**Registered number: 03250078 Charity number: 1062777**
## **DERBYSHIRE CARERS ASSOCIATION**
**(A company limited by guarantee)**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2024**
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Company, its Trustees and advisers**|1 - 2|
|**Chair's statement**|3|
|**Trustees' report**|4 - 9|
|**Independent auditors' report on the financial statements**|10 - 12|
|**Statement of financial activities**|13|
|**Balance sheet**|14|
|**Statement of cash flows**|15|
|**Notes to the financial statements**|16 - 32|
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024**
|**Trustees**|M K Hambly FRSPH, Chair|
|---|---|
||A Baraniak, Vice Chair|
||C M Mitchell, Trustee|
||W Shaw, Trustee|
||J Yeomans, Trustee|
||K Gough, Trustee (appointed 28 June 2023)|
||P E Lobley, Trustee (appointed 4 July 2023)|
||J Kerley, Trustee (appointed 4 August 2023)|
||N Ilyas, Trustee (resigned 4 August 2023)|
||D M Powell, Trustee (resigned 30 June 2023)|
||A O F Cotterill, Trustee (appointed 4 September 2024)|
|**Company registered**
**number**
03250078
**Charity registered**
**number**
1062777
**Registered office**
3 Park Road
Ripley
England
DE5 3EF
**Company secretary**
S H Weston
**Chief executive officer**
S H Weston
**Independent auditors**
Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ||
Page 1
## **DERBYSHIRE CARERS ASSOCIATION**
**(A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Bankers**
Lloyds Bank 12-16 Lower Parliament Street Nottingham NG1 3DA
Monmouthshire Building Society Monmouthshire House John Frost Square Newport South Wales NP20 1PX
Redwood Bank The Nexus Building Broadway Letchworth Garden City Hertfordshire SG6 3TA.
Page 2
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024**
The chair presents her statement for the year.
I am pleased to report yet another successful year. Our group of Trustees are all very committed to ensuring that, within the constraints of our service contracts and finances, DCA continues to provide the best possible support service for unpaid carers of all ages. Those who look after family members or friends face ever increasing pressures as they support those who cannot manage without help due to disability, illness, mental health difficulties, addiction or general frailty.
Throughout the year, we have been especially pleased that the charity’s staff group have continued to offer a high standard of service to carers including young carers. The resilience and professionalism demonstrated by our staff and volunteers during these uncertain times has been worthy of our admiration. This was particularly true during the tendering periods for the Nottinghamshire Engagement and Promotion Service commissioned by Nottinghamshire County Council and a new Derbyshire All Age Carers Service commissioned by Derbyshire County Council. Our bids were successful, and the new services commenced in October 2023 and April 2024.
Statistics based on the 2021 Census highlight that around 9% of the UK population is providing unpaid care. This would suggest that many existing carers across Derbyshire and Nottinghamshire have not yet accessed support. Thus, the need for the work undertaken by Derbyshire Carers Association is considerable. We are confident, however, that the charity will be able to build on the 2023/2024 financial year’s many successes in order to develop services and sustainability over the coming months and years.
**M K Hambly FRSPH** Chair of Trustees Date: 8 November 2024
Page 3
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024**
The Trustees, who are also the directors for the purposes of company law, present their report with the financial statements of the charity for the year ended 31 March 2024. This report sets out the structure, governance and management; objectives and activities; achievements and performance together with the financial position of the charity Company, Derbyshire Carers Association, (DCA) during the financial year ended 31 March 2024.
## **Structure, Governance and Management**
Derbyshire Carers Association is a charitable company limited by guarantee, incorporated on 16th September 1996 and registered with the Charity Commission on 10 June 1997.
DCA was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association.
The Association is governed through a Trustee Board, who are responsible for setting the strategic direction of the charity and ensuring that it is compliant with everything legal and contractual. The Trustee Board meet at least five times each year as well as attending quarterly sub groups. All Trustees give their time voluntarily and receive no remuneration for duties undertaken. As a company limited by guarantee, the company does not have any paid up share capital. Each member of the company has, however, guaranteed an amount not exceeding £10.
New Trustees are inducted to the organisation and receive initial and ongoing training where appropriate in line with Charity Commission guidance.
The CEO reports to the Chair of the Board and is responsible for aligning the charity to its vision and values and applying the organisational strategies; ensuring the charity continues to grow and develop for the benefit of Carers across Derbyshire and Nottinghamshire.
The charity services are managed by a team of Managers, Service Leads and Team Leaders alongside specific business management roles including finance, data, compliance and development.
## Employees
There are 48 members of the team who work within services and projects supporting Young and Adult Carers across Derbyshire and Nottinghamshire.
## Volunteers
There are 63 active volunteers within the Derbyshire and Nottinghamshire services. These include Trustees, Telephone Befrienders and Support Group Facilitators. Their valuable commitment enables our services to reach more Carers and offer greater support.
## Membership
There are over 12,000 Young and Adult Carers in Derbyshire registered with DCA. All registered Carers receive an online or postal welcome pack, regular online newsletters and e-bulletins to inform them of current services and new opportunities from DCA and partners. They can contact DCA at any time for information, advice and support and attend our community drop-ins, cuppa and chats, wellbeing sessions and learning workshops. Our Nottinghamshire Engagement and Promotion service works with professionals and partners to enhance awareness and early identification of Carers. We do not hold a database of registered Carers in Nottinghamshire.
## **Objectives and Activities**
The charity's objectives are:
- Provide a holistic range of services which promote and maintain the health and wellbeing of family and friend Carers, residing in Derbyshire, Nottinghamshire and other areas as appropriate.
- Where appropriate, the charity may also provide support to the person who is being cared for, where this support will result in improved health of the Carer and or sustain them in their caring role.
Page 4
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
- Effectively deliver a wide range of quality services to Young and Adult Carers throughout Derbyshire to support with the practical, emotional and social impact of caregiving and enhance wellbeing.
- Effectively deliver Carers engagement and promotion service across Nottinghamshire to improve identification, involvement and coproduction for Carers of all ages.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our objectives and also in planning our future objectives. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.
## Activities for achieving objectives
Services and projects are created where possible in collaboration with Carers, so they are influenced and led by lived experiences and expertise. We continually review the quality and effectiveness of all of our services to ensure they are accessible, inclusive, culturally appropriate and sensitive to each Carers identity and heritage.
Services are developed to respond to the fluctuating needs and address challenges faced by Carers as they travel along their caring pathway. These include information and guidance, assessments, emergency and support planning and training. These services are delivered within the community or a Carer’s home, over the telephone or online. We have formed partnerships with health, statutory and community services to complement our offer and connect Carers with professional and appropriate advice. Our engagement and promotion service raises awareness of the impact of caregiving and importance of connecting Carers to support services. To achieve this, we inform, train and support professionals within health, statutory, education and voluntary services to identify, support and refer Carers.
## **Achievement and performance Review of activities**
## Derbyshire Carers Assessment and Support Service:
In April 2017, Derbyshire County Council and Derbyshire Clinical Commissioning Groups contracted Derbyshire Carers Association to deliver the Derbyshire Carers Assessment and Support Service. The service was designed to deliver the key areas of the Derbyshire Carers Strategy 2016- 19 and fulfil statutory duties in respect of Carers under the Care Act 2014 and Children and Families Act 2014.
In April 2023, DCA entered the seventh and final year of the Derbyshire Carers Assessment and Support Service contract. There are many benefits to holding a contract for this length of time as the service can evolve and develop through continuous review, learning and insight.
Key achievements for this year include:
- Identifying 2,098 new Carers and providing person centred and strengths based early support. This is the highest number of new referrals in any year of the contract
- Providing 13,618 episodes of information, advice and guidance on a range of issues connected to the caring role
- Completing 938 Carers Assessments and support plans
- Supporting 5,727 Carers with ongoing support for more complex caring roles
- Coproducing 428 Emergency Plans with Carers
- Administering 938 Personal Budgets for Carers
- Facilitated learning and wellbeing sessions that have been attended by 1,295 Carers
## Derbyshire Young Carers Service
In April 2023, the Derbyshire Young Carers Service started the seventh and final year of the Derbyshire County Council funded contract. The contract requires the services to support 190 Young Carers each year. This year we exceeded this by over 100% and supported 435 Young Carers. Key achievements this year include:
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## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
- Supporting 435 different young carers and their families, some for a short period of a few months, and others for many more months
- Delivering 573 family support sessions
- Delivering 435 one to one sessions for a young person with a Support Worker
- 183 Young people have attended group activities
- Supporting 228 Young People in other areas including school support or applying for a grant
## Nottinghamshire Carers Engagement and Promotion Service
In Nottinghamshire, DCA services are delivered by our service known as Nottinghamshire Carers Association (NCA). The Nottinghamshire Carers Engagement and Promotion service contract ended in September 2023.
Previously, this area was commissioned separately from the main Carer support services. Following the joint strategy consultation for Nottinghamshire and Nottingham City Councils, it was decided that health and education engagement would be included within the new Adult and Young Carers support services. Nottinghamshire County Council would commission a separate Engagement and Promotion service.
DCA has been successful in retaining the Nottinghamshire engagement and promotion contract for a further four years, with a possibility of this being extended beyond this for an additional four years. Within the new contract the aims and objectives remained similar to the previous contract, with focus continuing to be on promoting the interests of all Carers (including Young Carers and Parent Carers) to public facing organisations and employers and encouraging carers to participate in co-production, consultation and engagement activities.
From October 2023, DCA have been subcontracted by TuVida to deliver the education engagement element of their Young Carers Service.
Achievements of the previous contract include:
## Health
- 76 Carers Champion training sessions delivered within GP Practices
- 78 GP practices and 21 health services received the NCA carer friendly quality mark
- 796 Health professional’s completed the NCA carer awareness training
- Education
- 96 schools and 1 college provided with resources, champion training, staff inset training and assemblies
- 185 assemblies delivered to schools - some of which were virtual due to restrictions
- Over the last year 48 assemblies have been undertaken in schools at both primary and secondary level,
- reaching over 3000 pupils and students across the county
Carers in Employment
- 13 organisations have signed the CIE pledge
- 7 organisations have received the CIE carer friendly quality mark
- 38 Carers champions were recruited and trained
- Community Engagement
- 20 organisations received the NCA carer friendly quality mark
- 668 individuals from various organisations completed the NCA carer awareness training
- We have worked with around 70 different organisations to raise awareness of carers in the community
- Consultation and Engagement
- Hosted the Carers Space Notts. This initiative is designed as a joint venture by Nottinghamshire County Council, the NHS, Nottinghamshire Carers Association and unpaid carers themselves
- Led on several large consultations for NCC including the Young Carers consultation and Carers Strategy group
NHS Charities Together and Derbyshire Community Health Service Derbyshire Diverse Carers is a partnership project funded by NHS Charities Together and Derbyshire
Page 6
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
Community Health Service and delivered by Derbyshire Carers Association and Community Action Derby. The project aims to support and improve the health and wellbeing of carers from ethnic minority communities across Derby & Derbyshire by better understanding inequalities and what measures can be taken to improve access. The second year focused on trialling different methods of engagement with Carers from ethnic minority backgrounds. A final report including case studies, findings, and recommendations, will be published in summer 2024. Findings and recommendations have been fundamental in helping DCA be a more inclusive employer and service.
## Derbyshire County Council Household Support Grants
On behalf of Derbyshire County Council, DCA undertake assessments for the Household Support Grants. The grant payments are to help Carers and their household with increases in the cost of living and can be put towards energy, food and fuel costs. This year DCA made 634 payments of £300 to adult and young carers’ families.
## - High Peak Co production
Funded by NHS Derby and Derbyshire Integrated Care Board, the High Peak Co-production service provided Carers living in the High Peak with the opportunity to share their lived experiences of caring to influence services to better understand how Carers should be supported. At the end of the project, a comprehensive report detailed local and national data, feedback from the consultations and outcomes. Recommendations are helping DCA shape current services and plan for the future.
## Young Adult Carers Awareness and Engagement
Grant funding received from Duke of Devonshire Charitable Trust has enabled us to update and refresh resources to promote our Young Adult Carer service, giving it a clear identity and driving awareness raising and identification of carers in this age group. These resources will continue to be used moving forwards thereby having a long-lasting impact on the charity.
The funding used for activities for the young adult carers has been invaluable in enabling us to provide activities and opportunities specifically tailored to the 18-25 age group and meeting their requests. Activities have included pamper sessions, an escape room and social opportunities. The additional funding has allowed us to hold these activities at weekends, covering additional building and staffing costs, and transportation to allow our Young Adult Carers to attend.
## Funding and donations
Through the generosity of local businesses and foundations, we have been able to provide additional complementary services for Adult and Young Carers. These include Mansfield Building Society, Gail’s Fund and The Titan Trust. Their gifts have enabled Carers to take a break from caring, meet other Carers, and rest during wellbeing sessions.
DCA have been fortunate to be chosen as the nominated charity of the year by local foundations as well as receiving personal donations from Carers and local residents. All funds have been used for complementary services for Young, Young Adult and Adult Carers.
We pass on our heartfelt thanks to these donors and organisations for recognising Carers and their vital role in our communities.
## **Principal risks and uncertainties**
Derbyshire Carers Association's risk register reviews potential operational, governance and wider risks; the impact and probability, and what actions are needed to mitigate against these. This is reviewed frequently by the Trustee Board and updated where new risks are identified.
2023/24 was an exceptional year for DCA as all Derbyshire and Nottinghamshire Contracts ended throughout the year and Local Authorities commissioned new services. The DCA Management Team and Board implemented an improvement plan from July 2023 to strengthen operations, improve processes and enhance
Page 7
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
quality. All DCA teams continued to work consistently with enthusiasm to offer quality services throughout the uncertainty. Thanks to the hard work of the DCA support service teams, management team and Board of Trustees, DCA was awarded the Derbyshire All Age Carers Support Service, Nottinghamshire Engagement and Promotion Service and education liaison for the Nottinghamshire Young Carers Service. This will bring a further four years of security for DCA until 2027/28.
## **Plans for future periods**
In April 2024, DCA restructured the organisational management team. Our previous management structure was introduced in September 2022 and has been very effective in the preparation for tenders and delivering our organisational improvement plan. Following the implementation of the Nottinghamshire and Derbyshire contracts and as we introduce new projects and areas of work, it has been identified that there are possible changes needed to support our vision, growth and sustainability. Having one Area Manager for Derbyshire and one Area Manager for Nottinghamshire supports effective delivery of our current contracts and will allow us to integrate new areas of work.
In Autumn 2024, DCA will be launching our new three year organisational strategy. Strategic objectives and priorities will be agreed following a programme of engagement and consultation with the DCA team and Carers and by reviewing local and national priorities.
## **Going Concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the DCA Accounting Policies.
## **Financial Review**
## Review of the year
The year saw a net increase in resources of £4,728 (2023: Increase of £6,333). Total income increased from £1,841,758 to £2,075,321 and expenditure increased from £1,835,425 to £2,087,401 The accumulated funds of the charity at 31st March 2024 are shown in total in the Statement of Financial Activities, which also details the restricted and unrestricted funds.
## Reserves policy
The Board of Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the charity should be between three and six months of the resources expended. At this level, the Trustees/Directors feel they would be able to continue in the short term the current activities of the charity in the event of a significant drop in funding.
## **Statement of Trustees responsibilities**
The Trustees (who are also the Directors of Derbyshire Carers Association for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
Page 8
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Insofar as the Trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the Trustees have taken all steps that they ought to have taken in order to be aware of any relevant audit information and to establish that the auditors are aware of that information.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the members of the board of Trustees and signed on their behalf by:
**M K Hambly FRSPH** Chair of Trustees Date: 8 November 2024
Page 9
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DERBYSHIRE CARERS ASSOCIATION**
## **Opinion**
We have audited the financial statements of Derbyshire Carers Association (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial
Page 10
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DERBYSHIRE CARERS ASSOCIATION (CONTINUED)**
statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinion on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements.
- the Trustees' report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of Trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a Strategic report.
## **Responsibilities of trustees**
As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditors' responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
Page 11
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DERBYSHIRE CARERS ASSOCIATION (CONTINUED)**
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the charitable company and industry in which it operates, we considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and Charities Act 2011. Audit procedures performed by the engagement team included:
- Enquiry of management around actual and potential litigation and claims;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
## **Sean Douglass FCA (Senior statutory auditor)**
for and on behalf of **Bates Weston Audit Ltd** Statutory Auditors Chartered Accountants The Mills Canal Street Derby DE1 2RJ
19 November 2024
Page 12
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024**
|**Note**
**Income from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
Other income
**Total income**
**Expenditure on:**
Raising funds
6
Charitable activities
7
**Total expenditure**
**Net (expenditure)/income before net**
**gains on investments**
Net gains on revaluation of investment
property
**Net (expenditure)/income**
Transfers between funds
16
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2024**
**£**
**671**
**2,042,890**
**2,583**
**-**
**-**
**2,046,144**
**-**
**2,057,839**
**2,057,839**
**(11,695)**
**-**
**(11,695)**
**(73,309)**
**(85,004)**
**124,047**
**(85,004)**
**39,043**|**Unrestricted**
**funds**
**2024**
**£**
**1,736**
**-**
**5,803**
**20,943**
**695**
**29,177**
**2,108**
**27,454**
**29,562**
**(385)**
**16,808**
**16,423**
**73,309**
**89,732**
**549,637**
**89,732**
**639,369**|**Total**
**funds**
**2024**
**£**
**2,407**
**2,042,890**
**8,386**
**20,943**
**695**
**2,075,321**
**2,108**
**2,085,293**
**2,087,401**
**(12,080)**
**16,808**
**4,728**
**-**
**4,728**
**673,684**
**4,728**
**678,412**|_Total_
_funds_
_2023_
_£_
_9,461_
_1,812,866_
_1,788_
_17,267_
_376_|
|---|---|---|---|---|
|||||_1,841,758_|
|||||_249_
_1,835,176_|
|||||_1,835,425_|
|||||_6,333_
_-_|
|||||_6,333_
_-_|
|||||_6,333_|
|||||_667,351_
_6,333_|
|||||_673,684_|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 16 to 32 form part of these financial statements.
Page 13
## **DERBYSHIRE CARERS ASSOCIATION (A company limited by guarantee) REGISTERED NUMBER: 03250078**
## **BALANCE SHEET AS AT 31 MARCH 2024**
|**Note**
**Fixed assets**
Tangible assets
11
Investment property
12
**Current assets**
Debtors
13
Investments
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
**Net current assets**
**Total net assets**
**Charity funds**
Restricted funds
16
Unrestricted funds
Designated funds
16
General funds
16
Total unrestricted funds
16
**Total funds**|**43,556**
**185,063**
**316,815**
**545,434**
**(151,540)**
**429,843**
**209,526**|**2024**
**£**
**97,851**
**186,667**
**284,518**
**393,894**
**678,412**
**39,043**
**639,369**
**678,412**|_78,510_
_181,239_
_635,194_
_894,943_
_(484,087)_
_-_
_549,637_|_2023_
_£_
_92,969_
_169,859_|
|---|---|---|---|---|
|||||_262,828_
_410,856_|
||||||
|||||_673,684_|
|||||_124,047_
_549,637_|
||||||
|||||_673,684_|
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## **M K Hambly FRSPH**
(Chair of Trustees) Date: 8 November 2024
The notes on pages 16 to 32 form part of these financial statements.
Page 14
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024**
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Other interest receivable and similar income
**Net cash provided by investing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**|**2024**
**£**
**(321,242)**
**11,948**
**(14,256)**
**8,995**
**6,687**
**(314,555)**
**816,433**
**501,878**|_2023_
_£_
_51,776_
_13,200_
_(9,269)_
_4,067_
**7,998**
**59,774**
_756,659_
_816,433_|
|---|---|---|
The notes on pages 16 to 32 form part of these financial statements
Page 15
## **DERBYSHIRE CARERS ASSOCIATION**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Derbyshire Carers Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **1.2 Going concern**
The Trustees are of the opinion that the charity can continue to meet its obligations as they fall due for the foreseeable future due to the current level of financial reserves and expectations of future income. As a consequence, the Trustees have prepared the financial statements on the going concern basis.
## **1.3 Income**
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Investment income is recognised when it becomes receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
## **1.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Page 16
## **DERBYSHIRE CARERS ASSOCIATION**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. Accounting policies (continued)**
## **1.4 Expenditure (continued)**
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **1.5 Taxation**
The company is considered to be exempt from corporation tax on its charitable activites.
## **1.6 Tangible fixed assets and depreciation**
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
|Freehold property|-|2% straight line|
|---|---|---|
|Fixtures and fittings|-|25% straight line|
|Computer equipment|-|25% straight line|
## **1.7 Investment property**
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure.
## **1.8 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.9 Cash at bank and in hand**
Cash at bank and 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.
Page 17
## **DERBYSHIRE CARERS ASSOCIATION**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. Accounting policies (continued)**
## **1.10 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **1.11 Financial instruments**
The Company 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.12 Operating leases**
Rentals paid under operating leases are charged to the Statement of financial activities on a straightline basis over the lease term.
## **1.13 Pensions**
Contributions to the charity's defined contribution pension scheme are recongnised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
## **1.14 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 18
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. Accounting policies (continued)**
## **1.15 Limited by guarantee**
The charity is limited by guarantee and in the event of it being wound up every member is liable to contribute a sum not exceeding £10. there are no shares of any class, either authorised or allotted.
## **2. Income from donations and legacies**
||**Restricted**|**Unrestricted**|**Total**|_Total_|
|---|---|---|---|---|
||**funds**|**funds**|**funds**|_funds_|
||**2024**|**2024**|**2024**|_2023_|
||**£**|**£**|**£**|_£_|
|Donations|671|1,736|**2,407**|_9,461_|
## **3. Income from charitable activities**
|County Joint Funding
Young Carers - County
Nottinghamshire - Engagement and Awareness
Nottinghamshire - Health and Education
Emergency Support Grants - Derbyshire County Council
DCHS Charitable Trust
Carers Personal Budget - Derbyshire County Council
The Edward Gostling Foundation
Nottingham Engagement and Promotion
Nottingham Young Carers
Income from Other Charitable Activities|**Restricted**
**funds**
**2024**
**£**
908,801
190,000
71,124
25,001
236,893
51,508
363,579
10,000
40,000
70,500
75,484
2,042,890|**Total**
**funds**
**2024**
**£**
**908,801**
**190,000**
**71,124**
**25,001**
**236,893**
**51,508**
**363,579**
**10,000**
**40,000**
**70,500**
**75,484**
**2,042,890**|_Total_
_funds_
_2023_
_£_
_794,083_
_175,000_
_142,248_
_50,001_
_237,000_
_39,635_
_263,000_
_-_
_-_
_-_
_111,899_|
|---|---|---|---|
||||_1,812,866_|
Page 19
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **4. Income from other trading activities Income from fundraising events**
||**Restricted**|**Unrestricted**|**Total**|_Total_|
|---|---|---|---|---|
||**funds**|**funds**|**funds**|_funds_|
||**2024**|**2024**|**2024**|_2023_|
||**£**|**£**|**£**|_£_|
|Fundraising events|2,583|5,803|**8,386**|_1,788_|
|**5.**
**Investment income**
**Unrestricted**
**funds**
**2024**
**£**
Income from investment properties
11,948
Bank interest receivable
8,995
20,943|**Total**
**funds**
**2024**
**£**
**11,948**
**8,995**
**20,943**|_Total_
_funds_
_2023_
_£_
_13,200_
_4,067_|
|---|---|---|
|||_17,267_|
## **6. Expenditure on raising funds Costs of raising voluntary income**
||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2024**|**2024**|_2023_|
||**£**|**£**|_£_|
|Fundraising costs|2,108|**2,108**|_249_|
Page 20
## **DERBYSHIRE CARERS ASSOCIATION (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **7. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|County Joint
Young Carers
Nottinghamshire - Health and Education
Nottinghamshire - Engagement and
Awareness
Emergency Support Grants - DCC
DCHS Charitable Trust
Carers Personal Budget - Derbyshire County
Council
The Edward Gostling Foundation
Nottingham Engagement & Promotion
Nottingham Young Carers
Other Charitable Activities
_Total 2023_|**Restricted**
**funds**
**2024**
**Unrestricted**
**funds**
**2024**
**£**
**£**
855,648
-
204,457
-
98,113
-
26,841
-
238,149
-
53,573
-
364,458
-
10,000
-
34,957
-
63,164
-
108,479
27,454
2,057,839
27,454
_1,824,612_
_10,564_|**Total**
**2024**
**£**
**855,648**
**204,457**
**98,113**
**26,841**
**238,149**
**53,573**
**364,458**
**10,000**
**34,957**
**63,164**
**135,933**
**2,085,293**
_1,835,176_|_Total_
_2023_
_£_
_796,295_
_159,213_
_141,096_
_49,549_
_236,177_
_42,022_
_268,464_
_-_
_-_
_-_
_142,360_|
|---|---|---|---|
||||_1,835,176_|
|||||
## **8. Auditors' remuneration**
||**2024**|_2023_|
|---|---|---|
||**£**|_£_|
|Fees payable to the Company's auditor for the audit of the Company's|||
|annual accounts|**7,500**|_8,000_|
|Fees payable to the Company's auditor in respect of:|||
|All non-audit services not included above|**2,700**|_2,920_|
Page 21
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **9. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2024**
**£**
**1,060,425**
**73,489**
**44,421**
**1,178,335**|_2023_
_£_
_960,784_
_71,142_
_38,712_|
|---|---|---|
||||
|||_1,070,638_|
The average number of persons employed by the Company during the year was as follows:
||**2024**|_2023_|
|---|---|---|
||**No.**|_No._|
|Employees|**51**|_52_|
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
|||**2024**|_2023_|
|---|---|---|---|
|||**No.**|_No._|
|In the band £60,001|- £70,000|**1**|_1_|
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £68,742 (2023: £60,411)
## **10. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ .
During the year ended 31 March 2024, travel expenses totalling _£_ 205 were incurred by two trustees in the performance of their duties as trustees _(2023 - £175_ ).
Page 22
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **11. Tangible fixed assets**
|**Cost**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
At 31 March 2024
_At 31 March 2023_|**Freehold**
**property**
**£**
**84,929**
**-**
**84,929**
**10,194**
**1,699**
**11,893**
**73,036**
_74,735_|**Fixtures and**
**fittings**
**£**
**49,968**
**-**
**49,968**
**49,968**
**-**
**49,968**
**-**
_-_|**Computer**
**equipment**
**£**
**30,650**
**14,256**
**44,906**
**12,416**
**7,675**
**20,091**
**24,815**
_18,234_|**Total**
**£**
**165,547**
**14,256**|
|---|---|---|---|---|
|||||**179,803**|
|||||**72,578**
**9,374**|
|||||**81,952**|
|||||**97,851**|
|||||_92,969_|
## **12. Investment property**
|**Valuation**
At 1 April 2023
Surplus on revaluation
At 31 March 2024|**Freehold**
**investment**
**property**
**£**
**169,859**
**16,808**|
|---|---|
||**186,667**|
Page 23
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **13. Debtors**
|**Due within one year**
Trade debtors
Prepayments and accrued income|**2024**
**£**
**11,750**
**31,806**
**43,556**|_2023_
_£_
_47,500_
_31,010_|
|---|---|---|
||||
|||_78,510_|
## **14. Current asset investments**
|Deposit accounts
**Creditors: Amounts falling due within one year**
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 April 2023
Resources deferred during the year
Amounts released from previous periods|**2024**
**£**
**185,063**
**2024**
**£**
**14,222**
**18,994**
**7,061**
**111,263**
**151,540**
**2024**
**£**
**436,727**
**99,678**
**(436,727)**
**99,678**|_2023_
_£_
_181,239_|
|---|---|---|
|||_2023_
_£_
_4,102_
_18,356_
_7,942_
_453,687_|
||||
|||_484,087_|
|||_2023_
_£_
_363,906_
_436,727_
_(363,906)_|
||||
|||_436,727_|
## **15. Creditors: Amounts falling due within one year**
Deferred income relates to grant income received by the charity. Where necessary, the grant conditions state that the income must be utilised across a certain period. As a result the grant income has been deferred in line with this.
Page 24
**(A company limited by guarantee)**
## **DERBYSHIRE CARERS ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **16. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted**
**funds**
**Designated**
**funds**
Property fund
Redundancy
contingency fund
**General funds**
DCA General
**Total**
**Unrestricted**
**funds**
**Restricted**
**funds**
County Joint
Funding
Young Carers
Support Service
Nottinghamshire
- Health and
Education
Nottinghamshire
- Engagement
and Awareness
Emergency
Support Grants -
DCC
Carers Breaks
DCHS
Charitable Trust
Bassetlaw -
Notts|**Balance at 1**
**April 2023**
**£**
**-**
**-**
**-**
**549,637**
**549,637**
**-**
**25,308**
**35,016**
**8,036**
**823**
**660**
**6,314**
**5,610**|**Income**
**£**
**-**
**-**
**-**
**29,177**
**29,177**
**908,801**
**190,000**
**71,124**
**25,001**
**236,893**
**363,579**
**51,508**
**25,750**|**Expenditure**
**£**
**-**
**-**
**-**
**(29,562)**
**(29,562)**
**(855,647)**
**(204,457)**
**(98,112)**
**(26,841)**
**(238,150)**
**(364,458)**
**(53,573)**
**(26,230)**|**Transfers**
**in/out**
**£**
**259,703**
**170,140**
**429,843**
**(356,534)**
**73,309**
**(53,154)**
**(10,851)**
**(2,606)**
**(874)**
**-**
**-**
**(739)**
**(744)**|**Gains/**
**(Losses)**
**£**
**-**
**-**
**-**
**16,808**
**16,808**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Balance at**
**31 March**
**2024**
**£**
**259,703**
**170,140**
**429,843**
**209,526**
**639,369**
**-**
**-**
**5,422**
**5,322**
**(434)**
**(219)**
**3,510**
**4,386**|
|---|---|---|---|---|---|---|
Page 25
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **16. Statement of funds (continued)**
## **Statement of funds - current year (continued)**
|High Peak -
Carers
Engagement &
Coproduction
Young Carers
Mental Health -
BBC Children in
Need
Carers Space -
Notts County
Council
Masonic
Charitable Trust
Carers Trust -
Time for me
Notts Young
Carers
Notts -
Engagement &
Promotion
Derbyshire All
Age Carers
Support Service
Other Funds
Under £15k
**Total of funds**|**Balance at 1**
**April 2023**
**£**
**17,391**
**-**
**2,538**
**11,638**
**-**
**-**
**-**
**-**
**10,713**
**124,047**
**673,684**|**Income**
**£**
**-**
**10,810**
**10,000**
**-**
**8,197**
**70,500**
**40,000**
**-**
**33,981**
**2,046,144**
**2,075,321**|**Expenditure**
**£**
**(14,883)**
**(11,798)**
**(10,577)**
**(6,713)**
**(8,127)**
**(63,164)**
**(34,957)**
**(8,872)**
**(31,280)**
**(2,057,839)**
**(2,087,401)**|**Transfers**
**in/out**
**£**
**(431)**
**-**
**(292)**
**-**
**(2,084)**
**(1,534)**
**-**
**-**
**-**
**(73,309)**
**-**|**Gains/**
**(Losses)**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**16,808**|**Balance at**
**31 March**
**2024**
**£**
**2,077**
**(988)**
**1,669**
**4,925**
**(2,014)**
**5,802**
**5,043**
**(8,872)**
**13,414**
**39,043**
**678,412**|
|---|---|---|---|---|---|---|
Page 26
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **16. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
DCA General
**Restricted funds**
County Joint Funding
Young Carers - County
Nottinghamshire - Health and
Education
Nottinghamshire - Engagement
and Awareness
Emergency Support Grants -
DCC
Carers Personal Budget
DCHS Charitable Trust
Bassetlaw - Notts
High Peak - Carers
Engagement & Coproduction
Carers Space - Notts County
Council
Social Connected Fund
Masonic Charitable Foundation
Trust
Young Carers Mental Health -
BBC Children in Need
Other Funds Under £15k
**Total of funds**|_Balance at_
_1 April 2022_
_£_
_514,730_
_2,212_
_14,981_
_35,544_
_12,624_
_-_
_6,124_
_9,410_
_-_
_-_
_12,769_
_3,244_
_20,190_
_8,345_
_27,178_
_152,621_
_667,351_|_Income_
_£_
_28,892_
_794,083_
_175,000_
_142,248_
_50,001_
_237,000_
_263,000_
_39,635_
_51,500_
_21,921_
_6,667_
_6,200_
_-_
_10,565_
_15,046_
_1,812,866_
_1,841,758_|_Expenditure_
_£_
_(10,813)_
_(796,295)_
_(159,213)_
_(141,096)_
_(49,549)_
_(236,177)_
_(268,464)_
_(42,022)_
_(44,471)_
_(4,395)_
_(16,330)_
_(8,774)_
_(8,552)_
_(18,910)_
_(30,364)_
_(1,824,612)_
_(1,835,425)_|_Transfers_
_in/out_
_£_
_16,828_
_-_
_(5,460)_
_(1,680)_
_(5,040)_
_-_
_-_
_(709)_
_(1,419)_
_(135)_
_(568)_
_(670)_
_-_
_-_
_(1,147)_
_(16,828)_
_-_|_Balance at_
_31 March_
_2023_
_£_
_549,637_|
|---|---|---|---|---|---|
||||||_-_
_25,308_
_35,016_
_8,036_
_823_
_660_
_6,314_
_5,610_
_17,391_
_2,538_
_-_
_11,638_
_-_
_10,713_|
||||||_124,047_|
||||||_673,684_|
Page 27
## **DERBYSHIRE CARERS ASSOCIATION**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **16. Statement of funds (continued)**
## **Designated funds**
## **Property fund**
This relates to the freehold property owned by DCA and includes the carrying value of the asset, inclusive of impairment, depreciation, and revaluation movements as applicable. Further amounts may be designated where significant repairs or improvements are planned or a contingency balance is considered appropriate.
## **Redundancy contingency fund**
In the event of DCA having to close or significantly reduce its activities, it would incur substantial winding up costs. The trustees have therefore determined it to be appropriate to reflect its obligations to employees in the event of a full closure by creating a designated fund. The fund will be reviewed annually to take into account any changes in circumstances, staffing, and legislation.
## **Restricted funds**
## **County Joint Funding**
On behalf of Derbyshire County Council, DCA delivers a service to identify adult carers in the county of Derbyshire and deliver carer assessments, emergency planning, provide information, advice and support ot unpaid carers. Support is delivered through home visits, over the telephone or online plus carers clinics, drop-ins, cuppa and chats and support groups are also offered to deliver support in the community.
## **Young Carers - County**
On behalf of Derbyshire County Council, DCA delivers a support service to young carers and their families thorugh home and school visits, one to one's and a group activities.
## **Nottinghamshire - Engagement and Awareness**
On behalf of Nottinghamshire County Council, DCA delivers an engagement and awareness service to improve identification, involvement and coproduction of carers and raises awareness of the impact of caring and connects carers to support services and engage employers to support carers to remain in employment.
## **Nottinghamshire - Health and Education**
On behalf of Nottinghamshire County Council, DCA delivers an engagement and awareness service to improve identification, involvement and coproduction of both adult and young carers and works with schools and GP practices to raise awareness of the impact of caring and connect carers to support services.
## **Carers Breaks**
Funding provided by Derbyshire County Council to award grant payments to carers in need of financial assistance to make a purchase that will support them in their caring role.
Page 28
## **DERBYSHIRE CARERS ASSOCIATION (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **16. Statement of funds (continued)**
## **DCHS Charitable Trust**
Grant awarded to support and improve the health and wellbeing of carers in BAME communities across Derby and Derbyshire.
## **Emergency Support Grants - DCC**
Funding provided by Derbyshire County Council to distribute Household Support grants to carers who are in need of financial help during cost of living rises.
## **Nottinghamshire - Young Carers**
In partnership with TuVida, DCA delivers the engagament and promotion for the Young Carers service in Nottinghamshire providing training, resources, information, advice for professionals and young carers alongside projects with young carers to co-produce services and processes.
## **Nottinghamshire - Engagement and Promotion**
On behalf of Nottinghamshire County Council, DCA delivers an engagement and promotion service providing training, resources, information, advice and networking for professionals and carers, bringing them together to benefit from shared knowledge and experiences and have a say in how services are designed through coproduction.
## **17. Summary of funds**
## **Summary of funds - current year**
|Designated
funds
General funds
Restricted funds|**Balance at 1**
**April 2023**
**£**
**-**
**549,637**
**124,047**
**673,684**|**Income**
**£**
**-**
**29,177**
**2,046,144**
**2,075,321**|**Expenditure**
**£**
**-**
**(29,562)**
**(2,057,839)**
**(2,087,401)**|**Transfers**
**in/out**
**£**
**429,843**
**(356,534)**
**(73,309)**
**-**|**Gains/**
**(Losses)**
**£**
**-**
**16,808**
**-**
**16,808**|**Balance at**
**31 March**
**2024**
**£**
**429,843**
**209,526**
**39,043**|
|---|---|---|---|---|---|---|
|||||||**678,412**|
Page 29
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **17. Summary of funds (continued)**
## **Summary of funds - prior year**
|General funds
Restricted funds|_Balance at_
_1 April 2022_
_£_
_514,730_
_152,621_
_667,351_|_Income_
_£_
_28,892_
_1,812,866_
_1,841,758_|_Expenditure_
_£_
_(10,813)_
_(1,824,612)_
_(1,835,425)_|_Transfers_
_in/out_
_£_
_16,828_
_(16,828)_
_-_|_Balance at_
_31 March_
_2023_
_£_
_549,637_
_124,047_|
|---|---|---|---|---|---|
||||||_673,684_|
## **18. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|Tangible fixed assets
Investment property
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2024**
**Unrestricted**
**funds**
**2024**
**£**
**£**
-
97,851
-
186,667
138,721
406,713
(99,678)
(51,862)
39,043
639,369|**Total**
**funds**
**2024**
**£**
**97,851**
**186,667**
**545,434**
**(151,540)**|
|---|---|---|
|||**678,412**|
## **Analysis of net assets between funds - prior period**
|Tangible fixed assets
Investment property
Current assets
Creditors due within one year
**Total**|_Restricted_
_funds_
_2023_
_£_
_-_
_-_
_124,047_
_-_
_124,047_|_Unrestricted_
_funds_
_2023_
_£_
_92,969_
_169,859_
_770,896_
_(484,087)_
_549,637_|_Total_
_funds_
_2023_
_£_
_92,969_
_169,859_
_894,943_
_(484,087)_|
|---|---|---|---|
||||_673,684_|
Page 30
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **19. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net income for the period (as per Statement of Financial Activities)
**Adjustments for:**
Depreciation charges
Dividends, interests and rents from investments
Decrease in debtors
Increase/(decrease) in creditors
Other Interest receivable and similar income
**Net cash provided by/(used in) operating activities**
**20.**
**Analysis of cash and cash equivalents**
Cash in hand
Cash in deposit
**Total cash and cash equivalents**
**21.**
**Analysis of changes in net debt**
**At 1 April**
**2023**
**£**
Cash at bank and in hand
**635,194**
Cash in deposit
**181,239**
**816,433**|**2024**
**£**
**4,728**
**9,374**
**(11,948)**
**34,954**
**(256,901)**
**(8,995)**
**(228,788)**
**2024**
**£**
**316,815**
**185,063**
**501,878**
**Cash flows**
**£**
**(318,379)**
**3,824**
**(314,555)**|_2023_
_£_
_6,333_
_10,200_
_(13,200)_
_42,320_
_10,190_
_(4,067)_
_51,776_
_2023_
_£_
_635,194_
_181,239_
_816,433_
**At 31 March**
**2024**
**£**
**316,815**
**185,063**
**501,878**|
|---|---|---|
## **22. Pension commitments**
The amount recognised in income or expenditure as an expense in relation to defined contribution plan was £37,962 (2023: £38,712)
Page 31
## **DERBYSHIRE CARERS ASSOCIATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **23. Operating lease commitments**
At 31 March 2024 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:
|Not later than 1 year
Later than 1 year and not later than 5 years|**2024**
**£**
**4,197**
**-**
**4,197**|_2023_
_£_
_14,121_
_12,298_|
|---|---|---|
||||
|||_26,419_|
## **24. Related Parties**
The charity has not entered into any related party transactions in either the current or comparative periods, nor are there any outstanding balances between related parties and the charity at either the current or comparative year-end date.
Page 32