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2021-03-31-accounts

Charity Registration No. 1120693

Company Registration No. 6297277 (England and Wales)

CARE NETWORK CAMBRIDGESHIRE

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

CARE NETWORK CAMBRIDGESHIRE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees W Mortimer J Worth S Ellington M Pearce Higgins G Barron M Hill Secretary S Willis Charity number 1120693 Company number 6297277 Registered office 18 Broadway House 149-151 St Neot''s Road Hardwick Cambridge United Kingdom CB23 7QJ Auditor Azets Audit Services Ruthlyn House 90 Lincoln Road Peterborough United Kingdom PE1 2SP

CARE NETWORK CAMBRIDGESHIRE

CONTENTS

Page
Trustees' report 1 - 4
Statement of trustees' responsibilities 5
Independent auditor's report 6 - 8
Statement of financial activities 9 - 10
Balance sheet 11
Statement of cash flows 12
Notes to the financial statements 13 - 24

CARE NETWORK CAMBRIDGESHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report and financial statements for the year ended 31 March 2021.

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 Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The charity's objects are "To facilitate the relief of sickness and distress and improve the quality of life by reducing social isolation and improving independence for older and otherwise vulnerable adults, in Cambridgeshire and neighbouring counties".

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Care Network Cambridgeshire exists to help people to stay healthy, independent and to keep in touch with their community.

Our vision is for individuals to choose their own independent lifestyle and social activities, provided with as much information and support as they need. The health and well-being of individuals is improved or maintained, hospital stays are minimised and recovery is as fast as possible. Communities involve local people to support each other both individually and through groups and activities.

This report documents our activities over the past 12-months, and as such is our account of the Covid-19 pandemic, the way it has impacted our clients, volunteers, staff and the charity as a whole. Care Network Cambridgeshire (CNC) is here to enable individual clients and communities to live happier, healthier and independent lives, as such it is right that we should firstly report on how we achieved this in a year filled with lockdowns and uncertainty:

This was our initial response to community need at the start of Lockdown 1, where we swiftly mobilised to support local residents, collaborating and partnering across sectors to ensure there was ‘no wrong front door’ to people getting the support needed. In a 3-month period this service received 197 referrals, providing 643 contact sessions. From August 2020 this became an established service, Project Catalyst, with a focus on wellbeing and supporting community groups. Herein there have been 353 referrals to our wellbeing service, which provided 1,100 contact sessions. Moreover, our wonderful volunteers gave 804 hours of Check and Chat support to clients at risk of loneliness, isolation and low mood.

CARE NETWORK CAMBRIDGESHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Reflecting on what these numbers mean in the context of Covid-19, it describes how from the end of March 2020, when so much was unknown and in many ways the country felt paralysed with fear, CNC was able to rapidly mobilise and adapt to completely new ways of working, all the time holding safety of clients, staff and volunteers at the forefront of our minds. This data tells the story of 29,538 times when CNC was able to ensure that we were there, alongside local people. We saw the pandemic increase health inequalities within our local landscape, increase requests for support relating to food poverty, and as a result, we are committed to continuing to work alongside partners, colleagues and communities to address this, together we are all stronger and can make more of a difference.

CNC saw how Covid-19 brought out the best in communities and it has been an honour and inspiration to work with them. Throughout this time, we maintained our ethos of ‘people at the heart of everything’ this means working with and not doing to, whether that is supporting individual client of community groups to achieve their ambitions and goals.

The Board of Trustees are exceptionally proud of our Leadership Team and Senior Coordinators who managed to not only deliver these unprecedented changes in service provision, but also maintained focus on delivering our 3-year strategic goals. Each year the charity strives to remain on target to achieve these through reviewing our strategic priorities for the next 12-months and this has enabled us to perform to the levels that we have during this new reality which has become the way we all now work and live. CNC would like to note our gratitude and appreciation to our trustees for their unwavering commitment and support during this time.

More challenges stand before CNC over the next 12-months, we must not only survive but continue to adapt in order to thrive and support local need. It is because of the dedication of all our staff and volunteers, we are hopeful about the future. To these wonderful people, as well as partners across systems and sectors we say thank you for your friendship, collaboration, and commitment.

Fundraising policy

The charity does not actively fundraise amongst the public, although it does hold occasional fundraising events (online fundraising campaigns etc).

The charity does not use any outside or third party fundraisers. Where the charity does receive donations (which it considers unsolicited) it monitors the source to ensure it is suitable to receive the donation in terms of potential vulnerability of the donor or reputational risk to the charity.

No complaints have been received by the charity,

CARE NETWORK CAMBRIDGESHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Financial review

The charity had total funds of £521,497 (2020 - £370,053) at the year end, of which it considers £176,412 free (2020 - £217,965). The trustees consider the position satisfactory. The principal financial risk to the charity is the withdrawal of grant income from its main funders. The trustees consider the free reserve level sufficient to cover such funding shortfall in the short term.

As part of the annual budgeting process, trustees consider the desirable level of free unrestricted reserves for the coming year. The charity uses these reserves in a variety of ways including pump priming of new services, support for existing services where funding has fallen short of expenditure and to fund the liabilities in the event of closure of the charity. The annual review takes into account the current level of expenditure for Care Network Cambridgeshire, an assessment of the risk regarding the main source of income, the trends and pressures on grant funding and the level of reserves that can be realistically achieved. The trustees will annually review the evidence and agree an appropriate level of reserves. This review will incorporate an action plan to increase reserves if necessary and set guidelines for spending against the reserves. Progress against the action plan will be monitored by the trustees at their regular meeting and any investment decisions will take into account the required reserve level. In quantifying a range of free reserves the trustees consider free reserves between £150,000 and £300,000 acceptable with the upper figure being more desirable.

Risk management

The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The trustees are committed to an ongoing policy of identifying, monitoring and managing all operational, financial and strategic risk. The trustees regularly review key risks which are rated based on severity and likelihood of occurrence and ensure that appropriate mitigations are in place to protect the charity.

Structure, governance and management

The charity is a company limited by guarantee with charitable status, formed on 29th June 2007, and governed by a Memorandum and Articles of Association. Its unincorporated predecessor charity, Care Network, was originally formed in October 1994.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

W Mortimer

S McGrady (Resigned 20 June 2020) J Worth S Ellington P Beecroft (Resigned 30 April 2021) M Pearce Higgins G Barron M Hill

Care Network Cambridgeshire is controlled by a Board of Trustees (7 Trustees in 2020/21). The board meets every 2 months with the Chief Executive Officer to set policy and strategic direction, monitor performance, approve policies and agree areas for research or action. The day to day management of the charity is delegated to the Chief Executive Officer. Trustees are recruited seeking a spread of skills and/or client group representation to ensure a diverse board, representative of the community the charity serves. New trustees provide a personal summary and references, and are elected in accordance with the Articles of Association. These articles provide for the election of trustees for a full term with a three year rotational retirement, and also for the co-option of trustees until the next AGM. New trustees receive an induction pack, details of staff, services and a copy of written policies. Appropriate training is offered for relevant skills development. The trustees periodically review these procedures with reference to guidance published by the Charity Commission.

CARE NETWORK CAMBRIDGESHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Future plans

Within the last 12-months so much has been achieved, all driven by our ethos of “people at the heart of everything”. As such, following our strategic priority setting session in February 2020, our focus on delivering innovative services is going to draw upon improving organisational learning, development, and processes.

As one would expect, much of our 2021-2022’s plans will be centred around support and recovery from Covid-19. We have proven how agile and responsive we are to address the impact of this pandemic and will continue to work alongside local communities and residents in a person centred approach as our journey with this devastating virus in our lives continues.

Investment powers

The trustees having regards for the operational needs of the charity and security of funds have kept available funds in interest bearing deposit accounts.

Public benefit

In order to fulfil its charitable objects and for the public benefit, Care Network Cambridgeshire delivers direct services to older and vulnerable people and supports community groups to do the same. In developing strategy and planning service delivery, the trustees comply with their duty to have due regard to the guidance on public benefit published by the Charity Commission.

Pay policy and senior staff

The pay of senior staff is reviewed annually be the trustees and normally increased annually for rises in the cost of living. Specific roles have salary levels set commensurable with salaries set by similar organisations for comparable roles.

Further information about the activities of Care Network Cambridgeshire is contained in the Annual Report.

Auditor

In accordance with the company's articles, a resolution proposing that Azets Audit Services be reappointed as auditor of the company will be put at a General Meeting.

The trustees' r eport was approved by the Board of Trustees.

W Mortimer

Trustee Dated: 25 June 2021

CARE NETWORK CAMBRIDGESHIRE

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2021

The trustees, who are also the directors of Care Network Cambridgeshire for the purpose of company law, are responsible for preparing the Trustees' Report 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 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 statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CARE NETWORK CAMBRIDGESHIRE

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CARE NETWORK CAMBRIDGESHIRE

Opinion

We have audited the financial statements of Care Network Cambridgeshire (the ‘charity’) for the year ended 31 March 2021 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the 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, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 auditor’s report thereon. Our opinion on the financial statements does not cover the other information and 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.

CARE NETWORK CAMBRIDGESHIRE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CARE NETWORK CAMBRIDGESHIRE

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the s tatement of trustees' r esponsibilities, the trustees, who are also the directors of the charity for the purpose of company law, 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.

In preparing the financial statements, the trustees are responsible for assessing the charity’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.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 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 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: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

CARE NETWORK CAMBRIDGESHIRE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CARE NETWORK CAMBRIDGESHIRE

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Mark Jackson FCA DChA (Senior Statutory Auditor) for and on behalf of Azets Audit Services

17 August 2021

Statutory Auditor

Ruthlyn House 90 Lincoln Road Peterborough United Kingdom PE1 2SP

Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006.

CARE NETWORK CAMBRIDGESHIRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted Unrestricted
Restricted
funds
funds
funds
general d esignated
2021
2021
2021
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
29,258
-
2,645
Charitable activities
4
39,429
-
1,018,876
Investments
5
2,028
-
-
Other income
6
2,700
-
1,318
Total income
73,415
-
1,022,839
Expenditure on:
Raising funds
7
30,000
-
-
Charitable activities
8
2,809
5,286
906,715
Total resources expended
32,809
5,286
906,715
Net incoming resources before transfers
40,606
(5,286)
116,124		 TotalUnrestricted Unrestricted
funds
funds
general
d esignated
2021
2020
2020
£
£
£
31,903
5,421
-
1,058,305
71,775
-
2,028
1,769
-
4,018
7,296
-
1,096,254
86,261
-
30,000
-
-
914,810
34,114
16,817
944,810
34,114
16,817
151,444
52,147
(16,817)		 Restricted
funds
2020
£
23,712
910,540
-
1,823
936,075
-
951,864
951,864
(15,789)		 Total
2020
£
29,133
982,315
1,769
9,119
1,022,336
-
1,002,795
1,002,795
19,541

CARE NETWORK CAMBRIDGESHIRE

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Net incoming resources before transfers
Gross transfers between funds
Net (expenditure)/income for the year/
Net movement in funds
Fund balances at 1 April 2020
Fund balances at 31 March 2021		 40,606
(95,215)
(54,609)
231,021
176,412		 (5,286)
95,215
89,929
-
89,929		 116,124
-
116,124
139,032
255,156		 151,444
-
151,444
370,053
521,497		 52,147
-
52,147
178,874
231,021		 (16,817)
-
(16,817)
16,817
-		 (15,789)
-
(15,789)
154,821
139,032		 19,541
-
19,541
350,512
370,053

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.

CARE NETWORK CAMBRIDGESHIRE

BALANCE SHEET

AS AT 31 MARCH 2021

2021
Notes
£
Fixed assets
Tangible assets
12
Current assets
Debtors
13
38,478
Cash at bank and in hand
673,996
712,474
Creditors: amounts falling due within
one year
14
(204,306)
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
16
Unrestricted funds
Designated funds
17
89,929
General unrestricted funds
176,412		 2020
£
£
13,329
14,087
476,646
490,733
(133,736)
508,168
521,497
255,156
-
231,021
266,341
521,497		 £
13,056
356,997
370,053
139,032
231,021
370,053

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 2021, although an audit has been carried out under section 144 of the Charities Act 2011.

The trustees 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 its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 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 under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 25 June 2021

W Mortimer Trustee

Company Registration No. 6297277

CARE NETWORK CAMBRIDGESHIRE

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Notes
Cash flows from operating activities
Cash generated from operations
21
Investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2021
£
(5,559)
2,028		 £
200,881
(3,531)
-
197,350
476,646
673,996		 2020
£
(14,433)
1,769		 £
13,347
(12,664)
-
683
475,963
476,646

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

Care Network Cambridgeshire is a private company limited by guarantee incorporated in England and Wales. The registered office is 18 Broadway House, 149-151 St Neot''s Road, Hardwick, Cambridge, CB23 7QJ, United Kingdom.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 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 specific conditions by donors that the capital must be maintained by the charity.

1.4 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 it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance 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 receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Income and expenses are included in the financial statements as they become receivable or due.

Expenses include VAT where applicable as the company cannot reclaim it.

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.6 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 the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 10% Straight line basis Computers 33.33% Straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

It is the policy of the charity to capitalise assets acquired with a value in excess of £1,000.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying 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 impairment loss (if any ) .

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with 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.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party 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 balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services 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 charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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 sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ 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

Unrestricted
Restricted
funds
funds
general
2021
2021
£
£
Donations and gifts
6,370
2,645
Government grant income
22,888
-
29,258
2,645		 Total
2021
£
9,015
22,888
31,903		 Total
2020
£
29,133
-
29,133

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

4 Charitable activities

Charitable Charitable
Activities Activities
2021 2020
£ £
Income from charitable activities 1,058,305 982,315
Analysis by fund
Unrestricted funds - general 39,429 71,775
Restricted funds 1,018,876 910,540
1,058,305 982,315

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

5 Investments

Interest receivable
Other income
Unrestricted
Restricted
funds
funds
general
2021
2021
£
£
Other income
2,700
1,318
Raising funds
Fundraising and publicity
Other fundraising costs		 UnrestrictedUnrestricted
funds
funds
general
general
2021
2020
£
£
2,028
1,769
TotalUnrestricted
Restricted
Total
funds
funds
general
2021
2020
2020
2020
£
£
£
£
4,018
7,296
1,823
9,119
Unrestricted
Total
funds
general
2021
2020
£
£
30,000
-
30,000
-

6 Other income

7 Raising funds

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

8 Charitable activities

Charitable Charitable
Activities Activities
2021 2020
£ £
Staff costs 493,346 553,456
Depreciation and impairment 5,286 2,916
Staff training and travel 16,423 25,413
Project and volunteer costs 70,763 97,989
Office accommodation costs 46 2,221
Office running costs 8,719 11,993
Professional fees 3,065 9,413
597,648 703,401
Share of support costs (see note 9) 310,945 294,534
Share of governance costs (see note 9) 6,217 4,860
914,810 1,002,795
Analysis by fund
Unrestricted funds - general 2,809 34,114
Unrestricted funds - designated 5,286 16,817
Restricted funds 906,715 951,864
914,810 1,002,795
For the year ended 31 March 2020
Unrestricted funds - general 34,114
Unrestricted funds - designated 16,817
Restricted funds 951,864
1,002,795

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

9 Support costs

Support
costs
Governance
costs
£
£
Staff costs
220,986
-
Staff training and travel
3,596
-
Trustee expenses
-
1,117
Office accommodation costs
42,019
-
Office running costs
35,300
-
Professional fees
8,563
5,100
Financing costs
481
-
310,945
6,217
Analysed between
Charitable activities
310,945
6,217		 2021
£
220,986
3,596
1,117
42,019
35,300
13,663
481
317,162
317,162		 2020
£
182,144
3,332
60
54,213
47,181
11,954
510
299,394
299,394

Governance costs includes payments to the auditors of £ 5,100 (2020- £ 4,800 ) for audit fees.

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year . Expenses were reimbursed to them totalling £40 (2020- £ 60 ).

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

11 Employees

Number of employees

The average full time equivalent monthly number of employees during the year was:

Projects
Administration
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2021
Number
19
3
22
2021
£
638,386
45,775
30,171
714,332		 2020
Number
21
3
24
2020
£
657,412
45,115
33,073
735,600

The total gross number of staff both full and part time was 34 (2020 - 41).

During the year 5 (2020 - 5) key management personnel, being the senior leadership team, received remuneration totalling £156,181 (2020 - £165,736).

There were no employees whose annual remuneration was £60,000 or more.

12 Tangible fixed assets

Fixtures and
fittings
Computers
£
£
Cost
At 1 April 2020
2,493
21,103
Additions
-
5,559
At 31 March 2021
2,493
26,662
Depreciation and impairment
At 1 April 2020
2,084
8,456
Depreciation charged in the year
249
5,037
At 31 March 2021
2,333
13,493
Carrying amount
At 31 March 2021
160
13,169
At 31 March 2020
409
12,647		 Total
£
23,596
5,559
29,155
10,540
5,286
15,826
13,329
13,056

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

13
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
14
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
15
Trade creditors
Other creditors
Accruals
15
Deferred income
Other deferred income		 2021
£
15,609
22,869
38,478
2021
£
16,813
138,453
24,451
6,460
18,129
204,306
2021
£
138,453		 2020
£
8,902
5,185
14,087
2020
£
13,176
77,084
8,517
7,033
27,926
133,736
2020
£
77,084

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

16 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Direct Services
Community Development
Head Office
Community Navigators
Reaching Communities Ensure
Healthy Fenland
COVID-19
Project Catalyst
Primary Care Networks		 Balance at
1 April 2020
£
98,137
-
-
14,658
5,281
20,956
-
-
-
139,032		 Movement in funds
Incoming
resources
Resources
expended
Transfers
31
£
£
£
255,523
(244,786)
(39,971)
23,100
(23,100)
-
11,214
(11,214)
-
323,948
(313,234)
-
98,393
(96,550)
-
161,750
(128,063)
-
26,062
(26,062)
-
109,049
(63,706)
39,971
13,800
-
-
1,022,839
(906,715)
-		 Balance at
March 2021
£
68,903
-
-
25,372
7,124
54,643
-
85,314
13,800
255,156

Direct Services - To support the core costs for the delivery of Care Network Cambridgeshire services. The main funding provider gave permission to transfer an underspend of £39,971 to Project Catalyst.

Community Development - Delivery of community development work in Cambridgeshire.

Head Office - Supporting the delivery of Care Network Cambridgeshire services.

Community Navigators - Delivery of the Community Navigators projects in Cambridgeshire.

Reaching Communities Ensure - Supporting older people in Hunts and Fenland to promote confidence and independence at home, reduce social isolation and improve emotional well-being.

Healthy Fenland - To support Fenland communities to address health and well-being needs.

COVID-19 - To help people stay connected during the COVID-19 outbreak.

Project Catalyst - To help improve the confidence and resilience of people and communities emerging from lockdown.

Primary Care Networks - Link worker recruitment & induction service.

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

17 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Balance at
1 April 2019
Resources
expended
Balance at
1 April 2020
Resources
expended
£
£
£
£
Community Development
16,817
(16,817)
-
-
Property fund
-
-
-
-
Development &
sustainability fund
-
-
-
-
Fixed asset fund
-
-
-
(5,286)
16,817
(16,817)
-
(5,286)		 Transfers
Balance at
31 March 2021
£
£
-
-
10,000
10,000
66,600
66,600
18,615
13,329
95,215
89,929

Community Development - Delivery of community development work in Cambridgeshire.

Property - Dilapidation costs.

Development & Sustainability - Exploring new opportunities and developing as required, including website updates and database software for Community Navigators.

The fixed asset fund represents the book value of assets held by the charity .

18 Analysis of net assets between funds

Unrestricted Designated
Restricted
2021
2021
2021
£
£
£
Fund balances at 31 March 2021
are represented by:
Tangible assets
-
13,329
-
Current assets/(liabilities)
176,412
76,600
255,156
176,412
89,929
255,156		 Total
2021
£
13,329
508,168
521,497		 Total
2020
£
13,056
356,997
370,053

19 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2021
£
20,458
781
21,239		 2020
£
28,083
23,171
51,254

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

20 Related party transactions

The trustees are drawn from the community and one of the trustees is also a councillor for South Cambridgeshire District Council. During the year Care Network Cambridgeshire received funding from the Council.

21
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase) in debtors
Increase in creditors
Increase/(decrease) in deferred income
Cash generated from operations		 2021
£
151,444
(2,028)
5,286
(24,391)
9,201
61,369
200,881		 2020
£
19,541
(1,769)
2,916
(1,733)
1,043
(6,651)
13,347