Registered number: 03245594 Charity number: 1059917 CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Armstrongwatson. Accountants, Business & Financial Advisers
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) CONTENTS Page Reference and Administrative infomiation Trustees. Report Independent Examiner's Report Statement of Financial Activities Balance Sheet 10-11 Statement of Cash Flows 12 Notes to the Financial Statements 13-31
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 Board of Trustees Ms A Moore, Chairperson Miss B Dodgson Dr A Gregory Mrs Su-wan Lewis Dr A Mayrhofer {appointed 11 March 2025) Mr C Scott (appointed 16 Dember 2024) Mr C Toon Ms T Vinton (appointed 11 March 2025) Company registered number 03245594 Charity registered number 1059917 Registered office The Old School Smalles Lane Highfield Rowlands Gill Tyne and Wear NE39 2DB Company secretary Miss P V Steele Chief executive officer Miss P V Steele Accountants Armstrong Watson LLP First Floor One Strawbery Lane Newcastle upon Tyne Tyne and Wear NE14BX Bankers Lloyds Bank plc PO Box 1000 Andover BX1 1LT Website www.Carerstrus.Org.uk Page 1
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Board of Trustees is pleased to present its report together with the unaudited financial statements for the year ended 31 March 2025 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 Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102). Objectives and activities a. Policies and objectives 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 SeNice. 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 a. Care Service The Care Service delivered 34,101 hours of care in the home and community to the end of March 2025 which is a slight decrease in hours from last year. This was due to the winding down of the Carer Relief SeNice which was not recommissioned by Gateshead Council. We managed to recruit several new staff in early 2024 and have since 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 SeNice has continued to host coffee momings and quarterty jumble sales, in order to raise funds and our profile with the local community. Staff continue to volunteer to work in this. The day centre for clients with dementia continues to run successfully, which allows their carer to have a longer break whilst we take care of the person with dementia in our day centre. Page 2
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance (continued) b. Young Carers Service This year unfortunately the Young Carers se1 contract was retendered by Gateshead Council and awarded to another provider. We offered support from April to August to approximately 550 young carers. Funding that we have received from various grant making trusts. through donations and our own fundraising activities, enabled us to deliver various activity sessions for young carers. These sessions ranged from 1-2-1 therapeutic support sessions through to large residential group activities. In partnership with NE Counselling Services, we have delivered 98 hours of counselling to young carers. Our work in partnership with Gateshead schools and colleges continued this year, delivering drop-in sessions at secondary schools and full-school assemblies in local primary schools. In partnership with Gateshead College, we delivered some weekly homework and revision sessions to young carers who needed support to get exam ready. Feedback from young carers proved this was a success and was very beneficial to the young carers, who said they received higher grades than they expected. In this period, we received and processed 78 Wellbeing Fund Applications, which helped young carers to complete vocational courses. purchase items including sports equipment, laptops and mobile phones. Through access to a local funder, we were also able to support the aCsS to further education for young carers, who faced financial barriers. A total of 720 activity news sheets were sent to the young carers this year. We continued to provide activity packs to new referrals and young carers under the age of 8. During the reporting period we managed to secure a 3 year grant from The Big Lottery Fund for a Fit & Free project worth £145,246. This is to deliver sporting activities for young carers in the Gateshead area, which we began a recruitment campaign for at the end of 2024. Financial review a. Results 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 decreased compared to last year and resulted in a deficit for the year of £45,097 (2024.. surplus of £3,935) as shown in the statement of financial activities on page 9. b. Going concem After making appropriate enquiries, the Board of Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Page 3
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 c. 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 months, operating costs. which is approximately £157,000. Reserves are needed to provide financial stsbility. 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 £166.601 (2024.. £131,150). The trustees have reviewed both the reserves policy and the actual level of reseNes at 31 March 2025. 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. Structure, governance and management a. Constitution 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. b. Methods of appointment or election of trustees Members of the Board of Trustees are elected by the Board of Trustees following a recruitment process of application and inteNiew. 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. c. Organisational structure and decision-making policies 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 setvice 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. d. Policies adopted for the 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. Page 4
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management (continued) e. Relationships with other charities and organisations The charity is a neOrk partner of Carers Trust. the largest UK wide carers charity, which works with neOrk 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. prOdureS 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. 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. Plans for future periods Although we no longer have a contract with the local authority to deliver Young Carers Services we are developing an activity programme for the young carers which is funded by the Big Lottery. We are currently recruiting a worker to run the project, Fit and Free which is funded by the Big Lottery Community Fund. In the coming year we will begin offering acts'vities for young carers and we will be seeking further funding to enhance this offer in the future. The Care SeNice plans to do more training for carer support workers in line with new CQC regulations (mandatory training now includes Autism and Leaming 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 Se1 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. We also aim to open a new day centre which will be aimed at adults with leaming disabilities. We will continue to seek opportunities for income generats-on including grants and increased target of care hours to deliver. 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 2024 the charity was re-assessed and has maintained compliance with the IS09001 quality mark. The Charity also has NHS Toolkit and cyber essential certificate for holding data. We also hold certification with CHAS. 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. We must continue to work hard to enhance the seNices we offer within the organisation's services. Page 5
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 ststement of trustees. responsibilities The Board of Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees, Report 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 period. Under company law, the Board of Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure. for that period. In preparing these financial statements, the Board of Trustees are required to.. select suitable accounting policies and then apply them consistently- obseNe the methods and principles of the Charities SORP {FRS 102)., make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Company will continue in business. The Board of Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordan with the special provisions for small companies under Part 15 of the Companies Act 2006. Approved by order of the members of the board of Board of Trustees and signed on their behalf by.. Mooré O?GM Ms A Moore Date: 25 November 2025 Page 6
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent Examiner's Report to the Trustees of Carers Trust Tyne & Wear I'the charity. I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025. 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 conf m that l am qualified to undertake the examination because l am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. As the trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). 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 the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'l. 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 Statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe" accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the accounts do not accord with those records,. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fail view which is not a matter considered as part of an independent examination- or the accounts have not been prepared in accordan with the methods and principles of the Statement of Recommended practi for accounting and reporting by charities applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}. 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. Page 7
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters l am required to stste to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body. for my work or for this report. Signed.. 0211212025 41 02GpAfi Dated: Mrs E Chapman FCA Amistrong Watson LLP First Floor One Strawberry Lane Newcastle upon Tyne Tyne and Wear NE14BX Page 8
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Grants and donations 54.605 741,284 8.369 37.611 55,000 92.216 796,284 8,369 171,838 819,791 7,165 Charitable activities Other income Total income 804.258 92.611 896,869 998, 794 Expenditure on: Raising funds Charitable activities 3.534 757,154 7.055 174,223 10,589 931,377 11,357 983,502 Total expenditure 760,688 181,278 941,966 994, 859 Net incomel(expenditure) Transfers belween funds 43.570 (12,252) (88.667) 12,252 (45,097) 3,935 16 Net movement in funds 31,318 (76,415) (45,097) 3,935 Reconciliation of funds: Total funds brought forward Net movement in funds 139.807 31.318 131,644 (76.415) 271,451 (45,097) 267,516 3,935 Total funds carried forward 171.125 55.229 226,354 271,451 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 13 to 31 form part of these financial statements. Page 9
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) REGISTERED NUMBER: 03245594 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Fixed assets Tangible assets 12 6.957 11,152 6,957 11,152 Current assets Debtors 13 206,632 154,943 148,972 218,036 Cash at bank and in hand 361.575 367,008 Creditors.. amounts falling due within one year 14 1140.570) (101,448) Net current assets 221,005 265,560 Total assets less current liabilities 227.962 276,712 Creditors.. amounts falling due after more than one year 15 (1.608) (5,261) Total net assets 226,354 27t,451 Page 10
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) REGISTERED NUMBER: 03245594 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 2025 2024 Note Charity funds Restricted funds Unrestricted funds 16 55,229 171.125 131,644 739,807 16 Total funds 226,354 271,451 The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordan with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the trustees and signed on their behalf by.. Amooke Amoore (Dec 1, 2025 22..47-.05 GMT) Ms A Moore Chairperson Date: 25 November 2025 The notes on pages 13 to 31 form part of these financial statements. Page11
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operating activities Net cash used in operating activities (see note 19) (63.093) (25, 859) Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year (63,093 218,036 (25,859) 243, 895 Cash and cash equivalents at the end of the year 154.943 218,036 The notes on pages 13 to 31 form part of these financial statements Page 12
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General infomiation 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. Accounting policies 2.1 Basis of preparation of financial statements The financial statements 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 Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019), the Financial Reporting Stsndard applicable in the UK and 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. Assets and liabilities are initially recognised at historical cost or transaction value unless otheNise stated in the relevant accounting policy. The financial statements are prepared in sterling which is the functional and presentation currency of the charity. 2.2 Going concern 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 e1ve months and on this basis, the trustees consider the charity to be a going concern. 2.3 Income 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 reiVed 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 advan of the period in which they must be used-, or entitlement is subject to specific performance conditions which have not been fulfilled at the balance sheet date. Donated ServIS 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 seNices or facilities of equivalent economic benefit on the open market, a corresponding amount is then recognised in expenditure in the period of receipt. Page 13
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (continued) 2.4 Expenditure Expenditure is recognised when a liability is incurred. ReSoUrS 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 ntral SeNiS and are allocated to cost categories on the basis of staff costs. 2.5 Government grants Government grants are not recognised until there is reasonable assuran 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. 2.6 Tangible fixed assets and depreciation Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tsngible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is calculated to write off the cost less estimated residual value of tsngible fixed assets over their expected useful lives as follows- Leasehold property Fumiture and fittings Office equipment straight line over the lease period 15°k per annum straight line 25°A per annum straight line 2.7 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.8 Cash at bank and in hand Cash at bank includes two current accounts. both of which are instant access. Page 14
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (continued) 2.9 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. 2.10 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. 2.11 Finance leases and hire purchase Assets obtained under hire purchase contracts and finan leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the charity. Obligations under such agreements are induded in creditors. net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Financial Activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. 2.12 Pensions Employees of the charity are entitled to join a defined contribution scheme. The charity contribution in the year is disclosed in note 10. The charity has no liability beyond making its contribution and paying across the deductions for employees, contributions. 2.13 Fund accounting 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 17 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. Page 15
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from grants and donations Unrestricted Restricted funds funds 2025 2025 Total funds 2025 General Fund Care Service 51,920 2,685 3,000 5,000 29,611 54,920 7.685 29,611 Young Carers 54,605 37,611 92,216 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 General Fund Care Service Young Carers 41,318 16,892 41,318 23,687 106, 833 6, 795 106, 833 58,210 113,628 171,838 Income from charitable activities Unrestricted Restricted funds funds 2025 2025 Total funds 2025 General Fund 3,560 737,724 3.560 737,724 55.000 Care Service Young Carers 55,000 741,284 55,000 796.284 Page 16
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities (continued) Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 General Fund 3, 660 684, 131 3,660 684, 131 132,000 Care Service Young Carers 132, 000 687, 791 132, 000 819,791 Income from charitable activities represents contract funding. Other income Unrestricted funds 2025 Total funds 2025 General Fund Care Service 189 189 8,180 8,180 8,369 8,369 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 General Fund 116 116 Young Carers Care Service 7, 040 7,040 7, 156 7, 165 Page 17
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on raising funds Fundraising costs Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Fundraising and publicity costs Staff costs 605 2,929 1,206 5,849 1,811 8.778 3,534 7,055 10,589 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Fundraising and publicity costs Staff costs 2, 199 7,455 387 2,586 8,771 1,316 9, 654 1, 703 11,357 Page 18
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Anatysis of expenditure on charitable activities Summary by fund type Unrestricted Restricted funds funds 2025 2025 Total 2025 General Fund 40,108 717,046 1,540 5,000 41,648 722,046 19 Care Service Community Service Young Carers 167,664 167,664 757,154 174,223 931,377 Unrestricted funds 2024 Restricted funds 2024 Total 2024 General Fund Care Servi Community Servi Young Carers 14,652 713,710 14,652 725,088 60 243, 702 11,378 60 243, 702 728, 362 255, 140 983,502 Page 19
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Anatysis of expenditure by activities Activities undertaken directly 2025 Support costs 2025 Total funds 2025 General Fund 1,914 609,323 39,734 112,723 41.648 722,046 19 Care Service Community Servi Young Carers 81,902 85,762 167,664 693,158 238,219 931,377 Activities undertaken directly 2024 Support costs 2024 Total funds 2024 General Fund Care Service 14,221 588, 531 60 431 136,557 14,652 725,088 60 Community Servi Young Carers 208, 243 35,459 243, 702 811,055 172,447 983,502 Included within charitable activits-es is an amount of £21.467 (2024- £17,389) in relation to governance costs.This comprises salaries of £9,696 (2024: £8,771). office overheads of £1,999 {2024', £2,587), affiliation fees of £3.005 (2024.. £2.578} and accountancy fees of £6,767 (2024.. £3,453) Page 20
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Anatysis of expenditure by activities (continued Anatysis of direct costs General Fund 2025 Care Community SeNice Service 2025 2025 Young Carers 2025 Total funds 2025 Depreciation Staff costs Travelling expenses Activity costs other costs 48 30 19 487 584 528.082 24,769 11.078 45.364 30,904 1,888 34,247 14,376 558,986 26.657 45,325 61.606 1,866 1,914 609,323 81,902 693,158 General Fund Care seICe 2024 2024 Community Seryice 2024 Young Carers 2024 Total funds 2024 Depreciation Staff costs Travelling expenses Activity costs other costs 1, 769 11.858 23 30 60 560 2,419 660,114 27,405 64,273 53,390 3,454 528,370 22, 024 8,511 26,718 2,878 119.886 5, 358 55. 762 26, 101 576 571 Accountancy fees 14,221 588, 531 60 208, 243 81t,055 Included within direct costs is an amount of £3,005 (2024= £6,031) in relation to govemance costs. This comprises affilation fees of £3,005 (2024.. £2,578) and accountancy fees of £Nil (2024.. £3,453) Page 21
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Anatysis of expenditure by activities (continued Anatysis of support costs General Fund 2025 Care Service 2025 Young Carers 2025 Total funds 2025 Depreciation Staff costs other costs 2,708 76,430 903 3.611 138,210 39.433 49,446 7.519 61,780 39,433 301 Office costs 27,946 5,639 21,199 1,880 Accountancy fees 39,734 112,723 85,762 238,219 GeneTrl Fund Care Service 2024 2024 Young Carers 2024 Total funds 2024 Depreciation Staff costs Office costs 2, 732 65,974 64, 189 3, 662 911 3,643 77,61T 86, 793 4,394 It.643 22,173 732 431 Accountancy fees 431 136,557 35,459 172,447 Included within suppport costs is an amount of £18,462 (2024.. £11,358) in relation to governance costs. This comprises salaries of £9,696 (2024.. £8,771) office overheads of £1,999 (2024: £2,587) and accountancy fees of £6,767 (2024.. £Nil). Independent examiner's remuneration The independent examinerfs remuneration amounts to an independent examiner fee of £3,000 (2024- £2, 784). Page 22
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. Staff costs 2025 2024 Wages and salaries Social security costs Pension contributions 652.298 43,243 10.434 692, 654 43,306 10,543 705,975 746,503 The average number of persons employed by the Company during the year was as follows.. 2025 No. 2024 No. Care Service Young Carers Project Support 34 36 42 47 No employee received remuneration amounting to more than £60,000 in either year. The charity considers that during the year. its key management personnel comprised the Chief Executive, Central Administration Manager. Finan Manager. Management Team. Young Carer Lead and the Business Development Manager. The total employment benefits of the key management personnel were £128,17512024.' £154,501) 11. Trustees. remuneration and expenses During the year, no trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 31 March 2025, no trustee expenses have been incurred (2024 - £NIL). Page 23
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Tangible fixed assets Leasehold Furniture property and fittings Office equipment Total Cost At 1 April 2024 21,391 17,343 43,994 82,728 At 31 March 2025 21.391 17.343 43,994 82.728 Depreciation At 1 April 2024 Charge for the year 21,391 17,103 102 33,082 4,093 71,576 4.195 At 31 March 2025 21,391 17,205 37,175 75,771 Net book value At 31 March 2025 138 6,819 6.957 At 31 March 2024 240 10,912 11,152 13. Debtors 2025 2024 Due within one year Trade debtors Other debtors 130,723 492 80,904 1,797 66,271 Prepayments and accrued income 75,417 206,632 148,972 Page 24
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Creditors: Amounts falling due within one year 2025 2024 Trade creditors 9.593 8,818 3.654 12,867 8,721 3,461 7, 754 68,645 Other taxation and social security Obligations under finan lease and hire purchase contracts Other creditors Accruals and deferred income 117.961 140,570 tot,448 15. Creditors: Amounts falling due after more than one year 2025 2024 Net obligations under finance lease and hire purchase contracts 1,608 5,261 The obligations under finance leases and hire purchase contracts shown above and in note 14 are secured on the assets on which the finan has been taken out. Page 25
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Statement of funds ststement of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Transfers inlout Income Expenditure Unrestricted funds General Fund 132,643 7.164 55,669 748.589 (40,108) (720.580) 22,921 (35.173) 171,125 Care Service 139,807 804.258 (760.688) (12.252) 171.125 Restricted funds Care Service Community Servi Young Carers General Fund 2,304 8,589 120,751 5,000 15,000) 119) (174,719) (1.540) 2,304 8,570 42,895 1.460 84.611 3.000 12,252 131,644 92.611 {181.278) 12.252 55,229 Total of funds 271A51 896.869 (941.966) 226.354 Page 26
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Statement of funds {continued) ststement of funds - prior year Balance at 31 March 2024 Balan at 1 April 2023 Transfers in/out Income Expenditure Unrestricted funds General Fund Iq9, 765 2, 000 45,093 708, 064 (14,652) (723,364) (17, 563) 20,464 132, 643 7,164 Care Service 121, 765 753, 157 (738, 016) 2,901 139,807 Restricted funds Care Service 9, 789 8.649 127,313 6, 795 (11,379) (60) (245, 404) (2,901J 2,304 8,589 120,751 Community Servi Young Carers 238, 842 145, 751 245,637 (256, 843) (2,901) 131, 644 Total of funds 267.516 998. 794 (994, 859) 271,451 17. Summary of funds Summary of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Transfers inlout Income Expenditure General funds Restricted funds 139,807 131,644 804,258 92.611 (760,688) (181.278) (12,252) 12,252 171,125 55,229 271,451 896,869 1941.966) 226,354 Page 27
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Summary of funds (continued) Summary of funds - prior year Balance at 31 March 2024 Balan at 1 April 2023 Transfers in/out Income Expenditure General funds Restricted funds 121,765 145, 751 753, 157 245, 637 (738, 016) (256, 843) 2.901 (2,901) 139,807 131,644 267,516 998, 794 (994, 859) 271,451 Unrestricted funds: Income for the year includes the following.. - £262,472 mainstream funding from Gateshead Council for the charity's Care Service. - £475,252 from various sources in respect of spot purchase. - £20,000 from The Ballinger Charitable Trust to support core costs. - £20,000 from The Garfield Weston Foundation to support core costs. Restricted funds: Income for the year includes the following.. General Fund - £3,000 from the Screwfix Foundation towards roof repairs. Care Service - £5,000 from W A Handley Trust to support day ntre costs Young Carers - £55,000 from Gateshead Council for young carers support Servi$. - £46,983 from National Lottery Community Fund to improve the physical and mental health of young carers. - £14,652 from Triangle Trust to support activities for young carers. - £8,387 from Children in Need to support various costs for young carers. Page 28
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Anatysis of net assets between funds Anatysis of net assets between funds - current year Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Current assets 4,524 261,796 (93.587) (1,608) 2,433 6,957 99,779 361,575 (46,9831 {140,570 {1.608) Creditors due within one year Creditors due in more than one year Total 171,125 55,229 226,354 Anatysis of net assets between funds - prior year Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Rounding 7,310 239, 206 (101,448) (5, 261) 3, 842 127,802 11,152 367,008 (101,448) (5,261) Total 139, 808 131,644 271,452 Page 29
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Reconciliation of net movement in funds to net cash flow from operating activities 2025 2024 Net incomelexpenditure for the year (as per Statement of Financial Activities) (45.097) 3,935 Adjustments for: Depreciation charges Increase in debtors 4,195 (57.660) 35,469 6,062 (44, 140) 8,284 Increase in creditors Net cash used in operating activities (63.093) (25, 859) 20. Anatysis of cash and cash equivalents 2025 2024 Cash at bank Petty cash 153,549 1.394 217,727 309 Total cash and cash equivalents 154,943 218,036 21. Anatysis of changes in net debt At 1 April 2024 Cash flows At 31 March 2025 Cash at bank and in hand 218.036 18,722) (63.093) 3,460 154.943 (5,262) Finance leases 209,314 (59,633) 149,681 Page 30
CARERS TRUST TYNE & WEAR (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 22. Operating Leases The total future minimum lease payments under non-canlIable operating leases are as follows.. 2025 2024 Not later than 1 year Later than 1 year and not later than 5 years 5.515 6,690 5,515 10,513 12.205 16,028 23. Related party transactions The charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing betsveen related parties and the charity at 31 March 2025. Page 31