KINSHIP CARERS (A COMPANY LIMITED BY GUARANTEE) REGISTERED COMPANY NUMBER: 05943911 (England and Wales) REGISTERED CHARITY NUMBER: 1122907 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
KINSHIP CARERS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Page Company Information Trustees, Report 4t07 Independent Examinerfs Report Statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements 11 to17
KINSHIP CARERS CHARITY & COMPANY INFORMATION Charity Name Kinship Carers Registered Company Number 05943911 (England and Wales) Registered Charity Number 1122907 Registered Office Ellergreen Community Centre Ellergreen Road Norris Green Liverpool L112RY TrusteeslDirectors C. Cadwallader S. Davis-mccardle S. Lee M. Thomas H. Gearing A. Wells E, Kielty (resigned 5 May 2023) A.J. Thompson S. Cunningham (resigned 12 April 2024) E. Hennessy (resigned 12 April 2024) K. Pilnick (appointed 8 December 2023) Bankers TSB Bank PO Box 373 LS14 9GQ Independent Examiner Counting for Communities Ltd 16 Holmwood Drive Liverpool L37 1PQ
KINSHIP CARERS TRUSTEES, ANNUAL REPORT For the year ended 31 March 2024 The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charities Act 2011, Cotnpanies Act 2006 and the '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),. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The organisation is a regISted company limited by guarantee incorporated in September 2006 and registered as a charity in February 2008. The governing document is the company's Memorandum and Articles of Association. Organisational Structure The trustees, who are also directors. are appointed in accordance with procedures set out in the company's Memorandum and Articles of Association. It is managed by an Executive Committee of trustees and meetings are held monthly and agenda items include finance, health and safety and staff reports. Every rnember of the charity undertakes to contribute such amount as required (not exceeding £10) if the charity should be wound up. Risk identification and management The trustees have conducted a review of the major risks to which the charitable company is exposed and, where appropriate, systems and':procedures have been established to mitigate Public Benefit When planning and programrning activrties for iKinship Families in Liverpool, the Trustees are mindful of the Charity Commissions guidelines:.on Public Benefit.
KINSHIP CARERS TRUSTEES, ANNUAL REPORT- CONTINUED For the year ended 31 March 2024 OBJECTIVES AND ACTIVITIES The object of the charitable company is to provide the relief of need among families affected by druglalcohol abuse, mental health problems and bereavement, particularly, but not exclusively, by the provision of support, advice, advocacy and education for the members of those families who may benefit from such services. ACHIEVEMENT AND PERFORMANCE Kinship Carers Liverpool continue to go from strength to strength with a great deal of recognition both locally and nationally. We can only perform and achieve as well as we do due to the continued support and funding from Big Lottery Community Fund, Steve Morgan Foundation and The Tudor Trust. They enable us to provide a comprehensive service, to raise the profile of Kinship families and to continue with the national Kinship Carers week in October which started in Liverpool in 2016 and has now rolled out across the UK. We also receive additional funding from HAF which allows us to provide lunches to promote healthy eating and activities and has proved to significantly help our Kinship families manage the Cost-of-living crisis. The service continues to adapt and develop to meet the ever-changing challenges faced by Kinship families whose needs are often complex, long lasting, and traumatic. We have employed more sessional workers to offer specific areas of work including podcasts, emotional well - being, peer group support and meditation. A law clinic is operational once a month to offer free legal advice and pro-bono work. Volunteers and Social Work trainees also contribute significantly to the enhancement of the senlice we offer to Kinship families across the city. Campaigning for the rights of Kinship Families continues to be a primary focus of the service. Following the launch of the UK'S first Kinship Charter in March 2023 in conjunction with Liverpool City Council, the team has worked tirelessly with Social Care and other relevant services to raise awareness and to ensure that all Kinship Carers and Kin Kids receive an equitable service, one which meets all their needs and entitlernents and represents 'best practice, of the professionals involved. The longer-term aim is for the Kinship Carer Charter to be adopted nationally., we are still working towards this through our involvement nationally on key Kinship alliance groups. We are proud that Liverpool Kinship families Gontinue to be a Vol locally and nationally, influencing procedures, legislation, and policies. They are proactive in raising awareness by contributing to training programmes. podcasts, meeting with key legislators and educators to ensure that the rights of Kin kids and their families are fully recognised and receive the support they so righffully deserve. How did the team do this? The team continue to update their training to develop their own skills and knowledge base and to ensure they can offer the best support to our Kinship families. They work in partnership with carers and year on year referrals into the project increases substantially. The seniice continues to grow and develop based on the needs of the families as they present.
KINSHIP CARERS TRUSTEES, ANNUAL REPORT- CONTINUED For the year ended 31 March 2024 Currently, the team pn)vide one-to-one support. group work and peer support, health and well-being, parenting programmes and a range of educational and fun activities. In addition to this, the team contribute to the training of key professionals e.g. Social Workers. Targets 100 % of our Kinship Families have aCS to Priority One Gym passes enabling thern to improve their physical and mental wellbeing. 1000A Feel less isolated 95¢/0 of Kin Children had new experiences 1000/0 Kin Families felt more able to get their voices heard through campaigning FINANCIAL REVIEW Total income in the year was £145,438 (2023: £144,148) of which £130,895 (2023: £133,100) related to funding for projects upon which restrictions are placed. Total expenditure in the year was £152,930 (2023: £156,133) leaving a deficit for the year of £7,492 (2023 deficit: £11,985). At 31 March 2024 the charitable company's reserves stood at £126,876 (2023',£134,368) of which £77,853 (2023:£97,728) repsented restricted funds. Reserves Policy It is the policy of the charitable cornpany to maintain unrestricted funds, which are free reserves, at a level to cover redundancy provisions and three months running costs should no further funding be received. At the end of the financial year the unrestricted funds totalled £49,023 and was sufficient to cover these costs. Plans for Future Periods We continue to work in partnership with other agencies to ensure maximum resources and support for all Kinship Families and will always consult, involve and often take the lead from our families to ensure their issues and needs are recognised and resolved. We aim to provide a bespoke parenting course for all new carers, allowing our established CarS to take an active role in this and pass on their experiences of what works and what does not. Technology will play a big part in our future plans,. this is how our young people and a lot of our carers Gommunicate and we welcorne new projects that this will open up for us.
KINSHIP CARERS STATEMENT OF TRUSTEES RESPONSIBILMES For the year ended 31 March 2024 Company law requires the Directors to prepare financial statements for each financial period that give a true and fair view of the stste of affairs of the company and of its income and expenditure for that period. In preparing those financial statements, the Directors are required to". select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the company will continue as a going concern", state whether applicable accounting standards have been followed, subject to any material departure disclosed and explained in the financial statements. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. By Order of the Board M. Thomas Date.,
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINSHIP CARERS I report on the accounts for the year ended 31 March 2024 set out on pages 9 to 17. Respective responsibilities of trustees and examiner The charity's trLJStees, who are also the directors of the Company for the purpose of company law, are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is required. It is my responsibility to: examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145 (5)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of the independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Gharity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees conmIng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those rnatters set out in the statement below, Independent examiner's statement In connection with my examination, no matter has come to my attention: which gives me reasonable cause to believe that, in any material respect, the requirements.. a. to keep accounting records in accordance with section 130 of the Charities Act; and b. to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Charities Act have not been met., or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed., Date: Name.. Stephen Leonard BA, FCCA Counting For Communities Ltd 16 Holmwood Drive, Liverpool, L37 1 PQ
KINSHIP CARERS STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) For the year ended 31 March 2024 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2023 Total funds Note INCOMING RESOURCES Incoming & end0ents from: Donations and legacies Charitable acb'vities Other trading activities Investments 14,543 14,543 130,895 10,048 134,100 130,895 Total income 14,543 130,895 14S,438 144,148 RESOURCES EXPENDED Raising funds Charitable activities 7.379 145,551 162,930 156,133 Total expenditure 7,379 145,551 152,930 156,133 Net Incoff£ l (expenditure) for the year before transfe rs Transfer between fvnds 7,164 (14,656) (7,492) (11,985) 219 (219) Net IncowÉ l (expenditure) for the year 7.383 (14,875) (7,492) (11,985) RECONCILIATION OF FUNDS Total funds brought forward 13 41,640 92,728 134,368 146,353 TOTAL FUNDS CARRIED FORWARD 49,023 77,853 126,876 134,368 There are no recognised gains or losses other than the net movement in funds for the above two financial years. All incoming resources and resources expended derive from continuing activities. The notes form part of these financial statements
KINSHIP CARERS BALANCE SHEET at 31 March 2024 Registration Number: 05943911 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2023 Total funds Note FIXED ASSETS Tangible assets 20 20 27 CURRENT ASSETS Debtors Cash at bank and in hand 10 11 49,878 49,878 78,883 78,883 128,761 128,761 138,830 138,830 CREDITORS Arnounts falling due within one year 12 (855) (1,050) (1,905) (4,489) NET CURRENT ASSETS 49,023 77,833 126,856 134,341 TOTAL ASSETS LESS CURRENT LIABILITIES 49,023 77,853 126,876 134,368 FUNDS Unrestricted funds Restricted funds 13 49,023 77,853 41,640 92,728 TOTAL FUNDS 126,876 134,368 For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibllltles The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006 The directors acknowledge their responsibilities for cornplying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The financial statements were approved by the Board of Trustees and signed on its behalf by: I-11-LLp M. Thomas Date The notes fomi part of these financial statements 10
KINSHIP CARERS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 1. ACCOUNTING POLICIES Accounting convention The financial statements of the charity. which is a public benefrt entity under FRS 102, have been prepared under the historical cost convention, the Companies Act 2006, the Charities Act 2011 and 'Accounting and Reporting by Charities: Staternent of Recommended Practice for Charities, applicable to Gharities 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 has taken advantage of the disclosure exemption in preparing these financial statements, as permitted by FRS 102, the requirements of Section 7 Statement of Cash Flows. The accounts are prepared in sterling, which is the functional currency of the charity and monetary amounts in these financial statements are rounded to the nearest £. Going Concern At the time of approving the accounts, the trustees have 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 accounts. Income Incoming recognition All incoming resources are included on the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income and the amount can be quantrfied with reasonable accuracy Incomlng Resources with Related Expendfture Where incoming reSoUrS have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA Grants and Donatlons Grants and donations are only included in the SOFA when the Charity has unconditional entitlement to the resource. Contractual Income and Perfonnance Related Grants This is only included in the SOFA once the related goods or serVIS have been delivered. Volunteer Help The value of any voluntary help received is not included in the accounts. Investment Income This is included in the accounts when receivable. Ex enditure and Liabilities Liability Recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to that expenditure. Governance Costs These include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and Cost of any legal advice to trustees on govemance or constitutional matters.
KINSHIP CARERS NOTES TO THE FINANCIAL STATEMENTS- CONTINUED For the year ended 31 March 2024 Grants and Performance Conditions Where the charity gives a grant with conditions for its payment being a specific level of seniice output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specific service or output. Grants payable without Performance Conditions These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity Fixed assets and depreciation Depreciation is provided at the following annual rates in order to write off each asset over its estirnated useful life. The following rates and methods are used.. Fixtures and Fittings 250/0 reducing balance All equipment, fixtures and fittings with an original cost of less than £750, are written off in the year in which the expenditure was incurred on the basis that due to the nature of the company's activities, there is no expectation that the cost of the assets will be recovered in the way of future revenues. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans whiGh are subsequently measured at amortised cost using the effective interest method. Taxation The charity is exempt from corporation tax on its charitable activities and is not registered for VAT. As registered charity the company benefits from rates relief. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds - can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 12
KINSHIP CARERS NOTES TO THE FINANCIAL STATEMENTS- CONTINUED For the year ended 31 March 2024 2024 2024 Unrestricted Restricted 2024 Total 2023 Total Note 2 Donations and legacies Donations 14,543 14,543 14,543 14,543 10,048 10,048 2024 2024 Unrestricted Restricted 2024 Total 2023 Total 3 Charitable activities Tudor Trust Steve rgan Foundation HAFIOpal Big Lottery Kinship Together Picton Childrens Centre Liverpool City Council Grandparents Plus Support Big Lottery Community Fund Cash for kids Torus Other small grants 20,000 25,000 28,500 50,000 1,500 700 5,195 20,000 25,000 28,500 50,000 1,500 700 5.195 20,000 25,000 32,000 25,000 25,000 3,600 2,500 1,000 134,100 130,895 130,895 2024 2024 Unrestricted Restricted 2024 Total 2023 Total 4 Other trading activities Other trading activities 2024 2024 Unrestricted Restricted 2024 Total 2023 Total 5 Investments Bank interest receivable 13
KINSHIP CARERS NOTES TO THE FINANCIAL STATEMENTS- CONTINUED For the year ended 31 March 2024 2024 2024 Unrestricted Restricted 2024 Totsl 2023 Total Note 6 Resources Expended Charitable activities Govemance Costs - see below Salaries Sessional stsff Therapist Payroll fee Transport Materials & activities Trips Telephone Training Rent Roorn hire Sundrylother costs Donations to good causes Food & refreshments Postage & stationery Volunteer expenses Insurance rr equipment & support Depreciation 855 855 95,278 815 90,452 1,071 760 514 8,145 6,040 18,752 1,366 383 3,389 3,332 349 3,898 8,922 2,109 130 523 5,173 10 156,133 95,278 640 506 6,061 8,861 11,869 1,183 290 3,668 1,720 416 640 506 6,061 11,585 11.869 1,183 290 3.668 1,720 416 3,700 9,163 1,768 100 551 3.670 2,724 3,700 100 9,063 1,768 100 551 3,570 7,379 145,551 152,930 Included in Governance costs Independent exam iner's fees 855 855 855 855 815 815 14
KINSHIP CARERS NOTES TO THE FINANCIAL STATEMENTS- CONTINUED For the year ended 31 March 2024 Direct Support & Charitable Governance Expenditure Costs Note 7 Analysis of expenditure Total expenditure in 2024 Total expenditure in 2023 Total 140.116 141,502 12,814 14,631 152,930 156,133 Analy3ed as follow5: Direct Charitable Expenditure Salaries Sessional staff Therapists Transport roaterials, Activities & Trips Donations to good causes Roorn hire Food & refreshments Volunteer Expenses 2024 2023 95,278 90,452 1,071 760 8,145 24,792 3,898 3,332 8,922 130 141,502 6,061 23,454 3,700 1,720 9,163 100 140,116 Support & Governance Costs Governance Costs Payroll fee Telephone Training Rent Postage & stationery Insurance rr Costs Sundrylother costs Depreciation 855 506 1.183 290 3,668 1,768 551 3,570 416 815 514 1,366 383 3,389 2,109 523 5,173 349 10 14,631 12.814 15
KINSHIP CARERS NOTES TO THE FINANCIAL STATEMENTS- CONTINUED For the year ended 31 March 2024 Note 8 Staff Costs and Employees Wages and salaries Pension Social security costs 2024 2023 92,826 424 2,028 95,278 88,125 359 1,968 90,452 No employee eamed £60,000 or more during the year (rK)r the previous year) The average number of employees durirg the year was .' 2024 Charitable activities 2023 9 Fixed Assets Fixtures & Fittings Unrestricted Restricted Total Cost At 14)ril 2023 Disposals Additions At 31 March 2024 Depreciation At 1 April 2023 On Disposals Charge for year At 31 Kgrch 2024 Net Book Value At 31 rch 2024 At 31 March 2023 380 380 380 380 353 353 360 360 20 27 20 27 2024 2023 10 Debtors Prepayments & accrued income 2024 2023 11 Cash at bank and in hand Current Account Petty Cash 128.731 30 128,761 138,623 207 138,830 2024 2023 12 Creditors . amunts falling due wtthin one ypar Creditors Accruals 133 1,772 1,905 102 4,387 4.489 16
KINSHIP CARERS NOTES TO THE FINANCIAL STATEMENTS- CONTINUED For the year ended 31 March 2024 Note 13 Movement in Funds Balance at 31 March 2023 Balance at 31 March 2024 hcoming Resources Transfers Resources Expended In l (Out) Unrestricted Funds General Fund 41,640 41,640 14,543 14,543 (7,379) (7,379) 219 219 49,023 49,023 Restricted Funds Big Lottery Community Fund Tudor Trust Grandparents Plus Support Big Lottery Kinship TogetrEr Steve M)rgan Foundation HAFIOpal The Tudor Trust Fund PH Holt Foundation Covid 19 Response Lottery Merseyside Play ktion Council Liverpool City Council SMF Garfield Weston Torus Picton Childrens Centre SIB Group- DCLG Challenge 292 7,900 1,772 7,767 5,672 6,584 25,669 5,932 (292) (6,256) (1,731) (57,527) (276) (27,008) {7,781) (4,504) {3,175) (503) (3,123) (27,679) (5,484) (497) 1,644 5,236 240 5,396 8,076 37,888 1,428 4,171 5,195 50,000 28,500 20,000 430 10,193 3,621 7,023 2,5(J) 73 700 25,000 7,770 942 1,539 2.003 1,500 20 77,853 1,500 27 92,728 (7) (145,551) 130,895 (219) Total Funds 134,368 145,438 (152,930) 126,876 14 Trustees, Remuneration and Benefits There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023 15 Trustees, Expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023 16 Capital ComMitents The company had no capital commitments at 31 fvlarch 2024 (2023: None) either contracted for or authorised by the directors but not contracted for. 17