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← The Carers Centre (Bristol And South Gloucestershire)

2025-03-31-accounts

Company no. 03377199 Charity no. 1063226

The Carers Centre (Bristol & South Gloucestershire) Report and Audited Financial Statements

31 March 2025

The Carers Centre (Bristol & South Gloucestershire)

For the year ended 31 March 2025

Company number 3377199
Charity number 1063226
Registered office and The Vassall Centre
operational address Gill Avenue
Fishponds
Bristol
BS16 2QQ
Status The Carers Centre (Bristol & South Gloucestershire) is known
locally as Carers Support (CS)
Trustees Trustees, who are also directors under company law, who served
during the year and up to the date of this report were as follows:
Mary Whittington Chair (Deceased 18 October 2025)
Jennifer Cheshire
Graham Hunt Treasurer (Retired 11 February 2025)
Matthew Jackson
Sian Jones (Resigned 14 February 2025)
Pearl Raymond (Resigned 21 August 2024)
Jennifer Tomkinson
Louise Winn
Stuart Hill Treasurer (Appointed 17 March 2025)
Kayleigh Kinchin-Ballam (Appointed 02 June 2025)
Bethanie Cundy (Appointed 02 June 2025)
Phoebe Wilson (Appointed 02 June 2025)
Company Secretary Carl Tams (Resigned 24 February 2025)
Lucy Giles Interim CEO (Appointed 29 May 2025)
Chief Executive The Trustees delegate the day-to-day leadership and
Officer management of the organisation to the Chief Executive
Officer, Mr. Carl Tams (resigned 24 February 2025),
Ms. Lucy Giles (appointed on an interim basis 29 May
2025)
Bankers Virgin Money
5 Northgate Street
Gloucester
GL1 2AH

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The Carers Centre (Bristol & South Gloucestershire)

Re

For the year ended 31 March 2025

Auditors

Godfrey Wilson Limited Chartered accountants and statutory auditors 5[th] Floor Mariner House 62 Prince Street Bristol BS1 4QD

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The Carers Centre (Bristol & South Gloucestershire)

Report of the trustees

For the year ended 31 March 2025

Governance and Management

Governing Document

The Carers Centre (Bristol and South Gloucestershire) is a registered charity and a company limited by guarantee, governed by its Articles and the Companies Act 1985, 2006 and the Charities Act 2006, 2011. It is known locally as Carers Support (CS) and is a network partner of Carers Trust. Whilst benefiting from access to resources and support through this membership, it retains full autonomy over local policy, governance and procedures.

Risk Review

All identified risks are allocated to the relevant sub-committee of the board to monitor. The Board of Trustees delegates the evaluation of risks to the relevant subcommittees, which meet quarterly to review and update the risk register. Major risks and/or new or increasing risks are reviewed by the full board quarterly.

Internal risks are minimised by the implementation of effective internal control procedures, which ensure both appropriate authorisation of all transactions and consistent quality of delivery for all operational aspects of the charity. These procedures are periodically reviewed for their continuing effectiveness.

The risk register was updated throughout the year and is a standing item for discussion at all subcommittee meetings, namely:

All subcommittees have terms of reference which are reviewed annually and report back to the Board of Trustees before any major decisions, not covered by delegated authority, are taken.

Organisational Structure

The CEO is responsible for the day-to-day running of the organisation and line manages a Senior Management Team and Policy and Engagement Lead. The CEO will take decisions on a day-to-day basis and refer to the Chair of Trustees when appropriate.

A board of Trustees, who are also the company directors, are legally responsible for the organisation and governance of CS.

Appointment of Trustees

Trustees are recruited by personal contact, word of mouth and advertisement. Selection is based on information provided on an application form, whenever possible filling gaps in skills and experience identified by an annual skills audit of existing trustees, and by interview.

Trustee Induction and Training

Trustee induction is a key part of making our trustee board effective. It provides an opportunity to learn about their role and about different aspects of the organisation.

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The Carers Centre (Bristol & South Gloucestershire)

Report of the trustees

For the year ended 31 March 2025

The aim of the induction process is to ensure that trustees have the skills and knowledge to equip them to:

Trustees have an annual review meeting with the Chair of Trustees, where performance and individual training and development needs are discussed. All Trustees are also invited to attend ‘snapshot’ training sessions, as and when appropriate. Trustees are encouraged to select a specific work area to take a lead on and liaise with the specific Senior Manager, provide feedback on activity to the board of Trustees and raise any issues and developments, as appropriate.

The Board implements an annual Board Performance Review process.

Networks and Partnerships

CS works in partnership both strategically and operationally with all sectors across Bristol and South Gloucestershire to raise carer awareness, increase identification and provision of support services.

CS is a network partner of Carers Trust and can access the support from Carers Trust Network Support Manager for any governance support, advice and training. The Chair and CEO can attend quarterly regional meetings to keep abreast of developments within Carers Trust and to network with CEOs and Trustees from other organisations across the South West. Carers Trust also holds an annual National Conference, which an allocated Trustee, along with the CEO, can attend, where there are specific workshops related to governance and networking opportunities.

Pay and Remuneration

The organisation has a Remuneration Policy. Levels of remuneration are recommended by the CEO and considered by both the Personnel Subcommittee, to determine fairness etc. and the Finance Subcommittee, to consider affordability. A joint recommendation is then put to the full Board for a decision to be made:

This process is also used to:

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The Carers Centre (Bristol & South Gloucestershire)

Report of the trustees

For the year ended 31 March 2025

Chief Executive) following review of roles and responsibilities for individual team members;

Vision, Mission, Objectives and Activities

Our Vision:

‘A better life for carers of all ages … where they are recognised, valued and supported in their caring role and empowered to fulfil their own aspirations.’

Our Mission:

Our Values:

We will be led by carers’ needs involving them in service planning and development and encouraging other organisations to do the same.

We will be collaborative in our approach to supporting carers, working closely with partner organisations and communities to provide holistic, sustainable support.

We will be enabling in our approach to supporting carers, building resilience and confidence, empowering them to achieve their own goals.

We will treat staff, volunteers and those we work with, with respect and kindness, valuing diversity and the contribution they make.

Underpinning our Strategy are our key Strategic Aims:

  1. Achieving carer outcomes – supporting and empowering carers to achieve a better quality of life, through provision of a wide range of responsive services. We will:

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The Carers Centre (Bristol & South Gloucestershire)

Report of the trustees

For the year ended 31 March 2025

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The Carers Centre (Bristol & South Gloucestershire)

Report of the trustees

For the year ended 31 March 2025

Charitable Objects

CS’s objects, as set out in the governing article are:

To support adult and young carers residing in Bristol and South Gloucestershire who are, or were, carrying out a caring role for persons who are disabled, elderly or ill, by the provision of practical help, advice, assistance, service, advocacy and support.

By working to the objects as detailed above, the Charity satisfies the public benefit requirement, as detailed in the Charities Act 2011, by providing practical and emotional support to carers and former carers in need, thereby improving their health, well-being and quality of life.

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and planning future activities. The Trustees consider how planned activities will contribute to our aims and objectives.

CS aims to provide information and support for carers, raise awareness of carers’ issues and involve carers in the planning and provision of services to meet their needs.

Our aim is to improve the emotional, social, financial and practical situation of the individual carers we support, and to work towards better support for, and understanding of, carers generally within the area of Bristol and South Gloucestershire.

Principles for achieving objectives

CS seeks to achieve its aims and outcomes through the following principles:

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The Carers Centre (Bristol & South Gloucestershire)

Report of the trustees

For the year ended 31 March 2025

Significant Activities

The significant activities undertaken in furtherance of these objectives are:

Achievements and Performance

Here at Carers Support, we are driven by one simple goal:

“A better life for carers of all ages”.

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The Carers Centre (Bristol & South Gloucestershire)

Report of the trustees

For the year ended 31 March 2025

What a ‘better life’ looks like is different for every carer. For some it’s feeling less lonely and isolated, for others it could be being financially better off, having better access to support for themselves and their loved one, or it’s simply the comfort of knowing there is someone there for them in their time of need. For young carers it’s often being able to enjoy a childhood or succeed at school. Everything we do is driven by the individual needs of carers across Bristol and South Gloucestershire.

The support we provide has never been needed more, but we can’t do it alone. We are grateful for the collaborations we have with many other voluntary sector organisations, and with our statutory partners, as well as with sponsors and those who donate to, or help fund, our cause

Having secured the South Gloucestershire contracts in 2023, along with the Bristol contracts in 2022, the organisation is in a relatively stable place, albeit still facing financial challenges.

Fundraising

The key drivers for Carers Support to improve our fundraising performance are:

There will be a clear understanding from the Board and SMT about the priorities for fundraising every year. A prioritised list of ‘projects’ will be agreed which will inform the targeting of our fundraising activity. That said, we will also take advantage of ad hoc opportunities that may arise with the availability of new funding programmes.

During the year we have been successful with several funding bids. The most successful area of our fundraising is charitable trusts. This is not surprising as within the application process we have the opportunity to explain the need, what we do to meet that need and the impact of our support. This is harder to do when raising funds from the public at large who often respond to an emotive cause with a standout image.

We would like to recognise our core funders, Bristol City Council, South Gloucestershire Council and BNSSG Clinical Commissioning Group, not only for their funding but also their collaboration and support. We would also like to thank the many individuals, trusts and businesses who have donated during the year.

Financial Review

Reserves

The organisation produces its budgets using a full cost recovery model whereby the overheads and running costs are allocated across all the organisation’s budget headings and income sources.

CS has developed a ‘winding up costs’ calculator, which is reviewed annually. We are therefore able to assess more accurately the cost of closing the charity in the event of a significant reduction in funding, which would cause the organisation to cease operating.

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The Carers Centre (Bristol & South Gloucestershire)

Report of the trustees

For the year ended 31 March 2025

Given that our main funders are required to give us 3 months’ notice of Service Level Agreement termination, there is no need to hold additional running costs for a period in reserves. The revised reserves policy is therefore that only the amount needed to cease operating be held as a free reserve.

As of 31 March 2025, the winding up costs are estimated at £196k, hence this is more than covered by our current free reserves balance of £217k.

==> picture [450 x 143] intentionally omitted <==

----- Start of picture text -----
Bfwd 1st April 1st April – 31st March Cfwd 31st March
2024 2025 2025
Surplus (Loss)
Inclusive of Fund
Free Reserves Surplus (Loss) Transfer Surplus (Loss)
General reserves 479,929 (42,229) 437,700
Less FA (Investment +
tangible assets) (217,708) (2,887) (220,595)
Total Free Reserves 262,221 (45,116) 217,105
----- End of picture text -----

Principal funding sources

Local Authority (Bristol City and South Gloucestershire Councils) and Clinical Commissioning Group (Bristol, North Somerset and South Gloucestershire) annual funding of £937,775 continues to account for the majority of our total annual income of £1,229,647 to deliver support services to carers of all ages.

Expenditure has supported achievement of the budget through the employment of staff and maintenance of premises and office functions, the provision and dissemination of information, and the provision of groups, events, breaks and young people’s activities. There has been some expenditure through small budgets to meet the needs of individual carers.

Investment Policy

Our aims are to:

Investments

The charity has £212,873 on investment which is managed by St James Place Wealth Management, the performance of which is detailed in the accounts. The board regularly reviews the performance of the fund through the Finance Subcommittee.

Funds

The Charity regularly reviews its funds and has transferred balances from inactive or redundant budgets to projects where the service has been continued. Where funds are restricted and there is no continuation, we have contacted the funder to discuss the

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The Carers Centre (Bristol & South Gloucestershire)

Report of the trustees

For the year ended 31 March 2025

possibility of alternate ways of using the underspend or whether it should be paid back.

Restricted, unrestricted and designated funds

We are reporting a £173,850 deficit for the financial year ending 31 March 2025.

Future financial position

Like most charities, it is challenging to predict the future financial position of the charity with any great certainty. We remain concerned about the current economic and political environment that we are working in, the impact on Local Authority Finances (and therefore on the level of funding that will be available to us in future Local Authority agreements) and on the availability of funds for donation from other sources.

The impact of the cost-of-living crisis has hit CS as well as the carers we support.

The Trustees regularly consider the impact of relevant funding and fundraising issues on the charity’s current and future position and continue to monitor it closely.

The charity holds unrestricted, general reserves of £437,700, and designated reserves which can be drawn down if necessary. The Trustees consider that the charity has sufficient unrestricted reserves and cashflow to continue operating as a going concern for a period of at least 12 months from the date on which these financial statements are approved. For this reason, the accounts have been produced on an ongoing concern basis.

Plans for Future Periods

As we move forward, we are working more at a local community level, developing relationships with trusted community groups, raising the awareness of carers and their needs and, through that, increasing the level of support available for carers in their local community.

Our plans for 2025/26 include:

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The Carers Centre (Bristol & South Gloucestershire)

Report of the trustees

For the year ended 31 March 2025

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Auditors

Godfrey Wilson Limited were re-appointed as auditors to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 16 December 2025 and signed on their behalf by

Stuart Hill - Treasurer

13

Independent auditors' report

To the members of

The Carers Centre (Bristol & South Gloucestershire)

Opinion

We have audited the financial statements of The Carers Centre (Bristol & South Gloucestershire) (the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, statement of cash flows and the related notes to the financial statements, 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 charity's affairs as at 31 March 2025 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 Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 8 to the financial statements, 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 charity'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 trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. 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.

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Independent auditors' report

To the members of

The Carers Centre (Bristol & South Gloucestershire)

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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; and the trustees’ report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity 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 the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement set out in the trustees’ report, the trustees 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 they 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 charity’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 charity or to cease operations, or have no realistic alternative but to do so.

15

Independent auditors' report

To the members of

The Carers Centre (Bristol & South Gloucestershire)

Our 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 auditor’s 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 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 procedures we carried out and the extent to which they are capable of detecting irregularities, including fraud, are detailed below:

(1) We obtained an understanding of the legal and regulatory framework that the charity operates in, and assessed the risk of non-compliance with applicable laws and regulations. Throughout the audit, we remained alert to possible indications of non-compliance.

(3) We inspected the minutes of trustee meetings.

(4) We enquired about any non-routine communication with regulators and reviewed any reports made to them.

(5) We reviewed the financial statement disclosures and assessed their compliance with applicable laws and regulations.

(6) We performed analytical procedures to identify any unusual or unexpected transactions or balances that may indicate a risk of material fraud or error.

Testing transactions that are unusual or outside the normal course of business.

16

Independent auditors' report

To the members of

The Carers Centre (Bristol & South Gloucestershire)

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. Irregularities that arise due to fraud can be even harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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 auditor’s report.

Use of our report

This report is made solely to the 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 members those matters we are required to state to them in an 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 members as a body, for our audit work, for this report, or for the opinions we have formed.

Date: 17 December 2025

William Guy Blake ACA (Senior Statutory Auditor)

For and on behalf of:

GODFREY WILSON LIMITED

Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

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The Carers Centre (Bristol & South Gloucestershire)

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2025

Restricted
Note
£
Income from:
Donations and legacies
4
3,691
Charitable activities:
Adult carers
5
756,875
Young carers
5
431,837
Other trading activities
6
225
Investments
-
Other
1,548
Total income
1,194,176
Expenditure on:
Raising funds
-
Charitable activities:
Adult carers
958,824
Young carers
363,472
Total expenditure
7
1,322,296
Net gains on investments
12
-
Net expenditure
(128,120)
Transfers between funds
36,893
Net movement in funds
8
(91,227)
Reconciliation of funds:
Total funds brought forward
301,842
Total funds carried forward
210,615		 Unrestricted
£
6,947
8,973
-
3,013
16,538
-
35,471
22,126
48,307
17,836
88,269
7,068
(45,730)
(36,893)
(82,623)
590,255
507,632		 2025
Total
£
10,638
765,848
431,837
3,238
16,538
1,548
1,229,647
22,126
1,007,131
381,308
1,410,565
7,068
(173,850)
-
(173,850)
892,097
718,247		 2024
Total
£
48,845
909,345
349,009
3,184
23,891
778
1,335,052
36,403
997,429
345,798
1,379,630
18,640
(25,938)
-
(25,938)
918,035
892,097

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 17 to the accounts.

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The Carers Centre (Bristol & South Gloucestershire)

Balance sheet

As at 31 March 2025

==> picture [453 x 361] intentionally omitted <==

----- Start of picture text -----
2025 2024
Note £ £
Fixed assets
Tangible assets 11 7,722 11,903
Investments 12 212,873 205,805
220,595 217,708
Current assets
Debtors 13 145,785 76,736
Cash at bank and in hand 420,021 775,067
565,806 851,803
Liabilities
Creditors: amounts falling due within 1 year 14 (68,154) (177,414)
Net current assets 497,652 674,389
Net assets 16 718,247 892,097
Funds 17
Restricted funds 210,615 301,842
Unrestricted funds:
Designated funds 69,932 110,326
General funds 437,700 479,929
Total charity funds 718,247 892,097
----- End of picture text -----

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 16 December 2025 and signed on their behalf by

Stuart Hill - Treasurer

19

The Carers Centre (Bristol & South Gloucestershire)

Statement of cash flows

For the year ended 31 March 2025

Cash flows from operating activities:
Net movement in funds
Adjustments for:
Depreciation charge
Gains on investments
Interest from investments
Loss on the disposal of fixed assets
(Increase) / decrease in debtors
(Decrease) / increase in creditors
Net cash (used in) / provided by operating activities
Cash flows from investing activities:
Interest from investments
Purchase of tangible fixed assets
Net cash provided by investing activities
(Decrease) / increase 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		 2025
£
(173,850)
4,670
(7,068)
(16,538)
-
(69,049)
(109,260)
(371,095)
16,538
(489)
16,049
(355,046)
775,067
420,021		 2024
£
(25,938)
7,099
(18,640)
(23,891)
782
1,640
115,524
56,576
23,891
(9,961)
13,930
70,506
704,561
775,067

The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.

20

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies

a) Basis of preparation

The Carers Centre (Bristol & South Gloucestershire) is a charitable company limited by guarantee registered in England and Wales. The registered office address is The Vassall Centre, Gill Avenue, Bristol, BS16 2QQ.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Carers Centre (Bristol & South Gloucestershire) 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 note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. The charity has unrestricted net current assets of £287,037 and a cash balance of £420,021 at the balance sheet date. The charity has also had substantial contract income extended for at least 12 months from the balance sheet date. The trustees therefore consider that the charity is a going concern for a period of at least 12 months from the date on which these financial statements are approved.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

When donors specify that donations given to the charity must be used in future accounting period, the income is deferred until those periods. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions are met.

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

Income received in advance of contract delivery is deferred until criteria for income recognition are met.

d) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

21

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

e) Funds accounting

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between Young Carers and Adult Carers on the basis of staff time spent on each area, as follows:

2025 2024
Raising funds 1% 0%
Adult carers 73% 76%
Young carers 26% 24%

h) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Computer and office equipment 3 years straight line Fixtures and fittings 5 years straight line

Items are capitalised when their purchase price exceeds £1,000.

i) Listed investments

Investments in quoted shares, traded bonds and similar investments are measured initially at cost and subsequently at their market value. The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year.

j) Debtors

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

k) Cash at bank and in hand

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

22

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

l) Creditors

m) Financial instruments

The charitable 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 recognised at amortised cost using the effective interest method.

n) Pension costs

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. Pension costs charged in the financial statements represent the contributions payable by the charity during the year. The charity has no liability under the scheme other than for the payment of those contributions.

o) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation (as described in note 1(h)) and listed investments (as described in note 1(i)).

23

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

2. Prior period comparatives: Statement of financial activities

Income from:
Donations and legacies
Charitable activities:
Adult carers
Young carers
Other trading activities
Investments
Other
Total income
Expenditure on:
Raising funds
Charitable activities:
Adult carers
Young carers
Total expenditure
Net gains on investments
Net income / (expenditure)
Transfers between funds
Net movement in funds		 Restricted
£
£
14,116
34,729
909,345
-
349,009
-
-
3,184
-
23,891
141
637
1,272,611
62,441
-
36,403
945,893
51,536
329,639
16,159
1,275,532
104,098
-
18,640
(2,921)
(23,017)
35,624
(35,624)
32,703
(58,641)
Unrestricted		 2024
Total
£
48,845
909,345
349,009
3,184
23,891
778
1,335,052
36,403
997,429
345,798
1,379,630
18,640
(25,938)
-
(25,938)

3. Government grants

The charity receives the following funding from local authorities in respect of the delivery of support for young and adult carers. There were no unfulfilled conditions or contingencies attaching to these grants in the current or prior period.

Bristol City Council
South Gloucestershire Council		 2025
£
534,644
403,131
937,775		 2024
£
633,818
441,923
1,075,741

Income from government grants was fully restricted in the current year and prior year.

24

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

4. Income from donations and legacies

Donations
Gift aid
Total income from donations and legacies
Prior period comparatives
Donations
Gift aid
Total income from donations and legacies		 Restricted Unrestricted
£
£
3,691
6,131
-
816
3,691
6,947
Restricted Unrestricted
£
£
13,848
34,130
268
599
14,116
34,729		 2025
Total
£
9,822
816
10,638
2024
Total
£
47,978
867
48,845

25

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

5. Income from charitable activities

Adult Carers:
Bristol City Council
South Gloucestershire Council
Big Lottery Wellbeing Fund
Henry Smith
Other Grants
Young Carers:
Bristol City Council
South Gloucestershire Council
National Lottery
Other Grants
Total income from charitable activities		 Restricted
Unrestricted
£
£
395,072
-
288,066
-
-
-
67,700
-
6,037
8,973
756,875
8,973
167,599
-
121,057
-
94,815
-
48,366
-
431,837
-
1,188,712
8,973		 2025
Total
£
395,072
288,066
-
67,700
15,010
765,848
167,599
121,057
94,815
48,366
431,837
1,197,685		 2024
Total
£
458,191
334,380
50,479
33,550
32,745
909,345
175,627
107,543
-
65,839
349,009
1,258,354

All income from charitable activities in the prior year was restricted.

6. Income from other trading activities

100+ club lottery
Book sales
Course delivery
Total income from other trading activities		 Restricted
Unrestricted
£
£
-
3,013
-
-
225
-
225
3,013		 2025
Total
£
3,013
-
225
3,238		 2024
Total
£
2,759
425
-
3,184

All income from other trading activities in the prior year was unrestricted.

26

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The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

8. Net movement in funds

This is stated after charging:
Depreciation
Operating lease rentals
Trustees' remuneration
Trustees' expenses
Auditors' remuneration:
Audit (excluding VAT)		 2025
£
4,670
5,270
Nil
Nil
6,750		 2024
£
7,099
2,408
Nil
36
5,000

During the year, no trustee expenses were incurred (2024: DBS checks and training costs for two trustees).

In common with other charities of our size and nature we use our auditors to assist with the preparation of the financial statements.

9. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs
Agency and self employed staff		 2025
£
962,571
68,366
38,251
40,383
1,109,571		 2024
£
963,195
71,443
38,566
22,690
1,095,894

One employee earned between £60,000 and £70,000 during the year (2024: one).

The key senior management staff of the group comprise the Chief Executive Officer, Young Carers Service Manager, Finance Manager, Business Manager, Health & Carer Support Manager, and Marketing Manager. The total employee benefits of the key senior management personnel of the group were £213,502 (2024: £226,204).

Average head count 2025
No.
50		 2024
No.
50

10. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

29

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

11. Tangible fixed assets

Cost
At 1 April 2024
Additions in year
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
12.
Market value at 1 April 2024
Additions
Disposal proceeds
Net gains / (losses)
Market value at 31 March 2025
Investments comprise listed investments.
13. Debtors
Trade debtors
Other debtors
Prepayments
Accrued income
Investments		 £
£
7,626
44,298
-
489
7,626
44,787
-
40,021
1,525
3,145
1,525
43,166
6,101
1,621
7,626
4,277
2025
£
205,805
-
-
7,068
212,873
2025
£
112,591
2,681
2,754
27,759
145,785
Computer and
office
equipment
Fixtures and
fittings		 Total
£
51,924
489
52,413
40,021
4,670
44,691
7,722
11,903
2024
£
187,165
59,689
(59,689)
18,640
205,805
2024
£
41,236
1,583
11,470
22,447
76,736

30

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

14. Creditors : amounts due within 1 year

Trade creditors
Other creditors
Social security and pension costs
Accruals
Deferred income (note 15)
15. Deferred income
At 1 April 2024
Deferred during the year
Released during the year
At 31 March 2025		 2025
£
23,394
2,212
21,405
21,143
-
68,154
2025
£
101,083
-
(101,083)
-		 2024
£
19,046
3,239
15,450
38,596
101,083
177,414
2024
£
-
101,083
-
101,083

Deferred income relates to the delivery of support for young and adult carers invoiced in advance.

16. Analysis of net assets between funds

Tangible fixed assets
Non-current investments
Current assets
Current liabilities
Net assets at 31 March 2025
Prior period comparatives
Tangible fixed assets
Non-current investments
Current assets
Current liabilities
Net assets at 31 March 2024		 £
-
-
210,615
-
210,615
£
-
-
301,842
-
301,842
Restricted
funds
Restricted
funds		 £
-
-
69,932
-
69,932
£
-
-
110,326
-
110,326
Designated
funds
Designated
funds		 General
funds
£
7,722
212,873
285,259
(68,154)
437,700
General
funds
£
11,903
205,805
439,635
(177,414)
479,929		 Total
funds
£
7,722
212,873
565,806
(68,154)
718,247
Total
funds
£
11,903
205,805
851,803
(177,414)
892,097

31

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

17. Movements in funds

Restricted funds
Asset Fund
BCYPS Parent Carer
Bristol City Council Core
Bristol HSF
Carers Health Strategic work
Counselling (Henry Smith)
Covid-19
Digital Project BCH
GP Practice Film
NHS Southampton Walk and Talk
Walk & Talk (NLF)
FoodEquality
Adult Small Grants Misc
Rausing Charity Survival Fund
South Glos Befriending
South Glos Core
South Glos HSF
Training (Carers)
Transformation fund
Wellbeing Fund
YC Activity Grants
YC Bristol
YC Donations
YC Donations (Bristol)
YC Donations (South Glos)
YC South Glos Council Core
YC Swimming
YC 13 Up Group
YC Youth & Play
Total restricted funds		 At 1 April
2024
£
-
-
10,337
56,315
31,791
20,440
152
10,148
1,445
22,204
-
-
-
12
25,745
-
33,614
948
581
-
40,039
-
27,687
4,130
1,357
235
3,836
6,398
4,428
301,842		 Income
£
-
15,309
214,524
-
219,397
67,700
-
-
-
-
75,010
5,687
350
-
-
241,945
-
-
-
-
82,862
133,341
-
168
-
107,065
-
4,953
25,865
1,194,176		 £
£
£
(301)
301
-
(18,517)
3,208
-
(218,026)
(6,835)
-
(51,471)
-
4,844
(214,731)
-
36,457
(58,732)
-
29,408
(326)
174
-
(21,312)
11,164
-
(965)
(480)
-
(12,762)
-
9,442
(57,002)
-
18,008
(3,632)
-
2,055
(250)
(100)
-
-
-
12
(25,745) -
-
-
(255,591)
13,646
-
(18,634)
-
14,980
-
(948)
-
(366)
(215)
-
(393)
393
-
(27,139)
(20,001)
75,761
(146,264)
12,923
-
(52,992)
25,305
-
-
(4,298)
-
(342)
(1,015)
-
(110,971)
3,671
-
(1,542)
-
2,294
(3,795)
-
7,556
(20,495)
-
9,798
(1,322,296)
36,893
210,615
Transfers &
gains /
losses
At 31 March
2025
Expenditure

32

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

17. Movements in funds (continued)

Movements in funds (continued)
Designated funds:
100+ Club Lottery
Carers Contingency Reserve
Investment Reserve
TDR - BM Salary
TDR - COL Payment
TDR - YC Resource
TDR - Relocation costs
Website
Young Carers Zone
Total designated funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds
Carers Support and Development
Reserve		 At 1 April
2024
£
4,433
1,137
32,934
7,759
31,000
4,594
9,959
10,793
7,292
425
110,326
479,929
590,255
892,097		 Income
£
3,042
-
-
-
-
-
-
-
-
-
3,042
32,429
35,471
1,229,647		 £
£
(12,644)
5,169
-
-
-
-
(9,023)
12,000
-
(11,164)
-
-
(20,985)
11,026
301
(11,094)
(9,988)
2,966
-
-
(52,339)
8,903
(35,930)
(38,728)
(88,269)
(29,825)
(1,410,565)
7,068
Expenditure
Transfers &
gains /
losses		 At 31
March
2025
£
-
1,137
-
32,934
10,736
19,836
4,594
-
-
270
425
69,932
437,700
507,632
718,247

Purposes of restricted funds

Asset Fund

Funding towards the purchase of 2 staff bikes (one electric) and associated equipment.

BCYPS Parent Carer

Providing information, advocacy and advice to Parent Carers in Bristol.

Bristol City Council Core

Statutory funding to provide practical and emotional support services to adult carers.

Bristol HSF

Funding to support for carers in financial stress.

Carers Health Strategic work

To support NHS Bristol embed the carers agenda across primary and acute care.

Counselling (Henry Smith)

Funding to support counsellors for carers to support their mental health.

33

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

17. Movements in funds (continued)

Funding to cover additional costs due to Covid-19.

Digital Project BCH

Two year funding for the digital transformation of processes and internal infrastructure to achieve a step change in the organisation's sustainability and performance supporting the health and well-being of carers.

GP Practice Film

Funding received to produce a film to be used in GP Practices and a wider awareness campaign to reach out and identify carers, raise awareness of who a carer is and outline our support services.

NHS Southampton Walk and Talk

Two year funding to run 6 x weekly walk and talk sessions for adult carers in green spaces across Bristol and South Glos to help improve carers health and wellbeing and to reduce isolation. The funding also covers some community development work by the Project Manager to increase the number of carers from under represented communities who are identified and supported by us and primary care.

Walk & Talk (NLF)

This three-year funding will enable us to run 11 walk & talk groups for carers and five one-off walk sessions each year. Three of the groups will support carers who attend alongside their dependants. The service aims to improve carers’ wellbeing by offering gentle physical activity, time in nature, and opportunities to connect with other carers to reduce isolation. Some walk groups will be specifically tailored for young adult carers, carers from global majority communities, and LGBTQI+ carers. To improve engagement from these underrepresented groups, the Project Manager will lead community development activity focused on building relationships, increasing visibility, and encouraging participation.

34

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

17. Movements in funds (continued)

Purposes of restricted funds (continued)

FoodEquality Funding to run 5 capacity building sessions for women carers. Running sessions educating women carers around avoiding food insecurity, improving access to and choices of healthy food for carers & the cared for, Sharing tips and information on valuing and making time for your well-being and food choices. Tips sharing for healthy cooking on a budget. Pointing carers to community food support in Bristol

Adult Small Grants Misc A grant of £350.00 from the Centre for Sustainable Energy to cover the participation fee for the “Disabled Peoples Organisations” meeting held on 20th June Rausing Charity Survival Fund Funding received to contribute towards administration costs for Young Carers activities and Adult Carers training and activities. Also includes funding for five laptops to assist with home working. South Glos Befriending Funding to improve the social life of carers. South Glos Core Statutory funding to provide practical and emotional support services to adult carers. South Glos HSF Household support funding to provide financial assistance to carers in South Gloucestershire, who are struggling to afford essential items such as energy, water bills, food and clothing. Training (Carers) Funding received to deliver various training courses and workshops for Adult Bristol Carers. Transformation fund Specific funding to transform the delivery of our one to one support to older carers in Bristol. Wellbeing Fund A 5 year project to support carers to maintain their health and wellbeing and build resilience through telephone based counselling, befriending and mentoring.

35

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

17. Movements in funds (continued) Purposes of restricted funds (continued)

YC Activity Grants

Grants from various sources specifically given to enable young carers to participate in a diverse range of activities and groups. This gives the young carers an opportunity to meet other young carers for a break from their caring responsibilities, have fun and gain new skills.

YC Bristol Statutory funding to provide practical and emotional support services to young carers. YC Donations Donations from various sources specifically given for the benefit of young carers. Transfers have been made to Young Carers South Gloucestershire to cover deficits on those projects. YC South Glos Council Core Statutory funding to provide practical and emotional support services to young carers. YC Swimming To provide young carers with access to swimming lessons. YC 13 Up Group Funding received to run groups for South Gloucester teenage young carers. The young carers meet monthly at a local youth centre/church and it gives them a chance to meet other young carers for a break from their caring responsibilities. The young carers have great fun and gain many new skills whilst taking part in a wide range of activities. YC Youth & Play Funding to support the social life of young carers.

36

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

17. Movements in funds (continued) Purposes of designated funds

100+ Club Lottery Income from the organisations lottery to provide support to carers.

Carers Contingency Reserve Accumulated funds to support specific carer needs which cannot be funded in the short term from other available resources. Carers Support and Development Reserve Funds set aside by trustees to be allocated for specific new project development work and/or to provide interim support for existing work, which may be at risk, whilst awaiting the outcome of continuation funding decisions and to cover the costs of any subsequent employer statutory responsibilities. Investment Reserve Funds set aside by the trustees in anticipation of future, as yet unspecified, projects based approximately on the interest earned each year on bank balances held. TDR - BM Salary Funds set aside by the trustees to cover the cost of the Business Manager's salary for an additional year, from Oct 2024. TDR - COL Payment Funds set aside by the trustees to cover a one-off Cost of Living payment. TDR - YC Resource Funds set aside by the trustees to redecorate the Rowlings room for young carers. TDR - Relocation costs Funds set aside by the trustees to cover the cost of the office move in February 2024. Website Funds set aside by trustees to cover the cost of redesigning and developing a new website to be launched in 2024. Young Carers Zone Capital project to provide a dedicated space for young carers and young adult carers.

Transfers between funds

The transfers from general funds into the various restricted funds are to cover over spends.

Transfers between restricted funds represent reallocations of spend against different projects aligned with the funders' original intentions.

The transfers between designated funds are to ring-fence various project expenditure as approved by the trustees.

37

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

17. Movements in funds (continued)
Prior period comparatives
Restricted funds
Age UK Support
Asset Fund
BCYPS Parent Carer
Bristol City Council Core
Bristol HSF
Bristol Tel. Counselling Service
Carers Health Strategic work
Counselling (Henry Smith)
Covid-19
Covid R & S Quartet
Digital Project BCH
GP Practice Film
NHS Southampton Walk and Talk
Rausing Charity Survival Fund
South Glos Befriending
South Glos Core
South Glos HSF
Training (Carers)
Transformation fund
Wellbeing Fund
West of England Works
YC Activity Grants
YC Bristol
YC Donations
YC Donations (Bristol)
YC Donations (South Glos)
YC South Glos Council Core
YC Swimming
YC 13 Up Group
YC Youth & Play
Your Park
Total restricted funds		 £
-
267
-
20,080
-
1,518
21,278
-
3,225
1,352
29,932
1,445
94,146
280
-
-
13,937
948
4,473
7,880
-
23,492
-
34,146
4,163
2,121
-
4,694
(238)
-
-
269,139
At 1 April
2023		 Income
£
2,545
-
22,500
214,324
78,666
-
217,922
33,550
-
-
-
-
22
-
26,000
242,163
40,000
-
-
50,482
1,225
76,032
133,497
6,709
-
300
101,100
-
9,729
12,870
2,975
1,272,611		 £
£
£
(2,545)
-
-
(267)
-
-
(24,364)
1,864
-
(224,067)
-
10,337
(22,351)
-
56,315
-
(1,518)
-
(207,409)
-
31,791
(13,110)
-
20,440
(3,073)
-
152
(1,352)
-
-
(19,784)
-
10,148
-
-
1,445
(71,964)
-
22,204
(268)
-
12
(255)
-
25,745
(254,546)
12,383
-
(20,323)
-
33,614
-
-
948
(3,892)
-
581
(72,391)
14,029
-
(1,225)
-
-
(59,485)
-
40,039
(142,363)
8,866
-
(13,168)
-
27,687
(33)
-
4,130
(1,064)
-
1,357
(100,865)
-
235
(858)
-
3,836
(3,093)
-
6,398
(8,442)
-
4,428
(2,975)
-
-
(1,275,532)
35,624
301,842
Transfers &
gains /
losses
At 31 March
2024
Expenditure

38

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

17. Movements in funds (continued) Prior period comparatives (continued)

Designated funds:
100+ Club Lottery
Carers Contingency Reserve
Investment Reserve
TDR - BM Salary
TDR - COL Payment
TDR - YC Resource
TDR - Relocation costs
Website
Young Carers Zone
Total designated funds
General funds
Total unrestricted funds
Total funds
Carers Support and Development
Reserve
Unrestricted funds		 £
14,546
1,426
124,934
31,289
-
-
-
-
23,190
-
195,385
453,511
648,896
918,035
At 1 April
2023		 Income
£
2,759
31
-
-
-
-
-
-
-
425
3,215
59,226
62,441
1,335,052		 £
£
£
(12,872)
-
4,433
(320)
-
1,137
-
(92,000)
32,934
(23,530)
-
7,759
-
31,000
31,000
(35,406)
40,000
4,594
(41)
10,000
9,959
(4,207)
15,000
10,793
(26,898)
11,000
7,292
-
-
425
(103,274)
15,000
110,326
(824)
(31,984)
479,929
(104,098)
(16,984)
590,255
(1,379,630)
18,640
892,097
Transfers &
gains /
losses
Expenditure
At 31 March
2024

18. Financial instruments at fair value

Financial assets measured at fair value 2025
£
212,873		 2024
£
205,805

Financial assets measured at fair value comprise listed investments.

39

The Carers Centre (Bristol & South Gloucestershire)

Notes to the financial statements

For the year ended 31 March 2025

19. Operating lease commitments

The charity had operating leases at the year end with total future minimum lease payments as follows:

Amount falling due:
Within 1 year
Within 1 - 5 years		 2025
£
2,309
4,484
6,793		 2024
£
2,350
6,793
9,143

20. Related party transactions

There were no related party transactions during the year.

40