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2022-03-31-accounts

Charity Registration No. 1120693

Company Registration No. 06297277 (England and Wales)

CARE NETWORK CAMBRIDGESHIRE

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 06297277
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 2022

The trustees present their report and financial statements for the year ended 31 March 2022.

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

Covid-19 continued to be the central influencing factor of this year, in the context of working through 3 national lockdowns and multiple changes in legislation and guidance announced by the Government, Care Network Cambridgeshire (CNC) maintained a responsive, flexible and collaborative approach. Our performance and activities report for the previous year ended by acknowledging the need for CNC to not only survive during this time of uncertainty, but to thrive so that it could continue to work alongside people and communities. It is because of the steadfast commitment of trustees, staff and volunteers that we have been able to achieve this objective and once more, the charity offers a heartfelt ‘thank you’ to all of you for your professional passion, commitment and care.

A primary factor of CNC’s success is the avoidance of vision and mission drift. The importance of our vision to be relevant is pivotal and as such we consulted with staff and volunteers this year over; a) the need to review these and b) what changes should be made. From this, the Board of Trustees approved that CNC’s vision be revised to “For communities and individuals to be empowered to live happier, healthier and independent lives” which will be delivered through the mission of “We support adults and communities to improve their health and wellbeing through a person-centred approach. Working alongside them to make informed choices that improve confidence and connection.” With these in mind, CNC is pleased to update on the following activities within our services:

Community Navigators

“It was so good to talk to someone who’d understand and not judge.”

Received 3,749 referrals and had 24,773 contacts with clients, providing information and advice using a personcentred, strengths-based, community connected, and outcome-focused approach. The team provide a 3-tiered model of support in-line with ‘changing the conversation’ ethos, for adults who are affected by learning and or physical disability, sensory impairments, mental health problems, older people and or their carers in Cambridgeshire. The service aims to bridge the gap between local communities, statutory and voluntary organisations to maintain and improve the health wellbeing and independence of clients by helping them find and access localised solutions. The team help people to use information to answer questions and enable them to do things for themselves, assisting them to overcome barriers and to make use of relevant activities and services.

Wellbeing Service (Project Catalyst)

“Absolutely fantastic support when nobody else was able to help….a great listener and supportive in setting goals - I don't know what I would have done without you!”

At the start of Lockdown 1, CNC rapidly identified the impact of the pandemic on wellbeing and sourced funding to expand the current wellbeing provision within Community Navigators. Through 189 referrals and 962 contacts with clients, the team supported adults, with mild to moderate levels of anxiety and/or depression, providing timelimited interventions to support clients to enhance their wellbeing, as well as

CARE NETWORK CAMBRIDGESHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

targeting those newly experiencing low mood or stress. The team worked with clients to identify feelings and appropriate solutions including self-help and coping skills and other relevant opportunities that would help achieve wellbeing goals. During this time, volunteers and staff also provided a ‘Check and Chat’ support service; a weekly check and chat phone call for people who were feeling isolated and lonely. ‘Trusted friends’ supported clients to engage with activities they enjoyed before the pandemic, but were now reticent to engage with due to concerns of infection. In response to the continued need and uptake of our Wellbeing Service, CNC plans to expand provision over the next two years.

Help at Home

“You have been absolutely marvelous thank you so much for your time. I didn't know people like you existed! You have given me a boost.”

Received 1,286 referrals and had 9,452 contacts, providing practical and emotional support through staff or volunteers at times when independence was low or required support. For example support following a hospital discharge or within the community following a time of illness. Through an approach of co-design with clients, developing support based on ‘What Matters to Me’ principles, Help at Home provides a wrap-around service that works in partnership with organisations across different sectors to achieve outcomes that matter to the client in terms of their health and wellbeing. The team work with clients to achieve self-realisation, enabling people to address areas of unhappiness in their life, and gain strength via their community. This is achieved through a community based case management approach, adopting motivational interviewing and strength-based questioning, so clients can live their happiest lives.

Healthy Fenland Project

“Our confidence levels [to run our group] have grown in the past few months because of your support. Thank you.”

Supported 150 groups via 283 support sessions, providing community development with a specific aim to help the residents of Fenland identify and address their health and wellbeing needs, as well as taking ownership of their communities and challenges. Healthy Fenland Project was designed upon the model to improve Community Resilience, Health and Wellbeing (Public Health England, 2015) and uses an assets based approach to community engagement with a small pot of funding that groups can access to develop their projects. In the past 12-months the team have focused on combating increased health inequalities as a result of the pandemic by; protecting community assets and space at risk because of sustainability challenges, offering guidance and support to follow regulations and to reconnect safely, ensuring psychological and practical safety and confidence to re-emerge from lockdowns.

We end this section of our report in the way we started it, expressing our thanks and gratitude to our staff, volunteers and partners, who during times of unprecedented experiences have not waivered in their professional commitment and dedication of working with CNC in ‘keeping people at the heart of everything.’

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 2022

Financial review

The charity had total funds of £563,934 (2021 - £521,497) at the year end, of which it considers £185,811 free (2021 - £176,412). 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 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. The trustees also take into account that some of their designated funds and restricted funds cover some of the charity's core activities and have decided that a two-step process is appropriate to quantifying an appropriate range of reserves:

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 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 (6 Trustees in 2021/22). 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 2022

Future plans

Looking to the next 12-months, with the cost of living crisis, challenges on resources within health and social care, CNC anticipates continuing demand for our services. We will approach this as always, through coproduction between partners, clients and communities to understand need and where we are best placed to empower people to realise their goals. Internally we will be looking to achieve continued accreditation of ‘Investing in Volunteers’ to demonstrate our commitment to delivering a volunteering experience that is safe and meaningful for volunteers and clients alike. We will be entering the final year of our current strategic plan reviewing progress, and conducting a strategic assessment to assist with determining what the next 3 years will for like for the charity. We look forward to keeping you updated on our progress.

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 adults 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.

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

W Mortimer

Trustee Dated: 1 November 2022

CARE NETWORK CAMBRIDGESHIRE

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2022

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 2022 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).

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 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

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 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 course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. 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.

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:

CARE NETWORK CAMBRIDGESHIRE

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

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, 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 is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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

16 November 2022

Chartered Accountants 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 2022

Unrestricted Unrestricted
Restricted
funds
funds
funds
general
designated
2022
2022
2022
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
7,260
-
-
Charitable activities
4
5,000
-
1,077,451
Investments
5
1,383
-
-
Other income
6
100
-
3,406
Total income
13,743
-
1,080,857
Expenditure on:
Raising funds
7
-
-
28,800
Charitable activities
8
2,076
9,494
1,011,793
Total resources expended
2,076
9,494
1,040,593
Net incoming resources before transfers
11,667
(9,494)
40,264		 Total
Unrestricted
Unrestricted
funds
funds
general
designated
2022
2021
2021
£
£
£
7,260
29,258
-
1,082,451
39,429
-
1,383
2,028
-
3,506
2,700
-
1,094,600
73,415
-
28,800
30,000
-
1,023,363
2,809
5,286
1,052,163
32,809
5,286
42,437
40,606
(5,286)		 Restricted
funds
2021
£
2,645
1,018,876
-
1,318
1,022,839
-
906,715
906,715
116,124		 Total
2021
£
31,903
1,058,305
2,028
4,018
1,096,254
30,000
914,810
944,810
151,444

CARE NETWORK CAMBRIDGESHIRE

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

FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted Unrestricted
Restricted
funds
funds
funds
general
designated
2022
2022
2022
£
£
£
Net incoming resources before transfers
11,667
(9,494)
40,264
Gross transfers between funds
(2,268)
2,268
-
Net income for the year/
Net movement in funds
9,399
(7,226)
40,264
Fund balances at 1 April 2021
176,412
89,929
255,156
Fund balances at 31 March 2022
185,811
82,703
295,420		 Total
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2022
2021
2021
2021
£
£
£
£
42,437
40,606
(5,286)
116,124
-
(95,215)
95,215
-
42,437
(54,609)
89,929
116,124
521,497
231,021
-
139,032
563,934
176,412
89,929
255,156		 Total
2021
£
151,444
-
151,444
370,053
521,497

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 2022

2022
Notes
£
Fixed assets
Tangible assets
12
Current assets
Debtors
13
136,721
Cash at bank and in hand
612,209
748,930
Creditors: amounts falling due within
one year
14
(193,649)
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
16
Unrestricted funds
Designated funds
17
82,703
General unrestricted funds
185,811		 2021
£
£
8,653
38,478
673,996
712,474
(204,306)
555,281
563,934
295,420
89,929
176,412
268,514
563,934		 £
13,329
508,168
521,497
255,156
266,341
521,497

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 2022, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 1 November 2022

W Mortimer Trustee

Company Registration No. 06297277

CARE NETWORK CAMBRIDGESHIRE

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2022

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
21
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash used in investing activities
Net cash used in financing activities
Net (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2022
£
(2,268)
1,383		 £
(60,902)
(885)
-
(61,787)
673,996
612,209		 2021
£
(5,559)
2,028		 £
200,881
(3,531)
-
197,350
476,646
673,996

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 amounts 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 2022

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 2022

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 payments 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
funds
general
2022
£
Donations and gifts
7,260
Government grant income
-
7,260		 Total
2021
£
9,015
22,888
31,903

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

4 Charitable activities

Charitable Charitable
Activities Activities
2022 2021
£ £
Income from charitable activities 1,082,451 1,058,305
Analysis by fund
Unrestricted funds - general 5,000 39,429
Restricted funds 1,077,451 1,018,876
1,082,451 1,058,305

Included within income from charitable activities is funding from the following organisations:-

5 Investments

Unrestricted Unrestricted
funds funds
general general
2022 2021
£ £
Interest receivable 1,383 2,028

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

6 Other income

Unrestricted
Restricted
funds
funds
general
2022
2022
£
£
Other income
100
3,406
Raising funds
Fundraising and publicity
Other fundraising costs		 Total
Unrestricted
Restricted
Total
funds
funds
general
2022
2021
2021
2021
£
£
£
£
3,506
2,700
1,318
4,018
Restricted
Unrestricted
funds
funds
general
2022
2021
£
£
28,800
30,000
28,800
30,000		 Total
2021
£
4,018
30,000

7 Raising funds

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

8 Charitable activities

Charitable Charitable
Activities Activities
2022 2021
£ £
Staff costs 560,261 493,346
Depreciation and impairment 6,944 5,286
Staff training and travel 26,544 16,423
Project and volunteer costs 104,715 70,763
Office accommodation costs - 46
Office running costs 4,246 8,719
Professional fees 7,480 3,065
710,190 597,648
Share of support costs (see note 9) 307,773 310,945
Share of governance costs (see note 9) 5,400 6,217
1,023,363 914,810
Analysis by fund
Unrestricted funds - general 2,076 2,809
Unrestricted funds - designated 9,494 5,286
Restricted funds 1,011,793 906,715
1,023,363 914,810
For the year ended 31 March 2021
Unrestricted funds - general 2,809
Unrestricted funds - designated 5,286
Restricted funds 906,715
914,810

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

9 Support costs

Support costs

Staff costs
Staff training and travel
Project and volunteer costs
Trustee expenses
Office accommodation costs
Office running costs
Professional fees
Financing costs
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
227,213
-
3,270
-
96
-
-
-
35,658
-
31,676
-
9,346
5,400
514
-
307,773
5,400
307,773
5,400		 2022
£
227,213
3,270
96
-
35,658
31,676
14,746
514
313,173
313,173		 2021
£
220,986
3,596
-
1,117
42,019
35,300
13,663
481
317,162
317,162

Governance costs includes payments to the auditors of £5,400 (2021- £5,100) 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 £nil (2021- £40).

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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		 2022
Number
22
3
25
2022
£
704,334
56,221
26,919
787,474		 2021
Number
19
3
22
2021
£
638,386
45,775
30,171
714,332

The total gross number of staff both full and part time was 34 (2021 - 34).

During the year 4 (2021 - 5) key management personnel, being the senior leadership team, received remuneration totalling £172,781 (2021 - £156,181).

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

12 Tangible fixed assets

Fixtures and
fittings
Computers
£
£
Cost
At 1 April 2021
2,493
26,662
Additions
-
2,268
At 31 March 2022
2,493
28,930
Depreciation and impairment
At 1 April 2021
2,333
13,493
Depreciation charged in the year
160
6,784
At 31 March 2022
2,493
20,277
Carrying amount
At 31 March 2022
-
8,653
At 31 March 2021
160
13,169		 Total
£
29,155
2,268
31,423
15,826
6,944
22,770
8,653
13,329

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

13
Debtors
Amounts falling due within one year:
Trade debtors
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		 2022
£
1
125,702
11,018
136,721
2022
£
16,272
67,816
934
6,860
101,767
193,649
2022
£
67,816		 2021
£
-
15,609
22,869
38,478
2021
£
16,813
138,453
24,451
6,460
18,129
204,306
2021
£
138,453

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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:

Balance at
1 April 2021
£
Direct Services
68,903
Community Development
-
Head Office
-
Community Navigators
25,372
Reaching Communities Ensure
7,124
Healthy Fenland
54,643
Regain Control
-
Project Catalyst
85,314
Primary Care Networks
13,800
255,156		 Movement in funds
Incoming
resources
Resources
expended
£
£
361,478
(282,406)
18,500
(11,004)
137
(137)
317,817
(330,981)
68,681
(60,359)
181,168
(194,493)
50,000
(41,780)
31,979
(83,827)
51,097
(35,606)
1,080,857
(1,040,593)		 Balance at
31 March
2022
£
147,975
7,496
-
12,208
15,446
41,318
8,220
33,466
29,291
295,420

Direct Services - To support the core costs for the delivery of Care Network Cambridgeshire services.

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.

Regain Control - To fund community initiatives in diabetes management.

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 2022

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 2020
Resources
expended
£
£
Property fund
-
-
Development
fund
-
-
Fixed asset
fund
-
(5,286)
-
(5,286)		 Transfers
Balance at
1 April 2021
Resources
expended
£
£
£
10,000
10,000
-
66,600
66,600
(2,550)
18,615
13,329
(6,944)
95,215
89,929
(9,494)		 Transfers
Balance at
31 March
2022
£
£
-
10,000
-
64,050
2,268
8,653
2,268
82,703		 Transfers
Balance at
31 March
2022
£
£
-
10,000
-
64,050
2,268
8,653
2,268
82,703
82,703

Property - Dilapidation costs.

Development - 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

Analysis of net assets between funds
Unrestricted
Designated
Restricted
2022
2022
2022
£
£
£
Fund balances at 31 March 2022
are represented by:
Tangible assets
-
8,653
-
Current assets/(liabilities)
185,811
74,050
295,420
185,811
82,703
295,420		 Total
2022
£
8,653
555,281
563,934		 Total
2021
£
13,329
508,168
521,497

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		 2022
£
13,947
22,860
36,807		 2021
£
20,458
781
21,239

CARE NETWORK CAMBRIDGESHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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
(Decrease)/increase in deferred income
Cash (absorbed by)/generated from operations		 2022
£
42,437
(1,383)
6,944
(98,243)
59,980
(70,637)
(60,902)		 2021
£
151,444
(2,028)
5,286
(24,391)
9,201
61,369
200,881