FRIENDS OF YOIINC. CARF.RS (SWINDON) C()PPF.RFIELt)s 2 OXFORD GARDENS SWINDON WILTSHIRE REGISTERED NUMBER 1094276 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
FRIENDS OF YOUNG CARERS (SWIINDON) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 CONTENTS Page Charitv Information ststement of Responsibilities Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements io
FRIENDS OF YOUNG CARERS {SWINDON) ESTABLISHED 16th September 2002 CHARITY NUMBER 1094276 TRUSTEES I Price (Chair) J. Collar J. Grayburn A. Heneghan P. Slade A.Stevens D.Stevens K. Taylor REGISTERED OFFECE Copperfields 2 Oxford Gardens Swindon SNI 4AJ BANKERS Co-operative Bank PO Box 250 Delf House Southway Skelmersdale WN8 6WT rNDEPENDENT EXAMtNER C. Vaughan 195 Erniin Street Stratton St Margaret Swindon SN3 4NA
FRIENDS OF YOUNG CARERS (SWINDON) TRUSTEES, RESPONSIBILITIES Charity law requires the trustees lo prepare financial statements which give a true and fair view of the state of affairs of tlie charitable coiiipany and of the surplus or dcficil of the charitable company for that period. In preparing those fiiiaiicial sli( leinenls, the trustees are required to.. Sclcct suilablc accounliiig policics and th¢n apply thcm consistently; Make judgjeiiienls and eslin)ales Iliat are reasonable and prudent; ' ollow pplicable accounting standards, subject to any material departures disclosed and ¢xplained in the fiiiancial slateiiici)ts' Prepare Ihe financial slateinents on the going concern basis unless it is inappropriate to presume that the coimpany will continue in business. In addition to coiiiplying wilh charities. legislation the Trustees are also required to have regard to the Cliarities SORP (FRS 102)"Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to cliarilies preparingy their accounts in accordance with the P inancial Reporting Standard applicable in Ilie UK and Republic of Ireland (FRS 102) (applicable l January 2015). The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any liine the financial positioii of the charity and to enable them io ensure that the financial statements coinply ivith Ilie SORP and the Charities Act 201 l. They are also responsible for safeguarding the assets of Ili¢ company and hence for takiiig rcasonable steps for the prevention and detection of fraud and oihcr irregularities.
FRIENDS OF YOUNG CARERS {SWINDON) TRUSTEES, REPORT FOR THE YEAR ENDED TO 31ST MARCH 2025 The trustees present their report and Ihe financial slalements for the year ended 31 st March 2025. Structure Governance and Mana ernent Friends of Young Carers (Sivindon) is a charity established on 16th September 2002. The charity was established under a Declaration of Trust. which sets out the objects and powers of the charity and is governed by ils Trusl Deed which was entered on the Charity Commission's central register on 22nd October 2002. Recruitment and A ointment of Board of Trustees The focus of the charity's work is to provide help and support to young people caring for relatives with physical or mental disabilitie5 or struggling with addiction. The aim is to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. Business, social care, and financial skills are well represented by the trustees. Where a skills gap exists, the charity will approach and invite individuals to offer themselves for election to the board of trustees. Trustee Induction and Trainin Potential new trustees receive an infonnation pack setting out the aims of the charity and the duties of a trustee. Potential new trustees are invited to a meeting with the trustees as an observer. All new tStee$ must confirm there are no reasons for disqualification and declare any conflicts of interest. The charity fornially appoints a new trustee by confinnation in the minutes of a full trustees meeting. The new trustee then undergoes a full induction process. Risk Mana ement Each year the trustees review the charity's exposure to major risks. The trustees assessed the charity's main risk as a reduction in fjjnding. from its Inain income source, its annual charity ball. The ball alone generates close to 500/0 of our annual income. Within this, the Main and Silent Auctions. of donated prizes, genera¢e5 330/0 or rnore of the ball income. So. maintaining this level of dona¢ions is a corresponding risk. The charity continues to increase income from other sources to help reduce its dependence on the annual charity ball. The charity now runs an annual Christmas online auction of donated items and has been success] in obtaining young carer activity driven grants from different sources. These activities alone have delivered in excess of £12,000 in this reporting period. The charity's reserve policy reflects the risks. The charity also regularly reviews the support it offers lo ils beneficiaries lo ensure il continues to meet their needs. Although FOYCS is a children's charity, trustees do not work with children. Consequently. the charity does not seek checks with the Disclosure and Barring Service. However, all trustees must confirm they are not disqualified from being a trustee for any reason.
FRIENDS OF YOUNG CARERS (SWINDON) TRUSTEES, REPORT FOR THE YEAR ENDED TO 31ST MARCH 2025 anisational Siructure Friends of Young Carers (Swindon) has a Board of Trustees of up lo l O trustees. The Board meets a minimum of four limes a year and is responsible for the strategic direction and policy of the charity- At present the Board comprises eight trustees. The charity's trustees have control of the charity and funds. Existing trustees may appoint additional trustees to their nuinber. at any time, providing the total number of trustees is a minimum of three and a maximum of teii. A trustee Inay be appointed or discharged by a resolution of a meeting of the trustees, provided that a Inemorandum is signed by th¢ officer of Ihe charity as present, and attended by two other persons. Trnstees are appointed for a period of three years and can be reelected on a rolling basis. Ob'eclives and Activities The objects of the charity are the relief of young carers in Swindon and the surrounding districts. Young carers are defined as persons up to 18 years of age whose lives are affected in some way because of the need to care for soineone at home. The charity carries out its objects without distinction of sexual orienlation. nationality, ethnicity, race, colour, disability, political or religious beliefs, by association with the Local Authorities, voluntary organisations and the local inhabitants in a common effort to: a) Provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of iinproving the conditions of life of those persons b) Advance the education of those persons. in particular, but not exclusively, by the provision of advice and information c) Promote such other charitable purposes for the benefit of such persons as may from time to time be deterniined. Achievements and Performance The charity has continued to raise funds and disperse them successfully in order to make significant progress with ils objectives. Financial Review As a charity we work very closely with Swindon Carers Centre in order to make funding available to support a range of activities for young carers. The Trustees would like to thank the hard work and dedication of the young carers, support workers. The FOYCS balance sheet remains strong.
FRIENDS OF YOUNG CARERS (SWINt)ON) TRUSTEES. REPORT FOR THE YEAR ENDED TO 31ST MARCH 2025 Throughoul ihe year we have supported a wide range of events and activities for young carers. In all, we've provided 725 places for young carer events and activilies during 2024125. broken down as follows: Quarter Activity Age Range Attendees Wizard ol Oz 11-14 25 Escape Rooms & lunch 14-17 18 Roves Farm 5-11 25 4 Kingdoms Advenlure Park 5-11 28 High Score Arcade & lunch 11-14 25 Cinema & Nandos 14-17 21 YC Festival 15-17 22 Drayton Manor 11-14 20 Aladdin- Bristol Hippodrome 9-11 28 Watersports 14-17 17 4 Kingdom Adventure Park 5-11 25 Clnema & hot snacks 5-11 Londtsn Tourist Trip 14-17 19 Bristolzoo Project 5-11 25 Drayton Manor 11-14 17 Cinema & hot snacks 14-17 21 4 Kingdom Adventure Park 5-11 21 Swindon Paintball 11-14 30 Freedog Ninja Cour & clip and climb 5-11 23 Ninja Warrior Gloucester & lunch 11-14 20 Halloween party Iprivate hire & foodl 5-10 46 Thorpe Park Fright Night 15-17 24 Ice SkatinE and Lunch 11-14 23 Paniomine 5-10 43 Cinema and snacks 11-17 45 Iceskating 15-17 21 Ten Pin Bowling & food Freedog 11-14 24 5-11 47 As in previous years we have supported individual applications from many young carers to allow them to enjoy mainstream activities such as gymnastics as well as providing individually beneficial items.
FRIENDS OF YOUNG CARERS (SWINDON) TRUSTEES, REPORT FOR THE YEAR ENDED TO 31ST MARCH 2025 Public Benefit The objects of the charity are to promote any charitable purpose, for the benefit of the whole community, including the adwancement of education. the proteclion of health and the relief of poverty, sicknes5 and distress through the provision of support for young carers without reference to their personal backgrounds or circumstances. Reserves Polic The truslees agreed the charity's reserves at £90,000 as their commitment to Swindon Carers has increased. The charity aiins lo provide £65,000 each year towards the Annual Actlvity Plan and £4,000 each year for individual applications. As the charity's monetary holdings are fluid throughout the year, it's difficult to see the specific reserves position at any poinl in lime. Because of this we have set a guide measure of having £IOO.000 in the accounl at the end of each calendar year. The trustees will conlinue to review the reserve policy annually in the light of changes to income streams. Investmeni Polic The charity's excess funds are retained in interest-bearing accounts with Flagstone. Flagstone provides a platform where the charity can split and hold funds in accounts with different financial houses. This flexibility allows the charity to deposit different sums with different providers to obtain better overall interest returns whilst not taking on financial risks. Plans for Future Periods The trustees intend to increase focus on developing additional sources of funding as the charity's links with its main grant donors have fallen away, ensuring that the charity's Standard of service is maintained at a level satisfactory for both the charity's beneficiaries and its donors, requirements. Our resolve to meet the Challenge of this funding while maint2ining adequate reserves is as strong as ever in our future plan Chairman Statement I would like to thank my fellow trustees and our friends and supporters for another successful year. We have continued to fmance the Swindon Carer Centre's Annual Activity Plan and individual applications. Our balance sheet underpinned by our sound financial policies means that we can continue helping young carers. At a time of challenges, change and uncertainty, our financial stability means that we can be a constant in helping to improve the plight of young carers. We hav¢ continued to achieve in difficult times and will continue to do so because we recognise the value in achieving our objectives to all our stakeholders. Onc¢ again, thank you to all those that support us. On Behalf of the Trustees nth te ns ry 2026
FRIENDS OF YOUNG CARERS (SWINDON) INDEPENDENT EXAMINER'S REPORT To the trustees of Friends of Young Carers (Swindon). Res ective res onsibililies of Truslees and Exaininer The trustees responsibilities for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and Uiiiled Kingdom Accounting Standards (United Kingdom Generally Accepted Accounling Practice) are sel out in the Statement of Trustees, Responsibilities. You consider tliat the audit requireinent of Section 43{2) Charities Act 2011 (the 201 l Acl) does not apply and that an independent exainination is needed. It is Iny respoiisibility lo: exainine the financial statements (under Section 145 of the 2011 Act). lo follow the procedures laid down in the General Directions given by the Charity Commission (under under section 14 (5)(b) of the 201 l Act); and to state whether particular matters have come to my attention. Basis of Inde endent Examiner's Re ort My examination was carried out in accordance with the General Directions given by the Charity CoTnmissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the financial stalements presented with those records. It also include5 consideration of any unusual items or disclosures in the financial statements, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently. I do not express an audit opinion on the view given by the financial stal¢ments. Inde endent Examiner's Statement In connection with my examination, no rnatteT has come to my attention: { l ) which gives me reasonable cduse to believe that. in any material respect, the requirements: to keep accounting records in accordance with Section 41 of the 201 l Act. and to prepare financial stalements which accord with the accounting records and to comply with the aceounting requiremeThts of the 201 l Act have not been met. or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. c.vy Christopher Vaughan F.C.A. Chris VaU)an . 195 Emiin Street Stratton St Margaret Swindon SN3 4NA 15 January 2026
FRIENDS OF YOUNG CARERS (SWINDON) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 Nole 2024 General Funds Total Incoinin Inconiin Resources Resources froin GeT)crated Fund8 Voluntary Incoine.. Donations Gift Aid Grants Activitie5 for Generating Funds: Annual Ball Income Lottery ITicoine Inveslinenl Income 20179 10297 11979 24586 11854 32506 8252 3349 31221 7206 3659 Total Incoming Resources £86562 £78526 Resources Ex ended Costs of Generalin Funds Costs of Generating Voluntary Income Costs of Activities for Generating Funds Carers Su Govemance Costs 19021 67983 300 17144 54500 300 ort Total Resources Expended £87305 £71944 Nei Incomin Resources before Transfers Transfers between Funds -743 6582 -743 127222 6582 120640 Fund Balances Brought Forward Fund Balances Carried Forward
FRIENDS OF YOUNG CARERS {SWINDON) BALANCE SHEET AS AT 31ST MARCH 2025 Note 2024 CURRENT ASSETS Cash at Bank and in Hand £126799 £127522 CREDITORS.. Amounts fallin due within one ear £300 £300 NET CURRENT ASSETS 126479 127222 TOTAL ASSETS LESS CURRENT LIABILITIES £127222 RESERVES Unrestricted Funds 126479 127222 £1 £127222 Approved by the Board on 15 January 2026 For and on behalf of the Trustees. NS Trustees HAN
FRIENDS OF YOUNG CARERS (SWINDON) NOTES TO THE FINANCIAL STATEMENTS I. ACCOUNTING POLICIES a) Basis of Accounting The financial 5tatemcnts of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Slateinent of Recoininended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of. Ireland, and th¢ Companies Act 2006. The financial slaleinents have been prepared under Ihe historical cost convention. b) Voluntary Incoine Voluntary incoiiie is received by way of dnnations and grants and is included in full in the income and expenditure account wheii received. c) Donations in Kind The cliarity is fortuiiate in Ihe level of support it receives froin its volunle¢rs. Without this voluntary support. considerable expense would be incurrcd. It is not thought meaningful or practicable to put a Inonetary value on Ihe support bul the coininiltee is grateful to those who provide it. d) Grants Grants receivable and payable are included in the financial statements when received or paid. Where grants are received or Inade for a defined period any amounts relating to a period extending beyond the charity's accounting date are deferred. e) Restricted and Unre5tricled Funds The financial staleit)ents distinguish between restricted and unrestricted funds. The fornier are received from donors and are subject to restrictions on the purposes for which they may be used. Unrestricted funds are those where there are no extemally imposed restrictions. They include those freely available to the charity for expenditure or appropriation to reserves for internally designated purposes. D Resources Expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.. Costs of generating funds comprise the c051s associated with attracting voluntary income. Charitable expenditure comprises those cosls incurred by the charity in the delivery of its activilies and service5 for it5 beneficiaries. It includes both costs thal can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Govemance costs include those costs associated with meeting the constitutional arkd statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas. per capita or estimated usage as set out in Note 3.
FRIENDS OF YOUNG CARERS (SWINDON) NOTES TO THE FINANCIAL STATEMENTS 2. fNCOMING RESOURCES 2024 Incomin Resources froin Generated Funds Voluntary Income.. Gifts and Donalions Gift Aid Granls 20179 10297 11979 £42455 24586 11854 £3fv140 Activities for Generating Funds.. Ball Tickets Lottery Income Investment Income 32506 8252 3349 £44107 31221 7206 3659 £42086 Total Incoming Resources 65 3. RESOURCES EXPENDED Basis of Investment Generating Carers Allocation Income Funds Lort Governance 2024 Total Total Costs directl allocated to activities Carers Support Direct £19021 £67983 £71644 Governance Costs Professional Fees Direct £300 £300 £300 Total Resources Expended £19021 £6798 £2QQ £71944 £71944 2024 4. COSTS OF ACTIVITIES FOR GENERATtNG FUNDS Annual Ball Lottery Winnings Other Costs 14032 4353 637 10771 4175 2197 £1714 £19
FRIENDS OF YOUNG CARERS (SWINDO NOTES TO THE FINANCIAL STATEMENTS 2024 5. CREDJTORS: ATnount5 fallin Accruals due within one ear £ 6. ANALYSIS OF ASSETS BETWEEN FUNDS Unrestricted Funds Current Assets 126779 Current Liabilities (300) Total Net Assets at 3 1st March 2025 £12 7. STAFF COSTS The charity does not employ any staff but incur5 expenditure in connection with a Support Worker supplied by Swindon Carers Centre. No employee was in receipt of remuneration in excess of £60000 during the year. During the year, no remuneration nor expenses were paid to trustees of the charity. 8. CONTROL The charity is controlled by its trustees who are named on page l. No individual exercises overall control.