Annual Repon & Finaiicia Stateinents For the )'ear ended 31 Marcli ?02J CARE (CHRISTIAN ACTION RESEARCH AND EDUCATION)
CARE {CHRISTIAN ACTiof4 RESEARCH & EDUCATION) Contents Page l. Charity infomiaiion 2. Tru5teeg report GovernaiiLe Organisalion and siructure Risk management Suinmary of aLllVit)' Finaiicidl pruciiies Stateinent of Trusitts" reswnsibilities Ststem¢'iil as 10 disclosure of inforn)ation to the aiiditors Auditors Iv. 9-10 10 vi. vii. l. Independent auditors report 12-15 4. Statement ol'finai)cial 8clivities 16 5. Balance sheet 17 6. Stai¢ment ofcash llows 18 7. Not¢s to the financial slalenienis 19-31
CARE (CHRISTIAN ACTION RESEARCH & EDUCATION) Charity information Charitv registration number: 1066963 Scottish charit!, registr#tion Bumber: SC038911 CompAny registration number: 3481417 Registered offjce: 53 Romnei, Street Wesiminsier London SWIP3RF Bankers: Llo!,ds TSB plc WesimiEisier House 4 Dean Sthnley Sireei London SWIP3HU Co-operalive Bank PIC 6?.64 Southainpion Row Holborn Londoii WCIB4ND Auditors: Mazars LLP 6 Sutton Plaza Suiion Loull Road Suiton SMI 4FS Solicitors: Bishop & Sewell LLP (incorporaiii)g Monro Wrig])t & Wasbrougli) 59-60 Russell Square Holborn Londoi) WCIB 4HP
CARE (CHRISTL4N AcfioN RESEARCH & EDLTCATIOY) Trustees, re ort for the vear ended 31 March 2023 The Trustees present iheit re]x)rt and the audited financial siaiemenis of the charitv for the Jear ended 31 Mar¢h ?0?3. iyhich are also prepared to meel the requircrnen for a direciors. repon and accoElllts loi. Coinpa]iies Act piirposes. The Tru%tc¢s ha%'e adopted the provi5ioDs ofÈhe Siaiement of Reconiineiidcd Practic¢ (SORPI 'AcLounling and Rep()rtinLT by Charities,. l. Governance Governing doellment CARE (Christian Action Research & Education) is a registere4J chariiy both in England & Wales and Scotland and a companv limitcd by guarantee. The organisalion's governin(y do¢umenis are lis Meinordndum and Articles of Associaiion d8Sed 8 December 1997, which were last amended on 28 March 21M)7. Council of Man*gement ITrnstees} The members of the Board of Trustees (known as the Council of Management in our Article5 of Associatioii) are its directors for the purpose ofcompanv law and Trusiees for the purpose of ¢h8rity law and ihrouglioui this report are ¢ollectively referred to 'ihe Trustees,. The Trusl¢es serving durii)g the year are: Mr John O, Brien (Chair of Trusleesl Mr MiLI)a¢l tirgen SIT C"hurlcs Floar¢ Bi. Mrs l.ucy Rochelle Mr Garetl) Riissell The Revd Charles Trefusi5 In the eveni of a winding up of Èhe charity, each member is liable to coniribute an amount not ex¢eedin8 £10. The members are also lis Trusie¢s and th¢refor¢ at th¢ year end the number of Inember5 was six. The following non-members allend ihe Board of Trustees meeting by invitation: Rev Lyndoii Bow'ring (Chdirman of CARE. and Companv Secretarv of CARE) Mr Ross 14endry (in his capacity as Chief Executive Officer) Appointment (bf Trustees The Chair of TriislLes is nominated by the Board of Truslees. Two Trnstees are elected or revelected annually by tlie unanimous decision ot the Inembers altending ihe Annual General Meeting and serve for a period of three years. All metnik'rs &re ¢irculai¢d with inviiaii¢)ns 10 nominaie Trus(¢¢s. prior io il)e AGM. Tru$tee5' responsibilities CAFiE is a regisiered Christian charity providing resource5 and bringing Christian insight and eiperience to matte of piiblic policy and practical caring initiatives. particularly on behaifof those most in need. The cliarit! s Trusiees Slave complied iviih theii. duty in Section 4 of the Cliarities Act ?006 to have due regard to PubliL Benefit gUidCe issued by the Chariiy Commission and have taken accounT of it in planning fuEure activities. Tl)e Triistees do noi receii'e an¥ private benefit from the charity. other than set out in note 21 and the section on Related Parties below.
CARE (CHRISTIAN ACTION RESEARCH & EDUCATION) Related parties Gareili Russell, & Triistee of CARE. is a Dircctor ol'Jersey Road PR i¥l)o provid¢d spe¢ialist con)municatioiis and Research for CARE during 2022-?i. See note ? I for more details. Charlie Hoare, a Trustee of CARE. received remuneration from CARE LS a consultani for public policy advice supporting CARF. s coiirribiition and participatioii in the EUrOan Leaders Forum. Transactions i¥'itl) rhese related parties a disilosed in note ? l of rhese accoun1%. Trustee induction 4nd training New Trustees NNill undergo ali iiiduction progr2mme led b) the Chair of Trusrees supported by the Company Secretary. This include5 an introduciion io CARE. its Mork and histoiv. as well as the legjal. ftdutiary. leadership and sirategic responsibililies and duties of a Trusiee. Each Trusiee must demoiistraie a cominitment to CARE'S Stai¢meni of Faiih that is consisieni with evangelical biblical belief ai)d its application to the leadership of ihe chariry. In 2023. the Board ot Trustee5 engaged an e¥iemal consuliancy io undertake a governance review ihai will run until Spring 2024. This projeci is reviewingi ihe operaii¢)n aiid lunciioiis ofthe Board. l-his includLS. bLlI is not limited to.. ensLlI'ing that the Board of Trustees is carrying out all lis leyal and fiduciary respos)sibilirie%: h#s a clear sense ot stewardiiig and nurtvring the charily's mission and Plirpose: and h<iS effeciive svstems and processes in place io monitor the strate&Jic direction and key funciions. isaliun and tructur The Coiincil of M8n&gemenl (referred to from this point onwards as 'ihe Board,) meets quarterly to eiisure the charity is meeiingy its Lliariiable obji'cts and legTal obligaiioiis. 'fiie13odrd reLeive% regiilar reports fi'oin Ihe Chief Executive olcer ICI.01 regarding ili¢ general operation of ilie cl)ariiy a5 w¢ll as update5 011 mdjor projects. l-riislees are responsible for the finan¢ial SUslnabilIlY of ih¢ ¢h8rily &$ well as L()Inpliance wilh chariiy and employmeni law. The Chi¢l- Executive Officer is appointed by Trusiees to implemeni the chariiy's sirategic vision and n)8nage the day-io-day operaiions of Ihe chariiy. and reports io ihe Chasr of Trusie¢s. The CEO maiiages a team of four Dii'ectors I'esponsib5e for- Policv aiid Advocacy, CominLinications and EiigTag?emeiii, ai)d OpL'ialions and SLlPPOrter Relations, and the InstiÈute for F'aiih and Culture. This group constitutes the Sei?ior Leadership Team (SLT) who meei monihly. Remiineralion for IhL CEO and his whol¢ ieam %e¢ks to rLflect the cost of livinbv and wider Inarket rates. It is approved by the Board of Trustees as part of tlie Ai)nual Business Pl?1711)g process. IJI. Rlsk man ¢ment Corporate risks are revi¢w¢d ai each Board of Trusie¢ meetin& where a strategic risk register is considered and maintained. In imarch ?023 the top scored risks for CARE. pre-mitigalions. were- l. A significant drop in voluntary income and reoular giving. 2. Attacks on the charily's reputation due to maintaining a biblical position on key social issue5. 3. Challenges recruiting top taleni io fill key staffing gaps. These risks M'ere con5iStent .1117 those identified in in the lasi Annual Report and Accounts. and Trustees ontinue to review and update miligaiions and aciions ihai reduce these risks at each meeting.
CARE (CHRtSTL4N Acrior4 RESEARCH & EDL,CATION) IV. Summa of actii, How wt Seek to meet our eharitable objects. CARE'S charitable object is sei oui in our goveming docuinents. It is-the advxncement and propagation of the Christiain Gospel attd in particular Chri$ti#n teehiDg as it bears on or ffeet$ national individual EnOrali. #nd vthÈc$. We do tliis bv undertakin&T reS¢?h ihai is used to develop educational SOUrceS for christia1. policy makers and inflLiei)cei's. and those who 8tipport or are interested in a C.hrisiian worldviem as it applies to sociul and political debaltts. We alsn siipi)ort and deliver social i1Ctioii i¥orK ihai provides prdcrical lielp and support t() vulnerable group4 and individuals in areas ihai relaie io some ofour public CdVSCS. In slioi'l i¥'e iindertake aiid support Social action projects rtseaT¢h. and deliver education through irnining and ilie produ¢tion of resources. We summarise this by slating that our vision is io see poliii¢s r¢newed and lives transfornied and seek lo do so by speaking God's beii¢r story into public life. Therefore, we aim to: Engage the ChUh, because we believe the Church is God's aczi0i)-plan for ¢hanging the world. Equip poliiicians and those who influence publie wlicy because our leaders need to be Presented with wisdom from G¢)d's Word and rigorous research. Empower fulure leadet3 so Ihal our society and communilies are led well bv people who seek to maii)iain ilie hig?hesl standards in public life. Olir fo¢LlS for work uver the past year has coniinued ro be on: edueaiingF the Church and socieiy on issues relaling? 10 ihe value of life from its beginning to it5 iiatura end. produ¢iiib7 resourees ihat creaie a le¢Y where ihere is a greater respect for human life and where the three iniiitlllions nanied in the Bible as instiiuted by God - family. Churili. and government- are hontsurcd andlor support¢d io IIoLirish. maintaining a reasoned and ¢ompassion8ie voi¢e io government and society on cnicial issues in relatioii to the family. education. cili7Enship. bioeihirs. atMI the media within the UK and beyond. training fuiLire leaders through CARE'S Leadership Programme. equipping ih¢m to have a better undersianding of good leadership and iaking a well-f0rn7ed Chrislian worldview inlo positions of future leadeTship. and the delivery ol support services to those dealing witl) Ioss in pregnancy, and those struggling with addiction5 or disabililies.
CARE (CHRISTIAN ACTION RESEARCH & EDUCATION) An oi'erview of our activities to March 2023 CARE has an Annual Blisiness Plan Èliat sets out the work li intends io cary out Eo meei our aims. The plan is reflected in each member of Sta s objeciives. The overall work is monitored and revIe.ed by the CEO H,ho is accountable io ihe Board. Our maiii activiiies are described below. and are how e develop. provide. and suppo11 aiid deliijer researcli, education and social action ii'ork. All our charitable aciiviiies fo¢us on bringing Christian insiglii and experieiice io Inatters of public policv and prdciical caring iniliatives. They are undertaken 10 further our ¢haTiiable objectives for ihe public benefii. Engaging ihe Churc Dui'ii)g Ilie last year. we developed plans ro expand and grow the WOTk of engaging churches 8cross ihe UK by employin¥ a iiew Head of Chlirch EngagFemeni for England. We expeci This ro realise tan¢yible bcnefits in tei'ms of supporter numbers and improve the dissemination of our OurCeS and teaching opportunities. We continued lo deliver and support higli profile and impactful evenls including- A conferen¢¢ in Edinburgh on assisted suicide and end of life care for church leaders. The confereiice was led by high-protile speakers includiJ)g Professor Jolin Wyall. A two-day residLniial in Wil¢shtre for churcli leaders of differeni backgmunds and ¢hurcliinansl)ip, consuliingF them on key sid1 and polilical trends and discussing hoi¥ CARE could besr guppoil them io engabJe aiid leach their congregaiions and neiworks. Siipporter eveiits in varioLlS pan% of the country. desigTncd to eiicourage aiid eng>ag¢ new and ¢xisling supponers in some of (he key are&s of CARE-S work. Our communications channels (Websiie. Fa¢etyy)k. Twiltei'lx. Instagram. and our weekly newsletter. Iinpaci,) grew sib7niticanily iii reach and profile over ihe year. This wa5 enabled c?iid supi)oned by Ilie produclioii of new content acrois all these cl)arinels. including ' Impaci TV, (YOUTU) and ih¢ 'foundaiions' video series ¢ovcrin¥ lore theology placed on our 'ebSIre. Over the year. CARF continued 10 drdw attention lo how "Christian gospel #nd l¢a¢hing bears on or affects n#tion41 ¥nd individu#l mor#liti and ethics" across 8 rangte of issues ihrough Coverage in the media. For example. CARE was Ihe first ¢harii)' io raise concerns atx)ui Ukrainian r¢fug¢es being targeted by tratfickers. CARE made stateinent5 that appeared in ihe Telegraph, the Daily Mail. and ihe Independeni. A5 the conflici progre55ed, we also received coverage in the Meiro. (he Guardian. (he Huffingtoi) Post. BBC Rlc dio 4. and international niedia. Opinion pieces on CARF. causes appeared ii) Politics Honie. Tlie Express. aiid Premier Chrisiianity. Furtlier ¢ov¢rage came ihrough radio iiiierviews for TWR. pmIer. UCB. aiid oil)er outlets. Eiiuipping pollejb mnkers Our work supponin8 and Challenging policy makers and influ¢ncers continued a¢ross nine ¢auses that represent themes of life. famil).. and justice. mil We have continued to promote th¢ family a5 one of the fundaineiilal instilulions in societv and developed public policv that suppons familv life. For example. we laiinched the annual CARE¥ and the Family '"Taxalion of UK Families •0?2" report in Parliament followed by its disseminaiion to kev Parlianientarians. Our analjsis following the Truss admiRisirdrion s mini budoet M'as also well re¢cived across Parlianient aiid the media. It set out CARE'S fiscal poli¢), priorities to support lamilies during Ihe ct*rrent cost-of-living crisis. Work Telating to the Online Safei). Bill has focussed on the aim of prolecting families. and children in panicular, from hami. We have been a key partner in a iector-wide alliance (including NISPCC. Barnardo s, Internet Watch Foundation, Lucv Faithful Foundation. CEASE. and others) working io amend key aspects of the Bill relating to naming pomography as hartnful conieni and placing such conteni behtnd <ige verification barFier5.
CARE (CHRISTIAIY ACTION RESEARCH & EDUCATION} During the passage of the Bill. we held a joint event with Naked TNth and CEASE in Parliament promoting the lallnLh of a new w'ebsite to collect stories of lioiv porno¢yraphv has harmed lives. The evcnt was ,¢11 attended by cliurcli leaders and sponsored by Tim Farron MP. Amendments drafied CARE were p&sed. Much of our resources have been fociised on end-of-lifc issues. and presenling evideiice of the iinpact of assisted suicide legislation in ditTerent jurisdictions #nd naiions here assisEed siiicide has Lren legalised. This has included responses to different consuliaiions regarding assisted stsicide l¢gislaiion iii Scotland. Jersey. Isle of Man, and consiiltations on professional giiidance io law practitioners and medscs in England and Wales. Our desire ID promote a better alternative saw us support Ilaroness FiJJlay. whose amendmeni to the Health Care Bill ensureg for the first time thai everyone in England will haiie access lo specialist palliative ¢are when they need it. We continued to produce resourccs thai psent a compassione pro-life case and responded io the S¢ollish Governments. consuliarion on 'butTer 7.ones' selling oui (he principle of freedom of belief. expression, and speech while acknowledging that those who are vulnernble should noi feel threatened or intimidated. Our work on justice has largelv compri8¢d ofinforniing policy makers about the extent and hannful impact of commei'cial exploiiation. tralyicking. and gamblin¥. Our work has be¢n quoied bj MSPS in the Scoiiish Parliameni on debates conceming the sex industry aiid prostiiution, artd in ihe Lords on issues of irdfficking. OUT concerns how the Illegal Migraiion Bill will impact victims of Inodem slavery wer¢ widelv covered over ihe course of the year. Work on the issue of¥ambling br(iubJhi the eiieni of gambling organisations. spon50TsI)ip of sport. and protessional football in partirular. to Ihe attention of Parliamentaridlls. Aloiibyside other faith groups and leaders. we wrote to Lifu7e the Governmeni io ensure ihai a mlc ndatory lei'y would be used to support those impacted by g?ambliiig nddi¢iion and that this be included as parf of any refomi of the gambling industry. Empowiiringf4iNré leftders LeodLJr3lii Pi'o i'a A key purpose of tlie l.e8d¢r4hip Pro£ramme. the principal project of the Institute for Faith and Culture (IFC), is to equip the graduates for a fuiure in politics. and in the wider public square. Leadersliip Programffte members do not rec¢ive CARE Inaterial produced for external audiences unless they themselves subscribe to receiving the information directlv. In the summer of 2022. all 12 participanis completed the Leadership Programme su¢¢essfully. Some remain working in We5tminsier in public affairs roles. ii.hile others have continued their professional careers in other fields. The pla¢ements for this cohort have very suc¢e55ful. The IFC programme drnws on leading theoloLFjiins, academics, and leaders iii w>litics, bE5siness. and tlie chh. Wl)en iiot receii.in¥ education and trainiiig from the IFC, the graduate5 work oi. volunteer with Parliamentarians andlor NGOS working in th¢ UK public sqiiare. Tliose working or volunteering in Parliament do so with members in Houses and across four different parties as well as Crossbench peers. rlneri C'i'osslands We continue to partner willi Crosslands in prodii¢inE educational opportunities for meinbers of the UK church. During thi5 repoiting peri have supported lh¢ delivery of an onlkne book group looking at issues relating to the 11116igo Dei and teaching iii the book of Ger5e5i& and the pr(trduction of att online ethics course that is due to b¢ launched at the end ot-2023.
CARE (CHRISTIAN ACTION RESEARCH & EDLTCATION) Euro an Leadetshi ELF CARE on¢¢ again restx)nsible for leading the Politics and Socieiv Network scssioii at tlie European Leadership Forum (ELF) in Mai, 2021 The Network is one of the largest at tlie confereiice, hse total membership is ovei. 650. mainlv drawn from across the European conikftei)l. ii.iih a particular focus on centi'al and eIern European panicipation. Through our w'ork ai ELF. i¥e l)ai'e an opportunity, to equip leaders io influence society thi'ough a Christian li.orld.1eW and io be sali aiid light in their coniext. In ?0?2 also tuiided the panicipation of OLir Leadership Programme members to attend rhe conference. Supporilngpructical arpressions linked lo our area5 ofresearch andeducoliov. PEN This is a ministry service rhat we direcily supporf and deliver. li equips ChUh¢S io gain an understanding of the pastoral issues siirroundinLi uninlended pregnanc}y abortion. and other babi'10sS. During_ ?022.23 our lead consultant continued to deliver iraining sessions to churclies and groups of people interested in bringing a pastoral response to the issues of crisis pregnancy. 1< bortion. and oiher pi'egiiancy loss. Slie also SLipponed the work of otl?er orgaiiisaiions and individuals inlerested iii supporting and cariiig for those who have suffered pregnancy loss. Towards ilie end of the reporting vear. we began preparations for recruiiing a iiew Consultant to work in Northern Ireland and over ihe long-tern7 for a replacement io lead ihe across Great Britain. Pra for Pray tor Schools is a partnership with Youth for Christ. Associaiii)n of Chrisliaii Teacliei's. Open ilie Book, Prayer Spaces in Schools. SeTlPture Union. and Free Churclies Group. Its ainbilious i'ision is for every SLI)ool in ihe UK to be a 'prayed foW s¢hool. We continued to suppon the mainienan¢e of ihe prayer nelworL' aild updaie of reiourcLs ihar inforin aiid encoLira¥ie prayer for the NNork of schools - students. families, siaff teams, and their leaders. Grants awar (her anisaiions Over the course of the year. supported otlier OnIs3t10ns that are ui)dertaking iinportai)t work eoiisistent with OLir own ¢l)ariiable objects. Man), of these provide pra¢iical support aiid help 10 their bei)eficiari¢s in wavs that CARE ¢annot. These were.. Aficr Work Net.. work io support older people in retiremeni find purpose and fulfilmeiii. Bioeihics Centre: research and academic SOurceS on life issues. Care Not Killing.. Promoiing resources in support of better end of life care and opwsilion io assisted suicide le¥islation. ForLim for Chrisiian Leaders: to provide s¢holarsl)ip5 to voun& or resource poor. Clirisiian Leaders to aEteiid ELF and its Politics and Societv Neiwork. Naked Trutli.. supporting those impacied. at risk of being impacted. or addicted to pornography. Not Dead Yei: campaigning for respeclii)g the rights and dignity of disabled people.
CARE (CHRISTIAN AcfioN RESEARCH & EDUCATIO Prioritie$ for 2023-24 Our 2023124 Corporate Business Plan sets out the following priorities.. To implement the new siraiegy 1th a talenied. mission-focu%d team H'orking effectively in a professional environment. li. Reach. enga(Te. and recrtlit Inore ParliaJlleniary and church SUPF4)rteT5 and donots. iii. Idei)rify and achieve tangible siiccesses throu8h our catnpaign and public affairs work. that we celebrate interiially and wiiil external dudiences. iv. Use significant annivers8ry vears for CARE and ihe Leadership Programwne to honour our faithful suppoi1ers and launch new major projects ihat will secure CARE'5 future role and pla¢¢ ii) the public square. Our Corporate Biisiness Plan ouilines 12 major projects designed io deliver these objectives alongside coniinuing and regular work. V. Flnancial ractices Fundraising PTa¢ti¢es The majorily of CARE'S funding is received from thousands of faithful UK supporters who make regular donaiions. and we continue to give ihanks for their gei)erosity. CARF.'s fiindrai%iii&? 15 Compliani With ihe recognised Standards of Fundraising set out iii ihe c.ode of Fundraising Praciicc. CARE participates in ihe Fundrdising Regulaior'4 volUn1V r¢gulaiori' regiine. No complaints about il)e ¢harit) s fundraisingl aciiviiies were received durinL? tlie 2022-23 financial year. All Tequeqts lor donation5 are coinpliani with GDPR (General Data Proieciion Regulaiion) Regulations and those responsible for I'Lindraising are ¢aTelully moniiored. W'e manage all (5uI' mailin and cOrresndenCe wilh supporters in line 'Ith their cornmunicalion preferences. All corrc%ponden¢e provides the Tecipient wilh informaiion aLM)ui how they can be removed froin OUT mailii)g lists. We do iiot Ilndertake telephone ftsndraisin& and we ensure that our fundrnising requests are sensitive and without pressure. Flnancial revleiw During the year. CARE mad¢ a surplLl5 on unrestricted funds of £122.262 (2022.. £932 deficit). This include5 the receipt of legacies iotalling £303.56812022.- £65.10?). The Trustees reinain cominitted io ensuring that CARE h&$ in place a robust budgei and finan¢ial controls to ensure ihe delivery of CARE"s objectives. Nel movement in ftinds for tl)e year amounied io £114.746 net income (2021.. £14.933 net expenditure). Unrestricted fLind balances carri¢d forward at the vear-end M ere £4.543.510120??= £4.421.248). Restricted funds ¢ari'ied forward at the vew'_end amounled to £i8.39712022: £65.913)- Investment polio. Under the Memorandum and Articles of Association. CARE has the power io make any inveslment which the Trustees see fit. Since CARE iniends to hold limited reserves. Tnost funds are held ir itt51aiit access and deposit accounts. Where signili¢aiii money is being held in Restricted and Designated FuTrds. the Trustees will Énvest in fixed-term accounts of up to Six months.
CARE (CHRISTIAN ACTION RESEARCH & EDUCATION) Re5erYes policy CARE has no involvemeni in major capital programmes. nor does it have an5, directly dependent beneficiaries. Tlierefore. the Trusieei feel it 15 inappropriare io hold significant reserves. preferring to n)&ximise the use of funds for the advancement of C.4RE's chariiable objeciives. Consequenilv. Ihe-Iiusiee% intend to Inaintain a fl'ee reserve eqiiivalent EO four months operating c051s lapproiimaiels.. £600,000) '1th1n the iieii )'ear. Fl'ee reserves are calciilated as iotal general fund8 ¢.xcluding iangible Ii_xed &8seis. At the end nf tlie )Jear. free reserves were £1.496,964120?1: £1.443,458). The I'tusiees are curr¢ntlv revieiiing iheir ii)vestmeni strategy and e.xploring the tss¢ of invesiment prograinmes 10 proieci the loiig-term interests of tlie charitv. AssessmeDt of CARE as a 'Goits£ Concern, CARE is in a strong financial position with reserves Significantly aix)v¢ the levels set out in Ehe Reserves Policy. During this year Triis¢eeg approved a neiv straiegic vision and framework thai directly shaped the ¢harily'S Business Plan. While ilie Business Plan and Bud&)e( forecast a largye Geiieral Fuiid deficii for the year. tlie majority of this is accounted for by invesimeni in areas designed to generaie new and susraii)able gro117 in supporter numbers and voluniary incoJne. 11 e.Ipeeted that niedium-iemi ¢0s18 can be carel'ully conirolled and linked direLtly 10 illLre&%ed incoine. Ti'ustees e.Kpect that (here ivill be aiiother generdl fuiid deflLii year in ?0?41?i. due TO pressures oli salaries that account for over 600/0 of expL'nditure, bui Ihai there will be a return to surplus by 2025. without Ilie reserves policy being breechert. For ihis reason. Trustee5 believe thai CARF. meets all re&sonable Goiiig Concern tesls. Vl. Statement of Trustee¥, res onslbililics Coinpany law requires l-rus¢ees to prepare financial slateincnts for each financial vear Kvhicli giive a i¢ alid fair view ot the siare of affairs of ihe charity as ai ihe balance sheei dale. and of Ih¢ir iiicome and expeiiditure for ihe finai)¢ial year. In preparing those financial siaiemenis. the Tntsiees are required to.. select suitable accoLsnting policies and ihen apply ihem consistei111y. make judgements and estimates that are reasonable and prudent. State whetlier applicable accouniing siandards and Siaiements of Recommended Pi'actice l)ave been followed. siibj¢c( to any Inaterial departure5 disclosed and explained in the financial sialemenls. prepare ihe finai)cial statements on the going conceni b&sis unless it is inappropriate 10 presume tlial the charitv will c0111iiiue in operation. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracv ai any time Ihe financial position of the charitv and ¢0 enable them to ensure that the finaiicial statements comply with Coinpanies Act ?006. TheN' are also responsible for safeouarding tlie asseis of the charity and hence for taking reonable sieps for ihe prcveniion and dete¢rion of fr8ud and other irregularities. 10
CARE (CHRISTIATrI ACTIOF4 RESEARCH & EDL,CATION) VII. Statement as to di4closure of infurniation 10 auditors The Tnjsiees have taken all the necessary steps to make us aare. as Trusree& of anv relei'ant audit inforn)ation and to establish thai ihe auditors dre a%¥are of ihat inlomiaiion. As far as ihe Trustecs a aare, there is no relevant audit infomiaiion of m.hich the Lharitv s auditors are unaware. Vlll. Auditors A re5()lution to appoint auditors will be proposed at the lonhcoming Annual Generdl Meeting. These A¢counts have been prepared in accordance M'iih the provisions applicable to companies subject to the Small Companies. regime. Approved by the Council of Managemeni on Joih November 2023 and signed on iheir behalf by Mr Jolin mes Irien. Lhair of Trugiees
CARE (CHRISTIAf4 AcfioN RESEARCH & EDUCATION) Inde endent Auditor's Re ort to the Members and Trustees of CARE Action Research and Education Christian Opinion We have audited the financial staiemenis of C.4RE Iclirislian AciioEI Researcli aiid Edu¢aiioiil Iihe 'charits ) for the vcar ended 31 March ?023 ivl)ich comprise tlie Stateinent of Fiiiaiicial Aciivilies. the Balaiice Shcet, tlie StaEeTllent of Cash Flows and notes io ihe financial statemenis. iiicliiding 3 suniInarJ of significant accouiitiiig policies. I'he financial reporting frameiTrork that has been applied in (Iieir pr¢paratiOll 15 appl icable la. and Uiiited Kingdom Accountin Standards, including FRS 102 -"The Financial Reporting Standard applicable in the UK and Republic of Ireland" l Uniied Kingdom Generallv Acctpied Aceouniino Practice}. In our opinion, the financial staietnents= give 3 Iriie and fair vieK' ol'the siaie of the charity's affairs as at 31 March 20?3 and of its income aiid expendiiure for ihe year then ended.. have been prop¢rlv prepared in accordance witli United Kingdom Generally Accepted Accounting Praciiee.. and have been prepared in accordance ivith the requirements of the Comp1c ni Act ?006. the Charities aiid Trustee Iiivestmeiii (Scotlandl A¢1 *005 and I'e&Tulaiion 8 of (he Chariiie.4 Accoiiiits (Scotlaiid} Regulatioiis 2006. B4sls for oplnlon We condLieted our aLidil in aecordance ivith Intemational Siandards on Aiidiling IUK) {ISAs (UK)) and applicable laiv. Our rL%ponsibilities under those standards are further described in lh¢ Audiror's responsibiliiies for the audii of the findnciJl siaiemenis seciion of our report. We are indepei)deni of the iliaritj in ac¢i)rdan¥e viih Ihc etliical requiremcnis il)a( are relevant to our audil of (he fiiiancial staleinenis ii) the UK. including? tlie FRC'S Eil)iLal Stand¢ird and ive have fulfilled our other ethical responsibilitie5 iii ac¢oi'dai)Le w'ith tliLS¢ requiremeiits. We believe Ih&t the audit evidence we have obiained is sufficient and appropriate to provide a basis for our opinion. Conclusions re12ting lo going ¢on¢erD In auditing the financial sraiemenis. we have concluded (hai the Trusiees. use of the going concern basis uf accounting in the preparaiion of the financial staiements is appmpriate. Based on the work we have perfomied. we have noi id¢niified any material ijneertainties relating to events or conditions that. iiidividually or collectively. Inav cast significant doubt on the cliarilv's abilitfv lo ¢oiitinue as a goi11g ¢oii¢ern for a period of dt least iwelve monihs from when the financial stateii)eiil5 arc authorised for issue. Our responsibilities and the responsibilities of the Tnjstees with respect to going concem are described in the relevallt seciions of this report. Other information The other infortnation comprises th¢ infomhation included in ihe annual report. oiher thali ilie finaiicial statements and oiir auditor s report thereon. Tl)e Tru5tee5 are responsible for the other itiforination. Our opinion on the financial statements doe5 noT cover tlie other infomation and. except to the exient otherwise explicitly stated in OLir repon. we do not express any forni of assurance conclusion thereon.
CARE (CHRISTIAN ACTION RESEARCH & EDUCATION) Other Rnformation (continued) In conne¢iion with our audit ol'ihe financial stateTneiits. our r¢spon5ibilily is to read the otlier infomiation and, iii doiiig so, consider whether tht oihei information is materially in¢onsisteni M'ith tlie financial statements or our knowledge obtained in ihe course of lh¢ audil. or othenlise appears to be mateTiallv misstated. If we identify Such Inaterial inconsistencirs or appareni material misstatements. we are requÉred io determine whether there is a Inaterial missiatemei)t in the financial S1411emenis or a material misstatemeiit of the other infomiation. If, based on the ivo)A( ive h<ive pertoitned. we conclude il)ai ihere is a Inaterial misstateinent of this other information, we are required to report that faci. We have nothing to report in this regard. Opinlons on other matter$ prescribed by tbe Companles Act 2006 In our opinion, based on the work undenaken in the course of ihe audit- the information given in the Tru5tees' Report which includes the Directots Repon prepared for the purposes of companv law, for ihe financial year for whicli the financial statements are prepared is consisreni ivitli the financial stateincnts: and th¢ Directors, Repon incliid¢d wirliii) Ihe Trustees, Report has been prepared in accordance with applicable legal requiremenis. Mlttern on which we are rtquired lo report by exception Iii ligylil Of ilit knoii'lcdLTC and Lindersiaiiding of the chariiy and its environment obiHined in rhe ¢ourse of the audit, we have not idei)iilied material misstaiements in tlie Direclors Report inLluded within tlie Trustees, Report. We liav¢ nothing to report in respect of ihe following mleY$ in l?110n io which the Companies Act 2006 and Chariti¥s Accoiints (Scotland) Rcgulaiions 2006 requires us io report lo you if, in our opinion.. adequaie and proper accounting records have not been kepl. or retutiis adequate fur our audit have not been received Irom branches noi visited by us: or the finaiicial staleinenls are noi in agreerneni wilh the accouniingi records and returns,. or certain disclosures of I rustees remuneraiion specified bv law are not made.. or we have Iioi received all ihe infomation and explanations w¢ require for our audit. the Trustees were not entitled to prepare the financial statements in accordance w'itli the small comp<iiiies regime and take advaniage of the small ¢on)pai)ies exemption in preparing the Trustees, Report and from the requirement to prepare a Strategic Report. Responslbllltles ofTrustees As explained more fully in the Trustees. responsibilitie5 slalemeiit set out on page 10. the Trustees (who are a150 the directors ot ihc charitable Company for the purpo%e5 of compani, lau.) #re responslble for the preparation of the financial staieinents and for 1n¥ 5a11sfi that il)ey give a truc and fair view. and for such internal control as the Trustees determine is necessary to enable the prepardtion of finaiicial ststementS tliat are rr¢¢ from Inalerial misstatement. whether due to fraiid or error. In prlparing the financial staiemenls. Ihe Trustees are responsible for assessing the charity s ability to continue as a goin¥ conr¢m. disLlosing. as applicabl¢. matt¢rs relatcd io going ¢oncern and using the going concern basi5 of accoiintingF unless the Trusi¢es either intend to liquidate the rharily or to cease operatsons, or have no realistic alternative but to do so. 13
CARE (CHRISTIAN ACTION RESEARCH & EDL.CATIOP*) Auditor's responsibilities for the audit of the financial statements We have been appointed as aiiditors under Seciion 44(1 MCI of the Chatilies and Trustee Investinenl {Scotlaiidl Act 200) and under the Companies Act ?006 and rerK)n in accordance with re?ulations made uiider ihose Acts. OLir objecrives are io obtain reasonable a5suran¢e aboui whether the financial siaiements as a whole are free from Inaierial InisstareTnent. whether due io fraud or eThor. and io issue an auditor s report tliat includes our opinion. Reonable assurance is a high level of assuranee bui is noi a guarantee that an audit eonducied En a¢¢ord8n¢e w'ith ISAS {UK) Ivill always d¢ie¢t a material missiaremenr thhen li eiigts. Misstatements can arise fFOTn fraud or error aiid are ¢onsidered material if. individuall)i or in ihe awegate. tliey could reasonably be expected to influence ihe econoynic decisions of users iaken on the basis of ihe financial statements. The extent to which our proCedUS are capable of deieciing iffegularities. including fraud is detailed below. Irregularilies, including fraud. are insiances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. ouilined above. to delect marerial misstaiements ill respect of inEgulai'ities. including fraud. Based on oiir understanding> of the cliariiy and its aciiviii¢& we considered that 1i0j3ThcoJpI1anQC wilh the following lawq and regulaiions mighi have a maierial elTeci on the finaiicial staiemenis.. einployineni regulation. liealih and .%afetv rcbTulalion. anii-mon¢¥. lauiidering regulation. To help us identify instances of non-compliance with ihese laws and gUlarIOns. and in identifyin¥F and assessiiig the risks of material missiateilleril in respeci 10 noil<oiPl1anCe. our i)rocedures included. but were not liinited io.. Inquiringy of InanagTLmeni and. where appropriate. Ihose charged with govemaiice. as co wlieih¢r the charity is in compliance willi laws and regiulalions. and discussing Iheir policies and proc¢dures re&?arding Compliance with laws and regulations: Inspectinb? ¢orrespondence. if any. witli relevani licensing or regulatory authoriiies: Comi7)unicating identified laivs and regTLilations io ihe engeMent team and remaining alen to aiiy indicaiioiis of non-compliance Ihroughout our audil; and Coll.ldering the risk uf acls by ille charity ivhi¢h i¥¢re ¢onErary io applicable laws and regulaiions, including fraud. We also considered those laws and regulaiions that have a direct effect on the preparation ofthe finaiicial sialeinenis. su¢h as lax legislation, pension legislation. the Companie5 Act ?006 and th¢ Charities %tat¢ment of Recoinm¢nded Practice. In addition. we evalLiated the TrLlStees and managTement's incentives aiid opportulllties for fraudulent manipiilation of the financial sraleinellts, including the risk of management override of conliols. and delerniined that the principal risks related to posting manual journal entries to maiiipulaie finan¢ial perfomiance. management bia8 through judgTremeiiis and assumpiions in significant a¢counring estimares. in panicular in relation to income recognition and significant one-off or unusual trai)sactions. Our audii procedures in relation to fraud included bui 'ere noi limiied io: Making eiiquiries of the Trnstees and management on whether thev had knowledge of anv actual, sugpecied or alle¥ed fraud- Gaining an ui)dtrstanding of the internal controls established to Initigate risks related to fraud- Di.qcussing amonLst the engagemenl team the risks of frnud: ]d Addressing the risks of fraud through management override of controls bv perfomiing journal entry 14
CARE (CHRISTIAN ACTION RESEARCH & EDUCATION)
Auditor's responsibilities for the audit of the financial statements (continued)
There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.f[r] c.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of the audit report
This report is made solely to the charity's members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit vvork has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's 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 charity and the charity's members as a body for our audit work, for this report, or for the opinions we have formed.
Signed:
Nicoia Wakefield (Senior Statutory Auditor) for and on behalf of Mazars LLP Chartered Accountants and Statutory Auditor 6 Sutton Plaza, Sutton Court Road'., Sutton, Surrey, SM1 4FS
Date: 14 December 2023
15
CARE {CHRISTtAN AcfIoTr4 RESEARCH & EDliCATIOf4) Statement of Financial Actii'ities for the )'ear ended JI Msr¢h 2023 (including the Income Expenditure Account) Unrestricted Restrieted funds runds Total 2023 Total 2022 otes INCOME FROM: Donatlons and legacies 2.?03,034 ).000 9 208,034 1.920,478 Charitable aetivities Inflliencing Publi¢ Policy 24 24 560 Investments l i.494 13.494 Total income ? ?16,)52 5.000 2.221.552 1.930.316 EXPENDITURE ON: Raising tunds ?12.259 21 ?.259 *20.696 Chtsrilable activities Educatinb publiL opiiiion IiiilLiencing piiblic policy Developing Joun¥F leaders 738,374 877.478 228.662 3.1?9 741.503 719.872 9.387 886.865 8?5,099 228,662 217.805 Total expendliure 2.0.$6.773 19 .$16 ?.069.289 1.983,472 Net ineomel{expeDdilure) before revaluytlons 159.779 17.516) 152,263 (53.156) ILoss)IGain on revaluation of investments 137.517} (37.517) 38,223 Net movement in funds 129 ?62 17.5161 114.746 (14.933} Total fLinds brou8hi lorward 15,16,17 4.421,248 65.913 4.487.161 4.502.094 Total funds carried fornard 15,16,17 4.543.510 58,397 4.601,907 4,487.161 There are no ieeognised gains or losses in either the current or previoLlS year otlier than those included in the Statement of Financial Aciivities. All a¢tiviEics relate to continuing operations. 16
CARE {CHRISTIAN AcfioN RESEARCH & EDL:CATION? B12ce sheet at 31 Mi areh 2023 2023 2022 Notes Fixed #ssets Tangible assets Investmeni. 2,9£6.77 5?1).164 2.944.183 552.225 io 3.446.9)6 3,496,408 Current Assets Stocks Debto Cash ai bank and in hand 1.500 -$7.464 1.274.622 1.500 12 1.035.736 1.334.S86 .107.521 Creditors: Amoiints falling due within one year 13 {179.615) (116,7681 Net current g4ssetS 1.154.971 990,753 4.601.907 4.487,161 Net a55et$ 4.601.Y07 4.487,161 Represented b>.: Unr¢striLted tunds Reslricted funds 4.543.510 58.397 4.421,248 65,913 17 4.601.907 4.487,161 These financial siaiemLnis have beeii Prepared in accordance willi ihe provisions applicable to companies SLibjecl to ihe smo11 companies regime. Approved by the Tru5¢ees on 30th Novernber 2023 and signed on their behalf by: Mr John Ja e50. ien, Chair of Trustees Companj Number: 3481417 17
CARE (CHRISTIAN ACTION RESEARCH & EDbCATIOY) Statement of Cash Flow5 foT the Year Ended 31 Mi arch 2023 2023 2022 Cash flows from operating actii'ities Nei incomelie.Ipendiiure) for th¢ tinaticial year 114.746 114,9331 Adjustments for.. Depreciation of tangible assets Inierest recLived 28.714 (1.2861 112.208) 37.517 28,015 135) (9.243) {38.?2.11 Dividends received Gain(loSSeS) on investments Decrease in trade and otl)er debtors 12.821 Increaselldecrease) in trade and oih¢r credtrors 15.626) Cash from operatlons ?43,1 j (14.140) Cash flows from investing a¢tivi¢les Piirchase L)I' tangTiblc assets Piirchase of investments {11.303) {86.835) 68.736 17.0451 {106.6241 88,412 35 Proceeds from sale ot inveslments Inierest received Dividends received 12.208 9,243 Iyet e*sh from investing a¢tlvltle5 {15,908} 115,9791 Net increase/{decrea$e) in cash and cash eq1valelltS ??7.243 (30.119) Cash and cash equivalents at slart of year 1.051.633 1.081,752 Cash and cash equivalents at the end of the year 1 ?78.876 I,0.fj1,633 'Cash and cash equivaleiits. consist of "Cash at b8nk Jnd in hand" £1.275.6?21202?: £1.035.736) and "Cash held as part of the investment portfolio, £3.• -i4 (?022: £15.897).
CARE (CHRISTIAN ACTIO.N RESEARCH & EDUCATIOL44I Notes to the fillancial statements for the )'ear ended 31 Mareh 2023 Conipany infonnation CARE is 8 companv limited by guardnlee and regISted in EnglaJ)d and Wales. registration number 3481417, and a chariiy registered in England and Walcs number 1066963 and registered in Scotland number SC03891 l. The regislered olTi¢e is 53 Ronlney Streel. Westminsier. London SW I P 3RF. B85is of preparntSon of financial st8temeDts The finaiicial %taiements have been preparcd in CordanCe with AccountinbJ and R¢porting by Charities.. StatemeDI of Recommended Practice applicable io ¢liariiies preparing thcir accounts in accordance with the Fin1£ ncial Reponing Standard applicable in the UK and Republic of Ireland IFRS10?) leffLctive January 2019)- (Charities SORP (FRS102)}. and tlie Companies Act 2006. CARE meets the definition of a public trtnefit entity under FRSI 02. Assets and liabilities are initially re¢ognis¢d at hi5tori¢ul ¢osi or trdnsaction value unless oihenvise sthi¢d in the relevant accountiiig policy note. The Trusiees have agreed deiailed budg¢is for ihe year ended 31 March 2024 and r¢vi¢wed cashflow forecasts 10 30 November 2024. Boih sources of in¢oiM¢ and types of expeiidilure have been reviewed and tlie Trustees have also considered ihe chariiy's working capital and capital expenditure requii'emenis. As o resuli of (he foregoing ihe Trusi¢es are satisfied that it 15 appropriate to prepare the accounts on a goin¥ ¢oncem b&si5. Vlxed assets aDd depre¢i#tion Depre¢iaiion is provided by ihe chariiy io write off tlie cost of tsngible fixed assets by equal insialm¢nls over their esiimiilLd useful economiL lives &s follows: Freehold buildings ()ftice equipinent Motor vehicles Computcr equipment - 50 years . 7 vear5 - 4 year5 - 4 years Provision is made for depreciation on Ihe freehold pruperty bul not Ilie relaied land. Tl)e freehold building was ii)depend¢ntly revalued in December 2012 and the Inarkel value was deemed io be £3.095.000. The TrL15tees consider ihai £890.000 of this revaluation relates to ihe cost of the building and therefoTe thi5 amouni been depreciaied accordinglv. Leases R¢nta]s payable under operating leases are charged on & straight-line basis over tli¢ terni of the le&se. P¢nsloll costs The charity does not operate its own scheme. Contributions are made to a groiip personal pension sclieine. The ainouiit charoed to the Statement of Finaiirial Activities represents tlie contribution5 payable to such scheme5 in respect of the accounting period and amounted 10 £96,984 (2022.. £96.3431. Stocks Stocks are staled at the lower of cost and net realisable value. 19
CARE (CHRISTIAN ACTION RESEARCH & EDLCATION) Notes to the financial statements for the }ear ended 31 March 2023 Income All income is included in (he Stdtknincnt of Financial Activities when the ¢harily is legall J ciititled to the income and the amouni can be quantified u.irh reasoiiable accur2cN,. LegTa¢ies are recognised as income Mheii it can reasonablv be assumed ihat ihe chariiy is enlitled to tlie legacy and the amount can be estimated wiih siifficieni reliabilili,. Expenditure All expenditure 15 included on an a¢¢nJals basis and is recognised wheii there is a legal or constructive obligation to pay for expendiiure. Expenditure ha5 been ¢lassified under headings thai aggregate all costs related to il)at a¢iivity. Wl)ere costs cannot be direcily aiiributed io pant¢ular activiiies. rhey l)ave been allo¢aied io aciivities on a basis consisteni wilh ihe use of resources. Ceniral overhead costs e all()cated to charilable activities and costs of raising lunds on (he basis of their use of cenirdl suppotT services. Cosis ol'rdising fund5 are those incurred in seeLingy voluntary contributions and do not include Ilie costs of disseininaliiig7 Iiilormation in support of chariiable a¢tivili*. Governance costs are ihe cosis associated with the governance arrangemen15 of Ihe Chariry, as opposed lo the direct mana¥Teinent funciions inherent in rnising funds ar chariuble acisviiy. Iiicluded wiiliin Iliis Caiegory are cosis associated with the strategic. as opposed to daY-laY. Inanagieinent of the Cliarily's Support costs represeni ihe sialTing and a&4ociaied Cosis of finance. personi)el and gT¥nerHI adininistraiion and are allocaied across the categories of charitable aciivities. goN'eriiance costs and ilie costs of raisiiig funds. The basis of ihe cost allocaiion has been L'xplained in iiole 7 to Ilie fiiiancial 5tai¢menis. Certain expenditure 15 directly attribuiable to spe¢ifi¢ a¢iivities and Ih¢se have been includ¢d iii the ¢osl of these aclivities. Certain oiher costs. which are aitribuiable io more tl)an one activity. are apportioned across aciivities on the basis of an estiinaie of tl)¢ proportion of iimc spcni by Staff on Ihos¢ activities. Where informat1011 abolit ilie aim5. objective5 and projects of the charilv is piDvided iii the coi)teni of fiindraising Inaiei'ial in an educational maniiei.. these cosis are apporlioiied io cl?aritable activities. Irrecoverable VA T is char&Ted as a cost in the Statement of Financial Aclivilies. and apportioned acroqs aciiviti¢s. Irre¢oYerable VA-r in respect of the accounting period ainounled to £63.516 (?0??: 56.057). Invesiments Investments are stated in the balancc sheet ai iheir fflarket value as at the balance sh¢¢t datL. All movements in value arising from invesimeni changes or revaluation are shown in the Stateineiit of Finaiicial Activities. Realised ainS or losses on investmcnts are calculated as ili¢ difference b¢ti4reen the disposal proceeds and market value ai tlie beginning of the J'ear. Unreali5ed gains or losses are d¢riv¢d froni the movement in market values during the year.
CARE (CHRISTIAPI. Acfioii RESEARCH & EDUCATION) Notes to the financial statements for the lear eDded 31 Mr¢h 2023 Fund a¢eountin Fund5 held by ihe ¢haritv are either.. Unresiricied general fund5- these are fLinds which can k used. in ac¢ordance with the objects of the charitv. at the discretioii of the TriJstees. Untrsiricted dIgnated funds- Ihese are ftjnds set aside by ihe Trustces out of unrestricied Teneral lunds tor a specific future purpose or projects. Restricted funds- these are funds that can only be used for particular resiricted purposes 'ithin thc objeils of the charit),. Restrictions arise when specified b) Ilie donor or when funds a raised for particular resiricred purposes. Further explanation of ihe naiure and PUryM)se of trdch fund is included in the notes lo the financial statements. 1.10 Non-deriv4tive finMnci81 instruments Non-derivative financial insirumenis comprise trade and other debiors, cash and cash equivalents and trade aiid otlier creditors. 1.1 l Debtors and creditors receiv#blelpyble wllh5n one yer Debiors and cre¢Jitors ivitl? no staled interest rate and receivable or payable within one year are recoi'ded 81 tran5actioii price. Any losses arising from impairnieni are reco¥nis¢d in Ihe stslement of 1.12 Cash And ¢*$h equivJlent$ Casli and cabh equivalenis in rhe balance sheei comprise cash ai bank and iii hand. For ihe purpose of the staiement of cashflows. Lash and cash equivalents are net of bank overdrafts which are payable on demand. 21
CARE ICHRISTJAN ACTION RESEARCH & EDL'CATIOIN) Notes to the financial statements for the year ended 31 Mareh 2023 Net movement in funds The nei moweineni in lunds for year ts sraied aft¢r charoing: Total 2023 Total 2022 Aiiditors. remuneraiion Depreciation Staff Pension Costs Lee Payment5 7,79) 28,015 96,343 19,266 28.714 96.984 All in¢ome &S received from activilies within the Uniied Kingdom. Donatltsns and legacies Unrestrieted runds Restricied funds Totol 2023 TotAI 2022 Regiilar donaiions LegTa¢ies Other donatioi)s 987.893 303.568 911.573 981 893 303..$68 916.573 974.753 65.102 876.4)8 S.0(Ml 2,203,034 5.000 2 108,034 1.916.313 4.165 Govemment grants 2 !03.034 5.000 2.?08.034 1.940.478 Regular dot)aiions are thosc received by Direct Debit. bank siandirtg order and oiher regular giving mechanisms. Legacies were all received in the year. Toial donations in 2021-2? were £1.920.478 split £974.753 Linrestricted "Regular Donations" £65.102 Linrestricied "LegyaLits' £851.458 unresiricied "Other Donations" £?),000 r¢slricled-'O(her Donations and £4.165 were unrestricted "Gov¢n)m¢n¢ Grants". Tax recoverable in respect of donations amounied to £214.0641?022: £?41.i27} ai)d thi5 has been included in the relevant categories of income. Income from charitable ActRviti Sales of educational ¥ngterial Unrestrieted Total Total 2023 2022 Influencing public policy 24 560 24 560
CARE ICHRISTIAN ACTION RESEARC.H & EDIICATION) Notes to the financi81 $12tements for the year ended 31 Mareh 2023 Raising funds Unrestricted Total Total 2023 2022 Regular donations Le¥aiies Oiher donations 104.592 110.286 6,141 6,476 93,973 99.088 204,706 215.850 7,553 4.846 Investment managemeni cosis 212.259 220,696 Included in the above are support costs of £51.859 (2022: £51.082). Charit¥ble activities To¢al direct costs Staff costs Other costs Support Tolgl 2023 Total 2022 Educaiing PLiblic opinion Inlluenciiig PL',blic polic Developing young leadci's 296.744 429.205 69.167 239.790 536.534 l Q5.374 614.579 96.807 165.Q74 ?04.969 26• 286 62.688 741,503 719,872 886.865 825.099 228,662 17,805 Total 2023 795,Ilb 531.971 1.3?7.087 529.943 1.857,030 Toial 2022 824.463 525.903 1.350.366 412.410 1,762,776 Support $ts Management Infonnatlon Human & Finnce Technology Re$ouretq TotRI 2023 Goi'ernn¢e Facilitle$ Educaiinb public opinioii Influeiicin17 piibli¢ poli¢v Developing voiin&i leade]5 10.595 12,305 3.468 97.639 113,398 31,955 29,219 33.932 9.562 20.835 8.650 5.209 46,681 204.969 74.001 262.286 12.494 62,688 26,368 3,193 24? 99? 29.429 72.713 8.806 54,694 5.209 133.176 529,943 5.222 51,859 Raising flinds 29.561 ?72.421 81.519 59,903 138,398 581,802 Managem¢ni & goveman¥e. finance. it)formation technoloJo and facilities costs are allocated on the basis of exptnditur¢. whilst human rtsources costs are allocated on the basis of head count. 23
CARE {CHRISTLIN ACTION RESEARCH & EDDCATJON) Notes to the fittancial statements for the i'egr en(led 31 March 2023 Staff numbers and eost$ 2023 Numlier 2022 Number The average nuinber of stafFeniployed during The vear wa$ 2) l?02?: ?5}. The average iiumber offull iime equivaleni staff employed by ihe chariiv duringF the vear, analNsed by category. including siipport staff was as follows.. Influencing public policy Educating public opinion Developing young leaders 10 22 21 Costs of raising voluiiiary income 24 24 Staff nuinbers inclLide suppon siaff all(Kai¢d io ihe various aclivitie5. The aggregate payroll costs were.. Wages Jiid salaries Social security CO%IS Pension Losts Redundancy f4?8.691 93.945 96.984 917.328 95.950 96,343 17.940 1.119.620 1.127.561 2023 P4umber 2022 Number £60.001 £70,000 £70,001 £80,000 Pension coniribiitions of £8.364 were made in 2021_?3 on behalf of this employee. No Ti'ustee receiied ani, remuncration in their role as Trustee during tl)e ye8r l?02?: none). Note 21 gives details of amounts pd to Trustees for other services provided during the year. No Trustee re¢eived reimbursed expenses in the financial )'ear (20?2- none). The total einployment benefits. includini r employer pension contributions. ofthe key management personnel of Ihe charity were £143.6141202?: £148.469).
CARE (CHRISTIAN ACTION RESEARCH & EDUCATION) Notes to the financial statements for the l'ear ended 31 March 2023 Fixed assets Freehold property Office equipmettt Computer equipment Total Cost At l April ?022 Addition5 3.095.000 69,6?8 59.390 11.303 3,224,018 11.303 At 31 MarLh 2023 3.09i.000 69.628 70.693 3.235.321 DepreeiatiOD Ai l April !0?2 Charge for the year 164.650 17.800 66.7)5 2,873 48.430 8.041 279,835 28,714 At 31 Mur¢h 20?3 182.450 69.6?8 56.471 308.549 Net book values Ai 31 March-.023 2.91? $50 14.2*2 2.926,772 At 31 March 2022 2.930.3!0 10.960 2,944,183 The fi'cehold buildinb? was re-valLied al £3,09S.000 on tliL basis of IoLir independL'ni local ab?ents' estiniaied valuaiiniiq rLCLived in i)Lceinber 012. The TrusiL'es re%'ieii.ed fhe N'aluaiioii at 31 March 2016 bv ¢(Iinparison lo 5()Lal propen> price% ano coiisider ihal the valu8tion in the finaiieial stateinents remains appropriate. On the iransiiion in Eh¢ Charities SORP IFRSI O?). the TTUStees decided to treat this valLie as tlie deein¢d cos1 of the property. There is an eqiiitj mortg)age secured against ihe propertv which is dis¢losed within creditors in note 13. 25
CARE (CHRISTIAN AcfioN RESEARCH & EDL'CATION) Notes to the financial statements for the year tnded 31 March ?023 io Fixed Asset Investments 2023 2022 Market Value Listed iiivesiinenls: Opening markei value Additions Disposals pro¢¢eds Ponfolio revaluation -736.3*8 86.835 {68.7i6) {37,5171 479.893 106.6?4 188.412) 38.223 516,910 3.254 536.328 15.897 Cash held as part of portfolio C105ing marker value 5?0.164 552.22) All invesrmenrs are held primarily to provide an invesimeni retum for the charity. li Stocks 2023 2022 Books and DVDS 1.500 1.500 12 Debtors 2023 2022 Due within one year: Gift Aid Recoverable Prepayment5 and accrued income Other debtors 31.556 ?0.566 5.342 57,464 37.995 6,9?6 70,285 26
CARE {CHRISTIAf* Acfiop4 RF,SEARCH & EDL'CATION) Notes to tbe financial ststements for Ihe )ear ended 31 March 2023 13 Creditors: AM0ts fallin¥ withtll one year 2023 2022 Equitv Mone24es Tr#de ci'editors Social .¥eeLirity costs Pensii)n Coniributions payable Other ¢r¢ditors Accruals and deferred income 3).336 70.913 35,336 34,263 26,308 234 6.000 8.141 6.300 3?,370 179.615 116,768 14 Ltasing ¢ommitmeRts The charity's I'uiure miiiimum operating l¢ase pavmenis are as follows: 2023 2022 Withiii ui)L year Between one and five year5 8.542 16,053 8.063 8,080 27
CARE (CHRISTIAN ACTION RESEARCH & EDUCATION) Notes to the finaneÉal statements for the vear ended 31 Maryts 2023 15 Unrestriettd funds General rund Designattd fund Total Balance at l April ?0?? 4. j51 305 68.943 4.4?1.248 Net incoine/(expendiiure) in the year Transfers beiween funds Gain on revaluation of investments 212,?72 (138.660) (37.517) 15? 493) 138,660 159.779 (37.517) Balance at 31 March 2023 4.388.400 15.5.110 4.i43,510 16 De8lgnoi¢d funds Balance at April 2022 Balance at Tr#nsfers 31 March 2023 In¢ome Expenditure Romney Sireei End ot Life Campaign Chiirch Leaders Relationships Websiie 40111 Anniversary 3.79) 15.148 50.000 100.000 103.795 115.148) {37.?601 112.740) 29.600 21.800 29.600 21,715 (85) 68.943 {52.493) 138.660 155.110 The Romney Street fund is to provide for future upkeep and development of tlie buildii1g. The End of Life Cdmpaign fund is to >pearhead CARE'S work io prevent a ¢lianbte in the laiv on Physician Assisted Suicide and promote good palliative care across the UK. The Church Leaders Relatioftship fund is to develop our work with cliurch leaders. The Website fLind is to refresh and rebuild CARE'S website ¢on515t¢nt with the new orgw)isational strategiic vision. The 40th Anniversary fund is for a series of events and acEiVlties thai assist supponers engage with CARE'S 40ih anniversarv. 28
CARE (CHIUSTEAN ACTION. RESEARCH & EDLTCATION> otes to the fin#neial statemellt5 for the vear ended 31 Mar¢h 2023 17 Restricted funds Ba13Dee gt l April 2022 Balance at Tratt5fers 31 March 2023 Income Expenditure IFC Development Fund P Word Northern Ireland Equipineni Fund 54.208 53.397 {5.281) {6.424) 6.4?4 5.000 5.000 65.913 5,000 {12,516) 58,397 The IFC DeN'elopment fund is to cover the co$ of ongoing work with the Alumni. The P Word flind is io give the latest infornialion and provide resources for those in church leadership to help tliose stru¥gling with issues around pornographv. The Northem Ireland fund is to trdin volunteers and establish pregnancy crisis centres to support those facing an unplanned prebinancy or posi abortion issues. The L'quipment FLind is to be used for Ihe purch of nelw equipmenl thai will further CARE'S mission and ¢harit<ible objeets. 18 Analy$i¥ of net assets between fund3 Total Total Funds 2022 Gener81 Designated Restrlcted funds runds 2023 Tangible fixed &55el$ Investinents Cash at bank and in hand Other net current Iliabililies) 2,926.772 5?0.164 1.06• 115 (120.651) 2,926.772 2,944,183 520.164 552.225 1 ?7$.62 1.035.736 (120.651) {44.983) 155,110 58.397 4.388.400 155.110 -$8.397 4.601.907 4.487.161 29
CARE (CHRISTIAN ACTION RE.SEARCH & EDUCATION) Notes to the finaDeiAI ststements for the )-ear ended JI March 2023 19 Company limited b). guarantee The coiiipan) is limited by £iiaraniee and so has no share capiral. The meinbers of ihe cliariiable coinpaEiy have agreed io contribute up io £10 each in Ihe ei'eni of tlie dissolutioii of ilie coinpanv. 20 Controlling parties In the opinion of ihe Council of Management there is no single tsliimaie controlling party of ilie charity. 21 Related parties The charity is connected wilh ihe following organisarions:. CARE Campaigns is connected to CARF as all of ihe Trusiees of CARE are direclors of CARE Campaigyns, hICh was domiani during ihe year. Jersey Road Lid is a specialist PR and media ¢onsulian¢y con)pany. CARE Trustee Gareth Russell is a direcior of the company and provides specialisi consuliancy services io CARE in this area. for a very reasonable fee. compared io market value. The total ainount paid to Jersey Road Lid durin¥ ihe finaiicial year £18.756120??: £9.4001. CARE owed Jersey Road Lid £nil ai il)e y¢or-¢nd12022.. £iiill. Charlie Hoare is a Ti'uslee ol'ihe charilv and lie provides advice on publtc policy matters ar a fee below the market raie. 'fhe ioial amoiint paid to Charlie Hoare dliring the fiiiantial year was £7.7401202?: £4.200). CARE owed Charlie Hoare £nil al ihe year-end12022: £nil). 30
CARE {CHRISTIAN ACTION RE.SEARCII & EDLCATION) Note5 to the financial statements for the ye#r ¢Trded 11 Mi xreh 2023 22 Statement of Financi31 A£tii'ities for the vear ended 31 Marcb 2022 (in¢luding tbe Income And ExpeDditure ACCOt) UnYtTiCted Restricted funds Total 2022 114CI)IIII FROIM: Dooations nd legacies 1.895,478 5.0110 1.920.478 Ch8ritable Jeilvitie5 InnuenLing Piiblic Policy Developin8 Young Leaders 560 560 InvestmL'nt8 9.?78 9.278 Total income 1.905.316 25.000 1.930.316 EXPENDITLRE ON: Raisiiig funds 220.696 220,696 Ch#rli¥ble act1ltIeS L.diie<ilii)u piibiic ofjinion InfluLiiiiii¥ publi¢ p(IliL Developing young leaders 710.122 795.848 217.805 9.750 119.872 29.251 825.099 217.805 Tntsl expenditure 1.944.471 39,001 1,983.472 Net {expenditurL'l/income before revaluations (39,155) (14,001) (53,156) Gain on I'evaluation of investmenls 38,223 38,223 Net movement in fund$ (932) 114.001) (14.933) Total funds brougl)I toward 4.42,180 79.914 4.5n2.Q94 'rotal fuDd5 carried ffjrF*'ard 4.421148 65.9 l j 4.487.161 Thcre are no reLooiiised gaii)s pr Ivb% e% iii Liiher the Lurrerii or prLv1O year other Ilidn those incliided in the Stat¢ment of FinaftLial A¢tlVilie.%. All vities relate to continuing operatioiis.