Charity registration number 1071850 Company registration number 03485330 (England and Wales) WORCESTERSHIRE ASSOCIATION OF CARERS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
WORCESTERSHIRE ASSOCIATION OF CARERS LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs Diana Fulbrook Mr David Mann Mr Colin Archer Mr David Sullivan Mrs Miranda Peel Ms Clare Taylor Miss Berenice Brown Mr Srinivas Koduri (Appointed 10 November 2023) Ms Michelle Sally-Ann Albertine Lovett (Co-opted) Mrs Ann Harrison (Co-opted) Secretary Mr Colin Archer Charity number 1071850 Company number 03485330 Registered office Gf Suite 2 Polysec House Blackpole Trading Estate West Hindlip Lane Worcester Worcestershire WR3 8TJ Auditor Ormerod Rutter Limited The Oakley Kidderminster Road Droitwich Worcestershire WR9 9AY Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent MEI9 4JQ
WORCESTERSHIRE ASSOCIATION OF CARERS CONTENTS Page Chair's Report Trustees, report 2-11 Independent auditor's report 12-14 Statement ol financial activities 15 Ba18nce sheet 16 Statement of cash flows 17 Notes to the financial statements 18-32
WORCESTERSHIRE ASSOCIATION OF CARERS CHAIR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 It is with great pleasure that I commend this annual report to you. It has been an eventful one for the new CEO, Karen Edwards, who completed her first year at WAC. There have inevitably been bolh challenges and achievements for the organisalion and it is clear that the rapidly changing societal context has brought significant pressures to the charity sector. Unpaid carers have been particularty affected by the problems with the NHS and the impact of the drfficulties in accessing GPS and long waiting lists. The rises in the cost of living and stretched benefits available have had serious consequences for carers as well. Financial pressures on local authorities have meant a reduction in available services and adult social care support, making WAC a more and more important support system for carers. The trend has been for increasingly complex needs and situations being presented to staff and il is clear that need far outstrips available resourcing. Staff continue to manage these pressures but there are concerns about the impact on them. Within this Context, an immediate challenge has been to look in detail at the financial implications of WAC'S contracts and to undertake a full cost recovery exercise lo ensure the organisalion will be sustainable over time. The new hub contract has been looked at in more detail 8s funding for this is flatlined over the full period and negotiations with the commissioners are ongoing. With the generally poor economic situation and political uncertainties, this is a lesling time for all charities as fundin9 is squeezed and public fundraising is reduced. WAC is therefore not alone with Ihese challenges and this last year has seen a lot of activity to manage the risks. The Board has been working Wlth the senior management team on its future strategy in light of the challenges ahead. Discussions about WAC'S future direction have taken place and the particular importance of digital transformation has been recognised as a means of delivering seNices differently. Contracts other than for the hub, delivering services lo people who are not necessarily carers. has widened WAC'S scope and led to conversations about future positioning. Balancing the focus on carers whilst broadening service provision is an ongoing subject of debate. Despite the difficulties experienced. Ihis last year has also seen a number of achievements, highlighted in the Impact Report produced which has drawn compliments from some partners. The majority of objectives identified for the year were fulfilled, and WAC'S positive profile has continued as a result of strong partnerships wilh others. This has been particularly important in light of the arrival of a new CEO, as effective relationships are crucial to WAC'S success. The shop traded strongly during the year and provides an opportunity to publicise WAC'S purpose and the needs of carers. We remain very grateful lo our shop staff and volunteers and to all our supporters for their contributions during the year. WAC continues lo be proud of the seNices il delivers, and none of the achievements outlined in the annual report would have been possible without the dedication and commitment of staff and volunteers, for which we are very grateful. Thanks also go to the senior management team and to the Trustees who give of their time freely lo support WAC. All are passionate in their desire to support ¢arers and use influence to better their circumstances. 2023124 was therefore again a challenging year and particular thanks go to Karen Edwards for her leadership through this and I look forward lo continuing to report on a thriving and effe1ve organisation next year Diana Fulbrook OBE Chalr of the Worcestershire Association of Carers Board of Trustees Date- 17 September 2024
WORCESTERSHIRE ASSOCIATION OF CARERS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees 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 policies set out in note 1 to the financial statements and comply with Ihe charity's governing document. the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 2019). Objectives and actlvltles Vision 'Every unpaid carer to be valued and empowered and to have a¢¢ess to personalised and high-quality support, living in carer friendly communities, Mlssion Statement To enable Carers to make informed choices through giving expert advice, information and support and to promote recognition of Carers by Servi providers and comrnunilies. strategic Aims:. Three strategic themes were agreed to deliver Worcestershire Association of Carer's charitable objectives for the 2023-24 financial year, ahead of a full strategic review lo be undertaken with the new CEO. These were.. Wellbeing lo improve. support and maintain the well-being of carers and their commvnities in our area of benefit Voice- lo help carers in our communities to successfully influence decision makers Sustainability to create conditions for organisational developmenl and respond to new demands and opportunities Monitoring of these themes is carried out on a quarterly basis at full Board meetings supported by two sub committees. Public benefit 'For the publlc benefit, to relieve stresses experienced by Carers and people with physical, mental or sensory impairment within the family or home in Worcestershire, through the provision of information and support services and promotion of the needs of Carers, (from the Memorandurn of Association of Worcestershire AssoGialion of Carers) Trustees have paid due regard to guidance issued by the Charity Commission on public benefit when planning the strategy and activities of the charity. Our business plan sets out how we will achieve our objectives, vision and mission.
WORCESTERSHIRE ASSOCIATION OF CARERS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance Activitles undertaken, achievement highlights and performance Wellbeing Held a database of 14.836 carers, and direcuy supported 3048 during the year,excluding newsletters and mailouts. Provided the Carers Hub helpline Published regular editions of Caring News which reached 14,126 carers and 1,281 professionals. Issued 397 Carers Emergency Cards which meant if anything happened to the carer, there was information available to ensure that the person they cared for was safe and looked after. 3891 have been issued in lolal. Provided a wide range of information and training sessions for Carers, in person and online. Supported carers through the volunteer supported telephone befriending service Signposted and referred carers to a wide range of organisations or services Worked with Worcestershire County Council (WCCI Commissioners and the Public Health team to infomi the delivery of the County's Carers strategy CFEN Works closely wilh a wide range of local employers lo improve carer awareness, recognition and support for working carers. Recently hosted a Chamber of Commerce webinar on new legislation for working carers with over 35 employers attending. Social Prescribing and Lifestyle services were provided to cover all Redditch GP Practices.1764 referrals were received. Continued to provide an Employee Assistance programme for staff
WORCESTERSHIRE ASSOCIATION OF CARERS TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Voice: Facilitated the Carer-led Carers Partnership which continued its work overseeing the Worcestershire Carers Strategy and ensuring Carers have a voice in decisions affecting them Supported Carers to have their say on a range of strategic and other forums, including the.. Carers Partnership All Age Carers Strategy Action Planning Group Learning Disabilities Partnership Board & Sub-Groups LeDeR Priority Action Group All Age Disability Strategy Autism Partnership Board Dementia Strategy Group Worcestershire Safeguarding Adults Board Herefordshire & Worcestershire Integrated Care System Carer Reference Group Recognised that carers of people with learning difficulties face particular challenges. Worcestershire Association of Carers facilitated the 'Right Support for Carers, group to ensure the voice of these Carers Continued to be heard. Facilitated the Carers Action Worcestershire {CAWI consortium which aimed to bring together independent organisations in Worceslershire with an interest in Carers. Worked closely with partner organisalions. within the voluntary and community, private and public sector, lo raise awareness of the needs of Carers to help us reach more Carers and improve carer access to our services. Supported Families in Partnership An active member of the Worcestershire VCSE Allian¢e Forum, the ICS Academy VCSE Faculty group and joined the Heallhwatch Worcestershire Board.
WORCESTERSHIRE ASSOCIATION OF CARERS TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Sustainability Continued to maintain our good relationships with statutory partners including WorcestershiTr Council, the ICB and Worcestershire Children s Firsl Implemented a full-scale review of our information assurance arrangements, introduced new policies and procedures and made significant progress towards IASME accreditation. As we progress towards fully cloud based IT provision, we are not only safer, but also able to take advantage of technological advances to fhe benefit of our carers. Reviewed our inGome generation and fundraising slrategy, developing 8 pipeline of opportunities and business possibilities. As always work to keep the charity running is essential. DiversifiGaÈion and generating non-restricted lunding is vital to Worcestershire Association of Carers futuTr. We have continued to look for support for both our charitable activities and for development funding to enhance our activities and work to a position where we are less reliant on ptjblic sector contracts. Completecl implementation of 8 full cost recovery fAnancial model, enabling us to make clearer strategic decisions about our finances and the seNices they support. Worked as a partner with Carers Trust. including as part of the Qualify Reference Gmup and on the pilot phase of the Virtual Carers Gent, whi¢h will ultimately provide a comprehensive self-h81p option for Carèrs.
WORCESTERSHIRE ASSOCIATION OF CARERS TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Funding: Our primary funding source for the year was Worcestershire County Council. from whom 698,145 was received to deliver the Worcestershire Carers Hub and Carer Reviews. We continued lo deliver Social Prescribing 8nd Lifestyle Advice services in Redditch Nightingales and Kingfisher Primary Care Networks, with the Social Prescribing seNice seeing an increase in investment due to increased demand for the service. As part of the Herefordshire and Worcestershire Community Mental Health Transfomiation programme, we extended our spe¢ialist support to Carers caring for a loved one experiencing mental ill health lo the whole County Our retail shop, with a new manager in post, is building its capacity to contribute to our unrestricted funding. Community fundraising activities were run on a small scale during the year. We were very grateftil for a number of unsolicited donations which enabled us to run additional activities for Carers We continued to apply for grants for both unrestricted and project funding. Grants were obtained from- Worcester Childrens First VCSE Afiiance Mental Health Carers Trust Sanctuary Group Community First Worcester City Parish Relief Grateful thanks go to all the organisations, companies and individuals who have given grants. gifts or donations and raised vital funds for Worcestershire Association of Carers during the year. A Fundraising Policy is in place to protect from unreasonable intrusion on a person's privacy. unreasonable persistent approaches and placing undue pressure on a person lo give money. The Association aims to adhere to the Fundraising Standards Board 'Code of Fundraising Practice.. No professional fvnd-raiser or commercial participators have been used in the last year, and Ihere are currently no plans to use them in the current year. No complaints were received about fvndraising during the year OtherActivitles Recruited new TSteeS to fill identified skills gaps Idenfified trustee training needs 8nd refreshed the Tmstee induction programme Quality Standards We held the following standards.. Carers Trust Exc8118nce for Carers Cyber Essentials Trusted Charity Worcestershire Works Well Disability Confident Employer We conduct proud audits of the statutory work we undertake on behalf of worcestershi County Council and this feeds into their quality andperformance reporting.
WORCESTERSHIRE ASSOCIATION OF CARERS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Our Volunteers In normal times. the Association would rely heavily on ils volunteers. Without them. like most non-profit and charitable organisalions. Worcestershire Association of Carers would not be able to provide the current level of service and support for the Carers of Worcestershire. Our volunteers are important to increase our capacity to help Carers. Volunteering with the Association is hopefvlly also of benefit to the volunteers. The Association is enriched by the diversity that volunteers bring. They are able to add their qualities and skills to those of the staff. Volunteers may learn new skills and feel more involved with their community. Volunteers undertake a range of roles including acting as trustees. supporting our shop, making regular 'keep in louch, calls to carers, and facilitating carer groups around the county. Plans for the future The new CEO and Trustees decided to undertake a full strategic review in 20234. The external environment has been subject to rapid change and disruption starting with the Covid pandemic and continuing after it, giving rise to unprecedented challenges for society, organisations and carers. In that context, ensuring that our strategic direction and priorities remain fil for purpose and responsive lo those changes was both pnjdent and in line with good governance. Our strategic priorities for 2024-2027 have been agreed as.. To remain sustainable and future fil To deliver effective communications To develop and grow strategic priorities To make unpaid carers the priority An operational plan identified the key activities that will achieve these o.utcomes, and is updated annually. Progress against priorities is monitored by the Board and sub-committees and will be reported on in the next Trustee Annual Report.
WORCESTERSHIRE ASSOCIATION OF CARERS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial review Financial Position During the year the organisation had net expenses for the year of £39,184 {2023 net expenses of £77,214). Reserves of £326,669 {2023 - £365,853) were made up of £141,077 12023 - £155,977) restricted funds and £185,592 (2023 - £209,876} unrestricted funds. Reserves Policy During the last year WAC has continued to review the constituent elements of its Reserves policy and made amendments to ensure that the level of reserves contain sufficient funds to ensure that all contingent liabilities are ¢overed. The reserves policy takes into account both the financial commitments to existing projects and notice periods from our funders, which at the present time equates to three months. The broad headings for the items covered in the calculation are.. Potential costs of winding down operations Potential costs for exiting Relail operations Business as usual costs to cover a minimum of three months operating costs Contingency costs for Capital expenditure As at 31 March 2024, as a result of the detailed calculation, the required level of reserves stood at £42,684 against the actual level of £182.092 free reserves, so there is Currently no shortfall in the organisation's reseNes. This calculation is reviewed regularly and discussed at both Financial Services Committee and Board meetings. In the event of any signifiGant shortfall detailed plans will be put in place to ensure the reserves are replenished. The aim of the reserves policy is to maximise progress towards meeting our objectives whilst balancing the need for continuity and consistency of the work undertaken by WAC. structure, governance and management Governing document The charity is controlled by its governing document, a deed of trust. and constitutes a limited company, limited by guarantee. as defined by the Companies Act 2006 Governance The Board of Directors and Tnjstees has overall responsibility for directing the work of the Association. The Chief Executive reports to the Board. 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 were.. Mrs Diana Fulbrook Mr David Mann Mr Jeffrey Ball Mr Colin Archer Mrs Sarah Clee Mrs Mary Horner Mr David Sullivan Mrs Miranda Peel Ms Clare Taylor Miss Berenice Brown Miss Kate O'Driscoll (Co-opted) Mr Srinivas Koduri Ms Michelle Sally-Ann Albertine Lovelt (Co-opted) Mrs Ann Harrison (Co-opted) (Resigned 13 July 2023) (Resigned 13 June 20231 (Resigned 4 December 2023) (Appointed 13 June 2023 and resigned 3 August 2023) (Appointed 10 November 2023)
WORCESTERSHIRE ASSOCIATION OF CARERS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Selection of Directors and Trustees Appointments are made by election at the Annual General Meeting following requests for nominations from members up to a maximum of twelve. The Board can co-opt up to a further two members during the year. Quallfylng third party Indemnity provisions The Articles of Association of the Gharity include a provision that {subjèct to the exemptions required by the Companies Act) no Trustees or other officers of the company shall be liable for any losses of the charity, except in instances of fraud or wilful wrong doing. Responsibilities of Trustees Role descriptions have been produced for all Trustee roles based on Charity Commission Guidance and these were last reviewed in 2020. Performance against responsibilities is monitored by the Chair through annual appraisal meetings with Trustees. The Association also has a Trustee Link scheme in place. The central purpose of a Trustee Link is to provide Trustees with the opportunity to gain a greater insight into specific WAC activities. This will help to inform Trustees when contributing to strategic decisions. More specifically, WAC recognises that the benefits to linking Trustees with areas of WAC activities include.. Exlending Trustees, knowledge of staff and the breadth of WAC activity Familiarising Trustees with the Association's physical environment Providing an opportunity for staff and volunteers to meet informally with Trustees Helping Trustees to develop in-depth knowledge of areas of WAC activities (including quality issues and targets) Allowing Trustees to use their skills and experience to benefit the Association directly in specific areas In addition. the Association has named Trustees responsible for Whistleblowing and Complaints. Policy for training Trustees On appointment, Trustees go through a documented induction programme Covering all areas of responsibility. Trustees are appraised annually by the Chair and development needs are identified as part of that prO$s. Board and individual development needs are summarised in a report to the Board and the CEO and Chair produce a training and development plan. Trustee meetings which take place beeen Board meetings are also used as an opportunity to develop Trustees. The Board also carries out an annual self-assessment of governance against Charity Commission standards, and any training and development needs identified are included in the governance action plan. Management The Trustees delegate the day-to-day management, the development of strategy and overall leadership of the charity to the Chief Executive. The remuneration of key management personnel is set by the Board of Trustees. Senior managers of the Association: Chief Executive Officer- Karen Edwards Service ManagerlDeputy CEO- Mel Smith Finance Manager- Natasha Davies Members - 1st April 2023 to 31st March 2024- At the end of March 2024 membership stood at 1,838 members.
WORCESTERSHIRE ASSOCIATION OF CARERS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Risk Management The Trustee Board regularly monitor and review the operational and financial risks to which the Charity might be exposed, through the corporate Risk Register. The register identifies the main areas of risk, their likelihood and impact on the Charity. The main risks to WAC, as Identified by the Trustees are.. Carer numbers - Carers needs not being met by not using WAC services. due to lack of awareness or our coverage across the county. Quality Service Provision - Insufficient staff or volunteer levels could mean we are not able to deliver high quality services. Policy influence having a lack of influence over policies affecting carers and planning of seNices could lead to a poor level of setvice. Resources - losing major contracts and having insufficient resources could mean we fail to deliver services to Carers. Sustainable Future- WAC needs to ensure its future through income generation. Governance the organisation needs to ensure it has strong governance and effective leadership and succession planning. Truslees are satisfied that systems and procedures are in place to mitigate exposure lo the major risks. Statement of Trustees. responsibilities The Trustees, who are also the directors of Worcestershire Association of Carets for the purpose of company law, are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these finan¢ial statements. the Trustees are required to.. select SLtitable accounting policies and then apply them consistently., - observe the methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudent.. slate whether applicable UK Accounting Standards have been followed. subject lo any material departu8 disclosed and explained in the financial statements.. and prepare the financial statements on the going ¢on¢ern basis unless it is inappropriate to presume that the charily will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the asset5 of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 10-
WORCESTERSHIRE ASSOCIATION OF CARERS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Auditor In accordance with the company's articles. a resolution proposing that Ormerod Rutter Limited be reappointed as auditor of the company will be put al a General Meeting. The Trustees, report was approved by the Board of Trustees. Mrs Diana Fulbrook Trustee 17 September 2024 11
WORCESTERSHIRE ASSOCIATION OF CARERS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF WORCESTERSHIRE ASSOCIATION OF CARERS Opinion We have audited the financial statements of Worcestershire Association of Carers (the 'charity'l for the year ended 31 March 2024 which comprise Ihe statement of financial activitie5, the balance sheel, 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 is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {Uniled Kingdom Generally Accepted Accounting Practi). In our opinion, the financial statements: give a Irue and fair view of the slate of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, for the year then ended-, have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UK) IISAS {UKII and applicable law. Our responsibilities under those standards are further described in the Audilors responsibilities for the audit of the financial statements section of our report. We are independent of Ihe charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe Ihat the audit evidenee we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees. use of the going concern basis of accounting in the preparation of Ihe financial slalemenls is appropriate. Based on the work we have performed, we have not idenlified any material uncertainties relating to events or conditions that. individually or collèctively, may cast significant doubt on the charity's ability to continue as a going conrn for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going Concern are described in the relevant sections of this report. Other information The other information comprises the infomiation included in the annual report other than the financial statements and our auditOT'S report thereon. The Trustee5 are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any fom) of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit. or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material mi5Statements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfgmed. we conclude that there is material rnisstatemenl of this other information. we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following mallers in relation lo which the Charities (Accounts and Reports) Regulations 2008 require us to report to you rf, in our opinion- the information given in the financial statements is inconsistent in any material respect with the Truslees, report., or sufficient accounting records have not been kept.. or the financial statements are not in agreement with the accounting records; or we have not received all the information and explanations we require for our audit. 12-
WORCESTERSHIRE ASSOCIATION OF CARERS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF WORCESTERSHIRE ASSOCIATION OF CARERS Responsibilities of Trustees As explained more fvlly in the statement of Trustees, responsibilities. the Trustees, who are also the directors of the charity 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 internal control as the Trustees determine is necessary lo enable the preparation of financial slalements that are free from material misslalement, whether due lo fraud or error. In preparing the financial slalemenls, the Trustees are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as applicable. mallers related lo going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or lo cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements .We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guar8nlee that an audit conducted in accordance with ISAS {UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to inffvence the economic decisions of users taken on the basis of these financial statements. The extent lo which our procedures are capable of detecting irregularities, including fraud, is detailed below. Based on our understanding of the charitable company. we identified the principal risks of non-compliance with laws and regulations including those Ihat have a direct impact on the preparalion of the financial statements and the extent to which non-compliance might have a material effect on the financial statements. Audit procedures performed included discussions with management. review of board meeting minutes, testing of joumals. designing and performing audit procedures and challenging assumptions and judgements made by managernenl in relation to accounting estimates. There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also. the risk of not detecting a material misstatement due lo fraud is higher than the risk of not detecting one resulting from error. as fraud may involve deliberate concealment by. for example, forgery or intentional misrepresentations, or through Collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at: htlps'.11 www.fr¢.org.uklauditorsresponsibilities. This description forms part of our audiloffs report. 13-
WORCESTERSHIRE ASSOCIATION OF CARERS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF WORCESTERSHIRE ASSOCIATION OF CARERS Use of our report This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullesl exlenl permilled by law. we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report. or for the opinions we have formed. CO1 McGrory FCA (Senior Statutory Auditor) for and on behalf of Ormerod Rutter Limited Chartered Accountants Statutory Auditor The Oakley Kiddemiinster Road DrO11¢h Worcestershire WR9 9AY 14-
WORCESTERSHIRE ASSOCIATION OF CARERS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Incorne from: Donations and legacies Charitable activities Other trading activities Investments 4,938 4,938 20,108 1,221,233 1,241.341 81.112 81,112 5,139 5,139 7,290 7.290 8,013 1,200,371 1,208,384 82.117 82,117 2.023 2,023 Total income 111,297 1,221.233 1.332,530 99,443 1,200,371 1,299,814 Expenditure on: Raising funds Charitable activities 74,897 54.911 74,897 1,241.906 1,296,817 64,287 1,687 65,974 (15,113) 1,326,167 1,311.054 Total expenditure 129,808 1,241,906 1,371,714 49,174 1,327,854 1,377,028 Net expenditure (18.511) 120,673) (39.184) 50.269 1127.483) (77,214) Transfers between funds 15,773) 5,773 3.366 13.366) Net movement in funds 10 (24.2841 {14.900} 139.184) 53,635 {130.8491 (77,214) Reconciliation of funds: Fund balances at 1 April 2023 209.876 155.977 365.853 156,241 286,826 443,067 Fund balances at 31 March 2024 185.592 141.077 326,669 209,876 155,977 365,853 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activitie5. The statement of financial activities also complies with the requirements for an income and expenditu account under the Companies Act 2006. 15
WORCESTERSHIRE ASSOCIATION OF CARERS BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flxed assets Tangible assets 14 25,059 30,956 Current assets Debtors Cash at bank and in hand 15 139,507 230,677 154,493 240,814 370,184 395.307 Creditors: amounts falllng due within one year 16 165.409} (58,110) Net current assets 304,775 337,197 Total assets less current liabilitles 329.834 368,153 Creditors: amounts falling due after more than one year 17 13,165) 12.3001 Net assets excluding pension liability 326,669 365,853 Net assets 326,669 365,853 The funds of the charlty Restricted income funds Unrestricted funds 19 141.077 185,592 155,977 209,876 326.669 365.853 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. although an audit has been cariied out under section 144 of the Charities Act2011. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of ils financial statements under the requirements of the Companies Act 2006. for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject lo the small rnpanIeS regime. The financial stalemenls were approved by the Trustees on 17 August 2024 Mr5 Diana Fulbrook Trustee Company registration number 03485330 (England and Wales) 16-
WORCESTERSHIRE ASSOCIATION OF CARERS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating actlvlties Cash absorbed by operations 24 {2.8741 153,1391 Investing activities Purchase of tangible fixed assets Investment income received {12.402) 5,139 (23,129) 2.023 Net cash used in investing actlvltles 17,263) {21,1061 Net cash used In financing activities Net decrease in cash and cash equivalents 110,137) {74,2451 Cash and cash equivalents at beginning of year 240,814 315,059 Cash and cash equivalents at end of year 230.677 240.814 17-
WORCESTERSHIRE ASSOCIATION OF CARERS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Worcestershire Association of Carers is a private company limited by guarantee incorporated in England and Wales. The registered Offi is Gf Suite 2 Polysec House, Blackpole Trading Estste West. Hindlip Lane. Worcester, Worcestershire, WR3 8TJ. 1.1 Accounting 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 of Ireland" {"FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" leffeclive 1 January 20191. The charity is a Public Benefit Enlily as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under Ihe historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments al fair value. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity 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 statements. 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the Trustees in furtherance of their charilable objectives. Restricted funds are subject to specific conditions by donors OT grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been mel, the amount5 can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other 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 to donations received under Gift Aid or deeds of covenant is recognised at the lime of Ihe donation. Stocks of undistributed donated goods are not valued for balance sheet purposes. Income from govemment and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, il is probable that the income will be received and the amount can be rneasured reliably. If entitlement is not rnel then these amounts are deferred. Income from shop sales represents the sale of donated goods recognised at the point of sale.
WORCESTERSHIRE ASSOCIATION OF CARERS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to third paty, it 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 costs of each activity are made up of the total of direct costs and shared costs. including support costs involved in undertaking ea¢h activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff cosls are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the assefs use. 1.6 Tangible fixed assets Assets costing £500 or more are capilalised as tangible fixed assets and are carried at cost or valuation, net of depreciation and any impairment 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.. Fixtures and fittings Straight line over 5 years and 3 years The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activities. 1.7 Impalrment of fixed assets At each reporting end dale, the charity reviews the carrying amounts of its tangible assets to detemiine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment 1055 (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues. of FRS 102 to all of its financial inslrutnenls. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements. when there is a legally enforceable right to set off the recognised amounts and there is an intention lo settle on a net basis or lo realise the asset and settle the liability simultaneously. Basic financlal assets Basic financial assets. which include debtors and cash and bank balance5, are initially measured at transaction price including transaction costs and are subsequently carried at arnortised cost using the effective interest method unless the arrangement constitutes a finan¢ing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amorbsed. 19
WORCESTERSHIRE ASSOCIATION OF CARERS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continuedl Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted al a market rate of interest. Financial liabilities Classified as payable within one year are not amortised. Debt instruments are subsequenuy Carried at amortised cost, using the effective interest rate method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltion of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably commilled to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.12 Leases Rentals payable under operating leases, including any lease incentives received. are charged as an expense on a straight line basis over Ihe term of the relevant lease. Critical accounting estimates and judgements In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assurnplions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of Ihe revision and future periods where the revision affects both current and future periods. Crltical areas of judgement The allocation of staff costs beeen individual unrestricted and reslricted funds is based on the estimated split of staff time for each individual employee of the charity. -20-
WORCESTERSHIRE ASSOCIATION OF CARERS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacies Unrestricted funds 2024 Unrestricted funds 2023 Donations and gifts 4,938 7,290 Income from charitable activities Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Charitable activities Sector consultancy work Social work placements Performance related grants 9.208 4,480 9,208 4,480 8,013 8,013 2,980 2,980 6.420 1.221.233 1.227.653 1.197.391 1,197.391 20,108 1,221,233 1,241,341 8,013 1,200,371 1,208,384 Performance related grants analysis 2024 2023 Worcestershire County Council NHS Herefordshire and Worcestershire Clinical Commissioning Group St stephens Surgery Winyates Health Centre Redditch BoroLtgh Council VSCE Alliacne Social Prescribing Redditch Projects Worcestershire Children First- Families In Partnership Lrfestyle Advisor Reddilch Projects Other 655,645 82,335 656,509 70,785 283.914 127,387 40,000 25.000 27.266 337,187 28,385 57,513 14.322 18.796 1,227,653 1,197,391 21
WORCESTERSHIRE ASSOCIATION OF CARERS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Other trading activities Unrestricted Restrlcted funds funds Total Unrestricted funds 2024 2024 2024 2023 Shop income 81,112 81,112 82,117 Investments Unrestricted Unrestricted funds funds 2024 2023 Bank interest receivable 5,139 2,023 Raising funds Unrestricted Unrestricted funds funds Restricted funds Total 2024 2023 2023 2023 Other trading activities Telephone. IT and website costs Rent Premises expenses Events and marketing Staff costs Depreciation and impairment Light and heat Insurance Sundry expenses 941 17,000 3,172 312 33,562 {3331 4,585 2,927 2,121 1,687 2,628 17,000 3,172 312 33,562 13331 4,585 2.927 2.121 17.000 5,118 20 39.114 5,708 5,685 2.252 74,897 64,287 1.687 65.974 22-
WORCESTERSHIRE ASSOCIATION OF CARERS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charitable activities 2024 2023 Direct costs Staff costs Depreciation and impairment Rent Insurance utilities Postage, stationery and office expenses Premises and IT costs Training Facilitator costs Professional and Consultancy fees Subscriptions Travel costs Carers costs Carers news Room hire Staff recruitment Sundries 1,080.501 18,299 20,351 2,881 20.384 10,085 53,257 1.008,922 14,851 18,875 3,116 15.890 10,934 68,371 22.403 14.301 44,179 1.824 11.780 6.109 9,111 11.897 17.271 25.987 15.531 3,054 4,017 5.441 17,839 15.639 2.904 1,698 19,723 1.291.604 1.305.821 Share of support and governance costs (see note 91 Govemance 5.213 5.233 1,296,817 1,311.054 Analysis by fund Unrestricted funds Restricted funds 54.911 1,241.906 {15,113) 1.326.167 1,296,817 1,311,054 Support costs allocated to activities 2024 2023 Govemance costs 5.213 5,233 Analysed between: Charitable activities 5.213 5,233 -23-
WORCESTERSHIRE ASSOCIATION OF CARERS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to activities IcontinLredl 2024 2023 Governance costs comprlse: Auditors, remuneration 5,213 5,233 5.213 5,233 10 Net movement in funds 2024 2023 The net movement in funds is stated after charging11d1I1ng)'. Fees payable for the audit of the charity's financial statements Depreciation of owned tangibl8 fixed assets 5.213 18,299 5.233 14,518 11 Trustee5 None of the Trustees (or any persons connected with them) received any remuneration for their services during the year, and reimbursements were made to 1 trustee lotalling £43212023- £5671 for recruilmenl costs. 12 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number 53 53 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 1,019.127 70,058 30,430 951.184 63,020 28,280 1,119.615 1.042,484 During the year. the charity made redundancy and termination payments amounting to £Nil (2023.. £35.7031 with respect to Nil12023: 61 individual cases. Key management personnel The key management personnel are represented by 4 employees. The total employee benefits of the key management personnel {inclusive of employers national insurance) were £144.152 {2023= £112,787}. There were no employees whose annual remuneration was more than £60,000. -24-
WORCESTERSHIRE ASSOCIATION OF CARERS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Taxation The charity is exempt from taxation on its activities because all ils incorne is applied for charitable purposes. 14 Tangible fixed assets Fixtures and fittings Cost Al 1 April 2023 Additions 121.772 12,402 At 31 March 2024 134,174 Depreciation and impairment At 1 April 2023 Depreciation charged in the year 90,816 18.299 At 31 March 2024 109,115 Carrylng amount Al 31 March 2024 25,059 At 31 March 2023 30.956 15 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued incomg 86.981 7,254 45.272 98.042 10.500 45.951 139,507 154,493 16 Creditor$- amounts falling due wlthln one year 2024 2023 Other taxation and social security Trade creditors Other creditors Accruals and deferred incorne 21,866 17.191 1.690 24,662 7,902 20,758 1.571 27,879 65.409 58.110 25-
WORCESTERSHIRE ASSOCIATION OF CARERS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Creditors: amount5 falling due after more than gne year 2024 2023 Accruals and deferred income 3,165 2,300 18 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 30,430 28.280 The charity operates a defined contribution pension scheme for 211 qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. -26-
WORCESTERSHIRE ASSOCIATION OF CARERS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. Movement in funds Incomln9 rosour¢es Movement In funds Incomlng resources Balan¢e ot 1 April 2022 Re$ource$ Balance at expended 1 April 2023 Resources expended Transfers Balance at 31 March 2024 Integrated Carers Hub {inc. Carer Reviews) 84.692 658.760 1726.659) 16,762 655,645 (635,9891 36.418 Social Prescribing 20,501 239,957 1239,708) 20,749 337,187 (323,8761 34,060 Families in Partnership 14,112 38.987 122,757) 30,343 28,385 (38,0721 20,656 Herefordshire Carers 19,973 1,000 {19,856) 922 16.6951 5.773 Lifestyle Advisors 25,570 87,543 {94,5751 18,540 57,513 176,0531 Saintbury 2.863 Community Mental Health Team 6.420 80.880 (72.476) 14.824 82.335 (88,1391 9,020 Health Equalities Partnership 26.979 {16.9691 10.010 16,0461 3.964 Masons Long COVID Support 5.611 15.6111 Social Work Placements 8,324 2.980 (11,3041 Herofordshire Masons 6,857 (6,8571 Willis Trust 1.500 15701 930 Carer Connectors 22,894 122,894) VCS Mental Health Intergralion Funding 2.834 11,615) 1,219 6,402 17,6211 -27-
WORCESTERSHIRE ASSOCIATION OF CARERS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Restricted funds (Continued} Movement in funds Incomlng Resour¢e$ Balan¢e at resources expended 1 April 2023 Movement in funds Incomlng resourcès Balanee at 1 April 2022 Resources expended Transfers Balance at 31 March 2024 HCS Rejuvenate 1,421 (1,421) Herefordshire County Council 9,212 {9,212) Redditch District Collaborative 4,397 55,000 (23,296) 36.101 25.000 {38,612) 22,489 Transforming Care Admissions 2,000 2.000 {2.000) vcs 25,000 5,711 {30,711) VCSEAlliance 27,266 {13,726) 13,540 Empowering Carers al Discharge 4.300 14,300} Sanctuary Housing 4.000 12.508) 1,492 {1,4921 Time for ME! 8.500 15,485) 3,015 (3.0151 Winter Wamith 9.919 19,919) Miscellaneous 279 286.826 1.197.537 11.326,239} 155,977 1,221,233 {1,241,9061 5.773 141.077 -28-
WORCESTERSHIRE ASSOCIATION OF CARERS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Restricted funds (Continued) The Integrated Carers Hub comprises of grants received for the purpose of supporting unpaid adult carers across the County. The Social Prescribing funds comprises of grants received for the purpose of Social Prescriber wages and expenses. The Families in Partnership fund comprises of a grant received for the purpose of funding a local Parent Carer Forum which is a group of parents and carers of disabled children, to make sure the seNices they receive meets the needs of the disabled children and families. The Sanctuary Housing fund comprises of a grant received for the purpose of providing health and wellbeing events for carers. The Transforming Care Regional Forum comprises of a grant received for the purpose of supporting carers to have a say in services developed for people with learning disabilities. The Herefordshire Carers fund comprises a legacy grant received to support carers within Herefordshire. The Lifestyle Advisors fund comprises grants received to provide a lifestyle coaching l advice service to improve patient wellbeing within the Redditch area. The Saintbury fund comprises a grant received to support carers with future financial planning msessions. Comrnunily Mental Health Team relates to funding received to provide information advice and support to carers of people wilh mental ill health. Health Equalities Partnership relates to funding received to reduce inequalities by identifying and supporting carers working in the NHS and building local partnerships to tackle health inequalities. Masons Long COVID Support relates to funding received to support carers of people with Long COVID syndrome. Community First Recovery College relates to providing training for carers through the Herefordshire and Worcestershire Recovery College. Social Work Placements relates lo funding received to provide placements for student social workers to gain experience of supporting carers. Sustaining Carers relates to funding received lo support carer wellbeing through the COVID-19 pandemic. Tackling Inequalities relates lo fvnding received to provide exercise classes for Carers. The Masons Herefordshire fund comprises of a grant received lo provide events and activities for carers within Herefordshire. Carer Connectors relates to COVID-19 recovery funding to reconnect isolated carers. Carer Reviews relates to carrying out slalutory carer reviews under delegated authority from Worcestershire County Council. HCS Rejuvenate is to provide Craft activities for Herefordshire Carers. Herefordshire County Council relates to providing counselling service for Herefordshire Carers. Impact Focus Group relates to funding for engagement with carers on impact of COVID-19. -29-
WORCESTERSHIRE ASSOCIATION OF CARERS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Restricted funds {Continuedl Reasonable Adjustment Pilot relates lo working with the CCG to improve the accessibility of communicalions with people with Learning Disabilities. Reddilch District Collaborative relates lo supporting the development of a health and care collaborative in Redditch. Transforming Care Admissions is lo Support Carer Voicelcontribution lowards NHS aim to reduce hospital admissions for patients with Learning Disabilities or Autism. VCS relates lo supporting the Worcestershire Voluntary and Community Sector lo work with the health and care sector. Carers Choir- Worcester County Councillor Divisional Fund grants towards running costs of the WAC Carers Choir Empowering Carers on diseharge- A project to seek and report on Carers experience of hospital discharge process for the cared for and produce a report for the Inlegraled Care Board. Time for Me- Grant funding lo provide wellbeing activities for Carers VCSE MHIGS {Volunlary, Community and Social Enterprises Mental Health Intelligence Gathering) - NHS Funding via the VCSE alliance to ulilise Community Mental Health Link Worker skills to map VCSE Mental Health services. Winter Warmth. Grant fvnding to provide Careis with informalion, advice and support to help them face the challenges of fuel poverty. VCSE Alliance - Funding to expand Mental Health Link Worker project around engagement with NHS Mental Health Trust Willis Trust- Funding to deliver 3 micro respite wellbeing events 20 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unreslricted funds by the trustees for specific purposes. At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 Designated funds General funds 20.000 189,876 20.000 165,592 111.297 1129,8081 {5,773) 209,876 111.297 1129.8081 {5.773) 185.592 Previous year: At 1 Aprll 2022 Incomlng resources Resources expended Transfers At 31 March 2023 Designated funds General funds 20,000 (16,634) 20,000 189,876 156.241 99,443 149,1741 156.241 99,443 149,1741 3,366 209,876 -30-
WORCESTERSHIRE ASSOCIATION OF CARERS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Unrestricted fund5 {Continued) Designated funds: Polysec House moving costs - One of Ihe beneficial effects of the pandemic has been the expansion of the ability for WAC staff lo work remotely and not necessarily require a permanent base. To that end. a cash reserve of £20k has been designated by the Trustees in order to cover any potential move from Polysec House into smaller premises. 21 Analysis of net assets between funds Unrestricted funds 2024 Restrlcted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl{liabililies) Long term liabilities 25.059 163,698 {3,1651 25,059 304,775 {3.165} 141,077 185,592 141,077 326,669 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 March 2023.. Tangible assets Current assetsl{liabililies) Long lerm liabilities 30.956 181,220 (2,300) 30,956 337,197 (2,300) 155,977 209.876 155,977 365,853 31
WORCESTERSHIRE ASSOCIATION OF CARERS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Operating lease commitments At the reporting end dale the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2024 2023 Within one year Between two and five years 21.933 9,306 21,933 26,952 31.239 48.885 23 Related party transaction5 There were no disclosable related paty transactions during the year (2023 none). 24 Cash generated from operatlons 2024 2023 Deficit for the year {39,1841 (77,214) Adjustments for- Investment income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets {5.1391 18,299 (2,023) 14,518 Movements in working capital.. Decrease in debtors Increase in creditors 14,986 8,164 5,448 6,132 Cash absorbed by operations {2,8741 {53,1391 25 Analysis of changes in net funds The charity had no material debt during the year. -32-