Company registrdtion number: 3709684 Charity registration number: 1075801 Carers, Support (Bexley) (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended i l March 2024
Carers, Support (Bexley) Contents Reference and Adminlstrative Delails Trustees, Report 2to6 Independent Examine¢s Report Statement of Financial Activities 8t09 Balance Sheet io Statement of Cash Flows Notes to the Financial Statements 12to23
Carers, Support (Bexley) Reference and Administrative Details Trustees Timothy Delee EIAsabeth Peichey Iris Benjafield Nicola Fry Mary Phillips Victoria Wilkinson Secretary Senior Management Team Victoria Wilkinson, CEO Charity Registration Iyumber 1075801 Company Registration Number 3709684 Registered Olee Wolsley House 64 Wolsley Close Crayford Kent DA14BE Independent Exatniner John O'Brien. employee of Community Accounting Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL Page I
Carers, Support (Bexley) Trustees, Report The trustee5, who are director5 for the PUTPOSe5 of company law. present the annual report together with the financial statements of the charitable company lor the year ended 31 March 2024. Trustees and officers The trustees and officers serving during the year and since the year end were as follows.. Tnte¢S.. Timothy Delee Elisabeth Petchey Iris Benjafield Nicola Fry Sheryl Chappell (resigned 27 Novetnber 2023) Mary Phillips Secretary: Victoria Wilkinson Structure, governance and management Nature ofgoverning documenl The charity is a company limited by guardntee and registered charity. It is operated under the rules of its memorandum and articles of association dated 81211999. most recently amended 2410912001. It has no share capital and the liability of each member in the event of winding-up is limited to £ l. Recruitmelll and appointmenl of Iruslees We appoint Trustees through a programme of local advertising and recruitment, where we utilise local communication channels and partners, such as our local Council for Volunlary Services and carers groups. We advertise the skills and requirements needed to enhance the Board and the Trustee Board then review's applications. Shortlisted applicants have the opportunity to observe a Trustee Board meeting, ask infornial question5 prior to an interview with Trustee members and appointment. Objectives and activities Objects ond To relieve physical: mental and material distress amongst the carers of persons who are frail, elderly, disabled, or adults and children with special needs who live in the London Borough of Bexley and Ro>'al Borough of Greenwich by providin£ flexible home-based respite care. support and infonnation for such carers to assist the carers and their dependants. Objective5, slrategies and activitie5 We have a team of trained staff and volunleers who provide a wide range of infonnation: suppor¢ respite services and counselling to local adult carers residing An the Bexley and Greenwich boroughs. Page 2
Carers, Support (Bexley) Trustees, Report Public benefil Our main activities benefit carers and the people that they care for by relieving carers isolation, m&ximising income and improving health and M'ellbeing. The trustees confimi that they have complied '1th the qUirements of section 17 of the Charities Act 201 I to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Aehievements and performaDce Carers Support (Bexley) continues to be busy. and increasingly we are Seeing w7iting list5 for our services as demand continues to grow. This year, Bexley and Greenwich. we have provided over 2500 visits and breaks to carers and their loved ones through our Respite service, provided by our international volunteers. This has been a remarkable year for the respite service thanks io our incredible team of overseas volunteers. They have generously dedicated up to 12 months of their time and demonstrated univavering commitment and resilience. Despite the demanding and emotional challenges of the role, they consistently rise to the occasion with r¢markable strength. We are continually impressed by our voluntee, many of whom complete an intensive induction despite English being their second language. We ensure the respite volunteers have well-deserved time off, and they certainly make the most of i( exploring the UK and Europe more than most of us! Carers benefit from our service: gaining peace of mind knowing their loved ones are in safe and compassionate hands. Volunteers, in turn, forni strong bonds with their clients and lifelong friendships with fellow volunteers. Our volunteers are a true credit to both our organisation and their families. It's a privilege to support and see them grow. Throu(F .h their dedication. we continue to make a meaningtul impact on the lives of our clients. Our Inforniation and Support team have had over 4000 interactions with carers providing a vast breadth of support including 'elfare benefits advice, support "1th blue bad. ue application5 and in-depth guidance and information. Our free coun5elling service has hosted 8 trainee counsellors who have provided 464 sessions of l-l professional counselling io Carers. Our comprehensive group programme remains supportive. fun and led by what carers ask for. We hosted 208 support group sessions this year, including a new monthly lunch club launched in February. Funded by the UK Govemment, the Household Carers Support Gran( supports those most in need of help with significantly rising living costs. We were delighted io be work in partnership with the Local Authority once again to facilitate the disseminalion of the Household Carers Support Grants io unpaid carers living in the Borough. We distributed £84,200 worth of small grnnts to carers and the Feedback showed that this support had a significant positive impact. Our One Bexley Pathways Trusted Assessors offer support to carers and loved ones to undertake statutory carer and care needs assessments which, for example, consider how a caring role impacts on your health and wellbeing and w'hat support a carer is interested in. It looks at w'hat a carer wants to do outside of a caring role. how caring affects this and what help is needed to achieve this. Our Trusted Assessors have completed 5 Assistive Technolo Assessments, 47 Carers, Assessments, 46 Single Assessments, 64 Care Plan Reviews. 7 Carers, Reviews and more helping carers and residents access vital services and support.
Carers, Support (Bexley) Trustees, Report Ln December 2023, we made a significant change to our chargeable Support Worker Service, which 15 a lifeline for many unpaid carers in Bexley. Our vision ivas to offer a more consistent and reliable Service. giving carers the essential break they need while ensuring that clients continue to get regular 5UPPOrt. The new model was designed to better meet the needs of both our clients and carers by providin? steady, unintemipted care. As part of the new model all our Support Workers are now pernianent. salaTied staff (as opposed to being on "bank" contracts). As well as working with clients they undertake administrative tasks associated with the service. This change has helped them become more integrated into the wider staff team and provides them with more financial se¢urity- As a Support Worker at Carers Support (Bexley). l enjoy meeting people in different situations and providing consistent, weeLly support, which can be long terni, if needed. My aim is to get to knoiv the person l am working with and establish how best I can support. within my role. Building connection is important to me. so I often use different activities to help with that. especially when working Thith someone with dementia. These activities include crossm'ords, singing, creative art and pu721es. l also accompany clients to appointments and outings. Supporting emotional w'ellbeing is a key part of what I do. and I make sure to show value and listen actively to the people I work with. Feedback from our volunteers and carers Resplte Volunteers "Volunteering is an amazing opportunity to help, travel. meet new cultures. share with people. I have grown as a person. that wa5 one of my objectives" One volunteer said one of the reasons they volUnteed was to "help people, be part of the change" "The project is an amazing opportunity to be a volunteer, we are really comfortable in the accommodations, the families are amazing and teach us many things" Carers and their families "Thanks for all your help throughout the year. Always the heroes when needed. Thank you!" Mary told us she was delighted thal she had made the phone call to us and could not believe that she had been offered so much support from one charity. "The project gave me the opportunity to rediscover myself as a person and how far my limits can go. It also gave me new friends who speak another language and that will help me in the future." "Thank you so much for all your support in 202J. You are both so dear and appreciated by us." Page 4
Carers, Support (Bexley) Trustees, Report Financial review The trustees agree an annual budget and receive quarterly income and expenditure reports for monitoring purposes. The financial position of the charity at ) l March 2024 and comparatives for the prior period can be summarised as folloM's:_ 2024 202) Total income 809,665 72),855 669.594 627,187 Total expenditure Net income 85,910 716,48J 42,407 674.076 Total funds brought fonvard Total funds carried forward 80?,29) 716,483 The trustees had budgeted for a deficit of £57,700 in 202J124 and had intended to fund certain activities from reserves. HO.ever, the Charity received an unexpecled bequest of £128.000 in July 202J, for which it is very grateful. The position was further improved by other additional income, resulting in a surplus for the year of £85,910. The trustees have decided to use the bequest towards the Purchase of a property to house some of the international volunteers instead of renting accommodation for them. The Charity's funds are invested acr055 a number of banks to get the best return POS5ible and to minirnise risk. Policy on reserves The trustees of the Charity review the risk5 that the organisation is exposed to and ensure that reserves are sufficient to cover eventualities. Designated funds set aside for future use are as follows.. £220.000 for house purchase, £70.000 for staff redundancies. £9.000 for Respite accommodation repair and maintenance. The trustees aim to maintain UnstrICted reserves at a level to cover at least 12 months operating costs to ensure that siipport for service users is able to continue in the event of a loss of funding and that staff notice periods and redundancy payments can be covered in the event of winding up the organisation. Slnall companie5 proi'ision statelnent This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Page 5
Carers, Support (Bexley) Trn5tees' Report St2tement of Responsibiliti¢5 The IrustX5 (who are also the directors of CaTers' SuptK)rt (Bexley) for th¢ purposes of company law) are responsible for preparlng the trustees, report and the financial statements in accordance with applicable law and United Kin8doJn Accounting sLdards IUnit¢d Kingdom Genernlly Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable Fn the UK and Republic of Ireland.. The Teport account8 have been prepared in accordance with thc provisions in the Companies Act 2006 relating lo small companie5. Company law requires the trustee5 to ppare financial ststements for eath fJnanGiaJ year. Under cotDpaDy law the trustees must not approve the financial statements unless they are satisficd that they give a true and fair view of the sÉate of affair5 of the cbaritable company 8nd of the incoming re50urces and appIltion of resources. including its income and cxpenditur4 of the charitable cornpany for that perio(L In preparing these financial statements, th¢ trustee$ are requÈred to: select suitable accounting policies and apply them consistently: observe the methods and principles in the Charities SOIiP" make judgements and estimates that are reasonable and pnKlenL' state whether applicable accounting standard5. comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the finamci&l slatements. 8nd prepar¢ the financial ststements on the going concern ba8is unles5 it is inappropriate to presume that the charitable company will continue in busIns. The truslees are responsible for kecping proper a¢unting records thal disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with th¢ Compani¢5 2006. They are 3150 responsible for 5afeguardin8 the assets of the charitable company and henG¢ for taknng rOnable stq)5 for the prevention and detection of fraud and other irregUllties. Th¢ trust¢es are r¢sponsible for the maintenance 2nd integrlty of the coryorate and financial tnform&tion included on the charitable company's web5Lk L¢gislation gov¢rning the ptwaTation and dissemination of fmancial statements may differ from legislation in other jurisdictions. The annuaI report was appmved by the trtea$ of the charity on .1.6/1.Q2Aand signed on its bBhalf by: Nicola Fry Trustee Page 6
Carers, Support (Bexley) Independent Examiner's Report to the trustees of Carers, Support (Bexley) ('the Company,) Independent exalniner's report to the trustees of Carcrs, Support (Bexley) ('the Company,) I report to the charity trustees on my examinaiion of the accounts of the company lor the year ended J l March 2024. Re5ponsibilitie5 and basis of report As the charity's trustees of the Company (and also its directors for the purposes of Company law) you are responsible for the preparation of the accounts in accordance with the requiremenls of the Companies Act 2006 ('the 2006 Act ). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination: I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (-'the 2011 Act,). In carrving out my examination I have follom'ed the Directions given by the Charity Conunission under section 145(5)(b) of the 2011 Act. Independent examiner's Statement Since the Company's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. l confirm that l am qualified lo undertak.e the examination because l am a member and Fellow of the Association of Charity Independeni Examine. whi¢h is one of the listed bodies. I have completed my examinaiion. I confim) thai no matters have come to my attention in conne¢tion with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Company as required by section )86 of the 2006 Act; or 2. the accounts do not accord with those records- or the accounts do not comply with the accounting requirements of section i96 of the 2006 Act other than any requirement that the accounts give a 'trne and fail view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recotnmend¢d Practice for accounting and reporting by charities [applicable to charitles preparing their accounts in accordance with the Financial Reponing Sthndard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. John O'Brien MSC, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners Units l & 2 North West 41 Talbot Street Nottinu NGI 5GL 1711212024 Page 7
Carers, Support (Bexley) Statement of Financial Activities for the Year Ended 11 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted runds Total 2024 Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Investment income 485,927 142,226 21,455 485,927 J02,283 21,455 348,896 315,682 5,016 160,057 Total income 649,608 160,057 809,665 669,594 Expenditure on: Charitable activities (564,755) (159.100) (72J,855) (627,187) Total expenditure (564.755) (159.100) (72J,855) (627,187) Net income 957 85,810 42,407 Net movement in funds 84.853 957 85,810 42,407 Reconciliation or funds Total funds brought fonvard 716,48J 716,48J 674,076 Total funds carried fonvard 801,3J6 957 80?,29J 716,483 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note l J. The notes on pages 12 to 2) form an integral part of these financial statements. Page 8
Carers, Support (Bexley) Statement of Financial Activities for the Year Ended 11 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) These are the figures for the previous accounting period and are included for eomparative purposes Unrestricted Restricted Total funds funds 2023 Note Income and Endowmenls from: Donations and legacies Charitable activities Investment income )48,896 141,3)7 5,016 J48,896 J15,682 5,016 174,345 Total income 495 ?49 174,345 669,594 Expenditure on: Charitable activities (444.105) (183.082) (627.187) Total expenditure (444,105) (183,082) (627,187) Net in¢omel(expenditure) 51,144 (8,737) 42,407 Net movement in funds 51.144 (8,737) 42,407 Reconciliation of funds Total funds brought forward 665,339 8,737 674,076 Total funds carried fonvard 716,48) 716,483 The notes on pages 12 to 2) form an integral part of these financial statements. Page 9
Carers. Support (Bexley) (Registration number: 3709684) Balance Sbeet as at 31 March 2024 Z024 2023 Note rixed a$$ets Tangible assets Current assets Debtors Cash atbank and in hand 3,854 602 io 14,225 796,674 29,600 700,052 810.899 729.652 Creditors: Amounts falling dlle within one yr 12 (12,460) 13,771) Net current assets 798,439 715,881 Net assets 802,293 716,483 Funds of the charity: Restri¢ted ineom¢ funds Restricted fidS 13 957 Unre$trict¢d illcome funds Unrestricted fimd5 801.336 716.483 Total fullds IJ 802.293 716,483 For the financial year ending 31 March 2024 the charity entitled to exemption from audit und¢r Section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The mernbtrs have not requlred the charity to obtain an audit of its accowits for the year in question ID accordance with section 476; and The directors acknowledge their responsibilities for complying with the Tequirements of the Act with respect to accounling records and the preparation of accounts. These financial statements hav¢ iKen prepared in accordance with the special provisions relating to companie5 subject to the small compani&s regime within Part 15 of the Comp3niu Act 2006. financial statements on pages 8 to 23 were approved by the trustees, and autborised for issue on sisned on their behalf by: Eli5ab¢th Petchey Trn5tee The notes on pages 12 to 23 forn] an integral part of these financial ststements. Page 10
Carers, Support (Bexley) Statement of Cash Flows for the Year Ended 31 March 2024 2024 2023 Note Cash flows from operaling activities Net cash income 85,810 42,407 Adjustments to cash fioils from non-cash items Depreciation Investment income 1,566 (21,455) 65,921 200 (5,016) 37,591 Working capital adjuslments Decrease in debtors (Decrease)lincrease in creditors Decrease in deferred income io 15.375 14,324 5,675 (156,087) 12 12 Net cash flows from operating activities 79,985 (98,497) Cash flows from investing activities Interest receivable and similar income Purchase of tangible fixed assets 21,455 (4,818) 5,016 Net cash flows from investing activities 5.016 Net increase/{decrease) in cash and cash equivalenls 96.622 {93,481) Cash and cash equivalents at l April 700,052 793,533 Cash and cash equivalents at ) l March 796,674 700,052 Reconciliation of net cash flow to movement in net funds Increase/{decrease) in cash 96,622 {93,481) Net funds at l April 202) 700,052 793,5J3 Net funds at J l March 2024 796,674 700,052 All of the cash flows are derived from continuing operations during the above two periods. The notes on pages 12 to 2) form an integral part of these financial statements. Pagell
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2024 l Accounting policie5 Sumtnary of significant accounting policies and key accounting estimates The principal accounting policie5 applied in the preparaiion of these financial statements are set out below. These policies have been con51Stently applied to all the years presente(L unless otherwise stated. Staten]ent of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charilies.. Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Carers, Support (Bexley) meets ihe definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or trdnsaciion value unless otherwise ststed in the relevant accounting policy notes. Going concern The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. Incon]e and endowments Voluntary income including donations. gifts. legacies and grants that provide core funding or are of a general nature is recognised w.hen the charity has entitlement io the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donations and legacies Donations are recognised 'hen the charit), has been noiified in ltIng of both the amount and settlement date. In th¢ cvent that a donation is subject to condition5 that tequiie a lev¢1 of p¢rforniaiice by the charit), befor¢ th¢ charity is entiiled to the funds, the income is delerred and not recognised until either those conditions are fully met, or the fuifilment of those Conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where perforn)ance conditions are attached to the grnnt and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Page 12
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2024 Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that agregate similar costs to ihat category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on ihe spread of staff costs. Charitable activilies Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Government grants Government grants are recognised based on the accrual tnodel and are measured at the fair value of the a55et received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is r¢cognis¢d as deferred income. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter ) Part I l of the Corporation Tax Act 201 O or Sectioii 256 of the Taxation of Chargeable Gains Act 1992. 10 the extent thai such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £ 1,000 or more are initially recorded at cost, less any subsequent accumulated depreclation and subsequent accumulated impainnent losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to WTite off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows= Asset class Furniture & equipment Depreciation method and rate Straight line 200/0 Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfonned in the ordinary course of business. Trade debtors are recognised initiall}, at the transactiOT] price. They are sub5equentl}' measured at amortised cost using the effective interest method: less provision for impairment. A provision for the inipaimient of trade debtors is established when there is objective evidevjce that the charity will not be able to collect all amounts due according to the original ternis olthe receivables. Page IJ
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2024 Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not haTre an unconditional right, at the end of the reporting period. to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilitie5. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Fund structure Unrestricted income funds are general funds that are available for use at the tnjstees, discretion in furtherance of the objective5 of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. Restricted income funds are those grdnls for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Pensions and other post relirement obligations The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all emploj'ees the benefits relating to employee service in the cuent and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution pavments exceed the contribution due for service, the excess is recognised as a prepayment. Page 14
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2024 2 Income from donations and legacie5 Unrestricted funds General Total 2024 Total 2023 Donations and legacies- Donations from individuals Grants, including capital grantS- Grants from public bodie5 Grants from other charities 141,950 141,950 19,037 227,6J9 116,iJ8 2?7,6)9 307,410 485,927 485,927 J48,896 3 Income from charilable aclii'ities Unrestricled funds General Reslricted funds Total 2024 Total 2023 £ (A5 restated) 141,3J7 174,345 Fees & support Grants & donations 160,057 160,057 Sundry i,180 142,226 160,057 J02,28J J15,682 4 Grants & donations Ullrestricted funds Restricted funds Total The London Borough of Beyley Royal Borough of Greenwich Alzheimer's Society (Bexley) William Kendall Individual bequest Greenm'ich &. Bexley Hospice Bexley Voluntary Service Council Sundry grants & donations 225,570 90,000 52,750 15,750 .557 315,570 52,750 15,750 1,557 128,028 114,3J8 2,000 15,991 128,028 114,3J8 2,000 15,991 485,927 160,057 645,984 Page 15
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2024 5 Investment income Unrestricted funds General Total 2024 Total 2023 Interest receivable and similar income- Interest receivable on bank deposits 21,455 21,455 5.016 6 Expendilure on charitable activities Unrestricted funds General Restricted rund5 Total 2024 Total 2023 £ (As restated) 263 12,367 2,603 9,476 1,140 5,492 14,192 Bank charges Communications Insurance IT costs OlCe supplies Legal & professional fees Activities & events Bad debts written off Equipment Grants to Carers Sundry Cleaning & hygiene Rent Repairs & maintenance Utilities Recruitment Secondment Travel & subsistence Volunteer expenses Salaries, NI & pension Depreciation i05 19.355 2,887 311 19,526 2,887 4.090 657 7,Oi9 ,524 10,520 8.563 13.997 1.218 11.721 84.200 4,020 1218 8,788 9,168 45,000 7,877 84,200 212 100 5.772 34,860 2,895 9,704 284 1,497 6,715 .497 10.981 590 10,428 ,542 42,495 463,380 1,566 4,266 2il 10,428 1.361 25,335 432,131 1.566 1,413 54,340 415,913 200 17.160 5fv1,755 159,100 723,855 627,187 Page 16
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2024 Unrestricted funds General Restricted funds Total 2023 £ (As restated) 263 12,367 2,60) 9,476 1,140 5,492 14,192 9,168 45,000 7,877 34,860 2,895 9,704 284 Bank charges Communications Insurance 12,367 2,60) 7,481 1.140 5,492 14.192 9.168 IT costs 1.995 Office supplies Legal & professional fees Activities & events Equipment Grants to Carers 45,000 Sundry Rent Repairs & maintenance Utilities Recruitment Travel & subsistence Volunteer expenses Salaries, Nl & pension Depreciation 7,877 29,089 2,558 7.312 284 5,771 1,413 54,340 415,913 200 27,170 315,496 200 27,170 100,417 444,105 183,082 627,187 7 Net incoming/outgoing resources Net incoming resources for the year include: 2024 2023 Depreciation of fixed assets 1,566 200 Page 17
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2024 8 Staff costs The aggregate payroll costs were as folloivs= 2024 2023 Staff costs during the year were: Wages and salaries Social security costs Pension costs 419,377 23,370 20,633 379,227 20,420 16,?66 463,380 415,913 The monthly average number of persons (including senior management team) employed by the charity during the y.ear w'as as follows= 2024 2023 Average number of employees 17 (202J 13) of the above employees participated in the Defjned Contribution Pension Schemes. Contributions to the employee pension 5cheme5 for the year totalled £20,633 (2023 - £16,266). No employee received emoluments of tnore than £60,000 during the year. The total employee benefits of the key managemevjt personnel of the charity were £61,871 {2023 - £65,077). Page 18
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2024 9 Tangible fixed a55ets Furniture and equipment Total Cost At l April 2023 Additions Diswsals 21,428 4.818 {21,428) 21,428 4,818 (21,428) At J l March 2024 4,818 4,818 Depreciation At l April 202J Charge for the year Eliminated on disposals 20,826 1,566 (21,428) 20,826 1,566 (21,428) At 31 March 2024 9fv1 9fv1 Net book value At J l March 2024 At 31 March 2023 602 602 10 Debtors 2023 2024 (A5 restated) 19,100 10,500 Trade debtors Accrued income 7,232 14.225 29,600 11 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 199 796,475 141 699,911 796,674 700,052 Page 19
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2024 12 Creditors: atnounts falling due within one year 2024 2023 Trade creditors Other taxation and social security Other creditors 348 7,617 4,495 1,656 6,651 5,4fv1 12,460 13,771 13 Funds Balance at 31 Mareh 2024 Balance at I April 2023 Incoming resources Resources expended Transfers Unrestricted funds General General fund 627,48) 649,608 (564,755) (210,000) 502,3J6 Designaled Reserves 89,000 ( i 0,000) 2?0,000 79,000 220,000 House Purchase 89,000 210,000 299,000 Total unrestricted funds 716.483 649,608 (564.755) 801,336 Restricted funds Greenwich Volcare Household Support Fund Alzheimer's Society William Kendall 52,750 90,000 15,750 1.557 {52,750) {90,000) {15,750) (600) 957 Total restricted funds 160,057 (159,100) 957 Total funds 716,483 809,665 (723.855) 802,293 Page 20
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2024 Balanee at 31 March 2023 £(A5 restated) Balance at I April 2022 Incoming re50urees Resources expended Transfers Unrestricled funds General General fund 616,3J9 495,249 (444,105) {40,000) 627,483 Designaled Reserves 49,000 40,000 89,000 Total unrestricted fund5 665,3)9 495,?49 (444.105) 716,483 Restricted Restricted activiiies (salaries) Greenwich Charitable Trust Mercers Trustee Greenwich Volcare Household Support Fund William Kendall 75,600 {75,600) (6,237) (2,500) (46,750) (50.000) (1.995) 6,2i7 2,500 46,750 50.000 1.995 Total restricted funds 174,345 (183.082) Total funds 674,076 669,594 (627,187) 716,483 The specific purposes for which the fund5 are to be applied are as folloii's- Greenwich Volcare - funding for the Volcare service enabling full time volunteers to provide break's for unpaid carers. Household Support Fund - a small grant for unpaid carers to assist with the cost-of-living pressures. Alzheimer's Society - 2 activity groups per week for people with dementia to attend with their Carer. I x singing group per week. I x monthly support group for Carers of people with dementia. • A drop inlcafe once a week (Wolsley House). William Kendall - to contribute to the implemenlation of a new Customer Relationship Management (CRM) system. Page21
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2024 14 Analysis of net assets between fund5 Unrestricted 2024 Total funds General Designated Restricted Tanoible fixed assets Current assets Current liabilities 3.854 510,942 {1 ?,460) 3,854 810,899 {1?,460) 299,000 957 Total net assets 50?,JJ6 299,000 957 802,293 Total funds at 31 March 2023 Unrestricted funds General Designaled Tanoible fixed assets Current assets Current liabilities 602 fv10.652 (13,771) 602 729,652 (13,771 89,000 Total net assets 627,48) 89,000 716,483 15 Fees payable to independent examiner During the period, the fees payable (excluding VAT) to the charity's independent examiner Comrnunity Accounting Plus are analysed as follo's- 2024 2023 Independent examination Other financial services 1,510 480 1,365 1,990 1,365 Page 22
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2024 16 Taxation The charity is a registered charity and is therefore exempt from taxation. 17 Trustees remuneration and expenses During the year the charity made the folloii'ing trnnsactions with tru5tees- Elisabeth Petchey £43 (2023: £Nil) of expenses were reimbursed to Elisabeth Pelchey during the year. This remuneration relate5 to expenses incurred in their Tole as an Information and Support Service volunteer (not as a Trustee). Timothy Delee £14 (202J £Nil) of expenses were reimbursed to Timothy Delee during the year. This remuneration relates to expenses incurred in their role as an Infonnation and Support Service volunteer (not as a Trustee). No trustees. nor any person5 covinected with them, have received any remuneration from the charity during the year. No trustees have received any other benefits from the charity during the year. 18 Related party transactions There were no related party transactions in the year. Page 2J