CITY & HACKNEY CARERS CENTRE (Company limited by guarantee no. 03044523 registered charity no. 1054962) REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 KNOX CROPPER chartered accountants
CITY & HACKNEY CARERS CENTRE (Company limited by guarantee no. 03044523. registered charity no. 1054962) REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024 CONTENTS Page Legal and administrative inforniation Board of Trustees. report statement of directors. responsibilities Independent Examinerfs report 10 Statement of financial activities Balance sheet 12 Cash flow statement 13 Notes to the financial statements 14
CITY & HACKNEY CARERS CENTRE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS For the year ended 31 March 2024 Board of Trustees Jonathan Passman Malcolm Aickin Helen Mary Julian Cassim Adepegba Angelina Daly Dominic Masny Hester R Merrett John Smith (Resigned 28 November 2023) Chair Angelina Daly Treasurer Malcolm Aickin Chief Operations Officer Joanna Brunt Company reg. no. 03044523 Charity reg. no. 1054962 Registered offic8 Marie Lloyd Centre 329 Queensbridge Road London E8 3LA Independent Examiner Knox Cropper LLP 65 Leadenhall Street London EC3A 2AD Bankers Unity Trust Bank Four Brindley Place Bimiingham BI 2HB
CITY & HACKNEY CARERS CENTRE BOARD OF TRUSTEES. REPORT For the year ended 31 March 2024 The trustees present th8ir report and the independently examined financial statements for the year ended 31 March 2024. Reference and administrative information set 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 Chanties.. SORP applicable to charities preparing their accounts in accordance wth FRS 102. Objectives and activities The objects for which the charity ds established are= the relief of persons suffering from disabilities arising from age, or physical or mental disabilty in particular by the provision of practical assistsnce, support, training. advocacy, counselling and information to those persons caring for persons wth 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 {Census 2021) wth approximately 3,000 providing more than 50 hours of care each week and 85 in the same group in the City of London. We are 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 vRnt and need and we design our service offer accordingly. Public Benefit statement The Trustees consider that they have complied th Section 17 of the Charities Act 2011 wth regard to 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 at what the charity has achieved and the outcomes of its vnrk in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charitys aims, objectives and activities remained focused on its stated purposes. The trustees have refeed to the guidance contained in the Charity Commission's general guidance on publi benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set. Main Activities to Support Objectives: All activities delivered by City and Had(ney Carers Centre (CHCC) respond to local need as far as is practicable, and provide quality services to carers and the people they care for. This year CHCC has supported unpaid Carers with the provision of the following seriices.. Specialist advice and information wth a povety reduction approach, VrkIng to maximise the income for carers and their households. Activities include access to statutory help and vlfare benefits. individual grant applications, housing advice, energy saving advice and fomi filling.
CITY & HACKNEY CARERS CENTRE BOARD OF TRUSTEES. REPORT For the year ended 31 March 2024 Generalist information, advice and signposting for current and fomier carers, the people they care for and professionals. A weekly 'What's on, e-news bulletin sent to both carers and professionals, giving information about local activities and initiatives, positive health messaging and infomiation to reduce poverty. Online and in-person wellbeing sessions. Educational workshops and infomiation sessions. Carers coffee mornings (in person and online) providing peer support, high quality information and to enable carers to contribute to the shape of Servi provision. 1..1 counselling and Listening Ear sessions. A Young Adult Carer Support Service {Carers aged 16-25). Hosting the Hackney Special Educational Needs and Disabilities Parent Carer Forum. OUR SERVICES In the year 2023-24 City & Hackney Carers Centre YRS in touch with 2001 unpaid carers and actively worked with 770 of these across the range of our seNices'. Carers Inforniation and Advice Service Over the year the Carers Advice and Information Service, funded by Cty Bridge Foundation and the London Borough of Hackney. took 551 referrals for advi support and provided 845 hours of 1..1 advice and information to 349 unpaid carers and the people they care for. In addition to this we provided general information about support with caring and carers rights to 364 carers and professionals. We supported 10 carers to appeal the OLrtcome of a benefrt application through a tribunal. Six of these were successful, 2 were unsuccessful and at the time of writing 2 were pending an outcome. We worked with Hackney Council to support 36 carers in hardship to access £100 shopping vouchers to help th managing the cost of weekly groceries. We worked wth Hackney Giving to provide £4.500 worth of fuel hardship grants to 45 carers and their households, supporting them to heat their homes over the very drfficutt winter period. Advice sessions were delivered by our two advisers vtho 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 a range of issues which we have ordered according to their prevalence.. Welfare Benefits 450A, Help to access a grant 140A. Support with goods and services (usually negotiating wth utility companies} 10 %, Housing 7 %. Personal (Usually mental ill health) 7 %. Help from Social Services 6 %, Referrals to the foodbank So, Help wth Blue Badge and Freedom pass 30A, Education, training and employment 2°A, Family issues 1°k. Quote from a carer who used the advice and InfOatIOn service: "The time and devotion tsken to assist me was well appreciated. Even if all is not 100/oJ Interaction and assistance made me feel like all will be well. Thank youl"
CITY & HACKNEY CARERS CENTRE BOARD OF TRUSTEES. REPORT For the year ended 31 March 2024 "Carers for hackney have helped me so much with vital infomiation and other oryanisations that can help which I was not aware of." Mental Health Support Based on Zoom and telephone, our counselling sep4ice is open to all carers in Hackney and the City. The service was funded through a combination of charges to carers using the service lon a sliding scale) and through a donation from the London Communty Foundation and Evening Standard Dispossessed fund. Offering Human Givens Therapy and integrative counselling plus access to lrfe coaching, this year 77 carers accessed counselling wth us. We had to pause taking referrals between October and March as the waiting time to start counselling followng an assessment had risen to 6 months. Pausing referrals allowed us to offer a faster entry into the servi. Our volunteer counsellors supported carers through difficult life 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 to make positive changes, feel heard and to look after their own emotional health. Quote from a carer.. "It is pmbably the best counselling for me, that I have had, and has really helped me question and not feel ashamed or guilty about feelings and emotions. and questioning and addressing past traumas and patterns." Our 'Listening 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 to a trained person about the stresses and strains they are experiencing over the telephone or on Zoom, at a time that suits them. Over the year CHCC conducted 94 listening ear sessions wth 29 carers. These sessions include impromptu calls from carers in crisis, scheduled telephone appointments and zoom appointrnents. "Im very happy I had my listening sessions it helped me to cope better with my caring role and self- esteem. Joanna was wonderful it was so good having someone to share my concerns and was never judged but encouraged. Truly amazing." Young Adult Carers Service This service was funded by the Carers Trust's Making Carers Count Programme. The service is for those wth caring responsibilities aged 16 to 25yrs old. This year the service was delivered in partnership wth Carers Centre Tower Hamlets. We continued to offer the same activities but wth a blended group of young people from both boroughs. The service offered.. 1..1 support sessions (via telephone and in communty l¢)cations) Membership of a vibrant and supportive WhatsApp group Weekly group sessions held altemately at Forest Rd Youth Hub in Hackney and at Carers Centre Tower Hamlets Monthly trips to places chosen by the young people Over the year 115 young adult carers were involved in the ser4ice. 74 individual support and case work sessions were held. Weekly social groups and monthly trips and activities ran throughout the year with an average of 12 young adult carers attending each session.
CITY & HACKNEY CARERS CENTRE BOARD OF TRUSTEES. REPORT For the year ended 31 March 2024 Positive outcomes for young people over the year include= Successful completion of education and training., access to local health facilities- access to a range of regular social and respite opportunities.- access to youth counselling., access to employment,. access to welfare benefits,. access to books; access to a range of regular social and respite activities. sin conducting an activity poll attendance at social activities has quadrupled. Engaging in joint activities with Tower Hamlets Young Adult Carers Project, increasing diversity of social contact for members of both groups which has been well received by participants. We attended the MCC Conference in May 2023 Ythich resulted in some excellent feedback around engagement, including venues and activities. We c0-produd a friend and family hub at Homerton Hospital v4ith NHS ELFT mental health service. We received meaningful support from Hackney 16+ neM()rk around work experien. and respite activities for individual YACS. We continue to nurture 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. "Being part of the young adult carers pmgramme is fvn, stress relieving, supportive the financial help has made life easier. It's been great gethng to know new people facing the same/similar issues that I face. The trips have been really fun, I had never been to Thorpe Park before and it was really good lun as were the other tnps l attended. Ben is very supportive and l enjoy the weekly social groups." Go carting was really grea¢ I met new people and had fun. Online groups and inforniation sessions Over the year we ran 9 online information workshops attended by 45 carers. Topics were: Inheritance Tax (ran three times) Herbert Protocol and safer walking (ran tN¥ice) SENDIAG -special Educational Needs and Disabilty infomiation advice and guidance seNice Rare Dementias stress Management Better Sleep Our monthly online and in person coffee momings continued with 27 carers attending over the year.
CITY & HACKNEY CARERS CENTRE BOARD OF TRUSTEES. REPORT For the year ended 31 March 2024 Wellbeing Activities With continuation funding from the Departrnent of Levelling up in conjunction with Hackney Council, we were able to offer a series of 3 further Wellbeing and Information days for carers in the Hackney Marsh area. The project aimed to engage with carers who face inequalities, to provide health infomiation and advi, develop knoedge around self-care and to provide poverty reduction advice. The days involved a movement class, access to mini massages, access to sessions wth an adviser and tslks from health and welfare related professionals. 26 carers attended the sessions. Through funding from Kings Park Moving Together (KPMT) we have been able to continue running a weekly chair-based exercise class at Kingsmead Communty Centre. This has been accessed by 24 carers over the year. We continued to offer a weekly online exercise class called 'Strongerf. This is aimed at carers who find it difficult to leave the home and combines fun dance moves strength building exercises. 20 carers enjoyed this class over the year. "I found the welling being days helpful as I received infomiation that I was not aware of and I was signposted to other oryanisations for further support The inforniation sessions that l attended such diabetes, blood pressure, mental wellbeing was all useful and infomiative. By attending the wellbeing session, it gave me the opportunity to meet other carers and hear about their own experiences. I really enjoyed attending the wellbeing sessions and l also appreciate the snacks that were provided." Hackney SEND Parent Carer Forum In August 2023 City & Hackney Carers became the new host organisation for the Hackney SEND Parent Carer Forum. The forum enables parents and carers of children (0-25yrs) wth special educational needs and disabilities (SEND) to work in collaboration wth local decision makers, communicating their views and experiences and helpinq to shape local services. Over the year we have established an advisory group made up of parents and carers of children and young people with SEND and ran 5 monthly forums bringing 80 parents and carers together wth commissioners and service heads, providing information on topics such as preparing for adulthood, the joint strategic needs analysis, the family coach service, the money hub. emotionally based school n0n-attendan, the short breaks service and more. We also ran a wellbeing workshop Autism Central which Nyas attended by 11 parents and carers. Feedback in numbers 100 % of all carers surveyed across our services were happy or satisfied wth the seNice they received. 84 % chose happy as a response and 16% fett satisfied. 950 of all carers surveyed across all CHCC'S services were either 'happy' or 'satisfied' with the overall service they received. 5 % chose not to comment. 920kn of carers felt their issues were adequately addressed by CHCC. 96¥0 of carers said they felt better able to resolve their issue after using our SeICe. 88 % of carers said they felt better able to continue caring as a result of using our services.
CITY & HACKNEY CARERS CENTRE BOARD OF TRUSTEES. REPORT For the year ended 31 March 2024 Chair's Report This year has been particulady difficult one for unpaid carers due to cost of living pressures. Services we offer such as advice and mental health support have been in high demand. You can read more about the help we were able to provide elsewhere in this report. We have offered support to carers by a variety of different mechanisms fa to face sessions, telephone support, and use of video conferencing services such as Zoom. During the pandemic, the charity gave up its office space and its staff worked either from home or in locations out in the community such as the Hackney Service Centre. However, it was decided that we needed to get back to having a physical presence somewhere where carers could 'drop-in'. To this end, we negotiated space at the Marie Lloyd Centre in Hackney. Since the centre was to be shared with several other charities, it would also give us an opportunity for sharing ideas. Unfortunately, due to delays in the lease negotiations, City and Hackney Carer's Centre did not move to this office space during the 2023-24 financial year. but expect to move eady in the following financial year. I would like to thank all our funders for making the Vrk we do possible. I would also like to thank our CEO Joanna Brunt and all the staff for their hard work on supporting carers. Also. Joanna and her team are to be congratulated on maintaining the charity's financial position. This has been achieved by a huge effort in fundraising and a strict control of costs. CHCC would like to thank the followng funders for their support:_ London Borough of Hackney {LBH) City Bridge Foundation Trust for London Kings Park Moving Together Volunteer Centre Hackney Carers Trust, Making Carers Count London Community Foundation Evening Standard Dispossessed Fund Hackney Parochial Charities London Catalyst Department for Education Contact Chubb Lloyd's Financial Review As the COVID 19 Pandemic recedes Some of the additional needs of our beneficiaries remain and have been exacerbated by the Cost of Living crisis. The Charity was in a strong position to respond to the increased needs and altered ways of working the Pandemic brought about. It is now planning to return to hybrid Office working in the immediate future.
CITY & HACKNEY CARERS CENTRE BOARD OF TRUSTEES. REPORT For the year ended 31 March 2024 The results of the yearfs operations are set out in the Financial Statements. Total incoming resources amounted to £264,253 {2023= £197,150) and total resources expended amounted to £264,816 {2023.' £203,755), resulting in a small deficit of £563 for the year (2023= deficit £6.6051. This deficit is due to the expenditure of £7,108 of restricted funds to facilitate the uninterrupted delivery of essential, valuable activilies and development of new services for our beneficianes. The latter meant that the Restricted Funds held decreased by £7,108 from £51,623 to £44,515 over the year enabling us to maintain activities into the coming year. In contrast the Unrestricted funds are somewhat increased at £144,577 (2023: £138,032). Reserves policy The Charity sets aside funds. as unrestricted resees. to meet future anticipated or contingent expenditure, in particular to.. cover staffing costs such as sickness or redundancy, to develop new activities and to ensure the continuity of services through difficult financial periods. The Board of Trustees decided the desired level of the "free" reserves should be beeen 3- and 6-months recUent expenditure. As reported above expenditure in the year was £265k'. This puts a target for the unrestricted reseeS beeen £66k and £132k with the actual unrestricted reserve of £144.577 slightly above the top of the target s range. Last year's financial activity is a good example of the use of unrestricted reserves to provide the working capital to build new activities. The amount of the unrestricted reserve fluctuated markedly through the year. The use of unrestricted reserves as working capital is essential for the Charity to develop and build new services to meet beneficiaries increasing needs. The Board considers there is a continuing need for Unrestricted Resetves to be at or above the top of the range set by the policy. This wll enable the Trustees to accept financial risk and the charity to continue to develop new SeiceS to address the significant impact the Cost of Living crisis will have on beneficiaries. Risk The most significant risk faced by the Charity, as many other small charities, is maintaining sufficient funding to provide for the needs of its Servi users. Further support for holding unrestricted reserves above the target level in order to mitigate this risk. Our beneficiaries were particulady badly affected by the COVID19 pandemic and the Trustees anticipate they wll be further adversely affected by wder socio-economic and political challenges., the cost of living crisis, hi9h interest rates and changes to benefit systems. 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 it has increased the risks of cyber-attack and the need for electronic dats security. The Trustees believe that reasonable data security measures are in place they continue to look into further steps to enhance protections. Going concern The Trustees believe that the level of reserves wtll enable the current level of activtty to be sustained for more than 12 months and allow the Charity to continue to develop new services and identify new partners. In consequence the Trustees believe that the Charity wll be able to continue as a going conrn into 2026 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.
CITY & HACKNEY CARERS CENTRE BOARD OF TRUSTEES. REPORT For the year ended 31 March 2024 Statement of responsibilities of the trustees The trustees {who are also directors of City and Hackney Carers Centre for the purposes of company law) are responsible for preparing the trustees, annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company and charity law requires the trustees to prepare financial statements for each financial year. which give a true and fair view of the state 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 to= select suitable accounting policies and then apply them consistently make judgments and estimates that are reasonable and prudent prepare the financial statements on the going cOnM 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 wth 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 The trustees, annual report which includes the strategic report has been approved by the trustees on 11 November 2024 and signed on their behalf by ANGELIN.4 DALY, Chair
CITY & HACKNEY CARERS CENTRE re istered com an no. 03044523 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CITY & HACKNEY CARERS CENTRE FOR THE YEAR ENDED 31 MARCH 2024 I report to the charity trustees on my examination of the financial statements of City & Hackney Carers Centre for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the City & Hackney Carers Centre (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,). You are satisfied that the accounts of the Company are not required by charity or company law to 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 to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the accounts 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 14515){b) of the 2011 Act. Independent examineffs statement Since the Company's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I can confimi 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 confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect= accounling records were not kept as required by section 386 of the 2006 Act ', or the accounts do not accord yth 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 viewwhich is not a matter considered as part of an independent examination- or the accounts have not been prepared in accordan with the Charities SORP {FRS 102). I have no concems and have come across no other matters in connection with the examination to lch attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Richard Billinghurst FCA Knox Cropper LLP Chartered Accountants 65 Leadenhall Street, London, EC3A 2AD Date.. 1911112024 10
CITY & HACKNEY CARERS CENTRE STATEMENT OF FINANCIAL ACTIVITIES (incorporating the Income and Expenditure Account) For the year ended 31 March 2024 Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 Note INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activities 2.318 72.037 74.355 2,318 261,935 264.253 4, 700 192,450 19T,150 189.898 189,898 TOTAL EXPENDITURE ON: Raising funds Charitable activities 67,810 67.810 197,006 197,006 264,816 264,816 203, 755 203, 755 TOTAL EXPENDITURE NET MOVEMENT IN FUNDS 6.545 {7,108) (563 (6, 605) RECONCILIATION OF FUNDS: TOTAL FUNDS AT 1 APRIL 2023 138,032 51,623 189,655 196,260 TOTAL FUNDS AT 31 MARCH 2024 144,577 £ 44,515 £ 189,092 £ 189,655
CITY & HACKNEY CARERS CENTRE Company limited by guarantee (registered company no. 03044523) BALANCE SHEET As at 31 March 2024 Notes 2024 2023 FIXED ASSETS Intangible assets Tangible assets 10 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 16.589 196,375 212,964 9,249 t91,288 200,537 CREDITORS: amounts falling due within one year 12 123,872) (10,882) NET CURRENT ASSETS 189.092 189, 655 NET ASSETS 189,092 189, 655 FUNDS Unrestricted funds= General fund Restricted funds 13 13 144,577 44,515 189,092 138,032 51,623 189, 655 The financial statements 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 entiiled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the charitable company to obtain an audit of its financial ststements for the year ended 31 March 2024 in accordan wth Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records that comply wth Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply wth 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 authorised for issue. by the Board of Trustees and signed on 11 November 024 on their behalf by'.- ANGELINA Chair MALCOLM AICKIN, Treasurer 12
CITY & HACKNEY CARERS CENTRE CASH FLOW STATEMENT For the year ended 31 March 2024 2024 2023 Cash flows from operating activities Net incomellexpenditurel for the financial year Ilncrease}Idecrease in debtors Increasel(decreasel in creditors Net increasel{decrease) in cash and cash equivalents (563) (7,340) 12,990 5,087 {6,605) 1,181 (6,489) (11,913) Cash and cash equivalents at 1 April 2023 191,288 203,201 Cash and cash equivalents at 31 March 2024 £ 196,375 191,288 Components of cash and cash equivalents Cash at bank and in hand 196,375 196,375 191.288 191.288 13
CITY & HACKNEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 1. ACCOUNTING POLICIES Basis of preparation of financial statements The financial stalements of the charity. which is a public benefit entity under FRS102, have been prepared under Ihe historical cosl convention. They have been prepad in accordance with applicable United Kingdom accounting stsndards, the requirements of the Statement of Recommended Practice 'Accounting and Reporb"ng by Charities. ISORP 20151, in accordance with the Financial Reporting Standard applicable in the UK IFRS 1021 and the Charities Act 2011. The presentational currency of the financial statements is Pound Steding (£). Company status City & Hackney is a company limited by guarantee. In the event of the Charity being wound up. the liabilily in respect of the guarantee is limited lo £1 per member of the Charity-" Going concern The truslees have prepared cash flows and budgets for the next twelve months and consider thal the company is able to realise its assets and discharge its liabililies in the normal 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 Statements. Fund accounting General funds are unrestricted fijnds which are available for use at the discretr.on 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 accordan specific restrictions imposed by donors which have been raised by the Charity for particular purt)oses. The cosl of administering 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 contn"bLJtions towards the Charity's core ServIS are treated as unrestricted. Income All income is recognised in the Stalement of Financial Aclivities once the charity has entlement to the funds, it is probable that the income will be reiVed and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation 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 dassified under headings that aggregate all cost relaled lo the category. Where costs cannot be directly attributed to parbcular headings they have been all¢xated to activities on a basis consistent with the use of resources. Intangible fixed assets and amorts"sation Intangible assets are initially recognised at cost. After recognition. under the cost model, intangible assets are measured at costs less any accumulated amortisatr.on and any accumulated impairment losses. All intangible assets are considered to have a finite usefijl life. If a reliable estimate of usefijl life cannot be made, the useful life shall not exceed ten years. The estimaled useful life is as follows, soare 20 % straight line 14
CITY & HACKNEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 Tangible fixed assets and depreciation All assets costing more than £1.000 are capitalised. Tangible fixed assets are stated at cost less depreciab"on. Depreaabon is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected usefijl lives on the following bases.. Fixture and Equipment Office equipment 4 Years 4 Years Cash at bank and in hand Cash at bank and cash in hand indudes cash 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. Short-tem7 debtors and creditors Debtors are recognised when the charity is legally entitled lo the income after any performan conditions have been met, the account can be measured reliably and it is probable that the income will be received. Creditors are recognised when the charity has a present legal or constructive obligation resulting from a past evenl to make payment to a third paty, it is probable that setdement will be required and the amount due to settle the obligation can be measured or estimated reliably. Financial Instruments The charity only has finanaal assets and financial liabilitr.es of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequenlly measured at their setuement value which a subSeqUenY measured at amortised cost using the effective interest method. Pensions The company operates an Auto Enrolment pension scheme in which the Company contributes 5 /0 and the Employee a minimum of 3/0 of gross salary. Some employees are members of a legacy stakeholder pension scheme where the company contributes 5% of gross salary. The pension charge represents the amounts payable by the company to the fijnds in respect of the year. 2. DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Donations Other income 2,318 2,318 2, 545 2,155 4,700 2,318 £ Nil £ 2,318 £ 15
CITY & HACKNEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 3. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Carerfs support services Advice 72,037 117,688 72.210 189,725 72.210 11T,602 74, 848 72,037 £ 189,898 £ 261.935 £ 192,4 Analysis of funding Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Carerfs support services London Borough Hackney Volunteer Centre Hackney Contact A Family Charfes Hayward Foundation Carers Trust- Making Carers Count Hackney Giving London Catalyst The London Community Foundation Counselling income THCC Tier 1 and Upper Tribunal West Hackney Parochial Charity Kings Park Moving Together Other income 64.761 1.470 5.000 69.761 1.470 12.382 10,000 12.382 7,0( 59, 280 8, 665 1,500 9,997 2, 960 3, 700 2,000 12,500 57,056 57.056 31.250 31.250 1.790 3,700 2.000 10.000 316 189,725 1,790 3,7(10 2,000 10.000 316 72,037 117,688 11T,602 Advice City Bridge Foundation London Borough Hackney Citizens Advi East End 49,210 23.000 49,210 23.000 51,474 23,374 74, 848 72.210 72.210 72.037 £ 189.898 £ 261.935 £ 192,450 16
CITY & HACKNEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 4. RESOURCES EXPENDED Direct Other direct Staff costs costs Support costs Total 2024 Total 2023 Cost of charitable activities Carers's support services Advice 118,113 55,035 Total 2024 £ 173,148 £ Total 2023 £ 155,519 £ 80,842 4,057 84,899 £ 44, 683 £ 6,364 205,319 405 59.497 6,769 £ 264,816 3,550 153, 842 49,913 £ 203, 752 ReSoUrS expended indude-. 2024 2023 Independent Examinerfs fee Current year Prior year under provision 3.800 2, 940 5. SUPPORT COSTS Total 2024 Total 2023 Office and supply costs Governance costs Premises costs Independent Examinerfs fee 1,170 13 594 13 4.240 6,769 £ 2, 940 3,550 6. STAFF NUMBERS AND COSTS 2024 2023 Wages and salaries Social security costs Pension cosls 159,923 143, 555 7.178 5,711 6.047 6, 253 173,148 £ 155,519 The average monthly number of employees during the year was 8 staff. (2023- 8 staff) No employee reiVed remuneration of more than £60.(. (2023 - None) The key management personnel of the charitable company are those persons having authority and responsibility for planning, directing and controlling the activities of Ihe charitable company, directly or indirectly, induding any trustee of the charitable company. In addition to the trustees of City and Hackney Carers Centre, key management personnel indudes the Chief Operations Offir. Total employee benefits including employer pension contributions paid to key management personnel in the period amounted to £41,926 (2023 - £33.960). 17
CITY & HACKNEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 7. TRUSTEES REMUNERATION AND BENEFITS During the year, no members of the Board of Trustees reiVed any remuneration12023 - £NIL}. No members of the Board of Trustees reiVed reimbursement of expenses12023 - £NIL). 8. Taxation City & Hackney Carers Centre is a registered charity and is potentially exempt from taxation in respect of income and capital gains reiVed within the categories covered by Part 11 of the Corporation Tax Act 2010 or Seth'on 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied to charitable purposes. 9. INTANGIBLE FIXED ASSETS sOare.. Cost Al 1 April 2023 Al 31 March 2024 9.880 9,880 Amortisation Al 1 April 2023 At 31 March 2024 9.880 9,880 Net book value Al 31 March 2024 At 31 March 2023 Nil 18
CITY & HACKNEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 10. TANGIBLE FIXED ASSETS Land and Fixture and Office buildings Equipment equipment Total Cost At 1 April 2023 Disposals At 31 March 2024 8,574 (8.574) 8,574 {8.574) Depreciation At 1 April 2023 On disposals At 31 March 2024 8,574 (8,574) 8.574 (8,574) Net book value At 31 March 2024 Nil £ Nil £ Nil £ Al 31 March 2023 Nil £ Nil £ Nil £ Nil 11. DEBTORS 2024 2023 Due within one year Trade debtors Prepayments Accrued income Olher deblors 7,464 957 7,273 9,316 828 9,249 16,589 £ 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes Olher creditors Accruals 10.601 2,697 3,215 2,670 1.807 90 8.249 5,425 23.872 £ 10,882 19
CITY & HACKNEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 13. STATEMENT OF FUNDS Transfers and Brought Incoming Resources investment Foard Resources Expended Jainsl{lossesl Carried Forward RESTRICTED FUNDS Carerts support services City Bridge Foundation London Borough of Hackney Carers Trust 11,164 13.481 60,632 (45,034) 49.210 (52.197) 23,000 (15,741) 26,978 57,056 (84,034} £ 51,623 £ 189,898 £ (197,006) £ 26,762 10.494 7,259 Nil £ 44,515 SUMMARY OF FUNDS General Funds Restricted Funds 138.032 74.355 (67.810) 51,624 189,898 1197.006) £ 189,655 £ 264.253 £ (264,816) £ 144.577 44,515 Nil £ 189,092 COMPARA TIVE STA TEMENT OF FUNDS, 31 AIARCH 2023 RESTRICTED FUNDS Carer's support seNiS City Bridge Foundation Carers Trust 13,051 28.165 (30,052) 8,142 51,474 (46,135) 18,448 59,280 (50, 750) £ 39,641 £ 138,919 £ (126,937) £ 13,481 26,978 Nil £ 51,623 SUMMAR Y OF FUNDS General Funds Restricted Funds 156.619 58.231 (76.818J 39,641 138.919 (126.937) £ 196.260 £ 197.150 £ (203.755) £ 138,032 51,623 Nil £ 189,655 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds Restricted Funds Total Funds Net current assets 144,577 £ 144.577 £ 44,515 189,092 44.515 £ 189,092 Comparative analyws of net assets £ 738,032 £ 51,623 £ 789,655 20
CITY & HACKNEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 15. PENSION COMMITMENTS Pension costs in note 6 relate lo payments made to a defined contribution pension scheme. The charitable company's liability is limited to making the payments due to the scheme on a tsmely basis. The liability at the 31 March 2024 is -£662 (2023 '. NIL). 16. RELATED PARTIES There were no other related paty transactions in the year. 21
CITY & HACKNEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 17 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES Unres¢ric¢ed Funds 2023 Restricted Funds 2023 Total Funds 2023 INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activities 4, 700 53,531 58,231 4, 700 192,450 197, 750 138,919 138,919 TOTAL EXPENDITURE ON: Charitable activities 76,818 76.818 126,937 726,937 203, 755 203, T55 TOTAL EXPENDITURE NET MOVEMENT IN FUNDS (18.587) 11,982 (6,605) RECONCILIATION OF FUNDS: TOTAL FUNDS AT 31 MARCH 2022 156.619 39.641 196,260 TO" The estimated useful lrfe is as follows, 138,032 £ 51,623 £ 189,655 22