THE COMMUNICARE TRUST (READING)
ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 OF MARCH 2025
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Dolling Lane Bosham PO18 8NF
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THE COMMUNICARE TRUST (READING)
CONTENTS
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Page 3 Legal and Administrative Information
Page 4 to 6 Trustees' Annual Report
Pages 7 Independent Examiner's Report on the accounts
Page 8 Statement of Financial Activities
Page 9 Balance Sheet
Pages 10 to 15 Notes to the Financial Statements
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THE COMMUNICARE TRUST (READING)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
1078694
COMPANY NUMBER
3843997
START OF FINANCIAL YEAR 1st April 2024 END OF FINANCIAL YEAR 31st March 2025 TRUSTEES IN THE YEAR ENDED 31ST MAR 2025 Mr A Taylor - Chair of Trustees Mrs A Burford Mrs M Codling - Resigned on 02.09.2024 Mr M Chalmers - Resigned on 04.03.2024 DR R Croft Ms Helen Taylor Mr G L Brooks - Appointed on 04.01.2024
GOVERNING DOCUMENT
The Communicare Trust (Reading) is a company limited by guarantee governed by its Articles and Association dated, 17 September 1999. lt is registered as a charity with the Charity Commission.
OBJECTIVES
The Relief of poverty, sickness and distress, especially but not exclusively by promoting the provision of free advice and counselling to persons who are in a condition of need, hardship or distress by reason of their social or economic circumstances .
REGISTERED ADDRESS
233 Kings Road Reading Berkshire RG1 4LS
BANKING
Co-op Bank
INDEPENDENT EXAMINER
Independent Examiners Ltd Unit 2, The Broadbridge Business Centre Delling Lane Bosham
PO18 8NF
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THE COMMUNICARE TRUST (READING)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 OF MARCH 2025
Objectives and activities
The principal objects of the charity are the relief of poverty, sickness and distress by promoting the provision of free advice and counselling. We do this by helping people in Reading meet their complete needs through offering information, advice, and support through a variety of channels.
Main sources of cash and resources
As a charity we rely on donations and support given to us by local Churches, individuals, corporate bodies and local and national grant awarding bodies.
Trust's Reliance on Volunteers
While the Trust has paid staff who carry out the majority of its operations, it relies on the voluntary efforts of many other individuals with the efficient running of the organization.
Achievement and Performance
2024/25 was the final full year of delivery of the following three contracts on behalf of Reading Borough Council:
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Tackling Poverty Partnership with 6 other voluntary sector organisations providing a wrap-around service for those most in
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need.
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Wellbeing Partnership with 3 other voluntary sector partners providing support for those in need of care.
• Carers Partnership with 3 other voluntary sector organisations which provides care and assessments for carers in both Reading and West Berkshire.
In 2025/26 we shall be bidding along with partners to renew these contracts.
Overall, we helped around 6,250 clients, an increase of 12% on 2023/24, 75% face to face and 25% by telephone or email. In line with our strategy to cope with growing demand, the percentage of clients helped face to face on home visits and at outreach sessions on other organisations’ premises continued at around 30%. Whilst the issues dealt with continued to be dominated by benefits, representing 56% of the total, housing related issues continued at a relatively high level, 12%, and we were also helping with about 50 carer related issues each month.
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THE COMMUNICARE TRUST (READING)
TRUSTEES' REPORT (Continued)
FOR THE YEAR ENDED 31 OF MARCH 2024
Financial Review
Our finances remain in a good position and at the end of 2024/25 we had net assets of over £234,000. We had a net operating deficit in the year of just over £21,000, compared to a budgeted deficit of £33,000, due mostly to higher donations than budgeted. Our investment fund fell slightly in year by about £1k, so overall our net loss was closer to £21,000.
The CCLA investment is still over £20,000 more than when first invested in 2019. United Trust Bank bond paid £2,458 on our investment of £51k bringing the total now held to £53,458. This was money we moved from the CCLA bond account because it had lost over £4k of its original value. We are close to recovering that loss and when it matures this year, we will have fully recovered the loss. Decisions about further reinvestment will be made closer to maturity and when we know the outcome of our Reading BC bids.
Our policy is to hold minimum reserves of 3 months expenditure which we are currently achieving.
Our current assets will allow us to be fully operational in 2025-26, without further funding but not beyond 2026-27.
No member of staff is paid more than £60,000 pa. No Trustees receive remuneration, and none was paid any expenses during 2024/25.
Structure, Governance and Management
The organisation is a charitable company limited by guarantee, incorporated on 17 September 1999 and registered as a charity on 21 December 1999. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £50.
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles and are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected by the other Trustees at a meeting having been given 28 days' notice of the nomination.
The CommuniCare Trust (Reading) Ltd has a Management Committee of a minimum of five members who meet quarterly and are responsible for the strategic direction and policy of the charity. During 2024/25 the Committee had six Trustee members from a variety of professional backgrounds one resigned after 9 years’ service. At the end of 2024/25 Gary Brooks took over as Chair of the CommuniCare Trust from Andrew Taylor. A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the Executive Director. The Executive Director is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met and has responsibility for the day to day operational management of the Centre, individual supervision of the staff and volunteer team and ensuring that the team continue to develop their skills and working practices in line with good practice.
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THE COMMUNICARE TRUST (READING) THE COMMUNICARE TRUST (READING) TRUSTEES' REPORT (Continued) TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31 OF MARCH 2025 FOR THE YEAR ENDED 31 OF MARCH 2025
Statement of Responsibilities Statement of Responsibilities
The The trustees trustees (who (who are are also also the the directors directors of of The The CommuniCare CommuniCare Trust Trust (Reading) (Reading) for for the the purposes purposes of of company company law) law) are are responsible responsible for for preparing preparing the the trustees' trustees’ report report and and the the financial financial statements statements in in accordance accordance with with applicable applicable law law and and United United Kingdom Kingdom Accounting Accounting Standards Standards (United (United Kingdom Kingdom Generally Generally Accepted Accepted Accounting Accounting Practice), Practice}, including including FRS FRS 102 102 "The “The Financial Financial Reporting Reporting Standard Standard applicable in the UK and Republic of Ireland". applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year, Under company law the trustees must Company not approve law requires the financial the trustees statements to prepare unless they financial are satisfied statements that for they each give financial a true year. and fair Under view company of the state law the of trustees affairs of must the not charitable approve company the financial and of statements the incoming unless resources they are and satisfied application that they of resources, give a true including and fair its view income of the and state expenditure, of affairs of of the the charitable charitable company company and for that of the period. incoming In preparing resources these and financial application statements, of resources, the trustees including are required its income to: and expenditure, of the
charitable company for that period. In preparing these financial statements, the trustees are required to:
«observe the methods and principles in the Charities SORP; • select suitable accounting policies and apply them consistently; * make judgements and estimates that are reasonable and prudent; • observe the methods and principles in the Charities SORP; * state whether applicable accounting standards, comprising FRS 102 have been followed, subject ta any material departures • make judgements and estimates that are reasonable and prudent; disclosed and explained in the financial statements; and • state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures * prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company disclosed and explained in the financial statements; and will continue in business.
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can 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 Companies The Act trustees 2006. They are are responsible also responsible for keeping for safeguarding proper accounting the assets records of the that charitable can disclose company with and reasonable hence for accuracy taking reasonable at any time steps the financial for the prevention position of and the detection charitable of company fraud and and other enable irregularities. them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small companies provision statement The annual report was approved by the trustees of the charity and signed on its behalf by:
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the trustees of the charity and signed on its behalf by: Signed on behalf of the Directors. .....g.0cchteeSl nee, ne oe eoYY. Director.
Signed on behalf of the Directors ....................................................................., Director. Date: Af 20.2.5... Print name: ........................................................
Date: ..................................................
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INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Report to the charity trustees of The Communicare Trust (Reading) on the accounts for the year ended 31st March 2025 set out on pages 8 to 15.
Responsibilities and basis of report
As the charity’s trustees of The Communicare Trust (Reading) (and also 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 Communicare Trust (Reading) Ltd 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 carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of The Communicare Trust (Reading) Ltd as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
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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 charities preparing their accounts in accordance with the Financial Reporting 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 a proper understanding of the accounts to be reached.
Zita Derbak MAAT AATQB Sign: Independent Examiners Ltd Unit 2, The Broadbridge Business Centre Delling Lane Date: 08.08.2025 Bosham PO18 8NF
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THE COMMUNICARE TRUST (READING) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OF MARCH 2025
| Notes INCOMING RESOURCES Income and Endowments from: Donations and Legacies 2a,11 Investments 2b Other 2c TOTAL RESOURCES EXPENDED Expenditure on: Charitable Activities 3a,11 TOTAL NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS/(LOSSES) NET INCOME/(EXPENDITURE) Transfers between funds Unrealised Gains/(Losses) on Investments Realised Gains/(Losses) on Investments NET MOVEMENTS IN FUNDS Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD NET MOVEMENT IN FUNDS BEFORE OTHER RECOGNISED GAINS/(LOSSES) |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2025 2024 £ £ £ £ 132,533 667 133,200 164,277 3,852 - 3,852 780 637 - 637 1,384 137,022 667 137,689 166,441 157,193 599 157,792 149,002 157,193 599 157,792 149,002 -20,171 68 -20,103 17,439 -20,171 68 -20,103 17,439 - - - - -20,171 68 -20,103 17,439 -1,133 - -1,133 9,013 - - - 358 -21,304 68 -21,236 26,810 255,304 209 255,513 228,703 234,000 277 234,277 255,513 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 10 to 15 form part of these financial statements.
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THE THE COMMUNICARE TRUST (READING) COMMUMNICARE TRUST (READING) COMPANY COMPANY NUMBER : 3843997 NUMBER : 3843997 BALANCE BALANCE SHEET SHEET FOR THE YEAR ENDED 31 OF MARCH 2025 FOR THE YEAR ENDED 31 OF MARCH 2025
| Note | Unrestricted Funds Unrestricted Funds Fa |
Restricted Funds Restricted Funds £ |
31-Mar-25 Total 31-Mar-25 Total £ |
31-Mar-24 Total 31-Mar-24 Total £ |
|
|---|---|---|---|---|---|
| Fixed Assets | Note | £ | £ | £ | £ |
| Fixed Assets Tangible assets |
6 | - | * | i, | a |
| Tangible assets | 6 | - | - | - | - |
| Current Assets | |||||
| Current Assets Debtors Cash at bank and in hand Investment Total Current Assets Gents Cashatbank and in hand Investiient Tetal Current Assets Creditors: amounts falling duewithin ene year |
8 9,11 7 & B11 7 10 |
9,458 153,075 75,787 238,320 9,458 153,075 75,78? 238,320 -4,.320 |
- 277 - 277 - 277 “ 277 - |
9,458 153,352 75,787 238,597 9,458 153,352 75,7oy 238,597 <4,320 |
- 182,648 76,920 259,568 162,646 76,920 259,568 4,055 |
| Creditors:amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETSless current liabilities NET ASSETS NETCURRENT ASSETS TOTALASSETS lesscurrent liabilities MET ASSETS Funds ofthe Charity |
10 | -4,320 234,000 234,000 234,000 234,000 234,000 244,000: |
- 277 277 277 277 27? 277 |
-4,320 234,277 234,277 234,277 234,277 234,277 234,277 |
-4,055 255,513 255,513 255,513 255,313 #55,313 255,513 |
| General Funes | 234,000 | = | 234,000 | 255,304 | |
| Funds of the Charity fresbricted Funds |
Et | - | ar? | aie | 209 |
| General Funds TotalFunds |
234,000 234,000 |
- 277 |
234,000 234,277 |
255,304 235,513 |
|
| Restricted Funds | 11 | - | 277 | 277 | 209 |
| Total Funds 234,000 For the year ending 2ist March 2025 the Company was entitled to exemation from |
277 234,277 255,513 audit under section 477(2) of the Companies |
Directors® For the year ending 31st March 2025 the Company was entitled to exemption from audit under section 477(2) of the Companies responsibility: Act 2006 relating to small companies.
section 476; and Directors' responsibility: 2. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts, 1. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and These financial statements have been prepared in accordance with the special provisions applicable to compames subject to the 2. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting small companies’ regime within Part 15 of the Companies Act 2006 and in accordance with FRSLO2 SORP. records and the preparation of accounts.
The financtal statements on pages Band 9 were approved by the directors, and authorised for issue on: These financial statements have been prepared in accordance with the special provisions applicable to companies subject to the
small companies' regime within Part 15 of the Companies Act 2006 and in accordance with FRS102 SORP. f iH Pal Date: - ‘i rca yi af pe ae I The financial statements on pages 8 and 9 were approved by the directors, and authorised for issue on: Signed and appraved by an behalf of all the Directors: Pereafa “4 f ol eadi Ffy Vf Pi Ceta ies, les | Date: Print name: . = 24
Signed and approved by on behalf of all the Directors:
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THE COMMUNICARE TRUST (READING) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OF MARCH 2025
Charity status
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £50 towards the assets of the charity in the event of liquidation.
1. ACCOUNTING POLICIES
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement 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 Standard 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 and Charities Act 2011.
Basis of preparation
The Communicare Trust (Reading) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
INCOME
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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the charity becomes entitled to the income;
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it is more likely than not that the trustees will receive the resources; and
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the monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and Donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
Tax Reclaims on Donations and Gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Contractual Income and Performance Related Grants
This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.
Gifts in Kind
Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.
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THE COMMUNICARE TRUST (READING) NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 OF MARCH 2025
Donated Services and Facilities
Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
Volunteer Help
The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report.
Income from interest, royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
Insurance claims
Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other income in the SoFA.
Income from membership subscriptions
Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.
Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.
Expenditure and liabilities
The charity has opted to prepare its accounts using natural categories.
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance and Support Costs
Support costs represent the cost of central functions, for example governance costs, payroll administration, information technology. Governance costs are those support costs which relate to public accountability of the charity and its compliance with regulation and good practice.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.
Employee benefits
Short term benefits including holiday pay are recognised as an expense in the period in which the service is received.
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THE COMMUNICARE TRUST (READING) NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 OF MARCH 2025
Redundancy cost
The charity made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date
Fixed Assets
These are capitalised if their value is £1,000 or more, if they can be used for more than one year, and are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
| 2. ANALYSIS OF INCOME | Unrestricted | Restricted | TOTAL TOTAL |
||
|---|---|---|---|---|---|
| Funds | Funds | 2025 2024 |
|||
| £ | £ | £ £ |
|||
| a) Donations and Legacies | |||||
| Donations, grants & support | 11 | 132,533 | 667 | 133,200 127,969 |
|
| 132,533 | 667 | 133,200 127,969 |
|||
| b) Investments | |||||
| Interest received | 3,852 | - | 3,852 220 |
||
| 3,852 | - | 3,852 220 |
|||
| c) Other Income | |||||
| Other income | 637 | - | 637 1,210 |
||
| 637 | - | 637 1,210 |
|||
| 3. ANALYSIS OF EXPENDITURE | Unrestricted | Restricted | TOTAL TOTAL |
||
| a) Charitable Activities | Notes | Funds £ |
Funds £ |
2025 2024 £ £ |
|
| Salaries and NI | 4,11 | 139,475 | - | 139,475 135,281 |
|
| Staff Pension | 4,135 | - | 4,135 3,694 |
||
| Insurance | 355 | - | 355 768 |
||
| Professional fees | 1,842 | - | 1,842 - |
||
| Travelling Expenses | 170 | - | 170 413 |
||
| Telephone/Internet | 1,968 | - | 1,968 1,835 |
||
| Repair and maintenance | 1,572 | - | 1,572 - |
||
| Postage & Stationery | 1,785 | - | 1,785 1,664 |
||
| Training | 256 | - | 256 192 |
||
| Independent Examiner's Fee | 1,404 | - | 1,404 1,230 |
||
| Accountancy | 569 | - | 569 499 |
||
| General expenses | 978 | 599 | 1,577 1,122 |
||
| IT costs | 806 | - | 806 1,215 |
||
| Subscriptions | 1,878 | - | 1,878 1,089 |
||
| 157,193 | 599 | 157,792 149,002 |
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THE COMMUNICARE TRUST (READING) NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 OF MARCH 2025
| 4. STAFF COSTS AND NUMBERS Gross Wages and Salaries Employer's National Insurance Costs National Insurance Allowance Pension Contributions |
2025 2024 £ £ 135,135 131,381 9,340 8,900 -5,000 -5,000 4,135 3,694 143,610 138,975 |
|---|---|
No employee received emoluments in excess of £60,000 for the period. (2024: Nil)
Average number of employees in the year was 9. (2024: 5)
5. TRUSTEES AND OTHER RELATED PARTIES
No trustee was paid for any additional roles in this financial year. (2024:Nil) No transactions took place between trustees and related parties in the financial year. (2024: Nil)
One trustee paid £600 of unconditional donation to the charty in this financial year.
No trustee reimbursement took place in this financial year (2024: Nil).
6. TANGIBLE FIXED ASSETS
The charity has no fixed assets in Property, Fixtures & Fitting or Equipment in a value of £1,000 or more. (2024: Nil)
| 7. CURRENT ASSET INVESTMENT Market Value at 31st March 2024 Additions in the year at cost Disposals in the year Increase/ (Decrease) in valuation Market value at 31 March 2025 |
£ £ 76,920 - - - - - -1,133 - 75,787 - Fixed Interest Accumulation Fund Ethical Investment Fund |
TOTAL TOTAL 2024/25 2022/23 £ £ 76,920 0 - 0 - 0 -1,133 0 75,787 0 |
|---|---|---|
The Historical Cost of the investments totalled to £55,000.
Investment was purchased in 24.09.2019. Fixed Interest Accumulation Fund was sold in FY 23/24.
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THE COMMUNICARE TRUST (READING) NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 OF MARCH 2025
| 8. DEBTORS AND PREPAYMENTS Tax Recoverable Other Debtors |
Unrestricted Restricted Total Total Fund Fund 31-Mar-25 31-Mar-24 £ £ £ £ - - - - 9,458 - 9,458 - 9,458 - 9,458 - |
|---|---|
| 9. CASH AT BANK AND IN HAND Reserves Account Current Account Savings Account Fixed term Saving Petty Cash |
Unrestricted Restricted Total Total Fund Fund 31-Mar-25 31-Mar-24 £ £ £ £ 27,921 - 27,921 27,354 19,963 277 20,240 53,696 51,481 - 51,481 50,655 53,458 - 53,458 51,000 252 - 252 152 153,075 277 153,352 182,857 |
|---|---|
| Tax & Social Security Cost Crisis Payment Independent Examiners Fees 10. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
Unrestricted Restricted Total Total Fund Fund 31-Mar-25 31-Mar-24 £ £ £ £ 2,526 - 2,526 2,300 450 - 450 525 1,344 - 1,344 1,230 4,320 - 4,320 4,055 |
|---|---|
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THE COMMUNICARE TRUST (READING) NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 OF MARCH 2025
11. RESTRICTED FUNDS
| CURRENT REPORTING PERIOD Reading BC Fund for Carers National Lottery Community Fund PREVIOUS REPORTING PERIOD Big Lottery Fund National Lottery Community Fund |
Balance Balance 01-Apr-24 Income Expenditure Transfers 31-Mar-25 £ £ £ £ £ - 667 -390 - 277 209 - -209 - - 209 667 -599 - 277 Balance Balance 01-Apr-23 Income Expenditure Transfers 31-Mar-24 £ £ £ £ £ 9,137 - -9,137 - - - 23,226 -23,017 - 209 9,137 23,226 -32,154 - 209 |
|---|---|
The restricted funds are wholly represented by cash reserves of the charity.
12. RISK ASSESSMENT
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
13. RESERVES POLICY
The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
14. PUBLIC BENEFIT
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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