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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 03305621 (England and Wales) REGISTERED CHARITY NUMBER: 1061116

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for Swindon Carers Centre

Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

Swindon Carers Centre

Contents of the Financial Statements for the Year Ended 31 March 2024

Page
Report of the Trustees 1 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 24

Swindon Carers Centre (Registered number: 03305621)

Report of the Trustees for the Year Ended 31 March 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and activities

The charitable purposes of the Charity are to relieve the needs of adult, parent and young carers, who are, or were, carrying out a caring role and to support and promote self-help by such means as the Trustees in their discretion think fit.

Our vision of “Creating a community where carers are recognised, valued and supported” and our mission “To improve the wellbeing of people with caring responsibilities in and around Swindon” continue to guide our work and charitable purposes. We review our aims, objectives, vision, mission, and service provision annually.

We are now in the final year of our 7-year local authority contract, which was rolled over for a further 2 years from the original 5-year term at the end of 2022; and have been working towards our Strategic Plan for 2021 – 2024. The Plan was produced following individual staff interviews, staff/trustee workshops and away day planning and surveys of key stakeholders including carers and volunteers. The resulting overarching strategic aims are to ensure Swindon Carers Centre is:

Priorities for the financial year included:

A team of trained and supervised staff and volunteers provide our range of services to deliver these aims and priorities.

The Trustees of Swindon Carers Centre have considered the Charity Commission's guidance on public benefit. The main benefit which the organisation delivers is support to carers carrying out a caring role for persons with physical or mental health challenges or disability and to promote the development of self-help. This will enable them to have a quality of life alongside their caring role. This benefit is clearly relevant to the organisation's charitable purposes. The main beneficiaries are carers themselves.

The organisation's activities for the year were largely determined by the contracts in force with Swindon Borough Council (SBC) and Bath, Swindon and Wiltshire Integrated Care Board (BSW ICB), and the additional funding obtained from a variety of sources, including Friends of Young Carers Swindon (FOYCS), Zurich Community Trust, Henry Smith, Garfield Weston, NHS Charitable Trust, Ray Harris Funding, Syder Foundation, Walter Guiness, Wiltshire Community Foundation Grants,, and Co-op.

Page 1

Swindon Carers Centre (Registered number: 03305621)

Report of the Trustees for the Year Ended 31 March 2024

OBJECTIVES AND ACTIVITIES Significant activities

The activities undertaken in furtherance of our purposes for the public benefit included:

Adult Carer Services:

Young Carer Services:

Volunteering hours 2023-24

Swindon Carers Centre has been assisted by many volunteers. Most of these volunteered as individuals and we also had two student placements. We would like to take this opportunity to thank our volunteers who have assisted in a variety of roles, including:

The value of volunteering to the organisation below uses the Real Living Wage for individual volunteers and the average wage of £19 per hour for skilled volunteers. This is really an underestimate of the value of volunteering to us; but gives an indicative figure.

Estimated hours Value per hour Total value
Volunteers to support Service Delivery 395.00 £12.00 £4,740
Volunteers to support Information Technology 518.25 £19.00 £9,847
Volunteers within office/admin 92.00 £12.00 £1,104
Volunteer Benefits Advisors 198.75 £12.00 £2,385
Student placements 1103.50 £12.00 £13,242
Trustee hours 345.75 £19.00 £6,569
TOTAL 2653.25 £37,887

Page 2

Swindon Carers Centre (Registered number: 03305621)

Report of the Trustees for the Year Ended 31 March 2024

ACHIEVEMENT AND PERFORMANCE Charitable activities

We are now into the final year of the 7-year (5+2) Swindon Borough Council contract for Carer Support Services (with the additional 2-year extension until the end of 2024). The initial contract started on January 1st 2018 and ran until 31st December 2022.

To further improve the "carer voice" throughout our service during 2023-2024 we increased carer involvement opportunities, including the development of a new Carers Forum; a focus on support for Parent Carers and having a keynote speech from a Parent Carer at our Carers Rights Day event (which was attended by amongst others, Sir Robert Buckland MP and Deputy Place Director for Swindon for the Bath and North East Somerset, Swindon and Wiltshire (BSW) Integrated Care Board), Caroline Holmes.

Carers registered with us have also been involved in the development of the new BSW ICB Mental Health Strategy. Some of our Young Carers have been involved in the production of “Superhero’s”, a follow-up film to the award-winning film “Baggage.”

To inform our aim to strive to be an inclusive organisation, we invested in a specialist consultant to carry out further staff and senior leadership team training to look at Diversity, Inclusion and Equity across the organisation as a follow up to the previous year’s training around ‘Collective Narrative' and how to ensure the language we use helps us be more inclusive both internally and externally. We have also increased reach to Asian carers who have been under-represented in our service, by working with two project funded Community Engagement Officers, to complete a 2.5 year “Making Carers Count” project funded by Carers Trust.

To ensure we are a well governed and sustainable organisation we continue to embed all quality standards in the Trusted Charity and Excellence for Carers Awards. We were reaccredited with Trusted Charity Level 2 in June 2022, with all standards impressively evidenced, and in 2023 became the first Carers Centre in the country to be reaccredited with the Carers Trust for Excellence for Carers award. Our Trustee Board benchmarks against the Charity Governance Code. These quality assurance marks help our beneficiaries, commissioners, supporters, donors, volunteers, staff and the public to have confidence that we always work to a high standard.

To increase carer awareness and ensure sustainability of the organisation we have continuously improved our profile, reputation and reach via dynamic communications and between March 2022 and March 2023 was the Wiltshire Life "Charity of the Year" in recognition of the excellent work delivered across the whole team.

Despite being successful with grant funding, including funding from Henry Smith Charity and Garfield Weston, amongst others and a continuing partnership with Zurich Community Trust; we are also planning to streamline our staffing structure in preparation for coming up to tender for the Local Authority/Integrated Care Board Carer Services contract to ensure we can sustain viability even if the contract value is reduced.

We continue to look for ways to further embrace digital development, including making our website more interactive and an additional service delivery support tool for carers, updating our finance provision to use more digital technology for improved efficiency, effectiveness, accuracy, and quality, research alternative CRM systems for better data storage and reporting, safely and appropriately integrating AI into our services to improve efficiency, work smarter, and enhance our services and processes, and more.

Swindon Carers Centre continues to work with schools, colleges, and alternative education providers delivering support for young carers - giving carers a voice and ability to create positive change in their schools and local communities. The support for young carers in schools remains vital and Young Carers Leads meetings have brought together best practice from all schools represented.

Our partnerships and collaborations continue across private, public, voluntary and community sectors, and our Chief Executive remains a member of the Integrated Care Alliance Development Executive Group, alongside two other Voluntary Sector leaders in Swindon.

Leadership and Management

The CEO, Head of Resources, Heads of Service Delivery and Head of Development roles were substantive Leadership posts throughout the year. We also allocated more resource to our Communications team with an increase in work in this area across the whole organisation and externally.

One new trustee, Nina Czjakowski, joined the Board in July 2023. At the 2023 AGM, Hannah Crawley, Mubbisher Ahmad, Caroline Moore, were re-elected to continue in their roles as Chair, Vice-Chair and Treasurer and Chris Sims was elected Company Secretary.

Page 3

Swindon Carers Centre (Registered number: 03305621)

Report of the Trustees for the Year Ended 31 March 2024

FINANCIAL REVIEW Financial position

The Charity held total funds on 31 March 2024 of £196,824 of which £50,078 are held as restricted funds.

We spent £490,433 on helping Adult Carers over the year plus £68,621 on Parent Carers. Expenditure on Young Carers was £251,951. We spent £10,672 supporting carers to claim the welfare and benefits that they are entitled to.

We spent £93,428 which was funded by Carers Trust to engage with under-represented minority ethnic carers in Swindon (particularly Asian carers); this included our Engagement Officers roles. We also spent £30,548 on fundraising. Expenditure on other activities from grants income was £81,180.

The organisation has worked hard this year to achieve the aims and priorities set in its business plan. The Care Act 2014 and Children and Families Act 2014 continue to have a significant impact on Swindon Carers Centre, with more carers than ever registering with us. There has been a 12% increase from the beginning of the financial year to the end of the financial year of carers registered with Swindon Carers Centre. This has increased from 4926 in March 2023 to 5524 as of the end of March 2024.

FINANCIAL REVIEW

Principal funding sources

We would like to thank our main funders: Swindon Borough Council (SBC) and Bath, Swindon and Wiltshire Integrated Care Board (BSW ICB), and the additional funding obtained from a variety of sources, including Friends of Young Carers Swindon (FOYCS), Zurich Community Trust, NHS Charities Together, The Henry Smith Charity, Carers Trust, Garfield Weston Foundation, The National Benevolent Charity, Wiltshire Community Foundation, Nationwide Building Society, The Edward Gostling Foundation, The Ray Harris Charitable Trust, The Syder Foundation, The Walter Guiness Charitable Trust, The Sir Jules Thorn Charitable Trust, and Co-op Local Community Fund.

Our contract with Swindon Borough Council funds our core service delivery. This totalled £586,410 for the year. We are also immensely grateful for the generous grants and donations we receive from Trusts and Foundations, individuals and businesses, which allow us to go above and beyond on behalf of our community to support unpaid carers. Significant grants were received from:

Page 4

Swindon Carers Centre (Registered number: 03305621)

Report of the Trustees for the Year Ended 31 March 2024

FINANCIAL REVIEW

This makes a total income from contracts and grants for the year of £227,524. This money has been used to deliver the services outlined above. Additionally, we received £2,666 generated through fees for two student placements with Swindon Carers Centre.

We have also been supported in the community in many different ways including:

Donations (including Gift Aid recovery), our 50/50 lottery and income from fundraising events in the community totalled £27,611 whilst bank interest amounted to £8,783.

Included in these donations we are grateful to Hillier Funeral Service, Mr D Banks, The Harbour Project, Pebley Beach, Leanne Charlesworth, Stratton Parsh Council, and The Rotary Club of North Swindon.

Reserves policy

Following a review of the Reserves Policy in February 2024, the Trustee Board agreed to maintain the current reserves policy, which is based on its understanding of the:

We maintain unrestricted reserves at a minimum level of £135,000 (maximum £225,000), to cover our obligations to staff and the approximate cost of paying off all outstanding contracted services, in the event that our statutory contract with Swindon Borough Council came to an end. The current free reserves are £146,746 which is within the required level.

Going concern

The current SBC/ICB contract ends in December 2024 and the charity has accepted an offer of an interim direct award contract from SBC from January 2025 – December 2025. Therefore as the charity has no guaranteed core contract funding after the end of December 2025 this indicates that there exists a material uncertainty relating to the Charity’s ability to continue as a going concern at the point these accounts were agreed.

Page 5

Swindon Carers Centre (Registered number: 03305621)

Report of the Trustees for the Year Ended 31 March 2024

Future Plans

Our key priorities for 2024/25 are:

Our strong partnership work continues with other key stakeholders, including Carers Leads from Swindon Borough Council, Bath and North East Somerset, Swindon, and Wiltshire Integrated Care Board, Great Western Hospital, and Avon and Wiltshire Mental Health Partnership, amongst others. The Carers Strategy for Swindon review is due for review, but it was mutually agreed with Commissioners that we wait for the overarching BSW ICB Carer Partnership Group strategic priorities for carers. We continue to work closely with other Sanford House tenants, including Swindon and Gloucestershire Mind, Citizens Advice Swindon, Swindon Advocacy Movement, and Healthwatch to promote Sanford House and ensure residents in Swindon know and can access the services available to them.

Our successful IT infrastructure and quality support from a skilled volunteer has ensured we have been able to continue operational delivery seamlessly through a hybrid working model. We will continue that investment in digital technologies, capabilities and expertise.

We are continuing to ensure the voice of carers is strong, and their feedback is vitally important to ensuring their increasing needs are at the centre of commissioning decisions as well as our service development.

We will continue to work with education providers in Swindon to ensure Young Carers have the best chance possible to ensure their health, emotional wellbeing, socialisation, and life opportunities are not compromised and will continue to support carers moving from school into further/higher education or employment.

It is increasingly challenging to cope with the rising number of carers needing support, when the funding environment is bleak. The core Swindon Borough Council/Integrated Care Board contract funding we receive is flatline (no inflationary uplifts). For many years Swindon Carers Centre has subsidised that funding with additional external income generation and grant funding to be able to manage increasing demand in service need but also deliver small incremental annual uplifts for staff and ensure our salaries are benchmarked competitively against other charitable organisations.

Our focus will remain on ensuring carers are at the heart of everything we do and are recognised, valued and supported for the incredible work they do, which takes enormous pressure off the health and social care system elsewhere.

Page 6

Swindon Carers Centre (Registered number: 03305621)

Report of the Trustees for the Year Ended 31 March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The governing document of Swindon Carers Centre is the revised Articles of Association, adopted on 19th February 2015. Swindon Carers Centre is a private company, limited by guarantee and without a share capital. This Governing Document is reviewed annually by Trustees. Trustees adhere to the Charity Governance Code.

Recruitment, appointment, training and induction of new trustees

Trustees are recruited and inducted following Charity Commission best practice. All trustees got through an interview process, following applications made in response to either advertisements in our newsletter and public media; liaison with Human Resources Directors of organisations or word of mouth from current trustees/staff/volunteers. Trustee appointments can be ratified at any meeting of the Trustees; and are formally adopted at the AGM. Newly appointed Trustees go through a thorough induction process to explain their responsibilities, the work of the Swindon Carers Centre, and to introduce them to key personnel within the organisation. Away day events and external training is also made available to Trustees.

Organisational structure

The overall responsibility for the governance of the charity rests with Trustees. Day to day management is delegated to the CEO, who in turn delegates management of specific projects and service delivery to the Senior Leadership and Management teams. Trustees meet as a Board 6 times per year, and the CEO and members of the Leadership Team attend each meeting and other managers alternate attendance to report on progress in specific team areas. There are also currently two working groups comprising trustees/staff (Strategy & Risk Management and Finance & Income Generation. Strategy is drafted by the CEO and Senior Leadership Team after consultation with stakeholders (including Trustees, beneficiaries, staff, volunteers, and external partners), and is approved by the Trustees. Responsibility for implementing strategy is delegated to the CEO and Senior Leadership Team.

Key management remuneration

Trustees work to the Charity Governance Code and conduct an annual peer review. Staff salaries are reviewed annually by the Trustee Board and are benchmarked against the National Joint Council (NJC) scales for local authorities.

Wider network

Swindon Carers Centre is a network partner of the Carers Trust. This relationship entails a commitment on the part of Swindon Carers Centre to adhere to principles of partnership, which ensure a coherent approach to carers across member organisations, in exchange for the ability to use the branding and logo of the national organisation in addition to our own branding and logo.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The major risks to which the charity is exposed, as identified by the Trustees, are reviewed regularly and systems and procedures have been established to manage those risks. A risk register is reviewed and updated quarterly by the Strategy and Risk Management working group.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

03305621 (England and Wales)

Registered Charity number

1061116

Registered office

Sanford House Sanford Street Swindon Wiltshire SN1 1HE

Page 7

Swindon Carers Centre (Registered number: 03305621)

Report of the Trustees for the Year Ended 31 March 2024

Trustees

Ms H C Crawley - Chair Ms C Moore - Treasurer Mr C Sims – Company Secretary Mr M Ahmad - Vice Chair Mr N Steptoe Ms N Czjakowski

Our Patron is Mr Ian Price (July 2017-present).

The Senior Leadership Team currently comprises: Chief Executive Officer – Susanna Jones Head of Resources – Bronte Hague Head of Service Delivery Adult & Older Carers – Stuart Ilbury Head of Service Delivery Parent Carers & Young Carers – Debbie Murphy-Myers Head of Development – Claire Smith

Independent Examiner

James Gare DChA FCA Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

Bankers

The main bankers for Swindon Carers Centre during the year were: Coop Bank, Business Customer service, PO Box 250, Skelmersdale, WN8 6WT

Approved by order of the board of trustees on 20 / 08 / 2024 and signed on its behalf by:

........................................................................ Ms H C Crawley - Trustee

Page 8

Independent Examiner's Report to the Trustees of Swindon Carers Centre

Independent examiner's report to the trustees of Swindon Carers Centre ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement – matters of concern identified

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

I have completed my examination.

I have identified matters of concern in my report. I draw attention to note 1 of the financial statements which indicates that the charity’s core funding ends in December 2025. Therefore, the charity has no guaranteed core contract funding after the end of December 2025. This indicates that there exists a material uncertainty relating to the Charity’s ability to continue as a going concern at the point these accounts were agreed.

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

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. 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 fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance 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.

James Gare DChA FCA The Institute of Chartered Accountants in England and Wales

Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

Date: 6 September 2024

Page 9

Swindon Carers Centre

Statement of Financial Activities

for the Year Ended 31 March 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
6
Adult and Parent Carers
Young Carers and Young Adult Carers
Other activities
Other trading activities
4
Investment income
5
Other income
Total
EXPENDITURE ON
Raising funds
7
Charitable activities
8
Adult and Parent Carers
Young Carers and Young Adult Carers
Other activities
Engagement
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
19
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
74,396
417,560
169,250
2,667
5,375
8,783
1,732
679,763
30,548
516,756
170,689
29,105
-
747,098
(67,335)
(13)
(67,348)
214,094
146,746		 Restricted
funds
£
129,410
-
-
-
21
-
-
129,431
-
52,970
81,262
52,075
93,428
279,735
(150,304)
13
(150,291)
200,369
50,078		 2024
Total
funds
£
203,806
417,560
169,250
2,667
5,396
8,783
1,732
809,194
30,548
569,726
251,951
81,180
93,428
1,026,833
(217,639)
-
(217,639)
414,463
196,824		 2023
Total
funds
£
234,011
424,028
192,517
2,429
3,599
4,199
1,102
861,885
30,016
542,071
237,051
17,971
67,476
894,585
(32,700)
-
(32,700)
447,163
414,463

The notes form part of these financial statements

Page 10

Swindon Carers Centre (Registered number: 03305621)

Balance Sheet
31 March 2024
2024 2023
Notes £ £
CURRENT ASSETS
Debtors: amounts falling due within one year 15 28,650 90,142
Debtors: amounts falling due after more than one
year 15 - 13,726
Cash at bank and in hand 226,274 335,592
254,924 439,460
CREDITORS
Amounts falling due within one year 16 (58,100) (24,997)
NET CURRENT ASSETS 196,824 414,463
TOTAL ASSETS LESS CURRENT LIABILITIES 196,824 414,463
NET ASSETS 196,824 414,463
FUNDS 19
Unrestricted funds 146,746 214,094
Restricted funds 50,078 200,369
TOTAL FUNDS 196,824 414,463

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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

The financial statements were approved by the Board of Trustees and authorised for issue on 20 / 08 / 2024 and were signed on its behalf by:

............................................. H C Crawley - Trustee

The notes form part of these financial statements

Page 11

Swindon Carers Centre
Cash Flow Statement
for the Year Ended 31 March 2024
2024
Notes
£
Cash flows from operating activities
Cash generated from operations
1
(118,101)
Net cash used in operating activities
(118,101)
Cash flows from investing activities
Interest received
8,783
Net cash provided by investing activities
8,783
Change in cash and cash equivalents in
the reporting period
(109,318)
Cash and cash equivalents at the
beginning of the reporting period
335,592
Cash and cash equivalents at the end of
the reporting period
226,274		 2023
£
(53,276)
(53,276)
4,199
4,199
(49,077)
384,669
335,592

The notes form part of these financial statements

Page 12

Swindon Carers Centre

Notes to the Cash Flow Statement

for the Year Ended 31 March 2024

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Interest received
Decrease in debtors
Increase/(decrease) in creditors
Net cash used in operations		 2024
£
(217,639)
(8,783)
75,218
33,103
(118,101)		 2023
£
(32,700)
(4,199)
19,714
(36,091)
(53,276)

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£ £ £
Net cash
Cash at bank and in hand 335,592 (109,318) 226,274
335,592 (109,318) 226,274
Total 335,592 (109,318) 226,274

The notes form part of these financial statements

Page 13

Swindon Carers Centre

Notes to the Financial Statements for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Swindon Carers Centre is a charitable company limited by guarantee, without share capital, incorporated in England and Wales. The registered office address, nature of the charity's operations and principal activities can be found in the Trustees' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound.

There are no significant areas of judgements or key sources of estimation uncertainty.

Going concern

During the year ended 31 March 2024, total funds reduced from £414,463 to £196,824. The current SBC/ICB contract ends in December 2024 and the charity has accepted an offer of an interim direct award contract from SBC from January 2025 – December 2025. Therefore as the charity has no guaranteed core contract funding after the end of December 2025 this indicates that there exists a material uncertainty relating to the Charity’s ability to continue as a going concern at the point these accounts were agreed.

Legal status of the Charity

The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of:

Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

Page 14

continued...

Swindon Carers Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Allocation and apportionment of costs

All costs are allocated between the expenditure categories in the Statement of financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particulate activity are allocated directly. Support costs, including governance costs, are apportioned on the basis of estimated aggregate time expended on each activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial risk management

The charity has minimal exposure to customer credit risk, liquidity risk and market risk. Please refer to the risk section of the trustees annual report for information on how risks are managed. The charity does not have any non basic financial instruments.

Tangible fixed assets

Tangible fixed assets are recorded at cost and depreciation is calculated to write off the cost, less estimated residual value over their expected useful lives.Fixed assets costing more than £500 are capitalised.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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 after allowing for any trade discounts due.

Financial instruments

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

Redundancy/termination payments

Termination benefits are measured at the best estimate of the expenditure required to settle the obligation at the reporting date. If the expected settlement date of the termination payments is 12 months or more after making the provision and the effect would be material, the present value of the obligation is calculated using an appropriate discount rate.

Page 15

continued...

Swindon Carers Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

3. DONATIONS AND LEGACIES

Donations and legacies
Grants
Donated services and facilities		 2024
£
22,242
163,564
18,000
203,806		 2023
£
21,495
194,516
18,000
234,011

Donated services and facilities relates to the use of the property.

Please refer to the trustees report for details on the description of the role played and nature of contributions by general volunteers.

Grants received, included in the above, are as follows:

Friends of Young Carers Swindon
Zurich Community Trust
Voluntary Action Swindon
Carers Trust
Mid Counties Co-Operative
Other small grants
TYCO Electronics UK Ltd
Wiltshire Community Foundation
Voluntary Action Swindon
TE Connectivity
NHSCT/RUHX
Garfield Weston
Nationwide
Edward Gostling Foundation
National Benevolent Charity
Henry Smith Foundation
The Syder Foundation
4.
OTHER TRADING ACTIVITIES
Fundraising
5.
INVESTMENT INCOME
Deposit account interest
6.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Contracts
Adult and Parent Carers
Fees for services
Adult and Parent Carers
Contracts
Young Carers and Young Adult Carers
Contracts
Other activities
Fees for services
Other activities		 2024
£
62,204
35,000
-
10,986
814
1,960
-
9,100
1,500
-
-
-
-
-
-
40,000
2,000
163,564
2024
£
5,396
2024
£
8,783
2024
£
417,160
400
169,250
-
2,667
589,477		 2023
£
49,519
38,500
1,500
556
500
-
2,297
8,499
-
1,000
40,145
25,000
10,000
10,000
7,000
-
-
194,516
2023
£
3,599
2023
£
4,199
2023
£
424,028
-
192,517
496
1,933
618,974

Page 16

continued...

Swindon Carers Centre

Notes to the Financial Statements - continued

for the Year Ended 31 March 2024

7. RAISING FUNDS

Raising donations and legacies
2024
£
Staff costs
28,235
Other trading activities
2024
£
Fundraising expenses
2,313
Aggregate amounts
30,548
8.
CHARITABLE ACTIVITIES COSTS
Direct
Support
Costs (see
costs (see
note 9)
note 10)
£
£
Adult and Parent Carers
369,054
200,672
Young Carers and Young Adult Carers
191,382
60,569
Other activities
81,064
116
Engagement
80,945
12,483
722,445
273,840
9.
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
£
Staff costs
590,543
Direct costs
131,902
722,445
10.
SUPPORT COSTS
Governance
Management
costs
£
£
Adult and Parent Carers
199,372
1,300
Young Carers and Young Adult Carers
60,176
393
Other activities
115
1
Engagement
12,402
81
272,065
1,775		 2023
£
27,558
2023
£
2,458
30,016
Totals
£
569,726
251,951
81,180
93,428
996,285
2023
£
512,948
111,882
624,830
Totals
£
200,672
60,569
116
12,483
273,840

Page 17

continued...

Swindon Carers Centre

Notes to the Financial Statements - continued

for the Year Ended 31 March 2024

10. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Adult and
Parent
Carers
£
Wages
143,189
Social security
8,292
Pensions
2,759
Premises costs
14,640
Office costs
27,235
Other staff and volunteer costs
3,257
Trustees training and meeting costs
-
Accountancy fees
1,300
200,672
Engagement
£
Wages
8,913
Social security
516
Pensions
172
Premises costs
911
Office costs
1,695
Other staff and volunteer costs
195
Trustees training and meeting costs
-
Accountancy fees
81
12,483
11.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Operating lease - other
Accountancy and independent examination		 Young
Carers
and Young
Adult
Carers
£
43,247
2,504
833
4,421
8,225
946
-
393
60,569
2024
Total
activities
£
195,431
11,317
3,766
19,980
37,171
4,400
-
1,775
273,840
2024
£
1,600
2,750		 Other
activities
£
82
5
2
8
16
2
-
1
116
2023
Total
activities
£
164,324
9,165
3,001
19,345
31,622
8,848
317
3,117
239,739
2023
£
3,920
3,117

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Page 18

continued...

Swindon Carers Centre

Notes to the Financial Statements - continued

for the Year Ended 31 March 2024

13. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Carer support
Administration
Fundraising		 2024
£
760,070
54,769
14,453
829,292
2024
28
9
2
39		 2023
£
657,575
47,882
11,539
716,996
2023
24
8
2
34

No employees received emoluments in excess of £60,000.

The average monthly number of full-time equivalent employees during the year was 28 (2023: 25):

Key management personnel for the charity comprises the Trustees and the Chief Executive Officer. The total employee benefits for key management personnel of the charity were £53,380 (2023 - £44,461).

14.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
25,267
Charitable activities
Adult and Parent Carers
424,028
Young Carers and Young Adult Carers
192,517
Other activities
2,429
Other trading activities
3,367
Investment income
4,199
Other income
1,102
Total
652,909
EXPENDITURE ON
Raising funds
29,886
Charitable activities
Adult and Parent Carers
445,496
Young Carers and Young Adult Carers
174,826
Other activities
1,708
Engagement
-
Total
651,916
NET INCOME/(EXPENDITURE)
993
Transfers between funds
(2,326)
Net movement in funds
(1,333)
RECONCILIATION OF FUNDS
Total funds brought forward
215,436		 Restricted
funds
£
208,744
-
-
-
232
-
-
208,976
130
96,575
62,225
16,263
67,476
242,669
(33,693)
2,326
(31,367)
231,727		 Total
funds
£
234,011
424,028
192,517
2,429
3,599
4,199
1,102
861,885
30,016
542,071
237,051
17,971
67,476
894,585
(32,700)
-
(32,700)
447,163

Page 19

continued...

Swindon Carers Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

14.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
funds
funds
£
£
TOTAL FUNDS CARRIED FORWARD
214,103
200,360
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Trade debtors
6,109
VAT
-
Accrued income
12,115
Prepayments
10,426
28,650
DEBTORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
2024
£
Accrued Income
-
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Trade creditors
4,816
Social security and other taxes
12,440
VAT
26,674
Other creditors
7,000
Accruals and deferred income
7,170
58,100
17.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
2024
£
Within one year
1,443
Between one and five years
1,327
2,770
18.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
Current assets
204,846
50,078
254,924
Current liabilities
(58,100)
-
(58,100)
146,746
50,078
196,824		 Total
funds
£
414,463

Page 20

continued...

Swindon Carers Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

19. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Friends of Young Carers Swindon - Young
Carers Activities
Donations for Adult Carers
Donations for Young Carers
Donations for Parent Carers
Mental Health
Wellbeing of Adult Carers
Activities for Carers
Engagement Officer post
Extras support for YC and PC carers
Carers living in Haydon Wick
Welfare and benefits
Co-operative - older carers
Outreach
Benefits support costs
Benefits
Activities in Wroughton
Parent Carer Support
Older Carers
TOTAL FUNDS		 At 1.4.23
£
214,094
58
2,662
17,021
681
10,000
100
29,779
69,945
3,611
-
1,985
-
25,350
22,991
3,687
2,499
10,000
-
200,369
414,463		 Net
movement
in funds
£
(67,335)
(30)
644
(4,459)
-
(10,000)
(100)
(4,127)
(69,954)
(3,611)
(4)
(1,985)
814
(19,961)
(22,991)
(3,687)
(2,499)
(10,000)
1,646
(150,304)
(217,639)		 Transfers
between
funds
£
(13)
-
-
-
-
-
-
-
9
-
4
-
-
-
-
-
-
-
-
13
-		 At
31.3.24
£
146,746
28
3,306
12,562
681
-
-
25,652
-
-
-
-
814
5,389
-
-
-
-
1,646
50,078
196,824

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Friends of Young Carers Swindon - Young
Carers Activities
Donations for Adult Carers
Donations for Young Carers
Mental Health
Wellbeing of Adult Carers
Activities for Carers
Engagement Officer post
Extras support for YC and PC carers
Carers living in Haydon Wick
Welfare and benefits
Co-operative - older carers
Outreach
Benefits support costs
Benefits
Activities in Wroughton
Parent Carer Support
Older Carers
Carers with Cerebral Palsy
TOTAL FUNDS		 Incoming
resources
£
679,763
62,206
1,841
10,957
1
-
34,999
3,513
-
2,100
5,001
814
-
-
-
-
-
1,999
6,000
129,431
809,194		 Resources
expended
£
(747,098)
(62,236)
(1,197)
(15,416)
(10,001)
(100)
(39,126)
(73,467)
(3,611)
(2,104)
(6,986)
-
(19,961)
(22,991)
(3,687)
(2,499)
(10,000)
(353)
(6,000)
(279,735)
(1,026,833)		 Movement
in funds
£
(67,335)
(30)
644
(4,459)
(10,000)
(100)
(4,127)
(69,954)
(3,611)
(4)
(1,985)
814
(19,961)
(22,991)
(3,687)
(2,499)
(10,000)
1,646
-
(150,304)
(217,639)

Page 21

continued...

Swindon Carers Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Friends of Young Carers Swindon - Young
Carers Activities
Donations for Adult Carers
Donations for Young Carers
Donations for Parent Carers
Mental Health
Carers breavement group
Wellbeing of Adult Carers
YAC Chat project
Activities for Carers
Engagement Officer post
Extras support for YC and PC carers
Winter resilience
Carers with dementia
Carers living in Haydon Wick
Welfare and benefits
Outreach
Benefits support costs
Benefits
Activities in Wroughton
Parent Carer Support
TOTAL FUNDS		 At 1.4.22
£
215,436
1,624
2,446
7,523
137
-
3,944
-
124
6,379
122,542
17,178
62,250
3,332
1,317
2,931
-
-
-
-
-
231,727
447,163		 Net
movement
in funds
£
984
(1,566)
216
9,498
544
10,000
(3,944)
-
(124)
21,253
(52,597)
(13,567)
(62,329)
(3,332)
(1,317)
(946)
25,350
22,991
3,687
2,499
10,000
(33,684)
(32,700)		 Transfers
between
funds
£
(2,326)
-
-
-
-
-
-
100
-
2,147
-
-
79
-
-
-
-
-
-
-
-
2,326
-		 At
31.3.23
£
214,094
58
2,662
17,021
681
10,000
-
100
-
29,779
69,945
3,611
-
-
-
1,985
25,350
22,991
3,687
2,499
10,000
200,369
414,463

Page 22

continued...

Swindon Carers Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

19. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Friends of Young Carers Swindon - Young
Carers Activities
Donations for Adult Carers
Donations for Young Carers
Donations for Parent Carers
Mental Health
Carers breavement group
Wellbeing of Adult Carers
YAC Chat project
Activities for Carers
Activities for Carers
Engagement Officer post
Extras support for YC and PC carers
Winter resilience
Carers with dementia
Carers living in Haydon Wick
Welfare and benefits
Co-operative - older carers
Outreach
Benefits support costs
Benefits
Activities in Wroughton
Parent Carer Support
TOTAL FUNDS		 Incoming
resources
£
652,909
49,519
1,699
13,860
680
10,000
-
2,296
-
1,000
38,649
82
-
-
-
-
6,050
500
40,143
25,000
6,999
2,499
10,000
208,976
861,885		 Resources
Movement
expended
in funds
£
£
(651,925)
984
(51,085)
(1,566)
(1,483)
216
(4,362)
9,498
(136)
544
-
10,000
(3,944)
(3,944)
(2,296)
-
(124)
(124)
(1,000)
-
(17,396)
21,253
(52,679)
(52,597)
(13,567)
(13,567)
(62,329)
(62,329)
(3,332)
(3,332)
(1,317)
(1,317)
(6,996)
(946)
(500)
-
(14,793)
25,350
(2,009)
22,991
(3,312)
3,687
-
2,499
-
10,000
(242,660)
(33,684)
(894,585)
(32,700)

Restricted funds

Friends of Young Carers Swindon - Young Carers Activities - Fund to provide activities for young carers

Donations for Adult Carers - Various donations for adult carers

Donations for Parent Carers - Various donations for parent carers

Donations for Young Carers - Various donations for young carers

Carers bereavement group - funding from Wiltshire Community Foundation for carers bereavement group.

Welfare and benefits - Funding from Zurich for the welfare and benefits role.

YAC Chat project - Grant funding from Nationwide to run the YAC Chat Project.

Activities for carers - Funding from Zurich to pay for adult and parent carer activities

Engagement Officer Post - Funding from the Carers Trust to engage with under-represented minority ethnic carers in Swindon and develop equality, inclusion and diversity across the whole organisation.

Winter Resilience - Funding from the CCG to help keep carers resilient over the winter

Carers with Dementia - Funding from Assura to support carers who look after people with Dementia/ Alzheimer's

Carers Living in Haydon Wick - Funding from Wiltshire Community Fund to provide support to carers who live in the Haydon Wick area.

Page 23

continued...

Swindon Carers Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

19. MOVEMENT IN FUNDS - continued

Extras support for YC and PC carers - funding from Voluntary Action Swindon for support for YC and PC carers

Mental Health - funding to support the mental health of carers

Wellbeing of adult carers - funding from TYCO for the wellbeing of adult carers.

Outreach - Funding to support outreach work to identify carers

Benefits support costs - Funding to support costs of benefits work

Benefits - Funding to direct costs of benefits work

Activities in Wroughton - Funding from Wiltshire Community Fund to provide activities to carers who live in the Wroughton area.

Parent carer support - funding to support parent carers

Older carers - funding to support older carers

Carers with Cerebral Palsy - funding to support carers with Cerebral Palsy

20. EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a defined contribution pension scheme. The costs for the period was £14,453 (2023: £11,539). Contributions amounting to £7,000 were payable to the scheme at 31 March 2024 (2023: £2,968) and are included within creditors.

21. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024 or year ended 31 March 2023 other than trustees' donations as below.

Trustees' donations

Total donations of £nil (2023: £35) were received from Trustees. These donations were all given without conditions. Trustees also donate via collections at fundraising events. These amounts are not recorded separately.

Page 24

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