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 2025
Carers, Support (Bexley) Contents Reference and Adminlstrative Delails Trustees, Report 2to7 Independent Examine¢s Report Statement of Financial Activities 9tolO Balance Sheet 11 to 12 Statement of Cash Flows Notes to the Financial Statements 14to26
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 Eva Stevens, 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 2025. 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 Mary Phillip5 Secretary= Victoria Wilkinson Structure, governance and management Nalure ofgoverning documenl The charity is a company limited by guarantee and registered charity. It is operaied under the rules of ils memorandum and articles of association dated 81211999. most recently amended 241 091?001. It has iio share capital and the liability of each member in the event of winding-up is limited to £ l. Recruilmenl and appoinlmenl of Iruslee5 We appoint Trustees through a programme ol local advertising and recruitment, where we utilise local communication channels and partners. such as our local Council for Voluntary Services and carers groups. We advertise the skills and requirements needed to enhance the Board and the Trustee Board then reviews applications. Shortlisted applicants have the opportunity to observe a Trustee Board meeting, ask inforn]al questions prior to an interview with Trustee Membe and appoinlment. Objeclives and activities Objects and oints 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 Rojal Borough of Greenwich by providing flexible home-based respite care, support and infonnation for such carers to assist the carers and their dependants. Objectives, strategi and aclivilies We have a team of trained staff and volunteers who provide a wide range of inforniation, suppor¢ respite services and counselling to local adult carers residing in 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 M'ith 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 Overview and Strategic Engagement Carers Support {Bexley) continues to champion the rights of unpaid carers across Bexley. Our influence extends beyond direct services we actively shape local sirategy through participalion on key boards and forLllns, including as CIFChair of the Carers Partnership and member of the Bexley Adult Safeguarding Board. This work has resulted in stronger cross-seclor collaboration. increased recognition of carers, roles, and improved policies that place carers at the heart of health and social care decision-making. Summary of Support Provided Infonnation & Support Service We offer accessible, friendly guidance to unpaid carers at any stage. This includes specialist welfare benefit advice and help completing claim fonns for PIP. Attendance AlloM.'ance. Carer's Allowance, Universal Credit and more. We hold the Advice Quality Standard accreditation and. as an approved alternative oifice, can submit benefit claims directly, reducing delays and improving carers, financial security. Counselling Our counselling service benefits from a dedicated administrator Coordinates assessments and vnatching, ensuring carers access timely, confidential support. In 2024125. 686 Household Support Grants were distributed, totalling £112,000. Carers reported improved coping skills. reduced isolation, and enhanced confidence. Targeted Outreach & Community Engagement We prioritise finding and supporting carers who mighi othenvise remain hidden. Our outreach work included attending community events such as Carers Week, Lark in the Park, Thamesmead Festival, South Asian Heritage events and safeguarding forums. We also hosied a General Election Hustings with B¢xl¢y Mencap and worked to tackle barriers in Blue Badge and Freedom Pass applications. Key Service Highlights Independent Living Scheme ILS supports carers managing Direct Payments and Individual Budgets with free advice on budget managemenL payroll and emplo)'ment responsibilities. Direct interventions, such as securing charitable grants for essential items, have significantly improved carers, wellbeing. Resplte Service Our funded volunteer-led respite service offers carers essential breaks while providing companionship at home for their loved ones. In 2024125 w.e purchased a property to house volunteers. safeguarding this service. Recent surveys show 8) /0 rated il Excelleni, 170/0 Very Good.
Carers, Support (Bexley) Trustees, Report Groups & Social Support We run support groups. outings and events. reducing isolation and 5trenutheniT]g peer support. Examples include cinema trips, afternoon teas, pantomimes. and guest W0shops. The year-round programme of support groups. social events and days out Offe unpaid carers a vital lifeline. These groups provide a safe space to connect. share experiences and access practical advice and emotional supp)rt. Carers build lasting friendships and gain strength Irom a supportive community. Our social events and outings give carers a mu¢h-needed break. helpino them recharge and reiurn to their roles feeling refreshe(L valued and better equipped to care for their loved ones. Support Worker Service Our Support Worker Service is our only paid for service. It continues to support local families, offering a break for carers. Our experienced Support Worker team are fully integrated into the charity and offer a high quality, compassionate and supportive service w'hich can include companionship, trips out and assistance. One Bexley Pathway5 Carers Support are one of 8 local charities who have come together to forni a partnership called One Bexley who carry out Social Care Needs & Carers Assessmenls on behalf of the London Borough of Bexley. Trained and highly skilled Trusted A55essors carry out these assessments 5UPPOrting local people througth the assessment and exploring support options. Examples of Our Impact Carers such as Li4 Julie, and Clive have shared how our support transfomled their confidence and wellbeing. Household grants have kept families warni and fe(L while respite visits have given carers essential time to care for th¢ms¢lves. Carers support had a huge positive impact on my caring role. providing free counselling sessions and emotional support. The pressure and emotional aspecls of caring for someone with dementia are immense, and the support given is invaluable. I went from confusion and anxiety to feeling fully supported, both practically and emotionally. I want to say a massive thank you to Carers support for all that they do, all the groups that they run (mum absolutely loves the singing group!), and to all the staff that give so much to those who need them." Investing in Quality & Our Team We've strengthened infrastructure wilh QuickBooks. Bright HR, BrightPay, and Croner HR support. Staff and volunteers accessed extensive training, and One Page Profiles build trust between carers and volunteers. Looking Ahead Our online presence and bi-monthly e-bulletins keep carers conv]ected and informed. We remain dedicated to ensuring carers in Bexley are recognised: supported: and never alone. We are absolutely thrilled to share a landmark achievement for Carers, Support (Bexley) - one that reflects the incredible dedication, perseverance, and hard work of our team. Through an incredibly generous bequest from a fomler Respite clienL whose life was touched by the care and compassion of our respite volunteers over many yea, we have successfully purchased a dedicated property for our Respite volunteers to live in whilst on their placements with us. is a tn]ly transforniative milestone. Page 4
Carers, Support (Bexley) Trustees, Report When we received notice that the house we had long been renting from Penge Housing Association would be repurposed for family accommodation. OUT much-valued Respite service faced an uncertain fijture. But instead of stepping back. we stepped up -turning a potential Setback into an opportunity for lasting security and growth. The journey to acquire a new property was a nine-month endeavour, driven by the tenacity and heart of our team. After an extensive search for suitable homes, we became aware that a fonner client someone who had also been supported by our respite volunteers 'as in the process of selling their house. With great care and consideration, we explored the opportunity and it soon became clear that this property would be the perfect fit for our needs. It felt particularly meaningful to purchase a home that had already been connected to our work and values. Financial rei'iew 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 2025 and comparatives for the prior period can be summarised as follows.'_ 2025 2024 Total income 635,066 7?1,158 809,665 72J.855 Total expenditure Net income (86,092) 802,29J 85,810 716,48) Total funds brought forward Total funds carried forward 716,201 802,293 The trustees had budgeted for a deficit of £75,346 in 2024125 and had agreed to fund certain activities frorn reserves. Some costs were higher than anticipated such as salaries, to enable new grdnts to be administered. This resulted in a deficit for the year of £86,092. Income for 2024 was unusually high as it included a bequest of £130.000. A significant event was the purchase of a property at a cost of £455,000 to house some of the intemational volunteers, which finall}, took place in March 25. Legal fees, surveyor s fees, mortuage arrangement fee added a further £13,272 10 the total cost. The pllr¢hase was funded by the bequesl of £130,000. a mortgage of £250,000 and the balance from ihe Charity's Omry) funds. The Charity's funds are invested across a number of banks to get the best return possible and to minimise risk and now stand at £494,867 (2024.. £796,674). Page 5
Carers, Support (Bexley) Trustees, Report Policy on resenys The trustees of the Charily review" the risks that the organisation is exposed to and ensure that reserves are sufficient to cover eventualiiies. Designated funds sel aside for tUre use are as follows.. £70,000 for staff redundancies, £9,000 for Respite accommodation repair and maintenance. The trustees aim to maintain unrestricted reserves at a level to cover at least l ? months operating costs to ensure that support 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 'indIng up the organisation. Sm211 companies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Page 6
CareTh' Support (Bexley) Trustees, Report Statement of Respoll$lbilit*s The trustees (who are also the diTe¢tOTS of C8Ters' Support (Bexley) for the pun)oses of mPAnY l&w) are rcsponsiblc for prCp1ng thc tstC¢s, report and thc fancial statcmcnts in awJrd¥llcc wtth applicabl¢ law and United Killgdorn Accowiting Stsndards (United Kingdom Generally Accepted Accounting Practice), includiDg FRS 102 "The Financial R¢porting Sianthxd applic8bl¢ in the UK and Republi¢ of Tr¢Land" The report and accounts hav¢ been prepared in arda1C with the provisions in the Companies Act 2006 relating lo small companies. Company law requires tbe trSteeS to prepare fillcial s1llents for each financial year. Under company law the teeS must not approve th¢ financial statements unless they are satisfied that tbey give a trne 2nd fair view of the state of affairs of the ch8Jitsble company and of the inci)ming resources and application of resources, including its income and expenditure. of the charitable company for that perio(L In prepartng these finyncia] slatements, the trwstees are required to: select Suitable aCcotillg policies and apply them con5i5tentiy? obserye the method5 and principles in the (Jwiu&% SORP" make judgements and estimates that are reasonable and prudent; state whether applicable accounting statthd8. rA)mprising FRS 102 have been followe(L subject to any material departi]res disclosed and explained in the financial ststements. and prepare the financial statements on the going concern b&sis unles5 it is inappropriatc to presume that the charitable company will continue in busines The truste¢$ ar¢ Te5ponsible lor kwing proper accounting r¢¢oTds Can disclose with reasonabl¢ accura¢y at any lime the financial position of the charitsble company and enable the to en5Ute that the f]nancial sements cotnply with the Q)rnpanies Act 200& They are also Toponsible for safeguarding the &ssets of fhe charitable cornpany and hence for taknng reasoDabl¢ steps for the pVention and detection of fraud and other irregularitie5. The trustees are responsible for the m8intenaDCe and integrity of the corporate and fmancial information included on the ch3ritable company's websit& Legislation governing the preparation and dissemination of financial statements tnay differ from legislation in other jurisdictions. The amiual report was apptoved by the trusiees of the charity on d signed on its behalf by: icola Fry Trust¢¢ Page 7
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 examination of the accounis of ihe company lor the year ended J l March 2025. 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 Commission 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 201 l Act. l confirm that l am qualified to undertake the examination because l ain a member of the Chartered Instilule of Public Finance and Accountancy (CIPFA), h1¢h is one ofthe 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 J96 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 Recommended Practice for accounting and reporting by charities [applicable to charitles preparing their accounts in a¢¢ordan¢e 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 drawm in thi5 report in order to enable a proper understanding of the accounts to be reached. Eva )ievens, B)c, LPkA, emplo)'ee of Community Accounting Plus member of the Chartered Institute of Public Finance and Accountancy (CIPFA) Units l & 2 North West 41 Talbot Street Nottinu NGI 5GL 0811212025 Page 8
Carers, Support (Bexley) Statement of Financial Activities for the Year Ended 11 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted runds Total 2025 Total 2024 Note Income and Endowments from: Donations and legacies Charitable activities Investment income 346,725 74.331 28,?60 346,725 260,081 28,260 485,927 302,?83 21,455 185,750 Total income 449,316 185,750 635,066 809,665 Expenditure on: Charitable activities (5J4.451) (186.707) (721,158) (723,855) Total expenditure (534.451) (186.707) (721,158) (723,855) Net (expenditure)/income {85,135) (957) (86,092) 85,810 Net movement in funds {85.135) (957) (86,092) 85,810 Reconciliation or funds Total funds brought fonvard 801,JJ6 957 802,?9J 716,48J Total funds carried fonvard 15 716,201 716,201 802,?93 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 15. The notes on pages 14 to 26 form an integral part of these financial statements. Page 9
Carers, Support (Bexley) Statement of Financial Activities for the Year Ended 11 March 2025 (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 2024 Note Income and Endowmenls from: Donations and legacies Charitable activities Investment income 485,927 142,226 21,455 485,927 302,283 21,455 160,057 Total income 649,608 160,057 809,665 Expenditure on: Charitable activities (5(A.755) (159.100) (723.855) Total expenditure (564,755) (159,100) (723,855) Net income 84,85) 957 85,810 Net movement in funds 957 85,810 Reconciliation of funds Total funds brought forward 716,483 716,483 Total funds carried fonvard 15 801,3J6 957 80? 293 The notes on pages 14 to 26 form an integral part of these financial statements. Page 10
Carers, Support (Bexley) (Registration number: 3709684) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets 471,162 Current assets Debtors Cash at bank and in hand io 14,857 494,867 14,225 796,674 509,724 810,899 Creditors: Amounts falling due within one year 12 (19,847) {12,460) Net current assets 489,877 798,439 Total assets less current liabilities 961,039 802,293 Creditors: Amounts falling due after more than one vear 13 (244,838) Net assets 716,201 80? 29) Funds of ihe charity: Restricted income funds Restricted funds 15 957 Unreslrieted ineome funds Unrestricted funds 716,201 801,336 Total funds 15 716,201 802,293 For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit ol its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The notes on pages 14 to 26 form an integral part of these financial statements. Pagell
Carers, Support (Bexley) (Registration number: 3709684) Balance Sheet as at 31 March 2025 The anciaL sÈ&te]nents on pages 9 to 26 were approved by the tnLgtees. and atIrIsed for issue on signed on their behalf ty. Elisabeth P¢tchey Trustee The not&% on page5 14 to 26 fomi an integral part of these fiDan¢ial statements. Page 12
Carers, Support (Bexley) Statement of Cash Flows for the Year Ended 31 March 2025 2025 2024 Note Cash flows from operaling activities Net cash (expenditure)/income (86,092) 85,810 Adjustments to cash fioils from non-cash items Depreciation Investment income 964 (28,260) (113,388) 1,566 (21,455) 65,921 Working capital adjuslments (Increase)Idecrease in debtors Increase/(decrease) in creditors Increase in deferred income io (632) 2,084 141 15,375 (1,311) 12 12 Net cash flows from operating activities (111,795) 79,985 Cash flows from investing activities Interest receivable and similar income Purchase of tangible fixed assets 28,260 (468,972) 21,455 (4.818) Net cash flows from investing activities (440,012) 16,637 Cash flows from financing actii'ities Repayment of loans and borrowings 12 250,000 Net (decrease)lincrease in cash and cash equivalents (301,807) 96,622 Cash and cash equivalents at l April 796.674 700,052 Cash and cash equivalents at ) l March 494,867 796,674 Reconciliation of net cash flo)v to movement in net funds (Decrease)/increase in cash (301.807) 96,622 Net funds at l April 2024 796,674 700,052 Net funds at 31 March 2025 494,867 796,674 All of the cash flows are derived from continuing operations during the above two periods. The notes on pages 14 to 26 form an integral part of these financial statements. Page IJ
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2025 l Accounting policie5 Sumtnary of significant accounting policies and key accounting estimates The principal accounting policies 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 oiherwise stated. Staten]ent of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. 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 il 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 14
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2025 Deferred income Deferred income represents amounts received for fuiure periods and is released to incoming resources in the period for which. it has been received. Such income is only deferred when: The donor specifies that the grant or donation must only be used in future accounting periods- or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Expenditure All expenditure is recognised once there is a legal or constrnctive obligation to ihat expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis con515tent with the use of resource5. Wlth 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 the spread of staff costs. Churitable aclivili 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 model and are measured at the fair value of the a55et received or receivable. Grants are classified as relating either to revenue or to asset5. Grants relating to revenue are recognised in income over the period in w.hich 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 recognised as deferred income. Taxatio The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Fii)ance Act 2010 and therefore it meeis the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from taxalion in respecl of income or capital gains received withiii categories covered by Chapter J Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £ 1,000 or more are inilially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impainnent losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follo's= Asset class Furniture & equipment Depreciation method and rate Straight line 20 /. Page 15
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2025 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 initially at the transaclion price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairnient. A provision for the impainnent of trade debtors is established iyhen there is objective evidence that the charity will not be able to collect all amounts due according to the original tenns of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other 5hort-tenn highly liquid investment5 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 supplier5. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period. to defer Settlement of the creditor for at least twelve monihs after the reporting date. If there is an uncondilional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised inilially at the transaction price and subsequently measured at amortised cost using the effective interest methlxl. Fund structure Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. Restricted income funds are those grants 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 retirement obligations The charity operates a defined contribution pension scheme which 15 a pension plan under which fIxed contributions are paid into a pension fund and the charit), has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined Contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service. the excess is recognised as a prepayment. Page 16
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2025 2 Income from donations and legacie5 Unrestricted funds General Total 2025 Total 2024 Donations and legacies- Donations from individuals Grants, including capital grants: Grants from public bodie5 Grants from other charities 15,348 15,348 141,950 225,570 105,807 2?5,570 105,807 227,6i9 116,3J8 J46,725 J46,725 485,927 3 Income from charilable aclii'ities Unrestricled funds General Reslricted funds Total 2025 Total 2024 Fees & support Grants & donations 73,305 185,750 1.026 139,046 160,057 185,750 Sundry 1,026 185,750 260,081 J02,283 4 Grants & donations Ullrestricted funds Restricted funds Total The London Borough of Beyley Royal Borough of Greenwich Alzheimer's Society (Bexley) Crossroads Care South East London Greenwich &. Bexley Hospice Bexley Voluntary Service Council Sundry grants &. donations 225,570 112,000 52,750 21,000 337,570 52,750 21,000 i),191 68.824 68,824 15,347 15,347 J46,725 185,750 532,475 Page 17
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2025 5 Investment income Unrestricted funds General Total 2025 Total 2024 Interest receivable and similar income- Interest receivable on bank deposits 28,260 21,455 6 Expendilure on charitable activities Unrestricted funds General Restricted rund5 Total 2025 Total 2024 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 Respite House expenses Travel & subsistence Volunteer expenses Salaries, NI & pension Depreciation Secondment 281 16.766 281 311 19,526 2,887 4,090 1,333 8,563 676 3,455 4,876 1,210 7,126 14.641 957 7.126 14.641 1,218 11,721 84,200 4,020 312 1,059 1.059 106,550 2,328 106,550 215 6.476 74 39,198 1,497 10,981 590 6,047 427 4,092 427 470 470 2.621 22,838 410,82J 964 25 2,646 39,877 461,426 964 1,542 42,495 463,380 1,566 10,428 17.039 534,451 186,707 721,158 723,855 Page 18
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2025 Unrestricted funds General Restricted funds Total 2024 Bank charges Communications Insurance i05 19,355 2,887 311 19,526 2,887 4,090 171 IT costs 657 Office supplies Legal & professional fees Activities & events Bad debts written off Equipment Grants to Carers Sundry Cleaning & hygiene Rent 1,524 10,520 3,477 13,997 1,218 11,721 84,200 4,020 312 8,788 2,933 84,200 212 100 5,772 39,198 1,497 10,981 590 1,542 42,495 463,380 1,566 10,428 Repairs & maintenance Utilities Recruitment Travel & subsistence Volunteer expenses Salaries, Nl & pension Depreciation Secondment 1.497 6.715 4,266 231 181 17,160 31,249 1.361 25,335 432,131 .566 10,428 564,755 159,100 723,855 7 Net incomingloutgoing resources Net (outgoing)/incoming resources for the year include- 2025 2024 Depreciation of fixed assets 964 1,566 Page 19
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2025 8 Staff costs The aggregate payroll costs were as folloivs= 2025 2024 Staff costs during the year were: Wages and salaries Social security costs Pension costs 412?11 419,377 23,370 20,633 21,752 461,426 463,380 The monthly average number of persons (including senior management team) employed by the charity during the y.ear was as follows= 2025 2024 Average number of employees 20 17 (2024 - 17) of the above employees participated in the Defjned Contribution Pension Schemes. Contributions to the employee pension 5cheme5 for the year totalled £21,752 (2024 - £20,633). The total employee benefits of the key management personnel of the charity were £63,533 {2024 - £61,871). Page 20
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2025 9 Tangible fixed a55ets Land and buildings Furniture and equipment Total Cost At l April 2024 Additions 4.818 4,818 468,272 468,272 At il March 2025 468,27? 4,818 473.090 Depreciation At l April 2024 Charge for the year 964 964 964 964 At 31 March 2025 1.928 1,928 Net book value At 31 March 2025 468,272 2,890 471,162 At J l March 2024 3.854 3,854 10 Debtors 2025 2024 Trade debtors Prepayments Accrued income 12,392 2,465 7,232 14,857 14,225 11 Cash and eash equivalents 2025 2024 Cash on hand Cash at bank 164 494,70J 199 796,475 494.867 796,674 Page21
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2025 12 Creditors: atnounts falling due within one year 2025 2024 Bank loans Trade creditors Other taxation and social security Other creditors Deferred income 5,162 1,687 7,819 5,038 141 348 7,617 4,495 19,847 13 Creditor5: amounts falling due after one year 2025 Bank loans 244,838 14 Obligations under leases and hire purchase contracts The total value of future minimum lease pavments was as follows: 2025 2024 Within one year In two to five years (7.231) (22.546) (7.321) {29,777) (29.777) (37,098) Page 22
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2025 15 Funds Balanee at 31 March 2025 Balance at I April 2024 Incoming resourees Resources expended Transfers Unreslrieted funds General General fund 502,3)6 449,)16 (534,451) 220,000 637,201 Designaled Reserves House Purchase 79,000 220,000 79,000 (220.000) (220,000) 299,000 79,000 Total unrestricted funds 801,3)6 449,316 (534.451) 716,201 Restricted funds Greenwich Volcare Household Support Fund Alzheimer's Society William Kendall 52,750 112,000 21,000 {52,750) (112,000) (21,000) (957) 957 Total restricted funds 957 185,750 (186,707) Total funds 80? 293 635,066 (721.158) 716,201 Page 2J
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2025 Balanee at 31 March 2024 Balance at I April 2023 Incoming resources Resources expended Transfers Unreslricled funds General General fund 6?7,48J 649,608 (564,755) (210,000) 502,336 Designaled Reserves House Purchase 89,000 { i 0,000) 220,000 79,000 220,000 89,000 ?10.000 299,000 Total unrestricted funds 716,48) 649,608 (564,755) 801,3J6 Restricted 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 716,48) 809,665 (72J,855) 802,293 The specific purposes for which the funds are to be applied are as follows= Greenwich Volcare - funding for the Volcare service enabling full time volunteers to provide breaks 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 w'eek for people with dementia lo 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 run an Inlom)ation Drop in for unpaid carers at The Nest, Thamesmead. Page 24
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2025 16 Analysi5 of net a55ets between fund5 Unrestricted 2025 Total funds General Designated Tanoible fixed assets Current assets Current liabilities Creditors over l year 471,162 430,724 (19,847) (244.8J8) 471,162 509,724 (19,847) (244.838) 79,000 Total net assets 6)7,201 79,000 716,201 Unrestricted 2024 Total funds General Designated Restricted Tanoible fixed assets Current assets Current liabilities 3.854 510,94? {1 ?,460) 3,854 810,899 {1?,460) 299,000 957 Total net assets 50?,JJ6 299,000 957 802,29J 17 Fees payable to independent eiaminer During the period. the fees payable (excluding VAT) lo the charity's independent examiner Community Accounting Plus are analysed as folloi%'s: 2025 2024 Independent examination Other financial services 1,700 1,510 480 2,040 1,990 Page 25
Carers, Support (Bexley) Iyotes to the Financial Statements for the Year Ended 31 March 2025 18 Taxation The charity is a registered charity and is therefore exempt from cory)oration taxation. 19 Trustees remuneration and expenses During the year the charity made the folloii'ing trnvjsactions with trustees: Elisabeth Petchey £30 (2024: £43) of expenses were reimbursed io Elisabeth Petchey during the year. This remuneration relates to expenses incurred in their role as an welfare benefit5 volunteer (not as a Trustee). Timothy Delee £Nil (2024: £14) of expenses were reimbursed io 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). Nicola Fry £67 (2024: £Nil) of expenses were reimbursed to Nicola Fry during the year. No trustees. nor any person5 connected 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. 20 Related partv transactions There were no related party transactions in the year. Page 26