OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Blackpool Carers Centre Limited

2024-03-31-accounts

2023-24 ANNUAL REVIEW

MAKING A BETTER LIFE FOR CARERS AND THEIR FAMILIES

“ Blackpool Carers Centre exists to make a better life for carers through our values of Passion, Quality and Respect.

2

CONTENTS

----- Start of picture text -----
||| |---|---| |Introduction|4| |Report of the Trustees|5| |Statement of Trustees Responsibilities|9| |Report of the Independent Auditors|10| |Consolidated Statement of Financial Activities|12| |Balance Sheets|13| |Cashflow Statement|14| |Notes to the Cashflow Statement|15| |Notes to the Financial Statements|16| |Consolidated Statement of Financial Activities|26| |Charity income and expenditure|27|

----- End of picture text -----

----- Start of picture text -----
Carers and loved ones enjoying
festive fayre, playing games and
making decorations
at our dementia carers’
Christmas Party
----- End of picture text -----

ANNUAL REPORT 2023-24

INTRODUCTION

Welcome to the 2023/24 Annual Review from Blackpool Carers Centre. This year has been one of growth and progress, with new carers and families accessing our services and an increasing number of supporters joining us in making a difference to carers’ lives.

It is our privilege to present this year’s review, which highlights another successful year for the Carers Centre. We owe a heartfelt thank you to our dedicated team of staff, volunteers, and students, whose passion, quality, and respect are the driving force behind the positive impact we achieve. Their commitment ensures that carers across Blackpool receive the very best support.

organisations and communities. Your contributions help to keep carers’ needs a priority on the agenda across the town

This year has been marked by hard work, significant achievements, and the continued development of our services. We remain deeply thankful to our funders, supporters, and donors, whose generosity and belief in our mission enable us to make a meaningful difference. Together, we have reached more isolated carers of all ages, creating better lives for many in Blackpool.

We are also immensely grateful for the growing number of individuals and corporate supporters who continue to raise awareness of unpaid carers and their challenges across various

Sarah Lambert Tom McMurdo Chair of Trustees Director of Finance & Resources

----- Start of picture text -----
You meet all sorts on our | whan
----- End of picture text -----

----- Start of picture text -----
Local primary
school pupils had lots
of fun during a visit to
Beaverbrooks House
----- End of picture text -----

----- Start of picture text -----
Young carer reaching
new heights during a
Take5 respite trip to
Clip ‘n’ Climb
AB
----- End of picture text -----

----- Start of picture text -----
BBC Breakfast with Jayne McCubbin —
----- End of picture text -----

REPORT OF THE TRUSTEES

The trustees who are also directors of

the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2015 (frsse).

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Name Blackpool Carers Centre Ltd

Registered Company number 05633524 (England and Wales)

Registered Charity number 1114558

Registered office

Blackpool Carers Centre Beaverbrooks House 147 Newton Drive Blackpool FY3 8LZ

Trustees

S Lambert, Chair T Jackson, Vice Chair A Gilmore, Treasurer J Topping A Ward S Howarth S Leighton B Reilly

Company Secretary Mr T W McMurdo

Auditors

Champion Accountants LLP Chartered Accountants & Statutory Auditors 7-9 Station Road Hesketh Bank Preston Lancashire PR4 6SN

Bankers

HSBC 1 Newhouse Road Oxford Square Blackpool Lancashire FY4 4YH

President: Professor Saul Becker

Patrons:

Mr John Barnett DL MBE Mrs Danielle Barnett Miss Hayley Kay Mr Clive Hirst

KEY MANAGEMENT PERSONNEL

The Trustees delegate responsibility for the day-to-day management of the charity to the following senior employees:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charitable Company (hereafter referred to as “the Charity”) is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

As set out in the Articles of Association, the board of trustees comprises not less than three trustees but not more than 12 trustees.

The Board is responsible for the recruitment and appointment of new Trustees. Each year a skills audit is undertaken and if gaps are identified, a recruitment process takes place. The recruitment process has been developed in order to attract a diverse group of

trustees with appropriate skills, knowledge and experience.

Occasionally potential trustees register an interest in the organisation. Following this, a meeting is arranged with the Chair and a Director and the trustee is held on a waiting list until an appropriate vacancy arises.

Induction and training of new trustees

Once a decision has been made to take up a Board position, Trustees receive an induction pack containing the annual report, strategy and business plan and detailed information about the organisation and the personal commitment required. Trustees are invited to visit Beaverbrooks House and shadow workers in order to ensure a detailed understanding of the work carried out.

Each year a Board Development Day is held, when trustees, supported by senior staff, take part in governance training and review the strategy, developing new ideas and learning about each other’s roles.

Organisational structure

The activities of the organisation are governed by the board of trustees, all of whom are directors. The board has established an Audit and Governance Sub-Committee.

Board meetings are held quarterly, and a board assurance framework has been established in order to guide the board and sub-committee agenda.

The Treasurer works closely with the finance team to provide assurance to the board around organisational finance.

The Board of Trustees appoints the Board of Directors who report to the Board on the operational running of the organisation.

ANNUAL REPORT 2023-24

REPORT OF THE TRUSTEES continued

Trustees’ attendance at board meetings

----- Start of picture text -----
Trustee 09.05.23 14.08.23 13.11.23 12.02.24
Sarah Lambert (Chair) x   
Alison Gilmore (Treasurer) x  x 
John Topping  x  
Sian Howarth x x  x
Anthony Ward    
Tracy Jackson (Vice Chair)    x
Sarah Leighton x   
Ben Reilly    
----- End of picture text -----

Relationships with funders are maintained and regarded as high priority in order to develop sustainable and diverse funding streams.

Related parties

None of the trustees receive remuneration or other benefits from their work with the charity. Trustees are invited to declare any relevant interests at each board meeting, and formally requested to submit an annual register of interests form.

Quality

Blackpool Carers Centre holds the Trusted Charity Level 1 Quality Mark and is a Carers Trust Centre of Excellence.

Blackpool Carers’ Centre Ltd is a network partner of Carers Trust.

OBJECTIVES AND ACTIVITIES

Remuneration policy

Objectives and aims

The board is responsible for considering the remuneration of all staff, taking account of the skills and experience required, as well as the sector norms for charities of this size. Staff pay is reviewed by the board of trustees and a full pay review has been conducted with a new salary structure in place.

The Charity’s objects as set out in the objects contained in the company’s memorandum of association are:

Risk management

The board follows a comprehensive risk management policy which clearly defines the roles of the board, audit committee and staff in identifying and managing risks, and how the register of risks should be used as a live document.

The board has a risk matrix to identify all major risks. Each risk is scheduled for attention according to the severity of its potential impact and the Audit and Governance Sub-Committee manages the risk process.

Purpose

The charity has a clear and easily understandable purpose which is to make ‘A Better Life for Carers’.

MarkSafety Limited has been employed to manage Health and Safety.

Public Benefit

The trustees have given careful consideration to the Charity Commission guidance on public benefit in setting its strategy and when planning for the future. The charity supports carers from age of 5 who live, attend school/college or have a GP in Blackpool. A wide variety of support is offered to carers, families and professionals without charge.

We provide:

In order to ensure that resources are allocated effectively and to reduce dependency on services, initial assessments identify carers who are in the highest need according to a ‘red/amber/green’ status. The most complex families receive time limited, intensive packages of support intended to improve the quality of their lives. At the end of the support plan, carers are able to access peer or volunteer led support alongside organised events and activities.

Beaverbrooks House is open 5 days a week from 8.00am to 6.00pm with activities also taking place most weekends. Carers can call into Beaverbrooks House at any time to use facilities, gardens, take part in activities or seek advice and support. By embedding ourselves in our community, we are able to introduce the concept of caring and its potential impact on individuals/ families and educate all our stakeholders in the services that we offer.

6 BLACKPOOL CARERS CENTRE

REPORT OF THE TRUSTEES continued

Charitable activities

In order to deliver our purpose, we have developed a strategy focusing on four areas and this is reviewed annually. With the use of an operational plan, we review how our activities have performed against outputs and outcomes. We report on impact and ensure that all planned activities will achieve our purpose. Regular reviews allow trustees to build on the successes and learn when things go wrong in order to feed into a cycle of continuous development.

A. Carers We will:

B. People - Developing a high-quality team of staff, volunteers, students and partners and be an employer of choice.

We will:

C. Resources – Developing a sustainable future.

We will:

ACHIEVEMENT AND PERFORMANCE

Over 2023/24:

For adult carers:

For young carers:

For young adult carers

Resources

We are particularly indebted to the many funders who have provided vital support this year. We are indebted to The Beaverbrooks Charitable Trust, who have not only provided Beaverbrooks House at a peppercorn rent for 20 years, but also provide the funding for our Volunteer Coordinator.

In addition to monetary support we have been fortunate to benefit from many pro bono supporters who provide professional guidance and corporate resources.

We very much appreciate the kindness of all our supporters who so generously fundraise and volunteer to make a better life for carers.

Passion, Quality, Respect

As part of our commitment to our staff, students and volunteers, we have introduced a values-based performance management system. This has seen the end of annual appraisals with monthly live time feedback, matched against our values.

Donations

We make every penny count. For every £1 we spend on fundraising, we bring in £20.60 to support more local carers (2023: £18.95).

FINANCIAL REVIEW

Financial review and reserves The results of the Group are summarised on the Statement of Financial Activities.

The closing reserves are shown on the Balance Sheet.

The group has reserves of £1,316,547 at the year end.

Of this total; £1,011,356 are designated funds which represent the net book value (after depreciation) of donated assets received in respect of leasehold improvements during the DIYSOS: BBC Children in Need Big Build in 2016 and the capital expenditure on the annexe development during 2023. There are also designated funds of £250,000 for young carers, £131,555 towards the Hospital Project and £199,715 for the Family Focus Project. This leaves a balance of £305,191 constituting free reserves.

The Charity’s reserves policy is to hold a level of 3-6 months free reserves equating to the unrestricted direct charitable costs for the year, being approximately £51,446 per month.

ANNUAL REPORT 2023-24

REPORT OF THE TRUSTEES continued

The free reserves of £305,191 currently represent around 6 months’ worth of those costs.

The Trustees will endeavour to retain this level in the future.

Investment policy and objectives The Charity is holding £200,000 in a deposit Bond for safekeeping.

Future Developments

During 2024 we will be focusing on:

Importantly, as the Health and Social Care landscape shifts, we will develop new ways of working that align with the priorities of our statutory partners.

Passionate, committed donors who understand the value of unpaid carers will often become informal ambassadors. We aim to connect with donors and help them to understand why donations are important and how their money will be used. We offer our donors choice and focus on the impact of their donations. We consult with donors regularly. Many donors accept recognition whereas some of our donors request anonymity.

Our Head of Fundraising holds the MInstF (Cert) qualification from the Institute of Fundraising (IoF). We have subscribed to the IoF’s Code of Fundraising Practice and pro-actively adhere to the code by training all staff and volunteers in its contents.

As a result of our relationship approach, we do not approach individuals for donations and we have not received any fundraising complaints. There is a clear process to deal with complaints.

GOING CONCERN

The accounts are prepared on a going concern basis, which the Trustees consider to be appropriate having considered the foreseeable future. The Charitable Company holds reserves which are sufficiently in line with its reserves policy.

Qualitative information, most

frequently communicated through case studies, is used to give a holistic picture of a case, both internally to measure performance and externally to inform our partners.

EMPLOYMENT POLICY

The charity’s policy is to promote equality of opportunity to all in employment and throughout the selection process, irrespective of their gender, race, ethnic origin, disability, age, nationality, sexuality, marital status and social class. Blackpool Carers oppose all forms of unlawful and unfair discrimination.

All employees, students and volunteers are treated fairly and equally. Selection for employment, promotion, training and any other benefits is on the basis of aptitude and ability. All employees are helped and encouraged to further develop to their full potential and the talents and the resources of the workforce are fully utilised to maximise the efficiency of the organisation.

OUR FUNDRAISING PRACTICE

MEASURING PERFORMANCE

Blackpool Carers Centre Ltd has moved away from a heavy reliance on statutory funding from the local authority. Instead, the Charity is developing and widening its income streams to ensure a sustainable future.

Our approach to fundraising is based on building and maintaining key relationships. We take this approach seriously, ensuring that donors feel fully involved in our work and able to see clearly why their donations are making a better life for carers. Whilst we accept single donations, we do not actively seek them. Our best fundraisers are the service delivery team who deliver excellence in their daily work.

The charity employs a number of tools to measure the performance of each of its projects. All carers across the service receive a pre and post intervention assessment, enabling a measure to be taken of the impact achieved by each project, both collectively and individually with carers and their families.

Quantitative information is generated through each contact made, with a range of key performance indicators, including referral numbers, instances of 1:1 support and activity attendances, all being regularly assessed to ensure quality throughout the service.

BLACKPOOL CARERS CENTRE

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees (who are also the directors of Blackpool Carers Centre Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United 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 charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing those financial statements, the trustees are required to

In so far as the trustees are aware:

AUDITORS

The auditors, Champion Accountants LLP will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

...................................................... in Casa

A Gilmore - Trustee

30th January 2025

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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

...................................................... Mr T W McMurdo - Secretary

30th January 2025

ANNUAL REPORT 2023-24 9 OC

REPORT OF THE INDEPENDENT AUDITORS

Opinion

We have audited the financial statements of Blackpool Carers Centre Limited (the 'parent company') and its subsidiaries (the ‘group’) for the year ended 31st March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

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 assurance 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 inconsistent 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 there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 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:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

BLACKPOOL CARERS CENTRE

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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 detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the Charitable company's / Group’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's / Group’s members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charitable Company/Group and the Charitable Company's / Group’s members as a body, for our audit work, for this report, or for the opinions we have formed.

P Buck FCA,DChA (Senior Statutory Auditor) for and on behalf of Champion Accountants LLP Chartered Accountants & Statutory Auditors 7-9 Station Road Hesketh Bank Preston Lancashire PR4 6SN

30th January 2025

ANNUAL REPORT 2023-24 11 @

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31st March 2024 (incorporating income and expenditure account)

2024 2023 Unrestricted Restricted Total funds Total funds funds fund Notes £ £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 173,021 424,083 597,104 532,674 Charitable activities Direct charitable activities 5 460,166 6,116 466,282 385,160 Other trading activities 3 97,913 - 97,913 88,043 Investment income 4 14,486 - 14,486 5,376 Total 745,586 430,199 1,175,785 1,011,253 EXPENDITURE ON Raising funds 6 57,056 - 57,056 53,345 Charitable activities 7 Direct charitable activities 617,354 430,199 1,047,553 1,010,108 Total 674,410 430,199 1,104,609 1,063,453 NET INCOME BEFORE TRANSFERS 71,176 - 71,176 (52,200) Gross transfers between funds 19 - - - - NET INCOME 71,176 - 71,176 (52,200) RECONCILIATION OF FUNDS Total funds brought forward 1,245,371 - 1,245,371 1,297,571 TOTAL FUNDS CARRIED FORWARD 1,316,547 - 1,316,547 1,245,371

The consolidated figures above include the results of the Charity which had income for the year of £1,157,217 (2023: £1,000,157) and a net surplus of £72,921 (2023: -£51,866).

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

BLACKPOOL CARERS CENTRE

BALANCE SHEETS

as at 31st March 2024

Consolidated
Charity
2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023
Group Group Charity Charity Group Group Charity Charity Group Group Charity Charity
Notes £ £ £ £ Notes £ £ £ £ Notes £ £ £ £
FIXED ASSETS
Tangible assets 14 430,086 474,378 424,586 467,044 Tangible assets 14 430,086 474,378 424,586 467,044 Tangible assets 14 430,086 474,378 424,586 467,044
Investments 15 - - 100 100 Investments 15 - - 100 100 Investments 15 - - 100 100
430,086 474,378 424,686 467,144 430,086 474,378 424,686 467,144 430,086 474,378 424,686 467,144
CURRENT ASSETS
Stock - raw materials 2,326 3,690 2,326 3,690 Stock - raw materials 2,326 3,690 2,326 3,690 Stock - raw materials 2,326 3,690 2,326 3,690
Debtors 16 81,364 142,753 80,062 153,038 Debtors 16 81,364 142,753 80,062 153,038 Debtors 16 81,364 142,753 80,062 153,038
Investments 17 831,623 646,588 831,623 646,588 Investments 17 831,623 646,588 831,623 646,588 Investments 17 831,623 646,588 831,623 646,588
Cash at bank 161,765 105,861 152,608 85,205 Cash at bank 161,765 105,861 152,608 85,205 Cash at bank 161,765 105,861 152,608 85,205
1,077,078 898,892 1,066,619 888,521 1,077,078 898,892 1,066,619 888,521 1,077,078 898,892 1,066,619 888,521
CREDITORS
Amounts falling due within one year 18 (190,617 Amounts falling due within one year 18 (190,617 Amounts falling due within one year 18 (190,617)(127,899)(189,177)(126,458)

NET CURRENT ASSETS886,461 770,993 877,442 762,063
886,461 770,993 877,442 762,063
886,461 770,993 877,442 762,063

TOTAL ASSETS LESS CURRENT LIABILITIES1,316,547 1,245,371 1,302,128 1,229,207
1,316,547 1,245,371 1,302,128 1,229,207
1,316,547 1,245,371 1,302,128 1,229,207
NET ASSETS1,316,547 1,245,371 1,302,128 1,229,207 1,316,547 1,245,371 1,302,128 1,229,207 1,316,547 1,245,371 1,302,128 1,229,207

FUNDS
Unrestricted funds: 19 Unrestricted funds: 19
General fund 305,191 423,160 298,104 414,328 General fund 305,191 423,160 298,104 414,328 General fund 305,191 423,160 298,104 414,328
Designated fund – leasehold improvements
donated* 1,011,356 822,211 1,004,024 814,879 donated* 1,011,356 822,211 1,004,024 814,879 donated* 1,011,356 822,211 1,004,024 814,879
1,316,547 1,245,371 1,302,128 1,004,024 1,316,547 1,245,371 1,302,128 1,004,024 1,316,547 1,245,371 1,302,128 1,004,024
Restricted fund - - - - Restricted fund - - - - Restricted fund - - - -
TOTAL FUNDS1,316,547 1,245,371 1,302,128 1,229,207 1,316,547 1,245,371 1,302,128 1,229,207 1,316,547 1,245,371 1,302,128 1,229,207

*The designated fund represents the net book value (after depreciation) of donated assets received in respect of leasehold improvements. This does not represent available liquid resources.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Trustees on and were signed on its behalf by: 30th January 2025

................................................... ti. Gos

A Gilmore -Trustee

Registered Company Number: 05633524 (England and Wales); Charity Number: 1114558

13 |

ANNUAL REPORT 2023-24

CASH FLOW STATEMENT

for the year ended 31st March 2024

2024 2023 Notes £ £ Cash flows from operating activities: Cash generated from operations 1 227,203 (42,078) Net cash provided by (used in) operating activities 227,203 (42,075) Cash flows from investing activities: Purchase of tangible fixed assets (751) (17,232) Disposal of tangible fixed assets - - Interest received 14,486 5,376 Net cash provided by (used in) investing activities 13,735 (11,856) Change in cash and cash equivalents in the reporting period 240,939 (53,934) Cash and cash equivalents at the beginning of the reporting period 752,449 806,383 Cash and cash equivalents at the end of the reporting period 993,388 752,449

BLACKPOOL CARERS CENTRE

NOTES TO THE CASH FLOW STATEMENT

for the year ended 31st March 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2024 2023 £ £ Net income for the reporting period (as per the statement of financial activities) 71,176 (52,200) Adjustments for: Depreciation charges 45,042 52,098 Interest received (14,486) (5,376) Decrease/(Increase) in stocks 1,364 (3,117) Decrease/(Increase) in debtors 61,389 (79,607) Increase/(Decrease) in creditors 62,718 46,124 Net cash provided by (used in) operating activities 227,203 (42,078)

ANNUAL REPORT 2023-24

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31st March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company have been prepared in accordance with the Charities SORP (FRS102) 'Accounting and Reporting by Charities: Statement of Recommended Practice and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.

Group Financial Statements

These Financial Statements consolidate the results of the charity, and its subsidiary: Blackpool Carers Centre Trading Limited on a line by line basis. Details of the relationship between these entities are included in the notes to the Financial Statements.

Income

All income is recognised in the Statement of Financial Activities once the charity has legal entitlement to the funds, it is possible that the income will be received and the amount can be measured reliably.

Grants are credited to income (voluntary income; where no conditions are attached) as they are received except where there is confirmation from the donor that these should be deferred, to be matched against future costs.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Allocation and apportionment of costs

Support costs

There is only one charitable activity heading, and a very small proportion of charitable activities are attributed to fund raising, therefore to reallocate support costs to this heading would be meaningless and the figures involved immaterial.

Only costs formerly included in governance are shown as support costs and allocated to charitable activities. Since there is only one charitable activity heading, all costs are included there.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements - 5% straight line over the life of the lease Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on reducing balance Motor vehicles - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

BLACKPOOL CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS continued

for the year ended 31st March 2024

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Donated assets and services

In accordance with the Charity SORP, donated services are included in the accounts at the value they would have otherwise have been if paid for by a customer. Donated goods are included at the cost to the donor. The resulting amount is shown within donation income on the Statement of Financial Activities, with a corresponding cost heading within charitable activities. Items that would normally be capitalised are included as fixed assets and depreciated over the life of the asset as noted above. The value of volunteer labour is not included within the Accounts except as a narrative note valued by taking the amount of time given multiplied by a reasonable rate per hour (such as national minimum wage). Goods donated for re-sale, especially those that are difficult to place a value on, are not included within the accounts (as income or stock) until the items are sold when the price sold for is recorded as income.

Investments

Investments are shown at market value.

Stock

Stocks are included at the lower of cost and net realisable value.

ANNUAL REPORT 2023-24

NOTES TO THE FINANCIAL STATEMENTS continued

for the year ended 31st March 2024

2. DONATIONS AND LEGACIES – Charity and Group

2024 2023 £ £ Donations 70,772 95,512 Grants 494,367 404,975 Donated services 31,965 32,187 597,104 532,674 Grants received, included in the above, are as follows: 2024 2023 £ £ Beaverbrooks Charitable Trust 28,000 21,000 Blackpool CCG - Connect 5 25,350 25,350 Blackpool Council – Cost of Living - 24,188 Blackpool Council – Home Recovery - 25,000 Blackpool Council – Household Support - 5,500 Blackpool Council – Managing Challenging Behaviour 26,575 26,575 Cares Trust – Making Carers Count 39,540 39,540 Carers Trust – Employability 15,000 - Carers Trust – Time for Me - 5,135 Children in Need 39,878 40,729 Eric Wright Charitable Trust 30,000 48,500 Henry Smith 39,570 - ICB – VCFCE Transformation 70,284 - Individual grant 9,912 12,049 The National Lottery Community Fund – RC North West Region 99,181 99,181 The National Lottery Community Fund – Know Your Neighbourhood 22,494 - RISE 8,500 - St James’ Place Charitable Trust 4,375 7,500 UK Community Foundations 35,708 - Vera Wolstencroft Trust - 24,728 494,367 404,975

BLACKPOOL CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS continued

for the year ended 31st March 2024

3. OTHER TRADING ACTIVITIES 2024 2023 £ £ Fundraising and events - charity 79,344 76,947 Trading - subsidiary 18,569 11,096 97,913 88,043 4. INVESTMENT INCOME - Charity & Group 2024 2023 £ £ Deposit account interest 14,486 5,376 Interest receivable – trading - - 14,486 5,314 5. INCOME FROM CHARITABLE ACTIVITIES - Charity & Group 2024 2023 £ £ Activity Social work, student placements Direct charitable activities 5,400 8,020 Contract income Direct charitable activities 443,861 361,496 Support services Direct charitable activities 17,021 15,644 466,282 385,160 2024 2023 £ £ Grants received, included in the above, are as follows: Blackpool CCG - Adult Carers' Support 193,873 193,873 Blackpool CCG - Carers Break and Relief Fund 10,312 10,312 Blackpool CCG - Dementia Support 77,343 77,343 Blackpool CCG - Young Carers’ Support 64,968 64,968 Blackpool Council - Early Help 35,000 8,750 Blackpool Council - HAF 6,115 - ICB - TOCH 56,250 6,250 443,861 361,496 6. RAISING FUNDS - Charity & Group 2024 2023 £ £ Fundraising costs - Charity 36,741 41,914 Charity shops and trading - subsidiary 20,315 11,431 57,056 53,345 7. CHARITABLE ACTIVITIES COSTS - Charity & Group Grant funding Support Direct of activites costs Totals costs (see note 8) (see note 9) £ £ £ Direct charitable activities 1,024,766 12,446 10,341 1,047,553

ANNUAL REPORT 2023-24

NOTES TO THE FINANCIAL STATEMENTS continued

for the year ended 31st March 2024

8. GRANTS PAYABLE - Charity & Group

Grants paid to individuals amount to £12,446 (2023: £20,089).

9. SUPPORT COSTS – Group

Governance costs £ Direct charitable activities - Charity 10,341 10. NET INCOME/(EXPENDITURE) - Group

Net income/(expenditure) is stated after charging/(crediting): 2024 2023 £ £ Auditors’ remuneration – charity 8,280 7,920 Accountancy fees – subsidiary 1,440 1,440 Depreciation – owned assets 12,542 18,607 Depreciation – donated assets 32,500 32,500

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees’ expenses in the year ended 31 March 2024.

12. STAFF COSTS - Charity & Group

2024 2023 £ £ Wages and salaries 651,476 602,988 Social security costs 55,627 53,426 Other pension costs 19,566 19,124 726,669 675,538 The average monthly number of employees during the year was as follows: 2024 2023 Charity 24 23 Subsidiary 0 0 Group total 24 23

The key management personnel of the Charity are noted in the Trustees Report. The total employee benefits of the key management personnel of the Charity were £151,449 (2023: £144,518).

No member of staff was paid more than £60,000 during the year (being the reportable limit specified by the Charity Commission).

There are pension contributions outstanding at the balance sheet date of £46 (2023: £811).

BLACKPOOL CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS continued

for the year ended 31st March 2024

13. GRANT INCOME IN ADVANCE – Charity (note 18)

As at 1/4/23 Movement As at 31/3/24 £ £ £ National Lottery Community Fund - Reaching Communities 32,116 (15,136) 16,980 Blackpool Council - Early Help 26,250 - 26,250 Children in Need 6,663 (20) 6,643 Henry Smith - 28,231 28,231 The Community Foundation - Moore & Smalley - 3,933 3,933 ICB - TOCH 18,750 (18,750) - ICB - VCFSE Transformation - 74,540 74,540 St James’ Place Charitable Trust 4,375 (4,375) - 88,154 68,423 156,577 Group total 88,154 68,423 156,577

ANNUAL REPORT 2023-24

NOTES TO THE FINANCIAL STATEMENTS continued

for the year ended 31st March 2024

14 a) TANGIBLE FIXED ASSETS - Group

Leasehold Improve- Plant Fixtures Improvements ments to and (Donated) Property Machinery Fittings Vehicles Totals £ £ £ £ £ £ COST At 1st April 2023 580,234 8,987 137,948 55,250 31,540 813,959 Additions/(Disposals) - - 751 - - 751 At 31st March 2024 580,234 8,987 138,699 55,250 31,540 814,710 DEPRECIATION At 1st April 2023 155,808 4,951 110,632 39,027 29,162 339,580 Charge for year 32,500 1,008 6,884 4,056 595 45,043 At 31st March 2024 188,308 5,959 117,516 43,083 29,757 384,623 NET BOOK VALUE At 31st March 2024 391,926 3,028 21,183 12,167 1,783 430,086 At 31st March 2023 424,426 4,035 27,316 16,223 2,378 474,378 14 b) TANGIBLE FIXED ASSETS - Charity Leasehold Plant Fixtures Improvements and and Motor (Donated) Machinery Fittings Vehicle Totals £ £ £ £ £ COST At 1st April 2023 580,234 137,948 48,794 31,540 798,516 Additions/Disposals - 751 - - 751 At 31st March 2024 580,234 138,699 48,794 31,540 799,267 DEPRECIATION At 1st April 2023 155,808 110,632 35,870 29,162 331,471 Charge for year 32,500 6,884 3,231 595 43,209 At 31st March 2024 188,308 117,516 39,101 29,756 374,681 NET BOOK VALUE At 31st March 2024 391,926 21,183 9,693 1,784 424,586 At 31st March 2023 424,426 27,316 12,924 2,378 467,044

BLACKPOOL CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS continued

for the year ended 31st March 2024

15. SUBSIDIARY COMPANY

The Charity has one trading subsidiary: Blackpool Carers Centre Trading Ltd, a company incorporated in England and Wales which is consolidated into the results of the Charity. The Charity owns the entire share capital of the trading subsidiary, being 100 £1 ordinary shares.

The audited Financial Statements of Blackpool Carers Centre Trading Ltd for the year ended 31st March 2024 are filed with the Registrar of Companies. A summary of the trading results of Blackpool Carers Centre Trading Ltd are shown below:

2024 £ Turnover 18,569 Cost of sales (2,909) Gross profit 15,660 Administrative and finance costs (15,573) Depreciation (1,833) Net Profit for the year (1,746) The aggregate of assets, liabilities and reserves is: 2024 £ Fixed Assets 5,500 Current Assets 11,083 Current Liabilities (2,064) Total reserves 14,519

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



Trade debtors
Inter company account
Other debtors
Prepayments
 Group
2024 2023
£ £
65,624 131,021
- -
6,704 2,392
9,036 9,340
81,364 142,753		 Charity
2024 2023
£ £
63,698 130,390
624 10,916
6,704 2,392
9,036 9,340
80,062 153,038

ANNUAL REPORT 2023-24

NOTES TO THE FINANCIAL STATEMENTS continued

for the year ended 31st March 2024

17. CURRENT ASSET INVESTMENTS

17. CURRENT ASSET INVESTMENTS
Group Charity
2024 2023 2024 2023
£ £ £ £
Unlisted investments - bonds and deposits 831,623 646,526 831,623 646,526
18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group Charity
2024 2023 2024 2023
£ £ £ £
Trade creditors 8,195 28,599 8,195 28,599
Social security and other taxes 14,265 811 14,265 811
Accruals and deferred income (note 13) 156,577 88,154 156,577 88,154
Accrued expenses 11,580 10,334 10,140 8,894
190,617 127,899 189,177 126,458
19. MOVEMENT IN FUNDS - Charity & Group
Net movement Transfers
At 1.4.23 in fundsbetween funds At 31.3.24
£ £ £ £
Unrestricted funds
Designated fund - Charity 814,879 72,921 - 887,800
General fund - Charity 414,328 - - 414,328
Designated fund - Subsidiary 7,332 (1,832) - 5,500
General fund - Subsidiary 8,832 87 - 8,919
1,245,371 71,176 - 1,316,547
Restricted funds
Restricted fund - Charity & Group - - - -
TOTAL FUNDS 1,245,371 1,316,547 - 1,316,547

Analysis of net assets between funds: Group
Restricted Unrestricted Total
funds funds 2024
£ £ £
Fixed Assets - 430,086 430,086
Current Assets - 1,077,078 1,077,078
Current Liabilities - (190,617) (190,617)
Net Assets - 1,316,547 1,316,547

BLACKPOOL CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS continued

for the year ended 31st March 2024

19. MOVEMENT IN FUNDS - Charity & Group - Continued

Analysis of net assets between funds: Charity

Restricted Unrestricted Total funds funds 2024 £ £ £ Fixed Assets and Investments - 424,686 424,686 Current Assets - 1,066,619 1,066,619 Current Liabilities - (189,177) (189,177) Net Assets - 1,302,128 1,302,128

Designated funds are allocated as follows: £430,086 is a designated fund which represents the net book value (after depreciation) of leasehold improvements donated in 2017 and for further assets purchased in 2023), £250,000 is designated for specific elements of the Young Carers programme, £131,555 is designated for hospital discharge and rehabilitation and £199,715 is designated for Family Focus. This leaves a balance of £305,191 constituting general / free reserves.

The transfer from restricted funds to unrestricted funds represents costs incurred in head office and central activities relating to restricted projects which have been re-charged by way of a management recharge.

20. RELATED PARTY DISCLOSURES

During the year the charity incurred net income totalling £14,000 in relation to the trading subsidiary. The balance owed by the trading subsidiary at the year end, and shown within debtors is £624 (2022 creditors: £32,776).

21. DONATED SERVICES AND FACILITIES

The figure recognised as income/expenditure relating to donated services and facilities may be summarised as follows:

£ General donations 11,966 Notional annual rent- Beaverbrooks House 20,000 31,966

ANNUAL REPORT 2023-24

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

Comparative figures for the year ended 31st March 2024

Unrestricted Restricted Total funds funds funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 130,894 401,780 532,674 Charitable activities Direct charitable activities 385,160 - 385,160 Other trading activities 88,043 - 88,043 Investment income 5,376 - 5,376 Total 609,473 401,780 1,011,253 EXPENDITURE ON Raising funds 53,345 - 53,345 Charitable activities Direct charitable activities 608,328 401,780 1,010,108 Total 661,673 401,780 1,063,453 NET INCOME BEFORE TRANSFERS (52,200) - (52,200) Gross transfers between funds - - - NET INCOME (52,200) - (52,200) RECONCILIATION OF FUNDS Total funds brought forward 1,297,571 - 1,297,571 TOTAL FUNDS CARRIED FORWARD 1,245,371 - 1,245,371

BLACKPOOL CARERS CENTRE

CHARITY INCOME AND EXPENDITURE

ANNUAL REPORT 2023-24

To make a donation to provide respite for our carers Text BLACKPOOLCARERS to 70085 to give £5[* ]

OR

*Texts charged at your standard network rate

blackpoolcarers

Blackpool Carers Beaverbrooks House, 147 Newton Drive, Blackpool FY3 8LZ Tel: 01253 393748 Email: admin@blackpoolcarers.org www.blackpoolcarers.org @BlackpoolCarers blackpoolcarers Blackpool Carers Centre Limited

Registered as a company limited by guarantee in England and Wales No. 5633524.