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2021-03-31-accounts

Charity Registration Number: 1128910

Company Registration Number: 06746629

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

REPORTS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

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CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

REPORTS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Pages
Directors’/Trustees’ Report 1 to 4
Independent Examiner’s Report 5
Statement of Financial Activities/Summary Income and Expenditure Account 6
Balance Sheet 7
Statement of Cash Flows 8
Notes to the Financial Statements 9 to 18

Page 1

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

DIRECTORS’/TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

The directors/trustees have pleasure in presenting their report and the unaudited financial statements of the charitable company (‘the charity’) for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 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’, published in October 2019.

LEGAL AND ADMINISTRATIVE INFORMATION

Registered Charity Name: Carers Together Foundation
Charity Registration Number: 1128910
Company Registration Number: 06746629
Governing Document: Memorandum and Articles of Association
Registered Office: Innovation Centre
Vienna Court
Kirkleatham Business Park
Redcar
TS10 5SH
Directors/Trustees: Ms. C. Cousins (Resigned 27.5.21)
Mr. W. Mogg
Mrs. S. Richardson (Resigned 30.9.21)
Dr. R. Parkin
Mrs. S. Sheperia (Resigned 27.5.21)
Ms. J. Jarvis (Died 28.5.20)
Mrs. D. Masterman
Mrs. S. Renvoize
Mrs. V. Ononeze
Company Secretary: Mr. L. O’Brien
Chief Executive: Mr. L. O’Brien
Independent Examiner: Mr. J. Lester FCA
Baines Jewitt Limited
Chartered Accountants
Barrington House
41-45 Yarm Lane
Stockton-on-Tees
TS18 3EA
Bankers: HSBC Bank plc
2 West Dyke Road
Redcar
TS10 1EA
Solicitors: Bond Dickinson
Camden House
Prince’s Wharf
Teesdale
Stockton-on-Tees
TS17 6QY

Page 2

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

DIRECTORS’/TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES

Carers Together’s vision is ‘A better future for carers’ and we work to achieve this by informing, supporting and representing carers living in Redcar and Cleveland, Middlesbrough and the surrounding area. We have a Board of five trustees, who are also directors (one of whom is a carer) and a team of paid staff and volunteers.

Our aims are:

The objects of the charity over the year were to promote any charitable purpose for the benefit of the elderly, sick or people with a disability living or located within the borough of Redcar and Cleveland or such other area as the trustees may from time to time decide, and in particular the relief of need and hardship, by providing support, advice and information to those responsible for their care, to improve the quality of their lives.

The trustees have complied with their duty to have due regard to public benefit in exercising their powers and in ensuring the delivery of Carers Together’s services.

ACHIEVEMENTS AND PERFORMANCE

In 2020-2021, Carers Together has continued to increase the range and quality of the information and support services we provide for carers, as well as the number of opportunities for carers to influence the delivery and development of services that affect them and the people they care for.

During the COVID-19 pandemic we have reviewed and adapted our information and support services so that we could continue to offer support during COVID-19 restrictions.

Carers who have been supported by our services have reported an improvement in their health and wellbeing, their finances, their relationships and social networks and they feel more informed and supported, as well as recognised and valued.

Over the past 12 months we have:

Page 3

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

DIRECTORS’/TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

FINANCIAL REVIEW

The results for the year and financial position at the year end are shown in the annexed financial statements.

Reserves Policy

The trustees aim to expend all funds on their charitable objects but recognise the need to maintain a certain level of reserves as a cushion against possible future funding difficulties. Unrestricted cash reserves at a level of four months’ expenditure across the unrestricted fund is considered sufficient to allow the charity to continue its operations whilst alternative funding sources are sought. This minimum level of unrestricted reserves was comfortably met at both 31 March 2020 and 31 March 2021.

PLANS FOR FUTURE PERIODS

Carers Together is committed to meeting its objects as defined in the Memorandum and Articles of Association.

During the coming year we will focus our activities on:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

Carers Together Foundation is a company limited by guarantee incorporated on 11 November 2008, and a registered charity, governed by its constitution, which was adopted on 29 October 2002 and amended on 29 January 2003, 2 March 2009 and 26 March 2013.

In the event of the company being wound up, members are required to contribute an amount not exceeding £10.

Appointment of Trustees

Under the terms of the Memorandum and Articles of Association, one-third of the trustees are required to stand down each year, according to their length of service on the Board. New trustees are appointed by the Board.

Trustee Induction and Training

All trustees complete a programme of induction into the organisation, delivered by the Chair and the Chief Executive. This includes information about their roles and responsibilities and the organisation’s policies and procedures. Trustees complete individual selfassessments and annual appraisals, which identify any training needs, and there is an annual bespoke training session for all trustees. Inhouse training is also provided at the end of Board meetings.

Related Parties

Other than as disclosed in notes 7 and 19 to the financial statements, there were no reportable related party transactions during the year under review.

Page 4

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

DIRECTORS’/TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

Pay Policy for Senior Staff

The board of directors are also the charity’s trustees and, along with the Chief Executive, are the key management personnel responsible for directing and operating the charity on a day-to-day basis. All directors give their time and expertise freely and no director received remuneration in the year.

The pay of the senior staff is reviewed annually and is normally increased in accordance with pay settlements agreed nationally by the Joint Negotiating Committee, which endorses professional qualifications for Youth and Community workers and negotiates their employment conditions. The trustees also benchmark against pay levels in other voluntary sector organisations of a similar size operating in the North East region.

Risk Management

The trustees have conducted a review of the major risks to which the charity is exposed. External risks to funding can only be reduced by allowing for diversification of funding and activities. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charity. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.

STATEMENT OF DIRECTORS’/TRUSTEES’ RESPONSIBILITIES

The trustees (who are also directors of Carers Together Foundation for the purposes 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

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

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approval

This report was approved by the directors/trustees on 25 November 2021 and signed on their behalf by:

Mrs. D. Masterman Director/Chair of Trustees

Page 5

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CARERS TOGETHER FOUNDATION

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2021 which are set out on pages 6 to 18.

Responsibilities and Basis of Report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner’s Statement

Since the company’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

J. Lester

J. Lester FCA Baines Jewitt Limited Chartered Accountants Barrington House 41-45 Yarm Lane Stockton-on-Tees TS18 3EA

Dated: 25 November 2021

JL/AJD

Page 6

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 (including Summary Income and Expenditure Account)

Unrestricted Funds Unrestricted Funds Restricted Funds Restricted Funds Total Funds
Notes 2021 2020 2021 2020 2021 2020
£ £ £ £ £ £
INCOME
Donations and legacies 4(a) 3,601 3,172 - - 3,601 3,172
Income from charitable activities 4(b) 15,500 - 658,009 644,964 673,509 644,964
Investment income 4(c) 3 12 - - 3 12
Other income 841 1,565 - - 841 1,565
__ __ ____ ____ ____ ____
TOTAL INCOME 19,945 4,749 658,009 644,964 677,954 649,713
======= ======= ========= ========= ========= =========
EXPENDITURE
Charitable Activities 5 14,052 12,668 568,772 594,563 582,824 607,231
__ ___ ____ ____ ____ ____
TOTAL EXPENDITURE 14,052 12,668 568,772 594,563 582,824 607,231
======= ======== ========= ========= ========= =========
Net income/(expenditure) 8 5,893 (7,919) 89,237 50,401 95,130 42,482
Transfers between Funds 13 10,973 11,401 (10,973) (11,401) - -
__ __ ___ ___ ___ ___
Net Movement in Funds 16,866 3,482 78,264 39,000 95,130 42,482
Reconciliation of funds:
Total funds brought forward 13 165,654 162,172 97,715 58,715 263,369 220,887
____ ____ ___ ___ ____ ____
Total Funds Carried Forward 13&14 182,520 165,654 175,979 97,715 358,499 263,369
========= ========= ======== ======== ========= =========

The Statement of Financial Activities includes all gains and losses recognised in the year.

All incoming resources and resources expended derive from continuing activities.

The notes on pages 9 to 18 form part of these financial statements

Page 7

CARERS TOGETHER FOUNDATION Company Registration Number: 06746629 (A Company Limited by Guarantee)

BALANCE SHEET AS AT 31 MARCH 2021

Notes 2021 2020
£ £ £ £
FIXED ASSETS
Tangible assets 9 9,334 17,639
CURRENT ASSETS
Debtors 10 24,488 48,718
Cash at bank and in hand 354,530 219,479
____ ____
379,018 268,197
CREDITORS: Amounts falling due
within one year 11 (29,853) (22,467)
____ ____
NET CURRENT ASSETS 349,165 245,730
____ ____
NET ASSETS 358,499 263,369
========= =========
REPRESENTED BY:
FUNDS
Unrestricted 13&14 182,520 165,654
Restricted 13&14 175,979 97,715
____ ____
TOTAL FUNDS 358,499 263,369
========= =========

The directors/trustees are satisfied that the charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors/trustees acknowledge their responsibilities for:

(ii) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of Sections 394 and 395, and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as are applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

These financial statements were approved by the directors/trustees on 25 November 2021 and signed on their behalf by:

Mrs. D. Masterman Director/Chair of Trustees

Mr. W. Mogg Director/Trustee

The notes on pages 9 to 18 for part of these financial statements

Page 8

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Notes 2021 2020
£ £
Cash inflow/(outflow) from operating activities 20 138,935 18,937
-------------- ------------
Cash flow from investing activities:
Interest receivable 3 12
Purchase of tangible fixed assets (3,887) (978)
_ _
Net cash inflow/(outflow) from investing activities (3,884) (966)
----------- -----------
Increase/(decrease) in cash and cash equivalents in year 135,051 17,971
Cash and cash equivalents at the beginning of the year 219,479 201,508
____ ____
Total cash and cash equivalents at the end of the year 354,530 219,479
========= =========
Cash and cash equivalents consist of:
Cash at bank and in hand 354,530 219,479
========= =========

The notes on pages 9 to 18 for part of these financial statements

Page 9

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

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

1. CHARITY INFORMATION

The charity (registered number 1128910) is a public benefit entity incorporated in the UK on 11 November 2008 as a company limited by guarantee. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operation and principal activities is the provision of information and support to carers.

2. BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS

Basis of Preparation and Assessment of Going Concern

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with ‘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’, issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act, the Companies Act and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in pounds sterling, which is the functional currency of the charity, and rounded to the nearest pound.

3. ACCOUNTING POLICIES

(a) Income Recognition

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income, after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Grants and donations

Contract performance income

This income is recognised when the performance conditions have been fully met or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Investment income

Investment income is included when receivable by the charity.

Donated services and facilities

Donated services and facilities are recognised in income at their fair value when the economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity (for example, the amount that the charity would be willing to pay in the open market for such facilities and services). A corresponding amount is included in expenditure. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

Page 10

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

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

3. ACCOUNTING POLICIES (Continued)

(b) Resources Expended

Resources expended are accounted for on an accruals basis, inclusive of attributable VAT which cannot be recovered.

Certain expenditure is directly attributable to specific activities and has been apportioned to the costs of those activities on a basis consistent with the use of resources.

(c) Termination Payments

Termination benefits are payable when employment is terminated before the normal retirement date, or whenever an employee accepts voluntary redundancy in exchange for these benefits. The charity recognises termination benefits when it is demonstrably committed to either (i) terminating the employment of current employees according to a detailed formal plan without possibility of withdrawal, or (ii) providing termination benefits as a result of an offer made to encourage voluntary redundancy.

(d) Tangible Fixed Assets

Tangible fixed assets are included at cost less depreciation.

(e) Depreciation

Tangible fixed assets are depreciated over their estimated useful lives as follows:

Leasehold property

Fixtures, fittings and equipment - 20% per annum straight line

(f) Fund Accounting

Funds held by the charity are either:

(g) Pension Costs

Contributions, which are payable into a defined contribution occupational pension scheme, are charged to the Statement of Financial Activities in the period to which they relate.

(h) Operating Leases

Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged against revenue on a straight line basis over the period of the lease.

(i) Financial Instruments

The charity only has financial assets and 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. Any losses arising from impairment are recognised in expenditure.

Page 11

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

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

4(a) INCOME FROM DONATIONS AND LEGACIES

Unrestricted Funds Restricted Funds Total Funds
2021 2020 2021 2020 2021 2020
£ £ £ £ £ £
Donations 3,601 3,172 - - 3,601 3,172
====== ====== ====== ====== ====== ======

The charity benefits greatly from the involvement and enthusiastic support of its many volunteers. In accordance with accounting standards, the economic contribution of general volunteers is not measured in the accounts.

4(b) INCOME FROM CHARITABLE ACTIVITIES

INCOME FROM CHARITABLE ACTIVITIES
Unrestricted Funds Restricted Funds Total Funds
2021 2020 2021 2020 2021 2020
£ £ £ £ £ £
Grant and Contract Performance Income:
Redcar & Cleveland Borough Council:
Carers Information & Support Service - - 210,333 205,333 210,333 205,333
Carers Information & Support Service (Hospitals) - - 100,000 100,000 100,000 100,000
COVID Discretionary Funding 5,500 - - - 5,500 -
COVID Health & Wellbeing Fund - - 22,000 - 22,000 -
Middlesbrough Borough Council:
Benefits Advice for Carers - - - 18,326 - 18,326
Carers Outreach Assessment and Support Service - - 173,000 173,000 173,000 173,000
COVID Discretionary Funding 10,000 - - - 10,000 -
Financial Inclusion Group - - 10,000 5,000 10,000 5,000
Addaction - - - 49,620 - 49,620
National Lottery Community Fund - - 68,176 65,997 68,176 65,997
National Lottery Community Fund COVID Uplift
Grant - - 28,000 - 28,000 -
Community Connect - - - 20,688 - 20,688
County Durham Community Foundation:
COVID Response Fund - - 10,000 - 10,000 -
Winter Resilience Grant - - 15,000 - 15,000 -
NHS England:
Mind The Gap - - 10,000 - 10,000 -
Safeguarding Funding - - 1,000 - 1,000 -
Redcar & Cleveland Parent Carer Forum - - 7,000 7,000 7,000 7,000
Sport England - Your Active Living Fund - - 3,500 - 3,500 -
__ ___ ____ ____ ____ ____
Total per Statement of Financial Activities 15,500 - 658,009 644,964 673,509 644,964
======= ======== ========= ========= ========= =========

4(c) INVESTMENT INCOME

INVESTMENT INCOME
Unrestricted Funds Restricted Funds Total Funds
2021 2020 2021 2020 2021 2020
£ £ £ £ £ £
Bank interest receivable 3 12 - - 3 12
===== ===== ===== ===== ===== =====

Page 12

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

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

5. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Unrestricted Funds Restricted Funds Restricted Funds Total Funds
2021 2020 2021 2020 2021 2020
£ £ £ £ £ £
Breaks for carers - grants - - 3,719 - 3,719 -
Carers activities and counselling - - 28,889 18,084 28,889 18,084
Salaries and national insurance - - 342,798 392,801 342,798 392,801
Pension costs - - 10,052 10,328 10,052 10,328
Recruitment expenses - - 3,880 434 3,880 434
Rent, rates and water - - 35,815 26,923 35,815 26,923
Insurance - - 3,421 4,608 3,421 4,608
Heat and light - - 835 2,152 835 2,152
Training - - 3,548 2,731 3,548 2,731
Room hire and catering - - 801 5,417 801 5,417
Travel - - 827 7,955 827 7,955
Printing and postage - - 7,534 6,319 7,534 6,319
Telephone - - 7,350 12,345 7,350 12,345
Stationery - - 2,332 3,059 2,332 3,059
Miscellaneous - - 279 304 279 304
Depreciation 9,742 11,401 - - 9,742 11,401
Loss on disposal of fixed assets 1,230 - - - 1,230 -
Support costs - see note 6 1,220 1,267 110,367 97,623 111,587 98,890
Governance costs - see note 6 1,860 - 6,325 3,480 8,185 3,480
__ __ ____ ____ ____ ____
14,052 12,668 568,772 594,563 582,824 607,231
======= ======= ========= ========= ========= =========

6. ANALYSIS OF SUPPORT AND GOVERNANCE COSTS

Basis of Support Costs Support Costs Governance Costs Total Costs
Apportionment 2021 2020 2021 2020 2021 2020
£ £ £ £ £ £
Salaries and national insurance Staff role 63,329 60,772 - - 63,329 60,772
Pension costs Staff role 1,743 1,344 - - 1,743 1,344
Recruitment expenses Staff role - 717 - - - 717
Rent, rates and water Staff time 3,980 2,991 - - 3,980 2,991
Insurance Staff time 380 512 - - 380 512
Heat and light Staff time 93 239 - - 93 239
Training Direct - - - - - -
Printing and postage Staff time 837 702 - - 837 702
Telephone Staff time 817 1,372 - - 817 1,372
Stationery Staff time 259 340 - - 259 340
Equipment maintenance and Direct 14,006 10,618 - - 14,006 10,618
promotional
Legal and professional Direct 18,270 13,000 - - 18,270 13,000
Repairs, Health & Safety Direct 6,653 5,016 - - 6,653 5,016
Depreciation Staff time 1,083 1,267 - - 1,083 1,267
Loss on disposal of fixed assets Staff time 137 - - - 137 -
Accountancy Governance - - 5,160 2,880 5,160 2,880
Trustee training Governance - - 660 - 660 -
Peer mentoring Governance - - 2,365 600 2,365 600
____ ___ _ _ ____ ____
111,587 98,890 8,185 3,480 119,772 102,370
========= ======== ====== ====== ========= ========

Page 13

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

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

7. STAFF COSTS AND REMUNERATION OF KEY MANAGEMENT PERSONNEL

2021 2020
£ £
Salaries and wages 386,505 433,400
Social security costs 19,622 20,173
Pension costs 11,795 11,672
____ ____
417,922 465,245
========= =========

The total employment benefits, including employer pension contributions, of key management personnel were £58,336 (2020: £54,311).

No employee had employee benefits of £60,000 per annum or more (2020: none).

No remuneration was paid to trustees in the year. No trustees were reimbursed travel expenses in the year (2020: two trustees reimbursed £329.50). No other expenses were reimbursed to trustees in the year.

The charity has indemnity insurance on behalf of the trustees. The cost of the premium included in these financial statements is £220.37 (2020: £220.37).

The average and full-time equivalent (FTE) number of employees during the year was as follows:

2021 2021 2020 2020
No. FTE No. FTE
Direct charitable work 13 9 15 11
Administrative 10 7 10 7
____ ____ ____ ____
23 16 25 18
==== ==== ==== ====

8. NET INCOME/(EXPENDITURE) FOR THE YEAR

This is stated after charging: 2021 2020
£ £
Loss on disposal of fixed assets 1,367 -
Depreciation of tangible fixed assets 10,825 12,668
Independent Examiner’s fees:
Accountancy services 3,510 1,650
Independent examination 990 990
Under-provision re previous year 660 240
======= =======

Page 14

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

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

9. TANGIBLE FIXED ASSETS Fixtures,
Leasehold Fittings &
Property Equipment Total
£ £ £
COST
At 1 April 2020 33,430 82,295 115,725
Additions - 3,887 3,887
Disposals (33,430) (45,331) (78,761)
___ ___ _____
At 31 March 2021 - 40,851 40,851
======== ======== ==========
DEPRECIATION
At 1 April 2020 33,430 64,656 98,086
Charge for the year - 10,825 10,825
Disposals (33,430) (43,964) (77,394)
___ __ ___
At 31 March 2021 - 31,517 31,517
======== ======== ========
NET BOOK VALUE
At 31 March 2020 - 17,639 17,639
======== ======== ========
At 31 March 2021 - 9,334 9,334
======== ======== ========
10. DEBTORS
Due within one year: 2021 2020
£ £
Contract/grant income receivable 16,533 46,588
Prepayments and accrued income 7,955 2,130
__ __
24,488 48,718
======= =======
11. CREDITORS: Amounts falling due within one year
2021 2020
£ £
Trade creditors 12,910 9,166
Social security and other taxes 6,493 6,775
Accruals and deferred income 7,390 2,893
Funds under management 3,060 3,633
__ __
29,853 22,467
======= =======
12. OPERATING LEASE COMMITMENTS
The following operating lease payments are committed to be paid within one year:
2021 2020
On land and buildings leases expiring: £ £
Within one year 3,426 21,630
Within two to five years 23,703 18,594
======= =======

Page 15

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

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

13. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
As at As at
2021 1 April 31 March
2020 Income Expenditure Transfers 2021
Unrestricted Funds: £ £ £ £ £
General 165,654 19,945 14,052 10,973 182,520
-------------- ------------ ------------ ------------ --------------
Restricted Funds:
Redcar & Cleveland Borough Council:
Carers Information & Support 40,097 210,333 183,116 (5,487) 61,827
Carers Information & Support (Hospitals) 8,840 100,000 89,655 - 19,185
COVID Health & Wellbeing Fund - 22,000 3,719 - 18,281
Middlesbrough Borough Council:
Benefits Advice for Carers 5,310 - 5,310 - -
Carers Outreach Assessment & Support 38,491 173,000 139,513 (5,486) 66,492
Financial Inclusion Group - 10,000 4,156 - 5,844
Addaction 4,977 - 4,977 - -
National Lottery Community Fund - 68,176 68,176 - -
National Lottery Community Fund COVID Uplift - 28,000 28,000 - -
Grant
County Durham Community Foundation:
COVID Response Fund - 10,000 10,000 - -
Winter Resilience Grant - 15,000 15,000 - -
NHS England:
Mind The Gap - 10,000 10,000 - -
Safeguarding Funding - 1,000 1,000 - -
Redcar & Cleveland Parent Carer Forum - 7,000 6,150 - 850
Sport England - Your Active Living Fund - 3,500 - - 3,500
__ ____ ____ __ ____
97,715 658,009 568,772 (10,973) 175,979
======= ========= ========= ======= =========
As at As at
2020 1 April 31 March
2019 Income Expenditure Transfers 2020
Unrestricted Funds: £ £ £ £ £
General 162,172 4,749 12,668 11,401 165,654
-------------- ---------- ------------ ------------ --------------
Restricted Funds:
Redcar & Cleveland Borough Council:
Carers Information & Support 886 205,333 160,422 (5,700) 40,097
Carers Information & Support (Hospitals) 1,439 100,000 92,599 - 8,840
Carers Emergency Card Service 397 - 397 - -
Dementia Adviser Service 4,873 - 4,873 - -
Middlesbrough Borough Council:
Benefits Advice for Carers 388 18,326 13,404 - 5,310
Carers Outreach Assessment & Support 1,432 173,000 130,240 (5,701) 38,491
Carers Information & Support (Hospitals) 465 - 465 - -
Financial Inclusion Group - 5,000 5,000 - -
Addaction 677 49,620 45,320 - 4,977
Big Lottery Fund 3 65,997 66,000 - -
Community Connect 2,342 20,688 23,030 - -
Lloyds Bank Foundation 18,387 - 18,387 - -
Middlesbrough Environment City 799 - 799 - -
Redcar & Cleveland Parent Carer Forum - 7,000 7,000 - -
Suicide Prevention Grassroots Community
Funding 3,550 - 3,550 - -
The Henry Smith Charity 23,077 - 23,077 - -
__ ____ ____ __ __
58,715 644,964 594,563 (11,401) 97,715
======= ========= ========= ======= =======

Transfers between funds are as agreed by the Board.

Page 16

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

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

13. MOVEMENT IN FUNDS (Continued)

Restricted Funds

Redcar & Cleveland Borough Council:

Carers Information & Support - to support carers in the community across Redcar & Cleveland. This fund includes additional grants received for Infection Prevention Control (IPC) and communication.

Carers Information & Support (Hospitals) - to provide a Carers Information and Support Service for South Tees carers in local hospitals.

COVID Health & Wellbeing Fund - to provide carers with items and services to relieve hardship as a result of the COVID pandemic.

Carers Emergency Card Service - to run a call-out scheme designed to provide assistance to Redcar & Cleveland carers, if they are unexpectedly unable to provide care for the person they look after.

Dementia Adviser Service - to provide information and support services to people affected by dementia, and their carers.

Middlesbrough Borough Council:

Benefits Advice for Carers - to support people in a caring role who are in financial hardship.

Carers Outreach Assessment & Support - to support carers in the community across Middlesbrough.

Carers Information & Support (Hospitals) - to identify and support Middlesbrough carers through James Cook University Hospital.

Financial Inclusion Group - to provide welfare rights information and support to Middlesbrough carers.

Addaction - to provide information and support to substance misuse carers in Redcar & Cleveland.

National Lottery Community Fund - to engage carers in their local communities.

National Lottery Community Fund COVID Uplift Grant - in the year to 31 March 2021, an uplift was awarded through the COVID response programme.

Community Connect - to provide information and support to adults living in Middlesbrough, to help them to improve their health and wellbeing.

County Durham Community Foundation - COVID Response Fund - to provide counselling for carers.

County Durham Community Foundation - Winter Resilience Grant - to provide counselling for carers.

Lloyds Bank Foundation - to support carers in order to reduce the risk of financial hardship.

Middlesbrough Environment City - to provide information and support to carers in Middlesbrough in order to prevent fuel poverty.

NHS England Mind The Gap - to carry out a consultation exercise with young adult carers.

NHS England Safeguarding Funding - to provide a training event for parent carers.

Redcar & Cleveland Parent Carer Forum - to provide administrative support and grant management to the forum.

Sport England, Your Active Living Fund - to remove barriers for carers taking part in physical activity in Middlesbrough.

Suicide Prevention Grassroots Community Funding - to support male carers to improve their health and wellbeing.

The Henry Smith Charity - to provide support and information for adult carers in Redcar & Cleveland.

Page 17

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

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

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible Net
Fixed Current
Assets Assets Total
£ £ £
Unrestricted funds 9,334 173,186 182,520
Restricted funds - 175,979 175,979
__ ____ ____
Total Funds 9,334 349,165 358,499
======= ========= =========

15. FUNDS OF THE CHARITY

Unrestricted funds are those which the trustees are free to use in accordance with the charitable objects, although the trustees may decide to designate part of these funds for specific purposes.

Restricted funds are those which have been given for particular purposes and projects.

16. TAXATION

HM Revenue & Customs have approved the charitable status of Carers Together Foundation and its income is therefore exempt from tax under Sections 505 and 506 of The Taxes Act 1988, provided that such income is applied for charitable purposes.

17. PENSION SCHEME

The charity operates a defined contribution pension scheme for its employees. The amount recognised as an expense in the period was £11,795 (2020: £11,672).

18. CONTROLLING PARTY

Throughout the year, the charity was under the control of the Board of Trustees.

19. RELATED PARTY TRANSACTIONS

During the year under review, there were no related party transactions.

In 2020, Mrs. J. Bracknall was on the Management Committee of St. Mary’s Centre, a premises which is rented by the charity at an annual cost of £16,279.

Total unrestricted donations from related parties during the year under review amounted to £nil (2020: £20).

20. RECONCILIATION OF NET MOVEMENTS IN FUNDS TO

RECONCILIATION OF NET MOVEMENTS IN FUNDS TO
CASH FLOW FROM OPERATING ACTIVITIES 2021 2020
£ £
Net movement in funds 95,130 42,482
Add:Depreciation charge 10,825 12,668
Add:Loss on disposal of fixed assets 1,367 -
Less:Interest receivable (3) (12)
Decrease/(increase) in debtors 24,230 (23,478)
Increase/(decrease) in creditors 7,386 (12,723)
___ __
Cash Flow from Operating Activities 138,935 18,937
======== =======

Page 18

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

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

21. FINANCIAL INSTRUMENTS

The carrying amounts of the charity’s financial instruments are as follows:

Financial Assets 2021 2020
£ £
Debt instruments measured at amortised cost:
- Contract/grant income receivable 16,533 46,588
======= =======
Financial Liabilities
Measured at amortised cost:
- Trade creditors 12,910 9,166
- Social security and other taxes 6,493 6,775
- Accruals and deferred income 7,390 2,893
- Funds held under management 3,060 3,633
======= =======
The income attributable to the charity’s financial instruments is as follows:
Interest receivable:
- Financial assets measured at amortised cost 3 12
====== ======