REGISTERED COMPANY NUMBER: 03289938 (England and Wales) REGISTERED CHARrrY NUMBER: 1060080 R• rt of tho Trustees and Unaudited Financial Ststements for the Yoar Ended 31 March 2024 for Bath & North East Somerset Carers, Centro n Llmited b Guarantae Com Monahans Ch8rter8d Accounlants County Gate County Way Trowbrldg8 Wiltshire BA14 7FJ th & North East Somer8ot Carors. Centrè Contonts of thè Flnanclal Ststements for the Y r Endod 31 March 2024 Page Roport of the Tru8te•8 1 to 7 Ind•pendont Examinerfs Report Statement of Flnanelal Actlvitlos 8alanc8 Sheet 10 Cash Flow Statemont 12 Notes to the Cash Flow Statement 13 Not•s to tho Flnanclal Statements 14 to 29 Bath & North East Somer8Ot Carers. Centre Rè ort of tho Trustsès for th• Year Ended 31 March 2024 The Trustees (who are also directors of the Charity for the purposes of the Companies Act} present their Annual Report together with the financlal statements of The Carers, Centre for the year ended 31 March 2024. The Tntstees confimi that th8 Annual Rewrt and flnanciol statements of The Carers, Centre comply wilh the current statutory réqulrements, the reqUireM￿ts of th8 Carers, Centre governing documènt and the provisions of Ihe Statement of Recommènded Practice {SORP). applkable to chartties preparlng thdr accounts in aCC¢)rdan￿ with thè Flnancial Reportlng Standard applicable in the UK and Rep￿11¢ of Ireland (FRS 102) {6ffective 1 January 2019). Slnce the Carers, Centre quallftes as small undersedion 383, the strategic report required ofmedium and large wmpanies under the Companres Act 2CQ6 {Strategic Report and Director's Report) Regulations 20131s ￿1 required. POUCIES AND OBJECTIVES Our overall aim was to create a community wherecar&rs oftoday and tomorrow are fully rewnised, valu8d. and support8d and have what they neèd lo stay wéll, In control and feel connected. A carer Is someone, who, wrlhout payment. provides help and support to a partner, child, r8lallve, friend or neighbour. who could not manage without their help. This could be due to age. physical or mental illness, addictlon. or disabilty. Taking on a caring rol8 can mean tscing a life of poverty, isolation, frustration, ill health, and depr8ssion. Many ¢arèrs also work outsid8 the home, tying to Juggle jobs with their Caring responsibilities. A signlflcant number of worklng car8rs are forced to give up their income, future employment prospects and pension rrghts to be￿rne carers. Most carers struggle alone and are unaware that help is available to them. They tell us that a¢¢es$ to infomation, advice, financlal SUPPOT¢ and breaks are vitsl in managing the impact of caring C￿ thelr lives. Our charitable purposes were as set out in the Memorandum and Articles ofAssociation. Our organisation provided benefit 10 th8 publlc wilh the servlces that we offer. STRATEGIES FOR ACHIEVING OBJECTNES During this year, we continued with our 2018-24 strategy. We have referred to the guidance contain&l in the Charity Commission s g8neral guldance on Publ￿ benefit when settlng our strategy and our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set. The Carers, Centre aimed to provide $eThl¢es lo anyon8 who needed th&m in BaNES. Th8 five aims of the Carers. Centre from our 201&24 strategy were keeping carers well: keeping carers connected. keeping c8rers feeNng ri control. creating a carerfriendly community and being here for carers In the l(Mg tem. These have been demonstrated in our perfomiance over the past year and through our diversified fundlng Strateglc Alm 1 Keoplng Carors W•ll: Carors have Improved physl¢al health and m•ntaUomollonal wollboing. Carers eAn becom8 so focused on the health of the person they care for that they neglect thelr own health and well-being. Supportlng carers in staylng physically healthy and malntainlng or Improvlng thelrmental and emotional welkbeing beneffts both the carers and those they care for, 8nabllng ￿rerS to provlde care for a longer period. Strateglc Alm 2 Keoping Carers feeling In Control.. Carers are bètter able to monage the Impact of caring. Carlng can be complex, and carers often struggle lo c(¥)8 wilh their role. Supporting carers in managing the emotlonal and physi¢al impact of their respon8ibilitlés can prevent bumouL 8llowrng them to caro for others while also maintalning their own welkbeing. Strategic Alm 3 Creating a Carer Frfondly Communlty: Poople living in Bath and North East Somorset bètter understand tho rbtsds of local ¢arers. By increasing awareness and understandlrg of local carers. needs, we alm to create a more carer-friendly Community and encourage people to seek help earlier when they bècome carers. Slrategl¢ Aim 4 Kooplng Carers Connected: Carers are b•tter able to hav• a Ilfo alongsldo ¢arlng. Carfng can be very Isolatlng and lonely. Helping ¢arers maintain a Ilfe alongsid8 thelr caring can increase their finan¢lal and emotional resllience, ensuring they continue to find meaning and purpose beyond th6ir role a8 (arers. Strateg1¢ Alm 5 8¢lng Hora for Carers: W• are a sustainabl• organlsation In charge of our own fundlng d•stlny. To make a difference for ¢arers. we ￿ed knowledgeable and Skill￿ staff with high-quality WOTking prathes. Additionally. we must secure funding lo support sustainable and innovatlve approa¢h8S to our woik. Page 1 Bath & North East Somerset Carers. C•ntre Re ort of the TrUst￿S for th¢ Yèar Ended 31 March 2024 THE SERVICE8 AND ACTIVITIE8 PROVIDED MTHIN THESE WERE: Adult Carer Services You gave mo the tools to move kinv8rd° To provide 8UPPOrt for adult and parènt carers includlng planning for em8rgencl68 and indiwdual support plans To provide infonnation and referral on wellbeing. hearth, carers rights, grants, housing. financial, $ocial care. To provlde opportunlli8s for c8reTr to tske a break from their ¢aring role including specific 8¢tlvilies for car8rs supporting those wllh dementia and berèaved carers. To provlde participation advilies through Carers Voice for carers lo have a voice In seNlce and wrder system developments that are Important lo them To undertake OLtlreach activitles to raise awareness ol carers and th6ir needs to h8lp carers -self identify earlier and professionals to recognise carers in thelr work Workforce tralning in carer id8ntlfication Support to the Parent Carer Forum ° I had a wonderful break. I fett free of an￿ety. Young Carer Soryiees 'My son Improved thelrrelatlonship witt) theirsibbing (cared for) and 1$ morg to18renl {be¢ausg of Ihe break). it has also helped Ihe f8mily dynami¢° To provid8 assessmerrt and support for young carers To provide regular group activities for carers assessed as most in nèed To provide breaks a¢¢essibb lo all young carers To work wllh 8chools lo d81iv6ry wellbeing activities for young c8rers and develop good practice In relation to young car8rs To provide an annual schools ¢onf8rence To provlde partlcipatlon activities through the Youth Coundl to hav8 8 voice In-setvlce. Ic¢al and natlonal system ¢Jev8lopm8nts. Work force Iraining "Her confidence has improved. and she knows she has a voic8° Volunteerfn£ hours 2023-24 BaNES Carers Centre h88 been helped by many volunteers. Th8y offer thelr amazlng skllls to help us deliver life- changing Services and they make a huge difference to the local communlty, We would like to tske this opportunity to thank our volunteers who have assisted in a variety of roles. They are a vltal part of our188m. Wellb8ing Volunleer Young Carer Volunteer Commvnlty Volunteer Woodlands garden voluntèer The value of volunteering to the organi$alion below uses lh8 mlnlmum wage for indlvidual volunts6rs, and the average wage of £18.17 per hour for sklll8d employee volunteers. Thls is really an underestimate of the valu& of volunteering to us: but il gives an indic8tive figure. Esllmated hours Value por hour Total value Volunteers to support service delivery Trustee hours 1150 £ 9.50 £10,925.00 381 £18.17 £ 6,559.37 TOTAL £ 17,484.37 Page 2 Bath & North Easl Somers•t Carers. Contr• Ro Ort of thè Trustee8 for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE main objectlves and 8cliviti8s for the year were achieved through four main contracts and additional grants that enabled us to achleve over and above our aims-. The Carers Support Service was ¢ommis8loned by Bath & North East Somersel Councll & North East Somerset Clinical Commissloning Group I Incorporated within the Integrated Care Board from 1 April 2023 and Subcontracted to us by HCRG Care Group. Additional funds were grotefully received from, various trusts and community groups including Hanry Smith and Quartet Communlty Foundation. The Young Carers S8rvice commlssloned by Bath & Noth East Somers81 Couneli ChSldren'8 S8rvices. Additional funds were gratefully received from Barbara Ward Children's Foundation, Carers Trust, Friend5 of Young Carers. Children in The Demenlla Challange Service commlssioned by Bath & North East Somer8el Clinical Commissionlng Group {In¢¢)rporaled wilhln the Integrated Care Board from 1 Aprll 2023 subcontracted by HCRG Care Group to run the Home from Hospital support for carers supporting a loved one with d8menJa. The pa￿nt Carer Facllilalor Projed commissioned ty Bath & North East Somersel Councll Children's SeNic8s. Providlng developmental support to the Parent Carer Forum. Over the past y&ar, of the 5144 reglsl6red adult carers we had 2,090 dlr8cl support interactions. Thls included 255 emergency plannlng Sessions and 205 Individual grant appli¢allons. We also provided infomiation, advice, and referr81s for advocacy, hou$lng support, finance and debt advice, éducatlon and employment opportunitles, soclal care options, emotional support, and ¢arers' health. Additionally, our websile's advlcè arKI support pages recèived 4,914 unique vlews. 89% ofcar6rs reported that they had ￿en supported wlth thelr needs 90% f< empowered lo take the next steps 69% of Ca￿r5 r8POrted feellng better equlpped to ccpe wilh thelr carlng rol& Throughout the year, we offered 144 well-b8ing activities, with a total attendance of 893. We also provld8d 183 in-person, online Carer Cafes. and telephon8 groups, benefiting 146 carers. The on4ine booklng system was used by ovèr 500 carers and the wellbeing activities were downloaded 396 times. Carers Voice mèl monthly offered insights into the dev81opment of FK•spital carer passports. virtual bydrds, the developmeftt of berèavement hubs and th8 BaNES Council Carers Strategy developm6nt. 93% of carBrs reported feeling MO￿ able lo maintain or imFffove their own wellbelng 87 01 Cafftrs reported feeling more conne¢tsd to others 100% of carers who attended an a¢tivlfy reported feeling less lonely or isolated For young carers, we delivered 63 well-being groups attended by 206 young carers, 44 break opportunities attended by 221 young Gar8rs, and 3 family ev8nts. We provided ststutory neèds assessments for 42 young carers, advlsed 54 young ¢arers of their right to an adult assessment, and facilitated the transltion of 43 young carers into adult seNic8s. Out of 859 reglstered young carers, 462 accessed support. A further 210 young ¢arers were supported In schools. 91 % of young carers said Ihey felt happier at the end of an aetivlty 940A of young carers sald they fell less lonely or isolated 100% of young carer8 who attended a wellbelng acflvity said they had a better understandlng of emotional tools they can use. The Carers C8nlre continues lo work wlth schools, providing support to an addillon81210 young carer8 through ￿11-being activities and empowering them to make Posltive Changes in Ihelr school communtties. Additionally, the annual schools conf6ren¢e. led by young carers, brought together teaching staff from 15 sch￿)1$ to share best practices. Supporting young carers In schools remains a kay prlority. The Young Carers Council met wlth local MP Vera Hobhouse and Ed Davies, the leader of th8 Liberal Democrats, to discuss thelr ¢aring roles and the Changes they would fike to See impleménted. They also contributed lo the All-Paty Partiamenlary Group inquiry for Young and Young Adult Carers. both virtually and in parson. Additionally, young car8rs attended the Young Carers Nation81 Voice mèeting in Birmingham. 90¥0 of young ¢arers felt they had achieved positive change 92V• of young c8rers reported feellng empowered 86% of young car8rs reported feeling b8tter understood by th8ir community Page 3 Bath & North East Som Carers. Cantre R8 ort of the Trustèes for the Yoar Endod 31 March 2024 In th8 latter parl of the year, the Dementia Chalbnge seThi¢e obtained the necessary peThi$slons from the NHS and ts now supportlng carers ofthos8 who have been newly diagnosed with dementia. In th& inlerim we supported carers through the Communlty Wellbeing Hub HI￿PItal Discharge S8rvice. A Parent Carer Facllitalor hefped parent carers continue running the Bath P8rent Carers, Voice, ensuring they arè Involved in decisions made by Children's Services that affect their disabled children. In their first year of operating as a CIO. we also provided them bookkeeping support. We have eslablish&d new partnerships and collaborations acros8 public. voluntary, and ¢c*nmunlty sectors. These Indude the Bath, Swindon, a￿1 Wiltshlre Carer Parthership Group. BSW Communities Together, the BaNES Communtywellbeing Hub, and the Rmam Royal Unlted Hospital Digital Discharge SupportSeNice. Additionally, we have pathered with Dorothy House and Why to create Bereavemènt Hubs, and we have introduced a new car6r cafe in collaboration with Bath Abbey. KEY FINANCIAL PERFORMANCE INDICATORS Th8 Trustses have sel Ihemselves the following fin8ncial goals: Key P•rformance Indl¢at*x Maintain an appropriate level of free re88Nes bas8d on the annual stress test. Pay off social investment loan to secure building as an asset. Be finan¢lally suslainable. P•rformance Fre8 reseryes exceeded the appropriate level durfng tha rinancial year. Paid back 8th year of 10-ye8r loan. Deliver a surplus year on year. FUNDRAISING ACTIVMESIINCOME GENERATION Our services were mainly provided through contracts th HCRG Care Group & Bath & North East Somerset Council amounting to £545.674 (2023: £520.636J. We also received £235,22112023: £289,858} from the olher fijndirs sour¢8S. Our lolal income from all $ource$ was £823.786 (2023.. £821.983). Ourtolal expenditure (excluding unrealised losses on investments) on 811 projects amounted to £804,067 (2023.. £933,280). BANKING AND INVESTMENTS Our cash funds are automatically moved behveen CAF Bank Current and ￿}Id ac¢ounts lo ensure there Is a￿ayS mininum of £3,000 In the current account and to maximise the interest eamed on th8 fundlng we receive. Reserves are kept in a mix of high-Int6rest accounts with a maximum of 1004ay notlce. allowing acc8SS to cwr reserves with mlnlmal loss of interest. Trustee$ review investments perlodicalty to ensurè they maximise the financial gains possible. PRINCIPAL FUNDING The Carers, Centre thank our funders: We have had a contract with Bath & North Easl Somerset Coun¢ll and Bath & North East Somerset Clinlcal Commissioning Group (incorporated inlo the BSW Integrated Caffj Board 1 July 2022) through a subrycontracl with HCRG Care Group for adult carers, and through Bath & North East SOme￿et Council for parent carers and young carers. We have also received support from St John's Foundalk)n through a social investrnent loan to purchase our premises. Woodlands. We have received funds from a variety of charitable trusls and foundations that we have recognlsed on page four. Additionally. we extend our gratitude to all the individuals and organisations who donated goods and services, and to those who fundraised on our behalf. RESERVES POLICY As at the balance sheet date the free reseNes held by Ihe Charity (the unrestricted. undesignated ￿ndS not comTh¥tted or Invested in fLxed awaets, or long-term liabilities used to finance them were In Surplus to Ihe amount of £178,801 {2023'. £100,321). Evgry year the Trustees examine the requirement for an appropriate level of res8Nes and review the designated funds, their purpose and amounts In e8ch. This is done in the context of the main rlsks faced by the organlsation", lh8 cuts facing SOGial ￿re and health and the commissioning Intentions which affect any plans forfubjre growth. One of Ihe risks al￿adY identlfied is the dependency on statutory fun(fing to achieve our charitable objectlves. Although thls has been partially addressed in th& sI￿rt term by obtaining lunding for other projects, ￿ still remain vulnerable in the longer lemi to changes in slalutory services, priorities. Based on the latest revlew, the Trustees believe that the current level of free reserves required is betsveen £130,000- £150.OCKI. As a resutt of the posltlve financial outcome for the 2023124 accounflng perlod, the Carers. Centre free reseNes exceed the Trustees wuired thresholds. Page 4 Bath & North East Somersot Carers. C•ntr• Ro ort of thè Trustèe8 for the Yoar Endod 31 March 2024 PRINCIPAL RISKS AND UNCERTAINTIES The principal risks include the need lo ensure that projects ar8 well-funded. planned, managed, and monitored to maintaln our good reputation and Secure future fundlng. In October 2024. the organlsation Is requlred to r8t8nder for thelr main contract. GOING CONCERN Th8 Trustees have evaluated potential income slrategies and targets for the year. The so¢lal Investment loan for Woodlands was ren8gotiated, extending the loan perlod to 2033, and securing a one-year capltal payment holiday. Additionally, wo recruited a D8velopmenl Manager to diverslfy and increas8 our Sncome gen8r81ion activltles. In Octobèr 2024, the organisalion is required to retender for their main contract. Should the organi8ation fall to viin the bid. or the Contract Is awarded al a lower value to their current value, this may have a detrlmenlal impact on the organisatlon operations and cash flows. The trustees continue to investigate opportunitie8 to 8nhance the long-temi sustslnability of the organi8atlon. Consequently, the Trustees have a reasonable expectation that the Carèrs. Centre has adequate ￿$OuT￿ to contlnue its operations for the foreseeable future. Therefore. they continue to adoptthe gcilng concern basls In preparing the finan¢lal stat8ments. Further detai18 regarding this adoption be found in th8 Accounting Policies. FUTURE DEVELOPMENTS The Carers Centre is currently developing its next five-year strategy by listening to carers and consldoring thè BaNES, Swindon and Wlllshire Communitles Together and, BaNES Council's Health and Wellbeing Strategies. We wlll continue to listen to car8rs, Invest in staff and digital tèchnology to build capacity, ensuring we can beller achieve our goals of keeping carers well, connected, and in control. Our aim is lo create a carer-friendly community for the 19,600 carers in BaNES. STrUCTURE, GOVERNANCE AND MANAGEMENT CONSTITUTION The organisatlon 1$ a charitable company limited by guarantse, incorporated on 10 December 1996, and registered as a Charity on 10 January 1997 as the successor organlsation to Wansdyke Volunteer Bureau. The Company Is estsbfished under a Memorandum of Associatlon whl¢h sets out the objects and wwer8 of th8 Charltable Company and Is governod under the Articles of Association. In the event of Ihe Company belng wound up Members are required to contrlbirte an amount not ex¢8eding £10 The 10181 number of guarantors as of 31 March 2024 was 7. ETHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The Directors of th8 Company ar8 also Charfty Trustees for tho purposes of thatity law. New Trustees can b8 COwOPted subject to reappointment at the next AGM. One-thlrd of Trustees rètir8 on rotallon 8t each AGM according to how k>ng th8y have been in office but can be re4ele¢ted rf vacancies still exist. The 8oard seeks to ensure that the need8 of carars ar6 represent8d and reflected in thè Trustee body. There are four people with personal caring experiencè on the Board. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES When the need for new Trustees aris88, Initial advertisem8nts arè wblicised. Prospe¢tlv8 Trustaes recelve infomwtion about the responsiblllti6s of charity Trustees and a profile of the Carers, Centre. Th8y submit a completed appllcatton along with a de¢laration of interest fomi. Followlng this, they attend an Informal discussSon wlth the Chair and Chief Executive and are invil&d to observe 8oard meetlngs. A formal int6rview Is then conducted with th8 Chair and other Trustee. If the Trustees agree for them to proceed, they are co-opted until the next AGM, wh8re the Member8 vote on their reappointrnent. New Trust8•s are provided with an induction pack and are introduced to the guidelines from the Charity Commtssion. Siaff members offer verbal and writt8n reports on services and dev61opments, and Trustees are encouraged to attend activilies provlded by the Carers, Centre. Twstees ￿llaborate with staff on the Finance Sub-Group, Peopl8 Sub-Group, and SeNl¢e ProvSsion Sub-Group. The Carers. Centre continually seeks to improve the Inductlon proces5 and provide better access to ongolng tralnlng and dgvelopment, enabllng and empowerfng Trusteas to offecllvely carry out thelr rol8S. PAY POLICY FOR SENIOR STAFF The Trustees have set pay levels across th8 organisation based on roles. The CEO pay grade is level 1 and the Senior Managerfs pay grade Is level 2. The Senior Management Team must have a L8vel 5 QuallfiGation or abovè, appropriate experien¢e or relevant exparienc6 or willlngness to galn a relevant quallfication. The Trustee$ review all pay annually. consldering. local pay awards, cost of living and the size and income ofthe Carers, Contre. For futhèr information, contsct th6 Carers, Centre. Page 5 th & North East Somerset Carers. C8ntr8 Re ort of th• Trustees for the Y•ar Ended 31 March 2024 ORGANISATIONAL STRUCTURE AND DE¢L￿ON MAKING At the date of Ihis réport therè are seven Trustee$ from a varlety of backgrounds. Five full Board meetings were held last year Including the AGM and fyvo additional subject specific meetlngs Each Sub GTr￿p mét quarterfy. Day-towday responsiblllty for ser4lce provi$lon rested wlth the Carers, Cenlre Chief Executive. the Senlor Servlces Manager, and the Operalions Manager. Thè Chief Ex8CJJtive had overall responsibillty for ensuring high-quallty services were délivered, performance targets wer& met. supervision and training of staff and volunteers and the managèment of the premlses. At the end of the year there were 19 part-time staff, four full-time staff and 64 volunteers. Volunteers contlnued to provide practical h8lp through brèaks, cafes and in maintaining the garden at Woodlands. RELATED PARTY RELATIONSHIPS In so faras it 1$ complementary to the Charity's objects. the Charfty was gulded by both local and natlonal policy. Supporting Adult Carers NICE Guidance provided a framework for developlng support servi￿9 for carers across the country. Government legislation inchjdlng the Care Act 2014 updated with the Health and Care A¢t 2022. tha ChlhJr8n and Families Act 2014 and the (Equal Opportunltles) Act of 2004 wovided th8 legal framework and guidance on Carers Rights which the Carers, Centre seeks to implement wtth local slatutory and voluntary sector partners. The Carers C8ntre works wilh thè BSW Integrated Care Boards and BaNES Council to develop processes and systems of health care delivery that recognise$ the nèeds of ￿rers. RISK MANAGEMENT The Board impl8ments a continual process of organisational rlsk assessment. The dsk register Is reviewed regularly by the Senior Leadership Team and presented quarterly to the Board. When new risks ar8 identlfied, actions are tsken to mitigate them as much as posslblé. The 2018-24 Strategic Plan has béen developed input from ¢arers, stsff Trustees, and volunteers. The Plan addresses known ￿sk$, induding the need to ensure Ihat projeds are well-funded, planned. manag8d, and monitored lo maintain our good reputation and socure future funding. Financial procedures are MonIt￿ed by the FInan￿ Sub-Group, and int8mal c(mtrols minimize risks Ihrough the Implemenlation of authorisation procedures for all transactlons and projects. This Is assured by an annual Intemal audit. Additionally. wo¢edures are in placé to ensure compliance with health and safety fegulallons for staff, volunteers, clents, and visitors to the Carers, CeTrtre premises or those partictpating in Carers, Centre activities. MEMBERS, LIABILrrY Members of the Charlty gu8rantee to contribute an amount not exceeding £10 to th8 assets of the Charfty in the evenl of wlndirv3 up. The total number of such guarantees as of 31 March 2024 was 7. The Trust88s have no beneficial interest in the Charlty. REFERENCE AND ADMINISTRATIVE DETAILS R•glster•d Company number 03289938 (Eroland 8nd Wal•s) Reglstered Charlty number 1060080 Registered office The Carers Centre The Woodlands Lower Bristol Road BATH Somers&t BA2 9ES Trustées C Bcffie K Burfitt- retlred 17 December 2023 J Hole B J Hulme K Littlewc*)d - Treasurer (from 2022) F Mowatt- Chair P J R Richards J Theed- Vice Chair (from 2021 > Page 6 Bath & North E st Somorset Carers, C•ntr¢ rt of the Trustees for the Year Ended 31 March 2024 Independent Examiner Monahans Chartered Accountants County Gate County Way Trowbridge Wlllshire BA14 7FJ Patron Edward Bayntun-coward Bank8rs CAF Bank 25 Kings Hill Avenue lfjngs Hill West Matling Kent ME194JQ 2610912024 Report of ihe Trustee$ approved by order of the Board of Truslees cffl ........................... and signed on its b8half by: tt- Chair of Tn￿teeS Page 7 Ind• endent Examine￿5 Re ort to tho Trustees of Bath & North East Som8rsot Carers. Contre Independent examlnorfs report to tho trustees of Bath & North East Somer8et Carers. Centre {'the Company? I report to the ch8rity trustses on my examlnatron of the accounts of the Company for the year ended 31 Marth 2024. Rosponsibllttles and basis of roport As the charivs trustees of the Company (and also its direGtors for the purposes of c¢)mpany law) you are responsible for the preparation of the accounts in a¢¢ordance with the requirements of the Companies Act 2006 (Yhe 20C6 Ad,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 21K)6 Act and are eligible for independent examination. I report in respect of my examination of your charivs a¢￿Unts as carried out under Section 145 of the Charities Act 2011 ￿he 2011 ACY). In canying out my examination I have followed the Directions given by the Charity Commission under Section 145{5) (b) of the 2011 ACL Indeptndent examlnorfs statemènt sin￿ your charivs gross income exceeded £250,000 y¢)ur examiner must be a member of a Irsted body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I heve completed my examination. I conflrm that no matters have come to my attention In Connection with the examination glvtng me ￿uSe lo believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act,. or the accounts do nol accord with thcBe reGords' or the accounts do not comply with the accounllng requirements of Section Y36 of the 2006 Act other than ￿Y requirement that the ac¢ounts give a Irue and fairvlew which is not a matter considered as part of an independent exarnination. or the a¢¢ounts have not b88n prepared In accordance wrth the methods and principles of the Statement of Recommended Practice for accounting and reporttng by charities {applicable to ¢harltles preparing their accounts in accordance with the Financtal Reportlng Standard applicable in the UK and Republi¢ of Ireland {FRS 102)}. I have no concerns have come a¢ross no other matters in connection with the examination to which attentlon should be drawn In thls report in order to enable 8 proper understanding of the a￿OUnts to be reached. James Gare FCA DChA Monahans Chartered Accountsnts County Gate County Way TrDwbridge Wiltshire BA14 7FJ 04 October 2024 Page 8 Bath & North East Som•rset Carers. Cenlro Statèmènt ot Flnan¢ial Activities oralln an In¢ome and Ex nditure Account for the Year Ended 31 March 2024 Inco 2024 Totsl funds 2023 Total funds Unrestrlcted funds Restrlcted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 31,036 31,036 20.616 Charitable actlvlll•$ Wellbeing Connection Control Frlendly 132,497 12g,167 140,757 145.084 51,926 3,000 135.374 43,090 184.423 132,167 276,131 188.174 239,775 103,095 189,897 257.727 Other tradlng actlvities Investment income 2,176 7,107 2,572 4,748 6.648 Total 587,824 235,962 EXPENDITURE ON Raising funds 9.088 9.088 15,023 Charltable a¢llvitiès Wellbeing Connectic Control Friendly Support costs 95,094 96,185 163,795 175,839 81,594 11,103 130,019 41,350 176,688 107,288 293,814 217,189 169,322 111,192 254.128 372.597 1,350 othar Total 540,001 804.067 933,820 Net gain81{los$es) on investments 39) 39} NET INCOMEI{EXPENDITURE) Transfers between funds 47,784 438 {28,104) 19,680 (116,461) Not movement In lunds 48,222 (28.5421 19,680 {116,461) RECONCILIATION OF FUNDS Total funds brought forward 444,930 99,330 544,260 660,721 TOTAL FUNDS CARRIED FORWARD 493,152 70,788 563,940 544260 The notes form part of these financial statements Page 9 Bath & North East Somerset Carers. Centre Re istered number.. 03289938 Balance Sheet 31 March 2024 2024 2023 Notes FIXED ASSErs Intanglble assets Tangible assets Investmènts 14 15 16 10,208 372.660 63,026 20,416 381,198 63.065 445.894 464,679 CURRENT ASSETS Debtors Cash at bank and in hand 17 12,924 231,037 8,887 234,962 243,961 243.849 CREDrroRS Amounts fairing due wrthin one year 18 (59,330) {107.263) NEf CURRENT ASSETS 184.631 136 586 TOTAL ASSETS LESS CURRENT LIABILITIE8 630,525 601,265 CREDITORS Amounts falling due after more than on8 y8ar 19 (86.585) {57.005) NEf ASSETS 563,940 FUNDS Unrestricted funds Restricted funds 493,152 70,788 444,930 TOTAL FUNDS 563.940 544,260 The charitabl8 company Is entitled to exemption from audlt under Sedlon 477 of the Companies Act 2006 for the year ended 31 March 2024. The member5 have not r8quir8d the company to obtsin an audit of Its financial slat8m8nts for the year ended 31 March 2024 In accordance wlth Sèction 476 of Companies Act 2006. The trustses acknowledge their responsibilllies for {a} ensuring that the charitable company keeps accounting records thal comply with Sacts'ons 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and f8ir view of the State of affairs of the charitable company as at the end of each financlal year and of its surplus or deficll for 88ch flnancial year in aG￿rdance wilh th8 requirements of Sections 394 and 395 and which othenvise comply with thè requirements of the Companies Act 2c￿8 reladng to finan¢i81 stat8m8nts. so far as appli¢able to the charr18ble company. (b) The notes foTh part of Ihese financial statements Page 10 continued... Bath & North East Somerset Carers. Cèntre Rè istered numb•r: 03289938 Balance Shéet- continued 31 March 2024 These financial statements have been prepared In accordance with the provisions appli￿ble to charitable companies subject to the small companies, regime. 2610912024 The financlal statements wereapproved by the Board of Trustees and authorlséd forlssue on.... ....................-................... and were signed on its behalf by: wat- Trustee K Littlewood - Trust8e The notss form part of thes8 financial statsmgnts Page 11 Bath & North East Somersel Carers. Centro Cash Flow Statement for the Year End•d 31 March 2024 2024 2023 Notes Cash flows from operating a¢tlviti•s Cash generated from operations 67 173) Net cash provided byl(used in) operatlng activities 67.173} Cash flows from investing actlvities Purchase of intangible fixed assets Purchase of tangible flxed assets Interest received Dividends received {30,624) {4.1911 2,029 2,196 {1,8841 4,356 Net cash provided byllused in) investing activities Cash flows from financlng a¢tlviti•s Loan Interest paid In the year Capital repayM8nts in year (4,5391 32.558 22,569 Net ¢ash used in financing activities 22.569) 37 097) Change In cash and cash equivalonts in the reporting period Cash and Cash equlvalonts at the boginnlng of the reportlng ￿riod (3,925) (134,860) 234,962 369,822 Cash and ¢ash equivalonts at the end of tho reportlng period 231 037 The notes form part of thes6 financial statements Page 12 Bath & North East Somors•t Carers. Centro Nolos to the Cash Flow Slatomenl for Ihe Year Ended 31 March 2024 RECONCILIATION OF NEf INCOMEI(EXPENDrruRE) TO NET CASH FLOW FROM OPERATING ACTMnES 2024 2023 Net incomol{exp8nditure) for tho roportlng pèriod (as por the ststement of Financlal A¢tlvlti05) Adjustments for: D&pre¢iatKJn charges Los$6s ¢)n inv￿tments Interest ￿ceiVed Dividends received Finance costs (Incr8aseydecraase in debtors IDecreas8)Iin¢rease in ¢￿dI 19,680 {116,461} 20,629 39 (4.356) {2,751 > 24,439 4,624 12,029} (2,196) 4,539 1,539 18,372 {4,037) 15.783 Net cash provlded byl(u$•d In) operatlon5 13,421 67,173) ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash Ilow At 31.3.24 Net ¢ash Cash at bank and In hand 234,962 231,037 Dobt Debts falllng due within 1 year Debts falling du6 after 1 year {34,082) 32.150 9.580 (1,932) 22,570 68,517 Totsl 143,875 18.645 162.520 The notes forni part of these fin8ndal statemènts Page 13 Bath & North East Somerset Carors. Centr• Notes to the Finan¢lal Statèments for the Year End•d 31 March 2024 ACCOU14TING POLICIES Basls of preparlng the Ilnan¢ial statements The financial ststements 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 Reporttng by Charrties: Statement of Recommended Practice applicable to charities preparFng their accounts in accordance with the Financial Reporting standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting standard 102 The Financial Reporting Standard applicable in the UK and RepUb￿C of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historThl cost conventb)n, with the exception of investments which are induded at market value. as modified by the revaluation of certain assets. Bath & North East Somerset Carers Centre meels the defintLion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical ￿8t or transaction value unless otherwise stated in the relevant acix)unting policy. Going concem In October 2024, the organisation ts rwuired to retender fortheir main contract. Should the organrsatton fail to win the bid, or the contract is awarded at a lower value lo their cuThent value, this may have a detrimenlal impact on the organisation s operations and cash Ilows. The trustees continue to investigate opportunities to enhance the long-term sustainability of the organisation. During the year, the social investment loan for Woodlands was renegotiated. extending the loan period to 2033, and securing a one-year c8Pital payment holiday. After making appropriate enquiries, the board oftrust8es has a reasonable expectation thatthe charitable company has adequate reSou￿e$ to continue In operational existence for the foreseeable future. For thi8 reason. it¢ontinues to adopt the going concern basis in preparing the financial statements. Legal status of the Charity and Statutory Inforniation The ¢haTity is a Company limtted by guarantee. Incorporaled in England and Wal8s, and has no shar8 capital. In the event of thè charfty bèing wound up, the liability'ln respect of the guarantee is Ilmited to £10 per member of the charlly. The regisler8d offi¢8 address, nature of the charlty's opprallons and prlncipal actlvltlès can bo found in the TTuslees' Report. In¢ome All irtcome is recognised in th6 Statement of Financial Activill8s once the charity has entitlement to the fvnds, it Is probable that the income will be received. and the amount can b& measured reliably. Donated sèrvices or facililies are recognised when the company has control ¢)ver the item, any conditions associated with thè donated rtem have been mèt, the receipt of economic benefit from the use of the company of the item is probable and that economlc benefit ¢an be measurèd reliably. In ￿ance with the Charities SORP (FRS 102), general volunteer tlme is not recognised. On receipt, donabj professlonal sepAces and donated faciliti8s are re¢ogni$ed on the basls ￿ the valu8 of the gift to the company whith is the amount the company wwld have been willing to pay to obtain services or faciltties of equNalent economic benefrt on Ihe open market. a wrresponding amount is then recognised in expenditure in the period of receipt. Income recoverable in relation to donations received under Grft Aid or deeds of covenant is recognised at the time of the donatron. Expendllure Liabilities are recogni￿] as expenditure as s￿n as there is a legal or constructive obligation committing the charity to that expendiiure, it Is probable that a transfer of economic beneffts will be wuired in settlement and the am￿nt of the obligation can be measured reliably. Expenditure is accounted for on an accruals basrs and has been classffied under headings that aggregate 811 cost related to the ¢ategory. Where costs cannot be directly attributed to parttcular headings, they have been allocated to adwities on a basis Consistent with the use of resources. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred direcuy In support of expenditure on the objects of the company and include project management caffied out. Govemance ¢osts are those incurr8d in ¢onnedion wilh administration of the company and compliance wlth constitutional and stotutory requirernents. Page 14 Continugd... Bath & N rth East Somerset Carers. Cantr• Notss to th8 Flnanclal Statsments - conllnuod for tho Yoar Ended 31 March 2024 ACCOUNTINO POLICIES . continued Expendlture Costs of generating fvnds are costs Incurred in attracting voluntary income, and those Incurred in Iradlng actlvlties that r8ise funds. Charitable activities and Govemanr* costs are costs incurre(l on the ¢ompany's operations, in¢I￿ling sUPWt costs and costs relallng to the govemance of the company apportK>ned lo ¢haritable activities. Intangible assets Intan9lble assets are initially m8asured at cost. After Inltlal recognition, intanglble assets are measured at cosl l&ss any accumulated amortisatlon and any accumulated Impairment Ioss8S. Tangible ftxod assets All a$s8ts costlng more than £250 are ¢apilalised. A review for impaimienl of a fixed asset is carried out rf events or changes in circumstances indlcate that the carrying value of any fixed assel may not be recoverable. Shortralls be￿een the carrying value of fixed assets and their recover8ble amounts are recogni$ed as impalmients. Impaimienl lossès are recognlsed in the Ststement of financial a¢tivitie8 incorporallng income and expendlture account. Tangible fixed assets are carried at cost, net of depre¢Jatlon and any provision for impairment. Depreclation is provided at rates calculated to wrlle off the cost of fixed assets, less their estlmated residu81 valu8. over their expected useful lives on the following bases: Freehold propety Office equipment Woodland gard&n equipment 50 years straight line 25 /0 reduclng balance 250h reducing balance Land is not depreciated. Taxallon The charity is exempt from corporation tax on Its charilable adlvlti8S. Fund accounting Unrestricted funds can be used in accordance wlth the charitable objecllves at the discretion of th& trustees. Restri¢t6d fvnds can only b& used for particular restrlcted wrposes within the objects of the charity. ReSt[￿tIonS arlse when spe¢ified by the donor or when fvnds arè ralsed for parlicular restricted purposes. Further explanatlon of the nature and purFose of each fvnd b Included in the notes to the financial statements. Flnancial Instruments The company only ha$ financial assets and financial liabilities of a kind that qualify as basic financial instrumenls. Baslc financial inslruments are inttially recognised at transaction value and subsequently measured at their $8tt1ement value with the exception of bank k)ans whl¢h are subsequently measured at amortised cost using the effactive Interèst method. P•nslon costs The chaiilable company operates a defined conlribution pension ￿heMe. Contributions payable lo the charitable mpany's pension scheme are charged to the Statement of Financial Activilies in the period to which ihey relale. The charity operates a defined contrTbution ￿nSIon scheme, and the penslon charge represents the amounts payable by the company to the fund in respect of th8 year. Page 15 continued... B*h&N h East Somorset Carers. Contre Notes to th• Financlal Slatemonts - ¢¢)ntlnued for tho Year Ended 31 March 2024 DONATIONS AND LEGACIES 2024 2023 Donations Grants Donated services and facilities 19.156 4.750 7,130 14,594 4,100 1,922 Grants received. included in th8 above, are as follows". 2024 2023 Bath UnN8rsty 4.750 4,100 OTHER TRADING ACTIVITIES 2024 2023 Room Hire Projèct Admlnislralion Fees 673 4,075 1,400 INVESTMENT INCOME 2024 2023 Dividend income Deposit account interest 2,751 4.356 2,196 4.225 INCOME FROM CHARITABLE ACTivrriES Wellbeing Connection Control BANES Local Authorrty: contracts Grants 114.118 70,305 80.697 51.470 189.464 86.667 184,423 132.167 276.131 2024 Total activities 2023 Totsl actrvitres Frlendly BANES Local Authorlty." contracts Grants 161,395 545.674 520.636 269,858 188,174 780,895 790.494 Page 16 contlnuod... Bath & North East Somèrse Carors. Cènlre Noto$ to the Flnancial Statom•nts - contlnuod for the Year Ended 31 Mareh 2024 RAISINO FUNDS Ralslng donatlons and lega¢los 2024 2023 Exlemal fundralser Fundralsing Expenses 8,400 688 14,094 929 9.088 15,023 CHARITABLE ACTIVITIES COSTS Dir8Ct Costs {se8 note 81 Support costs (see note 9} Totals Wellbeing Connection Control Friendly 131,019 83,937 233.224 45,669 23,351 60,590 176,688 107,288 293,814 217,189 616465 178,514 794,979 DIRECT COSTS OF CHARITABLE ACnVITIES 2024 2023 Staff costs Trav81 and Subsislen Carers Expenses Volunteer Expenses 537,980 1,291 76,378 816 617,794 972 47,955 2,706 616,465 669.427 Carer expenses in¢lLtde £27,644 (2023". £8.314) of grants made lo individuals. SUPPORT COSTS Govemance costs Manag8m8nt Totals Wellbeing Connection Control Friendly 44,332 22.348 58,250 46,898 1,337 1,003 2,340 2,006 45,669 23,351 60,590 48,904 171,828 178.514 Support costs, Inciuded in the above. are as follows: Wèllbeing Connection Control Prémises Costs Rent and Rates Postage and ststionery Promotional Expènses Computer Costs Bank Charge5 and Interest Telephone Other staff costs Irrecoverable VAT utilitie$ Offic8 Expenses 5,103 456 2,920 11,521 666 829 1.941 3.218 7,410 1,002 3,883 3,551 342 2.394 1.145 3.385 622 1.455 2,413 8.180 798 5,110 9.353 7,900 1.452 3,396 5,630 750 1.750 Carrfed forwar(I 38,949 16,057 43,569 Page 17 continued... Bath & North East Somorset Carnrs. Centr• Notes to th• Flnanclal Stalomènts - contlnued for th• Yèar Ended 31 March 2024 SUPPORT COST8 . continued Wellbelng Connection Control Brought forward Subscripuons and PublirAlions Professional F88S Payroll Administration Insuran¢e Depreciation of tangibl8 and heritage assets Independent Examination 38,949 1,394 624 142 1,504 1.719 16,057 1.045 467 43.569 2,439 1.092 247 2,630 8,273 1,127 3.546 23,351 60.5 2024 Total activities 2023 Total activities Frfendly Premises Costs Rent and Rates Postage and stationery Promotional Expenses Computer Costs Bank Charges and Interest Telephonè 'Oth8r staff costs Irre¢overable VAT Utilities Office Expen8 Subscriptions 8nd Publications Professional Fees Payroll Adminislratlon Insurance Depreclatlon of tangible and heritage assets Indep•ndenl Examlnalon 6,353 684 4,381 5,559 6,857 1,243 2,911 4,826 23.187 2,280 14,805 27,578 18,808 4,146 9,703 16.087 7,410 5,003 3,883 6,968 3.118 707 7,516 20,629 6,686 15,496 1,971 19,318 32,057 78,077 4,711 10,650 13.377 7,391 4,223 1,501 2,090 935 212 2,255 7,091 2.006 5.470 20,813 581 5,672 14,231 178,514 239 162 10. NET INCOMEI{EXPENDITURE) Net I￿orne1{6xpenditUre) is ststed after chargingl{crediting): 2024 2023 Depreciation - owned ass8ts Computer SO￿are amortisation IndepeThlenl examlnalion 10,422 10,208 2,700 14,231 10,208 2,400 11. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees. remuneration or other ben8fits for the year &nded 31 March 2024 nor for the year ended 31 March 2023. TrustOeS' oxpon$•s No trustse expenses were paid for the year ended 31 March 2024 {2023: £nil}. Page 18 continued... Bath & North East Somerset Carers. Centre Notes to the Financial Stateménls - contlnuod for th¢ Year Ended 31 March 2024 12. STAFF COSTS 2024 2023 Wages and salarles Social security costs Other pension costs 478,345 37.694 21,941 547,892 43,880 537,980 617.794 The average monthly number of employeeg during the year was as follows: Employees 2024 21 2023 25 No employee received ￿MUneratIon amounting to more than £60.000 in either year. The average monthly number of employees calculated on a fu114ime equiwdlent basis was 14 {2023 .17). The key management personnel of the charity comprise the Chief Executive Officer, the Deputy Chief Exeujtive OfF￿er. the Senior Services Manager. and the Senior Development Manager. The total employee benefits of the key management personnel of the charity were £166,638 (2023 . £146.988). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES Unrestricted funds 13. Restricted funds Totsl INCOME AND ENDOIVMENTS FROM Donatic￿$ and ￿gaCleS 20.616 20,616 Charitable a¢tlvllles Wellbeing Connection Control Friendly 104,327 78.095 178,169 156,191 135,448 25,000 11,728 101,536 239,775 103.095 189.897 257.727 Other trading activities Investment income 6,529 119 6,648 Total 273 831 821983 EXPENDITURE ON Raising funds 15,023 15.023 Charltable actlvitios Wellbeing Connecuon Control Friendly Support costs 86.089 89,922 242,400 179.887 83.233 21,270 11,728 192.710 1.350 189,322 111.192 254,128 372.597 1.350 Other 10.208 10.208 Total 623.529 310.291 933,820 Net gainsl{losses) on investments NEf INCOMEI(EXPENDITURE) Transfe￿ between fund8 (80,001) 60.229 {36.460) {116A61) Net movement In funds RECONCILIATION OF FUNDS Total funds brought forward (19.772) (96,689) (116,461) 464.702 196.019 660,721 TOTAL FUND8 CARRIED FORWARD 444,930 Page 19 Continued... Bath & North East Somors•t Caror8' Centre Notes to the Flnanelal Statemonts - contlnuod for th• Year Ended 31 March 2024 14. INTANGIBLE FIXED ASSETS Computer softwa COST At 1 April 2023 and 31 Mareh 2024 30,624 AMORTISATION Al 1 April 2023 Charge ft)r year 10,208 At 31 March 2024 20,416 NEf BOOK VALUE At 31 March 2024 10,208 At 31 March 2023 20,416 15. TANGIBLE FIXED ASSErs Woodkqnds gard8n equlpm8nt Freehokl propety Office equiprn8nt Totsls COST At 1 Aprfl 2023 Additions 433,396 84,880 1.884 8,996 527,272 At 31 Marth 2024 529.1 DEPRECIATION At 1 April 2023 Charge for year 69,344 69,632 4,169 7,098 474 146,074 10,422 At 31 March 2024 75,123 73,801 7,572 156,496 NEf BOOK VALUE Al 31 March 2024 358 273 1,424 372,660 At 31 Ma￿h 2023 364.052 381.198 Included in cost or valuation of land and buildings Is freehokl land of £160,000 which is not depr8¢iated. Page 20 ¢onllnued... h & North East Somorsèt Carors. Centro Notes to the Flnanclal Statèm•nt8 - continued for the Year Endod 31 March 2024 16. FIXED ASSEf INVESTMEMrs Listed Investments MARKEf VALUE At 1 April 2023 Revaluations 63.065 39) At 31 March 2024 63,026 NEf BOOKVALUE At 31 March 2024 63,026 At 31 Mar¢h 2023 There were no invèstment ass8ts outs5de the UK. Listed investrn8nts are represented by M&G Charibond and M&G Charifund and are valued al the markel value at the balance sheet date. Gains and losses on inveslments are taken lo the Ststement of FinanGial Activities. Cost or valuation al 31 Ma￿h 2024 is represented by: Listed invesknents Valuation in 2024 63.026 17. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments and accrued incx)me 5.218 7.706 2,307 6.580 12.924 8.887 18. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Oth8r loans {sèé notè 20) Trade creditors Soclal securfty and other tsxes Other credltors Awuals and deferred in¢om8 1.932 17.821 18.548 2.830 18.199 34,082 37,488 25.148 10.545 107 263 Page 21 continued... Bath & North East Somerset Carèrs. Contro Notes to the Flnanelal Statemenls - contlnuod for the Year Ended 31 March 2024 CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2024 2023 other loans (see note 20) 66,585 57,005 LOANS An analy818 of the maturity of loans 15 given b8k)w- 2024 2023 Amounts falling due wthin one year on demand: other loans 1,932 34,082 Amounts falling between one and two years: Other loans - 1-2 years 5,550 Amounts falling due between tsvo and five years: Other loans- 2-5 years 19,570 Amounts falling due in more than five years: Repayable by instalmenls.. Other loans more 5yrs instsl 41,465 The above loan faclllty was provlded In 2015, in relation io the purchas8 of the prop8rty known as Wc*)dlands. Interest is variable al 2.75¥0 above Bank of ENJland base rate. During the year, the 108n w8s renegotiated, extending the loan period to 2033. and securing a one-year capital payment holiday. In relation to the above loan, a first legal charge is registered over the freehold of the propety Woodlands. Lower Bristol Road, Bath. 21. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Total funds Unrestricted funds R8Stricted funds Fixed assets Investments Current assets Current liabilib'es Long term liabilities 382,868 63,026 173,173 (59,3301 382,868 63,026 243,961 {59,3301 66.5851 401.614 63.065 243.849 {107.2631 57.005) 70,788 493 152 563,940 544,260 Page 22 ¢ontinued... Bath & North East Somors•t Carers. C•ntr• Notss to tho Flnancial Statements - continuad for the Year Ended 31 March 2024 MOVEMENT IN FUNDS Net movement in funds Transfers be￿en funds At 1.4.23 31.3.24 Unrestricted funds General fund Fixed asset fund 100,321 344,609 47.784 30.696 30.258) 178.801 314.351 444,930 47.784 438 493,152 Ro$trl¢ted fundg Children in Need Elmgrant Trust Anonymous Frlends of Young Carers Jules Thorn Charltablo Trust PCAH Quartet- Bath Half Fund St Johns Foundation l Bath Phllhamonia The Spwring Charity BANES Community Interest Levy Contain Outbreak Management Fund Henry Smith Charity Hospital Saturday Fund Morrisons Foundation Quartet Resilience Fund Banes PCF Barbara Ward Children's Foundation Bath Spa University Garfield West Skipton YC Quartet Express 15.985 431 2.879 (6,277} 9.708 431 2.879 135 3,230 (321 490 (1) 135 1,599 (32} 490 {3.664) {2,0631 (15.156) {38,007) 10,732 (713) (4.839) 11.325) 1.398 5.0 {1691 21.276 283 1,631 3,663 2,063 25,000 37,545 3,689 713 9.844 {462) 14.421 (339) (1251 1.429 5.000 (169) 21,276 283 2,790 1,200 31 28,1fy1 438 TOTAL FUNDS 544.260 19,680 563,940 Page 23 continued... Bath & North East Somerset Carnrs. C•ntr• Notes to the Flnanclal Statements - continued for the Year Ended 31 March 2024 22. MOVEMENT IN FUNDS - continued Net movement In funds. Included in the above are as follows: In¢omlng Resources 8XP8nd8d Gains and losses Movement in funds Unrestrlcted fund$ General fund 587,824 (540,001) (39) 47,784 Rostrf¢t8d funds Chiklren in Need D'oyty C8rte Charitable Trust Friends of Young Carers Carers Trust Grants for Carers Jules Thorn Charitablè Trust PCAH Quartet- Bath Half Fund st Johns Foundation l Bath Philhamionia St Monica's Trusl The Sperring Charity BANES Community Interest Levy Contain Outbreak Management Fund Henry Smith Charity Hospital Saturday Fund Morrlsons Foundatlon Quartet ResIller￿ Fund Banes PCF Arts SoGi8ty Banes PCF- PriorFIy Barbara Ward Children's Foundalion Bath Spa Universtty Garfield Weston Household Support Fund Grants for Carers Skipton TNLF Resillenc YC Quartet Express 18,548 3,000 13,744 9.300 124,825} (3.000} 113,609) (9.300) (1.401) (1.201) 1510) 13,664) {495) {2,063) {15.1561 {38,0071 (36,768) (713) (4.839) (1,325) (17,955) {1,650) (7,761) (5,000) (169) (3,724} (25,000) 11.931) (42,405) 1.595) {6.277) 135 1,599 (32) 490 (3,6641 1,169 1.000 495 (2,063) {15,156) {38,007) 10,732 (713) {4,839} (1.325) 1.398 47,500 19.353 1,650 7,761 10,000 25,000 25,000 2,214 42,405 21,276 283 3.228 235.962 264,066 TOTAL FUNDS 823,786 804,0671 39) 19,680 Page 24 continued... Bath & North East Somerset Carers. Centro Notes to tho Flnanclal Statements - Contlnued for the Year Ended 31 March 2024 22. MOVEMENT IN FUNDS- ¢ontinued Comparatives for movement In funds Net movement in funds Transfers between funds Al 31.3.23 At 1.4.22 Unrostrf¢tod funds General fund Fixed asset fund Covid Resourcing Fund 130,204 300,341 34.157 {45,844) 15,961 44.268 100.321 344.609 34,1571 464.702 {80,001 } 60,229 444.930 Restricted funds Adamson Trust Alpkit Foundation Bath & West Community Energy Fund Carers Trust Respite & Support Development Children in Need D'oyly Carte Charitable Trust Elmgrant Trust Anonymous Friends of Young Carers Jule8 Thom Charitable Trust Keynsham Town Counc51 Omicron Quartet Community Foundation St Johns Foundation l Bath Philharmonia The Soclety of Merchant Venturers The National Lottery Awards for All 2020 The Natlonal Lottery Olgltal Fund The Sperrlng Charity Wessex Water Fund Anonymous Charltable Trust Workl Herit8ge Arts Council Jubilee BANES Community Inlere$l Levy Contsin Outbreak Managemènt Fund Henry Smith Charfty Hospttal Saturday Fund orrlsons Foundation Quartet Community Wellness Fund Quartet Resilience Fund Screwfix Foundation Banes PCF 450 160 2.806 (450> {160) (2.505) {3011 3,932 (2,902) 15,985 (3,3551 431 (2,2171 (237} 1,631 45 11,3501 276 (4,0451 273 12,0211 (111,0061 2,063 (682) 422 (1421 150 25,000 37,545 3.689 713 4,500 90 1,200 118 31 {1,030) 15.985 3.805 (450) 431 2.879 5.096 237 1,631 {45} (2,500} (276) 3,850 7,708 3,663 1273) 1779) (51,633} 2,800 162,639 2,063 1,837 11,155) 1422) (794) {150) 936 25.000 37,545 3,689 713 190) 1200 {1181 31 196.019 36,460 60,229 99,330 TOTAL FUNDS 660,721 116.4611 544.260 Page 25 continued... Bath & North East Somersel Carers. Centr• Notos to the Flnanclal Statements - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS - continued Comparatlve r*t movement In funds. induded in the above are as follows.. Incomlng resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund Covid Resourcing Fund 548.152 {589,372) 34.157) {4,624) {45.844} 34.1571 548.152 (623.529) (4.6241 {80.001) Restricted funds Alpkit Foundation Bath & West Community Energy Fund Carers Trust Respite & Support Development Children in Need D'oyly Carte Charitable Trust Elmgrant Trust A￿nYmouS Friends of Young Carers Carers Tnjst Grants for Carers Jules Thorn Charitable Trust Keynsham Town Council Omicron (160} (2.505} (160) (2.505) (2.902) {5.295) (3.355} {2.9021 15,985 (3,3551 431 (2,217) (237) 21,280 431 5,000 13,572 7,674 2,500 (7.2171 {13.809) (7,674) {869) 45 (1.350) {4.054) {4,7241 (4,045> 273 (2,0211 (184,461) 1,631 45 (1,350) PCAH Quartet Community Foundation St Johns Foundation / Bath Philhgmionia The Society of Merchanl Venturers The National Lottery Awards for All 2020 The National Lottery Digital Fund The Sperring Charity Tula Trust Wessex Water Fund Anonymous Charitable Trust Wix Trust World H￿1t￿Je Arts Council Jubilee Barbara Ward Children's Foundation BANES Community Interest Levy Contain Outbreak Management Fund Henry Smith Charity Hospital Saturday Fund Medlock Charitable Trust Morrisons Foundalion Quartet Community Wellness Fund Quartet ResHience Fund Screwfix Foundation Banes PCF 4,054 5,000 276 14,045) 273 {2,021) (111,006) 2,063 73.455 2.063 2.000 {2,000) {682) {1,078) (200) (142) (9,850} (5.CQO) (682) 422 1.500 21JO 1142) 150 10.000 5,000 25.000 38,319 25,000 1,870 10,000 4.500 25,000 37.545 3,689 713 (774) (21,311) {1.157} {10,000) {1.9041 (8.600) (3.382) 88) 9.800 3,500 119 1.200 118 31 273.831 310,291 TOTAL FUNDS 821.983 933 820) 116,461 } Designated funds: Flx•d asset fund: represents the value of Ihe charlty's tangible and intsngible fvnctional ￿ed assets. less any n￿terrn Eoans financing them. Covld Recovery: related to supwrting carers In the post paThJemic peric￿. Reslrlcled funds: Restricted funds were for the following purposes.. Page 26 continued... Bath & North East Somerset Carers. Centre Notes to th• Flnanclal Statoments . continuèd for th• Yoar Ended 31 March 2024 MOVEMENT IN FUNDS- ¢onlinued Adamgon Trust." towards the costs of a young carer family day. Alpkit Foundatlon: tOW8rds th6 cost of Tal Chl breaks. Anonymous Charitablo Trust: towards the cost of d8menlia cafes. Arts Gouncll Jubllee Fund: towards the cost of a Diamond Jubilee event for carers. BANES Community Infrastructure Levy.. towards the cost of m8int8ining Bath Carers Centre. BANES PCF: towards the cost of supportlng parent carers. Bartjara Ward Childrens Foundatlon: towards the tt*St of young carer activitl8S. Bath & West Communlty Enorgy Fund". towards thé cosls of a growing garden and ould¢)or activities for carers. BBC Chlldren In Need.. towards the Costs of developing a social action programme for young carers. Carers Trust R•splto & Support Development: towards the cost of adull bregks, Includlng hybrfd breaks. Control Outbreak Managerngnt Fund: towards the ¢0st of supportlng young ¢arers wth the ongoing chall8ng8S of the Covid-19 pandemic. D'oyly Carte Charltable Trust: towards the cost of young carer aciivitles. Elmgrant Trust.. towards the cost of young carer ￿tiVitieS in schools. Friends of Young Garerg.. to provide breaks and aclivities for young ¢arers. Henry Smlth Foundation: towards the cost of ¢arer cafes in BANES. Hospltal Saturday Fund: towards the costs of carer awareness events in BANES. Julos Thorno Charltable Trust: towards the Costs of CopirvJ with Caring courses. Keynsham Town Coun¢ll: towards the costs of young Carer support in Keynsham. M•dlo¢k Charitsble Trust: towards the Costs of cgrer activities. Mlchael and Anna Wix Trust: towards the rxjsts of carer activities. Morrfsons Foundatlon: towards th8 costs of young ¢arer activities. Omieron: tthvard$ the costs of Tesilier)ce for front line Staff. Quartet- Express Fund: towards the cost of adult ¢arer breaks. Quartet- Community Wèllnoss: towards the costs of activities for adult carers. Quartet- Roslllence fund: towards the costs of resilience for front line staff. Sl Johns Foundatlon l Bath Philharmonia: fvnd$ from St John's Hospital Foundatlon towards th8 cost of young ca￿r Bath Philhamionia project. The So¢lety of Merchant Vènturors.. towards the costs of w8llb81ng actlvltles for cerers. Tho Natlonal Lottery Award8 for All Fund: towards the costs of volunteers in the communlty. The National Lottsry Dlgltsl Fund: to improve the supwrt of carers across B&NES, developlng a platform of digitsl Se￿ices, products, and new content. The sperrlng Charlty: towards the costs of carer support calls in Radstock. Page 27 continued... Bath & North East Som•rs•t Carers. C•ntra Notes to the Financial Statsmonts - ¢ontlnued for the Year End￿ 31 Ma￿h 2024 MOVEMENT IN FUNDS - continued Tula Trust: towards the ¢ost of adult carer breaks. W•$sox Wator Fund: towards the cost of outdoor equlpment at Bath C8rers Centre. Worfd Herltage: to support the provision of transport for young carers. Art Socioty.. Young Carers monlhty activitres Banes PCF - Priority. This was the BaNES parent Carer Forum that be¢ame an Independent charity undér PCAH - as BaNES PCF we held a children's services grant from Banes Council to support them. Wh8n this ended, we continued suppcffl by holding a grant on thelr behalf and processing invoices + pay rol8 for them. Barbara Ward Children's Foundatlon: To provide term time clubs and activities for young carers Bath Spa Unlverslty: Each year we deliver ¢arer awareness training for year 1 & 3 Social Work students Big Local: As over- we charge to hold and administer a granl for this small local charity D'oyly Carte: Skill Building Workshops for young Carers FOYC: to provide activities for young carers + occaslonal grants for it8ms for young carers. They are Shown separatsty on the invoice. Garflold Weston: General fund grant to support the overall work of the charity Grants for Car•rs: Grants we receive for individual carers Household support Fund: A Fund we hold on behalf of BaNES Coun¢ll to give in grants for car8rs in crlsis PCAH: support parent ¢arers Quart•t Bath Half . Grant for yoga and tai