ROADS CARE BEXLEY CROSSROADS CARE LIMITED (A company limited by guarantee) (Operating name: Crossroads Care South East London) TRUSTEE REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR YEAR ENDED 31ST DECEMBER 2023 Company Number: 03726471 Charity Number: 1076375
BEXLEY CROSSROADS CARE LIMITED (A company Ilmlted by guarantee) (Operating name: Crossroads Care South East London) FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2023 Contents Pages Legal and Administrative Infomiation Report of the Trustees 1-10 Report of the Independent Examiners 11-12 Statement of Financial Activities 13 Balance Sheet 14 Statement of Cash Flows 15 Notes Forming Part of the Financial Statements 16-26
BEXLEY CROSSROADS CARE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustse8 Michael Hampton, Chair Okanya Kokas, Chair of F&GP, signed 08109023 Jani Alg8r Iva Diamond Lisa Hemsley Sharon Hutton, appointed CE10212023 Paul Nevulis, appointed 1710512023 Rory Springbett, appointed 2311012023 Senlor Management Darren Tobin - Chief Executive Officer & Company Secretary Louise Jossa- Finan Manager Registered Office Pier Road Centre 42 Pier Road Erith Kent DA8 1TA Charity registratlon number 1076375 Company registration number 03726471 Bankers Barclays Bank PLC 6 Market Place Bexleyheath Kent DA6 7DY Independent Examiners UHY Hacker Young Thamas Housè Roman Square Sittingboume Kent ME104BJ
BEXLEY CROSSROADS CARE LIMITED ST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report together with the independently examined financial statements of the charitable company for the financial year from 1 January 2023 to 31 Decem ber 2023. The annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that th6 annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable companVs governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102 March 2018). Since the company qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omÈtted. TRUSTEES The Trustees named on the Legal and Administrative Information page have served during the period of the accounts. Appointment of trustees is governed by the trust deed of the charity. The Board of Trustees are authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. One trustee resigned and three trustee joined during the financial year, therefore the number of trustaes serving on the governing body at 31 December 2023 increased to seven. OBJECTIVES AND ACTIVITIES Bexley Crossroads Care Limited is a charitable company limited by guarantee. and its objects are for the public benefit, the relief of carers and people who are in need by reasons of ag8, ill health and disability, in particular but not exclusively those living alone, by providing a range of support servicas delivered by community based staff and volunteers. The areas of benefit shall be the London Boroughs of Bexley, Greenwich, Lewisham and surrounding areas. The provision of care to vulnerable people in addition to other activities undertaken has directly contributed to the achievement of our objectives during the year. The charity's strategy is to achieve its airns and objectives by providing high quality Services to individuals living within the aforementioned areas and to identrfy arKI increase the number of carers we support. STRUCTURE, GOVERNANCE AND MANAGEMENT The goveming document of the charity is the revised Articles of Association as amended by special resolution dated 27 November 2017, with the eonsent of the Charity Commission dated 23r¢l March 2018 and subsequent ratification by the Board dated 23rt April 2018. Under the Articles of Association the minimum number of trustees is four and the maximum is séventeen. The charity appoints naw trustees when required to str8ngthen the board and replace retiring trustees. New trustees are
BEXLEY CROSSROADS CARE LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31- DECEMBER 2023 CONTINUED required to attend briefing s8ssions as part of their induction and are provided with relevant governance information arKI links to the Charity Commission and other appropriate governance bodies. All trustees have an opportunity to attend relevant training sessions and events to support their professional development. Tha Board of Trustees ara responsible for setting the strategic direction and policy of the charity and are supported by the Finance and General Purposes Committ88. The Chief Executive attends Board meetings and sits on the committee but has no voting rights, A scheme of delegation is in place and day to day responsibility for the provision of services rests with the Chief Executive. The Chief Executive is responsible for ensuring that the charity delivers the services and that key performance indicators are mat. The charity is also known by its trading name 'Crossroads Care South East London,. The arrangements for setting pay and rèmuneration of the charity's key managemént personnel is determined by the Finance and General Purposes Committee. The main criteria used is an agreed percentage of salary which is in line with other employees of the charity. LEGAL STATUS The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £5 per trustee of the charity. RELATED PARTIES The charity is a network partner of Carers Trust and is governed under its framework for policy and slrategy. The charity has links with other voluntary sector organisation8 across our operating boroughs in the pursuance of its charitable obj8Ctive8. RISK REVIEW The Trustees are responsible for identifying, assessing, managing and conducting periodic reviews of the major risks to which the charity is exposed. Potential risks are reviewed at th8 F&GP and board meEtings each quarter and are continually assessed, with the possible impact on fInanS considered. Operational risks are under constant review. Service delivery processes have been impl8m6nted to safeguard the health and welfare of staff, volunteers and dlents. Due to tha nature of our community work with vulnerable clients we continue to apply robust infection control procedures. staff and clients are required to report eny Covid19 symptoms to the office, as well ss appropriate wearing of PPE on a case by case basis to mitigate risks to our clients 8nd workforce.
BEXLEY CROSSROADS CARE LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 318r DECEMBER 2023 CONTINUED Income and financial sustainability, which could be impacted by the loss of significant packages of care, changes in local govemment policy affecting grants and contract funding and loss of income from trusts, is monitored continually and compared to budgeted forecasts. The organisation has a medium-term strategy lo diversrfy its services and mitigate some of these risks, whilst taking measures to ensure the ongoing financial sustainability of the charity is sound. Inflation is a fvndamental Conrn,. some incoming resourtss may not keep pacE with inflation as grants are generally awarded for a fixed sum over the duration of the contract. Whilst we try to negotiate provisions for inflation at the outset, this is not always possible or the 8conomic outlook foreseen, hence we have set aside a percentage of reserves to mitigate this risk for existing contracts and arrangements, to enable us to keep salaries under constant review, Data protection and compliance is of paramount importance. The Chief Executive is responsible for ensuring the organisation complies with GDPR requirements. All key Staff undertake regular training, receive periodic updates and monitor processes. IT is outsourced and we continue to invest in the security of online data. Legislation relating to employment matters are under constant raview; the charity receives alerts of changes in regulations periodically and subscribes to a professional helpline. Safeguarding our benefactors and vulnerable clients is integral to the culture of the charity, and we have been evaluated as 'good' at the most recent CQC inspection. We ensure staff receive adequate training, shadow experienced members of staff as required and attend supervision and review meetings at regular intervals. The Business Continuity Plan (BCP) was updated in February 2024 and is reviewed every 3 months. This addresses potential incidents that could limit the charity's abilrty to operate effectively, including cyber security. Reputation risk within the care sector and events outside our control are monitored on a regular basis. We have a good reputation for providing high quality care and try to mitigate this risk by maintaining a high profile through social media, stakeholdar presentations and networking events across our operating boroughs. Governan and regulatory matters are reviewed regularly. intemal controls and processes are documented to identfy whith reporting guidelines and timescales must be adhered to. Systems and procedures to manage the above risks are implemented to minimise any potential impact on the charity.
BEXLEY CROSSROADS CARE LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31" DECEMBER 2023 CONTINUED RESERVES POLICY The Trustees, who are also directors of the charity for company law purposes, are responsible for the sound financial management of the charity. They ensure that the charity will remain able to futfil its obligations as they fall due and have considered the level of reserves thgy wish to retain appropriata to the charity's needs. The policy is to hold free reserves to cover expenditure and ensure the charity will be able to continue to fulfil its charitable objectives, even if there is a temporary shortfall in income, based on the charity's size and the level of commitments held. This policy is constantly under review having regard to the changing financial, regulatory and competitive environment in which we operate. The short-term outlook is a critical consideration and our objective is to retain quality staff and respond quickly to changes in our client portfolio, in order to mitigat8 some funding risk and continue to provide core services to vulnerable people. Furthermore, tolerance of plus or m inus 10 % is applied to budget projections. For the purposes of short-term financial management, the trustees seek to ensure that working capital is in line with the policy of holding free resources, sufficient to fund at least four months ongoing unrestricted expenditure and to cover a decline in Incoming r8sourc8S, increases in expenditure due to higher than anticipated infiation, support operational overheads and provide core services in thallenging times. Aspirational objectives and the business strategy are both fundam8ntal when assassing what is an optimal level of reserves. It is our objective to retain and support core and specrfic services which benefit vulnerable individuals within the boroughs in which we operate for a period of two years, whilst afternative or continuation funding 18 Sought. Total reserves held at the end of the year were £616,379,. of which £11,546 was restricted and will be used within the next financial year. £172,522 was designated; £123,787 as a provision for redundancy and employment costs and £48,735 as a provision for pandemic related costs. INVESTMENT POLICY The Trustee's policy is to invest in low risk short tem assets offering a guaranteed rate of return, with institutions regulated by the Financial Conduct Authority. A due diligence and approval proSS is adopted for each institLrtion that funds are placed with. The maximum investment with any one institution is the financial limit of protection afforded by thg Financial Services Compensation S¢hpmo prevailing or likely to prevail at the maturity date. ACHIEVEMENTS AND PERFORMANCE This has been a challenging year, operating within a politically and financially demanding health and social care sector. We have continued to deliver a diverse
BEXLEY CROSSROADS CARE LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 CONTINUED range of adult and childn,5 services to individuals living within our three operating boroughs and provided 17,521 hours of direct Care to 72 carers and the person they care for. Thts care is community based and provides support, alleviating some of the multiple pressures borne by unpaid carers in accordance with the charity's objectives. All key contracts and grants were measured and evaluated at quarterly moniloring meetings with funders and key performance indicators were met. The organisation continued to develop services in the following areas to support individuals and families, adding social value.. Provided 17,521 hours of core support in the community. Core hours decreased slightly from the previous period due to the cost-of-living crisis and staff capacity. We are proud that all clients received an exceptional level of care and support throughout the period due to the dedication of our care staff. Our volunteer befriending seriice continued to operate across the three boroughs, providing regular in person suppjrt to individuals experiencing isolation through bereavement, loss of family connections, mobility, health, age, or financial constraints. During the year, we delivered 12,480 hours of direct support to lonely or isolated older people, establishing befrierKling relationships to develop social contacts and interaction and reduce their social isolation. This support includes face to face meetings, telephone calls, outings and social gatherings. We organised monthly lunch groups for befriended individuals and befrienders to come together, which were wall attended with an average of 25-30 participants. The Christmas lunch was held at the Anchor in Bexley and we would like to express our sinre thanks and gratitude to Friends of Bexley CIC for once again funding this event. During the year five of our volunteering befrienders received a 'Bexley Volunteer Excellen Award, from the Mayor of Bexley in recognition of their outstanding volunteering work through our befriending service. We employed a community-based frailty practitioner, funded by the Better Care Fund to improve the pathway for older people and their carers who present symptoms of frailty. During the reporting period we received referrals and undertook 74 face to face assessments and provided telephone support to 58 frail people and their carers. These early interventions and assessments are important to individuals living with frailty, as this facilitates access to co- ordinated care to maximise their health and wellbeing. This has18d to working with the Rapid Response Team at Queen Elizabeth Hospital in emergency situations, communications with general practitionars and pharmacies and collaborations with local support services, preventing admissions to hospitals and enabling the older person to remain in the community as independently as possible. Frailty is an increasingly common condition which often renders older people vulnerable to adverse outcomes and thes& inteNentions have enabled us to work with older peopl8 and their families towards positive outcomes.
BEXLEY CROSSROADS CARE LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31" DECEMBER 2023 CONTINUED As a partner of the One Bexley Adult Social care consortium our two Trusted Assessors undertook 460 carers, assessments and reviews during the year as part of a three-year contract with the London Borough of Bexley. The Trauma project commenced on 1Jt September 2023 funded by The National Lottery for five years. We have employed a trauma practitioner and a trauma therapist, who as part of their induction met with stakeholders to give them an overview of our approach and short-term objectives including attaining a reojgnised 'Trauma Informed Organisation, quality kitemark, fully embedding a trauma informed approach across policy and practi, enhanced knowledge and understanding within the workforc8 and specific trauma training. This will ingrain into practice a mechanism for supporting unpaid carers and older people who have experienced trauma, through a range of interventions that will help thern recover and heal. We were the lead partner of the WDF Care Qualifications partnership, working with Skills for Car6, who invested £712,140 throughout the period, improving staff skills via digital modules and learning programmes within the social car8 sector, benefitting 2,025 candidates from 138 partner organisations, invested £8,111 providing extensive upskilling and development opportunities to our care staff, who undertook 340 hours of external training over 14 courses which were relevant to their professional development. FINANCIAL REVIEW The Statement of Financial Activities shows an operational deficit of £584 in the year ended 31 st December 2023 (2022 deficit; £69,823). Total reserves at the end of the year were £616,379. The prior reporting period referred to in comparative notes as '2022', was 8 shortened period of account from 1 April 2022 to 31 December 2022. GOING CONCERN After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, we continue to adopt the going concern basis in preparing the financial statements. PRINCIPAL FUNDING SOURCES The principal sources of funding to facilitate the provision of care and deliver carers respite service5 Within the community in accordance with our objectives were received from grants and contracts awarded by The London Borough of Bexley, NHS South- East London ICB (Bexley) and The Royal Borough of Greenwich. Funding was
BEXLEY CROSSROADS CARE LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31- DECEMBER 2023 CONTINUED. awsrded by City Bridge Trust to fund an 'Older Persons Community Development Officer,. Income from the Borough of Bexley and the NHS South-East London ICB (Bexley) for a frailty practitioner post and the provision of additional respite seIce$ through the 'Better Care Fund, was deferred and utilised during this reporting year. A grant was awarded by The National Lottery during the year to provide a trauma service locally, and external funding was awarded from a variety of smaller schemes. Individuals, wrio seff-funded their care services equated to 35fjh of overall income. FUNDRAISING ACTIVITIES AND DONATIONS Fundraising events were adversèly impacted in recEnt years by the general economic environment and the pandemic. The annual charity ball, which is our largest fundraiser had to be cancelled once again in 2023 due to insufficient numbers. We continued to r1ve funds from the Bexley Community Lottery, where supporters purchase lottery tickets in exchange for the opportunity to win substantial prizes. We have received unrestricted one-off donations from several donors and would like to express our thanks to all of our individual donors in addition to Friends for Bexley, Merton Court School Sidcup, The Rotary Club of Bexley, Welling Round Table and Morden College for their generosity. We anticipate that fundraising opportunities will be limited to some extent in the forthcoming financtal year, du9 to the current eCOrMi¢ factors. VOLUNTEERS The befriending service provides companionship and effective support to older people who may have eXperIend a significant life event to become active, reduce the risks of isolation and enhan their quality of lrfe with continuad health and well-being, Our aim is to ensure older people hav6 a greater sense of confidenc8, choice and control in their lives with an opportunity to make wider connections. The service continues to be delivared within the individuals own home, wrth weekly telephone contact or in the community, with opportunities to attend and part1pate in activrties rf they so wish. Our trauma project, fvnded by The National Lottery will aiso provide appropriate therapy and counselling sessions required to support older people through adverse experiences with recovery and healirYJ. The charity has benefitted from the support of 63 unpaid volunteer befrienders who bring a range of skills and life experiences to our befriending servi. This valuable seryice &8n only operate because of the free time gi¥en by volunteers, thpir w411ingness to foster meaningful relationships and ensure vulnerable and isolated individuals were supported and contacted regularly. The Board of Trustees would like to express their gratitude and thanks to all volunteers for their continued support to the charity, and for the 12,480 direct hours of voluntary assistance donated. We are unable to translate this directly into monetary values, but an approxirnate value of this equates to £130,042.
BEXLEY CROSSROADS CARE LIMITED TRUSTEES, REPORT FOR TrIE YEAR ENDED 31- DECEMBER 2023 CONTINUED PLANS FOR THE FUTURE Our primary objective is to improve the lives of carers and those Ihey care for, whilst ensuring those we support, including our staff, are safe and well. We will continue to ensure that staff have the correct equipment, training, resources and assistance to wovide a reliable service in which the vulnerable people we care for feel conf4dent arKJ protected. We firmly believe attracting and retaining the best care staff and providing an excellent Service that is personalised for dients individually is fundamental to the organisation's purpose, ethos, and success. Iwe recognise that supporting our workforce is key to delivering these goals and remain focused on their continued wellbeing, training, career development, rewards, and job satisfaction, recognising that individual circumstances are diverse and that there are significant benefits in optimising work and lrfe balance. We aim to pursue and develop strong relationships, working closely in partnership with other organisations to provide specialised and cost*ffective services. We have implemented a strategy to 31¥t March 2024, developing services and extending our provision to carers and people with support needs, incfuding carers who are self-fund8rs and those in receipt of personal budgets or direct payments to improve their health, well-being and independen¢o. We have been fortunat8 to have been awarded a grant in January 2024 of £50,0(XI from the People's Postcode Lottery. This will be spent within the next 18 months in accordan with our charitable objects. Our objective is to raise greater awareness of carers, issues and IncaSe public understanding of issueg that carers face on 8 regular basis. During the next financial year, the charity plans to attain a quality kitemark as a trauma infonned organisation, to maintsin its robust infection controls to support staff and clients, adhering to current government guidance. In the longer term, the charrty plans to inuease staffing arKI volunteer capacity, diversrfy and extend its services offered to clients with an additional range of regulated and non-regulated services a(xoss all operating areas. There has been no significant expenditure on future income generation during the period. FACTORS OUTSIDE THE CHARITYS CONTROL The risk register was reviewed in March 2024 and is reviewed by the Board regularly. Risks fall into six categories: govemance, people, quality, service, GDPR and finance, with the likelihood, impact and consequences highlighted and actions documented. We continued to monitor staff who experience Covid19 symptoms and have a designated fund for Covid19 and wellbeing to financially support colleagues who test positive. The wearing of PPE remains in place and risk assessments are undertaken with indiv4dual clients.
BEXLEY CROSSROADS CARE LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31- DECEMBER 2023 CONTINUED All colleagues are given regular updates on guidance and attend training on infection control risk as part of our workforce devek>pment. Inflation and cost of living pressures are a concern and therefore salaries and budgets are under constant review. We have sufficient reserves to m&t obligations for the foreseeable future and aim lo ensure remuneration levels for front line car8 SUPPOrt staff are preserved. The charity operates within a challenging sector in which sudden changes to care packages or social care contracts could impact finances radically. The charity has little direct Influen over the levels of funding available from trusts and local authorities or the criteria and strategies adopted by funders for determining the allocation of resources and monitoring requirements. Social factors including media influen, social media and the perception of charities, attitudes towards charitable giving and charw in government legt'slation are also outside the charity'8 control. Other f8Ctor8 that could have a bearing on the charity's ability to achieve its objectives include developments in technology and increases in the number of providers within the social care sector. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees (who are dso directors of Bexley Crossroads Care Limited for the purposes of company law) are responsible for preparing the Trustee's report and the financial statements in accordance with applicable law and United Kingdorn 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 Ihat they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing these financial statements, the Trustees are required to; a) select suitable accounting polici8s and then apply them consistently. b) obsèrve the méthods arid pririciFiles iri the Charities SORP; c) make judgments and accounting estimates that are reasonable and pruden( d) state whether applicable UK Accounting Standards have bean followed, subject to any material departures disclosed and explained in the financial statements. e) Pfepare the fnancial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficlent to slK)w end explain the charitable CmpanY'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 statements comply with the Compani8s Act 2006.
10 BEXLEY CROSSROADS CARE LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 CONTINUED They are also responsible for safeguarding the assets of the charitable company and hencé for takirg reasonable steps for the prevention and detection of fraud and other irregularities. DISCLOSURE OF INFORMATION TO THE INDEPENDENT EXAMINERS The Trustees at the time when this Trustee's report is approved have confimied that: so far as that Trustees are aware, there is no relevant information of which the charitable companls independent examiners are unaware, and that Tmstees have taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant information and to establish that the charitable company's independent examiners are aware of that infonnation. Approved by the board on., .and signed on its behalf by: Michael H8mpton Trustee Director Janice Algar Trustee Director
11 Independent Examinerfs Report to the Trusteos of Bexlèy Crossroads Care Limited ('the Company.) J I report to the charity Trustees on my exam ination of the accounts of the Company for the year ended 31 December 2023. Responslbilltles and Ba818 of Report As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be auditod under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Companvs account8 carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carying out my examination I have followad the Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. Independent Examlnerfs Statement sin the Company's gross income exceeded £250,000 your examiner must be member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies, I have completed my exam ination. I confinn that no matters have come to my attention in connection with the examination giving me cause to believe.. 1 , accounting records were not kept in respect of the Company as required by section 386 of the 20LB Acl., or 2. the accounts do not accord with those records. or 3. the accounts do nol comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordan with the methods and principles of the Statem8nt of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial R8POrting Standard 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 this report in order to enable proper understanding of the accounts to be reached.
12 This report Is made solely to the Companls Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees thosa matters l am required to state to them in an Independent Examinevs Report and for no other purpose. To the fullest extent pemitted by law, I do not actspt or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report. Signed: Dated: 24 May 2024 Allan Hicki6 Bsc FCA UHY Hackeryoung Chartered Accountants Thames House Roman Square Sittingbourne Kent ME10 4BJ
13 BEXLEY CROSSROADS CARE LIMITED Statement of Financial Activities Incor oratin Income and Ex for the Year Ended 31st December 2023 enditure Account Note Unrestricted Funds Restrfcted 2023 2022 co e Total This Total Prior Funds Year Ended Period Ended 31-Dec-23 318c- Income from: Donations and Le acies Voluntary income - donations 5,337 150 5,487 9.804 Charltable Activitles Provision of care seNices . grants & contract incomè Provision of care seivices - Income dirnct from clients Provision of Ca servlces - brokerage & non contract income Income from charitable activities - befriending Income from charitable actlvities - household support 199,665 222,636 94,727 250 62,274 261,939 222,636 94,727 250 10.800 174,531 168,165 81,202 10.800 other Tradin Activitles Activities for generallng funds - fund ralsing 320 320 Investments Investment Income 17.811 17,811 5,772 other Incomln Other income Resources 14.669 14,669 8,167 Total Incomlng Resources 555,415 73,224 628.639 448.037 Ex ndfture on: Raisin Funds Fundraising expenditure 92 92 144 Chrarilable Aciivities Charitable actlvities 531.805 97,326 629,131 517.716 Total Resources Expended 531,897 97,326 629.223 517.860 Net Incomlng Resources l (Resources Expendèd) Trnnsfers between funds Total funds brought fonvard Total funds carrl¥d foryward 23,518 (24,102) (S84) 169.8231 581.315 604,833 35,648 11,546 616,963 616,379 686.786 616,963 The notes on pages 16 to 26 fom part of these flnan¢lal statements.
14 BEXLEY CROSSROADS CARE LIMITED Balance Sheet as at 31st Dec mber 2023 2023 2022 Tot81 This Total Prior Year Ended Period Ended 31-Dec-23 31-Dec-22 Notes Fixed Assets Tangible fixed assets Investments 10,106 87,086 97,192 13,525 13,525 Current Assets Debtors Investments Cash at bank and in hand 73,333 371,164 195593 640,090 61,181 504,977 257415 823,573 Credltors Creditors: amounts falling due within one year 10 (120,903) (220,135) Net current assets 519,187 603,438 Net assets 616,379 616,963 Charity Funds Restricted funds Designated funds Unrestricted fvnds Total funds 11,546 172,522 432,311 616,379 35,648 172,856 408,459 616,963 12 The charity was entitled to exemption from audit under section 477 of the Companies Act 2006, and the members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. 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 by the trustees on . and signed on its behalf by: Michael Hampton Trustee Director Janice Algar Trustee Director The notes on pages 16 to 26 form part of these financial statements.
15 BEXLEY CROSSROADS CARE LIMITED Cash Flow Statement as at 31st December 2023 023 2022 Total Funds Total Funds This Prior Year Ended Period Ended 31-Dec-23 31-Dec-22 Note Cash generated from operating activities: Net cash provided by ¢)perating acttvities Cash flows from investing activities: Dividends, interest and rents from investments Purchasè of property, plant and equipment Purchase of investments Net cash (used In) I provided by Investing activities 124,453 111,676 Table A 17,811 (1,907) (6,273) 9,631 5,772 2,603 3.169 Change in cash and cash equivalents In the reporting year I period Cash and cash equivalents al the beginning of the reporting year I period Cash and cash equlvalents at the end of the reportlng year I period (61,822) (108,507) 257.415 365,922 Table B Table 8 Table A: ReconcIllaOn of net movement in funds to net cash flow from operating operatlng activities Current Year Prior Period Net movemant in funds for the reporting period (as per the statement of financial activities) Adustments for. Depreciation and charges for impaired fixed assets Dividends, interest and rents from investments {Increase)/decrease in debtors Increa$el(decrease) in credttors Net Gash provided by operating actlvities {583) (69,824) 5,328 (17,811) (12,153) (99,232 (124,453) 4,083 {5,772) 16,293 (58,457) (111,677) Table B.. Analysis of cash at bank and In hand Current Year Prior Period Cash at bank and in hand Notice deposits less than 3 months Total cash and cash equivalents 110,593 85,000 195,593 172,415 85,000 257,415 Table C: Analysis of Changes In Net Debt At stsrt of Year Cash Flows At End of Year Cash 257,415 61,822 195,593
16 BEXLEY CROSSROADS CARE LIMITED NOTES TO THE FINANCIAL STATEMEN RTHE ST YEAR ENDED 31 DECEMBER 2023 1 General Infomiatlon Bexley Crossroads Care Limited, the 'Charity', is a company limited by guarantee without share capital, registered in England and Wales. Its registered office is Pier Road Centre, 42 Pier Road, Erith, Kent, DA8 1TA. 2 Accountln Policies The principal accounting policies are summ8rised below. 2.1 Basis of Pre ration of Financial Statements The financial statements have been prepared in accordance with the Charities SORP (FRS102) - Accounting and Reporting by Chartiies: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in thé UK and Republic of Ireland (FRS102 March 2018), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 20CE. Bexley Crossroads Care Limited meets the definition of a public benefrt 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 Goin Concern Accountin Polic The trustees assess whether the use of going concem is appropriate i.e. whether there are any material UnrtaIntieS related to events or conditions that may cast significant doubt on the ability of the charitable company to continue as a going concern. The trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements. Trustees are confident that the impact on operations of Covid19 will remain low in the year ahead. There will continue to be Covid19 related costs, for example payments to staff for isolating and other pandemic related operational costs, which will be met from a designated fund. Prudent forecasts have been prepared for the coming year, taking the above into account, and using the assumption that the charity will be able to continue to provide servIs, even in tha event of signrficant changes to current pandemic guidance which result in restrictions or lockdowns being reintroduced. The current investments shown on the balan sheet relate to annual bonds and savings accounts and there has been no impairment of these assets. Taking the above into account the trustees have concluded there ar8 no material uncertainttes about the charity's ability to continue as a going concern and that it
17 BEXLEY CROSSROADS CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE ST YEAR ENDED 31 DECEMBER 2023 remains appropriate to continue to adopt the going concem basis of accounting in preparing the financial statements. CONTINUED 2.3 Com n Status Th6 company is a company limited by guarantee. The directors of the company are the Trustees named on the Legal and Administrative Information page. In the event of the company being wound up, the liability in respect of the guarantee is limited to £5 per member of the company. 2.4 Fund Accountin General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set asida by the Trustees for particular purposes. The aim and use of each designated fund is sel out in the notes to the financial statements. Restricted fvnds are funds which are to be used in accord8nce with specrfic restrictions imposed by donors or which have been raised by the charity 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 tha financial statements. 2.5 Income All income is recognised once the charFty has entitlement to the income, it is probable that the income will be received and the amount of incDme receivable can be measured reliably. Donated services are recognised when the charity receives the Service. The charity benefits from the help of volunteers who are befrienders. In accordan with the Charities SORP (FRS 102), general voluntèer timè is not recognised and further information is contained within the Trustee's report in respect of their contribution. 2.6 Ex enditure Expenditure is recognised once there is a legal or constructive obligatton 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.
18 BEXLEY CROSSROADS CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR TH ST YEAR ENDED 31 DECEMBER 2023 CONTINUED 17J2xation. The Company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Company is potentially exempt from tsxation in respect of income or c£pital gains reiVed within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 2% of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 2.8 Tan ible Fixed Assets and De reciation All ass8ts costing more than £1,000 are capitalised. A review for impairmenl of a fad assat is carried out rf events or changes in cirCumstanS indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carying value of fixed assets and their recoverable amounts are recognised as impairments, Impairment losses are recognised in the Statement of Financial Activities incorporating the income and expenditure account. 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 fad assets, less their estimated residual value, over their expected useful lives on the following bases.. Computer equipment - 200/0 Straight line Furniture and fixtures - 200A straight line Office equipment - 200/0 Straight line 2.9 Investments Investments include bonds or term deposits held for twelve months from the date of investment. This includes notice deposit accounts requiring noti of more than 90 days from the date that funds were deposited into the account. Long tenn investments include bonds or tem deposits held for more than twelve months from the date of investment. All investments are approved by the Finance and General Purposes Committee. Interest on funds is included when earned and the amount can be measured reliably by the company. Investment income, gains and losses are allocated to the appropriate fund.
19 BEXLEY CROSSROADS CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE ST YEAR ENDED 31 DECEMBER 2023 CONTINUED 21.0._Pensions The company enrols eligible employees into a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the period funded by contributions from employee and employer. New and existing employees who were or who became eligible to join but were not in the pension scheme at 23 May 2023 were automatically enrolled into the scheme unless they exercised their right to opt out of scheme membership. Employees joining the pension scheme operated by B&CE (scheme name: The People's Pension), contract directly with the pension company. The charity made a contribution of 30h of qualrfying salary to this pension scheme throughout the financial period, and acts as agent in collecting and paying ov6r employee pension contributions. The contributions made for the accounting period are treated as an expense. 2,11 0 ratin Leases Rentals under operating leases are charged to the Statement of Financial Activities (incorporating income and expenditure account) on a straight -line basis over the lease term. 2.12 Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualfy 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 the carying value plus accrued interest less rapayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method.
20 BEXLEY CROSSROADS CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 CONTINUED 3 Sources of Income Durin the Year Income T 2023 2022 This Year Prior Period Ended Ended 31-Dec-23 31-Dec-22 Individuals London Borough of Bexley Non contract income Grant income Contract income Non contract incoma Contract income Non contract income Contract income Non contract income Grant income Grant income Grant income Grant income Sundry incoma 222,636 123,792 107,322 57,886 5,923 35,086 2,220 3,596 29,426 168,165 98,635 30,242 50,379 NHS South East London ICB (Bexley) 25,029 1,679 Royal Borough of Greenwich London Borough of Lewisham The National Lottery Carers Trust Merchant Taylor City Bridge Trust Other 8,000 4,056 36,696 628,639 35,976 22,639 448,037 The Charity has no unfulfilled conditions or contingencies. Income comprises unrestricted of £555,415 (2022: £365,427) and restricted of £73,224 (2022: £82,610).
21 BEXLEY CROSSROADS CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 NTINUED 4 Anal Is of Resources Ex ended 2023 2022 'or Period Ended 31-Dec-22 Ended 31-Dec-23 Direct Charitable Costs Care support workers, wages, national insurance and pension costs Staff salaries, national insurance and pension costs Care support workers and staff travel and other expenses Direct service expenses Workers, equipment Volunteers expenses and associated costs Governance costs Accountancy and bookkeeping 238,638 299,834 6,956 46 193 19 2,040 3,402 551,129 196,856 253,726 5,042 151 1,920 2,029 459,724 Core Service Su rt Costs Carers Trust membership faes Training costs and training consultancy feas DBS enhanced checks Insurance C HAS accreditation CQC fee Data protection 5,626 4,346 785 9,317 4,247 5,990 853 6,988 1,446 35 19,559 35 22,072 Other Resources Ex Rent of offi$ Printing, postage and stationery Telephone Photocopier and franking machine costs, including annual maintenai Depreciation and loss on disposal of asset Bank charges and finance costs Advertising and fund raising activities Café rent and activities Befriending and older carers activities Household support Legal and professional Computer and software Bad debt and provision for bad debts Other nded 10,250 1,971 4,177 966 5,326 460 2,648 7,688 2,808 2,961 4,083 381 1,214 1,315 5,250 1,939 21,899 21 1,738 56,022 15,485 (95) 882 38,576 TOTAL EXPENDITURE 629,223 517,860 The expenditure comprises unrestricted of £531 , 897 (2022: £436,850) and restricted of £97.236 (2022.. £81,010),
22 BEXLEY CROSSROADS CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 CONTINUED S Net Incomln Resources I Resources Ex ended This is stated after charging: 2023 This Year Ended 31-Dec-23 2022 Prior Period Ended 31-Dec-22 Depreciation of tangible fixed assets.. -ovmed by the charity Independent examiners remuneration Operating leasa rentals During the period, no Trustee received any remuneration (2022.. £N I L). During the period, no Trustee receved any benefits in kind (2022". £NIL). During the period, no Trustee received any reimbursement of 6xpenses (2022.. £NIL). 6 Staff Costs 5,326 2,040 4,083 1,920 The staff costs were 2023 This Year Ended 2022 Prior Period End8d 1-Dec-22 31- Wages and salaries Social Serity costs Employers contribution to defined contribution pension schemes 508,845 20,410 9,217 538,472 420.947 22,393 7,242 450,581 The average number of staff employed during the period was as follows: 2023 53 2022 53 The total aggregate amount of combined remuneration received by senior management comprising salaries, employers national insurance and pension contribulions duing the period totalled £74,219 (2022. £72,923). 7Tan Ible Flxed Assets Com ui uter Office Furniture and ent Fixtures ui me Total Cost At 1 st January 2023 Additlons At 31 st December 2023 29, 857 1,907 1,643 505 32,005 1,907 505 De reclatlon At 1 st January 2023 Charge for the year At 31 st December 2023 17,357 4,905 22,262 770 320 1,090 353 101 454 18,480 5,328 23,806 Net Book Values At 31 st December 2022 At 31 st December 2023 12,500 9,502 873 553 152 51 13,525 10,106
23 BEXLEY CROSSROADS CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 CONTINUED 8 Debtors 2023 2022 This Year Prior Period Ended Ended 31-Dec*23 31-Dec-22 Trade debtors Prepayments and accrued income 57,633 15,700 73,333 46,368 14,815 61,181 9 Investment$ 2023 2022 This Year Prior Period Ended Ended 1-Dec-23 31-Dec-22 Unlisted investments (liquid) Unlisted investments (long tem) 371. 164 87,086 504,977 10 Creditorn 2023 2022 This Year Prior Period Ended Ended 31-Dec-23 31- Amounts falling due within one year Tde creditors Taxation and social security Payroll and associated staff costs Accruals and deferred Income 670 18,118 19,647 82.468 120,903 3,239 17,316 30,186 169,394 220,135 Deferred income movement: 2023 2022 This Year Prior eriod Ended Ended 31-Dec-23 31-Dec-22 Balance as at 1 January 23 Amount released to income from tharitable activities Amount deferred in period Balance as 8t 31 December 23 159,787 222,795 {97,219) (90,588) 17,860 27,580 80.428 159,787 Deferred income comprises grant income received in advance £74,150. contract income of £3, 347 and overpayments of £2,961 . 11 Financial Instruments 2023 2022 This Year Prior Period Ended Ended 31-Dec-23 31-Dec-22 Financial assets measured at fair value through income and expenditure 653,843 782,392 Financi81 assets measured at fair value through income and expenditure comprise the value of cash held and investment bond or term deposits classified as cuffent investment assets.
24 8EXLEY CROSSROADS CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 CONTINUED emen of Funds Current Year Statement of Funds to 31 December 2023 Trans ers Between Funds Opening Funds Closing Funds Fund Income Ex enditure Restricted fund Designated fund Unrestricted fund 35,648 172,856 408,459 616.963 73,224 (97,326) 11,546 172,522 432,311 616,379 (334) 334 555,415 628,639 531,89 629,223 Prior Period Statement of Funds to 31 December 2022 ransfers Between Funds Opening Funds CAosing Funds Fund Income Ex nditure Reslricted fund Dèsignated fund Unrestricted fund 34,048 175,000 477,738 686,786 82,610 (81,010) 35,648 172,856 408.459 616,963 (2,144) 2,144 365.427 448.037 436,850 517,860 Restrithed funds are used for the purpose stipulatfrd within restriclions imposed by the donor, which include paylng Staff salaries, Iraining costs, administration and other related costs to support the specific projects. The Charitable Company managed the foll*)wing rèstricted grants and contracts during the year. Mayorfs fund: £175 will be spent over the n8Xt year on the provision of youno people. Co-op Foundation fund: £1,600 was spent on evenis for vulnerable people. Ctty Brldge Trust fund: £4,056 was received and £23,786 spent during the year on the provision of an older persons community programme, London Borough of Bexley Better Care fund; £59.796 has been deferrod and will be spent over the next 2 years on the services of a frailty practitioner and on respite services. Yorkshire Building Society.. £720 will be spent over the next year on services for older carer¢ Edward Gostling Foundation fund: £1,957 will be spent over the next year providing post bereavement support to unpaid carers. LBB Household Support Fund.. £10,800 was spent awarding and adminisiering one-off payments to support residents in the cost of-living LYiSiS. The National Lottery.. £29,426 was received and £20,734 spent on the provision of a trauma service within our operating boroughs. Carers Trust fund.. £8,000 was spent during the year supporting older carers with health activtty interventions, therapies and group sessions. Desi nated funds 8re unrestricted funds ring-fenced for a specific PuOse, with no restrictions imposed. D•signat•d fuftd (1) £123, 787 for •mploym•nt liabilities which might aris•. Designated fund (2) £48,735 to meet future costs relating to Covid19 and wellbeing. Unrestricted funds are spenl al the discretion of the trustees for furtherance of the charit$ objecltves.
25 BEXLEY CROSSROADS CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 CONTINUED 13 Anal is of Net Assets Between Funds Current Year to 31 December 2023 2023 2023 2023 R6Stricted Desi naled Unrestricted Fund Fund Fund 2023 Total Funds Tangible fixed assets 10,106 10,106 Current assets 11,546 172,522 456,022 640,090 Creditors due within one year (120,903> (120,903) Net current assets 11,546 172,522 335,119 519,187 Long term assets 87,086 87,086 Net assets 11,546 172,522 432,311 616,379 Prior Period to 31 December 2022 2022 2022 2022 Restricted Desi nated Unrestri Fund Fund 2022 Total ed Tangible fixed assets 13,525 13,525 Current assets 35,648 172,856 615,068 823,573 Creditors due within one year (220,135) (220,135) Net current assets 35,648 172,856 394,933 603,438 Net assets 35,648 172,856 408,458 616,963 14 Pension Commitments Pension contributions totalling £2,237 (2022.. £2,085) were payable to the scheme at the balan sheet date and are included in creditors.
26 BEXLEY CROSSROADS CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 315t DECEMBER 2023 CONTINUED 150 eratin Leases At 31 December 2023 Ihe total of the charity's future minimum lease payments under non-cancellable operating leases was: 2023 2022 LYear Prtor Period Ended Ended 31-Dec-23 31-Dec•22 Amounts payable.. Within 1 year Between 1 and 5 years Total 1,176 1,068 2,244 1,027 912 1,939 16 Related Pa Transactlons No Trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year. Management and trustees made donations to the charity totalling £NIL (2022". £N IL).