Registered number: 05352055 Charity number: 1108865 SWANSEA CARERS. CENTRE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Swansea Carers. Centre Directors. Report and Financial Statements For The Year Ended 31 March 2024 Contents Page Company Information Annual Report Independent Auditoffs Report 9-10 statement of Financial Activity li Balance Sheet 12 ststement of Cash Flows 13-14 Notes to the Finanaal Statements 15-21
Swansea Carers. Centre Company Information For The Year Ended 31 March 2024 Trustees Mrs Jane Davidson (Chair) Mr David Burgess Mrs Susan Davies Mrs Gillian Stephens Mr Robert Williams Mr Byron Fussell Mrs Kathryn Pri Mrs Sonia Thomas Mr Frank Ramsay (appointed 09111123) Mr Ifor Glyn Jones 05352055 Secretary Company Number Charity Number Registered Offi 1108865 104 Mansel Street Swansea West Glamorgan SAI SUE Accountants Willis Jones 64 Walter Road Swansea SAI 4wr AuditOTS H R Harris & Partners (2010) Ltd Pembroke House Charter Court Swanse SA7 9FS Bankers Uoyds Bank PIC 802 Oxford Street Swansea SAI 3AF Santander l Union Street Swansea SAI 3EE Bank of Scotland 600 Gorgie Road Edinburgh EHII 3AL Virgin Money Jubilee House Gosforth Newcastle Upon Tyne NE3 4PL Solicitors Hughes Griffiths Partnership Soliotors 150 St. Helens Road Swansea SAI 4DF Page 2
Swansea Carers. Centre Annual Report For The Year Ended 31 March 2024 The dTrertoTs have the pleasure in presenting their report and financial ststements for the year ended March 2024. I am very pleased to Introdu the Annual Report for 202312024. As l approach the end of my second year as Chair of the t#)ard of trustees, I can reftect that it has been another very busy, challenging year. I would like to begin by offering my thanks to the CEO. our senior management team, all the staff and volunteers including my fellow trustees. They have shown such dedicats.on to Swansea Cares Centre. l am immensely proud of the way they have all worked to support one another and our service users. Through their dedication and commitment, they have assisted one another through the most difficult cost of living crisis and supported the continued development of thls amazing organlsation. I would also like to thank our funders for their continued support. We are living in challenging times but with your help we a conts"nuing to offer more support to more dive groups of carers. We a extremely grateful for your support. The cost-of-livlg crisis continues to imtx)se pressures on carers. staff, volunteers and trustees. l am proud to report that we in Swansea Carers Centre have been able offer support to service users. stsff and volunteers while rnaintsining the integrity of the organisation. The cost-of-living crisis continues to impose pressures on carers. stsff, volunteers and trustees. l am proud to report that we in Swansea Carers Centre have been able offer support to Sery1 users, siaff and volunteers while maintaining the integrity of the organisation Chair of trustees - Jane Davidson 2023-2024 Chief Executive Officers. Report (incorporating Trustees. annual report) Every year we see to a mixture of challenges and successes faced by Swansea car$ Centre and by carers in Swansea. This year has not seen any difference. The financial climate has proved very difficult for carers, coming so Soon after the challenges of Covid. The life of carers is diffficult at the best of times but the Cunt stste of the economy and the cost of fuel during the past 12 months ha5 added to pressLJres around heating homes and eating. As an or9anisation we have responded to these pressure5 by strengthening our fuel tK)verty team, offering hardship grènts and extended our reach in the community. Swansea Carers Centre has not been resting on its laurels and our stsff continue to work with carers to identify and develop creative and innovative services. fe for many unpaid carers in Swansea continues to be difficult. Making a positive change in the lives of Care is our rni55ion and since 2005 we have been working with carers and professionals in Swansea to identify their needs and tjevelop SeiCe5 that meet those needs. No single agenry can meet all the needs of carers 3nd partnerships and collaborations are not only desirable but essential. The list of individuals and agencies With which we work grows year on year- and we welcome and thank all those who work with us in trying to improve the lives of car$. We are fortunate in Wales that carers are supported and prioritised by Welsh Government and the regional partnership. The is a recognition of the need to support carers and the cared for, but also a recognition of how essential CarS are in the continuats'on and fulure of health and social care fabric in Wales. The work of Swansea Carer5 Centre supports and embra the priorities of the Welsh Carers StTrtegy Identifying and valuing unpaid carers Providing information, advi and assistan Supporting life aloftgside caring Supporting carers in education and the ¥¥orkplace. Despite the numerous challenges that the organisation and staff have fa during the last five years we have seen some signifficant achievements: Increased the number of carer5 engaged with by 18 % Increased the number of carers contact by 14 Increased the number of carers from underrepresented groups such as BAME, male carers, working family carer5. Increased the number of groups and activities being offered to carers. Increase in confidence and satisfathon in services provided (270 carers sueyed) We have positive communicatior> with carers and are always eager to work with them to listen to their nee(1s and work with them to develop responses to issues identiffied. Carers are the ones who know what is needed and it's essential they continue their role in Servi development. During the past year, some of the new developments and highlights include..
Swansea Carers. Centre Annual Report For The Year Ended 31 March 2024 Successful tender Swansea Council Carers Hub development Increase in contacts and activity with BAME and Male Carers Continued success and development of provision for dementia carers Over 300 activities and courses for carers Introduction of fee-paying option for Ty Conway day ntre Recouping over £4million in benefits for carers Support group for those affetted by Canr. Next twelve months I have no doubt that the next 12 months wlll be equally as busy and challenging -and rewarding. We look forward to two big developments which we hope to see improving Se1 for carers in Swansea. After many years based on Mansel Street, Swansea Carers Centre will be moving to new premises on Prince of Wales Roacf on the 10th of October this year. The building will improve accessibility, offer significantly more space for attivities and direct work. and will also offer parking space which carers have identified as needed. We are excited to be moving to accommodab.on which will allow us lo develop and expand our services in the city. It will be an exciting development, and we are IcM)king foTh¥ard to welcoming all carers exisb'ng and new carers Swansea Carers Hub -This year we were succe55ful in our bid to Swansea Counol to develop and deliver a Carer5 Hub in Swansea. Work is already well underway in setting up the Hub, which will offer improved access to all services for carers in Swansea, offer assessment of need and provide individual support plans. We welcome partner agencies who will be working with us on this inits"ative which will improve pathways to services. Thank you The work and achievements of the Swansea Carers Centre is down to teamwort which includes the time and dedication of our trustees and volunteers and of course the commitment and professionalism of our team of employed workers. I am fortunate and proud to be working with all of theffl who have such passion in "maknng a positive change in the lives of carers". As always, l am extremely grateful to every funder who shows faith in our ability to support unpaid carers in Swansea. Without your support our work would not happen. It is with muth sadness that I must note the passing of tsyo incredible individuals during the past year who served the Swansea Carers Centre for manyi many years in various capacitr"es. Both Shirley Bowen and Liz Rees gave much of their lives to irnproving the lives of Car5 and their contribution lo the developrllent of Swansea carS cent was invaluable. We appreciate and a grateful for all they did over the years, and they will be missed as colleagues and friends. Key Achievements during 2023-24 Incoming sourceS during the year amounted to £1.334,004 with resou$ expended amounting to £1,281,090 giving a net income over expenditure of £52.914. At the year-end unrestsicted ftjnds totsl £537,458 and restricted funds totsl £301.153
Swansea Carers. Centre Annual Report For The Year Ended 31 March 2024 Key Achievements 4,10147&74 C beFw]Ilolc¢rer5 ' 24599 7283 99 aieccrtrs Numberol contacts 3,601 conr¢Kisvrim £87,900 60 417 Su¢etrè". 834 hfore Cartr 167 Youn94OJ car% 12,220 1 ttiienthn&50t 264 |tcrerswpsxirt•dby | I cresieiFAfgF¢rrity CurerswojcI f3W C3fEf5 The Board of Trustees have reviewed the reserves policy of the charity and have agreed that in line with most charities that re1ve their funding from Local Authorities it Y40uld appear prudent to hold readily realisable reserves equivalent to around six weeks expenditure to cover late reIpt of grant income (currently £76,800) together this is covered by our contingency fund of £267,470 this is made up of- Potential redundancy costs £99.870 Potential lease liability £117,000 Potential pension liability £4,000 Potential Telephone/internet system £6,600 Potential sickness and maternity liability £40.000 In addition- £34,000 allocated to fund year fixed term full-time post of Information & Quality Manager to work within Smr £30,000 for costs to move to new miSeS induding overlap of I month s rent for cuffent and new premises. and additional Leg81 fees incurred £13,000 allocated to fund 3-day week admln assistant post £30,000 has been allocated to fund stsff core posts £80,000 has been allocated to fund projectslserv1S £20,000 has been allocated to cover temporary posts £30,000 has been allocated to cover loss of income £10,000 has been allocated to cover costs of additional premises costs £10,000 has been allocated for development of web page £10,000 has been allocated to cover Team Leader increments in salary rate Page 5
Swansea Carers, Centre Annual Report For The Year Ended 31 March 2024 Principal Activity The coMny,S principal athvty continues to be that of the provision of assistan to carers across the City & County of Swansea. Dirertors The directors who held Offi during the year were as follow5: Mrs Jane Davidson Mr David Burgess Mrs Susan Davies Mrs Gillian Stephens Robert Williams Mr Byron Fussell Mrs Kathryn Pri Mrs Sonia Thomas Mr Frank Ramsay ApkKiinted 0911112023 Trustees Responsibilities Under the Charities Act 2011. the trustees are required to ppa a ststement of accounts for each financial year which gives a true and fair view of the stste of affairs of the charity at the end of the financial year and of the incoming resources and application of resources in the year. In pparing the statement, the trustees are required to: Select suitsble accounting kvlicies and apply them consistently. Make Judgments and estimates that are reasonable and prudent. state whether applicable accounknng stsndards and ststements disc105ed and explained in the statement of accounts. Prepare the accounts on a going concern basis unless it is inappropriate to pSurne that the Charity wlll not continue its operation. The Trustees a responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity at that time and to enable the Trustees to ensure that any ststement of account ppared by them complies with the regulations under seckn.ons 130 to 132 of the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. In the case of each of the persons who are directors at the time when the directors report is approved So far as the Directors are aware. there is no relevant audit information (information needed by the companys auditors in connection with preparing their report) of which the company'5 auditors are unaware; and Each Director has tsken all the steps that he Ishe ought to have taken as a director in order to make him I herself aware of any relevant audit infomiation and to estsbli5h that the company's auditors are aware of that information. Amounts are presented within items in the 5trternent of financial activities and balan sheet,. the directors have had gard to the substance of the reported transattion or arrangement, in accordance with generally accepted accoLsnting principles or practice. The Board of Trustees are satisfied with the perfOrnian of the Charity during the year and consider the state of the organisation's affairs to be sab"sfattory for the foreseeable ftjture. The Board of Trustees have given consideration to major risks to which the Charity 15 exposed and the Charity's procedure's designed to manage these risks. Internal financial nsks are reduced by the implementstion of protrdure that aim to ensure that all transath.ons are duly authorised. Such procedure a regularly reviewed to ensure they are 5ttll leVant. Page 6
Swansea Carers. Centre Annual Report For The Year Ended 31 March 2024 statement of Disclosure of Information to Auditors En the case of each director in Offi at the date the Dirertors, Rep)rt is approved.. so far as the director is aware. there Is no relevant audit infomiation of which the company's auditors are unaware. and they have tsken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit infomation and to establish that the company's atjditors are aware of that informats"on. H R HalS & Partners have indicated their willingnes5 to continue in Offi and in accordan wtth the provisions of the Companies Act that they tre re-appointed for 2024125. Approved by the Directors and Trustees on the i* October 2024. fLI y/VW- Robert Bryn Williams (Hon. TaSUrer) Pa8e 7
Independent Audltor's Report to the Members of Swansea Carers. Cent Opinion We have audited the financial ststements of Swansea Carers, Centre for the year ended 31 March 2024 which comprise the Income and Expenditu Account, Balance Sheet, Statement of Changes of Equity, Statement of Cash Flows and the related notes, including a summary of significant accounts.ng policies. The financial reporting frdmework that has been applied in their preparntion is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi), including FRS 102 Yhe Financial Reporttng Stsndard applicable in the UK and Republic of Ireland". In our opinion the financial statements- give a true and fair view of the state of the company's affairs as at 31 March 2024 and of Its surplus/{deflclt) for the year then ended. have been properly prepared in accordan with United Kingdom Generdlly ACpted Accounting Prath; and have been prepared in accordance with the requi ments of the Companies Act 2006. Basi5 for OpinKon We conducted our audlt in aca)rdance with International Standards on Auditing (UK) (ISAS (UK)) and appSicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements settion of our rep)rt. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden we have obtsined is sufficient and appropriate to provide a basis for our opinion. Conclusion5 Relating to Going Concern In auditing the financial ststements, we have conduded that the direttors. use of the going concern basis of accounting in the preparation of the financial ststements is appropriate. Based on the work we have perfomied. we have not identified any material uncertaintr'es relating to events or conditions that, individually or collethvely, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial ststements are authortsed for issue. Our responsibilitie5 and the responsibilities of the direLtots with respect to going conrn are described in the relevant settions of this reporL other Information The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other infomiation contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assuran conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially Snconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material mi55tatement in the financial staternents themselves. If, based on the work we have perfomied. we conclude that there 15 a material misstatement of this other information, we are required to report that frdct. We have nothing to report in this regard. Opinions on Other Matters Prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit- the infomiation given in the Strategic Report and Dirertors, Report for the finanoal year for which the financial statements a prepared is consistent with the financial statements. and the Strategic Report and Directors, Report have been prepared in accordan with applicable legal requirements. Page 8
Independent Audltor's Report (continued) to the Mernbers of Swansea CaTers' Centre Matters on Which We Are Required to Report by Exception In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors, Report. We have nothing to report in respect of the following matter5 in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept. or retums adequate for our audit have not been received from branches not visited by Lts- or the financial ststements are not in agreement with the accounting records or retums; or certain disclosures of directors, remuneration specified by law are not made. or we have not received all tt)e infomation and explanations we require for our audit. Responsibilities of Dirertors As explained more fully in the Dirertors, Resp)nsibilib"es Statement set out on page 3-4, the directors afft responsible for the preparation of the financial ststements and for being satisfied that they give a true and fair view, and for such internal control as the direttors detemiine is necessary to enable the preparation of finanaal statements that are free from material misstatement, whether due to fraud or error. In preparing the financlal statements, the directors a resFonsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters lated to going conrn and using the going conrn basis of accounting unless the director5 either intend to liquidate the company or tD ase operdtions. or have no realistic alternative but to do so. Auditor's Responsibilities for the Audit of the Financial Statements Our objectives are to obtsin asOnable assurance about whether the financial statements as a whole are free from material misststement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detert a material misststement when it exists. Misstaternents can arise from frdud or error and are considered material if, individually or in the aggregate. they could reasonably be experted to influence the economic decisions of users tsken on the basis of these finanaal statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.ory.uklauditorsresponsibilits.es. This derIpts.on fomis part of our auditorfs report. Use Of Our Report This report is made solely to the company's members, as a body. in accordan with Chapter 3 of Part 16 of the Companies Art 2006. Our audit v4ork has been unclertaken so that we might stste to the company's members those matters that we a required to state to them in an auditorfs reExirt and for no other purpose. To the fullest extent permitted by law, we do not accept or assume restyjnsibility to anyone other than the cornpany and the company's members as a body, for our audit work, for this retY)rt, or for the opinions we have formed. -H.t_.H175_p_ F_oh_o_n (£0 lo) Ljd Statutory Auditor 17 October 2024 H R Harris & Partners (2010) Ltd Pembroke House Charter Court Swansea SA7 9FS Page 9
Swansea Carers, CentTe statement of Financial Activitie5 For The Year Ended 31 March 2024 Unrestrirted Fund5 Restricted Funds Total Funds Total Funds 31 March 2023 2024 2024 2024 INCOME Voluntsry income Donations and grants Investment Encome 240,363 2,297 1,102,320 1,342,683 2,297 1.048,858 515 TOTAL INCOME 242,660 1.102,320 1,344,980 1,049,373 EXPENDITURE Expenditure on charitable activities 238,114 1.055.334 1,293,448 1,046,381 TOTAL EXPENDITURE 238,114 1.055,334 1,293,448 1,048,380 NET INCOME 4,546 46,986 51,532 992 RECONCILIATION OF FUNDS Total Fund5 brought Forward Transfer of Funds 522,590 10,322 264.489 (10,322) 787,079 786,088 Total Funds carried forward 537,458 301,153 838,611 787,079 Pagt 10
Swansea Carers. Centre Balance Sheet As At 31 March 2024 2024 2023 Notes FIXED AssErs CURRENT ASSErs stock 150 Debtors io 98.629 780,202 97,928 726,077 Cash at bank and in hand 878,981 824,005 (36.926) Creditors: Amounts Falling Due WithKn One Year 11 (40,370) NET CURRENT ASSETS (LIABILrtlES) 838,611 787,079 TOTAL ASSEfs LESS CURRENT UABILrrIES 838,611 787.079 NET ASSETS 838,611 787,079 RESERVES Restricted Income Fund Unrestritted Income Fund 301,153 537,458 264,489 522,590 TOTAL FUNDS 838,611 787,079 Approved by the tnJ5tees on IP Ottokr 2024, and signed on their behalf by: ALuJ44 Jane Davidson (Chair) Robert Bryn Williams (Hon. Treasurer) 17th Ottober2024 The notes on pages 15 to 21 form part of these finanoal statements. Pagell
Swansea Carers. Centre statement of Cash Flows For The Year Ended 31 March 2024 2024 2023 Notes Cash flows from operating activities Net cash (used inllgenerated from operations 51,828 (62.411) Net cash (used in)Igenerated from operating activlties 51,828 (62,411) Cash flows from investing activities Interest received 2,297 515 {DecaSe)/1ncrease in cash and cash equivalents Cash and cash equivalents at beginning of year 54,125 726.077 (61,896) 787,973 Cash and cash equivalents at end of year 780,202 726,077 Page 12
Swansea Carers. Centre Notes to the Statement of Cash Flows For The Year Ended 31 March 2024 l. Reconciliation of profit for the flnanclal year to cash {used In)/generated from operations 2024 2023 Profit for the financial year Adjustments for.. Interest income 51.532 991 (2.297) (515) Movements In working capital- Increase in stocks Increase) in trade and other debtors Increase/(decrease) in trade and other creditors (150) (701) 3.444 (43,109) (19,778) Net cash generated from/(used in) operats.ons 51,828 (62,411) 2. Cash and cash equivalents Cash and cash equivalents. as ststed in the Statement of Cash Flows, relates to the following items in the Balan Sheet: 2024 2023 Cash at bank and in hand 780,202 726,077 3. Analysis of changes In net funds As at l April 2023 Cash flov4VS Asat31 March 2024 Cash at bank and in hand 726,077 54,125 780,202 Page 13
Swansea Carers. Centre Notes to the Financial Statements For The Year Ended 31 March 2024 l. General Information Swansea Carers, Centre is a private company. limited by guarantee, incorporated in England and Wales , registered number 05352055. charity number 1108865 . The registsred office is 104 Man5el Street, Swansea, West Glamorgan, SAI 5LIE. 2. Accounting Policies 2.1. Basis of Preparation of Financial Statements The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the levant note(sl to these accounts. The financial Statements have been prepared in accordance with the second edition of the Chorities Statement of Recommended Prartice issued in October 2019, the Financial Reporkn"ng Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The trustees consider that there are no material uncertainties about the Trusys ability to continue as a going concern. The trust constitutes a public benefit entity as defined by FRS 102. 2.2. Going Concern Disclosure The directors have not identified any rnaterial UnrtaltreS related to events or conditions that may cast significant doubt about the cornpany's ability to continue as a going concem. 2.3. Turnover All income is recognised once the charity has enth"tlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably. Donations and Voluntary Income Donations and similar income represent monies reiVed from charitable donations and gilts. They are recognised by the charity upon receipt. Grants Income from government and other grants, whether capitsl or Ven{le grants, is recognised then the charity has entitlement to the funds, and performance condib.ons attsched to the grants has been met. 2.4. Tangible Fixed Assets and Depreciation Tangible fixed assets are measured at Cost les5 accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases= 2.5. Cash and Cash Equivalents Cash and cash equivalents a basic finanoal assets and indude cash in hand and deposits held at call with banks, other short-term highly liquid investments that Matu in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. 2.6. Taxation The charity is exempt from corpordtion tax in income and gains to the extent that these are applied to its charitable objectives. Page 14
Swansea Carers. Centre Notes to the Financial Statements For The Year Ended 31 MaTch 2024 2.7. Pension5 The company operates a defined pension contribution scheme. Contributions are charged to the income and expendlture account as they become payable in accordance with the rules of the scheme. 2.8. Expenditure LiabilitTe5 are recognised as expenditure as soon as there is a legal or constDJttive obligation committing the charity to that expenditure, it is probable that settlement will be reqUId and the amount of the obligation can be measured reliably. All expendlture Is accounted for on an accruals basis. All expenses induding sUPPOrt costs and governance costs are allocat or apportioned to the applicable expenditure headings. 2.9. Restricted and Unrestrirted Funds Restricted ReSeS Restrlcted reseNes are used when there are srriC restrictions and all(xations imposed by the donor. Expendlture which meets these criterial is identified to the ftjnd. Unrestricted Reserves Unrestricted funds are donations and other income received or generated In furtheran of the charity's objectives, without specified purpose, are applied to the general. unrestr.cted funds. Pa8e li
Swansea Carers. Centre Notes to the Financial Statements (continued) For The Year Ended 31 March 2024 3. TOTAL RESOURCES EXPENDED Unrestricted Restricted funds Funds Total 2024 Total 2023 2024 2024 Grants repaid Wages and salaries Employers Nl Employers pensions Recruitment costs 10,977 427,049 28.491 10,105 891 10,977 699,545 48.910 22,861 1,772 8,536 633 5,567 597,934 31,300 19,776 3,531 3,158 561 272,496 20,419 12,756 881 Staff training Health and safety costs Volunteer expenses Travel and subsistence expenses Carers TTrining Carers travel, respite and attivitie5 Carers special fund Support costs Desk fees 3,389 465 5,147 168 24 2.647 2.016 33.722 328,842 2,671 2.065 33,917 330,850 4,786 1.963 24,727 233.575 49 197 2,008 (76,917) (80.592) (10,885) 45.289 8.962 76.917 80,592 10.885 Information packs Rent and rates 500 45,789 8.962 35,674 9,384 Light and heat Repairs and maintenance Cleaning Premises insurance 5,566 5.566 5,002 Computer sothare, consumables and maintenance 7,528 6.115 13.643 12,292 Repairs, renewals and maintenance other insurance 4,490 3.066 967 4,490 3,066 1,127 5,005 2,857 761 Printing, postage and stationery Advertising and marketing costs Telecommunications and data costs 160 5,285 5,016 9.797 6,855 4,712 12,140 14,709 9,728 9,797 9,473 9,775 Accountancy fees Legal fee5 Professional fees 2,085 6.891 275 2,085 7,731 275 2,388 6,438 323 Subscriptions, liCenS and membership Bank charges Sundry expenses Refreshments 840 1.795 576 2.371 2,353 1,680 269 269 Meeting expenses (13.455) 17.127 3,672 3,716 238,114 1,055,334 1,293,448 1,048,381
Swansea Carers. Centre Notes to the Financial Statements (continued) For The Year Ended 31 March 2024 4. Auditor's Remuneration Remuneration received by the company's auditors and their aslateS during the year was as follows: 2024 2023 Audtt SerVis Audit of the company's financial statements 2,250 2,250 5. Staff Costs Staff costs, including directors, remuneration. were as follows: 2024 2023 Wages and salaries Social security costs other pension costs 699,545 48,910 22,861 598,661 31,299 19,776 771,316 649,736 6. Average Number of Employees Average number of employees, including directors, during the year was: 38 (2023: 35) 7. Tru5tees' remuneration The tnjstees all give freely thelr tfjme and experyse wtthout any forni of remuneration or other benefits in cash or kind. 8. Interest Retsivable and Similar Income 2024 2023 Interest on Short terni deposits 2,297 515 2,297 515 Pag¢ 17
Swansea Carers. Centre Notes to the Financial Statements (continued) For The Year Ended 31 March 2024 9. Tangible Assets Computer Equipment Cost As at l April 2023 28,261 As at 31 March 2024 28,261 Depreciation As at l April 2023 28,261 As at 31 March 2024 28,261 Net Book Value As at 31 March 2024 As at l April 2023 10. Debtors 2024 2023 Due within one year Trade debtors Prepayments and accnjed income 97,800 829 97,099 829 98,629 97,928 11. Creditors: Amounts Falling Due Within One Year 2024 2023 Trade creditors 1,279 io,ioi 3,619 21,927 Other tsxes and social security Other creditors Accruals and deferred income 10,601 4,329 25,439 40,370 36,926 12. Pension Commitments The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independentyy administered fund. During the year the charge to profit or loss in respect of defined contribution scherries was £22,861 (2023: £19,776). At the balance shtrt date contributions of £3,867 were due to the fvnd and are included in Other creditors. 13. Company limited by guarantee The company is limited by guardntee and has no share capital. Every member of the company undertakes to contribute to the assets of the companyi in the event of a winding up. such an amount as may be required not exceeding £1. Page 18
Swansea Carers. Centre Notes to the Financial Statements (continued) For The Year Ended 31 March 2024 14. MOVEMENTS IN FUNDS Asat Incoming Outgoing Asat 01 April 2023 Transfers Resources Resources 31 March 2024 UNRESTRICTED FUNDS General Funds 522.590 215,162 195,216 522,583 RESTRICTED FUNDS ABMU Hospitsl Outreach Worker ABMU Carers Info OffIr (79) 1.458 20,362 1,015 (2,330) 4,548 2.437 1.214 32.244 32.831 1,345 52.032 1666) (113) Henry SmSth Postcode Cornmunity Trust ICF BAME2 53,700 22,030 1,015 3,579 17,689 18,938 Community Foundation Male Qrer Projett Extension Carers Awareness Carers Trust Male Carer Meet & Eat Carer5 Trust MH 4,548 2,437 (1.214) 23 23 113 (113) YAC Wellbeing Grants Respite Support & Development Time for me - Male Carers 530 530 983 758 758 Time for you - Innovatlve Respite YAC Other 4,975 812 4,163 1,880 3.762 495 1,880 451 Extended hours/Counselling MH Services - extended 38,491 41,802 (495) Carers ID badges Make yourself known Lloyds Volunteer WCVA Volunteer 713 87 626 479 (67) 412 1.341 1,144 10.703 1.450 492 1,341 1,144 YAC Education & Training care Support Fund (WG) Male Carer 3 Extension 76 14,999 25,779 1,450 492 Carers Isolats"on & Loneliness 4,387 (30) 3.237 4,387 21,643 22,194 Older People & Carers Connett Mentsl Health Awareness Volunteer Project - Post Covid Recovery 22,360 29,326 687 10,369 7,864 50.760 46,670 11,954 ..CONTINUED Page 19
Swansea Carers. Centre Notes to the Financial Statements (continued) For The Year Ended 31 March 2024 Asat Incoming Outgoing Asat 01 April 2023 Transfers Resources Resources 31 March 2024 Fuel Poverty Projert 11.414 30.080 28.514 12,980 Millenium Stadium cr 7,500 7,500 Big Lottery Helping Working Famllies 124,179 24,663 103,881 44,961 WCVA Volunteer Training 6.279 641 (6,920) Postcode Lottery Peer Support ICF Dementy"a Worker 435 {435) 59 53,606 55.023 (1,357) 755 ICF Emergencrf Respite YAC Making Carers Count Bug Lottery Covid 19 Awareness Big Lottery Out of Hours Service Safe & Well Packs YAC 38 24,962 44,260 24,245 43,045 1,327 (3,261) 1,343 12 2.045 {16) (12) 934 934 Mind MH Projett Extension WCVA Voluntsry Servi Carers Week 2,559 600 (2,559) (600) (93) (7.839) 93 Carers Assessment Pilot 7.839 2.667 Dementia Collaboration Projett Parent C8rer Summer Grdnt 41,712 44,798 420 (4) Male Carer 4 385 24,086 21,769 2,701 Period Dignity MH & Wellbeing Support Carers Support Fund 22-25 Coop YAC Attivities Short Break5 85 (85) (997) 18,042 1,034 ii,ioi 1,960 33,989 199,370 19,599 207,980 334 13,393 9,433 700 7,658 3,443 Swansea Council {1,960) 38 WG Regional Partnership Sundry Tncome Amser Shortbreaks 3.783 3,821 25,198 79,764 8,319 1,727 198 25,000 89.279 9,636 50,300 9,515 Coast Summer (1,317) Volunteer servi SPF 48,573 WGSB Respite YAC Education Support BAME2 Awards for Al 96,000 95,999 30,138 16,926 34 30,104 16,926 37,142 GPnk2 37.188 264.489 (10.322) 1.091,344 1,044,360 301,153 Page 20