The Royal Surgical Aid Society
Operating as Dementia Carers Count
Company No. 00515174 (England and Wales) Charity
Registered in England and Wales (no 216613)
And in Scotland (SC051929)
Trustees. annual report and financial
statements for the year ended 31 December
2023

The Royal Surgical Aid Society- operating as Dementia Carers Count
Contents Page
For the Year to 31 December 2023
Contents page
Contents page...............................................................................................................................
Company information....................................................................................................................
Trustees annual report..................................................................................................................
Independent auditor's report to the members of the Royal Surgical Aid Society -
li
Financial statements.................................................................................................................... 15

The Royal Surgical Aid Society- operating as Dementia Carers Count
Company Information
For the Year to 31 December 2023
Company information
Registered name..
The Royal Surgical Aid s￿Iety
Operating name..
Dementia Carers Count
Trustees and Board of Dirertors:
Catherine A'Bear {chair)
Raja Badrakalimuthu
William Burnand (resigned 6 October 2023)
Dean Cassar
Julie Flower
David GocKJridge
Gaynor Hillier
Haider Husain (resgned 31 January 2024}
Liz Jones
Timothy Wells
&Hlly-AnrE TsarKJarits (ap￿Inted 17 May 2023)
Chief Executive Officer..
Mdanie BLinW (Interim CEO until June 2023)
FrarKES Lawren￿ (aptKint&i 19 June 2023)
Company Secretary:
Tun E*y 13 &ptemter 2023)
WatterTan {from 13 Septrmter 2023 to 29 Fe&nJary 2024)
LaJi* Pr(6%er (aprKJinted 29 Fetnjary 2024)
Registered Offi￿.
CAN Mezzanine
7-14 Great Dover Street, London, SEI 4YR
Auditors=
WMT Chartered Accountants
4 Beaconsfield Road, St Albans, ALI 3RD
Bankers:
Barclays Bank PLC
I Churchill Place, London, E14 5HP
Investment Managers..
Sarasin and Partners LLP
Juxon House, 11 St. Paul's Churchyard, London,
EC4M 8BU
Company numLEr'.
00515174
Charity numbers:
216613.. Charity Commission, England and Wales
SC051929'. Office of the Scottish Charity Regulator
Website:
www.dementiacarers.or
.uk

The Royal Surgical Aid Society- operating as Dementia Carers Count
Trustees, Annual Report
For the Year to 31 December 2023
Trustees annual report
Governance and structure
The Trustees have pleasure in presenting their report and the audited financial statements of the Royal
Surgical Aid Society for the year ended 31 December 2023. The accounts have been prepared in
accordance with the Companies Act 2006, the accounting policies as disclosed in the notes and the
charity's governing document. The Trustees have adopted the provisions of the Statement of
Recommended Practice "Accounting and Reporting by Charities" ("FR5 102 SORP" {second edition)) in
preparing the annual rewrt and financial statements of The Royal Suryical Aid Society.
The Royal Surgical Aid Society {operating as Dementia Carers Count) (the "charity" DCC" or "we") is
registered as a company limited by guarantee and governed by its articles of association. The articles we
last amended on 6 July 2022. Trustees art as trustees under applicable Charity law and as director5 under
applicable company law. It is a charity registered with the Charity Commission, number 216613 and the
Scotbsh Regulator, number SC051929. The Trustees, Report also represents the dirertors, report required
by Company Law.
The articles dictste that anyone acting as a trustee of the charity is also a member of the charity for
the duration of their trusteeship. While the charity's articles allow for members who are not trustees, for
the time being trustees are the only members.
The trustees are responsible for the overall strategy and direction of the charity. The day to day running
of the charity is delegated to the Chief Executive OffI￿r and the Senior Leadership Team. There is one
subsidiary company, which was inactive during the period.
Trustees
Trustees are recruited through open-source adverts and independent search proce¥es, supported by
external recruitment advisors, after job descriptions are prepared. These are informed by a sknlls-audit of
the existing board. Trustees are apwinted by a majority vote at a meeting of the board.
All new trustees are offered a 'buddy' to assist their induction. Trustees have acCL￿S to our Governance
Handbook and to training where required. All trustee5 have committed to engaging with the Carers
Advisory Panel.
Carers. advisory panel
The Carers, Advisory Panel advises and guides us on our strategy and operational development. Made
up of current or former carers, the Carers, Advisory Panel offers us real-life experience and perspective,
so that we can fine tune our services and ensure we offer the best POS5ible services to family carers of
people with dementia.
We are honoured that the Carers, Advisory Panel offers us their expertise, knowledge and wisdom.
Volunteers
In addition to the Carers, Advisory Panel and TrLJStees- all of whom are volunteers - we also benefit from
the support of volunteers who raise money and awareness for the charity through formal and informal
fundraising, community events and promotion of services.
Senior staff and pay policy
Fran￿S Lawren￿ was appointed permanent CEO in June 2023, replacing the interim CEO. Senior
management are remunerated in line with sector benchmarks.

The Royal Surgical Aid Society- operating as Dementia Carers Count
Trustees, Annual Report
For the Year to 31 December 2023
Public benefit
The trustees have considered the Charity Commission's general guidance on public benefit, including
its guidance'public Benefit.. Running A Charity (PB2)" when reviewing the charity's aim and objectives
and planning future activities. We aim to structure our business m￿le1 so that we can fully fulfil our
charitsble purpose and make our services accessible to those who will benefit from them.
Equity, diversity & inclusio
DCC remains committed to equity, diversity and inclusion and recognises the importance of making its
services aCCe￿Ible and relevant to all, as well as having a diverse and inclusive workfortr. You can ￿ad
more about diversity, inclusion and belonging at DCC on our website.
History
The Royal Surgical Aid Society (RSAS) was established in 1862 to provide surgical aids for the p)or,
funded through subscriptions from philanthropists and industrialists who referred their workforce to the
charity. The advent of the NHS meant that the state took responsibility for the provision of such servi￿.
In the early 1950s, the trustees took the opportunity to divert the charity's investments to promde
care homes for older people.
In 2012, at the charity's 150th anniversary, our tx)ard agreed that our future focus should be on
supporting family carers of people with dementia. This decision emerged from the findings from several
commissioned ple￿5 of research to advise on the state of services for our aging population.
In June 2018, Dementia Carers Count was adopted as the working name for the Royal Surgical Aid
society to reflect this renewed mission and pU￿oSe. The purposes of the charity as set out in its
governing document are..
the relief of need and the promotson of health and pvellbeing among persons affected by
dementia and other degenerative neurological disorders including G8rers of people with
dementia andsuch disorders, their families andfriends particularlybut not 2¥clusively by..
providing educabon and skills training advice and infonnation, support and
therapeuticservi￿s to such persons,.
adv3nong research into the needs ofsuch persons. 3nd
exploiting the useful results of such research to enhance the quality of life ofsuch
persons and improve the sUPPOrtandother SeThi￿5 available to them.
Wision, mission and strategy
Ision
To empower families living with dementia to feel confident, SLJPPOrted, and heard.
Mission
To fill the gap in support for families living with dementia,. listening, supporting and making a
tangible difference to their lives. Through our programme of insight work, policy & campaigning, we
work to better understand and support family carers, needs. In turn, we design services that are
accessible to each and every family dementia carer, connecting them with our health and care
professionals, as well as with other ca￿r$.
strategy
During 2023, the new CEO, alongside the tsjard and senior management embarked on a review of the
organisational strategy. The previous objectives were approved in November 2021, during a period of
significant organisational and societal change, and it was fitting to review these with the arrival of the new
CEO, to ensure that they reflected updated evidence from carers on their needs and desires.
The finalised strategy - an output of this review - was signed off by the Board in Q2 2024.

The Royal Surgical Aid Society- operating as Dementia Carers Count
Trustees, Annual Report
For the Year to 31 December 2023
Activities and achievements in 2023
2023 has been a year of reflecbon, after 24 months of delivering on the strategic objettives. Highlights for
the year include:
Pilot of a Carers, Support ￿ne offering free and confidential one to one practical, emotional and
financial support and advice to over 250 carers
Completed a survey of over 1,200 dementia carers to gather evidence on their needs, that will
inform our work and policy positions
Secured £55k income through our commissioned services
Continued to deliver support to carers through more informal and engaging live social media
content, including Facebook ￿ve
Recruited a permanent new Chief Executive, and began the process of refocusing the
organisation's strategic objectives around carers, needs
Recruited one new trustee
Plans for the future
In 2024, DCC will finalise its new strategy, responding to what carers tell us they want and need and
ensuring the ongoing effectiveness of the charity. Three priority areas for focus are..
Support for carers
Expanding our Carer Support Services, including the free telephone line, and exploring formats and timings
for all our services, to ensure they reach as broad a range of carers as possible. We will invest time in
listening to ca￿r5, as well as finding ways to measure and explain the difference our work make5.
Campaigning
Using the eviden￿ gathered from carers, we will look to develop our policy and campaigning activity, so
that we work alongside carers to campaign on the issues that matter to them.
Financial sustainability & efficiency
Investing in making our income sustainable: we will look to develop our value proposition and products,
achieving over £300k of income from fundraising and commercial sales of services in 2024.
Income Generation
The fundraising environment is still challenging for many charities, with less disposable income in
households, driven by an inflation-based cost of living increase, as well as giving fatigue post Covid and
Ukraine crises. In 2023, Dementia Carers Count raised £146k in donations, grants and commercial activity-
Additionally, delays to the delivery of our commercial products meant that experted gains from investment
in income generation approved in 2022 were not fully realised. Although we did sell training services to
companies and other organisations, this income stream requires further refinement in 2024 to ensure that
it generates the required surplus to fund the charitable activities of Dementia Carers Count.
We are members of the Fundraising Regulator and follow their Code of Fundraising Practice. No complaints
were received in respect of the charity's fundraising operations in the year.
Safeguarding policy statement
Dementia Carers Count is committed to safeguarding vulnerable people in line with national legislation and
guidance. We are committed to best safeguarding practice across our operations, and this extends to
recognising and reporting harm experienced within the workplace, online, in people's homes or through our
community engagement, patherships, or wider business activities. DCC is committed to creating a culture
of zero-tolerance of harm to everyone who works for, or comes into contact with, the charity. We refreshed
our Safeguarding policy and prO￿dureS at the beginning of 2023 with external expertise, providing in
person training to all staff and trustees.

The Royal Surgical Aid Society- operating as Dementia Carers Count
Trustees, Annual Report
For the Year to 31 December 2023
Policy Statement
DCC believes everyone has the right to live free from abuse or neglect regardless of age, ability
or disability, sex, race, religion, ethnic origin, sexual orientation, socio-economic, maritsl or
gender status.
DCC is committed to creating and maintaining a safe and positive environment and an open,
listening culture where people feel able to share concerns withoLJt fear of retribution.
DCC acknowledges that safeguarding is everybody's resEK)nsibility and is committed to prevent
abuse, including neglect through safeguarding the welfare of everyone working with, or
connerted to, the charity.
DCC recognises that health, well-being, ability, disability and need for care and support can affect
a person's resilience. We recognise that some people experien￿ barriers, for example, to
communication in raising concerns or seeking help. We recognise that these factors can vary at
different points in people's lives.
DCC recognises that there is a legal framework within which we need to work to safeguard adults
who have needs for care and support and for protetting those who are unable to take attion to
protect themselves. We will always act in accordance with the relevant safeguarding legislation
and follow local statutory safeguarding procedures.
Actions taken by DCC will be consistent with the principles of safeguarding ensuring that any
artion taken is prompt, proportionate and that it includes and respects the voice of the
individualls concerned.
Financial Review
The charity is in a strong financial POSTtion as at 315t De￿mber 2023, with net assets of £6,069k (2022 -
£7,305k). Income from donations, grants, legacies and the delivery of charitsble artivities through
commissions and commercial work, together with income from inv￿tments supported the operations of the
charity during the year. Total expenditure was £1,939k (2022 - £1,679k), used to invest in service delivery
and development and income generation to prepare for planned growth in future years. The overall deficit
for the year was £1,236k (2022 - £2,477k).
Our strategy and financial model reflect our ambition in achieving our purpose. ReseNes are being used to
invest in the seNices we are able to offer to carers, while growing our income. Since our inception as DCC,
trustees have tsken a strategic decision to spend down rese￿e5 arsd are doing so in a managed way.
Reserves
In 2012 the charity was running care homes and operating as Agecare. In that year the trustees
decided to sell all of these homes and embark on a new direction, providing services to family carers
of those living with dementia. This new venture was to be financed by the proceeds of the sale of
care homes. It is the trustees, policy that the funds be invested in these services so as to provide
long term financial sustainability for the charity.
Total funds held at 31st December 2023 were £6,069k, of which £3k We￿ ￿$triCted. The trustees
have designated £2,995k for the following purposes..
£ 1,721k - Service Delivery and Development- to support the consistent delivery of DCC'S
Servi￿ and to invest in this service to improve reach and impart.
£623k - Income Generation to allow investment in income generation attivities until such a
time as those activities cover their costs.
£651k - Influencing to support our work to understand and raise the challenges that
dementia carers face.

The Royal Surgical Aid Society- operating as Dementia Carers Count
Trustees, Annual Report
For the Year to 31 December 2023
The financial model for the 5 years to December 2028 shows a planned deficit each year as DCC invests in
Se￿ice Delivery and Development, Income Generation and Influencing. A steady growth in income through
investment in income generation will see the deficit reduce year on year, with sufficient reseNes remaining
to ensure the future sustsinability of the organisation.
Investments
Under the Memorandum and Articles of Association, the charity has the power to make any investment
that the trustees see fit, after obtaining advice from a financial expert. The current policy of the DCC is
to invest long term funds with the aim of achieving growth in excess of inflation, while holding shorter
term funds with minimal risk, to meet cashflow requirements.
Investment performance and strategies are reviewed at the Finance, Audit and Risk Committee, and
Board meetings, and the investment policy reviewed at least annually.
As at 3151 December 2023, the charity has £3,238k of its total £4,426k investments in the Sarasin
Endowments Fund.
Key Risks and Un￿rtaIntieS
The Finance, Audit and Risk Committee is responsible for considering the strategic risk management
framework for the organisation, reporting ex￿ptionS to the Board. The risk register is reviewed on a
quarterfy basis, alongside measures that are in place to mitigate these risks and the impact they could have
on the organi5ation achieving its strategy.

The Royal Surgical Aid Society- operating as Dementia Carers Count
Trustees, Annual Report
For the Year to 31 December 2023
statement of trustee responsibilities
The trustees (who are also the directors for the purpose of company law) are responsible for
preparing the Annual RepK)rt and the financial statements in accordance with applicable law and
regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under that
law the trustees must prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under
company law the trustees 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 charitsble company and of the incoming
resources and application of ￿Our￿, including the income and expenditure, of the charitable
company for that period.
In preparing these financial statements, the trustees are required to=
select suitable accounting policies and then apply them consistently;
bl
observe the methods and principles in the Charities SORP.
make judgments and accounting estimates that are reasonable and prudent.
dl
state whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial ststements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue to operate.
The trustees are responsible for keeping adequate accounting records that are sufFicient to show and
explain the charitable company's transartions and disclose with reasonable accuracy at any time the
financial position of the charitable company and enable them to ensure that the financial statements
comply with the Companies Att 2006. They are also responsible for safeguarding the assets of the
company and hence for tsking reasonable steps for the prevention and detection of fraud and other
irregularities.
The trustees are responsible for the rnaintenan￿ and integrity of the corwrate and financial
infom)ation included on the charitsble company's website. Legislation in the United Kingdom
governing the preparation and dissemination of financial statements may differ from legislation in
other jurisdirtions.
The trustees confirm that so far as they are aware, there is no relevant audit information (as defined
by section 418(3) of the Companies Act 2006) of which the charitsble company's auditors are
unaware. They have tsken all the steps that they ought to have taken as trustees in order to make
themselves aware of any relevant audit information and to establish that the charitable company's
auditors are aware of that infomiation.

The Royal Surgical Aid Society- operating as Dementia Carers Count
Trustees, Annual Report
For the Year to 31 December 2023
Signature
This report has been prepared in accordance with the special provisions relating to small companies
within part 15 of the Companies Act 2006.
The trustees, Annual Report was approved by the board of trustees and signed on its behalf by..
Signature
ate
0911312024
Name / POS￿10n.
David Goodridge l Trust
io

The Royal Surgical Aid Society- operating as Dementia Carers Count
Auditorfs annual report
For the Year to 31 December 2023
Independent auditor's report to the members of the Royal Suryical Aid Society
Opinio
We have audited the financial statements of The Royal Surgical Aid Society {'the charitable companyj
for the year ended 31 De￿mber 2023 which comprise the Statement of Financial Activities
(incorporating the Summary Income and Expenditure Account), the Balan￿ Sheet, the Cash Flow
Statement and notes to the financial statements, including a summary of significant accounting policies.
The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting
Standard applicable in the UK and Republic of Ireland (United Kingdom Generally AC￿pted Accounting
Practice).
In our opinion the financial statements..
give a true and fair view of the stste of the charitable company's affairs as at 31 De￿mber
2023 and of the incoming resources and application of resour￿$, including its income and
expenditure, for the year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Prattice,. and
have been prepared in accordance with the Companies Act 2006 and the Charities and Trustee
Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland)
Regulations 2006.
Basis for opinion
We condurted our audit in accordan￿ with International Stsndards on Auditing (UK) (ISAs(UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditorfs
Responsibilities for the oudit of the financial statements section of our report. We are independent of
the charitsble company in accordan￿ with the ethical requirements that are relevant to our audit of
the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other
ethical responsibilities in accordance with these requirements. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going con￿rn
basis of accounting in the preparation of the financial ststements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collertively, may cast significant doubt on the charitable
company's ability to continue as a going concern for a period of at least ￿e1ve months from when the
financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in
the relevant settions of this report.
Other information
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly ststed in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other
li

The Royal Surgical Aid Society- operating as Dementia Carers Count
Auditorfs annual report
For the Year to 31 December 2023
infomiation is materially inconsistent with the financial statements or our knowledge obtsined in the
course of the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misststements, we are required to determine whether there is a
material misstatement in the financial statements themselves. If, based on the work we have
performed, we conclude that there is a material misststement of this other information, we are required
to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, annual report for the financial year for which the
financial statements are prepared is consistent with the financial statements,. and
the trustees, annual report have been prepared in accordan￿ with applicable legal
requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitsble company and its environment
obtained in the course of the audit, we have not identified material misstatements in the trust￿,
annual report.
We have nothing to report in respect of the following matters Whe￿ the Companies Act 2006 and the
Charities Accounts (Scotland) Regulations 2006 require us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not
been received from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns. or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit. or
the trustees were not entiued to prepare the financial statements in accordance with the
small companies regime and take advantage of the small companies exemption in preparing
the trustees, annual report and from preparing a strategic report.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities Statement set out on page 11, the trustees (who
are also the directors of the charitsble company for the purposes of company law) are responsible for
the preparation of the financial statements and for being satisfied that they give a twe and fair view,
and for such internal control as the trustees determine is ne￿sSary to enable the p￿paratIOn of
financial ststements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are restx)nsible for assessing the charitable
company's ability to continue as a going concern, disclosing, as applicable, matters related to going
con￿rn and using the going concern basis of accounting unless the trustees either intend to liquidate
the charitable company or to cease operations, or have no realistic altemative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtsin reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor'5 report
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee
that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it
12

The Royal Surgical Aid Society- operating as Dementia Carers Count
Auditorfs annual report
For the Year to 31 December 2023
exists. Misstatements can arise from fraud or error and are considered material if, individually or in
aggregate, they could reasonably be experted to Influen￿ the economic decisions of users tsken on
the basis of these financial statements.
As part of an audit in accordance with ISAS (UK) we exercise professional judgement and maintsin
professional scepticism throughout the audit. We also..
Identify and assess the risks of material misstatement of the financial statements, whether due
to fraud or error, design and perform audit procedures responsive to those risks, and obtain
audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of
not detecting a material misstatement resulting from fraud is higher than for one resulting from
error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the
override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design aud
procedures that are appropriate in the circumstances, but not for the purposes of expressing
an opinion on the effectiveness of the charitsble company's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the apprOpriaten￿S of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtsined, whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the charitsble company's ability to
continue as a going concern. If we conclude that a material uncertainty exists, we are required
to draw attention in our auditor's report to the related disclosures in the financial ststements or,
if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the
udit evidence obtained up to the date of our auditor's report. However, future events or
conditions may cause the charitsble company to cease to continue as a going COn￿rn.
Evaluate the overall presentation, strutture and content of the financial statements, including
the disclosures, and whether the financial ststements represent the underlying transartions
and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
Explanation as to what extent the audit was considered capable of detecting irregularities,
including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misststements in respect
of irregularities, including fraud. The extent to which our pr(wlures are capable of deterting
irregularities, including fraud is detailed below.
Discussions with and enquiries of management and those charged with governance were held with a
view to identifying those laws and regulations that could be experted to have a material impact on the
financial ststements. During the engagement team briefing, the outcomes of these discussions and
enquiries were shared with the team, as well as consideration as to where and how fraud may ￿cur in
the entity.
The following laws and regulations We￿ identified as being of Significan￿ to the entity..
Those laws and regulations considered to have a direct effect on the financial statements
include UK financial reporting standards, Company Law, Tax and Pensions legislation, and the
Charity SORP.
Those laws and regulations for which non-compliance may be fundamental to the operating
13

The Royal Surgical Aid Society- operating as Dementia Carers Count
Auditorfs annual report
For the Year to 31 December 2023
aspects of the business and therefore may have a material effect on the financial statements
include health and safety legislation, employment law and data protection.
Audit procedures undertaken in response to the potential risks relating to irregularities (which include
fraud and non-complian￿ with laws and regulations) comprised of.. inquiries of management and those
charged with governan￿ as to whether the entity complies with such laws and regulations; enquiries
with the same Con￿rning any actual or potenb.al litigation or claims. inspection of relevant legal
corresEK)ndence,' rewew of board minutes. testing the appropriateness of journal entries; and the
performance of analytical review to identify unexpected movements in account balances which may be
indicative of fraud.
No instances of material non-complian￿ were identified. However, the likelihood of deterting
irregularities, including fraud, is limited by the inherent difficulty in deterting irregularities, the
effettiveness of the entity's controls, and the nature, timing and extent of the audit procedures
performed. Irregularities that result from fraud might be inherendy more difficult tri detett than
irregularities that result from error. ￿ explained above, there is an unavoidable risk that material
misstatements may not be deterted, even though the audit has been planned and performed in
accordance with ISAS (UK).
Use of our report
This report is made solely to the charitable company's members, as a body, in accordan￿ with Chapter
3 of Part 16 of the Companies Art 2006, and to the charitsble company's trustees, as a body, in
accordance with Regulation 10 of the Charities Accounts {Scotland) Regulations 2006. Our audit work
has been undertaken so that we might state to the charitsble company's members and trustees those
matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility to any paty other than the
charitable company, the charitable company's members as a body and the charitable company's
trustees as a body, for our audit work, for this report, or for the opinions we have formed.
0911612024
Elizabeth Wicks (Senior Statutory Auditor)
Date
for and on behalf of wwr
Chartered Accountants & Ststutory Auditors
4 Beaconsfield Road, St Albans, Hertfordshire, ALI 3RD
WMT is eligible to act as auditor in temis of 5ecbon 1212 of the Companies Act 2006.
14

The Royal Surgical Aid Society- operating as
Dementia Carers Count
Statement of Financial Activities
(incorporating income and expenditure account)
for the year ended 31 December 2023
Unrestricted Restricted
Funds
Funds
£'OOO$
£'OOOs
Total
2023
£'OOOs
Total
2022
£'OOOs
Note
Income and Endowments:
t)onations and legacies
Income from Charitable Artimties
InV￿trnent income
89
67
220
57
146
67
220
63
235
Totsl Income
376
57
433
Expenditure:
Raising Funds
22
711
526
Charitable activities
Se￿1￿ Development and delivery
1,169
59
1,228
1,153
Totsl Expenditure
1,858
81
1,939
1,679
Net gains on investments
12
270
270
(1,144)
Net Expenditure
(1,212)
(24)
(1,236)
(1477)
Gros5 transfer5 between funds
Net movement in funds
(1,212)
(24)
(1,236)
(1477)
Total funds brought forward
16
7,278
27
7,305
9,782
Totsl funds carried fO￿ard
16
6,066
6,069
7,305
All amounts ￿ported relate to continuing activities.
All recognised gains and losses are included in the Statement of Financial Activities.
The notes at pages 18 to 30 ftirm part of these accounts
15

The Royal Surgical Aid Society- operating as
Dementia Carers Count
Balance Sheet
as at 31 December 2023
Nrte
2023
£'OOOs
2023
£'OOOs
2022
£'OOOs
2022
£'OOOs
Fixed Assets
Intangible fixed assets
Tangible fixed assets
Investments
io
li
12
io
4,426
4,436
18
6,344
6,362
Current Assets
Debtors
Cash at bank and in hand
13
45
1,684
1,729
26
1,043
1,069
Creditors: Amounts
Falling due within one
year
14
(96)
(126)
Net Current Assets
1,633
943
Net Assets
6,069
7,305
Funds
Unrestritted Funds..
Designated fijnds
General fund
16
16
2,995
3,071
4,385
2,893
Restritted Funds..
16
27
Total Funds
17
6,069
7,305
These financial ststements are prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating to small companies.
The notes at pages 18 to 30 form part of these accounts
Approved and authorised by the Board and signed on their behalf by..
0911312024
Name..
Catherine A'Bear
Company number.. 00515174
16

The Royal Surgical Aid Society- operating as
Dementia Carers Count
Statement of Cashflows
for the year ended 31 December 2023
2023
£'OOOs
2022
£'OOOs
Cash generated from operating activities
Net cash provided by operating artivities
21
(1,767)
(1,521)
Cash flows from investing activities
Investment income received
Purchase of property, plant and equipment
Additions of investments
Disposal proceeds of investments
220
235
{15)
(1,442)
3,461
(412)
2,600
Net cash provided by / (used in) investing activities
2,408
2,239
Change in cash and cash equivalents in the reporting
period
641
718
Cash and cash equivalents at the beginning of the reporting
period
1,043
325
Cash and cash equivalents at the end of the reporting
period
1,684
1,043
Analysis of cash and cash equivalents
2023
£'OOOs
2022
£'OOOs
Cash at bank and in hand
Short term Deposits
159
1,525
291
752
Total cash and cash equivalents
1,684
1,043
Analysis of changes in net debt
01-Jan-23 Cash Flows
£'OOOs
£'OOOs
31-Dec-23
£'OOOs
Cash
1,043
641
1,684
Loans falling due within one year
Loans falling due after more than one year
1,043
641
1,684
17

The Royal Surgical Aid Society- operating as Dementia Carers Count
Notes to the Financial Statements
For the Year to 31 December 2023
l Accounting Policies
Company Inforniatlon
The Royal Surgical Aid Society is a private company limited by guarantee incorporated in England
and Wales under the Companies Act 2006. The address of the registered office is CAN Mezzanine,
7-14 Great Dover Street, London, SEI 4YR. The nature of the company's operations in the year are
stated in the Trustees, Report. The company's registration number is 00515174.
Basis of Accounting
These financial statements have been prepared on a going concern basis, under the historical cost
convention modified for investments which are accounted for at market value.
The financial statements have been prepared in sterling, which is the functional currency of the
entity. Monetsry amounts in these financial ststements are rounded to the nearest £1,000.
The financial statements of the charitable company have been prepared in accordance with the
Financial ReEK)rbng Stsndard applicable in the UK and Republic of Ireland {FR5102). The
charitable company is a public benefit entity for the purposes of FRS102 and a registered charity
established as a company limited by guarantee and therefore has also prepared its financial
statements in accordance with the Ststement of Recommended Pracb"ce applicable to charities
preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK
and Republic of Ireland (The FRS102 Charities SORP), the Companies Act 2006 and the Charities
Act 2011.
The Trustees have assessed whether the use of the going concern basis is appropriate and have
considered rK)ssible events or conditions that might cast significant doubt on the ability of the
charitable company to continue as a going concern. Based on the reserves held, the operating
model, an assessment of risks, and forward looking budgets, the Trustees are comfortable that the
charity is adequately resourced to continue in operation for the foreseeable future. At the date of
sign off, the Trustees confirm there are no material uncertainties in relation to the going concern
assumption. The charitsble company therefore continues to adopt the going concern basis in
preparing its financial ststements.
The principal accounting policies adopted in the preparation of the financial statements are set
out below..
Income
All income is recognised in the Statement of Financial Activities once the charity ha5 entitlement
to income, the economic benefit is probable and the amount can be reliably estimated. The
following accounting policies are applied to income..
Donations and Legacies
Legacies and donations are accounted for and recognised when the charity becomes entitled to
them, when the re￿Ipt is probable and when the amount can be measured reliably.
Grant income
Grants are accounted for on a receivables basis, when there is entitlement to the income, it can
be measured reliably and the receipt is probable.
Investment Income
Investment income is accounted for when it becomes receivable.
other Income
Other income is accounted for on an accruals basis.
18

The Royal Surgical Aid Society- operating as Dementia Carers Count
Notes to the Financial Statements
For the Year to 31 December 2023
Expenditure
All expenditure is recognised in the Ststement of Financial Attiwties (SOFA) when the services or
goods have been received by the year end.
Fundraising and Publicity
Fundraising and publicity costs represent expenditure relating to the fundraising department.
Charitable Expenditure and Allocation of Costs
Resour￿5 expended are accounted for on an accruals basis. All costs are allocated between
expense categories in the SOFA on a basis that reflects the use of the resource. Costs relating to
a particular activity are allocated directly, others are apporboned on a direct cost basis.
Governance
Governance costs comprise the cost of running the charity, including external audit, Tnjstees,
legal advice and constitutional and ststutory compliance costs.
Fund Accountlng
The charity maintsins various types of funds as follows:
Unrestricted Funds
General unrestrirted funds represent funds which are expendable at the discretion of the Trustees
in the furtherance of the objects of the charity. such funds may be held in order to finan￿ both
working capital and capital investment.
Designated funds are amounts which have been put aside at the discretion of the Trustees in
order to support the charities long term plans.
Restricted Funds
Restricted funds are funds that are to be used in accordance with specific r￿trICtIonS imposed by
donors or which have been raised by the charity for parbcular purposes. The aim and use of each
restritted fund is set out in note 16.
Operating Leases
Operating lease costs are charged to the statement of financial activities on a straight line basis over
the peri(KJ of the lease. All operating leases were in respert of office and archive space.
Employee beneffts
i. Short term bener
Short term benefits, including holiday pay and other similar non-monetary benefits, are
recognised as an expense in the peri(Kl in which the service is received.
ii. Pension Costs
The Society operates a defined contribution pension scheme. Contributions are charged to the
statement of financial activities in the year in which they fall due. At the year end contributions
totslling £5,884 (2022= £6,347) were outstsnding.
iii. Redundancy and termination costs
Redundancy and termination payments are recognised when the Society is demonstrably
committed to the redundanry or termination and there is a constructive obligation to this course
of action.
Fixed Assets and Depreciation
Fixed assets are included in the financial statements at their cost, less accumulated depreciation.
19

The Royal Surgical Aid Society- operating as Dementia Carers Count
Notes to the Financial Statements
For the Year to 31 December 2023
Depreciation is provided on all other assets to write off the cost or valuation of each asset
over its estimated useful economic life as follows..
Furniture and fitbngs..
Computer equipment
200/0 per annum on a straight line basis
33Wo per annum on a straight line basis
Individual items costing less than £250 are written off as an expense on acquisition.
Intangible Assets and Amortisation
Intangible assets are included in the financial statements at their cost, less accumulated amortisation.
Amortisation is provided on all other assets to write off the cost or valuation of each asset
over its estimated useful economic life as follows..
Systems and software development
330/0 per annum on a straight line basis
Investments
Investments are stated at market value. Dividends, other investment income and interest are
accounted for on a receivable basis. Realised and unrealised gains and losses are shown as 'net
gainsl{losses) on investments, in the Ststement of Financial Activities.
Cash and Cash Equivalents
Cash and cash equivalents include cash and cash at banks and in hand and short term deposits with
a maturity date of three months of less.
Debtors and Creditors
Debtors or creditors re￿1vable or payable within one year of the reporting date are claimed at
their transacb.on pri￿. Debits and credits that are receivable or payable in more than one year
and not SLJbjert to a market rate of interest are measured at the present value of the expected
future receipts or payments discounted at a market rate of interest.
Financial in#ruments
The Company only has financial assets and liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transartion value and
subsequenuy measured at their settlement value with the ex￿ptIOn of bank loans which are
subsequendy measured at amortised cost using the effertive interest method.
Critical accounting estimates and areas of judgement
In preparing financial statements it is necessary to make certain judgements, estimates and
assumptions that affert the amounts recognised in the financial statements. In the view of the
Trustees in applying the accounting policies adopted, no judgements were required that have a
significant effect on the amounts recognised in the financial statements nor do any estimates or
assumptions made carry a significant risk of material adjustment in the next financial year.
2 Donatlons and legades
Unrestricted Restrirted
£'OOOs
£'OOOs
2023
£'OOOs
2022
£'Ol)Os
Legacres
Donations
Grants
38
46
89
38
103
146
20
43
57
57
All of current year and prior year donations and legacy income is unrestricted. Of Grant income rety)rted
above £46k is attributable to unrestricted {2022.' £llk) and £57k attributable to restricted funds12022.'
£32kl
20

The Royal Surgical Aid Society- operating as Dementia Carers Count
Notes to the Financial Statements
For the Year to 31 December 2023
Income from Charitable Activities
Unrestricted Restricted
£'OOOs
£'OOOs
2023
£'OOOs
2022
£'OOOs
Individual and group support to dementia-carers
67
67
67
67
48
48
Investment Income
2023
£'OOOs
2022
£'Ol)Os
UK investment income and bank interest
220
235
220
235
All investment income is derived from quoted investments listed on the London Stock Exchange or unit trusts
which are UK based. All of current year and prior year investment income is attributable to unrestritted funds.
5 Expenditure
Year to 31 December 2023
Staff Costs Other Costs
£'OOOs
£'Ol)Os
Support
2023
Total
£'OOOs
É'OOOS
Charitable activitie5
Service Development & delivery
Cost of generating funds
Finance costs
316
99
813
1,228
Fundraising
Investment rnanagernent f
314
18
14)
14
383
715
{4)
711
314
383
Total expenditure
630
113
1,196
1,939
Year to 31 De￿mber 2022
2022
Total
£'(M)Os
Staff Costs Other Costs Support Costs
£'0005
É'IXIOS
É'OOOS
Charltable actlvltles
SeNice Development & delivery
336
106
711
1,153
Cost of generating funds
Finance costs
Fundraising
Investment rnanagernent f
130
16
334
480
Total expenditure
466
1,045
1,679
The expenditure ￿ptsrted above is attributsble to funds as follows -
2023
£'OOOs
81
1,858
1,939
2022
£'OOOs
Attributsble to restricted funds
Attributable to unrestrirted ftjnds
1,649
1,679
21

The Royal Surgical Aid Society- operating as Dementia Carers Count
Notes to the Financial Statements
For the Year to 31 December 2023
6 Support costs
2023
£'OOOs
659
535
2022
£'OOOs
702
326
17
Wages, salaries and consultants
Other costs
Governance costs
7 stsff Costs
2023
£'OOOs
2022
£'OOOs
Wages and salaries
Social security costs
Pension costs
Other staff costs
945
ioi
36
261
90
26
244
Included within other staff costs are payments made to individuals who are not employees of the
Society but who are contracted for Servi￿5, amounting to £261k (2022- £244k).
Wages and salaries include redundancy costs of £40,912 (2022: £nil).
Analysis of staff employed during the year
Service Development & Delivery
Fundraising
Leadership and central funcbons
Marketing and communications
Average number of staff employed during the year
Of these staff, the number of part time employees, working less than 35
hours per week Is
2023
2022
22
li
Key management personnel
The senior leadership team consists of the CEO and 4 x Directors -. servi￿$, Marketing &
Communications, Development & Income Generation and Finan￿ & Resources.
2023
£'OOOs
432
2022
£'OOOs
377
Total benefits paid to key management personnel
The benefits include salaries, social security and pension contributions, fees paid to personnel acting
in a freelan￿ capacity and fees paid to agencies where interim personnel were engaged through an
intemiediary.
Number of employees that earned In the perlod:
£60,000 - £69,000
£70,000 - £79,000
2023
2022
Retirement benefits totalling £8,087 {2022: £8,115) were paid to a defined contribution scheme on
behalf of the higher paid members of staff disclosed atx)ve.
None of the trustees received remuneration or benefits in 2023 or 2022. Travelling expenses of
£1,253 (2022.. £814) were reimbursed to 5 Trustees (2022- 4). One trustee donated their travel
expenses of £79 (£nil).
22

The Royal Surgical Aid Society- operating as Dementia Carers Count
Notes to the Financial Statements
For the Year to 31 December 2023
8 Net Expenditure
2023
É'OOOS
2022
É'OOOS
Net expenditure for the financial ￿riCKl is ststed after (harging..
Auditor's remuneration {gross of VATI
Aud￿ fe
other services
16
16
Audit fees charged in respect of the auditor were £15,540 (2022.. £14,100). Audit fees paid to the previous auditor were
£nil12022.' £2,060 which related to the 2021 audit). Accountsnq and VAT advisory fee5 paid to the aud￿Or were £6,366
{2022= £nil)- Tax advisory fees paid to the previous auditor were £nil (2022.. £4,130)-
9 Financing Costs
2023
£'OOOs
2022
£'OOOs
Bank charges
10 Intangible Fixed Assets
2023
£'OOOs
Systems
Development
At 1st January 2023
Additions
Disptssals
78
at 31 De￿rnber 2023
Depreciation
At 1st January 2023
Charge for year
Elirninated on disposal
78
As at 31 De￿mI￿r 2023
78
Net Book Value
At 1st January 2023
As at 31 De￿mI￿r 2023
Intangible assets represent costs associated to the development of DCC Website (CMSI and Customer
Relationship Managernent Systems.
11 Tangible Fixed Assets
2023
£'OOOs
Computer
Equipment
Cost
At 1st January 2023
Add￿On5
DisrM)sals
As at 31 December 2023
Depreciation
At 1st January 2023
Charge for year
Elimination on disrM)sals
As at 31 December 2023
Net Book Value
36
35
18
(i)
25
At 1st January 2023
As at 31 December 2023
18
io
23

The Royal Surgical Aid Society- operating as Dementia Carers Count
Notes to the Financial Statements
For the Year to 31 December 2023
12 Investments
2023
£'OOOs
2022
£'OOOs
Total Investments
Market value at l January
Acquisitions at cost
Disposals
Revaluations
6,344
412
(2,600)
270
9,507
I,H2
(3,461)
(1,144)
Market value at 31 December
4,426
6,344
2023
£'OOOs
3,958
Units
2022
£'OOOs
5,909
Units
Historical cost of investments at 31 December
Investments representing more than 50kn of holding are as follows..
Sarasin Income and Reserves Fund Class A Inc
5arasin Endowments Fund Class A Inc
620,986
3,237,838
176,360
5,518,540
At 31 December 2023 the charity held IOOO/o of the issued share capital of RSAS Trading Limited,
an unquoted investment, the cost of which is £1. The company was dormant in 2023 and 2022. It
is incorporated in England and Wales. At 31 tkcember 2023, the aggregate capital and reserves of
RSAS Trading Limited were £1 (2022.. £1)
13 Debtors
2023
£'OOOs
2022
£'OOOs
other debtors
Prepayments and accrued income
41
22
26
45
14 Creditors: Amounts falling due within one year
2,023
£'OOOs
30
2022
£'OOOs
Trade creditors
Pension contributions unpaid
Social security and other taxes
Accruals and other creditors
24
36
24
96
126
Deferred income of £3,960 {2022'. £1,343) is included in accruals which relates to income from
charitable activities attributable to 2024.
15 Taxation
The Royal Surgical Aid Society is exempt from tsx on income and gains falling within Chapter 3,
Part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Att
1992 to the extent that these are applied to its charitable objects.
24

The Royal Surgical Aid Society- operating as Dementia Carers Count
Notes to the Financial Statements
For the Year to 31 December 2023
16 Reconciliation of Movement in Funds
Asat31
December
Asat31
December
Investment
2022 Income Expenditure
£'OOOs £'OOOs
£'OOOs
Transfers
£'OOOs
Gains
£'OOOs
2023
£'OOOs
Restricted Funds
Carer Coaching
Birmingham carer
training
SMS helpline
South East carer
support
Hampshire carer
Suppxjrt
Lockwood
Oakdale
Medicash
Baron Davenport
{1}
(13)
(5)
{2}
{6}
50
(50)
{3}
(i)
Total Restricted
funds
Unrestricted Funds
Service delivery
Service development
Income generation
servi￿ delivery and
development
Influencing
Designated Funds
27
57
(81)
2,792
1,197
396
{235)
{158)
{355)
12,557)
11,039)
582
1,721
623
1,721
651
(642)
651
2,995
4,385
(748)
General Fund
2,893
376
(I,iio)
642
270
3,071
Total Unrestricted
Funds
7,278
376
(1,858)
270
6,066
Total Funds
7,305
433
(1,939)
270
6,069
25

The Royal Surgical Aid Society- operating as Dementia Carers Count
Notes to the Financial Statements
For the Year to 31 December 2023
As•t31
December
2021
£'OOOs
Investment December
Gains
2022
£'OOOs
£'OOOs
Income
£'OOOs
Expenditure
£'OOOs
Transfers
£'Ol)Os
Restricted Funds
Carer C(￿ching
Bimiingham carer training
SMS helpline
South East carer support
(81
{121
(31
25
13
Harnpshire carer Support
Digital and online work
North West carer supp)rt
Total Restricted funds
(41
(31
(30)
57
27
Unrestrirted Funds
Service delivery
Setvice development
Income generation
Property fund
Business irnplementation
fund
Pilot programme fund
Research fund
Professor of family care in
dernenti3
Assistive technology fund
Funds generation fund
Supplementsry support
fund
Bursary fund
Business development
fund
Designated Funds
2,792
1,197
396
(4,000)
(1,361)
2,792
1,197
396
4,000
1,361
86
165
46
(86)
{165)
(46)
500
440
1,000
{500)
(294)
(I,ooo)
11461
1,000
500
(1,000)
{500)
9,098
(1461
(4,567)
4,385
General Fund
684
289
11,5031
4,567
11,144)
2,893
Totsl Unrestricted
funds
9,782
289
{1,649)
(1,144)
7,278
Totsl funds
9,782
346
{1,679)
(1,144)
7,305
26

The Royal Surgical Aid Society- operating as Dementia Carers Count
Notes to the Financial Statements
For the Year to 31 December 2023
Restricted funds
Carer Coaching
Represents money received from the Dementia Services Development Trust to coach carers and
support them in their employment prospects, recognising skills learnt in the carer role.
Birmingham ca￿rtraining
Represents funds re￿iVed from Forward ca￿r$ to deliver dementia focused training for carers from the
Birmingham Area.
SMS helpline
Represents funds r￿1Ved from Ernest Hecht Charitable Foundation, towards the provision of
an sms crisis-helpline for dementia-carers.
South East carer support
Represents funds received from the Chapman Charitsble trust towards prowding face to fa
supp)rt to dementia carers in the south east.
Hampshire carer Support
Represents funds re￿iVed from the Morrison's foundation towards providing face to support
to dementia-carers in Hampshire.
Lockwood Charitable Foundation
Represents funds re￿iVed from the Lockwood Charitable Foundation towards the development of the Carer
Support Line.
The Oakdale Trust
Represents funds re￿iVed from The Oakdale Trust towards engagement work across Wales.
Baron Davenport's Charity
Represents funds re￿iVed from the baron Davenport's Charity towards Servi￿ in the West Midlands.
Medicash Foundation
Represents funds re￿iVed from the Medicash Foundation towards SeN1￿ delivery in the North West.
Digital and online work
Represents funds received from Lennox Hannay Charitable Trust, and the Gisela Graham Foundation to
support dementia carers with online and digitsl delivery.
North West carer support
Represents funds received from the UKH Foundation towards providing fa￿ to face support to dementia
carers in the north west.
Designated fund5
Funds reviewed in line with the new organisational strategy ftir 2024-26..
Serv1￿ Dellvery and Development
To support the ongoing con515tent delivery of DCC'S services until the organisation becomes
financially self-sustaining and to invest in developing this servitr to improve reach and impact.
Income generation
To allow an investment into income generation activities until such time as those activities cover
their costs.
Influencing
To support our work to understand and raise the challenges that dementia carers fa￿.
27

The Royal Surgical Aid Society- operating as Dementia Carers Count
Notes to the Financial Statements
For the Year to 31 December 2023
Old funds, which are closed as at December 2023:
Service delivery
To support the ongoing consistent delivery of DCC'S services until the organisation becomes financially
self sustsining.
Service development
To pay for investment in services and organisational infrastructure that will improve DCC'S reach and
impart.
Unrestricted funds
The General unrestrirted fund represents funds which are expendable at the discretion of the
Trustees in the furtherance of the objects of the charity. Such funds may be held in order to
finance both working capital and capital investment.
Transfers in year
During 2022 and 2023, the trustees reviewed the purposes for which ftjnds are held and created
new designated ftjnds to better reflert the needs of the charity and its updated strategy. Transfers
are made to close down the old designated funds and to designate appropriate amounts in the
newly created designated funds.
17 Allocation of Net Assets
between Funds
Year to 31 December 2023
Fixed
Assets Investments
£'OOOs
£'OOOs
Current
Current
Assets Liabilities
£'OOOs
£'OOOs
2023
Total
£'OOOs
General Fund
3,071
3,071
Designated Funds
io
1,355
1,726
(96)
2,995
Restricted Funds
io
96
Year to 31 Deomber 2022
Fixed
Assets Investments
£'OOOs
£'OOOs
Current
Cur￿Trt
Liabilities
£'OOOs
2022
Total
£'OOOs
£'OOOs
General Fund
2,893
2,893
Designated Funds
18
3,451
1,042
{126)
4,385
Restricted Funds
27
27
18
1,069
(126)
7,305
28

The Royal Surgical Aid Society- operating as Dementia Carers Count
Notes to the Financial Statements
For the Year to 31 December 2023
18 Leasing Commitments
At 31 December 2023, the Charity had the following future minimum lease payments under non-
cancellable operating leases:
2023
£'OOOs
2022
£'OOOs
Leases
expiring..
Less than one year
19 Liabilityof the Membe
The charity is incorporated as a company limited by guarantee having no share capital and, in
accordance with the Memorandum of Association, every member is liable to contribute the sum of
25p in the event of the Society being wound up. The society provides and pays for professional
liability insuran￿.
20 Related Party Transactions
There were no related paty transactions in 2023 or 2022. Trustee eN￿nseS are disclosed in note 7.
21 Reconciliation of net incomel{expenditure) to net cash flow from operating activities
2023
2022
Net income (expenditure) for the reporting period
(as per the statement of financial activities)
(1,236)
(2,477}
Adjustments for:
Depreciation charges
Amortisation charges
Investment income
Net (gains) I losses on investments
(Increase) l Decrease in debtors
Increase / (Decrease) in creditors
(220)
(270)
(19)
(30)
{235)
1,144
35
Net cash (used in) I provided by operating activities
29

The Royal Surgical Aid Society- operating as Dementia Carers Count
Notes to the Financial Statements
For the Year to 31 December 2023
22 Statement of financial activities for the year to
December 2022
Unrestricted Restricted
Funds
Funds
£'OOOs
£'OOOs
Totsl
£'OOOs
Income and Endowments:
Donations and legacies
31
32
63
Income from Charitsble Activities
Investment income
Totsl Income
23
235
25
235
Expenditure:
Raising Funds
526
526
Charitable activities
Se￿1￿ Development and Delivery
Totsl Expendlture
30
30
1,649
1,679
Net gains on investments
(1,144)
(2,504)
(1,144)
(1477)
Net Expenditu
Gross transfers between funds
Net movement in funds
(2,504)
9,782
(2rt77)
9,782
Total funds brought fomard
Totsl funds carried forward
30