Friends of Homecare
Friends of Homecare
(A Charitable Incorporated Organisation)
Report and Financial Statements
For the Period
21 December 2022 to 31 March 2024
Charity Number 12101434
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Friends of Homecare
Charity Information
Trustees:
Julian McInerney Geraldene Ethell Simon Osborne Kendal Braddock Laura Farnworth Janet Bennett Kenneth Deary
Charity Number:
1201434
Registered Office:
4B Burlington House Crosby Road North Waterloo Liverpool L22 0PJ
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Friends of Homecare
Contents
| Pages | ||
|---|---|---|
| **1. ** | Trustees annual report | 4-6 |
| **2. ** | Statement of fnancial activities | 7 |
| **3. ** | Balance sheet | 8 |
| **4. ** | Notes to the accounts | 9-11 |
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Friends of Homecare
Trustees’ Annual report (including Directors’ report) for the period 21 December 2022 to 31 March 2024
Objectives and Activities:
The objectives of the charity are:
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a) For the public benefit, to relieve financial hardship and poor mental and physical health barriers amongst individuals who deliver home based care for elderly, disabled or other vulnerable individuals based in the UK to ensure the continued provision of care, in particular but not exclusively by (a) the provision of grants to caregivers and (b) the provision of advice and guidance to relieve such barriers.
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b) For the public benefit, to relieve financial hardship, poor mental and physical health, technological barriers and isolation amongst elderly, disabled or other vulnerable individuals based in the UK to enable the accessibility of homebased care, in particular but not exclusively by (a) the provision of grants directly to non-commercial organisations that support them and (b) the provision of advice and guidance to relieve such barriers.
The Charity Trustees are keen to support activities that advance the Objects in an effective way. However, they recognise that a limited amount of funds is available to distribute each year. The Charity Trustees' current funding priorities are to:
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(a) relieve financial hardship for recipients of homebased care by a) the provision of grants directly to the non-commercial organisations that support them and (b) the provision of advice and guidance to relieve such barriers
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(b) relieve financial hardship for individuals who deliver homebased care services by (a) the provision of grants to caregivers (b) the provision of advice and guidance to relieve such barriers
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(c) improve the health and well-being of recipients of homebased care by a) the provision of grants directly to the non-commercial organisations that support them and (b) the provision of advice and guidance to relieve such barriers
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(d) improve the health and wellbeing of individuals who deliver homebased care services by (a) the provision of grants to caregivers (b) the provision of advice and guidance to relieve such barriers
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(e) address digital exclusion and provide life improving technologies to recipients of homebased care services by a) the provision of grants directly to the noncommercial organisations that support them and (b) the provision of advice and guidance to relieve such barriers
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(f) tackle isolation in recipients of homebased care services by (a) the provision of grants directly to the non-commercial organisations that support recipients
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Friends of Homecare
of homebased care services; and (b) the provision of advice and guidance to relieve such barriers.
During the year the main activity carried out was the holding of a Charity Golf Day. Following on from the success of this event it is envisaged that this will become an annual event.
Achievements and Performance:
The charity is still in its initial stages and as such is still accumulating funds to distribute in the forms of grants.
Financial Review:
The charity generated unrestricted distributable funds of £502.
Structure, Governance and Management:
The organisation is a charitable incorporated organisation and was registered as a charity on 22 December 2022. In the event of the CIO being wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
Charity trustees are responsible for the managing the affairs of the CIO. It is the duty of each charity trustee to carry out their duty in good faith to further the purposes of the CIO. They are expected to exercise reasonable care and skill in circumstances having regard in particular to any specialist knowledge or experience that he or she holds himself or herself out as having.
There must be a minimum of 4 and a maximum of 8 charity trustees. Apert from the first charity trustees, charity trustees must be appointed for a term of 3 years by a resolution passed at a convened charity trustee meeting. Trustees can be reappointed for an unlimited number of consecutive terms.
The charity trustees that served during the period are:
Julian McInerney Geraldene Ethell Simon Osborne Kendal Braddock Laura Farnworth Janet Bennett Kenneth Deary
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Friends of Homecare
Declarations:
The company has taken advantage of the small companies’ exemption in preparing the report above.
The trustees declare that they have approved the trustees’ report (including directors’ report) above
Signed on behalf of the charity’ s trustees/directors
Signature:
Full name: Kenneth Deary
Position: Trustee
Date: 30 January 2025
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Friends of Homecare
Statement of financial activities (including summary income and expenditure account) for the period ending 31 March 2024
| Unrestricted | ||
|---|---|---|
| funds | ||
| Note | £ | |
| Income | 3 | |
| Income and endowments from: | ||
| Donations and legacies | 1,666 | |
| Charitable activities | 9,921 | |
| Total | 11,587 | |
| Expenditure | 4 | |
| Expenditure on: | ||
| Other costs | 7,125 | |
| Total | 7,125 | |
| Net income | 4,462 |
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Friends of Homecare
Balance sheet As at 31 March 2024
| Unrestricted | ||
|---|---|---|
| funds | ||
| Current Assets | Note | £ |
| Debtors | 5 | 4,543 |
| Total Current Assets | 4,543 | |
| Creditors: amounts falling due | ||
| within one year | 6 | 81 |
| Total net assets | 4,462 | |
| Funds of the Charity | 7 | |
| Unrestricted funds | 4,462 | |
| Total net assets | 4,462 |
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
Signed on behalf of all the trustees/directors:
Name: Kenneth Deary
Dated: 30 January 2025
Signature of director authenticating account being sent to
Companies House:
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Friends of Homecare
Name:
Dated:
Notes to the Account
1. Basis of preparation
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
• the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
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the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
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and with the Charities Act 2011.
2. Accounting Policies
Recognition of income
These are included in the Statement of Financial Activities (SoFA) when:
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the charity becomes entitled to the resources;
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it is more likely than not that the trustees will receive the resources;
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the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
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Friends of Homecare
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
3. Income
| Unrestricted | |
|---|---|
| Funds | |
| Donations and legacies: | |
| Donations and gifts | 1,666 |
| Other | 0 |
| 1,666 | |
| Charitable activities: | |
| Annual golf day | 9,921 |
| Other | 0 |
| 9,921 | |
| Total Income | 11,587 |
4. Expenditure
| Unrestricted | |
|---|---|
| Funds | |
| Other Costs: | |
| Golf Day | 6,112 |
| Computer software and support | 409 |
| Legal fees | 604 |
| 7,125 |
5. Debtors and Prepayments
| Analysis of Debtors: | |
|---|---|
| Trade debtors | 583 |
| Prepayments | 3,960 |
| 4,543 |
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Friends of Homecare
6. Creditors and Accruals
| Amounts falling due within one year: | |
|---|---|
| Trade creditors | 0 |
| Other | 81 |
| 81 |
7. Charity Funds
| Fund Name |
Type | Purpose and Restrictions |
Income | Expenses | Carried forward |
|---|---|---|---|---|---|
| General care fund |
Unrestricted fund |
The provision of grants to caregivers and non- commercial organisations |
11,587 | (7,125) | 4,462 |
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