Charity registration number 1069331 (England and Wales) Company registration number 03472501 CARERS TRUST MID YORKSHIRE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CARERS TRUST MID YORKSHIRE LEGALAND ADMINISTRATIVE INFORMATION Trustees T Carter R Livermore O Staicu (Treasurer) S Edwards (Chair) P Lyster (Appointed 12 August 2024) Senior management T Plallen J Murray E Hartley and V Slratford Chief Executive Officer Finance Manager Registered Managers Charity number 1069331 Company number 03472501 Registered offlce Unit 9 Shaw Park Silver Slreet Moldgreen Huddersfield West Yorkshire HD5 9AF Audltor BK Plus Audil Limited 52 St Johns Lane Halifax West Yorkshire England HX128W Bankers Royal Bank of Scotland 27 Market Place Huddersfi'eld Wesl Yorkshire HD12AD
CARERS TRUST MID YORKSHIRE CONTENTS Page Trustees, report statement of trustees, responsibilities Independent auditor's report 7-10 Slalement of financial activities 11 Balance sheet 12 statement of cash flows Notes lo the financial statements 14-25
CARERS TRUST MID YORKSHIRE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees who are also Directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity lor the year ended 31st March 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Pradice applicable to charities preparing their accounts in accordance with the Financi35 Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). Vislon To listen and respond to the needs of unpaid carers, providing meaningful support, improve the quality of their lives and enable them to access the support they need. Mission Our mission is to provide th8 highesl quality services lo unpaid careis in Kirklees, Calderdale, Leeds and Wakefield no matter their needs, background. culture or preferences. Publlc benefit We have referred to Ihe guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the Trustees Consider how planned aclivilies will contribute lo the aims and objectives they have set. Achlevements and performance Charltabl8 actlvlties Al the beginning af Ihe 2024125 financlal year, the organisatlon was continuing lo face challenges in respect of the recruitment of a Finance Manager (appoinled 28 May 20241. However, the new Board together with the interim CEO were beginning to apply their skillset in steering the charity lo identify efficiencies. Towards the end of 2024, an office reslruclure resulted in cost savings and a new sub51anlive CEO was appointed. The Board also undetwenl some changes in roles. with the Treasurer stepping up to be Chair of the Board. 91,805 hours of care support have been provided lo caiers and their families throughout Kirklees, Wakefield, Leeds and Calderdale during the financial year from April 2024 to March 2025. In-depth analysis of these contracts has been undertaken resulting in some smaller elements nol being renewed into the new financial yeai. The largest contract (Kirkleesl has been renewed after a Series of detailed negotiations with the Commissionerlcarers Slrategy Manager headed up by the newly appointed CEO, Ty Plallen. At the end of the year, CTMY had 455 clients from children lo adults. Our services to our clients Include 1-1 sessions, group work for the eldeily, an emergency seNice, support calls, weekend children's activity clubs and a children's holiday club, with over 100 children having benefilted from the clubs. As at 31st March 2025, 100 employees were active in Ihe delivery of our services. Providing the highest quality of care services is importanl to the organisalion. To support the teams in this, CTMY have Continued their training lo support team members in the delivery of professional, safe and high quality services wilh 96 % compliance. We have placed grealer emphasis on value and culture within the organisalion in the laller part of the ye8r, enabling us to build on the hours of care with a lower number of employees. We have continued to audit our practices across care and HR, and have a number of improvement projects ongoing. CTMY has continued lo work closely with commissioners and inspection bodies including Kirklees, Wakefield, Leeds and Calderdale local authorities, the local Clinical Commissioning Groups, the Wesl Yorkshire Inlegraled Care Board, the Care Quality Commission {CQC}, the Office for Standards in Education, Children's Services & Skills (OFSTED), the International Organisation for Standardisalion. and the Contractors Health & Safety Assessment Scheme.
CARERS TRUST MID YORKSHIRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnancial overview Financial position duTing the year show that the net increase in funds was £50,431, taking tolal funds al the end of the year lo £794,023 (an increase of 6.8'/0 on the previous financial year). There was an in-year loss on investments of £20,117. The principal sources of funding continue to be Ihe contracts with local aulhorities in Kirklees, Leeds, Wakefield and Calderdale areas foT the delivery ol carer respite services. The support of the local authoritie5 remains strong and CTMY are in an excellent position to continue delivery of its care support and services for a number of years. The Trustees consider CTMY to be well positioned to continue delivering services under local authority conlracts, having established a reputation for reliability and qualily. Nevertheless, other avenues and opportunities continue lo be explored in order lo lessen the impact should any of these contracts be reduced in scope or value in the future, including a focus on a Google marketing campaign to increase the organisalion's profile for private work in the Huddersfield & Kirklees area. Within this financial year, work has continued to add$$ the historic bad debt position which has reduced drastically during the year. There is now a robust process in place and the debtors level is now considered lo be under control. FINANCIAL REVIEW Investment policy and objectlves CTMY seeks to invest surp5us funds in fixed interest, equity and property funds designed for charities and managed by professional fund managers, including CCLA Fund Managers Limited. CTMY looks to achieve the best returns available from its investments whilst also seeking to maintain a spread of investment types with the intention of reduclng the level of exposure lo markel risks. The Trustees have previously assessed the major risks lo which the charity Is exposed and are satisfied that systems are in place to mitigate exposure lo the major risks. There is a review of investments scheduled to take place in the 2026127 financial year lo ensure that thi5 level of oversight continues. Following the losses reported in the Iwo prevlous financial yeafs, the surplus achieved at the end of this current financial year is welcome and provides a good foundation for growth in future years. Reservg policy 11 is the policy of CTMY Ihal unrestriGted funds which have not been designated for a specific use should be maintained al 8 level equivalent to between three and six months, of lotal unrestricted expenditure. The tiuslees onsider Ihat reserves al this level will ensure thal, in the evenl of a significant drop in funding, the Charity's current activities will be able ta continue while consideration is given to ways in which additional funds may be raised. Al the year end, general unrestrtcled funds were £619,538 {2024- £569,107). The required level of reserves is belween £551,368 £1.1 m, based on expendilure levels for 2024125. Ihe current level of unrestricted reserves is therefore within the desired range.
CARERS TRUST MID YORKSHIRE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 structure, governance and management Governlng document The charity is controlled by its governing documenl. a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The charity is a company limited by guaranlee and is governed by ils Memorandum and Articles of Association. Locally, Crossroads Care began in 1983. The organisalion became a company limited by guarantee in April 1998 and was known as Huddersfield Crossroads - Caring for Carers. On 4 August 2009 ils name changed to Crossroads Care in Mid Yorkshire. On 27 February 2014 its name changed to Carers Trust Mid Yorkshire New Articles of Association since were duly adopted in 2018, and since on 13th May. 2021. The organisalion works across Kirklees, Wakefield, Calderdale and North Leeds. The organi5alion has contracts with Kirklees, Leeds and Wakefield Councils, and is on Ihe framework with Calderdale, although this provides minimal work. Services are also provided to carers through the receipt of nominal donations lo the organisalion. Individual care packages can be provided for those who choose lo purchase care. Recruitment and appointment of new Trustees When a vacancy arises, candidales are sought via word of moulh and advertisements. Candidates are Ihen nteNiewed for their suitability. All trustees, when recruited, undertake a planned induction process, which includes allendance al a Board meeting to observe and agreemenl to a sel code of conduct In their respon5ibililies. Recruilmenl and appointment is underpinned by a skills and experience mapping to ensure the Board of Trustees is diverse in its rnembership and representative of Ihe carers it supports in Mid Yorkshire While recruitment for new Iiuslees and a Treasurer has historically proved to be challenging. the current board an excellent care, finance, operalional and 5lralegic skill sel. Organlsatlonal structure The charily's organisational struclure consists of the Board of TTUStees which, together with the Chief Executive Officer, form the Management Commillee. This is responsible for setting policy, PTovidlng strategic direction and the governance of CTMY. Day to day operational management is delegated to the Chief Execulive Officer and the senlor management team consisting of: Chlef Executive Officer- T Platlen Finance Manager- J Murray Registered Managers- E Hartley and V Stratford HR Manager- To be appointed
CARERS TRUST MID YORKSHIRE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Trustees liabllity None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03472501 (England and Wales) Registered Charity number 1069331 Registered office Unil 9 Shaw Park Silver Slreet Moldgieen Huddersfield West Yorkshire HD5 9AF Trustees S Edwards (Chairl P Lyster (Vice Chair) O Staicu {Treasurer) T Carter R Livermore C Lythgoe (Resigned 15th September 2025) A J A Hill (Resigned 30th November 2024) G Roth (Resigned 23rd July 20241 W Ellis {Resigned 81h April 20241 Auditors BK Plus Audit Llmited SlatuloryAudilor Chartered Accountants 52 St Johns Lane Halifax West Yorkshire HX12BW Bankers Royal Bank of Scotland 27 Market Place Huddersfield West Yorkshire HD12AD Key management Chief Executive Officer- T Platlen FSnance Manager- J Murray Registered Managers- E Hartley and V Stratford
CARERS TRUST MID YORKSHIRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Acknowledgements Our dedicaled employees who go above and beyond. ThosB who glve lo us via GiftAld and make donallons'ln MemorFam.' Those Indivlduals, loo numerous lo menllon, who gonerously make donallon5 to us. Dlsclosure of Informallon to audltor Each of thè Iruslees has confirmed Ihal there Is no Inlormalion of whlch they are aware which Is relevahi to the audit, bul of whlch lh8 audilor is unaware. They have further confirmed that they have taken appropilale steps lo Identify such relevant Informallon and lo eslabllsh Ihal the audllor is aware of such Inforfflalion. Audltors BK Plus Audlt Llmlled were appointed as audilor to the company and a resolution proposlng that they be r8- appolnted will be put al a General Meeling. The tr lees, raport was approved by the Board of Trusl&es. S kdwaTds (Chalr) Trustee Date",
CARERS TRUST MID YORKSHIRE STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees (who are also the directors of Carers Trust Mid Yorkshire for the purposes of company law> are responsible for preparing the Report of the Trustees and Ihe financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and applicalion of resources, including the income and expenditure, of the charilable company for that period. In preparing those financial stalemenls, the Iruslees are required lo select suitable accounting policies and then apply Ihem ¢onsistently', observe the melhods and principles in the Charity SORP-, make judgements and estimates that are reasonable and prudent., prepare the financial slalements on the going concern basis unless it is inappropriate lo presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and lo enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding Ihe assets of the chafilable company and hence for taking reasonable steps for the prevenllon and detection of fraud and other irregularities. In so far as the Iruslees are aware: there is no relevant audit information of which the charitable company's auditors are unaware., and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audil informalion and to establish that the audilors are aware of that information.
CARERS TRUST MID YORKSHIRE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CARERS TRUST MID YORKSHIRE Opinion We have audited the financial slalemenls of Carers Trust Mid Yorkshlre (the 'Charity'} for the year ended 31 March 2025 which comprise the statemenl of financial activities. the balance sheet, the statement of cash flows and noles to the flnancial stalernenls, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standard5, including Financial Reporting Slandard 102 The Financial Reporting Standard applicab16* in the UK and Republic of Ireland (United Kingdom Generally AcceptedAccounting Practice). In our opinion, the financial statements: give a true and fair view of the slate of the charitable company's affairs as al 31 March 2025 and of ils incoming resources and application of resources. including ils income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi., and hav8 been prepared In accordance wilh the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) {ISA5 (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilitips for the audit ol Ihe financial statements section of our report. We are independent of the ChaTily in accordance with the elhlcal requiremenls that are relevant to our audit of the financial stalements in the UK, including the FRC'S Ethical standard, and we hav8 fulfilled our other ethical responsibilities in accordance with Ihese requirements. We believe that Ihe audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditing the financial slalemenls, we have concluded that the trustees, use of the going concem basis of accounting In the preparation of the financial slatements is appropriate. Based on the work we have performed, we have not idenlified any material uncertaintles relating to events or condilions Ihat, individually oi collectively, may cast significant doubt on the Charity's ability to continue as a going concern for a period of al least twelve months from when the financial slalements are aulhorised for issue. Our responsibilities and the responsibilities of the Irustees with respect to going concern are described in the relevant sections of this report. other Informatio The other informatlon comprises the information included in the annual report other Ihan the financial statements 8nd our auditor's report Ihereon. The Iruslees are responsible for the other informalion contained within the annual report. Our opinion on the financial statements does not cover Ihe other information and, except lo the extent othetwise explicitly slated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsi51enl with the financial statements or our knowledge obtained in the course of the audit, or olheTwise appears to be materially misslaled. If we identify such malerial inconsistencies or apparent material mi5slatemenls, we are required to determine whether this gives rise to a material misstatemenl in the financial statements themselves. If, based on the work we have performed, we conclude thal Ihere is a material misstatement of this other inforrnalion, we are required to report that facl. We have nothing to report in Ihis regard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the informalion given in the trustees, report for the fin8ncial year for which the financial statements are prepared, which includes the directors, report prepared for the purposes of company law, is consistent with the financial slatemenls., and the direclors, report included within the trustees. report has been prepared in accordance wilh applicable legal requirements.
CARERS TRUST MID YORKSHIRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CARERS TRUST MID YORKSHIRE Matters on whlch we are requlred to report by exceptlon In the light of the knowledge and understanding of the Charity and its environment oblained in the course of the audit, we have not identified material misstatements in the directors, report included wilhin the trustees, report. We have nothing to report in iespect of the following malters in relation to which the Companies Act 2006 requires us to report to you if, In our opinion.. adequate accounting records have not been kept, or returns adequate for our audil have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and returns- or certain disclosures of trustees, remuneration specified by law are not made,. or we have nol received all the information and explanations we require for our audit, or the trustees were not entitled to prepare Ihe financial statements in accordance wilh the small companies regime and lake advantage of the small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Responsibllltles of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the Charily for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intern81 control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whelher due lo fraud or error. In preparing the financial slalemenls, Ihe trustees are responsible for assessing the Charity'5 ability lo continue as a going concern. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic allernalive but to do so. Auditor's responsibllltles for the audlt of the flnanclal statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstalement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is nol a guafantee that an audit conducted in accordance with ISAS {UK) will always detect a material misstalemenl when it exisls. Misstatements can arise from fraud or error and are considered material if, individually or in Ihe aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis ol these financial slatemenls. The extent lo which our procedures are capable of detecting irregularities. including fraud, is detailed below. A further description of our re5ponsibililies is available on the Financial Reporting Council's website at.. hltps'.11 www.frc.org.uklauditorsresponsibililies. This description forms part of our auditor's report.
CARERS TRUST MID YORKSHIRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CARERS TRUST MID YORKSHIRE Other matters Our approach to identifying and assessing the risks of material misstatemenl in respect of irregularities. including fraud and non-compliance with laws and regulations, was as follows- The engagemenl partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations., We identified the laws and regulations applicable to the company through discussions with direclors and other management, and from our commercial knowledge and experience of the industry sector,. We focused on specific laws and regulations which we considered may have a direct material effeci on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation., We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecling legal correspondence., and Ensured laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance Ihroughoul the audit. We assessed the susceplibilily of the company's financial slalements to material misstatement, indLtding obtaining an understanding of how fraud might occur, by.. Making enquiries of management as lo where they consldered there was a susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; Considering Ihe internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations., and Understanding the design of the company's remunerats'on policies. To address the risk of fraud through management bias and override of controls, we., Performed analytical procedures to identify any unusual or unexpected relationships; Tested journal entries lo identity unusual Iransaclions Assessed whether judgements and assumptions made in delermining the accounting estimates sel out in note 2 were indicative of potential bias., and Investigated the rationale behind significant or unusual Ifansactions. In response to the risks of irregularitie5 and non-compliance with laws and regulations, we designed procedures which included, but were not limited to= Agreeing financial stalemenl disclosures to underlying supporting documenlation: Reading the minutes of meetings of those charged with governance-, Enquiring of management as to actual and potential litigation and claims; and Reviewing correspondence wilh HMRC, relevant regulators and the company's legal advisors. There are inherenl limitations in our audit procedures described above. The more removed that laws and Tegulations are from the financial transactions, the less likely it is that we would become aware of non.compliance. Auditing standards also limil the audit procedures required to identify non-compliance with law5 and regulations lo enquiry of the directors and olher managemenl and the inspection of regulalory and legal correspondence, if any. Material misstalements that arise due to fraud Gan be harder to detect than those that arise from error a5 they may involve delibeiate concealment or collusion.
CARERS TRUST MID YORKSHIRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CARERS TRUST MID YORKSHIRE Use of our report This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undetlaken so that we might slate to the charitae company's members those matters we are required lo stale to them in an auditor's report and for no other purpose. To the fullest exienl permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Vlclorla Atklnson FCA {Senior Statutory Auditor) For and on behalf of BK Plus Audit Limited. SlatutoryAuditor Chartered Certified 52 Sl Johns Lane Halifax Wesl Yorkshire HX128W Englan Dale.. É IL Plys Li m ) Fe.cJ 10-
CARERS TRUST MID YORKSHIRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unre5trlcted funds 2025 Unrestricted funds 2024 Notes Income from: Donations and legacies Charitable activities Other trading activities Investments 11,602 2,220,862 888 22,558 73,210 1,989,893 6,682 22,411 Total income 2,255,908 2,092,196 Expendltura on: Charitable activities 2,185.380 2,266,125 Total expendlture 2,185,360 2,266,125 Nel gainsl(105sesl on investments 12 120.1171 35,981 Net Incomel{exp8nditurel and movement In funds 50,431 (137,948) Reconclllation of funds: Fund balances at 1 April 2024 743,592 881,540 Fund balances at 31 March 2025 794,023 743,592 The slalemenl of financial activities includes a119ains and losses recognised in the year. All income 8nd expenditure derive fiom continuing activities. 11
CARERS TRUST MID YORKSHIRE BALANCE SHEET ASAT 31 MARCH 2025 2025 2024 Notes Fixed assets Tanglble assets Inveslmenls 14 15 41,506 578,562 11,281 598,679 590,068 609,960 Current a58els Debtors Cash al bank and In hand 16 124,840 265,096 308,340 183,800 3B9,936 492,140 Creditors: amounts falllng due wllhln one year 17, (185.981) (368,508) Net current as5et5 203,955 133,632 Total assets less current Ilabilltl85 794,023 743,592 The funds of the Charlty Unr851rSoted funds 20 794,023 743,592 794,023 743,592 The fi Sal sta18ments were opproved by Ihe INslees on .. ards (Chalr) Trustee Gompany reglstrallon number 03472501 {England and Wales) 12-
CARERS TRUST MID YORKSHIRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatlng activities Cash generated froml(absorbed by) operations 23 64.398 {284,5151 Investing actlvities Purchase of tangible fixed assels Investment income received (5.6581 22,556 (7,541) 22.411 Net cash generated from investing activitles 16,898 14,870 Net cash generated from financlng activltles Net Increasel{decreasel In cash and cash equivalents 81,296 1269,845) Cash and cash equivalents at beginning ofyear 183,800 453,445 Cash and cash equlvalents at end of year 265,096 183,800 13-
CARERS TRUST MID YORKSHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies Charity Informatlon Carers Trust Mid Yorkshire15 a private cornpany limiled by guaianlee incorporated in England and Vvales. The registered office is Unit 9 Shaw Park, Silver Street, Moldgreen, Huddersfield, West Yorkshire. HD5 9AF. 1.1 Accountlng convention The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ol Ireland" and the Charities SORP "Accounting and Reporting by Charities-. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) The Charity is a PubliG Benefit Enlily as defined by FRS 102. The financial slalemenls are prepared in steiling. which is the funclional currency of the Charity. Monelary amoun15 in these financial statements are rounded lo the neare51 £. The financial statements have been prepared under the historical cost convention, Imodified to include the revaluation of freehold properties and lo include investment properties and certain financial instruments at fair valuel. The principal aGGounting policies adopted are set out below. 1.2 Going concern At the lime of approving the financial slalemenls, the trustees have a reasonable expectation that Ihe ChaTiIy has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial slalements. 1.3 Charltable funds Unrestricted funds are available for use at the discretlon of the trustees in furtherance of their chaTltable objectives. Reslricled funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricled funds are set out in the notes to the financial statements. Endowment funds are subject lo specific conditions by donors that the capilal musl be fflaintained by the Charity. 1.4 Income Income is recognised when the Charity is legally entitled lo il after any performance conditions have been met, the amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Olher donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on receipt or olhemise if the Charily has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 14-
CARERS TRUST MID YORKSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accou ntlng policies Icontlnued) 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party, il is probable that a transfer of economic benefits will be required in selllement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The Gosts of each activity are made up of Ihe tolal of dIrt costs and shared costs, including support costs involved in undertaking each activity. Direct Costs atlribulable to a single activity are allocated directly lo that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central slaff costs are allocated on the basis of time spenl, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairmenl losses. Depreciation is recognised so as lo write off the Cost or valuation of assets less their residual values over their useful lives on the following bases.. Leasehold improvements Plant and equipment Fixtures and fillings Over the remaining life of the lease 250kn on cost 20¥0 on cost The charity has a capilalisation policy of capilalisng asset purchased costing in excess of £500 1.7 Flxed asset Investments Fixed asset investments are initially measured at transaclion price excluding transacllon costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomel(expenditurel for the year. Transaction costs are expensed as incurr&d. 1.8 Impalrment of flxed assets At each reporting end dale, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaiiment loss. If any such indication exists, the recoverable amount of the asset is estimated in order lo determine Ihe extent of the impairment loss {if any). 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al c811 with banks, other short-term liquid investmen15 with original maturities of three months or less, and bank overdrarts. Bank overdrafts are shown within borrowings in current liabilitie5. 1.10 Financial instruments The Charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Instrumen15 Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charily's balance sheet when the Charity becomes party to the contractual provisions of the instrumenl. Financial assets and liabilities are offset, wilh the net amounts presented in the financial stalemenls, when there is a legally enforceable right lo set off the recognised amounts and there is an intenlion to settle on a net basis or lo realise the asset and setlle the liabilily simultaneously. 15-
CARERS TRUST MID YORKSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcies {Continued) Basic financlal assets Basic financial assets, which include deblors and cash and bank balances, are initially measured at Iransaclion price including transaction cosls and are subsequently carried at amortised cost using the effective interest method unless the arrangernent conslilutes a financing transaction, where the transaction is measured al the present value of the fulure receipts discounled at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constilules a financing transaction, where Ihe debt instrument is measured al the present value of the future payments discounted al a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rale method. Trade creditors are obligations lo pay for goods or services that have been acquired In the ordlnary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one y8ar or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltion of flnancial liabilitles Financial Ilabililies are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.11 Employee beneflts The cost of any unused holiday entillemenl is recognised in the period in which the employee's services 8re received. Termination benefits are recognised immediately as an expense when the Charity 15 demonstrably commilled lo terminate the employment of an employee or to provide lerminalion benefits. 1.12 Retlrement beneflts Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. Critlcal accountlng estlmates and judgements In the application of the Charity's accounting policies, the trustees are required lo make judgements, estimates and assumptions abotjl the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from Ihese eslimales. The estimates and underlyirsg assumplions are reviewed on an ongoing basis. Revisions lo accounting estimates are recogni5ed in the period in which the estimate is revised wheie the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 16-
CARERS TRUST MID YORKSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacies Unrestricted funds 2025 Unrestricted funds 2024 Donations and gifts Grants 6,562 5,040 8,454 64,756 11,602 73,210 Donations and gifts Donations Other 4,437 2,125 3,279 5,175 6,562 8,454 Grants Making Carers Count 5,040 64,756 5,040 64,756 Income from charitable actlvltles Unrestrlcted funds 2025 Unrestrlcted funds 2024 Provision of care servlces Income from provlsion of services 2,220,862 1,989,893 Income from other trading actlvltles Unrestricted Unrestricted funds funds 2025 2024 Fundraising events 888 6,682 17-
CARERS TRUST MID YORKSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from investments Unrestrlcted Unrestrlcted funds funds 2025 2024 Investment income Interest receivable 19,990 2.566 19,601 2,810 22,556 22,411 Expendlture on charltable activlties Provlsion of ProvSslon of care care services seTvlces 2025 2024 Direct costs Staff costs Depreciation and impairment Insurance Light and heat Telephone Postage ancl slalionary Sundries and bank charges Rent and room hire Repair5 and maintenance Cleaning Computer repairs and maintenance Advertising incl. staff recruitment TTalning Motor and travel expenses Bad debts Legal and professional Management development Accounlancy Fees - BNA 1,857,113 5,435 11,346 14,679 24,507 5,612 14,818 41,950 5,202 3,600 50,115 22,737 8,968 80,372 1,857,439 11,416 15,817 15,811 21,244 6,643 22,821 41,520 8,471 3,753 54,051 24,171 17,542 60,298 21,176 27,936 781 29,969 7,755 5,008 2,159,217 2,240.859 Share of support and governance costs (see note 8) Support 26,143 25,266 2,185,360 2,266,125 Analysis by fund Unrestricted funds 2,185,360 2,266,125 18-
CARERS TRUST MID YORKSHIRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activities 2025 2024 Auditors, remuneration National care Standard Registration Association of Carers Trust Fee 8,176 8,819 9,148 7,700 8,747 8,819 26,143 25,266 Analysed between: Provision of care setvices 26,143 25,266 Net movement In funds 2025 2024 The net movement in funds is staled after chargingl(crediling)- Fees payable for the audit of the charily's financial statemenls Depreciation of own8d tangible fixed assets 5,435 11,418 10 Trustees The previous Chalr of the trustees, A J A Hill was paid £37.323 for services as Interim CEO and these amounts are included in wages and salaries for the ended 31st March 2025 and £14.093 for the year ended 31st March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31st March 2025 nor for the year ended 315t March 2024, 11 Employees The average monthly number of employees during the year was-. 2025 Number 2024 Number Care Services Management and Administration Emergency Services 101 16 117 21 Total 120 142 19-
CARERS TRUST MID YORKSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees Icontln ued} Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 1.722,481 108,602 26,050 1,733,460 100,113 23,866 1,857,113 1,857,439 There were no employees whose annual remuneration was more than £60,000. Remuneratlon of key management personnel The remuneration of key managemenl personnel was as follows.. 2025 2024 Aggregale compensation 246,794 221,905 They are now identified as Chief Executive, Interim Chief Executive, Registered Manager, Development & Care Manager, HR & Training Manager and Finance Manager; the latter being undertaken as a job share until a subslanlive replacement was recruited in May 2024. 12 Galns and losses on Investments Unrestricted Unrestrlcted funds funds 2025 2024 Gainsl(Iosse5) arising on: Revaluation of investments (20,1171 35,981 13 Taxatlon The charily is exempt from taxation on its aclivilies because all ils income is applied for charilable purposes. 20-
CARERS TRUST MID YORKSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Tangible fixed assets Leasehold Improvèments Plant and Fixtures and equlpment fittings Total Cost At 1 April 2024 Additions 42,911 2.400 32,806 10,776 3,258 86,493 5,658 At 31 March 2025 45,311 32,806 14,034 92,151 Depreclatlon and Impalrment At 1 April 2024 Depreciation charged in th8 year 36,587 1,941 29,643 2.460 8,980 1,034 75,210 5,435 Al 31 March 2025 38,528 32,103 10,014 60,845 Carrylng amount At 31 March 2025 6.783 703 4,020 11,506 Al 31 March 2024 6.324 3,162 1,795 11,281 IS Fixed asset Investments Llsted Investments Cost or valuation At 1 April 2024 Valuation Changes 598,679 (20,117) At 31 March 2025 578,562 Carrylng amount Al 31 March 2025 578,562 At 31 March 2024 598,679 21
CARERS TRUST MID YORKSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Is Flxed asset Investments Icontinued) 2025 2024 Investments al fair value comprise.. Valuation in 2021 Valuation in 2022 Valuation in 2023 Valualion in 2024 Valuation in 2025 Cost 46,747 47,356 (45,426) 35,981 (20,1171 514,021 {46,747) 147,356) (45,426) 35,981 514,021 578,562 598,679 16 Debtors 2025 2024 Amounts falllng due withln one year: Trade debtors Other debtors Prepayments and accrued income 87,300 9,008 28,532 285,896 4,506 17,938 124,840 308,340 17 Credltors: amounts falllng due wlthln one year 2025 2024 Notes Other taxation and social securily Deferred income Trade creditors Other creditors Accruals 17,674 36,000 19,566 101,529 11,212 18,735 184,109 26,842 121,122 7,700 18 185,981 358,508 18 Deferred Income 2025 2024 Other deferred income 36,000 184,109 Deferred income is included in the financial statements as follows= -22_
CARERS TRUST MID YORKSHIRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Deferred income (Continued) 2025 2024 Deferred income is included within: Current liabilities 36,000 184,109 Movements in the year-. Deferred income at 1 April 2024 Released from previous periods Resources deferred in the year 184,109 (148,109) 171,771 12,338 Deferred income al 31 March 2025 36,000 184,109 19 Retlrement b8neflt schemes 2025 2024 Oeflned contrlbution schemes Charge lo profil or loss in respect of defined contribution schemes 26,050 23,866 The Charity operates a defined contribution penslon scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charily in an independently administered fund. 20 Unrestflcted funds The unrestricted funds of the ¢harily comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how Ihey may be used. These include designated funds which have been set aside out of unreslricled funds by the trustees for specific purposes. Galns and At 31 March losses 2025 At 1 Aprll 2024 Incoming Resources resources expended General Fund Designated Redundancy Fund Designated Fund - Beareavement and Emotional Support 569,107 172,000 2,255.908 (2.185,360) (20,117) 619,538 172.000 2,485 2,485 743,592 2,255,908 (2,185,360) 120,117) 794,023 -23-