2023-03-31-accounts - Carers Trust Heart Of England

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		Page
Report ofthe Trustees		3-14
Independent Auditors	Report	15 - 19
Statement of Financial	Activities	20 —21
Balance Sheet
Cash Flow 8 notes		23-24
Notes to the Financial	Statements	25-38

For Carers Trust Heart of England	For Carers Trust Heart of England	our culture is about the way in which	our culture is about the way in which	our culture is about the way in which	we	act all the time,	act all the time,	in the
execution ofour work and particularly			in times ofcrisis or critical demand,		how	we manage	pressure
and respond	to the various challenges		such as	those that we have highlighted		in our strategic		plan
and especially	in how we treat each	other, users ofour services and partners.
	We Are (Our Qualities)			We Value (Our Values)
	Solution focussed			Commitment
	Collaborative			Openness 8 Transparency
	Strengths based			Integrity
	Innovative			Access 8 Equality
	Compassionate (empathy		in action)	Quality 8 Improvement

Adult Carers Information ad	vi	ce and	sup	por	t
						2022-23	2021-22
One to one contact with Carers						14,453	14,126
Carers su orted one to one						4,372	3,912
Carers attendin one ofour rou		activities				927	1475
Carers attendin rou activities						214
Carers Assessments corn leted						300	293
Young Carers Support
						2022-23	2021-22
New Youn Carers identified						233	243
Active oun carers re istered						2,419	1,673
Contacts with re istered carers	throu h		rou	activities		1,308	1,765
Regulated Care
						2022-23	2021-22
Homecare hours delivered						33,344	69,112
Customers su orted						222	231
Emergency Planning
						2022-23	2021-22
Emer enc lans now re istered		with us				4,625	3,662
CRESScarers re istered in the	last 12 months					962	775
Emer enc care hours delivered						2,458	3,219
Special Projects
						2022-23	2021-22
Dementia Support - Customers	supported.					61	66
Customers remainin in their own		home				43	51
Carers Training —Carers received		specific	training.			122	129
Number of trainin sessions						159	211
Payments -Total payments made.						f28,457	271,409
Number ofcarers receivin a ments						100	227
Stars Children's Club - Numbers	attendin					261	162
Makin Carers Count - Number	of new carers			su	orted
Carers Respite Services
Individual carers a ed 19and over attendin				rou	s	225	255

Reference	and Admi	and Admi	nistrative l3etails
Registered	Company		Number: 03206963(England	and Wales)
Registered	Charity	Number: 1057024
Registered	Office:		6 Queen Victoria Road, Coventry W Midlands CV1 3JH
Auditors			LDP Luckmans. Chartered	Accountants, Business 8 Taxation Advisors.
			1110Elliot Court, Coventry	Business Park,	Herald Avenue,	Coventry
			CV5 6UB
Banks			Barclays Bank Plc, 25 High Street, Coventry		CV1 3JH
			Cambridge and Counties	Bank, Charnwood	Court, 58 New	Walk,
			Leicester LE1 6TE
Investment	House		CCLA, Senator House, 85 Queen Victoria Street, London,			EC4V 4ET.
Solicitors			Nexa Law Limited, We Work, 5'" Floor, 10York Road, London SE1
			7ND.

		Unrestricted	Restricted	2023	2022
		Funds	Funds	total	restated
	Notes				F
Income and Endowments
Donations and Legacies		47,145	27,349	74,494	34,895
Charitable activites		1,920,615	647,576	2,568,191	3,082,644
Other Trading activities		90	0	90	100
Investment Income		15,874	0	15,874	235
Other income		12,570	510	13,080	20,607
Total		1,996,294	675,435	2,671,729	3,138,481
Expenditure
Raising Funds		46,143	0	46,143	27,941
Charitable activities - Direct costs		1,250,305	434,600	1,684,905	2,178,207
Charitable activities - Support costs		577,605	127,287	704,892	967,188
Governance Activities - support Costs		5,740	0	5,740	7,770
Total		1,879,793	561,887	2,441,680	3,181,106
Other Recognised gains - Investments		49,288		49,288
Net Income/(expenditure)		165,789	113,548	279,337	(42,625)
Transfer between funds	19	79,468	(79,468)	0	0
		245,257	34,080	279,337	(42,625)
Funds as at 31 March 2022		2,411,090	100,924	2,512,014	2,554,639
Funds as at 31 March 2023		2,656,347	135,004	2,791,351	2,512,014

				Unrestricted	Restricted	2022
				restated	restated	restated
				Funds	Funds	total
			Notes
Income and Endowments
Donations and Legacies				33,314	1,581	34,895
Charitable activities				2,526,030	556,614	3,082,644
Other trading activities				100	0	100
Investment Income				235	0	235
Other income				14,082	6,525	20,607
Total				2,573,761	564,720	3,138,481
Expenditure
Raising Funds				27,941	0	27,941
Charitable activities -		Direct costs		1,720,878	457,329	2,178,207
Charitable activities	-Support costs			865,711	101,477	967,188
Governance Activities		-support Costs		7,770	0	7,770
Total				2,622,300	558,806	3,181,106
Net Income/(expenditure)				(48,539)	5,914	(42,625)
Transfer between funds			19	5,914	(5,914)
				(42,625)		(42,625)
Funds as at 31 March		2021		2,453,715	100,924	2,554,639
Funds as at 31 March		2022		2,411,090	100,924	2,512,014

		IFor year end	ed 31 March 2	023
				2023	2022
					Restated
			Notes		F
Fixed assets
Tangible assets			13	445,498	450,207
investments			14	1,549,289
				1,994,787	450,207
Current Assets
Debtors			15	120,128	266,396
Cash at bank and	in hand			1,188,003	2,493,649
				'i,308,131	2,760,045
Creditors: amount	falling due	within one year	16	(511,567)	(698,238)
Net Current Assets	less current	Liabilities		796,564	2,061,807
Net Assets				2,791,351	2,512,014
Funds ofthe Charity
Unrestricted Funds
-general funds			19	2,399,708	1,982,922
- designated funds			19	256,639	428,168
Restricted funds				135,004	100,924
Total Funds				2,791,351	2,512,014

							2,023	2,022
								Restated
						notes
Cashf low	from operating	activities					187,501	(56,776)
Cash flow from inveting		activities
Dividends	and interest from		investments				15,873	236
Proceeds	from sale of Equipment						100
Purchase	of ITequipment						(9,120)	(11,307)
Purchase	of investments						1,500,000
Net cash	flow from investing activities						1,493,147	11,071
cash flow	from financing		activities
Net increse/(decrease in cash and cash equivalents							(1,305,646)	(67,847)
Cash and	cash equivalents		at beginning	of reporting		period	2,493,649	2,561,496
Cash and	cash equivalents		at end of reporting		period		1,188,003	2,493,649

RECONCILIATION OF NET (E OPERATING ACTIVITIES	XPENDIT	URE)/INCOME TO	NET CASH FLOW	FROM
			2,023	2,022
				Restated
Net income/expenditure for the	reporting	period as per the
statement offinancial activities			279,337	(42,625)
adjustments for
depreciation charges			13,468	11,885
(gains)/ losses on investments			(49,287)
(gains)/losses on fixed assets			0	44,076
dividends interest from investments			(15,874)	(235)
loss/(profit) on sale of fixed assets			262	13,538
(increase)/decrease in debtors			146,267	(82,597)
increase/(decrease) in creditors			(186,672)	(818)
Net cash provided by operating	activities		187,501	(56,776)

2. A	NALYSIS OF CASH AND CASH EQUI	VALENTS
		2023	2022
			Restated
Cash	at bank and inhand	1,188,003	2,493,649
Total	cash and cash equivalents	1,188,003	2,493,649

				2023	2022
		Unrestricted	Restricted		Restated
		Funds	Funds	Total Funds	Total Funds
			F
Deposit account interest		4,521		4,521	235
Investment	dividends	11,353		11,353	0
		15,874		15,874	235

					2023	2022
			Unrestricted	Restricted	Total	Restated
			F
Local	Authority	contracts	429,046	0	429,046	971,591
Other	contracts		111,112	0	111,112	163,436
Grants			1,380,457	647,576	2,028,033	1,947,617
			1,920,615	647,576	2,568,191	3,082,644

Grant Provider
Big Lottery - Young
Carers		74,560	74,560	43,578
Children in Need		32,714	32,7'I 4	76,640
Carers Trust	0	52,032	52,032	35,319
Local Authority	1,380,457	483,942	1,864,399	1,763,136
Coventry General
Charities		0	0	25,000
Other grants		4,328	4,328	3,944
	1,380,457	647,576	2,028,033	'il,947,617

						2023	2022
							Restated
				Unrestricted	Restricted	Total	Totai
				Funds	Funds	Funds	Funds
Raising donations	and	legacies
Staff costs				28,589		28,589	170
Carers grant equipment		and	support			0	5,960
Support costs for fundraising			activities	17,554		17,554	21,811
				46,143		46,143	27,941

CHARITABLE A	CTIVITIES	- DIRECT COST	S
		2023	2023	2023	2022
		Unrestricted	Restricted	Total	Restated
Staff Costs		1,191,407	308,706	1,500,113	1,915,322
Travel		40,275	9,632	49,907	28,808
Activity Costs		6,518	42,197	48,715	68,969
Grants to Carers			69,078	69,078	90,690
Training costs		4,014	2,075	6,089	8,159
Depreciation		8,091	2,912	11,003	8,533
Protective equipment		0	0	0	112
Loss on disposal of	Assets	0	0	0	13,538
Loss on revaluation	ofAssets	0	0	0	44,076
		1,250,305	434,600	1,684,905	2,178,207

				2023	2022
					Restated
		Unrestricted	Restricted	Total	Total
			c	F
Staff Costs		384,179	0	384,179	598,235
Travel		4,887	0	4,887	0
Agency staff		0	0	0	35,903
Training		19,959	13,404	33,363	907
Premises costs		4,032	9,990	14,022	70,908
Insurance		20,900	59	20,959	27,725
Utilities		3,588	7,831	11,419	13,253
Telephones		20,129	9,881	30,010	37,095
Postage and stationary		3,526		3,526	4,633
PR		4,470	27,613	32,083	13,498
ITcosts		43,789	23,147	66,936	59,402
Recruitment		10,281	10,400	20,681	41,608
Other expenses		18,699	8,407	27,106	16,182
Repairs and renewals		2,030	10,422	12,452	5,034
Carers grants		0	0	0	3,019
Bad debt provision		75	17	92	68
Legal and professional	costs	37,061	6,116	43,177	39,718
		577,605	127,287	704,892	967,188

				2023	2022
					Restated
		Unrestricted	Restricted	total	Total
Auditors	Remuneration	5,100		5,100	7,770
Training	from Auditors	540		540	0
Trustees	meeting costs	100		100	0
		5,740		5,740	7,770

Net inco	me/(expenditure)	is stated after charging:
			2023	2022
				Restated
Auditors	Remunerations		5,100	7,770
Depreciation -Owned Assets			13,469	11,886
Deficit on	Disposal/impairment	of Fixed Assets	263	57,616

STAFF COSTS
	2023	2022
		Restated
		Pr
Wages and Salaries	1,717,289	2,270,512
Social Security Costs	145,983	166,226
Other Pension Costs	49,608	76,989
	1,912,880	2„513,727

			2022
Chief Executive Officer		1	1
Practical	support services	51	90
Young/adult carer information		29	33
Central	Management support	2
Finance	and administration	7	8
		90

	Freehold	Improvements	Fixtures Fittings	2023	2022
	Property	to Leasehold	8 Equipment	Total	Restated
		Property			Total
		F
COST
1st April 2022	350,000	103,023	38,307	491,330	604,250
Additions Disposals/impairment 31st March 2023	350,000	103,023	9,120 ~(3,069 44,358	9,120 ~3,069 497,381	11,309 124,227 491,332
DEPRECIATION
1st April 2022		21,472	19,651	41,123	95,848
Charge for year Disposal/impairment 31st March 2023		4,922 26,394	8,546 (2,708) 25,489	13,468 ~(2,706 51,883	11,886 (66,611) 41,123
NET BOOK VALUE
31st March 2023	350,000	76,629	18,869	445,498	450,209
31st March 2022	350,000	81,551	18,656	450,207	508,402

			2023
Market value at 1 April			0
Additions			1,500,000
Disposals			0
			1,500,000
Unrealised	gains/losses	on investments	49,289
Closing value at 31 March			1,549,289

DEBTORS
			2023	2022
				Restated
Trade Debtors			15,506	106,968
Other Debtors			80,000	151,184
Prepayments			24,622	8,244
			120,128	266,396
CREDITORS:	AMOUNTS	FALLING DUE	WITHIN ONE YEAR
			2023	2022
				Restated
Trade Creditors	and provisions		241,588	86,455
Accruals			166,904	162,756
Other Creditors			1,824	10,182
Deferred income	(see below)		101,251	438,845
			511,567	698,238

			2023	2022
				Restated
			F
As at 1st April	2022		438,845	408,394
Amounts received		in the year	1,805,985	1,976,250
Income utilised	in	the year	(2,143,579)	(1,945,799)
31st March 2023			101,251	438,845

Minimum lease payments under non-cancella	ble operating leases fall due as	follows.
	2023	2022
		Restated
Within one year	8,237	12,344
Between one and five years	13,223	60,423
in more than five years	0	127,500
		200,267

18.ANALYSIS OF NET ASSETS BETWEEN FUNDS	18.ANALYSIS OF NET ASSETS BETWEEN FUNDS	18.ANALYSIS OF NET ASSETS BETWEEN FUNDS	18.ANALYSIS OF NET ASSETS BETWEEN FUNDS
		Unrestricted Restricted				Total	Total
		Funds		Funds		2023	2022
							Restated
				F
Fixed Assets		1,994,787			1,994,787		450,207
Current Assets		1,070,156		237,975	1,308,131		2,760,045
Current Liabilities		408,595		102,972	~511,567		698,238
		2,656,348		135,003	2,791,351		2,512,014
19.RESTATED MOVEMENT		IN FUNDS
		Unrestricted		Designated		Restricted	Total
		Reserves		Reserves		Reserves	Reserves
Balance as at 1.4.2021 before restatement			118,864	432,638		1,443,837	1,995,339
Release of deferred	income		436,830		0	100,924	537,754
Movement between	reserves		1,443,837		0	(1,443,837)	0
Period 1 adjustment	relating	to 20-21	21,546		0		21,546
Restated balance at 1.4.2021			2,021,077	432,638		100,924	2,554,639
Surplus/(Loss) for the year			(48,539)		0	5,914	(42,625)
Movement between	reserves		10,384	4,470		5,914	0
Balance as at 1.4.2022			1„982,922	428,168		100,924	2,512,014
Release of deferred	income		304,897		0	(1,279)	303,618
Surplus/(Loss) for the year			(139,108)		0	114,827	(24,281)
Movement between	reserves		250,997	(171,529)		(79,468)	0
Closing balance as at 31.3.2023			2,399,708	256,639		135„004	2,791,351

		2023	2022
PCT		100,924	'i00,924
Enhanced		29,103	0
Hardship	fund	4,977	0
		135,004	100,924

The designated	The designated	reserve	reserve
				2023	2022
Sale and	purchase		of premises costs	120,000	120,000
Personnel	fund			0	200,000
Equipment	fund			0	50,000
Costs relating to		exit of Penny Collard Centre		100,000	56,000
Funding for a trust			and grants officer	35,000	0
Custodian	funds			1,639	2,168
				256,639	428,168

					Restated			Transfer
					Balance as			between	Balance as
					at 1.4.2022	Income	Expenditure	Funds	at 31.3.2023
Unrestricted		Funds
General Funds					1,982,922	1,996,294	1,830,505	250,997	2,399,708
Designated		premises	Fund		120,000	0	0	0	120,000
Designated		personnel	Fund		200,000	0	0	(200,000)	0
Designated		Equipment	Fund		50,000	0	0	(50,000)	0
Designated	Penny Collard Centre			Fund	56,000	0	0	44,000	100,000
Designated		Trust and	Grants	Fund	0	0	0	35,000	35,000
Designated		Custodian	Fund		2,168	0	0	(529)	1,639
					2,411,090	1,996,294	1,830,505	79,468	2,656,347
Restricted	Funds
Restricted	Funds				100,924	675,435	561,887	(79,468)	135,004
Total Funds					2,512,014	2,671,729	2,392,392	0	2,791,351

					Restated			Transfer	Balance as
					Balance as			between	at
					at 1.4.2021	Income	Expenditure	Funds	31.3.2022
					F			F
Unrestricted		Funds
General Funds					2,021,077	2,573,211	2,621,750	10,384	1,982,922
Designated		Premises	Fund		120,000	0	0	0	120,000
Designated		Personnel	Fund		200,000	0	0	0	200,000
Designated		Equipment	Fund		50,000	0	0	0	50,000
Desingated	Penny Collard Centre Fund				56,000	0	0	0	56,000
Designated		Trust and	Grants	Fund	0	0	0	0	0
Designated		Custodian	Fund		6,638	0	0	(4,470)	2,168
					2,453,715	2,573,211	2,621,750	5,914	2,411,090
Restricted	Funds
Restricted	Funds				100,924	564,720	558,806	(5,914)	100,924
Total Funds					2,554,639	3,137,931	3,180,556	0	2,512,014