2023-03-31-accounts

REGISTERED CHARITY NUMBER: 1194205

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 FOR

TELFORD AFTER CARE TEAM (TACT) CIO

TELFORD AFTER CARE TEAM (TACT) CIO

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

	Page
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Financial Statements	6to 8
Detailed Statement of Financial Activities	9

Independent Examiner’s Report to the Trustees of Telford After Care Team (TACT) CIO

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2023 which are set out on pages 4 to 10.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. Accounting records were not kept in respect of the charity as required by Section 130 of the Act; or

2. The accounts do not accord with those records; or

3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

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.

Chris Moore

ICAEW 58 High Street

Madeley

Telford

Shropshire

22 November 2023

TELFORD AFTER CARE TEAM (TACT) CIO

STATEMENT OF FINANCIAL ACTIVITIES

Notes INCOMINGRESOURCES Income resources from generated funds Voluntary income 2 Activities for generating funds 3 Total incoming resources RESOURCES EXPENDED Cost of generating funds Wages 5 Projects Support costs Governance costs Total resources expended Net incoming Net incoming resources Reconciliation of funds Total funds as at 1stApril 2022 Total Funds Carried Forward	2023 Restricted Funds £ 402,970 205,631 608,601 337,437 6,731 173,716 5,633 523,517 85,084 242,142 327,226	2022 Restricted Funds £ 353,667 121,266 474,933 275,116 2,130 120,853 5,658 403,757 71,176 170,966 242,142

4

TELFORD AFTER CARE TEAM (TACT) CIO

BALANCE SHEET

At 31 March 2023

FIXED ASSETS TANGIBLE ASSETS CURRENT ASSETS Debtors Cash at bank and in hand Creditors: Amounts falling due within one year NET CURRENT ASSETS Total assets less current liabilities Creditors: Amounts falling due after more than one year NET ASSETS FUNDS	2023 Restricted Fund £ 289,370 12,000 189,491 201,491 (13,996) 187,495 476,865 (149,639) 327,226 327,226	2022 Restricted Funds £ 299,684 13,500 104,156 117,656 (14,559) 103,097 402,781 (160,639) 242,142 242,142

For the year ended 31 March 2023 the charity was entitled to exemption from audit under Section 477 of The Companies Act 2006 relating to small companies.

The Trustees have not required the charity in accordance with Section 476 of The Companies Act of 2006.

The Trustees acknowledge their responsibilities for complying with the requirement of the Act with respect to accounting records and the preparation of accounts.

The financial statements were approved by the board of trustees and were signed on its behalf by

Trustee

5

TELFORD AFTER CARE TEAM (TACT) CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2023

1. ACCOUNTING POLICIES

Accounting Convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming Resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accurancy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Land and property 2% straight line Plant and machinery 20% reducing balance Motor vehicles 25% reducing balance Fixtures and fittings 20% straight line Computer equipment 33% straight line

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.

VOLUNTARY INCOME

Grants Grants received included in the above are as follows: Telford & Wrekin Council The National Lottery National Health Service	2023 £ 402,970 402,970 2023 £ 182,864 35,602 184,504 402,970	2022 £ 353,667 353,667 2022 £ 162,050 42,343 149,274
		353,667

6

TELFORD AFTER CARE TEAM (TACT) CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2023

3. ACTIVITIES FOR GENERATING FUNDS

Donations Fees for services Other income – FRHP	2023 £ 6,135 5,380 194,116 205,631	2022 £ 6,467 - 114,799
		121,266

4. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 March 2023.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31 March 2023.

5. STAFF COSTS

2023 £ Wages and salaries 312,970 Employer’s National Insurance 21,803 Employer’s pension – defined contribution scheme 2,664 337,437 2023 The average monthly number of employees during the year was as follows: 21 No employees received emoluments in excess of £60,000.	2022 £ 258,189 14,096 2,831 275,116
	2022 19

7

TELFORD AFTER CARE TEAM (TACT) CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2023

6. TANGIBLE FIXED ASSETS

Cost As at 1 April 2022 Additions As at 31 March 2023 Depreciation As at 1 April 2022 Provided during the period As at 31 March 2023 Net Book Value As at 31 March 2023 As at 1 April 2022 Cost As at 1 April 2022 Additions As at 31 March 2023 Depreciation As at 1 April 2022 Provided during the period As at 31 March 2023 Net Book Value As at 31 March 2023	Land & Property Freehold Plant & Machinery £ £ 321,944 9,871 - -	Motor Fixtures & Vehicles Fittings £ £ 3,250 24,018 - - 3,250 24,018 2,671 20,152 145 2,750 2,816 22,902 434 1,116 579 3,866 Computer Total Equipment £ £ 13,952 373,035 324 324 14,276 373,359 12,633 73,351 602 10,638 13,235 83,989 1,041 289,370
	321,944 9,871
	31,533 6,362 6,440 701
	37,973 7,063
	283,971 2,808
	290,411 3,509

As at 31 March 2022

1,319

299,684

8

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023 2022 £ £ Other taxation and social security - 181 Other creditors 1,421 603 Accruals and deferred income 1,575 2,775 Capital grants 11,000 11,000 13,996 14,559 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Capital Grants 149,639 160,639 9. MOVEMENT IN FUNDS At 01/04/22 Net movement In funds £ £ Restricted funds General fund 242,142 85,084 TOTAL FUNDS Net movement in funds, included in the above are as follows: Income Resources Resources Expended £ £ Restricted funds General fund 608,601 (523,517)

At 31/03/23 £ 327,226 Movement in Funds £ 85,084

9

TELFORD AFTER CARE TEAM (TACT) CIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 MARCH 2023

INCOMING RESOURCES Voluntary Income Grants Activities for generating funds Fees for services Donations Other income – FRHP Incoming Resources RESOURCES EXPENDED Governance Accountancy fees Legal and professional fees Project Project costs Support Waste disposal Staff training Staff welfare Travel and subsistence expenses Canteen Rent Rates Light and heat Repairs and maintenance Cleaning Premises insurance Vehicle running costs Computer software, consumables and maintenance Printing, postage and stationery Advertising and marketing costs Telecommunications Service user costs Subscriptions Bank charges Sundry expenses Depreciation Profit/loss on disposal of tangible fixed assets Wages Wages and salaries Employers NI Employers and pensions – defined contributions scheme TOTAL RESOURCES EXPENDED NET INCOME	2023 £ 402,970 402,970 5,380 6,135 194,116 205,631 608,601 3,159 2,474 6,731 2,469 660 6,021 5,201 1,766 51,886 8,582 34,930 5,669 1,130 11,697 1,324 6,266 3,853 416 4,858 11,204 342 112 4,692 10,638 - 312,970 21,803 2,664 523,517 85,084	2022 £ 353,667 353,667 - 6,467 114,799	2022 £ 353,667 353,667 - 6,467 114,799
		121,266 474,933 3,666 1,992 2,130 2,196 492 2,822 6,718 860 37,279 6,256 17,520 5,848 408 8,781 5,332 2,472 2,440 398 8,193 5,679 184 407 1,773 13,088 (8,293) 258,189 14,096 2,831
		403,757
			71,176

10