Carfng Br•ak• Umlted TNgtee•' r•port and flnanclal statem•nts for the y•ar ended 31 M•rch 2023 Company P40: N1037804 Charlty No: NIC103342
Carlng Breaks Llmited Contants Page Contents Charfty Infomiatlon Trustees. report IrKlependent Audltors, report 8-10 ststement of Flnanclal Acttvltles li Balan sheet 12-13 Cash flow 14 Nrtes to the flnandal statements 15-22
Carlng Breaks Llmlted Charfty informatlon for the year ended 31 March 2023 Trustees J Donaghy cfreasurer) L Flnnegan (Resigned January 2023) B Slnnamon (Resigned January 2023) M Devlln P Crossln L Gault C A Magee (Reslgned January 2023) B Mongan M Mltchell (Appolnted Dernber 2022) Chalrnian S O'Brl•n V Thompson Chlef Executlve Offlcer D Flnnerty Reglstered OfflcA 143 Malone Road Belfast BT9 6SX Company Number N137804 Charlty Number NIC103342 Audltors FPM Accountants Umlted 1-3 Arthur Street Belfast ri 4GA Bankers Bank of Ireland 364 Llsbrun Road Belfast BT9 6GL Danske Bank Finaghy. Usbum Road Belfast rio OBD
Caring Breaks Lirnited Trustees. report for the year ended 31 March 2023 THE TRUSTEES, AS DIREcfoRS OF CARING BREAKS LTD. PRESENT THEIR REPORT WITH ThE FINANCIAL STATEMENTS OF THE CHARfTY FOR THE YEAR ENDED 31 MARCH 2023 The trustees. who are also direttors of the charfty for the purposes of the Companles Act 2006, submlt thelr Annual Report and the audited Financlal Staternents for the year ended 31 March 2023. The trustees have adopted the provsslons of the Companies Act 2006, the Charltles Art (Northern Ireland) 2008 and Accountlng and Reportlng by Charities: Statement of Recommended Practice applicable to charities pparIng their accounts In accordance with the Flnanclal Reporting Stsndard appllcable In the UK and Republlc of Ireland (FRS 102) effective l January 2015) (Charlties SORP (FRS 102)), In preparfng the annual report and flnanclal statements of the charity. Reference and adminlstratlvq detslls Detalls of reglstered offlce, Independent advlsers and other Informatlon are glven on page 3. Structurew govornan¢e and managem•nt Carfng Bak5 Llmlted whlch was Incorporated on 26 January 2000 (company reglstratlon number N137804) Is a charitable company Ilmlted by guarantee, (registered with the Charlty Commlsslon for Northern Ireland NIC103342) arml Is governed by a Memorandum and Artlcles of Assoclatlon. It Is managed by the Board of Trustees. The trustees. who served durlng the perlod, and up to the date of slgnlng are Ilsted on page 3 Durfng the year under revlew the Trustees met quarterly. The chairperson of the board 15 Stephen O'Brien. One third of the Trustees retlre each year and can make themselves available for re-electlon. New members of the board are selected by a panel comprlslng of exlst5ng other Trustees. The Flnance Committee and the Fund-rdlslng Commlttee are made up of Trustees and Indlvlduals. Both commlttees operate under speclflc tems of reference whlch delegate certaln fijnrtlons from the board. Each commlttee has its dedslons ratifled by the full board. The Trust have also establlshed a Carer Commlttee for this 5peclflc area of the Charfty's operations. ObJ•cUve• and artlvltl The prlmary objectlve of the charlty, as stated in Its governlng document, Is to provlde short respite breaks for the famlly carers of adults with learning di5abllitles. Trained and paid staff support and superv15e actlvlty-based recreatlonal opportunltie5 for adults wlth learnlng dlsabilities. Mlsslon To provld• regular SpIte breaks for famlly carers comblned wlth meanlngfvl, soclal and recreatlonal actlvltles for thelr relatlve wlth a leamlng dlsablllty. Valu We are people-centred. We collaborate We are open and honest We work in a partnership We provide a high-quallty servlce
Carlng Breaks Llmited Trustees. report for the year ended 31 March 2023 Strateglc Objertives for Carlna Breaks 2023-24 l. Develop a recruitment and Rtention plan. 2. Develop a fundraising plan. 3. Step up engagement with Trusts and rebulld relatTonships. 4. Grow powerful, strateglc alliances. 5. Develop expanslon and communlcatlon strategies. 6. Expanslon of our core serv1. piiblic Beneflt ststement The publlc benefit requlrement Is defined In the Charltles Act (Northern Ireland) 2008 and states that purposes must be for the publlc benefit to be charitable. The trustees confirm that they have complled with the duty to have regard to the guldance issued by the Charity Commisslon for Northem Ireland under sectlon 4(b) of the Charltles Act (the public beneflt requlrement 5tstutory guidance). The trustees are confldent that the actlvltles have helped to athieve the Charity's purposes and provlde a benefit to the beneflclarfes. A¢hlavements and performance Over the past year, Caring Breaks provlded resplte sesslons on a weekly basls for 180+ famlly carers comblned wlth soclal and recreatlonal artlvltles ft)r 109 adults wlth a learnlng dlsablllty. In addltlon, 102 famllles beneflted from an extended perfod of resplte in the form of a weekend break and 82 famllles from a fijll day re5Plte between April 2022 and March 2023. These weekend breaks and addltlonal resplte hours were provlded wlth fundlng secured from the Charities Aid Foundation (CAF), the Carers Support Fund the Haramead Trust and the Hospltal Saturday Fund. Carfng Breaks is fortunate to have a cornrnittedi professlonal team of staff dedlcated to ensurlng the best posslble ser41ce Is provided for famlly carers and adults wlth a learning disabllity. Over the past year, the team helped to faalitrdte a varfety of educatlonal and fun artivitles which enabled dlents to develop new Interests and bulld frlendshlps In a safe and welcomlng envlronment. Thls was partlcularly lrnportant for the famllles supported by Carlng Breaks as we emerged from the onoolng Impact of the Covld-19 pandemlc. Many of these activlties were provlded wlth funding from the Natlonal Lottery Communlty Fund NI Awards for All programme. Durlng the year, the Trustees and staff team worked on the development of a new strateglc plan to take Carlng Breaks forward over the next 3 years. Thls was facllltated with fundlng secured vla the Re5111ence Prograrnme at the Charities Ald Foundation (CAF). The new strategy. drtven by our purpose and values and developed In consultatlon wlth all stakeholders Involved In the organlsatlon. A new website was deslgned wlth fundlng secured from CAF to help ralse the proflle of the organlsation In line wlth our 5trateglc obJective5. The res11ien programme from CAF also incorporated leadership and management development training for staff and the team also benefited from a coachirvJ and mentorlng programme which ran between September 2022 - March 2023. The statement of financlal actlvltles for the year Is set out on page 10 of the financial statements. A summary of the flnancial results and the work of the charlty Is set out below.
Carlng Breaks Llmited Trustees. report for the year ended 31 March 2023 Financial Review The charity'5 Income decreased to £331,048 when compared to £388,076 In 2022. During the year the arlty has a deflclt net of costs of £130,302 (2022: £42,712). The total funds of the charity - 31 March 2023 were £54,432 (2022: £184,735). Of these total funds, £8,558 (2022: £97,837) made up of a serles of small grants, are held for restrfcted purposes arKI are not avallable for general purposes of the tharlty. Funding recelved Includes recurrent fundlng recelved from the Belfast Health & Soclal Care Trust and from the South-Eastern Health & Social Care Trust totalllng £223,505 to provide respite breaks ft4r carers and soclal and recreatlonal activltles for adults with a learnlng dlsablllty. Durlng the year we recelved the remainlng payment (£23,156) of the grant awarded In 2021 from CAF. Thls fijndlng was used to provlde weekend breaks and other actlvlties, oryanlsational development and runnlng costs. Donatlons from Indlvlduals through fundralslng actlvitles along wlth small grants from charitable trusts decreased from £47,836 to £32,008 when compared to 2022. R•wrvu Pollcy The total fiinds of the charlty as at 31 March 2023 were £54,432 {2022: £184,735). Of these total funds, £8,559 (2022: £97,838) are held for restrfcted purposes and are not available for general purposes of the charlty. The charlty's pollcy Is to retaln a level of free reserves whlch matches the needs of the Charlty both at the current tlme and In the foreseeable future. Fe reser4es are those unrestrlcted reserves, exdudlng flxed assets. The charlty alms to retaln 5ufficlent reser¥es equlvalent to approximately slx months, annual expendlture. Free reserrfes at 31 March 2023 were £45.872 (2022: £86,897 (general funds mlnus flxed assets and designated funds), equlvalent to roughly two month's foThvard expendlture based on 2022123 expendlture Progress on fijndralslng Is reviewed by the flnance sub*roup and 8oard of Trustees on a quarterly basls. Servlce payments received from servlce users who access the serdlce vla Direct Payments or Self-Dlrected Support increased thrnughout the year 22123 and amounted to £37,656,139 (21122: É24,139). Plan• for futur• dev•lopm•nts The board has tsken steps and wlll contlnue to take steps to Improve financlal perforniance In 2023 and beyond, to ensure that the charfty can contlnue to provlde Its unlque servlces for the famlly carers of adults with a leamlng disablllty. Post Covld-19 pandemlc and especlally over the past year, all aspects of servlce delivery have been fijlly restored. The organlsatlon's strategy is to grow and develop the servlce to reach more people and expand the Serv1 Into other health tntst areas whllst malntalnlng the servke for exlstlng clients In Belfast, Bangor and Llsburn. Plans beyond 2023 Indude extending the Servi to more famllles wlshlng to purchase respite breaks via Dlrert Payments/Self-Directed Support.
Caring Breaks Limlted Trustees. report for the year ended 31 March 2023 Covld 19 and Golng Concern With only small rnanagement team, over the past 2 years Carlng 8reaks has had to contlnue to tOCU5 on the rebuild and restoration of Its service. Opportunities For Fundraising artivitie5 have been lirnited throughout 2022/23 but a expetted to increase over the next 12 months. Results remain In Ilne wlth directors, revlsed expettation5. Engagement wlth an external fundraiser has been renewed to asslst in seeking funds from grbnt making trusts and corporate sponsors. Funding IE47,7411 from several grant-maklng trusts to be spent in 2023/24 has already been secured. We also ee1Ved good news of the succe55ful outcome of an appllcatlon to the Carers support Fund and received a grant of E74,397 in June. A revlew of the rates pald under the contracts Caring Breaks holds wlth the Belfast Health & Soclal Care Trust and South Eastern Health & Social Care Trust Is ongolng and we are hopeful that the value of th£5e cDntracts wlll Increase followinq neootlations. To support the go5ng concern basls of 9paratIOn, the trustees have prepared cash now forecasts, wttich InclLtde the use of reasonable downside SDarl0S for sensltivlty analysls. These cash flow forecasts show that the charity has sufflclent resources to meet obllgation5 as they fall due and as such the charlty has the ablllty to contlnue as a going concern for the 12 months from date of slgnlng. Funds held •* custodlan trugt•e• on hall of other• The charity holds no fund5 as custodlan tru5tee$ on behalf of others Rl•k Man•gam•nt The Trustees have asse55ed the maJor rlsks to which the charlty 15 exposed, in partlcular those related to the operatlons and flnances of the charlty. The Trustees are 5atlsfled that Sy5tern5 are In place to mltlgate any exposu to major rlsks. Trurt••A' Indemnltle• As permltted by the Artlcles of A550clatlon. the TnJ$tees have the benefit of an SndernnSty whlch is a quallfyln9 third party Indemnlty provlslon as deflned by Sectlon 234 of the Companles Act 2006. The Indemnity was In force throughout the last financlal year and is currently In ft)rce. Statement ol tru•t••s' respongibilltles In r•spect of th• flnandal itatements The director5 (who are also director5 of Carlng B akS Umlted for the purposes of Company Law) are responsible for preparing the Annual report and the financial 5tstements in accordance with appllcable law and regulation. Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have prepared the financial staternents in accordance w5th Unlted Klngdom Generally Accepted Accounting pract1 Iunited Kingdom Accounting Standards, comprislng FRS 102 "The Financlal Reporting Standard appllcable In the UK and Republic of Ereland" and applicable law). Under company law the tnjstees must not approve the financial ststernents unle55 they are Satisfled that they glve a true and fair view of the state of affairs of the company and of the oroflt or loss of the company for that perlod. In prepadng the flnanclal statements, the dlrectors are required to.. select suitable accountinq policles and then apDly them consistently,. State whether applicable United Kinqdom Accountinq Stsndards. comprislnq FRS 102. have
Caring Breaks Llmited Trustees. report (contlnued) for the year ended 31 March 2023 been followed. subiect to any materlal departures disclosed and explalned in the financlal ststements; rnake judgements and accounting estlmates that are reasonable and prudent. and prepare the flnancial statements on the going concern basls unless it is inapproprlate to presume that the company wlll contlnue In buslness. The trustee5 are also responslble for safeguardlng the assets of the company and hence for tsking reasonable steps for the prevention and detertlon of fraud and other Irregularltles. The trustees are responsible for keeplng adequate accountlng records that are sufflclent to show and explaln the company's transactions and disclose with reasonable accuraoi at any time the flnanclal posltlon of the company and enable them to ensure that the financlal statements comply wlth the Dlsclosure of Inlormatlon to the audltors In so far as the Trustees are aware: there Is no relevant alIt Information of whlch the charftable company's auditors are unaware. and the Trustees have taken all Steps that they ought to have taken to make themselves aware of any relevantaudlt Informatlon and to establlsh that the audltors are aware of that Inforniatlon. The Trustses are responslble lor the malntsnance and Integrlty of the corporate and flnanclal Inforniatlon Included on the charltable companvs webslte. Leglslatlon In the United Kingdom governlng the preparation and dlssemlnatlon of financlal statements may differ from legislatlan In other Jurisdictlons. Exmptlon• from dlsclosures No exernptlons from dlsdosure have been taken. Thls repart has been prepared In accordan wlth the spedal provlslons relatlng to small companles wlthln Part 15 of the Companles Act 2006. Ind•pendent Audltors The audltors, FPM Accountants Ltd. have Indlcated thelr wllllngness to contlnue In offlce. and a resolutlon conceming their re-appolntment wlll be proposed at the Annual General Meetlng. By order of the Board V Thompson Company S•cr•tary
Report of the Independent Auditors to the members of Carlng Breaks Limlted (a company Ilmffited by guarantee) Oplnlon We have audlted the flnanclal statements of Carlng Breaks Ltd for the year ended 31 March 2023 whlch comprlses the Ststement of Flnanclal Artlvlties, the Balance Sheet, the cash flow statement and the notes to the accounts, Includlng a summary of slgnlficant accountlng pollcles. The financlal reportlng framework that has been applied In thelr preparatlon Is applicable law and Unlted Klngdom Accounting Standards, Indudlng Flnanclal Reportlng Standard 102. The Flnanclal Reporting Standard applicable In the UK and Republic of Ireland (United Klngdom Generally Accepted Accountlng Prdctlce). In our oplnlon the accounts: give a true and fair vlew of the state of the charftable company's affalrs as at year ended 31 March 2023 and of its incoming resources and appllcatlon of resources, including its Income and expendlture, for the year then ended. have been properly prepared In accordan with United Klngdom Generally Apted Accountlng Pract1. and - have been prepared In accordan wlth the requlrefflents of the Companles Art 2006. Bas18 for oplnlon We conducted our audit In accordano wlth International Standards on Auditlng (UK) (ISAS (UK)) and appllcable law. Our responslbilltles under those standards are further described In the Audltorfs responslbilities for the audlt of the accounts sectlon of our report. We are Independent of the charfty In accordance with the ethlcal requlrements that are relevant to our audlt of the accounts In the UK, Includlng the FRUS Ethical Standard, and we have fulfilled our other ethlcal responsibilities in accordance wlth these requlrements. We belleve that the audlt eVIden we have obtalned Is suffldent and approprfate to provlde a basls for our oplnlon. Concluslons r•latlng to going concern In audlting the finandal statements, we have conduded that the trustees. use of the golng conmbaS0$ of accounting In the preparatlon of the financlal statements Is appropiate. Based on the work we have performed, we have not Identlfled any materlal uncertalntles relating to events or condltlons that. indlvidually or collectively, may cast significant doubt on the charlty's ablllty to continue as a golng concem for a perfod of at least twelve months from when the finandal statements are authorlsed forlssue. Our responsibilities and the responslbllltles of the trustees wlth respert to golng concern are described In the relevant sections of this report. Other Inforniatlon The trustees are responsible for the other Information. The other Information comprises the Information included in the annual report, other than the flnanclal statements and our audltors. report thereon. Our oplnion on the financial statements does not cover the other infomiation and we do not express any fom of assurantr conduslon thereon.
Report of the Independent Audltors to the members of Caring Breaks Limited (a company limited by guarantee) In connectlon wlth our audit of the accounts, our respansl lty Is to read the other informatlon and, In dolng so, conslder whether the other Informatlon Is materlally Inconslstent wlth the accounts or our knowledge obtalned in the audit or otherwlse appears to be materlally misstated. If we Identlfy such materlal Inconslstencles or apparent materlal mlsstatements, we are requlred to determine whether there Is a materlal mlsstatement In the accounts or a materSal mlsstatement of the other informatlon. If, based on the work we have perfonmed, we conclude that there Is materlal mlsstatement of this other inforniation, we are requlred to report that fart. We have nothlng to report in thls regard. Oplnlons Dn other matters preKrfbed by the Companles Act 2006 In our opinlon, based on the work undertaken In the course of our audlt: the Informatlon glven In the Tnjstees Report for the flnandal year for whlch the accounts are prepared Is conslstent wlth the accounts; and - the Trustees Report has been prepared In accordance with applicable legal requlrements. Matterg on whlch we are raqulred to report by exceptlon In the Ilght of the knowledge and understandlng of the charlty and Its envlronment obtalned In the course of the audlt, we have not Identlfied materlal mlsstaternents In the dlrectors, report Induded wlthln the trustees, reporL We have nothlng to report In respert of the followlng matters In relatlon to which the Companles Art 2006 requlres us to raport to you If, In our oplnlon: adequate accountlng records have nat been kept, or returns adequate for our audlt have not been recelved from brnnches not vislted by us. or the accounts are not In agreement with the accountlng records and returns; or certaln dlsclosures of trustees, remuneratlon speclfied by law are not made. or - we have not recelved all the Infom)atlon and explanatlons we requlre for our audlt. R••ponslbllltle• of Trustees As explained more fully In the Statement of Trustees Responsibllltles, the Trustees are re5ponsSble for the preparatlon of the accounts and for belng sat15fied that they glve a true and falr vlew, and for such Intemal control as the directors deterrnlne Is necessary to enable the preparation of accounts that are free from material rni55tatement, due to fraud or error. In preparing the accounts, the Trustees are sponsIble for assessing the charlty's abllity to contlnue as a going concern, dlscloslng, as appllcable, matters relatsd to golng concern and using the going conrn basls of accountlng unless the Trustees elther intend to Ilquidate the company or to ase operatlons. or have no realistic altematlve but to do so. AudIt0$ responslbllltles for the audit ol the flnandal statsments Our objectlves are to obtsin reasonable assurance about whether the accounts as a whole are free from materfal mlsststement, whether due to fraud or error, and to Issue an audltor's report that Indudes our oplnlon. Reasonable assurance is a hlgh level of assurance, but is not guarantee that an audit condurted in accordan wlth ISAS (UK) will always detect a materlal
Report of th¢ Indep•Thdent Auditors (continued) to the members of Carlng Breaks Llmlted (a company Ilmlted by guarantee) sstatement when It ex15ts. Mlsststernents ean arfse from rdud or error an are consi ered materlal If, indivldually or Tn the aggregate. they could reasonably be expected to influeDce the ets)nomlc declslons of users taken on the basls of thése accounts. Irregulariues, includlng fraud, are Instances of non-compllanca with laws and regu14D"ons. We deslgn produreS In Iln2 wlth our r£gponslbllltle5. ouulned above. to detert materlal rnlsststements In respect of Irregularfdes, IndudSng fraud. The extent to whlch our procedures are capable of detertlng Irre9ularlties, Indudlng frdud, Is detalled below. We obtslned an understsndlnp of the leg•1 and regulatory frnmework appllcabl¢ to the Company through enqulry of managemen¢ sector research and the appllcatEoTr ol cumulatlve audlt knowledge. We Identifled the followlng prlnclpal laws and regulatlons relevant to the company - Componlm •lrt 2006, Charft5es Art (Northem Ireland) 2008 and the Accountlng and Reportlng by Charftles: Sthtement of Recommended Prxtlce appllcable to thorltles preparlng thelr accounts Sn accordance wlth the Flnandol Reportlng Stondard appllcable In the UK and Republlc of Ireland (FRS 102) (effedjve I january 2019). We developed an undethndlng of the key fraud rf5k5 to the enljty (Includlng how fraud mlght ¢T), the controls In place to help mltlgate those rfsks, and the accounts, balances and dlsclo$ures wlthln the flnanc5al ststements whlch may be suswtlble to management blas. Our underst8ndln9 was obtsined thrnugh revlew of the flnanoal gtstements lor $lgnifi¢ant accounting egtlm•tes, anjlysls of Uffl entrbe5, waIkthr9h of the key controls wles In place and enqulry of managemenL Our procedures to re5p¢)nd to those rlsks Identlned Included, but were not Ilmlted to: Enqulry of management, and the enty,$ solldtors around actual and potentlal Illjgatton Enoulry of management to Identlfy any Irances of rK>n-compllance wlth laws and regulat5on5. Revlewlng mlnutes of me•tlngs of those charged wlth governarKe. Revlewlng flnandal statement dlxlosurEs and testtng to wpportlng do1MntItlon to •ss• compllance wlth appllcable laws and regulauo Audltlng the rtsk of mana9em¢nt ovwrlde tsf ¢ontrots. Indudin9 through testlng Joum•l entrles and other adjustments for apprnprfat¢nes5, and evaluatlng the buslrt•M rdtlon•l• of gnlflcant transattlons outslde the normal courye of buslness. A further desulptlon of our re¥nsIbIlI•S for audlt ol the accounts Is located on the Flnaniial Report6no Councll's web51te at: http://www.frLorg.uVaudltorsrtsponsSbllltles. Th1$ des¢Tlptlon ft>mi$ pwt of our audltoes Trpo Th15 report Is made solely to tho tharlty's trustees, as a Ix)dyi In accordan wlth Chapter 3 of Part 16 of the CoMpaeS Att 2006 and gulationS made urKler that Art. Our JudJt wort has been undertaken so that we ml9ht State to the charlty's trustee5 those fflatte wh5ch we a requlred to slate to them In an auditorg report and for no other purpose. To the fullest extent permltted by law, we da not accept or assume re5ponslblllty to anyone other than the tharfty and its trustees as a bodyi for our audlt worL for this report or for the opinions we have JL 13rnnt {Senlor Slatutory Audltor) for and on b•half of FPM AccouKfAHTS LTD 1-3 Arthur Street Belfast Co. Antrfrn 10
Carin9 Breaks Limited stst•mert of FlnaTrcial ALivlti•s (ineorporatlng an Income and Exp•ndlture account) for th• year •nded 31 Plarch 2023 20 Unrestricted Re•triLtd 2023 fund• T¢ttal 2C12 20 Unrestrftted Restrtcted funds fvnds 2022 Tot1 IrKDrn• and •ndowm•Trts frnrni Chrftsbl• Actl¥tt( 223,505 223,505 Zl8,122 218.222 Pon•Uon• and l•BJd 63,408 43.941 107,429 38,357 131.186 169.543 214 Z14 311 311 Tot41 IncoN •rtd endowrn•rt• 1.207 43,941 J34148 256,890 131.186 388.076 exp•ndlts• on: 328.230 133220 461,450 302 943 42,421 318.2JO 13J,220 461,450 302.943 42,421 345,364 (Ixp•ndltur•) f•r th• Y•4r 41.OlJ 130 302 Iranrftr• bth¢•n fundj t mov•mqrt In fi¢ndg 4L02J 130 10[•5 erought Forward io 97,837 184.734 132,950 ,072 142,022 ITu4d 1•• &vrf•d Porw•Yd io 432 Jl derl¥u frnm contlnulng •LtMtJu. th•wryfcn no olatwnmt of r•cognlxd ar Io¥sE¥ h glven. Yh• not•• on P•AU 15 tr• a2 forni •n Ihtw•l p•rt•f Iln•n¢T•l •l¥t•m•nf 11
Carlng Breaks Llmited Balance Sheet as at 31 March 2023 Notes 2023 2022 Flxed assets Tanglble Assets 2,465 Current assets Debtors Cash at bank & in hand 4,763 88,039 2,80 5,777 213,256 21 ,03 Credltors: amounts falllng due wlthSn one year 38,370 36,764 Net Current Assets 54,432 182,269 Total assets legs current Ilabllltl•s 54.43Z 184,734 Net amets 54,432 184,734 Fund* Unr•strlct4d: 45,874 86,897 Restrlcted 8,558 97,837 54,432 184,734 The company Is entltled to the exemptlon frorn the audlt requlrement contalned In sectlon 477 of the Companles Act 2006, for the year ended 31 March 2023, although an audlt has been carrled out under sectlon 65 of the Charltles Att (Northem Ireland) 2008. No member of the company has deposlted a noUceJ pursuant to sertion 476, requlrfng an audit of these flnandal Statements under the requlrements of the Cornpanles Act 2006. The trustees acknowledge thelr responslblities for ensurfng that the charlty keeps accourtlng records whlch comply wlth sectlon 386 of the Act and for preparlng flnandal statements whlch glve a true and falr vlew of the state of affalrs of the company as at the end of the flnanclal year and of its Incoming resources and appllcatlon of resources, Includlng Its Income and expenditure, for the ftnanclal year In a¢Ordan wlth the requirements of sectlons 394 and 395 and whlch otherwlse comply wlth the requlrements of the Companles Act 2006 relatlng to flnanclal strdternents, so far as applicable to the company. These finandal statements have been prepared In attordance with the special provlslons of Part 15 of the Companles Act 2006 relating to small companies. 12
Caring Breaks Limited Balance Sheet as at 31 March 2023 he5e financlal statements have been prepared In accordance with the special provislons of Part 15 of the Companies Act 2006 relating to small companles. Ihe flnandal ststeme ts were approved by the Board and sloned on Its behalf: q.11-z onaghy ector Date Company Regl3tratlon Numbar N1037804 Tha Not•• In pages 15 to 22 forni •n Integrnl part of th•s• flnandal st•tem•nts 13
Carlnq Breaks Limited statement of Cash Flows as at 31 March 2023 Motes 2023 2022 Cash flows from operatlng actmtles: Net osh provided by l (used in) operatln9 aLtivitles li 50, Cash flows from Investlng acuvltles., Purchase of property* pl#nt Ind equlpment Net c••h prOvId by (u•ad In) Inv••tlng actlvltl Cash Ilows Irom lInaIng artlvltles.. 14•t cash PTovldqd by (u•ed In) flnanclng •ctlvltl•• Change In cash and ca¥h qqulv•l•nts In th• reportlng p•rlod (125,217) 50,296 C••h and a•h •qulval•nts at th• b•qlnning of th• r•portlng p•rlod 213,256 162,960 C••h and ca8h •qutval•nts at th• •nd oeth• réportlng perlod 14
Caring Breaks Limlted Notes to the financlal Statements for the year ended 31 March 2023 I. ACCOUNTING POLICIES The prinapal accounting policles adopted, judgements and key sources of estimation uncertalnty In the preparatlon of the financlal statements are as follow5: a) Basis of preparatlon The finandal statements have been prepared in accordance with Accounting and Reportlng by Charltles: Statement of Recommended Prattl appllcable to charltles preparlng their accounts in accordan wlth the Flnanclal Reporting StarKlard appllcable In the UK and Republlc of Ireland (FRS 102) (effective l January 20191- Icharltles SORP (FRS 102), the Flnancial Reportino Standard appllcable In the UK and Republlc of Ireland (FRS 102) and the Companles Act 2006. Carlng Breaks Ltd meets the deflnitlon of a public beneflt entlty under FRS 102. Assets and Ilabilltles are Inltiallv recoanlsed at hlstorlcal cost or transactlon value unless otherwise stated In the relevant accountlng pollcy note(s). bl Preparation of the accounts on a ooino concern basls The trustees are of the vlew that there are no material unrtaintleS about the charltles ablllty to contlnue as a ooing concern. c) Fund Accountlng Unrestrfrted funds are funds whlch are avallable for use at the dlscretlon of the Trustees In furtherance of the general objectlves of the Chartty and whlch have not been deslgnated for other purposes. Restrlcted funds are funds whlch are to be used In accordance with Specific restrlctlons Imposed by donors or which have been raised by the Charfty frjr partlcular purposes. The cost of raising and admlnlsterlng such funds are charged agalnst the speclflc fund. The aim and use of restrlcted fijnds Is set out In the notes to the flnanclal statements. Restrfcted fvnds may only be transftrred to generdl or deslgnated funds once the crfterfa for restrfctlon have been discharged or no longer apply. d) Income Income Is recognlsed when the chartty has entitlement to the rent. fijnds. any perforrnan condltlons attached to the Item(s} of incorne have been met. it Ss probable that the Income wlll be recelved and the amount can be measured rellably. Income from govemment and other grants, whether'capital. grants or'revenue, grants, Is recognlsed when the charlty has entltlement to the fvnds, any perfomiance condltlons attached to the grants have been met. It Is probable that the Income wlll be recelved and the amount can be measured rellably and Is not deferred. Income is deferred only when the tharlty has to fulfll conditions before becoming entitled to it or where the donor/fvnder has spedfied that the income Is to be expended In a future perfod. e) Donatsd services and facilities In accordance wlth the Charlties SORP (FRS 102). the general volunteer tlme of supporters is not recognlsed. Q Expenditure and irrecoverable VAT Expendlture Is recognised once there is a legal or constructlve obllgatlon to make a payment to a third party, It Is probable that settlement wlll be required and the amount of the obligation can be measured reliably. Expenditure Is classified under the followlng actlvity headings: Expendlture on charitable activities comprlses those costs Incurred by the charity in the dellvery of its artivities and serv0 for Its beneficlaries. It includes both costs that can be allocated dlrectly to such artivltles and those costs of an indirect nature necessary to support them. 15
Caring Breaks Limlted Notes to the Financial Statements for the year ended 31 March 2023 I. ACCOUNTING POLICIES ctd... f) Expenditure and Irrecoverable VAT ctd... Ail costs are allocated between the expendlture categorfes of the Statement of Finandal Attlvltles on a basls deslgned to reflect the use of the resource. Costs relatlng to a partlcular attivlty are allocated dlrettly, others are apportloned on an approprlate basls. Irrecoverdble VAT Is charged as a cost against the actlvlty for whlch the expenditure was Incurred. g) Allocatlon of support costs Support costs are those functrons that asslst the work of the charlty but do not directly undertake charttable artlvitles. Support costs Indude back offlce costs, finance, personnel, payroll and govemance costs which support the pro9rammes and actlvlties. h) Tanglble flxed assets and depreclatlon Tangible fixed a55ets are stated at C05t less depreclatlon. Depredatlon Is provlded at rates calculated to wrfte off the cost or valuatlon of flxed assets, less their estlmated resldual value, over thelr expected useful Ilves on the followlng basls: Flxtures and fittlngs 20% stralght-llne offi Equlpment 33% stralght-llne The carrylng values of tanglble fixed assets are revlewed for Impalrment when events or clrcumstances Indlcate the carrylng value may not be recoverable. Where the recoverable amount Is found to be below Its net book value, the asset is wrltten down to the recoverable flgure and the loss on Impairement Is recognlsed In the Statement of Flnanclal Activitles (SOFA). l) Debtors Trdde and other debtors are recognlsed at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepald after taklng account of any trade dlscounts due. J) Cash at bank and In hand Cash at bank and cash In hand Includes cash and short term current accounts. k} Credltors and provlslons Creditors and provlslons are recognlsed where the charfty has a present obllgatlon resultlng from a past event that wlll probably result In the transfer of fiJnds to a thlrd party and the amount due to settle the obllgation can be measured or estimated rellably. Creditors and provisions are normally recognlsed at thelr settlemert amount after allowing for any trade dlscounts due. l) Financtal instruments The trust only has finandal assets and finanaal Ilabllltles of a kind that quallfy as baslc financlal Instruments. Basic finanaal instruments are inltially recognlsed at transaction value and subsequently measured ot their settlement value with the exceptlon of bank loans which are subsequently rneasured at the carrylng value plus accrued Interest les5 repayments. The financing charye to expendlture Is at a constant rdte calculated uslng the effettlve Interest method. 16
Caring Breakg Umlted Not•s to tha Flnanclal Statsmonts for the year ended 31 March 2023 I. ACCOUNTING POLICIES ctd... rn) Taxatlon The company15 a registered charity and the tharitable tax exemptlons a therefore belng claimed to the extent that income and/or gains are applicable and applied to chadtable purposes only. These exemptlon5 will remain in place as long as incorne and expendlture Is applled to charltable purposes only. n) Crltlcal accountlng estlmates and Judgements In the appllcatton of the charity's accounting pollcle5, the trustees are requlred to make Judgements, estlmate5 and assumptlons about the carying amount of assets and liablllt5es that are not readlly apparent from other sources. The estlmates and assoclated assumptions are based on historical experlence and other factors that are considered to be relevant. Actual results may dlffer from these estimates. The estimates and underlylng assumptlons are revlewed on an ongolng basls. Revlsions to accounting estlmates are recognlsed In the perlod In which the estlmate Is revlsed where the revision affects only that perlod, or In the perlod of the revlslon and future perlods where the revlslon affects both current and fvture perlods. 2. RESULTS FOR THE YEAR The result for the year has been arrlved at after charglng the followlng:" 2023 2022 Depreclatlon Auditors remuneratlon 2,465 2,464 3,420 3. EMPLOYEE INFORMATION 2023 2022 Wages and Salarfes Employerfs NIC Penslon 265,998 16,074 3,617 243.982 12,830 3.070 2023 Number 2022 Number Average monthly number of persons ernployed durlng the year exdudlng trustee5 was: Respite workers Management and admlnlstratlon 34 37 37 There were no high paid staff wlth no employee recelvlng over £60,000. The charfty trustees were not paid or received any other benefits from employment wlth the tharity. neither were they reimbursed expenses during the year (2022: £nil). The remuneratlon paid or payable to key management staff ftjr employee services was £59,656 (2022: £57,731) 17
Carlng Breaks Limited Notes to th• Flnan¢lal Stat•ments for the year ended 31 March 2023 4. FIXED ASSETS Flxtures Computer & Flttings Equipment TOTAL COST At l April 2022 Additlons Dlsposals At 31 March 2023 1,811 33,311 35,122 1,811 33.311 35,122 DEPRECIATION At l Aprll 2022 Dlsposals Charge for the year At 31 March 2023 1,811 30,846 32,657 2,465 33,311 2,465 35,122 1,811 NET BOOK VALUE At 31 March 2023 At 31 March 2022 . DEBTORS: AMOUNTS PALLING DUE wrrHIN ONE YEAR 2023 2022 other debtor5 Prepayments and accrued Income 2,740 2,023 3.920 1,857 6. CREDrroRS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2023 2022 other Credltors Accrued Expenses and deferred Income Taxatlon & Soclal Security 1,561 31,725 2,714 29,277 18
Carlng Breaks Llmlted Notes to the Financlal Statements for the y•ar •nd•d 31 March 2023 7. INCOME 2023 Unrn&trfrt•d Restrlctad Totsl Untted Restrlcted 2022 Total Incvm• and EndOWnnts from: Ch•rlt•bh Athltlas 8Hscf Grants sEH5 Grants 194.380 29,125 194,380 29,125 190,222 28,000 190,222 28.000 223,505 223,505 218,222 218.222 Donatlons and legad Donattons and glfts from Indlvldual and other awardlng bodles Furlouah Grants Carers Support Fund Chorltles Ald Foundatlon 63,488 20,785 84,273 38,357 30,456 68.813 3.162 3.162 33,100 33,100 64,468 64,468 23,156 23,156 63.488 43,941 107,429 38,357 131.186 169.543 Inv••tm•nt In¢om• Bank lrtere5t redevablo 214 214 311 311 214 214 311 311 Totsl Znf*mlng r••¢K•Ycq• 287,207 43,941 331.148 256,890 131,186 388,076 19
Caring Brnakg Umit•d Notes to the Nnandal Statements for the yqar •nded 31 March 2023 COST OP cHATABLE ACTIVITIES 2013 Totsl 2022 Totsl Unre5tr1cted R8strfct•d staff costs ArtIWe5 and trbvei Staff recruttment and tralnlng 104.779 53,822 59 52.448 42.031 4.500 157.227 95,853 4,555 96,836 16,093 1,943 25,072 4,516 1.254 121.908 20.609 3,197 Support co#ts Stsff costs Insurnn¢e FInng costs Fund rnIng costs Depredath)n 121.717 5,904 9.856 1,066 2.465 19,562 5,400 12,773 134,490 5,904 17.636 1,066 2.465 33,250 5.400 136.780 5,435 8.949 3,311 392 24.93 4,800 1,194 137,974 5.435 8,949 3.311 7,780 2,072 8,313 13.688 33,251 4,800 Governance co#J 3,600 3,466 3,466 Tot•1 41r•tt •nd #uppgrt •J 328, 3.22 •. AIIALYMS OP NEf BETWEIH WNDS T•nqlbl• •s8•ts curr•rt 45.874 ,558 S4.432 45 y,432 IIL AIIALYSXS OP MT MOVE14ENT IN FUN At I 202Z 86,897 97,837 184.734 Surpluy / (Defidt) In the year (41,023) 189,279) (130,302) At 31 M•rth 2023 45.874
Caring Breaks Limited Notes to the ff nanclal Ststefflents for the year ended 31 march 2023 Aejtrictod Prngramm¢ Funds: Balance at Incomlng 0110412022 Resources Resourcqs Exp¢nded Balanc• at 3110312023 Transfers Hardmead Trust BDO - One off pay LFt Grant Edgar Lawley Souter Trust Edward Gostllng UGV Career Support Fund Charltles Ald Foundatyon LFf Grnnt The Hospltal Saturday Fund 5,000 (5,000) (6,285) 6,285 1,500 4,834 4,834 (1,500) (4,834) (2,991) 1,843 4,500 2.215 4,500 29,194 50,475 {26,979) (73,631) (10,000) {2,000) 23,156 10,000 2,000 97,837 43,941 133 220 8,558 Unr•rtrlctad ITunds: Genérnl fijnd 86,897 287,207 (328,230) 45.874 86,897 287.207 328 230 45,874 Total fvnds 184.734 331.148 (461 450 54.432 11. R•¢onclllatloTh of n•t Incorn•/(•xp•ndlts•r•) to n•t a•h flow from op•r•tlng •¢tlvttl 2023 2022 Net Incom•/(•xp•ndltvrn) for th• r•portlng p•rtad CM per the stJt•rnent ot flnanclal actlvltl¢A) (130.302) 4&712 Adjustments fov. Depreclatton charyes {Increase)/decrea5e In debtors IncreaW(decrease} In tredlts)r¥ Pl•t cash prnwided by (us•d Inj op•r•tslnq •£tlvlr 2,465 1,014 1.606 125.217) 2,464 1.461 3,6S9 50,296 21
Carlng Breaks Limited Notes to the Flnanaal SLitements for the year ended 31 March 2023 12. Flnandal Instruments 2023 2022 Hnandal assets that are dent Instruments measured at amortlsed c05t: other debtors 2,740 3,920 2,740 3.920 Hnanclal Ilabllltles measured at amortlsed cost: Attruals 12.107 10,271 12,107 10.271 13. RELATED PARTIES The charltles penslon provlder. W0erS Penslon Ltd Is deemed a related party through common dlreLtsrshlp. These costs amounted to £3,617 (2022: £3,070). There were no other related party transactlons to dlsd05e. 14 Ultlm•t• Controlllng party The ultlmate controlling party of the charftyls the Trustees. IS. U•blllty to memb•r• The charty Is a company Ilmlted by guardntee governed bv a Memorandum and Artldes of Asso¢lation. The Ilablllty of eath member Is Ilmlted to an amount not exceedlng £1.