OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-03-31-accounts

CARERS TRUST TYNE & WEAR

(A charitable company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS

31 MARCH 2024

Registered company number 3245594 Registered charity number 1059917

ARMSTRONG WATSON Chartered Accountants Newcastle upon Tyne

CARERS TRUST TYNE & WEAR

REPORT AND FINANCIAL STATEMENTS

31 MARCH 2024

CONTENTS

Page
1 Reference and administrative information
2 to 5 Report of the Board of Trustees
6 Independent examiner’s report
7 Statement of financial activities
(including income and expenditure account)
8 Balance sheet
9 Statement of cash flows
10 to 16 Notes to the financial statements

CARERS TRUST TYNE & WEAR

REFERENCE AND ADMINISTRATIVE INFORMATION

Board of Trustees

Ms A Moore Miss B Dodgson Dr A Gregory Mr M O’Hare Mrs Su-Wan Lewis Mr G C Pointer Mr C Toon

(Chairperson) (Appointed 11 July 2023)

(Appointed 2 May 2023) (Resigned 12 March 2024) (Resigned 12 March 2024)

Secretary

Miss P V Steele

Registered company number 3245594 Registered charity number 1059917

Website www.carerstrusttw.org.uk

Chief Executive

Miss P V Steele

Registered office

The Old School Smailes Lane Highfield Rowlands Gill NE39 2DB

Accountants

Armstrong Watson LLP First Floor One Strawberry Lane Newcastle upon Tyne NE1 4BX

Bankers

Lloyds Bank plc PO Box 1000 Andover BX1 1LT

-1-

CARERS TRUST TYNE & WEAR

REPORT OF THE BOARD OF TRUSTEES

The Board of Trustees is pleased to present its report together with the unaudited financial statements for the year ended 31 March 2024 which are also prepared to meet the requirements for a directors’ report and financial statements for Companies Act purposes.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and 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).

Structure, governance and management

Governing document

The charity is a company limited by guarantee, not having a share capital and is also registered with the Charity Commission. It is governed by its memorandum of association (last revised 30 March 2021) and articles of association (last revised 30 March 2021) and in the event of the charity being wound up, the maximum liability of each member is £5.

Appointment of trustees

Members of the Board of Trustees are elected by the Board of Trustees following a recruitment process of application and interview. Trustees are all company directors for the purposes of company law. Members of the Board of Trustees elect from amongst their own number a chair, and treasurer.

Induction and training of trustees

Members of the Board of Trustees receive an induction covering key areas of governance, finance, services, quality and people. Key documents are supplied to each trustee. Ongoing training is offered to support individual trustees as required.

Organisation

The charity is governed by the Board of Trustees who meet approximately six times per annum. The Chief Executive has day to day responsibility for the operations of the charity.

There are sub-committees of trustees and staff which meet as required to review priority areas.

Training and development continue to be a priority. Mandatory training takes place in house for care staff. All direct care staff are required to have at least NVQ level 2 and are encouraged to do NVQ level 3 training. Staff who are recruited to the care service without a background in care are required to complete the Care Certificate which covers all induction standards required to provide personal care. Managers are required to have NVQ 4, or to work towards this standard.

The Board of Trustees recognises and values the support of both its staff and volunteers.

Relationships with other charities and organisations

The charity is a network partner of Carers Trust, the largest UK wide carers charity, which works with networks partners across the UK to provide hands on practical support to carers in their communities. The charity works within a national Carers Trust framework of policies, procedures and guidance.

Carers Trust Tyne & Wear works in partnership with statutory bodies and other grant and trust making bodies such as Gateshead Council, North East and North Cumbria Integrated Care Board, Community Foundation, BBC Children in Need, Sir James Knott Trust and Ballinger Trust.

-2-

CARERS TRUST TYNE & WEAR

REPORT OF THE BOARD OF TRUSTEES

Structure, governance and management (continued)

The charity is also committed to close collaboration with other agencies to provide direct services and to campaign and advocate for continued community development for carers and vulnerable people.

Risk management

The Board of Trustees actively reviews the potential risks faced by the charity and the systems that have been established to mitigate those risks. This includes the establishment of a risk register, which is reviewed on an annual basis by the Board of Trustees. In October 2023 the charity was assessed and has maintained compliance with the ISO9001 quality mark. The Charity also has a cyber essential certificate for holding data.

Carers Trust Tyne & Wear operates within a quality assurance framework and complies with standards of care described in the National Care Standards Regulations. It is a registered provider with the Care Quality Commission, and in the most recent inspection in March 2020 was assessed as overall “Good” in all five areas that were inspected. The charity has since been reviewed and deemed not needing to be inspected.

The impact of the COVID-19 pandemic has taken a long time to recover from. We must work hard to recover services within the care service as the majority of them were cancelled, some clients have never felt comfortable enough to have staff back in. Office based staff are now mainly working back in the office but have the flexibility to work from home where appropriate for part of the week.

Objectives and activities

Carers Trust Tyne & Wear aims to relieve the stresses experienced by carers, the person with care needs and their families. The area of benefit is the Borough of Gateshead, Tyne & Wear and surrounding areas.

The charity is committed to providing services which are of high quality, by well qualified and managed staff in a manner which is specific to the needs of carers and provided in a responsive, flexible and timely manner. This is achieved through the provision of a Care Service and Young Carers Service. A key overall aim is to improve the lives of carers.

In setting the objectives for the year and planning the charity’s activities, the Board of Trustees has considered the Charities Commission’s guidance on public benefit.

Achievements and performance

Care Service

The Care Service delivered 35,194 hours of care in the home and community to the end of March 2024 which is an increase of 2,943 hours from last year. Recruitment continues to be an issue especially with our aging workforce. We did recruit several new staff in early 2023 and have been able to increase hours of care. The Care Service continues to deliver a much-needed service to unpaid family carers so they can have a break from their caring role.

The Care Service has begun to host coffee mornings and have a pop up charity shop on site, in order to raise funds and our profile with the local community. Staff volunteer to work in this on a monthly basis. This year saw the establishment of day centres on two days per week, for people with early onset dementia so their carer can have a longer break whilst we take care of the person with dementia in our day centre.

-3-

CARERS TRUST TYNE & WEAR

REPORT OF THE BOARD OF TRUSTEES

Achievements and performance (continued)

Young Carers Service

This year the Young Carers Service has seen a steady rise in referrals for support. In total we have received 178 referrals and completed 136 Young Carers Assessments, for newly referred young carers. In addition, we have re-assessed the needs of 372 young carers. We currently offer support to approximately 530 young carers.

Funding that we have received from various grant making trusts, and through donations and our own fundraising activities, has enabled us to deliver 116 activity sessions for young carers. These sessions have ranged from 1-2-1 therapeutic support sessions through to large residential group activities. In partnership with NE Counselling Services, we have delivered 54 hours of counselling to young carers.

Our work in partnership with Gateshead schools and colleges has expanded this year. We have delivered 49 drop-in sessions in 7 secondary schools and 14 full-school assemblies in local primary schools. In partnership with Gateshead College, we delivered 10 weekly homework and revision sessions to young carers who needed support to get exam ready.

In this period, we received and processed 251 Wellbeing Fund Applications, which helped young carers to purchase items including sports equipment and mobile phones. Through access to a local funder, we were also able to support the access to further education of 5 young carers, who faced financial barriers.

A total of 867 activity news sheets were sent to the young carers this year and 275 activity packs were sent to new referrals and young carers under the age of 8.

Financial review

The principal funding sources for the charity are contract income, spot purchase from Gateshead Council, individual carers and grants from charitable trusts.

Overall, income levels have increased compared to last year and resulted in a surplus for the year of £3,935 (2023: deficit of £104,272) as shown in the statement of financial activities on page 7.

Reserves policy

The Board of Trustees has established a policy whereby the charity holds unrestricted income funds not invested in tangible fixed assets in a General Fund as reserves. The trustees consider that the minimum level of the reserves should be equivalent to two months’ operating costs, which is approximately £166,000.

Reserves are needed to provide financial stability, to allow the charity to meet existing commitments not covered by future income and to enable the charity to take advantage of development opportunities in advance of available funding.

At the balance sheet date, the level of reserves stood at £131,150 (2023: £113,857). The trustees have reviewed both the reserves policy and the actual level of reserves at 31 March 2024. They have noted the position at the balance sheet date and are taking steps to secure the charity’s financial position in the light of the continuing challenges being experienced.

-4-

CARERS TRUST TYNE & WEAR

REPORT OF THE BOARD OF TRUSTEES

Plans for future periods

The Young Carers Service will continue to be busy in 2024. In the coming year we are hoping to further expand the services that we offer, to include a young carers’ counselling service, which will be delivered in partnership with NE Counselling, and access to private tuition for young carers who struggle to prepare for their exams, due to their caring responsibilities. For 2024 into 2025, due to a procurement exercise, the focus of the Young Carers Service will be activity based – we have some funding to provide some fitness activities and will be seeking further funding to enhance this service in the future.

The Care Service plans to do more training for carer support workers in line with new CQC regulations (mandatory training now includes Autism and Learning Disabilities). More support workers are still required especially in the East of the borough, so recruitment will be a focus for the coming year. Also the Care Service will be aiming to deliver more hours of care, develop the coffee mornings, and try to get additional funding to continue the day centre as people are asking for this service.

As an organisation we will be participating and contributing to the development of a Gateshead Carers Strategy and will be working with partners to develop a bid for work with the Innovate UK research project. We will continue to recruit new trustees to the board. We will continue to seek opportunities for income generation including grants and more care hours to deliver.

Responsibilities of the Board of Trustees in relation to the financial statements

The trustees (who are also the directors of Carers Trust Tyne & Wear for the purposes of company law) are responsible for preparing the report of the Board of Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Board of Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Board of Trustees is required to:

The Board of Trustees is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable it to ensure that the financial statements comply with the Companies Act 2006. It is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

On behalf of the Board of Trustees

17 September 2024

-5-

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF

CARERS TRUST TYNE & WEAR

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024, which are set out on pages 7 to 16.

Responsibilities and basis of report

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

As the charity’s trustees (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 Act 2006’).

Having satisfied myself that the accounts of the charity 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 your charity’s accounts as 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 145(5)(b) of the 2011 Act.

Independent examiner’s report

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

D R GOLD FCA Independent examiner First Floor One Strawberry Lane Newcastle upon Tyne NE1 4BX

Date 25 October 2024

-6-

CARERS TRUST TYNE & WEAR

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 MARCH 2024

Note
Income from:
Donations:
Grants and donations
Charitable activities:
Contract funding
Other income
Total income
4
Expenditure on:
Raising funds
Charitable activities
Total expenditure
5
Net income (expenditure)
Transfers between funds
Net income (expenditure) and net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
10		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2024
2023
£
£
£
£
58,210
113,628
171,838
122,386
687,791
132,000
819,791
706,025
7,156
9
7,165
6,794
753,157
245,637
998,794
835,205
9,654
1,703
11,357
13,862
728,362
255,140
983,502
925,615
738,016
256,843
994,859
939,477
15,141
(11,206)
3,935
(104,272)
2,901
(2,901)
-
-
18,042
(14,107)
3,935
(104,272)
121,765
145,751
267,516
371,788
139,807
131,644
271,451
267,516

There were no recognised gains or losses for the year other than those shown above. All income and expenditure derives from continuing activities.

The notes on pages 10 to 16 form part of these financial statements.

-7-

CARERS TRUST TYNE & WEAR

COMPANY REGISTRATION NUMBER: 3245594

BALANCE SHEET

AS AT 31 MARCH 2024

Note
Tangible fixed assets
6
Current assets
Debtors
7
Cash at bank and in hand
8
Net current assets
9
Net assets
Funds of the charity
Unrestricted income funds
10
Restricted income funds
10
Total charity funds
Creditors:amounts falling due within
one year
Creditors:amounts falling due after one
year		 2024
2023
£
£
£
£
11,153
17,216
148,971
104,831
218,036
243,894
367,007
348,725
(101,448)
(89,702)
265,559
259,023
(5,261)
(8,723)
271,451
267,516
139,807
121,765
131,644
145,751
271,451
267,516

For the year ended 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees on 17 September 2024 and were signed on its behalf by:

Ms A Moore Chairperson

The notes on pages 10 to 16 form part of these financial statements.

-8-

CARERS TRUST TYNE & WEAR

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2024

2024
Note
£
Net cash used by operating activities
a)
(25,859)
Cash flows from investing activities
Purchase of tangible fixed assets
-
-
Decrease in cash
(25,859)
Cash at 1 April
243,895
Cash at 31 March
b)
218,036
a) Reconciliation of net income/(expenditure) to net cash flow from operating activities
Net income/(expenditure)
3,935
Increase/(decrease) in creditors
8,284
(Increase) in debtors
(44,140)
Depreciation
6,062
Loss on disposal of fixed assets
-
Net cash used by operating activities
(25,859)
b) Analysis of cash balances
Cash with Lloyds Bank Plc
217,727
Petty cash
309
218,036		 2023
£
(106,870)
(15,070)
(15,070)
(121,940)
365,835
243,895
(104,272)
(553)
(8,537)
5,311
1,181
(106,870)
243,500
395
243,895

-9-

CARERS TRUST TYNE & WEAR

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1. Legal status of the charity

The charity is a company limited by guarantee and has no share capital. In the event of it being wound up, the maximum liability of each member is £5.

2. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

(a) Basis of preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost unless otherwise stated. They have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and the Companies Act 2006.

Carers Trust Tyne & Wear meets the definition of a public benefit entity under FRS 102.

The financial statements are prepared in sterling which is the functional and presentation currency of the charity.

(b) Preparation of the accounts on a going concern basis

The charity has reviewed its future budget forecasts and there is a reasonable expectation that it has adequate resources to continue in operational existence for at least the next twelve months and on this basis, the trustees consider the charity to be a going concern.

(c) Fund structure

The charity has a number of sources of restricted income where funds have been given for a specific purpose and further details are provided in note 10 to the financial statements. Expenditure which meets the specific criteria for each fund is charged to that fund.

All other funds are unrestricted income funds.

(d) Income recognition

All income is included in the statement of financial activities when the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The following specific policies are applied to particular categories of income:

Contract funding and grants are treated as deferred income where:

• received in advance of the period in which they must be used; or

Donated services and facilities are recognised in income when the charity has control over the item, any conditions associated with the donated item has been met, the receipt of the economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market, a corresponding amount is then recognised in expenditure in the period of receipt.

(e) Expenditure recognition

Expenditure is recognised when a liability is incurred. Resources expended include attributable VAT which can not be recovered.

Costs of expenditure on raising funds comprise the costs incurred in raising income from grants and donations, together with expenditure on fundraising activities.

Governance costs include those costs incurred in connection with compliance with constitutional and statutory requirements and costs associated with the strategic management of the charity.

Support costs include central services and are allocated to cost categories on the basis of staff time spent.

-10-

CARERS TRUST TYNE & WEAR

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies ( continued )

(f) Fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off the cost less estimated residual value of tangible fixed assets over their expected useful lives as follows:

Leasehold property - straight line over the lease period Furniture and fittings - 15% per annum straight line Office equipment - 25% per annum straight line

(g) Cash at bank

Cash at bank includes two current accounts, both of which are instant access.

(h) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

(i) Government grants

Government grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model.

Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which they become receivable.

(j) Financial instruments

The charity only has financial instruments and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially measured at transaction value and subsequently measured at their settlement value.

(k) Pension costs

Employees of the charity are entitled to join a defined contribution scheme. The charity contribution in the year is disclosed in note 5. The charity has no liability beyond making its contribution and paying across the deductions for employees' contributions.

3. Net income/(expenditure)
Net income/(expenditure) for the year is stated after charging:
Accountancy services
Depreciation of tangible fixed assets		 2024
2023
£
£
8,720
11,988
6,062
5,311

-11-

CARERS TRUST TYNE & WEAR

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

4. Total income
Grants and
donations
General Fund
41,318
Care Service
23,687
Young Carers
106,833
171,838
5. Total expenditure
Raising
funds
£
Direct costs
Staff costs
-
Travelling expenses
-
Activity costs
-
Other costs
-
Depreciation
-
Fundraising and publicity costs
2,586
Accountancy fees
-
Allocated support costs
Staff costs
8,771
Office costs
-
Depreciation
-
Accountancy fees
-
Total resources expended
11,357
Governance costs
Total expenditure on charitable activities
Expenditure on charitable activities:
General fund
Care Service
Community Service
Young Carers		 Contract
funding
3,660
684,131
132,000
819,791
Charitable
activities
£
660,116
27,405
64,273
50,813
2,419
-
-
68,845
84,205
3,643
4,394
966,113
17,389
983,502
Direct
costs
£
13,791
583,935
60
207,238
805,024		 Other
Total
Total
income
2024
2023
116
45,094
17,024
7,040
714,858
614,115
9
238,842
204,066
7,165
998,794
835,205
Governance
Total
Total
costs
2024
2023
£
£
£
-
660,116
596,057
-
27,405
20,271
-
64,273
55,917
2,578
53,391
50,847
-
2,419
2,589
-
2,586
3,538
3,453
3,453
5,275
8,771
86,387
96,631
2,587
86,792
98,916
-
3,643
2,722
-
4,394
6,714
17,389
994,859
939,477
Support
Total
Total
costs
2024
2023
£
£
£
431
14,222
30,429
126,515
710,450
666,486
-
60
97
34,142
241,380
206,645
161,088
966,113
903,657

-12-

CARERS TRUST TYNE & WEAR

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

5. Total expenditure (continued)

Staff costs:
Wages and salaries
Social security costs
Pension contributions
The average number of employees for the year, analysed by function was as follows:
Care Service
Community Service
Young Carers
Project support		 2024
2023
£
£
692,654
642,978
43,306
40,119
10,543
9,591
746,503
692,688
No.
No.
36
37
-
-
7
7
4
3
47
47

The charity considers that during the year, its key management personnel comprised the Chief Executive, Care Service Manager, Finance Manager, Management Team, Young Carer Lead and the Business Development Manager.

The total employment benefits of the key management personnel were £154,501 (2023: £162,672). None of the trustees received any emoluments during the year.

The aggregate amount of expenses reimbursed to the trustees during the year was £nil (2023: £nil). The number of trustees reimbursed for travelling expenses was nil (2023: nil). No employees received remuneration above £60,000.

6. Tangible fixed assets
Cost
At 1 April 2023
Additions
Disposals
At 31 March 2024
Depreciation
At 1 April 2023
Charge for year
On disposals
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Furniture
Leasehold
and
Office
property
fittings
equipment
Total
£
£
£
£
21,391
17,343
43,994
82,729
-
-
-
-
-
-
-
-
21,391
17,343
43,994
82,729
21,391
16,942
27,180
65,513
-
161
5,902
6,063
-
-
-
-
21,391
17,103
33,082
71,576
-
240
10,912
11,153
-
401
16,814
17,216

-13-

CARERS TRUST TYNE & WEAR

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

7. Debtors
Contract income receivable
Prepayments
Accrued income
Other debtors
8. Creditors:amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals
Finance lease and hire purchase contracts
9. Creditors:amounts falling due after one year
Finance lease and hire purchase contracts		 2024
2023
£
£
80,904
39,579
17,078
14,114
49,193
50,646
1,795
492
148,970
104,831
2024
2023
£
£
12,867
14,830
8,721
7,900
7,754
4,524
68,645
59,361
3,461
3,087
101,448
89,702
2024
2023
£
£
5,262
8,723
5,262
8,723

The obligations under finance leases and hire purchase contracts shown above and in note 8 are secured on the assets on which the finance has been taken out.

10. Funds

Restricted funds
Care Service
Community Service
Young Carers
Unrestricted funds
General Fund
Care Service
Community Service
Young Carers
Total funds		 At 1 April
At 31 March
2023
Income
Expenditure
Transfers
2024
£
£
£
£
£
9,789
6,795
(11,379)
(2,901)
2,304
8,649
-
(60)
-
8,589
127,313
238,842
(245,404)
-
120,751
145,751
245,637
(256,843)
(2,901)
131,644
119,765
45,093
(14,652)
(17,563)
132,643
2,000
708,064
(723,364)
20,464
7,164
-
-
-
-
-
-
-
-
-
121,765
753,157
(738,016)
2,901
139,807
267,516
998,794
(994,859)
-
271,451
Movement in funds

-14-

CARERS TRUST TYNE & WEAR

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

10. Funds (continued)

Unrestricted funds:

Income for the year includes the following:

Restricted funds:

Income for the year includes the following:

Care Service

Young Carers

-15-

CARERS TRUST TYNE & WEAR

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

11. Analysis of net assets between funds
Restricted funds
Care Service
Community Service
Young Carers
Unrestricted funds
General Fund
Care Service
Total funds
Analysis of net assets between funds - prior year
Restricted funds
Care Service
Community Service
Young Carers
Unrestricted funds
General Fund
Care Service
Total funds		 Tangible
Net
Creditors:
fixed
current
amounts due
Total
assets
assets
after one year
2024
£
£
£
£
-
2,304
-
2,304
76
8,513
-
8,589
3,766
116,985
-
120,751
3,842
127,802
-
131,644
1,493
131,150
-
132,643
5,819
6,606
(5,261)
7,164
7,312
137,756
(5,261)
139,807
11,154
265,558
(5,261)
271,451
Tangible
Net
Creditors:
fixed
current
amounts due
Total
assets
assets
after one year
2023
£
£
£
£
-
9,789
-
9,789
136
8,513
-
8,649
5,210
122,103
-
127,313
5,346
140,405
-
145,751
5,908
113,857
-
119,765
5,963
4,760
(8,723)
2,000
11,871
118,617
(8,723)
121,765
17,217
259,022
(8,723)
267,516

12. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2024
2023
£
£
5,515
16,098
10,513
10,752
16,028
26,850

-16-