CARERS TRUST HEART OF ENGLAND
Trustees, report and financial statements
for the year ended 31 March 2024
(A Company Limited by Guarantee)
Company Number.. 03206963
Charity Number: 1057024
Page I

Carers Trust Heart of England
Contents of the Annual Report and Accounts
For year ended 31 March 2024
Page
Report of the Trustees
3-14
Independent Auditors Report
15-19
Statement of Financial Activities
20-21
Balance Sheet
22
Cash Flow & notes
23-24
Notes to the Financial Statements
25-38
Page 2

Carers Trust Heart of England
Report of the Trustees
For year ended 31 March 2024
The Trustees who are also Directors of the charity for the purposes of the Companies Act 2006,
present their report with the financial statements of the charity for the year ended 31 March 2024.
The Trustees have adopted the provisions of the Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to the charities preparing their accounts in
accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS102) (effective 1 January 2019)
Carers Trust Heart of England is a registered charity, no. 1057024, a company limited by
guarantee, no. 03206963 and a Network Pather of Carers Trust, a national charity promoting the
rights of Carers, through working with other charities, the govemment and network partners
throughout the UK.
Welcome
This year we have continued with the implementation of our Strategic Business Plan (2022 - 2026)
and associated Operational Action Plans. This has seen us begin to restructure our 'Front of
House, Customer Service Function in addition to actively seeking new accommodation from which
we can create a Community Based Carers Hub and Head Office, which will better enable us to
serve our local community of Carers and people with Care and Support Needs.
We highlighted last year that we had secured several new contracts in addition to re-securing
some existing contracts and this year the teams have been working hard to implement those
contracts effectively and in a timely manner.
With that in mind on behalf of the Board of Trustees I would like to thank all our staff and
volunteers for their hard work, dedication, and flexibility for the last year, excelling and continuing
to show great fortitude. We owe them a debt of gratitude for the work they carry out and the
manner in which they do so.
Page 3

Carers Trust Heart of England
Report of the Trustees
For year ended 31 March 2024
Objectives and activities
Carers Trust Heart of England wishes to support all-age carers, and those they care for, through
offering high quality, individually tailored care. and support services. We want to support carers to
live their life as well as possible, being able to access the help and support they need, when, and
how they need it.
Our Strategic Business Plan for 2022 - 2026 details our Five Key Strategic Intentions of:
Transformative Support
Impact & Influence
Sustainability
Quality & Compliance
Growth & Partnerships
This plan which is under regular review by our Board of Trustees and Staff Team{s) via our
Operational Action Plans is shaping the direction of the Charity into 2026 and beyond, ensuring
that we are able to ensure stability for the organisation whilst providing high quality, responsive
services.
Vision and Values
By 2026 we aim to be a charity that is both an enabler and a provider as well as an employer of
choice, transforming the lives of carers of all ages and those who are cared for via high-quality,
person-centred care and support services.
We will be providing services which are commissioned, privately, that have been developed through
listening to and harnessing the needs and wants of both carers and people they care for.
Carers vol￿ will be the dominant voice both internally and externally to the organisation, with
noteworthy improvements in awareness and understanding of carers, their needs, and the
significant role they play in our communities.
We will be doing this from a position of being an organisation that is financially sustainable, having
a diverse income, which has seen growth in terms of breadth and reach.
We will have seen growth in the development of our workfor￿, who will be working collaboratively
and embodying our vision and values.
Our values are at the heart of everything we do and underpin the culture of the organisation.
There is an importance in the 'human factor, in any organisation and no matter how detailed and
solid your strategy is, if the people delivering on it do not nurture the appropriate culture there is a
greater risk of failure to deliver.
Page 4

Carers Trust Heart of England
Report of the Trustees
For year ended 31 March 2024
For Carers Trust Heart of England our culture is about the way in which we act all of the time, in
the execution of our work and particularly in times of crisis or critical demand, how we manage
pressure and respond to the various challenges such as those that we have highlighted in our
strategic Business Plan 2022 2026 and especially in how we treat each other, users of our
services and partners.
We Are (Our Qualities)
Solution focussed
Collaborative
Strengths based
Innovative
Compassionate (empathy in action)
We Value (Our Values)
Commitment
Openness & Transparency
Integrity
Access & Equality
Quality & Improvement
Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity
Commission's general guidan￿ on public benefits when reviewing the Charity's aims and
objectives and in planning future activities. The Trustees have also considered how planned
activities will contribute to the aims and objectives of the Charity.
The Charity seeks to support unpaid carers to not only continue caring, enabling those adults and
children with care and support needs to continue to live in community but to also support unpaid
carers to live well whilst caring paying particular attention to their ovm health and wellbeing.
Although many of the services provided are funded through statutory bodies there are also
significant services which are either fully or at least partially funded through private donations,
Trusts, Grants and a range of philanthropic organisats'ons for we are extremely grateful.
We use these funds to support a number of services including but not exclusive of activities
provisions for Young Carers, our STARS servi￿ which supports children with various disabilities
enabling parent carers to have a break and our Day Opportunities and Activities for both unpaid
carers and people with care and support needs.
Page 5

Carers Trust Heart of England
Report of the Trustees
For year ended 31 March 2024
Key Achievements
During 2023-24 overall we have maintained our performance across the majority of our main
areas. They were as follows.
Adult Carers Information advice and support
2023-24
18,115
3,781
1,566
258
800
2022-23
14,453
4,372
927
214
300
One to one contact with Carers
Carers su
orted one to one
Carers attendin
one of our
rou
Carers attendin
rou
activities
Carers Assessments com
leted
activities
Young Carers Support
2023-24
486
2,569
2,471
2022-23
233
2,419
1,308
New Youn
Carers identified
Active
oun
Carers re
istered
Contacts with registered carers throu
rou
activities
Regulated Care
2023-24
29,560
178
2022-23
33,344
222
Homecare hours delivered
Customers su
orted
Emergency Planning
2023-24
4,983
945
2022-23
4,625
962
Emer
enc
lans now re
istered with us
CRESS Carers registered in the last 12 months
Emer
enc
care hours delivered
2.572
2,458
Special Projects
2023-24
55
41
145
50
£23,619
80
915
84
2022-23
61
43
122
159
£28,457
100
261
46
Dementia Support - Customers supported.
Customers remainin
in their own home
Carers Training - Carers received specific Iraining.
Number of trainin
sessions
Payments - Total payments made.
Number of Carers receivin
ments
Stars Children's Club - Numbers attendin
Makin
Carers Count - Number of new Carers su
orted
Page 6

Carers Trust Heart of England
Report of the Trustees
For year ended 31 March 2024
Board
We have a Board of Trustees, each bringing different eXperIen￿S to the Charity. The Board of
Trustees are"
Mr Dhiran Vagdia
Mr. Martin Henwood
Mrs. Vivien Kershaw
Mrs. Rosemarie Tonkinson
Mr Ramesh Farmah
Mr Stephen Cobb
Mrs. Davinder Athwal
Ms Marcia Jarrett
Mr Robert Villette
Ms Angela Watkins
Mr Alex Winstanley
Mr Jonathan Trace
Mr Christopher Mills
Mr Nigel Bacon
Chair
Resigned 25th April 2024
Resigned 1st November 2023
Resigned 16th January 2024
Resigned 15th April 2024
Appointed 30th April 2024
Appointed 30th April 2024
Our Company Secretary is Mrs. Claire Dale.
We had three committees of the Board which met quarterly. These allowed the Charity to benefit
from the different expertise of the Trustees. The three committees were the Executive Committee,
Finance and Risk Committee and Quality and Operations Committee.
Key Personnel
Claire Dale
Melanie Boag
Claire Evans
Resigned 6th February 2024
Fundraising Regulator Statement of Compliance
The Charity does not contract a third party to undertake any fundraising on its behalf. The Charity
now employs a Fundraising and Business Development Manager who initiates campaigns and
supports fundraising activibes. We have re￿iVed no fundraising complaints during the year.
Page 7

Carers Trust Heart of England
Report of the Trustees
For year ended 31 March 2024
Future Plans
Our future plans reflect the world post pandemic, battling with an economic crisis and the many
uncertainties that surround the health and social care landscape, which all impact on us as a
Charity and those who we are here to support.
We continue to seek to ensure that we are robust and able to support our beneficiaries in the
future regardless of the method of delivery and despite the challenging operating environments
that we find ourselves in.
This in the short to medium term future focuses heavily on our accommodation and sustainability
strategies as part of overall Strategic Business Plan 2022 - 2026.
In addition to our Strategic Intentions we continue to focus on:
Recovery - of our organisation as we continue developing in a post-pandemic and
significantly economically compromised era and of our staff team(s) in terms of their health
and wellbeing.
stability - in continuing to secure core contractual work and varying our income stream(s),
alongside improving our recruitrnent and retention pro￿sseS and outcomes.
Building Back better- Improving on how things were 'before' taking a lesson(s) learned
approach.
Thriving (not just surviving) - being financially resiSient and having more autonomy in
partnership with carers to direct our work and resources on a needs led approach,
maximising impact for beneficiaries.
Financial Review
Our Finances
The charity ended the year with a surplus of £34,275.
Principal Funding Sources
The principal funding source of the organisation is from contracts from Statutory Authorities,
namely Coventry City Council, Warwickshire County Council, and NHS Coventry and
Warwickshire ICB.
These state bodies provided 83 % (2023.. 890A) of our total income. The remaining income is from
private income for the delivery of care hours, grants from trusts and organisations supporting our
work and donations.
Page 8

Carers Trust Heart of England
Report of the Trustees
For year ended 31 March 2024
Investment Policy and Objectives
The Charity has an investment policy, which is updated and reviewed every three years. It looks
for a balanced portfolio which produces reasonable income for the Charity's charitable activities
whilst growing the value of the assets to protect them against the effect of inflation or other
defining factors in the longer term. This is considered a relatively low risk approach.
The stock market investments are managed by CCLA. Performance is bench marked against the
FTSE APCIMS index.
Bank investments are with Cambridge and Counties bank and the Charity's bankers Barclays
Bank Plc. Both are yielding secure returns.
Reserve Policy
The reserve policy is reviewed annually in the light of the main risks facing the organisation.
Having re-examined its strategic plans, the Board will seek to maintain a reserve level that will
enable it to take advantage of any opportunities to develop services whilst maintaining its
obligations to service users and creditors. The baseline requirement is to have reserves equating
to be￿een three and six months of annual expenditure. This will help us to withstand any
unforeseen events. An adequate level of reserves is also ne￿SSary to meet the working capital
requirements of the Charity.
The Trustees reviewed the funds that had been designated for specific purposes. As a result of
this review and in light of new and challenging environments the Trustees have agreed to a
revised list of designated funds to support its aims and objectives over the coming years. They are
as follows:
Descri
tion of Desi
nated funds
Provision for Grant Officer
Premises Reserve
Private Market Develo
Total
Value £
35,000
120,000
100,000
255,000
ment
Summary
At the 31st March 2024 total reserves were £2.825,626 of which restricted reserves are £135,304.
Of the remaining unrestricted reserves totalling £2,690,322, £255,000 has been designated by
Trustees. The actual free reserves at the end of the fiscal year equate to £2,435,322. However,
£2,051 ,150 of these 'free' reserves represent non liquid fixed assets, leaving £384,172 free
reserves. This accounts for 4 months of the running costs of the Charity.
Page 9

Carers Trust Heart of England
Report of the Trustees
For year ended 31 March 2024
Risk Management
Operations and Finance
The Trustees, in conjunction with the senior management team. are aware of the major risks to
which the Charity is exposed. INhere appropriate, systems or procedures have been established
to mitigate the risks the Charity is exposed to. internal control risks are minimised through the
procedures for authorisation of all transactions and projects. Procedures are periodically reviewed
to ensure they continue to m￿t the needs of the Charity and ensure its compliance with
applicable laws and regulations.
Credit and Liquidity
The Charity's principal financial assets are its long-term investments in CCLA and its bank
balances, trade and other receivables. The Charity's credit risk is attributed to its trade
receivables. The credit risk on liquid funds and derivative financial instruments is limited because
the counterparties are banks and investment houses which are rated highly by the international
credit rating agencies. The Charity has no significant concentration of credit risk with exposures
spread over a large number of counterparties and service users.
In order to maintain liquidity, the management ensures that sufficient funds are available for
ongoing operations and future developrnents.
Governing Document
The Charity is a charitable company not having share capital as defined by Companies Act 2006.
It was registered as a charity on 23 July 1994 and constitutes a limited company, limited by
guarantee as defined by the Companies Act 2006. It is controlled by its governing document and
memorandum and articles of association which were amended at the board meeting in March
2021 and approved by the Charity Commission and registered with Companies House together
with the name change to Carers Trust Heart of England (formerly Crossroads, Coventry &
Warwickshire).
Page 10

Carers Trust Heart of England
Report of the Trustees
For year ended 31 March 2024
Recruitment and appointment of new Trustees
The Directors ofthe company are also Charity Trustees for the purpose of charity law and are known
as members of the Management Committee.
Any person who is willing to act as a director, and who is permitted by law to do so, may be appointed
to be a Director by resolution of the Directors.
Under the requirements of the Articles of Association, at every Annual General Meeting (AGM) one-
third, or, if their number is not divisible by three, the nearest number to one-third, of the Directors
shall retire by rotation under article 15.2, but may, subject to article 15.5, offer themselves for re-
appointment by the Directors.
The Directors to retire by rotation shall be those who have been in office Sin￿ their last appointment
or reappointment.
Organisational Structure
Carers Trust Heart of England has a Board of 10 Trustees who meet regularly throughout
the year and at least quarterly. Each meeting includes a review of the current activities
including the financial position, actual achievement against the action plan, health and
safety issues and future strategy. The Board is supported by three committees, Executive
Committee, Finance and Risk Committee and Quality and Operations Committee which
meet every quarter, and f￿dback from these committees is given at following Board
meetings by their chairs.
The Trustees attend both the Annual General Meeting and any training seminars pertinent
to their responsibilities as Trustees. The Trustees have a wide range of business, social
work and management experience from practitioner to director level and the majority of
Trustees have also had personal experience of caring.
The head office of the charity is currently in Queen Victoria Road in Coventry and
Regulated services and Coventy Wellbeing services are delivered from this offi￿, Young
Carers ServI￿S and the Wellbeing services for Warwickshire are delivered from
community venues across the region. Carers Trust Heart of England provides services
throughout Coventry and WanNickshire by teams of staff based in their local areas and
managed from one of the above stated offices.
The day-to-day responsibility of the organisation is that of the Chief Executive Officer who
also provides support and advice to the Trustees in business and strategic planning. The
Chief Executive Officer is supported by the Deputy Chief Executive OffI￿r and the
Managers of the specific areas. They respectively manage their teams of advisors,
coordinators, assessors, administration staff and care support staff.
Page 11

Carers Trust Heart of England
Report of the Trustees
For year ended 31 March 2024
Organisational Structure - continued
Remuneration for staff, including key management personnel is reviewed annually taking
into account current minimum wage legislation and its impact on salary scales together
with a review of similar charitable organisations pay scales.
Related Parities and Associations
The Charity is a partner of the Carers Trust. The Carers Trust was formed as a result of
the merger of the former Crossroads Association and the Princess Royal Trust for Carers.
All ne￿Ork partners of the Trust work to an agreed quality assurance standard and share
the same aims and objectives. In addition, the charity is registered with the Care Quality
Commission as a domiciliary care agency providing regulated services and as such
adheres to the standards as laid down in the National Minimum Care Standards
Legislation. Locally, the registered manager and staff work closely with other charitable
and statutory authorits'es to further the interests of carers and those they care for. The
Chief Executive Officer works locally, regionally and nationally to promote the organisation
and forge links with other organisations to further the work of the charity.
Reference and Administrative Details
Registered Company Number:
Registered Charity Number:
Registered Office:
6 Queen Victoria Road, Coventry W Midlands CV13JH
Auditors
LDP Luckmans. Chartered Accountants, Business & Taxation Advisors.
1110 Elliot Court, Coventry Business Park, Herald Avenue, Coventry
CV5 6UB
03206963 (England and Wales)
1057024
Banks
Barclays Bank Plc, 25 High Street. Coventy CV13JH
Cambridge and Counties Bank, Charnwood Court, 58 New Walk,
Leicester LE16TE
Investment House
CCLA, Senator House, 85 Queen Victoria Street, London, EC4V 4ET.
Nexa Law Limited, We Work, 51h Floor, 10 York Road, London SE1
7ND.
Solicitors
Page 12

Carers Trust Heart of England
Report of the Trustees
For year ended 31 March 2024
Going Concern
The Trustees have considered the reserves policy above and the working capital requirements for
the period of 12 months from the date of this report and have reasonable expectations that the
Charity has adequate resources to continue its operations for the foreseeable future. Accordingly,
the trustees continue to adopt the going con￿rn basis for the preparation of the annual report and
accounts.
Trustee's Responsibility Statement
The Trustees (who are also the directors of Carers Trust Heart of England for the
purposes of company law) are responsible for preparing the Report of the Trustees and
the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally AC￿pted Accounting Practi￿).
Company 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 trie charitable company and of the
incoming reSoUr￿S and application of reSoUr￿s, including the income and expenditure,
of the charitable company for that period. In preparing those financial statements, the
Trustees are required to:_
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charity SORP:
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will conts.nue in business.
The Trustees are responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charitable company and to
enable them to ensure that the financial statements comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the charitable company and
hen￿ for taking reasonable steps for the prevention and detection of fraud and other
irregularits'es.
Page 13

Carers Trust Heart of England
Report of the Trustees
For year ended 31 March 2024
Statement a5 to Disclosure of Infomiation to Auditors
So far as the Trustees are aware, there is no relevant information (as defined by Section
418 of the Companies Act 2006) of which the charitable companls auditors are unaware,
and each Trustee has taken all the steps that they ought to have taken as a Trustee in
order to make them aware of any audit information and to establish that the charitable
company's auditors are aware of that information.
Auditors
A resolution to re-appoint LDP Luckmans as the Charity's auditor will be proposed at the
forthcoming Annual General Meeting.
The report of the Trustees has been prepared taking advantage of the small companies exemption
in the Companies Act 2006.
This report was approved by the Board of Trustees and authorised for issue on 14th November
2024 and is si
ned on its behalf by
Mr Dhiran Vagdia (Chair)
Page 14

Carers Trust Heart of England
Independent Auditors Report to the Members
For year ended 31 March 2024
Opinion
We have audited the financial statements of Carers Trust Heart of England (the 'charitable
company ) for the year ended 31 March 2024 which comprise the Statement of Financial Activities,
the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a
summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
Give a true and fair view of the state of the charitable company's affairs as of 31 March
2023 and of its incoming reSoUr￿S and application of resources, including its income and
expenditure, for the year then ended"
Have been properly prepared in accordan￿ with United Kingdom Generally Accepted
Accounting Practi￿s., and
Have been prepared in accordance with the requirement of the Companies Act 2006
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)
and applicable law. Our responsibilities under those standards are fjjrther described in the
Auditors, responsibilities for the audit of the financial statement section of our report. We are
independent of the charitable company in accordan￿ with the ethical requirements that are
relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard.
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We
believe that the audit eviden￿ we have obtained is sufficient and appropriate to provide a basis
for our opinion.
Conclusions relating to going concern.
In auditing the financial statements, we have concluded that the Trustees, use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating
to events or conditions that, individually or collectively, may cast significant doubt on the charitable
company's ability to continue as a going con￿rn for a period of at least hvelve months from when
the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are
described in the relevant sections of this report.
Page 15

Carers Trust Heart of England
Independent Auditors Report to the Members
For year ended 31 March 2024
Other information
The Trustees are responsible for the other information. The other information comprises the
information included in the Annual Report, other than the financial statements and our Report of
the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the
extent otherwise explicitly stated in our report. we do not express any form of assurance
conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other informats'on is materially inconsistent with
the financial statements, or our knowledge obtained in the audit or otherwise appears to be
materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a material misstatement in
the financial statements themselves. If based on the work we have performed, we conclude that
there is a material misstatement of this other information. we are required to report that fact. We
have nothing to report in this regard.
Opinions on other matters p￿sCrIbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
The information given in the Report of the Trustees for the financial year for which the
financial statements are prepared is consistent with the financial statements, and
The Report of the Trustees has been prepared in accordan￿ with applicable legal
requirements.
Matters on which we are required to report by exception.
In the light of the knowledge and understanding of the charitable cornpany and its environment
obtained in the course of the audit. we have not identified material misstatements in the Report of
the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006
requires us to report to you if, in our opinion..
Adequate accounting records have not b￿n kept or retums adequate for our audit have not
been re￿iVed from branches not visited by us,. or
The financial statements are not in agreement with the accounting records and returns. or
Certain disclosures of Trustees, remunerabon specified by law are not made., or
We have not received all the information and explanations we require for our audit; or
The Trustees were not entitled to take advantage of the small companies exemption from
the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Page 16

Carers Trust Heart of England
Independent Auditors Report to the Members
For year ended 31 March 2024
Responsibilities of Trustees
As explained more fully in the Statement of Trustees. Responsibilities, the Trustees (who are also
the directors of the charitable company for the purposes of company law) are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view,
and for such internal control as the Trustees determine is necessary to enable to preparation of
financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable
company's ability to continue as a going COn￿rn, disclosing. as applicable, matters related to
going concern and using the going concern basis of accounting unless the Trustees either intend
to liquidate the charitable company or to ease operations. or have no realistic alternative but to do
so.
Our responsibilitles for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as
whole are free from material misstatement, whether due to fraud or error, and to issue a Report of
the Independent Auditors that includes our opinion. Reasonable assurance is a high level of
assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always
detect a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in aggregate, they could reasonably be expected to influence
the econornic decision of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below:
Enquiring of management and employees, including obtaining and reviewing supporting
documentation, concerning the charity's policies and procedures relating to:.
Identifying, evaluating, and complying and laws and regulations and whether they were
aware of any InStan￿S of non-compliance.
Detecting and responding to the risk of fraud and whether they were aware of any actual,
suspected, or alleged fraud and
The internal controls estsblished to mitigate risk relating to fraud or non-complian￿ with
laws and regulations.
We identified areas of law and regulations that could reasonably be expected to have a material
effect on the financial statements from our general commercial and sector experience, discussions
with management (as required by auditing standards) and discussed with management the
policies and procedures regarding Complian￿ with laws and regulations.
Page 17

Carers Trust Heart of England
Independent Auditors Report to the Members
For year ended 31 March 2024
All identified laws and regulations were communicated throughout the audit team, and they
remained alert to any indications of non-complian￿ throughout the audit.
The most significant considerations for the charitable company were as follows'.-
The Charity is subject to laws and regulations that affect the financial statements which
include financial reporting legislation (namely the Companies Act 2006), taxation legislation
and the Charities Act. We assessed the extent of compliance with these laws and
regulations as part of our audit procedures Con￿rning items recorded in the financial
statements.
The Charity is also subject to other operational laws and regulations here the
consequences of non-compliance could have a material effect on the amounts of
disclosures in the financial statements through imposing fines or withdrawal of funding
contracts. Areas where this would have an effect include health and safety, Bribery Act
2010, employment law, data protections and child protection legislation (DBS checks for
staff and volunteers)
Auditing standards limit the audit prO￿dureS to identifying non-compliance of these laws and
regulations to enquiry of management and inspection of regulatory and legal corresponden￿, if
there is any. Therefore, if a breach of operational regulations is not disclosed to us or evident from
relevant correspondence, and audit will not detect the breach.
To identify the risk of material misstatement due to fraud, we carried out discussions amongst the
audit team to assess areas where and how fraud might occur in the financial statements and any
potential indicators. The following areas were identified
Management override of controls through the posting of inappropriate accounting entries or
journals
We do not believe there is a fraud risk relating the revenue recognition as the revenue is
straightforward, with limited opportunity for manipulation.
We did not identify any additional fraud risks.
We tested the appropriateness of accounting journals and other adjustments made in the
account's preparation based on a risk criteria.
Owing to the inherent limitation of the audit, there is an unavoidable risks that we may not have
detected some material misstatements, even though we have properly planned and performed our
audit in accordance with auditing standards. For example, the further removed non-compliance
with laws and regulation is from the events and transacts'on reflected in the financial statement, the
less likely in the inherently limited procedure required by auditing standards would identify it. In
addition, as with any audit there remained a higher risk of non-detection of fraud, as these may
involve collusion, forgery, intentional omissions, misrepresentation, or the override of internal
controls. Our audit procedures are designed to detect material misstatement. We are not
responsible for preventing non-compliance of fraud and cannot be expected to detect non-
Complian￿ with all law and regulations.
Page 18

Carers Trust Heart of England
Independent Auditors Report to the Members
For year ended 31 March 2024
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at 14VW.frc.org.uklauditors responsibilities. This description
forms part of our Report of the Independent auditors.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordan￿ with
Chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we
might state to the charitable company's members those matters we are required to state to them in
an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than the charitable company and the charitable
company's members as a body, for our audit work, for this report, or for the opinions we have
formed.
Mark Spafford FCCA.foA (Senior Statutory Auditors)
for and on behalf of Luckmans Duckett Parker Limited
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB
Date: 'IND
Page 19

Carers Trust Heart of England
Statement of Financial Activities
(Incorporating Income and Expenditure Account)
For year ended 31 March 2024
Unrestricted Restricted
Funds
Funds
2024
total
2023
Total
Notes
Income and Endowments
Donations and Legacies
Charitable activites
Other Trading adivilies
Investment In¢ome
Other income
12,430
1,979,240
1.778
66.842
6.030
32,872
443,490
117
45.302
74,494
2.422.730 2,568,191
1,895
66,842
8,205
15,874
13,080
2,175
Total
2,066,320
478,654
2,544,974
2,671.729
Expenditure
Raising Funds
Charitable a¢tivities- Direct costs
Charitable activities Support costs
Govemance Activities - support Costs
64.552
1.350.749
815,882
6,780
64,552
1.723.080
856,526
6,780
46,143
1,684,905
704,892
5,740
372,331
Total
2.237,963
412,975
2,650,938
2,441,680
Other Recognised gains - Investmerrts
140,239
140.239
49,288
Net Incomel(expendilure)
(31,404)
65,679
34.275
279,337
Transfer befvleen funds
19
65,379
33,975
65,379
300
34,275
279.337
Funds as al 31 March 2023
2,656,347
135,IyJ4
2.791,351
2.512.014
Funds as al 31 March 2024
2,690,322
135,304
2,825.626
2,791,351
Page 20

Carers Trust Heart of England
Statement of Financial Activities
(incorporating Income and Expenditure Account)
For year ended 31 March 2024
Statement of Financial activities for year ended 31 March 2023
Unrestricted Restricted
Funds
Funds
2023
total
Note¢
Income and Endowments
Donations and Legacies
Charitable activities
Other trading activities
Investment Income
Other income
47,145
1,920.615
90
15,874
12.570
27,349
647,576
74,494
2,568.191
90
15,874
13.080
510
Total
1,996,294
675,435
2,671,729
Expenditure
Raising Funds
Charitable activities - Direct costs
Charitable activities Support costs
Governance Activities - support Costs
46,143
1,250,305
577,605
5,740
46,143
1.684,905
704.892
5,740
434.600
127.287
Total
1,879.793
561,887
2,441,680
Other Recognised gain& Investments
49.288
49.288
Net Incomel{expenditure)
165,789
113,548
279,337
Transfer between funds
19
79,468
245.257
79,468
34,080
279,337
Funds as at 31 March 2022
2,411,090
100.924
2,512,014
Funds as at 31 March 2023
2,656,347
135,004
2.791.351
Page 21

Carers Trust Heart of England
Balance Sheet
For year ended 31 March 2024
2024
2023
Notes
Fixed assets
Tangible assets
Investments
13
14
361.623
1,689,527
2.051.150
445,498
1,549,289
1,994,787
Current Assets
Debtors
Cash at bank and in hand
15
104,312
1,076,987
1,181,299
120.128
1,188,003
1.308,131
Creditors: amount falling due within one year
16
{406.823)
(511,567)
Net Current Assets less current Liabilities
774,476
796,564
Net Assets
2,825,626
2,791.351
Funds of the Charity
Unrestricted Funds
general funds
designated funds
19
19
2,435.322
255.000
2,399,708
256,639
Restricted funds
19
135,304
135,004
Total Funds
2,825,626
2,791.351
These financial statements were approved in accordan￿ with the provision applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 14th
November 2024 and were signed on its behalf by
ia- Chair
Robert Villette - Trustee
Page 22

Carers Trust Heart of England
Cash Flow
For year ended 31 March 2024
2024
2023
notes
Cashflow from operating activities
(178,058)
187,501
Cash flow from Investlng activities
Dividends and interest from investments
Proceeds from sale of Equipment
Purchase of IT equipment
Purchase of investments
Net cash flow from investing activities
66,842
200
15,873
100
(9,120)
1,500,000
1,493,147)
67,042
cash flow from financing activities
Net increasel(decrease in cash and cash equivalents
(111.016) (1,305,646)
Cash and cash equivalents at beginning of reporting period
1,188,003
2,493,649
Cash and cash equivalents at end of reporting period
1,076,987
1.188,003
Page 23

Carers Trust Heart of England
Notes to the Cash Flow
For year ended 31 March 2024
1. RECONCILIATION OF NET (EXPENDITURE)IINCOME TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2024
2023
Net incomelexpenditure for the reporting period as per the
statement of f inancial activities
adjustments for
deprecialion charges
(gains)I losses on investments
(gains)Ilosses on fixed assets
dividends interest from investments
lossl{profit) on sale of fixed assets
(increase)Idecrease in debtors
increasel(decrease) in creditors
34,275
279,337
10,528
(140,238)
13,468
(49,287)
(66,842)
73,146
15,816
(104,743)
(15,874)
262
146,267
(186,672)
Net cash provided by operating acttvities
(178,058)
187,501
2. ANALYSIS OF CASH AND CASH EQUIVALENTS
2024
2023
Cash at bank and in hand
1.076,987
1,188,003
Total cash and cash equivalents
1,076.987
1,188.003
Page 24

Carers Trust Heart of England
Notes to the Accounts
For year ended 31 March 2024
1. ACCOUNTING POLICIES
General information and basis of preparing the financial statements
Carers Trust Heart of England is a Company Limited by Guarantee, incorporated in England and
Wales. In the event of the charity being wound up, the liability in respect of the guarantee is
limited to £5 per member of the charity. The address of the registered office is given in the charity
information on page 12 of these financial statements. The nature of the charity's operations and
principal activities are given on page 4.
The financial statements of the charitable company, which is a public benefit entity under FRS
102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standards applicable in the UK and
republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies
Act 2006.
The financial statements are prepared on a going con￿rn basis under the historical cost
convention modified to include ￿rtain items at fair value. The financial statements are presented
in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are
set out below. These policies have been consistendy applied to all years presented unless
otherwise stated.
Income recognition
All income is recognised in the Statement of Financial Activities once the charity has entitlement
to the funds, it is probable that the income will be received and the amount can be measured
reliably.
In accordance with the Charities SORP income received in advan￿ and specified by the provider
as relating to specific accounting periods or alternatively which are subject to conditions which
are still to be met, and which are outside the control of the charity or where it is uncertain whether
the conditions can or will be met, are deferred or are recognised on an accruals basis to the
period to which they relate. Such deferrals are shown in the notes to the financial statements
and the sums involved are shown as creditors in the financial statements.
Page 25

Carers Trust Heart of England
Notes to the Accounts
For year ended 31 March 2024
1. ACCOUNTING POLICIES - continued
Income from trading activities includes income earned from fundraising events and trading
activities to raise funds for charity. Income received in exchange for supplying goods and
services in order to raise funds is recognised when entitlement has occurred.
No amount is included in the financial statements for volunteer time in line with the SORP
(FRS102).
Income from government grants and other grants are recognised at fair value when the charity
has entitlement after any perf0rrnan￿ conditions have been met, it is probable that the income
will be received and the amount can be measU￿d reliably. If entitlement is not met these amounts
are deferred.
Investment income is eamed through both our Investment house, CCLA. and our bank accounts
with Barclays Bank PIC and Cambridge and Counties Plc.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligats.on
committing the charity to that expenditure, it is probable that a transfer of economic benefits will
be required in settlement and the amount of the obligation can be measured reliably. Expenditure
is accounted for on an accruals basis and has been classified under headings that aggregate all
cost related to the category. Where costs cannot be directly attributed to particular headings they
have been allocated to activities on a basis consistent with the use of reSoUr￿s.
Fund raising costs are those incurred in seeking voluntary contributions and include the costs of
disseminating information in support of the charitable activities
Governan￿ costs are those which relate to the provision of governance infrastructure of the
charity. Included within this category are costs associated with the strategic management of the
charity's activities and all trustees and committee costs.
Allocation and apportlonment of costs
Overheads and support costs have been apportioned on a basis consistent with the use of the
resources. Where support costs are not directly related to contracts, such as costs relating to
Management, Finance and Accounts, Human Resources, IT and Office Facilits"es, the costs are
allocated to each acts'vity based on an apportionment basis.
Recognition of liabilities
Liabilities are recognised on an accruals basis in accordance with nomial accounting principles,
modified where ne￿SSary in accordance with the guidance given in the Charities SORP.
Page 26

Carers Trust Heart of England
Notes to the Accounts
For year ended 31 March 2024
1. ACCOUNTING POLICIES - continued
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities (SOFA)
on a straight line basis over the period of the lease.
Investments
Fixed asset investments are a form of financial instrument and are initially recognized at their
transaction cost and subsequently measured at fair value at the balance sheet date. Investment
gains and losses, whether realised or unrealised are combined and shown in the heading ' other
recognised gainsllosses
investments in the statement of financial activities. Short term
investments are classified as current assets and valued at current market value
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life
Freehold Property
Improvements to property
Fixtures fittings and equipment
Freehold property policy
not provided
over the period of the lease
25 % on reducing balan
the charity does not depreciate assets that retsin
their value over the period of ownership
Tangible fixed assets are stated at historic cost less accumulated depreciation. Costs include the
original purchase pri￿ of the asset and the costs attributable to bringing the asset to its working
condition for its intended use. All expenditure of a capital nature is capitalised at cost as fixed
assets with items costing below £1,500 being fully expensed during the year of purchase.
Taxation
The charity is exempt from corporation tax to the extent that its income and gains are applicable
to charitable purposes only. Value Added Tax is not recoverable by the Charity and is therefore
included in the relevant costs in the Statement of Financial Activities (SOFA).
Funds
General funds are unrestricted funds which are available for use at the discretion of the trustees
in furtherance of the general objectives of the charity and which have not been designated for
other purposes.
Unrestricted designated fvnds are those ring-fen￿d for the initiatives supporting charity's
strategic objectives.
Restricted designated fvnds are funds which are to be used in accordan￿ with specific
restrictions imposed by donors or which have been raised by the charity for particular purposes.
The cost of raising and administering such funds are charged against the specific fund
Investment income and gains are allocated to the appropriate fund.
Page 27

Carers Trust Heart of England
Notes to the Accounts
For year ended 31 March 2024
1. ACCOUNTING POLICIES - continued
Pension costs and other post retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable
to the charitable company's pension scheme are charged to the Statement of Financial Activities
in the period to which they relate.
Flnancial instruments
Financial assets and liabilities are defined as basic financial instruments under FRS102. These
are measured at amortised cost.
Going Concern
The Trustees have considered the resenies policy above and the working capital requirements
for the period of 12 months from the date of this report and have reasonable expectation thatthe
Charity has adequate resources to continue its operations for the foreseeable future. Accordingly,
the Trustees continue to adopt the going con￿rn basis for the preparation of the annual report
and accounts.
2. DONATIONS AND LEGACIES
2024
2023
Unrestricted Restricted
Funds
Funds
Total Funds Total Funds
Donations
12,430
32,872
45,302
74,494
3. OTHER TRADING ACTIVITIES
2024
2023
Unrestricted Restricted
Funds
Funds
Total Fund5 Total Funds
Fundraising Events
1,778
117
1,895
90
Page 28

Carers Trust Heart of England
Notes to the Accounts
For year ended 31 March 2024
4. INVESTMENT INCOME
2024
2023
Unrestricted Restricted
Funds
Funds
Total Funds
Total Funds
Deposit account interest
Investment div￿￿endS
21.794
45,048
66,842
21,794
45,048
66,842
4,521
11,353
15,874
5. INCOME FROM CHARITABLE ACTIVITIES
2024
Totsl
2023
Total
Unrestrithd
Restricted
Local Authority contracts
Other contracts
Grants
457,822
135,788
1.385,630
1,979,240
457,822
135,788
1,829,120
2,422,730
429,046
111,112
2,028,033
2.568,191
443,490
443,490
All income from Charitable Activities relates to Care ServI￿s and direct support to carers.
The above grants figures include the following funding providers:
Grant Provider
Big Lottery - Young Carers
Children in Need
Carers Trust
Local Authority
Other grants
82,085
82.085
74.560
32,714
52,032
1,864,399
328
2,024,033
77,432
273,970
10,003
443,490
77.432
1,659.600
10,003
1,829,120
1.385.630
1,385,630
Page 29

Carers Trust Heart of England
Notes to the Accounts
For year ended 31 March 2024
6. RAISING FUNDS
2024
Total
Funds
2023
Total
Funds
Unrestricted
Funds
Restricted
Funds
Raising donations and legacies
Staff costs
Support costs for fundraising activities
56,*7
7.585
64,552
S6,￿7
7,585
64.552
28.589
17.554
46,143
7. CHARITABLE ACTIVITIES- DIRECT COSTS
2024
Total
2023
Total
Unrestricted Restricted
Staff Costs
Travel
Activity Costs
Grants to Carers
Training costs
Depreciation
Protective equipment
Loss on disposal of Assets
Loss on revaluation of Assets
1,291.555
43.939
6.605
615
695
7.246
245,560
7.143
66,187
52.554
1,537,115
51,082
72,792
53,169
1,561
7,246
115
1,500,113
49,907
48.715
69,078
6,089
11,003
21
1,350,749
372,331
1.723.080
1,684,905
Page 30

Carers Trust Heart of England
Notes to the Accounts
For year ended 31 March 2024
CHARITABLE ACTIVITIES- SUPPORT COSTS
2024
Total
2023
Total
Unrestricted Reslricted
staff Costs
Travel
Training
Premises costs
Insurance
utilities
Telephones
Postage and stationary
PR
IT costs
Recruitment
Other expenses
Repairs and renewals
Impairment of property
Bad debt provision
Legal and professional costs
462,384
5,369
27,428
50,098
21.272
10.146
27.414
4.230
7,902
56,718
17.655
16,906
7,194
73.146
462,384
5.369
27.428
53,785
21.272
10,146
31.329
4.230
24.128
73.001
17,655
16,949
7.194
73.146
484
28.026
384,179
4,887
33,363
14,022
20,959
11,419
30,010
3,526
32,083
66,936
20,681
27,106
12,452
3,687
3,915
16,226
16,283
43
92
43,117
27,536
490
815,882
40,644
856,526
704,832
9. GOVERNANCE
2024
total
2023
Total
Unrestricted Restricted
Auditors Remuneration
Training from Auditors
Trustees meeting costs
6,510
120
150
6,780
6,510
120
150
6,780
5,100
540
100
5,740
Page 31

Carers Trust Heart of England
Notes to the Accounts
For year ended 31 March 2024
10.NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is stated after charging:
2024
2023
Auditors Remunerations
Depreciatson - Owned Assets
Deficit on Disposawimpaiment of Fixed Assets
6,510
10,528
73,146
5,100
13,469
263
11.TRUSTEES' REMUNERATION and BENEFITS
There were no Trustees, remuneration or other benefits for the year ended 31 March 2024
nor for the year ended 31 March 2023.
12.STAFF COSTS
2024
2023
Wages and Salaries
Social Security Costs
Other Pension Costs
1,865,452
140,291
50,723
2,056,466
1,717,289
145,983
49.608
1.912,880
The average monthly number of employees during the year was as follows..
2024
2023
Chief Executive Officer
Practical support services
Youngladult carer infomiation
Central Management support
Finance and administration
51
28
51
29
91
90
Total number of employees earning over £60,000 per year (including benefits) in the periods
is as follows-
2024
2023
No.
£60,000 - £70,000
£70,000 - £80.000
£80,000 - £90,000
The total amount of remuneration received by key management personnel (including
employer pension and national insurance contributions) is £213,829 (2023: £185,351). The
charity considers its key management personnel comprises of 3 individuals (2023.. 3).
Page 32

Carers Trust Heart of England
Notes to the Accounts
For year ended 31 March 2024
13.TANGIBLE FIXED ASSETS
Freehold
Property
Improvements Fixtures Fittings
to Leasehold
& Equipment
Property
2024
Tolal
COST
1 st April 2023
Additions
Disposalstimpairment
31 st March 2024
350,000
103,023
44,358
497,381
103,023
2,028
42,330
105,051
392,330
350,000
DEPRECIATION
1 st April 2023
Charge for year
Disposallimpaimient
31st March 2024
26,394
3.282
{29.676)
25,489
7,246
{2,0281
30,707
51,883
10,528
{31,7041
30,707
NET BOOK VALUE
31 st March 2024
350,000
11,623
361,623
31st March 2023
350,000
76,629
18,869
445,498
14.MANAGED INVESTMENTS
The charity set up an investment account with CCLA during the previous financial year.
2024
1,549.289
2023
Market value at 1 April 2023
Additions
Disposals
1.500,000
1,549,289
1,500,000
Unrealised gainsllosses on investments
140,238
49,289
Closing value at 31 March
1,689,527
1,549,289
Page 33

Carers Trust Heart of England
Notes to the Accounts
For year ended 31 March 2024
15.DEBTORS
2024
2023
Trade Debtors
Other Debtors
Prepaymenls
19,013
74,939
10,360
104,312
15,506
80,000
24,622
120,128
16.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade Credf(ors and provisions
Accruals
Other Creditors
Deferred income (see below)
15,569
10,659
211,959
168,636
406.823
241,588
166.904
1.824
101,251
511,567
Deferred income
2024
2023
As at 1st April 2023
Amounts received in the year
Income utilised in the year
101.251
2.005,911
(1,938.526)
438,845
1,805,985
(2,143,579)
31st March 2024
168,636
101,251
17.LEASING AGREEMENTS
Minimum lease payments under non-can￿lIable operating leases fall due as follows.
2024
2023
Within one year
Be￿en one and five years
in more than five years
1,595
2,986
8,237
13,223
4,581
21,460
Page 34

Carers Trust Heart of England
Notes to the Accounts
For year ended 31 March 2024
18.ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Funds
Restricted
Funds
2024
2023
Fixed Assets
Current Assets
Current Liabilities
2,051,150
855,560
216,388
2,690,322
2,051,150
325,739 1,181,299
190,435
406,823
135,304 2,825,626
1.994,787
1,308,131
511,567
2,791,351
19. MOVEMENT IN FUNDS
Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total
Balance as at 1st April 2023
Surplusl(Loss) for the year
Movement between Reserves
2,399,708
(16,205)
51,819
256,639
(15,199)
13,560
135,004
65,679
(65,379}
2,791,351
34,275
Closing Balance as at 31st March 2024
2,435,322
255,000
135,304
2,825,626
Restricted designated funds are fvnds which are to be used in accordan￿ with specific
restrictions imposed by donors or which have been raised by the charity for particular
purposes.
Unrestricted - general funds are unrestricted funds which are available for use at the
discrets.on of the trustees in fvrtherance of the general objectives of the charity and which
have not been designated for other purposes.
Unrestricted designated funds are funds that have been ring-fenced for the initiatives
supporting charity's strategic objectives.
Page 35

Carers Trust Heart of England
Notes to the Accounts
For year ended 31 March 2024
MOVEMENT IN FUNDS- continued
The restricted reserves are made up of
2024
2023
PCT
Enhanced
Hardship fund
Carers Trust Grant
100,924
29,103
4,977
300
100,924
29,103
4,977
135,304
135,004
The designated reserve is made up of
2024
2023
Sale and purchase of premises costs
Costs relating to exit of Penny Collard Centre
Private Market Development
Funding for a trust and grants officer
Custodian funds
120.000
120,000
100,000
100,000
35,000
35,000
1,639
255,000
256,639
Page 36

Carers Trust Heart of England
Notes to the Accounts
For year ended 31 March 2024
20.MOVEMENT IN RESERVES
Transfer
between
Funds
1.4.2023
Income
Expenditure
31.3.2024
Unrestricted Funds
General Funds
Designated premises Fund
Designated personnel Fund
Designated Private Marf¢el Fund
Designated Penny Collard Centre Fund
Designated Trust and Grants Fund
Designated Custodian Fund
2.399.708 2,066,320
120,000
2.082.525
51,819
2,435,322
120,000
100,000
(100.0001
13.560
100,000
100,000
35,000
1,639
2,656,347 2,066,320
13.560
1.639
2,097,724
35,000
65,379
2,690,322
Restricted Funds
Restricted Funds
135,004
478,654
412.975
165,379)
135,304
Tolal Funds
2,791.351 2,544,974
2.510,699
2,825,626
Prior Year Movement in Reserves
Designated Premises Fund
Designated Personnel Fund
Designated Equipment Fund
Designated Penny Collard Centre Fund
Designated Trust and Grants Fund
Designated Custodian Fund
120.000
200,000
50.000
56.000
120.000
(200,0001
{50,000)
44,000
100,000
35,000
35,000
529
O ￿ 1,639
1,830,505
79,468
2.656,347
2,168
2.411,090 1.996.294
Restricted Funds
Restricted Funds
100,924
675.435
561.887
(79,4681
135,004
Total Funds
2,512,014 2,671,729
2.392.392
2,791,351
Page 37

Carers Trust Heart of England
Notes to the Accounts
For year ended 31 March 2024
21.PENSION COMMITMENT
The Charity operates a defined contribution scheme for its employees. The defined
contributions are paid immediately each month to the nominated fund of the respective
employees. The amount paid into schemes during the year amounted to £1,093 (2023
£2,231) The total amount prepaid at 31 March 2024 was £69 (2022 £49)
22.RELATED PARTY DISCLOSURES
During the year ending 3151 March 24, video serwces were provided by Jonathan Trace
amounting to £1.920 (2023, Nil) Mr J Tra￿ is a trustee of Carers Trust Heart of England. The
amount due to Mr J Tra￿ at 315t March 24 was nil (2023, nil).
23. ULTIMATE CONTROLLING PARTY
Carers Trust Heart of England is a charitable company limited by guarantee. The members
of the company have agreed to contribute £5 each to the assets of the company in the event
of the company being wound up.
Ultimate control of the company rests with the Trustees who are also directors and members
of the company.
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