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2024-03-31-accounts

Registered number: 03677361 Charity number: 1074906

Care for the Carers

(A company limited by guarantee)

Trustees' report and financial statements for the year ended 31 March 2024

Care for the Carers

(A company limited by guarantee)

Contents

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Trustees' report 2 - 13
Independent auditor's report on the financial statements 14 - 17
Statement of financial activities 18
Balance sheet 19 - 20
Statement of cash flows 21
Notes to the financial statements 22 - 43

Care for the Carers

(A company limited by guarantee)

Reference and administrative details of the Company, its Trustees and advisers for the year ended 31 March 2024

Trustees Alan Botterill
Polly Evans
Neil Churchill OBE, Chair
Mary Barnes
Jane Lawrence
Richard Pearson
Graham Turner
Geoffrey Munn
Natasha Burrows
Company registered
number
03677361
Charity registered
number
1074906
Registered office
Highlight House
8 St Leonards Road
Eastbourne
East Sussex
BN21 3UH
Company secretary
Jennifer Downs
Chief executive officer
Jennifer Downs
Independent auditor
Kreston Reeves LLP
Chartered Accountants
Plus X Innovation Hub
Lewes Road
Brighton
East Sussex
BN2 4GL
Solicitors
Keeleys LLP
28 Dam Street
Lichfield
Staffordshire
ES13 6AA

Page 1

Care for the Carers

(A company limited by guarantee)

Trustees' report for the year ended 31 March 2024

The Trustees present their annual report together with the audited financial statements of the charity for the year ended 31 March 2024. The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity’s governing document and the provision of the Statement of Recommended Practice (SORP), applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) as amended by Update Bulletin 1 (effective 1 January 2019).

Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Director’s Report) Regulations 2013 is not required.

Objectives and activities

a. Policies and objectives

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit.

The objects of the charity are to provide support, advice and information to any carer, of any age, living in East Sussex, Brighton and Hove or who is caring for someone living in East Sussex, Brighton and Hove. A carer is a relative, partner or friend, of any age, who within the past three years has provided essential care or support to someone who is disabled whether through mental or physical ill health, learning disability or frailty. This includes a parent or sibling caring for a disabled child and a child caring for an adult.

There are many reasons why caring for someone else leaves the carer needing support:

Care for the Carers addresses these issues by providing direct support and information to carers, by raising awareness of the issues they face and influencing local and national policy affecting carers.

“It is exhausting: you’ve got the emotional side, the physical side (medication and administration)… and the mental side and the further emotional side to see someone who is a bit more in decline, having that sympathy for them. Overall it is exhausting.”

b. Vision and mission

Our vision: we will work with carers until all East Sussex carers have recognition, choices, influence and access to quality support and services that they need and want.

Our mission: we represent East Sussex carers, enable their voices to be heard and provide services in response to what they need and want.

“I need someone to re organise me and get my home back to being a home. I’m out of energy and nothing seems to matter.”

Page 2

Care for the Carers

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Objectives and activities (continued)

c. Main activities undertaken to further the Company's purposes for the public benefit

All activities are delivered in line with our Strategic Plan for 2020-25, “Caring Together”. The strategic direction set out in the plan was coproduced with carers and the staff team and is refreshed annually, guided by carers’ feedback on the support they require and the issues impacting them. In “Caring Together” we identified four priority areas for our work in this period:

  1. Supporting carers - Being there for local carers, providing support through a range of services tailored to their needs.

  2. Think Carer - Influencing services, decision makers, partners and the wider community to be better for carers.

  3. Carers Voices - Placing carers’ voices at the heart of our work, guiding our plans, influencing and strategic direction.

  4. Impact and innovation - Being a forward facing and well-run organisation which understands its impact, is a great employer and achieves great value and impact with funding entrusted to us for local carers.

These priorities are delivered through the following workstreams:

Our Business Plan sets out how the charity would deliver the overarching strategic priorities, to guide the work of the management team and Board. The plan identifies four major ambitions for Care for the Carers’ development:

  1. Maintain & grow our commissioned services

  2. Grow our discretionary services

  3. Reach more carers – in particular carers most needing our support

  4. Build our capacity to support more carers – sustainably

Page 3

Care for the Carers

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance

a. Main achievements of the Company

Support, Advice and Guidance

During the year we supported 10,860 (2023: 10,134) carers across East Sussex. Of these:

Particular highlights this year:

Page 4

Care for the Carers

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

Groups and Activities

248 carers (2023: 215) attended our regular carers’ groups in 2023-24. Groups are a highly valued opportunity for carers to meet with one another and take some time out from caring. Alternatively, some groups are used to share expertise, access information from specialist Carer Support Workers and guest speakers on topics selected by the group or engage in wellbeing activities in a friendly environment. This year we increased the number of groups to 19 (17 in 2023) in line with our aims to grow this offer, and we are also seeing a larger number of carers accessing group support.

Highlights included:

Tools and Resources

The East Sussex Carers Card is available to all carers including young carers and parent carers of children. It helps to identify carers in an emergency and entitles them to discounts from a range of businesses. Adult carers of another adult can also link their Carers Card to a backup emergency care plan through East Sussex County Council’s Carers Respite Emergency Support Scheme. The number of carers taking up the card continues to rise, with 2,674signing up in the year (2023: 2,555).

Other highlights in tools and resources include:

“Respite made me feel human! I was trying to feel like my life was happening a little bit rather than completely stopped and indefinitely on pause. I wanted to feel like a person again, and to live not just survive.”

Page 5

Care for the Carers

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

Awareness, Information and Communications

Raising awareness of carers’ needs is vital to ensure carers are identified early and can access support. We achieve this through our communications and media work, Carer Friendly Community programme, recruitment of volunteers and Carers Card businesses, and provision of “Think Carer” training to employers and health, social care and community service providers. Highlights this year included:

‘I enjoyed the training and found the delivery to be excellent, really engaging and food for thought.’

Engagement and Representation

Carers who are part of the Carers Voices Network contribute to consultations, focus groups and campaigns. We aim to make this as accessible as possible, and keep the Network informed via a monthly strategic e-Newsletter and targeted communications. This helps the charity to keep Carers Voices at the heart of everything we do, and to speak with and for local carers and advocate for them within health, social care and voluntary sector strategic planning.

Our partnerships are a powerful asset in this - Care for the Carers is a Network Partner of Carers Trust, where our CEO is a Trustee, and we are a member of Carers UK. This requires adherence to shared operational standards and values, enables us to help local carers’ voices shape national policy, brings eligibility for a range of grants for carers, good practice learning and support, and partnership opportunities. Locally our partnerships with Hastings and Rother Rainbow Alliance, Diversity Resource International, the Dementia Alliances across all five districts, the Links project, Refugee Buddies, Women’s Interfaith Network and Eastbourne Mosque all help us to reach underrepresented carers. Strategically, our membership of the East Sussex VCSE Alliance, which our CEO chairs, and Sussex Carers Partnership are key alliances enabling us to influence local policy and planning, and to partner to develop new service responses.

Highlights included:

“Thank you for this opportunity. It’s been very helpful and encouraging, it’s nice to know you are not alone. We need to learn to shout louder.”

Page 6

Care for the Carers

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

Fundraising

All the money raised goes to ensuring that no on is left to care alone.

Donations directly fund some of our essential services for carers. Our Young Carers service and adult carers activities programme are solely funded by donations and non-statutory grants. They provide a break to carers, helping them connect with others in a similar role, develop peer support, take care of their wellbeing or physical health, recharge to be able to keep on caring. This support for carers would not be possible without the donations and grants.

Independent fundraising also enables us to enhance and grow other services such as our local carers centres, community engagement work, and volunteering programme including the volunteer-led Carers in Touch which supports the most isolated carers. By diversifying our funding streams we are able to respond more swiftly and flexibly to what carers are telling us they need, and what is not available elsewhere.

We are incredibly grateful to everyone who has supported us over the last year including individuals, local businesses, community groups, local statutory funders and local and national Trusts and Foundations. We have received wonderful support from the local community, this included benefiting from a gaming fundraiser held by students of East Sussex College, and as one of Uckfield Bonfire and Carnival Society's nominated charities.

We would like to thank the following for their support over the past year: all our individual and regular givers, challenge event participants, 29th May 1961 Charitable Trust, 7 Stars Foundation, Ardwick Charitable Trust, Bedes School, Crane Garden Buildings, Dorothy Wharton (MEH) Trust, Esports students at East Sussex College, Hailsham Lions Club, Hastings senior Men's Forum, Hastings Winkle Club, Hazel Curtis, Hendy Foundation, Heringtons Solicitors, The Homity Trust, NHS Health Inequalities programme, Rotary Clubs of Newhaven, Sovereign Light, Eastbourne and Rye, Seaford Town Council, South East Water, Tesco in Bexhill and Hailsham, The Chalk Cliff Trust, The Charlotte Marshall Charitable Trust, The Francis and Eric Ford Charitable Trust, The Hailsham Pavilion, The John Jackson Charitable Trust, The Parish Of Our Lady Of Ransom, The Ranmore Charitable Trust, Uckfield Bonfire and Carnival Society and Waitrose in Lewes.

Finally, we would like to thank the National Lottery Community Fund for their ongoing support of our local carers centres in Uckfield and Hastings.

Every penny raised and donated makes a real difference to the lives of local carers.

Page 7

Care for the Carers (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Financial review

a. Going concern

Having reviewed the latest financial position as well as forecasts and projections through to March 2026, and made appropriate enquiries, the Trustees consider that the charity is in a stable, healthy financial position and remains a going concern; the accounts have been prepared on this basis.

b. Overall financial review

The charity was in a good financial position at the year end, with cash balances of £796,183 (2023: £885,337) and reserves totalling £2,352,135 (2022: £2,404,635).

The charity generated a deficit of £52,500 for the financial year ended 31 March 2024 (2023: surplus of £45,362). The reserves are allocated to specific activities as detailed below.

The principal funding sources of income to the charity were from grants and contract related income of £1,695,063 (2023: £1,365,547). Donations received amounted to £19,598 (2023: £29,260). A further funding source to the charity, Other Income, includes interest received which has increased to £19,414 (2023: £6,737) and income generated from our investment holding of £51,002 (2023: £49,717).

The contract to deliver the East Sussex Carers Centre, jointly funded by ESCC and NHS Sussex, remains secure, and has now been extended until 2027. The contract’s annual value is £628,082. This is the charity’s largest contract, and – as a result of our fundraising strategy aiming to diversify our income streams – is now complemented by several additional multi-year contracts.

During the year, the charity generated additional income through dividend payments from the shareholding investment generously gifted by Catharine House Trust in 2019-20. The shareholding investment is held as designated funds, with the generated additional income held as unrestricted funds and used to increase activity that supports carers. During the year, the charity engaged an Independent Financial Advisor to review the shareholding and make any alternative recommendations.

The reserves of the charity comprise restricted, designated and unrestricted funds:

Page 8

Care for the Carers

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

c. Reserve policy

The Trustees have reviewed and adjusted the reserves policy considering the following factors:

New Services for Carers Reserve

Trustees have set aside £111,087 (2023: £210,612) to enable the development of new services to support carers, in line with carers’ feedback and responding to identified gaps locally. The funds are only to be used for work that would not be funded through statutory funding routes, and investment will be made sustainably, for example by piloting projects to gain the evidence of impact enabling us to gain future grant funding. Current areas of focus are:

Staffing Reserve

£166,486 (2023: £201,697) has been allocated to enable Care for the Carers to meet the cost of expected increases to salaries, and to support staff development and training. The Trustees value highly our dedicated staff team, the backbone of the charity, and recognise the pressures and concerns felt by staff in this time of financial uncertainty. The Board has therefore prioritised ensuring our employees receive fair remuneration, by maintaining the charity’s alignment to the National Joint Council (NJC) pay scales which include an annual cost of living increase set in consultation with the unions. We also reward excellent performance by providing a route for staff to access incremental salary increases within their salary band on an annual basis.

Digital Carer Support Reserve

This fund has a balance of £190,563 (2023: £200,000), which has been set aside for:

a) developing new ways of supporting and identifying carers through digital technologies, such as support, education and resources provided on-line, and

b) developments to Care for the Carers’ systems and processes that enable us to support more carers, and/or enhance the quality of our services.

Key aims include:

Capital Reserve

This fund has a balance of £1,476,575, following a gain on investment of £35,967, held within a shareholding investment with BlackRock (2023: £1,440,608). This reserve has been created to enable the charity to explore purchasing a property to serve as a central Carers Centre, enabling us to further grow face to face carers’ services and provide a central location for carers to come together and for partner organisations to co-site with us, as set out in our business plan and premises strategy.

Page 9

Care for the Carers

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

General Reserve

This reserve comprises of unrestricted general funds, at the end of the financial year the general reserve balance is £267,340 (2023: £261,685).

The Trustees would like to maintain a general reserve which equates to approximately 2½ months unrestricted expenditure and is set aside to:

Using the 2024 unrestricted expenditure excluding the designated expenditure, the aim would be to maintain this reserve at around £287,031. The Trustees acknowledge that the level of unrestricted reserves is slightly under the target level, but are satisfied that the charity will be able to meet the target in future years.

The free reserves held by the charity are £243,884 (2023: £244,020).

d. Asset cover for funds

Note 17 sets out an analysis of the assets attributable to the various types of funds and a description of the funds. These assets are sufficient to meet the charity’s obligations on a fund by fund basis.

Structure, governance and management

a. Constitution

The charity is registered as a charitable company limited by guarantee and was incorporated on 2nd December 1998. It is registered as a charity with the Charity Commission. Membership is open to individual carers, groups, organisations and individuals who are interested in caring issues or who wish to support Care for the Carers.

The Trustees, who are the directors for the purpose of company law, and who served during the year were:

Dr Neil Churchill OBE (Chair from 28th May 2021) Mr Jake Jay (Vice-Chair from 28th May 2021) Resigned 22 November 2023 Mr Alan Botterill Ms Polly Evans Cllr Mrs Mary Barnes Ms Jane Lawrence Mr Richard Pearson Mr Geoffrey Munn Mr Graham Turner Ms Natasha Burrows

b. Methods of appointment or election of Trustees

The Board of Trustees are all volunteers, and the majority bring lived experience of caring. The Board may coopt Trustees either to fill a vacancy or as an additional Trustee, who may serve until the next annual general meeting when Trustees recommend new co-opted Trustees to the Membership for appointment.

Page 10

Care for the Carers (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Structure, governance and management (continued)

c. Policies adopted for the induction and training of Trustees

The Trustees receive an induction to brief them on their legal obligations under charity and company law, the committee and decision making processes, carers’ needs and experiences, the Strategic Plan and the financial performance of the charity. Periodic training is provided, informed by an annual skills audit, and opportunities to meet the senior management team, and shadow the delivery of services are offered.

d. Pay policy

The remuneration of staff and key management personnel is guided by the National Joint Council (NJC) pay scales. The charity aims keep the salaries of staff and key management personnel aligned to these scales, which include annual cost of living increases and the opportunity of incremental salary increases in recognition of excellent performance.

e. Organisational structure and decision making

The Board of Trustees administer the charity with the appointment of a Chief Executive, who has delegated authority to manage the day to day operations of the charity. The charity’s senior management team is comprised of the Chief Executive, Head of Services, Head of Communities and Head of Resources.

f. Risk management

The Trustees assess on a regular basis, throughout the year, the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to these risks.

Plans for future periods

With stretched public services, an increasing number of carers undertaking complex caring roles locally, and a potential new political landscape, Care for the Carers will be working hard to continue to deliver our strategy, and support and advocate for unpaid carers across 2024-25. We will also be engaging with carers to set our strategic direction from 2025-30. Below are some of our key objectives over the next 12 months:

  1. Maintain & grow our commissioned services

  2. Identify and support more carers, including more carers from diverse and less heard groups

  3. Build the range of specialist services available to carers, by delivering support or in partnership

  4. Support and prevent carers experiencing financial hardship and ill health as a result of caring

  5. Leverage our role as ESCC and NHS Sussex’ Strategic Partner to advocate for local carers and achieve strategic change

  6. Grow the offer to carers through economies of scale

  7. Maximise the insights gained through our commissioned services to amplify carers’ voices and inform service development and fundraising

Page 11

Care for the Carers

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Plans for future periods (continued)

  1. Grow our discretionary services

  2. Support more carers to take a break from their caring role by continuing to offer a rich and varied range of social and wellbeing opportunities

  3. Maintain our independent voice by delivering projects supported by a diverse range of funders

  4. Speaking up with and for carers to improve services and shape policy

  5. Act as an independent voice supporting carers seeking to raise specific concerns

  6. Build detailed and current insight into carers’ needs and experiences

  7. Amplify carers’ voices to decision makers and lobby for strategic change to improve the lives of carers and the people they care for

  8. Reach more carers – in particular carers most needing our support

  9. Develop our promotions, communications and community development to reach more carers earlier, and identify more hidden carers

  10. Build more local presence/delivery (local carers centres)

  11. Grow specialist services and support tailored to the needs of specific communities

  12. Increase digital engagement, and offer more to carers who are digital natives

  13. Create a Carer Friendly East Sussex – keeping carers’ issues on the agenda, empowering our partners to support carers, and raising public awareness of caring

  14. Grow and nurture our network of Carer Ambassadors: carers, community members and professionals working with us to build a carer-friendly East Sussex

  15. Build our presence and the profile of carers within communities – of geography, identity and experience as well as online networks and groups

  16. Use national campaigns to maximise the impact of our awareness raising, adding value by empowering carers and volunteers to add their voices and influence

  17. Build our capacity to support more carers – sustainably

  18. Continue to build and support our volunteer team

  19. Use our reserves to invest in developing new services

  20. Explore purchasing a building to enable us to develop face to face support and co-site with other carers’ services supporting the development of our local partnerships

  21. Continue to strengthen the charity by fundraising and diversifying our income streams

  22. Strengthen and streamline Care for the Carers’ internal processes, systems and culture to secure our future as a strong, independent and resilient charity

  23. Evaluate, use, celebrate impact

    • “Thank you for all your amazing work. You make a huge difference to people like me.”

Members' liability

There are currently 120 members (2023: 123), each of whom agrees to contribute £1 in the event of the Company winding up.

Page 12

Care for the Carers

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statement comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditor

The auditor, Kreston Reeves LLP, has indicated his willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Trustees.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................

Neil Churchill OBE

Chair Date: 26th September 2024

Page 13

Care for the Carers

(A company limited by guarantee)

Independent auditor's report to the Members of Care for the Carers

Opinion

We have audited the financial statements of Care for the Carers (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 14

Care for the Carers

(A company limited by guarantee)

Independent auditor's report to the Members of Care for the Carers (continued)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditor's report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 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 misstatements, 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 performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes 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 to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 15

Care for the Carers (A company limited by guarantee)

Independent auditor's report to the Members of Care for the Carers (continued)

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 Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Capability of the audit in detecting irregularities, including fraud

Based on our understanding of the charity and the sector as a whole, and through discussion with the Trustees and other management (as required by auditing standards), we identified that the principal risks of noncompliance with laws and regulations related to health and safety and employment law. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities SORP (FRS 102), the Companies Act 2006 and other relevant charity legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated Trustees' and management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks related to posting inappropriate journal entries to increase income or reduce expenditure and management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the engagement team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.

Page 16

Care for the Carers

(A company limited by guarantee)

Independent auditor's report to the Members of Care for the Carers (continued)

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company'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 charitable company's trustees those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Kreston Reeves LLP

Chartered Accountants Statutory Auditor Brighton

Date: 1 October 2024

Kreston Reeves LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 17

Care for the Carers

(A company limited by guarantee)

Statement of financial activities (incorporating income and expenditure account) for the year ended 31 March 2024

Note
Income from:
Donations and legacies
4
Charitable activities
5
Other income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net (expenditure)/income before net
gains/(losses) on investments
Net gains/(losses) on investments
Net (expenditure)/income
Transfers between funds
17
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2024
£
9,361
429,518
-
438,879
-
477,356
477,356
(38,477)
-
(38,477)
88,528
50,051
90,033
50,051
140,084		 Unrestricted
funds
2024
£
10,237
1,265,545
70,416
1,346,198
59,623
1,336,565
1,396,188
(49,990)
35,967
(14,023)
(88,528)
(102,551)
2,314,602
(102,551)
2,212,051		 Total
funds
2024
£
19,598
1,695,063
70,416
1,785,077
59,623
1,813,921
1,873,544
(88,467)
35,967
(52,500)
-
(52,500)
2,404,635
(52,500)
2,352,135		 Total
funds
2023
£
29,260
1,365,547
56,454
1,451,261
39,236
1,329,386
1,368,622
82,639
(37,277)
45,362
-
45,362
2,359,273
45,362
2,404,635

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 22 to 43 form part of these financial statements.

Page 18

Care for the Carers

(A company limited by guarantee) Registered number: 03677361

Balance sheet as at 31 March 2024

Note
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank on notice
21
Cash at bank and in hand
21
Creditors: amounts falling due within one
year
16
Net current assets
Total net assets
Charity funds
Restricted funds
17
Unrestricted funds
Designated funds
17
General funds
17
Total unrestricted funds
17
Total funds		 149,275
372,561
423,622
945,458
(93,354)
1,944,711
267,340		 2024
£
23,456
1,476,575
1,500,031
852,104
2,352,135
140,084
2,212,051
2,352,135		 382,943
174,961
710,376
1,268,280
(321,918)
2,052,917
261,685		 2023
£
17,665
1,440,608
1,458,273
946,362
2,404,635
90,033
2,314,602
2,404,635

Page 19

Care for the Carers

(A company limited by guarantee)

Balance sheet (continued)

as at 31 March 2024

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 145 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................

Neil Churchill OBE

Chair Date: 26th September 2024

The notes on pages 22 to 43 form part of these financial statements.

Page 20

Care for the Carers

(A company limited by guarantee)

Statement of cash flows
for the year ended 31 March 2024
Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends and interest received
Purchase of tangible assets
Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2024
£
(139,016)
70,417
(20,556)
49,861
(89,155)
885,337
796,182		 2023
£
1,304
56,454
(6,426)
50,028
51,332
834,005
885,337

The notes on pages 22 to 43 form part of these financial statements

Page 21

Care for the Carers (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

1. General information

The charity is a private company limited by guarantee incorporated in England and Wales. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

The registered office and principal place of business of the charity is:

Highlight House 8 St Leonards Road Eastbourne East Sussex BN21 3UH

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Care for the Carers meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 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.

Whilst the impact of the current general economy has been assessed by the Trustees, so far as is reasonably possible, due to its unprecedented impact on the worldwide economy it is difficult to evaluate with any certainty the potential outcomes on the Charity's future activities. However, taking into consideration the Charity's level of reserves, the Trustees believe that the Charity will be able to continue in operational existence for the foreseeable future.

2.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grant income is recognised over the period for which it is granted.

Donations and gifts are recognised when receivable.

Investment income is recognised when receivable.

Page 22

Care for the Carers (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement 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 each 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 to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

Grant expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a partner, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

2.5 Interest receivable

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

2.6 Tangible fixed assets and depreciation

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2.7 Investments

Fixed asset investments which consist of listed investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading ‘Gains/(losses) on investments’ in the Statement of financial activities incorporating income and expenditure account.

Page 23

Care for the Carers

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

2. Accounting policies (continued)

2.8 Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

2.9 Cash at bank and in hand

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

Cash at bank on notice includes cash which is held with a notice period in excess of 60 days.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

2.11 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Employee Benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.13 Operating leases

Rentals paid under operating leases are charged to the Statement of financial activities on a straightline basis over the lease term.

2.14 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

Page 24

Care for the Carers (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

2. Accounting policies (continued)

2.15 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

Allocation of wages to the correct fund.

The Charity makes estimates and assumptions in relation the allocation of wages to funds. Allocation is based on staff members estimated time split between each of the charity's activities. These estimates and assumptions are completed by informed members of management and management accounts are reviewed by the Board monthly.

4. Income from donations and legacies

Restricted Unrestricted Total
funds funds funds
2024 2024 2024
£ £ £
Donations 9,361 10,237 19,598

Page 25

Care for the Carers

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

4. Income from donations and legacies (continued)

Donations
5.
Income from charitable activities
Income from charitable activities - Support, advice and
information to Carers
Income from charitable activities - Support, advice and
information to Carers
6.
Investment income
Interest received
Investment income		 Restricted
funds
2023
£
16,968
Restricted
funds
2024

£
429,518
Restricted
funds
2023
£
378,797
 Unrestricted
funds
2023
£
12,292
Unrestricted
funds
2024
£
1,265,545
Unrestricted
funds
2023
£
986,750
Unrestricted
funds
2024
£
19,414
51,002
70,416		 Total
funds
2023
£
29,260
Total
funds
2024
£
1,695,063
Total
funds
2023
£
1,365,547
Total
funds
2024
£
19,414
51,002
70,416

Page 26

Care for the Carers

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

6. Investment income (continued)

Interest received
Investment income		 Unrestricted
funds
2023
£
6,737
49,717
56,454		 Total
funds
2023
£
6,737
49,717
56,454

7. Expenditure on raising funds Costs of raising voluntary income

Unrestricted
funds
2024
£
Other fundraising costs
13,808
Fundraising staff costs
45,815
59,623
Unrestricted
funds
2023
£
Other fundraising costs
1,228
Fundraising staff costs
38,008
39,236		 Total
funds
2024
£
13,808
45,815
59,623
Total
funds
2023
£
1,228
38,008
39,236

Page 27

Care for the Carers

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

8. Analysis of expenditure on charitable activities

Summary by fund type

Support, advice and information to Carers
Support, advice and information to Carers		 Restricted
funds
2024
Unrestricted
funds
2024
£
£
477,356
1,336,565
Restricted
funds
2023
Unrestricted
funds
2023
£
£
469,655
859,731		 Total
funds
2024
£
1,813,921
Total
funds
2023
£
1,329,386

9. Analysis of expenditure by activities

Support, advice and information to Carers
Support, advice and information to Carers		 Activities
undertaken
directly
2024
£
1,277,799
Activities
undertaken
directly
2023
£
868,966		 Grant
funding of
activities
2024
£
274,072
Grant
funding of
activities
2023
£
264,605		 Support
costs
2024
£
262,050
Support
costs
2023
£
195,815		 Total
funds
2024
£
1,813,921
Total
funds
2023
£
1,329,386

Page 28

Care for the Carers (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

9. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Activities
Project costs
Healthcare Appointment Respite Grants
Carers card
Staff costs
Activities
Project costs
Healthcare Appointment Respite Grants
Carers card		 Support,
advice and
information
to Carers
2024
£
967,695
8,181
295,745
2,315
3,863
1,277,799
Support,
advice and
information
to Carers
2023
£
724,273
4,638
136,496
1,301
2,258
868,966		 Total
funds
2024
£
967,695
8,181
295,745
2,315
3,863
1,277,799
Total
funds
2023
£
724,273
4,638
136,496
1,301
2,258
868,966

Page 29

Care for the Carers (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

9. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation
Premises costs
Postage, stationary and telephone
IT, technical and website
Other staff costs
Other costs
Governance costs
Staff costs
Depreciation
Premises costs
Postage, stationary and telephone
IT, technical and website
Other staff costs
Other costs
Governance costs		 Support,
advice and
information
to Carers
2024
£
110,615
14,766
44,088
23,668
21,216
10,412
10,403
26,882
262,050
Support,
advice and
information
to Carers
2023
£
84,793
9,035
28,860
15,973
21,522
6,960
8,536
20,136
195,815		 Total
funds
2024
£
110,615
14,766
44,088
23,668
21,216
10,412
10,403
26,882
262,050
Total
funds
2023
£
84,793
9,035
28,860
15,973
21,522
6,960
8,536
20,136
195,815

Page 30

Care for the Carers

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

10. Analysis of grants

Grants to
Institutions
2024
Grants to
Individuals
2024
£
£
Grants, Support, advice and information to Carers
270,058
4,014
Grants to
Institutions
2023
Grants to
Individuals
2023
£
£
Grants, Support, advice and information to Carers
260,621
3,984
The Company has made the following material grants to institutions during the year:
2024
£
Name of institution
Association of Carers
25,079
St Wilfrid's Hospice
30,000
Motor Neurone Disease Association
7,500
Dementia Information & Support Courses CIC
30,000
St Michael's Hospice
15,000
Sussex Support Service CIC
15,000
Culture Shift
29,980
Community Chef
15,000
Coastal Wellbeing
13,710
The Good Company People
9,745
Amaze
15,000
Diversity Resource International
30,000
St Peter & St James Hospice
10,000
Alzheimer's Society
-
246,014
Other grants to institutions
24,044
270,058		 Total
funds
2024
£
274,072
Total
funds
2023
£
264,605
2023
£
17,145
29,950
5,000
15,000
15,000
15,000
24,044
14,875
13,309
15,000
16,127
30,000
15,000
12,971
238,421
22,200
260,621

Page 31

Care for the Carers

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

11. Auditor's remuneration

2024 2023
£ £
Fees payable to the Company's auditor for the audit of the Company's
annual accounts 9,900 8,100
Fees payable to the Company's auditor in respect of:
All non-audit services not included above 2,520 1,980

12. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2024
£
1,034,756
69,958
19,411
1,124,125		 2023
£
778,360
53,869
14,845
847,074

The average number of persons employed by the Company during the year was as follows:

2024 2023
No. No.
Staff 43 37

No employee received remuneration amounting to more than £60,000 in either year.

During the year, no Trustees received any remuneration (2023 - £NIL). During the year, no Trustees received any benefits in kind (2023 - £NIL). During the year, two Trustee received reimbursement of expenses totalling £111 (2023 - £41).

Page 32

Care for the Carers

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

13. Tangible fixed assets

Cost or valuation
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
14.
Fixed asset investments
Cost or valuation
At 1 April 2023
Revaluations
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Short-term
leasehold
property
£
-
14,007
14,007
-
3,374
3,374
10,633
-		 Office
equipment
£
9,864
-
9,864
9,864
-
9,864
-
-		 Computer
equipment
£
112,823
6,550
119,373
95,158
11,392
106,550
12,823
17,665		 Total
£
122,687
20,557
143,244
105,022
14,766
119,788
23,456
17,665
Listed
securities
£
1,440,608
35,967
1,476,575
1,476,575
1,440,608

The historical cost of the listed securities is £1,392,221.

Page 33

Care for the Carers

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

15. Debtors

Due within one year
Trade debtors
Prepayments and accrued income
Creditors: Amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2024
£
124,009
25,266
149,275
2024
£
53,748
20,452
5,813
13,341
93,354		 2023
£
285,999
96,944
382,943
2023
£
34,243
15,439
4,700
267,536
321,918

16. Creditors: Amounts falling due within one year

Page 34

Care for the Carers

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

17. Statement of funds

Statement of funds - current year

Unrestricted
funds
Designated
funds
Staffing Reserve
New Services for
Carers
Reserve
Capital Reserve
Digital Carer
Support
Reserve
General funds
General Funds
Total
Unrestricted
funds		 Balance at 1
April 2023
£
201,697
210,612
1,440,608
200,000
2,052,917
261,685
2,314,602		 Income
£
-
-
-
-
-
1,346,198
1,346,198		 Expenditure
£
-
(9,000)
-
(9,437)
(18,437)
(1,377,751)
(1,396,188)		 Transfers
in/out
£
(35,211)
(90,525)
-
-
(125,736)
37,208
(88,528)		 Gains/
(Losses)
£
-
-
35,967
-
35,967
-
35,967		 Balance at
31 March
2024
£
166,486
111,087
1,476,575
190,563
1,944,711
267,340
2,212,051

Page 35

Care for the Carers (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

17. Statement of funds (continued)

Restricted
funds
Young Adult
Carers
Carers Card
Carers Grant
Rother Dementia
Lunch Club
Small Grant for
Carers
Health
Appointment
Respite Grants
Artist in
residence
Social
Opportunities
for Older
Carers
Access to work
Activities Project
ESCC Small
grants
NHS Health
Inequalities
Sussex digital
hub
Young carers
Volunteering
Big Lottery
Making Carers
Count
Total of funds		 Balance at 1
April 2023
£
590
517
354
878
233
27
-
-
-
10,886
-
-
18,134
25,123
67
33,224
-
90,033
2,404,635		 Income
£
323
3,708
21,867
-
1,000
2,315
5,300
-
-
10,878
255,653
4,120
-
35,307
-
81,464
16,944
438,879
1,785,077		 Expenditure
£
(140)
(3,863)
(24,044)
-
(1,000)
(2,315)
-
(4)
(1,044)
(18,362)
(249,028)
(3,514)
-
(96,226)
-
(60,872)
(16,944)
(477,356)
(1,873,544)		 Transfers
in/out
£
(432)
-
-
-
-
-
-
-
-
432
-
-
-
53,317
-
35,211
-
88,528
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
35,967		 Balance at
31 March
2024
£
341
362
(1,823)
878
233
27
5,300
(4)
(1,044)
3,834
6,625
606
18,134
17,521
67
89,027
-
140,084
2,352,135

Page 36

Care for the Carers

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

17. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
Designated
funds
Staffing Reserve
New Services for
Carers
Reserve
Capital Reserve
Digital Carer
Support
Reserve
General funds
General Funds
Total
Unrestricted
funds		 Balance at
1 April 2022
£
69,500
210,612
1,477,885
100,000
1,857,997
356,492
2,214,489		 Income
£
-
-
-
-
-
1,055,496
-		 Expenditure
£
-
-
-
-
-
(898,967)
(898,967)		 Transfers
in/out
£
132,197
-
-
100,000
232,197
(251,336)
(19,139)		 Gains/
(Losses)
£
-
-
(37,277)
-
(37,277)
-
(37,277)		 Balance at
31 March
2023
£
201,697
210,612
1,440,608
200,000
2,052,917
261,685
2,314,602

Page 37

Care for the Carers (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

17. Statement of funds (continued)

Restricted
funds
Making Carers
Count
Young Adult
Carers
Carers Card
Carers Grant
Rother Dementia
Lunch Club
Small Grant for
Carers
Health
Appointment
Respite Grants
Parent Carers
Artist in
residence
Access to work
Activities Project
Dementia Group
ESCC Small
grants
Sussex digital
hub
Young carers
Volunteering
Big Lottery
Total of funds		 Balance at
1 April 2022
£
3,479
4,708
396
600
878
233
(10)
1,635
-
-
3,521
3,227
-
18,134
28,440
67
79,476
144,784
2,359,273		 Income
£
14,970
-
2,379
21,954
-
1,000
1,338
-
-
2,996
17,768
-
241,406
-
32,088
-
59,866
395,765
395,765		 Expenditure
£
(9,655)
(4,118)
(2,258)
(22,200)
-
(1,000)
(1,301)
(1,635)
(1,462)
(2,996)
(10,403)
(3,227)
(241,406)
-
(61,876)
-
(106,118)
(469,655)
(1,368,622)		 Transfers
in/out
£
(8,794)
-
-
-
-
-
-
-
1,462
-
-
-
-
-
26,471
-
-
19,139
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(37,277)		 Balance at
31 March
2023
£
-
590
517
354
878
233
27
-
-
-
10,886
-
-
18,134
25,123
67
33,224
90,033
2,404,635

Page 38

Care for the Carers (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

17. Statement of funds (continued)

Designated Funds

Staffing Reserve - Funds which have been set aside to support the expected increase to salaries, and to support staff development and training.

New Services for Carers Reserve (previously called Sustainable Development of Non-Statutory Services Reserve) – Funds which have been set aside to enable development of new services to support carers, in line with carers’ feedback and responding to identified gaps locally.

Capital Reserve (previously called Capital Fund Reserve) – Funds initially received from Catharine House Trust, which has been set aside to enable the charity to explore purchasing a property to serve as a central Carers Centre, enabling us to further grow face to face carers’ services and provide a central location for carers to come together and for partner organisations to co-site with us.

Digital Carer Support Reserve (previously called Sustainable Development of Digital Reserves) – Funds to support developing new ways of supporting and identifying carers through digital technologies and to development the charity’s systems and processes to enable us to support more carers and to enhance the quality of our services.

Restricted Funds

Young Adult Carers - Donations from various donors to enable Young Adult Carers to get together and engage in a range of activities.

Carers Card - A grant from the local authority to finance the production and distribution of the Care for the Carers 'Carers Card'.

Carers Grants - on receipt of an awarding notice from the funding body, Care for the Carers releases the grant to the Carer to avoid any additional delay for the Carer in receiving their grant. Care for the Carers receives the actual grant monies approximately 10 days later and this process can lead to a negative balance showing on the fund however, by the end of month 1 in the following financial year the negative balance would have cleared.

Rother Dementia Lunch Club - Donations from various donors towards a lunch club held for carers and those they care for with dementia, and administered by Care for the Carers.

Small Grants for Carers - A grant from the local authority which supports set up costs for new groups that directly benefit carers and helps established groups to develop their offer.

Activities Project - Grants and donations from various funders and donors to enable an Activities Facilitator to organise activities for carers all over East Sussex.

Social Opportunities for Older Carers - Funding from the Ex Pat Foundation to provide social activities for older carers.

Health Appointment Respite Grants - A Grant from the local authority which allows carers to access respite to enable them to attend healthcare appointments,training courses or engagement opportunities.

Dementia Groups - Grant from Ernest Kleinwort Charitable Trust and supplemented with Tesco Bags of Help grants to enable carer groups and activities supporting carers of people with dementia.

Parent Carers - Funding from East Sussex County Council to deliver four 6-week wellbeing courses to promote carer wellbeing and resilience.

Page 39

Care for the Carers (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

17. Statement of funds (continued)

Artist in Residence - Additional funding from various funders to enable carers to reflect on their caring role and share their experiences of caring and tap into their creativity through photography workshops and exhibitions of their work.

Access to Work - Care for the Carers purchases the recommended equipment to support staff and then reclaims the amount from the DWP. A negative balance has arisen as we are awaiting confirmation of reimbursement following a purchase of equipment. The reimbursement was actually received in full in the first quarter of 2024/25.

Volunteering - Funding to enable development of our volunteering programme and embed volunteering across the whole organisation.

Big Lottery (Local Carers Centres) - Grant from Big Lottery to enable two additional local carers centres to be opened in Hastings and Uckfield areas. These centres will enable us to reach and support more unpaid carers and also build and strengthen local partnerships so we can work in a more community focused, localised way.

Making Carers Count - This project is led by our partners, Carers Support West Sussex and funded by Carers Trust. The project is delivered by the existing Sussex Carers Partnership which includes Carers Support West Sussex, The Carer Centre Brighton and Hove and Care for the Carers. The aim of this project is to focus on deprived areas, with a higher concentration of diverse ethnic groups, to enhance the current engagement offer and support partnering organisations to create a consistent approach to working with ethnic minority communities across Sussex.

ESCC Small Grants – A local authority grant to enable funding to partner organisations to support delivery of their Carer focused services

NHS Health Inequalities – Funding received to develop or expand sustainable mechanisms for reaching and hearing from most marginalised groups and communities, giving insight into how to reduce health inequalities between the most and least deprived communities.

Sussex Digital Hub – Grant received to scope, explore and plan support services for Carers and their local system with a digital emphasis.

Young Carers – Donations and Grants from various funders and donors to support our Young Carers Service to provide monthly clubs and holiday activities for Young Carers.

18. Summary of funds

Summary of funds - current year

Designated
funds
General funds
Restricted funds		 Balance at 1
April 2023
£
2,052,917
261,685
90,033
2,404,635		 Income
£
-
1,346,198
438,879
1,785,077		 Expenditure
£
(18,437)
(1,377,751)
(477,356)
(1,873,544)		 Transfers
in/out
£
(125,736)
37,208
88,528
-		 Gains/
(Losses)
£
35,967
-
-
35,967		 Balance at
31 March
2024
£
1,944,711
267,340
140,084
2,352,135

Page 40

Care for the Carers (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

18. Summary of funds (continued)

Summary of funds - prior year

Designated
funds
General funds
Restricted funds		 Balance at
1 April 2022
£
1,857,997
356,492
144,784
2,359,273		 Income
£
-
1,055,496
395,765
1,451,261		 Expenditure
£
-
(898,967)
(469,655)
(1,368,622)		 Transfers
in/out
£
232,197
(251,336)
19,139
-		 Gains/
(Losses)
£
(37,277)
-
-
(37,277)		 Balance at
31 March
2023
£
2,052,917
261,685
90,033
2,404,635

19. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Restricted
funds
2024
Unrestricted
funds
2024
£
£
-
23,456
-
1,476,575
140,084
805,374
-
(93,354)
140,084
2,212,051		 Total
funds
2024
£
23,456
1,476,575
945,458
(93,354)
2,352,135

Analysis of net assets between funds - prior period

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Restricted
funds
2023
£
-
-
90,033
-
90,033		 Unrestricted
funds
2023
£
17,665
1,440,608
1,178,247
(321,918)
2,314,602		 Total
funds
2023
£
17,665
1,440,608
1,268,280
(321,918)
2,404,635

Page 41

Care for the Carers (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

20. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the period (as per Statement
Activities)
Adjustments for:
Depreciation charges
Loss/(Gain) on investments
Dividends, interests and rents from investments
Decrease/(increase) in debtors
Increase in creditors
Net cash provided by/(used in) operating activities
21.
Analysis of cash and cash equivalents
Cash in hand
Cash on notice
Total cash and cash equivalents
22.
Analysis of changes in net debt
Cash at bank and in hand
Liquid investments		 of Financial
At 1 April
2023
£
710,376
174,961
885,337		 2024
£
(52,500)
14,766
(35,967)
(70,417)
233,667
(228,564)
(139,015)
2024
£
423,621
372,561
796,182
Cash flows
£
(286,754)
197,600
(89,154)		 2023
£
45,362
9,035
37,277
(56,454)
(146,191)
112,275
1,304
2023
£
627,530
257,807
885,337
At 31 March
2024
£
423,622
372,561
796,183

Page 42

Care for the Carers (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

23. Pension commitments

The charity operates one defined contribution scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charity contributes a specified percentage of payroll costs to the retirement benefit scheme to fund the benefits. The only obligation of the charity with respect to the scheme is to make the specified contributions.

The charge to the statement of financial activities in respect of the defined contribution scheme was £20,405 (2023: £15,686). At the 31 March 2024 the amount outstanding in relation to pension contributions was £5,260 (2023: £4,110).

24. Operating lease commitments

At 31 March 2024 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2024
£
34,680
46,985
81,665		 2023
£
4,428
6,035
10,463

25. Related party transactions

There were no disclosable related party transactions during the year (2023: none).

Key management personnel comprises of the Chief Executive Officer, the Head of Services, the Head of Communities and the Head of Resources in the financial year ended 31 March 2024. In the prior year key management personnel comprised of the Chief Executive Officer, the Head of Services and the Head of Resources. The remuneration of key management personnel is as follows:

Aggregate compensation £195,229 (2023: £153,924)

Page 43