2021-03-31-accounts - Carers First

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Giving Dan his life back I was drlving one day when the thought came into my mind that rf I ju6t drove into a wall. it woukl be all over. My Garing role had taken over my life and I needed 8 Way oui. FortL*)8tely, I reached oul far help and CareTS Firsl gavo me my lrfe back.. Havlng someone dependent on hlm was someihirwJ Dan168rnt from a young age caring for his mum who has emotional instability personality disorder. This followed him lo adulthood wher8 he now cares for his wlfe, Nlcci. and his step50n who has aLrtlsm. The biggest challenge Dan has fraced caring is thè1881ing he had to fjo il all alone. He always ihoughl of himseif a8 being able to hold it together and his childlx)od experience had made him sen5iliv8 to looking after his mentsl health. Hth¥ever, being on (xll 2417 and 'moving from one person's crisls lo anotherf led him lo Ihat fateful d8y fft the car. Dan had never reIved a Carors Assessment desplte carlng since Ihe 8g6 of five. car$ First has helped hlm secure 8 personal budgel IhrDugh a r6ceftt slalulory C8fer8 Assessmenl that wlll help cover addibonal costs of caring which has m8de him feel mor& in conlrol Dan 5ays.-11 has helped me realise I'm nat alone in the difficultles I've laced an there is help available Talking to s¢JMeone outSKle my situation made me reallse how much my carin9 role was affectin9 my physical and mental health. leaml that I could g4ve myself permissiorf. think of myself aFKI I don't have to feel guilty.. Dan has now found more balance in hFS lrfe afKI Is thriving. He has lime to see friends and has akn enjoyed volunteering. Fillingly, he has recently Page 17of44 Carers First

				2021	2021	2021	2020
				tjnrestricted	Restricted	Total	Total
			Note	funds f	funds	funds	funds
Income from:
Donations and legacies			2	93,161	489,741	582,902	282,620
Charitable activities			3	3,494,997	170,000	3,664,997	3,413,805
Investments				37,230		37,230	44,262
Total income				3,625,388	659,741	4,285,129	3,740,687
Expenditure on:
Raising funds				71,891		71,891	37,818
Charitable activities			4	3,413,172	647,158	4,060,330	3,678,589
Total expenditure				3,485,063	647,158	4,132,221	3,716,407
Net gains/(losses) on	investments			222,390		222,390	( 200,129)
Net income/(expenditure)		and net
movement in funds			7	362,715	12,583	375,298	( 175,849)
Reconciliation offunds:
Total funds brought	forward			1,301,492	257,577	1,559,069	1,734,918
Total funds carried	forward		13	1,664,207	270,160	1,934,367	1,559,069

					2021		2021	2020	2020
			Note				k
Fixed assets
Tangible assets				9			62,654		44,190
Investments				10		1,223,394			928,779
						1,286,048			972,969
Current assets
Debtors				11	272,523			249,978
Cash at bank and		in hand			938,121			752,821
					1,210,644			1,002,799
Liabilities
Creditors: amounts		falling due within
one year				12	( 562,325)			( 416,699)
Net current	assets						648,319		586,100
Total net assets						1,934,367			1,559,069
The funds ofthe charity
Unrestricted	funds			13		1,664,207			1,301,492
Restricted	income	funds		13			270,160		257,577
						1,934,367			1,559,069
The financial	statements		were approved	by	the Board ofTrustees		on .22.@goober..2021.......		and were
signed on its	behalf	by:
i I					.r..I,J I~II
P Davis					P Fennell
Chair ofTrustees					Chair of Finance	Committee

			202f	2020	2020
	Note
Cash flows from operating activities:
Net cash provided by operating activities	A		239,851		36,727
Cash flows from investing activities:
Interest and dividends received		37,230		44,262
Purchase of tangible fixed assets		( 62,151)		( 23,241)
Purchases of investments Sales of investments		( 351,593) 321,963		( 85,547) 57,015
Net cash used in investing activities			( 54,551)		( 7,511)
Change in cash and cash equivalents			185,300		29,216
Cash and cash equivalents at the beginning ofthe year			752,821		723,605
Cash and cash equivalents at the end of	the year		938,121		752,821
A. Reconciliation ofnet income to net cash flow		from operating	activities
Net income/(expenditure) for the year As per the Statement ofFinancial Activities			375,298		( 175,849)
Adjustments for:
Depreciation charges		43,687		45,352
Net (gains)/losses on investments		( 264,985)		200,130
Interest and dividends receivable		( 37,230)		( 44,262)
(Increase)/decrease in debtors		( 22,545)		132,074
Increase/(decrease) in creditors		145,626		( 120,718)
		(	135,447)		212,576
Net cash provided by operating activities			239,851		36,727

Income from donations	2021	2020
Grants	525,844	209,958
Donations	57,058	72,662
	582,902	282,620

Income	from charitable activities
		2021	2020
Activity:	Carers services
Medway	Council	327,908	331,379
Medway	PCN	82,989
Lincolnshire County Council		1,431,052	1,466,558
Waltham	Forest Borough Council	182,111	176,610
Hackney	Borough Council	192,013	96,007
Haringey	Borough Council	87,299	83,788
Newham	Borough Council	209,211	156,500
Essex County Council		901,451	900,000
NHS Kent & Medway CCG		250,963	190,001
Southend-on-Sea Borough Council			11,594
Charges	to service users		1,367
		3,664,997	3,413,805

Expenditure on charitable	activities
		2021	2020
Activity: Carers services
Direct costs	Note 5	3,485,270	3,125,698
Support costs	Note 6	575,060	552,891
		4,060,330	3,678,589

Direct costs o	fcharitable	activities
			202$	2020
Staff costs			2,914,030	2,607,950
Staff expenses,	recruitment	and training	19,703	32,617
Project costs			448,255	427,701
Grants paid to	individuals		103,282	57,430
			3,485,270	3,125,698

6	Support costs
							2021	2020
	Staff costs						193,114	211,711
	Staff expenses, recruitment				and training		23,246	28,984
	Rent and service charges						58,489	66,868
	Other premises expenses						23,446	42,050
	Insurance						12,583	11,911
	Office and ITcosts						151,923	116,157
	Legal and professional		fees				26,980	13,751
	Audit fees						12,075	25
	Payroll processing	fees					6,313	5,982
	Trustee expenses,	meetings,			recruitment	and training	9,958	1,160
	Bad debts						658
	Bank charges						309	624
	Professional membership			fees			12,279	8,733
	Depreciation						43,687	45,352
	Irrecoverable VAT							( 417)
							575,060	552,891
7	Net income/(expenditure)
							2021	2020
	Net income/ (expenditure)			is	stated after	charging:
	Audit fees						12,075	25
	Depreciation						43,687	45,352
	Net gains/(losses)	on	investments				222,390	( 200,129)
	Rent paid under operating				leases		58,489	66,868

Staffcosts
				2021	2020
Gross salaries				2,890,491	2,602,157
Employer's National	Insurance		contributions	204,766	184,014
Pension and healthcare		costs		77,367	64,266
				3,172,624	2,850,437

The avera	ge	numbe	r ofemployees during the year on	a headcount basis was as follows:
				2021	2020
				No.	No.
Management				4	6
Administration		and	HR	20	22
Outreach	and	carer	support	121	108
				145	136

	Tangible fixed as	sets
				Fixtures,
				fittings /f
				equipment
	Cost
	At 1 April 2020			254,000
	Additions			62,151
	Disposals			( 140,675)
	At 31 March 2021			175,476
	Depreciation
	At 1 April 2020			209,810
	Charge for the year			43,687
	Eliminated on disposal			( 140,675)
	At 31 March 2021			112,822
	Net book value
	At 31 March 2021			62,654
	At 31 March 2020			44,190
10	Investments
			2021	2020
	Market value
	At 1 April 2020		928,779	1,100,377
	Additions		351,593	85,547
	Sales proceeds		( 321,963)	( 57,015)
	Net gains/(losses)	on investments	264,985	( 200,130)
	At 31 March 2021		1,223,394	928,779

Debtors
				2021	2020
Trade debtors				252,539	225,971
Other debtors					2,024
Prepayments and accrued income				19,984	21,983
				272,523	249,978
Creditors: amounts	falling due within one year
				2021	2020f
Trade creditors				61,079	47,673
Taxation and social security				209,128	192,829
Deferred income				43,888	36,361
Other creditors				13,169	11,559
Accruals				235,061	128,277
				562,325	416,699
Deferred income:
Incoming resources deferred		in the previous	period	36,361	12,750
Released to the Statement of Financial Activities				( 30,477)	( 12,750)
Incoming resources deferred		in the current period:
Grants and contract income				38,004	36,361
				43,888	36,361

Movement on fu	nds
					Transfers/
		At f April			Gains and	At3f
		2020	Income	Expenditure	(losses)	March 2021
Unrestricted funds
General fund		1,301,492	3,625,388	( 3.485,063)	222,390	1,664,207
		1,301,492	3,625,388	( 3,485,063)	222,390	1,664,207
Restricted income funds
NHS Carers and	Crisis
Service pilot		45,359	135,000	( 155,876)		24,483
Children in Need			52,698	( 52,698)
Medway carers support		126,798	35,000	( 33,490)		128,308
Carers Trust		400				400
Colyer-Fergusson
Charitable Trust			22,035	( 22,035)
Young Londoners			15,676	( 15,676)
Other donations	and
grants		85,020	250,273	( 225,634)		109,659
Health and Wellbeing			74,060	( 74,060)
Mercers			74,999	( 67,689)		7,310
		257,577	659,741	( 647,158)	-	270,160
Total funds		1,559,069	4,285,129	( 4,132,221)	222,390	1,934,367

Comparative figures	Comparative figures				Transfers/
		At 1April			Gains and	At 31
		2019	Income	Expenditure	(losses)	Nfarch 2020
Unrestricted funds
General fund		1,519,253	3,354,219	( 3,371,851)	( 200,129)	1,301,492
		1,519,253	3,354,219	( 3,371,851)	( 200,129)	1,301,492
Restricted income funds
NHS Carers and	Crisis	20,352	135,000	( 109,993)
Service pilot						45,359
Children in Need			36,001	( 36,001)
Medway carers support		133,938	35,000	( 42,140)		126,798
Carers Trust		400				400
Colyer-Fergusson Charitable Trust			18,453	( 18,453)
Young Londoners			19,884	( 19,884)
Other donations grants	and	60,975	142,130	( 118,085)		85,020
		215,665	386,468	( 344,556)		257,577
Total funds		1,734,91S	3,740,687	( 3,716,407)	( 200,129)	1,559,069

Analysis ofnet assets between	funds
		Unrestricted	Restricted	Total
		funds	funds	funds
Fund balances at 31 March 2021	are represented	as follows:
Tangible fixed assets		62,654		62,654
Investments		1,223,394		1,223,394
Net current assets		378,159	270,160	648,319
		1,664,207	270,160	1,934,367

Fund balances at 31 March 2020 are represented
Tangible fixed assets	44,190		44,190
Investments	928,779		928,779
Net current assets	328,523	257,577	586,100
	1,301,492	257,577	1,559,069

cancellable operating leases as follows:
	2021	2020
Land and buildings
Due not later than one year	34,181	46,681
Later than one year not later than five years	18,468	51,798
Other
Due not later than one year	629	2,517
Later than one year not later than five years		382
	53,278	101,378