KNOWSLEY CARERS CENTRE ANNUAL REPORT & UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Company Registration No. 04033165 Charity Registration No. 1082311
, KNOWSLEY CARERS CENTRE CONTENTS Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examinerfs Report Statement of Financial Activities Balance Sheet 10 Statement of Cash Flows Notes to the Financial Statements 12
. KNOWSLEY CARERS CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 The trustees are pleased to present their annual report for the year ended 31 sl March 2024. The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland published (FRS 102) as amended for accounting periods commencing from 1 St January 2019. OBJECTIVES AND ACTIVITIES The main objectives of Knowsley Carers Centre are: To alleviate conditions of life amongst people who are caring or have cared for an elderly, sick, disabled or infirm person living at home and to promote their welfare. To relieve, alleviate and to advan, promote and assist in the relief of all kind of mental and physical infirmity, sickness, disablement including mental illness attributed to caring, amongst carers and those persons to whom they are caring. To advance education concerning caring amongst the carers and the public. The Trustees have regular meetings to agree strategy and endorse decisions regarding the day-to-day activities of the ntre. Knowsley Carers Centre provides the following services: Infomation and Advice Training Newsletter Carers, Social Groups (Coffee groups) Holistic Therapies Social Events (Day trips) Practical and emotional support Signpostinglreferral to specialist ser*/ices and agencies Carers, forumslmeetings Drop In Carers ID card Benefits Advice Counselling Service Public Benefit Statement: In considering the objectives and activities, the Trustees have considered Charity Commission guidance on Public Benefit to ensure that the organisation is meeting its Public Benefit requirements. ACHIEVEMENTS AND PERFORMANCE Knowsley Carers Centre will continue to build on its sU$S and On again express their gratitude to Knowsley Metropolitan Borough Council for the continuing support. It is through this support from our valued partners that Knowsley Carers Centre can continue to provide an independent service for carers throughout Knowsley. The Trustee Board (management committee) consists of carers and community members who have first-hand experience of the many difficulties, stresses, and frustrations that carers experien in their caring role and the impact it has on their daily lives.
KNOWSLEY CARERS CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 The main aims of the Carers Centre are to improve the lives of carers and to ensure they a properly valued and supported. Knowsley Carers Centre is a network member of the Carers Trust and appreciates the help and guidance provided by them. We continue receiving funding from KMBC in the form of a 'Lead Organisation to Deliver Carers Services, contract and the work of the Carers Centre has been continued to be enhanced. This contract involves sub-contracting services to the Alzheimer's Society Knowsley and Kirkby Caring Companions Club. The Carers Centre has seen a higher number of new referrals supported by the service during this year to previous years. We have managed through publicity, networking, and word of mouth to find and support hidden carers and provide a much-needed service to them. The staff have provided a great deal of support to carers during this year including information, emotional support, advice, and other seNices including counselling, support groups and benefits advice. We have also continued to deliver a programme of carer awareness training to staff from other organisations to raise their awareness of the issues faced by carers. The carers identification card has proved very beneficial to carers. The benefits advice service has again provided a much-needed service to carers across the borough. We have worked closely with KMBC on the carerfs assessment prOsS for carers of an adult and under the contract we carry out Carers Assessment Triages prior to a carer having a carers assessment. The Carers Centre will continue to deliver a high-quality service to carers in Knowsley and is proud of the support it reiVeS from the community. Through funding from KMBC'S Household Support Fund, we have delivered the food and friendship sessions and the carers food scheme which have proven to be a lifeline to carers struggling financially in these difficult times. The organisation looks forward to the challenges and further achievements of the coming year and hopes to welcome present and future carers to the Carers Centre. FINANCIAL REVIEW Total income for the year was £531,492 (2023.. £521,807) of which £42.279 (2023: £35,117) related to funding for projects upon which restrictions are placed. Total expenditure for the year was £498,821 (2023: £480,475), leaving a surplus for the year of £32,671 (2023.. surplus £41,332). At 31 St March 2024 the charitable company's reserves stood at £360,389 (2023.. £327,718) of which £40,828 (2023: £33,752) represented restricted funds. Risk Management Knowsley Carers Centre holds a tendered contract with Knowsley Metropolitan Borough Council (KMBC), to deliver carers services in Knowsley. The original contract period is 3 July 2017 to 2 July 2022, which was extended until 30 June 2024. It looks like the contract will be extended until 31 St January 25 while a new tender for carers services is being developed and actioned. This contract forms the main funding for the charity and the services we deliver to carers. Full consideration is given by the Trustees of Knowsley Carers Centre to the implications and risks associated with entering contracts for the service delivery. The Trustees maintain oversight of the charity's performance against the operational delivery requirements of the contract. We have identified any potential loss or reduction in the contract funding from
KNOWSLEY CARERS CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 KMBC as a serious risk to the organisation and the carers we support. Strategies are continually being put in place to mitigate against any serious financial and operational risks associated with potential loss of, or reduction in, contract income from KMBC. The Trustees have identified the main risks to the organisation are the following. dependency on limited income sources potential termination, or significant reduction, of grant funding or loss of contracts turbulent economic or political environment potential lack of ability to continue to deliver services to carers The Trustees are continually putting strategies in place to manage the above risks to the charity. The trustees have given full consideration to and reviewed at board meetings the risks and implications of entering into the contract and are satisfied that its terms are in the charity's best interests, including in relation to: its finances achieving full cost-recovery remaining solvent for at least 5 years sub-contracting arrangements independence from KMBC (as the funder) fitting with the mission statement and objectives of the charity meeting the needs of current and future beneficiaries its reputation The Trustees receive regular reports from the manager (contract lead) at board meetings, who informs the trustees of the charity's performance against the delivery outputs and outcomes of the contract. Minutes of the meetings held with KMBC, statistical reports and outputs and financial reports regarding the contract are circulated to the board members and discussed at board meetings. The Trustees will continue to review and evaluate the risks to the organisation. The main risks to which the charity is exposed as identified by the Trustees have been considered and systems are continually being established to mitigate those risks. Reserves Policy The aim of Knowsley Carers Centre reserves policy is to ensure the ongoing and future activities are reasonably protected from unexpected changes in income and expenditure. The Trustee Board reviews the level of reserves on an annual basis in line with its Reserves Policy. The Trustees of Knowsley Carers Centre have examined the requirements for reserves to ensure the charity can meet all its obligations and have a three-month running cost reserve. This means the charity aims to maintain a level of reseNes equivalent to three months, essential operating costs which currently amount to approximately £186,162. This is made up of £115,905 running costs and £70,257 redundancy payments. We currently have £319,561 (2023:£285,945) unrestricted reserves which is adequate to cover the essential running costs. PLANS FOR FUTURE The aims of Knowsley Carers Centre for the future are to maintain its current servIs, develop new services for carers and to increase the number of carers it supports and registers. We will actively target the hard to reach and marginalised hidden carers who live in isolation. We also
KNOWSLEY CARERS CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 aim to attract additional funding to increase its services where there are identified gaps in provision. We will also continue to help deliver some of the actions in the Carers Strategy for Knowsley covering 2020-25. STRUCTURE, GOVERNANCE AND MANAGEMENT Knowsley Carers Centre is a charitable company limited by guarantee (registered in England and Wales, No. 04033165) incorporated on 13th July 2000 and registered as a charity (number 1082311) on 6th September 2000. The charity is constituted as a company limited by guarantee and is therefore governed by its Memorandum and Articles of Association dated 13th July 2000. The charity was registered with the Charity Commission on 6th September 2000. It is managed by an Executive Committee of Trustees. The Board of Trustees are also its directors. Trustees are elected by Annual General Meetings of the members in accordance with the Articles of Association (as amended 7th December 2004).
KNOWSLEY CARERS CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Knowsley Carers Centre 04033165 Name Company Number Charity Number Registered Office 1082311 143 Bewley Drive Liverpool Merseyside L32 9PE Trustees J E Aston S P Donnelly S A Ellam J Harris (Chair) S McDermott M Meadows P Meadows J O'Brien D Phoenix (Appointed 9th May 2024) (Resigned 5th December 2023) Company Secretary Independent Examiner P Rowan Ying Huang ACCA LCVS 151 Dale Street Liverpool L2 2AH Bankers Natwest, Aintree Black Bull Longmoor Lane Aintree L9 OEG Signed on behalf of the Board of Trustees JHar Director and Chair Date
KNOWSLEY CARERS CENTRE STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees (who are also directors of Knowsley Carers Centre for the purpose of company law) are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial period that give a true and fair view of the state of affairs of the charitable company and of its income and expenditure for that period. In preparing those financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent" prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the company will continue as a going concern. state whether applicable accounting standards have been followed, subject to any material departure disclosed and explained in the financial statements. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable 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 detedion of fraud and other irregularities. The financial statements have been prepared in accordan with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published (FRS 102) as amended for accounting periods commencing from 1 st January 2019. By Order of the Board, P Rowan Company Secretsry 143 Bewley Drive Kirkby, Liverpool L32 9PE Date:
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KNOWSLEY CARERS CENTRE I report on the accounts of the charitable company for the year ended 31st March 2024, which are set out on pages 9 to 23. The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act, to follow the prOdureS laid down in the general Directions given by the Charity Commission (under section 145{5)(b) of the 2011 Act, and to state whether particular matters have come to my attention. My examination was carried out in accordan with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view, and the report is limited to those matters set out in the statement below. Res ective res onsibilities of trustees and examiner Basis of inde endent examinerfs statement In connection with my examination, no matter has come to my attention: which gives me reasonable cause to believe that in, any material respect, the requirements" to keep accounting records in accordan with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting Charities have not been met- or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Inde endent examinerfs statement Name: Mrs Ying Huang Relevant professional qualification or body: ACCA Address.. clo LCVS 151, Dale Street, Liverpool, L2 2AH Dated:
KNOWSLEY CARERS CENTRE STATEMENT OF FINANCIAL ACTIVITIES (including Income & Expenditure) FOR THE YEAR ENDED 31ST MARCH 2024 Notes Unrestricted Restricted Funds Funds 2024 2024 Totsl Total 2024 2023 Income and endowments from: Donations and legacies Charitable activities Investments 3a 1,474 487,060 679 1,474 1,409 42,279 529,339 520,177 679 221 3b Total income 489,213 42.279 531,492 521,807 Expenditure on: Charitable Activities 463,618 35.203 498,821 480,475 Total resources expended 463,618 35.203 498,821 480,475 Net income net movement in funds 25,595 7.076 32,671 41,332 Total funds brought forward 9,10 293,966 33,752 327,718 286,386 Totsl funds carried fonNard 8-10 319,561 40,828 360,389 327,718 The notes on pages 12 to 23 form part of these accounts. The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities of the charitable company.
KNOWSLEY CARERS CENTRE BALANCE SHEET AS AT 31ST MARCH 2024 Company Number: 04033165 Notes 31st March 2024 31st March 2023 Fixed assets Tangible fixed assets 7,780 8,021 Current assets Debtors Cash at bank and in hand 17.261 351,699 50,573 289,068 368,960 339,641 Current liabilities Creditors.. amounts falling due within one year (16,351) (19,944) Net current assets 352,609 319,697 Totsl assets less current liabilities 360,389 327,718 Funds: Unrestricted funds 319,561 40,828 293,966 33,752 Restricted funds 8,10 360.389 327,718 These financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies. regime and in accordance with FRS102 SORP. For the period covered by these accounts the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The trustees, who are the directors of the company, acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. Approved by the Board on: J Harris Director Date . gol81ty 10-
KNOWSLEY CARERS CENTRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2024 Notes 31sI March 2024 31st March 2023 Cash flows from operating activities Cash (used)Igenerated from operations 15 64,142 126,454 Investing activities Purchase of tangible fixed assets Investment income (2,190) 679 (2,057) 221 Net cash generated from financing activities (1,511) (1,836) Net increase in cash and cash equivalents 62,631 124,618 Cash and cash equivalents at beginning of year 289,068 164,450 Cash and cash equivalents at end of year 351,699 289,068 Represented by: 31st March 2024 31st March 2023 Cash at bank and in hand 351,699 289,068
KNOWSLEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 l. Limited Liability The charity is a company limited by guarantee. Each memberfs liability is limited to £1. 2. Accounting Policies Basis of accounting The financial statements have been prepared in accordance with the Statement of Recommended Practi. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) as amended for accounting periods commencing from 1 St January 2019 and Charities Act 2011 and the Companies Act 2006. The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The Charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. Going concern At the time of approving the accounts, the Trustees have a reasonable expectation that the charitable company has adequate reserves to continue in operational existence for the foreseeable future. The Trustees are confident that the levels of liquidity and free reserves will not affect the charity's operations. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. Fund accounting Unrestricted funds are the charity's free reserves available for the trustees to apply in accordance with the charitable company's Charitable objectives. Designated funds are funds set aside by the Trustees out of unrestricted funds for specific future purposes. Restricted funds are subject to specific restrictive conditions imposed by the donor. All restricted funds are accounted for as restricted income and expenditure for the purposes is charged to the fund. Income recognition All income is recognised once the charity has entitlement to the income, there is sufficient certainty of reIpt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Donations and legacies comprise of donations and general grants which are recognised in the accounts when received, with the exptIOn of known legacies which are accounted for when their receipt is certain. Income from charitable activities is recognised on an accrual's basis expt for grants receivable, which are recognised on the date on which their unconditional payment is confirmed by the donor. Income from investment relates to bank interest received and is recognised when the amount is certain. 12-
KNOWSLEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Expenditure recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charitable company to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual's basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Expenditure on charitable activities relates to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the charitable company. Support and governance costs relate to the management and operation of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charitable company. Fixed Assets Capital expenditure is stated in the balance sheet at cost less accumulated depreciation. Depreciation is provided to write off the cost of each asset over its expected useful life as below: Lease Premium Over the term of the lease 25 % per annum reducing balan basis Fixtures Fittings & Equipment Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction pri including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future reiptS discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 13-
KNOWSLEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Taxation Income and gains are exempt from taxation as they are received and applied for charitable purposes only. The charitable company benefits from various exemptions from taxation afforded by tax legislation and are not liable to corporation tax on income or gains falling within those exemptions. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 3. Income and endowments from: Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Totsl Funds 2023 . Donations and legacies Donations 1,474 1,474 1,409 Income from donations and legacies for 2023 related wholly to unrestricted funds. 14-
KNOWSLEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 b. Charitable Activities Contract income Carers Trust Awards Events Just Connect Knowsley Metropolitan Borough Council- Household support fund Knowsley Metropolitan Borough Council-Hardship Fund Knowsley Metropolitan Borough Council- Stronger Communities Training Winter Wellness Grant 487,000 487,000 10,379 60 485,000 6,525 10,379 60 23,992 19,400 19,400 185 5,000 5,000 400 7,500 7,500 60 4,600 Total 487,060 42,279 529,339 520,177 Income from charitable activities in 2023 comprised £485,060 unrestricted funds and £35,117 related to restricted funds c. Investments: Bank interest received 679 679 221 Income from investments for 2023 related wholly to unrestricted funds 4. Expenditure on charitable activities Direct Support & Charitable Governance Expenditure Costs Total 2024 Total 2023 To relieve, alleviate and to advance, promote and assist in the relief of carers 460.187 38,634 498,821 480,475 15-
KNOWSLEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 a. Analysed as follows: 2024 2023 Direct charitable expenditure.. Staff salary cosls Pension Rent and service charges Newsletter Room hire C8rers expensas Food Refreshments Equipment hire Equipment DBS fees 271,707 19.240 9.794 415 9.770 126,819 20,224 901 467 278,607 22,208 9.794 500 9,887 125,839 283 467 249 116 154 460,187 447.950 Support & governants costs.. Office costs Insurance Training expenses Subscriptions Recruitment Travel expenses Bank charges Sundry expenses Consultancy Companies House Payroll fees Accountancy Depreciation Loss on Disposal of Fixed Assets 18,133 5,699 918 18,217 4,989 257 2,825 700 38 309 1,139 1.036 5.423 13 704 1,265 2,335 13 663 1.200 2,213 38.634 32,525 Total expenditure on charitable activities 498.821 480,475 £35,203 (2023: £16,510) of the above expenditure relates to restricted funding. b. Analysis of staff costs 2024 2023 Staff costs Social security costs Pension 261,898 16,084 12,164 271,440 15,372 14,003 290.146 300.815 16-
KNOWSLEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 c. Particulars of employees: The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows.. 2024 11 2023 11 Charitable activities No employee reiVed emoluments of more than £60,000 during the year (2023.. Nil) The Trustees are not remunerated for their ServIS and are not included in the above number of employees. No out-of-pocket expenses were reimbursed to trustees in the year (2023.. £nil) 5. Tangible fixed assets Fixtures, Fittings & Equipment Totsl Cost As at 1st April 2023 Additions Disposal during the year 68,902 2,190 (1.741) 68,902 2,190 (1,741) Balance as at 3151 March 2024 69,351 69,351 Accumulated Depreciatlon As at 1" April 2023 Depreciation charge Disposal during the year 60,881 2,335 (1,645) 60,881 2,335 (1,645) Balance as at 31st March 2024 61,571 61.571 Net Book Value at 31st March 2024 7,780 7.780 Net Book Value at 31" March 2023 8,021 8,021 There were no material capital commitments at the year end. All fixed assets were used in the direct charitable activities of the organisation. 6. Debtors 2024 2023 Debtors Prepayments 4,850 12,411 39,583 10,990 17.261 50,573 17-
KNOWSLEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 7. Creditors: amounts falling due within one year 2024 2023 Creditors Accruals Other creditors 194 6,638 9,519 711 9,278 9.955 16.351 19,944 8. Analysis of net assets between funds Tangible Net Current Fixed Assets Assets Totsl Year End 2024 Unrestricted Funds General Fund KMBC - Carers Mental Health Services - Contract Knowsley Metropolitan Borough Council - Contract Knowsley Metropolitan Borough Council - Carers Service Knowsley Metropolitan Borough Council - Other 3,105 203,165 206,270 4,187 100,808 104,995 474 7,808 8,282 7.780 311,781 319,561 Restricted Funds Carers Trust Awards Just Connect Knowsley Metropolitan Borough Council- Household support fund Knowsley Metropolitan Borough Council Wellbeing Grant Knowsley Metropolitan Borough Council- Hardship Fund Knowsley Metropolitan Borough Council- stronger Communities Winter Wellness Grant 67 17,501 67 17,501 185 185 15,078 15,078 400 400 7,500 97 7,500 97 40,828 40,828 8,021 352,401 360,422 18-
KNOWSLEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Tangible Net Current Fixed Assets Assets Total Year End 2023 Unrestricted Funds General Fund KMBC - Carers Mental Health Services - Contract Knowsley Metropolitan Borough Council - Contract Knowsley Metropolitan Borough Council - Carers Service Knowsley Metropolitan Borough Council - Other 1,788 203,214 205,002 5,583 74,923 80,506 632 7,808 8,440 8,021 285,945 293,966 Restricted Funds Carers Trust Awards Just Connect 67 67 17,501 17,501 Knowsley Metropolitan Borough Council Wellbeing Grant Vffinter Wellness Grant 15,078 15,078 1,106 1,106 33,752 33,752 8,021 319,697 327,718 19-
KNOWSLEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 9. Unrestricted funds Movements in the ear Funds at beginning of year Income Expenditure Funds at end of year Year End 2024 General Fund KMBC - Carers Mental Health servIs - Contract Knowsley Metropolitan Borough Council - Contract Knowsley Metropolitan Borough Council - Carers Service Knowsley Metropolitan Borough Council - Other 205,002 2,213 (945) (2) 206,270 (2) 80.506 487,000 (462,511) 104,995 8,440 (158) 8,282 293,966 489.213 (463,618) 319,561 Movements in the ear Funds at beginning of year Income Expenditure Funds at end of year Year End 2023 General Fund KMBC - Carers Mental Health Services - Contract Knowsley Metropolitan Borough Council - Contract Knowsley Metropolitan Borough Council - Carers Service Knowsley Metropolitan Borough Council - Other 195,113 11,690 (1,801) {2) 205,002 (2) 67,299 475,000 (461,793) 80,506 8,807 (367) 8,440 271,241 486,690 (463,965) 293,966 Description of Funds General Fund - To finance the charitable company's general activities as outlined in the Trustees, Report. KMBC Carers Mental Health Services - Contract - To provide carers, activities. support and events. Knowsley Metropolitan Borough Council Contract - To provide carers, activities, support, and events. -20-
KNOWSLEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Knowsley Metropolitan Borough Council activities, support, and events. Carers Service To provide carers, 10. Restricted funds Movements in the ear Income Expenditure Funds at beginning of year Funds at end of year Year End 2024 Carers Trust Awards Just Connect Knowsley Metropolitan Borough Council Wellbeing Grant Knowsley Metropolitan Borough Council- Household support Fund Knowsley Metropolitan Borough Council- Hardship Fund Knowsley Metropolitan Borough Council- Stronger Communities Winter Wellness Grant 67 17,501 10,379 (10,379) 67 17,501 15,078 15,078 19.400 (19,215) 185 5,000 (4,600) 400 7,500 7,500 1,106 (1,009) 97 33,752 42,279 (35,203) 40,828 Movements in the ear Income Expenditure Funds at beginning of year Funds at end of year Year End 2023 Carers Trust Awards Just Connect Knowsley Metropolitan Borough Council Wellbeing Grant Winter Wellness Grant 67 6,525 23,992 (6,525) (6,491) 67 17,501 15,078 15,078 4,600 (3,494) 1,106 15,145 35.117 (16.510) 33,752 Description of Funds The restricted funds were provided for the following purposes: Carers Trust Awards - Small grants for individual carers Just Connect- Project aimed at reducing isolation & loneliness for carers & older people 21
KNOWSLEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Knowsley Metropolitsn Borough Council Wellbeing Grant- To provide wellbeing activities for carers. Knowsley Metropolitsn Borough Council- Household Support Grant- Deliver activities or interventions to reduce social isolation and loneliness Knowsley Metropolitan Borough Council Hardship Fund- Contribution towards Christmas food hampers Knowsley Metropolitan Borough Council- Stronger Communities - Deliver activities or interventions to reduce social isolation and loneliness Winter wellness grant- To Deliver activities to reduce social isolation and loneliness, help to reduce fuel & food poverty. 11. Lease Commitments The leases with Knowsley Metropolitan Borough Council dated 2009 ran out in October 2021, at present there is no lease in pla and the only commitment is to pay quarterly service charges. 12. Related Party Transactions There were no material related party transactions during the year which require disclosure (2023: none) 13. Contingent Liabilities The charitable company did not have any contingent liabilities at 31 sl March 2024 or 31 March 2023. sl 14. Guarantees The charitable company is a company limited by guarantee. At 31st March 2024 in the event of winding-up each member will contribute. if necessary, the sum of £1 . 2024 10 £10 2023 10 £10 Number of members Total guarantees -22-
KNOWSLEY CARERS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 15. Cash generated from operations 2024 2023 Surplusl(Loss) for the year 32,671 41,331 Adjustments for: Investment income Depreciation Loss on disposal of fixed assets (679) 2,335 96 (221) 2,213 Movements in working capital: (Increase)Idecrease in debtors Increasel(decrease) in creditors 33,312 {3,593) 78,280 4,851 Cash generated from operations 64,142 126,454 -23-