| Pages | ||
|---|---|---|
| Legal and administrative | details | |
| Trustees' annual report |
2-12 | |
| Independent examiner's |
report | |
| Statement offinancial activities |
14 | |
| Balance sheet | 15 | |
| Statement of Cash Flows | 16 | |
| Notes to the financial statements | 17-26 |
| Principal/Registered | Principal/Registered | Office | The Vestry Hall |
|---|---|---|---|
| 336-338London Road | |||
| Mitcham | |||
| Surrey | |||
| CR4 3UD | |||
| Independent | examiner | Jason Foxwell FCCA FCIE | |
| 39Enfield Road | |||
| Poole | |||
| BH15 3U |
| Principal | bankers | CAF Bank |
|---|---|---|
| 25 Kings Hill Avenue | ||
| Kings Hill | ||
| West Mailing | ||
| Kent | ||
| ME194JQ |
CARERS SUPPORT MERTON YEAR ENDED 31 MARCH 2023 Page left intentionally blank
| Notes | Unrestricted | RestrIcted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||||
| 2023 | 2022 | ||||||||
| a | a | f | |||||||
| Income from: | |||||||||
| Donations and legacies |
1,487 | 1,487 | 5,351 | ||||||
| Income from charitable | activities | ||||||||
| Adult Carers | 505,653 | 505,653 | 419,507 | ||||||
| Young Carers | 75,000 | 75,000 | 117,875 | ||||||
| Core Activities | 14,676 | 14,676 | 3,751 | ||||||
| Investments | 2,004 | 2,004 | 295 | ||||||
| Total income | 18,167 | 580,653 | 598820 | 546779 | |||||
| Expenditure on: |
|||||||||
| Charitable activities |
|||||||||
| Adult Carers | 492,689 | 492,689 | 397,550 | ||||||
| Young Carers | 94,758 | 94,758 | 128,643 | ||||||
| Core Activities | 8,213 | 8,213 | 8,848 | ||||||
| Total expenditure | 8,213 | 587,447 | 595,660 | 535041 | |||||
| Net income/(expenditure) | before other | ||||||||
| gains and losses | 9,954 | (6,794) | 3,160 | 11,738 | |||||
| Gain on revaluation | of pension | llablgty | 6,903 | ||||||
| Net gains/(losses) | on investments | (1,535) | (1,535) | 7,264 | |||||
| Net movement In |
funds | 8,419 | (6,794) | 1,625 | 25,905 | ||||
| Recondliatlon offunds: |
|||||||||
| Total funds brought | forward | 105,430 | 219,160 | 324,590 | 298,685 | ||||
| Total funds carried | forward | 16 | 113,849 | 212,366 | 326,215 | 324,590 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | e | e | ||||
| Fixed Assets | ||||||
| Investments | 69,635 | 71,170 | ||||
| Current Assets | ||||||
| Debtors | 12 | 5,336 | 10,198 | |||
| Cash at bank | 272,930 | 387,975 | ||||
| 278,266 | 398,173 | |||||
| Creditors: amounts within one year |
falling due | 13 | ~(23.686 | (143,348) | ||
| Net current assets | 257,180 | 254,825 | ||||
| Total assets less current liabilities | 326,815 | 325,995 | ||||
| Creditors: amounts | falling due | |||||
| after more than one | year | 14 | (600) | (1,405) | ||
| NET ASSETS | e326,215 | e324,590 | ||||
| The funds ofthe charIty: | ||||||
| Restricted funds | 17 | 212,366 | 219,160 | |||
| Unrestricted income |
funds | 113,849 | 105,430 | |||
| e326,215 | e324,590 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| a | a | ||||
| Net cash used in operating | activities | (115,045) | 161,040 | ||
| Change In cash and cash equivalents |
In the year | (115,045) | 161,040 | ||
| Reconclllatlon: | |||||
| Cash and cash equivalent | brought | forward | 387,975 | 226,935 | |
| Total cash and cash equivalents | carried forward | 272,930 | 387,975 |
| Reconciliation ofnet movement |
in funds to | ||
|---|---|---|---|
| net cash used In operating octivities |
|||
| Net movement in funds for the year |
1,625 | 25,905 | |
| Adjustments for: |
|||
| (Gains) on investments | 1,535 | (7,264) | |
| (Gains) on revaluation of pension |
liability | (6,903) | |
| Decrease/(increase) in debtors |
4,862 | 21,302 | |
| Increase/(Decrease) In creditors |
(123,067) | 128,000 | |
| Net cash used In operating acthrittes |
115,045 | 161040 |
CARERS SUPPORT MERTON YEAR ENDED31 MARCH 2023 Page left intentlonalty blank 181 Page
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| e | |||||
| Grants and contracts received | are as follows: | ||||
| London Borough ofMerton | 566,920 | 484,756 | |||
| The Greater London Authority | 39,715 | ||||
| Wimbledon Foundation |
7,500 | ||||
| South West London IkStGeorge's Mental | Health | NHS Trust | 6,233 | 6,000 | |
| lack Petchey Foundation | 2,100 | ||||
| Other grants | 60 | ||||
| Other Income from charitable | activities: | ||||
| London Borough ofMerton (YCadditional |
commissioning) | 14,676 | |||
| Core Achvities —Furlough grant |
3,751 | ||||
| 6595,329 | e537,382 |
| Staff c | osts were as follows: | ||
|---|---|---|---|
| 2023 | 2022 | ||
| e | a | ||
| Wages | and salaries | 391,794 | 374,740 |
| Social | security costs | 29,650 | 29,836 |
| Other | pension costs | 10,704 | 10,413 |
| e432,148 | F414,989 |
| 2023 | 2022 |
|---|---|
| 12.5 | 11.2 |
| 2023 | |||||
|---|---|---|---|---|---|
| Provision at start of period | 2,210 | 13,281 | |||
| Unwinding ofthe |
discount factor | 42 | 77 | ||
| Deficit contribution | paid | (805) | (3,361) | ||
| Remeasurements | —Impact of change | in assumptions | (38) | (51) | |
| Remeasurements | —amendments | to | the contributions | (7,736) | |
| g1,409 | e2,210 |
| Income and expe | nditure impact |
||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| g | e | ||||
| Interest expense | 42 | 77 | |||
| Remeasurements | —Impact of change | ln assumptions | (38) | (51) | |
| Remeasurements | —amendments | to | the contributions | (7,736) |
| 2023 | 2022 | 2021 | ||
|---|---|---|---|---|
| e | e | |||
| Year | 1 | 805 | 805 | 3,361 |
| Year | 2 | 671 | 805 | 3,462 |
| Year | 3 | 671 | 3,566 | |
| Year | 4 | 3,061 |
| UnlIsted | Totals | |||||
|---|---|---|---|---|---|---|
| Investments | ||||||
| E | ||||||
| Market | value | brought forward | 71,170 | 71,170 | ||
| Revaluation | (1,535) | (1,535) | ||||
| Market | value | carried forward | e69,635 | e69,635 | ||
| Unlisted | investments | |||||
| 2023 | 2022 | |||||
| e | f | |||||
| COIF Charities | Investment | Fund Income Units | 33,068 | 33,660 | ||
| COIF Charities | Global Equity Income Fund Income | Units | 36,567 | 37,510 | ||
| E69,635 | e71,170 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Trade | debtors | 131 | 923 | ||
| Other | debtors | and | prepayments | 5,205 | 9,275 |
| e5,336 | e10,198 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| e | e | ||||||
| Pension | liabilities | e600 | e1,405 | ||||
| OPERATING LEASE COMMITMENTS | |||||||
| Total future minimum | lease | payments | for non-cancellable | operating | leases are as | follows: | |
| Land | and buildings | Other operating | leases | ||||
| 2023 | 2022 | 2023 | 2022 | ||||
| e | e | e | e | ||||
| Expiring | within 1year | 9,290 | 847 | ||||
| Expiring | within 2-5 years | 2,542 | |||||
| anil | e9,290 | e2,542 |
| UnrestrIcted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2023 | 2023 | 2023 | 2022 | |
| e | e | e | ||
| Fixed asset investments | 69,635 | 69,635 | 71,170 | |
| Current assets | 63,400 | 214,866 | 278,266 | 398,173 |
| Creditors due within one year | (17,781) | (2,500) | (20,281) | (143,348) |
| Creditors due In more than one year | (1,405) | (1,405) | (1,405) | |
| e113,849 | e212,366 | F326,215 | F324,590 |
| Opening | Income ExpendIture |
Income ExpendIture |
Closing | |||
|---|---|---|---|---|---|---|
| balance | balance | |||||
| f | ||||||
| Adult | Carer | Project | 171,961 | 505,653 | (492,689) | 184,925 |
| Young | Carer | Project | 47,199 | 75,000 | (94,758j | 27,441 |
| a219,160 | a580,653 | a (587,447) | a212,366 |