REGISTERED COMPANY NUMBER: 07533260 (England and Wales) REGISTERED CHARrrY NUMBER: 1143325 RE OF THE ES AND UNAU D FINANCIAL ENTS F EARE IMAR 2024 HOICE Chartered Certifial ACCIntsnts 6 Green Lane Business Park 238 Green Lane Eltham London SE9m
ICE NTErirs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED I MARCH 2024 Page Report of the Trustees I to 3 Independent Examiner's Report 4 to 5 Statement of Finanaal Artivltles Statement of Flnandal Posltlon 7 to 8 Notes to the Flnandal Statements 9 to 15 Detalled Statement of Flnanaal Activlties 16 to 17
OICE DGS REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who a also directors of the charity for the purkK)ses of the Companies Act 2006, present their report with the financial ststernents of the chartty for the year ended 31 March 2024. The trustees have adopted the pmvisions of Accounting and Reporbng by Charities.. Statement of Recommendal Practi applicable to tharitres preparing their accounts in accordan with the Financial Rep)ng Standard applicable in the UK and Republic of I7nd (FRS 102) (efférknve l January 2019). OBJECTIVES AND ACTIvrriES Objectives and alrns: The purm)se of the charity is as set out in the 9)veming dment The organisation was estsblished for chariiable purF(ses to make a pjsitive diffe to the lives of adults with learning disabilities and thelr CarS throwh fkxible and indNwJualisoJ supwrt. The charity reccgnises tw historicalty, adults with rnIng "disabilÈbes their Ca[5 have often been excluded from community Participat. As an organization, we are'committed to enabling and promoting communty presence and we WO with other health profe5sK•nals to raise awareness and understsnding of the implications of teing a carer. Slgnlftcant actlvities: To fulfill the Strt aims of the tharity we identify stsff to meet the indiwdual neas of the Car$ and those they sUPPOrt. This enables communty pwn and prevents al isolation for tt being cared for in addition to providing respite for the carers. The TrLtee5 have referred to the guidan in the a)arity Commission's general guidantr on public benefit when reviewing their aims and obiecbves and in planning fUlU acbvibes. In parlicular, the Tnjstees gUlar consider how planned a¢1]veS will contribute to the aims and obj'ectives that have been in plrLe.' Volunteers- . The charity beneftts from a small group of htghly skilknl aThJ motivat£%J volunteets and a hugety important. It is our ethos to have the hhest standards of Ca which eVeryOr within the dwrity ts vK)lg towards. Sjme of the Trustees themse are also voluntrs arKt offer their voluntsrily, Without , these people, who continue to give their time so willing, carS Ch)ioE would not be able to dellver their Servi so the charity would be at a massive disadvantsge. ACHIEVEMENT AND PERFORMANCE Charltable actlvltles The charity takes great pride in the diffen our supp)rt has made to ppIe,$ live5, and we Eeiieve that our role is as levant tc(Jay as it wa5 when the charity was first established. (her time, the charity has an estab1ifjh seNte pn)vider wrth a well4ewved reputstijn for delivering quality care to our dients. Fundralslng actlvltles: The charty truly grateful to thc6e few Feoe who have contributed to the tharity with their donations as well as those that help to raise fvnds. FINANCIAL REVIEW Financial positlon: The Trustees reccJnise the finanaal perfOrnn by the charity during the year. (erall, finandal year has bn satisfactory given the ongoing impact of the covid as well as other bJ55es to the charity due to unforeseen arcumsiartes. The level of re5eNts meets tharity ReseNes Policy. Reserves policy: It is the Trust view that r( is prudent to ensure that the a sufficient free reseNes to provide finanaal flexibility and to enable the Charity to meet tts ccffimItmts as tly fall due. Page I
HOICE DGS REPORT FOR THE YEAR EN E TRusfEES D 31 MARCH 2 FINANCIAL REVIEW Going concern: Despite the Urring deficits during the last t¥vo year5, the financial slatements have teen prepared on a going concern, whh the Trustees tElieve to be appropriate as the Charity will tE able to meet rts future liabilities as they fall due for payments. Funds in deficlt: The Trustees are fulty aware of the decrease in irorne as well as runnirvj defKits. This Is largely tEcause of bng temi Impact of the COV]D and a loss of a numter of clients. The Trustees are worknng hard to remety these Issues and have recentty taken on few dients. In addition, this year, after consultatkjns, the TNstees took the deasion to increase the hourty rate charges. The trustees are confident these new measu5 will help to È)ost the Charity's revenue. Furthermore, it was also agr by the Board of Ttusts that the Offi staff should redu their wothng hours, which would also 1p to redu the CharFVs overall exFenditure. As such, the Offi manager reduced the working days from fve day5 a week down to four day5. The other two Offi stsff have gone from worknng 5 days a week down to 3 day5 a wk. In January 2025 the charity ts aLso emb3rkirMJ on a new project Ythich should eventual increase the revenue of the Charity and subwuenuy will have an impact on the profftabilty of the Charity. CARE QUALfrY COMMISSION (CQC) INSPECTION REPORT: Back on 22 August 2022, the Charity had an InsbOn visit by CW. The tt of the insFectlon was that the Charity 'Requlr& Improvemenv. The new Management Team at the Ciwrity have work8J hard to matters up to the requir&J standards. The charlty underwent another inskytion this year durirvj whith the inspectors present agreed that there was no for us to be registerej with the Care.Quality Commisslon as we were not dolng any relevant supporfc that r4uirexl registration. We have therefo now dtrregistered. SrRUCTuR GOVERNANCE AND MANAGEMEiir Governing document The charity is controlled Ly ts 9)verning ckxumen( a deed of trust, and conStuteS a Ilm company, limited by guarantee, as defined by the Companies Act 2CMJ6. The Charty Is controlled by its goveming dcthmert¢ De8J of TrusL arnl corItuteS a Ilmlt&l company, limtted by guarantee as defined by the Companies Act 2tffi. The legal name of the charlty is Carers cho Limited. The Is akn known by Its OFerdting name Carers choi DGS The charty Is wister&J in England and wa wtth the Charity Commission in England a1 Wale5 (CCEW) with charity number 1143325 The governing dc(ument of t charity is the Memcffandum atxl Ae5 of Ass¢xiation establishing the company under the company legislatKffi. By operauon of law all trustees are director5 under the Compani* Act 2(K)6 ar¥J all dIor5 are trust under Charittes legislation and have r[)nsIbIlitieS as such under tJ)th company and charfty legislation.
' CARE OICE DGS REPORT OF OR THE YEAR ENDED H 2024 srRucfuRE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees: The governance of the Charity is provided by like-min(l indivKluaLs who are deemed to have the requlr&l ex[erien, exFertise, and compassion. PrO5*ve Trust5 are vetted, whlch Includes referertces and an enhanced DBS check Eefore teing elected to the Poard. Oryanlsational stn4Cture The Board of Twstees includes at least four carers of adults wtth leamlng drsabilEs. A"Il PJeCUte decisions of the Charity are made by the Trust by a majority vote. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Company number 07533260 (EngIar and Wales) Reglstered Charlty number 1143325 Registered offi The Riverside Centre Dickens Road Gravesend DA12 2JY Trustees Ms L Parker DIrr Mrs K E Ruby Director Mrs J Francis DIrr Ms A L Eastman Ms T A Gibson (apF(Jinted 30.5.2023) {rtsigned 25.4.2024) Ms A M Newstead Independent Examlner Chadotte Cross FCCA IMA Andrew Cro4 & Co. Chartered Certified Accountants 6 Green Lane Buslness Park 238 Green Lane New Eltham London SE9m Approved by order of the toard of trust5 on 17 December 2024 and sign1 on its iEhaW by: Mrs K E Ruby- Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRU OF Independent examiner's report to the trustees of Carers chol Dgs ('the Company,) I report to the charity tnjstes on my examination of the accounts of the Company for the year ended 31 Marth 2024. RespOnbIlItieS and basis of report As the chartvs trust of the Compary (and also 115 directors for the purF(6es of company law) you a responsible for the preparatlon of the accounts In aCCordae with the r4uirements of the Companies Act 2006 {'the 2006 Acy). Having satisfied myself that the accounts of the Company a not requi to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I rep)rt in respect of my examination of your charity's accounts as carriel out urKler Section 145 of the Charities Act 2011 ('the 2011 Art). In rryIng out my examination I have follow the Dirthins gNen by the Charity Ccrfnmiss*)n uTrJer Section 145(5) (b) of the 2011 Act. Page 4
INDEPENDEp¥f EXA INER'S REPORT TO T HOICE DGS RUSTEES OF Independent examlnerfs siaternent- matters of concern identified Since your charity's gross income exceeded £250,OCM) your examiner must be a member of a li5t&l boty. I Gin confimi that I am qualif to urklertake the eamInatiOn USe I am a member of the A550ciation of Chartered Certified Accountants, whth is one of the I have completed my examinati. The accoijnts disclose that the Chartty is faang financial dIffultieS and there 15 a materlal untrrtainty that may cast signtficant doubt on the Charitys abilty to continue as a going cOnM. The trustees have prepared the accounts on a going conrn basis, but this depends on the SucsfUl outcome of futu fundraising effots and cost saving measures. I confirm that no other Matte have come to my attention in COrlOn with the examination gNlng me asonable cause to believe that in any mater1 rest*.. acCounUj rrdS were rt kept in respert of the Company as r4ulred by Section 386 of the 2006 Act,. or the accounts do rK)t accord with those reo)rds,' or the accounts do not Comp WFth the accounting wuirements of Secthn 396 of the 2CK)6 Att other than any reNuirement that the accounts give a twe and fair view which Is not a matter consIded as part of an Indendent examination; and the accounts have N)t been preparal in accordan wlth the methc& and prinaples of the Ststsment of Recommended Prattice for accounting aJKi ret¥Jrting by charttses (applicable to chartties preparing their accounts in accordan with the FinarKial Reng Stsndard applKabie in the UK and Republic of Ireland (FRS 102)). I confim that there a rK) other matters to whlth your attent sFx)uld be drawn to enaLle a proper UnderStalIng of the accounts to be reached. Charlotte Cross FCCA Bsc IMA Andrew Cross & Co. Chartered Certrfied Accountsnts 6 Green Lane Bltsiness Pa 238 Green Lane New Eharn London SE9 3TL 17 Decemter 2024
CARERS CHOICE DGS srATEMENT OF FINANCIAL ACTIvrrIES ENDED IMA 2024 Unrestric fund 2023 Total funds Note5 INCOME AND ENDOWMEpifs FROM Donations and legactes 578 275 Charitable actlvltles Income from thartitable actNfaes- Trading Activities Expenditure on charitsble titIeS 294,500 9,010 Investment income Other incLyne 2,025 10,492 936 49,805 Total 368,788 345,516 EXPENDrnIRE ON Raising funds 7,130 230,049 Charitable activitie5 Expenditu on charitable activtknes Support Cost for charitable activitles 461,026 173,363 Finan Cost 76 Depreciation and amortisation 1,213 1,940 Other 2,114 Total 471,769 409,542 NEf INCOMEIIEXPENDITURt) (102,981) (64,026) RECONCIUATION OF FUNDS Total funds brought forward 203,698 267,724 TOTAL FUNDS CARRIED FORWARD ICQ,717 203,698 The notes fomi part of these financial statements
CARERS CHOICE DGS srATEMErir F FINANCIAL posrrI I MARCH 2024 2024 Unrestricted fund 2023 Total funds FIXED ASSErs Tangible aets 8,463 CURRE1 ASSErs Debtor5 Cash at bank io 57,445 82,258 31,717 202,CKIi 139,703 233,718 CREDITORS Amounts falling due within one year li (40,932) (38,483) CURRENT ASSErs 98,771 195,235 TOTAL ASSEfs LESS CURRENr UABZLrnES IC(1,717 203,698 t4Ef ASSErs ICX),717 203,698 FUNDS Unrestrlcted funds 12 100,717 203,698 TOTAL FUNDS ICKJ,717 203,698 The charitable company is entidoj to exemption from audit lon 477 of the Companie5 Act 2(6 for the year ended 31 March 2024. The members have not requirtsl the company to obtsin an audtt of its financsal statements for the year end&1 31 March 2024 in accordan with Sectb)n 476 of the CpanIeS Act 2006. The trustees acknowledge their resp)nsibilities for (a) ensurlng that the charitsble company keep5 accountrng records that ccthply with Sections 386 and 387 of the Companies Att 2006 and (b) pparing financial ststements whKh gNe a true and fair VEW of the stste of affairs of the charitsble company as at the er)d of each finanoal year and of it5 surplus or defficit for each financial year in accordan with the requirements of Sections 394 and 395 and which otheIse comply wlth the requirements of the Companles Act 21106 reiating to finandal statements, so far as applicable to the charttable ccKnpany. The not& fomi part of these financial ststements Page 7 continued...
RERS HOI STATEMEiif OF FINANCIAL POSMON - continued 31 MARCH 2024 These:financial statements have tEen prepared in accordan with the provisions appli(Jble to charltsble companie5 subj* to the small cC¥npan5 regime. The financlal statements were approved by the Board rf Trust and autlKJrised for Issue on 17 December 2024 and were signed on its aIr by: K E Ruby - Trustee The notes form part of these financial statents
CARERS HOICE DGS OT THE FINAN E YEAR ENDED 31 MA MENTS H 2024 ACCOUt4TING POLICtES Basis of preparing the finanaal statements The financial statements of the charitabte company, which is a publk benefft enttty under FRS 102, have been ppared in accordan with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Prath. appli(3ble to charities preparing their accounts in accordan with the Financial ReFOrting Standard applicable in the UK and Republic of Irebrid (FRS 102) (effective l January 2019),, Financial Rel$ng Standard 102 The Financial Reporting Standard applicable in the UK and Republtc of IreLr, and the Companles Act 2CMJ6. The finanaal statenEnts have been prepared under the historlcal c(6t convention. Incorne All income Is recognised in the Ststement of Financtal Acknvttses On the tharity has enfftlement to the funds, It is probab that the income will LE we1V and the amount can ke measured rdlably. Expenditure Liabilities are recr)Jnls&1 as eXtEndth as as the Is a legal or construcbve obligation committing the charty to that exkEnditure, it is probable that a transfer of nOmiC benefits will be required in setdement and the amount of the obligation can te Measu lIablY. ExFendItU Is accounted for on an accruals basis and has teen classified under headings that aggregate all cost related to the category. whe costs cannot te dircdy attritxrt&l to paClar headings they have LEen alktst&Y to acbvitss on a basis conslstert with the use of resour. Tanglble flxed assets Depreciation Is prowded at the followiry annual rates in order to write off each asset over Its estimated useful life. Plant and machinery Computer equipment IO% on cost 25% on cost Taxatlon The charity is exempt from CorKatn tsx on ils Ltsritsbk activths. Fund accountlng Unrestritted fijnds can LE in accordan with the dwri1ab objec5 at the discretion of the Restricted funds can only te for particular reStrItt purposes within the objects of the charity. Restriction5 arise when speofial by the (k)nor or when funds a raised for particular restricted purFQ5es. Further explanation of the nature and purpjse of each fund is induded in the notes to the finandal statements. Hire purchase and leaslng commltfftents Rentals paid under osErating leases are drged to the Ststement of Finanaal Activities on a straight Ilne basis over the perioj of the lease. Pension costs and other post-retirement benefits The charitable company operate5 a defined contribution pen&on scheme. Contrlbutions payable to the charitable company's FnS)n thme are chargoj to the Statement of Firondal AcbvitEs in the peri¢)J to whth they late. Wlndlng up or dissolution of the charity If upon winding up or dissolubon of the Charity the remain any assets, after the satisfaction of all debts and Ihgbilities. the assets represented ty the accumukated fund shall ts transferred to some or other charitsble or LKxlies having similar Obits of the Charlty. Page 9 continued...
ARERS CHOICE DGS TE TO ThE FINANCIAL STATEMENTS- continued R THE YEAR ENDED I MARCH 2024 DONATIONS AND LEGACIES 2024 2023 Donations 578 275 INVEsfMENT INCOME 2024 2023 Dewsit account interest 2,025 936 NET INCOMEI(EXPENDrruRE) Net incomel(eynditure) is stated after charg1{Crediti). 2024 2023 Depreciation - owned assets Hire of plant and machinery Surplus on disFOSal of fixed assets 1,213 10,961 (10,492) 1,941 9,382 (33,411) TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees. remuneration or other trEneffts for the year ended 31 March 2024 nor for the year ended 31 Marth 2023. Trustees, expenses There We no tnjstees, eXpSe5 pald for the year eTrled 31 Math 2024 for the year ended 31 March 2023. srAFF cosrs The average monthly number of empbyets durirYJ the year was as folk)ws: 2024 2023 Administration car$ 16 18 20 No empkjyees received emolurnents In excess of £60,CO). Page 10 contlnued..,
RERS CHOICE DGS ThE FINANCIAL sfATEME ED I MARCH 2 COMPARATIVES FOR THE STATEMEMf OF FINANCIAL AcnvmES . Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacie5 275 Charitable activities Income from Chartitsble activÈtses- Trading Activttte5 294,500 Investment income Other Income 936 49,805 Total 345,516 EXPENDrruRE ON Raising furKIs 230,049 rtharitable activities EX[*nditu on charttable actNibes SuptK)rt Cost for tharitable aLttvtknes 173,363 Finan Cost 76 Depreaation and amorti5ation 1,940 Other 2,114 Total 409,542 NET INCOMEI(EXPENDrnIRE} (64,026) RECONCIUATION OF FUNDS Totsl funds brought foNiard 267,724 TOTAL FUNDS CARRIED FORWARD 203,698 Page 11 continual...
THE FINANCIAL sfATEMEKfs - continued E YEAR ENDED 31 MARCH 2024 GOING CONCERN The finanaal statements have been prepared on a goiNJ coeM Ix4sis. In doing so, the Trustees have prepaid budget proiectK)ns for the foreqeeable future, considering the unrtain environment. The trustees believe the Chartty will IR in eIStee in the ftrture, at 5112 months from approwol of these financkBI statement, and will be in a )SitiOn to meei its liabilittes as they fall due for payments On thls basls, the Trust Wleve that it remains appropriate to prepare the finanaal statements on a going conrn basi5.. TANGIBLE FIXED ASSErs Plant and Motor machinery vehides Q)tnputer uipment Totals cosr At l April 2023 Additions Disposals 28,621 6,295 4,493 204 39,409 204 (32,295) (26,(KNJ) (6,295) At 31 March 2024 2,621 4,697 7,318 DEPRECIATION At l April 2023 Charge for year Eliminated on dlsF(6al 26,525 461 (26,1) 787 3,634 . 752 30,946 1,213 (26,787) (787) At 31 March 2024 5,372 NET BOOK VALUE At 31 March 2024 1,635 311 1,946 At 31 March 2023 2,096 859 8,463 10. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtor5 Prepayments 56,849 30,787 930 596 57,445 31,717 Page 12 o)nUnu&l...
OICE DGS NOTES T ANCIAL R ENDED ENrs. ARCH 2024 nued 11. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Trade creditors sxial security and other tax Accruals and deferred Irne Accrued exp*nses 3,575 6,271 28,686 2,400 2,668 33,415 40,932 38,483 12. MOVEMENT IN FUNDS movement in ndS At 31.3.24 At 1.4.23 Unrestrlrted funds General fund 203,698 (102,981) 100,717 TOTAL FUNDS 203,698 (102,981) 100,717 Net movement in funds, Induded In the ab)ve are as folk)w5: Irthmirrfj Resour Movement reurCeS expended in funds Unrestricted funds neral fijnd 368,788 (471,769) (102,981) TOTAL FUNDS 368,788 (471,769) (102,981) Comparntives for movement in funds Net movement iri funds At At 1.4.22 Unrestrlcted funds General fund 267,724 (64,026) 203,698 TOTAL FUNDS 267,724 (64,026) 203,698 Page 13 continlted...
CARERS CHOICE DGS TE TO THE FINANCIAL ATEME THEY nu 12. MOVEMENT IN FUNDS- continued Comparative net rnovnent In funds, induded in the atx)ve are as follows: Incoming rur Resour . Movement exwded in funds Unrestricted funds General fund 345,516 (409,542) 164,026) TOTAL FUNDS 345,516 (409,542) {64,026) A current year 12 months and prior year 12 months combinLJ F#)sfaon ts as folkThYs: Net. movement in funds At 31.3.24 At 1.4.22 Unrestricted funds General fijnd 267,724 (167,CQ7) IW,717 TOTAL FUNDS 267,724 (167,C()7) 100,717 A current year 12 months and prior year 12 months combined rt movement In fvnds, Included In the above are as folk)ws'. Incomlng Resour5 resources exFended Movement in funds Unrestrlcted funds General fund 714,304 {881,311} (167,007) TOTAL FUNDS 714,304 (881,311) (167,007) 13. RELATED PARTY DISCLOSURES There were rto related party transactk)ns for the year ended 31 Marth 2024. - Pwje 14 continued...
CARERS CHOICE DGS NOTES TO THE FINANCIAL ATEME S- continued 14. ULTIMATE COPffliOLLING PARTY The Chartty fs under control of its Wl memt*rs. P&Je 15
CARE DEfAILED R THE Er OF FINANCIAL AcrIvrrIES ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies t)onations 578 275 Investment Income Deposit account Inte5t 2,025 936 Charitable activities Direct Payment - ca Hours Caravan Income 355,693 290,197 4,303 •• 355,693 294,500 Other income Gain on sale of tangible fixed assets TrBvel expense Recovered 10,492 33,411 16,394 10,492 49,805 Total Incomlng resour 368,788 345,516 EXPENDrruRE Other trading activitles Gross wages and salaries Employer's Nl Pensk)ns Travel and Subslsten Dir* Expen Caravan ExnSeS 201,210 2,384 2,693 16,200 993 6,137 7,562 7,130 230,049 Other Travel - Volunteers 2,114 Support costs Management Wages Social seLNrlty Penslons HI of plant and machinery Insurance Telephone Postage and ststionery Sundries Carried forward 384,989 15,601 113,186 8,962 2,202 9,382 528 4,028 2,742 7,266 148,296 10,961 3,874 4,187 3,263 7,306 437,527 This page not forTn part of the statutDry financk?I statements Page 16
RE LED sfATEMEKf OF FINANCIAL AcrIvrrIES R THE YEAR ENDED 31 MARCH 2024 2024 2023 Management Brought forward Software licenses and expenses Rent payable and operating lea Premises repairs , renewals Property Insuran 437,527 3,596 11,361 148,296 2,940 7,831 298 1,128 452,484 160,493 Flnan Subscription Bank charges Fee paid to the examiners fim Plant machinery Motor vehicles C47mputer equikynent 406 1,801 185 76 1,800 171 787 461 752 5,820 4,001 Governance costs Consultancy expenses Management expenses 5,167 1,168 5,958 6,927 6,335 12,885 Total resour expended 471,769 409,542 Net expenditure (102,981) (64,026) Thts page not fomi part of the 5t3tutory finan(ial statements Page 17