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2022-03-31-accounts

Charity Registration No. 1151399

Company Registration No. 08277351 (England and Wales)

CHESHIRE YOUNG CARERS LTD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

CHESHIRE YOUNG CARERS LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees M Howlett G M Appleton K Cowell R Mee D M Taylor S N Dool T O'Keefe (Appointed 6 April 2021) Secretary C J Humphrey Charity number 1151399 Company number 08277351 Principal address Northern Lights Business Park Rossfield Road Ellesmere Port Cheshire CH653AW Registered office Northern Lights Business Park Rossfield Road Ellesmere Port Cheshire CH653AW Independent examiner Fran Johnson BSc FCA WR Partners Drake House Gadbrook Park Northwich Cheshire CW9 7RA

CHESHIRE YOUNG CARERS LTD

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of fnancial activities 4 - 5
Balance sheet 6 - 7
Notes to the fnancial statements 8 - 20

CHESHIRE YOUNG CARERS LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their report and financial statements for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum & articles of association, the Companies Act 2006 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 (FRS 102) (effective 1 January 2019)".

Objectives and activities

The company's objects and principal activities are for the benefit of the public generally, both in the United Kingdom and overseas.

Public benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on the public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year.

Achievements and performance

The total incoming resources for the charity during the year were £298,091 (2021: £507,801).

The charity continues to offer support to young carers in Cheshire and North Wales with a range of activities, particularly focused around school holiday periods. The initiative to support young carers in schools is now firmly established in a number of schools in Cheshire with a small, but increasing number now running “in school respite groups for young carers”. These are supported by our education and activity teams. The work with schools is focused on improving long term educational outcomes for young carers.

The Charity achievements during the year are as follows:

Key performance indicators:

April 2021 to March 2022

Delivery Hours 16,369 Volunteer Hours 192

Delivery hours are significantly more than previous year due to the number of online sessions we introduced as part of our COVID response.

CHESHIRE YOUNG CARERS LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Financial review

There were net outgoing resources for the year of £123,146 (2021: incoming £91,215), with retained funds of £126,881 (2021: £250,027) at the year end.

Reserves

The trustees consider that the most appropriate level of free reserves is to maintain 3 months running costs based on the current year's budget. The reserves held at the balance sheet date are currently at the appropriate level. The Trustees will continue to review the financial position going forward.

Risk assessment

The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The organisation is a charitable company limited by guarantee (Company no 08277351), incorporated on 1st November 2012 and registered as a charity (Registration no 1151399) on 26th March 2013. The Company was established under a Memorandum of Association which established the objectives and powers of the charitable company and is governed under it's Articles of Association.

The day to day running of the charity is managed by trustees.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

M Howlett

G M Appleton K Cowell R Mee D M Taylor S N Dool T O'Keefe (Appointed 6 April 2021)

The directors of the company are also charity trustees for the purposes of charity law. Trustees are appointed by a resolution of the trustees passed at the board meeting. The minimum number of trustees is 3.

The trustees' report was approved by the Board of Trustees.

M Howlett

Trustee Dated: 14 December 2022

CHESHIRE YOUNG CARERS LTD

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHESHIRE YOUNG CARERS LTD

I report to the trustees on my examination of the financial statements of Cheshire Young Carers Ltd (the charity) for the year ended 31 March 2022.

Responsibilities and basis of report

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

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’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 , 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:

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 financial statements to be reached.

Fran Johnson Bsc FCA WR Partners Drake House Gadbrook Park Northwich Cheshire CW9 7RA

Dated: .........................

CHESHIRE YOUNG CARERS LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Current fnancial year
Unrestricted
Restricted
Total
funds
funds
2022
2022
2022
Notes
£
£
£
Income from:
Donations and legacies
3
56,798
-
56,798
Charitable activities
4
82,017
159,228
241,245
Investments
5
48
-
48
Total income
138,863
159,228
298,091
Expenditure on:
Charitable activities
6
281,056
140,181
421,237
Net (expenditure)/income for the year/
Net movement in funds
(142,193)
19,047
(123,146)
Fund balances at 1 April 2021
218,237
31,790
250,027
Fund balances at 31 March 2022
76,044
50,837
126,881		 Total
2021
£
47,435
460,060
306
507,801
416,586
91,215
158,812
250,027

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

CHESHIRE YOUNG CARERS LTD

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Prior fnancial year
Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income from:
Donations and legacies
3
47,435
-
Charitable activities
4
136,104
323,956
Investments
5
306
-
Total income
183,845
323,956
Expenditure on:
Charitable activities
6
110,401
306,185
Net (expenditure)/income for the year/
Net movement in funds
73,444
17,771
Fund balances at 1 April 2020
144,793
14,019
Fund balances at 31 March 2021
218,237
31,790		 Total
2021
£
47,435
460,060
306
507,801
416,586
91,215
158,812
250,027

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

CHESHIRE YOUNG CARERS LTD

BALANCE SHEET

AS AT 31 MARCH 2022

Notes
Fixed assets
Intangible assets
10
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
14
Unrestricted funds		 2022
£
12,173
136,220
148,393
(27,212)		 £
3,700
2,000
5,700
121,181
126,881
50,837
76,044
126,881		 2021
£
786
264,408
265,194
(25,880)		 £
6,925
3,788
10,713
239,314
250,027
31,790
218,237
250,027

CHESHIRE YOUNG CARERS LTD

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2022

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 14 December 2022

M Howlett

Trustee

Company Registration No. 08277351

CHESHIRE YOUNG CARERS LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

Cheshire Young Carers Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Northern Lights Business Park, Rossfield Road, Ellesmere Port, Cheshire, CH653AW.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006 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 (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

CHESHIRE YOUNG CARERS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

CHESHIRE YOUNG CARERS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirement of the charity and include accounts and independent examination fees and costs linked to the strategic management of the charity.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software 25% on cost

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 10% on cost Computers 25% - 33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

CHESHIRE YOUNG CARERS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

CHESHIRE YOUNG CARERS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Donations and gifts 56,798 47,435

CHESHIRE YOUNG CARERS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

4 Charitable activities

Charitable Charitable
activities activities
2022 2021
£ £
Performance related grants 241,245 460,060
Analysis by fund
Unrestricted funds 82,017 136,104
Restricted funds 159,228 323,956
241,245 460,060
Investments
Unrestricted Unrestricted
funds funds
2022 2021
£ £
Interest receivable 48 306

5 Investments

CHESHIRE YOUNG CARERS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

6 Charitable activities

Charitable
activities
Charitable
activities
2022
2021
£
£
Staf costs
289,651
290,379
Depreciation and impairment
5,014
5,871
Insurance
2,073
2,002
Light & heat
1,140
2,656
Telephone
12,680
12,898
Postage and stationery
7,891
7,308
Magazine and PR costs
7,070
7,683
Delivery costs
173
3,069
Ofce rental and property costs
14,818
12,632
Staf travel
7,104
1,135
Delivery transport costs
162
341
Staf training
689
314
School holiday programmes
62,937
40,248
Education team support costs
656
2,000
Video projects
-
4,196
Collaboration costs
-
551
Establishment costs
-
4,037
412,058
397,320
Share of support costs (see note 7)
7,619
17,766
Share of governance costs (see note 7)
1,560
1,500
421,237
416,586
Analysis by fund
Unrestricted funds
281,056
110,401
Restricted funds
140,181
306,185
421,237
416,586		 Charitable
activities
Charitable
activities
2022
2021
£
£
Staf costs
289,651
290,379
Depreciation and impairment
5,014
5,871
Insurance
2,073
2,002
Light & heat
1,140
2,656
Telephone
12,680
12,898
Postage and stationery
7,891
7,308
Magazine and PR costs
7,070
7,683
Delivery costs
173
3,069
Ofce rental and property costs
14,818
12,632
Staf travel
7,104
1,135
Delivery transport costs
162
341
Staf training
689
314
School holiday programmes
62,937
40,248
Education team support costs
656
2,000
Video projects
-
4,196
Collaboration costs
-
551
Establishment costs
-
4,037
412,058
397,320
Share of support costs (see note 7)
7,619
17,766
Share of governance costs (see note 7)
1,560
1,500
421,237
416,586
Analysis by fund
Unrestricted funds
281,056
110,401
Restricted funds
140,181
306,185
421,237
416,586		 Charitable
activities
Charitable
activities
2022
2021
£
£
Staf costs
289,651
290,379
Depreciation and impairment
5,014
5,871
Insurance
2,073
2,002
Light & heat
1,140
2,656
Telephone
12,680
12,898
Postage and stationery
7,891
7,308
Magazine and PR costs
7,070
7,683
Delivery costs
173
3,069
Ofce rental and property costs
14,818
12,632
Staf travel
7,104
1,135
Delivery transport costs
162
341
Staf training
689
314
School holiday programmes
62,937
40,248
Education team support costs
656
2,000
Video projects
-
4,196
Collaboration costs
-
551
Establishment costs
-
4,037
412,058
397,320
Share of support costs (see note 7)
7,619
17,766
Share of governance costs (see note 7)
1,560
1,500
421,237
416,586
Analysis by fund
Unrestricted funds
281,056
110,401
Restricted funds
140,181
306,185
421,237
416,586
2022
£
289,651
5,014
2,073
1,140
12,680
7,891
7,070
173
14,818
7,104
162
689
62,937
656
-
-
-
412,058
7,619
1,560
421,237
281,056
140,181
421,237		 2021
£
290,379
5,871
2,002
2,656
12,898
7,308
7,683
3,069
12,632
1,135
341
314
40,248
2,000
4,196
551
4,037
397,320
17,766
1,500
416,586
110,401
306,185
416,586

CHESHIRE YOUNG CARERS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

7 Support costs

Support
costs
Governance
costs
£
£
Hospitality
48
-
Accountancy and
professional fees
7,571
-
Management fee
-
-
Independent
examination fees
-
1,560
7,619
1,560
Analysed between
Charitable activities
7,619
1,560		 2022
Support
costs
Governance
costs
£
£
£
48
138
-
7,571
6,227
-
-
11,401
-
1,560
-
1,500
9,179
17,766
1,500
9,179
17,766
1,500		 2021
£
138
6,227
11,401
1,500
19,266
19,266

8 Trustees

With the exception of the point noted in the related party note 16, none of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

The average monthly number of employees during the year was: 12

2022 2021
Number Number
Support staf 1 1
Direct charitable activities 11 11
Total 12 12

CHESHIRE YOUNG CARERS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

9
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was £60,000 or more.
10
Intangible fxed assets
Cost
At 1 April 2021 and 31 March 2022
Amortisation and impairment
At 1 April 2021
Amortisation charged for the year
At 31 March 2022
Carrying amount
At 31 March 2022
At 31 March 2021		 (Continued)
2022
2021
£
£
260,886
259,993
21,470
22,627
7,295
7,759
289,651
290,379
Software
£
12,900
5,975
3,225
9,200
3,700
6,925		 (Continued)
2022
2021
£
£
260,886
259,993
21,470
22,627
7,295
7,759
289,651
290,379
Software
£
12,900
5,975
3,225
9,200
3,700
6,925
290,379
Software
£
12,900
5,975
3,225
9,200
3,700
6,925

CHESHIRE YOUNG CARERS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

11
Tangible fxed assets
Fixtures and
fttings
Computers
£
£
Cost
At 1 April 2021
2,470
18,741
At 31 March 2022
2,470
18,741
Depreciation and impairment
At 1 April 2021
1,546
15,877
Depreciation charged in the year
252
1,536
At 31 March 2022
1,798
17,413
Carrying amount
At 31 March 2022
672
1,328
At 31 March 2021
924
2,864
12
Debtors
2022
Amounts falling due within one year:
£
Prepayments and accrued income
12,173		 11
Tangible fxed assets
Fixtures and
fttings
Computers
£
£
Cost
At 1 April 2021
2,470
18,741
At 31 March 2022
2,470
18,741
Depreciation and impairment
At 1 April 2021
1,546
15,877
Depreciation charged in the year
252
1,536
At 31 March 2022
1,798
17,413
Carrying amount
At 31 March 2022
672
1,328
At 31 March 2021
924
2,864
12
Debtors
2022
Amounts falling due within one year:
£
Prepayments and accrued income
12,173		 11
Tangible fxed assets
Fixtures and
fttings
Computers
£
£
Cost
At 1 April 2021
2,470
18,741
At 31 March 2022
2,470
18,741
Depreciation and impairment
At 1 April 2021
1,546
15,877
Depreciation charged in the year
252
1,536
At 31 March 2022
1,798
17,413
Carrying amount
At 31 March 2022
672
1,328
At 31 March 2021
924
2,864
12
Debtors
2022
Amounts falling due within one year:
£
Prepayments and accrued income
12,173		 Total
£
21,211
21,211
17,423
1,788
19,211
2,000
3,788
2022
£
12,173		 2021
£
786

CHESHIRE YOUNG CARERS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

13 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Accruals and deferred income		 2022
£
4,165
5,220
17,827
27,212		 2021
£
5,036
4,199
16,645
25,880

Deferred Income

The following amounts of deferred income are included within creditors due within less than one year:Westminster Foundation £10,000.

Deferred income brought forward at 1 April 2021 was £10,000 all of which was released to income. A further £15,000 was received during the year, £5,000 of which has been released to income.

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 April 2020 resources expended 1 April 2021 resources expended
31		 March 2022
£ £ £ £ £ £ £
Westminster
Foundation - 15,000 15,000 - 15,000 (15,000) -
CCF - 28,000 14,000 14,000 - (14,000) -
Crewe Town
Council 852 - - 852 - - 852
M&S Bank 3,030 3,030 - 6,060 - (3,030) 3,030
Sport
England - 3,291 - 3,291 - (3,291) -
Knutsford
Lions - 600 - 600 - (600) -
CRH
Charitable
Trust - 25,000 (25,000) - 10,000 - 10,000
Edsential - - - - 49,424 (49,424) -
N-Compass - - - - 7,700 (7,700) -
Cheshire
East - - - - 31,837 (21,837) 10,000

CHESHIRE YOUNG CARERS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

14
Restricted funds
CCF Assura
Grant
Winsford
Town Council
Steve
Morgan
Foundation
Masonic
Charitable
D Nesbit
North Wales
Restricted
Funds
Other		 -
-
-
-
-
-
10,137
14,019		 -
-
29,218
-
-
-
219,817
323,956		 -
-
29,218
-
-
-
222,967
256,185		 -
-
-
-
-
-
6,987
31,790		 (Continued)
5,000
(2,370)
2,630
4,000
(1,333)
2,667
14,609
(14,609)
-
15,000
-
15,000
5,000
-
5,000
758
-
758
900
(6,987)
900
159,228
(140,181)
50,837		 (Continued)
5,000
(2,370)
2,630
4,000
(1,333)
2,667
14,609
(14,609)
-
15,000
-
15,000
5,000
-
5,000
758
-
758
900
(6,987)
900
159,228
(140,181)
50,837
50,837

Material restricted funds

Edsential (School Holiday Programme)

National Lottery – Awards for All (School Holiday Programme))

Westminster Foundation (Education Programme)

CCF (Wellness Programme)

Cheshire East (Activities & Respite Activities)

Steve Morgan (Respite Activities)

Masonic Cheshire (Core Costs & Salaries)

CHESHIRE YOUNG CARERS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

15
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2022
2022
£
£
Fund balances at 31
March 2022 are
represented by:
Intangible fxed assets
3,700
-
Tangible assets
2,000
-
Current assets/
(liabilities)
70,344
50,837
76,044
50,837		 Total Unrestricted
funds
Restricted
funds
2022
2021
2021
£
£
£
3,700
6,925
-
2,000
3,788
-
121,181
207,524
31,790
126,881
218,237
31,790		 Total
2021
£
6,925
3,788
239,314
250,027

16 Related party transactions

A close family member of the Chair of the Trustees is employed by the charity. The salary of the employee is set at market rate for this role and the Chair is not involved in setting the level of pay for this member of staff.

There were no other disclosable related party transactions during the year (2021 - none).