Registered number: 04712756
Charity number: 1097723
CARERS NETWORK WESTMINSTER
IA company limited by guarantee)
TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

CARERS NETWORK WESTMINSTER
IA company limited by guarantee)
CONTENTS
Page
Reference and adminislralive details
Rèport of the Board of Trustees
Independent Examiner's Reporl
10
statement of Fln8ncial Activities
Balance sheet and Declaratio
12-13
ststemenl of Cash Flows
Notes to the Financial Statements
15-24

CARERS NETWORK WESTMINSTER
IA company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2025
The Board of Trustees
Nadia Taylor (Chairl
Charles Adeniran
Siobhan Duffy
Sarah Findlay
Mary Larkin
David Lewis
Linda McHugh
Patricia McAllisler
Jennifer Nel
Rosalind O'connell
Genevieve Peallie
Theresa Thomas
Irelired 1 December 20241
Iresigned 2 December 20241
Iresigned 28 Novernber 20241
(resigned 28 November 20241
Iresigned 1 December 20241
lappoinled 23 January 20251
lappoinled 23 Janu2ry 20251
(resigned 17 December 20241
lappoinled 23 January 20251
(resigned 23 January 20251
Company Secretary
Deirdre Goss
Chlef Executive Offlcer
Brian Jones
Registered Office
Office 8, Beethoven Centre
Third Avenue, London W10 4JL
Independent Examiners
Ward Williams
Belgrave House, 39-43,
Weybridge, Surrey KTI 3 8RN
Monument Hill.
Bankers
Unily Trust Bank PIC
Four Brindleyplace
Birmingham
B1 2JB
Nallonwide Building Soclety
Nationwide House
Pipers Way
Swindon SN38 1NW
Aldermore Bank PLC
1st Floor, Block B
Western House
Lynch Wood
P8terborough PE2 6FZ
Redwood Bank Limited
The Nexus Building
Bioadway
Lelchworlh Garden Cily
Hertfordshire SG6 3TA
Close Brothers Group plc
10 Crown Place, London EC2A4FT
Company number
04712756
Charity number
1097723
Solicitors
Robinson Wilson Solicitors
Selbourne House, 36A Elgin Avenue, London W9 3PR
Page 1

CARERS NETWORK WESTMINSTER
{A company limited by guarantee)
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annuBI report together with the financial slalements for the year ended 31 March
2025. Comparativè figures are those for the year ended 31 March 2024.
Introductlon from the Chair
l am pleased lo present our Annual Report and Accounts for the year under review. This has been a year of both
continuity and progress, as we have continued lo deliver vital support for carers in our community during a period
of considerable ohallenge across the wider health and social care landscape.
One of the rTtosl significant developments duTing the year was the Continued conlid&nce shown by our
commissioners, who extended our contr8cls to ensure stability of services for those who rely on us most. These
extensions are not only a reflection of the quality and reliability of our work, but also ol the trust placed in us as
a valued partner in delivering support across our boroughs. Comrnissioners, willingness to extend Contracts in
such a testing fi'nancial environment demonslrales their recognition of the impael we have and the essential
nature of our services.
Throughout this period, our dedlcaterl staff team and volunteers have shown remarkable resilience. commitment,
and professionalism. Thelr efforts have ensured that earers and their families continuèd to have access lo the
infoimalion, advice, and support they need lo manage their responsibilities and to maintsin their own wellbeing.
On behalf of the 8oarcl of Trustees, l extend our sincere thanks lo all those who have gone above and beyond
in supportlng our mission.
We know that carers often experience significant pressures, both practical and emotional, in tulfilling their roles.
Over the past year, we have sought to strengthen our offer by listening closely lo their voices and ensLJring that
our services respond directly lo their needs. From peer support groups lo tailored advice sessions, our work has
remained rooted in empathy, understanding, 2nd a commitment to delivering real outcomes lor those we serve.
This has also been a year In which we have taken steps to prepare for the future. The Gommissioning
environment remains Ljncertain, with councils and stalulory partners facing finanGiaS p￿SSUre$ of their own.
Nev6rlhèless, we have worked proactively lo diversify our income base, strengthen our governance, and plan
slralegic811y for the years ahead. The Board is commilled to ensuring the long-term sustainability of the
organisalion so th81 carers can conllnue lo rely on us with confidence.
Collaboration remains central lo our approach. We are proud of the partnerships we have built with local
aulhorilies, health providers, communlty organisalions, and national neNvorks. These relationships have enabled
us to reach more carers. innovate in our services, and raise the profile of carers, needs at every level of decision-
making. 11 is through such collaboration that we amplfy the voice of carers and ensure they remain firmly on the
agenda.
Page 2

CARERS NETWORK WESTMINSTER
{A company limited by guarantee)
TRUSTEE'S REPORT Icontinued}
FOR THE YEAR ENDED 31 MARCH 2025
Looking fopNard, the Board is ambitious for the future. We recognlse that the role of carers is increasingty vital
in our society, and that the challenges they face are evolving. Vvilh a strong and committed staff team, the
confidence ol commissioners, and the support of our partners, we are well placed lo continue making a
meaningful difference. We will build on the trust placed in us, seek out opportunities lo enhance our impact, and
remain steadfast in our mission to ensure every carer is valued, supported, and heard.
I would like lo thank my fellow trustees for their dedication and guidance throughokjl the year, and to pay tribute
once again tD our staff, volunteers, arTrd partnèrs. Above all, I want lo acknowledge the carers themselves. Their
resilience, compassion, and delerminalion inspire everything we do.11 is their voices and experiences that drive
us forward and remind us of the importance of our role as an organisation.
This report reflects a year of slabilily, growth, and preparation for the future. Vvhile challenges undouhledly lie
ahead, l am confident that, together, we are equipped not onty lo meet them, but lo continue thriving as an
organisation that makes a real and lasting difference.
Nadla Taylor
Chalr
Page 3

CARERS NET4VORK WESTiVIINSTER
IA company limited by guarantee)
TRUSTEE'S REPORT Icontirjued
FOR THE YEAR ENDED 31 MARCH 2025
CEO Foreword
11 has been a year of both reflection and renewal for Carers Network.
As we look back on 2024125. 1 am immensely proucR of how our team, volunteers, Iruslees, and community
partners have continued lo come together lo support unpaid carers across Weslminster, Hammersmilh &
Fulham, and Kensington and Chelsea. Every day, we witness the quiet resilience, compassion, and strength of
C8rers--often invisible in society who make extraordinary sacrifices for their loved ones. Our M￿S1On is to
ensure they are not only seen bul heard, supported, and empowered.
This year, we've continued lo deepen our reach, support rn0￿ carers in MO￿ meaningful ways, and build new
partnershlps that bring fresh opportunities. From the expansion ol Dur End-of-Life project lo impaclful
collaborations with cultural partners like the Bush Theatre and English National Opera, we've seen the power of
creativity, compassion, and connection in action,
We also recognise the Challenges. Funding remains light, the cost of living continues to affect the carers we
support, and our core contracts are due for retender in the year ahead. However, we remain resilient and fDrward-
looking. Vve have worked with our local authority partners to co-produce a new strategy for caTers and have
fi'nalised our own interim refreshed organisational strategy to ensure we remain relevant. inclusive, end
ambitious.
Our social media engagement has doubled, our digital sessions remain strong, and our in-pgrson support is
being delivered with ever greater reach and responsiveness. We're proud that our services continue to receivg
excellent feedback. not just for what we do, but for how we do il-wilh empathy. respect, and a commitrnenl to
equity.
I would Ilke to extend my deepest thanks lo our funders, donors, 8nd supporlers-especially those who ran
marathons, hosted events. or gave gifts in kind. l also want to thank our dedicated staff le8m and our exceptional
volunlettrs. Finally, thank you to o(Jr board of trustees for theii strategic insight and sleadfasl commllmenl lo our
mission.
As we move into 2025126, our resolve is clear., to connect with even more hidden carers, amplify their voices,
and ensure every unpaid carer has the support they need to Ihrive-not just surviv8.
Brian Jonès
Chief Executiv8
Page 4

CARERS NETWORK WESTMINSTER
(A company limited by guarantee)
TRUSTEE'S REPORT Icontinuedl
FOR THE YEAR ENDED 31 MARCH 2025
Objectives and Activities
Purpose
Carers Network supports unpaid carers across the City of Westminsler, the London Borough of Hammersmilh
& Fulham, and Ihtr Royal Borough of Kensington and Chelsea. We provide a wide range of services that
ernpower carers and enhance their wellbeing. These include advice and guidance, aC￿sS to financial and
emotional support, training, counselling, and communily-based engagemfjnl.
We are committed to reaching hidden carers individuals who may not recognlse themselves as carers and
ralsing public awareness of the essenti81 role carers play in the health and social care system.
Mission, Vision and Alms
Our mission is lo support unpaid carers and improve their quality of life. Our v15ion is a Society where every
unpaid carer is recognised, valued, and enabled lo lead a healthy and fulfilling life.
Public Benefit
Carers Network delivers tangible public benefit by reduclng isolation, improving wellbèing, 8nd enabling Ca￿r$
to remain in or return lo work. This relieves pressure on slalulory servi¢es and impToves outcomes for the people
they care for. The Trustees confi'rm that they have complied with their duly under section 17 of the Charities Act
2011 to have due regard to public benetil guidance published by the Charity Commission.
Services
Carers Netmork supports unpaid carers by providing the following services..
1. Information andAdvice
We provide a high-qualily helpline. in-person support, and online access points lo ensure carers receive relevant,
accessible information. In 2024125, we responded ID 2,033 individual enquiries - a reflection of both ongoing
need and the ttust carer8 place in us12023124- 1,455 enquiriesl.
Through our website, wookty e-newsletlers, and active social media presence, we shared content on carers,
rights, financial support, and wellbeing. Notably, our social media engagement doubled across all platforms, with
Instagram and Facebook le8ding growth.
2. Carer's Assessments
Carers Network remains a trusted delivery partner for slalutory CaTerfs Assessments across our three boroughs.
In 2024125, our team completed 1,184 assessmenls 12023124 - 1,0281, securlng over £473.810 in persona1
budgets for eligible carers- supporting tsilored solutions to IheiT uniqu& silualions12023124 - £450,065)
Page 5

CARERS NETWORK WESTMINSTER
(A company limited by guarantee)
TRUSTEE'S REPORT Icontlnued
FOR THE YEAR ENDED 31 MARCH 2025
3. PractlC81 and emotion81 su
ort
Our wraparound SUPPOTI otter includes counselling, peer support, WOTkshops, and liaison wllh health and care
partners. This year's programrne included monthly wellbeing workshops, legsl planning sessions, and specialist
ondilion-based groups. Feedback from oarers remains ovenmhelmingly positive.
4. Small
ersonal
rants
We supported carers in securing individual grants for respite. specialist equipment. and wellbeing aids, working
with local and national funders.
5. AdtroGac
We worked collaboratively with NHS and local authority partners lo represent carers. views, influence
commissioning, and promote carer-cenlric policy and service delivery.
6. Carer Involvem
We facililaled 12 Carers Forums across the boroughs, maintaining strong allendance and helping shape
services. These events are increasingly viewed by partners as essential engagernent platlomis.
7. Social En
emenl
Social ¢onne¢lion is central lo carer resilience. Over the year, we delivered 143 online events. supported 48
coffee mornings, and maintained speckqlist groups including our v8lued Male Carers Social Group. Highlights of
Carets Week included a series of cultural and heritage visits, and a recepb'on hosted by the Lord Mayor of
Weslminsler.
Innovative projects likè Yhe Illusion. with the Bush Theatre demonslraled how creative partnerships can unlock
Confiden￿ and joy. Weekly guitar and self-led arl classes have bectsme well-altended staples of our offer.
Achlevements and Performance
In 2024125 Carers Network major achievernents were as follows..
Carers supported.. 2,812 carers, representing a 4V• increase from last year123124.' 2,6971.
New carers identified.. 493 new ¢arer8, representing 8 5Vty increase from12sI year123124,' 4701.
End of Life Project., 160 carers through the End-of-Life Projecl123124.' 186 carers)
Social media growth.. Linkedin follower and engagement growth across platforms.
Carers Found project,. Continued outreach via LGBTO+ BAME and housing organisalions helped
entify hidden carers and build trust in underrepresented Communities.
Page 6

CARERS NETWORK WESTMINSTER
IA company limited by guarantee)
TRUSTEE'S REPORT Icontlnuèd}
FOR THE YEAR ENDED 31 MARCH 2025
Fundraising
2024126 has been a strong year for fundraising, with continued support from..
Henry Smith Charity and National Lottery CDmmunty Fund - enabling expansion of our End-of-Life
support prpject.
City Bridge Trust and Garfield Weston Foundation - extending our Carers Found project.
Valesco GTOLJP
Thè Lord Mayor of Weslminsterfs Campaign- raising over £11,000, including the London Marathon and
Royal Parks Ha￿ Marathon runners.
Gifts in Kind
150 carers allended opera performances through the English National Opera's
Community Scherne.
We thank all donors, Irusls, snd communlty supporters whose generoslty allows us lo do more for ¢arers each
year.
Volunteering
Our volunteers remain vital lo delivery and innovation. From befriending calls and Yoga sessions, their
¢onlribulion is meaningful and diverse. The benefits are mutual volunteers report improved confidence,
wellbeing, and personal growth,
Our Strategic Direction
Carers Ne￿Ork remains firmly commillec¢ to delivering high-quality, impacllul services through our
commissioned contracts, ensuring unpaid carers receive the support they need lo thrive. Alongside this, we ale
prioritising the expansion of social and peer-led opporlunilies creating more spaces for carers to meet. connect,
and bu1￿ supportive relationships with others who understand their experiences.
Al a strategic I$v81, we are focused on growing the organisalion sustainably - extending our reach, strengthening
our partnerships, and identifying new opportunities to secure fundirlg and deliver innovative services. This dual
focus-on deepening the quality ol existing support and broadening our offer-ensures Ihatwe continue to meet
the evolving needs of our divèrse carer communities, while securing a strong lulure for the organisalion.
Equality> Diversity & Incluslon
We remain committed lo reflecting the communities we serve. 720/0 of carers we support are women, ané our
reach spans carers from diverse ethnic, age, and cultural backgrounds. Our staff team of 19 reflects this diversity,
with team members speaking over five community languages.
Page 7

CARERS NETWORK WESTMINSTER
(A company limlted by guarantee}
TRUSTEE'S REPORT lcontinuedl
FOR THE YEAR ENDED 31 IViARCH 2025
Financial posltlon
Income.. £758,767 Ireduclion from £795.099 in 2023124)
Expendllure.. £831.879 (increase from £757,887 in 20231241
Deficit.. £73,112 (23124 £37,212 surplus)
Free reserves.. £539,009- meets our 6-monlh opèrational larget123124 - 567,9951
Despite a modest deficit, reserves remain strong and operations sustainable. We are pro8clively managing
incomè diversification and cost Control ahead of 2025126 contract relenders.
Reserves Policy and Going Concern
Our reserves policy remains unchanged. Tmslees conlinue to monitor financial risks closely, 8nd the charity is
judged to be a going concern with sufficiènt resources lo continue service delivery.
Rlsk Management
Our Finance & Risk Subcommillee meets quarterly lo review the Risk Register. All risks are assigned controls
and miligalions, with escalation proloGols in placè. Strategic risks Include funding 8UStainabilily and contract
retendering.
Governance
Carer5 Network is governed by a skilled, diverse board of trustees with appropriate overslghl, induction. and
access to Ir8ining, Vve remain cornmitled lo best pfftcliGe in governance, compliance, and transparency.
Appointmènt of Trustees
The charity's conslilulion sets the number of Iruslees between lour and flfteen. Trusle6s are elected by members
at the Annual General Mèeting and serve a Ihree-ye2r term. Prospective Iruslees are interviewed by a panel of
existing board rNembers, who consider how each caTrdidale's èxp2rience, professional expertise, location, and
understanding of the care landscape will contribute lo the ¢harily's elfectiveness. We actively seek individuals
whose skills and insights strengthen our governance and supportdelivery ol our mission- maxlmising the support
we provide lo unpaid carers while advanoing our slralegiG growth agenda.
Trustee Inductlon and Development
New Iruslees recelve a comprehensive induction designed lo equip them with a clear understanding of the
charity's purpose, governance. and operations. This includes an overview of our Articles of Association, strategic
priorilies, budget. audllecl accounts, and organisalional slruclure. Trustees are also briefed on their legal duties
and responsibilities under charily law. Ongoing development is encouraged, with access lo external training and
resouTces through local infraslru¢lure bodies such as One Weslminsler, Kensington and Chelsea Social Council,
and SOBUS, as well as national governance organisalions. This ensures our board remains skilled, informed,
and allgned with best practi￿.
Page 8

CARERS NETWORK WESTMINSTER
(A company IirnTted by guarantee)
TRUSTEE'S REPORT Icontinuedl
FOR THE YEAR ENDED 31 MARCH 2025
Related Party Transactions
There were no related party transacllons during the reportlng perlod that require disclosure.
Partnerships and Networks
Carers Network is proud lo be a member of Carers Trust and Carers UK, contributing to collective efforts to
champion carers, rights and influ8nce policy change. We are also acGredilèd by the Living Wage Foundation,
reflecting our continued commitment to SOCI81 v31ue and fair pay. These partnerships amplify our voice and
ensure we remain connected to wider movements that align with our values and ambitions.
Independent Examiner
Ward Williams were appointed as independent examiner to Carers Network Westminster during 2025 and 2
resolution proposing that they be re-appDinted will be pul fotwsrd at the next Annual General Meeting.
This report was approved by the Board of Trustees and signed on their behalf by..
Nadla Taylor
Chair
Dale 15 October 2025
Page 9

CARERS NETWORK WESTMINSTER
IA company limited by guarantee)
INDEPENDENT EXANIINER'S REPORTTO THE MEMBERS OF CARERS NETWORK WESTMINSTER
I report lo the Iruslees on my examination of the financlal slalemenls of Carers Network Weslminslar Ithe charity)
for the year ended 31 March 2025.
Responsibilltles and basls of report
As the trustees of the charity land also ils directors for the pu¥poses of company lawl you are responsible for the
preparation of the financial slalements in a¢cordance with the requirements of the Companies Act 2006 Ithe
2006 Acll.
Having sallsfied myself that the financial slalemenls of the charity are not required lo bè audited under Part 16
of the 2006 Act and are eligible for indep&ndenl examination, I report in respect of my examination of the charity's
financial slalements carried out under section 145 of the Charities Act 2011 Ilhe 2011 Acll. In carrying out my
examination I have followed all thè applicable DirecliDllS given by the Charity Commission under section
14515llbl of the 2011 Act.
Independent examiner's statement
I have CDmpleted my examination. I confirm that no matters have come to my allenlion in connecllon with the
examination giving me cause lo believe th8t in any material respect.,
a¢counting fftcords were not kept in respect of the charity as required by section 386 of the 2006 Act,. or
the financial slalemenls do not 8ccord with those records., or
the financi81 statements do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a true and fair view which is not a maller considered
as parl of an independent examination., or
the financial slalements have not been prepared in accordance with the methods and principles of the
Slalemenl of Recommended Practice for accounting and reporting by charities spplicable lo charities
preparing their accounts in accordance wrth the Financial Reporting Standard applicablè in the UK and
Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination lo whSch attention
should be dmwn in this report in order lo enable a proper understanding of the financial statements lo be reached.
Colin Hamilton A
CA
Ward Willlams
Belgrave House
39-43 Monument Hill
Weybridge
Surrey
KT13 8RN
Dated..Ilt Octobèr 2025
Page 10

CARERS NETWORK WESTMINSTER
{A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restrlcted
Funds
Funds
2025
2025
Total
Funds
2025
Total
Funds
2024
Note
INCOME FROM..
Chari18ble activities
Donations and legacies
Investments
728,189
10,483
15,895
728,189
14,683
15,895
765,885
16,457
12,757
4,200
TOTAL INCOME
754.567
4,200
758,767
795,099
EXPENDITURE ON:
Charitable activities
Raising funds
770,825
12,728
48,326
819,151
12,728
747,937
9.950
TOTAL EXPENDITURE
783,553
48,326
831,879
757,887
NET INCOMEIIEXPENDITUREI
{28,986}
144,1261
173.1121
37,212
Transfers bebween Funds
NET MOVEMENT IN FUNDS
{28,9861
144,1261
173,1121
37,212
Total funds brought forward
567,995
108,097
676,092
638.880
TOTAL FUNDS CARRIED FORWARD
539,009
63,971
602,980
676.092
The Statement of Financial Activities includes all gains and losses recognised in the year.
All incoming resources and resources expended derwe from continuing acbvilies.
The notes on pages 15 10 24 form part of these financial statements
Page 11

CARERS NETWORK WESTMINSTER
IA company Ilmited by guarantee)
BALANCE SHEET
AS AT31 MARCH 2025
2025
2024
Note
FIXED ASSETS
Tangible assets
10
18,676
13,985
CURRENT ASSETS
Debtors
Cash al bank and in hand
11
123,200
486,563
16,869
679.261
CREDITORS..
609,763
696,130
Amounts falling due within one year
12
125,4591
134.0231
NET CURRENT ASSETS
584,304
662,107
TOTAL ASSETS LESS CURRENT LIABILITIES
602,980
876.092
CHARITY FUNDS
Reslricled funds
Unrestricted funds
15
15,16
63,971
539,OD9
108,097
667,995
TOTAL FUNDS
602,980
678,092
Page 12

CARERS NETWORK WESTMINSTER
(A company limited by guarantee)
TRUSTEES DECLARATION
The company is enlilled to th8 exemption from the audit requirement contained in section 477 of the Companles
Acl 2006, for the year ended 31 March 2025. No member of the company has deposited a notice, pursuant lo
section 476, requiring an audit of these financial slalemenls.
The Iruslees acknowledge their iesponsibilllies for ensuring that the charity keeps accounting records which
comply with seGlion 386 of the Act and for preparing financial statements which give a truè and fair view of the
stale ol affairs of the company as al the end of the financial year and of its incoming resources and application of
resources, including ils income and expenditure, for the financial year in accordance with the requirements of
sections 394 and 395 and which otherwi56 ¢omply with the requirements of the Cornpanle5 Act 2006 relating lo
financial statem8nts, so far as applicable lo the company.
These financial statements have been prepared in accordance with the provisions applicable lo companios
subject lo the small comp8nies regim8,
The financial slalemenls were approved by the Trustees on October 2025 and signed on their behalf, by-
1S.tO. loi
Nadia Tayl
Chair
Company Reglstralion No. 04712756
The notes on pages 15 to 24 form parl of thesè financial statements.
Page 13

CARERS NETWORK WESTMINSTER
IA company limited by guarantee}
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Note
Net cash flow from operating activities
17
1194,5211
72,103
Cash flows from Investing activities:
Payments lo acquire tangible fixed assets
Payments lo dispose of tangible fixed assets
Interest received
113,911}
11611
15,895
113.8771
12651
12,757
Net cash from (used inl investlng activities
1,823
11,3851
Net Idecreasellincrease in cash and cash equivalents
1192,6981
70,718
Cash and cash equivalents as al 1 April 2024
679,261
608,543
Cash and ¢a8h equivalents as at 31 March 2025
486,563
679,261
Cash and cash equivalents conslst of..
Cash at bank
486.563
679,261
Cash and cash equivalent5 carried fomard
4B6.563
679,261
The notes on pages 15 to 24 f()rm part ol these financlal slatemenls.
Page 14

CARERS NETWORK WESTMINSTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
a) General information and basis of preparatlon
Carers Ne￿orK Weslminsler is a registeTed charity (Charity number.. 1097723,. Company number..
047127581 limited by guarantee in England & Wales. In the event ol the ¢harily being would up, the liability
in respect ol the gllaranlee is limited to £1 per merllber of the Gharily. The address of the registered office
is given in the Gharlty information on page 1 of these financial statements. The nature of the charity's
operations and prlncipal activities are lo provide Bore services of information, 8dvice and support to all
unpaid carers and Ihelr families in the City ol Weslminster. the London Borough of Hammersmilh and
Fulham, and the Royal Borough of Kensington 2nd Chelsea.
The charity conslilules a public benefr't entity as defined by FRS 102. The financhql statements have been
prepared in accordance with A¢¢ounling and Reporlino by Charities.. Statement of Recomrnended
Practice applicahle to Charities preparing their accounts in accordance with the Financial Reporting
standard appliG8ble in the UK and Republic of Ireland issued IFRS 1021 issued in October 2019, the
Finanoial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102), the
Charities Act 2011, the Companies Act 2006 and UK Gènerally Accepted Accounting Practice.
The financial statements are prepared on a golng concern basis under the historical cost convention,
modified lo include certain items al fair value. The financial ststements are prepared in sterling which is
the functional currency of the charity and rounded lo the nearest pound.
The significant accounllng policies applied in the pieparalion of these statements are sel out below. These
policies have been consislenlly applied to all years presented unless otherwise staled.
b} Fund a¢counting
The charity maintains various types of funds as follows..
Restricted funds
Restricted lunds represe￿1 grants and donations received which are alloc31ed by the donor for specific
purposes. Expenditure that rneets these criteria is charged lo the fund, together with a fair allocation of
SUPPOrt costs.
UnrestriGted funds -
Unrestricted funds represent income which is expendable at the discretion of the Trustees in the
furtherance ol the objects of the charity.
c) Income
Donations and similar incoming resources are included in the year whlch they are receivable. which is
when the charity becomes enlilled lo the resource. Donated services are v81ued al the eslimaled value lo
the charity of the gervice r8¢8ived. Grants receivable are credited lo Ihe Slalemenl of Financial Activities
ISOFAI in the year in which they are received.
Deferred income represents amounts received for future periods and is released lo incoming Tesource5 in
the peFiDd for which il has been reGeived. Investment income is included in the SOFA in the year in which
il is ieceivable.
Page 15

CARERS NETWORK WESTMINSTER
IA company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES Icontinuedl
dl Resources expended and basis of allocatlon of costs
Expenditure is recognised on an accruals basis as a liability is incuTred. incluslve of any VAT which cannot
be recovered. Grants payable a￿ charged in the year in whlch they become payable.
Other resources expended are allocated to the particular activity where the cost r&l8tes lo that activity.
Support costs have been allocated bebNeen charitable activities, generating voluntary funds and
governan￿ costs. Costs that are not wholly allribulable to an expenditure category have been
apportioned to each activity on an esllmale of staff lime.
e} Costs of generatlng voluntary funds
Costs of generating funds include the cost of advertising for donations and the s12ging of speci81
fundraising events. Costs lelating to grant applications for specific projects are allocated direct to
charitable expenditure.
fl Charltable activitios
Costs of charitable aclNilies Comprise all costs incurred in the pursuit of the ¢haTilable objects of the
charity. These Costs. where not wholly atlribulable. are apporlioTred between the categories of charitable
expenditure in addition lo the dlrect costs.
gl Governance costs
Governance costs include those costs associated with meeting the conslilutional and stalulory
requirements of the charity such as the cost of board meetings, slalulory complian¢e and costs linked lo
the strategic management of the charity.
h) Tangible fixed ass8ts
Tangible fixed assets are slated al cost less depreciation, whlch is provided in annual inslalments over
the estimated useful lives of the assets. The rates of depreciation applied lo the assets are..
Computer equipment.. ILWi,
33⅓% slraighl line
Fixtures, Fillings & Office equipment.. ,
200/0 slraighl lin8
l} Pension costs
The charity conlribules lo the National Employment Savings Trust (NESTI Pension Scheme which is a
Workplace delined contribution scheme. The cost of the CDnlribulions is charged to the Statement of
Financial Acllviliès ISOFAI when the cost is incurred.
Il Gifts in klnd
Items gifted lo the charity are included either as incoming resources in the Statement of Financial Activities
{SOFAI or as an asset in the balsnce sheet. The valuation of such items is as deemed reasonable by the
Trustèes.
kl Critical accountlng estimates and areas of judgement
In the view of the Trustees, in applying the accounting policies adopted, no judgements were required that
have 8 significant effect on the amounts Tecognised in the financial slalements nor do any eslimales or
assumptions made carry a significant risk of material adjuslmenl in the next financial year.
Page 16

CARERS NETWORK WESTMINSTER
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2, INCOME FROM CHARITABLE ACTIVITIES
Unreslricted Restricted
Funds
Funds
2025
2025
Total
FLtnds
2025
Total
Funds
2024
Carer support and activities
The Nalional Lottery Community Fund
The Henry Smith Charity
London Borough of Hammersmith and
Fulham
City Bridge Trust
Royal Borough of Kensington and Chelsea
Weslminsler City Council
39.780
20,000
193,300
193,300
190,813
10,700
104,040
400,672
110,282
424,607
110,282
424,607
728,189
728,189
765,885
3. VOLUNTARY INCOME
Unrestrlcted Restricted
Funds
Funds
2025
2025
Total
Funds
2025
Total
Funds
2024
Grants for individuals
Donations and grants recewed
4,200
4,200
10.483
2,460
13.997
10,483
10.483
4,200
14,683
16,457
Donations and grants received includes donations of £12712024". £7341 we receive from SUPPDrlers
Ihrovgh the Global Giving plallorm.
Page 17

CARERS NETWORK WESTMINSTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 202S
4. INVESTMENT INCOME
Unrestricled Restricted
Funds
Funds
2025
2025
Total
Funds
2025
Total
Funds
2a24
Bsnk deposit interest
15,895
15,B95
12,757
15,895
15,895
12,757
5. RESOURCES EXPLAINEO ON CHARITABLE ACTIVITIES
Direct
staff
Costs
Other
Direct
Cost5
Support
Other
staff Support
Costs
Costs
Total
2025
Total
2024
Costs of Charitable Acllvities
Carers Support & Events
Governarice Costs
Raising Funds
459.871
61,172
184,386
21,112
8,523
76,776
15,834
4,205
782,205
36,946
12,728
703,359
44,578
9.950
459,871
61,172
214,021
96,81 S
831,879
757,887
Support costs are allocated lo activities based on an assessment of time spent by staff on each activity.
6. GOVERNANCE COSTS
Independent ExaminalionlAuclil fees
Trustee Support costs
Membership costs
Support Staff costs
4,418
9,010
2,406
21,112
7,563
13,106
3,185
20,724
36,946
44,578
Page 18

CARERS NETWORK WESTMINSTER
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
7. NET INCOMING RESOURCES FOR THE PERIOD
This is stated after charging..
2025
2024
Depreciation of tangible fixed assets
Loss on disposal of fixed assets
Independent ExaminerlAudilors' remuneration
9,220
2,166
4,418
8.530
2,165
7,563
8. TRUSTEE AND STAFF INFORMATION
al Trustees
No trustees received Temuneration durlng the year12024'. £Nill
The Chair was reimbursed £3,520 during the yÈar12024.' £4,424) lor expenditure on costs for care ol
dependents that wer? incurred in order for thè Chair to allend trustee business.
The Chair was provided with office equipment and st8tionery costing £219 during the year12024'. £601.
Trusteès received travel reimbursements of £58812024.. £67) in the year.
bl Staff
2025
2024
Salaries and wages
Social security costs
Pension costs
Seconded and agency staff
522,900
46,100
27,611
77,032
506,818
43,479
26,131
17,788
673,643
594,216
Key management personnel are the Chief Execullve Officer, and Head ol Service.
The lotal employ&e benefits ol the Charity's key management personnel wore £123,20712024'.
£120,266).
One employee12024.. 11 received emoluments between £70,000- £79.999 on an annualised basis
during the year.
The average full lime equivalent of staff employed by the chgrity during the period. including
seGonded staff was..
2025
No.
2024
No.
Governance and generating funds
Charitable activities
15
15
Page 19

CARERS NETWORK WESTMINSTER
{A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
9. TAXATION
The chartlable company is exempl from corporation lax on Its charitable aclivilies.
10. TANGIBLE FIXED ASSETS
Computers and
equipment
Cost
Al 1 April 2024
Additions
Disposals
48,715
13,91 q
Al 31 March 2025
62,625
Depreciation
Al 1 April 2024
Depreciation charged in the year
Depreciation eliminated on disposals
34,730
9.220
At 31 Maroh 2025
43,950
Net book value
At 37 March 2025
18,676
Al 31 March 2024
13,985
11. DEBTORS
2025
2024
Contract debtors
Accrued Income
Prepayments
106,886
3,710
12,604
3,834
13,035
123,200
16,869
Page 20

CARERS NETWORK WESTMINSTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade cledilors
Accruals
Other taxation and social security
Pensions
Other liabilities
4,125
5,946
11,254
3,765
369
2,608
14,359
12,309
3,457
1,290
25,459
34,023
13. COMMITMENTS UNDER OPERATING LEASES
At 31 March 2025 the charity had total future minimum lease payments under non-c3nGellable operating
leases as follows..
2025
2024
Total commitments
7,189
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restrlcted
funds
funds
2025
2025
Total
funds
2025
Total
funds
2024
Tangible fixed assets
Current assets
Creditors.. amounts falling due within one yèar
18,191
545,392
(24.5741
485
64,371
{885
18,676
609,763
125,459)
13,985
696,130
(34,0231
539.009
63,971
602.980
676.092
Page 21

CARERS NETWORK WESTMINSTER
IA company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
15. MOVEMENT IN FUNDS
Brought
Incomlng
Forward Resources
1 April
2024
Resources
Expended
Transfers
Carrièd
Forward
31 March
2025
Restrlcted Funds
End of Life Carers Project
Carers Found Project
Csrers Counselling Project
Inclusive Communication Project
Carers Trust Individtjal Grants
79,872
7,184
18,204
2,837
{43,6481
14781
36,224
6,708
18,204
2,837
4.200
14,2001
Total Restricted Funds
108,097
4,200
148,3261
63.971
Unrestricted Funds
General Fund
567,9g5
754.567
1783,5531
539,009
Total Unrestricted Funds
567,995
754,567
{783,5531
539,009
TOTAL FUNDS
676,092
758,767
1831,8791
602,980
q6. PLIRPOSE OF RESTRICTED FUNDS
End of Life Carers Project
This is a ffagship project which commenced in October 2014 to provide support to Ènd-of-life carers in the
City of Weslminster, London Borough of Hammersmilh & Fulham and Royal Borough of Kensington &
Chelsea. 11 is a dedicated support Servi￿ for adult carers providing unpaid care lo a friend or relative who
has been diagnosed with 8 terminal illness, or is 80 or over, and has general frailty andlor co-existing
Gonditions or is in a residential Dr nursing home.
Page 22

CARERS NETWORK WESTMINSTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16. PURPOSE OF RESTRICTED FUNDS Icontinuedl
The current cycle of ftjnding commenced in October 2020, and during this financial year £20,000 was
received from The H6nry Smith Charity and £39,760 was received from The Nation81 Lottery Community
Fund.
In February 2025 an independent evaluation of the End of Life Carers Projectwas conducted by Civil Society
Consulting CIC. They found il is a highly impacllul project that significantly increases the wellbeing of EOL
carers who receive support., enhances their wellbeing through provision of tailored, PTaclical and emotional
support,. successfully reduces social isolation among EOL carer5', excels in empowering EOL carers through
the provision of information and practical supporl., and indirectly empowèring cared-for individuals.
Carers Found Project
This is a major project running from February 202D lo September 2025, th21 will identify 240 hidden and
hard-lo-reach unpaid carers in the City of Weslrninsler, the London BoroLJgh of Hammersmilh & Fulham and
the Royal Borough of Kensington 2nd Chelsea. Carers Found will enable peDple who are excluded through
isolation or other barr(ers lo live more fulfilling lives by offering them personalised support in their caring role.
A grant of £20,000 was received frorll The Garfield Weston Foundation in February 2020. followect by grants
of £105,200 over three years lo September 2025 from City Bridge Trust lo cover the salary of a Community
Development Officer. plus related volunteer costs and overheads, and independent evaluation of the project.
During this fir¢ancial year £10,700 was received from City Bridge Trust.
Carers Counselling Project
Commencing in September 2020, the Carer5 Counselling Project established a new counselling service for
up lo 48 older, unpaid carers in conjunction Goldsmiths University of London and London and South East
Colleges, Ioc21 unpaid carers are offered up to 12 one-on-one sessions of psychodynamic counselling to
improve their ment81 health due to more positive behaviour and increased resilience, along with decreased
isolation and loneliness,
Grants of £10,000 in July 2020, £8,000 in October 2021 and £8,000 in September 2022 were re￿iVed from
Weslminst2r Amalgamated Charity lo be ulilised lor older, unpaid carers Tesiding in the City of Weslminsler.
A further grant of £15.000 was received in October 2020 fron7 the Independenl Age Grants Fund lo be
ulilised for older, unpaid carers residing in the London Borough of Hammersmith & Fulham and the Royal
Borough ol Kensington & Chelsea.
Inclusive CommunicatiOlJ5 ProJect
In November 2021 a giant of £5,000 was received from Carers Trust In support of more inclusive
communications for the Carers Found Project (see above). In close Collaboration with community
organisalions, the project raises awareness among unpaid adult carers from hidden and hard-lo-reach
communities about their caring role and Gorresponding rights and entillemenls.
Carers Trust Individual Grants
As a Carers Trust Network Partner, Carers NebNork is able lo apply to Carers Trust on behalf of individual
unpaid carers lor sm211 one-off gran16. Typioally, these are for the purchase of essèntial household
equipment or repairs. 100 /0 of the amount8 received are immediately paid out lo the claimant.
Page 23

CARERS NETWORK WESTMINSTER
(A company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
17. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2025
2024
Net lexpenditurellincome for the year las per Statement of Financial
Aclivilies)
Adjustment for..
Interest receivable
Depreciation of tangible fixed assets
Loss on disposal of tangible fixed assets
Decreasellincreasel in debtors
IDe¢reasellincrease in creditors
173,1121
37,212
115,8951
9,220
161
1106,3311
(8,5641
112.7571
8.530
2,166
15,112
21,840
Net cash provided by operatlng activities
1194,S211
72,1Q3
18. PENSION COMMITMENTS
Carers NebNork Weslminsler opèrates a defined contribution Workplace pension scheme through the
National Employment Savings Trust INESTI which is available lo all employees. Ttrie charge for the year
represents the arnounls payable by the charity lo Ihe scheme, which were £27,61112024 - £26,131).
As al 31 March 2025 contributions of £3,76512024.' £3,457) were oulslanding, which were paid over to the
scheme in April 2025.
19. RELATED PARTY TRANSACTIONS
There were £Nil12024.' £Nill related party transactions during the year.
20. CONTROLLING PARTY
The Charity is controlled by its Members.
Page 24