CARING BREAKS LIMITED Statement of Financial Activities {Including Summary Income and Expenditure Aeeount) for the year ended 31 March 2024 Unrestricted RLstri¢ted Funds Funds Totsl Total 2024 2024 2024 2023 Income from: Chariiable activities Donations Inveslment Income Notes 229,038 79.064 1.182 229.038 86,841 165.905 J.182 267.446 63,488 214 Total incoming resources 309,284 86,841 396,125 331,148 Expendlture on: Charilable aciivities (316,962) (89.799)(406,76I) {461,450) Total expenditure (316,962) (89,799)(406,761) {461,450) Net Income before transfers (7,678) (2,958) (10,636) (130,302) Net fincomlng resources (7.678) (2,958) {10.636) (130,302) Fund balances brought forward 45,874 8,558 54,432 184,734 Fund balance$ carrled forwgrd 38,196 5,600 43,796 54,432 All of the above results are derived from continuing gains and losses recognised in the year are included above. The notes on pages 13 to 21 forni an integral part of these financial statements. Page 11
CARING BREAKS LIMITED Balance sheet as at 31 March 2024 2024 2023 Notes Current assets Debtors Cash at bank and in hand 8.793 118.556 4,763 88,039 127.349 92.802 Credltors: amounts falling due within one year (83.553) (38,370) Net current assets 43.796 54.432 Net aets 43.796 54,432 Funds Unrestricted funds Restricted funds 10 10 38.196 5.600 45.874 8.558 Total funds 43.796 54.432 The financial statements were approved by the Direciors on and signed and approved for issue on its behalf by J Donagh Director The notes on pages 13 to 21 form an integral part of these flnancial statements. Page 12
CARING BREAKS LIMITED Notes to the financial statements for the year ended 31 March 2024 Aeeounling polficl&s Company information Caring Breaks Limited is a Company limited by guarantee. registered in Northern Ireland. The address of the registered office is 6c Wildflower, Apollo Road, Belfast, Northern Ireland, BT12 6TA. Accounting conventlon The accounts have been prepared in accordance with the charity's Memorandum and Anicles of Association, the Companies Act 2006 and"Accounting and Reporting by Charities.. Stalement of Recommended Practice applicable to charities preparing their accounts in accordance with (he Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019" The harity is a Public Benefit Enlity as defined by FRS 102. The financial statements are prepared in sterling, which is the funclional CUencY of Ihe company. Monetary amounis in these financial staiements are roundcd to ihe nearest £. The financial siatemenis have been prepared under ihe historical cosi convention. The principal accounting policics adopied are sei out below. 1.2. Going concern Al ihe lime of approving the financial statements. Ihe truslees have a reasonable expectation that the charity has adequaie resources 10 continue in operational existence for the foreseeable future. Thus the truslees conlinue to adopt the going concern basis of accounting in preparing the financial stalements. 1.3. Charilable funds Unreslricted funds are available for use at the discrelion of Ihe trustees in furtherance of Iheir charitable objectives. Restricted funds are subject to specific conditions by donors or graniors as to how they may be used. The purposes and uses of Ihe reslricled funds are set out in Ihe notes lo the financial statements. 1.4. Incoming resources Income is re¢ognised when the charify is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably. and it is probable that income will be received. Cash donations recognised on receipi. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require defeal of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenanl is recogni5ed al the time of the donation. L¢gacies ar¢ recogni5ed on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipr is expected. If the amount is noi known, the legacy is treated as a conlingent assel. Investment income is recognised onc¢ the incom¢ and been declared and notified to bank accounts. Page 13
CARING BREAKS LtMITED Notes to the financial statements for the year ended 31 March 2024 . continued 1.5. Resources expended All expenditure is accounted for on an aetruals basis. Expenditure is recognised where there is a legal or constructive obligation to make payments lo third parties. il is probable that the settlement will be required, and the amount of the obligation can be measured reliably. 1.6. Tangible fixed auets and depreciation Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuaiion, net of depreciaiion and any impairnient losses. Depreciation is provided at raies calculated to write off the cost less residual value of each asset over ils expected useful life, as follows.. Fixtures, fittings and equipment 20 straight-line The gain or loss arising on the disposal of an asset is delennined as the difference belw¢¢n the sale proceeds and ihe carrying value of the asset. and 15 recognised in the statement of financial activi(ies. Impairment of fixed aets Ai each reporting end date, the charily reviews the carrying amounts of ils tangible assets lo delerniine whe(her there is any indicaiion thai those asset5 have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is estimated in order to deterniine the extent of the impairmen( loss (if any). 1.8. Cash at bank and In hand Cash and cash equivalents include cash in hand. deposit5 held al call with banks. other short-temi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borwingS in CUTTent liabilities. Page 14
CARING BREAKS LIMITED Notes to the financial statements for the year ended 31 March 2024 continued 1.9. Ffinanclal Instruments The charity has elected to apply the provislons of Section I I 'Basic Financial Instruments. and Section l2 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instrumenls are recognised in Ihe charity's balance sheet when the charity becomes party lo the conlractual provisions of the instrument. Financial assets and liabilities are offset, with (he net amounts presented in Ihe financial statements. when there is a legally enforceable righi to sel off the recognised amounts and Ihere is an intention to serrle on a net basis or to realise the asset and settle the liabilily simullaneously, Basic financial assets Basic financial assets, which include debtors and cash and bank balances. are initially measured at transaction price including Iransaction cosls and are subsequently carried at amortised cost using the effective interest method unless Ihe arrangement conslilutes a financing transaction. where the Iransaction is measured ai the present value of the furure receipts discoun(ed a( a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc flnanclal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised at Iransaction price unless (he arrangement consciDJtes a financing Iransaction, where Ihe debt instrumeni is measured at the preseni value of the future payments discounted al a market rate of inieresl. Financial liabilities classified as payable wiihin one year are not amortised. Debt instruments are subsequently carried at amortised cost, using rhe effective inierest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due wilhin one y¢ar or less. If not, they are presented as non-current liabilities, Trade crediiors are recognised initially and subsequently al transaction price. 1.10. Taxation Th¢ charity is an exempi Charity within ihe meaning of Schedule 3 of the Charilies Act 2011 and is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. 1.11. Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee, s services are received. Termination ben¢fi¢S are recognised immediately as an expense when the charity is demonstrably conmnitted to t¢rniinat¢ the employment of an employee or to provide iermination benefits. Page 15
CARING BREAKS LIMITED Notes to the financial statements for the year ended 31 March 2024 . continued 1.12. Retlrement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Net Ineomlng resources for the year 2024 2023 Net incoming resources is stated after charglng: Depreciaiion and other amounts written off tangible asseis Auditors, remuneration 2.465 3,600 3.193 Employees Number of employees The average monthly numbers of employees during the year were: 2024 2023 Respite workers Management and adminisiralion 35 34 38 37 Employment costs 2024 2023 Wages and salaries Employers national Insurance Pension costs 258.981 9,751 3.453 272,026 16.074 3.617 272.185 291,717 There were no employees earning over £60,000 in the two years ended 31 March 2024. The charity trustees were not pald or received any other benefits from employment with the charity, neither were ihey reirnbursed expense5 during the year (2023; £Nil). Page 16
CARING BREAKS LIMITED Notes to the financial statements for the year ended 31 March 2024 . continued unrtrICted Restricted Total 2024 2024 2024 Total 2023 4. Total income received Chgrltable Actlvitles BHSCT Grants SEHSCT Grants 201.261 27.778 201,261 27,778 194.380 29.125 229.039 229.039 223.505 Donatlon Income Individual donations and service payments Program grants (note 10) 79,063 79,063 86.841 63.488 43,941 86,841 79,063 86,841 165,904 107.429 Investment IDcome Bank interest 1,182 1,182 214 309,284 86.841 396,125 331,148 In 2023 of the total charitable income £287.207 was allrlbutable to unrestricied income funds with the balance £43,941 adding to the restricted funds. Page 17
CARING BREAKS LIMITED Notes to the financial statements for the year ended 31 March 2024 . continued Tot21 2024 Total 2023 S. Total resources expended Costs directly allocated to eharitable activities Direct costs Staff cos(s Activities and travel Staff recrnitment and training 132.742 63,466 2,485 157,227 95,853 4,559 Support costs Staff costs Rent Insurance Running costs Fund raising ¢os¢s Other costs 139,443 33.250 6.397 11,338 9.047 5.400 134,490 33.250 5.904 17.636 1,066 5.400 403,568 455,385 Governance costs Audit fees 3.193 3,600 Depreciatlon Depreciation on intangibles, fixtures and computers 2,465 406,761 461,450 Analysls by fund Restricted funds Unrestricted funds 89,799 316,962 406.761 For the year ended 31 March 2023 Restricted funds Unrestricted funds 133.220 328,230 461,450 Page 18
CARING BREAKS LIMITED Notes to the financial statements for the year ended 31 March 2024 continued Taxation No liability to UK corporation lax arises on ordinary activities for the year. The Company is a registered chariry . Fixtures, fltllngs and equipment Tanglble flxed assets Total Cosl Ai l April 2023 18,104 18.104 At 31 March 2024 18.104 18.104 Depretiation Al l April 2023 18.104 18,104 Al 31 March 2024 18.104 18,104 Debtors 2024 2023 Other debtors Prepaymen(s and accrued income 6,366 2,427 2,740 2,023 8,793 4,763 Creditors: amounts falling due within one year 2024 2023 Other taxes and social security costs Other crediiors Accwals and deferred income 5.505 8.313 69.735 5.084 1.561 31,725 83.553 38.370 Page 19
CARING BREAKS LIMrrED Notes to the financhal statements for the year ended 31 March 2024 . continued 10. Restrlcted Programme Funds: Balanee Incoming Outgoing Balance l April 2023 Resources Resources Trgnsfers 31 March 2024 Unrestrlcted Funds General fund 45.874 309,284 (316.962) 38,196 45,874 309.284 (316,962) 38,196 Restrlcted funds Edward Gostling UGV Career Support Fund St James Place The Hospital Saturday Fund Esme Milchel Trust Hedley Foundation TBL & TL Thompson Bally Thomas CB & HTT Trust Ulster Bank Group Enkalon Foundation LFT Grani Garfield Wesion 1,843 4,500 2,215 4,600 (6,443) (4.500) (35,315) (3,921) 33.100 3,921 4,600 2,810 2,810 1,500 3,000 1,000 1.000 4,600 (2,810) (2,810) (1.500) (3,000) ( 1,000) ( 1,000) 1,000 7.500 20,000 (7,500) (20,000) 8,558 86,841 (89,799) 5,600 Tolal funds 54.432 396.125 (406,761) 43,796 Unrestricted Restricted reserve reserve fund fund ii. Analysis of net assets between funds Total Fund Balances at 31 March 2024 represented by: Net currenl ass¢ts 38,196 5,600 43,796 38.196 5.600 43.796 Page 20
CARING BREAKS LIMITED Notes to the financial statements for the year ended 31 March 2024 continued 12. Related party transactions The charities pension provider, Workers Pension Ltd, is deemed a relaied party through common directorship. These costs amounted to £3,454 (2023..£3,617). There were no other material transactions to disclose during the year. 13. Ultimate Controlling party The ultimate controlling party of the charity is Ihe Tnjstees. 14. Company limited by guarantee The chariiy is a company limiled by guaraniee governed by a Memorandum and Articles of Association. The liability of each member is limited io an amount not exceeding £1. Page 21