CARE ENGLAND %epre5eJlingindepefjdenE c&r8 pyD.￿derS CARE ENGLAND (A COMPANY LIMITED BY GUARAn4TEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Company numb¢r 02082270 Charity number 296103 CARE ENGLAND (A COMPANY LIMITED B Y GUARANTEE) FINANCIAL STATEMENTS For the year ended 31 Dec¢mber 2023 INDEX PACE Trustees, AnnuAI Report ItLdeptnd¢nt Ex*mintr's Report Ststement of Financial Artivities StAtement of FinktDtiAI Position io StstemeRt of Cash Flowy li Notes to the Financial Statements 12-22 CARE ENGLAND (A COMPANY LIMITED BY GUARANfEE) TRUSTEES, ANNUAL REPORT or the year ended 31 December 2023 REFERENCE AND ADMINsfRATtVE DETAILS An8elaBoxall VICE-CHAIR Mike Parsons, BA MBA DBA TREASURER Vishal Shah, Bsc (Hons), CFA COMPANY SECRETARY alld CIIIEF EXECUTIVE Professor Martin Green OBE, FIAM FRSA FlnstLM FIPSM DIREcfoRS InforEnation on page 6 REGISTERED AND PRINCIPAL ADMtNISTRATIVE OFFICE 2nd Fl(M)r 2 Devonshire Square London EC2M 4UJ INDEPENDENf EXAMtNER Yogan Patel 6 Floor 2 London Wall Place London EC2Y SAU REGISTRATION NUN(BERS Company number Charity numbeT 02082270 296103 Pagell CARE ENGLAND (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT For the year cndcd 31 DcccmbcT 2023 The Trustees of the charity, whose organisation they represent are members of the Company, and directors for the purpose af company law, present their statutory report tog¢theT wilh the accounts of C￿¢ England for th¢ Ye￿ ended 31 Deeemb¢r 2023. The ch2rity has opted to prepare its accounts using the Financial RepOrt￿g StandaTd 3ppIIGable In tht UK and the Rq)ublic of Ireland IFRS 102) and follow the Charities SORP {FRS 102). Structure and GoverllAnce Care England is a regist¢r¢d ¢barity (number 296103}, incorporated under the Companies ACL being & cO￿paILY limited by guaTaDtee not having shaTe capital. The charity was incorporated on 9 December 1986 and regi5teTed a5 a charity on 16 F6brU￿ 1987. Th¢ company was established utjder a Memorandum of Association which established the objeds and Powers of the compli￿Y and is gi)verned under its Articles of AssociatIon. Ill the event of the company being wound up, members are required to Contribute to all amtsunt not exceeding £1. Care Englwd's mission is to ¢nsure that social and hea]th care in the indepetldent sector be promoted and protected. PrineipAI ActiTrryties ThB Association reprB*ent% the IntertsL% of a gub8tantiaI perccntagc of thc opcrators of a wide range of adult socia] care s¢rvi¢es in England providing so¢ial ¢2re and he￿th S￿vICeS in all settings. It aims to be the leading national voice itl P05ltioning th¢ adult 5(Kial Care s¢¢tor ￿ th¢ ¢entte of th¢ national policy and improvement a8end& and to ensure that service uS￿S reGeive quality SErviGes which ar¢ l￿diVidU0]ly focusbed. AD￿lla1 Review Ob'ects of the Chari The objective of the charity is to promote and protect the stattdards of social care within the independent sector. In setting our objectives and planning our activities, the Trllste￿ havr giv¢n car¢ful Consideration to th¢ Charity Commission's g¢neAal guidan¢¢ on publi¢ b¢n¢fit. It l5 Carc England's illtentiotl to ensure that we putsu¢ our primary purpos¢ of sllpporting quality ill the care sector. Po]icy developnient and implementation. appropriate fu]ding aTrd tntslli£¢nt regulatioll &re the key elements of the work streams that we are engaged in to deliver thi5 overall objective. We are also engaged An a process of ensuring a balan¢ed budget and developing activities which should t￿s￿re the long-tettn financial survival and stability of the organisation. As a memb6r8hip orgalli5ation, we r¢cDgnise that tlke retention and ¢xpansioJ of membership is one of our prtmary filnctions at)d we have developed a raiige of mernbership benefits which ate designed to be attractive to the sector and stimulate recruitment. The objectives of the Association ar¢ to maintsin its position as the largest repr¢s¢ntatiYe LN)dy, to continue to expand our membership alld to support a thriving ind¢p¢nd¢nt 5¢rt0r. Care England works in a Collaborative and parknerthip-bas¢d way and has a number of key stakeholders in both central and local governmenL the DeparttnEnt of Hcalth and Social Care (DHSC) Ond with the regulatory body, Care Quality Q)inmission (CQC). Page12 CARE ENGLAND (A COMPANY LIMITED B Y GUARANTEE) TRUSTEES, ANNUAL REPORT For the year ended 31 De¢ember 2023 Financial and O rational Revicw The financial yeu ending 31 December 2023 ended wEth a surplus of £41.718, a successful recovery afteT endurin8 defjcits in the previous two years post-covid (2022.. deficit £26,520). Total inGOtne in 2023 was £996,73S {2022= £1,023,464), whilst tDtal expEnditure was £991,026 (2022-. £1,041,051). Despite this being a very challenging year for the care s6ctor, our tnembcrship held up w¢ll. We were also pleased that our supporter membership scheme has gotle fro￿ strength to strength. with moTe partnerships being built to deliver gDods and services at reduced cost to members. Witli these growing parttlerships, Carc England was able to emba￿ on a iwin-track apprnach wh¢reby Dot ortly haye w¢ continued to provide members with & valuabl¢ Enfonnalion and poliGy updates, biit we have a150 sought to deliver some very clear, tAngihlc htnefjts that havc helpcd mcmbcrs n&vi8atc the sigllificant fJn&ll¢ial challenges of running a care servi¢e whell funding is so constrained. The development of our energy scheme was a good exa￿￿1¢ of how we saw a challellge for tbe sector dev¢lop¢d a very tangible response. This is an approach that we intend to continue in tbe comtng year. Business revi¢w Despite ￿0ving away from the ttnmediate challenges posed by the COVD-19 pandemic, there has been littl¢ respite from the fundatnent&l financial and worlrfoTCe pre5sur6s that haye faced our sectoi for m￿Y years. c.are pri)viders hav¢ had to balance delivering bigh-quality care against the backdrop of unprecedented rise5 in utility and VPvernment to impl¢ment wiihin 100 days, 2 years and 5 years of entering office. The plan is baGked by major representative groups from across th¢ Sector. Further to this, CaTe Engl￿d published its annual Se¢tor Pulse CheGk report iD J3Tru￿ 2024, in partnership w￿Th the iiatiollal learning dssability charity Hft. The report demtsnstrated th&t un5UStainable fin￿]Cial and workforce pr&qsures are forcEng adult social care provÉders to tum down new admissiolls and ¢los¢ services, as 8owernEnent grants arc not reachillg the people who need them most. The report launched PdTliameni with Andrew Gwynne MP and Daisy Coop¢r MP and ha5 subsequently been Teferenced in Parliatnentary debates pertaining to adult SOGial care. A key critical partner that Care En8land has sought to engage witb QV¢T the last year has betn the Care Qu￿lty Commission {CQC). The CQL has ¥Jow inttDduEed thcir Ssnglc Assessment Framework which is b¢ing us¢d to assess and ratr all regulated health Social car¢ providers, as well as Local Authorities and lllt¢grat¢d Care Syqtett2*. Thc rollout of the Single Assessmtnt Framework has presented issue5 for care providers across the county and Care England is worktng collaboratively with s¢nJvr CQC leaders alld its membeis to explore options for rc501ution. In 2023, the adult social care sector ￿ade Significant progres5 in digitai transforllnation. 5UPPOrted by th¢ govemmenl's Digitising TE￿*fOrMation Fund and the Adult Social Care Tech Fund IASCTF}. The govvmTninl airned to implcmcnt digital $0¢sal care rttords ill 80Q/D of Qr¢ QualÉty Commission ICQC)-registered services by March 2025. InitiaÈives included piloting innovative t¢chnolugJes, e]thallcing Gybersecurity, and ilnproving data collection through the National MiThimum Data Set (NfvIDSI and Minimum Optrational Data 8tandards (MODS). Care England played a pivotal role in tbese initiatives by adviS￿n8 stakcholders alld facilitating webinars on dt£ital tool procurement. Care England a]so launched a cy￿r5ecurItY pilot to i]npTove data security practices within care services. In the year, Care England worked tirelessly to ensur¢ that the NHS did not levy costs c>nto care providers when they put their invoices through Tradeshift. This had a significant irnp￿t on The sector and 5av¢d many of our membcts & signifjcant amount of Njonty. FLkture plaDs Th¢ ¢oming year will be pivotal for Care Englatld as w¢ embark oll a major plan to recruit and r¢tain members. Care England will strive to communicate more effectively the work that we do and encourage memb¢rs to engage to M￿lM1$e tbe benefits of tnembership. Alongsid¢, initiatlVe5 that deliver cost savsngs alld efficiencies to n)trnbers have alre&ly begun an41 will be boosted in the wming year. To help achiev¢ our aims. we will expand the membership team and review our technology systems to help deliver QUT membership offtring as etTJciently as possibl¢ while still maintaining the highest16vcl of rnembtr engag¢mEtIt. The general ¢l¢ction will b¢ a critical focus for Care England over tht comillg year,. ensuring all in¢umbent MPS and parliament#ry candidates are fatlliliar with the adult SOCI￿ ¢are se¢tor and its pressures it's impetative at this jun¢ture. We aTe in tbe pmcess of finalising eleclion strategy which will take effect from late Spring and run up until the election of a D¢w Government. Skills for Care is due lo publish its 15-year workforce strai¢gy in the sumn)Er of this year. This will be the first of it5 kind and Care Engl&nd has worked collaboratively with Skills for Care in early 2024 to itifornj th¢ recommend&tiO¥L5. We will be operatiDnalising further work to ensure thes¢ rEwmmendations land with accowitable bodEes. Page14 CARE ENGLAND (A COMPANY LIMITED B Y GUARANTEE) TRUSTEES, ANEIUAL REPORT For the year end¢d 31 Decombcr 2023 On digital, C2re Engl￿d.8 involvement in the third year of the Digitising Tiallsformatioa Fiind will continu¢. Atnongst other programmes, Care EtLglJnd will further develop its Cyber Security package and support care providers ITh the digital switchover set for December 2025. Additionally. it will explore the potential of artificial intellig¢nGe (Al) in social care. focu5illg on gencrative AI'S benefits and risks. Cw¢ England will continue to bring pmcurement-ha%td solutions to 0￿r members given their succegs in driving new membership and rets¥ning current members. Immediate projects to be established where support is needed e aTound i]]SUTanG6 wh¢Te pre￿]UMS have ris6n sharply and starting to tlatten, laundry outsourcing where costs of around 360/0 can be achieved,. and faciliti&5 mallagetnent where opportunities to maintain and repair servi¢es have been challengillg over recent years. Reserves Policy It is the policy of the charity to hold resetves in its unr¢slricted fvnd, which have not been committed or designated for any particular purpos6. The trnSte¢s have s6t aside these rEserves in order to protect the tutuie of th¢ ¢harity frorn any unforeseen variatiolls Et) its fi]ture income streams ￿ part of good fil￿nCial management praGtice. The CDvid pandemic pmvcd thc need to hold reserves, so that wc could continuc to dclivcr services to our members at times of Crisis. The fact that the budget went into defi¢it in the two years following Covid, ulldtrlined the itnportance of an appropri&tc rest￿£ to mect unfor¢5e¢n needs. The mitt1￿1￿￿ reserves required is six months of the average monthly unrestriGted expEllses over tht ]￿t 2 years. For 2023. this amounted to £4S9,093. At 31 December 2023, the amount of these res¢rvEs in the unTestrided fund aTnountEd th £1,763,666 (2022: £1,321,948}. Thc mallagcmcnt will rcvicw this minimum arllount r¢quÈred from t1￿¢ to time to ensure the level set is appropriate for the Current ¢limate of the charity alld sector. The amount of surplus in the restricted funds amounted to £8.666 (2022.. £8,666}. This amount is held for assisting and supporting the nmning of a ¢ore home evenl which takes place from time to time. Res¢rves llot immtdiately rtqutrcd for working Capit￿ art pla¢ed in interest-beariJ)g deposit accounts, as well as investments in bonds. Any surplus of fund5 may ￿s0 be used to undertake proj¢Gts idcntified as brirlging benefits io m¢mb¢rs. Risk MallAgemeDt In Common wKth organisations. Care England has a robust approach to ma]Jaging risk and au objective to be risk aware rather than risk averse. Discu55ion at board m6ttings and intelligence from our m¢mbership aDd trustee5 enables us to underSt9￿d the potential threats and risks and put in place mitigating actions to reduce them. The trustees, quarterly meeting includes reviews of tht prinoipal ris￿ and uncertaintics that the charEty facts. The trustees Consider that financial stability is the major finan¢ial risk and tnanage the risk through regular r¢vi¢ws of liquid funds. d¢btOTS and crediloTS, to ensure adequate working capital is available for all operational areas. Plall5 and action5 are always in constant review to ensure w¢ remain focus on the issues ihat inpact members the most identifitd above). Board Of Trnstees As defined in the Articles of Association, the charity is governtd by a Board of Tru5t¢e5 SUPPOrttd by the Chief ExEcutiv¢. Vi¢¢ Chair and Exe¢utiwe t¢am. The trustees meet regularly and review ail aspects of the Charity's worL includillg day-to-day operations whityh ar¢ d¢legated to the Executive te￿Th for iinplementation of the strategie5. The Trustees, through the conTrpanics they work with who ar¢ m¢mbers of the eharity, are also the directors of the company. Pag¢15 CARE ENGLAND (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT For the year ended 31 December 2023 Trustees are elected through an election PTo¢ess and nol more than seven trustees are e1c￿ed this way. optio]]s of people with particular skills Dr network that help the Gharity pursue its primary goals can be agreed by the elected board. No More than five trustees may be elected this way. Truqtees are inducted into the organisation and are given clear written tnfomiation about their roles and responsibilities. All Trustees rective training ID Bo&td responsibilities and lega] frameworL through Chwity CommissioE] Updates and other sour￿1, in discussion of the vision. risk and the strategsc plan. Ths trustet5 in office during th6 year ended 31 December 2023 are detailed below. AGARWAL, Mala ALLEN. James Frank BALMEK JoannE BOXALL. Angela BROWN, AneurÉn BROWN, Russ¢ll CAI.VELEY, Petsr GOYAL. Avnish MCCALL, Simon ROLLIN, Jake SHAH. Vishal Athena Catt Hts¥nes National Cgre Group Oaklaiid Care Homes Majesticare Hallmark Luxury Care Homes Shaw Health¢￿¢ (Group) Ltd Barche5t¢T HeaEthGare Hallmark Luxury Care Homes BarchesterHeaIthcaFe HC-On¢ Banyan Care Group (resigned 4 SeptembBr 2023) (appointed 14 0ecEmber 2023) (appointed 14 December 2023} lappoitited 14 December 2023} (appointed 14 De¢emb¢r 2023} Iresigntd 14 DeCe￿￿tr 2023) Iresigncd 14 Dcccmbcr 2023) (appointed 14 December 20231 lappoint¢d 14 D¢¢ember 2023) To cnsurc that thc charity is a8 reprcscntativc as possiblc nf its cntirc mcmbcrship, Carc England maitttSLin8 a Policy Boar(L a diverse group of represtlltatives from its membership who Jneets qu&rterly and helps develop the QJEanisation's policy agenda. Trustee indernnity provisio￿5 Th¢ charity has an Otyice Combin¢d Policy with Tow¢rgat¢ Inguran¢e for whi¢h a premium of £1,339 was paid for the year ended 31 December 2023. This inclyded a ¢over for Ttuste¢s against certain liability claims up to £250,000 in aggT£gate per annutt]. Key Management Personnel The pay and TfTnun¢ratioll of th¢ Key Pcr50nncl Manag¢menl of the Gharsty are revi¢w6d following staff appraisals alld illclude a beuchmarking exercise against other sllnilar roles the sector. The charity considers Key Management Personnel to comprise the trustees, who receive no r¢muneration, the Chitf Extcutive, Head of Policy and Financ¢ Manager. FuudraisiDg No fundraisill8 by external con8ultants is undertaken by the charity. All fi]ndraising by the charity i5 monitored by the ttustees. Relat¢d partie8 The trustees are all directors of companies which are members of Care England. None of the trustees receive any benefit from this arrangement. Page16 CARE ENGLAND (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT For the year ended 31 DecembeT 2023 Trustees, respoM5ibiliti¢s for the financial st9tements The trustee5 (who ar¢ a]50 d￿¢¢tOrS of Care England for the purposes of ¢ompaA}' law) are responsible for pi'eparing the Trustees, Annual Report znd the financial stateTnents in actordatsce with applicable law and Uttited Kingdom Accounting Standards Iunited Kingdom Gellerally Accepted Accounting Pia¢ti¢e). Company law requii¢s the trustees to prepare financial stat¢ments for each f￿anCIal year. which give a true and fair view of the slate of affairs of the charitable ¢omp2ny and of the incoming resources and application of resources, lllcluding th6 Èncome'and exp6nditure. of the chaiitable company for that p¢riod. In preparing th¢$e financial statements, the trustces are required to.. seleGt 5Ultabl¢ acGOUtItRng policies and then apply thrrn wn515tentlyi obserye the methods alld principles it) the Charities SORP {FRS1021; make judgements and estimates that are reasonable and prudent., state wliether applicable UK Accounting Standards have been followed, subject to any materia] departur¢s disclos¢d and explained in the financial statements,. prepare the finanGial st&ternents on the 8oÈTrg concErn basis unless it is inappropriat¢ to pi¢sume that the charitsble company will Gontinue in opetation. The trustees are responsible for k¢eping adequate a¢¢ounting reeDrds that disclose with reasonable accuracy at any time the finanria] position of the ¢haritable ¢ompany and enabl¢ them to ensure that the fjnancial 5taternents comply with the CompaTLies Act 2006. They are also re5ponsibl¢ fvr s4f¢¥uarding the assets of ihe dJarÉlable company and hence for taking re&wnable step5 for th£ prevention and dctection of fraud and other irt¢gulwities. TAX 5tAtll5 The Association is a registered charity, number 296103 atEd thus is not liable to corp(>ration tax. Small company eiemptioD This r¢port been prepared in accordance with the specia] prtsvisions for small companies under Part 15 of the Companies Act 2006. Approved by the board a￿d 5igtted OTr its behalf by Aweuo BoxalL AngelaBoX￿1 Chair and Tru5t¢E Date.. 26th Jiine, 202+ Page17 CARE ENGLAND (A COMPANY LIMITED B Y GUARANfEE) INDEPENDENT EXAMINER, S REPORT I report to the ¢harity trustees on my examination of the accounts Df the Company for the year ended 31 December 2023. Responsibilities and b￿SiS of report As the charity's ttlJ5tees of the CoLMpany {a￿d also its directors for th¢ pllrposes of company law), you are responsible for the preparation of the accounts ac¢ordan¢e with the requittmernts of the Companies Act 2006 {'the 2006 Act'l. Having satisfied myself that tht accounts of the Cornp*Jny not i'equii"ed to b¢ audited under Part 16 of the 2006 A¢t and are eligible for independent examinatiot). I report in respect of my exa￿l￿at￿on of your Ch￿.1ty'S iccounts as caTried out under settion 145 of tht Charities Act 2011 {'the 2011 Act'j. In carryin8 out my ¢xAmination I have followed the Dire¢tions given by the Charity Commission under section 145(51 Ib) of the 2011 Act. Independent examiner's statement Since the Company's giDSS inwrne exceeded £25t>,000 your examiner must be a member of a body listed in section 145 orth¢ 2011 Act. I confirm that l atll qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in EDgland and Wale5, which is Olle of the lasted bodies, which is onc of the list¢d bodies. I havc cotnplet6d tny cxatninatiOII. I ctsnfm that no matters have ¢om¢ to my attention in ¢onn¢¢tion with the examination giV￿g cause to believe: l. awounting records were Jot kept in respect of the Company as rquired by section 386 of the 2006 Act. OT 2. the accounts do not accord those records- or 3. the accounts do not comply with tbe accounting reqUirE￿Ents of 5eGtion 396 of thc 2006 A¢t oth¢r than Tr￿y requirtmcnt that thc ac¢ounts give a 'try¢ and faEr view which is not a matter considei'ed &4 part of all illdependent examillatioll, 01 4. the accounts have not been prepared in accordance with the methods and prin¢iples of the Statement of Recommended Practice for accounting and reporting bv charitie5 [applicable to charities preparing their a¢counts in a¢¢o¥dan¢e with th¢ Finan¢ial Reporting Standard applicable in the a￿d Republic of Ireland (FRS 102)]. I have no collce￿ and have come across no other matters in ronnection with the examination to which att¢ntion should be drawn in this report in order to ¢nable a proper understanding of the accounts to be reaGhEd. Signed.. Yogan Patel FCA Charter¢d Accountants 6th Floor 2 Ltsndtsn Wall Plac¢ London EC2Y SAU MFL4 is the trading nam¢ of Ma¢lntyre Hudson LLP. a linited liability partnersbip in England and Wales (registered numb¢r OC3123131. Pa8el8 CARE ENGLAND (A COMPANY LIMITED BY GUARANTEE) STATEMEKF OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUND For the year ended 31 December 2023 Notes 2023 2023 2023 2022 Restricted Ullrestricted Totthl Funds ruAids Total Fullds Illtome from: Charitsble activities tnvestmenls Other tradsng actLViti¢s Total ille0￿e 967.553 15,269 967,553 15,269 13,916 996,738 1.015,236 4,662 996 738 J,023 464 enditure Charitable activitle5 Raising funds Total expelldithre (990,732) 294 991,026 (990,732) {1,040,613) 294 438 991,026 1,041051 Unrealised gainl{loss) on ittvestments 36,006 36,006 (8.933) Net income 41,718 26,520 Fund balances as at l Janu&ry 8,666 lJ21.948 IJ30.614 lJ57,134 bg1gnce$ as at 31 December 8.666 lJ63.666 l J72J32 I J30,614 There were Ao recognised gaitLS or losses DtheT than those diso105cd in the SOFA for th¢ finan¢ial year. The a¢¢ompgDying accounting policies and llotes on pagts 12 to 22 fonll an 5ThtegT￿ part of these fit]ancial 5tat¢ments. All income and ¢xpendiiur¢ derive from ¢ontinuing activiti¢s. Page19 CARE ENGLAND (A COMPANY LIMITED B Y GUARANTEE) STATEMENT OF FINANCIAL POSITION For the year ended 31 December 2023 Note 2023 2023 2022 2022 Fixed Assets Tangible Assets E2 35,625 42,874 Current Assets Debiors Short-term investtllents Cash &t b￿k alld halld 13 218158 1,251,570 373 48 lJ41976 190,547 1,210,709 361 016 1.762.272 20 Creditors.. Ankount f4lling due within one year 14 {499,869) {472,932) Net current &Ssds 1289,340 Total assets less curre￿t liabilities lJ7&732 1,332.214 Provision for liabilities 16 {6.41N)) (1.60QI Net Assets 72J32 Repres¢nted by.. u￿rstricted Funds Restrictcd Funds lJ63,666 8,066 1,321,94S 8,666 Totsl Funds 71 1,330,614 These financial staiem¢nts have be¢n pr¢pared in accordance the Speci￿ provisions for small compantes under Part 15 of the Companies A¢t 2006. The fjnancial statements were approved by the Board of Directors and authorised for Issue on the 26trh Illne, 2024 and signed on its behalf by-. Vishal Shah Trustee G)mpany registtation number 02082270 The accompallying accourttillg policies 8nd notes on pages 12 to 22 form all Illtegr￿ part of these financial statements. Page | 10 CARE ENGLAND (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS For the year ended 31 December 2023 Note 2023 2023 2023 2022 Restritted funds Unrtt¥lrttted Totsl Funds funds Total Funds CRsb llow5 froEll operatillg activities: Net cash provided by operating a¢tivities 19 43,178 43,178 11.878 Cash now5 from investing attivities: ]mvestsnent income Purchase of tangible fixcd a5s¢ts Net cash provided by investing activities 15,269 SJ54 15.269 4.662 44,234 9,915 9,915 {39,572) Change in cash and ¢ash equivalents in the reporting PEriod 53,093 53,1193 (27,694) Cash &nd cash equivatents as I January 8,666 1,563,059 1,571,725 1,599,419 CAsh c9sh equivAlent3 as 31 Dt¢ewber 20 8,666 1,616,152 1,624018 1.571.725 Pagel 11 CARE ENGLAND (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS For thc year ended 31 December 2023 ACCOUNTING POLICIES 1.1 Aecounting convention Care Etlgland is a charitable company. limited by guarantee. in¢orpoiated in England and Wales. Its registered otTice is detailtd on Pagt l. The fsnanGial 5tat6mentS prepar￿ in 5tErling, the fun¢tiollal and presentational currency, rounded to the llearest £1. The financial statements have iyeert prepared in accordance with the Charities SORP (FRS 102) AccouRting and Reporting by C.haTlties.' 8t2temetrt of Recommended Practice applicable to thzrities prepitrillg their accounts in accordance with th¢ Financia] Reporting Standard appli¢able in the UK 2nd Republic of Ireland (FKS 102}, the FinaDcial Reporting Standard applicable in the UK and RepubliG of Ireland (FRS 1021 and the Companies Act2006. Going Coneer There are no material uncertaintie5 relatillg to the ability of the charity to continue for the for¢5eeabl¢ future. The trustces havt considcrcd thc Icvel of funds hcld alld the expected incomc and expenditurc for 12 months from the date of approval of the fjnanciai statements. The budget reflects a suffjcient level of reserves ft>rih¢ charity to wntinue &s a going concern. The charity is a company limited by guarantee. The members of the Gharity are the trustees named OD page 6. In the event of the charity being wound up, the liability ￿ respect of the guarante¢ is limited to £1 per member of the ¢harity. Publi¢ BellefEt Elltity The charity constitutes apublÈ¢ benefit entity as defined by FRSIO2. The significant accounting policies applied in the preparation of these financial statemtnt5 are Set out b¢low. The8e policic% have been con%istently applied th all years prc.8cntcd unless othcrwisc Stated. 12 lllcome and expeDded resources [Trco￿t is tecognistd once the Charity has tntidement to the iticomt, it is probable that the EnGome will be Teceiv¢d. alld the amount of illcome receivable Can be m¢asur¢d reliably. Subscriptions received in advaE]ce ar¢ included within dBferred income in creditors. Grants Receivable Perfomianc¢-related grants are accounted for as the charity ¢ams the right to consideration by its performance. Where illCQmB l5 fBceived in dvtnEe of it5 recognition, it is deferred and included in creditors under deferred income. Restricted and unrestricted iD¢ome 8nd expenses are charged d￿rectlY to its activity if it ts dire¢t]y and ¥holly identifjable (o the activity, otherwise geiieral overheads are allocated across tht headings bas¢d on the ¢hatity's time sp¢nt on ¢a¢h activity and ai following apportionment, Cost of raissng funds Cost of activitie5 in fijrtherance of charity's objectlVC5 5/0 95Q/o {sce not¢ below) Unless directly identifiable to an activity, r&8ourL%s exp¢nd¢d in furth¢rance of the charity's objectives are furth¢T analysed into the following activities.. Dire¢t support to members Confer¢nce IEv¢nts Lobbyinglcampaigning & Media Representation 600/0 35/¢ Page | 12 CARE ENGLAND (A COMPANY LIMITED B Y GUARANTEE) NOTES TO THE FINANCIAL STATENffNTS For the year ended 31 December 2023 Thcse activities are closely iTJt6rlinkcd thErefor¢ only the bc5t esti]nate of tht tim6 the charity puts Itito these activities is u5¢d for allocating the resources expended. The ¢harity provides a range of support to its members including poli¢y allalysis and dissemination of infonnatÉon and access to executive5, advice. Membtrs have a150 access to c¢rtain support h6lplin¢s a5 provided by the charity's commercial paxtners. All expenditllre 1$ accounted for on an accrllals basis and has been classEfIed under headings that aggregate all costs rel&ted to ihat category. Expenditure Is retognised where there is a legal or constructivtt obligation tts make payrnents to third parties. it is probable that settlement will be required, and the amount of the obligation call be n]easured reliably. It is categorised under the heading of 'expellditUTe on charitable a¢tivities' and ineludes all costs incurred on furthering the objects of the charity. Governance e05ts are those ill¢urr¢d in Connection with the compliance with constitutional and statutory requirerllents. 1.3 T￿￿gible fixed a55ets depreciatio A review for itnpairment of a fixed &sset is c￿Ti¢d out if events or changes ill cireumstallces indicate that the ¢anying vaEue ot any tÈx¢d asset may not be recoverable. Shortfalls between the carying value of fJKed assets and their rp¢overable amounLs arc ￿cOgniSed as impaiTtnent5. ImpaÉrment IDSSCS ale recogn15¢d in the Statement of FiDancial Activities. Tangible ffxed assets are carried at CO81. net of depreciation and any provisiorj for imp&irniellt. DepreciatEon Js piovided at rates calculatrd to wrile LIITthe cost of fixed assets, less their estimated residua] value, overtheir expected useful liv¢s on the following bases.. Leasehold Emprovement Computer equipment Furnituie strai￿1 line over the length of le￿e 3 years, straight line basis . 3 years, straightlsne basis 1.4 Fund Stntctur¢ All of the charity's fund5. urjless otherwise 5pecifie¢l are ufftstricted #Thl expendable at the discretion of the trllstees in the furtherance of the objects of the charity. Restricted funds are subject to restrictiotts I￿Posed by the donors or the purpose of the fi￿ds. 1.5 Contribution to p¢n$ion funds The cojnpany mak¢s the minimum ¢ontiibution under the auto-enrolment scheme for all eligibl¢ employees who opted in. Tht pensioii rosts charged against InGOtne rq)reseJit the arnount of the Gojitributions payable to the schcmes in respect of the accoUntlE￿8 period. The assets of the schemes are held separately from those of the charity. 1.6 Cash at bxnk ID haDd Cash at bank and in hand includes cash dewsited in banks. Page | 13 CARE ENGLAND (A COMPANY LIMITED B Y GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 1.7 Short-term inve5tTtJents Short-term investhients include listed investtnents or deposits with no ￿atUrIty date OT Wlth inaturity dat6 of 12 months or less from the date of acquisition or opening of the deposit or similar account and are included at a market va]uation at the balance sheet dats. 1.8 Operating Lea5e5 Rentals payable under operating leases are charged to the Statemellt of Fillancial Activities over the 16&se period on a straight-line basis. 1.9 Financial In5trumeuts Th¢ Charity only hol(ts basic financi￿ instruments as defined in FRS 102. The financial assets and finall¢ia] liabilities of the Charity and their measurement bases are as follow$'. Financial &ssets- trade alld other debtors are basic finanGLaI iDStruments alld are debt instnEments measured at amortisea Lost ￿ detaÈled in Note 13. Prepayments are not f￿ancIal InStr￿l￿entS. Cash at b&nk and short- temi liquid investments are Classified as basic financial instruments and is measured at face value. FinallCi81 liabilities 8ccruals and other crediiors are f]nall¢ial instrumellts. and are measured at amortised cost as detsiltd in Note 14 alld taxatioii and National Insurance not inclilded in th¢ firiaHGial instruThcnts dis¢losure definition. Defe￿ed incom¢ is not deemed to be a financial liability, &s the cash setElement has alTeady iaken pl&ce and there is an obligation to deliver services rather thall cash or another finallcial instrument. I.IO Debtors and creditors receivAble / payable withÉn one year Debtors are reKognis¢d when the Charity is legally entitled to th¢ incolne after any performance conditioTrs have been ￿e{ the amount ¢an be measured reliably. and it is probable that the income will be received. Creditors are recognised when the Charity has a present legal or constructiY¢ obligatioll resulting frorn a post event and th¢ settlement is ¢xp¢ct¢d to re5￿t in an outflo]w of ¢conomi¢ benefits. 1.1 I Provisions Provisions are measttred at the best estimate of the amounts requÉred to settle the obligation. Where th¢ effect of th¢ time value of money is mal¢rial, the provision is based on the present value of those amtsunts, dis¢ount¢d at th6 pre-tax dÉs¢ount rate that refl¢cts the risks spe¢ific to th¢ liability. The unwinding of the discount is recognised in the State￿ent of Financial ActivRties as a finance cosL 2. JUDGEMENfs AND KEY SOLfjiCES OF ESTIMATION UNCERTAINTY The judgemtnt and key a55uinption5 CQllECtniNg e5tirnation utk¢ertaynty at the r¢potting date relate only to depreciY4tion of f]x¢d assets and the recoverability of debtors. Th¢ trnstees consider that there is no significaDt risk IR relation to material adjustments to carryittg value5 Within the next financial year. IIYCOME FROIII CHARITABLE AcfiviTIES Unr¢stri¢t¢d Funds Incomtng resources from actiwilits Én furtlLerance of ¢harity'S obje¢tives includes the following, Page114 CARE ENGLAND (A COMPANY LIN(tTED B Y GUARANTEE) NOTES TO THE FtNANCIAL STATEMENrs For the year ended 31 December 2023 2023 2022 Subscriptions Conference and other a¢tivities 857955 J09598 967,553 817,448 122 78$ 940 236 lllcoming resources from activities in fjJrthei'at]ce of Ghaiity's objeGtives are furth¢i' allocated to the differ¢nt a¢tivities of the charity, 2023 2022 Dire¢t Supp)rtto Members Events campaignin￿LobbYing￿medj& representation 525,153 136,061 306,339 Y67 5)3 511.192 130,849 298 195 940 236 Restricted ThDds The i¢stri¢t¢d fulld income is funding received fo¥ woik r¢lating to th¢ following 2023 2022 Income xssigned to ¢h&ritsble &ctivilie5 CPA Grant INCOME FROM ENVESTMENTS In¢oming resources from investment in¢om¢ of £15,269 (2022.. £4,662) r¢presents deposit inter¢st on bank baianGes. INCOME FROM OTHER TIL4DING ACTIVITIES Income from other trading activities of £13,916 {2022.. £3,566) represents income received fro brokering of comm¢r¢ial deals and eiiculation of suppliers, product inform2tion to members. ANALYSIS OF EXPENDITURE ON cl￿R￿ABLE ACTivrrIES Unrestricted Funds Activities UDderlakeD dir¢rtly S￿ppOrt Costs Total 2023 Direct Support tts Members Conf6rencc/¢vents CampaiglliwLobbyingl Medi&R¢pTesentstio Total Charitable Activities 610,004 74,674 47,190 731,868 155J18 12,943 765J22 87,617 137 793 990 732 258 804 Pag¢ | 15 CARE ENGLAND (A COMPANY LIMITED B Y GUAEL4NTEE) NOTES TO THE FINANCIAL STA TEMENTS For the year ended 31 Deceinber 2023 Note 6 contithued A¢tivities undertaken direGtIy Suppon Costs Total 2022 Direct Support to Members Conferencelevents campaignin￿(0bbying1 Media Repre8entaiion Total Charitable Activities 600,887 83,557 19,221 157,169 13,097 91,682 758.056 96,654 10,903 703 665 261,948 965,613 Restricted Fu)Jds 2023 2022 CPA Grant 75,000 ADaIysi$ of Support Costs: 2023 2022 Staff Property-related Governance (note 8) ComputerllT Oiher opEtating lease Depreciatio Others 109.199 66.516 6.966 36.444 6,112 12,60J 21.024 258.864 104,811 58.954 11.468 31.605 5,446 4.664 45.000 261,948 7. UNREALISED GAINI(LOSS) ON INVESTMENTS Th¢ value of the listed invesknents held at CCLA Itivestm¢tEt Fund vdued at £327.073 (2022.. £291,067) gave rise to an unrealiscd gain of £36,006 as of JI Dec¢mbeT 2023 (2022: 105s £8,933). GOVBRNANCE COST 2023 2022 Audit remuneration 11.468 9. EMPLOYEES Staff wsts during the yeat were as follows, 2023 2022 Wages and salaries National Insurance contribution Pension costs 4￿,474 S2,420 8,339 551,233 467,561 51.658 8.797 528.016 Included wjthin Wages and s21aries are temporary staff costs of £1,78212022-. £4.4801. The average number of employees during the year was as follows, Page | 16 CARE ENGLAND (A COMPANY LIMITED B Y GUARANTEE) NOTES TO THE FINANCIAL STAIEMENTS For the year ended 31 December 2023 2023 2022 Ler Number Office and managetnent io 10 tlo t￿oIu[￿tAts or expenses were paid or waEved by the trustees in the year (2022.. none). Number of employees receiving atmual ernoluments I￿ excess of£60.000'. 2023 ]Yutllhe 2022 Number £60,000 to £69,999 £170,000 to £179,999 £180,000 to £189.999 Key Managejnent Per50nn¢l Ctstnp¢nsatiott Th¢ pay and remuneration of the Key Personnel Management of the charity are review6d from time to time. The pay is benchmarked against other similar roles itl the 5¢Gtor. Th6 Key Management Personnel Compensation including BmployerNa¢Éonal InEut2nce 2nd pension contrihlltion paid in tht year was £289,403 (2022.. £3003041. The Lh￿ltY ci)nstders Key Man4genJtnt Perso]￿e1 to comprise tkne trustees. who receive no rernuneration, tht Chief Ex¢cutiv4 Head of Policy and FinanB¢ Manager. 10. NET XNCOMING RESOURCES Net ill¢Otning r¢som￿£S are stated aft¢r ¢harging 2023 2022 Indepetident Examiner's reinulleration of the accounts Auditors, r¢mun¢r&tion for audit of the acc(Trunts IndweDd¢nt ExaTninBr l Auditots, ttmuneration for payroll servicts Depreciation Operatlllg le&ses - property others 6966 11,468 2,293 4,664 43,523 5.446 2,145 12,603 41.128 6,112 11. TAXATION The charity is a iegist¢red ¢harity (number 296103) and is therefore not liable to Corporation tax. The charity is an exempt charity Mithin Ihe meaning of Schedule 3 aftht Charities Act 2011 and is Collsidered to pass the tests Set out in Pardgraph I Schedule 6 Finan¢¢ Act 2010 and therefore it m¢ets the defjnition of a charitable cornpat]y for UK COTporal¢ tax PUTposes. Pag¢l 17 CARE ENGLAND (A COMPANY LIMITED B Y GUARANTEE) NOTES TO THE FINANCIAL STATEMEWfS For the year ended 31 Deoember 2023 12. TANGIBLE FtXED ASSETS Leasekold Improvements FurDiture Computer Equipment Total Cost Ai l Jalluary 2023 Addition5 Fully depreciated assets At 31 December ?023 27.931 6,329 14,926 5,354 2,439 17.841 49,186 5.354 2,439 52,101 Depreciation At l January 2023 838 5,586 614 2,110 4,860 4,907 2.439 6,312 12.6a3 2,439) 16,476 ChaTg¢ foT the yBar Fully depreciated assets Ai 31 December 2023 6.424 Net book value At 31 December 2023 Nct book valuE At 31 December 2022 42 13. DEBTORS 2023 2022 Trade dehtors Prepayments and a¢crued iD¢ome Other debtors 138.738 52,140 112.092 47,888 21 158 199 547 Other d¢btors include deposit for le85ed property of £23,280 {2022: £23,280) due after more than ne year. 14. CREDITORS: AMOUNT FALLING DUE WITHIN OF4E YEAR 2023 2022 Accruals deferred income T&xation NatEonai Insurallce Other ¢r¢ditor$ 479,940 455,539 14,666 366 499.869 472,932 The pension liability at 31 Decembtr 2023 is £1,70812022.. £1.527) with pcnsion cost for the year at £8,33912022- £8,797). Pag¢l 18 CARE ENGLAND (A COMPANY LIMITED B Y GUAIiANTEE) NOTES TO THE FINANCIAL STATEMEKrs For the year end¢d 31 D¢c¢mbcr 2023 15. DEFERRED INCOME 2023 2022 Balatlce brought forward R¢lease to income during the year Subscriptions incgme Taised in advance in this year and not paid Subscriptions in advance received in this year Oiher incon]e ]ais¢d in advRnGe in this yEar 415223 (415223) 121,153 304J56 331,414 {331,414) 102,550 309,673 3,000 415223 433,509 16. PROVISIONS FOR LIABILITtEs Property provision 21123 2022 As at 1° Jatjuary Discharge for the year Addition forihe year As at 3l' De¢ember 1,600 24,000 (24,000) 1,600 The PToperry PTovision reflects the recognition of the Tnsstees, best estimate of a dilapidation liability on aproperty l¢a5ed to Septe￿ber 2027. 17. STATEMENT OF FUNDS Ststement of Funds- current year Balanee at I January 2023 Incorne Expenditure B*lance at 31 December 2023 UnrestrletÈd Futtds 1032 744 91.026 63.666 Restricted Fond8 EvEtit Care Ilome Open Day TotAI Restricted Funds 8.666 8,666 Total Funds 1,032,744 991.026 J J72?32 Statement of FuDd$- prior year Balallce at I January 2022 Income Expenditure Balance at 31 De¢¢mb¢r 2022 Unrestritted Funds 1.348.468 974 984 1,321948 Restricted Funds Event ca￿ Home Open Day CPA Grant Total Restrieted Fullds 8,666 8.666 75,000 75,000 75.000 8,666 8.666 Total Funds 1.357.134 1.023.464 1049 984 1,330,614 Pagel 19 CARE ENGLAND (A COMPANY LIMITED BY GUARANTEF.) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 AD#lysls of Assets between FuDd$ 2023 2023 2023 Restrieted Funds UnrestrÈeted FuEJds Total Funds Tangible Fixed Ass¢ts Cash at balallce and in hand Debtors Creditors Provision for liabilities Total 35.625 1.616,152 21¥,158 1499,869) 6,400 1063,666 35,625 1,624.818 218,158 (499J169) 8,666 1,372,332 2022 2022 2022 Restricted Funds Unre5trict¢d Tolal Funds Tangible Fixed Assets Cash at balallCE and in hand Debtors Creditors Provision for liabilities Total 42.874 42,874 1,563.059 1,571,725 190.547 190,547 {472.932) {472.932) 1,600￿ .LL 1 321948 1330 614 8,666 18. STATEMEIYT OF CHANGE EN RESOURCES APPLIED FOR PIXED ASSETS FOR THE CHARI￿ USE 2023 2022 Net movement in unrcsirictcd funds for the year Resources used for net acquisition of tangible f￿ed assets N¢t movement in ￿r¢striQted funds available for fvture activities 41.718 54 64 (26.520) 36 19. RECONCILIATION OF NET MOVEMENT IIY FUNDS TO NET CASH FLOW FROM OPEIL4Tif4G AcrtVITIES 2023 2023 2023 Restricted UDTe5tricted Total Funds fuDd$ 41,718 Net movement in fut)d$ for the reporting period las PeT th¢ Statement of financial activities) Depreciation Charges Provision for dilapidation Ellterest from investtnent Increase its dtbtors ncrease in Creditors Net cash provided byl(us¢d inl operaling activities 41.718 12,603 4AOO {15,269) (27.611) 26.937 12,603 4,800 (15269) (27,611) 26.937 43.178 Pag¢ | 20 CARE ENGLAND {A COMPANY LIMITED B Y GUARANTEE) NOTES TO THE [￿ANCIAL STATEMF.NTS For the year ended 31 December 2023 Note 19 ￿ntillUed 2022 2022 2022 Restricted Unrestricted Tot&E Funds funds Net moveEnellt in funds for the reporting ptriod (a5 per the statement of financial activities} DepTe¢iation charges Dilapidation charges Interest from investment Increase Én dcbtors Increase in ¢reditors Net ￿sh provided byl{used in) operating activities (26,5201 126.520) 4,664 {22,4001 {4,6621 (20.3471 81,143 11,878 4,664 122,400) 14,662} 120,3471 11,878 20. ANALYSIS OF CASH AND CASH EQUIVALENTS tNCLUDING NET DEBT Allalysis of Net Casb At I JAnuary 2023 Cash nows cash cbaDges At31 December 2023 Short term investments .ash and ¢a8h equivalents 1,210,709 361,016 42,967 10,126 J253,676 371,142 Totsl net cash 71,725 1624.818 21. CONTINGENT LIABILITIES There w¢re no colltillgent liabilities at 31 DEcEmb¢r 2023 OT 31 December 2022. 22. LEASING COMMITMENT At thc balance sheet date. the company had ¢ommitmet)ts under non-canc¢llable operating lea5¢9 as follows. Operating leases which expire= 2023 2022 W￿thin one year Betw¢en two to five years 47.640 126 910 174550 51,513 174 550 226 063 The operating lease cost during the year w&% £47.240 (2022- £48,969) Page | 21 CARE ENGLAND (A COMPANY LIMITED B Y GUARANTEE) NOTES TO THE FtNANCIAL STATEMENrs For the year ended 31 December 2023 23. CAPITAL COMMITMENrs There were no capital commitments at 31 December 2023 or 31 December 2022. 24. RELATED PARTIES Care Englalld is a membership organisation. All of the trustees of Care England are directors, trustets or stsff of cthmpanitg a&%ociations that are membcrs of Cart England. Owing to the nature of the operations of Care England. attd the t￿￿tte$ beFng drawn fron) the tsrganisatiolls that are mtmbeTS of CaTe Ellglatkd. it Ks inevitable that tr&ns&ctions lak¢ place betw¢¢n Care England and organisatlOn5 in which trustees havt an interest. All transaction5 between the various organisations and Care England are at ami's length alld are on tht same basis for all Me￿iberS. Nont of the trustees of Care England or the companies and associations that they represent receives any benefit these aTrangemtnts. There are no other related party transactions itt the reporting period or previous period that require disclosure. Pag¢ | 22