Company regi5trdtion nwnber: 03325055 Charity registration number: 1062149 Harrow Carers (A company lirnited by guarantee) Annual Report and Financial Statements foT the Y¢aT Ended 31 March 2025 MG Audit SerYi¢es LiJnit¢d 166 College Road Harrow Middlesex HAI IBH Harrow Carers Contents Reference and Administrative Detoils ThJ5tees' Report 2106 Statsment of TTUStees' Responsibilities Ind¢pendent Auditors, Report 8t0 11 Consolidated Statement of Financial Activities 12to13 Consolidated Balance Sheet 14to15 Balance Sheet 16to17 ConsoLid&ted Statement of Cash Flows 18 Note5 to the Financial Statements 19to41 Harrow Carers Reference and Administrative Details Tr￿stee$ Peter Keeble Peter Jones Dr Janice HowkiD5 OBE Manoj Varsani Dr P¢t¢r Bwion Shaiini Bhargava Geoffrey Broomhead Paul Ghuman Patrick D'cruz SÈtretgry Colin PowelE PrRnefip81 Offic¢ 376-378 Pinner Road Harrow Middlesex HA2 6DZ Company Reglstration Number 03325055 Charity Registration Number 1062149 Auditor MG Audit Services Limited 166 College Road Hattow Middlesex HAI IBH Page I Harroiv Carers Trustees, Report The ttwtees, who are directors for the purposes of company law, present th¢ allnual report together with the fmancial statements of the chwitable company for the year ended 31 March 2025. The Trustees have adopted the provisions of accounting and reporting charities slaiement ofr¢commended prnctice applicable to charities preparing their accounts in accordance with the fmancial rewyrting standards applicable in the UK and republic of ]reland (FRS 102). This year the Trustees have consid¢red the ￿fOrnIanCe of the charity during the last year. It has be¢EL year of positive PTosress and good results. Objectives gnd activities Objects andaims Harrow Carers is the leading, specialist charity for unpaid carers in the London Borough of H￿TOW. Our vision is thHt all unpaid car¢rs in Hattow will have a better life, supported to sustain Caring and to enjoy life beyond carin8. Our mission is to deliver high quality resources, services and facilities that inforns support and empower carers of all ages. These purposes are carried out for the public b¢n¢fit and are kept under regular review by trustees. Harrow Carers deliver the borough wide Carers Support Service commissioned by the London Borough of Harrow, providing identification, infomiation and advice, wellb¢ing activities, workshops, support planning, and access to both preventative and wellbeing servi¢¢$ in line with duties under the Care Act 2014. Harrow Carers also deliver young carers assessments as Commissioned by the London Borough of HatTOW, providing identification, assessment and wpport for young carers in line with duties under the Children and Families Act 2014. Public beftefil The trustees confjrm that they have coniplied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Structure, Gov¢rnaDC¢ & Man¥gement Harrow Carers is a company limited by guarantee and a regist¢r¢d charity gov¢rned by its Articles. The Board met regularly and held a Truste¢ Away Day in 2024 to review strategy, impac( financ¢ and safeguarding duties. Jnfomiation governance and Tisk aTe 51atLding items on trust¢¢ ag¢ndas, The Board includ¢d (during th¢ year) Geoff Broomhead {Chair), Dr Jani¢e Howkins OBE (Vice Chair), Dr Peter Be￿￿On (Treasurer), Paul Ghuman, Shalini Bhargava. Peter Jones, Peter Keeble, Manoj Varsani MBE. Page 2 Harrow Car¢rs Trustees, Report Leadership Trgn$ltlon: Durlng the year, Charniian Boyd retired as CEO in Fcbrnary 2025. After a rigorous recruitment process, Colin Powell, previously Director of Operations, was appoinled CEO. The Board thanks Charnii8n for her service and welcomes Colin to l¢ad Harrow Carers into its next chapter. Day to day management is delegated lo the CEO. The charity maintains con)prehensive policies and handbooks (including Employ¢¢ Handbook, safeguardin& whistleblowing and mod¢rn slavery) and has updated ih¢se within the year per review schedules. Strat¢gy: De]iveriJJg Our BusiDess Plan The Board ttviewed the Strategi¢ Plan 202£￿2027 during 2024125. Our four strategi¢ pillars are: l. Provide great services for carers 2. Grow - reach morv carers 3. Great place to work 4. Sustainable, independent organisation l. Provide t services for eArers . Every activity do has clear outcome statem¢Dts . Clear evidence of need before any co-prothiction or activity • Every service has an appropriate level of Covproduction . Better built environment for our c￿er8 and stsff • Maintain stsndards and work to a recognised QA framework 2. Grow- reaeh rt • We support a greater number of carers . W¢ ar¢ iDclusive'. supporting a more diverse range of carer groups • We work beyond boundaries • Improve communication with ¢arers and stskeholders 3. Great laee to work . People feel valued and empowered her¢ . We have a respectful and supportive culture endent or nisation . Homecar¢ and Homeshare become more effective and efficient • We have more and greater sources of income • W¢ work in accordance with our revised environmental plan . VolUnt¢￿S ar¢ helping u5 to a greateT extent To embed the pl￿ trustees and staff held slrnctured strategy sessions and an All Staff Stratrgy Review Away Day, using survey findings and IL4G rated progress to refme outcomes for each pillar. Carers were also consult¢d to gain their views and opinions as to the stratsgic areas of fo¢us. Key Achievements Versus Strategle PIRIArs 2024125 l. Provide great services for carers Expanded peer groups (incl. griefflos5 and care home sUp￿rt) and ma]'s respite activities. Outcomes captured using quantifEabl¢ reporting metrics. Page 3 Harrow Carers Trustees, Report 2. Grow- reach mor¢ ¢arers New referrals exceeded quarteTly targets. community events and multi agency fonllns widened ideDtifi¢ation and self refe￿41 routes. 3. Great place to work Professional training strengthened for the senior management team via funding from the apprenticeship levy fund, menopause policy introduced and access to psychological support in time of need. 4. Sustainable, independent organisation Ongoing pipeline management for grantg and contracts. partnership based delivery (Age UK HHB, NHS NWL ICB, CLCH) sustained reach and economie5 of ￿al¢. OUT swial ¢nteryJris¢ model and income generated from Elite Specialist Care proved to be challenging over the y&gr due to the number of home¢are providers across the borough and local and national challenge5 in recTuiiment and retention of homecare staff. However. to the latter part of the fiscal year and with a renewed marketing plan, sales for Elit¢ Specialist Care InCr¢￿ed. Harrow Carers Impact 24n5 DuriDg th¢ f)s¢al year 24125, Harrow Carers supported thousands of carers und community members across Harrow. The entire Harrow CareTS team demonstrated continued caring efforts and professionalLSm ill the 5UPPQrt of unpaid carers. The organisation has grown year on year each year providing rnore $ervi¢es to more carers. The nuniber of registered Carers has ¢otttirAually increased from: 3900 in 2020, 4700 in 2021, 5000 in 2024. and 6415 active the end of March 2025. Adult Serviees Registration5 And A¢liviti¢$ 2024f2025 • 706 new registrations (250/0 online) 186 hospital r¢f¢rrals received • 4,429 unique adults a¢¢essed services 6,211 wellbeing a¢livity attendances - 950/0 satisfaction 932 counselling sessions for 192 carers - 85Yo felt better abl¢ to ¢op¢ . 89 careTS joined grief & self care workshops - 950/0 approval 198 dementia carers supported - 980/0 approval 13.652 info & advice contacts Young Carers 801 young ¢ar¢rs ¢urrently registered to reccive support 670 uniqu¢ young carers supported I,035 a¢tivity attendances . 90 young carer a&sessments offered - 70 carried out • 55 YOW￿ carers enga8¢d in our DNAV psychological resilience 8UPPOrt pro￿ll￿e Community P*rtnershlp and Health . 462 Diabetes end hypertension h¢alth ¢he¢ks, delivered in conjunction with CLCH . 32 community champions recruited lo educate about heahh risks Page 4 Harrow Carers Trustees, Report Harrow Carers, ¢ommilTneDt to supporting carers and the communty rnnaitis unwavering. As we mov¢ fonyard, the organisation will continue to build on the successes of the past year, ensuring that the service5 provided are not only maintsined but &lso enhanced to meet the cvolving needs of carers. Thc focus will be on expanding outreach. increasing reg7strations, and providing more targeted support tbrough Counselling, WOTkshops, and the launch of our new vntual carers centre. By fostering strong ¢onuDunity pat1nerships and leveraging the dedication of the HatTOW Csrers teanL the OTganisation aims to fvrtheT improve the wellbeing and resilience of carers, ensuring they receive the re￿gnItiOn and support they deserve. The journey thead is promising. and HaTh)w Carer5 IS M'ell equipped to make a lasting impact on the lives of those they s¢rye. Unfortunately, OUT lead hospitsl carers post and funding ended in April 2025. This ha5 led to a gap ID SUPPOrt of unpaid carers when they OT their loved ones are admitted to hospital and support is required io navigate care and discharge. Quality, Safeguarding & Risk We maintained an embedded IS09001- 2015 quality management approach, with internal audits, an annual external visii and management reviews ¢overing customer satisfaction, training, and p¢rfornian¢e. Actions in¢lud¢d re aligning wlicy frameworks and strengthening evidence captiire. Saftguarding adults and childr￿ remained a standing priority-trnstees re adopted updated policies per the 2024125 review cycle, and stsff training compliance w&% monitored monthly. We refreshed our Business Continuity Plan and sustained inforn)ation governance controls througb an uylated IT & Netwo￿ Inforniation Security Policy.both reviewed at trnstee level alongside risk Tegisters. Our Modern Slavery Statement sets out ethical procurement, safer recruitment and board level safeguarding responsibilities. it also notes our membership of both the children's and adults, safeguarding boards in Harrow. Fillancial Review The ch￿ity'S principal restricted and contract income in 2024125 derived from the London Borough of Hatrow C￿e Act Contrac¢ Young Carers Assessment Conttact and health related programme5 (includin8 psychological support via NHS NW London ICB). Funding for hospitsl discharge (Take Home and Settle) support flows to Ha)TOW Carers via Age UK HHB as lead partner under Nexus/NWP pathways. Trustees continued to pursue a diverse fvnding mix (gfdnts. contracts. traded services via Elite Specialist Care and donations). Example5 thwing the year include Awards for Ail (YC activities), Garfield Weston (Yclcore), the Masonic cP￿itable Foundation (advocacyldementia). sport related grants and local funds-tracked within the CEO'S grdnt and contracts board reporting. Our reserves polÈcy targets approximately four months, operating costs to ensure resili¢nce' the Board revi¢w¢d this alongsid¢ property. digitsl, and p¢ople related risk5 highlighted in the strategic plan SWOT. tn 2024125 Harrow Carers recorded income of £2.135, 8 12.3V/o increase on 2023124 of £l.901k explained by: . Expansion of Elit¢ Specialist Care busines5, from £688k in 2023124 to £998k in 2024125. With th¢ Charity, Harrow Carers, making up the balance of £l,137k against £1.213k in 2023124. Expenditure has been kept undeT control with the increase in income. Expenditure of £2,023k was recorded in 2024125 from £l,834k in 2023ll4, an increase of10.30/ts. Page 5 Harrow Carers Trustees, Report In th¢ year the organisation undertook a review of the allocation of funds which identified the reclassification of the freebold property and 118 associated mortgage and some restricted projects to unTestricted. To irnprove the comparability year on year the prior year fmancial statements were restated. As r¢$tat¢d reserves increased by £112k from £1,053k to £1,164k and is split as follows.. . Unrestricted re5erve5 increased by £81k from £466k to £547K Designated reserves decreased by £40k from £325k to £285k with the continued paying down of the mortgage associated with the property. Restrlcted reserves increase by £71k from £262k to £333k and is available to fund restricted projects going fonv8rd. Our reserves policy targets approximately four months, operatlng costs to ensure resilience. the Board reviewed this alongside property. digitsl, and people related Tisks highlighted in the Strategic plan SWOT. Plans for 2025120 Digital & access.. Launch the next phase of our digital offer (Virtual Carers Centre) and improve online pathway5 to rcdu¢¢ friction for ¢ar¢r$ atld staff, • Carers, statutory assessments (Adults)., Work with the Council to implement a sustainable caTers ass&ment model under the Care Act 2014, with trauma infornled PTacti¢e and robust QA. Young ¢arer$ progression: S¢ale the YCIYAC programrne (education, skills. employability and respite) including transitions support and employer engagement. Evenin￿weekend reach and targetsd outreach to und¢r repre$¢nted ¢arer communities, aligned to iK)rough demographics. • Income diversification: Coutinue CO￿0[al¢ partnerships and multi year grants in priority areas (dem¢n¢ia and YC). set out in the business plan. ststemext of Trustee5' Responsibilitie5 The trust¢¢s are respon8Lble for preparing the TTUStees' Report and the financial stat¢m¢Dts in a¢cordance with applicable law and L'K accounting standards. and for safeguarding the assets of the charity and ensuring their proper application. The trustees conflmi thaL in so far as each iTUStee 15 awar¢, there is no relevant audit inforniation of which the auditor is unaware. Thank You We thank our staff, volunteers, partners and Comniissionets at London Borough of Harrow, NHS Northwe51 London ICB, Central London Community Hospital and our grant funders for th¢ir support, and-above ￿l-HarrOw'S unpaid arers for their trust and r¢sili¢nce. The annual report s appToved the trustees of the charity on 27 November 2025 and signed on its behalf by: GeotTrey Broomhead Trustee Page 6 Harroiv Carers Statement of Trustees, Responsibilities The t￿Stee$ (who are also the directors of Ha￿oW Carers for the p￿￿oseS of company law) are responsible for preparing the trustees, Teport and the fmancial statements of the Group and the charitsble company in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trnstees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affaiTg of the Group and the charitable company and of their incoming resourccs and application of resources, including their income and expenditure, for that period. In PT¢paring thes¢ f]nancial statements. the trust¢e5 are required to: sel¢ct suitable accounting policies and appty them ronsi3tently' observe the methods and principles in the Charities SORP. make judgements and estimates tbat are reasonable and prudent. state whether applicable UK Accounting Stsndards have been followed, subject to any material d¢partur¢s disclosed and explained in the financial statements. and prepare ihe financial statements on the going concern basis unless it is Inappropriate to presume that the Group and the charitable company will continu¢ ID bu5ines5. The trnstees are responsible for keeping adequate accounting r¢cords that are sufficient to show and explain the Group's and the charitsble company's transactions and disclose with reasonable accura¢y at any time ihe financia] position of the Group and the charitsble company and enable thern to ensure thai the financial statcments comply with the Companies Act 2006. They are also responsible for SafegUardll￿ the asset5 of the Group and the chaTitsble company and hence for taking reasonable steps for the prevention and detection of fraud and other iTTegulaTitics. Approved by the ttvstees of the 'ty on 27 November 2025 and signed on its behalf by., Geofftey Broomhead TTUSt¢¢ Page 7 Harrow Carers Independent Auditor's Report to the Members of Harrow Carers Oplnlon We have audiled the financial statements of Ha￿OW Carers (th¢ 'charitable p￿ent company,) and its subsidiaries (the 'group') for th¢ year ended 3 l Mar¢h 2025. which comprise the Consolidated Ststement of Financial A¢tivities, Consolidated Balan¢¢ Sheet, Balance SheeL Consolidated Statement of Cash Flows and Notes to the Financial Statements, including a summary of significant accounting policies. Th¢ financial reporting framework that has been applied in their preparation is United Kingdom Accounting Stsndards, comprising Cbarities SORP - FRS 102 'The Financlal Reportin8 Stsndatd applicable in the UK and Republic of treland, and appliGabl¢ law (United Kingdom Generally Accepted Accounting Pra¢ti¢¢). In our opinion the fmancial statements: give a trne and fair view of the stste of the group's and parent ¢harity's affairs as at 31 March 2025 and of the group's results for the year then ended; have been properly prepared in accordance with United Kingdom GeneTally Accepted Accounting P￿ctIce. hav¢ been prepared in accordance with the rcquiremenls of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) USAS (UK)) and appli¢able law. Our responsibiliti¢S under those standards are thrther described in the Auditor's responsibilities for the audit of the fmancial statements 5eGtion of our report. We are ?ndep¢ndent of the group in accordan¢e with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Stsndard. and we have fulfilled our other ethical responslbilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Conduslons relating to going ¢on¢¢rn We have nothing to report in respe¢t of the followlng matters in relation to which the ISAS (UK) require us to report to you where.. th¢ trustees use of the going conc¢Tn basis of accounting in the prepardtion of the financial statements is not appropriate; or the ttvstees have not disclosed in the financial statements any identified material uncertsinties that may ¢ast significant doubt about tb¢ group's ability to continue to adopt the going concern basis of a¢counting for a period of at least twelve month& from the date when th¢ fjnancial statem¢nt5 are authoris¢d for issue. Other IDformatfion The trustees are responsible for the other infomiation. The other infonnation ¢ompri8es the infonnation in¢luded in the annual repotl other ihan the fmancial statanents and our auditor'5 report thereon, Our opinion on the financial StateMet￿ does not cover th¢ other inforniation anl except to the extent oihenvise expli¢itly stated in our report, we do not express any form of a5suran¢e Conclusion thereon. Page 8 Harrow Carers Independent Auditor'y Report to the Members of HArroiv Carers tn eonn¢ction with our audit of the fmancial statements, our responsibility is to read the other inforn￿tiOn and. in doing so, consider whether the otheT inforniation is mateTially inconsistent with the financial ststements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identify such material in¢onsisten¢ies or apparent njaterial misstatements, we are required to deternine wbether there is a material misstatement in the financi&l statements OT a material misstatement of the other infornlation. If, based on the work we have perfornied, we conclude that there is & material misstatement of tbis other lnforniatio￿ we are required to report that fact. We have nothing io r¢port in this regard. Opinion on other mitt¢r$ pr¢s¢rib¢d by the CompAnies Att 2006 Jn our Opinio￿ ba5¢d on th¢ WOTk UT)dertak¢n in the ¢ourse of the audit: the infonnation giv¢n in th¢ and TTUStee$' Report for th¢ fman¢i81 y¢ar for wbi¢h the finan¢ial ststements aT¢ prepared is consistent with the fmancial statements; and the and Trustees, Report have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception tn the light of our lmmunicatg with those charged with governance regardin& among other rnatters, the planned scope and timing of the audit and significant audit findings. including any significant deficiencies in internal control that we identify during Iw audit. Use ol our report This report is made solely to the charitable parent company's tr￿tte8. &4 a body. in accordance with Part 4 of the Charlties (Accounts and Reports) Regulations 2008. Our audit work bas been undertaken so tbat we might state to the group's trustees those matter5 we are required to state to them in an auditor's report and for no other purpose. To the fullest extent perniitted by law, we do nol accept or 18sum¢ ruponsibility to anyone other than the charitable parent company and its tnJtees as a body, for our audit work for this report, or for the opinions we have forn)ed. Mr Gavin Fernandes FCA, CTA (S¢nior Ststutory Auditor) For and on behalf of MG Audit Services Limited, Stathtory Auditor 166 College Road Harrow Middlesex HAI IBH 27 November 2025 Page 11 Harrow Carers Consolidated Statement of Finantial Aetivitfies for the Year Ended 31 March 2025 ncluding Consolidated Incom¢ and Expenditure Account and Statement of Total RecogDised Gains and Losses) Unrestrieted funds Restrictsd funds Total 2025 Designated General IYot¢ Income and Endowments from: Donations and legacies Charitable activities Investment income Other income 10,865 1,542,760 11,255 1.912 102,259 466.070 113,124 2.008.830 11,255 .912 Total Incom¢ 1,566,792 568,329 2,135.121 Expendlture on: Raising fi]nds Charitable activities Other expenditure (71,895) (1,266,512) (146,929) (36,831) (460.398) 23) (108,726) (1,726,910) (187.286 (40,334) Total Expenditure (40.334) (1,485,336) (497,252 (2.022.922 Net (expendilureyincome Net movanent in fund5 (40,334) 81.456 71,077 112,199 (40,334) 81,456 71,077 112,199 Reconciliation of fund5 Total ￿ndS brought forward Total fun4]s ¢arTi¢d forward 325,378 465,416 261,779 1,052,573 22 285,044 546,872 332,856 1.164,772 Page 12 Harroiv Carers Consolidated Statement of Finaneial Activities for the Year Ended 31 March 2025 Oncluding Consolidated Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds (Restated) Deslgnated (Restated) General (Restated) Total 2024 Note Income and Endowments from: Donations and legacies Charitabl¢ activities Jnveslment income Other income 21,130 972,236 10.576 1.711 21,130 1,868,023 10,576 1,711 895.787 Total Income 1,005,653 895,787 1,901,440 Exp¢nditsr¢ on: Raising ￿ndS Cbaritable activities Other expenditure (109,542) (937,236) (146.997 (109,542) (1,535,967) (188.799) {598,731) (41,802) Total Expenditure (41.8(Y2 1.193.775 598,731 (1.834.308) Nel {expenditure)lincome Transfers between funds (41,802) (188.122) 128.107 297,056 (128,107) 67,132 Net mOV￿ent in funds (41,802) (60,015) 168.949 67.132 Reconciliation of funds Total funds brought forward 367 180 525,431 92,830 985,441 Total funds Ca￿]ed foTward 22 325,378 465.416 261.779 1.052.573 All of the group's activities derive from continuing operations during the above two periods. The fiumts breakdown foT 2024 15 shown in Dote 22. Page 13 Harrow Carers (RegistratSon number: 03325055) Consolidated Balance Shect as at 31 March 2025 2024 (Restated) 2025 Note Flxed assets Intsngible assets Tan8ibl¢ ass¢ts 15 16 49.222 671,042 98.443 687.144 720,264 785,587 c￿rrellI assets Debtors Cash at bank and in hand 17 427,481 533,003 262.502 639,647 960.484 902.149 Credfitors: Amounts fAlllng due wlthin one year 18 (245,748) (345,943) N¢t ¢urreD¢ a$$¢ts 714,736 556,206 Total assets less eurrent Ilabllltles 1,435,000 1,341,793 Credilors: Amounts falling due after more than year 19 (270,228) (289,220) Net assets 1,164,772 ,052,573 Funds of the group: Restrieted tsnds 332,856 261,779 Ullrestrleted income funds Unrestricted funds 831,916 790,794 Tolal funds 22 1,164,772 1,052,573 Page 14 Harrow Carers (Registration number: 03325055) Consolidated Balance Sheet as at 31 March 2025 The charitable ¢ompany is entiiled to exemption from audit under Section 477 of the Companies Aet 2006 for the year ended 31 March 2025. The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements. Thes¢ f]nan¢ial statements have been audlted under the requirements of Section 145 of the Charities Act 2011. The tn￿teeS acknowledge their responsibilities for: (a) Ensuring that the charitable company keeps records that Comply with Section 386 and 387 of the compani￿ Act 2006 and (b) Preparing finallcial statements which give a ttwe and fair view of the staTr of the affairs of the charitable company as at the end of the financial year and of its surplus or deficit for each fmancial year in accordance with the requirement of Sections 394 and 395 and which otherwise compty with the requirement of the Companies Aci 21)06 relatin8 to fman¢ial statement, so far &8 &pplicable to the charitable company. These fmancial statements have been prepared in accordance with the provision applicable to clwitable companies subject to the small companies Tegime. The fmancial &tatement& on pages 12 to 41 were approved by the trustees, and authorised for issue on 27 November 2025 and signed on their behalf by: Dr Peter Be￿oll Trust¢¢ Page 15 Harrow Carers (Registration number: 03325055) Bllance Sheet as at 31 Marcb 2025 2024 (R￿￿ted) 2025 Note Fixed assets Tangible assets Jnvestm¢nts 16 667,771 250,000 682,899 250,000 917,771 932.899 Current assets Debtors Cash at bank and in hand 17 455,181 481,426 374,081 501.625 936,607 875,706 Credltors: Amounts falling due within OD¢ y¢*r 18 (218,079) (315,395 Net eurrent assets 718.528 560,311 Total assets less current liabilities 1,636,299 1,493,210 Creditors: AmouDts falling due after more ihan one year 19 (270,228) (289.220 Net Assets 1,366,071 1.203.990 Funds of the charity: Restrleted funds 332,856 261,779 Unr¢strl¢t¢d Income fumds Unrestricted funds 1,033,215 942,211 Total fund5 22 1,366,071 1,203,990 Page 16 Harrow Carers (Registration number: 03325055) Balane¢ Sh¢¢t as at 31 Mgdrch 2025 The charitsble c(Anpany is entitled to exemption from audit under Section 477 of the Companie5 Act 2006 foT the year ended 31 Mareh 2025. The members have not deposited notice, PUTsuant to Seclion 476 of th¢ Companie5 Act 2006 requiring an audit of these fllwicial statements. These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011. The trustees acknowledge their responsibilities for- (a) Ensuring that the charitable company keeps records that compty with Section 386 alld 387 of the Compani¢5 A 2006 and Ib) Pr￿j￿ing fmancial 5tstement5 which giv¢ a true and fair view of the state of the affairs of the charitable company as at the end of the f]nancial year and of its sU￿lUS or deficit for each fmancial year in accordance with the requirement of Sections 394 and 395 and which otherwise comply with the requirement of the Companies Act 2006 relating to financial Statement, so far as applicable to the charitsble ¢(￿nPanY. These fin8ntial statements. have been prepared in accordance with the provision applicable to charitable companies subject to the small companies regime. The flliancial statements on pages 12 to 41 were approved by the truthes. and authorised for issue on 27 November 2025 alld signed on their bebalf by: Dr Peter Beynon Thistee Page 17 HArrow CArers Consolidated Statement of Casb Flows for the Year Ended 31 March 2025 2025 2024 Note Cash flows from operating activitie5 Net income 112,199 67,132 Adjustments to eash floivs from nonpcash items Depreciation Arnortisation Interest received Interest payable 25,073 49,221 (11,255) 23,487 25,976 49,221 {10,576) 198,725 157,506 Working capital adjustm¢Dts ncreas¢Vd¢cTea$e in debtors (Decreaseyincrease in creditors 17 18 (164,979) 96,561 118,697 54,803 Net cash flows from operating ￿tIvItieS 62,815 331,006 Casb flows from investing *etlvltles Inte￿st r¢¢¢ivable and similar income Purchase of tsngibl¢ fixed assets Nel cash flows from investing activities 11,255 8,970) 10,576 (1,654) 16 8,922 Cash flows from financing activities InteTest payable and similar chaTg¢s Repaynent of loans and borrowing5 (23,487) (22.627) (25,753) {57,463) 18 Net cash flows from financing activities Net (decreas¢yincrea5e in ¢a8h and cash equivalents 46,114 83,216) (106,644) 639,647 256,712 Cash and cash equtvalents at the begi[￿ing of the year Cash and cash equivalents at the ending of the year 382,935 533,003 639.647 All of the cash flows are dcrived from ¢ontinuing operations during the above two periods. Page 18 Harrow Carers Notes to the Financial Statements for the Year Ended 31 March 2025 I Charlty status The cl￿rity is limited by guarantee, incoryKifdted in England and Wales , and consequently does not have share capitsl. Each of th¢ trustses is liable to eontribute an arnount not exceeding £1 towards the ps5cts of the charily in the event of liquidation. The address of its registered office is: 376-378 PinneT Road Harrow Middlesex HA2 6DZ These financial statements were authorised foT issue by the trustees on 27 November 2025. 2 Accounting policies Summary of sfignlfi¢ant a¢eountlng polleles and key accountlng estlmatss The principal a¢¢ounting poli¢ies applied in the preparation of these financial statements are set out below. These policies have been consistent]y applied to all th¢ years presented, unl￿$ otherwi&e stated. Statement of compliance The fmancial statements have been prepared iTJ a¢¢or(tsne¢ with Atcounting Reporting by Charities: Statement of Recornmmd¢d Pr&ctice applicable to charities preparing their accounts in ac¢oTdanc¢ with the Financia] Reporting Standard applicable in the UK and Republi¢ of treland (FRS 102) (effective l January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also wnply with tbe Companies Act 2006 and Charities Act 2011. Basis of preparalion Harrow Carers meets the definition of a public benefit cntity under FRS 102. A55ets and liabilittes are initially recognised at historical cost or transaction valuc unless otherwise stated in the relevant accounting policy nol¢s. Ba$is of eonsolldatlon The consolidated financial ststements consolidate the financial statsments of the charity and ils Subsidiary undertaking, Elite Specialist CaTe Limited (a wholty owned subsidiary) drawn up to 31 March 2025. The eonsolidation is prepared on a line by line basis. No statement of fmancial activitivJ 15 presented foT the charity as p¢Tmitted by s¢clion 408 of the Companies Act 2006. Page 19 Harrow Carers Notes to the Financial Statements for the Year Ended 31 March 2025 A subsidiary is an en1ity controlled by the charity. Control is achieved where the charity bas the power to goven) the financial and operating policies of an entity so as to obtain benefits from its activities. The results of subsidiaries acquired or disposed of duTiDg the year are included in the statement of financial activities from the effective date of acquisition or up to the eff￿tIVe date of disposal, as appropriate. Where necessary, adjus1ments are mad¢ to the finallcial statements of subsidiaries to biing their accountiTLg policies into line with those used by the group. The ￿rChase method of accounting is used to account for busiDcss combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets give equity instnunents issued and liabilitics incuNed or assumed at the date of exchange. plus costs directly attributable to the business combination. Identifiable a55¢ts acquired and liabilities and contingent liabilities assumed in business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer's interest in the net fair value of ihe identifiable o5sets. liabilities and ¢ontingent liabilities recognised is re¢orded as goodwill. Inter-company transactions. balances and unrealised gains on transactions between the charity and its subsidiaries, which are related parties, are eliminated in full. Intra-group Iossu are also elirninalcd bul may indi¢at¢ an impairment that requires recognition in the consolidated financial statements. Accounting policies of subsidiari¢$ have been changed wbere necessary to ensure consistency with the p)Iici¢5 adopted by the group. Non-controlling interests in the net assets of consolida￿d subsidiaries are identified separately from the group's equity therein. Non-controlling interests consist of the amount of those inteTe5t5 at th¢ date of the original business combination and the non-¢ontrolling shareholder's share of changes in equity since the date of the combination, Total comprehensive income is attributed to non-controlling inlerests even Af this results in the non-controllin8 interests having a deficit balance. Going concern The ttvstees consideT that there are no malerial uncertaintlC5 about the group'g ability to continue 8s a going concern nor any significant areas of uncertainty that affect the carying value of assets held by the group. Income and endoiYmtnt$ All income is recognised once the charity has entitlement to the income, it is probable that the income will be Teceived and the amount of the incorne Teceivable can be measured reliably. Dtsnailons and legacies Donations are reCO￿lsed when the charity has been notified in writing of both the amount and settlement date. In the event Ihet a donation is subject to ¢ODditions that require a level of perfonnaDC¢ by the ch8rity before the Charity is entitled to the funds, the income is deferred E4nd Dot re¢ognised until either those conditions are fvlly mel or the fulfilm¢nt of thos¢ conditions is wholly within the control of the charity and it IS Probable that these conditions will be fulfill￿ in the r¢porting period. Page 20 Harrow Carers Notes to the FinAncial Statements for the Year Ended 31 March 2025 Deferredlncome Deferred income represents aTnountS TeceTved for filture periods and is released to incoming T¢50urces in the period ror Whic￿ it has been received. Such income is only d¢f•T¢d when: - The donor specifies that the grant or donation must only be used in future accowiting periods. OT - The donor ha5 imposed conditions which must be met before the charity bas unconditional entitlement. Expenditure All expenditure is recognised once there is a legal or ¢onslTUCtive obligation to that expendithre, it is probable settlement is required and the amount can be measured reliably. All costs are allo¢at¢d to the applicable expenditure heading that 888regate similar costs to that category. Where costs Cannot be diTectty attributed to particular headings they have been allocated on a basis consistent with the use of resources. with central staff costs allocated on the basis of time spenL and depreciation charge5 allocated on the portion of the asset's use. Other $upport costs are all￿ated based on the spre&d of staff cogt5. Raisingfund These are costs incurr¢d in attracting voluntary income, the management of investtnents and those incurred in trading activities that raise funds. Charllable acilvllles Charitable expenditure comprises those ¢osts incurred by the charity ID the delivery of its activities and services for its beneficiJri¢s. It includes both cost5 that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Support wsts include central fijnctions and have been allocated to activity Cost categorie5 on a basis consistent with the use of resources. for example. allocating property ¢osts by floor areas, or per capita, staff costs by the time spent and other cost$ by their usage. Governance costs These include the costs attributsble to the charity's ¢omplianc¢ with constktutional and ststulory requirements, in¢luding audiL strategic rnarjagement and tristees, meetings and reimbursed expens¢s. Taxatlo The charity is ¢onsider¢d to pas5 th¢ tests set out in Paragraph I Schedule 6 of ihe Finance Act 2010 and therefore it meets th¢ defjnition of a charitable company for UK corporation tsx pU￿OSe5. Accordingly, the charity 15 Potenlialty exempt from taxation in respect of income or Capital gains received within categories covered by Chapter 3 Part I I of the Corporation Tax Act 2010 or Se¢tion 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to cl￿rItable purposes. Tangfible rued assets Individual fixed assets are initially recoTded at cost, less any subsequent accumulated depre¢i8tion and subsequent a¢¢umulated impairnient losses. Pag¢ 21 Harroiv Carers Notes to the Financial Ststements for the Year Ended 31 March 2025 AmortisAtion Amortisation is provided on intangible fixed assets so as to write off the cost, less any ¢51imated r¢sithJal value, over their expected useful economic life as follows: Asset class Goodwill Amtsrti$8tion method rate 20 /0 Strdight line Depreciation DepreciatlOD is provided on tangible fixed assets so as to write off the cost or valuation, less any esttmated residual value. over their expected usefi]l economic life as follows.. Assct class Freehold property Computer equiprnent Depreciation method and rate 50 years on cost of building 25D/o Straight line Business combinations Business combinations are accounted for under the purchase method. Where necessary, adjustra¢nts are made to th¢ financial statements of subsidiaries to bring the accounting policies used into line with those used by the group. All Intr￿rOUp transaction5. balances, inc¢)me and expenses are eliminated on Consolidation. In accordance with Section 35 of FRS 102, Section 19 of FRS 102 has not been applied in these fU￿nCial statements in Tesp¢¢t of business combinations effected prior to thc date of tr4n5ition. Trade d¢btors Trade debtors ar¢ arnounls due from customers for MerCh￿dISe sold or services perforn]ed in the OTdinary course of business. Trade debtors are re¢ogni$ed initialty at the transaction price. They are subsequently measured at 8morti5ed cost using the effective interest method, 1¢5s provision for impairnient A provision for the impaiment of trade debtors is established when there is objective evidence that the charity will nol be able to coll¢ct all amounts due according to the OTiginal terms of tbe receivables. Cash and cash equivalents Cash and cash equivalents compTlSe cash i)n hand and call deposits. and other 5hort-terni highly liquid investmeDtS that are readily convertible to a known amount of casb and are subject to an insignificant risk of change in value. Trad¢ creditors Trade cr¢dilors are obligations to pay for good5 or services that have been acquired in the ordrnary cour5¢ of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an uncoThditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after Ihe reporting date. If there is an ullcondilional right to defer settlement for at least twelve months after the reporting date, they are presented a5 nollmcurrent liabilities. Trade creditorJ are recognised initiplly at the tran￿ctIOll pri¢c and sub5¢qu¢ntly m¢a$ur¢d at amortised cost using the effective interest method. Page 22 Harrow Carers Notes to the Financial Statements for the Year Ended 31 MAreh 2025 Borro)vings Inl¢r¢st-bearing borrowings are illitially recorded at fair value, net of transaclioll costs. Interest-bearing bo￿ow]ng$ are subsequently caTried at arnortised cost, with the difference between the proc¢¢ds, net of transaction costs, and the amouELt due on redemption being recognised as è charge to the Statement of Financial Activities ovcr the PCTiI)d of the relevant borrowing. Interest expense is recognised on the basis of the effective inleresl method and is illcluded in iDteTest payable and similar charg¢s. BoTrowings are classified as current liabilitie5 unles5 the charity has an un¢onditional right to defer settlement of th liability for at I¢￿t Iwelvc months after the reporting date. Fund structure GerLeral unrestricted funds - These are fiinds wbi¢h can Ix used in accordance with the charitable objects at the discretion of the Trust¢e5. Designated unrestricted funds - These are fimds set asid¢ by the trnstees out of unrestricted fjjnds for specific future pu￿OSe. Restricted funds - These are fiJnd5 thal Can onty be used for particular restrlcted purposes. RestTictions arise when specÉfied by th¢ donor. Finaneial instruments Clqsstylcailon Financial assets and financial liabilities are recognised when the group becomes a party to the ¢ontra¢tual provisions of the instnunent. Financial liabilities and ¢quity instruments are classified according to the substsn¢e of the ¢ontrath]al amng¢ments entered into. An equity in5trurnent is any contract that evidences a residual interest in the asset5 of the group after d¢du¢ting all of its liabilities. Page 23 Harrow Carer8 Notes to the Financial Statements for the Year Ended 31 March 2025 Recognlllon and meosurement All financial assets and liabilities are initially measured at transaction price (including transa¢tiOD ¢OSt$X except for those financial ass¢ts cl&88ified as at fair value through profit or los4 which are initially measured at fair value (whi¢h is norn)ally the transaction price ex¢luding transaction costs), unless the arrangement constitutes a financing transaction. If an a￿angement conSti￿teS a f￿ancing transaction, the financial asset or fmancial liability is measuT¢d at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are onty offset in the slatement of financial position when, and only when there ¢xists a legally enforceable right to set off the recognised amounts and the group intends ¢ither lo settle on a net basis, or to realis¢ the assel and s¢ttl¢ the liability simultaneousty. Financial &ss¢ts are derecognised when and only when a) the contractual rights to the cash flows from the fmancial &8s¢1 expire or are settl¢d, b) th¢ group transfers to another party substantially all of the risks and rewards of oMry]ership of the financial asseL or c) the group, despite having retained some, but not all, 51bmlfic￿t ri5k5 and rewards of ownership. has transferred control of the asset to another paty. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Page 24 Harrojv Carers Not￿ to the Financial Statements for the Year Ended 31 March 2025 Debi IDs¢ruments Debt instnnnents which meet the following conditions are subsequently measured at amortised c05t using the effective interest method.. {a) The contractual return to the holder is (i) a fixed amount. (li) a positive fixed rate or a positiv¢ variable rdte" or {iii) a combination of a positive or a negative fixed tate and a positive variablc ratc. Ib} The contrnct may provide for repayment5 of the principal or the return to thr holdcr O)ul not both) lo be linked to a Single relevant observable index of generdl price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged. (c) The contract may Provide foT a detenninable variation of the return to the holder duTing th¢ life of tbe instnllnent. provided that (i) the new ratc satisfies condition (a) and the varialion is not contingent on future events other than (I) a change of a contrdctual variable rdt¢" (2) to protect the holdcr against crcdit dcteriorntion of the issuer, (3) changes in levies applied by a central bank or arising from changes in relevant tsxation OT Iw. or (li) the Dew rdl¢ is a maTk¢t rate of interest and satisfies condition (a). (d) There is no contractual provision that could, by its tern)s, result in the holder losing th¢ principal arnount or any interest attributable lo the current period orprior periods, (e) Contractual provisions that pern]it the issuer to prepay a debi instnunent or pennit the holder to put it back to the issuer before maturity are nor ¢onting¢nt on futyre events, other than to protect the holder again￿ the credit deterioration of the issuer or a change in control of th¢ iSSU¢T. OT to protect the holder or issuer against changes ill levies applied by a central bank or arising from changes in relevant laxation or law. (fj Contractual provisions may pern]it the extension of the terni of th¢ debt in5tnunent. provided that the retLrn to the holder and any other contractual provisions applicable during the extended tsrni satisfy ihe conditions of paTagraphs (a) to (c). Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions aTe measured at the undiscounted atnoutrt of the cash or other consideration expected to be paid or received, net of impairment. With the exceplion of some hedging instnmients. other debt illstrurnellts not ￿eeting these conditions are rneaSu￿d at fair value through profit or loss. Committnents to make and receive loans which meet the ¢(￿ditiOnS mentioned above are measured at cost (which rnay be T]il) less impaimient. InVestn￿nts ]nvestments in non-conv¢rtibl¢ Pref￿enCe shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably meawrable) are measured at fair value through Profit OT Ios5. Wh¢T¢ faiT valu¢ cannot Ix me&surd r¢liably. inv¢$lrll¢nts are m¢asured at cost less impainnenL Investments in subsidiaries and associates are measured at cost less impairnient. For inv¢stments in subsidiari¢5 acquir￿ for ¢oJJsideration including the issue of shares qualifying for merger relief, cost is n]easuTed by Teference to the nominal value of the shares issued plus fair value of other cottsideration. Any premium is ignored. P&ge 25 Harrow Carers Notes to the Financial Statements for the Year Ended 31 M2rch 2025 Falr vrtlue W￿05￿reMent The best evidence of fair value is a quoted price for an identical ass& in an active niarket. When quoted pri¢¢s are unavailable. the price of a recent transaction for an identical asset provides evidence of faiT valu¢ as long as there has not been a significanl change in economic circumstsnces or a significant lapse of time since the transaction took place. If the market 15 not active and recent tran5a¢tions of an id¢ntiral a$set on their own are not a good eslimate of fair value, the fair value is estimated by using a valuation teclmique. Page 26 Harrow Carer8 Notes to the Financial Ststements for the Year Ended 31 March 2025 Prior ptriod errors During the ¢UTrent financial P¢Tirf the Group undertook a review of th¢ allocation of fund& across various categories and identified that the freehold propety and the associated mortgage had been inCo￿eCtfy allocated to Restricted Fwjds. Upon reasses$menL It was detenlli￿ that thes¢ ossets and liabilities should have been allocatsd to UnJEstricted Desiwted Funds, refiecting their ij]tsnded use knd natu￿ more accurotely. As a resulL th¢ Group ha8 correct¢d the allo¢ation in the current year's fllwicial statements and reststed the prior year balan￿3 to ensure consist¢n¢y and ¢omparability. The reatrzted bllthThcesheeta¥ Df yellr Ended 31 f#llfth 2(tr24 is folDW Xt24 AdJu¥iment 2024 Reststed F6nanclRI itat£mont IlAe Fund A¥ pre¥lou•ly Slated TIn9lb￿ tsedas8et& Unr&itslctettdeslon8ted funrf% RlatrSlod fvrKIÈ 670.884 (670.8M) 670.884 670.8B4 Cthrrent a￿et& Currmt 08￿1> UnrestrJc￿ geTrer41 ILMOJ RestryAed $12,116 1287) 40.03 511,829 Cred10￿ onwunts li￿￿ duo withi7 one yw LSnrv•trrlod+lwDptsd Credlors". TllkngdiEe wtthln one yMr U￿￿tr*I¢d ￿e￿ernI fun0¥ Credlors.. amounts faknodtse witmhi oneyear ResJrictett fvnO¥ 158,286 128.396 (S62￿} (161.1161 V28,S411 (289.5121 116,6S91 Cr•dI0￿ aThLmts faknpdu• af￿r oneyear Ltnwostrd￿41e¥￿Tra￿J Cred¢r4.' amounts ljknodue after on?year Fieotrjcled fund4 (2b9,220} 289220 C28922DI C2892201 Fu•d• glth¥ F¥nd& Unr••trkn de••Jlla￿ luTrd• UTrr6&trKted ￿￿￿ra1 fuThd• C325,3781 (8D2,724) 403,711 132S,378) I4￿41$1 1&1,779} (T14264 The restaterf stster*Tht of acthfth% tDrthe year endEd31 Ilarth2024 l¥ Ja fokbws.. 2024 X*24 Adlu*tme&t 2024 FfnaDBllll $14t8ment Tte Fund As previou¥6Y state ch8ril81>￿ 8xpenthJre Charkbb actl41¢$ •xpen¢ttur• UnroBtrfctedd88*3nfited fund9 Re&trrled fund 41,8C12 (41,$02) 41A12 59Q731 64Q,SSJ Tf*è re¥tEted bptsnce sheet ifterthE abLJve Od)JS￿￿tY1s é8 IDIow4." Finfjnciil •totem•ntlln¥ rt•m 31 M*r£lt 1025 31 1*8rttlJ 2024 RB&tated 670.W l Apr112024 Llnr•stricteddesis7nateil Restricaed fmnds Unrestr*ted ueTreral funrfs estrfded fvnda Cred10￿ afflounts fafknidue wtthki one year UnrestrLted deswiatert Crèd&Drs.' 4rnou*ls f4kngdue wtthhTr oney•ar Unre$tr￿led general amount• f•kngdue wlhin on•y¢ar RestrtrAett fvnd Credltors.. jmowts èft¢r¢ne y*ar Unf¢$trkleddèg*n•hd tyAd$ Cfethtm fa*9 dut oftef oneymr Reitrk4•d fvnd¥ Fund• UnrestihSeddÈ•bJftoted fundo Funds Unrest1￿￿ert ienernl hrTrda Fund$ Restricaed luftdt 654,028 687.740 Tangl>k rLxe&as￿tS Current 8uels 32,882 *J27W2 (9&7SS (52.2461 (94,7461 (270,2281 511,829 39J.320 (56.286> 1161,116> 112ts.M11 t289,22ts1 579.216 .830 117.972} Q25.178) 13ts2.S8B} 1285,11441 1546,8721 1332.8561 1325.3781 14L4 41e (261.779} 1367,18DJ 192.S301 Page 27 Harrow Carers Notes to the Financial Statements for the Year Ended 31 March 2025 3 Income from donations and legacie5 Unre$trieted funds Res¢ri¢ted funds Total 2025 Total 2024 General Donations and legacies. Donations 102,259 113,124 10,865 102,259 113,124 21,130 4 Ineome from eharitable Activities UDreslri¢ted runds Restricted nds Total 2025 Tolal 2024 Gener41 In¢om¢ from charitsble &clivities 1,542,760 466,070 2,008,830 1,868,023 2025 2024 Age UK Harrow Hillingdon & Brent Awards for All BBC Childr¢n in Need Car¢r Support ICC NWP Caret5 Trusl Making Carers Count Central North Wesl London Mental Heath Trnst C¢ntre S¢rvi¢e5 Caff Act (Harrow Council) Charity of Sir Ri¢hard Ivhittington City Bridge Foundation CNWL Youth Wellbcing Community Cafe (salary reimbuTsem¢nt) Core Souter Charitable Trust Dernentia- Masonic Grant Dementia- Th¢ Jcan and Der¢k King Trnst GaTfield Weston Foundation Harrow Change Makers Harrow Council DNAV Harrow Giving Harrow Giving (Community Champions) 67,979 20,000 19,553 43,660 14,991 4,557 124,785 8,000 33,100 1,350 39,218 78,681 20,385 29,134 87.456 12,054 124,782 26,945 32,650 21,965 3,000 4,768 5,000 13,315 7,366 9,922 27,196 23,333 7,534 7.405 19,500 36,667 Page 28 Harrow CArers Notes to the Financial StstemeDt$ for the Year Ended 31 Marth 2025 2025 2024 Harrow Parent Carer Fon]m 14arrow Together- Stories of Ha￿oW Harrow Together Car¢rs in Care Homes HIU Co-OrdiDator post John Lyon's Charity (SHAF) John Lyon's Charity NHS NWL- ICB National Lottery Community Fund Nationwide Other income (unrestricted) Other restricted in¢om¢ Respite Care S¢rYi¢e$ (UT￿stricted) Shaftesbury Enterprise Shatdy Foundation Sphere PCN Sports England The Headley Trust The London Borough of Ham)w Mayor's Appeal Time for Me W0￿1ng for Carers Young Carers Assessment 41,439 2,500 20,219 28,500 45,633 5,999 36,000 41167 104,505 7,425 96.849 6,696 875,387 48.000 3.000 6.190 50,000 42,167 160,137 18,539 19,499 52,255 987,850 38,205 6,273 12,500 8,740 10,01)o 12.500 21,428 45,000 1,868,023 45,000 2,008,830 The restricted income received during the year w&8 for supwt of care activities carried out by the charity mainly for paying wages & salaries of Particul￿ care WOTkers. Page 29 Harrow Carers Notes to the Financial Statements for the Year Ended 31 March 2025 5 1nve5tmellt income Unrestricted runds TotAI 2025 Total 2024 G¢D¢r41 Deposit account interest 11,255 IE,255 10.576 6 Activity wise total income Young carers Home care Homt sh4re Working for carers Adult CommoD services carers Total Respite c8re 5erYic¢s Grants 997,723 997,723 198,356 1,071,863 34,938 65,535 188,581 88,891 596,036 30,597 188,581 997,723 30,597 88,891 596,036 233,294 2,135.121 Young carers Home Home shire WorkiJ)g for carers Adult carerg Common services Total Unrestricted ￿ndS Restricted fjjnds 95,178 93,403 997,723 30,597 441,382 154.654 1,564,880 570,241 88.891 233,294 188,581 997,723 30.597 88,891 596,036 233,294 2,135.121 7 Charitable activities expenditure Direet costs Support Costs 2025 Total 2024 Total Other direct costs SalaTies & wages Establishment cost Administration cost Gov¢nwi¢e cost 108.727 1,702.133 34,455 111,256 108,727 1.702,133 34,455 152,831 24,776 109,542 1,495,907 38,531 150268 40,060 41,575 24,776 1.956 571 66,351 2,022.922 1,834,308 Pag¢ 30 Harrow Carers Notes to the Finaneial Ststements for the Year Ended 31 Mareh 2025 8 Analysis of governance and administrative wpport eosts Goverll4nce costs 2025 2024 Audit fee$ . audit of th¢ fmancial ststements Legal fees Subscriptions Accountancy & legal fees 12,000 2,187 7,423 11,340 7,379 10,256 24,776 40,060 AdministrAtivt support tosts 2024 2023 BaDk charg¢ Bank interest Computer cost 868 23.487 17,220 908 25.754 21,190 41,575 47,852 9 Aetfvlty wlse total expenditure Young carers Home ¢ar¢ Home sha Working for earers Adllll rers Common services Totsl Total costs 155.53 1 308,423 19,238 15,447 311,132 1,213,331 2,022,922 155,531 308,423 19,238 15,447 311,132 1,213,331 2,022,922 Young carer5 Home care Home share Working ror earers Adult carers Common servlces Total General Designated Restri¢tcd fiu 308,243 4.096 1.172.997 1.485.336 40.334 40,334 497,252 155,531 19238 15,447 307,036 155,531 308,243 19,238 15,447 311,132 1,213,331 2,022,922 Page31 HArrow Carers Notes to tbe Financial Statements for the Year Ended 31 March 2025 10 Net incomingloutgolDg resour¢ Net outgoing resoU￿e8 for the year include: 2025 2024 Audit fees Depreciation of fixed assets Amortisation of goodwill 12,000 25,072 49221 11,340 25,977 11 Trustees rem•neration and expenses No trustees, nor any persons ¢onne¢ted with them. have received any ranuneration from the group during the year. No INstees have received any reimbursed expenses from the charity during the year. 12 Stlfi eo$ts The aggregate payroll costs were as follow5: 2025 2024 Staff costs during the year were: Wages and salari¢s Social security costs Pension costs Holiday pay 1.549,134 139,477 13,522 1,359,878 100,732 19,095 16,202 1.702,lJ3 1,495,907 The monthly average number of person$ (including senior n￿￿gement team) employed by the gTOUP during the year expressed a5 th11 time equivalents was a5 follows: 2025 2024 Mallagernent Finance & administration Proj¢ct & S￿vIceS 74 74 78 78 No employee received emoluments of more than £60,000 during the year. Page 32 Harrow Carers Iyotes to the Financial Statements for the Year EDded 31 March 2025 13 Auditors, remuDerdtiOD 2025 2024 Audit of the financial statements 12,000 11,340 14 Taiatlon The gTOUP is a registered clwity and is therefor¢ exempt from taxation. 15 llltangible fixed assets Group Goodwill Tot21 Cost At l April 2024 246,106 246,106 At 31 March 2025 246,106 246.106 Amortisalion At l April 2024 Charge for the year At 31 March 2025 147,663 49221 147.663 49,221 196,884 196,884 Net book value At 31 March 2025 49,222 49222 At 31 Marth 2024 98,443 98,443 Page 33 Harrow Carers Notes to the Financial Statements for the Year Ended 31 March 2025 16 Tangible r￿ed assets Group Land and building$ Computer equipment Total Cost At l April 2024 Additions 842.778 100,083 8.970 942.861 8,970 At 31 March 2025 842.778 109 053 951.831 DepreelA¢ion At l April 2024 Charge for the year 171,894 16.856 83,823 8.216 255,717 25,072 At 31 March 2025 188,750 280,789 1¥4et book value A¢ 31 March 2025 654,028 17.014 671.042 At 31 March 2024 670,884 16.260 687.144 ChArlty Land and bMilding$ Computer tqyipment Totsl Co$t At l April 2024 Additions 842,778 75,414 8,970 918.192 8.970 At 31 March 2025 842,778 84,384 927,162 Deprecialion At l April 2024 Charge for the year 171,894 16,856 63,399 7,242 235,293 24.098 At 31 March 2025 k88,750 70.641 259.J91 Iyet book value At 31 March 2025 654,028 13,743 667,771 At 31 March 2024 670,884 12,015 682,899 Page 34 Harrow Carers Notes to the FiDancial Statements for the Yvar Ended 31 March 2025 17 Debtors Group Charity 2025 2024 2025 2024 Trade debtors Due from group undertakings Prepayments Ar￿U¢d income Oth¢T d¢btor5 265,048 181,942 123,616 169,133 622 26,758 135,052 87,870 207,259 622 26,758 135,053 33,807 46,753 33,807 45,145 427.481 262,502 455,181 374.081 18 Credltor$: amounts f•lllng due within ont year Group Charity 2025 2024 2025 2024 Bank loans Trade creditors Other laxation and social yecurity Other crnditors A¢¢n￿lS Defered income 16,689 32,279 20,324 17,494 23,481 47,576 35,148 201.920 16,689 30,519 20,324 17,161 13,784 46,033 16,173 201,920 143,468 42,199 11,113 136,534 23,224 11,113 245.748 345,943 218,079 315,395 Deferred illeome 2025 2024 Defeffed income at l April 2024 Resources deferred in the period Amounts released from previous periods 201,920 113,249 304.056) 123,878 201.920 {123.878 Deferred income at year end 11,113 201,920 19 Creditors: amounts falling due after one year Group Charity 2025 2024 2025 2024 Bank loans 270,228 289,220 270,228 289,220 Page 35 Harrow Carers Notes to the Flnancfial Ststements for the Year Ended 31 March 2025 20 Secured debts The grouplclwity's bank loans are secured by a ￿ed charge ov¢r th¢ freekold propety. and a floating charge ov¢r the other assets of the grouplcharity. The following debts are included with in ct¢ditOTS'. 2025 2024 Bank loans 286,917 286,917 309,544 309,544 21 I￿8￿$ malurlty anatysts 2025 2024 Amounts falling due within one year.. B8nk108ns 16.689 20.324 Amounts falling due between two and fve years", Bank loans P-5 years) 66.755 66.755 Amounts fallin9 due in more than fve years: Bank loan over five years 203.473 222.465 Page 36 Harrow Carers Notes to the Financial Statements for the Year EDded 31 March 2025 22 Funds Group B¥lanc¢ at April 2024 Oieslated) Incoming r¢sourc¢s Resoure&8 expended Bal&nee &t 31 Marcb 2025 Ullrestrieted funds Genero1 Unrestricted ￿nd 465,416 1,566,792 (1,485,336) 546,872 Deslgn4tsd Unrestricted fund 325,378 (40,334) 285,044 Total unrestricted funds 790.794 1.566,792 (1.525.670) 831,916 Restricted funds R¢5tricted fund 261.779 568,329 497,252 332,856 Totsl funds 1.052.573 2.135,121 (2,022,922) 1,164,772 Balante at Bxlallee at I Incoming Resources 31 March April 2023 resources expended Transfers 2024 IRestated) IRest8t¢d) (Reslated) (Restated) (Restated) Unrestricted funds General unrtstrl￿ed fimd 525,431 1,005.653 (1,193.775) 128.107 465.416 Desigftaled Unrestricted fund 367,180 (41,802) 325,378 Totsl unr¢strl¢t¢d funds 891611 1,005,653 (1,235,577) 128,107 790,794 R¢strictcd funds Restricted fund 92.830 895,787 {598.731) (128.107) 261.779 Totsl funds 985,441 1,901,440 (1,834,308) 1.052,573 Charity Page 37 Harrow Carers Notes to the Financial Statements for the Year Ended 31 March 2025 Balance at I April 2024 Ineomibg resources Resources expended Balance 4131 Mareh 2025 Unr¢5trict¢d fund$ Gelléral Unrestricted fund 616,833 609,146 {477,808) 748,171 Designaled Unrestricted fund 325,378 (40.334) 285.044 Total Unrestricted funds 942211 609.146 (518.142) 1,033.215 Restricted funds Restiicted fulld 261,779 568,329 {497,252} 332.856 Total fuDds 1.203.990 1,177.475 (1.015,394) 1.366.071 Balanre at Bal4D¢¢ at I IDcoming R￿QUr¢¢$ 31 March April 2023 resource5 expended Transfers 2024 Oiestated) (Restated) (Restated) {RestAted) (Restated) Ullrestrieted fwblds Genernl Unrestricted fund 625.689 475.643 (612,606) 128,107 616.833 Deslgnaled Unrestricted fund 367,180 41,802 325,378 Total unrestricted funds 992,869 475,643 (654,408) 128,107 941211 Restricted funds Restricted fund 895787 598,731 128 107 261779 Total fund$ 1,085,699 1,371,430 (1,253,139) 1203,990 Page 38 Harrow Carers Notes to the Financial Statements for the Year Ended 31 March 2025 23 Anaty5is of net 4s$ets belw¢eD funds Group Unrestrleted thnds Totsl fund5 at 31 March 2025 Re8trieted funds Gtnernl Déiignat Intangible fixed assets Tangible fixed a&sets Cutrent asscts Cumt liabilities Creditors over l year 49.222 17,014 532,882 (52246) 49222 671,042 960.484 (245,748) (270,228) 654,028 427,602 (94.746) 198.756) (270,228) Totsl net as8¢ts 546,872 285,044 332,856 1,164,772 UJArestrict¢d funds Total funds at 31 March 2024 (Restated) Restri¢t¢d funds (Restated) General (Restated) Designated (Restated) IDtallgible fixed a55ets Tangible fixed assets Current assets Curreni liabilities C￿dItorS over l year 98,443 16.260 511.829 (161,116) 98,443 687,144 902,149 (345,943) (289,220) 670.884 390,320 (128,541) (56286) (289,220 Total nel assets 465,416 325,378 261,779 1,052,573 Pag¢ 39 Harroiv Cydrers Notes to the Financial Ststements for the Year Ended 31 March 2025 Cbarity Unrestrleted funds Totsl funds at 31 March 2025 Restricted rulld$ General Designated Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over l year 13,743 250,000 509.006 (24,578) 654,028 667,771 250,000 936,607 (218,079) 270 22S 427,601 (94,745) (98,756) 270,228 Total net assets 748,171 285,044 332,856 ,366.071 Unrestricted funds Total funds at 31 March 2024 (Restated) Restricted funds (R¢$lat¢d) General (Reststed) Deslgnated (R¢5tit¢d) Tangible r￿ed assets Fixed asset investtnents Current assets Current liabllities Creditors over l year 12,015 250.000 485,386 (130.568) 670,884 682,899 250,000 875,706 (315,395) 289.220 390,320 (128,541) (56,286) 289,220 Total net assets 616,833 325,378 261,779 1.203,990 24 Analysis of nel funds Group At 31 Mareh 2025 At l Aprll 2024 Cash now Cash at bank and in hand 639,647 (20,324) (289,200) (106,644) 3,635 18,972 533,003 (16,689) (270,228) Debt due within one year Debt due after more than one year Net debi 330,123 (84,037) 246.086 Page 40 Harrow Carer Notes to the FinAnelal Statements for the Year Ended 31 March 2025 Group At 31 March 2024 At l Aprll 2023 Cash llow Cash at ballk and in Iland 382,935 (64,420) (302,588) 256,712 44,096 13,388 639.647 (20,324) (289,200) Debt due within ODe ye Debt due after more than onc year Net debt 15,927 314,196 330,123 25 R¢l4t¢d party diselosures The Group has taken advantage of exemption, under the tern)s of Financial Reporting Standard 102 not to disclose lated party trall5actions with the wholly owned subsidiary within the Group. 26 Ultimate controlling party The company is controlled by the Board of Dir¢doTS and Tn￿le¢s. 27 Tb¢ liability ofib¢ guarantors The company is limited by guarantee. The number of members registered is 9, each of whose liability in the event of the company being wound up may not exceed £1. Page 41 Harrow Carers Detailed Statement of Financial Activities for tbe Year Ended 31 March 2025 Unrestrictsd funds Restrlcted funds Designated General 2025 2024 Intome and Endowments from: Donations and legacies (analysed below) Charitabl¢ a¢tiviti¢s (anatysed below) Invcstm¢rJt incom¢ (anatysed below) Other income (allalysed below) 10,865 I02,259 113.124 21.130 1.542,760 466,070 2,008,830 1,868,023 11,255 11.255 10,576 1,912 1,912 Total income 1,566,792 568,329 2,135,12l Expenditure on: Other direct costs (analysed below} Salaries and wages (anatysed below) Establishment costs (analysed below) Administrative costs (analysed below) Gov¢rnan¢e wsts (analysed below) Total expenditure (71.895) (36.831) {108,726) (109,542) (1241,735) {460,398) (1,702,133) {1,506.935) (34,454) (34,454) (38,531) (40,334) (112,475) (23) (152,832) (150.268) 24,777 24,777 29,032) 40,334 ,485,336 497,252 2,022,922 1,834,308 Net (expenditijreyincome Net movement in fimd5 40,334 81,456 71,077 112,199 67,132 (40,334) 81,456 71,077 112,199 67,132 Recomciliation ol funds Total ￿ndS brought forward 325,378 465,416 261,779 1.052,573 985,441 Totsl funds carried fonvard 285,044 546,872 332,856 1,164,772 1,052,573 Page 42 Harroiv Carers Detailed Statement of Finaneial Activities for the Year Ended 31 March 2025 2025 2024 DonalioKs and legrtcla Ap￿a]S and donations Appeals and donations (restricted) Donations 102.136 123 10,865 21,130 113,124 21,130 2025 2024 ChAritable acilvliles Trusts and foundation5 Charitable income (restricted) Charitabl¢ income Charitable incorne (unrestricted) 997,723 466.070 4,556 540,481 688209 895,787 284.027 2,008,830 1,868,023 2025 2024 Jnveslmenl income Deposit account Interest 11.255 11,255 10,576 10,576 Unrestricted funds Rtstrlcted funds G¢n¢ral 2025 2024 Olher direcl costs Direct costs Direct costs Trade sUbS￿lpt1OnS Staff welfare Travel and subsistence Travel and subsistetk¢¢ Advertising (32,723) (32.723) (53,918) (5.957) (3.067) (353) (1,503) (336) (53,918) (5,957) (3.067) (80,323) (2,491) (889) (353) (1,503) (1.915) (330) Page 43 Harrojv Carers Detailed Statement of FinAneial Aetfvltfies for the YeAr Ended 31 March 2025 Unrestri¢ted funds R¢stri¢t¢d funds General 2025 2024 Advertising Carer training stsff tratning Travellit volU￿eer expenses Volunteer expenses Bad debts written off (2,034) (2,034) (1,321) (1,231) (9,121) (2.098) (4.185) 9.121 (3.401) (1,321) (1,231) (9,121) (4.923) (2,098) (4.185) 9,121 (15.61KI) 71,895 36,831 108,726 109,542 Unrestricted fllndg Re$tr5¢t¢d funds General 2025 2024 Salarles dnd wages Subcontract cost Holiday pay Wages and salarA¢s (restricted) Wages and salaries (unrestrRcted) Staff NTIC (restricted) Staff NIC (unrestricted) Staff pensions (Defined contribution)- (restricted) stsff pensions (Defm¢d contribution)- (unr¢stri¢tcd) Temps and r¢cruitment (11,028) (16,202) (548.517) (811.361) {41.275) {59.457) (460.398) (460.398) (1,038.838) (1.038.838) (139.477) (139.477) (8,939) (13.522) (49,898) (13.522) (49,898 (1,702,133 (10,156) 1,241,735 460.398) (1,506,935) Page 44 Harrow Carers Detailed Statement of Financial Aetivities for the Year Ended 31 March 2025 Unrestrided funds Restricted fllnds Gellergl 2025 2024 Estdbll$hm¢nÉ ¢osts LighL heat and power Petrol or diesel Rent, rates and hall hire (8.479) (11.071) (2,417) 12,487) (34,454) (8,479) (11.071) (2,417) {12,487) (34,454) (11,060) (13,022) (4,661) (9,788) (38,531 Unrestrleted funds Reslrict¢d funds Designated General 2025 2024 Admlntstrathie Telephone and f Computer software and maintenance costs Prlnting, postage and stationery Printing. postage and stationery Loan interest Loan interest {unrestri¢ted) D¢pre¢iation of freehold prop¢rty Depreciation of office equipment Sundry expenses General expenses General expenses Bad debts WTitten off Bank charges Factoring charges Amortisation of goodwill (15,041) (15,041) (11,210) (17,219) (17219) (21.189) (15) (15) (3,932) (3,932) {23.478) (4,677) (24.946) (23,478) (9) (9) (807) {16,856) (16,856) (16,856) (8,470) (4,257) (8,470) (4,257) (8) (4,356) (13,358) (869) 4,257 (9,122) (s) {4,356) (13,358) (869) 4,257 (10,072) (1,260) (908) (49,221) (49,221) (49,221) 40,334 (112,475 (23) 152,832 150,268 Page 45 Harroiv Carers Detailed Statement of Financial Activities for the Year Ended 31 March 2025 UDre$trieted runds Restricted fulld$ Gener41 2025 2024 Gov¢rnan¢e etssts Direct costs Subscriptions Accountancy fees Audit fee5 MCM￿r5h1P fee Legal and professional fees Wages and salari¢5 Accountancy fees Legal and professional fce5 (4,799) (3.714) (2.190) (11.340) (4.051) 8,537 (1.023) (1.023) (12.000) (6.401) (12,000) (6.401) 3,000 (6.166) (2.187) 16,166) (2,187) (4,096) (7379) {24,777) 29,032 2025 2024 Transfers befveenlunds Funds - Transfer from another fund Funds - Transfer to another fund 128,107 (128,107) Page 46