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
**INCOMING**RESOURCES
**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