Registered Charity No. 1186457 Company No. 12124874 ST AUGUSTINE'S COMMUNITY CARE TRUST TRADING NAME HOMELINK TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31# DECEMBER 2023
ST AUGUSTINE'S COMMUNITY CARE TRUST FOR THE PERIOD ENDED 31" DECEMBER 2023 CHARITY INFORMATION Permanent Trustees/ Directors The Ven. Richard Frank Revd Canon John Kafwanka Kaoma- Resigned 30th July 2024 Lay Trustees/Directors Dr Lesley 5eddon - Chair until 18, January 2024 Dr Rita Harris- Appointed 18 January 2023. Chair since 18th January 2024 M ichael Horsley- Vice Chair John Lord - Treasurer Roubina De Winton Lesley Low- Appointed 15th March 2023 Carolyn Mccombe Mary Mellor- Resigned 18rhJanuary 2023 Steve Monaghan Alnoor Samji Chief Executive Officer Jacqui Parris Charity Number 1186457 Company Number 12124874 Independent Examiner Stephen B McAlpine SBM Associates Limited, trading as SBM & Co 24 Wandsworth Road London SW8 2JW
Homelink Trustees, Annual Re ort forthe Year Endin 31" December 2023R Introdurto Me55a e from the Chair As the recently appointed chair of Homelink l am pleased to be a part of this thriving and developing charity, designed to meet the needs of some of the most vulnerable members of our community. As outlined below Homelink is a well-managed. flourishing charity with a highly motivated and engaged group of staff and volunteers, managed by an extremely effective CEO. The Board works well together in overseeing the overall performance of Homelink and assuring good governance. l am looking forward to playing an active part in this important charity as it evolves to be increasingly relevant to the populations it serves. Dr. Rita Harris, Chair of the Board of Trustees. l. Mission and Activities Mission Statement: Homelink is a local charity dedicated to the wellbeing of older people and their unpaid carers. We believe that everyone should be able to live a meaningful life in which they feel engaged, purposeful, and connerted within their community. To that end we provide both day care for those that need it and vital respite and social and emotional support for carers. Based in Whitton, Twickenham, Homelink was started in 1997 in a church hall, by members of the congregation of St. Augustine's of Canterbury Church, who identified a need for a day respite facility for older people, offering unpaid carers a vital break from their caring duties. Twenty-seven years later our service offer includes a modern purpose-built centre, and an integrated approach to supporting both the carer and the person that they care for. 2. Achievements and Performance In 2023 Homelink is proud to have 5UPPOrted a total of 271 unique individuals throughout 2023 via our day centre. home respite service, carer support and Social activities for older people. The charitvs total income for the year was £472,664. We employed 4 full-time and 13 part-time staff and were supported by 58 volunteers. Day Centre The Homelink day centre continued to thrive, giving carers regular respite, secure in the knowledge that the person they cared for was being looked after in a safe, stimulating, enjoyable, and caring environment by a team of trained staff and volunteers. A survey condurted during the period showed that 94% of our carers were 'very satisfied, with the care provided to the person attending the centre. A total of 106 attendee5 experienced a varied programme of personalised, enjoyable and stimulating activities and entertainment. Examples include, visiting performers, music therapy, reminiscence activities, inter-generational work, gentle movement to music, creative pursuits, virtual reality, singing, quizzes, discussion groups, gardening, visits from museums, and much more. We were fortunate during the year to receive a grant from the Heathrow Community Trust to purchase an interactive table to enhance our service offer. The table is a portable system that can be used individually or in larger groups to promote physical actlvity, creativity. and social interartion, thereby helping to improve emotional and physical well-being, social interaction, and connection with others.
We worked with a range of partners to provide activities and entertainment including Otakar Kraus Music Trust, Brighter Together, Richmond Music Trust and local schools, and we are grateful for their support. We have continued to see a higher level of need amongst new referrals to the service, and consequentlv higher client turnover than before the pandemic. However, our attendances overall have steadily increased since 2022. *4 Carer Support Servlce During 2023, a total of 101 carers benef1tted from Homelink services, including 52 carers who received direct one-to-one help and support, thanks in part to the financial support of the Reaching Communities Lottery Fund. The service continued to offer regular meetings, information, signposting, one-to-one advice, and informal emotional and practical support, to carers of older people, most of whom have a diagnosi5 of dementia or other long term health condition. We ran a range of social events and activities for carers, including coffee mornings, walks, supper clubs, Singing for the Brain, afternoon teas, and craft sessions, providing opportunities for carers to socialise whilst receiving peer support. Carers were also able to attend regular music therapy, thanks to our collaboration with Otakar Kraus Music Trust. During the period, we developed a new initiative known as 'Drop Off, Drop In, an informal coffee morning held while clients arrive, where carers can come together with a member of the Carer Support Team for a drink and a chat. This informal approach has in turn led to peer support, signposting, advice and social interaction, and continues to be popular with carers. We also established a regular outreach session at a local daytime s0¢ial centre, Elleray Hall. We continue to work in partnership with Richmond Carer's Centre as part of the Richmond Carerfs Hub, to deliver fortnightly support groups, both online and in-per50n to those caring for a partner or a parent with dementia. This ongoing work was part of a 3-year sub-contract funded by Richmond Council, which has since been renewed.
Homelink at Home Homelink provided resplte support at home to 9 clients who benefited from an individualised and engaging activity programme including reminiscence. games, quizzes, arts and crafts, and seasonal themed activities as well as emotional support. The Homelink at Home service was developed as a direct response to the needs of those clients who were unable or reluctant to attend the centre immediately following the pandemic. Given the logistical challenges of running a home respite service, a decision was made during 2023 to wind the service down once the existing beneficiaries no longer required it. Homelink at Home has now ceased to operate. Lunch Club In addition to our core offer of day respite and carer support, during 2023, we launched a lunch club for older people, providing a warm space, a home cooked meal and social time for up to 25 people each week for 20 weeks. This initiative was possible thanks to the support of a cost-of-living grant from the London Borough of Richmond upon Thames. In total, we supported 55 individuals over the 20 sessions. A survey of participants showed that all attendees were over 70 years of age. 50Yo over 80. 75% said they had made new friend5, and 66% said that their general wellbeing had improved. Community Engagement We worked hard throughout the year to engage with local community groups and partners. Examples include, attending a range of primary care networks and mental health and wellbeing events in both Richmond and Hounslow, participating in Richmond's Dementia Friendly Communities initiative, presenting to Richmond Social Prescribing Team, connecting with local Admiral Nurses, meeting with Dementia Advisors from the Alzheimer's Society, and from the Cognitive Impairment and Dementia Service ICIDSI at West Middlesex Hospital, attending events at Age UK Feltham and the Full of Life Fair at Twickenham and improving links with commissioning teams in both Richmond and Hounslow.
- Flnan¢lal Review Financial Statements The financial statements, including the notes, have been prepared in compliance with the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities" 2019 IFRS 1021. The analysis of income and expenditure reflects the classification of activities, together with costs relating to administration. Statement of Financial Activities The Statement of Financial Activities is shown on page 12, with a more detailed analysis of income and expenditure within the notes to the financial statements. The total income for the year was £472,66412022: £385.2201. While income from client fees increased by £13,469 this was augmented by a rise in grants amounting to £66,746. Total expenditure for the year increased to £501,29512022- £439.3131. As in the previous year, the main expenditure item was staff cost5, which rose to £312,58912022.. £285,689). The increase in expenditure was driven by the high inflation rates in 2023, which raised prices across wages, utilities, and supplies. Princlpal Funding Sources Homelink primarily generates its income from client fees and grants. Additionally, it benefits from a small contract with Richmond Carers to provide carer support seNices, alongside various donations and fundraising efforts. A comprehensive list of grants and donations received is outlined in Note5 2 and 6 of the accounts. In 2023, Homelink demonstrated notable improvement in its financial performance, with a steady increase in revenue. Despite this progress, the organisation reported a net loss of £29,734, 3 significant improvement from the £58.272 loss in 2022 Balance Sheet The above produced a combined fund balance of £1,162,533 {2022'. £1,192,267) at year end. The analysis of the funds can be found in note 17. with the movements within each fund detailed in note 18. Finance Overview 2023 financial performance was a small improvement over 2022. Our cash/investments balance at the end of 2023 was £99,979, this was negative £16,224 over the year. So far in 2024 we have been slightly better than cash neutral. This is an important milestone in restoring Homelink to financial stability following the damage caused by the Covid pandemic. The increase in client fee income of 5.54% over 2022 was entirely due to increased client attendances as unit fees charged were unchanged. Homelink is focused on increasing client numbers as this is key to long-term financial stabilitv. Our Income and Its Sources In 2023, Homelink saw a 22.70% increase in total income. reaching £472,664 compared to £385,220 in
- The primary revenue driver remained client fees, reflecting Homelink's ongoing growth in client numbers. This growth contributed to a 5.54% increase in fees, totalling £256,399 for 2023. up from £242,930 the previous year.
Homelink also achieved significant success in grants income, receiving £161,010, an increase of 70.81% (compared to £94,264 in 20221. Grants received during the year included income from the Hampton Fund 1£35,0001, Lottery Reaching Communities1£38,8001, Openwork Foundation1£1S.000), Garfield Weston 1£15,0001, and Hounslow Council1£13,9751. Homelink receives strong sUPPOrt from its community. In 2023, total donations and legacies amounted to £28,627, down from £29,033 in 2022. Homelink holds investments with M&G Investments, which yielded £2,731 in 2023. Additionally, bank interest amounted to £1,501, resulting in a total of £4,232 for the year12022.. £4,026). Managed Cost Expenditure at Homelink saw an increase of 14.11%, amounting to £61,982, bringing total expenditures to £501,295 compared to £439,313 in 2022. Despite Homelink'5 Stringent budgeting and effective cost controls, several uncontrollable factors contributed to this rise. Chief among these were increased salary costs with pay rises averaging 8% due to the high level of UK inflation in 2023. Furthermore, external fundraising costs rose by 41.7% to £17,460. this investment was easily offset by the reflecting 70.81% increase in grant income in 2023. Investment Policy The Trust Deed states, "Any part of the capital or income of the Trust Fund which may not for some time be immediately required for the purposes aforesaid, may until so required be invested by the Trustees in cr upon any investments for the time being authorised by Law." It also states that all property and funds shall be applied to the objects of the Trust. On 31st of December 2023, Homelink had a cash balance of £17,839 to fund current expenditure and as a cushion to deal with any shortfall. Due to the relatively low cash balance, it was closely monitored throughout the year. Additionally, Homelink has a further reserve of £45,837 Ivalued as at 31112120231 invested in M&G Charifund, a unit-based fund primarily investing in UK equities tailored for charities. These investments can be liquidated within less than 10 days if necessary. The M&G Charifunds yield variable returns based on dividends from the equities held in the fund. The market values of these investments as of 31st December 2023 are reflected in the Statement of Financial Artivities, capturing any gains or losses. These investments offer added liquidity beyond the £17,839 cash balance, ensuring Homelink's financial flexibility. All deposit monies Ibut not Charifundsl are protected by the FSCS up to the current limit of £85,(MIO per deposit. Reserves Policy Our policy is to maintain unrestricted reserves of approximately 3 to G months of operating costs within the General Fund. This will allow Homelink to have the option of developing new services or expanding current ones in line with the changing needs of the community. It will also ensure that delays in receipt of expected income do not interrupt services or cause financial difficulty for Homelink. In addition. it enables Homelink to survive unexpected setbacks and problems arising from internal or external causes such as Covid. The total of £79,231 12022 - £77,766) equated to approximately 2 months. This position is considered to be low and will be monitored c105ely in 2024.
Risk Management The Board of Trustees have assessed the major risks to which Homelink 15 exposed, in particular those relating to the operation and finances of the charity. Systems are in place to minimise exposure to the major risks, with a risk management register in place and reviewed bi-monthly by the trustees. Homelink's Risk Management Policy was reviewed in July 2023. Homelink operates planning and budgeting systems within an annual budget approved by the Board of Trustees. Any significant changes are subject to trustees, approval. Comparison of actual performance to approved budgets is undertaken a bi-monthly basis 4. Governance St. Augustine's Community Care Trust (trading as Homelinkl is a charitable company limited by guarantee. The organisation was incorporated and registered as a new charity on 25 July 2019 and remained dormant until I" January 2020. Prior to this, St. Augustine's Community Care Trust (Homelinkl was trading as unincorporated charity number 1047856. A Memorandum of Association sets out the object5 and powers of the organisation and it is governed under the Articles of Association. The directors of Homelink are also the charity trustees in accordance with charity law. The Board consists of a minimum of 3 and a maximum of 12 members, comprised as follows: 2 x Ex-officio Tru5tees-. o The Vicar of the church of St. Augustine of Canterbury, situated in Whitton, Middlesex. The Archdeacon of Middlesex in the Diocese of London (Kensington Episcopal Areal. Up to I person nominated by the PCC and appointed by resolution of the Board. Up to 9 other people appointed by resolution of the Board. Vacancies are advertised locally, and candidates are interviewed by a panel of 1-2 trustees and the CEO. Trustees come from a range of backgrounds including health, finance, law and commerce, and rnany have lived experience as unpaid carers. All trustees are required to attend trainin8 on the role of the trustee and have had regard to the Charity Commission's guidance on public benefit. Ouring the period, I trustee resigned and 2 new trustees were appointed. An audit of trustee skills was conducted during the year to identify any gaps that can be met by the trustee vacancy or by training. The Board is required to meet a minimum of 6 times per year and the quorum for a board meeting is 6 trustees. During 2023, the board met 8 times. A revised Sub-committee Structure was agreed by the Board in September 2023 with"- authority being delegated to Sub-committee5 as summarised below: Quality Sub-committee To monitor Homelink's performance in relation to operations, service quality, service development and human resources. Finance Sub-committee - To oversee the financial health of Homelink, providing advice and recommendations to the Board of Trustees as appropriate. Compllance Sub-committee- To ensure that Homelink is compliant with all aspects of the law and good practice.
Sub-committees meet bi-monthly and report significant risks to activities and mitigation plans to the Board of Trustees. We involve current and potential beneficiaries as far as possible in the design, delivery and review of our services. We conduct regular suNeys and consult clients and carers daily. Our person-centred activity programme is designed in accordance with the individual needs and interests of our clients and carers. S. Mana ement and Staffin Strurture Day to day running of the charity is delegated to the Chief Executive Officer who leads a Management Team representing the key funttions of the organisation. Staff are well trained, experienced, knowledgeable and passionate about improving the lives of older people. The current organisational structure Ipittured belowl was implemented in 2022 and consolidated throughout 2023. The previous role of Health Care Assistant was reviewed, with the detailed input of the Care Team. This resulted in a revised job description and a new job title of Care and Support Worker to better represent the role. Following the 2022 restructurin& the Management Team are performing effectively at the right level and providing highly effective support to the organisation. Jp re&Suppo wrlF 151V*nl 6. Volunteers Throughout the year we were deeply appreciative of the invaluable and extensive support provided bv our volunteers. Their dedicatlQD is evident in various aspects of our service, including engaging with clients through conversations, facilitating discussion groups, organising and leading interartive sessions, recreational activities, serving meals and refreshments, and ensuring clients, safe transportation to and from the centre. Additionally, we are thankfijl for the diverse talents within our volunteer base, which enrich our activities through gardening, fundraising initiatives, and enhancing social experiences for both clients and their unpaid carers.
During 2023, we were supported by 58 volunteers for an estimated total of 8,250 hours. This would equate to a tremendous financial benefit of £98,587 using the London Living Wage of £11.95 a5 a guide. 7. Future Plans Our priority objectives for 2024 are as follows.. To continue to develop a full governance structure, helping us to ensure that our decision-makin8 processes remain structured, transparent, and focused on the overall objectives of Homelink. To further develop a comprehensive approach to involving service users in the design, development and delivery of our services. To achieve a more diverse Board of Trustees that is representative of rhe community that we serve. To work in partnership with our colleagues and organisations in the voluntary and public sector. To be a key player in the network of local services for older people and their carers. The Trustee's report was approved by the Board of Trustees on Ji l Jq J2 and signed by order of the board by: ,.(L.i..f..L.J. Dr. Rita Harri5 Ichairl John L rd I easurerl
STATEMENT OF DIREoRs. RESPONSIBILITIES The directors (who are also the trustees under charity lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and regvlation5. Company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the profit or loss of the company for that period. In preparing these financial statements. the directors are required to- •select suitable accounting policies and then apply them consistently, •make judgments and estimates that are reasonable and prudent, and 'prepare the financial statements on the going concern basis unless It is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accountirsg records that are sufficient to show and explain the charitable companvs transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detettion of fraud and other irregularities.
10 INDEPENDENT EXAMINERS, REPORTTO THE TRUSTEES OF ST AUGUSTINE'S COMMUNITY CARE TRUST I report to the charity trustees on my examination of the accounts of the company for the year ended 310ecember 2023, which are set out on pages 11 to 24. Responsibilities and basls of report As the charity's trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the atcounts in accordance with the requirements of the Companies Act 20061"the 2006 Act-l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination. In earrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examinerfs Report- matter of material significance5 identlfled Since the Compan¢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 l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wale5, which is one of the listed bodies. I have completed my examination. I conf irm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 386 of the Companies Act 2006- or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirement5 concerning the form and content of accounts set out under section 396 of the Companies Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered a5 part of an independent examination. the account5 have not been prepared in accordance with the method5 anJ principles of the Statement of Recommended Practite for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Stephen B McAlpine BAIEconl FCA SBM Associates Limited, trading as S8M & Co 24 Wandsworth Road London SW8 2JW IS 2024
BALANCE SHEEfAS AT 31 DECEMBER 2023 Notes Unrestricted funds Restricted income funds Total thi5 Total last year year FIXED A55ETS Tangible assets Investments 13 14 19,668 45,837 1.083.302 1,102,970 45,837 1.127.597 66,940 Total fixed assets 65,505 1,083,302 1,148,807 1.194,537 CURRENT ASSET5 Debtorslprepayments Cash at bank and in hand 15 10,399 17.839 10,399 54,142 6,924 49,264 36,303 Total current as5et5 28,238 36,303 64,541 56,188 CREDITORS Creditors: Amounts falling due within one year 16 114,5121 136,3031 (50.8151 158,4581 NET CURRENT ASSETS/(LIABILITIESI 13,726 13,726 12,2701 TOTAL ASSETS LESS CURRENT LIABILITIES 79,231 1,083.302 1,162,533 1,192,267 Total net assets 79.231 1,083.302 1,162,533 1,192,267 CHARITY FUNDS Unrestricted Funds Restrirted Funds 18 79,231 1,083,302 77,766 1.114,501 Total Funds 17 1.162,533 1,192,267 For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provision5 applicable to companie5 subject to the small companies, regime. These accounts were approved by the Trustees on ........-... -. ... ....... ....-......-. and are signed on their behalf by.. Dr. Rita Harris (Chairl Trustee John Lo reasurerl - Trustee
12 STATÉMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2023 Unrestrlcted Restricted funds income funds Total funds Prlor year funds INCOME AND ENDOWMENT FROM: Notes Donations and Legacies Other trading activities Investments Charitable activities Grants 28.627 7,094 4,232 271,701 34,000 28,627 7,094 4.232 271,701 161,010 29,033 2,281 4,026 255,616 94,264 127.010 Total 345,654 127,010 472,664 385,220 EXPENDITURE Raising funds Charitable activities 17,460 325,626 17,460 483,835 12,321 426,992 158.209 Total 343,086 158,209 501,295 439,313 Net income llexpenditurel before Galnslllosses) Net Gain /llosses) on investments 2,568 131,1991 128,6311 154,0931 11,1031 11,1031 14,1791 Net income /lexpenditure} 1,465 131,1991 129.7341 158,2721 Transfer between fund5 Net Movement in Funds 1,465 {31,1991 129,7341 158,2721 Reconciliation of funds Total funds brought forward 77,766 1,114,501 1,192,267 1,250,539 Total funds carried fonvard 79,231 1,083,302 1,162,533 1,192,267
13 NOTE5 TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 I. ACCOUNTING POLICIES 1.1 The financial statements are prepared under the historic cost convention. They have been prepared to comply with the Statement of Recommended Practice.-"Accounting and Reporting by Charities" lapplicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS 102 section IA} and relevant charities legislation. The charity has taken advantage of disclosure exemption available for small entities. The accounts are presented in 5terlin& which is the funrtional currency. rounded to the nearest whole pound. 1.2 Going concern The trustees/directors have considered the resources available to the Trust to enable it to continue in operational existence for the foresee3ble future. Consequently. the trustees/direttors concluded that the Trust is a going concern, and the accounts are prepared on a going concern basis. 1.3 Income Revenue grants are recogni5ed on the earlier date of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are included on the Balance Sheet as deferred income to be recognised in the future accounting period. Grant5 received for specific purposes are accounted for as restricted fund5 in the Statement of Financial Activities. 1.4 Restrirted Funds Restrirted funds are to be used for purposes specified by the donors. Expenditure, which meets these criteria, is applied to the fund, together with a fair allocation of management and support costs. 1.5 Unrestrirted Funds Unrestricted funds are donations and other incomes received or generated for the objects of the charity without further specified purpose and are available for general use. 1.6 Investment Income Credit is taken for interest when the interest falls due for payment. Investment income generated in respect of restricted funds is allocated to the restricted fund. 1.7 Judgements and key sources of estimation uncertainty The preparation of the financial Statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
14 NOTES TO THE FINANCIAL STATEMENT5 FOR THE PERIOD ENDED 31 DECEMBER 2023 Icontinuedl 1.8 Tangible fixed assets A55et5 for use by the charity are capitalised if costing more than £IOOO otherwise cost of such assets is written off in the year acquisition. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the rates calculated to write off the cost of valuation of fixed assets, le55 their estimated residual value, over their expected useful lives on the following bases.. Leasehold buildings Leasehold improvements Furniture, Fixtures & Fittings Computer equipment Over the life of the lease on a straight-line basis Over 3 years on a straight-line basis Over 3 years on a straight-lirie basis Over 3 years on a straight-line basis 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 the net income/lexpenditurel for the year.
15 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 {continued) 2023 2022 Income from donations and legacies Gift Aid claimed 8ig Give The Grand Charity Hampton Masonit Royal Jubilee Masonic Lodge Kew Fete Communion Army Rugby Union M&S PLC St. Augustine's of Canterbury Church Other Donations and Legacies 1,171 12,000 3,176 9,699 450 500 500 1,500 700 2.000 377 500 12,579 12.508 £28,627 £29,033 Other Trading income Other local fundraising Events Christmas draw 5,870 1,224 1,093 1.188 £7,094 £2.281 Investment income Investment income £4.232 £4.026
16 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 (continued) 2023 2022 Income from Charitable activities Grants Carer support Client fees Transport fees 161,010 9,444 256,399 5,858 94,264 8,081 242,930 4,605 £432,710 £349,880 Grants received for Core Activities included in the above. are as follows- Field FamilyTrust City Bridge National Lottery Community Fund Morris Beneficent Fund Richmond Council Heathrow Community Fund NHS Health Inequalities Fund Hounslow Council Openwork Foundation Garfield Weston Hampton Fund Lottery Reaching Communities William Grant Sir Jules Thorn Charitable Trust Mercers Company 1,500 3,750 4,884 6,000 8,939 9,000 9,162 13,975 15,000 15,000 35,000 38,800 4.883 4,000 17,166 6.915 20,000 35,000 300 I,ooo 5,000 £161,010 £94,264 Raising funds Donation fees and charges Event costs External fundraiser 108 695 16,657 198 188 11,935 £17,460 £12,321
17 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 (continued) 2023 2022 Charitable activitie5 Client Expenditure: Catering Supplies Client Expenditure.. Entertaining/Activities Client Expenditure.. Operational Care Supplies Client Expenditure: Transport Costs Depreciation Charge Establishment Costs: Building Remedial Work Establishment Costs= Cleaning Companylmaterials Establishment Costs: Electricity, Gas and Water Establishment Costs: Insurances Establishment Costs.. Repair and maintenance Establishment Costs.. Small Equipment Purchases Office Administrative Expenses- Bank charges Fees Office Administrative Expense5: IT & Communications Office Administrative Expenses= Recruitment Fee Office Administrative Expenses: Printing, Postage Stationery Office Administrative Expenses.- Promotional and Marketing Office Administrative Expenses.. Subscriptions and Licences Office Administrative Expenses- Sundries Professional Fees- Accountancy and Payroll Fees Professional Fees- Consultancy fees Staff and Volunteer Costs.. OBS Costs Staff and Volunteer Costs.. Staff Training Staff and Volunteer Costs: staff Travel Staff Employment C05ts.' Pension Costs Staff Employment C05ts'. Staff Employer's Nl Staff Employment Costs.. Staff Salaries 15,120 7,149 1,579 4,250 34,920 8,942 16.285 9.348 7,652 13,554 1,794 1.670 6,568 396 2.582 2,086 1,314 1.496 552 291 641 3,737 416 10,828 6,650 1,715 3,577 32.416 15,163 7,013 5,903 12,276 813 2,068 3,864 728 1,515 4,483 1,076 552 475 1,048 2,565 881 8,837 18.807 312,589 7,868 16,687 285,689 482,575 420.342 GOVERNANCE COSTS 2023 2022 Independent Examination Fees £1,260 £1,140
18 NOTES TOTHE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 (continued) TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the years ended 31 December 2023. Trustees are not remunerated for their time given to the Charity, which is on a voluntary basis. However, the Trustees have reclaimed for the reimbursement of certain expenditure incurred bv them personally on behalf of the Charity. Trustees, expenses During the year, Trustees can be reimbursed for various operating costs. In 2023 there was NIL expense -12022 - £01. Such expenditure related wholly and exclusively to the running costs of the charity and not for any personal or group benefit. 10. STAFF COSTS 2023 2022 Wages and Salaries National Insurance Costs Pension Costs 312.589 18,807 8,837 285,689 16,687 7,868 £340,233 £310,243 No employees received remuneration amounting to more than £60,000 in either year. During 2023, the key management personnel of the charity comprised of the Board of Trustees, CEO, Administration Manager, Finance Manager, Carer Support Coordinator, and Client Engagement & Volunteer Manager. The employee benefits of the key management personnel of the Charity were £152,50912022 - £173,758).
19 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 Icontinued) The average monthly number of employees during the year was as follows: 2023 2022 Direct charitable14 f/t and 13 plt 5taffj 17 25 11. PENSION COSTS The Charity has a defined contribution pension scheme, which all employees are entitled to join. In accordance with UK Government regulations, the company contributes 3% of salary and employees 5% oftheir salary. During the year ended 31 December 2023 the Chariws total contributions amounted to £8.837 {2022 - £7,8681. 12. TRANSAcfioNS AND RELATED PARTIES There were no related party transattions during the year.
20 NOTES TO THE FINANCIAI STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 (continued} 13. TANGIBLE FIXED ASSETS Furniture Leasehold Leasehold Fixtures & Computer Land and Improve- Fittings Equipment Buildings ments Total COST At l January 2023 Additions Disposals 42,029 9,377 16,9421 12,964 1.318,429 916 23,106 1,396,528 10,293 16,9421 At 31 December 2023 44,464 13,880 1,318,429 23,106 1,399,879 DEPRECIATION At l January 2023 Charge for year Disposals 41,017 1,707 16,9421 12,412 702 204,928 30,199 10,574 2,312 268,931 34,920 16,942) 35,782 13.114 235.127 12,886 296,909 NET BOOKVALUE At 31 December 2022 £1,012 £552 £1,113,501 £12,532 £1,127,597 At 31 December 2023 £8,682 £766 £1,083,302 £10,220 £1,102,970 14. INVESTMENTS 2023 2022 Market Value At I january 2021 Additions Less sales of investments Net gain/llossl on revaluation 66,940 71,119 120,0001 11,1031 14,1791 At 31 December 2023 £45,837 £66,940 There were no investment assets outside the UK. The revaluation in the year for the unlisted investments is a result of an unreali5ed loss. The above investments are unlimited M & G Equities Investment Fund for Charities Unit5 ICh2rifundl.
21 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 Icontinued) 15. DEBTORS: amounts falllng duewithin one year Debtors Prepayments 2023 2022 1,486 8,913 290 6.634 £10,399 £6,924 16. CREDITORS: amounts falling due within one year Trade Creditors Deferred Income Other Creditors and Accrued Expenses 2,145 36,303 12,367 2,530 46,769 9,158 £50,815 £58,458
22 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 {continued) 17. ANALYSIS OF NET ASSEf5 BETWEEN FUNDS Total Funds 2023 Total Funds 2022 Unrestrirtéd Restrirted Funds Funds Fixed Assets Investments Current Asset5 Current Liabilities 19,668 45,837 28,238 114,5121 1,083,302 1,102,970 1,127,597 45,837 66,940 36,303 64,541 56,188 136,3031 150,8151 158,4581 £79,231 £1,083,302 £1,162,533 EI,192,267 Net Transfers Movement between in Funds Fund5 At 31112123 18. MOVEMENT IN FUNDS At 111123 Unrestricted Funds General Fund Designated Building Improvement Fund 52,163 25,603 1,466 25,603 125,6031 79,231 77,766 1,466 79.231 Restrirted Funds Building Fixtures and Furniture 1,113,502 1.000 131,2001 1,082,302 1,000 1,114,502 131,2001 £NIL 1,083,302 TOTAL FUNDS £1,192,267 1£29,7341 £NIL £1,162,533 Net movement in funds, included in the above are as follows- Net Gains/ Movement Losses In Funds Income Expenses Unrestricted Funds General Fund Designated Building Improvement Fund 345,654 1343,0851 11.1031 1,466 345,654 1343,0851 11,1031 1,466 Restrl¢ted Funds Operational New Building Depreciation Fixtures and Fittings Depreciation 127,010 1127,0101 131,2001 131,2001 127,010 1158,2101 131,2001 TOTAL FUNDS £472,664 1£501,2951 1£1,1031 1£29,7341
23 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022 (continued) 19. FUND DESCRIPTION Unrestrirted Funds General Fund General Purpose Fund lunrestrictedl £ 53.628 {2022 £52,163). This fund is held to meet the day-to-day activities of the Charity in line with the Charity's objectives. Restrirted Funds Operational Operational Fund5 Irestrictedl representing grants given by donors for specific operational spend - e.g. staff salaries. disc105ed as required by the conditions of various grants obtained. 20. INCORPORATION On 1st January 2020, the activities. assets and liabilitie5 of the unincorporated Charty, St Augustine's Community Care Trust were transferred to this company.
24 STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2022 Unrestrirted Funds Restfirted Funds Total Funds 2022 Total Funds 2021 INCOME AND ENDOWMENT FROM: Donations and Legacie5 29,033 29,033 30,204 Charitable Activitie5 Grants Client Fees Carer Support Group Transport Fee HMRCGrant 31,666 242,930 8,081 4,605 62,598 94,264 242,930 8,081 4,605 117,284 159,328 3,653 3,410 20,002 Other Trading Activities Investments 2,281 4,026 2,281 4,026 2,932 3,482 Total Incoming Resources 322,622 62,598 385,220 340,295 EXPENDITURE Raising Funds Charitable Activltles Core Actlvities 12,321 12,321 9,686 336,024 90,968 426,992 425,215 Total Outgoln8 Resources 348,345 90,968 439,313 434,901 Net IEJ(penditure) before Galnslllosses) 125,7231 128,3701 154,0931 194,6061 Net ILosse5l/Gains on Investments 14,1791 14,1791 8,392 Net (ExpeTrdlturel/lncome after Net ILosses)IGains 129,9021 128,3701 158,2721 186,2141 Transfer Between Funds Net Movement in Funds 129,9021 128,3701 158,2721 186,2141 Total Funds Brought forward £107,668 £1,142,871 EI,250,539 1,336,753 TOTAL FUNDS carried forward £77,766 £1,114,501 £1,192,267 1,250,539