Ootyjgiw EYNdope It).. 7BEF1W3CftW37-eECW1¢]DeB4113A Registered number: 04712756 Charlty number. 1097723 CARERS NETWORK WESTMINSTER IA company lirnited by guardnteel TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDÉD 31 hlARCH 2024 IIIIIIIThIIN 'ADTA04YR" I￿7212￿24 C(￿PANIEs K)USE CARERS NEIWORK WESTMINSTER (A company limited by guaranteo) CONTENTS Page Reference and adM￿￿tr￿"Ve detaiL8 Report of the Bo¥d d Trustees Independent A￿￿110￿, Report 10-12 ststernenl of Fin￿¢¢01 Activitses 13 Balance sheet 14 Statemenl of Cash Flo*% 15 *Jtes to the Finan¢ial Statements 1&26 CARERS NETWORK WESTMINSTER (A company Ilmtted by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024 The Boanl of Trustees Jennrfer Nel (Chair and Treasurer) Elizatth Adair {res%Jned 7 March 2024) Chartes Adeniran Punam Birty (￿￿jned 1 June 20231 S¥Jbhan LhJfy (apwinted 21 November 2023) Irestqned 2 December 20241 Findlay (appointed 31 July 20231 (resigned 28 November 2024} U'Hla Htay {respJned 7 March 20241 Mary Larf(in 14)winted 21 November 20231 {resoned 28 November 20241 Dav#1 L￿15 (appointed 21 Novwnb8r 20231 {resuned 1 Decemb8r 20241 Lirsda McHugh {resvJned 7 March 20241 Genev*ve Peattse {appointed 31 Juty 20231 Nadia Ta￿or Theresa Thtsras (apP￿ted 21 November 2023} Company Secretary De¥dre Gjss Chief Executiv• Officer ian Jon8S Registered Offic• Third A¥enue, London W10 4JL Independent Auditorn Ward Williams Bdgrave House 3943 Monument Hill. We￿ridge Sufw Iff13 8RN Bankws Unty Tnts¢ Bank Pk Natiomvide 8(tdding S¢xiety Four Brindleyplace Nationwide House Bimiingharn Pipers Way B12JB Swndon SN38 1 NW Akknrn￿ Bank PLC RedM)od Bank kn"mrted 111 Fkjor. Bkck B The Nexu$ 8uikJing Broaokny Letchwrrth Garden Crty Hertfonlshire SG6 3TA Lynch Wood Petertorough PE2 6FZ Ck>se Brothers Gmp plc 10 Cr¢)vm PE . Lonthjn EC2A 4Fr Company number 04712756 Charity number 1097723 Robinson Wilson Solicito Selbourne House 3&4 Ehjin Avenue. London W9 3PR Page 1 Dor￿$￿j￿ ErNql¢pe10.. 7BEF1CA>3DFfHF37-BEcetEA11M>88411 CARERS NETWORK WESTMINSTER (A company limitsd by guarantee) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 IAARCH 2024 The Trustees present their annual report together wth the audrted financial statem8nts for the year ended 31 March 2024. Comparative fuures are those for Ihe Jear ended 31 March 2023. Introduction from the CIMir As we refflect on 2023-2024. Caref5 Nets4KI￿ has continued its mis5w)n to support arKI eMp(p￿ereare￿ wrthin the crynmunty amidsl e￿Iving chaI￿nge5. Folhjwiru the pressures of recent years. our commrtment lo making tangible diffeftnce in Carers, li￿ has remaÉned steadfast. l am Hmmensely proud ol our dedicated team, whose resilience and determinatK)n have all¢yhEd us to delrler consistent. hsh-qualty servr*s to carers. despts ongoing economic and s￿181 pressures. This year, Carer5 Network Corn￿eted 1.028 Carers Assessments. markirYJ a steady presence in luffilling our cGYe responsibilities across th8 Cty of Westminster. the Royal Borough of Kensington & Chelsea. and the London e4)rough of Hammersmith & Fulham. Cunpared to the prewus yearfs 1,123 assessments, thi5 refiects slight decrease, which May underscore broader 5rt*ts1 on seThKe engagement. Yel. our rgach and impact continue to grow. ￿th a t￿al of 5,620 carers aCce￿ng our Serv￿ this year, a viial 5.4% increase from last year. Our Infomalion. AdvrrE. and Guidan￿ (IAG) team kndled 1.647 service querie5, providing vasential support to ¢arer5 nawgating their roles. One of the most sNJnfftant ind￿t0￿ of our wnpa(l 15 the financial grants for carers, whKh totalled £450,065 for the Ferio￿n impressive increase of 4.2% from kst yearfs £432.Crf13. Thts finan¢i81 support rep￿sents a comer51one of our sefyi¢es. ensuring that carers are not onty re¢ognL%ed but also emFrfAvered with resourees that alleviate some of the financial strain a￿lated with caregr4ing. A￿tHF374Ec￿1l￿I1j CARERS NETWOIIK WESTMINSTER IA ¢¢)fflpany lirnited by guarantee) TRUSTEE'S RÈPORT lcontinuedl FOR THE YEAR ENDED 31 MARCH 2024 Obiectives and Activilies Purpose Carets Nets¥ork prNdes charrtable services. inthding referral to organoth.ons th* can facilitate access lo financial $UPForL to unpaid carers in the Crty of Westrninster. the London Borough of Hammersmith and Fulham and the Royal Borough of Kensington and Chelsea. Through the provision of admce, SUPFrfJrt. training. and other assBtsnce to unpahtt carern, support 1$ provided to those in their care. 5LKh as the eklerly, persons suffering from mental illnes5 or karning or physical disabililie5, or person5 receiving palliative ￿. Carers Nets¥ork reaches out to communitw that may be unaware that support is available to Unpa￿ carers an(1 more broadly to advar￿e the education of the general pubk and other irrtere5ted parties in all matteTr relating lo caring for those at home and the robe of unpaid carers. Mission. Wffjion and Aim5 Carets Nety￿rk mission is svpwirtiro unpaid and eftha￿ln9 their li￿ across London. Our vision is that every unpaid carer 15 recognEed and leads a heamhy. fuffilling lrfe wrth ￿traI over their caring robe. Public Benefft The prifflary publ￿ benefft ot Carets Netr**)rk is to support ufipa￿ carets in the Crty ofwestminster, The Londo Borough ol Hammersmith and Fulharn and The Royal Borough ol Kenwngton and Chelsea. The wider public tenefft to society fr￿ supporting unpaid carers considerable as many carers experience poor mental and physical health and often haNE to gNe up patd work lo care for faM￿Y and fr￿nds. S•Nlces Carers Nelwork suFpJts unpaKI c¥ers by Frfo¥#Ying the foll￿ servw.. 1. Inforn8lK)n and Aoknce Carers NefvIo￿ has an experienced and ccxnmittejj tewn prO￿e an empathetic, expert, and ¢￿￿p￿tten$￿e Infom)atson. AdvKe and Guidance Te￿thfie Helpline from 9ar to 5pm Monday lo FrNJay. The team also facilitate and deliver in-person sessions and online dnjp-in sessions. in a variety of conNnunity settings, endeavouring lo reach geographtslty wtde across the kral authoriti'es W￿ serye, as well as responding to ernail enquiries. The team advtse ¢ar8rs on their ryM5, including in the worf(plaee; sources of practi¢al, emOti￿al, and financial support. including applytng for discret¥Jrary grants., the ¢)ffer of a statutory Carers Assessrnent.. and referraL8 and sgnF4)sting to relevant services. induding specialist ad¥￿e agenC￿s. Carefs receive infonrRth)n thnjugh a ¥fftkly trnwoletter. our websrte and through o¢Jr sccial media channels. Using Instagram. Facebook. X (formedy Twtter) and LJ"nkedln, the main fo(YJS L% to raise awareness of unpaid carers and the work of ca￿TS Nehvork. InfomatThe contert is posted about caring and unpaid carer5 and in the past year our interacbons haNt grovm by neaty 1th across all thanneLs. Carers Nelth seeks to emFo1￿r carers in decas#)n-m*ing * every stsge of their caring role by equippiThJ them with relevant kn¢y*Aedge on th*r rvJhts. In 2023r24 Carets Network re$￿ftded to 1455 enquines. Page 3 ErYAope10.. 78EF1W20FL14F37-BECW11YJ88411S CARERS NETWORK WESTMINSTER (A company limited by guarantee) TRUSTEE'S REPORT Icontinuedl FOR THE YEAR ENOED 31 MARCH 2024 2. care￿ A Since the implementatK>n of the Care Ad in 2015. Net￿￿￿1 ha5 had delegated authority to ccmplete statuW Cartrs Assessments on behalFofourthree kxal autlKWrties. O(tr ded￿ed and skilled team tske time to listen to ￿rers, whtch enables them to woduce an in4epth assessmentof their needs.. and develop a support plan with each carer and, where e4￿ible, support an appl￿ for a carerfs personal budget. In 2023124 the learns undertook 1028 earers assessments, a drop of 8.4% from kst year. The total fina￿la1 gain forcarers from carers personal budgets across the thfee I(￿1 authorit*s vras £450.¢￿5. alande onal su Carer5 Network provKles pract￿al support through liai¥on wth health and SOCHI care professw)n*$ arKI partner voluntsry organisaljons. EmotK)nal support is offered through ￿lfare calls, our counselling servtce and online support groups fof ¢8￿r$ who care for pecple wth Speci￿ c¢ndthons I￿arning dthcurtJe$, dementia, and mentsl health conditions). Carers Net¥4YJrk also provides an extensive p￿r￿MMe of training and development for carers. which enables thern lo their ro￿ safety and confKl8ntly. This indudes a rolling monthly series of. online mental health and vAlbeing vnrkshops. plus 5essKJns Suth as on first aNJ. oral hygiene, will Wfshng, lastr'ng power of attorney, reducing enefgy bills. Cancer $CTeening. dements and strokes. The training and development programme has been dIve￿￿e￿, vrth a greatervariety of sessions now available for carers tojoin. for whth we are receiving very Fosth"ve carEr feedback. 4. Small ryJonal rdnts Carers Nety￿rk supports carws in applying for Srna￿ personal grants from a range of small local and nation81 trusts and foundations. as as from ca￿r$ Trust. to meet a var*ty of needs including shert breaks and equipmenL 5. Advoc Carers Network seeks lo wffluence servv provfjK)n forthe benefft of¢xers by engaging with prov#lers of swial care, heahh, adv￿, and other servKes *ryth the aim to ffnprove supp)rt for carers and the pecple they ¢2re for. 6. Carn ￿￿￿t Carers tsu'lilates Carers, Fonxns in the Lond¢￿ bor¢)ughs of Westrninster, Hammer5mith and Fulham" and Kensington and Chelsea where carers can find out aboLrt and influenee Ioc81 seNice delivery. These events are a Tecognised mechanism for provider5 and c￿nMIsS*)ners to consutt wthh carers. 7. S(tolE mént In the period April 2023 to March 2024 we engaged with the MmMUn￿Y across all the London boroughs we. support. running in-pefSOll acbv1l￿S arml events. We continua to a150 offer online opportunities %thich have proved wpular as they take up ￿s$ ts'me for carers and do not require travel. We ran 166 online actiwl¢es. including, cre*i¥e vfflttng, mindfulness and yoga and 38 on4ine training sessions. We provthd 12 Carers forums. During the ￿TVad we had 46 ca￿T coffee mornings. We continue to run a successful male carers s￿1#1 gr(yJp that meets online once a month and recentty wRnt on a group tour of Fulham FC. For Carers Week we had a busy prcgramme of in*erson events and activiks for carers, induding tours and tn.ps to The Houses of Parfiamenl Che&ea Phys¢ Garden. Kew Gardens. ChiswKk House, St Paul's C*hedral, and Bush Theatre. We also hal a ￿CePtKin hosted for us by The Lord IAayor ofweslminsler at WeslmNisterCity Hall. On Carers Rights Cky we had a comprehensive day of vKrkshops and trwning sessions. Page 4 t￿n Ermfope ID". 7BEF1CA>20Ftb4F37-8EC&EA113D884113A CARERS NETWORK WESTMINSTER (A company Ilmlted by guarantee) TRUSTEE'S REPORT l¢¢yrtinued) FOR THE YEAR ENDED 31 MARCH 2024 ment linued 16 carers partKipaled in a 6-morth c¢Jmmunty partnetship scheme pftJi&t with the Bush Theatre in London W12 in whth they have been working with a crealive profesS￿)nal to create their show together, called 'The Illusion", culminatirvJ on a p*fofmance opened to the publK. The leedback and impact that this project had on carers has been incredibly FQSrtive. Thg year saw the launch of a weekty gurtar class th* bwng run by a bcal unpaid carer who has secured a space for the sessions at the Part￿ew Centre for Heallh and Welljeing W12. The group is now well established wrth Ca￿T5 regularfy attending the classes. The carer that used to teach the weekty art dass has $t*d fv114ine employrwt, but the class ha& continuejj as a self-hdp group that gets together every Monday in WI0 at etherThe Jubilee Communty Leisure Centre W10 ￿ the Beetho¥pn Centre W10. The carers exhibrted their work at a nwnber of recenl cargr events. A bw thank you to all our staff. volurrteets and all partner organisations. in￿dIng Inturt. Chelsea Physic Gar(len, EnglBh Natitxal Opera. The Nat￿)nal Gallery, Portobello Fitness. Mkke's Table. Kew Gardens, The Wallace Cdlection, The Royal Colletaion Tr￿1, Chiswid( ￿uSe Museum of Brands and Queen's Park. Rangers FC. Achievements and PerfornMnc• In 2023124 Caref5 Network major achievements vRre as folk]v￿. We TrAQ(ked with 2697 carer5. a 2% increase from year {22r23.' 26461. We Mlenlffied 470 new ca￿r$, a 24% deuease Lqst year122r23.' 618}. Supported 186 carers through the End of Life Prqect {22r23.' 174 carers). arKI f¥ilrtate(l on-line workshopsAalks. including'.- Raising awareness ofthe seThKes pro¥*Jed by the Roydl Trinrty H¢xpice What v& a Lasts"ng Prmer of Attorney delNered by HaMMe￿rnrth & Fulham C*izens Adv￿8 h busting and ptannir*J sessk)n around fvnerals frcm pOpp￿S FLEnerals Advre and inf0M￿￿)n on fijneral ccsts del￿tred bythe Ekn4m to Earth Project at Quakor Social Plaking a Will deli¥v&J by Hamff*rsmith & Fulhar CitFzens Advice In Ihe third year of our Carers Ftxtnd project to idenbfy and connect with ￿e[S not currenlly accessing support. we engaged vrilh a number of charrt*s. BAME organoations. communty centres. LG8TQ+ orgonvzats.ons and housing a$80¢iatK>ns and held a number of workshops. Organvzed 166 on4ine actNities and 38 on4ine training sesskjns. On S￿la[ media our rI￿$t SLKcessful page is Inslagram, t*here our content interact¥￿S Increased by 100%, c￿r folkjwing by 22% and our engagement by 4%." Facebook is our second best perfomiing page. where our content inleracts.ons increased by 92%. our folb)wing by l￿A, and our engagement by 6%. The Bil￿BOX Lending Library has continued for a second year, wthich provkles a free ￿ndIng library of adivrty prcduds designed to hdp fAred-krf pe￿OnS li¥iThJ wrth dernentia, recovering from a stroke or heart attack or liwng wrth autism or a leaming di&*"lrty. To d*e. 130 carers have signed up to bom)w product5 and there have been 210 product k)ans. Page 5 D0v￿gn Erwelope10.. 7BEF1CAMDFD4F37-8EC&EA10008411 CARERS NETWORK WESThIINSTER IA company limited by guarantee) TRUSTEE'S REPORT Icontlnued} FOR THE YEAR ENDED 31 MARCH 2024 Fundralsing Carers Netth has again worked hard thi5 JEar to p￿￿re funding for e￿5ti.ng proie¢ts to aid our mission of ¥upporting unpamj carer5 in Lonth)n. We a￿ delighted that our End of Lrfe Pr¢yect eontinues to be fulty funded by The Henry Smrth Chafrty and The National Lottery Communty Fund (Reaching Communitw Fund). fvnding has enabled us to expand and offer the service until 2025. ca￿rS Nthork is Very pleased th* Carers Found, a m¥r proiecl commenced in 2020 hos now been extended fcr a fcurth year. Carer5 Found, is des•Jned to engage with people who are caring for farnity and friends but do not identsfy theMSe￿eS as care￿. and therefore are rKJt aware of the supp)rt available to Ihern. Our sincere thanks go to Cty Brpyge Trust for three years c* fvnding and the Garf￿k1 Weston Foundation for supporting the project in ils first >*ar. Further funding from The va￿scO Group has enabled us lo conlinue to deliverour BizzyBox proje¢1 whith helps cared-for persons living with dementia, recovering from a strcthe or heart altack or living y￿h aultsm or a learning disabilty. In 2023R024 we have teen honoured to have been chosen as one ofThe Lord Mayor ofwestrninster Councillor Patn"cia McAllislels rtominatejj charrt*s. Sofar, fvtMlraisng through her ¢￿paIgn has raised over £11,000. This includes nearfy £4,C#JO rawd by runner5 wllo ran the London Marathon in suppyt ol Cllr. McAllisterfs campaign for Carefs Ne￿rk. We would also like to thank all the tsmily trusts and indNKlual donors who have supwrted ca￿r$ Ne￿Ik throughout the year induding the team of nJnners who gene￿u$1Y gave up their b.me to participate in the Royal P8(ks Haw Marathon in Octobef 2023. We are reCrU￿n9 our team of runners for the 2024 race, and have 6 Tunner5 from our Ctyp￿￿e partner The Va￿0 Group. vtho will be joined by a lec81 unpaid carer vtho fan in 2023 and found that the opportunty wnproved their physKal and mental wellbeing and increased their confiden￿. Carer5 have aL%o beneffted from generrAJs gffts in kind. and through the English National Opera's Community Scheme 150 cafers enjoyed pertoThnances of Blue. La Tra￿ats, The Handmaid's Ta￿, The Barber of Sevdle and The Magic Flute. Volunteering Carer5 Ne￿￿,$ volunteers supwrt the organisation of quarterfy Carers Forums in eath borough," befriending. and delivering exercise groups and aCtNit￿S for carers, and abo help run some of the ¢arer coffee mornings. A team ￿ Volunteers has continued deli￿ring online. tewone and in-person actswty groups. These have included mindfulness. Zumba. Sky* Fkjw Yoga. and Creative Wrrting sessions. Carets have 8pprecoted the ehoiee of how to enga9e th the groups. Volunteers gr￿￿Y benefrt frcm running groups because rt gives them the opportunrty to *Drk as part of a team. develop their skills, make friends and improve their confidence. as well as the obwous teneffts to Ca￿rs. Feedbad( from volunteers tells us h¢)w enjoyaue and re4¥4rding they find it. Page 6 DOc￿van EnNe￿pe ID.. 78EF1C*&XJFD4F37-ÈEC&EA10DBB4113A CARERS frETWORK WESTMINSTER IA company limited by guarantee) TRUSTEE'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Future plans Carers Nelth's major fc*)Js is to hlentfy and conned ￿1th I￿re across our three Lc*thn boroughs. so they know what advice and ser¥￿eS are available to them to support them in their Caring role. Many people looking after parthers, famity members, frT"ends and neighbours do not seg themselves as carers. Over the nexl year, we are excited to be working our Lc¢al Authority partners lo co-pr¢)duce a strategy for carers. Our own strategy will also be refreshed to under￿￿ those of ¢JJr partnern and the carers that we support. Equal opp)rtunities Carers Nehmork supports ca￿￿ from all ages arml ethn￿ b&*grounds. ￿lleCtIng the Incred￿lY rth diversty of the eommunitie$ in central Le￿dOn'. 72 Fer cent of our carer3 are women. and 28 per cent male," we support aref¥ in their through to their nineties.. we support carers whose families came to London from Ireland,.. the Caribbean islands., north. central and southern Afriea.. China," the Middle EasL India, Bangladesh and Pakistan., and central and eastern Europe. We are proud of having a skilled. empathetic. and experienced tearn of 19 stsff (15 FfE}, whose ￿e$ range from 23 to 69 and come from a variety of backgrounds including Black . Caribbean, BW African. Britv&h Asian. White 8ftsh and Vlhite European. Languages sp)ken by our stsff inchjde Spantsh. Portuguese, Polish, Russian. arml Italian. Financial posilion In 2023124 Carers Net*n)rk had a total income of £795.099 {22r23". £848.6881, totsl expendibjre of £757,887 {22r23.. £809,40618nd a {eSu￿'n9 net surplus of £37,212 (22r23.. £39,280). Of the total expenditure, £703,359 122r23." £760,406) was spent on carers support and events, £44,578122r23.' £36,967) on governance and £9,95Q 122123." £12,033} was SFent on raising fvnds. On 31 March 2024 Carws Ne*Aort had total fvnds carried forward of £676.092 {22r23. £638,880). of £108.097 (22r23.' £129.107) was restncted and £567,995 12J23'. £509.7331 was unrestrKled. PTin¢ipal sources of funds Cafefs Nets¥￿k major sources of funding we ¢JJr hxal authority contracts to deliver carers hub info￿811)n. advice and guidance, support seTVUS and statutory Care¢s AssesThrts and Carerfs Personal Budget applications. We have contracts with Cty of Weslmin5ter Council, the Lon&)n Bofough of Hamrnersmf(h and Fulham and the Royal 8orough of Kensington and Chelsea. Ourother major sources of funding are The N*ional Lattery Cornfflunrty Fund. The Henry Smith Charity. and Crty BThlge TnJsL Res•r¥￿ policy Carern Nets¥ork pojrcy is to mainlain SUI￿nt reser￿ to enabk normal swerab.ng activitw to continue over a. period of up to six months. On 31 March 2024 Carers Nefvth held free reserves of £567,995122ll3'. £509,733) whKh rneets the requirement of the policy. In developing the rese￿e$ policy, twstees have con5Klered the importance of ensuring essential seThrces are maintsined rf funding streams are reduced and the risks of being dependent on 8 small number of fvnding stre￿. Trustees do ncl want to hokl surplus fvnds unnecessarity and the polty 1$ reviewed on a periodt basis. Going concwn GNen Carers Netsth's le¥el offree reserbEs avalable * the ywend, the trustees conskler thatthe charity has sufficient resources to continue to deliver servtts to carers for the foreseeable fubjre. Carers Netsvork's contracts WTth our I￿al auth¢m funder5 are due to be ￿ertde￿d in the 2024r25 financial year. While this presents a degree offfinanaal uncertainty. the financral ststements have been prepared on a going u)ncern basis as the chartty has effert￿ delivered all three contracts and w¢Jks dosety in collaboration with our partners. Page 7 Dootsiw En￿￿Fel0.. 7WlCA>￿jFfw3?-BÉc&EA10C￿11lI CARERS NETWORK WESTMINSTER (A company limited by guarantee) TRUSTEE'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Rlsk Managernent The Carer¥ Nettth's Board a Finance & Risk su1xu￿Mthe whKh is Cbaired by Jennifer Nel, Treasurer. The committee usualty Meets quarterty and regulaty rewehs the chartys Risk Register. E￿h identffied r￿k ts assessed. and action laken lo manage. mitigate or remove the risk. Strndure, Governance and Management Conslitutlon Carers Network Weslminster i¥ a regi*ered cliarity. It VAS I0￿ded in 1991 and was first re9iStered as a charity in 1996. The current charity registered on 29 May 2003 follwng constituti1￿ as a company limrted by guarydntee lincorporaled on 26 Marctt 2003). The charity is governed by Artths of Asscciatth. As per the Companies Act 2006 the temis from the Memorandum of AssocBIKJn We￿ ama￿aMated into the ArtKks of A$S￿rati￿ tn November 2018. Carers Network Weskninster r•erates under the n*ne Carers NetrM)th. Appointment of T￿￿teeS Thè minimurn number of trustees i% four and the m8￿muM 1$ fifteen. Trustees are elected by the membership at the Annual General Meeting and serve for a three-year term. Pros￿l￿e new trustees are int8rviewed by a panel of existing tnjstees. In selecling a pewn to be aFvoinled as a tnjstee. the panel considers how their pL8ce of residence, oc¢upation. kn¢w* of the care sector, arhj petsonal or prOfeSs￿n81 qualrficaions may. contribute to delrvering against the chantvs objeds. Inductlon and Training of TnJste•s New Iruslees are provwjed witti an in¢Juct*Jn to Carers Net￿)rk. indudes the Arttcles of AsSccial￿n. current str*egic plan, organisational stnJctur8. annual budgeL and latesi audited accounts. They also receNe details of their cèlKJath)ns under charity law. Trustees can access training through swialisl trustee organizations and the local ￿￿ntary sector irrfrastrueture organizatwjns One Westsninster. Kens￿9ton, Chelsea Social Cwnal and SOBUS in Hammersmith and Fulh•m. Related Parties Carers Nthork has no relaled party transa(XpJns to dBclose. Kler Network Carers Netsvork is a member organts*Dn of Carefs Trust tsers UK and the Living Wage Found8ti0n. P￿e8 DocLBvJn ErNoh7Fe10". 78EF1CAWOFD4F37-BÉC&EAIOD88¢111A CARERS NETWORK WESTMINSTER (A company Ilmited by guarantee) STATEhlENT OF TRUSTEE'S RESPONSIBIUTIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees. who are also directo￿ d Carer5 NeI￿)[k Weslminster for the purposes of company law, are responsible for preparing the Tru5tees'Annual Report and the financial statements in aecordance %wth applicable law and Unrted Kingdorn Accounting Standards (Unrted Kingdom Generally Accept&J Accounting Practice}. Company requires the Trustees to Prepa￿ financial ststements for exh financial year. wtt￿h give a true and fair view of the state of affairs of Carern Nemrrk Weslminster and of the incoming resujrces and appli￿￿'0n of resources. including the income and expenditure, of ca￿[$ Net*th Westsniister fLY the period. In preparing these financial statements, the Trustees are required to: Selecl surtable accounting Fdicts and then appty them consistenttr.. Observe the metPths and prinaptes in Ihe Chantss SORP 2019 IFRS 1021.. Make judgements and aCc￿nI]ng estimates that are ￿sonab￿ and prudent St*e whether applicab￿ UK Accounting Standards have been followed, subject to any matertal departures disckised and eypkined in the ffin8nc411 ststeTnents", and p￿Pare the financK81 statements on the going concern b8sk% unless it ts inappropnate to P￿sLIme Ihat ca￿r5 Nets¥ork Westhinstef ￿11 continue in operatson. The Trustees are responsible for keepiTr3 ad&]uate acccmjnting rec4xds that disclose with reasonable accuracy * any time the financral positKJn of Carers Netwo￿ Westrninsler and enab￿ thefn to ensure that the financial slalements comply wrth the Compan*s Act 2006. They are a150 respon>ble for safeguarding the assets of Carers Ne￿￿rkw@StrnInSter and hence fortaking reasonable Steps forthe prevention and detection offraud arKI other irregularitEs. In so far as the Trustees are a￿are.. There is no relevant audit infmakn ofwhich the Cafers Nehth Westsminster audrtor L8 unaware". and TAe Trustees has taken ail the steps that Ought lo ljave been taken lo make thernsefves aware ol any rekvant audit infonn*K)n and lo eslablrth that the au(knr i% aware of th* Info￿￿)n. The Trustee5 are resp￿sIb￿ for the ffl￿ntenance and integrrty of the Corp￿ate and financial informat¥Jn induded on the Carers NelvKJrk Westrninslerwebsite. Legislal>Jn in the United Kingdom goveming the preparation and disseMu*t￿fj of fmanaal statements may fr(¥n legtslation in otherjurisdictions. Audltor Ward Williams We￿ appointed as audrtor lo Carers Netsth Westrninster during 2024 and a resolutKin proposing that they be re-appointed will be put foThrdrd * the next Annual General Ileeting. This repjrt was approved by the B03rd of Trustees and sNJn&J cffi their tehaff by.. Jennifer Nel Chair and Treasurer Date." 16 Decemter 2024 Registered Office: . Office 8, Beethoven Cgntre. Third AN*nug. London W10 4JL Page 9 Oor&*lw Erwknpe10.. 78EF1CA&30F04F37-8EC&EA10C*è411I4 CARERS NETWORK WESTMINSTER (A company Ilmlted by guarantee) INDÉPENDENT AUDITORS. REFIORT TO THE IAEMBERS OF CARERS NETWORK WESTMINSTER Opinion We have audited the finanaal slatefflents of care￿ Netrw(xk Westrninster for the year ended 31 March 2024 which comprise the S￿ement of Financol AclNths. BaL3nce Sheet. Statement of Cash Fh)ws and notes lo the financial Statements. including a summary of sNJnfficant accounting pxjlicies. The financial reporting framework that ha5 been applred in their preparation appltsble L•¥ and Unrted Kingdom Accounting Standards, including FinancKal Reporting Standard 102 The Financial Rewrb"ng Standard appl￿b￿ in the UK and Republic of Ireland, IUni(ed Kingdom Generally A¢¢epted Accouthg Pr￿1. In our opinion the financial statements.. gve a true and fair view of Ihe state of tr* tharilable c¢xnpan￿s affairs as at 31 Malth 2024 and of its incoming resources and appI￿a￿n of resources for the year then ended.. have been property prepared li accordance with United Kingdom Generalty Accepted A¢￿untIng PractTh'. and have been prepared in accordance Vlith the requiremertts of the Crynpanies Act 20C6. Basis for opinion We conducted our audrt in accordance with Intematvjnal Stsndards on Audth"ng IUKI IISAS (UK)) and applicabb8 law. Our respons￿11￿*1eS underthose Standards are fijrther descrbed in the Audrtorfs responsibilities for the audit of the finanual statements section of our reFtirt We are irKleFendent of the charitable company in accordance with the eth￿1 requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Stsndar(I, and we have fulfilled our other eth￿al responsibl1rt￿ in aw)rdance with these requirements. We believe that the audrt ewdenee we have obtained is Suffic￿nt and appropriate to provide a basis for ow opinion. Conclu$ion$ relating to going concern In audrting the financial ststements. we have conduded that the Trustees. use of the gcin9 concem basis of a￿o￿ntIng in the preparation of the financial sLknents i% appftjpriate. Based on the wcyk we have perf￿rned. we have ncl identifRd any material uncertainties rektiry to events or eondrt￿ns that, Indiv￿ua1ty or ¢ollectNety. may casl signfficant doubt on the ch*itstse companls abilty lo ontinue as a g￿ng concem for a J*ncxl of at kast tsvefve months fn)m *then the finan￿￿ 5taterrnnts are authorised for issue. Our ￿pensIbIlI1￿￿ and the resw&kn'lit*s of the Trustees with respect to gomig concern are described in the relevant sections of thi¥ repryL Other Inforniallon The Trustee$ are responsible for the thher irrfomHtiJn. The other inlonna¢k)n cornprises the infonnatron included in the Annu81 other than the financial statwnents and our Auditofs report thewjn. Our O￿nIOn on the financkal staternents does not cover the other infoTmath)n and. except to the exlent othen¥Be eXPl￿r(lY statsd in our report. we do not exposs any fom of assurdn¢e ￿ndUS1On thereon. In connection with our audit of the financial ststements. our responsi)ilty is lo read the other infornation and. in doing so, consider whether the other infC￿l0tion is materially inconsistent th the fina￿la1 st*ements or our knowledge obtained in the audit Of OtheThvi5e appears lo be materially mi5Staled. If we ￿entrfY such Tnaterial ineonsislencies or apparent material mwt*wnents. are required to detem?ine whether there is a m*erial misstatement in the financial slatements or a matenal misslalement of the other infomation. If. based on the work we have FerfomRd, ¥￿ wicbjde th* there is a materHI misstatement ofthis (rtker informat¢on, we are required to report that fact. We have nothry to rewt in this regard. Page 10 DOc￿ly￿ ErpAope ￿.. 7BEF1CA>3DFt￿F37-BEC&EA11Th￿4ll3A CARERS NETWORK WESTMINSTER (A company limited by guarantse) INDEPENDEKf AUtXTORS' REPORT TO THE MEMBERS OF CARERS NETWORK WESTMINSTER Icontinuedl Matters on whkh we arn required tt) report by exception We have nothing to rewl in respeLI ol the folbwing maters in relabon to whbch the Charities {Accounts and Rewts} Regulations 2Crf)8 wuires us to report to IT. in our ¢)pinpJn: the infonnation 9fftn in the finanual statements irKonsthtt in any material respect with the Trustees report.. or the charitable crxnpany has nol kept adequ*e a￿)unty'n9 records: the financi?1 statements are not in agreement with the acc(yJnling ￿e0r￿ and retumB.' we havg n¢￿ received all the infomiatbjn and explanations we require for c￿r a¥Jdit. Responsibllltle5 of Tr￿tee8 As explained more fvlly in the Trustees. responsibilit￿S staternent sel QLrt on page 9, the Trustees are sponsible for the prepa￿lOn of finanoal statements whth give a tnje and fair view. and for such intemal control the Trustees determine 15 necessary to en8￿ the preparaK>n of financial staternerrts that are free from material misststement. wllether due to fraud or error. In preparing the financial statements, the Trustees are res￿$101e forassessing the charitable eompany's ability to continue as a going wi¢ern. disclosing, as aFpluble. matter5 related to going concern and using the going concem basis of accounting unkss the Trustees either inlend tt) liquidate the Charitable company or lo cease operations. or have no realists altematNe but to do so. Auditors. r•sponsibilities for th• audit of the fina￿la1 statements We have been appointed as audltor under Section 144 of tr* charikn.es Act 2011 and report in aeeordance with regul*ions made under sethn 154 of th* ACL Our oty'ectives are to obtain reasonable assuran￿ about wthetherthe financial statements as a whole are free . from material misstalemenL whether due to fraud or error. and to i￿￿e an audf(o¢s report that includes our cpIn￿n. Reasonable assuran￿ is a high ￿ve1 of assufance. but is not a guar8ntee that an audrt conducted in accordan￿ wrth ISAS {UK) will ahmys deteLI a material mis*tement vthen it extsts. Misst*ements can arse from fraud or error and a￿ c0n$wJe￿d material rf, indi¥rdualty ¢y in the aggregate. they could reasonably be expected to inflUer￿e the economK d￿K)nS of Us￿5 taken on the ba515 of these financial slatements. Irwularities, including fraud. are in$L￿ceS of non3DFtk4F37-8EC&EAIIM)8B4113A CARERS NETWORK WESTMINSTER (A company Ilmlted by guarantee) STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2024 Tolal Funds 2024 Furbds 2024 Funds 2024 Funds 2023 INCOME FROM: Chantable activities Donations and kgacies Inveslments 695,425 13.8S7 12.7S7 765,885 16.457 12.757 825,771 18.612 4,303 TOTAL INCOME 721039 73.060 795.099 848,686 EXPENQITURE ON: Charrtable activitte5 RaBing funds 653.867 94.070 747.937 9.950 797.373 12,033 TOTAL EXPENDITURE 663.817 94,070 757.887 NET INCOMEIIEXPÉNDMJRE) 58222 121,010) 37,212 39,280 Transfers b8knn Funds NET MOVEMEpif IN FUNDS 58222 121.010) 37.212 39.280 T¢)tal lunds brought forward 509.773 129.107 638.880 599,600 TOTAL FUNDS CARRIED FORWARD 108.097 676.092 638,880 The Statement of Financial ActThit*s indudes all gains and k>sses reccgnised in the year. All incoming resources and resources eXPe￿d deri￿ fr(Kn continuing The notes on pages 16 10 26 fomi port of these financral slalaments Page 13 0(￿5￿Jn ErNdcpe ID.. 78EF1W30FtHF37-8EC&EA1008841114 CARERS NETWORK WESTMINSTER IA company limited by guarantee) BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 FIXED ASSETS Tangible assets 10 13.985 10.539 CURRENT ASSErs Debtors Cash at bank and in hand 11 16.869 679.261 31,981 608,543 696.130 640,524 CREDITORS: am¢)unts falling due within one year 12 (¥023) (12.1831 NEf CURRENT ASs￿s 662.107 628.341 TOTAL ASSETS LESS CURREpif UABIUTIES 676.092 638.880 CHARITY FUNDS Restricted funds Unrestricted fvnds 15 15.16 108,097 567,995 129.107 509.773 TOTAL FUNDS 676.092 638,880 The financial statements *ere approved by the TNstees on 16 Oec•mber 2024 and signed on behalf. by.. *141>01P2041&. Jennlfer Nel Chair and Treasurer Company Registrat*￿ No. 04712756 The notes on pages 16 10 26 fomi pat of these finantsal slatements. Page 14 CARERS NETWORK WESTMINSTER IA company limited by guarantee) CASH FLOW STATEMEKr FOR THE YEAR ENDED 31 IAARCH 2024 2023 Net flow from oper*ing aclivities 17 72.103 3,637 Cash flows from investing activities: Payments to acquiR tangole fixed assets PayTnents to dispose of tang*>l8 fixed assets Interest ￿ee￿d (13.877 (2651 12.757 13.5401 4,303 Net Cash fvom (used in) inv•sling actbvities 11A85} 763 Nét Increase In cash and cash equl¥alents 70.718 4.400 Cash and cash equivalents as at 1 April 2023 604.143 Cash and cash equivalents as at 31 IAavch 2024 679.261 608.543 Cash and cash equl¥alents consist of. Cash at b￿k 679.281 608,543 Cash and cash equivalents carried forna 679,261 608,543 The notes on pages 16 to 26 fom part of these finanual sl*•rnnts. Page 15 CARERS NETWORK WESTMINSTER (A company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1. ACCOUNTING POUCIES al General infornHtion and basis of pr•parntion ca￿r$ NetW￿k Weslrninster is a regtstered charty {Charty number. 1097723.. Ccrfnpany number.. 047127561 limited by guararrtee In EngL8nd & Wales. In the event ofthe charty being would up. the liability in respect of the guarantee is limited to £1 per memberof the chanty. The address of the registered office given in the charty Informat￿)n on page 1 of these financhql statements. The nature of the charty's operations and principal actmties are to provide core services of irrformatkjn, advice and support lo all Unpa￿ Ca￿r$ and thwr famil* in the Cty of Westrninster, t￿ Lonth)n Borough of Hammersmrth and Fulharn, and Ihe Royal Borough crf Kensington arKI CheLsea. The charity constiiutes a publr benefft entity as defined by FRS 102. The financial st*ements have been prepared in accordance with Accounkn"ng and Reporting by Chanb"es". Statement of Recommended Practice applicable lo charrtw preparing their account$ in ac￿rdanCe with the Financial Reporting Standard applicable in the UK aThJ Republic of I￿￿nd issued IFRS 102) tssued in October 2019, the Financial Reporting Standard applThble in the Unrted ￿ngdoIn and Republic of Ireland IFRS 1021, the Charit¢es 2011. the Compan*s Act 21x6 and UK Gener￿lY Ac• Accountsng Practice. The financial st#ernerrts are prepar&Y on a going ts)ncern basts under the histor￿1 cost convention. modrfied to include certain rtems at fairvalue. The financial statements are prepared in sterling vthich 15 the funcbonal currency of the chanty and rounded lo the nea￿$t p)und. The signfficant accounting policies appl*d in the prepaTrtion of these statements are set out below. These policies have b*n ¢onsistentty applied to all years presenled unless ctherwise $t*ed. b) Fund accountlng The charity maintains Yarious tTres of funds as follo￿. Restricted thnds . Restricted fvnds repres•rt grants and donabons recei¥*d whth are albocaled by the donor for specific purposes. ExpenditiJre that meets these criterra is charged to the fund. together with a fair allocation of support costs. Unrestricted funds - Uniestricled funds represent income wh￿h is expendabk al the discret#)n of the TnJstees in the furtherance of the ot¥'ects of the tharty. c) Income tkjnations and simikr incoming resour￿ are included in the year in which they are receivable, vthich 15 when the charrty becomes enbtled lo the resource. Donated Ser¥￿eS are fdlued * the estimated value to the charity of the seThre ￿e1Ved. Grants receivable a￿ credited to the Statement of Financial ActNities {SOFA) in the year in vthtch they are rec*ved. Deferred income represents amounts I￿e1Ved forfvture per￿ts and rs re￿aSed to incoming resources in the pericwj for whth r( has been ￿e1Ved. Inveslmenl inc(*ne is induded in the SOFA in the year in which rt i8 reCe￿ab￿. Page 16 C*JcwMJn E￿￿*10.. 78EF1CAS30FLHF37-BECW1rM)eB411JI CARERS NETWORK WESTMINSTER (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1. AccouKnNG POLICIES {continu•d) dl Resources expended and basls of allocallon of costs Expendrture 15 recognised on an accruajs basis as a liability s inojrred. ir*clusNe of any VATwhich cannot be recovered. Grants payable are charged in the year in vthich they beccffie payab￿. Other resour￿ expended are al￿￿ted directly to the particJJlar acbvty Ththere the cost relates to that actiwty. Support costs have been alkK*ed betsletn charitable actrvities. generating voluntsry funds and govemance costs. Costs th* are not wholly attr1butsts￿ to • expenditure c*gory have been apportion8d to each actNity on an estimate d staff tyne. •) Costs of generating voluntary funds Costs of gener*ing funds include the cost of advert￿ng for donatkjns and the staging of special furKlraisng events. Costs relating to grant applications for specfft projects all￿ated diretx to charrtable expenditure. Ch•ritabl• a¢tlvitles Costs of charilable activities comprise all costs in￿The￿ in the pursuit of the ctsritable rtg'ects of the charty. These costs. where ncrt wholty attrit)utsble. are 4portioned bet*w the categws of charrtable expendtture in addthn to the direct costs. g) Governance casts Govemance costs include those costs associated with Meeting the constrtvttonal ar￿ statutory requifements of the chanty such as the cost of boar¢1 meetings, ststutory compliance and costs linked to the stTrtegK rnan&Jement of the charity. h} Tangible fixed ass•ts Tangible fixed assets are stated at cost less depreciation. whKh is provided in annual inslalrnents overlhe estimated useful lives of the assets. The rates of deP￿Clat￿?n applied to the assets are.. Computer equipment.. 33/•% straght line Fixtures. Fitbngs & Office equipment ￿ straighl line i) Penslon costs The chanty contit>utes lo the NatN)nal Ernpkn￿nent Sw"ng5 Trust {NEST) Pension Scherne which workplaee defined ccfitribut*Jn scheme. The cost of the ¢￿tributI)nS is charged to the Statement of Financial Athiitss ISOFAI wtten the cost L% irurr&J. 11 Gits in kind Items grfted to the charity afe induded either as incomNI9 resources in the Statement of Financial ActNities ISOFAI or as an asset in the balance sheet. The ralu*ion of such items ts as deemed reaSe￿able by the Trustees. kl Critical •ecounting esthnates and arnas of judg*m*Tht In the vtew ofthe Trustees, in apptying the accounting p)licies adopted. no judgements were wuired that have a signrf￿nI effe￿ on the amounts reccf nised in the finanaal statements rK>r do any estimates or assumptK)ns made carry a swJnrfKant fisk of material adjustment in the next financol yeor. Page 17 DouAgn En4*ope ID.. 78EFlc￿f￿37.8Ec￿ITh1lJ4 CARERS NETWORK WESTMINSTER {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2. INCOME FROM CHARITABLE ACTivmES Tolal Funds 2024 Total Funds 2023 Funds 2024 Funds 2024 Carer support and activits The N*ional L¢￿ery Communty Fund The Henry Smith Charity London Borough of Hammersmith arKI Fulh City Bridge Trust Royal Borough of Kensington and Chetsea Weslminster Cty Council Weslminster Amalgamated Ch¥ty Other income 39.760 20.000 39.760 20.000 190.813 10,700 104.040 400.572 37,951 40,000 188.671 40,900 104,040 400,573 8,000 5,636 190,813 10.700 104.040 400.572 695,425 70.460 765.885 82S,771 3. vOLUf￿ARy INCOME Total Funds 2024 Total Funds 2023 Funds 2024 Funds 2024 Grants for irKIivKJua15 Donations and grants recei￿1 2.460 13,997 2.340 16.272 13.857 140 13J57 16.457 18,612. Donat*)ns and grants received includes donatKfjs of £734 (2023.. £7801 we receNe frcln supporter5 through the Global GNing platform. INVESTMENT INCOME Unrnstricted Restrkted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Bank deposrt. interest 11.757 12.757 4,303 117SI 12.757 4,303 Page 18 Do&￿￿j￿ E￿￿1)E¢l0. 78EF1CA>30FtHF37-8EC&EA1LY18B411JI CARERS NETWORK WESTMINSTER {A company Ilmlted by guarantee NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 S. RESOURCES EXPLAINED OM CHARrrABLE ACTIVITIES Olffe¢t Support Other stsff Direct Staff Support Costs Costs Costs Costs Total 2024 2023 Costs of Charllable Actlvllles Carers Support & Events Govemance Costs Raising Funds 406,597 81.629 158,777 20,601 8.241 56.358 703,359 23.977 44.578 1.709 9.950 760,406 36,967 12.033 406.597 81.629 187.619 82,042 757,887 809,4C6 Support costs are allocated to actiwiies based on an assessff*nt of txne sp￿t by staff on each activty.. 6. GOVERNANCE COSTS Tolal Total 2023 Audit fees Trustee SuFport costs Mernbership costs Support Staff costs 7.563 13,106 3.185 20.724 7,103 3,$83 3,338 22.943 44.578 36,967 7. NET INCOMING RESOURCES FOR ThE PERIOD This is stated after chafging.. 2024 2023 DeP1eaat￿n of tsngible fixed assets Loss on disposal of fixed assets Audito￿. remunw*ion 8.530 2.166 7.563 3,806 7,103 P4e 19 Jcu%gn Evndope ID.. 78EFICA>30FD4F374ECW1008&411S CARERS NETWORK WESTMINSTER IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 8. TRUSTEE ANO STAFF INFORMATION al Trustees No trustees received remuneraknn during the year {2023: £Nill The Chair was reNnbursed £4.491 during the year12023'. £2.1121 for expenditure on cc6ts for care of dependents that were incurred in order for the Chair lo atter>d trustee business. Trustees received travd r￿mbur5eMents of £Nil (2023". £Nil} irt the year. b) Staff 2024 2023 Salaries and wages Socral security costs Pension eosts Seconded and 89ency staff Redundancy costs $06.818 43,479 26,131 17.788 567,534 50.431 29.919 5,139 594,216 653,023 Key manwent personnel are the Chief Executi* Officer, Hea(1 of ServTh and Head of OFerat*)ns. The total employee berth ofthe Chantls key management personnel were £120.26612023'. £144,664). No employees12023" 1) r￿1Ved emohJments betrween £60,fy)0- £69,999 on an annualised basis during the year. One anptyee {2023.. 11 ￿ceIVed emoluments between £70,000 - £79.999 on an annualised basi5 during the year. The average fvll Ivne eqU￿ent ofstaff by the charity during tr* periLxJ, including seconded staff was.. 2024 2023 Governance and gener*ing fijnds CharTtable activities 15 18 15 18 9. TAXATION The charitable Com￿nY is exempt from corporatK>n tax ¢)n ts tharrt8ble athvibes. Page 20 Da￿￿gn ErF4*iwe ID.. 7BEFl￿30F{￿F37-8ECWlM7ls￿ CARERS NETWORK WESTMINSTER (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. TANG18LE FIXED ASSErs Computers and •quipm•nt At 1 Apn'l 2023 Ad¢Jittons 'sposals 51.730 13.877 (16.8921 At 31 March 2024 48.715 At 1 April 2023 Dep￿ClatIon charged in the year Depreciati￿ eliminated on disp)sals 41.191 8,530 114.991) At 31 March 2024 34.730 Net book value At 31 March 2tr24 13.985 At 31 March 2023 10.539 11. DEBTORS 2024 2023 Contract debt0￿. Accrued InC￿e Prepayments . 16,761 436 14,784 3,834 13.035 16,869 31.981 Paje 21 c)r￿￿￿ Ery¥elope D.. 78EF1CA&3C*tNIF374ECW100084113A CARERS NETV¥ORK WESTMINSTER (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. CREDITORS: AMouKfs FALUNG DUE YIITHIN ONE YEAR 2024 2023 Trade credit Aecruals Other taxation and 50ual 5enJrity Pensions Other liabilrties 2.608 14,359 12.309 3,457 1.290 494 7,578 3,050 1,061 34.023 12.183 13. COlaMITMEKfs UNDER OPERATING LEASES At 31 March 2024 the chanty had total fLriure minimum kase Pa￿nents under non30F04F37-8ECW100884111 CARERS NETWORK WESTMINSTER IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 16. PURPOSE OF RESTRICTED FUNDS (Mnlinued Covid-19 Re5p¢m￿ Project In September 2020 a grant of £15,000 received from The LWS Bank Foundath?n for England and Wales- React Fund, lo provide Carer5 Ne￿tIrt wrth addrttonal funds lo support our response to Cov%l-19. This was primarity used to purchase addits.onal informatw)n technokyjy equipment and protective screens to segregate our office workstab.ons in com￿13n¢e from social di5tan¢ing guthnce rssued by HM Govemment. Some equipment vras capstalised and the cost expended durng the financial year represents dePreC￿tKIn Ihereon. The project was dosed as at 31 Mar¢h 2Q24. Car•rn Found Proiecl This is a major project running from FeW 2020 to Septen*er 2023. that will Ident￿ 240 hidden and hard-to-reach Unpa￿ carers in the Cty of Weslminster, the London Borough of Hammersmrth & Fulham and the Royal Borough of Kensington and Chelsea. Carers Found will enable people who a￿ exduded through k8olation or other barr*rs lo live fvffilling lives by offering them ￿rSOnaliS￿ support in th*r caring role. A grant of QQ,000 was received from The Garfiekl we$￿ Foundation in February 2020. folh)wed by grants of £105,200 three years lo September 2023 frcm Crty Bridge Trust lo cover the salary of a Communty Development Officer, plus related volunteer costs and fftrhe8ds, and in¢Jependent evaluatKJn of the project. During this financ￿1 yEar £10.7(J) was recei¥Ed fr(m Cty BrKkJe Trust Cargys thn$elling Pyoject Commencing in September 2020, the Carers Counselling Project estsbli5hed a new counselling service for up to 48 older, unpaid carers in conjunCt￿n Goklsmiths UnNersty of London an(1 London and South Easl Colleges, bcal unpaKI Ca￿r5 a￿ olfefed up to 12 one-on-one sessb)ns of psychodynamic counselling lo improve their mentsl health due to rn0￿ F￿rtNe L*tkw"our and increased resi1￿nce. along wlh decreased isolatKJn and kjneliness. Grants of £10,000 in July 2020, £8.OLM) ￿ O(thr 2021 and £8.000 in Septemter 2022 were received from WestminsterAm*amated Ch*ity to be utilised fe* okjer. unpaMI carers ￿sIding in the Crty of Westminster. A fvrther grarrt 01 £15,￿0 was received in Octaber 2020 from the Independent Age Grants FLtnd to be utilised for older, unpawl carers resKling in the London Borough of Hammersmith & Fulham and the Royal Borough of Kensington & Chetsea. Inclusive Communications Prosect In November 2021 a grant of £5.OJO was received from Carw5 Tnjst in sUpp￿t of more inclusive eommunications for tre Carers Found Proiecl {$ee above}. In close collaborkn.on with tommun organisth"ons. the project raises awareness among unpaid adutt carers from hpJden and har(l-to4ea commun¢tss atout their canng role a￿3 corresponding rwjhts and entitlements. Bizzy8ox Lend5ng Project This project w launched in March 21y22 to enable unpaid Ca￿rs in the Cty of Weslmin5ter. Londo Borough of Hammerynith & Fulham and Royal Borough of Ken￿ngton & Chelsea to join an equipment lending library and bcrn for free a fantastic range of athity products that their cared-for pef50n can enjoy from the comfort of their own horne. These products. wh￿￿ include puzz￿. comfort Fets. aclivity boards and hug buddies have been spec*lty designed to hdp those Imng with dementsa. r￿0vering ffom a stroke er heart attack or living with autsm or a leaming dtsatM"hty. Page 24 OouJswJn £￿￿Ope ID.. 7BEF1W3DFf￿1F37.BEce￿10DSB41l3I CARERS NETWORK WESTMINSTER IA cornpany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2024 16. PURPOSE OF RESTRICTED FUNDS I￿ntInued) BlzzyBox Lending Project Icontinu•dl The project vrds SUPPOrted by The Valesco Oon(K Invita￿￿ FuTrY contributed a grant of £15,Cl)O in March 2023 and the Westminster Ciiy Council North Westminster Prcgrarnffle which contributed to a grant of £74,089, which was pard in Iwo tranches in March 2022 and September 2022. The North Westminster Prcgramme 15 about strengthenirg comfnunrt* in the Queen's Parf(. Westboume, Harrow Road and Church Street wards. In •Jdth'on. a grant of £4.¢X)O for okler or ekyerfy carers from a London bas8d private family foundation. was ub"li5ed for the purchase of a¢iiwty equpmenl for the lending library. This project was cbsed as at 31 March 2024. Carers TfU8t Indivldual Gftnts As a Carers Trust Nehwrk Partner, care￿ Nets¥ork is able to apply to Carer5 Trust on behaff of individual unpaid carefs for small one-off grants. T￿￿alty. these are for trte pu(chase of essential household equipment or ￿paIrs. 100% of the amounts receNed a￿ inmedwtety p8bJ out lo the claimant. Carers Connected Project This prO1￿t ￿lmenced in W 2021 the wm oftackkng S￿la1 wlatK)n and kineliness among unpaid carers in the City of Weslminster. through the provrsion of Volunteer-￿ activities including chair yoga. mindfijlness, creative wllts.ng and On&￿￿)ne tel&befrEnding. The project was supported by the Cty ofweslminstsr Charrtable TrL*t. which O￿tr￿ute￿ a grant of£12,000 in Iwo tranches paKI in April and Octoter 2021. This prciect was ek)sed as al 31 March 2024. 17. RECONCILIATION OF NET PAOVEMEiff IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the year las Fer Slatement ot Finan￿1 Actrrfiwl Adjuslmeni for. Irbteresl receivable Depreciati¢￿ of tangible fLxed assets Loss on disposal of tangible fixed assets Decreasellincreasel in debtors (Decreaseifinuease in credrtors 37,212 39,280 112.7571 8.530 2.166 15,112 21.840 (4.3031 3.806 (16.0131 119.1331 72,103 3,637 18. PENSION COMMITMENTS care￿ Network Weslminster cyerates a defined ojrrtritsjtron W￿place pensron sd5wne through the N*ional Emplowment Samngs Trust INESD which is Wallab￿ to all empknyee5. The charge for the year represents the amourts payable by the chaity lo the scheme, which were £26.131 12023 - £29,919). As at 31 March 2024 contributions of £3,45712023." £3,207) were outstanding. which were paid over to the scheme in April 2024. Page 25 Doojsiw ID.. 7BEF1W3DFD4F374ECW11]048411&1 CARERS NETWORK WESTMINSTER (A company Ilmlted by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. RELATED PARTY TRANSAcfioNS There were £Nil12023: £Nill related paty tran&Kt*)ns durng the year. 20. CONTROLUNG PARr The Charrty controlled by tts m￿bers. P•3e 26