Stockport Car Scheme The Heatons Centre Thornfield Road Heaton Moor SK4 3LD 0161476 2812 Hilton Jones LTd Tla Community Accountancy Serqice Hollinwood Business Centre Albert Street Oldham OL8 3QL Dear Sirs, We confinn to the best of our knowledge and belief and having made appropriate enquiries of other Trustees and Officials of the Charity, the following representations given to you in connection with your examination of the Charity's Accounts, for the Year Ended 31st March 2025. 1. We acknowledge as Trustees our responsibility for the accounts, which you have prepared for the Charity. All the accounting records have been made available to you for the purpose of the examination, and all the transactions undertaken by the Charity have been properly reflected and recorded in the accounting records. All other records and related information including minutes of all management meetings have been made available to you. 2. Provision has been made in the Accounts for: all liabilities that exist at the balance sheet date (other than contingent events in respect of which no liability is expected to arise); all losses expected to arise from events, which had occurred by the balance sheet date. 3. At the balance sheet date, none of the liabilities were secured on any assets of the Charity. The assets in the balance sheet at that date were owned by the Charity free of any charge in favour of third parties. 4. At the balance sheet date there were:
no material contingent or potential liabilities under claim or pending or threatened litigation, no other material contingent liabilities, no material commitments under contracts placed for capital expenditure. 5. The net book values at which fixed assets are stated in the balance sheet were arrived at: after taking into account as additions all capital (not revenue) expenditure during the year, after writing off all amounts relating to items which had been scrapped or sold during the year. after providing for depreciation on a scale sufficient to cover obsolescence and wear and tear so as to redu the assets to nil or their residual value by the time the assets are no longer economically useful to the Charity. 6. Other current assets included in the balance sheet are expected to realize at least the amounts at which they stated. 7. All income that arose up to the date of the balance sheet has been brought into account. 8. Except as disclosed in the Accounts, the results for the year were not materially affected by transactions of a nature not usually undertaken by the Charity, by exceptional circumstances or by transactions relating to a previous year. 9. Events since the balance sheet date have been taken into account so far as they have a bearing on the balance sheet. Apart from changes in the ordinary course of business the financial position is not substantially different to that at the balance sheet date. 10.The Chaiity has at no time during the year made any arrangement, transaction or agreement to provide credit facilities for Trustees. nor to guarantee or provide security for such matters. 11. The Trustees know of no events that are likely to affect the adequacy of working capital to meet foreseeable requirernents in the year following the adoption of the Accounts. 12. Other than disclosed in the accounts there have been no transactions between the Charity and other organisations in which any of the Trustees or any persons connected with them have an interest. Yours faithfully, Chair- Committee Member- On Behalf ofthe Management Committee Date: 22 May 2024
STOCKPORT CARE SCHEMES (operating as Stockport Car Scheme FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Registered Charity No.1091546 HILTON JONES LTD Tla Communty Accountancy S8Nice Hollinw)od Busine33 Centra bert stt, Oldham Lancashire, OL8 3QL
STOCKPORT CARE SCHEMES INDEX PAGE NUMBER Trustees Annual Report Independent Examiners Report statement Of Financial Activities Balance Sheet statement Of Cash Flows 9-14 Notes To The Accounts For Management Purposes Only 15 Income & Expenditure Account
STOCKPORT CARE SCHEMES Report of the trustees for the year ended 31ST March 2025 The trustees present their annual report and financial statements of the charity for the year ended 31st March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and Comply with the charity's constitution, 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 (FRS 102) (January 2019)- Reference and administrative infomiation Charity Name: Stockport Care Schemes Charity Number. 1091546 Trustees The trustees and offir$ seNing during the year and Sin the year end were as follows: Ms Helen O'sullivan Chair Mr George Berry Mr John Wilson Treasurer (resigned 24 October 2024) (appointed 16 January 2025) Treasurer MrAndrew Wardle Miss Claire Bakewell Ms Theresa Rogers Mr Michael Faragher Ms Barbara Cunliffe Cllr Shantini Alexander Mr Colin Birtles Key management personnel: Trustees and Dlrectors Ms Helen O'sullivan Chair of Trustees Senior managers Mrs Susan Peck Reglstered Office The Heatons Centre. Thomfield Road, Heaton Moor, Stockport, Cheshire, SK4 3LD Independent Examlners Hilton Jones Ltd trading as Community Accountancy Service HollInv0d Business Centre Albert street Oldham OL8 3QL
STOCKPORTCARE SCHEMES Bankers The Cooperative Bank plc, 1 Balloon Street, Manchester, M60 4EP Objectives and activities The purposes of the charity are to promote the relief of persons who are aged, sick or who have disabilities and are in need of care and support, by provision of support services and infomiation to such persons and their carers in Stockport,. to carry out such other charitable purpose or purposes as the Trustees in their absolute discretion shall from time to time detemine. The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Charity's aims and objectives, in planning future activities, and setting the policies for the year. The charity furthers its charitsble purposes for the public benefit through using volunteer drivers who use their own cars to take people who struggle with public transport to social groups, day centres, medical appointments visiting friends and family and shopping to reduce social isolation and help people stay well and independent in their own homes. Structure, governance and management Stockport Care Schemes is registered as a charty with the Charty Commission (dated 5th April 2002). Appointment of trustees As set out in the constitution trustees are elected annualty by the members of the charity attending the Annual General meeting and serve for a period of 1 year, following which they may offer themselves for r8-election. The Executive Committee shall consist of not less than 3 members not more than 12 members. Trustee induction and training New trustees are given a Trustee Training and Guidance Pack which covers.. The obligations of the Board of Trustees The current financial position Future plans and objectives Organisation The board of trustees administers the charty. The board normally meets formally four times a year. A manager is appointed by the trustees to manage the day-to-day operations of the charty. Related parties and CO•operation with other organisations None of our trustees receive remuneration or other benefit from their work as trustees with the charity. Any ¢onne¢tion beeen a trustee or senior manager with any service providers must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. In the Current year remuneration and re-imbursement for other roles and related party transactions are reported in Note 6.
STOCKPORT CARE SCHEMES A review of our achievements and performance The main achievements during the year were: Continuing the contract with Stockport MBC Providing transportation to over 4,000 clients Using over 80 volunteers to drive and assist with the administrative fundions of the organisation Developing the service offered by the accessible minibus to take people in wheelchairs and also multiple people to groups, shopping and days out using a paid driver and volunteer drivers. Taking people for their covidfflu vaccination Financlal review Total incoming resources were £310,250 (2024 £297,622). Total resources expended were £270,487 (2024 £249,429). Overall the net movement in funds was £39,763 (2024 48,192), before actuarial gains and losses reL3ting to the pension scheme. Restricted Funds balance at 31st March 2025 was £81,526 (2024 - £54,560) relating to the new vehicle. Investment powers and policy The trustees, having regard to the liquidty requirements of operating the charty and because it only secured long term funding during the year, have kept available funds in a Current account. It is currently exploring the options to deposit funds into a longer-term higher interest account. Reserves pollcy and golng concern The balance held in unrestricted resetves at 3181 March 2025 was £163,103, £158,046 of which is free reserves, after allowing for funds tied up in tangible fed assets. The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately six months of running costs (currently £135,000). The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered. Having considered financial forecasts and the current level of reserves the trustees consider that the charity is a going concern. Rlsk management The trustees have conducted a review of the major risks to which the charty is exposed and systems have been estsblished to mitigate those risks. The main risk will aayS be the need to maintain grant and other funding. The organisation is continually monitored by Stockport MBC to ensure it meets its requirements. Additionally, it seeks other sources of grant funding to help maintain its services.
STOCKPORT CARE SCHEMES Plans for Future Periods To continue to recruit volunteer drivers to meet the demand from clients and partners To maintain an innovative approach for providing transport to our clients. These Clients may have multiple disabilities or through deterioration of health need aCsSible supportive transport. To further develop the service we offer using the new aGcessible minibus To continue neorkIng and collaborating with organisations to get people out and about to prevent isolation and keep them included and active in the community. Trustees sponSibl11t1es in relation to the financial statements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requifes the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to: Select suitsble accounting principles and then apply them consistentty., ObseNe the methods and principles in the applicable Charities SORP; Make judgments and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements., Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charty will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial posrtion of the charity and to enable them to ensure that the financial ststements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provision of the Twst deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. By order of the board of trustees Ms Helen O'sullivan Chair Date: 2210512025
STOCKPORT CARE SCHEMES INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES REGISTERED CHARtrY NO. 1091546 I report on the a¢¢ounts of the charity, for the Year Ended 31st March 2025 which are set out on pages 6 to 14 Respective Responsibllltles of Trustees and Examiner The Gharity's trustees are responsible for the preparation of the accounts. The charity trustees Gonsider Ihat an audit is not required for Ihis year under section 144{2) of the Charilies Acl 2011 (the 2011 Act) and that an independenl examination is needed. The charty is preparing accrued accounts and l am qualified to undertake Ihe examination by being a qualified member of the Association of Chartered Certified Accountants. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act: follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act., and state whether particular matters have come to my attention. Basls of Indopendont Examiners Report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kepl by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disdosures in the accounts, and seeking explanations from you as trustees con¢erning 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. Independent ExaMineS Statement In connection with my examination, except as disclosed below, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records have in accordance with section 130 of the 2011 Act-, and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act. have nol been met.. or {2) to which. in my opinion. attention should be drawn in orderto enable a proper understanding of the accounts to be reached. Signed.. JM Hilton-Jones FCCA Date: 2210512025 Hilton Jones Ltd trading as Community A¢countscy Servlce Hollinwood Business Centre Albort Street Oldham OL8 3QL
STOCKPORT CARE SCHEMES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Totsl Funds 2025 Total Fund$ 2024 Unrestrictsd Restricted Funds Funds Not9$ INCOME FROM: Donations Charitable Activities Other income 81.463 160,160 228 81.463 228,560 228 83,562 209,060 68,400 TOTAL 241,851 68,41)0 310,251 297,622 EXPENDrruRE ON: Charitable Activibes (229,054} (41,434) {270,488) (249,4291 TOTAL {229.054} {41.434) 1270.4881 (249,4291 NET INCOME (EXPENDITURE) 12,797 26.966 39.763 48,193 Actuarial Gains{Losses) on defined benefit pension schemes 10 (12) (12) NET MOVEMENT IN FUNDS 12.785 26.966 39,751 48.192 Reconciliation of Funds Totsl Funds Brought FOrd 150,318 54.560 204,878 156.686 TOTAL FUNDS CARRIED FORWARD 11 163,103 81,526 244,629 204,878 The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expendéd derive from conts'nuing activities. The notes on pages 9 to 14 fom) part of these accounts.
STOCKPORT CARE SCHEMES BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 FIXED ASSETS 42,529 60.917 CURRENT ASSETS Debtors and Prepayments Cash at Bank & in Hand 3,791 241.472 18,612 225,076 245,263 243.688 LIABILITIES Amounts falling due Ythin one year 141,247) 98,873 Net Currant Assets 204,016 144,815 PROVISIONS FOR LIABILITIES Defined benéfft Pension Scheme 10 (1.916) {854) NET (LIABILITIES) I ASSETS 244,629 204,878 THE FUNDS OF THE CHARrrY Restricted Funds Unrestricted Income Funds 81.526 163,103 54,560 150,318 12 244,629 204,878 Approved on b8half of the Trustees Management Committee Tnjstse Helen O'sullivan Chair Truslee John Wilson Treasurer Date.. 2210512025 Th8 notes on pages 9 to 14 fom part of these accounts.
STOCKPORT CARE SCHEMES STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2.025 2,024 Net movement in funds Add.. depreciation Le$s.' profit on disposal of fixed asset De¢reasel(in¢reasel in debtors Increasel(decreas8) in credito 39,751 17,705 (901) 14,821 156,564) 48.192 7.182 {2,649) 64,963 Net cash used In operatin8 artivities 14,812 117,688 Cash flows from Investment activiti•s: Purchasel{Disposal) of Fixed Assets 1,585 152.001) Net ¢a$h provlded by Investlng acllvltles 1,585 152.001 Increasel(de¢reasel in $h and cash equivalents during the y6ar 16,397 65,687 Cash and cash equivalents brought foThvard 225.076 159,389 Cash and Cash equivalents ¢arriod forward 241,473 225,076 The notes on pages 9 to 14 fom part of these accounts.
STOCKPORT CARE SCHEMES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 l. Accounting policies (a) Basis of preparatlon and assessment of golng concern The accounts (financial slatemènts) have bèen prepared under the historical cost convention with items f8gniSed at cost or transaction value unless otherwise stsled in thé relevant notes to Ihesé accounts. The financial ststements have been prepared in accordance with the Statement of Recommended Practice: A¢Unting and Reporting by Charities preparing their a¢¢ounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102} January 2019 and the Financial Reporting Stsndard applicable in the United lQngdom and Republic of Ireland {FRS 102} and the Charities Act 2011. The charity constitutes a public benefft entity as defined by FRS 102. The trustees consider that there are no material uncortainties about the charity's abilty to continue as a going Conrn. Ibl Funds structure Restricted funds are fvnds which are to be used in accordance wth specific re$tri¢tions imposed by the donor. Unrestricted income ndS comprise those funds which the truste8s are free to use for any purpose in fvrtherance of the charitable objects. Unréstrided funds include designated funds where the trusteés. at their discretion. have created a fund for a sp&cifi¢ purposè. Further details of éach fund are disclosed in note 11. {() Income recognitio All income is recognised once the charity has entitlement to the income, it 1$ probable that the income will be received and the amount of income receivable ¢an be measured reliably. Donations are recognised when the charity has been notified in writing of both the amounl and selllement date. In the event that a donation is subject to conditions that require a16vel of perfomiance before the charity 1$ entilled to the fvnds. the income is deferréd and not recognised until either thos8 conditions are fijlly mét. or the fulfilment of Ih¢)se conditions is wholly within the control of the charity and il is probable that those conditions will be fulfilled in the reporting period. Interest on fvnds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this is normally upon notification of the intsrest paid or payable by the bank. Id} Expendlture Recognltion Liabilities aré r8cognised as expenditure as soon as th6r6 is a legal or construclive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expénditure is accounted for on an a¢cruals basis. All éxpenses including support ¢osls and governance costs are allocatèd or apportioned to Ihe applicable expenditure headings. For morè information on this attribution refér to note (g) below. (e) Irrecoverable VAT Irrecoverable VAT is charged against the 8xpendItU heading for which it was incurred. (fj Allocatlon of support and governance costs Support costs have been allocated between governance costs and othér support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs includè costs related to independent examinalion and legal fees together an apportionment of ovérhead and support costs. Govemants Costs and support ¢o$ts relating to ¢haritable activities have been apportioned based on staff time and thé usage of facilities and services for management purposes. The tharity has thé fr88 use of a room for management meetings and increasingly uses teleconferencing facilities. The allocation of support and govemance costs is analysed in nots 4. Ig) Charltable Actlvltles Costs of charitab18 activities includ8 governanc8 Costs and an apportionment of support costs as shown in note 3. {h) Tanglble fixed assets and depreclation All assets costing more than £500 are capitalised and valued at historical cost. Depreciation is charged on thè following basis: Motor Vehicles Furniture & offi Equipment 25Vo on cost 250/0 on cost
STOCKPORT CARE SCHEMES io NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2026 11> Debtor8 Trade and other debtors are reco9nised at setuément amount due after any trade discount offéred. Prepayments are valued at the amounl prepaid net of any tradé discounts due. li) Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting trom a past event that will probably result in the transfer of funds to a third paty and the amount due to setue the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. (k) Realised gains and losses All gains and losses are taken to the Statem8nt of Financial Activities as they arisé. Realised gains and losses on inveslments are cal¢ulated as the differènce betsveen sales proceeds and théir opening carrying values or their purchase value if acquired subs8quent to the first day of the financial year. Unrealised gains and losses are calculated as the difference betsveen the fair value at th8 year end and their varying value. Realised and unrealised investment gains and Ioss8s are combined in the Statement of Financial Activities. (l) Penslons The charity recognises a liability measured a$ the present value of the contributions payable that arise from the deficit recovéry agreement and the resulting expense in thè income and expenditure account i.e. the unwinding discount rate as a finance cost in the petiod in which it arises. A provision is made for liabilities beyond the stsndard contributions Note 10. (m) Contingent liabilities There were no contingent liabilities al 31st March 2025 {2024 £nil.I (n) Taxation The chanty NMII appty for an exemption to tax on income and gains. due to its charitable status therefore no provision for taxation has been made in the accounts. The charity is not registered for Value Added ts o) Finan¢lal Instruments The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised on a transaction value and subsequently measured at their settlement vaSue with the exception of pensions {see l above).
STOCKPORT CARE SCHEMES 11 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 2. INCOME FROM CHARITABLE ACTIVITIES Total Funds 2025 Tolal Funds 2024 Unreslrlctsd Rèstrlctsd 202S 2026 Unrestricted 2024 Restricted 2024 Grants & Contracts SMBC Motability Foundation Didsbury OSC 160.160 160,160 68.400 154.000 154.000 68,400 54.560 500 154.500 160,160 68,400 228.560 54,560 209,060 3. EXPENDITURE ON CHARITABLE ACTIVITIES Total Funds 2025 Total Funds 2024 Unr•strlctgd Rèstrl¢tod Funds Funds Unrestrided Restricted Funds Funds Rent Staff Salaries and NIC Staff Pensions Récruitment Cost$ Staff Travel Expenses Training & Conferences Volunteer Expenses Vehicle Expenses DBS Ghecks Advertising & Publicity Room Hire Activity Costs & Refreshments Sundries Interest Charges Support Costs Govemance Costs 10,156 129,337 5,577 10,156 153,337 5,577 9.325 140,614 5,124 199 192 293 65,033 5,408 130 9,325 140,614 5.124 199 192 293 65.033 5,408 130 24,000 3,737 4,331 604 59,738 3,002 186 225 604 59,738 1,796 1.206 225 331 331 1,466 316 70 20.220 708 249,429 1.903 1,903 318 70 20,220 708 249,429 23 18.182 732 229,054 23 30,673 732 270,488 12,491 41,434 4. ALLOCATION OF GOVERNANCE AND SUPPORT COSTS The breakdown of support costs and how these were allocated beeen govemance and other support costs is shown below.. General Support Govornanc• Total 2025 General Support Governance Total 2024 Computèr System Maintenanc & Minor Equipment Telephone & Inlemet Insurance Post, Printin9 & Stationery Subscriptions IProfit)ILoss on asset disposals Depreciation Professional Fees Pension Scheme Charges Payroll Costs Accountancy Feès 1,748 4.064 1,526 3,280 294 {901) 17,705 1,748 4,064 1,526 3,280 294 {901) 17,705 2,198 3,119 1.393 2,452 299 2,198 3,119 1,393 2,452 299 7,182 1,226 1,203 1.148 7.182 1.226 1,203 1,148 708 20,928 1,762 1,195 1,762 1,195 732 31,405 732 732 708 708 30,673 20,220
STOCKPORT CARE SCHEMES 12 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 5. STAFF COSTS 2025 2024 Stsff Costs.. Wages and Salaries Pension Costs Employers NIC 149,483 5,577 3,854 158,914 137,142 5.124 3,472 145,738 The charity employed 9 staff during the year {average number ofemployees during the yearwas 9) a fijll time equivalent of 512024.. 5). The charity considers its key management personnel comprises the trustees. Manager and Senior Transport Organiser. The toial employment benefits, including employer pension contributions of the key management personnel were £50,725 (2024 £48,109). No employee has benefits in excess of £60,000 . 6. TRUSTEES. REMUNERATION AND EXPENSES No remuneration dire¢tly or indire¢Uy out of the funds of the charity was paid or payable during thé year, to any trustè8 or to any pèrsons known to be connected with any of them. No trustees were paid expenses in their role as trustees. Some trustees also volunteer as driversladmin support and are reimbursed mileage in their role as such. Mileage- SIX trustses £5.723 7. TANGIBLE FIXED ASSETS Furniturè & Offlce MotorVohl¢li Equipment Totsl COST at 1st April 2024 Additions Disposals At 31st March 2025 55,957 26,689 815 82.646 815 15,995 77,466 {5,9951 49,962 27,504 DEPRECIATION at 1st April 2024 Charge for Year Disposals At 31st March 2025 4,496 12,491 (4,4961 12,491 17,232 5.214 21.728 17.705 (4,4961 34,937 22,446 NET BOOK VALUE At 31st March 2025 37,471 5,058 42,529 At 31 st March 2024 51,461 9,457 60,918 8. DEBTORS 2025 2024 Other debtors Prepayments & Acctued In¢ome 14,057 4,555 18,612 3.791 3,791 All ppayMentS and accrued income in 2025 and 2024 relatsd to unrestricted funds. 9. LIABILITIES: Amounts Falling Due Within One Year 2025 2024 Other Creditors Deferred Income Accruals 39,683 62.014 34,200 2.659 98.873 1,564 41,247 In 2025 £0 related to restrictèd funds. In 2024 £34,200 related to restricted funds. Deferred In¢omo Income deferred during the year 34,200
STOCKPORT CARE SCHEMES 13 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 10. PROVISION FOR LIABILITIES Stockport Care Schemes partlGipates in The Pensions Trusys Gro Plan {the Plan}, a mulkn'_employer scheme which provides benefits to same 638 non-associated participating employers. The scheme is a defined benefit scheme in the UK. It is not possiblè for th8 charity to obtain sufficiént information to enable it to account for the scheme as defined benefit scheme. It therefore accounts for the scheme as a defined contribution scheme. The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This together with the d0ments issued by the Pension Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, Sel out the framework for funding defined beneffit occupational pension schemes in the UIQ The schem6 is dassified as a 'l8St-man' stsnding arrangement. Therefore the charity is potentially liablè for other parbcipating employers, obligations if those employers are unable to meet their shgre of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficil on an annuity purchase basis on withdrawal from the scheme. A full actuarial valuation for the scheme was carried out at 30 September 2023. This actuarial valuation showed assets of £514.9m. liabiliti8s of £531.Om and a defi'cit of £18.1m. To eliminate this funding shortfall, the Trustee has asked th6 participating employers to pay additional contributions will be paid to the scheme as follows.. Doficit Contrlbutlon$ From 1 April 2025 to 31 March 2028 £2.100,000 per annum Unless a nCeSsiOn has been agreed with thé Trustee thé temi to 31 March 2028 applies. Note that the $¢heme's prèvious valuation statement was carried out wth an effectiv8 dale of 30 September 2020. This valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall, the Trust8é has asked the participating employers to pay additional contributions to the schem8 as follows.. Thé recovery plan contributions are allocated to éach participating employer in linè with their estimated share of the Series 1 and Series 2 scheme liabilities. Where the herne is in deficit and where the charity has agreed to a deficit funding arrang8m8nt the charity re¢ognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction Contributions payable under the agreement that relatss to the deficit. The pr8s8nt value is calculated using th8 discount rats detailéd in these disclosures. The unwinding of the discount rate is recognised as a finance cost. 31 Mah 2025 31 March 2024 Present Value of Provlslon Present Value of Provision 1.916 854 Rgconclllallon of Opening and Closing Provislons Provision at stsrt of the Period Unwinding of the Discount Factor Defficit Contribution Paid Re-measuremènts - impact of any change in assumptions Re-measuréments - amendm6nts to the contribution schedule Provision at End of the Period 854 23 1870) 12 1,897 1,916 1,828 70 11,045) 854 Assumptions Rate of DiSUnt 5.31 The discount rates shown above are the equivalent single discount rates which, when used to discount the futur8 recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions.
STOCKPORT CARE SCHEMES 14 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 10. PROVISIONS (cont...) Deficit Contributions The proposed recovery plan for the Growth Plan aims to eliminate thè dèficit via a combination of additional Contributions from employers and investment returns over a period of 6 years from 1 April 2019. Additional contributions are qUired from 1 April 2025 at a rate of £684 per annum at 3.5¥o A provision lo cover these amounts, as discounted, has been made in the accounts. The charity must recognise a liability measured as the present value of the contributions payable that arise from the deficit recovery agreement and the resulting expense in the income and expenditure account i.e. the unwinding discount rate as a finance cost in the period in which it arises. It is these contributions that have been used to derive the charivs balance sheet liability. 11. MOVEMENT IN FUNDS Balan¢• al 0110412024 Incoming Outgolng Balance Incl. actuarlal at revaluations 3110312025 Resource8: Transfers Restrl¢ted Funds.. Motability Foundation Unrnstrl¢ted Funds.. Genèral Total Funds 54,560 68,400 {41,4341 81.526 150,318 204,878 241,851 310,251 1229,066 270.500 163.103 244.629 Previous Year Balance at 0110412023 Incoming Outgoing Balance incl. actuarial at revaluations 3110312024 Resources.. Transfers Restslcted Funds." Unrestricted Funds.. General Total Funds 54,560 54.560 156.686 156.686 243,062 297.622 1249,4301 249,430 150,318 204.878 12. ANALYSIS OF NEf ASSETS BETWEEN FUNDS Fixed A88ets Not Current Provision for Assgts Liabilities Total 2025 Restrleted Funds." Unrestricted Funds." TOTAL FUNDS 37.471 5.058 42,529 44.055 159,961 204,016 81,526 163,103 244,629 1.9161 1,9161 Previous Year Fixed Assets Net Current Provision for Assets Liabilities Total 2024 Restricted Funds.. Unréstricted Funds= TOTAL FUNDS 49,962 10,955 60,917 4,598 140,217 144,815 54,560 150,318 204,878 1854 8541 13. CAPITAL COMMITMENTS 2025 2024 Contracted but not provided for £nil £nil
STOCKPORT CARE SCHEMES 15 INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 (for management purposes only) INCOME Grants & Contracts: SMBC Motability Foundation (£34,200 deferred) Didsbury OSC 2026 2024 160,160 68,400 154,000 51JO 209,060 5,000 228,560 HMR Circle Voluntéer Drivers Service - Partner Payment Interest Received Donations 228 81,463 310,251 83.562 297,622 EXPENDITURE.. Rent Staff Salaries and NIC Staff Pensions Recruilment Costs Staff Travel Expenses Training & Conferencés Volunteer Expenses Vehicle Expenses Room Hire Activity Costs & Refreshments Advertising & Publicity Computer System Maintenanc6 & Minor Eqpt Telephone & Internet Insurance Post, Printing & Stationery Subscrlptions Miscellaneous Depreciation Profit on Disposal of Asset Accountancy Fees DBS Checks Payroll Costs Professional Fees Pension Scheme Charges Interest Charges 10,156 153,337 5,577 9,325 140.614 5,124 199 192 293 65,033 5,408 331 1,466 4,331 604 59,738 3,002 1,903 225 1,748 4,064 1,526 3,280 2,198 3,119 1,393 2,452 299 316 7.182 17.705 {901} 732 186 1,195 708 130 1.148 1,226 1,203 70 1,762 23 270,488 39,763 249.429 48.193 Surplus {Defi¢itl for Year Actuarial Gains (Losses) on Pension Scheme Net Surplus (Deficit) for thé Year 112} 39,751 48,192
CAR.t Stockport Car Scheme The Heatons Centre Thornfield Road Heaton Moor SK4 3LD 0161476 2812 Hilton Jones LTd Tla Community Accountancy Service Hollinwood Business Centre Albert Street Oldham OL8 3QL Dear Sirs, We confirm to the best of our knowledge and belief and having made appropriate enquiries of other Trustees and Officials of the Charity, the following representations given to you in connection with your examination of the Charity's Accounts, for the Year Ended 31st March 2025. 1. We acknowledge as Trustees our responsibility for the accounts, which you have prepared for the Charity. All the accounting records have been made available to you for the purpose of the examination, and all the transactions undertaken by the Charity have been properly reflected and recorded in the accounting records. All other records and related information including minutes of all management meetings have been made available to you. 2. Provision has been made in the Accounts for: all liabilities that exist at the balance sheet date (other than contingent events in respect of which no liability is expected to arise); all losses expected to arise from events, which had occurred by the balance sheet date. 3. At the balance sheet date, none of the liabilities were secured on any assets of the Charity. The assets in the balance sheet at that date were owned by the Charity free of any charge in favour of third parties. 4. At the balance sheet date there were:
no material contingent or potential liabilities under claim or pending or threatened litigation, no other material contingent liabilities, no material commitments under contracts plad for capital expenditure. 5. The net book values at which fixed assets are stated in the balan sheet were arrived at: after taking into account as additions all capital (not revenue) expenditure during the year, after writing off all amounts relating to items which had been scrapped or sold during the year, after providing for depreciation on a scale sufficient to cover obsolescence and wear and tear so as to reduce the assets to nil or their residual value by the time the assets are no longer economically useful to the Charity. 6. Other current assets included in the balance sheet are expected to realize at least the amounts at which they stated. 7. All income that arose up to the date of the balance sheet has been brought into account. 8. Except as disclosed in the Accounts, the results for the year were not materially affected by transactions of a nature not usually undertaken by the Charity, by exceptional circumstances or by transactions relating to a previous year. 9. Events since the balance sheet date have been taken into account so far as they have a bearing on the balance sheet. Apart from changes in the ordinary course of business the financial position is not substantially different to that at the balance sheet date. 10.The Charity has at no time during the year made any arrangement, transaction or agreement to provide credit facilities for Trustees, nor to guarantee or provide security for such matters. 11 .The Trustees know of no events that are likely to affect the adequacy of working capital to meet foreseeable requirements in the year following the adoption of the Accounts. 12. Other than disclosed in the accounts there have been no transactions between the Charity and other organisations in which any of the Trustees or any persons connected with them have an interest. Yours faithfully, Committee Member ------.-------------- On Behalf of the Management Committee Date: 22 May 2024