Charity Reglstratlon No. 1103568 Company Registration No. 49145881England and Wales) LEICESTERSHIRE CARES LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 SOMERBYS LIMITED CHARTERED ACCOUNTANTS 30 NELSON STREET LEICESTER LE17BA LEICESTERSHIRE CARES LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees J Amold J Bowler K Holdsworth M Mahomed N Mills M Srnith K West hlef Executlve K Breen Charlty number 1103568 Company number 4914588 Prlncipal office 42 Towef Street Leicesler LE16 Registered offlce 30 Nelson Slieel Leicester LE1 7BA Audilor Sornerbys Limited 3Q Nelson Street Leicester LE1 7BA Bankers CAF Bank 25 Kings Hill Avenue Kings Hill Wesl Malling ME19 4JQ LEICESTERSHIRE CARES LIMITED CONTENTS Page Trusiees, report Statement of trustees, responsibilities 10 Independent audilor's report 11-13 Statement of financial athvilies 14-15 Balance sheet 16 Statement of cash flows 17 Noles to the financial slatemenls 18-34 LEICESTERSHIRE CARES LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 The liuslees are pleased lo present their report together with the financial statements of the charity for the year ended 30 June 2024. Constitution Leicestershire Cares Limrted is a company limited by guaranlee and a registered Charity governed by its memorandum and articles of association dated 25 September 2003. Directors and trustees The diredors of the chantable company ("the chafity") are its trustees for the purpose of charity law and IhroughDLrt Ihis report are collectively referred to as the trust*e$. The Board of trustees shall be not less than three but is not subject to any maximum and rneets at least quarterfy to administer the charity. One third of the trustees, who are subjed to retlrement by rotation. shall retire from office and be subject lo reappointment by the members at each Annual General Meeting. The truslees may appoint a person who is willing to act as a trustee to fill a vacancy Of as an addrtional truslee. A trusteè so appointed will hold office until the next following Annual General Meeting and sh811 be subject to reappointment by the members. Trustees are given an appropriale period of induction and training. This is dependent on the individual's requirement5 and knowledge of Ihe charity's activities. All truslees are reminded of their statutory obligations and given appropriate guidance and training on their responsibilities as Irustees. The Chair of the Board assesses the skills and conlribulion of each truslee during the year to ensure all are contributing appropriately to the charity's management. The trustees have the objective of seeking lo develop a Board with appropriale skills, experience and diveisity Tepresentative of the issues and areas in which the charily operates. Any such changes lo the Board will continue over lime bul all appointments will be based on merit. The Iruslees who served during the period were: M Smith (Chair) J Arnold J Bowlei K Holdsworth A King (Resigned 24th July 20241 M Mahomed N Mills J Mollart {Resigned 24 July 2024) L Warren (Resigned 24 July 2024) K West (Appointed 24 July 2024) None of Ihe Iruslees held any interests in the charity dunng the year Some Of the trustees who served during the year were employees or representatives or members of local businesses which supported Leicestershire Cares Limited during the year. Kieran Breen, Chief Eie¢tslive. manages Ihe day to day operations of the charity. supporied by a team of staff. Kieran has been in post since 12 December 2016. His remuneralion is agreed by the Board. LEICESTERSHIRE CARES LIMITED TRUSTEES. REPORT (CONTINUEDI(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 JUNE 2024 Public Benefit The Trustees confirm that they Gomplied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charty Commission's general guidance on public benefit. They have referred lo the guidance in the Charity Commission'5 general guidance on public benefit when reviewing aims and Objectives and in planning future activrties. Our vlslon An inclusive and safe Leicester, Leicestershire and Rutland where nobody is refl behind, gnd all children and young people are supported to reach their fijll potential. Our mlsslon We broker partnefships and cre8te opportunities across Leicester, LeiGestershire and Rulland that enable the business se¢toi lo understand community needs, Contribute to Ihe growth of inclusive, safe communities and 10 support and inspire Ghildren and young people in theii transition to the workplace. Our valués We belleve in partnership We broker partnerships between business, local government, schools and comrnunily groups so they can share skills and knowledge lo deliver lasting p05iti¥e change for disadvantaged gfQUPS and individuals. We ￿lieve In the power of employee volunteerlng We believe th81 employee volunleeTillg enables volunteers. community grDUPS and individuals to develop skills an¢J understanding and thal this is a highly effective way of strengthening communities and increasing employee engagement. We focus on impact and ensurin9 the work we ￿rry out delivers meaningful and lasling positive change. We are inspiring We inspife people and organisations to identify their aspirations and to reach their lull potential by thinking creatively and testing innovative approaches. We are Inclusive We seek to leam from the riGh cultural diversity of Leicester, Leicestershire and Rutland and lo build cohesion across community groups and to remove barriers to pe¢ple's participation. We are ¢ommltted to learning and devftloprnent Wè conlinually review community needs and are agile enough to adapt and improve the services we offer to work in a rnulually beneficial way with relevant organisations. LEICESTERSHIRE CARES LIMITED TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 JUNE 2024 KEY STATISTICS AND ACHIEVEMENTS Over the last year our ability to be creative and agile enabled US to respond quickly to the many challenges. Our team were con51Stently able to broker partnerships, which developed and delivered high quality. high impact, award winning work that included.. AWARDS EMC BusinessAwafds 2023. Leicestershire EduGation and Business Parlnership Winner British Charnbers of Commerce IBCC). Chamber Business Award in the Community Champion category for the Easl Midlands region Winner Coram Voice A National Voice Awards 2023. Participation award Shortlist UK Enlerprise Awards 2024, hosted by SME News Best Business & Community Support NPO 2024 East Midlands Winner VAL Awards 2023, Charity and Business Partnership ol the year Finalist EDUCATION 291 business volunteers from 90 companies 8UPPOrted 5,400 young people across Dur city and county to develop their employability skills through a diverse range of workshops and mock interviews both face lo face and online. In addition, our new projectAltogether Now provided inilial support to 22 SEND young people, which included one to one, group work and Iraining, all ot whi¢h developed their confidence and employability skills. CARe EXPERIENCED YOUNG PEOPLE *Ve have engaged 129 Care Experienced Young People through our Powerring Up Projecl and an additional 52 individual UnaGG¢mpanied Asylum Seeking young men through our Powering Up Football. 56 of these young people have gone inlo employment, eéucation. or Iraining. Oui young people have engaged in a range of one to one. social and employability activities to Improve Iheir confidence, self esteem and iesilience to help them face the lrfe challenges ahead where parental and familial support would normally slep in. Young people on our 'JoiTring Up Joining in Project. played a key role In working with DeDorah Taylor, Deputy Leader: Lead Member Children & Families, Leicestefshire County Council in persuading the county council lo recognise care experience as a proteded characterislic. YOUTH JUSTICE 31 business volunteers partnered with siaff to support 66 young people. 35 went Into educatpon or Ir8ining. 83•/0 report improved attitudes, thinkin9, and behaviour, 83% feporl ieduced likelihood of offending and 790h report improved kno¥v18dge around disclosure al Job inlerviews. HOMELESS PROJECT 252 young people supported Ihrough one lo ones and group work. Drop in clinics in Gommunty groups offerin9 benefits and debt advi*rfe werè offered on a weekly basis. LEICESTERSHIRE CARES LIMITED TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 JUNE 2024 MONEYWISE LIVING Energy efficiency advice given to 167 people in six community and neighbourhood settings across Leicester Cty- This led to people saving money on bills, knowing more about thetr rights and being more confident when dealing with landlords and utility companies. EXHIBIT CREATIVE ARTS PROJECT Our Exhibit project provides a cross cutting creative element to our current CYP Projects. In the past year v have engaged 50 individual yOLsng people into arts adivrties. giving them an opportunity to develop a wde range of skills and confidence. whilst also sharing their concems and issues in a creative way. COMMUNITY DEVELOPMENT 187 young people have participated in our neighbourhood and outreach youth activities. These have been delivered through a wide range of neighbourhood, community. pop up and outreach settings. 120 business volunteers delivered 19 leam challenges providing a wide range of pradi¢al support lo community groups across Ihe city and county. 20 businesses d¢nated 932"Bag5 Of Hope. which were dislributed to people in need throb'gh a ne￿ork of 29 Community groups. 102 business volunteers supported 10 communily groups with festive challenges which inc5uded providing lunches and celebrations, 19 business members provided 1.430 Easter Eggs to 27 community groups to distribute to children in need across Ihe cily and couThly PROGRAMME UPDATES Our city and county continue to face many challenge5 which are exacerbated by poverty. Research by Loughbofough University Showed 40 per cent of children in the city are living in povety and many of Ihese have at least one parent who is woiking. Within Ihe county child poverty conlinues to hover around 10 to 20 percent. depending on the locBlion. Alongside this Leicester City C¢uncil has shared that it is preparing to declare rtself bankrupt whilst also making cuts lo vilal services. The county and district councils are all making significanl cuts lo serwices which leads to a silualion where an increase in poorer people goes hand in hand with culs to the services they look to for support_ In addition to these social Issues and challenges, the local economy and business sector are struggling. 80 percenl of businessès in Leicester are SMES and Ihe knock on effetts of Covid 19 lockdowns and energy price increases have hit them hard. Many are struggling to survive and talk about challenges in recruiting and retaining employees, hold up5 in supply chains and increases in production costs pushing them to the brink. "I cannot ￿call a tougher time ID be wothing in the con7rnunity. everywhe￿ I look lhe￿ a￿ CUES in serviGe5. a huge i￿￿eaSe in poverty arid faffjilies afMI young people in need, ￿1h nowhe￿ to go for sUPPOrt they dese￿e. Community Leader Leicesler East Chlldren and Young People Odr work wrth children and young peoplp has main areas of operation. LEICESTERSHIRE CARES LIMITED TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 Educatlon This academic year our reach to mainstream schools has Temained impressive wi*h over 5,200 students inter2Ctin9 With our business volunteers for career talks and mock interview skills. We have delivered to ten individual mainstream schools aGross the city and county. seven of which are identified as educating the most deprived students in the cily and counly area. We have Gontinued to recruit high qualty 8nd diverse volunleeis from our bu5ine55 member pool and beyond with 261 volunleer placements from 90 individual companies and 10 retired professionals wilh backgrounds in policing. military, psychology and library services. We have engaged effectively with ihe local STEM Ambassador programme, recruiting 20 STEM ambassadors to ensure ihat youn9 people are educated on the wide range of STEM ielated careers that exist as part of the"East Midlands Engine, and in turn complement the skills training priorihes as set out by the LLEP. We have continued our work In SEND schools and through our'Aftogether Now. project which works with post 16 students in SEND Schools, we have engaged over 200 individual students into bespoke inlerve4lions such as world of work tours. CV workshops, careèrs lalks and mock intepiiews, 19 business volunteers have supported this work and the number is sel lo grow in the coming academic year. This will give a real boost lo the career aspirations of SEND young pecple. Youth Work Our youlh work projects target d15advantaged and vulnerable young people, many of whom are care expeiienced, NEET, living in i15ecure or temporary accommodation or are ex-offenders. In addilion, many have issues relating lo physical and mental wellbeing, alcohol and drugs. managing money and domestic abuse. Many of the young people we work with are separated from their families and 40 per cent are from African, Afro Caribbean, Asian and East European backgrounds. Using our Power to Change approach our skilled staff, volunleers and partners have Power Wthin. Supported a diver$& range of young people to deal with a variety of issues which range from wellbeing to housing. relationships lo debt, and sexual exploilalion and isolation. Power Wth. As well as supporting youn9 people individually we are keen to support them buildin9 links 8nd connections with their peers, local community groups, businesses and relevant public sector agencies. This has varied from employability 5es5ions, to work lours lo onewoff projecls and regular dropin sessions. Both Ihe young people and 51aff fiom the various business, community and public sector agencies who attend find this 'connection' really helpful in building underslanding and challenging stereotype5. Power To. As and vihen young people sort oul their immediate issue5 and develop their inlerpersonal skills and connections. they oP4en use the skFlls and knowledge they have developed to move on in life. At the immediale and praclical level , this most often mean5 gettiny into educalion. employment or training. However. many of the young people also feel Ihey want to share their eXperien￿S and ifftprove Ihe policies and systems that impact o their life. This has seen young people we work with partnerin9 Wlth local councillors lo persuade the county council tc recognise care experience as a protecled charactenstic. It has also seen the young people producing podcasts and vide05 that raise awareness and meeting w',th a wide range of loGal and national decision makers to shafe their lived experience and recommendations. LEICESTERSHIRE CARES LIMITED TRUSTEES. REPORT (CONTINUEDIIINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 A new addits'on to our work is the Exhibit projed. The Exhibit project provides a cras5 cutting creative element to our curreit CYP Projects. In the past year we have engaged 50 individual young people into arts activities We have purchased high quality equipment lo enable young people to participate in podcasting, music and video production. The grovp have taken their talents on the road. performing at Ihree local music festivals in Ihe city so far. We have engaged volunteers from Alltruck PLC and Pochin to as5i5t in our Hoodie Design Day targeted at our young people who are involved in the criminal justice system. The hoodie rjay helped young people explore their 'personal brands" in a Grealive way whilst engaging in employability support V￿th our business volunteers. We have also used arts based approaches lo support women who are vulnerable lo sexual exploitation to explore issues and develop their awareness and confidence. Communlty Development Our community development work has conlinued to support a wide range of local community groups across Leicester. Leicestershire and Rutland. Key lo our approach is the community, business gnd public sector are woiking together in 8 creative and agile way and seeking to ens(tre that everybody can Ihrive. Qver the last year we have pul a strategie focus on working directly with young people in disadvanlaged neighbourhoods as well 8$ SUPPOrting 8nd developing the capacity of community groups in these neighboufhoods. This has enabled us to: Powef Wthin. We support frontline grassroots community groups who offer support and help io people in need with Iheir immediate pressing issues. We have had a focus on hornelessness and ener9y efficiency but have also sought to support efforts suGh as food banks and holiday hunger schemes. Power IMth. We continue to bring community groups togethef wth young people through our #PowerToChange community partners forum, This has enabled them to share issues and con¢ems.11 has also enabled them to offew each other support and to share knowledge and expertise on local issues. We also work 8$ Part of the Moneywise Living coalition lo provide energy efficiency advice and support to people in need across Leicesler city. Power To. We support community groups offering longer term support to communities and young people, which might vary from sorting out housing issues to seeking a job or getting back into education or training. Our #PowerToChange community partners nemiork has enabled grassroots community groups lo share their frontline experience with national pressure groups such as the Centre for Socal Justice {csJ), as well a5 local council staff and councillor5, the NHS. the Violence Reduction Netsvork (VRN} and the Office of Police and Crime Cofflmissioner IOPCC), our belief being that if these agencies undgrstané and tackle root causes of issues, they are likely to be far more effective. Envlronment Our green working group continues to support the team tL) work in an environmentally friendly way. We also pioaclively seek to offer green opportunities to community partners lo support the local community, which for example rnighl include clearing a rivefbank or providing old IT equipment to be upcycled and passed onto people in need. LEICESTERSHIRE CARES LIMITED TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 JUNE 2024 Divet51ty and Incluslon LeI￿Stershire Cares strongly supporls the principle5 of diversity anij equal opportunities in employmenl and service delivery. Moreover. it lakes pThde in offering flexible arrangements to meet the diverse needs Df drfterent staff and participants in OUT projects. OUT annual staff survey shows that staff value the way we are flexible and crealive aroond WOTking patterns and feel that we seek to listen to and work with them. We See this as an area of ongoing leaming where we learn through refleGting on practice. The work we do With diverse Community groups and SEND young people feeds into our ongoing refleGtion and learnin9. Fundln9 As wtlh all medium sized charities funding can be a struggle but we are fortunate lo have a diverse funding base. Imlh funding for projects secured from for example, Esmee Fairbaim Foundalioi, The National Lottery CDmrnunity Fund, Segelman Trust, Lloyds Bank Foundation, Edith Murphy Foundation, Henry Smith Charity, VRN and LLEP. We have won new funding from the UK Shared Prosperity Fund (UKSPF} ID fiJnd oui energy efficienty work and from People's Postcode Lottery to fund OUT arts work. In addition io funding from donors we continue to have income streams from business partneTS and schools. as well as $orne donations from hlgh net worth individuals and small local charities. ive are always clear Ihat we wlll only seek and 8¢¢ept funding that adds value to cur #PoweTToChange vision. We continue to seek lo maintain unrestricted reseTres to our target of nine month's core activty expenditure. We are very aware that the next few years could be uncertain so we are keen to ensure we have the reserves necessary to see us through the stop.start r￿tUre of donor funding. PR and Brandlng Vve continued to work with Rock Kitchen Harns to impiove and simplify key messages about our work. We are putting a key frxus on how we talk about youth and community development issues to the business sector in language they understand. We continue to have a large social media presenG8 across a range of platforms and many of our donors and partners comment favourably on our efforts to raise and share local issues. We also developed and signed off a social media policy. whith all stsff have been trained up on. Monitoring and Evaluatlon We are strongly committed to reflecting on the learning arising from our practice so we can Improve our performan￿ We have a results based management system that set5 goals. activities. outputs and KPIS for all our work. Whilst we have irnproved significanuy our ability lo capture 'har(J" data. we are keen to develop our ability to capture softer outcome5 and uninlended outwrnes arising from our wcrk. We also wait to develop our capacity to use creative methodologies lo do this such as videos and podcasts. We are keen lo do this in partnership wilh the young people we work with. We feel this will not only engage young people but make il more likely that people will Interact with leaming arising from our work. LEICESTERSHIRE CARES LIMITED TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 Board We have a very experienced and strong board Ihat brings a wide range of skills and expertise lo Leicestershire Cares. The Board continues to be focused on maintsining a slrong financial posstion for the ¢harily and a clear and sustainable vision and slfategy for the future. Reserves Policy and Rlsk Management The Board monitors progress against Ihe strategic obiedives and a comprehensive business plan is developed for each year. As part of this process the Board addresses the risks facing the charity by Ihe appropriate implementation of procedures and systems to mitigaie a98inst these risks. Adequaty of funding is regarded Bs a significant risk and the Board has a continual project for membership expansion and securing funding for key worker posts beyond one year. The significant intemal risks are minlmlsed by the implemenlalion of procedures for authorisation of all transadions and projects and to ensure consistent delivery of activities to the comrnunity. The Board has considered Ihe appropriate approach to reserves and has set an objective of building free reserves, over lime, lo cover nine m¢nlhs of Core activity expenditure, by retaining a proportion of ils unrestricted income each year. As well as this, the Board will consider any amounts Ihat would fall due should there be a need to meet redundancy and unexpired lease commitments. The Board is confident that there are sufficient restricied1£99.519) and unrestricted funds {£427.200) at the year-end and income to enable it to fuffil its working caprtal requirements foreseeable at the time of this report. The reserves policy will be kept under review and free reseNes will conb'nue to be held al a level the Board Gon5rders appfopriate for the charity's activities. The charity invests any suiplus tunds In Interest bearing bank accounls and does nol engage in investments in shales, bonds 01 other finan¢ial instruments. Flnanclal Results LeI￿stershIle Cares derives its income from a variety of sources Membership income is unrestricled. and this year amounted to £70.845 (2023 . £75.248). Other significant income 1$ generally restricted and relate5 to contfibulions for specifi¢ activities. Reslricted income in the period amounted to £453.052 (2023- £468,815)- AII restricted adivities are in lire with the charity's obiedives. At Ihe period end there is a balance of £99,519 {2023 - £92.153) remaining in the reslricted funds. This relates to unexpended amounts in respect of onrygoing projects and il is expected this will be utilised in the next financial period GDPR During the year we took the necessary aclions to ensure we operated in comph'ance wilh GOPR. Wèllbeing We are strongly cornmitted to ensuring the physical and mental wellbeing of our stsff, siaff ¢onsisteF)tly share in confidential surveys and in team meetings thal Ihey feel Supporled by Leicestershire Cares and their wellbeing is taken seriously We have an adive social committee bvho organise a Tange of fun and celebratory events for all staff lo enjoy Ihroughout the year We also have an employee assistance programme and death benefit scheme. LEICESTERSHIRE CARES LIMITED TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 Volunteern, Partners and Stafl The success of Leicestershire Cares grows out of1he partnerships we have with business, community and local govemment and the creativily. agility and the hard work of our volunleers and staff. We thank Ihem all for their efforts and ¢ommilment during this period. Plans for the Futur• The charity plans to Gontinue the 8Ctivities outlined above for the forthcoming year. subject to continued fin8ncial support. We will continue to PTofTiole the aims of the charity and io search for opportunities for further funding in order to secure the projects of Ihe chaTIty. Related Partles The charity has relationships with members and local businesses with whom some trust885 have an interest. These are detailed in note 19 to the accounts. All such Iransartions are carried out in the pursuil of the charity's objectives. Statemen¢ of dlsclosu re to auditor So fai as each person who was director at Ihe dale of approving this report is aware, there 15 no relevant audit inforrnalion of which the company's auditor is unaware. Additionally, the directQ,"s individually have laken all the n¢¢essary steps that they ought to have laken as diredors in order to make themselves aware of all relevant audit information and to establish thal the company's audilor is aware of Ihat information. This ￿port has been prepared in accordanGe with the provisions applicable to companies entiltled to the small comp2nies exemption. Audltor A resolution propos',ng that Somerbys Limiled be reappolnted as auditor of the charitable ccmpany will be put to the Annual General Meeting. Appr¢ved and signed on Iheir behatr by Martin Smith Chair Martiri Smilh IDec3,202410.'19 Gmn 26 November 2024 LEICESTERSHIRE CARES LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2024 The Irustees, who are also the directors of LeicestershiTe Cares Limited for the purpose of company law. are responsible for preparing the Trustees. Report and the financial staternents in accordance with applicable law and Uniled Kingdom Accounting Standards {United Kingdom Generally Accepled Accounling Pradicel. Company Law requires the trustees to prepare financial statements ft>r each ffinancial year which give a true and fair view of the stale of allairs of the charity and ol the incoming resources and applicalion of resources. including the income and expenditure. of the Charitable ¢ompgny for that year. In preparing these financial statements, the trustees are required to- select suitable accounting policies and then apply them consistenlly. observe the methods and principles in the Charities SORP,. Make judgemenls and estimates that are reasonable and prudent.. slate whether applicable UK Accounling Slandards have been followed, subject to any malerial departures di$dosed and explained in the financial ststement5- and prepare Ihe financial stalemenls on the going concem basis unless it is inappropriale to presurrE that the charity 11 continue in operation. The Irustees are responsible for keeping adequste accounting records that disclose with reasonable accuracy at any time the financial position of Ihe charity and enable them to ensure thal the finan¢ial statements comply with the Companies Acl 2006. They are also responsible for safeguarding the assets ol the chariiy gnd hence for taking reasonable sleps for the prevention and detection of fraud and other irregularities. 10- LEICESTERSHIRE CARES LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEICESTERSHIRE CARES LIMITED oplnlon We have audited the accounts of Leicestershife Cares Limiled (the 'charity'i for the year ended 30 June 2024 which comprise the Statement of Financial Aclivities, the Balance Sheet , Cash Flow Statemènt and the notes lo Ihe accounts, including a summary of Significant accounting policies. The financial reporting framework that has been applied in theii preparation is applicable law and United Kingdom Accounting Standards, including Finan¢ial Reporting Standard 102 The Financial Reporting Standard applicable in Ihe UK and Republrc ol Ireland {Uniled Kingdom Generally Accepted Accounting PractlC8). In our opinion, Ihe financial statements: give a true and fair view of the stale of Ihe charitable company's affairs as at 30 June 2024 and of its incoming resources and application of resources, induding its income and expenditure, for the year then ended, have been properly prepared in accordance with Llnited Kingdom Generally Accepted Accounling Practi￿. and h8ve been prepared in accordance with the requirements of the Companies Acl 2006. Basis for opinion We ¢onducled our audil in accordance with International Standards on Auditing IUKI ', which are recognised in Ihe year lo which they relate. Income re¢eived by the way of donation and gifts., vthich is re¢ognised in full on receipt. Vvhere servi¢es or faulitses have been donated and Ihe benefit to the ¢harity Is ressonably quantifiable and measurable. the In¢oming resouices have beén rec￿niSed in the Statemenl of Financial Activities. The value placed on those donations is the price the charity estimates that it would pay in the open marrfel for a service or tscility ot equivalent utility to Ihe charity. The value of serwices provided by Ihe volunteers 15 not included Membership incorne is recognised eventy over the period of membership. Income is defeffed where income has been received in the year which relates to future periods. Inweslmep.t income., which is reco9nised when receivable. D¢naied Se￿iCe$ are recognised as Ihey arise end gre matched to Ihe appropriate ¢ost. 18- LEICESTERSHIRE CARES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accountlng pollcles Icontlnued) 1.5 Resources expended Expenditure is recognised once the￿ is a legal OT constructive obligation to transfer economic benefil lo a third party, il is probable that a transfer of economic benefits will be required in settlement. and the amount of the obligation can be measured reliably. Expendrture 15 cl?ssified by activity. The costs of each aciivity are mede up of the total of direct costs and shared cogts, including support costs involved in underlaking each activity. Diied costs attributable to a single activity ale allocated directly to that a¢livily. Shared Costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those adivities on a basis consistent with the use of resources. Cenlral staff costs are allocated on the basis of Iirne spenl. and depre¢iaiion chargÈs are allocated on the portFon of Ihe asset's use. All resources expended are accounied for on an 8ecruals basis and have been allocated lo the heading that best descnbes the expenditure incurred, as descn'bed below., Cosls of raising fund5', which are1he costs of generaling incoming ￿SOurCeS from all sources other Ihan from charitable activities. Charitable aclivities, which are 811 the costs applied by the ¢harity in undertaking its work to meet ils charitable objectwes. Core Costs comprise costs not direclly attributable to specrfic projects. 1.6 Tangibte fixed assets Tangible fixed assets are inltially measuied at cost and subsequenlly measured at cost or valualion. nel of depiecialion and any impairment losses. Deprecialion 19 recognlsed so as to write off the cost or valuatTron 01 assets less their residual values over Iheir usefiAI lives on the following bases: Leasehold Improvements Fixlures and fitting5 Computer equipmenl Over the term of the lease 25Qh straight line 251330/0 slraight line The 9ain Of loss arisin9 on the disposal of an assel is determined as the difference between the sale proceeds and the c8rying value of the asset, and is reco9nised in the Statement of Finan¢ialActivities. 1_7 Impaimient ol fixed assets At each reporting end date. the charity reviews the carrying amounts of its fixed assets to determine whethei Ihere is any indication that those assels have suffered an impairment loss. If any such I ndicalion exists, the recoverable amount of the asset is estimaied in order to detèrmine the extent of tbe impasrment. 1.8 Ca$h and cash equlvalénts Cash and cash equivalents include cash in hand. deposits held at call with banks, other $hort-lerm liquid investments Wlth original maturities of three monihs or less. and bank overdrafts, Bank overdraft$ are shown within borrowings in current liabilities. 19- LEICESTERSHIRE CARES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accountlng policles (Contlnued) 1.9 Financial instruments The charrty has elecl?d to apply the provisions of Section 11 'BasiG Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial Instruments. Financial instrumènts are recognised In the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial asset$ and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounls and there is an intention to settje on a net basis or lo realise Ihe a5sel and settle the liabilty simultaneously. Baslc flnanclal assets Basic flnancial as5els, whi¢h Indude debtors and Cash and bank balanGes. are initially measure¢l at transaction price including transaction costs and are subsequenlly Carried at amortised cost usin9 the efledive interest method unless the arrangement constitutes a financing transaction. where the transaction is measured 8t the present value of the future receipts discounted at a market rate of interest Financial assets classified as receivable within one year are not amortised. Basic linanclal liabilities Basic financial liabllilies, including credilows and bank loans. are initially recognised al transaction price unless the arr8n9ernent Constitutes a financing transaction. where the debt instrument is measured at the presenl value of the future receiots discounted 8t a market rate ol inteiesl. Financial liabilities classified as psyable wilhin one year are not amortised, 1.10 Employee beneflts The Cost of any unused holiday enb'tlement is fecognised in the period in which the employee's seNices are re¢eived. 1.11 Retlrement beneflts Payments to defined contribution retiremenl benefit schemes are charged as an expensè as they fall due. Clltlcal a¢¢ounllng estimates and Judgements In the application of the charity's accounting policies, the trustees are required to make Judgements. eslimales 8nd assumptions about the carrying amount of assets and liabilities that are nct fea¢Jily apperenl from Olher sourcEs. The estimates and associaled assurnptions are based on historical experience and other factor5 that are considered to be relevant. Actual results may differ from Ihese estimates. The estimates af)d underlying asstsmptions are reviewed on an ongoing basis. Revisions lo accounting estimates are re¢ognised in the period in which the estimate is revised where the revision $ffects cnly that period. or in the period of the revision and fuluie period5 where the revision affects both current and futu periods. Critical judgomfrnts There are no critical judgernents (apart from those involving estimales} in applylng the ¢¢mpaDy's accounting policies. -20- LEICESTERSHIRE CARES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Crltical a¢counllng esllmates and Judgements (Continued) Key sour¢Ès of estimation uncetlalnty The estimates and assumptions which have a significant risk of causing a material 8djustment to the carrying amounl of assets and liabilities afe addressed below- i) Useful economlc lives of langible assets: The annual depreciation charge for tangible assets Is sensiiive to changes in the estimated useful economic lives and residual values of the assets. The vseful economic lives and residual values are reassessè annually. They are amended when necessary lo reflect currenl eslimates. based on technological advancernent. future investments. economic utilisalion and Physical ¢ondition of the assets. See aceounling policy note (above) for the useful economic lives for each class of assets. 111 Expenditure allocatlons: Expe.nditiirp. is apportianed betrween ftJnd% and projects. .21 LEICESTERSHIRE CARES LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Donations and grants Unr•$trlcted funds Restrlcted lunds Total 2024 Tolal 2023 Grants {see belowl Donatlons Olhei general donations 453,052 453.052 468,815 58,339 58,339 69,842 58.339 453,052 511,391 538.657 Graftts Education Edilh Murphy Foundalion Thomas Pocklington Trust Leicestei Cty Council 30.000 30,000 50.000 3,760 27,000 30,000 30.000 80.760 Making Moves Nationwide 23,537 23,537 24,419 23,537 23.537 24,419 Power lo Change The National Lottery Community Fund 103,978 103.978 100.117 103.978 103,978 100.117 YES The National Lottery Community Fund 89,239 89,239 M¢neywise Living UKSPF 23.943 23.943 23.943 23,943 Powering Up Esmee Fairbaim Other 84.457 84.457 75,1 SS 4,486 84.457 84.457 79,642 Community Development Other 2,190 2,190 -22- LEICESTERSHIRE CARES LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Donations and grants (Contlnued) Yoirth Justice pcc Other 81,249 1.500 81,249 46,000 1.500 1,060 82.749 82.749 47,060 Y Heritage YMCA 1.293 1,293 Leaving Care pc¢ 457 457 Joining Up, Joining In Blagrave Trust 44.3D4 44,304 40,278 44.304 44.304 40,278 Altogethei Now Henry Smith 46.335 46.335 46,335 46,335 Exhibit People's Postcode Lottery 13,749 13,749 13,749 13.749 Projecl Pony LeicestershiTe County Council 3.360 3.360 453.052 453,052 468,815 -23- LEICESTERSHIRE CARES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 30 JUNE 2024 Other Irading activilies 2024 2023 Membership income Schools partnership Mis￿lIaneOUS Ror)m hire 70.845 14,000 3,701 6.846 75,248 25,718 1,106 4,141 95,392 106,213 -24- U)C¢M￿or)0¢3)tt?WalVffJ ¢D*Xp i ai (c• V> rfi y •n- QV?¢irytri Ic>¢o fo iy) In o G) (nO'. Fees payable for the audil of the charity'5 financial slatements Depreciation of owned tangible fixed a55ets 5,200 8.548 4,800 10.562 Trustees None of the twstees (or any persons ¢¢nne¢ted with them) received any remuneration or benefits from the charity during the year. Employees The average number of employees durin9 Ihe year was: 2024 Numbgr 2023 Number Chief Ex￿UtiVe Education YES Makin9 Moves Moneywise Living Y Heritage Youth Justice Powering Up Power lo Change Joining Up Joining In Altogether Now Prolect Pony Adrninistralion and support Tolal 16 17 On a lull time equivalent basis the total average number of employees was 7 (2023 - 9). Employment costs 2024 2023 Wages and salaries Social security costs Other pension ¢o$ls 437.110 34.896 20,120 403,584 29.635 17,122 492,126 450,341 -27- LEICESTERSHIRE CARES LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Employees (Continued The number of employees whose annual remunefation was more than £60.000 is a5 follows.. 2024 NUffl￿r 2023 Number £60,000 to £70.000 Remunerabon including amounts paid in respect of key mana9emenl personnel totalled £82.714 (2023 £79.674) tor the year. Taxation The ch?rity is exempt from tax on income and gains falling within 5ectson 505 of the Taxes Act 1988 OT section 252 of Ihe Taxation of Chaigeable Gains Acl 1992 to the extent that Ihese are applied to rts chantable objects. 10 Tan9lble flxed assets L¢a$thold Flx¢ure8 Ind Improvements fittin95 Computer equlpm•nt Total Cost At 1 July 2023 60,915 20.232 34,559 115,706 At 30 June 2024 60.915 20,232 34.559 115.706 Depreclallon and Impairment At 1 July 2023 Depreciation charged in the year 52,436 3,116 18,380 1,036 27.164 4.396 97.980 8,548 At 30 June 2024 55,552 19.416 31,560 106,528 Carrying amount AI 30 June 2024 5.363 816 2,999 9,178 At 30 June 2023 8.479 1.852 7,395 17,726 11 Debtors 2024 2023 Amounts falllng due wlthin one yèar: Trade debtors Other debtors and accrued income Prepaymenls 18.474 12,148 11,826 33,117 5,190 12,940 42,448 51.247 -28- LEICESTERSHIRE CARES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 12 Creditors: amounls falllng due wlthin one year 2024 2023 Other laxalion and so¢ial security Deferred income (note 13) Trade ciedilors Olher creditors Accruals 419 205,835 10,121 8,058 49,259 4,132 231,250 11,629 3,999 53,594 273,692 304,604 13 Deferred income Membernhip Income Other deferred Income 2024 2023 Total Tolal Opening balance Arisin9 in the year Released to incoming resources 32,464 68,828 {70.845) 198.786 368,808 <392,2￿) 231,250 437.636 (463.051) 210,559 471.553 (450.8621 Closing balance 30,447 175,388 205,835 231.250 Deferred income of £205,835 (2023 - £231,250) relates to income In respect of the year 30 June 2024 but for which entitlement conditions have not yet been met. 14 Retlrement benefit schemes Defined Contrlbullon scheme5 The charity operates a defined contribution pension scheme for all qualifying employees. The assels of the scheme are held separately from those of the charity in an independently administered fund. The liability and expenses are allocated between festricted and unrestticied funds based on the proptsrtion of employee tirne designated lo the fund. -29- trv- Q> o)0>* 0> N r*4 Oi •4 qL> I￿*￿(0 u) O) o Thi 0> J ffj ¢41 * z •& I LEICESTERSHIRE CARES LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 16 Analysls ol net assets betw•een funds unr￿trICted Restflcted Funds Funds 2024 2024 Total Unre8trlcted Restrlcled Fund$ Funds 2023 2023 Total 2024 2023 Fund balances al 30 June 2024 are represented by: Tangible assets Current assets 9.178 418,022 9,178 517,541 17,726 437.786 17.726 529,939 99.519 92,153 427,200 99.519 526.719 455.512 92,153 547.665 17 Operatlng lease commitments Al the reporting end dale the charity had outstanding commitmenls for future minimum lease payments under non-can¢ellable operating leases. which lall due as follows.. 2024 2023 VIAlhin one year Between and five years 24.780 585 30,732 25.385 25,365 56.097 18 Limlted by guarantee The company is limited by guarantee and accordingly does not have an Issued share Capital. Each member undertakes to contribute an amounl nol exceeding £1 to Ihe assets of the company in the event of the sarne bein9 wound up, -32- LEICESTERSHIRE CARES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 19 Related party transaclions Transactions with r•lated partles During the year Ihe Charity entered into thE following transactions with related parties Some of the trustèes of Ihe Charity who served during the year were employees, representatives or members of local businesses which support Leicestershire Care5 Limited. The following related party transactions were undertaken durlng the year. Trustee Memberships Transa¢tlons Related Party J Arnold K Holdsworth M Mahomed N Mills M Smith Membership £2,400 Membf*rship £10,800 Membership £2,400 Membership £4,800 Membership £2,400 The Access Group Samworth Brothers Nylacast Limited s￿ner Group Limi;ed Fr88ths Al the yeai end 8mounls ¢ue from the Nylacasl Limited amounted lo £nil (2023 - E2.400) and Sytner Group Litnited £nil (2023 - £5,760) Other Iransadions.. During the year the Char,ty purchased PR and Markeb'ng services from Rock Kitchen Harris Limited, a ompany in which J Mollart. a former trustee {resigned on 24 July 2024}, is a directof of amounling to £535 j2023- £2,036). During the year management liability insurance of £865 {202> £1,094) was charged to the charity. 20 Uhlmate Controlling Party In Ihe opinion of the truslees, given the structure of the charity. there is no ultimate wntrolling party. .33- LEICESTERSHIRE CARES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 30 JUNE 2024 21 Cash generated from operatlons 2024 2023 (Defiat)Isurpus for the year (20,946) 79,858 Adjustments for.. Investment income recognised in ststement of financial activities Depreciation and impairmenl of langible fixed assets (13.073) 8,548 (6.857) 10,562 Movements in working capital- Decreasel{in¢rease) in debtors (Decrease) in creditors (Decrease)lincrease in deferred income B,799 {5,497) 125,415) {5.733) 12.016) 20,691 Cash labsorbed by)Igenerated from operations (47,584) 96,505 22 Analysls of ¢hanges In net funds The Charity had no material debt during the year. 34-