,349) 708,767 708,767 -17-
WANDSWORTH CARERS. CENTRE NOTES TO THE FINANCIAL sfATEMEMfs - continued FOR THE YEAR ENDED 31 MARCH 2025 19. MOVEMENT IN FUNDS Net movement In funds Transfe beleen funds At 3113125 At 114124 Unrestrlcted funds General fund Contlnuty Fund staff rejundancy Fund Contingency Fund Capital expenditure Fund Working capitsl Fund 372,767 200,000 65,000 25,000 22,OOQ 24,000 127,092 (74,000) 50,000 5,000 5,000 8,000 6,000 425,859 250,000 70,000 30,000 30,000 30,000 708,767 127,092 835,859 Restrirted fund$ The Wimbledon Foundation - Young ca15 Coordinator London Borough of Wandsworth - Dlta1 Incluslon 11,068 11,068 (121) (121) 10,947 10,947 TOTAL FUNDS 708,767 138,039 846,806 Net movement In funds, Included in the al)ove a as folows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 907,046 (779,954} 127,092 Restricted funds The Wlmbledon Foundation - Young Carer5 Coordinator London Borou of Wandsworth - Digital Incluslon 23,100 (12,032) 11,068 25,000 (25,121) (121) 48,100 (37,153) 10,947 TOTAL FUNDS 955,146 (817,107) 138,039 -16-
WANDSWORTH CARERS, CENTRE NOTES TO THE FINANCIAL sTATEMEs - continued FOR THE YEAR ENDED 31 MARCH 2025 19. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement In funds Transfers betsveen funds At 3113124 At 114123 Unrestricted funds General fund Continulty nd staff redundanty Fund ContingenLry Fund Capital expendiojre Fund Working capital Fund 324,411 200,(KIO 60,0 25,000 22,000 24,000 53,356 (5,000) 372,767 200,000 65,000 25,000 22,000 24,000 5,000 6S5,411 53,356 708,767 TOTAL FUNDS 655,411 53,356 708.767 Comparative net movement In funds, incthjded in the ab¢)ve a as follows: Incomlng resouice5 Resour expended Movement in funds Unrestricted funds General fund 834,311 (780,955) 53,356 TOTAL FUNDS 834,311 (780,955) 53,356 UnMstrlctod Deslgnated Funds The following unrestricted funds have been earmarked for purposes. Conunuity Fund - to ensure contlnulty for three montrs in the event of withdrawal of annual grant and contratt fundlng. Stsff Redundancy Fund - to ensure sufficient reserves In the ebwt of witlmlrawal of funding ultIng In a statutory redundancy liabilty. Contlngency Fund - to cover for ernergencle5 (e.g. firE, ffoo¢ long-term staff sKkness). Capital Expendknre Fund - to cover for fijtu purchases of captsl equipment. Worklng Capltsl Fund - to ensure the flnandal stablllty of the chaiity, Restrlcted Funds The Wimbledon Foundation fundlng provlded to support aThJ empower 50 young carers each year to thrive by collaborating with them and th&r families to identfy and &jdre factor5 that negatwely impart thelr mental, physical and emots'onal wellbeing. Digital Inclusion funding to improve digital inclusion for uakI care15 in Wandworth wlth a focus on those most digitally isolated and those aged 60+. -19-
WANDSWORTH CARERS, CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 20. RELATED PARTY DISCLOSURES There wwe no related party transactions for the year ended 31 March 2025. 21. COMPANY LIMITED BY GUARANTEE The charity is limited ty guarantee and Ikis no captsl. The abilIty of each member Is detemiined by the Arfdcles of the charity and shall not e%ed £1.