Charlty reglstratlon number 1120693 Company reglstratlon number 06297277 (England and Wales) CARE NETWORK CAMBRIDGESHIRE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CARE NETWORK CAMBRIDGESHIRE LEGAL AND ADMINISTRATIVE INFORMATION Trusto08 W Mortimer J Worth S Ellington M Pearce Higgins M Hill R Bames (Appointed 24 March 2024) Charlty number 1120693 Company number 06297277 Reglstered offlce 18 Broadway House 149-151 St Neot's Road Hardwick Cambridge United Kingdom C823 7QJ AudStor Azets Audit Services Lynch Wood Peterborough Cambridgeshire United Kingdom PE2 6FZ
CARE NETWORK CAMBRIDGESHIRE CONTENTS Page Trustees. report Statement of trustees, responsibilities Independent auditorfs report ststement of financial activities 9-10 Balance sheet 11 Statement of cash flows 12 Notes to the financial statements 13-26
CARE NETWORK CAMBRIDGESHIRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The twstees present their annual report and financial ststements for the year ended 31 March 2024. The financial statements have been prepared in accordance Vth the accounting policies set out in note 1 to the financial statements and comply yth the chanty's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Ststement 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}. Oblectlves and activities The charty'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 otheiSe vulnerable adults, in Cambridgeshire and neighbouring counties". The trustees have paid due regard to guKlance issued by the Charity Commission in deciding what activities the charty should undertake. Achievements and perforn)ance Care Nehvork Cambridgeshire exists to enable individual clients and communities to live happier. IatthIer, and independent lives. We do this by giving practical and emotional support after a hospitsl stay, or a period of ill health and helping local people reconnect with their communities. Our vision for communities and individuals to be empowered to live happier, healthier and independent lives, enabling 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. Our achievements within the last 12 months to deliver upon these goals of supporting residents of Cambridgeshire & Peterborough are... Help at Home: Received 794 referrals and had 6,580 contacts delivering 2,104 hours of support to clients, hospital teams and community servi$ over the year. including a surge in demand around winter, and the continued challenges faced by Covid. when hospital admissions were at their highest. Through our Coordinators and wonderful network of volunteers. we provided practical and emotional support to individuals and their families to allow that person to recover from a spell in hospital. or to avoid hospitsl adrn1ttan and remain independent. Our volunteers provided help v4ith tasks such as shopping, collecting prescriptions, litht housework and laundry and providing weffare checks, invaluable help to the people we support. At the heart of everything we do is the principle of 'Whal Matters to Me., ensuring individual circumstances and needs are always upper most in our consideration and support Help at Home provides a wraparound service that works in partnership with organisations across different sectors to achieve outcomes that matter to the person in tems d their health and wellbeing. To achieve this. we work closely with our colleagues within Care Network, signposting to local services, and encouraging involvement in local community activities, to help reduce loneliness and isolation. Community Navigators: Received 2,670 referrals and had 18,357 contacts, delivering 3,052 hours of support to Cambridgeshire people, to provide information and guidance to help people consider their options and live well improving personal circumstances and wellbeing. The team are local experts working alongside dients to provide information and guidance to help them live Y11. aiming to bndge the gap beeen 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, assists'ng them lo overcome barriers and to make use of relevant activities and services. The Navigator team continue to focus on utilising a data-led approach to infomi their work, helping to raise awareness of unmet needs in the community.
CARE NETWORK CAMBRIDGESHIRE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Wellbelng Servlce.. The escalation of mentsl ill health in our high-risk dient groups in rent years prompted us to invest in further development of our bespoke Wellbeing seprfice Wellbeing staff and trained volunteers worked alongside clients to enable them to feel better equipped to cope with their concems and feelings so they could enjoy life more. The service also offered regular telephone calls from a 14 Check and Chal volunteers, or support accessing their local community from 6 local Trusted Friend volunteers. Through 243 referrals and 1,847 contacts V4ith clients delivering 676 hours of support, our specialist team and volunteer support empowers people by providing the infomiation and support to tackle underlying ISSLES, and strategies and resources to manage longer-lemi emotional stability. The service has proven positive outcomes, boosting confiden, independen, and social connection. providing strength-based tailored one-ti>one support for people feeling low or anxious to help them develop coping strategies, make personal connections, and building resilience. Healthy Fenland: Supported 164 groups, providing community development with a specific aim to help the residenls of Fenland identify and address Iheir health and wellbeing needs. as well as taking ownership of their communities and challenges. The project was designed to improve Community Resilience, Health and Wellbeing (Public Health England, 2015) and used an asset-based approach to community engagement with a small pot of funding that groups could access to develop their projects The project ended at the end of the contract in December 23. in the final 9 months the team focused on combating increased health inequalities by offering guidance and support to local groups. to follow regulations ensuring psychological and practical safety and confiden. VSA: Last year we formally collaborated with hvo other local voluntary sector partners and formed The Voluntary Sector Alliance. together we agreed our key vision. looking for synergies and how to make the best use of our resources by leading the way in providing a single point of access for Voluntary and Community Sector support for hospital discharges and admissions avoidance to support more people to leave hospital safely, to help avoid unnecessary admissions to hospital and to aid Independen at home for the population of Cambridgeshire and Peterborough. The VSA provides a collaborative approach to wraparound support to provide the best outcomes for the patient and confidence for the referrer that their patient will be supported in a timely and holistic rnanner. Working in partnership, each member of the VSA can flex and adapt their resourcing across the county with the support of the other organisations. enabling more referrals to be managed and more people supported. A bespoke portal was developed to accept referrals, the ser¥ice become operational and was rolled into hospitals from October 2023 and continues to develop, providing an innovative hospital discharge support service across discharge planning in the three acute hospitals in the area. Since the start of the Servi in October, we have accepted 103 referrals and have had 1.053 contacts. In next 12 month period, challenges remain to resources both within the NHS and social care, we face both continuing demand fof our services, together with an increasingly complex caseload whilst changes in national health and social care policy continue to come into effect and implications of possible political change on the horizon is unknown. Whilst exciting, this creates challenge within the sector. CNC will continue to use its presence within the local system. where we are highly valued, to ensure thal decisions are made, and ways of working explored and developed to support identified need We believe in 'working vth, people and communities., not 'doing to, them We will continue to approach this through collaboration with partners, clEnts, and communities to adapt and develop services to meet needs, help and empower people We will seek ways to expand, evaluate and further develop the VSA service. Including the aim to further deploy the system to hospital wards. Our Wellbeing service has been redesigned to meet current user needs, the team has been expanded and now provides cover across Ihe county Unfortunately, the Healthy Fenland project was not recommissioned at the end of the last contracl and sadly ended at the end of December 2023. Internally we will be reviewing our volunteer offering, to deliver a more rewarding experience and remain focused on trustee recruitment. to provide succession planning. Work will continue on the development of a new strategic plan, determining the charity's development over the next 3-year period. We would like to express our thanks and gratitude to our staff, volunteers and partners for their continued professional commitment and dedication to 'keeping people at the heart of everything., If you like vthat you see, come and join usl
CARE NETWORK CAMBRIDGESHIRE TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Fundraising policy The charity does not actively fundraise amongst the public. although it does hdd occasional fundraising events (online fundraising campaigns etc). The charity does not use any outside or third paty fundraisers. Vvhere the charity does receive dtTtations (which it considers unsolicited) it monitors the source to ensufe it is suitable to receive the donab-on in terms of potential vulnerability of the donor or reputational risk to the chanty. No complaints have been received by the charty. Financial review The charity had total funds of £530,240 (2023 - £567,683) at the year end. of wthich it considers £190.369 free (2023 - £186,001). The trustees consider the posits'on satisfactory. The principal financial risk to the charity is the withdrawal of grant income from its main funders. The trustees consider the reseNe level sufficient to cover such funding shortfall in the short tem. 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 ServIS 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 NeOrk 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 ath'on 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 tske 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 twsteP pro$$ is appropriate to quantifying an appropriate range of resepdes: To maintain free, unrestricted funds at a minimum level of 2 months operating costs (currently estimated at £175.402). Actual free reseries are currently above this level. To maintain free, unrestricted funds plus designated and restricted funds that cover some of the charty's core activities beeen 3 and 6 months operating costs. This equates to between £263,203 and £526,206 and the relevant reserves cover this. Rlsk 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 regulady review key risks vthich are rated based on severity and likelihood of Occurren and ensure that appropriate mrtigalions are in place to protect the charity. Structure, governance and management The charity is a company limrted by guarantee with charitsble status. fomied on 29th June 2007, and governed by a Memorandum and Articles ofAssociation. Its unincorporated predecessor charity. Care Network, was originally fomied in October 1994. The trustees, vtho are also the directors for the Pufpose 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 M Pearce Higgins G Barron M Hill R Barnes (Resigned 8 June 2023) (Appointed 24 March 2024)
CARÈ Nt i vvuRK CAMBRIDGESHIRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Care Network Cambridgeshire is controlled by a Board of Trustees (6 Trustees in 2023124). The board meets every 2 months with the Chief Executive Officer to sel policy and strategic direction. monitor performance. approve policies and agree are85 for research or action. The day to day management of the charity is delegated to the Chief Executive Officer. Trustees are recwitèd seeking a spread of skills andlor dient group representation to ensure a diverse board. representative of the communty the chartty seNes. New trustees provide a personal summary and references. and are elected in accordance with the Articles ofAssociation. These articles provide for the election of trustees for a full lem) wilh 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 developFnenl. The trustees periodically review these procedures with reference to guidance published by the Charity Commission. Future plans Looking lo the next 12 months, wtth the cost of living crisis, challenges on resources within health and social care, CNC anticrpates continuing demand f(K our semces. We will approach this as always, through co- production between partners, clients and communrties to understand need and where we are best placed to empower people to realise their goals. Intemally we will be looking to achieve continued accreditation of 'Investing in Volunteers, lo demonstrate our commitment to delivering a volunteering experience that is safe and meaningful for volunteers and clients alike. We Mll be entering the final year of our current strategic plan reviewing progress, and conducting a strategic assessmenl lo assist Wtth determining what tt)e next 3 years will for like for the charity. We look forward to keeping you updated on our progress. Investm8nt powers The Iruslees having regards for the operational nee(Is of the charity and seujrity of funds have kept available funds in interest bearing deposrt accounts. Publlc benofit In order lo fulfil its charstable objects and for the public benefit, Care Network Cambridgeshire delivers direct services to adulls and vulnerable people and supports community groups to do the same. In developing strategy and planning service delNery. the trustees comply with their duty to have due regard to the guidance on public benefit pUished by the Charity Commission. Pay policy and sènior staff The pay of senior staff is reviewed annually be the trustees and normalty increased annually for rises in the cost of living. Specific roles have salary levels sel commensvrable with salaries set by similar organisations for comparable rdes. Further infomation about the activities of Care Network Cambridgeshire is conlained in the Annual Report. Auditor In accordance wth the company's artides. a resolulion proposing that Azets Audit Setvices be reappointed as auditor of the company wll be put at a General Meeting. Each of the trustees has confimied that there is no informab'on of which they are aware which is relevant to the audit. but of which the auditor is unawa. They have further confimied thal they have taken appropriate steps to identify such relevant infomation 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.. 14 June 2024
CARE NETWORK CAMBRIDGESHIRE STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees, are also the direciors of Care Network Cambridgeshire fcy the purpose of company law, are responsible for preparing the Truslees, Report and the financial statements in accordance wilh applicable law and United Kingdom Accounting Stsndards (United Kingdorn Generalty Actepted AcLx)unting Practi). Company Law requires the trustees to wepare finanoal 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, induding the incom8 and expenditure, of the charitable company for thal year. In preparing these financial staternents. the trustees are required to: - select suitable accounting wlicies armj then apFly them consistently. - obs8rv8 the methods and wtnciples in the Charttres SORP: - make judgements arKI estimates that are reasonable and prudent: arKI - prepare the financial statements on Ihe goiryJ ccxicem basis un18SS it is inappropriate to presume that the charity will conts'nue in operation. The truslees are responsible for keeping adequate accounting records that disdose with reasonable accuracy at any lime the financial position of the charity and enable them to ensure tr1 the finanal statements comply with the Companies Acl 2006. They are also resp)nsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection offraud and other irregularities.
CARE NETWORK CAMBRIDGESHIRE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CARE NETWORK CAMBRIDGESHIRE Oplnlon We have audited the financial ststements of Care Network Cambridgeshire (the 'charity') for the year ended 31 March 2024 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 signfficant 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 ol Ireland {United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements- give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting practi,. and have been prepared in accordance Vth the requirements of the Companies Act 2006. Basls for opinlon We conducted our audit in accordance wrth Intemational Standards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Audilofs Trsponsibilities for the audit ol 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 suffiaent and appropriate to provide a basis for our opinion. Concluslons relatlng to going concern In auditing the financial statements. we have conduded that the trustees. use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied. we have not identffied any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charty's ability to continue as a going concem for a period of at least Iwelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilits'es of the trustees with respect to gn9 concem are described in the relevant sections of this report. Other Informatlon The other information comprises the information included in the annual report other than the fInarla1 statements and our audilor's report thereon. The trustees are responsible for the other infomation contsined within the annual report. Our opinion on the financial statemenls does not cover the other infomation and we do not express any form of assurance conclusion thereon. Our responsibilty is to read the other infomiation and, in doing so, consider whether the olher information is materially inconsistent with the financial slatements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such materBI inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a materkal misstatement in the financial statements themselves If, based on the work we have perfomied. we conclude that there is a material misstatement of this other infomation. we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exceptlon 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.. the information given in the financial statements is inconsistent in any material respect with the trustees. report.. or sufficient accounling records have not been kept., or the financial statements are not in agreement Yth the accounting records: or we have not received all the infomiation and explanations we require for our audit.
CARE NETWORK CAMBRIDGESHIRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CARE NETWORK CAMBRIDGESHIRE Responslbllltles 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 intemal control as the trustees detemiine is necessary to enable the preparation of financial statements that are free from material misstatement. vthether 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 concem and using the going concern basis of accounting unless the truslees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Audltor's responsibllltles for the audit of the flnancial 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 al)OLrt whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditols report that includes our opinion. Reasonable assurance is a high level of assurance bLrt 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 influen the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities is available on the Finanaal Reporting Council's website at.. https'.11 W¥V.frc.org.ukJauditorsresponsibilits'es. This descnption foms part of our auditorfs report. Extent to which the audlt was considered capable of detecting irregularltles, 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 Reports'ng Council's website. to detect material misstatements in respect of irregularities, including fraud. We obtain and update our understsnding of the entlty, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entty 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 perfonn audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideralion 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 n0complIance with laws and regulats"ons, including fraud, we designed procedures which included.. Enquiry of management and those charged wth govemance around actual and potential litigation and claims as well as actual, suspected and alleged fraud.. Reviewing minutes of meetings of those charged with governan., Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection.. Reviewing financial statement disclosures and testing to supporting documentation to assess complian with applicable laws and regulations.. Performing audit work over the risk of management bias and override of controls. including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the nomial couptse of business and reviewing accounting estimates for indicators of potential bias. 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 noTrcompliance 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 noTrcompliance. 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, misrepresentstions. or the override of intemal 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 slate to them in an auditor's 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 fornied. Mr Mark Jackson FCA DChA {Senlor Ststutory Audltor) for and on behalf of Azets Audlt Servlces Chartered Accountants Statutory Audltor Westpoint Lynch Wood Peterborough Cambridgeshire United Kingdom PE2 6FZ A2ets Audit Services is eligible for appointment as auditor of the charity by virtue of its eli9ibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
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CARE NETWORK CAMBRIDGESHIRE BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Flxed assets Tangible assets Current assets Debtors Cash at bank and in hand 13 5.425 4.471 14 6,912 860.834 78.844 692.198 867,746 771.042 Credltors: amounts falling due withln one year 15 (342.931) (207.830) Net current assets 524.815 563.212 Total assets less current Ilabilities 530.240 567.683 Incorne funds Restricted funds Unrestricted fund Designated funds General unrestricted funds 17 260.396 303.161 18 79.475 190.369 78,521 186,001 269.844 264,522 530.240 567,683 The company is entided to Ihe exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. although an audit has t*en carried oul under section 144 of the Charities Ac12011. The directors acknowledge their responsibilities for comptying wilh the requirements of the Companies Acl 2Crf)6 wth respect to accounting records arKJ 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 questmjn in accordance with section 476. These financial ststements have been prepared in accordan with the provisions applicable to companies subject to the small companies regime. The financial statements were apyoved by Trustees on 14 June 2024 W Mortimer Trustse Company Registration No. 06297277 11
CARE NETWORK CAMBRIDGESHIRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operatlng actlvltles Cash generated from operations 22 155,001 76.349 Investlng actlvltles Purchase oftangible fixed assets Investment income received (4,683) 18,318 (1,587) 5,227 Net cash generated from Investlng actlvlties 13,635 3,640 Net cash used In flnanclng actlvities Net Increase In cash and cash equlvalents 168,636 79,989 Cash and cash equwalents at beginning of year 692,198 612,209 Cash and cash oqulvalents at end of year 860.834 692,198 12-
CARE NETWORK CAMBRIDGESHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcies Charity Infonnation Care Network Cambridgeshire is a private company limtted 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 conventlon The financial ststements have been prepared in accordance wtth the charity's goveming document, the Companies Act 2006 and "Accounting and Reporting by Chartties: 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. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable expectstion thal the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trleeS continue to adopt the going concem 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 fvjrtherance 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 finanaal statements. Endowment funds are subject to spectfic conditions by donors Ihat the Capital must be maintained by the charity. 1.4 Income Income is recognised when the charty is legally entitled to it after any perfomiance conditions have been met, the amounts can be measured reliably. and it is probable that income wll be reived. Cash donations are recognised on rlpt. Other donations are recognised once the charity has been notified of the donation, unless perf0rrnan conditions require deferral of the amount. Income tax recoverable in relation to donations received under Grft Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or olhewse rf 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 contingent asset. 13-
CARE NETWORK CAMBRIDGESHIRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies (Contlnuedl 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activty The costs of each activity are made up of the total of dIrt costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those actiVitS on a basis consistent with the use of resources Central staff costs are allocated on the basis of time spent, and depreciation charges afe allocated on the portion of the asset's use. 1.6 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impainnent losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings Computers 10% Straight line basis 33.330/0 Straight line basis The gain or loss arising on the disposal of an asset is detennined as the drfference betsveen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. It is the policy of the charity to capitalise assets acquired with a value in excess of £1,000. 1.7 Impairment of flxed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indicalion 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 equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturrties 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 finanaal 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. wth the net amounts presented in the financial ststements, when there is a legally enfortsable 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 simultsneously. 14-
CARE NETWORK CAMBRIDGESHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles (Contlnued) 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 constitLrtes a financing transaction, vthere 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. 8aslc financial liabilities Basic financial liabilities. including credrtors 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 cfassified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or seprfices that have been acquired in the Ordin 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 pri and subsequently measured at amortised cost using the effective interest method. DeTrcognitlon of financial liabilities Financial liabilities are derecognised when the charty's contraciual obligations expire or are discharged or cancelled. 1.10 Employee benerts The cost of any unused holiday entitlement is recognised in the period in which the employee's ServIS 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 temination benefits. 1.11 Retlrement benefrts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estlmates and judgements In the application of the charty's accounting policies. the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilits'es that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experien 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 affecls ClY that period, or in the period of the revision and future periods where the revision affects both current and future periods. 15-
CARE NETWORK CAMBRIDGESHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donatlons and legacles Unrestrlcted funds general 2024 Total 2023 Donations and gifts 8,598 9,062 Charftable actlvltles Charltable Charltable Actlvltles Actlvltles 2024 2023 Income from charitable activities 1,038,389 889,944 Analysls by fund Unrestricted funds- general Restricted funds 5,000 1,033,389 5,000 884,944 1,038,389 889,944 IndLKled within income from charitable actNities is funding from the following organisations:. Cambridgeshire County Council . NHS Cambridgeshire and Peterborough ICB NHS England South Cambridgeshire District Council Cambridgeshire Community Foundation . Cambridgeshire and Peterborough NHS Foundation Trust . The Pye Foundation . The Bety Lawes Foundation . The Evelyn Trust . The Garfield Weston Foundation . Age UK Cambridgeshire and Petert)orough . The Sobell Foundation Investments Unrestrlcted Unrestrlcted funds funds general general 2024 2023 Interest receivable 18.318 5,227 16-
CARE NETWORK CAMBRIDGESHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Other Income Restrfcted Unrestricted Restricted funds funds funds general 2023 Totsl 2024 2023 2023 Other income 3,457 10,380 10.380 Ralslng funds Restrlcted Restrlcted funds funds 2024 2023 Other fundraising costs 19.470 29,520 19.470 29,520 17-
CARE NETWORK CAMBRIDGESHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvltles Charftabla Charltabl• Actlvltles Actlvlties 2024 2023 Staff costs Depreciation and impaiment Staff training and travel Project and volunteer costs Office running costs 604,097 3,729 24,824 80,905 3,893 488,152 5,769 34.694 1,851 8,054 717,448 538,520 Share of support costs (see note 9) Share of govemance costs (see note 9) 361,127 8,160 335,824 7.000 1,086,735 881.344 Analysls by fund Unrestricted funds- general Unreslricted funds- designated Restricted funds 17,865 3,729 1,065,141 7,676 5,769 867,899 1.086,735 881,344 For the year ended 31 March 2023 Unrestricted funds - general Unrestricted funds- designated Restricted funds 7,676 5,769 867,899 881.344 18-
CARE NETWORK CAMBRIDGESHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance 2024 2023 Staff costs Staff training and travel Project and volunteer costs Office accommodation costs Office running costs Professional fees Financing costs 274,924 1,012 3.134 38.477 36.880 6.120 580 274,924 1,012 3,134 38.477 36,880 14,280 580 247,902 3,470 1,755 36,088 34,165 18,939 505 8.160 361,127 8.160 369,287 342,824 Analysed between Charitable activities 361.127 8,160 369,287 342,824 Govemance costs indudes payments to the auditors of £8,160 (202& £7,000) for audit fees. 10 Truste•s None of the trustees (or any persons connected wth them) reiVed any remuneration during the year. Expenses were reimbursed to them totalling £nil (202> £nil). 19-
CARE NETWORK CAMBRIDGESHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employees Number of •mployeeB The average full time equivalent monthly number of employees during the year was: 2024 Number 2023 Number Projects Administration 28 25 31 28 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 788,730 62,735 27,556 657,266 54,408 24,380 879,021 736.054 The tot81 gross number of staff both full and part time was 31 (2023 - 28). During the year 4 {2023 - 4) key management personnel. being the senior leadership team, received remuneration totalling £151,073 (2023- £173.907). The number of employees whose annual remuneration was £60.000 or more were: 2024 Number 2023 Number 60,001- 70,000 12 Taxatlon The charty is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to tts charitable objects. -20-
CARE NETWORK CAMBRIDGESHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Tanglble flxed assets FtUrnS and C¢xnwrt• frtdn Total Cost At 1 April 2023 Additions 2.493 28,111 4,683 30,604 4,683 At 31 March 2024 2.493 32,794 35,287 Depreclatlon and Impalmi•nt At 1 April 2023 Depreciats'on charged in the year 2,493 23.640 3.729 26,133 3,729 At 31 March 2024 2,493 27,369 29,862 Carrylng amount At 31 March 2024 5,425 5,425 At 31 March 2023 4,471 4,471 14 Debtors 2024 2023 Amounts falllng duo wlthln one year: Other debtors Prepayments and accrued income 6,390 522 72,633 6,211 6,912 78,844 15 Credltors: amounts falllng due wlthln one year 2024 2023 Notes Other taxation and )Cial securty Deferred income Trade creditors Other creditors Accruals 16.335 294,863 7,032 5,328 19,373 15,175 185,753 2,240 4,945 19,717 16 342,931 207,830 16 D•f•rrod Income 2024 2023 Other deferred income 294,863 165,753 -21
CARE NETWORK CAMBRIDGESHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Deferred Income Icontlnued) Deferred income is included in the financial statements as follows: 2024 2023 Deferred income is included within: Current liabilities 294.863 165,753 Movements in the year.. Deferred income at 1 April 2023 Resources deferred in the year 165.753 129,110 67,816 97,937 Deferred income at 31 March 2024 294,863 165,753
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CARE NETWORK CAMBRIDGESHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 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 2022 Resou$ expended Transfers Balance at 1 Aprll 2023 Resources expended Transfer5 Balance at 31 March 2024 Property fund Development fund Fixed asset fund 10.000 10.000 10,000 64.050 64.050 64,050 8,653 (5,769) 1.587 4,471 (3,729) 4,683 5,425 82.703 (5,769) 1,587 78.521 (3,729) 4,683 79,475 The propety fund is a provision in the event of dilapidation costs. The development fund is for exploring new opportunities arKI developing as required. The fixed asset fund preSentS the book value of assets held by the charity. 19 Analysis of net assets between funds Unrestricted Deslgnated Restrlcted 2024 2024 2024 Totsl 2024 Total 2023 Fund balances at 31 March 2024 are represented by.. Tangible assets Current assetsl(liabilities) 5,425 74,050 5,425 524,815 4,471 563,212 190.370 260,395 190,370 79.475 260,395 530,240 587,683 20 Operating lease commitments At the reporting end date the chanty had outstanding commriments for future minimum lease payments under non-cancellable operating leases. which fall due as follows.. 2024 2023 thin one year Beeen and five years 7.666 216 14,816 8,044 7.882 22,860 21 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 NeOrk Cambridgeshire received funding from the Council. -25-
CARE NETWORK CAMBRIDGESHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Cash generat•d from operattons 2024 2023 {Deficit)Isurpus for the year {37,443) 3,749 Adjuslments for.. Investment income recognised in statement of financial activiti'es Depreciation and impairment of tangible fixed assets (18.318) 3,729 {5,227) 5,769 Movements in working capital: Decrease in debtors InGreasel{decrease) in creditors Increase in deferred income 71,932 5,991 129,110 57,877 {83,756) 97,937 Cash generated from op•ratlons 155,001 76,349