Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Annual Report and Financial Statements
Year ended 31 March 2025
Charity number '. 1086162
Company Number . 03286106
Feztons
Feltons
Chartered Accountsnts
Birmingham
B13JR

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Report and financial statements
Year ended 31 March 2025
Contents
Page
Reference and administrative details
Report of the trustees
Independent auditor's report on the financial statements
Statement of financial activities
incorporating income & expenditure account
13
Balance sheet
14
Cash flow statement
15
Notes forming part of the financial statements, incorporating
Statement of accounting policies
16
Other notes to the financial statements
22

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Reference and Administrative Details
Trustees
Mrs S A Rogers
Mr G Walker
Mrs M Hall
Mr A S Coley
Ms K L Jones
Company secretary
Mrs T D Graham
Key management personnel
Andrew Coley
Chief Executive
Registered office
Trigate Building
Hagley Road West
Oldbury
England
B68 ONP
Charity number
1086162
Company registration number
03286106
Auditor
Feltons
8 Sovereign Court
8 Graham Street
Birmingham B13JR
Bankers
Barclays Bank plc
47 High Street
Dudley
West Midlands DY11PP
Solicitors
Anthony Collins Solicitors LLP
134 Edmund Street
Birmingham B3 2ES
Page 1

Sandwell Community Carinq Trust
(A Company Limited by Guarantee)
Report of the trustees
Year ended 31 March 2025
The Trustees present their report and the financial statements of the charity for the year ended 31 March 2025.
The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting
and Reporting by Charities" in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the
accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published in
October 2019.
Trustees of the charity
Details of the trustees who served during the year and to the date these accounts are approved are included in
the Reference and Administrative details on page 1.
Objectives and activities
The charity's objectives are to promote the relief of and provide relief, support and assistance to individuals
who, by reason of old age, mental illness or physical or learning disabilities, require special care and attention.
To promote, in particular, the relief of and support and assistance to beneficiaries who are resident in or
associated to Sandwell MBC, Walsall MBC, Dudley MBC and Torbay Care Trust or any of its neighbouring
councils.
There has been no change in these during the year.
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity
Commission's guidance on public benefit, including the guidance 'public benefit- running a charity (PB),.
Whilst the adverse consequences of the Covid-19 pandemic have gradually subsided, Covid-19 continues to
pose challenges to the adult social care sector. Despite this, the trust has managed to meet the objectives
highlighted above. Throughout the year, the trust has successfully kept its residents, tenants and employees
safe.
The principal activity of the trust is to provide health and social care services to older people and adults with
learning and or physical disabilities. The trust currently provides residential care for over 100 older people, 86 of
whom are suffering with dementia, 150 days of day care each week for adults with profound learning and or
physical disabilities and care and support to over 280 adults with learning disabilities in supported living. As
reported in the previous years, financial statements, the pandemic had a detrimental impact upon occupancy,
particularly within residential care, which contributed to a deterioration in financial performance. However, on a
positive note, the recovery in occupancy levels within the residential homes in the latter part of that financial
year continued in the following years, including the financial year ended 31 March 2025.
One of the continuing major objectives during the financial year has been to fully understand the implications of
continuing austerity on Local Authority income and the impact that this would have on the fees paid for the
delivery of Adult Social Care. In addition, the charity will need to continue to clarify the implications of the
continued rise in the National Minimum Living Wage, particularly in the context of ongoing austerity.
There is no restriction on who can access the services provided by Sandwell Community Caring Trust. All the
care packages which are provided are based on the clinical and social needs of each individual.
Page 2

Sandwell Community Carinq Trust
(A Company Limited by Guarantee)
Report of the trustees (continued)
Year ended 31 March 2025
Objectives and activities Icontinued)
Admission to Sandwell Community Caring Trust's services normally takes place after a multi4isciplinary needs
assessment, which involves the prospective service user and their family.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities
the charity should undertake.
The services provided by Sandwell Community Caring Trust are compliant with the Commission for Racial
Equalities Code of Practice.
Due to the nature of the services that it provides, the charity does not rely on the use of volunteers.
Strategic report
The description under the headings "Achievements and performance" and Financial review, meet the
company law requirements for the Trustees to present a strategic report.
Achievements and performance
The trust has continued to maintain and fulfil its contractual obligations and achieved its targets, securing
ongoing provision for the care of vulnerable people.
The staff turnover for this year was 18 / (2024 . 170/0) which was an increase of 1 percentsge point compared
to last year.
Staff turnover not only has a financial impact on the Trust but also impacts on the quality of care that is
provided to its service users. These levels have remained constant over the years which contribute to a
consistent happy work force that provide a high quality of care to the vulnerable people that deserve to receive
continuity from the service they need.
Despite the difficulties experienced during the pandemic, the trust successfully maintained the standard of care
provision without recourse to the use of staffing agencies and continues to do so.
The quality of the care that the trust provides is measured and regulated by the Care Quality Commission and
is reflected in their inspection reports on the trust's services.
Financial review (including reserves policy)
The company's Balance Sheet as detailed on page 14 shows that the funds before the 2025 defined benefit
pension scheme liability amounted to £8,430,738 (2024 £8,736,631). The closing position including the
pension scheme liability as at 31 March 2025 was £8,430,738 {2024 - £8,736,631).
The Statement of Financial Activities on page 13 of these financial statements shows surplus income of
£83,107 (2024 - £448,443) for this financial year.
The Balance Sheet on page 14 of these financial ststements shows net current assets of £530,614 (2024
£1,701,804)-
Page 3

Sandwell Communitv Carinq Trust
(A Company Limited bv Guarantee)
Report of the trustees (continued)
Year ended 31 March 2025
Financial review {including reserves policy) (continued)
The Trustees are reassured that the Charity continues to meet its loan obligations and working capital
requirements, when due, from its cash at bank balances.
Having considered the above, in conjunction with projections for the year ending 31 March 2026, at the time of
approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate
resources to continue in operational existence for the foreseeable future. Thus, as confirmed in note 1.2 on
page 16, the Trustees continue to adopt the going concern basis of accounting in preparing the financial
statements.
It is the policy of the charity that unrestricted funds before the defined pension scheme liability, which have not
been designated for a specific use, should be maintained at a level equivalent to 10 % of incoming resources
from charitable activities. The Trustees considers that reserves at this level will ensure that, in the event of a
significant reduction in funding, they will be able to continue the charity's current activities while consideration is
given to ways in which additional funds may be raised.
Having developed a clear understanding of the implications of austerity on local authority contracts and the
impact of the continued rise in the National Minimum Living Wage, as reported in previous years, the charity
introduced changes in the terms and conditions of its employees that reflect the new financial environment
within which it operates. These changes were implemented in October 2018 and the Charity continues to
assess the impact of these changes and review its financial position, in the context of its operating
environment, on a regular basis.
As with previous financial years. the increase in weekly fees and hourly rates received for care provided.
Investment powers and policy
The charity currently has no long-term investments but takes advantage of short-term cash flow situations by
placing funds with institutions approved by the Board.
Risk management
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are
in place to mitigate exposure to these major risks.
The Trustee Board is responsible for overseeing the charity's risk management activities. Detailed
consideration of risk is delegated to the Senior Management Team, who are continually reviewing this matter
and reporting thereon to the Trustee Board. Through the risk management process established for the charity,
the Trustees are satisfied that the major risks have been identified and processes for addressing them have
been implemented. It is recognised that any control systems can only provide reasonable but not absolute
assurance that major risks have been adequately managed.
In previous years the defined benefit pension scheme deficit has had a significant impact on the net assets of
the trust and is based on the valuation provided by the scheme's actuaries in accordance with Generally
Accepted Accounting Practice. The key risk to the trust surrounding such a pension deficit is the funding of
future contributions for both Schemes in place. This is mitigated by the fact that both schemes no longer admit
new members agreement with Sandwell MBC that any employer contributions above the agreed 17.9 % relating
to the EMI Scheme will be paid by the council although the current employer contributions are 11.5 % for this
particular scheme. Furthermore, when an employer applies for admitted body status, the WMPF requires a
guarantor or a Bond to cover any costs in the event of insolvency. The WMPF has procedures in place to
mitigate the risks of rogue employers.
Page 4

Sandwell Community Carino Trust
(A Company Limited by Guarantee)
Report of the trustees (continued)
Year ended 31 March 2025
Risk management (continued)
It should be noted that as at 31 March 2025, there was deemed to be a defined benefit pension surplus of
£10.35m (2024 - £8.42m). However, under FRS 102, a pension scheme surplus is only recognised as an asset
in the Balance Sheet to the extent that the employer can recover a surplus through reduced contributions or
refunds. Therefore, in accordance with these requirements, the defined benefit pension liability is shown as £nil
on the Balance Sheet. See further details at note 24.
The Trustee Board is aware of the combined risks posed by austerity on local authority contracts and the
increase in the National Minimum Living Wage (NMLW). These risks have been compounded by the
announcement of an increase in the Employer NIC (ENIC) rate and the lowering of the ENIC threshold in the
Chancellor's October 2024 budget from 1st April 2025. It has been calculated that, in common with most care
providers within the adult social care sector, the combined impact of the increase in the NMLW and ENICS will
be a 10 % increase in employment costs for the 2025-26 financial year. As local commissioner fees received
have not increased by a commensurate percentage, this represents a significant risk for the sector as a whole.
The Trustee Board has formulated clear plans designed to address these risks and ensure the continued
sustainability of the charity.
The Trustees previously reported on the outcome of a CQC inspection of its supported living services in July
2021.
Plans for future periods
The trust is always looking towards the future, seeking out new prospects and contracts to enable them to
continue to deliver services to those most needy.
The trust is able to take advantage of any opportunities for expansion particularly through the transfer of
providers from local authorities, as austerity and budget deductions fully impact on local authority expenditure
on adult social care.
structure, governance and management
Governing document
The charity is a charitable company limited by guarantee and was set up on 1 April 1997. It is governed by a
Memorandum and Articles of Association.
The Trustees, who are also the directors for the purpose of company law, and who served during the year
Mrs S A Rogers
- Mr G Walker
Mrs M Hall
Mr A S Coley
Ms K Jones
Appointment of trustees
The Board of Trustees may fill vacancies arising during the year by appointing Trustees themselves, but any
Trustees so appointed shall retain their office only until the next Annual General Meeting when they shall be
eligible for re-election.
Page 5

Sandwell Community Carinq Trust
IA Company Limited by Guarantee)
Report of the trustees (continued)
Year ended 31 March 2025
Appointment of trustees (continued)
Any appointments rnade are with due regard to the broad range of relevant skills required by the Board of
Trustees and the specialist skills and experience offered by the applicant Trustee.
None of the Trustees has any beneficial interest in the company. All the Trustees are members of the company
and guarantee to contribute £1 in the event of a winding up.
Organisation
The governing body of the charity is the Board of Trustees which comprises 4 members and has met 4 times a
year together with the Senior Management Team.
The Chief Executive has been appointed by the Trustees to manage the day-to-day operations.
Trustee induction and training
Individual Trustee training is undertaken by Trustees on a need basis but training for the full Board of Trustees
and Senior Management Team takes place at least annually and focuses on governance issues.
Related parties and co-operation with other organisations
None of our trustees receive remuneration or other benefit from their work with the charity. Any connection
between a trustee or senior manager of the charity with a client or supplier must be disclosed to the full board
of trustees in the same way as any other contractual relationship with a related party. Related party
transactions in the current year are described in notes 10 and 25 to the accounts.
Pay policy for senior staff
The Trustees are responsible for determining the pay and conditions of key management personnel. This is
done in consultation with an external human resources company who provide advice on comparative positions
across the sector.
The Chief Executive Officer is responsible for recommending any changes in pay and conditions of the
remainder of the paid service.
Employee involvement
The charity's policy is to consult and discuss with employees. through unions, staff councils and at meetings,
matters likely to affect employees, interests.
Information of matters of concern to employees is given through information bulletins and reports, which seek
to achieve a common awareness on the part of all employees of the financial and economic factors affecting
the group's performance.
Page 6

Sandwell Community Carinq Trust
(A Company Limited by Guarantee)
Report of the trustees (continued)
Year ended 31 March 2025
Disabled persons
Applications for employment made by disabled persons are always fully considered, bearing in mind the
aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made
to ensure that their employment within the charity continues and that the appropriate training is arranged. It is
the policy of the charity that the training, career development and promotion of disabled persons should, as far
as possible, be identical to that of other employees.
Auditors
A resolution proposing that Feltons be reappointed as auditors of the company will be put to the members.
Disclosure of information to auditor
We, the directors of the company who held office at the date of approval of these financial statements, as set
out above, each confirm, so far as we are aware, that..
there is no relevant audit information of which the company's auditors are unaware., and
we have taken all the steps that we ought to have taken as directors in order to make ourselves aware of
any relevant audit information and to establish that the company's auditors are aware of that information.
The Trustees, report, including the Strategic Report, was approved by the Board of Trustees.
Page 7

Sandwell Communlty Carinq Trust
IA Company Llmited by Guarantee)
Statement of.trustses'"ro5ponsibilities
Year ended 31 March 2025
The Iruslees (who are also diree1015 of Sandwell Communlly Caring Trusi for tho purposes ol company lawl are
responsibl¢ for preparing the Trustees. Annual Report IiAcliJding the Slralegic Réport) and the frnancial sleiemèrils
in accordancè ivllh ¢ipplicable law and United Kingdofft AGcounling Slandards (United Kingdom.Generally Accepled
Accounting Practice}.
Cornpany law requlros. the trustees lo prepare fi'nancial slalernen15 for each finanLial 5I08r. Under cornpany law th
Ii'uslees must i)ol approve the financial slalemenls unless they are 681i8fi.ed thal Iliey give a true and fair view OT the
slate of affair5 of Ihfj charitabl$ company and of the inGoming resources and application ol resources, including. Ihg
ineonie and expendituré, of the cl)ariiablE company for Ihal period. In preparing these linanGi81 slalements, the
triislees are required lo..
select suitable acrounling policies and then apply11)erri con¥islenlly'.
observe the methods and prrnciples in Ilipx Charitie5 SORP 2019 IFRS 1021-,
make judgeiTren15 and esllmales that are reasonable and pVtJdenl',
slate iyhelher applicable UK Accounting Standards have been lollowed, subject lo any material departure5
disclosed and eKplained in Ihe rinancial.siatemellls..
prepare the Tinancial slalemenls on the going coneein basis unles5 11 is inappropriate lo presumts that Ilie
charil¢ible company will continue in operation.
The Iruslees are responsible lor keepiog adequate accountsng records that disc105e will) reasor)able accuracy al
any lime the financial pog11ion ol the charitable company and enable Ihp.m lo ensure th81 the financial statemen15
comply ￿'Ith the Compani&s Act 20DS. They a￿ also responsible for safeguarding the assets of the Charitablo
conipany 8nd hence for taking reasonable steps for Ilie preijenlion and delgclion of fraud and Oiher irregularities.
In so far as the Irusleos are aware:
thor? is no relgvanl audit information ol kvhich the charilablc. company's 8udilor is unaware,.
Ilie Ir115tees have taken all steps that they ought. lo have Èken lo make themselves aiNare of any relevan
audit inTormalion and to es12blish ;hal the auditor 15 aivare of thaf infTh"malion.
Mi's M Hall
Chair
Dated-. - l.i./.ii.l..ZDèJ.......
Page 8

Independent Auditor's Report to the Trustees of
Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Opinion
We have audited the financial statements of Sandwell Community Caring Trust (the '¢haritable company,) for the year
ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash
Flows and notes to the financial statements, including significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025, and of its
incoming resources and application of resources. including its income and expenditure, for the year then
ended",
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing {UK} {ISAs (UK)) and applicable law.
Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the
financial statements section of our report. We are independent of the charitable company in accordance with the
ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting
in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may Gast significant doLrbt on the charitable company's ability to continue as
a going concern for a period of at least twelve months from when the financial stalements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant
sections of this report.
Other information
The other information comprises the information included in the trustees annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information contained within the
annual report. Our opinion on the financial statements does nol cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Page 9

Independent Auditor's Report to the Trustees of
Sandwell Community Caring Trust
(A Company Limited by Guarantee)
(continued)
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to
be materially misststed. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether this gives rise to a material misstatement in the financial statements themselves. If,
based on the work we have performed, we conclude that there is a material misstatement of this other information, we
are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Cornpanies Act 2006
In our opinion, based on the work undertaken in the Course of the audit=
the information given in the Trustees, Report for the financial year for which the financial statements are
prepared is consistent with the financial statements., and
the Trustees, Report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the lighl of our knowledge and understanding of the company and its environment obtained in the course of the
audit, we have nol identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters in relation lo which the Companies Acl 2006 requires us
to report to you if, in our opinion:
adequate accounting records have not been kept, or
the financial statements are not in agreement with the accounting records and returns- or
certain disclosures of trustees, remuneration specified by law are not made- or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the Trustees, Report and from the
requirement to prepare a Strategic Report.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities ststemenl (set out on page 8}, the trustees (who are also the
directors of the charitable company for the purposes of company law) are responsible for the preparation of the
financial statements and for being satisfied that they give a true and fair view, and for such internal control as the
trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing. as applicable, matters related to going concern and using the going concern
basis of accounting unless the truslees either intend to liquidate the charitable company or to cease operations, or
have no realistic alternative but to do so.
Page 10

Independent Auditor's Report to the Trustees of
Sandwell Community Caring Trust
(A Company Limited by Guarantee)
(continued)
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with
ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and
are considered material if, individually or in Ihe aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line
with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including fraud.
The specific procedures for this engagement and the extent to which these are capable of detecting irregularities,
including fraud is detailed below:
We reviewed the company's control and risk management procedures and planned our work based on our
assessment of those controls and procedures-
This review included an assessment of the risk of material misstatement due to errors, fraud and management
override of controls for all material areas in the financial statements-
We made enquiries of management and the company's lawyers regarding any actual or potential litigation
andlor claims-,
Financial ststements disclosures were reviewed and checked for compliance with applicable laws-
Detailed testing was conducted on balarsces and transactions including unusual items and those of individual
significance to the financial statements-
Data analytics were used in order to identify unusual or significant trends,.
Communications with management and those charged with governance regarding relevant matters was
undertaken throughout the audit and on completion.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases
the more that compliance with a law or regulation is removed from the events and transactions reflected in the
financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater
regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment. forgery,
collusion. omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uklauditorsresponsibilites. This description forms part of our auditor's
report.
Page11

Independent Auditor's Report to the Trustees ot
Sandwell Community Caring Trust
(A Company Limited by Guarantee)
{continued)
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's
members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and
the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
David W Farnsworth FCA {Senior Statutory Auditor)
For and on behalf of Feltons. Statutory Auditor
8 Sovereign Court
8 Graham Street
Birmingham B13JR
Date .'
as I laoas
Page 12

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Statement of Financial Activities
for the year ended 31 March 2025
Restricted Restricted
Unrestricted pension
general
funds
fund
funds
Total
2025
Total
2024
Notes
Income
Donations and legacies
Income fmm charitable activities..
Residential and day care servi￿$
15,318
15.318
30,326
16,580.258
16,580,258
16,154,478
Investment income
9,695
9,695
9,500
Total income
16.605,271
16,605,271
16,194.304
Expenditure
Charitable activities..
Operational and support Costs
Other costs..
Financing costs
Exceptional costs
16,280,576
(389,000)
15,891,576
15,510,703
12
26
205.588
425,000
205.588
425,000
235,158
Total expenditure
16.911.164
(389.000)
16,522,164
15.745,861
Net incomellexpenditurel before
transfers
(305.893)
389,000
83,107
448.443
Gross transfers between funds
373.393
{373,393)
Net incomellexpenditure) after
transfers
67,500
389,000
(373,393)
83,107
448,443
other recognised gainslllossesl
Actuarial gainsl(lossesl on defined
benefit pension schemes
24
(389.000)
(389.000)
(282,000)
Net movement in funds
67,500
{373.393) (305,893)
166,443
Reconciliation of funds
Total funds brought forward
19
8,363,238
373,393
8.736.631
8,570.188
Total funds carried forward
8.430,738
8,430,738
8.736,631
All income and expenditure derives from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year.
Page 13

sand.wèll Commu11ily Caring Trust
(A Company Liniited by Guarant@el
Company Number: 0328610$
Balance Sl)6et as al 31 Wlarch 2025
I Charlty number: 1086162
2025
2024
Note5
Fixe¢ 85gels
Tanglblg assets
1.3
10205,156
9.520,085
Currerit.assetg
Debtor
Cash al Dank and Iri Iiand
14
1,fj60,807
7,181,870
2.250.622
1,962,.929
1,497,826
3,460,755
Creclitors: arnoiints.falling
dLie wlthln one year
15
1.120,008
1.758,951
Net current assetsl.Illabilitie51
Total assets less curront. liabilltl&s
JO.614
1,701.804
10.735.770
11,221,889
CredStors: amounts falling du
after more than onp year
16
12,305,032)
12.48&.2581
Net as3ets excluding P(4nsion liability
8,430.738
'8,'7aa'.631
Defined beiiefil pension liability
Net assets
8.430.738
8.736.631
Fund5 of tlie charlty-
Restricted funds
G&neral fund
373,393
Uiireslrtcted funds
Gènei?I fund
Pension fuyd
19
19
8.430,738
8,3e3,238
8,430,738
8.363.238
Total funds
8.430,738
8.73S,631
itteso accounls have been prepared iii accordance %vllh the Special provislons ol Part 15 Gl the Companles Act 200e'reJaling 10
smell componles.
Tlie noles oli pagès 16 10 34 forni part or Ihaso acounls.
The yinan£lal sta18rnenls were Ip.piov8d by Ihg board ol liuslee5 vn
and iYetE signeLI on 11$ b9half
.Iis M Hall
Chair
Page 14

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Statement of cash flows
for the year ended 31 March 2025
Notes
2025
2024
Cash flow from operating activities
22
598,792
694,706
Net cash flow from operating activities
598,792
694,706
Cash flow from investing activities
Payments to acquire tangible fixed assets
Interest received
{699,221)
9,695
9,500
Net cash flow from investing activities
(689,526)
9,500
Cash flow from financing activities
Repayment of bank loans
17
{225,277}
(520,237)
Net cash flow from financing activities
(225.277)
(520,237)
Net increase l (decrease) in cash and cash equivalents
{316,011)
183,969
Cash and cash equivalents at 1 April 2024
1,497.826
1,313,857
Cash and cash equivalents at 31 March 2025
1,181,815
1,497.826
Page15

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2025
1. Accounting policies
General information
Sandwell Community Caring Trust is a charitable company limited by guarantee. In the event of the charity
being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The
address of the registered office is given in the charity information on page 1 of these financial statements.
The nature of the charity's operations and principal activities are to provide health and social care services to
older people and adults with learning and or physical disabilities.
1.1 Basis of preparation
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been
prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to Gharities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies
Act 2006 and UK Generally Accepted Accounting Practice.
The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless othejwise stated.
1.2 Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected level of
income and expenditure for a period of 12 months from the date of authorising these financial statements. The
budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue
as a going concern.
The charity is Conscious of continuing cost pressures across the sector and will therefore continue to restrict
costs as far as possible, whilst seeking new income sources that are consistent with its charitable objectives.
The ¢harity will also continue to lobby local authorities regarding a sustainable level of care fees.
1.3 Funds
Unrestricted funds 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.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or
which have been raised by the charity for particular purposes. The cost 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
the financial statements.
Page 16

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2025 (continued)
1. Accounting policies (continued)
1.4 Income recognition
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally
entitled to the income after any performance conditions have been met, the amount can be measured reliably
and it is probable that the income will be received.
Residential and day care services
Residential and day care service income is included in the Statement of Financial Activities on a
receivable basis. The balance of income received for specific purposes but not expended during the
period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of
entitlement of receipt ils recognition is deferred and included in creditors as deferred income. Where
entitlement occurs before income is received, the income is accrued.
Donations
Donations are recognised on a receivable basis where there is certainty of receipt and the amount
can be reliably measured. If there are conditions attached to the donation and this requires a level of
performance before entitlement can be obtained, income is deferred until those conditions are fully
met or the fulfilment of those conditions is within the control of the charity and it is probable that they
will be fulfilled.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity. This is normally upon notification of the interest paid or payable by the bank.
Other income
Other income, including the hire of facilities, is recognised in the period it is receivable and to the
extent the goods have been provided or on completion of the service.
1.5 Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate
all costs related to Ihe category. Expenditure is recognised where there is a legal or constructive obligation to
make payments to third parties, it is probable that the settlement will be required and the amount of the
obligation can be measured reliably.
Expenditure is ¢ategorised under the following headings:
Charitable activities
These are costs incurred in activities undertaken to further the purposes of the charity and their
associated support costs.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory
requirements, including strategic management and trustees, meetings and reimbursed expenses.
Irrecoverable VAT is Charged as an expense against the activity for which expenditure arose.
Page 17

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2025 (continued)
1. Accounting policies (continued)
1.6 Allocation of support costs
Support costs are those that assist the work of the charity but do not directly represent charitable activities
and include office costs, governance costs and administrative payroll costs. Where support costs cannot be
directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on
charitable activities. The bases on which support costs have been allocated are set out in note 8.
1.7 Tangible fixed assets
Tangible fixed assets are stated al cost (or deemed cost) less accumulated depreciation and accumulated
impairment losses. Cost includes costs directly attributable to making the asset capable of operating as
intended.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated
residual value of each asset on a systematic basis over its expected useful life as follows..
Freehold and leasehold property
Leasehold improvement
Motor vehicles
Fixtures and fittings
not depreciated
200A on a straight line basis
200/0 on a straight line basis
20 /0 on a straight line basis
Land and buildings and long leasehold properties are not subject to depreciation as their residual values are
considered to be equal to their cost. This is on the basis that significant ongoing repairs and maintenance are
undertaken to preserve their condition and value.
At each reporting date, the charity reviews the carrying amounts of its tangible assets to determine whether
there is any indication that those assets have suffered an impairment loss. If any such indication exists, the
recoverable amount of the asset is estimated in order to determine the extent of any impairment loss.
1.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three
months or less from the date of acquisition or opening of the deposit or similar account.
1.9 Financial instruments
The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all its financial instruments.
Financial instruments are reGognised in the charity's Balance Sheet when the charity becomes party to the
contractual provisions of the instrument.
Page 18

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial ststements for the year ended 31 March 2025 (continued)
1. Accounting policies (continued)
1.9 Financial instruments (continued)
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable 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 price including transaction costs and are subsequently carried at amortised cost using the
effective interest rate method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
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 payments 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 ¢ost using the effective interest rate method.
Trade creditors are obligations to pay for goods or serviGes that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire, are discharged or
cancelled.
1.10 Operating leases
Rentals payable under operating leases are charged to the SOFA on a straight line basis over the period of
the lease.
1.11 Taxation
The charity is an exempt charity within the meaning of schedule 3 of the Charities A¢t 2011 and is considered
to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of
charitable company for UK corporation tax purposes.
Page 19

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2025 (continued)
1. Accounting policies (continued)
1.12 Pension benefits
During the year. the charity operated LGPS defined benefit pension schemes and a defined contribution
pension scheme.
Payments to defined ¢ontr¢bution retirement benefit schemes are charged as an expense as they fall due.
Neither of the defined benefit schemes admit new members. New members of staff are admitted into the
defined contribution scheme on their employment with the charity.
The cost of providing benefits under defined benefit plans is determined separately for each plan using the
projected unit credit method and is based on actuarial advice. Actuarial valuations are obtained at least
triennially and are updated at each balance sheet date.
The change in the net defined benefit liability arising from employee service during the year is recognised as
an employee cost. The cost of plan introductions, benefit changes, settlements and curtailments are
recognised as incurred.
The net interest element is determined by multiplying the net defined benefit liability by the discount rate,
taking into account any changes in the net defined benefit liability during the period as a result of contribution
and benefit payments. The net interest is recognised in incomel(expenditure) for the year.
Remeasurement changes comprise actuarial gain and losses, the effect of the asset ceiling and the return on
the net defined benefit liability excluding amounts included in net interest. These are recognised immediately
in other recognised gains and losses in the period in which they occur and are not reclassified to
income/(expenditure) in subsequent periods.
The net defined benefit pension asset or liability in the Balance Sheet comprises the total for each plan of the
present value of the defined benefit obligation (using a discount rate on high quality corporate bonds) less the
fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market
price information and, in the case of quoted securities, is the published bid price. The value of a net pension
benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed
refunds from the sGheme.
1.13 Employee benefits
The cost of any unused holiday entitlement is reGognised in the period in which the employee's services are
received.
Termination benefits are employee benefits provided in exchange for the termination of an employee's
involvement in the charity. Redundancy costs are recognised immediately once the charity is demonstrably
committed to terminate employmenl.
Page 20

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2025 (continued)
2. 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 undedying assumptions are reviewed on an ongoing 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 affe¢ts both current and future
periods.
Critical judgements
Recoverability of trade debtors
A provision for doubtful debtors from operations is set up when the likelihood of recovering the debt 15
diminished. The level of provision will be based on any current repayment plan entered into and which is
being adhered to by the debtor, together with an estimate of the likelihood of the amounts being fully
recovered.
Key sources of estimation uncertainty
Defined benefil pension scheme
The charity has an obligation to pay pension benefits to certain employees. The cost of these benefits and the
present value of the obligation depend on a number of factors including life expectancy, asset valuations and
the discount rate on corporate bonds. Management estimate these factors in determining the net pension
obligation in the Balance Sheet. The assumptions reflect historical experience and current trends. See note
24 for the disclosures relating to the defined benefit scheme.
Page 21

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2025 (continued)
3. Prior year Statement of Financial Activities (year end 31 March 2024)
Restricted
pension
fund
Restricted
general
funds
Unrestricted
funds
Total
2024
Income
Donations and legacies
Income from charitable activities
Investment income
Total income
30,326
16,154.478
9.500
16.194,304
30,326
16,154,478
9.500
16,194.304
Expenditure
Charitable activities
Other
Total expenditure
15,792.703
235.158
16,027,861
(282,000)
15,510,703
235,158
15,745.861
282,000)
Net incomel{expenditurel before transfers
166,443
282,000
448,443
Actuarial gain on defined benefit pension schemes
(282.000)
(282,000)
Net movement in funds
166.443
166.443
Reconciliation of funds
Total funds brought fonmard
8.196.795
373.393
8,570,188
Total funds carried forward
8,363,238
373.393
8,736,631
4. Donations and legacies
Unrestricted Restricted
funds
funds
Total
2025
Totsl
2024
Donations and gifts
Grants
15,318
15,318
19,187
11,139
30.326
15,318
15,318
S. Income from Charitable activities
Restrictsd
pension
fund
Restricted
general
funds
Unrestricted
funds
Total
2025
Total
2024
Residential and day care services
16,580.258
16,580,258
16.154,478
16,580,258
16.580,258
16,154,478
Page 22

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2025 (continued)
6. Investment income
Unrestricted Restricted
funds
funds
Totsl
2025
Total
2024
Deposit account interest
9,695
9,695
9,500
9,695
9,695
9,500
7. Expenditure on charitable activities
Residential
and day care
services
Total
2025
Total
2024
Operational and support costs
Staff costs
Heal and light
Rent. rates and insurance
Telecommunications
Other staff costs
Motor and travel
Repairs. renewals and equipment hire
Cleaning. waste and pest control
Other office costs and sessionals
Printing. postage and stationery
Provisions
Depreciation
Support costs (see note 8)
Governan￿ costs (see note 8)
11,428.723
227.284
1.220,512
246
69.898
52.657
365,892
144,829
29,818
11,523
326.858
14,150
1,945,517
53,669
11,428,723
227,284
1,220,512
246
69,898
52,657
365,892
144,829
29.818
11,523
326,858
14.150
1.945.517
53.669
10,633,340
174,581
1.003,611
7,044
21,646
60.450
539.707
142.648
84.880
6.187
364.159
2,428,292
44,158
15,891,576
15.891.576
15,510,703
Total expenditure on charitable activities was £15,891.576 (2024 - £15,510,703) of which £15.891,576 {2024
£15,510,703) was unrestricted and £nil (2024 - £nil) was restricted.
Page 23

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2025 (continued)
8. Analysis of support and governance costs
Basis of
allocation
General
support
Governance
function
Total
2025
Total
2024
Staff costs
Heat and light
Rent. rates and insurance
Telecommunications
Other staff costs
Motor and travel
Repairs, renewals and equipment
hire
Cleaning, waste and pest control
Other office costs and sessionals
Printing. postage and stationery
Provisions
Audit and accountancy SeNi￿S
Legal and other professional
Staff time
Usage
Usage
Usage
Usage
Usage
Usage
Usage
Usage
Usage
Usage
Governance
Governance
986,178
986,178
1,111,220
10.694
366,929
38,208
182,337
33,357
320,580
55,536
63,645
56,872
320,580
55,536
63,645
56,872
72,490
72,490
157,720
14,032
348.712
24,787
2.685
14,032
348,712
24,787
2,685
21,300
32,369
1,999,186
81.134
417.235
24.011
5.447
40.110
4.048
2,472.450
21.300
32.369
53.669
1,945.517
9. Net incomel(expenditure) for the year
Net income l (expenditure) is stated after charging l (crediling)=
Total
2025
Total
2024
Operating lease rentals
Office equipment
Premises
Bank interest payable
Auditors remuneration
32,092
1,264,219
205.588
15,000
106,222
1.066.246
235.158
15,000
The auditors remuneration amounts to an audit fee of £13.500 {2024 - £13,500) and other services of £1,500
(2024- £1,500).
10. Trustees and key management personnel remuneration and expenses
During the year, no trustees received any remuneration or other benefits for their role as trustees {2024 - none).
A Coley received remuneration in the year of £99,940 (2024 - £98.000) paid to him for his role as Chief Executive
Officer.
No trustee was reimbursed expenses during the year {2024 - £nil).
The charity considers its key management personnel to comprise of the Chief Executive Offi￿r. The total
amount of employee benefits received by key managemenl personnel was £99.940 {2024 - £98,000).
Page 24

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2025 (continued)
11. Analysis of staff costs and numbers
a) Staff costs .
Total
2025
Total
2024
Wages and salaries
Social security costs
Other pension costs
11,433,565
991,767
10.431)
12,414,901
10,727.813
891.151
111.828
11,730.792
13.768
11,744.560
Severance payments
12,414,901
Included in other pension costs above is a net credit of £389,000 (2024 - £282.000). which has been recognised
in respect of the 2025 Pension Expense Calculation prepared by the Actuary for the Local Government Pension
Scheme. This credit comprises a shortfall in service cost contributions of £17,000 {2024 - £31.0001. interest costs
of £406.000 (2024 - £313,000), and no administration costs in either year.
bl Staff numbers .
The average monthly number of employees during
the year were as follows=
2025
Number
2024
Number
Care
Finance and administration
509
12
521
475
13
488
c) Higher paid staff
The number of employees whose employee benefits (excluding
employer pension costs) exceeded £60.000 were..
2025
Number
2024
Number
£90,001- £100.000
12. Other costs
Total
2025
Total
2024
Finance costs
205,588
235,158
Page 25

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2025 (continued)
13. Tangible fixed assets
Freehold
and leasehold Leasehold
property
improvements
Motor
vehicles
Fixtures
and fittings
Total
Cost
At 1 April 2024
Additions
Disposals
9,520,085
550.000
9,520,085
699,221
11,644
11,195
126.382
Al 31 March 2025
10.070,085
11.644
11,195
126.382
10,219.306
Depreciation
At 1 April 2024
Charge for the year
Released by disposals
1,013
282
12,855
14,150
At 31 March 2025
1.013
282
12.855
14,150
Net book values
At 31 March 2025
10,070,085
10,631
10.913
113,527
10,205.156
At 31 March 2024
9,520,085
9,520.085
Freehold land and buildings with a carrying amount of £7.467,081 12024 - £7,467.081) have been pledged to
secure the Unity Trust loan. Certain properties ale also subject to legal charges in favour of Barclays Bank plc as
security for the charity's overdraft facility. Further details are provided in note 17.
Depreciation on freehold and leasehold property is not provided as the trustees feel Ihat significant replacement
and maintenance works are carried out on an annual basis to the extent that the residual value is considered lo
be equal to the cost.
14. Debtors
Total
2025
Total
2024
Debtors from operations
Prepayments and accrued income
Other debtors
902,236
149,069
17,502
1.654,169
260,837
47,923
1,068,807
1.962,929
Page 26

Sandwell Community Caring Trust
{A Company Limited by Guaranteel
Notes to the financial statements for the year ended 31 March 2025 (continued)
15. Creditors - amounts falling due within one year
Total
2025
Total
2024
Creditors from operations
Taxation and social security
Accruals and deferred income
Bank loans
Other creditors
141,460
185,358
1,171,635
175,521
46.034
1,720,008
305,875
199,307
975,110
220,572
58,087
1.758,951
Deferred income
Deferred income brought forward
Resources deferred in the year
Amounts released from previous years
Deferred income carried forward
127,866
363,728
127,866}
363,728
186,223
127,866
{186,2231
127,866
At the balance sheet date. the charity was holding funds received in advance for a residential and day care fees.
16. Creditors - amounts falling due after more than one year
Total
2025
Total
2024
Bank loans
2,305.032
2,485.258
17. Loans and overdrafts
Total
2025
Totsl
2024
Bank loans
2,480,553
2.705,830
Payable within one year
Payable after more than one year
175,521
2,305,032
2,480,553
220,572
2.485,258
2.705,830
The loans are secured by fixed charges over the specific properties to which they relate.
One loan facility is held with Unity Trust Bank and was originally due to mature within one year of the reporting
date. However, negotiations to refinance the facility are ongoing. and the lender has indicated that it is not
presently their intention to withdraw this funding. The average interest rate on this facility during the year was
approximately 7.96 /0. Wlth total interest charged of £193.437, presented within finance costs (see note 121. There
are no financial covenants allached lo this facility. Details of associated security are disclosed in note 13.
Page 27

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2025 (continued)
17. Loans and overdrafts {continuedl
The second loan is a Coronavirus Business Interruption Loan Scheme {CBILS) facility, which carries a fixed
interest rate of 7.50/0 and is due to mature in November 2025. Interest charged during the year amounted lo
£12,151 and is also included within finance costs (see nole 121. There are no financial covenants associated with
this loan.
The charity has an overdraft facility of £500,000 with Barclays Bank plc. This facility is secured by a debenture, a
limited guarantee of £400.000 provided by the Department for Energy Security and Net Zero daled 26 November
2020, and legal charges over certain properties held by the charity. At the year end, no amount was drawn down
on this facility.
18. Commitments under operating leases
At 31 March 2025. the charity was committed to
making the following payments under non-
cancellable operating leases
Total
2025
Total
2024
Within one year
Within two to five years inclusive
In over five years
1,335,954
4,755.553
17,074,942
23,166,449
1.332,217
4.788,621
18.102,072
24.222,910
19. Analysis of funds
Balance at
1 April
2024
Gains
losses and
transfers
Balance at
31 March
2025
Incoming
resources
Resources
expended
Restricted funds
Alsop House
Pension
373,393
(373.393)
(389.000}
(762,393)
389,000
389,000
373,393
Unrestricted funds
General fund
8,363,238
8,363,238
16.605,271 (16,911,164)
16,605,271 (16,911,164)
373.393
373.393
8,430,738
8,430,738
Totsl funds
8,736,631
16.605.271 {16,522,164)
389.000
8,430.738
Page 28

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2025 (continued)
19. Analysis of funds (continued)
Name of fund
Description, nature and purpose of fund
Restricted general fund
Money given to the charity where the donor requires that a grant or
donation be spent for a specific project.
Funds relating to Alsop House were originally received from the National
Lollery Community Fund. with a condition that 92/0 of the asset value
would be repayable to the Fund in the event of disposal prior to 1 February
2025. As this date has now passed and the property has not been disposed
of. there is no longer any repayment obligation and these funds have been
transferred to the unrestricted fund.
Unrestricted general fund
The free reserves of the charity which are not designated for particular
purposes.
20. Analysis of net assets between funds
Fund balances at 31 March 2025
are represenled by..
Restricted
pension
fund
Restricted
general
funds
Unrestricted
funds
Total
funds
Tangible fixed assets
Current assets
Current liabililies
Long term liabilities
Total net assets
10,205,156
2,250,622
(1.720,008)
2,305,032)
8,430,738
10.205,156
2,250.622
{1,720,008)
{2.305.032)
8,430.738
Comparative information in respect
of the preceding period is as
follows-.
Restricted
pension
fund
Restricted
general
funds
Unrestricted
funds
Total
funds
Tangible fixed assets
Current assets
Current liabilities
Long term liabilities
Totsl net assets
9.146.692
3.460,755
(1.758,951)
{2.485.258
8.363.238
373.393
9,520.085
3,460.755
(1,758,951)
2,485.258)
8,736.631
373.393
Page 29

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2025 (continued)
21. Financial commitments, guarantees and contingent liabilities
In the 2017-18 financial year, the charity entered into a lease with Real Estate Investors plc and Sandwell Valley
School lo act as the guarantor of the rent should the tenant (being Sandwell Valley School) fail to pay. The lease
runs from 29 September 2016 to 28 September 2041 with a rental charge of£120,000 plus VAT per annum.
22. Reconciliation of net incomel{expenditurel to net cash flow from operating activities
Total
2025
Total
2024
Net incornel(expenditure) for the year
Depreciation
Interest receivable
Defined benefit pension scheme cost less contributions payable (note 24)
Defined benefit pension scheme finance cosV(income) (note 24)
Defined benefit pension scheme unfunded benefits paid
(Increase) I decrease in debtors
Increase l (decrease) in creditors
83.107
14.150
(9.6951
25.000
(406.000)
{8,000)
894,122
6,108
448,443
(9,500)
39,000
(313,0001
18,000)
100,805
436,958
Net cash flow from operating activities
598.792
694,706
23. Analysis of changes in net {debt)Ifunds
At1
April 2024
Cash
flows
At31
March 2025
Cash al bank and in hand
1,497,826
(316.011)
1,181,815
Loans falling due within one year
Loans falling due after more than one year
(220,572)
(2.485,258)
45.051
180.226
(175.521 }
{2,305,0321
(1.208.004)
{90,734} {1.298.738)
24. Retirement benefit schemes
Defined contribution schemes
The charity operates a defined conlribulion pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £253,374 (2024- £257,936).
Page 30

Sandwell Community Caring Trust
(A Company Limited by Guarantee
Notes to the financial statements for the year ended 31 March 2025 (continued)
24. Retirement benefit schemes (continued)
Defined benefit schemes
The charity operates a defined benefit pension plan for qualifying employees providing benefits based upon final
pensionable pay. The pension plan is funded by the payment of contributions and assets of the plan are held in
a separately administered fund.
The most recent comprehensive actuarial valuation of pension plan assets and the present value of the defined
benefit obligation were carried out al 31 March 2019.
The fair value of the pension assets at 31 March 2025 are in excess of the present value of the defined benefit
obligation at that date. This gives rise to a surplus of £10,349,000 {2024 - £8,423.000).
The surplus is recognised in the financial statements only to the extent that the charity can recover that surplus,
either through a reduction in future contributions or Ihrough a refund lo the charity.
The charity is not able to determine that future contributions w¢ll be reduced nor will it receive a refund in the
foreseeable future. Therefore the surplus of £10,349,000 {2024 - £8.423,000) is not recognised as an asset at
31 March 2025. An adjustment has been made through the Statement of Financial Activities to reflect this.
Principal actuarial assumptions
At31
At31
March 2025 March 2024
5.80%
2.78 /.
3.78/4
Discount rate for scheme liabilities
Rate of increase for pensions in payment l inflation
Rate of increase in salaries
4.830/0
Mortality assumptions
The assumed life expectations on retirement age 65 are..
At31
At31
March 2025 March 2024
Retiring today
Males
Females
Retiring in 20 years
Males
Females
20.3
22.7
20.3
22.7
19.4
24.4
19.5
24.4
Amounts recognised in the statement of financial activities
Total
2025
Total
2024
Current seNice cost
Interest income
Interest cost
145,000
179.000
(1,226,000) (1.121,000)
820,000
808,000
Page 31

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2025 (continued)
24. Retirement benefit schemes (continued)
Amounts taken to other comprehensive income
Totsl
2025
Total
2024
Actual relum on scheme assets
Interest income
Return on scheme assets
Actuarial changes related to scheme assets
1,226,000
1.226.000
(389.000)
1,121.000
1,121,000
282,000
The actual return on scheme assets was 0.400/0 (2024- 9.70/4)
The amounts included on the balance sheet arising from the charity's obligations
in respect of defined benefit schemes are as follows:
Total
2025
Total
2024
Present value of defined benefit obligations
Fair value of plan assets
Deficit in scheme
25,298,000
{25.298.000
25,690,000
25,690,000)
Changes in the present value of defined benefit obligations
were as follows
2024125
2023124
At 1 April 2024
Current service cost
Benefits paid
Unfunded benefits paid
Employee contributions
Actuarial gainsl(losses)
Interest cost
Adjustment for unrecognised surplus in scheme
At 31 March 2025
25,690,000
145,000
(653,000)
18,000)
50,000
(2,672,000)
820,000
1,926,000
25.298.000
23.793.000
179.000
(590.000)
(8.000)
54,000
1367.0001
808,000
1,821,000
25,690.000
The defined benefit obligations arise from plans funded as follows
2024125
2023124
Wholly unfunded obligations
Wholly or partly funded obligalions
Adjuslmenl for unrecognised surplus in scheme
81.000
14.868.000
10.349.000
25,298,000
89,000
17,178,000
8,423,000
25.690,000
Page 32

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2025 (continued)
24. Retirement benefit schemes {continuedl
Changes in the fair value of Trust's share of scheme assets
were as follows
2024125
2023124
At 1 April 2024
Interest income
Return on assets less interest
Benefits paid net of transfers in
Employer contributions
Employee contributions
At 31 March 2025
25,690,000
1,226,000
{1,135,000)
(653,000)
120,000
50.000
25,298,000
23,793,000
1,121,000
1,172,000
(590.000)
140.000
54,000
25.690,000
The trust's share of the assets in the scheme was .
31 March
2025
31 March
2024
Equities
Bonds
Property
Cash and other liquid assets
Total market value of assets
12.396.020
9,360.260
1,770.860
1.770,860
25,298,000
15,670,900
7,193,200
1.541,400
1.284,500
25.690,000
The latest asset split that has been provided allows for index returns, where required, on each assel category lo
determine the split of assets.
25. Related party transactions
The following related party transactions look place during the period
Sandwell Valley School Limited
Trustees M Hall, A Coley and G Walker are company directors within Sandwell Valley School Limited. During the
year. Ihe charity incurred costs of £1,057 {2024 £2,584) on behalf of Sandwell Valley School Limited. These
costs were recharged in full and offset against the original expenditure. As such, they are nol included within the
Statement of Financial Activities. There was no amount outstanding at the year end {2024 - debtor balance of
£246). All transactions were carried out in the normal course of business and on an arm's length basis.
Lymphcare UK CIC
During the year, the charity provided services to Lymphcare UK CIC. a company in which Kristina Jones. a
member of the Board of Trustees, holds a position on the board. Income of £3,122 was received in the year
(2024 - £3.870). and is recorded within income from charitable activities in the Statement of Financial Aclivilies.
At the year end, a balance of £125 was due from Lymphcare UK CIC (2024 - £4,245). and is included within
debtors (see note 14). All transactions were carried out in the normal course of business and on an arm's length
basis.
Page 33

Sandwell Community Caring Trust
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2025 {continued)
26. Exceptional costs
Property commission payment
During the year, the charity made a one-off payment of £425.000 in settlemenl of an historic commission claim
relating to a property transaction originally completed in March 2021. The transaction enabled the charity to
secure ils continued occupation of the properties and resulted in a net gain of £521,000 lo the charity al the lime.
Following legal advice. the trustees approved a negotiated settlement of £425,000, which was formalised by a
signed settlement agreement.
Page 34