REGISTERED COMPANY NUMBER: 09317097 (England and Wale51 REGISTERED CHARITY NUMBER- 1159934 Reportof the Tnstees arKI Financial Statsmonts for the Year Ended 31 March 2024 NEWCiS Constslidated IA Company Limited by Guarnnteel Sattsbury& Company BLsirbpss Sduti(ms Lirr¥ted Statutory Auditors rtered enIan1$ Irish Square UppÈr Denbigh Road Denb+yhshire LL17 ORN
NEWCIS Consolidated C¢)ntents of the Flnanclal Statements for the yearended 31 11ah 2024 Page Repart of the Trustee8 1 to 5 RepLYt ofthe Independent Auditor5 6 to 8 Stat¢rnent of Financial Activrties Balance Sheet 10 Cash Flow Ststement Not8s to th• Cash Flow Statèrné Notes to the Financlal Statements 13 to 23 Detalled Stslemenl of FInal31 ActNtiJes 24 to 25
NEWCIS Consolidated Report ofthe Twstees forthe year ended 31 Mah 2024 The twstett are aLw dIrecS of Ihe cPwity for the pthw)se5 ofthe Ccfflpanie5 kt 2006. present thÈir report the financial s181ements of the chanly for the year ended 31 March2024. The truslees have adopted the proirisions of AccouniirvJ and Rewrbng by Ch8ri1ies'. stsiemeni of RecA)mMeec% Pra(ce applicable lo ch2riiies preparirvJ IheiT aGwunts Èecorfart wth the Finanual Reporlir siandard apPab in the UK Rewbk of Ireland IFRS 1021 leffective 1 January 20191. 08JECnVES AtrID ACTIVITIES Objectives and aim5 The objeds of the Cknarity are speCIal rèsiricied to Ihe f1.. To preserve 2nd Promote the health of th(Ee PTowding care lor olher5 by offeriry infornation, training. repSente( and opportunityto prowde hest sM)sSIb qUty of tare vthiL%t Matain1j a fuifilliw life themselves. The prowsion of swvices such 8s Infurnalion, ad¢ and supprffl. tr2ining, counlIng. orrxjp activtbes. re&prte. grants artd one to one 5UPPOrt from Juty 2020 incJded 5rung carer supwt in FnIShIre. The semces are the vehides Us] lo support the tnain PUTtX>se ofthe Glwtty. erwring Ihat the pubfic (care} ber£fit ith the person Ihey pre G8f8 for. In this financial per all the at#)ve actiw1S have been defivered to tarets and voluntÈÈts artd rÈfÈrra& to conb.nue to increase month by month. NEWCIS Board of Drectors, agreed strdtegicaims are to.. Increase deVery of Serv to unpaid farn1 carers arxoss East W818sand otherar8as sn Soulh Wales. Sthve lo ensure equalty of servrce5 in N.E.Wales. Reduce de[nde. on statutory funding. Increase tnanagementcapatity 10 enable deveknptnentof s(xid enterwi5e optx¥bJneS. Increase eapaoty t¢ support VUnteerS the oryanisaiTon. Increase revenue via strategMarke1mg with crmmercial enbbe& Tha criieria for moThtOrig success h8s been to rewrt Cffj Ihe Strateg airns in tK>ard meetings and sub4x)mmittees during the perKé. NEWCIS rnanaged lo maintain all ¢traCt$ hekj in 2023 to 2024 was delighted to hear that the work submit for applications. lender5 and reviews in Ihe ter mnth5 of 2Q23 WEre all successful, so that the 20.000 c8rers who ublisa the semce we proiode wll not have seen any diyUpb. lo the supwrt we offer. New senritrs that were developed this year inGludtd delp#ering wr aw8rd-wnning BndyirYJ the Gap seie to fve I(1 aulhotity areas in South Wa. (Newport. MonMoulhslu, Torfean. Bkenau Gwent and Caerphilyl. seNc has supported over 500 carers in these areas and Ihe partnership working yrith the kjcal 8ylhorities h8S twi very swcessful. This ye3T h35 agan seen Gontinve(I pressure on fundiry 5trearns to do more for less with kKal g)vernrrwl fiJnding. Through oood financial management ar the Supp1 of our )81 erttwpiise * havè ecthrvJed to ddNÈr 0( Val to these funders and maintained goLKJ standards ofservice defwery. The National Loiiery Community Fund grani thai pr0yrt a new prqttt fi)r us Augusl 2023 provxjes th¢ Servi with additional c8paaty 8Th1 provides adyed Wal. Last year in the h1 months Ihai the project was delNered the team vK)rked rylh 530 families wthin the I1 cnmunity areas. dev&k)tts arKS tSseS are rewrted to aTd Tnernbers and rrnitoreo in line with NEWCIS Busne55 rnain ams ollecth. Pege 1
NEWCIS Consolidat8 Report the Trustee5 forthe year ènded 31 March 2024 08JECTIVES AND AcTIVlEs Slgnlficant act5vltles The activities Ihal have be Undertak in Tetation to have been lo prle unpaid family Garers and volunte3 across Flinlshire. Denbighshire and WTexham. 5.576 new refeTrais were tsk in Ihis period an irwease of . The charity Ix)nducts What Mattets tAJnversaiK)ns and assessrnents 2231 Vre he in this per vthich evidences the support they ish to receive wtlh their cariru rde5 ryowdes them VAlh a voi(% b(>th as an didual in relation to their own arcumstance5 ata strategic partyw in stalutcry aThJ thnt8ry orgaftBations across North Wales. Keep in touch ClS have atso been maintsin8d by wr voknteers vobJnteets for over 200 carèrs who are Isolart and look foVard to a wéekty (all from IhÈ semts 15 fillated our bttery project This yearwe aL%o rnalched carers from differenl areas ourp2n pal proieLt and 18 er5 ¥cOrnvn1rthe th ¢xre¢s in Australia and a further 15 c8rers rilh carets in Glasgow and Dumfries. The fvesh food dÈlivÈry servits for carers vtho are in ttisi% { have had a loved one dEcJ13rged from hwilal has aLso been maintained via our partnership CVL manage seNits. AddtbonaS grants wer2 retved to supwrt needs throughoui the whieh induded rr surwL eGtn¢al KlS to supwx7 fud Sts, Chttsttnas parcels and food Vouchets for carers who were fnanoalty stDJgglry ès a regjlt of the o)sl of Imrg crtsts. Communication for our &tiwties via our $AdI medB ptf[nS and website were dso utilised rnore than wer as a way of keepirg carers infomied 8nd in touch. ser nknnued to provsde Opwffuryty and chcKc8s to taters and vdutheets whilsi stiii mairTrtaining the bital c2re Èrtd support to their loved onè The patherships and that NEWCIS facililate. irhyease the ntsmber of carers regIsred and the success with new funders all )bUte to intr awarÉness of r]J5 4ThJ issues that carer5 face daity. AJI acbwties the charity undertaok in the pwod have rntrted to kne finanual writy of the rity and the abih.ty to defver new SerS whith yjpwrt the purpc>se of the charpty. A very significant deve1cent for the charity finawd year was the move to purch8se a building In that beo)me the Charities rnakry oifices. The purchase did not get finalised in thk% finarbGk41 year t Ihe wotk lo ensure that the Sa eady Into 2024 12025 Wd5 achieved. The buikjing will proviLle us with many opporbJnilies fortho chanty8nd forj1 3a[8Thrrth. PLrbllc benefft The trustees have paid due regard to by the CX9rity Commr&s#in in d8cidir¥J that acts&8$ the chaiitsble ¥Jmpany 6hwld undet%ake. Servicès have been prowd•Y in ths financ#al period that have supp)rted carers to mwntwn improve thr w1bng to able them to sustwn their rarir¥ rde and the ofthe p¥son ihey Care for. STRATEGIC REPORT Achievement perfomiance Charftable actlvlties NEWCIS has supported 20,000 farnity tsrer5 in I finarKial peri¢xf wlh inforrnatian. advi and support. The inform¥lion and one to one SUPPDrt enab5 le$ lo make thow emFMMErs thwn and gNes thwn a voice in arenas Whe carers ews &8n often be o¥edooked. Thks supp)rt abrysvje pra¢Xical Sem prowdéd ty the tharity prÈvÈnts r2rer crisi% ItuatyS ocJyJrriru ere Ihe care prowW by the family ¢4rwcoJld kdOWn. The tharity conbnue5 to entfy KId carers Wtty. oblVe$ lo lje rnat by of, bmely, well Putl¢lSed and accessib infiKrnation for catBr5. Serces Troting the hedth, welltsng and soual IndOn of careTr are promoted qU8rterty wa a newsletter and our rwwebsite as welt as of Facet¥) and Twitter have incwsed the awareness of NEWCIS in the cornmunity. The Charity CDntinues promoting 2nd inrxe8sng alrersS 01 tzw i5sue5 c(xnmunTbe5 and wfftin apprwriate st81utory, voluntary and prile sector environments. Suffyient resour are in a¢e due to Ihe success D.. gaining and maintainin9 grant and ¢(¥itra¢lu81 fvndin9 Strea0 lo a1 slan ¥Jenltfied seFvKes for ¢xrers and volunteers 5u( as a bespoke Lraining kyogramme. cwrxlling, and supwrt aciiirities to redu isoL8bon vthin the tsring role. Financial review FinanGial postthon During the year the tharity had total IrK*JmirwJ resIrS of Q104.371 rf wlith £110.$43 iyds generdled from the social enterpnse Carer Venture Ltd.ICVLI. I20". £1.711264 of £113,1cK) was 9¥rated from CVLI and ltstal resourr expended of £2,121.16412023-. £1,670,759) resulted in a net105s in funds of£16.79312023 lo1.1. Page 2
NEWCIS Consolidated Report irfthe Trustees fortbo ye¥r ended 31 March 2024 STRATEGIC REPORT Financial roview Reserves ptslicy rhe trustees havÈ wewed and apied a poly Teser¥e4 ha%9ng due cAwt&deralion to the operational profile of the charity the tthrd feÈl that it approw2te to ho a reserve thal albw the tharity lo discharge its Ikqbilities and dose Its operation in en ordety fashK)n shouhj il be un88 to (xjntinue ts ath5bes. The trustee5 feel Ihat in practical term5 this would represent hokying a reserve equivalent kn 3 monihs, opÈrabonal ÈxpèndthrÈ plus the Tndan1 costs of all staff rnÈmbets. This rUre has been cathlated to be £2Wk. basi% that untE5tticted resetves are above this figure the directors feel th8t il k% apwopriate that the (prity sh(MthJ. ¢w a per of 1 to 2 years. increase expenditure in b.ne Trmlh tts charitable objectives until 8 resepit KWbon is rnet Princtpal risks and uncertainties The trustees have assessd the major risks to th the th8rit8tle ¢J)mparyts extKtsed and arè sabsfted thatsysterrts art in place to mitigate exposu to the majorrisks. Financial and risk management objecttves artd pol1$ The tharity ts In a competsbve markel for seMS to Car$ acr0$5 NoTlh Wales and the len6ering proc£sses that are now required be 3 challenge wrdin9 capaity and time fty 8 small rnan4ernenl learn. Austerity measvres Mrilhin the local aJth¢rtbes are sliN hawng effects on budgets and thatyJes in slaiuiory struthjres have had effect rm Ihe charity on the run up to the new fin3naal year. Restred and UnSttted testhies have been caloJLqted in arXrd8r with stsiutory gilldce. Ix)wew many of Ihe unresirictÈd reser4es are rnanaged and ring fenced undw each yoject fund. Futsjw plans The ft>lbKryng 12 month5. and for Ihe fore5eeal)le futu the opeT8tiw ermrrnen15 cwtsnue to be (IrffiAt all sources of thn9 tsrr rxessurt to ¢Jo rre less reswrc. Carers have fÈd 3ddthnal pressures since covJ 19 8nd the Cost of INing crisis and the (arity has developed newseTvKes kn suprX with and enKlirtaI issue5. The focus for the wganis21itin as set by the toard will be to ojrthnue owate the higlW levels Of transparency 8Th charty g0veMan whiLst Impromng the ofsvKts to uDpawJ Ters$ North East Wa3 Strivino lo prowde equaf5ty of sep8 acTOSS the operdti(Jnal area Reducing dependency on si8tLttory funding. ITudIng- Devdopment of progranw fc¢ both TrIdual and cotptfdte onors- Oevek)pment of SCO enterprise- ayMI Sn9 additiLThI bmdirg such as the N8nl Lottery Comrnunity Funded projects Devebpillg systems and managèrnenl capaLyty l¢bA9.._ W stiategic inv8stmts in and wstems to rwjucé thè admin burd&n and improve ft$ on servitz delNery Additional fundinglcontr forWrÈxharn STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming documertt The tharity Is contrdled by ts govemirvJ d(urrenL a dJ dtnJs¢ aThJ cnSti a lumitl wmpBry. knited byguarantee. as defined by the mpereS Act 2N. The tharity ks contrcled ty its g¢JvemiNJ dment a of trusL and Ctitial a rm1 wrnparry. by guarantee. as defined by the Companks Act 20Cfj. The company was esl8blished under a M&noraThlum of Ass{vatn. estsL$h the obigys and pows af the chaTit3blÈ tmpanY Ènd 15 govemed underthe Arbdes of A$Sallon. Charity constitution The Iruslees meet quart8rty and are pOrIble for the rn8nawneni ar strategic lÈadÈr5hip of the thBrity and ensuring that the cherity dew)ies all of rts re[LeS and assets IIAWdrUs rreeting its objectives. None of the trustee5 has any tse81 InreSt in the C4YnPaty. All of the truste8s are memb8rs of Ihe eompany and guaranteed to ttjntribute £1 in Ihe eventof a %wnLfiry up. Page 3
NEWCIS Consojidated Report ofthe Trustees forfhe year ended 31 March 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Rrui*Mnt and appoinlment of new trustees Prospectrle trustees are inwted lo attend an infwrnation day ext51Tng tnJstees and n8nagers within the availaNe for them to ?sk any questiws and lo un(fersland the wms of the charity. If the prospective Juslee wthes la offer their se to the tharity a vote be taken attrE nexilTUStee rreetirvJ to apwmnl them. D8¢S$lon maklng I deCAon5 on wJlKy atKJ Strategy tnade by Ihe t)f trustees by vote. Day to day resPo51lity for the management of the cbanty is ¢degated to the chEf eXtive officer. cl91 SulNan. Ojewhl of Finance and Human Resource issues ddegated to sub committees rnade up of tsuslees acting thin Ihe pob'cyset by the ftill board. Indltction and tralning of rwi trustees The charity has a lu11 sel of wliaes and Fwcedures lor the induction of volunteers all tDJstees are subject lo thi5 induction. On top of this Iruslees sign a nfidentialty and condyd prfKy Sfical coveriw the duties of the IrLEtees. The company offers all Irusiee5 origyry. Independent Irainw in order for thern lo maintsin apwopriate knowiedge of Iheir role and responsibility a5 trustees under Company Land Charity Comrni4sion guidetine5. Key management remuneration I Iru5tses unpatd for remunerdtion expenses iwjrred direaty on Ihe cljaritys tJ$In. Al salaries or fees lor all pwsonD81 are pr¢po8ed by an independen., Hurnan Rer committee made up of trn'stees and approved by the board. REFERENCE AND ADMINISTRATIVE DETAILS Registered CoTnpary numb8r 09217097 (England and Wa} Reglst8red Chatty number 1159934 Register811 office 28-44 New Street Mol Flintshire CH7 1NZ Trustees Mrs G Harris Wice Chair Mr C Holstein Mr R G Ltrws Company Direclor Mrs E Lilllehales latOr Mrs E J Taybr Chair s S Donoghue Swal Enterws M5 L Hawtin Chair CVL Mr P Heard Busn85s Consullanl Mr G P Jdley AccoJntsnVCompany Llire( Ms M P Carneron M5 L C Hunter Ms C Sultivan CEO Ms A L Brwke5 TearJ)pr Company SeGretary s E Jones Audltors Salisbury & Compary BusiTESS Salub5 mited Statutory Auditor5 Chartered AGcaunt2nts lrf$h Square Upper Dentsh Road Sl Asaph Denbighshire LL17 QRN Page 4
NEWCIS Consofidatsd Report oftheTrustees for the yearended 31 March 2024 STATEMENT OF TRUSTEES. RESPONSIBILMES The trustees (who arÈ akn the dire(J£Jrs of NEWCIS Group f the purrx)ses of conpany lawl are reswnsDI le for preparing the Report of the Trustees and tt)e fin8nual Statnts in accixdance wilh applica law arKY United Trfjng1om Attounting Slandards (United Kirodom Generalty P£ewed A¢xx)unting Pradul. Company require5 the trustees lo wep8re finanoal staiemen& for eath ffnan(ial year vthth give a true and fair view of the staiÈ of affaits of thÈ Chantab cornpary of the Incoming resour and applcation of [esoUrS. including Ihe income and expenditure. of the tharitabk crmpany fc¢ that In Fwarin9 t1 fitsanc4 st2tements. thÈ trEtees are required to select suitable accounliryj pol4&8 arK1 then appty Ihern KSten.. observe the metws and princ4pks in the Charity SORP," make judgements and estimates that are reasLYhabk aThJ pen[ ststÈ whether appli(zbk aUnng stsndards have foUol. subiett to ary materi¥l depare5 disclosed and explained In thÈ finati statements: prepare ttTre financEI statents going c(rern basis vns8 rt ts n)approprfatÈ to prene that the charilabk Company wll C{linue in bu&ness. The tnjstees are reskVtsib keeping prr xInting re(x)rds th dixW)se wlh rea80nae afxajracy at 8ny timè tr fin8naal position of the tharitable compary and tts enab Ihem to ensure that Ihe finantri $tsleNnts compty with The Companies Act 2006. They a 2L%o responsTW forsafeguardiry the assets of the charitable company and hence for taking reasonable steps forlhe prevention and decbon of fraud and 0lhetirregularitE& In so faras the trustees are aware. there is no relevant audit information of %itch Ihe f8ril8b compar$ d{sTs are 3W0.. and the intslees have taktn all steps that they ought lo Fwve taken to make awgre of Hny relevant audit infoTmatk)n and to establth thatthe altOrS are awareof thal information. AUDITORS ThÈ auditors, Salisbury & Cornpany BLEiness Scdubons tiftwted. ¥%41 be F¥oposed for re-apwnlrnenl at the f¢Jrthcoming Annual General Meeting. Report of tbe trustee8. ir0rpCati a Straw rwL by cffjder of the t*Jard of trustees. as tpanY directors. . and signett on the boarf's bth]fby. MrR Lews-Truslee Page 5
R8port of the Independent Auditors to the Mèmbers of
NEWCIS Consolidated
tjpinion
We havè audited the finarrfaal statements of KIEWCIS Gp Ithe'tharitable mpan) for the year ended 31 Marth 2024
which comprise the Slatemenl of FinarNial Actswbes. the Baknce SheeL the Cash Flow Slalemenl and notes ta the finantial
statements. including a wmm8ry of signrfK3nt accounting wliaes. Th2 financial reporting frarnework Ihal has b2en applied
in their prep8ration app5Kble law and United r0M A
Report ofthe IndeFndent Auditors to the Membets of NEWCIS Consolidated Responsibilities of trustees expL4ined more Jully in the Staiemeni of TntsteÈs' ReSnt1es. IhÈ trustees lth) are aLso the diredots of the charitsbk company for the pJrpts8es ol ctsnpany18wI are responSie for the pteparaion of the financ481 statements and for being salBfied Ihal they give a true and fair VEW. and for gJch inlemal o)nlrc4 as the truslees deterniine is neSSary to enable the preparation of fina81 stalernents Ihat arefree from material mtateMen{ ether due tc fraL1 orerror. In preparing the finanual slalernents. the trwtees are resp)n&ble for a&sessiryJ the charilable company's ability to continue as a going conrn. disdosing. as applicab. matters rdaled lo going concern and using the going cern basis of accounling unkns the lyee5 either inten¢J to bquidate the tharitat4e cwpany u to C8 ¢perat or have no resIC allerrt81ive but to do so. Our r6sponsTbllfjtles forthe audit of the firsanclal statements Our objectives are lo oblain reasonatle assuTance abwt th8 finan81 slalements as a sthle are free frorn rnalerial misslalemenL whether due lo fraud OT error. arKI ta ue a ReprKt of Ihe Independent Audit(X5 that indudes our opinion. Rea50nable assuffjnce is a high tsf assurart<, Exrt i% rK)t 2 gUarane that an audit conduded th %ctsrdance Mth ISAS IUKI will always del8d a material misstatemeni when it exi%ts. Mis$tementS tsn arise from fraud or error and are considered materr81 rf. indmdually or in the aggregate. Ihey 0)U rea%atty te exp&Xed lo iThflUen Ihe e(x)nom decIsnS of users taken on the bas of Ihese slatements. The extent to whh our wLKeduTe5 are GapalAB of ¢jete#r irregthtitie5. frèud i% delaibl below. Irwularilies. induding fraud. are uknce5 of non-C(XnpFan with and regulati(1s. We design [U[eS in line our reswn5ibilitie5. Outlined above. to det&t rnaierial Tnisskinents in respert of irregokibes. induding fraud. 0knng to the inherent limitatn$ of an audit, there is an un8vab risk Ihal m81erial nYsst8temenl in the fin8nc481 staternents may mt detected, even though alt is rmperty pLqnn&Y in accordance ISA (UK We obtsined an under5tsnding of the Ial walOry TramewoT1ts awfxxbk to the company and the industy in tthich rt operaS through our general eommerual and sectar experierv and dLSCUSSions 1h managemenL We deterrnln that the followng laws and regulations were rnost signfficant.. The Cornpanies 2006. FRS 102 the'Finana81 Repotting Standards applicabl? in Ihe UK and RebI of Irelan¢. rtthnt UK tsx legislati1. In addth). we eondudèd thai Ihere are tertain laws and regulations that rnay have an effect Ihe detenInatiOn of thp aKnts arvj $¢b)Su[eS wthin the fithanoal statements Suth as Heahh and Safety U8s and regulatic$. We alrsed the su5cepliLvfity of the companls finantsal statrements to maieTial mi%tstement, ind•9 fraud rni9hl occur. Audti Pred performed by the engagemern inde.. . DiS$s1onS with rnanagement. cwsthabon o¥ krKAvn or instan&s of 12ws 2nd regulations or fraud.. - Obtain an understandiry ofthe Th1terr) (x)ntrS Ihat rnan81 have ift p( kn Prevent and detertfraud: - ChaIngIng a5SUTnptioms and judgemènts rtsde by management in its svJnrfi(xnt ae¢cAJnting estimates.. - Reweing the financial statement disrjosures and assessing the appropriateness of Lhe accounting used.. - Identifying and testing j(xJmal Èntrtes, in p8rticuL8r manual u unusual entrts., - Obtaining Ihird party confim2ti0ns ofall the companies banking a[rangeff'. - Perfortning analytif21 10 identify any unusual unexpeued reL81ionships.' - Conclude on the approprkiteness af the dired(Jrs' use of g(xng )nrn basis of accountirvJ. The assessment of ihe apprtrpriateness of the rllectiVe (x)mtÈierte capatsliks ol the engagent team ined consider81ion of the eryagements team's knowledge oflhe industry in WCh the dient opwates in and understanding of. and practical experien wth. audil engagefflents of a Sitnir naiure ¢x)mety through apprcprie trdining and paitopation. There are inherent limttations in the audit pru[eS desctibed a. We ate likety to bixne aware of Instancès of non-compliance wth laws and wulatians IhBt are nol ckEety rdated io events arvj transactions reflected tii the financr81 5taiÈmÈnis. A. the risk of dÈtetbng a Marial mtsstatÈMi due kn fraud ts higher Ihan the iisk of not detedrig one resutting from error. as fr2ud rnay Involve deferate conceaSment Ouraudit proceLlure5 are designed to deteGI material mEstatemwrt. We are rK4 respts for preventing n0n<A)rnp1r or fraud and c3nnot be expecied lo detect non-comFWnce wilh all la and rEgUn5. A furfhér description of our respon&bifIS for the of the fiar1 stsments is trxat the Fin8noal Reporting Councl's website at w.fre.0rg.LW8udlt0wsnslllts. Thi5 descffiption forn part of our Rewrt af the Independert Auditors.
Rèport of thè Independent Audstors to th8 Member5 of NEWCIS Consolidated Lls? olourreport This report is made solety io Ihe (knrIiab (XxnpanS members. a5 a ttsyy. in accordanc£ Chapter 3 of Part 16 of the Companies Act 20c. Ojr alt wyk has been undertaken so that we might stale to the chantable cornnls mernbers those rnatters we are required t¢ Stsle to them fft an auditor5, reFKXt and for other purp)se. i O the fulbes.. exlen.. perrnitted by law. we do not acceptarassume re5FxJnw>ilty lo anyone otrEr than the thanlabk mnY anLf the tharirable companys mwnbers as a tK)dy, far0uracxWk. f£th reporL orfwtr* orKnN)ns have iormed. ed Robert5 BA (Ho) FCA {sensb)t0ry knit¢rl for and on behalf OfsaryS Compary BnesS 5c4utkxts L¥nited Ststuw Auditors Chartered Acc4)untanis Irish Square Upper Denbiqh Road St Asaph Denghshlre LL17 ORN Date.. -q-)uJ
NEWCIS Consolltlated Ststernerrt of Financial ActNitiÈs forthe year ended 31 Ma¥¢h 2024 2024 Total rund5 2023 Total fiJnds fu fLmds INCOME AND ENDOWMENYS FROM Donations and othergr8nts 17.111 17,111 11.080 Charitable a1vitIeS Support for carers 1.768.164 156.959 1.925.123 1.718211 Olh8rtrading actleS Investment intA)me Other income 25.847 25.847 3.222 30,722 1,219 11.032 6.627 Total 1.820 971 156.959 1.771264 EXPENDITURE ON Raising funds 123.t28 123,228 271,052 Charitable actiwties Supportfor rerS 157,460 1,871.495 1,399,707 Total 157,460 1.994,723 1.670.759 Net gains on investmenis 17.500 INCOME1{EXPENDURE) 116.292} 15011 116.7931 119.005 RECONCILIAMON OF FUNDS Total funds broughtforward 786,840 89,570 876.410 7S7.405 TOTAL FUNDS CARRIED FORWARD 770.548 89.069 859.617 876.410 The rte5 fo pHrtoflhese fffianoal 8talerf*nts Page 9
NEVICIS Consolidated Balance Sheet 31 March 2024 2024 Total funds 2023 Tor81 funds UnTesthtted fvnd Restrided funds FIXE[) Assgrs Tal]e È5sets Invasknnt proFty 16 17 18.$9) 251.620 18.990 251.620 16.9¢4 251.620 270,610 270,610 268.524 CURRENT ASSETS Debtors Cash al bank and in harKI 18 259.742 712.449 259,742 801.518 112,795 756.485 971791 ,069 1.061.260 869.28D CREDThORS Amounts falling duewthin one year 19 14722531 1472.2531 1261,3941 NET CiIRRENT ASSETS 499.938 589.W7 607.886 TOTAL ASSEfs LESS CURRENT LIABIlEs 770,548 859,617 876.410 NEf ASSETS 770,548 8g,069 859,617 876.410 FUNDS UnreslriCLed funds R&stricied funds 21 770,548 89,069 786,840 89,570 TOTAL FUNDS 859.617 876,410 The finanoal stsiements We aW0d by the Board of Trustees and auth(X1 for issue on ............................................. and We Sign on its behawby". 2/'pJ2Y- The notes forn Pdrtoflhese finaniaal $latements Page 10
NEWCIS Con5011dated Cash Flow Staternent for the yearended 31 klarch 2024 2024 2023 Cash flows from operafrng activItS Cash gÈnÈraied from operabws 52.114 67.802 Nel cash prowded bYor3bry acthntres 52.114 67.802 Cash flow5 fTOrn iNvestÉng actNities Purchas8 of tangible fixed assets Purchase of investment prop Sale of investment propety Inveslmenl revalualKK 1nteresl receNed 110.3031 13.D971 14,1201 17.5(Ml 117,5001 1.219 NÈt cash used in investing actmties Change in c35h 3nd cash equlvalents in the reportlng pÈrlod Cash and cash equival8rts at the beginning of the reporting period 45.033 61,804 756,485 694,681 Cash and cash equival8nts atthe end of the reporting period 801.518 756,485 The notes fomi part of Ihese financial stslements Page 11
NEWCIS Consolidated Notes to the Cash Flow Ststement forthe yearended 31 March 2024 RECONCILIAT]ON OF NET IEXPENDITURE)ItNCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net lÈxpenditLrreifincorne forthe reporbng period las pèrthe Ststèment of Financial Activitiesl Adjustments tor. Depreuatson charges Losses on investrnents Interest receNed 116,7931 119,CKJ5 8.219 9,966 117.5001 (3.2221 Ilncreaseydecrease in debtors InGreaselldecrea5el in creditors 1146,9471 210,859 1W.636 143,0861 N8t Cash provided by operatyons 52.114 67,802 ANALYSIS OF CHANGES IN NEf FUNDS At 114riJ Cash flow Al 3111f24 Not cash Cash al bank and in hand 756.485 45,013 801,518 756 485 801.518 Totsi 756.485 45.0 801,518 The rotes fcffii part oflhese finanrial Page 12
NEWCIS ConsolidatÈd
Notes to the FTnancial Statement5
forthe yearended 31 March 2024
ACCOUNTING POLICIES
Basls of preparing the fianCIal staiernents
The financi81 sialemenis ol the charitat4e (WFJany. thch tenefrt enbty under FRS 102. have been
prepared in accordarK vrith the CharitS SORP IFRS 1021'Accwntrg and Reporiing by Charities.. Statement ol
Recommended Pfactice applicab to Gharilies preparing their accwnts in 8ccordantr wlh the Financi81 Reporting
StsndaTd applicable in the UK and Repubfic of IrÈLand IFRS 1021 leffectNe 1 January 20191,. Financial Rerorting
Standard 102 The Finanoal Reports"ng Standard applicaNe in the UK and Repubtic of IrelaTrd' and the Companies
AGt 2006. The financ1 slalwrents have been wepated UNIÉT Ihe (x)5t crnlw)n. a5 ty the
revaluation of certain assets.
The finanfial Statements a prepaTed in Stng, the fi1n(a ¢rrerty d)ariiable c)mpany.
Monetary arnounts these financial stagemts are rtyjnded to thÈ nearest Q
The accounts have teen FW3red der htstNi(•l ¢osi convention. The acojunting p(aeS adoF
gre set out below.
Income
l inc¢rne 15 rEC0Jn in the Ststement of Firntial once thè charity entidement to the fvnds. it i
PTobable thai IhÈ in(x)me WJ be receNed and the arfK)unL c2n be mewred retiabty.
Cash don2ti0ns arè recognised on receipt. Otherdonations are TA)gnised orre Ihe charity has been notified of the
donati, unless pErf
NEWCIS Consolidated Notes to the Financi31 Staternents continued for Ihe year ended 31 MarGh 2024 AccouKfiNG poui¢ies-¢ontinuod Inv8stsnent property Investment propety shovm at rTkSSt ret vakJatK)n. Any reale surylus ar dekit ari&ro fram changes in fair value is recogni ill the Slatement of Fwkanaal A4tsbe5. Taxatlon FLEnd accounting Unrestricted funds can used in ac£rdtr) the charitable otyectives at the disLetion of the trustees. Restricted funds can be parts(YJF re5trKW wrkxjses objxts of the charity. Resthctions arise when 5peufied bythe drmr orthen funds are raEed tr partsLr restri( pur[. Furtherewanab'C Of nabtsea purrxJse ofeth fund s induded the th)tes to the finanrial statements. Hire purchase and leasing ¢ommitments Renrals paid under operatmg kases are tharged to the Stslernent of FirwK4al A£bbe5 w a 51TawJhl line bass over the peftcAI of the lease. Pension costs and other post.retirpment beneffts The tharitablÈ ¢xJmpany operétes a defintyts ¢ontiiiMJbc¥) p8nsiw scheme. CL%)tnttseffjS Payab to the charitable cornpanys pen5K)n s¢hem8 are chargèJ to the siatementof Fir¢artF81 Aciritses in Ihe WiLwJ lo which they reL81e. Going Concem At the lime of approvi the financial statemts. kne trustees h8ve a reasonable expeclation that Ihe charitable rnpany has adequate res0Jr 10 contsnue in for the foreseeab fvlure. Thus the trusiees continue to adopt the going crr¢em b3S45 of80lti in Fryariro the ststements. Donated SeM£es The ba&s of valuaiion fu thated s8KS$ of ¥%jt$ is that deemed costs are rK)t reLwnwd wilhin the statement offinol a(tsDes. Group Accounts These financial Statements the resuhs of ts charity and its subthigry rnpanY Carerventures Ltd on a line by line bass. A separate Slaternent of Finanaal foT Ihe tharity is not presented because the charity has taken advanoge of the exemptions afforded by par4raph 393 of the SORP section 408 of the Companie5 Act 2006. chanty shares in Carer VereS Lltt and dire¢teT5 of these ccrnpanies 8re stso d5reclw of the charity- DONATIONS AND OTHER GRAKrs 2024 2023 Donatians Fundraisng 17.111 11.078 17,111 11.080 P>ge 14 eontinued...
NEWCtS Consolidated Notes to Ihe Finarb¢ial Stoternents- continued for the yeareTrded 31 March 2024 OTHER TRADING ACTivmES 2tr24 2023 Shop incorne 25.847 30.722 INVESTMENT INCOME 20?4 2023 Deposbt account interest 1,219 INCOME FROIA CHARffA8LE ACTMnES 2024 2023 Adiwty Grants 1.925.123 1.718.211 Grants receN&l, inchtded i Ihe al. are as fdkME.' 2024 2023 Bcu 244.553 213.490 474.%1 328,255 1%.959 257.502 30.oc 5.379 173,825 8.518 25.000 6.681 224.462 229.018 608.556 366.756 182,751 68,970 Denbighshire Cwnty t47 FlintshiE County Council WTexham County Counal Bts Lottery Fund Carers Trusl Wath grant Action for children Moond8nce South Wales BTG The WatedoD Foun¢Jab We15h Govemment BTG CVSC Prestatyn Welbeiry Prt4ect 7.700 1.925.123 1.718.211 RAISING FUNDS Ralslng donations and legaues 2024 2023 Suppoyt sts 271 othertradlng activtties 2024 2023 F4Jrchase5 Staff sts Support cwL8 20.024 58.4 44.524 18,922 6g.771 122,957 271.052 Aggregate aKjts 123.228 271,052 Pdge15 entinued...
NEWCIS Cot)solidated Notss to thé Financial Staternents continued forthe yearended 3q March 2024 CHARITABLE ACTMnES COSTS Grant fundiw of acttwtiÈS Isee note Supwrt sts (see ntsie 91 81 Tota15 Support for carers 660.505 1.871 495 GRANTS PAYABLE 2024 2023 Supportforcarers 660.5 384 420 SUPPORT COSTS lThf¢miaion (vernan sts Fjna Tol21 RakNng donaliorts arA1 271 34,7T8 1.187.306 271 44,524 1.210,990 other trading acbwts&S Supporl f CarS 619 4.484 17.454 6.132 1.222.355 717 10.775 21,938 1.255.7B5 NEf INCOMEIIEXPENDTTURE) Net incomellexperLditurel ks ststed aller charwWl&ditilYJI: 2024 2023 Auditors. remuneratic Auditors. mneratiOn for non 8rtYK Deprerialion- owned 355ets Olheroperating 8$e$ $.254 8.470 8.217 38.416 3.132 7,900 9.968 30.464 TRUSTEES. REMUNERATrON AND BENEFrrs There were no trustees. rerNneratki or (kher bÈr• fv the year ended 31 March 2024 for Ihe year ended 31 March 2023. Trustees. expenses Duriro the yearexpenses of £nil12023.. £2281 were to trusteesfortr8vd expenses. Page 16 )hnued...
NEWCIS Consolidated Notes tothe Financtal Staiements - contsnued foT the year erEdeil 31 Mawrh 2024 STAFF COSTS 2024 2023 Wages and sa12ries Social security t05ts Other pension cosis 1.019.166 67.607 49.695 986.085 73.483 45,510 1.136 468 1.Q85.058 The avewe rnonthty nuMberola)Y thJrir¥J the yearwds as f(4fvs: 2024 47 2023 44 Support Shop 51 The staff costs and staff nUrnrs anaty&s atMwÈ rtèto tr>Jth the (ty the GTWP. 13. COMPARATIVES FOR THE STATalENT OF FINANCIAL AcnvmES Tot funds fijnd fvnd5 INCOME AND ENDOWMENTS FROkl Donations and other grdnts 11.090 11.080 Charitrble a¢tivltl8S Support forcarers 1.S35.460 162.751 1.718.211 Other Irading aciirities InvesThenl mcome OtheT inGome 30.722 1,219 11.032 1.219 11.032 Total 1.589.513 182.751 1.772.264 EXPENDiTURE ON Raising funds 266.605 4.447 271,052 Charitable actiwtle8 Support forcarers 1.272,488 127.219 1399,707 Tolal 1.539.og3 131,866 1.670.75g Net gains investrnents 17.5LYJ NET INCOME 67,920 51,085 119,ry)5 RECONCILNMON OF FUNDS Total funds brought forward 718,Y20 38.485 757,405 TOTAL FVNDS CARRIED FORWARD 786,840 89.570 876,410 Page 17 0)ntinUJ...
NEWCIS Consolsdated Notes to the Financial Statem6nts-¢ontinued forth4 yÈarÈndÈd 31 March 2024 14. FSNANCIAL PERFORMANCE OF THE CHARrrY The mnsaIed Statement of financ&aJ Acbths inrath the resutts ofthe <ariWs owned subsidiary. Carer Ventures Limited. The 5vrnmary financAal perf0mae ofthe ch8Tity akne is: 2024 2023 Darli0S and legarA8S CharitaUe activrtes Other trgding aciMtie5 Investment incorne Other income 4.347 1.91g.743 17.111 3,222 23.502 1.710,511 11,078 1.219 22,906 1.967.925 1.745.713 Raising funds CharitabEt actswtses 137.785 1.5012511 1.980.457 11.980,4571 11,639.0361 t4el gansllknl on inveslmenls 17,500 Net irtomellExpen(Murel 112.5321 124,177 Total fvnds brought foryrdrd 854.T15 730.598 Tolal funds cat[d fowrd 842.243 854,775 1S. FINANCLAL PERFORMANCE OF cARERVE1REs uMrtED NEWCIS owns the entire share Cap¥ of Carer Venture5 Limited. which opeTrte5 the dIng 8¢bwtses on behalf or the Charity in th8 f¢m ofcarity sw and otheTs£xial eniwprise a<knti85.Cc4npany number 10638466. The trading of Carer Venlures knrniled, as exlr&ted fmrn the audited knantial slatÈtYL8. are summarised Iow". 2024 2023 Tumover Costof sdes 110,843 96.1831 113.100 103,8931 Gross Profrt 14.660 9,207 Adrninistralive expense5 Olheroperabng inwrne 144.58DI 29.949 144,5721 30.193 Operatyry profiuoossl 29 15,1721 Tax on profrtllkEsl Profitllksssl forth8 finanoaT period 29 5.1721 The assets and Iwbibties oflhe Sutary TangLe assets Current assets Current liabilities 11.369 55.oy 48.9861 8.423 62.91 49.6291 P&Je 18 conlinued..
NEWCIS Consolidated Notes to the Financtal StatwTr)ents- continued foi the year ended 31 March 2024 FINANCIAL PERFORMANCE OF CARER VENTURES UMITED- ltinued Tot81 asset8 less o1rnt liabilities 6.048 13.312 Provisions fu118bilitses N&t IliabilesYÈ$s&ts 17,417 21,735 Aggregate GaFHlal and re5erw85 17.417 21.735 TANGIBLE FIXED ASSErs Lo leasehold lo wopety Plant and mathinery COST At 1 April 2023 Additions 5,125 1,184 Al 31 March 2024 8.200 5.125 1.184 DEPRECIATION Al 1 April 2023 Charge foryear 2.460 410 3.331 1,025 1,013 171 At 31 Marth 2024 2.870 1.184 BOOK VALUE At 31 March 2W24 769 At 31 Marth 1.794 171 Fixtures otor Computer equipment fithros Totals COST Al l April 2023 Additions 40.418 15. 8.170 115,270 10.303 1.9 At 31 Marth 2(r24 40.598 23.670 46.796 125.573 DEPRECIATJON At 1 Apnl 2023 Charge foryear 39.009 10.592 3.327 41,961 2.601 98,366 8.217 At 31 2a24 39.692 13.919 106.583 NET BOOK VALUE At 31 March 2024 2.234 18.990 At 31 Mareh 2023 1.409 2.882 16.904 Paje 19 ccmtinued...
NEWCIS Consolidated Not¢s to the Finan¢ial Ststements- continuod forthe year Ènded 31 March 2024 q7. INVESTMENT PROPERTY FAIR VALUE At 1 April 2023 and 31 March 2024 251.620 NET BOOKVALUE At 31 Martsl 2Q24 251.620 At 31 hAarth 2023 251,620 PTopety valued by trd patyv8lu8ron tre 6th ofmarth 2024. 18. DE8TORS: AMOUNTS FAWNG DUE wrrHIN ONE YEAR 2024 2023 Trade debtors other debtors VAT Pr8pawnents and accwed ir¢ Prepayrnents 217.885 1,500 4.136 27.586 8,635 76,974 1,500 2,267 32.054 259,742 112,795 19. CREDoRS.. AMouKfs FALUNG DUE wrrHIN ONE YEAR 2024 2023 Trdde GreditDf5 Soci81 security and otFrtaxes Other creditors Deferred income Accrued expwses 8.413 653 1,483 133,498 117,347 653 2,313 448.423 472.253 2f1.394 20. LEASING AGREEMEKrs Minimurn leaEe Paynts urvjer <WiryJ leases fJl dye as kws.' 2024 2023 thin one year BeMEen one and five year5 21,740 52.500 26,788 74,240 74,24Q 101.028 Page 20 continua4...
NEWCtS Consolidat Noies to the Financ[ Statements contynued for the year ended 31 M3rch 2024 21. MOVEMENT IN FUNDS Nel rnDvement in funds Al 3113r24 At 1M123 Unrestrictsd funds General fund 786.840 I16.2) 7T0.548 ReStrie funds Big Ltsttery Fund 89.570 15011 89.069 TOTAL FUNDS 876.410 16.7931 859.817 Net Tn0vent in fv[s. iK4uded in thÈatKNe ate a5 fokn.. Inccrfniry RegDurc r&ource5 expended Movement in funds Unrestricted fvnds General fund 1.820.971 11,837.2631 116,2921 Restricted fund5 Lottery Fur 156.959 (157.4601 I1) TOTAL FUNDS 1.971.930 1.994.723 16.7931 Comparatives for movement in ftJnd5 Ntrt movement in funds Al 114r22 3113123 Unrestricted funds eneral Yund 718.920 67,Y20 786.840 RèstriGted fund5 Lottery FuThl 38.485 51. 89,570 TOTAL FUNDS 757.405 119.005 876.410 ComparatNe net ¥fthm*)l in fvTH15. iThJLthd in the above are as follows." Inc(JrnirMJ RestyJrces reswrrx eXpendj Gains and losses Movement in funds UnTestrieted fvnds General fund 1.589.513 {1.539.0931 17.X 67.920 Restricted funds Big Lottery Fund 182.751 1131.6661 51,085 TOTAL FUNDS 1.772264 1,670,759) 17.5 119.005 Pffje 21 continu&1...
NEWCIS Consolidated Motss to the Financigl Ststements- continued forthe year ended 31 March 2024 21. MOVEME IN FUNDS- ¢oYbtsnuad A curn1 year 12 rnijnths and oryear 12 m[tt as folkn.. Net Al 3113124 At 114122 in funds Unrestricted fvnds General fund 718.920 51.628 770,548 Restrtcted funds 8ig Lottery Fu 38.4&5 89,069 TOTAL FUNDS 757.405 IW2.212 859.617 A (jJent year 12 rrt¢nths and priyear 12 rrKJntt15 net ffloverrnt in knds, duded in the abDve as folhws.. InrnIng Rèsour Gains and losses Movement in fjjnds Unrestricted funds Geneol fund 3.410,484 13,376.3561 17.500 51.628 Restricted funds Big Lotlery Fund 339,710 1289,1261 50.584 TOTAL FUNDS 3.750.194 3.665.482) 17.500 102.212 Big Lott8ry Fund This a restricted fijnd sperAfied t0rwe11br supwrt. to farr* earets, wvvjiw ¢ne to one $te breaks. group 5UPPOrtand u)unselling. CApAL COMMITMENTS 2024 2W23 Conlracled bul rx)l [woldeAl for in the slaterrbEnt £355,000 As at 31Marth 2024 the ChaBty had crKnTryttgJ to a proFerty to the arywnt of£355,CQO. OTHER FINANCiAL COMMrrMENTS As at 31marth 2024 the Charty had rA)rMiitsments in rektion kn the Operan9 leases for the shops at RELATED PARTY DISCLOSURES The Gharitabk oxjmpany has rakeft advantrge of exernptK)n, ufKS¥ the ter of Reports Standard 102 The Finanaal ReFxIMJng Standard app1e in Ihe UK and Reput1¢ of Ireland,, rK)t to di%cknse reLa party transactions wholty 0ed s&dne5 1h1n the grDUP. Page 22 continued...
NEWCIS Consolldated Notes to the Financial Statements. continued ftsrthe year ended 31 Marth 2024 25. LEGAL STATUS OFTHE CHARTfABLE COMPAtrIY The Charity operatès as a reg[Sred (x)rryny Fmitul by guaraniee. the nurnr of guarantees being 8. The li2ty of each guarantoris lirnited to £1. 26. UNRESTRICTED FUNDS Induded wthin unreslricted reswves is an not towmg £14.820 in relatty to the reva81 of inveslmenl properties.This indudes any fair lUSI[nets rwEed for curtent and pr%yea[, wthith atp un*ailab5e for distribution. Page 23
NEWCIS Consolidated Detsiled Stst8m8nt of ¥inancial Actimties for the year ended 31 Mah 2024 2024 2023 INCOME AND ENDOWMENTS Donations and othergrants Donalions Fundraising 17.111 11.078 17,111 11,080 OthertradiTrg aetivitiÈS Shop income 25,847 30,722 Inv8Stm8nt incom8 Depos11 account interest 3,Y22 1.219 Charitable activfoes Grants 1.925,123 1,718.211 other income Other income Carer Rewte &Jngalow 48.072 41.445 7.431 3.601 6,627 11.032 Tot81 incoming resources 1,977.930 1,772.264 ExPENDvRE Othertrading ictiwties Purchase5 Wages Soual 5eoJrity Pensions 20.024 51.064 4.663 2.682 18.922 62.115 4.688 2.968 78,433 88,693 Chayiiablo a¢tiV5ties Grants 10 Indmduals 384,420 Support costs ManagÈment Wage5 Social seDJrity PensioD5 Rent & raies Insurance Light and heat Telephone Postage and stalonery arketing & PR SurTrdries Compu4er running costs Sub5crplions & trdining CarrEd forwar 968.102 62.944 47,013 38.416 6,278 1C>.910 19.639 29.615 1.619 1.038 8.".38 3.011 1,196.723 903.970 68.775 42,542 30.464 11,047 8,478 11,045 33.679 1.891 1.191 9.594 4.881 1,127.7 Ths p29È does rK)I fomi r)ari ofthÈ stattrtiryfman(iJ stslements Page 24
NEWCIS Consolidated Detailed Starement of Financial Activities for Ihe year ended 31 Mar¢h 2024 2024 2023 Management Brought faTward Travel & 5ubsislence offi deaning ference & meeliry costs Moior Expenses Staff w&farÈ Long leaseho Improvements lo propety Plant and tnachinery FixtrJrÈs and fitbngs MotOTvehidès Computer equiFxnent 1,196.723 7.244 1.739 350 8,075 1.127.557 20,363 1.895 343 10,687 20 410 1,025 215 661 410 1,02S 172 3,327 2,602 4.555 1.222,355 1,170.811 Finance Bank charges 717 759 Inforrnati¢Jn te¢hnology Repaits and reneL 0,775 7.370 Governance G05ts Auditots. remuneT2ti0n Auditots. remuner2ti0n lorrK)n oudit wrk Leg81 & ProfessK)nal Fees 6254 8.470 7214 3.132 7.900 7.674 21.938 18.706 Total resources exrÉnd 1.994.723 1 670.759 Net lexpenditureifincome b8foTe galns and losses 116,7931 101.505 Roalised rn¢ogn5sed gains and losses Realised gsinsllbssesl on inveSfrftt pwerty 17.5 Net lexpenditur•Wincc>m 16.7931 119.5 Thi8 page does rntfc*m psrtclthe frHnaal statemerits P3ge 25