CITY & HACKNEY CARERS CENTRE (Company limited by guarantee no. 03044523 registered charity no. 1054962) REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 KNOX CROPPER chartered accountants
CITY & HACKNEY CARERS CENTRE {Company limited by guarantee no. 03044523. registered charity no. 10549621 REPORT AND FINANCIAL STATEMENTS Forthe year ended 31 March 2023 CONTENTS Page Legal and administrative information Board of Trustees's report Independent Examinerfs report statement of financial activities 10 Balance sheet 11 Cash flow statement 12 Notes to the flnanclal statements 13
CITY & HACKNEY CARERS CENTRE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS Forthe year ended 31 March 2023 Board of Trustees Jonathan Passman Malcolm Aickin Helen Mary Julian Mary Hiscock Cassim Adepegba Angelina Daly Dominic Masny Melvyn Abraham-Hagan (resigned 14 FebrLJary 20231 Hester R Merrett John Smith (resigned 14 February 20231 Chalr Angelina Daly Treasurer Malcolm Aickin Chief Operations Officer Joanna Brunt Company reg. no. 03044523 Charity reg. no. 1054962 Registered office 5th Floor 65-68 Leadenhall Street London EC3A 2AD Independent Examiner Knox Cropper LLP 65 Leadenhall Street London EC3A 2AD Bankers Unity Trust Bank Four Brindley Place Birmingham BI 2HB
CITY & HACKNEY CARERS CENTRE BOARD OF TRUSTEES, REPORT For the year ended 31 March 2023 The trustees present their report and the independently examined financial statements for the year ended 31 March 2023. Reference and administrative infomiation sel out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charib'es.. SORP applicable lo charities preparing their accounts in accordance with FRS 102. Objectives and activities The objects for which the charity was established are.. the relief of persons suffering from disabilities arising from age, or physical or mental disability in particular by the provision of practical assistance, SUPFX)rt, training, advocacy, counselling and information to those persons caring for persons with such disabilities in the City of London and the London Borough of Hackney (the 'Carers"). The mission City & Hackney Carers Centre aims to improve Carers, quality of life and to ensure the delivery of Carer focussed services in the borough of Hackney and the City of London. The need There are around 16,000+ carers in Hackney Icensus 20211 with approximately 3,000 providing more than 50 hours of care each week and 85 in the same group in the City of London. We 8re in touch with 1,795 carers. Carers continue to report increased levels of health inequalities, poor mental health, social isolation and financial difficulty. CHCC prides itself on listening to what carers want and need and we design our service offer accordingly. Publlc Beneflt statement The Trustees consider that they have complied with Section 17 of the Charities Act 2011 with regard lo the guidance on public benefit published by the Charity Commission. The trustees review the aims, objectives and activities of the charity each year. This report looks al what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity h8s brought lo those groups of people that il is sel up lo help. The review also helps the trustees ensure the charitys aims. objectives and aclivf(ies remained focused on its slated purposes. The Iruslees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charills aims and objectives and in planning its future aclivilies. In particular, the trustees consider how planned activities will contribute lo the aims and objectives that have been sel. Maln Actlvltles to Support Objectlves: All activities delivered by City & Hackney Carers Centre ICHCCI respond to local need and provide quality servi8 to carers and the people they care for. This year CHCC has supported Ljnpaid Carers with the provision of the following services.. Specialist advi and information on welfare benefits, grant applications, housing advice and form filling. Generalist information, advice and signposting for current and former carers, the people they care for and professionals.
CITY & HACKNEY CARERS CENTRE BOARD OF TRUSTEES, REPORT For the year ended 31 March 2023 A weekly 'Whal's on, e-news bulletin sent lo both carers and professionals, giving information about local voluntary sector and statutory services and the Cenlre's activities. Online and in-person wellbeing sessions. Educational workshops and information sessions. Carers coffee mornings lonline} providing peer support, high quality information and lo enable carers lo contribute lo the shape of Servi provision. 1..1 counselling, Listening Ear and coaching sessions. Buddying and trips for males over 50yrs. A Young Adult Carer Support servi Icarers aged 16-251. OUR SERVICES In the year 2022-23 City & Hackney Carers Centre was in touch with 1111 unpaid carers and actively worked with 784 of these across the range of our SerVis.. Brocals: An isolation busting project for men over 50yrs funded by Public Health England through the City & Hackney Wellbeing Network. This project came lo an end in October 2022 having worked with 42 older men over the year and 10 older and younger men were supported lo form and maintain befriending relationships. A weekly meet up was held at Wellspace on Well Street, E9 at the request of the Brocals. The group centred around an aclivily, arts and craft or singing and was attended by 8-10 men. Outcomes". Formedy isolated men were supported to increase their social connections A regular group was established that the men could rely on as part of their weekly schedule Arts activities offered mental relaxation and focus to participants Befriending service participants received the following additional benefits.. Digital inclusion support Gentle exercise Emotional support This case study demonslrales this effect in action: As a seNice user, I've found the group and how it is run remarkably supportive.. held with skill, and providing ease of engagement at my own pace. I really couldny have asked for a more natural Spa for support and recovery.'Arjun, 67 (Please note that names h8ve been changed throughout for reasons of confidentiality.) Carers Information and Advice Service Over the year the Carers Advice and Information Setvice, funded by City Bridge Tnjst and the London Borough of Hackney, look 608 referrals for advi support and provided 461 hours of 1..1 advice and information to 345 unpaid carers and the people they care for. Parent Carers Ilhose caring for 8 child with a disability or life limiting condition) made up 94 of these. 227 were carers of adults, 7 were former carers, 8 Young Adult Carers and 3 were carers of both a child and an adult. We provided 646 hours of ad hoc telephone advi through our Wednesday advice line and 85 hrs of e-mail advice.
CITY & HACKNEY CARERS CENTRE BOARD OF TRUSTEES, REPORT For the year ended 31 March 2023 Advi sessions were delivered by our two advisers who speak a range of community languages (Dutch, Somali, Bengali, Urdu, Hindi) and were held in person at the Hackney Service Centre on Mondays and Fridays throughout the year and remotely via Zoom or telephone. Carers were supported with range of issues which we have ordered according lo their prevalence.. Welfare Benefits 450k, Help to access a grant 180/0, Support with goods and services (usually negotiating with ulilily companies) 8 %, Housing 8 /0, Personal (Usually mental ill health) 5 /0, Help from Social SeNi¢es 10 /0, Help with Blue Badge and Freedom pass 60/ts, Education, training and employment 1 %. Quot& from a carer who used the advice and information Seice.. -Premila Patel in Hackney carer centre was exceptionally helpful. Not only she helped me to fill in forms, she has provided me with usefvl organizations, links, phone numbers and web sites where I can tum for help with food, childcare, and other day to day things I'm struggling with. For example, she has sent me direct link lo a -neighbourf website where I can get free stuff locally.........being a carer - I find the carer's centre a lifesaver, an org2nisation that I feel can truly understand me, what I'm going through, without being judged and with the opportunity lo meet likeminded people. Alice, 35. Mental Health Support Based on Zoom and telephone, our counselling Servi is open to all carers in Hackney and the City. The Servi was funded through a combination of charges lo carers using the service lon a sliding scale) and through a donation from Lloyds. Offering Human Givens Therapy and integrative counselling plus access to life coaching, this year we received 90 referrals which is almost double the number of referrals last year {461. 69 carers went on to have counselling with us. 6 decided that the listening ear service would suit them better and 15 decided not lo pursue counselling or a¢sSed counselling from other agencies. Our volunteer counsellors supported carers through difficult lrfe experiences such as the loss of a loved one, coming to terms with a diagnosis, managing challenging behaviour land their response to this), relationship difficulties, depression, anxiety and trauma. Counselling has enabled carers lo make positive changes, feel heard and to look after their own emotional health. Our 'Lislening Ear, sessions have continued to be an important element of our service offer. These 45-minute telephone support sessions provide an opportunity for carers to offload lo a trained person about the stresses and strains they are experiencing over the telephone or on Zoom, al a time that suits them. Over the year CHCC conducted 114 listening ear sessions with 49 carers. These sessions include impromptu calls from carers in crisis, scheduled telephone appointments and zoom appointments. 'Ben was a life saver. In the most challenging situation I have ever found myself in, he not only provided me with counselling on the spot (which was over one hour) bul he also equipped me with practical and emotional advice on how to get myself and my son through the day as well as for in the near future."Alicia, 40 Young Adult Carers Service This service is funded by the Carers Trust's Making Carers Count Programme. The service is for those wth caring responsibilities aged 16 10 25yrs old. The service is delivered through 1..1 support sessions (via telephone and in community locations} through a vibrant WhalsApp group, and through weekly group sessions held al Forest Rd Youth Hub in Hackney.
CITY & HACKNEY CARERS CENTRE BOARD OF TRUSTEES, REPORT For the year ended 31 March 2023 Over the year 95 young adult carers were involved in the servi. 171 individual support sessions, groups and activities were delivered over the year wrth an average of 5 young adult carers attending weekly sessions. Positive outcomes for young people over the year include.. Successful completion of education and training., access to local health facilities,. access lo higher education., access to youth counselling., access to employment., access lo welfare benefits., access to books,. access lo a range of regular social and respite Stand out successes of the project are the WhatsApp Group which is lively and supportive., the weekly social group which builds community and peer to peer support,. integration with local professional networks such as the Neighbourhood Network and Hackney 16+ network The YAC coordin8lor has cprOduced carers identification and support schemes with Homerton and Royal London hospitals and the delivery of Young Carer identification programme with the Children's Society. We have developed good relationships with Young Hackney who are a regular source of referrals as young carers in their service approach adulthood and Carers First who refer into the service as well. Onlina groups and information sessions Over the year we ran 7 online information wort(shops attended by 47 carers. Topics were= Lasting Power of Attorney and writing a Will Iran bNicel Understanding Delirium Urinary incontinence SENDIAG -special Educational Needs and Disability information advice and guidance service Care Quality Commission - Because We all Care The Late Stages of Dementia Our monthly online coffee mornings continued with 71 carers attending over the year. "Ils been a good opportunity for carers to leam about Experts by Experience who vNsil people who use health and social care and to talk about their experience and have that feedback to appropriate dept" Feedback on CQC workshop. 'It has been a helpful session,. the host has agreed to call me back after the workshop and help me Solve my problem. I feel supported and not so alone. It was also very helpful to hear other parent carers share their knowledge and tips for where I can get additional support." FeedbaGk on SENDIAGS workshop Wellbeing Activities With funding from the Department of Levelling up in conjunction with Hackney Council, we were able lo pilot a programme of Wellbeing and Information days for carers in the Hackney Marsh area. The project aimed to engage with carers who face inequalities, to provide health information and advice, develop knoedge around self-care and to provide poverty reduction advi. The days involved a movement class, access to mini massages, access lo sessions with an adviser and talks from health and welfare related professionals. There were on average 7 carers in attendance at each day. Through funding from Kings Park Moving Together IKPMTI we have been able to run a weekly chair-based exercise class at Kingsmead Community Centre. This has been accessed by 27 carers over the year.
CITY & HACKNEY CARERS CENTRE BOARD OF TRUSTEES, REPORT For the year ended 31 March 2023 We also offered a weekly Chair Disco session with community lunch afteNards in conjunction with Wick Award. This was accessed by 20 carers. In addition, we have hosted a a weekly strength building class on zoom for carers unable lo leave the home or who prefer lo exercise al home. This is regularly attended by 5-8 'Thenk you for inviting me lo the Wellbeing and Information Day. Firstly, it wes a relaxing day filled with lots of valuable information to take away. The massage was fantastic,. it was incredibly relaxing, even though il was just a sample session. All the speakers were welcoming, and il truly highlighted the fact that we are not alone. I would love to see more of these sessions happening more often. The only downside was that the lunch was cold, bul it was manageable. The staff were very accommodating and attentive, listening to our needs and offering advice and helpful signposts. l also wanted to express my gratitude for the faGe massage stone you provided and for the information about il. Thank you once again for organiJng this enriching event.. M, Carer Feedback in numbers 83QA of carers were happy with the counselling they had received and 17Q/o carers said they were satisfied. They commented that they fell heard in the sessions and have fell better able to resolve their issues following the counselling support. Carers reported feeling more confident to continue with their caring roles after completing counselling sessions with us. 670k of carers who used the listening ear service said they were h8ppy with the service and 330/0 felt satisfied. They also fell better able lo manage their own issues and manage their caring role as a result of the SLJPPOrt they received. 79O/g of earers were happy with the service they received and felt the issues they had presented with were adequately addressed. 18 /0 were satisfied with the service and 3°/0 made no Comment. 920/0 of carers using the advi and information service fell they were better able to deal wth their issues. 970/0 of carers said they feel more confident to continue in their role as a carer. 950A of all carers surveyed across all CHCC'S ServIS were either 'happy' or 'satisfied' with the overall service they received. 5 % chose not to comment. Chair's Report Our services for unpaid carers have been well used throughout the year, as you can read in the rest of this report. Post pandemic we have moved lo a model where we support carers through services provided both in person, online and via phone. Our financial position remains strong, wth only a slight drop in reserves from the previous year. This puts us on a good fooling for providing services next year. The team at CHCC, led by our COO Joanna Brunt. should be congratulated on the huge effort in applying for funding and for keeping a strict control of costs.
CITY & HACKNEY CARERS CENTRE BOARD OF TRUSTEES, REPORT For the year ended 31 March 2023 CHCC would like to thank the following funders for their support :_ Arnold Clarke Community Fund Carers Trust Chades Hayward Foundation City Bridge Trust Co-op Hackney Giving Hackney Parochial Charities Kings Park Moving Together London Borough of Hackney {LBHI London Catalyst London Community Foundation Partnership for People and Place ILBHI Trust for London Financial Review The COVID 19 Pandemic significantly increased the needs of our beneficiaries. The Charity was in a strong position to respond to the increased needs and altered ways of working the Pandemic brought about. The results of the year's operations are sel out in the Financial Slalements. Total incoming resources amounted to £197.15012022.. £225,438) and total resources expended amounted lo £203,75512022.. £226.6931, resulting in a small deficit of £6,605 for the year {2022'. deficit £1,255}. This deficit is due to the expenditure of £18,587 of unrestricted funds lo facilitate the uninterrupted delivery of essential, valuable activities and development of new services for our beneficiaries. The success of the laller meant that the Reslricled Funds held increased by £11,982 from £39,641 to £51,623 over the year enabling us to maintain activities into the coming year. Resenles pollcy The Charity sets aside funds, as unrestricted reserves, to meet future anticipated or conlingenl expenditure, in particular lo.. cover staffing costs such as sickness or redundancy, to develop new activities and lo ensure the continuity of services through difficult financial periods. The Board of Trustees decided the desired level of the "free" reserves should be between 3- and 6-months recurrent expenditure al the lime this amounted to £100.000 £160,000, Recurrent expenditure is currently al a reduced level applying the same approach would require reserves between £56,000 and £100,000. While, in anlicipalion of growth in activity, the Board considers il prudent to maintsin the reserves al a higher level. 11, none the less, remains prepared lo use unrestricted reserves to develop and build new services for ils beneficiaries. At the end of the financial year the free reserves stood at £138,032 12022.. £156,619). This will enable the Trustees to accept financial risk and the charity to continue to develop new services to address the significant impact the Cost of Living crisis will have on beneficiaries. Risk The most significant risk faced by the Charity, as with many other small charities, is maintaining sufficient funding to provide for the needs of its service users. Our beneficiaries were particularly badly affected by the COVID19 pandemic and the Trustees anlicipale they will be further adversely affected by wider socio-economic and political challenges,. the cost of living crisis, high interest rates and changes to benefit systems.
CITY & HACKNEY CARERS CENTRE BOARD OF TRUSTEES, REPORT For the year ended 31 March 2023 The increasing use of web-based technology to serve the needs of our beneficiaries through the Pandemic and the periods of isolation and lock-down il has increased the risks of cyber-attack and the need for electronic data security. The Trustees believe that reasonable dats security measures are in place they continue to look into further steps to enhance protections. Going concem The Trustees believe that the level of reserves will enable the current level of activity to be sustained for more than 12 months while we continue to develop new services and identify new partners. In consequence the Trustees believe that the Charity will be able lo continue as a going concern into 2025 and beyond. Structure, governance and management Governing Documents The Trustees review the Articles of Association and Memorandum of Association in line with Charity Commission guidelines. Statement of responsibilities of the trustees The Iruslees (who are also directors of City and Hackney Carers Centre for the purposes of company lawl are responsible for preparing the trustees, annual report and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi1. Company and charity law requires the Iruslees to prepare financial statements for each financial year, which give a true and fair view of the stale of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required lo.. select suitable accounting policies and then apply them consistently make judgments and estimates that are reasonable and prudent prepare the financial slalements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping proper accounting records that disclose wth reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Iruslees, annual report which includes the strategic report has been approved by the trustees on 28 November 20 and signed on their behalf by GE DALY, Chair
CITY & HACKNEY CARERS CENTRE re istered com no. 03044523 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CITY & HACKNEY CARERS CENTRE FOR THE YEAR ENDED 31 MARCH 2023 report lo the charity trustees on my examination of the financial statements of City & Hackney Carers Centre for the year ended 31 March 2023. Responsibilities and basis of report As the Iruslees of the City & Hackney Carers Centre land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). You are satisfied that the accounts of the Company are not required by charity or company law lo be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the City & Hackney Carers Centre are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my ex3minalion of the accounts carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement I can confirm that l am qualified to undertake the examination because l am a registered member of the ICAEW which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept as required by section 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 give 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 Charities SORP (FRS 1021. I have no concerns and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Richard Billinghursl FCA Knox Cropper LLP Chartered Accountants 65 Leadenhall Street, London, EC3A 2AD Dale=
CITY & HACKNEY CARERS CENTRE STATEMENT OF FINANCIAL ACTIVITIES {Incorporatlng the Income and Expendlture Account) Forthe year ended 31 March 2023 Unrestrlcted Funds 2023 Restrlcted Funds 2023 Total Funds 2023 Total Funds 2022 Note INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activities 4,700 53,531 58,231 4,700 192,450 197,150 26,894 798,544 225,438 138,919 138,919 TOTAL EXPENDITURE ON: Charitable activities 76,818 76,818 126,937 126,937 203,755 203,755 226,693 226,693 TOTAL EXPENDITURE Nel incomelllexpenditurel before gains and losses on investments Nel income {18,5871 {18,5871 11,982 11,982 {6,605) {6,605) (1,255) (1,255) NET MOVEMENT IN FUNDS {18,5871 11,982 {6.605) (1,255) TOTAL FUNDS AT 1 APRIL 2022 756,679 39,641 196,260 19T,515 TOTAL FUNDS AT 31 MARCH 2023 138,032 £ 51.623 £ 189.655 £ 196,260 10
CITY & HACKNEY CARERS CENTRE Company limited by guarantee {registered company no. 030445231 BALANCE SHEET As at 31 March 2023 Notes 2023 2022 FIXED ASSETS Intsngible assets Tangible assets CURRENT ASSETS Debtors Cash al bank and in hand 9,249 191,288 200.537 10,430 203,201 213,631 CREDITORS: amounts falling due wlthln one year 110,882) (7 7,377) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 189.655 196,260 189,655 196,260 NET ASSETS 189,655 196,260 FUNDS Unrestricted funds.. General fund Reslricled funds 13 13 138.032 51.623 156,619 39,647 189.655 796,260 The financial slalements have been prepared in accordance with the special provisions in Part 15 of the Companies Act 2006 relating to small companies and the Financial Reporting Standard 102. The charitable company is entitled lo exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not required the charitable company lo obtain an audit of its financial statements for the year ended 31 March 2023 in accordan with Section 476 of the Companies Act 2006. The trustees aCknOedge their responsibilities for ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the slate of affairs of the charitable company as at the end of each financial year and of ils surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The financial statements were approved, and aulhorised for issue, by the Board of Trustees and signed on 28 November 2023 on their behalf by'.- ANGELI A DALY, Chair MALCOLM AICKIN, Treasurer
CITY & HACKNEY CARERS CENTRE CASH FLOW STATEMENT Forthe year ended 31 March 2023 2023 2022 Cash flows from operating activities Nel incomellexpenditurel for the financial year Adjuslmenls for.. Ilncreaselldecrease in debtors Increaselldecreasel in creditors 16.605) 11,2551 1.181 16,489) 111.913) 14,3121 11,9311 17,4981 Net Increaselldecrease} In cash and cash equlvalents 111.913) 17,4981 Cash and cash equivalents at 1 April 2022 203.201 210.699 Cash and cash equlvalents at 31 March 2023 191.288 203,201 Components of cash and cash equivalents Cash at bank and in hand 191.288 203,201 12
CITY & HACKNEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 ACCOUNTING POLICIES Basis of preparation of financial statemènts The financial stslemenls of the charty, which is a public benefit entity under FRS102, have been prepared under the historical cost convention. They have been prepared in accordance with applicable United Kingdom accounting standards, the requirements of the Statement of Recommended Practice'Accounting and Reporting by Charities. ISORP 20151, in accordance with the Financial Raporting Stsndard spplicable in th& UK IFRS 10218nd thg Charities Act 2011. The presenlalional currency of the financial slalemenls is Pound Sterling 1£). Company status City & Hackney Carers Centre is a company limited by guarantee. In the event of the Charity being wound up, tho114bilily in respe¢t of th& guaranltstr Is limited to £1 per member of the Charity. Going concern The trustees have prepared cash flows and budgets for the next twelve months and consider that the company is able to realise its assets and discharge its liabilities in the nomal course of business. The trustees have an expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis of accounting in preparing the annual financial stalemenls. Fund accounting General funds are unrestricled funds which are available for use at the discretion of the Trustees in furtherance of the general objects of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposss. The cost of adminislsring such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Statutory grants which are given as contributions towards the Charitls core seNices are treated as Ljnrestricted. Income All income is recognised in the Statement ol Financial Activities On the charity has entitlemenl to the funds, it is probable that the income will be rettived and the amount can be measured reliably. Expendlture Liabilities are Cognised as gxpenditure as swn as Ihtsre is 8 legal or ¢onslru¢live obligation commilling the charity lo 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 Ljnder headings Ihat aggregate all cost related to the category. Where costs cannot be directly attributed to partiCLJlar headings they have been allwaled to 8clivilies on a basis consislenl with the use of resources. Tangible fixéd assets and dépreeiation All assets costing more than £1,000 are capit81ised. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases.. Fixture and Equipment 4 Years 13
CITY & HACKNEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 Office eqLJipment 4 Years Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short matLJrity of three months or less from the date of acqLJiSition or opening of the deposit or similar account. Short-term debtor5 and Greditors Debtors are recognised when the charity is legally entitled lo the income after any performance conditions have been met, the account can be measured reliably and it is probable Ihat the income will be received. Creditors are recognised when the charity has a present legal or constructive obligslion rèsulting from a past event to makè paymént lo a third paty, il is probablè that sèttlèmonl will be required and the amount due lo settle the obligation can be measured or eslimaled reliably. Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instrLJments are initially recognised at transaction value and subsequently measured al their settlement value which are subsequently measured al amortised ¢ost using Ihtr effective interest method. Pensions The company operates an Auto Enrolmenl pension scheme in which the Company contributes 5° and the Employee 8 minimum of 3¢/0 of gross salary. Some employees 8re members of 8 legacy slakehold8r pension scheme where the company contributes 5010 of gross salary. The pension ch8rge represents the amounts payable by the company to the funds in respect of the year. 2. DONATIONS AND LEGACIES Unrestrlcted Restrlcted Funds Funds 2023 2023 Total Funds 2023 Total Funds 2022 Donations other income 2,545 2,155 2,545 2,155 25,092 1,802 4,700 £ Nil £ 4,700 £ 26,894 14
CITY & HACKNEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 3. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds 2023 2023 Total Funds 2023 Total Ftsnds 2022 Carer's support services Advi¢e 30,157 23,374 87,445 51,474 117,602 74,848 334, 166 64,378 53,531 £ 138,919 £ 192.450 £ 198,544 Analysis of funding Unrestricted Restricted Funds Funds 2023 2023 Total Funds 2023 Total Funds 2022 Carerfs support services Carers Trust - Aspralion Fund Brocals- Public Health Fund London Borough Hackney Charfes Hayward Foundation Carers TrLJSt- Making Carers Count Hackney Giving London Catalyst The London Community Foundats'on Counselling income THCC Tier 1 and Upper Tribunal West Hackney Parochial Charity Kings Park Moving Together 4,825 33,451 10,000 10,000 7,000 59,280 8,665 1,500 9,997 2,960 3,700 2,000 12,500 117.602 7,000 $9,280 3,665 31,670 38,840 5,000 1,500 9,997 2,960 3,700 20,000 7,605 1,850 2,000 12,500 87,445 1,925 134, 166 30,157 Advleè City Bridgè Trust Citizens Advice East End 51,474 51,474 23.374 74,848 46,290 78,088 64,378 23,374 23,374 51,474 $3,531 £ 138,919 £ 192,4SO £ 198,544 15
No employee received remuneration of more than £60,000. (2022 - None)
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
CITY & HACKNEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 10. TANGIBLE FIXED ASSETS Fixture and Equipment Cost At 1 April 2022 and 31 March 2023 8.574 Depreciation Al 1 April 2022 and 31 March 2023 At 31 March 2023 8,574 8.574 Net book value At 31 March 2023 At 31 March 2022 Nil 11. DEBTORS 2023 2022 Due within one year Trade dtrblors Prepayments other debtors 7,464 957 828 9,288 1, 142 9,249 £ 10,430 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Social security and other taxes Other creditors Accruals 2,697 9,308 2,670 3,493 90 721 5,425 3,849 10,882 £ 17.371 18
CITY & HACKNEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 13. STATEMENT OF FUNDS Transfers and Brought Incomlng Resources Investment FoMar(l Rèsourcès Expèndèd iainslllossesl Carrled Fonvard RESTRICTED FUNDS Carer's support services City Bridge Trust Carers TrLJSt 13,051 28,165 130,0521 8.142 51,474 146,1351 18,448 59,280 SO,750 £ 39,641 £ 138,919 £ 1126,9371 £ 11,164 13.481 26.978 Nil £ 51.623 SUMMARY OF FUNDS General Funds Restricted Funds 156.619 39,641 $8,231 13B,919 176,8181 1126,9371 138.032 51,623 COMPARA TIVE STA TEMENT OF FUNDS Transfers and Brought Incoming Resources investment Fonvard Rèsources EXnded iains/(loss8sJ Carried Forward RESTRICTED FUNDS Carers support seNIS 28,131 130,711 {127,343) 31.499 M&r¢ers Charitabl& FoundatAon City Bridge Trust 21.200 (21.536) 46,290 (38,148) £ 49,331 £ 177,001 £ (187,027) £ 336 8.142 336 £ 39,641 SUMMARY OF FUNDS Gènèr81 Funtls Reslricted Funds 148,184 48,437 (39,666) 49,331 IT7,001 (187,027) £ 197,515 £ 225,438 £ (226,693) £ (336) 156,619 336 39,641 Nil £ 196,260 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds Restricted Funds Total Funds Net current assets 138,032 51,623 189.655 £ 138,032 £ 51,623 £ 189.6SS Comparative analysis of net assets £ 156,619 £ 39,647 £ 796,260 15. RELATED PARTIES Th&re wer8 no olh&r relalod party transa¢tions in the year. 19
CITY & HACKNEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS Forthe yearended 31 March 2023 16 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds 2022 Restricted Funds 2022 Total Funds 2022 INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activities 26,894 21,543 48,437 26,894 198,544 225,438 177,001 I T7,001 TOTAL EXPENDITURE ON: Charitable activities 39,666 f87,02T 226,693 Nel expenditure Transfer between funds 8, 771 (10,026) 336 fl,255) (336) Nel outgoing resources before other recognised gains and losses 8,435 (9,690) (1,255) NET MOVEMENT IN FUNDS 8,435 (9, 690) (1,255) TOTAL FUNDS AT 31 MARCH 2021 148,184 49.331 197,515 TOTAL FUNDS AT 31 MARCH 2022 156,619 £ 39,641 £ 196,260 20