Charlty reglstratlon number 1069278 Company registration number 03634933 (England and Wales) DURHAM COUNTY CARERS SUPPORT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 DURHAM COUNTY CARERS SUPPORT LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs J Potts Mrs A Vasey Mrs M Usher Mrs M Normanton Mrs V A Bumip Mr l Briggs Mr O Oluwatuyi Mrs K E Vasey {Appointed 30 January 2024) (Appointed 30 January 2024) Charlty number 1069278 Company number 03534933 Reghtsred offlce Enterprise House Enterprise City, Meadowfield Avenue Spennymoor County Durham DL16 8JF Audltor Allen Sykes Limited 5 Henson C108e South Church Enterprise Park 816hop Auckland Co Durham DL14 6WA DURHAM COUNTY CARERS SUPPORT CONTENTS Page Trustees, report Independent auditor's r8POrt Statement of financlal activth'e8 10 Statement of financlal posltlon 11 ststement of cash flows 12 Notes to the financlal statements 13-26 DURHAM COUNTY CARERS SUPPORT TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who are also the directors for the putposes of company law, present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policles set out in note 1 to the financial statements and comply with the Companies Act 2006 and "Accounting and Reporting by Charitres: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Objectlves and actlvltles A summary of the objects of the charity as set out in its govemlng document: The relief of need, hardshlp, povety or dlstress mainly but not exclusively in the County of Durham including but without Ilmitation the promotion of support of the health and welf8r8 of people {"Carers") with reswnsibilitl88 for caring for those in n88d of support and assistance by reason, by age, infirmity, disability or poverty. The purpose of the charity is contained in our'mlssion Statement": "Durham County Carers Support aims to provide a better lif8 for Carers" On 1st July 2012 we became Durham County C8rers Support following the merger of the four fonner Carer Centr88 {Derwentside Carer Centre, Durham and Chester le Streel Carer Support, Easlngton District Carer Support and Durham Dales Action for Carers) into Sedgefleld Locality C8rer8 Cenlre whlch then changed its name. The servlce covers the whole of County Durham and offers 8UPPOrt to all adults caring for someone in the County. Our"Vision' 8ets out the overall long-term outcomes of the charlty.. "Creating a community where Carers are r8cognised, valued and supported" In setting the objects and planning th8 8Ctivrties of the organisation, the Trustees have given careful consideratlon to the Charity Commission'8 general guidance on public benefit. Overall Stratsgy for dellverlng our objectlves The overall strategy for delivering the org8nisation's objectives is to have a clear strat8glc plan linked to an Oper8tion81 and Development plan, ensuring that all stakeholders are consulted when developing and updatlng these. We focus on listening to Carers and responding to their changing needs whilst working in pathership with wid8 range of st8keholders from health, social care and the voluntary and community sector. We have developed effectlve ways of gathering feedback and consulting wlth Carers and regularly review systems to ensur8 they are fit for purpose. In the last few years, we have devoloped our methods of using digital tools, face io face and in groups tt) listen to our service users and shape the serlice accordingly. The model of delivery is based on front Ilne generic patch-based v￿rkerS supported by project workers. peer support workers and a Senlor Leadership Team (SLT). We use feedback, data and monitoring to ensure a prO￿s8 of continuous improvement Is in place to OV8rcome the challenges faced. In early 2024 we asked Carers to tell us about the service they received, what works for them and what needs improving. 714 Carers took part, with 580A caring for be￿een 51 and 100+ hours a week. 570A had been caring for at18ast 5 years, so very much at the heavy end of caring. Carers told us what parts ol our service were most important to them and suggested improvements. Following this we held 3 consultstion @vents attended by 125 peopl8 and Invited some wider stakeholders. This enabled us to drill down on some of the issues raised. Feedback will shape the direction and shape of our planning and has already infomied developments. DURHAM COUNTY CARERS SUPPORT TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and perfornianc8 The year beginning April 2023 was the first full year of getting back on a nornial footing following the pandemic. We continued to offer higher levels of support around financial wellbeing as the cost-of-living crisis, fuel bills and inflation hit Carers disproportionately. During the year we had 3985 referrals in total between County Durham and Darfington. *Ve have continued to develop our dlgital offer whilst keeping the face-tovface contact for vulnerable Carers who need this most. Web8lte vislts grew 14% from 3,600 to 4,100 in the year. Online registralions during the year amounted to 892. Our Fac8book reach is now over 10,000 per month and our Facebook Carer forum grew from 177 to 708 during the year. We have an instant messaging Servi￿ via the website that dealt with over 540 requests, and we have now embraced 80me features of Al to support out of hours queries. We are very excited to be developing a rtual Carer Centre to extend our offer this year. Our frontlin8 SUPPOrt for benefits and grants continue8 to be In hug8 demand. In Durham 639 Csrers were 8UPPOrted to gain £2,988,051 in annual income and £784,441 in backdated awards. In Darlington the first year of benefit support help&d 60 Carers who were supported to gain 28 grants tot811ing £7,419. Following a training survey, we developed a training plan and durfng the year delivered a wlde rang8 ol workshops, courses and activitie8, mostly face to face, to 680 Carers. These were funded by a combination of Durham County Council Care Academy, working wlth partners and our Carer Wellbelng fund with fundraising and donations. 'Onllne Pllates gave me a psychologlcal and soclal ben•fft. It's been good to have somethlng for me and I've really looked lorward to the 8esslons. Onllne made It acc•s8lble. Thank you" "P081tlve approach to care course helped me to appreclate what my mother 18 golng through wlth her dementla. I now feel well •qulpped and am koen to use the knowledge and skllls I hav• learnt" The Volunteer Service has grown massively during the year to 14,940 hours of support. This includes delivering counselling to 617 Carers and the 'Keeping In Touch. team calling 1148 Carers, resulting In many of these receiving addrtional support and senrfic8s. A focus on developing the benefit form filling service has enabled 180 families to get support with child DLA. Our 7 8UPPOrt groups are now attended by an average of 120 every month. INe now h8ve Iwo projects inten81vely 8UPPOrting Carars when the person they care for is In hospltal and most Importandy at the point of discharge and for the first few vReks after discharge. Both Durham County Council and Darlington Borough Council have funded thes8. Staff are basad in University Hospltal North Durham and Darllngton Memorial Hospital Several days a week and have already supported over 80 Carers. Key Ststl$tlc8 202312024 County Durham stati$tiC8. 3529 referrals durlng the year. 639 supported with benefits. £2,988,051 in additional income secured as a result and £784,441 in backdated payments. 4648 Carer discount ￿rdS issued. 2648 Carer breaks funded and organised. Grants for indlvidual Carers totalled £13,496 and a huge £175,000 was dlstributed to Carers via funding from the Government through the Household Support Scheme. Darllngton statlstics. 466 r8ferrals during the year. 60 Carers supported with benefits, gainin9 £501,000 In addltional income and £112,000 in backdated awards. £7,419 was secured from grants for individual Carers. Flnanclal revlew ReseThes poI￿Y The organisation has a ReSe￿e Policy that is reviewed on an annual basis by the Board of Trustees. The Trustees have established the policy of maintaining unrestricted funds, which are the free reserves of the Charity. The agreed level equates to between 3 and 6 months expenditure to provide sufficient funds to cover premises, management, administrats'Dn and support costs. At 31 March 2024 the company held unrestricted free reserves of £605,208 which is considered to be more than adequate in relab'on to the requirements of the reseprfe policy. DURHAM COUNTY CARERS SUPPORT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Plans for future periods Having secured our main contracts for Carer Support across County Durham and Darlington and carried out a mini restructure, we have used our Strategic Plan to focus on the future. We have prodU￿d an Operation and Development plan that looks at how we do this. In Darfington we have expanded the team, and it includes a Hospital Di5ch8rge project, specialist Parent Carer support and Connecting Carers project alongside the existing Carer Support team. All these will enable us to increase the reach of the support available, work with more partners and hopefully achieve our mission to improve the life of Car8r8 In Darfington. In County Durham our Partnership and Engagement Coordinator will target areas of lower referrals and work with organisations to identify harder to reach communities. We are using the feedback from the Carer survey earfier this year to inform our plans and ensure Carers are communicated in the ways they find most accessible and we support them with th8 Issues they struggle with most. We are hugely grateful to a legacy from Geoffrey Stanley Walker that has gone a long way to help us purchase a n&w building in Durham Street Spennymoor. We plan to move into this by early October and this will really help us reduce our costs in the long temi. We have just commenced 8 new and exciting project funded by the gas networks vla Carers Trust. Thls wlll enable us to offer enhanced specialist support across the whole area to target financial and fuel povety needs. The Carer fuel pov8ty alleviation project is a national initiative and we will be working with 23 other areas to deliver this over the next 18 months. We will be ensuring that Carers have various ac￿ssible way6 to shape the service through 8urveys, feedback opportunities and informal roLrtas. By listening to their feedback we will develop our 8ervlces using th[8 lived experience. Finally, we ar8 continuing to look at our digital offer 8nd reach and hope to launch our vlrtual Carer Centre In18te 2024. This wlll enable acce8S to our resources, training and service to Carers vtho sign up to it. 24 hours a day. Structur•, govornance and management Govornlng docum•nt Durham County Carer Support (DCCS) is a charity and a company limlted by guarantee. Sedgefield Locality Carer Centre was renamed Durham County Carers Support on 1st July 2012 and the other four fomier Carer Centres merged Into it on this date. The company was established under a Memorandum of Association, which establishes the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up memb8rs are required to contribute an amount of £1 on the winding up of the organisatii>n. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements wera: Mrs J Potts Mrs A Vasey Mrs M Usher Mrs M Nonnanton Mrs V A Bumip Mr C J Ranson Mr l Briggs Mr O Oluwatuyi Mrs K E Vasey (Resigned 11 September 2023) (Appointed 30 January 2024) {Appointed 30 January 2024) DURHAM COUNTY CARERS SUPPORT TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Recrultment and appointment of new Dlrectors The Trustees of the charity are also Directors for the purposes of company law. Under the reqU1￿MentS of the Memorandum and Articles ofAssociation, at the annual general meeting one third of tha directors who are subject to reb'rement by rotation. or the number nearest to one third. shall retire, but if there is only one director who is subject to retire by rotation, helshe shall retire. If the vacancies are not ffilled, the retiring dlrectors, if willing, can be deemed to have been re-appointed. The Articles of Associatlon stste that the Company shall use all reasonable endeavours to ensure that not1888 than 25% of the directors from time to time shall be service users. Currently the majority of Directors a￿ Carers or former Carars living in County Durham thereby ensuring that the organisats'on is governed by representatives of those it seeks to serve. The Board of Directors has identified key skills required by Directors and has implemented a fair recruitrnent process involving provision of informats'on on the role and skills required and a formal application process for 811 interested parties. In an effort to maintain a broad skill mix, 8ach Director completes a curriculum vitae of experience, positions held and Skills, updated annually. Organlsatlonal structura The Board of Directors 18 •lected by the membershlp and can comprise up to 81xteen members and has responsibility for the strateglc directlon and policy of the company and ensuring it meets legal requirements. They have appointed stsff to urKlertake the day to day running of the organisation led by the Chief Executive delegated to manage the day-lfrday operations of the organisation. In addits'on to bi-monthly meetings of the Board of Directors, the Elected Officers of Executive Board of the Board af Directors meet regularly to ravlew polity, 8trategy, finance and human resource issues. The organisation has established 8 senior management team involving the Chief Executive and Senior Managers to oversee development and operations, review performance infonnatlon, make financlal decision5 Within the agreed annual budget and prepare reports and recommendations for the Board of Directors. Inductlon and tralnlng of Dlroctors All Dir8Ctors have an Induction and 811 Dlrectors are Issued with a Dlrectors Handbook which covers their legal obligatlons under charlty and company law, summarles of the Memorandum and Artlcles of Association, roles and ponsibilities, organisats'onal reportlng structures and staff structures, health & Safety policy procedures Information. Directors also have policy Inductions on Confidentlality, Equality & Dlversity, Health & Safety and Qualty. Rlsk Managemont The Board of Director8 and Management Team produce an updated risk register once a year. This follows a review of risks to which DCCS is exposed through assessing all areas of the organlsation's activities. These cover governance, management, environment, operations and finance. The risk register has a rating against each risk and identifies what contro18 are in process and any gaps. Leads are identffied and dates wh8n actions are to be completed are set. As a contract requirement we also have a business continuity plan to show how w8 would continue to operate in the face of disasters or a major br8akdown. In March 2021 we were succe68ful in securing Trusted Charity award which Included an external assessment of a wide range of areas, including the management of risk and Trustee and Senlor Management policies and procedures. Relatlonshlp to wldor networks Durham County Carers Support is a network member of Carers Trust. a National Charity supporting Carers and Carer Support Organisations. Vle have a Principles of Partnership ag￿ement which clearly sets out each sides. responsibilities. i*Ve are also affiliated to Carers UK who lead on policy and lobbying to make positive changes for Carers. DCCS is an active member of the Northern Hub of Carers Trust Carer Centres and meets regularfy regionally to Share intelligence and feedback to the national networks. DCCS works in partnership viith VCS organisations across County Durham through Advice in County Durham and Better Together forum. In Darfington we Chair the Darfington Carers Strategy which produces an action plan and works to deliver this. DURHAM COUNTY CARERS SUPPORT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Related Parties None of our Dlrectors receive remuneration or other benefft from their work wlth the charlty. Any connection beiween a Director or a Senior Manager of the charity with an organisation we contract with or for must be disclosed to the full Board of Directors. Statement of trustses. responslbllltles The trustees, who are also the directors of Durham County Carers Support for the purpose of compary law, are responsible for preparing the Trustees. ReF)Ort and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom G8n8rally Accepted Accounting Practice). Company Law requires the trustees to prepar8 financlal statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and appllcats'on of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial Statements, the trustees are required to: select sultable accounting policie8 and then apply them consistently. - obsenie the methods and prlnclples In the Charities SORP; - make judgements and estimates that a￿ reasonable and prudent., state whether applicable UK Accounting Standards have been followed, Subject to any material departures disclosed and explained in the financial statements; and prepare the financial 8tatements on the going concern b8818 unless It is inappropriate to presume that the charlty wlll continue in operation. The trustees 8re responsible for keeping adequate accountlng re￿rdS that disclose vthth reasonable accuracy at any time the financlal p051tion of the charity and enabla them to ensure that the financial statements comply with the Compani88 Act 2006. They are also responslble for safeguarding the assets of the charty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularltles. Audltor In accordance with the company's articlès, a resolution proposing that Allen Sykes Limited be reawinted as auditor of the company will be put at a General Meeting. Small company provlslons This report has been prepared in accordance wlth the provisions applicable to companies entitled to the small companies exemption. Dlsclosure of Informatlon to audltor Each of the trustees has confimied that there Is no inlomiation of which they are aware which is relevant to the audrt, but of which the auditor is unaware. They have further confimied that they have taken appropriate steps to idenb'fy such relevant infomation and to establish that the auditor is aware of such information. The trustees, report was approved by the Board of Trustees. Mrs J Potts Trustee Mr l Briggs Trustee DURHAM COUNTY CARERS SUPPORT INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DURHAM COUNTY CARERS SUPPORT Oplnlon Ilve havè audlted the financlal statements of Dutham County Carers Support (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities, the ststement of financial position, the statement of cash flows and notes to the financial statements. including significant accounting policies. The financial reporting framework that has been applied in their preparation 18 applicable law and United Kingdom Accounts'ng Standards, including Financial Reporting Stsndard 102 The Financial R8POrting Standard applicable in the UK and R8public ol Ireland (United Kingdom Generally Accepted Accounting Practlce). In our opinion, the financial statements.. give a true and fair view of the state of the charitable companvs affairs as at 31 March 2024 and of it8 incoming resources and application of reSoUr￿s, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Klngdom Generally Accepted Accounting Pr8Ctlce; and have been prepared in accordance with the requirements of the Companies Act 20C6. Basls lor oplnlon 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 Auditorfs responsibiliti8s for the audit ol the financial statements section of our report. We are indep8ndent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including th8 FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance wlth these requirements. We belleve that the audit evidence we have obtsined Is sufficlent and appropriate to provide a basis for our opinion. Concluslons rnlatlng to golng concern In auditing the financial stst8m8nt8, we have concluded that the tru8tees' use of the going concem basis of accounting in the preparation of the flnanclal statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or condltlons that, indlvldually or collectively, may cast significant doubt on the charity's ability to continue as a going concem for a period of at least ￿e1ve months from vthen the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees wlth respect to golng concern are descrlbed In the relevant sections of this report. Other Inforniatlon The other infomation comprises the information included in the annual report other than the fina￿la1 ststements and our auditorfs report thereon. The trustees are responslble for the other information contsined within the annual report. Our opinion on the financial ststements does not cover the other information and, except to the exient otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other infonnation and. in doing so, consider whether the other infonnation is materially inconsistent wlth the financial statements or our knowledge obtained in the course of the audit, or oth8rwise app8ar8 to b8 materially misstated. If we identify such material inconsistencies or apparent material misststements, we are requlred to detemiine vthether this gives rise to a material misstatement in the financial statements themselves. If. ba8ed on the work we have performed, we conclude that there is a material mlsstatement of this other inform8tion. we are ￿qUired to report that fact. Ive have nothing to report in this regard. Oplnlons on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the trustees, ￿pOrt for the financial year ft)r vthich the financial statement5 are prepared, which includes the directors, report prepared for the purposes of company law. is consistent with the financial statements., and the directors, report included withln the trustees, report has been prepared in accordance with applicable legal requirements. DURHAM COUNTY CARERS SUPPORT INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF DURHAM COUNTY CARERS SUPPORT Matters on which we are requlred 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 id8ntified material misstatements in the directors, report included within the trustees, report. INe have nothing to ￿port in respect of the following matters in relation to which the Companies Act 2006 requir88 us to report to you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not be8n received from branch8s not visited by us; or the financial statem8nts are not in agreement with the accounting records and retums., or Certain disclosures of trustees, r8muneration speclfied by law ar8 not made., or we have not received all the Information and explanations we require for our audit., or the trustees were not entitled to prepare the financial statements in accordance with the small companles regime and take advantage of the small companies. exemptions in preparing the trustees, report and from the requlrement to prepare a 6trateglc report. Rosponslbllltle8 of trustees As explained more fully in the statement of tru8t8e8' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparatlon of the financial statements and for being satisfied that they give a true and fair vlew, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether dua to fraud or error. In p￿ParIng the financial statemenls, the trustees are responsible for assessing the charity's ability to contlnue as a golng concern, dlsclosing, as applicable, matters related to going concern and using the golng concern basis of accounting unless the trustees either intend to liquidate the charilable company or to cease operations, or have no realistic alternative but to do so. Audltol$ responslbllltlos for the audll of tho flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material mlsstatement, whether due to fraud or error. and to ISSU8 an auditovs report that includes our opinion. Reasonable assurance 18 a high level of assurance but is not a guarantee that an audit conducted In accordance with ISAS (UK) wll always detect a material misstatement when It exists. Misstatements C8n ari88 from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to infiu8nce the economic decislons of users taken on the basls of these financial statements. Irregularits'es, including fraud, are instance8 of non-compliance with laws and regulatlons. We design procedures in line with our responsibilitles, outlined above, to detect material misstatements in respect of irregularlties, including fraud. The 6Xtent to which our procedures are Capable of detecting irregularitie8. including fraud is detailed below: DURHAM COUNTY CARERS SUPPORT INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF DURHAM COUNTY CARERS SUPPORT Our approach to identifying and assessing the risks of material misstatement in respect of irregularities. including fraud and non-compliance with laws and regulations, was as follows: the engagement partner ensured that the engagement team co118Ctively had the appropriate competen￿, capabilities and skills to identify or recognlse non-compliance with applicable laws and regulatrons. we identffied the laws and regulations applicable to the company through discussions wtth directors and other management, and from our commercial knowledge and experience of the sector; we focused on specific laws and regulations which we considered may have 8 direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, Charities Act 2011, taxation legislatlon, dats protection. anti-bribery, employment, environmental and health and safety legislation., we assessed the extent of compliance with the laws and regulations identifi8d above through making enquiries of management and inspecting legal cortsspondence; and identffied laws and regulations were communicated wlthin the audit team regularfy and the team remainad alert to instances of non* Chartered Accountsnts statutory Audltor 5 Henson Close South Church Enterprise Park Bishop Auckland Co Durham DL14 6WA DURHAM COUNTY CARERS SUPPORT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlctad Restrlcted funds funds 2024 2024 Total Unrestrkted Restricted funds funds 2023 2023 Total 2024 2023 Nots8 Income and ondovmients from: Donations and legacies Charitable activitie8 Other trading 8Ctivltles Investments Other income 871,034 1,900 10,358 8,305 8,642 871,034 788,894 10,358 8,305 8,642 758,713 110 557,715 756,823 557,715 27,700 3,012 6,266 786.994 27,700 3,012 6,266 Total Income 900,239 786,994 1,687,233 793,691 557,825 1,351,516 Expendlture on: Raising funds Charltable activlties 4,738 934,221 4,738 727,687 1,861,908 7,385 888,755 7,385 1,544,826 10 858,071 Total expondlture 938,959 727,687 1,666,648 896,140 656,071 1,552,211 Net IncOm￿(8Xpend￿tUre (38.720) 59,307 20,587 (102,449) (98,246) (200,6951 Transfers between fundg 17 93,115 (93,115) 71,422 (71,422) Net movement In funds 12 54,395 (33,808) 20,587 {31,027) (169,668) {200,695) Roconclllatlon of fund8: Fund balances at 1 April 2023 550,813 89,714 640,527 581,840 259,382 841,222 Fund balances at 31 March 2024 805,208 55,906 661,114 550,813 89.714 640,527 The statement of financial activities includes all gains and lo$se8 recognised in the year. All income and expendlture derive from continuing aclivities. 10- DURHAM COUNTY CARERS SUPPORT STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 2024 2023 as restated Notes Flxed assets Tangible assets 18 913 Current assets stocks Debtors Investments Cash at bank and in hand 19 20 21 400 40,518 173,515 884,219 400 213,832 172,126 498,515 898,652 884,873 Credltors: amounts falllng due wlthln one year 22 (237,538) (245,259) Net current assots 661,114 639,614 Total assets l•ss current Ilabllltlas 661,114 640,527 N•t as80ts oxcludlng pon8lon Ilablllty 661,114 640,527 Thfr fund8 of th• ¢harlty Restrlcted income fund8 Unrestricted funds 26 55,906 805.208 89,714 550,813 661,114 840,527 The financial statements w8r8 approved by the trustees on .... Mrs J Potts Trustse MrlBri Trusteè Company registration number 03534933 (England and Wales) 11 DURHAM COUNTY CARERS SUPPORT STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes as restated Cash flows from operatlng actlvlti Cash generated froml{absorbed by) operations 31 178,788 (212.204) Investlng actlvltles Investment income received 8,305 3,012 Net cash generated from Investlng actSvltles 8.305 3,012 Net ca8h used In flnanclng a¢tlvltle8 Net Increa8el(decr•ase) In cash and cash •qulvalents 187,093 (209,192) Cash and cash equivalents at beglnning of year 670,641 879,833 Cash and cash oqulvalents at end ol ye•r 857,734 870,641 Relatlng to: Cash at bank and In hand Short term deposlts included in current asset Inveslments 684.219 498,515 173,515 172,126 12- DURHAM COUNTY CARERS SUPPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Charlty Inforniatlon Durham County Carers Support is a private company limited by guarantee incorporated in England and Wales. The registered office is Enterprise House, Enterprise City, Me8dowfield Avenue, Spennymoor, County Durham, DL16 6JF. 1.1 Accountlng convenllon The financial statements have been prepared in accordance with the Companies Act 2006, FRS 102 °T￿ Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102°) and th8 Chariti88 SORP "Accounting and Reporting by Charitie8: Statement of Recommended Pract1￿ appllcable to charltles preparing their accounts in accord8nce with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity 18 a Public Benefit Entity a8 defined by FRS 102. The financial ststements are prepared in sterling, whlch Is the functional currency of the charity. Monetary amounts in these financial 8tatement8 are rounded to the nearest £. The flnanclal statements have been prepared under the historlcal cost conventlon. The prlncipal accountlng policies adopted are set out below. 1.2 Golng concern Al the time of approving the financial 8tstements. the trustee8 have a reasonable expectatlon that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the tnBtees continue to adopt the going concern basts of accounting in preparing the financial statements. 1.3 Charltabl• funds Unrestricted lunds are available for u8e at the discretion of the trustees in furtherance of their charitable objectlves. Restrlcted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and u8e8 of the restricted fund8 are set out in the notes to the financlal statements. Endowment funds are subject to specific conditions by donor8 that the capital must be maintalned by the charlty. 1.4 Income Income is recognised when the charity is legally entit18d to It after any perfom)ance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donation8 are recognised on receipt. Other donations 8re recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or 0th8rwi8e if the charity has been notified of an impending distribution, the amount is kno1￿. and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 13- DURHAM COUNTY CARERS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcie$ (Continued) 1.6 Expendlture ExperKliiure is recognised once there is a legal or Gonstructive obligation to transfer economic benefft to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligatk)n can be measured reliably. Expenditure is classified by activty. The costs of each activity are made up of the totsl of dIr￿t C08ts and shared costs, including support costs imiolved in undertaking each activity. Direct costs attributable to a slngle activity are allocated directly to that 8Ctivty. Shared costs which contribute to more than one aclivity and 8UPPOrt costs which are not attributable to a single activity are apports'oned be￿en those activitÈs on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tanglble flxed assat8 Tanglble fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciatlon and any impairment losses. Depreciation is recognised so as to vrtrte off the cost or valuation of assets less thelr resldual values over their Useful lives on the following bases: Fixtures, Fittings & Equipment 15% Straight line The gain or1088 arising on the disposal of an as8et is determined as the difference between the sale proceeds and the c8rying value of the assat, and is recognised in th6 statement of financial activilies. 1.7 Impalrnient of flxod assets At each reporting end date, the charlty reviews the carrying amounts of its t8ngible a888ts to detarmine whether the￿ is any indication that those assets have suffered an impaimient loss. If any such indicati exlsts, the recover8ble amount of the asset is estimated in order to detemilne the extent of the impairment 1088 (if any). 1.8 stocks stocks are Ststed at the lower of cost and estimated 8elllng price les6 Costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its pr88ent location and condltlon. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, Selling and distribution. 1.9 Flnanelal Instruments The charty ha5 elected to apply the provisions of Sectlon 11 'Basic Financial Instruments. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of Its financial instwments. Baslc financlal assets Basic financial assets, whlch include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the pres8nt value of the future receipts dlscounted at a market rat8 of interest. Financial assets classified as receivable within one year are not amortised. 14- DURHAM COUNTY CARERS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles (Contlnued B8slc flnanelal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised at transactlon price unless the arrangement constitutes a financing transactlon. ￿ffiere the debt instrument is measured 8t the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable thin one year are not 8mortised. Trade creditors are obligations to pay for goods or Services that have been acquired in the ordinary cour88 of operations from suppllers. Amounts payable are classified as current liabilities if payment is due within one year or le88. If not, they are presented as non