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2024-03-31-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 2024

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

REPORTS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Pages
Trustees’ Annual Report (including Directors’ 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 20

Page 1

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The trustees have pleasure in presenting their report and the unaudited financial statements of the charitable company (‘the charity’) for the year ended 31 March 2024.

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.

Trustees of the Charity

The directors of the charitable company are its trustees for the purposes of charity law. Details of trustees who have served during the year and since the year end can be found on page 4.

OBJECTIVES AND ACTIVITIES

Carers Together’s vision is ‘Enabling carers to have the best possible lives, now and in the future’ and we work to achieve this by informing, supporting and representing carers living in Redcar & Cleveland, Middlesbrough and the surrounding area. We have a Board of 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 & 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 2023/2024, 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.

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 2

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2024

ACHIEVEMENTS AND PERFORMANCE (Continued)

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 and/or operational difficulties. In that almost all of the charitable company’s income and expenditure is currently by way of restricted funding, any minimum reserve level by reference to unrestricted funding will be fairly minimal and the trustees estimate that cash-backed unrestricted funds of circa £15-20,000 would be satisfactory for this purpose.

Additionally, having regard to their internal reserves policy and the current financial climate, the trustees consider it prudent to ringfence further unrestricted reserves to enable the charity to continue its core activities in the event of a downturn in restricted funding and until alternative funding sources are secured. This additional level of unrestricted reserves is currently estimated at circa £145-155,000.

The above combined minimum level of unrestricted reserves was achieved at 31 March 2023 and 31 March 2024.

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.

Page 3

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT (Continued)

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 self-assessments and annual appraisals, which identify any training needs, and there is an annual bespoke training session for all trustees. In-house training is also provided at the end of Board meetings.

Related Parties

Other than as disclosed in notes 5 and 16 to the financial statements, there were no reportable related party transactions during the year under review.

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.

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:

Page 4

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2024

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: Mr W Mogg
Dr R Parkin
Mrs D Masterman
Mrs S Renvoize
Mrs V Ononeze (resigned 21.07.24)
Mrs S Farrant (appointed 19.04.23, resigned 13.06.23)
Company Secretary: Mr L O’Brien
Chief Executive: Mr L O’Brien
Independent Examiner: Mr J Lester FCA
Baines Jewitt Limited
Chartered Accountants
Spitfire House
19 Falcon Court
Preston Farm Industrial Estate
Stockton-on-Tees
TS18 3TU
Bankers: HSBC Bank plc
2 West Dyke Road
Redcar
TS10 1EA
Solicitors: Womble Bond Dickinson
The Spark
Draymans Way
Newcastle Helix
Newcastle Upon Tyne
NE4 5DE

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 5 December 2024 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 2024 which are set out on pages 6 to 20.

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 FCA Baines Jewitt Limited Chartered Accountants Spitfire House 19 Falcon Court Preston Farm Industrial Estate Stockton-on-Tees TS18 3TU

Dated: 5 December 2024

JL/AJW

Page 6

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 (including Summary Income and Expenditure Account)

Unrestricted Funds Unrestricted Funds Restricted Funds Restricted Funds Total Funds
Notes 2024 2023 2024 2023 2024 2023
£ £ £ £ £ £
INCOME
Donations and legacies 2(a) 1,343 71,747 - - 1,343 71,747
Income from charitable activities 2(b) - 9,428 539,963 584,966 539,963 594,394
Investment income 2(c) 105 290 - - 105 290
Other income 494 681 - - 494 681
__ __ ____ ____ ____ ____
TOTAL INCOME 1,942 82,146 539,963 584,966 541,905 667,112
======= ======= ========= ========= ========= =========
EXPENDITURE
Charitable Activities 3 3,687 661 558,336 573,833 562,023 574,494
___ _ ____ ____ ____ ____
TOTAL EXPENDITURE 3,687 661 558,336 573,833 562,023 574,494
======== ====== ========= ========= ========= =========
Net Income/(Expenditure) 6 (1,745) 81,485 (18,373) 11,133 (20,118) 92,618
Transfers between Funds 10 19,611 16,557 (19,611) (16,557) - -
___ __ ___ ___ ___ ___
Net Movement in Funds 17,866 98,042 (37,984) (5,424) (20,118) 92,618
Reconciliation of Funds:
Total funds brought forward 10 293,601 195,559 224,760 230,184 518,361 425,743
--------------- --------------- ---------------- --------------- ---------------- --------------
Total Funds Carried Forward 10&11 311,467 293,601 186,776 224,760 498,243 518,361
========= ========= ========= ========= ========= =========

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 20 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 2024

Notes 2024 2023
£ £ £ £
FIXED ASSETS
Tangible assets 7 11,803 15,946
CURRENT ASSETS
Debtors 8 54,181 38,094
Cash at bank and in hand 456,367 496,910
_____ _____
510,548 535,004
CREDITORS: Amounts falling due
within one year 9 (24,108) (32,589)
_____ _____
NET CURRENT ASSETS 486,440 502,415
_____ _____
NET ASSETS 498,243 518,361
========== ==========
REPRESENTED BY:
FUNDS
Unrestricted 10&11 311,467 293,601
Restricted 10&11 186,776 224,760
----------------- -----------------
TOTAL FUNDS 498,243 518,361
========== ==========

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’ responsibilities:

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 5 December 2024 and signed on their behalf by:

Mrs D Masterman Director/Chair of Trustees

Mr W Mogg Director/Trustee

The notes on pages 9 to 20 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 2024

Notes 2024 2023
£ £
Cash inflow/(outflow) from operating activities 17 (40,648) 61,721
--------------- -------------
Cash flow from investing activities:
Interest receivable 105 290
Purchase of tangible fixed assets - (13,988)
Sale proceeds of tangible fixed assets - 2,000
___ ____
Net cash inflow/(outflow) from investing activities 105 (11,698)
------------- ---------------
Increase/(decrease) in cash and cash equivalents in year (40,543) 50,023
Cash and cash equivalents at the beginning of the year 496,910 446,887
----------------- -----------------
Total cash and cash equivalents at the end of the year 456,367 496,910
========== ==========
Cash and cash equivalents consist of:
Cash at bank and in hand 456,367 496,910
========== ==========

The notes on pages 9 to 20 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 2024

1 ACCOUNTING POLICIES

a) General Information and Basis of preparation

Carers Together Foundation is a private company, limited by guarantee, registered in England on 11 November 2008. 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 4 of these financial statements. The nature of the charity’s operation and principal activities is the provision of information and support to carers.

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 2011, the Companies Act 2006 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.

The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied all year unless otherwise stated.

b) 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 2024

1 ACCOUNTING POLICIES (Continued)

c) 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.

d) 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.

e) Tangible Fixed Assets and Depreciation

Tangible fixed assets are included at cost less depreciation. Depreciation is calculated so as to write off the cost of an asset over the estimated useful life of that asset as follows:

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

f) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

g) Cash at Bank and in Hand

Cash at bank and cash in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

h) Creditors and Provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

i) Fund Accounting

Funds held by the charity are either:

Page 11

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 ACCOUNTING POLICIES (Continued)

j) 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.

k) 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.

l) 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.

m) Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Page 12

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2(a) INCOME FROM DONATIONS AND LEGACIES

Unrestricted Funds Unrestricted Funds Restricted Funds Total Funds
2024 2023 2024 2023 2024 2023
£ £ £ £ £ £
Legacy - 69,934 - - - 69,934
Donations 1,343 1,813 - - 1,343 1,813
------------ -------------- ---------- ---------- ------------ --------------
1,343 71,747 - - 1,343 71,747
======= ======== ====== ====== ======= ========

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.

2(b) INCOME FROM CHARITABLE ACTIVITIES

Unrestricted Funds Restricted Funds Restricted Funds Total Funds
2024 2023 2024 2023 2024 2023
£ £ £ £ £ £
Grant and Contract Performance Income:
Redcar & Cleveland Borough Council:
Carers Information & Support Service - - 165,635 163,489 165,635 163,489
Carers Information & Support Service (Hospitals) - - 75,773 74,721 75,773 74,721
Hospital discharge funding - - - 20,000 - 20,000
Crisis funding - - - 7,500 - 7,500
Middlesbrough Borough Council:
Carers Outreach Assessment & Support Service - - 149,636 147,489 149,636 147,489
Poverty insight interviews - - - 1,500 - 1,500
Hospital discharge funding - - - 20,000 - 20,000
Crisis funding - - - 7,500 - 7,500
Welfare rights - - - 5,000 - 5,000
Ex-carers - - 10,000 - 10,000 -
COVID Re-enablement and counselling - - - 15,000 - 15,000
National Lottery Community Fund - - 70,430 68,967 70,430 68,967
County Durham Community Foundation:
Breaks for Carers - - 5,000 - 5,000 -
Henry Smith:
Parent Carers Worker Fund - - 34,800 33,800 34,800 33,800
Sport England – Your Active Living Fund - - 3,690 - 3,690 -
Leeds Community Foundation - - 10,000 10,000 10,000 10,000
County Durham Community Foundation - - - 10,000 - 10,000
Smart Energy GB Community Fund - 9,428 9,999 - 9,999 9,428
Redcar & Cleveland Voluntary Development Agency - - 5,000 - 5,000 -
------------ ---------- --------------- ---------------- ---------------- ---------------
Total per Statement of Financial Activities - 9,428 539,963 584,966 539,963 594,394
======= ====== ========= ========= ========= =========

Page 13

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2(c) INVESTMENT INCOME

INVESTMENT INCOME
Unrestricted Funds Restricted Funds Total Funds
2024 2023 2024 2023 2024 2023
£ £ £ £ £ £
Bank interest receivable 105 23 - - 105 23
Other interest receivable - 267 - - - 267
-------- -------- -------- -------- -------- --------
105 290 - - 105 290
===== ===== ===== ===== ===== =====

3. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Unrestricted Funds Restricted Funds Restricted Funds Total Funds
2024 2023 2024 2023 2024 2023
£ £ £ £ £ £
Carers grants - - 10,493 3,100 10,493 3,100
Carers activities and counselling 540 - 44,216 55,028 44,756 55,028
Salaries and national insurance - - 285,125 304,605 285,125 304,605
Pension costs - - 7,748 8,327 7,748 8,327
Rent, rates and water - 1,079 33,199 37,476 33,199 38,555
Insurance - - 4,921 4,308 4,921 4,308
Room hire and catering - - 3,030 4,441 3,030 4,441
Travel - - 4,740 4,971 4,740 4,971
Printing and postage - - 8,250 5,861 8,250 5,861
Telephone - - 9,587 8,356 9,587 8,356
Stationery - - 849 627 849 627
Miscellaneous 15 - 651 3,444 666 3,444
Depreciation (298) - 3,424 2,640 3,126 2,640
Loss/(profit) on disposal of fixed assets 603 (1,734) - - 603 (1,734)
Support costs - see note 4 67 1,316 133,835 120,183 133,902 121,499
Governance costs - see note 4 2,760 - 8,268 10,466 11,028 10,466
------------- ------------ ---------------- ---------------- ---------------- ----------------
3,687 661 558,336 573,833 562,023 574,494
======== ======= ========= ========= ========= =========

4. ANALYSIS OF SUPPORT AND GOVERNANCE COSTS

Basis of Support Costs Support Costs Governance Costs Governance Costs Total Costs
Apportionment 2024 2023 2024 2023 2024 2023
£ £ £ £ £ £
Salaries and national insurance Staff role 98,811 84,706 - - 98,811 84,706
Pension costs Staff role 2,823 2,308 - - 2,823 2,308
Rent, rates and water Staff time 3,689 4,284 - - 3,689 4,284
Insurance Staff time 547 479 - - 547 479
Training Direct 2,620 3,611 - - 2,620 3,611
Printing and postage Staff time 917 279 - - 917 279
Telephone Staff time 1,065 928 - - 1,065 928
Stationery Staff time 94 70 - - 94 70
Equipment maintenance and
promotional Direct 11,383 12,272 - - 11,383 12,272
Repairs, Health & Safety Direct 1,329 1,894 - - 1,329 1,894
Depreciation Staff time 347 293 - - 347 293
Loss on disposal of fixed assets Staff time 67 (193) - - 67 (193)
Accountancy Governance - - 9,900 8,685 9,900 8,685
Other professional fees Direct 9,142 9,623 1,128 1,781 10,270 11,404
Recruitment expenses Direct 1,068 945 - - 1,068 945
--------------- -------------- ------------ ------------ ---------------- --------------
133,902 121,499 11,028 10,466 144,930 131,965
========= ======== ======= ======= ========= ========

Page 14

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

5. STAFF COSTS AND REMUNERATION OF KEY MANAGEMENT PERSONNEL

2024 2023
£ £
Salaries and wages 358,773 364,491
Social security costs 25,163 24,820
Pension costs 10,571 10,635
____ ____
394,507 399,946
========= =========

The total employment benefits, including employer pension contributions, of key management personnel were £58,704 (2023: £59,540).

No employee had employee benefits of £60,000 per annum or more (2023: none).

No remuneration was paid to trustees in the year. No trustees were reimbursed travel expenses in the year (2023: none). 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 (2023: £220.37).

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

2024 2024 2023 2023
No. FTE No. FTE
Management, administration and project staff 16 12 18 12
==== ==== ==== ====

6. NET INCOME/(EXPENDITURE) FOR THE YEAR

This is stated after charging: 2024 2023
£ £
Loss/(profit) on disposal of fixed assets 670 (1,927)
Depreciation of tangible fixed assets 3,473 2,933
Independent Examiner’s fees:
Accountancy services 4,680 3,510
Independent examination 1,320 990
Under-provision re previous year 1,200 1,800
Payroll bureau services 2,700 2,385
======= =======

Page 15

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. TANGIBLE FIXED ASSETS Fixtures,
Fittings &
Equipment
£
COST
At 1 April 2023 79,620
Additions -
Disposals (5,994)
___
At 31 March 2024 73,626
========
DEPRECIATION
At 1 April 2023 63,674
Charge for the year 3,473
Disposals (5,324)
___
At 31 March 2024 61,823
========
NET BOOK VALUE
At 31 March 2023 15,947
=======
At 31 March 2024 11,803
=======
8. DEBTORS
Due within one year: 2024 2023
£ £
Contract/grant income receivable 48,244 32,157
Prepayments and accrued income 5,937 5,937
------------ ------------
54,181 38,094
======= =======
9. CREDITORS: Amounts falling due within one year
2024 2023
£ £
Trade creditors 4,228 5,644
Social security and other taxes - 7,846
Accruals and deferred income 10,619 9,838
Funds under management 9,261 9,261
__ __
24,108 32,589
======= =======

Page 16

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

10. MOVEMENT IN FUNDS

0. MOVEMENT IN FUNDS
2024 1 April 31 March
2023 Income Expenditure Transfers 2024
Unrestricted Funds: £ £ £ £ £
General 293,601 1,942 3,147 14,611 307,007
Designated - - 540 5,000 4,460
--------------- ------------ -------------- ------------ ---------------
293,601 1,942 3,687 19,611 311,467
--------------- ------------ -------------- ------------ ---------------
Restricted Funds:
Redcar & Cleveland Borough Council:
Carers Information & Support 37,493 165,635 167,930 - 35,198
Carers Information & Support (Hospitals) 45,383 75,773 76,020 - 45,136
COVID Health & Wellbeing Fund 278 - - - 278
Hospital discharge fund 14,900 - 950 - 13,950
Hardship fund 5,894 - 5,486 - 408
Middlesbrough Borough Council:
Carers Outreach Assessment & Support 48,951 149,636 159,697 - 38,890
Poverty Insight Interviews 1,432 - - (1,432) -
Hospital Discharge Fund 14,830 - 890 - 13,940
Hardship Fund 6,276 - 3,167 - 3,109
Ex-carers - 10,000 1,357 - 8,643
National Lottery Community Fund 2,930 70,430 70,014 - 3,346
County Durham Community Fund:
- Breaks for Carers - 5,000 1,304 - 3,696
NHS England:
Mind The Gap 10,000 - 2,141 (7,859) -
Mind The Gap Transition 10,000 - - (10,000) -
Parent Carers 320 - - (320) -
Henry Smith - Parent Carers Worker Fund 6,768 34,800 35,046 - 6,522
Sport England - Your Active Living Fund 3,472 3,690 3,210 - 3,952
Leeds Community Foundation
- Financial wellbeing 5,833 10,000 10,051 - 5,782
County Durham Community Foundation
- Social prescribing 10,000 - 6,887 - 3,113
Smart Energy GB Communities Fund - 9,999 9,186 - 813
Redcar & Cleveland Voluntary Development
Agency - 5,000 5,000 - -
--------------- --------------- --------------- ------------- ----------------
224,760 539,963 558,336 (19,611) 186,776
--------------- --------------- --------------- ------------- ----------------
Total Funds 518,361 541,905 562,023 - 498,243
========= ========= ========= ======= =========

Page 17

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

10. MOVEMENT IN FUNDS (continued)

2023 1 April 31 March
2022 Income Expenditure Transfers 2023
Unrestricted Funds: £ £ £ £ £
General 195,559 82,146 661 16,557 293,601
-------------- ------------ -------- ------------ --------------
Restricted Funds:
Redcar & Cleveland Borough Council:
Carers Information & Support 59,493 163,489 180,593 (4,896) 37,493
Carers Information & Support (Hospitals) 49,431 74,721 76,111 (2,658) 45,383
COVID Health & Wellbeing Fund 6,939 - 6,661 - 278
Hospital discharge fund - 20,000 100 (5,000) 14,900
Hardship fund - 7,500 1,606 - 5,894
Middlesbrough Borough Council:
Carers Outreach Assessment & Support 72,103 147,489 165,885 (4,756) 48,951
Poverty Insight Interviews - 1,500 68 - 1,432
Hospital Discharge Fund - 20,000 170 (5,000) 14,830
Hardship Fund - 7,500 1,224 - 6,276
Dementia Friendly Activities 1,500 - - (1,500) -
COVID Re-enablement and Counselling 2,120 15,000 34,500 17,380 -
National Lottery Community Fund 390 68,967 65,868 (559) 2,930
County Durham Community Fund:
- Breaks for Carers 4,921 - 4,981 60 -
NHS England:
Mind The Gap 10,000 - - - 10,000
Mind The Gap Transition 10,000 - - - 10,000
Parent Carers 320 - - - 320
Henry Smith - Parent Carers Worker Fund 3,617 33,800 29,530 (1,119) 6,768
Redcar & Cleveland Parent Carer Forum 850 - 2,341 1,491 -
Sport England - Your Active Living Fund 3,500 - 28 - 3,472
Middlesbrough Voluntary Development Agency
- Welfare rights and Counselling 5,000 5,000 - (10,000) -
Leeds Community Foundation - 10,000 4,167 - 5,833
County Durham Community Foundation - 10,000 - - 10,000
____ ____ ____ ____ ____
230,184 584,966 573,833 (16,557) 224,760
--------------- --------------- -------------- --------------- ---------------
Total Funds 425,743 667,112 574,494 - 518,361
========= ========= ========= ========= =========
Transfers between funds are as agreed by the Board.

Unrestricted designated funds – the trustees agreed to set aside a sum of £5,000 from general funds to support clients during the cost of living crisis where the client was experiencing hardship, but did not qualify for support from the Cost of Living Hardship Funds supported by Middlesbrough and Redcar and Cleveland Borough Councils.

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.

Hospital Discharge Fund – to be used flexibly on interventions that best enable the discharge of patients from hospital to the most appropriate location for their ongoing care.

Hardship Fund – to be used to alleviate some of the financial difficulties experienced by carers and the person they care for as a result of the cost of living crisis.

Page 18

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

10. MOVEMENT IN FUNDS (Continued)

Restricted Funds (Continued)

Middlesbrough Borough Council:

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

Poverty Insight Interviews – to support associated costs relating to a series of structured interviews with carers. The aim of these interviews is to gain an insight into any poverty issues experienced by carers in Middlesbrough.

Hospital Discharge Fund – to be used flexibly on interventions that best enable the discharge of patients from hospital to the most appropriate location for their ongoing care.

Hardship Fund – to be used to alleviate some of the financial difficulties experienced by carers and the person they care for as a result of the cost of living crisis.

Ex-carers – to provide emotional support and awareness raising activities for carers whose caring role has ended.

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

County Durham Community Fund:

Breaks for Carers - to provide respite for carers.

NHS England:

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

Mind The Gap Transition - to further consult with young adult carers to identify their needs.

Parent Carers - to provide grant funding for parent carers.

The Henry Smith Charity - to provide support and information to parent carers across South Tees.

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

Leeds Community Foundation - contribution to the costs of the carer’s financial wellbeing service.

County Durham Community Foundation – funding to provide a carer’s social prescribing link worker.

Smart Energy GB Communities Fund – to raise awareness of Smart Meters to carers.

Redcar & Cleveland Voluntary Development Agency – to provide counselling support for carers in Redcar and Cleveland.

COVID Re-enablement and Counselling - funds from Middlesbrough Borough Council and Redcar & Cleveland Development Agency - Resilience Fund to support carers to re-engage with support services following the lifting of COVID-19 restrictions.

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

Page 19

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible Net
Fixed Current
Assets Assets Total
£ £ £
Unrestricted funds 11,803 299,664 311,467
Restricted funds - 186,776 186,776
__ ____ ____
Total Funds 11,803 486,440 498,243
======= ========= =========

12. 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.

13. 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.

14. PENSION SCHEME

The charity operates a defined contribution pension scheme for its employees. The amount recognised as an expense in the period was £10,571 (2023: £10,635).

15. CONTROLLING PARTY

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

16. RELATED PARTY TRANSACTIONS

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

Total unrestricted donations from related parties during the year under review amounted to £nil (2023: £nil).

17. RECONCILIATION OF NET MOVEMENTS IN FUNDS TO

RECONCILIATION OF NET MOVEMENTS IN FUNDS TO
CASH INFLOW FROM OPERATING ACTIVITIES 2024 2023
£ £
Net movement in funds (20,118) 92,618
Add:Depreciation charge 3,473 2,933
Less:Loss/(profit) on disposal of fixed assets 670 (1,927)
Less:Interest receivable (105) (290)
Increase in debtors (16,087) (15,153)
Decrease in creditors (8,481) (16,460)
___ ___
Cash Inflow from Operating Activities (40,648) 61,721
======== ========

Page 20

CARERS TOGETHER FOUNDATION (A Company Limited by Guarantee)

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

18. FINANCIAL INSTRUMENTS

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

The carrying amounts of the charity’s financial instruments are as follows:
Financial Assets 2024 2023
£ £
Debt instruments measured at amortised cost:
- Contract/grant income receivable 48,244 32,157
======= =======
Financial Liabilities
Measured at amortised cost:
- Trade creditors 4,228 5,644
- Social security and other taxes - 7,846
- Accruals and deferred income 10,619 9,838
- Funds held under management 9,261 9,261
======= =======
The income attributable to the charity’s financial instruments is as follows:
Interest receivable:
- Financial assets measured at amortised cost 105 290
====== ======