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2023-03-31-accounts

Caritas Care Limited

(A Company Limited by Guarantee)

Report and Financial Statements Year ending 31 March 2023 Charity number: 326021 Company number: 1596400

REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023

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Caritas Care Limited

INDEX Page
Report of the Trustees 2
Report of the Independent 16
Auditors
Statement of Financial Activities 19
Balance Sheet 20
Cash Flow Statement 21
Notes on the Cash Flow 21
Statement
Notes on the Financial 22
Statements
Detailed Statement of Financial 32
Activities

REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023

The trustees who are also directors of the charitable company are pleased to present their annual directors’ report together with the financial statements of the charity for the year ending 31 March 2023 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; FRS 102 (effective 1 January 2019).

Chair’s report

I am pleased with the impact and outcomes that the Charity has achieved in the delivery of its services during the year ending 31 March 2023. Caritas Care has emerged from the difficulties presented by the pandemic, which affected the nation during the last three years, as a stronger and leaner player in the social care sector, as committed as ever to the delivery of excellent services

The year brought both challenges and opportunities in terms of service delivery and finance; however, it is pleasing to record in this report that we have continued to deliver outstanding services across our charity despite the financial pressures that we have encountered. The staff team and volunteers across the Charity have evidenced their commitment and dedication to their service and to our values, and in doing so; have made a positive difference to the lives of all with whom they have engaged over the year.

Mary Leavy Chair

OUR PURPOSES AND ACHIEVEMENTS

Objectives and aims

The objects of the Charity, as stated in its Memorandum of Association are:-

...to further the general charitable works of the Roman Catholic Church both in the Diocese of Lancaster and elsewhere in the United Kingdom in particular, but not exclusively, by providing services and facilities for the relief of poverty and suffering, the advancement of education, the promotion of social justice, and other charitable acts which promote the development of individuals and communities, for the benefit of people of all faiths and none. To this end the

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Caritas Care Limited

Charity's activities will be directed to children and young people without families able to care for them, children and young persons in trouble or at risk, people with disabilities and individuals, families, communities and groups who are in need.

In order to achieve the objects, the Charity delivers a range of services and engages in activities for the public benefit.

The key strategies were to:

Following our founding ethos, we will respond positively to the changing needs of our communities with projects and services that give better life chances to people of all ages and work in the best ways possible to:

The work of Caritas Care is embodied in its values;

Friendliness - we believe in welcoming everyone with warmth and kindness. We want people to feel included and to create a sense of belonging.

Fairness - we believe in equality and strive to be respectful in everything we do. We listen to the needs of others and put them at the heart of our work.

Integrity - we believe in being open and honest in all parts of our work. We support people from all walks of life and treat each person with dignity and acceptance. We believe in their value.

Freedom to choose - we believe in empowering people to reach their full potential and to have a happy, fulfilled life. We provide opportunities so all families and communities can make their own choices and lead the lives that they want to.

Collaboration - we believe by bringing communities together and by building relationships, we can create a brighter, happier future. Through working with our supporters and other organisations, we aim to make our vision a reality.

Significant activities

Caritas Care believes that wherever it is possible, a child should grow up in a stable and nurturing family environment, therefore, the charity provides this opportunity for children, unable to live within their birth families, through a range of placement options from respite foster care to adoption. Caritas Care is a Voluntary Adoption Agency and Registered Independent Provider of Foster Care.

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Caritas Care Limited

Our independent specialist adoption service has been finding families for children and helping adopters on their journey to becoming parents for nearly 90 years. Our belief is that all children deserve a loving family and that all adopters should be supported at every stage of the adoption process. Adoption is a lifechanging decision, which is why we have developed a full range of adoption support services and routes to adoption to give children the opportunity to enjoy family life and stability throughout their childhoods; these include:

Foster carers provide care for children who, for many different reasons are unable to live with their birth families. Caritas Care believes that all children deserve the opportunity to experience life in a loving family and that all children and foster carers should be supported at every stage of the fostering journey. Our foster care service provides a full support programme including:

Foster carers come from all walks of life. Each foster carer is unique, as is every child who needs a foster family. Our foster carers share a desire to make a positive difference for the children placed with them for the duration of their stay, whether that be for a short period of time or longer term.

In working with People with a Learning Disability, Caritas Care is driven by its tradition and values to treat each person with dignity and respect. The Charity is committed to a person-centred approach and promotes choice, opportunities and independence through support for people who have disabilities. The Charity offers a variety of learning disability services. Our Day Projects and Supported Living Services, based in Lancashire, offer wide ranging fun activities for people with learning needs of varying ages. We believe that people with all levels of disability should have opportunities to enjoy stimulating activities, and that their physical or health needs, however complex, should not be a barrier to them accessing new and exciting experiences. Set in the heart of the city of Preston, our projects enable this by providing a fully accessible, safe and caring environment, which offers:

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Caritas Care Limited

Working closely with service users and their families, social care and health professionals, the Charity responds positively to the needs of every person who comes to us, whatever their disability or need.

Through our Community Projects, Caritas Care helps to combat social isolation and disadvantage by providing support to people on the margins of society through our services at Plungington Community Centre. Vincent House provides accommodation in Blackpool and support to men and women who find themselves homeless. It is our belief, that everyone should have a home to call their own, and the chance to make positive changes in their lives, which will contribute to better outcomes for them. We provide emergency and supported accommodation with access to local networks and community organizations that provide advice, support and guidance needed to enable residents to regain their independence and take responsible steps towards integrating into the community.

Plungington Community Centre is located in the University quarter of Preston just outside the city centre. The former school building, now the Community Centre provides a range of activities, support and entertainment for people of all ages. We believe that everyone in the community should have local access to affordable activities toimprove physical and emotional health and wellbeing and reduce social isolation. The centre has a large hall, including a stage, and a number of smaller rooms, all available for hire by community groups. We work with a variety of local groups who provide a range of activities and opportunities from our Community Centre.

Volunteers are an intrinsic part of our service delivery across the Charity. Certain areas and services are more dependent upon volunteers, whilst in other areas the scope for volunteering is minimal and more specialist in nature. In our work with children, approved adopters and foster carers assist through their membership of the Adoption and Foster Care Panels, assisting in preparation training for new applicants, acting as mentors and advisors to prospective adopters and foster carers, assisting with recruitment events and support groups. Learning Disability Services have attracted volunteers to support centrebased activities. However, the greatest number of volunteering opportunities are within our community activities and community centre where our work with unemployed people and ex-offenders is supported through volunteering and mentoring projects.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives, planning future activities and setting strategic plans.

Achievements and performance

Over the last year, Caritas Care has continued to reach out and engage with children, families and adults to deliver the support they needed, now more so than ever because of the COVID 19 pandemic. We also remained GDPR compliant across the Charity, further developed our IT and communication resources and maintained effective working relationships with our partners, commissioners and stakeholders.

Our work in Adoption and Foster Care

In 2022-23 we:

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service, and a further 14 through our Concurrent Planning Service

In 2023-24 we will; continue to work alongside our partners in the public and voluntary sectors, developing innovative and excellent practice to find families for those children who wait the longest. In so doing, we will continue to assess, monitor and evaluate the significant challenges that the changing Adoption landscape presents.

Our ambition is to:

Our work with people with disabilities

This year we have developed all aspects of our work with people who have a learning disability and in our day projects, returned to pre-pandemic levels of activity in terms of both numbers of sessions offered and people supported on a daily basis.

In 2022-23 we:

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Caritas Care Limited

In 2023- 24 we will continue the growth in the delivery of our day projects to attract more people with both moderate and complex needs; and increase the number of people within our Supported Living services. Our ambition is to:

Our work in the community

This year we have continued our innovative and creative work with people in communities, working to support people at times of difficulty in their lives, and particularly in recognition of the longer-term impact of the COVID 19 pandemic.

In 2022-23 we:

In 2023-24 we will seek to secure the necessary funding to support our community work. Our ambition is to:

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Caritas Care Limited

FINANCIAL REVIEW

Financial position

The Charity incurred a deficit for the year of £124,517. The total retained reserves of the Charity at 31 March 2023 are £1,635,643.

Financial Summary

Incoming Resources
Resources Expended
Retained (Defcit)/Surplus
Funds
Restricted Funds
Unrestricted Funds:
designated funds
Unrestricted Funds: general
funds		 2023
£
7,465,30
0
(7,589,8
17)
(124,517
)
29,488
679,862
926,293
1,635,64
3		 2022
£
7,391,02
3
(7,171,55
9)
219,464
38,117
666,977
1,055,06
6
1,760,16
0

The principal funding sources are fully detailed in the notes to the financial statements on page 23.

Investment policy and objectives

Under the Memorandum and Articles of Association, the Charity has the power to make any investment, which the Board of Management see fit and would do so in an ethically responsible manner. The Trustees, having regard to the liquidity requirements of the Charity’s services and the uncertainty within the social care sector, have kept available funds in an interest-bearing deposit account. Due to wider economic circumstances deposit rates remained depressed until the start of the calendar year. Since then the rates offered on deposits have increased. The Trustees have therefore determined that excess funds should be invested in short term deposits.

Reserves Policy

Reasons for Establishing a Reserves Policy

Under the requirements of Charity Law, the Trustees are obliged to define the Charity's policy for holding reserves. The intention in establishing the reserves policy for Caritas Care is to secure the continuation of the Charity's activities. The policy will:

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Caritas Care Limited

investment; and

Desired Level of Reserves

The Charity has a range of legal and moral responsibilities to purchasers of its services, to those who use its services, as well as contractual commitments to employees. In addition, Caritas Care has a broader responsibility to the communities within our area of benefit. To this end the Charity undertakes to:

Steps to Establish the Reserves Policy

Historically the Charity has generated reserves. The Board, in discharging its duties under Charity and Company Law, considers the appropriate use to which such reserves should be applied. To maintain appropriate levels of reserves the Board has determined that:

Monitoring and Reviewing the Policy

The Board has resolved that:

FUTURE PLANS

Impact Evaluation

We have continued to monitor progress against the strategic objectives set out in our 2021 – 2023 Strategic Plan utilising our Balanced Scorecard performance management system. This provides a visual overview of progress using a RAG (Red-Amber-Green) rating of the performance of all our services. This system involves the examination and analysis of qualitative and quantitative data across our Charity, to measure our service delivery and impact. Going forward we will continue to monitor performance in the following areas:

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Caritas Care Limited

Annually we revise and refine the Balanced Scorecard to ensure the data we collect and analyse evidences the quality and impact of our work. Our trustees monitor this, alongside a quarterly strategic review of our services.

Our ambition is to:

Plans and Challenges for 2023-24

In recognition of the deficit position at the end of the financial year 2022 – 2023, a significant challenge in the coming year, given the current economic climate, is to reduce the overall financial deficit of the Charity in order to ensure financial stability going forward. However, the challenge will be to ensure that we do not compromise on delivering a quality service in any cost saving measures that we undertake.

As we enter the final year of our Strategic Plan for 2021 – 2023, we continue with our mission to create chances, choices and opportunities for as many people and communities in the North West region to live better lives.

Next year (2024- 2025) will see the implementation of a new Strategic Plan which will be developed throughout this year (2023). The new strategic plan will be informed by a review and analysis of the impact of our existing offer and in consultation with our service users and beneficiaries, staff, stakeholders and trustees. Our current mission, vision and values will continue to be an integral component of our next strategic plan.

Our Strategic Ambitions

This current Strategy continues to build upon our previous successes. It will contribute to our sustainability through maintaining high quality support and excellent service delivery, which benefits service users and commissioners of our services. The Strategy provides a structure within which we can deliver our charitable objects, focussing our resources and energies on the activities which will best serve our community and the people we support, in ways that recognise and respond to the current challenges facing social care and service providers. The Strategy prioritises:

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Caritas Care Limited

Our Strategic ambitions are designed to promote sustainability, prioritise the needs of service users, and increase our visibility, skills and service quality in response to identified need. The ambitions reflect the unique contribution that we make as a social care provider in a volatile, unstable and competitive market, as we work to deliver our aspirations and build a better future for our service users. We aim to strengthen the Caritas Care ‘family’, build trust and collaboration across our partners and stakeholders to enhance our sustainability, build our skills and extend our reach to offer more people the chances, choices and opportunities to live the best lives that they can.

Our Challenges in achieving our strategic objectives are:

Additionally, we need to ensure our Board of Trustees are compliant with the Charity Commission Governance code.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The Trustees have responsibility for the strategic direction of the charity, ensuring that it is financially sound, well-run, and delivering the charitable outcomes for the public benefit for which it was set up.

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Caritas Care Limited

Appointment to the Board of Management is by election of the members by simple majority. Appointment is for a maximum period of three years; there is no restriction on reappointment. One third of Trustees retire by rotation each year. The Board elects its Chair and Vice Chair from its members.

The Board seeks to ensure a good mix of experience and expertise, including local government, finance, legal, human resources, marketing, education, health, commercial business, and experience relevant to the services the charity provides.

When the need for recruitment is identified, vacancies are advertised and applicants are interviewed by a small panel of Trustees, which includes the Chair, and the CEO.

Appointments are recommended to and confirmed by the full Board. All Trustee appointments are subject to a satisfactory enhanced disclosure check from the Disclosure and Barring Service and references.

The Board of Trustees also appoints the Chief Executive Officer (CEO), who is accountable to the Trustees for the day-to-day operation of the charity, and for implementing strategy approved by the Trustees. The CEO is salaried and not a Trustee. No Trustee has any financial interest in or receives any remuneration for his or her services as a Trustee, but may be reimbursed for reasonable and necessary expenses.

Organisational structure

A list of Trustees is shown on page 13. The Trustees of Caritas Care are collectively referred to as the Board of Management (Board) which is responsible for the strategic management of the Charity. The Board meets four times a year and a Finance Committee meets between Board meetings. The Charity’s Health and Safety Group also meet quarterly or as required.

The Trustees agree the strategic direction of the Charity and ensure that this is in accordance with its mission and ethos. Operational management is delegated to the CEO who is supported by a senior leadership team (SLT). Each area of service and activity is managed by a service manager who report to the SLT. Various structures are in place to ensure cohesion across the Charity. The SLT generally meets each week and a forum of key service managers meets every six weeks. This enables the Charity to be constantly learning and developing through the sharing of experience, development of procedures and the cascading of policy developments.

The Trustees receive a comprehensive annual spending plan and budget for their scrutiny and adoption. All service developments are reported to the Trustees, plans are considered by the Board and costing implications examined by the Finance Committee. There is delegated spending authority approved through financial protocols, which set prudent limitations on all levels of management. These protocols are reviewed annually. Any deviations from budget occurring are reported to the Board of Management at the earliest opportunity. It is at Board level that all decisions are made about the development of new services or activities.

Induction and training of new trustees

New Trustees undergo an induction process to brief them on their legal obligations under Charity and Company Law, the content of the Memorandum

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and Articles of Association, the ethos, vision, mission and values of Caritas Care, the recent financial performance of the Charity and the financial projections.

New Trustees are given an Induction Pack, which contains key Charity Commission guidance on their roles and responsibilities. During the induction process, new Trustees meet with key operational employees and have opportunities to visit projects and services. Where this is not possible virtual meetings are arranged to introduce new Trustees to service managers. The Trustees attend development and training events and are linked with services and projects where this may aid their appreciation and understanding of Caritas Care and facilitate their functioning as trustees. Bi-annual Trustee development days are arranged to consider the future direction and development of the Charity.

Key management remuneration

The salary of the senior staff is reviewed periodically by the Trustees. It is benchmarked against pay levels in other charities of a similar size operating within the sector.

Risk management

The Board has required the CEO to undertake a review of the risks to which Caritas Care is exposed and advise the Trustees of the systems established to mitigate those risks. A Business Continuity Plan is reviewed and presented to the Board annually and a Risk Register is considered by the Trustees at every Board meeting. A finance Risk Register is reviewed at each meeting of the Finance Committee.

Senior members of the Charity's staff sit on appropriate bodies, both to contribute to the development of services and ensure that Trustees are furnished with good and true information to aid their discernment of planning, opportunity and risk.

Much of the Charity's approach to risk is determined by a thorough appreciation of the environment in which the Charity operates, and by ensuring that appropriate, experienced and qualified members of staff are recruited and further and appropriately trained.

Financial risks are managed through scrutiny of cash flow, monitoring practices, and the implementation of rigorous financial controls and procedures for the authorisation of all transactions and projects. Trustees receive information about the financial position of the Charity on a monthly basis.

Risk associated with the employment of staff is minimised through a contract with external employment and legal advisers. This contract indemnifies the Charity against legal challenge where the Charity follows the explicit guidance of advisors.

The Senior Leadership Team evaluates each service and project on a quarterly basis through the use of the Balanced Scorecard performance monitoring system where risks and assessment of delivery is considered. The results are then communicated to the Trustees at the following Board Meeting.

The Charity's insurance arrangements are regularly reviewed, and opinion is sought whenever a new area of risk, such as a new project, is identified.

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A Health & Safety Group, drawn from the staff team and Trustees, audits the measures taken to secure the wellbeing of its staff, visitors and those who use its services and premises; Caritas Care has an approved Health & Safety Policy.

A Safeguarding Lead Trustee has been appointed and Trustees have all undertaken refresher safeguarding training.

The Trustees' Appreciation

The Trustees express their appreciation of the work of our volunteers whose generosity and endeavours have helped the Charity to deliver its objects during the course of 2022-23. Each year Caritas Care benefits from the generosity of the people of the North West who support organised fundraising events and those who make individual donations and bequests. The Trustees gratitude, therefore, extends to our individual donors and funders who continue to show their confidence in this Charity with their support for its work and encouragement of its development.

Finally, the Trustees extend their gratitude to the staff and employees whose professionalism, commitment and personal values have enabled the Charity to achieve so much in a climate, which continues to offer considerable challenge. Through the determined application of its staff and volunteers, Caritas Care has been able to make a positive difference to the lives of children and young people, families, adults who have disabilities, and those marginalised and vulnerable groups of people with whom we have worked through the year.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 1596400

Registered Charity number

326021

Registered office

218 Tulketh Road Ashton Preston Lancashire PR2 1ES

Trustees

Angela Bowman Patricia Dyson Matthew Eddisford Michael Fetherstone Michael Gaskell Mary Leavy Stuart Lee Anne-Marie Morgan Catherine Parkinson Christine Sutherland Tracy Woods

Resigned 16-9-23 Appointed 4-8-22 Appointed 4-8-22 Resigned 3-4-23

Appointed 4-8-22 Resigned 6-2-23

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Caritas Care Limited

Company Secretary & CEO

Susan Swarbrick

Auditors

Wallwork Nelson & Johnson Registered Auditor Chandler House 7 Ferry Road Office Park Riversway Preston Lancashire PR2 2YH

Solicitors

Harrison Drury & Co Ltd 21 Castle Hill, Lancaster

Morecrofts

2 Crown Buildings Liverpool Road Crosby LIVERPOOL

Medical Advisors

Dr Z Patel C/o 218 Tulketh Road Ashton Preston

Dr M Orr

48 Cross Keys Drive Chorley

Dr G Hobbs

C/o 218 Tulketh Road Ashton Preston

Bankers

HSBC Bank 35 Market Street Lancaster

CAF Bank 25 Kings Hill Avenue West Malling Kent

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees (who are also the directors of Caritas Care Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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Caritas Care Limited

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the trustees are required to:

The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

AUDITORS

The auditors, Wallwork Nelson & Johnson, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the Board of Trustees on 1 August 2023 and signed on its behalf by:

............................................. S B Swarbrick - Secretary

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Caritas Care Limited

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CARITAS CARE LIMITED FOR THE YEAR ENDED 31 MARCH 2023

Opinion

We have audited the financial statements of Caritas Care Limited (the 'Charitable Company') for the year ended 31 March 2023, which comprise the Statement of Financial Activities, the Balance 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 (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the Charitable Company in accordance 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve 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 sections of this report.

Other information

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The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Statement of Trustees’ Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern 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 alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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Caritas Care Limited

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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 exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the Charity’s Trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charity’s trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Wallwork Nelson & Johnson Registered Auditor Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Chandler House

7 Ferry Road Office Park Riversway Preston Lancashire

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Caritas Care Limited

Date:

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Note
s
INCOME AND ENDOWMENTS
FROM
Operating Income
2
Investment Income
3
Total
EXPENDITURE ON
Raising funds
4
Charitable Activities
5
General
LCC- SLA Learning Disability
Services
Donations and Fundraising
Big Lottery Fund –ACE
Project
Big Lottery Fund-PCC
PCC Refurbishments
Community Grants
COVID Funding
Total
NET (EXPENDITURE)/INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 31/3/20
23
31/3/202
2
Unrestrict
ed
Restricte
d
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
7,398,243
51,851
7,450,0
94
7,376,36
7
15,206
-
15,206
14,656
7,413,449
51,851
7,465,3
00
7,391,02
3
1,568
-
1,568
1,375
7,527,769
8,629
7,536,3
98
6,767,73
8
-
-
-
61,582
-
21,467
21,467
26,065
-
7,027
7,027
162,477
-
3,597
3,597
-
-
-
-
40,188
-
19,760
19,760
30,575
-
-
-
81,559
7,529,337
60,480
7,589,8
17
7,171,55
9
(115,888)
(8,629)
(124,51
7)
219,464
1,722,043
38,117
1,760,1
60
1,540,69
6
1,606,155
29,488
1,635,6
43
1,760,16
0

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Caritas Care Limited

BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2023

Note
s
FIXED ASSETS
Tangible Assets
11
Investments
Investment Property
12
CURRENT ASSETS
Debtors
13
Cash at Bank
CREDITORS
Amounts falling due within one
year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES /NET
ASSETS
FUNDS
15
Unrestricted funds
Restricted funds		 2023
2022
£
£
340,198
360,233
174,000
174,000
514,198
534,233
897,223
858,506
980,285
1,215,23
1
1,877,5
08
2,073,73
7
(756,06
3)
(847,810
)
1,121,4
45
1,225,92
7
1,635,6
43
1,760,16
0
1,606,1
55
1,722,04
3
29,488
38,117

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Caritas Care Limited

1,635,6 1,760,16 43 0

TOTAL FUNDS

The Charity is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The Trustees acknowledge their responsibilities for

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011. These financial statements have been prepared in accordance with the special provisions of part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the Charitable Company.

The financial statements were approved by the Board of Trustees on 1 August 2023 and were signed on its behalf by:

.............................................

M Leavy –Trustee

CASHFLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

Note
s
Cash fows from operating
activities
Cash generated from
operations
1
Net cash provided (used in)
by operating activities
Cash fows from investing
Activities
Purchase of tangible assets
Sale of tangible assets
Investment Income received
Net cash provided (used in)
by investing activities
Change in cash and cash
equivalents in the reporting		 2023
2022
£
£
(233,72
9)
189,403
(233,72
9)
189,403
(7,492)
(24,293)
3,635
1,016
2,640
18
(1,217)
(23,259)
(234,94
166,144

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Caritas Care Limited

period 6)
Cash and cash equivalents at
the beginning of the 2 1,215,2 1,049,08
reporting period 31 7
Cash and cash equivalents at
the end of the reporting 2 980,285 1,215,23
period 1
NOTES ON THE CASH FLOW STATEMENT
1
**RECONCILIATION OF **		 **NET (EXPENDITURE)/INCOME ** TO NET
CASHFLOW FROM OPERATING ACTIVITIES
2023 2022
£ £
Net (Expenditure)/Income for
the reporting period (as per
the statement of fnancial (124,51 219,464
activities) 7)
Adjustment for:
Depreciation charges 23,892 28,998
Investment income received (2,640) (18)
(Increase)/Decrease in (38,717 44,725
debtors )
(Decrease) in creditors (91,747 (103,766
) )
Net cash provided (used in)
by operating activities (233,72 189,403
9)
2
ANALYSIS OF CHANGES IN NET FUNDS
At 1/4/22 Cashfow At
31/3/23
£ £ £
Net Cash
Cash at Bank 1,215,23 (234,946 980,285
1 )

NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the Charitable Company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Page 23 of 35

Caritas Care Limited

Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

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

Freehold property - not provided
Improvements to property - 20% on cost
Fixtures and fttings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

The policy of not providing depreciation on all freehold buildings is a departure from the Companies Act 2006 and FRS15 paragraph 84 but is necessary to give a true and fair view. It is the Charity's policy to maintain buildings to such a standard, and their residual values are such that depreciation is not significant, consequently certain freehold buildings are not depreciated.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

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

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

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

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Caritas Care Limited

Pension Contributions

Caritas Care is an admitted body to Lancashire County Pension Scheme. This scheme is a multi-employer defined benefit scheme, which is funded by contributions from employees and employers. Members of the Pension scheme may also contribute added years to the scheme or take out an additional voluntary contribution scheme, each of which is funded by the employee alone. New and existing staff who are not members of the Local Government Pension Scheme (LGPS) are automatically admitted to the Peoples Pension auto enrolment scheme, unless they exercise their right to opt out of the scheme.

The County Treasurer's Department of Lancashire County Council administers the LGPS scheme after taking advice from the scheme’s actuaries William M Mercer. It is managed in accordance with the Local Government Pension Scheme Regulations 1997, (as amended). Past and present employees are covered by the provisions of the Scheme.

The Trustees are unable to confirm the Charity’s share of the underlying assets and liabilities of the

Lancashire County Pension Scheme and therefore the Scheme is accounted for as a defined contribution scheme. This treatment is permissible under FRS 102, under the provisions of multi-employer schemes. The LGPS provides that in the event that a single employer has individuals contributing to the scheme then any remaining liability for benefits payable under the scheme fall on that employer. Since the main participating employers are statutory bodies the Trustees consider it highly improbable that such a liability will ever fall to the Charity.

2 OPERATING INCOME

OPERATING INCOME
Grants and Fees 2023
2022
£
£
7,450,0
94
7,376,36
7
7,450,0
94
7,376,36
7

Grants and fees received, included in the above are as follows:

LCC-SLA Learning Disabilities
Services
Big Lottery Fund-ACE Project
Big Lottery Fund-PCC
COVID Funding
Donations and Fundraising
Grants & Fees
Community Grants
Total cash and cash
equivalents		 2023
2022
£
£
-
50,077
7,027
142,636
3,597
-
-
81,559
21,467
69,338
7,398,2
43
7,002,18
2
19,760
30,575
7,450,0
94
7,376,36
7

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Caritas Care Limited

3 INVESTMENT INCOME

Fundraising Income
Rental Income
Investment Income
4
RAISING FUNDS
Raising donations and
legacies
Fundraising costs
5
CHARITABLE ACTIVITIES COSTS
General
LCC-SLA Learning Disabilities
Services
Donations and Fundraising
Big Lottery Fund – ACE Project
Big Lottery Fund-PCC
Community Grants
COVID Funding
PCC Refurbishments
6
NET INCOME/(EXPENDITURE)
Net Income/(Expenditure) is
stated after
charging/(crediting):
Depreciation – owned assets
Proft on disposal of assets
Loss on disposal of assets
Proft on disposal of investments		 2023
2022
£
£
-
2,916
12,566
11,722
2,640
18
15,206
14,656
2023
2022
£
£
1,568
1,375
1,568
1,375
2023
2022
£
£
7,536,3
98
6,767,73
8
-
61,582
21,467
26,065
7,027
162,477
3,597
-
19,760
30,575
-
81,559
-
40,188
7,588,2
49
7,170,18
4
2023
2022
£
£
(23,892
)
(28,998)
-
12,000
(3,635)
(716)
-
52

7 TRUSTEES’ REMUNERATION, BENEFITS AND EXPENSES

There were no Trustees’ remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

There were no Trustee’s expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Legal fees of £788 were charged by Harrison Drury, the firm of Solicitors where Michael Fetherstone is a consultant, during 2022-23 in regard to the ending of

Page 26 of 35

Caritas Care Limited

the lease at Finkle Street. These fees were incurred after Michael Fetherstone became a Trustee of the Charity. Mr Fetherstone did not act on behalf of the Charity in respect of this commission.

8 STAFF COSTS

Wages and Salaries
Social Security Costs
Pension Costs		 2023
2022
£
£
3,989,5
68
3,820,73
2
344,207
312,843
351,456
373,221
4,685,2
31
4,506,79
6
The average monthly number of employees during the year
Direct Charity workers
Management and administration		 was as follows:
2023
2022
134
136
12
11
146
147

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£60,001 - £70,000
£70,001 – £80,000		 2023
2022
2
1
1
0

In addition, the Charity benefitted from the service of over 30 Volunteers. No remuneration was paid to these individuals.

9 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Note
s
INCOME AND ENDOWMENTS
FROM
Operating Income
Investment Income
Total
EXPENDITURE ON
Raising funds
Charitable Activities
General
LCC- SLA Learning Disability
Services
Donations and Fundraising
Big Lottery Fund –ACE
Project
Community Grants		 2022
Unrestric
ted
Restrict
ed
Total
Funds
Funds
Funds
£
£
£
7,004,079
372,288
7,376,36
7
14,656
-
14,656
7,018,735
372,288
7,391,02
3
1,375
-
1,375
6,762,687
5,051
6,767,73
8
-
61,582
61,582
-
26,065
26,065
-
162,477
162,477
-
40,188
40,188

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Caritas Care Limited

PCC Refurbishment
COVID Funding
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 -
30,575
30,575
-
81,559
81,559
6,764,062
407,497
7,171,55
9
254,673
(35,209)
219,464
1,467,370
73,326
1,540,69
6
1,722,043
38,117
1,760,16
0

10 PENSION

Caritas Care is an admitted body to Lancashire County Pension Scheme. This scheme is a multi-employer defined benefit scheme. Contributions are charged in the Statement of Financial Activities as they accrue. The contributions not paid over to the scheme administrator at the year-end were £31,378 and are included in creditors.

The most recent triennial review of the scheme was undertaken in 2022-23 and as a result the Charity's employer contributions to the scheme have been revised to 23.3% There is no longer a requirement to pay additional sums in respect of past members as the scheme was fully funded at the point of the triennial review.

Staff not members of the local government pension scheme were admitted to the Peoples Pension auto enrolment scheme. The Charity makes a contribution of 3% for all members of this scheme except where the employee was previously a member of the stakeholder scheme or where the member of staff would have been admitted to the stakeholder scheme. In these instances, an 8% employer's contribution is made. The value of contributions not paid over to the scheme administrator at the year-end was £11,492 and is included in creditors.

The total employer contributions made for the accounting period are treated as an expense and were £351,456 (2022 £373,221).

11 TANGIBLE FIXED ASSETS

COST
At 1 April 2022
Additions
Disposals
At 31 March 2023
DEPRECIATION
At 1 April 2022
Charge for the year
Eliminated on Disposal		 Freehol
d
Propert
y
Improveme
nts to
Property
Fixtures
and
Fittings
£
£
£
287,992
329,587
97,979
-
3,524
1,800
-
-
-
287,992
333,111
99,779
-
303,148
87,243
-
9,243
5,173
-
-
-

Page 28 of 35

Caritas Care Limited

At 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022		 -
312,391
92,416
287,992
20,720
7,363
287,992
26,439
10,736
COST
At 1 April 2022
Additions
Disposals
At 31 March 2023
DEPRECIATION
At 1 April 2022
Charge for the year
Eliminated on Disposal
At 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022		 Motor
Vehicle
s
Computer
Equipment
Totals
£
£
£
46,700
50,913
813,171
-
2,168
7,492
(6,141)
(1,886)
(8,027)
40,559
51,195
812,636
25,937
36,610
452,938
4,327
5,149
23,892
(2,687)
(1,705)
(4,392)
27,577
40,054
472,438
12,982
11,141
340,198
20,763
14,303
360,233

In March 2011, Vincent House, 61 Furness Avenue, Blackpool was transferred to Caritas Care when it assumed responsibility for the work of the Charity 'Homeless in Blackpool'. This property has been valued in 2006, by Michael Cuddy, Associates at £250,000. The valuation prepared by HDAK in April 2013 was £215,000.

12 INVESTMENT PROPERTY

2
INVESTMENT PROPERTY
FAIR VALUE
At 1 April 2022
Disposals
At 31 March 2023
NET BOOK VALIE
At 31 March 2023
At 31 March 2022		 £
174,000
-
174,000
174,000
174,000

18 Belvedere Road was transferred to Caritas Care when the Charitable Company took responsibility for the operations of Homeless in Blackpool on 14 March 2011. An estimate of the sale value of this property obtained (May 2023)

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Caritas Care Limited

from Zoopla property portal website is £191,000 based on the valuation of similar properties in the area. Given the fluctuations in the property market and modernisation, which would be required, the value of this property is recorded in the financial statements at £110,000, its value at the date of transfer.

In 2016- 2017 it was decided that the office owned by the Charity at 2 Rodney Street, Barrow, which is a terrace house, should be refurbished and offered as a rental property. This property, which is now tenanted, has been reclassified as an investment property and has been revalued accordingly. In 2017 the property was valued by Duxbury's at £64,000. A recent property search on Zoopla, indicated that the value of the property is now in the region of £74,000. Again given the fluctuations in the market, to be cautious the property has not be restated at this increased value.

13 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

13
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR		 E YEAR
2023
£
Trade Debtors
841,627
Other Debtors
-
Prepayments
55,596
897,223
14
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Trade Creditors
384,941
Social Security and other taxes
108,086
Other Creditors
154,912
Accruals and Deferred Income
108,124
756,063
Deferred Income
Balance as at 1 April 2022
Amounts Deferred in the year
Amounts Released in the year
Balance as at 31 March 2023
15
MOVEMENT IN FUNDS
2022
Movem
ent in
funds
Transfe
rs
Betwee
n funds
£
£
£
Unrestricted Funds
General Fund
1,055,066
(115,888
)
(12,885)
Redundancy Reserve
599,821
-
12,885
ICT Reserve
26,000
-
-
Property Maintenance
Reserve
41,156
-
-		 2023
£
841,627
-
55,596		 2022
£
810,952
5,416
42,138
897,223 858,506
2022
£
441,190
97,882
129,020
179,718
756,063 847,810
Transfe
rs
Betwee
n funds
£
(12,885)
12,885
-
-		 £
179,718
36,831
(108,425
)
108,124
2023
£
926,293
612,706
26,000
41,156

Page 30 of 35

Caritas Care Limited

Restricted Funds
Donations and Fundraising
Legacies
Training Grants
LDS Vehicles
Other Community Grants
TOTAL FUNDS		 1,722,043
(115,888
)
-
1,606,1
55
6,261
-
-
6,261
13,651
-
-
13,651
2,250
(2,250)
-
-
14,955
(6,379)
-
8,576
1,000
-
-
1,000
38,117
(8,629)
-
29,488
1,760,160
(124,517
)
-
1,635,6
43

Net movement in funds, included in the above, are as follows:

Incoming Resourc Gains Movem
Resource es and ent in
s Expend Losses Funds
ed
£ £ £ £
Unrestricted Funds
General Fund 7,413,449 (7,529,3 - (115,88
37) 8)
Restricted Funds
Donations and Fundraising 21,467 (21,467) - -
Training Grants - (2,250) - (2,250)
Big Lottery Fund ACE Project 7,027 (7,027) - -
Big Lottery Fund PCC 3,597 (3,597) - -
LDS Vehicles - (6,379) - (6,379)
Other Community Grants 19,760 (19,760) - -
51,851 (60,480) - (8,629)
TOTAL FUNDS 7,465,300 (7,589,8 - (124,51
17) 7)
omparatives for movement in funds
At Movem Transfe 31/3/20
1/4/2021 ent in rs 22
funds Betwee
n funds
£ £ £ £
Unrestricted Funds
General Fund 845,284 254,673 (44,891) 1,055,0
66
Redundancy Reserve 554,930 - 44,891 599,821
ICT Reserve 26,000 - - 26,000
Property Maintenance 41,156 - - 41,156
Reserve
1,467,370 254,673 - 1,722,0

Comparatives for movement in funds

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Caritas Care Limited

Restricted Funds

LCC-SLA Learning Disabilities Services Donations and Fundraising Legacies Training Grants Big Lottery Fund ACE Project LDS Vehicles Other Community Grants

TOTAL FUNDS

43
11,505 (11,505) - -
15,073 (8,812) - 6,261
13,651 - - 13,651
2,250 - - 2,250
19,841 (19,841) - -
10,006 4,949 - 14,955
1,000 - - 1,000
73,326 (35,209) - 38,117
1,540,696 219,464 - 1,760,1
60

15 MOVEMENT IN FUNDS continued

Comparative net movement in funds, included in the above are as follows:

ollows:
Unrestricted Funds
General Fund
Restricted Funds
LCC-SLA Learning Disabilities
Services
Donations and Fundraising
COVID Funding
Big Lottery Fund ACE Project
LDS Vehicles
PCC Refurbishments
Other Community Grants
TOTAL FUNDS		 Incoming
Resource
s
Resourc
es
Expende
d
Gains
and
Losses
Movem
ent in
Funds
£
£
£
£
7,018,735
(6,764,06
2)
-
254,673
50,077
(61,582)
-
(11,505
)
22,304
(31,116)
-
(8,812)
81,559
(81,559)
-
-
142,636
(162,477)
-
(19,841
)
4,949
-
-
4,949
40,188
(40,188)
-
-
30,575
(30,575)
-
-
372,288
(407,497)
-
(35,209
)
7,391,023
(7,171,55
9)
-
219,464

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Caritas Care Limited

A current year 12 months and prior year 12 months combined position is as follows:

s as follows:
Unrestricted Funds
General Fund
Redundancy Reserve
ICT Reserve
Property Maintenance
Reserve
Restricted Funds
LCC-SLA Learning Disabilities
Services
Donations and Fundraising
Legacies
Training Grants
Big Lottery Fund ACE Project
LDS Vehicles
Other Community Grants
TOTAL FUNDS		 At
1/4/2021
Movem
ent in
funds
Transfe
rs
Betwee
n funds
31/3/20
23
£
£
£
£
845,284
138,785
(57,776)
926,293
554,930
-
57,776
612,706
26,000
-
-
26,000
41,156
-
-
41,156
1,467,370
138,785
-
1,606,1
55
11,505
(11,505)
-
-
15,073
(8,812)
-
6,261
13,651
-
-
13,651
2,250
(2,250)
-
-
19,841
(19,841)
-
-
10,006
(1,430)
-
8,576
1,000
-
-
1,000
73,326
(43,838)
-
29,488
1,540,696
94,947
-
1,635,6
43

15 MOVEMENT IN FUNDS continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted Funds
General Fund
Restricted Funds
LCC-SLA Learning Disabilities
Services
Donations and Fundraising
Training Grants
COVID Funding		 Incoming
Resource
s
Resourc
es
Expende
d
Gains
and
Losses
Movem
ent in
Funds
£
£
£
£
14,432,18
4
(14,293,3
99)
-
138,785
50,077
(61,582)
-
(11,505
)
43,771
(52,583)
-
(8,812)
-
(2,250)
-
(2,250)
81,559
(81,559)
-
-

Page 33 of 35

Caritas Care Limited

Big Lottery Fund ACE Project
Big Lottery Fund PCC
LDS Vehicles
PCC Refurbishments
Other Community Grants
TOTAL FUNDS		 149,663
(169,504)
-
(19,841
)
3,597
(3,597)
-
-
4,949
(6,379)
-
(1,430)
40,188
(40,188)
-
-
50,335
(50,335)
-
-
424,139
(467,977)
-
(43,838
)
14,856,32
3
(14,761,3
76)
-
94,947

The Redundancy Reserve is an amount designated by the Trustees. The value of the reserve represents the minimum value of reserves required to meet the Charity's obligations to pay redundancy should the Charity cease to operate. The value of this reserve is calculated annually at 31 March and any additional designations or reductions in the fund are reflected in the Financial Statements. The Trustees considered the ongoing operational requirement to invest in the maintenance and capacity of the Charity's buildings and information technology. The Trustees have determined that a designated reserve should be established to set aside funds for property maintenance and improvement. There have been no additional designations made to these reserves in the year, nor have any of the funds been expended.

16 CAPITAL COMMITTMENTS

The Charity did not have any capital commitments at the end of the year (2022 £nil)

17 RELATED PARTY TRANSACTIONS

Michael Fetherstone was appointed as a Trustee of the Charity on 4 August 2022. Mr Fetherstone is a consultants for the Charity’s legal advisors, Harrison Drury. Legal fees of £788 were charged by Harrison Drury during 2022-23 in regard to the ending of the lease at Finkle Street. These fees were incurred after Michael Fetherstone became a Trustee of the Charity. Mr Fetherstone did not act on behalf of the Charity in respect of this commission.

There were no other related party transactions for the year ended 31 March 2023 (2022 £nil)

18 POST BALANCE SHEET EVENTS

There were no post balance sheet events for 2022-23 or 2021-22.

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

31/3/20 31/3/202
23 2
£ £
INCOME AND ENDOWMENTS
Donations and Legacies
Grants and donations 7,450,0 7,376,36
94 7

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Caritas Care Limited

Investment Income
Fundraising Income
Rental Income
Other Investment Income
Total Incoming Resources
EXPENDITURE ON
Raising Donations and
Legacies
Fund Raising costs
Charitable Activities
Direct Charitable Activities
Total Resources Expended
Net (Expenditure)/Income		 -
2,916
12,566
11,722
2,640
18
15,206
14,656
7,465,3
00
7,391,02
3
1,568
1,375
7,588,2
49
7,170,18
4
7,589,8
17
7,171,55
9
(124,51
7)
219,464

Page 35 of 35