Charity Registration No. 1110582 Company Registration No. 05424005 (England and Wales) CROSSROADS CARING FOR CARERS WORCESTERSHIRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEARENDED 31 MARCH 2024
CROSSROADS CARING FOR CARERS WORCESTERSHIRE LEGAL AND ADMINISTRATIVE INFORMATION Secretary Roger. Garland Charity number 1110582 Company number 05424005 Principal address Weir Lane Lower Wick wOrster Worcs. WR2 4AY Registered offi Weir Lane Lower Wick wOrster Worcs. R2 4AY Independent examiner Paul Tivey FCA, FCCA, PPW Limited 10 St. Andrews Street Dro11th Worcs. WR9 8DY
CROSSROADS CARING FOR CARERS WORCESTERSHIRE CONTENTS Page Legal and administrative information Trustees report Statement of trustees responsibilities Independent examinerfs report Statemerrt of financial activities Balan sheet 12 Notes to the financial statements 13-23
CROSSROADS CARING FOR CARERS WORCESTERSHIRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities . Statement of Recommended Practi applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from October 2019) Objectives and activities Charitable Objects The Charity is established for the public benefit for the following objects.. To relieve in the geographical area of Worcestershire: (a) The stres$ experienced by carers and people with physical, mental or sensory impaimient within the family or home by offering a respite service through the provision of community- based care staff, or (b) At the discretion of the Board of Trustees to provide such Home Care Staff for older people and disabled people living alone. Area of Benefit The area of benefit is effectively that covered by Worcestershire County Council. The area of benefit was confirmed when charitable status was renewed and was motivated by the mutual interests of Worcestershire County Council and the Charity. in developing a more unrform level of specialist provision across their entire administrative area. Property As mentioned in previous reports, the Charity owned premises at Weir Lane, Lower Wick, Worster. This propety was sold in November 2023. We are now renting Offfi Spa at the same address as this continues to provide an attractive and functional operational base for many of the Charity's activities. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
CROSSROADS CARING FOR CARERS WORCESTERSHIRE TRUSTEES REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Principal Activities The Charity provides a range of ServIS to those living at Home in the Community the main purchaser being Worcestershire County Council for those dependent on statutory support. Other statutory purchasers are the Worcestershire Clinical Commissioning Groups. In addttion, a growing number of private servits users purchase varying levels of care from the Charity. The existing contracted activity can be summarised as follows: Contract Worcestershire County Council Start Date End Date Domiciliary Care- Worcester and Malvern Domiciliary Care- North Worcestershire Domiciliary Care- EveshamlPershore Carerfs Unit (flexible breaks) ongoing ongoing ongoing 0110712004 ongoing ongoing ongoing ongoing Contract NHS Clinical Commissioning Groups Continuous Health Care Spot purchase as and when required Staff and Payroll Management During the year 2023124 the Trustees employed an average of 30 staff comprising managerial staff, admin staff, a trainer and care staff. wOrstershIre County Council have continued to provide a payroll servi, at a cost acptable to the Trustees, although since March 2018 this Servi has been contracted OLrt to a private organisation, Liberata. Achievements and Perfonnance Chainnan's Report There are a number of troubling issues for Crossroads. Not least is the constant reoccurren of Covid. Like many people I keep thinking at last we are getting rid of it and then without waming it's back and carers and homes and hospitals are back to using protective equipment again. At least it does not appear to be as virulent as it was in the early days. Recruitment: There is no lack of work available to us both private and County Council. Unfortunately despite Rogerfs efforts publicising vacancies and Helen working with other agencies and employment fairs we just cannot keep our staff numbers up. We can't even compete with local supennarkets who are aiways able to out bid us in the employment market. We are also clearly looking for a special type of empathetic, caring, enthusiastic person with a genuine interest in caring for elderly and disabled people. Successive governments have talked of professionalising the caring industry with proper career structure and a salary to match but to date it seems to be just a pipe dream.
CROSSROADS CARING FOR CARERS WORCESTERSHIRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 FInans.. we have been haemorrhaging money for some years and the decision to sell off our Weir Lane premises can only delay the inevitable unless there is a national change in the attitude towards Caring. Worcestershire County Council: Without wishing in any way to be seen to be biting the hand that feeds us the County Council payment per hour for the work we do for them is miserly at best in that it always falls well below current levels of inflation and in one recent year the increase was zero. Every year they propose a figure and then invite us to a consultation where they never amend their original figure. Private Servi users." These peoples financial payments keep the service running right across the county not only Crossroads. Its doubtful rf many appreciate that they are subsidising the resFK)nsibilities of the County Council in that as providers we are able to set the price to private service users. On the other hand. we still retain our OUTSTANDING status with the CQC. This is entirely due to efforts of Roger, Helen and the management team, the admin team and most of all our team of caring staff who are out there day after day and in all weathers and at all times of the day doing a job that most people would balk at, preferring a lie in or watching the telly in the evenings. As I've said before we could increase our income by lowering our standards which we are not prepared to do. Care staff are entitled to the best available level of training, supervision, advi and support to ensure that they continue to provide the highest quality of service to people that use our servi. Financial review Financial review of the year For the year ended 31 March 2024 there was a total income of £422,714 and a total expenditure of £448,660 giving a deficit of £25,946. This figure was skewed by part of the income resulting from the sale of our property being credited to our current account. Reserves policy The Trustees previously agreed a Reserves Policy for Crossroads Caring for Carers, based on the need to hold a sum in reseNes equivalent to between 6 and 12 months of tumover, in order to cover any sudden change in Purchaser activity andlor cover an orderly rundown of the Crossroads affairs in the event of being forced to tenninate the range of activities undertaken. Having sold our office base, the current level of reserves equates to far more than 6 months of turnover. Trustees are aware of the situation. Future plans The basic plan remains to ensure that the Charity continues to provide an efficient and high-quality Servi to its end users. The Chairman's statement sets out some of the plans associated with this. It is also realised that the Charity must remain financially viable while still providing a high level of support and help to its care staff and service users. This can only be achieved through careful financial monitoring and the use of reserves. The level of activity within Worcestershire continues to reflect a range of links between the Managers, their staff and those in key positions within Worcestershire County Council Adult Servitss. However, the major economic downtum continues and is having a profound impact on public expenditure. CROSSROADS CARING FOR CARERS WORCESTERSHIRE
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Worcestershire County Council has made signrricant cuts to most ServIS including Adult servIs and it remains unclear whether additional cuts will be made. This 'race to the bottom, could spell disaster for a very large number of Servi userslpotential Servi users and social care organisations within the county. Chaimian's Appreciation Once again a big thank you to the board, the management and admin staff and most of all our care staff who are the people most responsible for Crossroads retaining the CQC'S OUTSTANDING status. Structure, governance and management Goveming document Crossroads Caring for Carers Worcestershire is a company limited by guarantee govemed by its Memorandum and Articles of Association dated 17 November 2016 with the company no. 5424005. The company is registered as a charity with the Charity Commission, charity number 1110582 from 26 July 2005 Recruitment and appointment of new Trustees Trustee Appointment To date, Trustees have been identffied through localised networking. The current Trustees continue to have the organisation under appropriate control thanks, in no small part to the continued commitment of Roger Garland, Helen Simmons and other senior staff. The trustees, who are also the directors for the purpose of company law, and who rVed during the year were.. R. Adey G. V. Hughes {Chairman) P. Brown S. Murray R Burford Retired Finance Manager Retired Social Care Manager Carer Solicitor Retired CROSSROADS CARING FOR CARERS WORCESTERSHIRE
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORD ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Trustee induction and training Prior to appointment, potential Trustees are invited for discussion at the Crossroads offices in Wortsster and the Chairman is present at this introductory session. Documentation, including the constitution is shared, individuals are invited to attend Trustee Board meetings, primarily as an observer before a final decision is made by both the applicant and Trustees. Organisation The Charity and its rented Offi are managed by a Board of Trustees who are elected by and from the membership at each Annual General Meeting in accordan with such prOdureS as may from time to time be adopted by the Board of Trustees, provided that such procedures allow every member of the Chartty to stand for election and to vote. The Board of Trustees may make regulations concerning the election of members to ensure balanced representation of various interest groups amongst the membership. A Trustee shall cease to hold Offi rf helshe would at the date of re-appointment have served as a Trustee for a continuous period of 6 years except by special resolution of the Board of Trustees to the contrary. Trustees may appoint one or more of their number to any remunerated executive offits under the Scheme. Any such appointment may be made upon such terms as the Board of Trustees determine. Any appointment of a Trustee to an executive Offi shall terminate rf helshe ceases to be a Trustee. A Trustee holding any executive office shall not be subject to retirement by rotation. The Board meets, on average, every eight weeks and retsives and considers reports from the Registered Manager and the Chief OffIr of the Charty, whilst also considering any item tabled by the Chairman andlor other Trustees. All managerial and financial decisions, apart from day-to-day management decisions, are made by the Trustees. Related parties The Trustees who served during the relevant period were listed on the previous page. There were no new declarations of interest during the relevant period. The trustees report was approved by the Board of Trustees. CROSSROADS CARING FOR CARERS WORCESTERSHIRE
STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees (who are also the directors of Crossroads Caring For Carers wOrstershIre for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordan with applicable law and United Ktngdom Accounting Standards (Untted Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial, the trustees are required to . select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charity SORP., make judgements and estimates that are reasonable and prudent", state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. 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. CROSSROADS CARING FOR CARERS WORCESTERSHIRE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CROSSROADS CARING FOR CARERS WORCESTERSHIRE I report to the trustees on my examination of the financial statements of Crossroads Caring For Carers Worcestershire (the charity) for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 20C6 Act). Having satisfied Myse that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the chartty's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent examinerfs statement Since the charity's gross income exeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualtfied to undertake the examination because l am a member of the ICAEW, which is one of the listed bodies. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in material respect: accounting records were not kept in respect of the charity as required by section 386 of the 20C6 Act., or 2. the financial statements do not accord with those records. or 3. the financial statements do not comply with the accounting requirements of section 3 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination,. or 4. the financial statements have not been prepared in accordance with the methods and principles of the -statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102>. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. P. Tivey FCA, FCCA PPW Limited 10 St. Andrews Street Dro11Ch Worcs. WR9 8DY Dated ... CROSSROADS CARING FOR CARERS WORCESTERSHIRE 10
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Funds 2024 Unrestricted Funds 2023 Notes Income and endowments from: Donations and legacies Charitable activities Investments Other Income 563 380,224 1,017 40,910 1,013 374,305 6,195 Total Income 422,714 381,513 Expenditure on: Raising funds 223,838 228,712 Charitable activities 224,223 226,057 Other 12 599 591 Total resources expended 448,660 455,360 Net expenditure for the yearl Net movement in funds (25,946) (73,847) Fund balances at 1 April 2023 424,250 498,097 Fund balances at 31 March 2024 398,304 424,250 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. CROSSROADS CARING FOR CARERS WORCESTERSHIRE 11
BAL4NCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 13 4,918 353,552 14 27,407 407,445 40,778 75,289 434,852 116,067 Creditors . amounts falling due within one year 15 (41,466) (45,369) Net current assets 393,386 70,698 Total assets less current liabilities 398,304 424,250 Income funds Unrestricted funds 398,304 424,250 398,304 424,250 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including tts income and expenditure, for the financial year in accordan with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 20CE relating to financial statements, so far as applicable to the company. The members have not required the company to obtain an audit of its financial statements for the year in question in accordan with section 476. These financial statements have been prepared in accordan with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 29 October 2024. Trustee Company Registration No. 05424005 CROSSROADS CARING FOR CARERS WORCESTERSHIRE 12
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1. Accounting policies Charity infonnation Crossroads Caring For Carers is a private company limited by guarantee incorporated in England and Wales. The registered offits is Weir Lane, Lower Wick, Worcs. IMI2 4AY. Accounting convention These financial statements have been prepared in accordance with the charity's Igoverning document], the Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective October2019)". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modffied to include the revaluation of freehold properties and to include investment properties and rtain financial instruments at fair value. The principal aCunting policies adopted are set out below. Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate reSoUrS to continue in operational existence for the foreseeable fvture. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specffic conditions by donors that the capital must be maintained by the charity. Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and tt is probable that income will be reived. CROSSROADS CARING FOR CARERS WORCESTERSHIRE 13
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Cash donations are recognised on receipt. Other donations are recognised once the charity has been notrfied of the donation unless perfornian conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on reIpt or otherwise rf the charity has been notrfied of an impending distribution, the amount is known, and reIpt is expected. If the amount is not known, the legacy is treated as a contingent asset. Income from grants, trusts and foundations is recognised when the charity has entitlement to the funds, any perf0mlan conditions attached to the grants have been met, it is probable that the income will be retsived, and the amount can be measured reliably. Grant income reiVed in advants is defeed and released in the financial year to which tt relates. Expenditure Expenditure is recognised On there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure on charitable activities includes all costs relating to the furtherance of the charity's objectives as stated in the trustees report and their associated support costs. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Support costs have been allocated beeen governance costs and other support. Governan costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include ntral functions and have been allocated to activity cost categories on a basis consistent with the use of reSoUrs. Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and Fittings 250h on reducing balan basis The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale prOedS and the carrying value of the asset and is recognised in net incomel(expenditure) for the year. Impairment of fixed assets At each reporting period end date, the company reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient loss (if any). CROSSROADS CARING FOR CARERS WORCESTERSHIRE 14
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call wtth banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balan sheet when the company becomes paty to the contractual provisions of the instrument. Financial assets 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 amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balans, are initially measured at transaction Pri including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the aangernent constitutes a financing transaction, where the transaction is measured at the present value of the future reiptS discounted at a market rate of interest. Financial assets classified as retsivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recL)gnised at transaction Pri unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently Caled at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the companls contractual obligations expire or are discharged or cantslled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are reived. CROSSROADS CARING FOR CARERS WORCESTERSHIRE 15
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Term ination benefits are recognised immediately as an expense when the charity is demonstrably committed to teminate the employment of an employee or to provide termination benefrts. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 2. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other SoUrs. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may dtffer from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 3. Donations and legacies 2024 2023 Donations and gffts 563 1,013 16
CROSSROADS CARING FOR CARERS WORCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 5. Investments 2024 2023 Bank interest Rental Income 1,017 6,195 1,017 6,195 6. Other income 2024 2023 Profit on sale of property 40,910 The profit on the sale of the property is shown net of legal fees of £12,915. 7. Raising funds 2024 2023 Support costs (Note 9) 223,838 228,712 18
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CROSSROADS CARING FOR CARERS WORCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10. Trustees None of the trustees (or any persons connected wtth them) received any remuneration, expenses or benefits from the charity during the year. 11. Employees The average monthly number of employees during the year was: 2024 Number 2023 Number 30 30 Employment costs 2024 2023 Wages and salaries Other pension costs 378,494 8,130 380,586 7,669 386,624 388,255 No employee received emoluments in excess of £60,000. The aggregate remuneration paid to Key Management Personnel (including employerfs pension contributions was £102,372. (2023- £100,566). 12. Other 2024 2023 Financing costs 599 591 599 591 21
CROSSROADS CARING FOR CARERS WORCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13. Tangible fixed assets Freehold land and buildings Property Fixtures And Fittings Totals Cost At 1 April 2023 Additions Disposals 348,175 18,251 1,180 366,426 1,180 {348,175) (348,175) At 31 March 2024 19,431 19,431 Depreciation and impainnent At 1 April 2023 Depreciation charged in the year 12,874 1,639 12,874 1,639 At 31 March 2024 14,513 14,513 Carrying amount At 31 March 2024 4,918 4,918 At 31 March 2023 348,175 5,377 353,552 14. Debtors 2024 2023 Amounts falling due within one year: Trade debtors Prepayments and accrued income Other debtors 24,097 3,310 34,696 6,022 60 27,407 40,778 22
CROSSROADS CARING FOR CARERS WORCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15. Creditors: amounts falling due within one year 2024 2023 Trade creditors Other creditors Accruals and deferred income 282 38,778 2,406 398 42,118 2,853 41,466 45,369 16. Related party transactions There were no disclosable related party transactions during the year (2023 - none) 17. Other Commitments The total of future minimum lease payments under nOn-CanlIable operating leases are as follows.. Other 2024 2023 Within 1 year Between 1 and 5 years 13,227 18,060 5,000 10,000 31,287 15,000 Following the sale of the property the charity will be leasing office space in the premises. After a rent free period the rental commitments are shown in this note. 18. Going Concem The nature of the charity's funding is such that the timing and the amount of future income is unpredictable. It is not possible to reliably predict future income streams in the cuent economic climate. Local Authority and NHS funding has changed from block grants to 'spot" fvnding where the charity is reimbursed for actual work done. Based upon projection of salaries and running costs (salaries being the main cost) compared to expected income (as far as this can be reasonably estimated, taking into account the previously mentioned unpredictability), the Trustees believe that the charity has sufficient resources to continue operations for the foreseeable future. For this reason, the financial statements have, therefore, been prepared on a going concern basis whith assumes that the charity will continue in operational existence for the foreseeable future. 23