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← The Fife Carers Centre

2026-03-31-accounts

Charity registration number SC029466 (Scotland) Company registration number SC282309

THE FIFE CARERS CENTRE

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

THE FIFE CARERS CENTRE

CONTENTS

Page
Trustees' report 1 - 6
Independent auditor's report 7 - 9
Statement of financial activities 10 - 11
Balance sheet 12
Statement of cash flows 13
Notes to the financial statements 14 - 33

THE FIFE CARERS CENTRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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)".

Objectives and activities

Our vision is to ensure that unpaid carers throughout Fife are valued, recognised and supported to have equal access to a good quality of life that is not prejudiced by their caring role.

Aims and Objectives:

Values:

Volunteers

Paid employees of the charity are supported by the work of a small number of volunteers. The charity appreciates the time and effort, given by the volunteers, in helping it to achieve its objectives.

THE FIFE CARERS CENTRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

Charitable activities

Considerable work has gone into strengthening the services of the Carers Centre to ensure they continue to align with the requirements of our funders whilst ensuring that carers, and the values of the Centre, remain at the heart of the services we provide. Carers mental, physical and financial wellbeing continue to drive the services we deliver. From April 2024 to the end of March 2025 we supported nearly 1900 carers new to our service and continued to support over 600 carers already known to the service. Of these carers, around 900 have disabilities themselves and around 600 are caring for more than one person Core services continue to be provided with the addition of new initiatives and the development of existing activities to further embed the Centre as an organisation central to carers throughout Fife and as an important player in strategic development of services affecting carers in Fife.

A Carers Forum has been set up to give carers a voice and the opportunity to feedback what is important to them to the Fife Health and Social Care Partnership. We have developed a six week rolling programme for Carers Mental Wellbeing running throughout Fife. This compliments and builds on existing mental wellbeing activities such as mindfulness sessions and Living with Loss sessions. Building on our Dementia workshops we are working in collaboration with Alzheimer’s Scotland and STAND on the Dementia Carers Education Programme. We are now issuing regular news bulletins. We have strengthened our work within Fife hospitals, including having a worker in A&E to identify and offer support to carers who may attend hospital with someone they care for but who will not be admitted. Previously these carers may have slipped through the net and not been recognised as carers. We have also developed Comfort Packs with basic essentials, for carers who find themselves staying in hospital because of the severity of the health of the person they care for. We held a Carers Conference in Dunfermline, attended by 110 carers and stakeholder organisations.

We continue to facilitate support groups, walking groups and other social activities throughout Fife. We have invested in improved technology for the Centre, including a new database that better meets our needs to accurately report our work to our funders and make it easier for us to analyse the statistics, to identify areas with gaps in the service and enable us to address these. We applied for, and achieved the Carer Positive Award at the Exemplary level, recognising the level of support we offer to carers in our workplace.

Financial review

The accounts for the year to 31 March 2025 show a deficit of £62,206 compared to a surplus of £15,984 in the previous year. This comprises of a deficit on unrestricted and designated funds of £17,421 before transfers (2024 - deficit of £7,187) and a deficit on restricted funds of £44,785 before transfers (2024 - surplus of £23,171).

Principal funding sources

The principal sources of funding is Fife Health and Social Care Partnership.

Investment policy and objectives

It is the policy of the trustees that all funds, which the charity may have available to invest, are lodged in a not for profit bank account. Ensuring the security and ready availability of such funds are the main determining factors in setting the policy.

Investment performance

No bank interest accrued on Bank of Scotland's treasurers' accounts.

THE FIFE CARERS CENTRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Reserves policy and going concern

The trustees manage the reserves in such a way as to ensure that it has sufficient funds to meet various identified contingencies and foreseeable costs.

At the year end the charity had unrestricted reserves of £398,957 (2024 - £472,421). Of this amount, the Trustees have designated £183,006 (2024 - £188,726) in respect of the property and £82,653 (2024 - £82,653) to cover redundancy costs if it were ever required, leaving £133,298 (2024 - £201,042) to cover the following:

At the year end the charity held restricted reserves of £181,636 (2024 - £170,378).

Given the level of reserves held by the charity, there are no going concern issues at this time.

Future developments

Our challenge remains the same; to sustain and develop our service and to strive to meet the needs of the carers of Fife at a time where resources are increasingly stretched, both locally and nationally.

In the coming year we aim to strengthen our Board, ensuring a good mix of skills and knowledge to be able to drive the organisation forward.

We intend to take time to review all our services and how they are delivered to ensure they are still relevant.

We will continue working closely with our statutory partners to ensure the Carers (Scotland) Act 2016 is implemented in such a way that carers feel supported and valued but are also mindful that our service must primarily reflect what our carers tell us they need.

We always look to identify additional sources of funding to give us more flexibility and autonomy as an organisation.

Structure, governance and management Governing Document

The Fife Carers Centre is a company registered in Scotland (Number SC282309). The company is registered by the Office of Scottish Charity Regulator (OSCR) as a Scottish Charity (Number SC029466). The charity is a company limited by guarantee, incorporated on 30 March 2005, and the liability of each member of the charity in the event of its winding up is limited to £1. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

THE FIFE CARERS CENTRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Revd Robin McAlpine (Resigned as Convenor 12 August 2024) Mrs May Smith (Resigned as Vice Convenor 20 May 2024) Mr Graeme Clelland (Appointed as Chair 12 August 2024) Mrs Michèle Blackwood Mrs Teresa Hughes (Appointed as Vice Chair 12 August 2024) Mr John Carkit (Resigned 31 October 2025) Mrs Marlyn Baxter (Appointed 12 August 2024) Ms Anna Cairns (Appointed 12 August 2024, Resigned 27 May 2025) Mrs Mhairi Lochhead (Appointed 20 May 2024) Ms Wendy Chamberlain (Appointed 23 September 2024) Mrs Helen Skinner (Appointed 24 February 2025) Mr Fraser Mitchell (Appointed 22 September 2025) Mr Scott Crumley (Appointed 22 September 2025)

Key Management Personnel

Julie Johnson Operations Manager Sandra Morris General Manager Evan Carrie Training & Development Manager (Appointed 20 May 2024)

Reference and Administrative Details

Company Number SC282309 Charity Registration Number SC029466 Registered Office 157 Commercial Street Kirkcaldy KY1 2NS Auditor Thomson Cooper 3 Castle Court Carnegie Campus Dunfermline KY11 8PB Bankers Bank of Scotland Kirkcaldy Mitchelston Carberry Road Kirkcaldy KY1 3PA

Recruitment and Appointment of Trustees

Trustees can be appointed at any point throughout the year. Existing Trustees are eligible for re-election at the Annual General Meeting.

The Fife Carers Centre ensures all recruitment is open and transparent. Methods used to recruit and appoint Trustees include advertising throughout Fife, to ensure a wide breadth of candidates are reached, followed by an application, interview and induction process.

THE FIFE CARERS CENTRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Induction and training of new trustees

New trustees are offered induction covering roles and responsibilities etc. Updated policies are regularly circulated and organisational development days are held on a regular basis.

Pay policy for senior staff

The Trustees consider the board of directors and the Management Team as the key management personnel of the charity in charge of directing and controlling, running and operating the Charity on a day to day basis. All directors give their time freely and no director received remuneration in the year. Details of directors' expenses are disclosed in note 10 to the financial statements.

The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings.

Related parties

None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between any trustee of the charity and another organisation in which they are involved, must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. In the current year no such related party transactions were reported.

The charity continues to maintain close links with Fife Health and Social Care Partnership which provide reccurring funding for its activities, and with other key partnership bodies including Fife Voluntary Action and Coalition of Carers in Scotland.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The major risks, to which The Fife Carers Centre is exposed, have been identified by the trustees, and systems have been established in order to mitigate those risks. Such systems are reviewed annually by the board.

Statement of trustees' responsibilities

The charity trustees (who are also the directors of The Fife Carers Centre for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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

The trustees are responsible for keeping proper accounting records that 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 charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

THE FIFE CARERS CENTRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Auditor

In accordance with the company's articles, a resolution proposing that Thomson Cooper be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

Mrs M Lochhead

Trustee Dated: 6 November 2025

THE FIFE CARERS CENTRE

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE FIFE CARERS CENTRE

Opinion

We have audited the financial statements of The Fife Carers Centre (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 charity’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

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

THE FIFE CARERS CENTRE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE FIFE CARERS CENTRE

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotland) Regulations 2006 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 charity for the purpose 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.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it 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.

Extent to which the audit was capable of detecting irregularities, including fraud

We considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: existence and timing of recognition of income, posting of unusual journals along with complex transactions and non-compliance with laws and regulations. We discussed these risks with management, designed audit procedures to test the timing and existence of revenue and tested a sample of journals to confirm they were appropriate. In addition, we reviewed areas of judgement for indicators of management bias to address these risks.

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the officers and other management (as required by the auditing standards).

We reviewed the laws and regulations in areas that directly affect the financial statements including applicable charity and company law and considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

With the exception of any known or possible non-compliance with relevant and significant laws and regulations, and as required by the auditing standards, our work in respect of these was limited to enquiry of the officers and management of the charity.

THE FIFE CARERS CENTRE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE FIFE CARERS CENTRE

We communicated identified laws and regulations and potential fraud risks throughout our team and remained alert to any indications of non-compliance or fraud throughout the audit. However the primary responsibility for the prevention and detection of fraud rests with the trustees.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charity’s trustees, as a body, in accordance with Section 44(1) (c) of the Charities and Trustees Investment (Scotland) Act and regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity's trustees and members those matters we are required to state to them in an auditor's 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 and members as a body, for our audit work, for this report, or for the opinions we have formed.

Senior statutory auditor exemption

Thomson Cooper is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Fiona Haro (Senior Statutory Auditor) For and on behalf of Thomson Cooper, Statutory Auditors

Dunfermline

06-11-25

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

THE FIFE CARERS CENTRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Current financial year
Unrestricted
Designated
Restricted
funds
funds
funds
general
2025
2025
2025
Notes
£
£
£
Income from:
Donations and legacies
2
259,997
-
599,628
Other trading activities
3
1,702
-
1,014
Investments
4
4,795
-
1,443
Total income
266,494
-
602,085
Expenditure on:
Raising funds
5
14,097
-
1,767
Charitable activities
6
264,098
5,720
645,103
Total expenditure
278,195
5,720
646,870
Net (outgoing)/incoming resources before
transfers
(11,701)
(5,720)
(44,785)
Gross transfers between funds
(56,043)
-
56,043
Net movement in funds
(67,744)
(5,720)
11,258
Fund balances at 1 April 2024
201,042
271,379
170,378
Fund balances at 31 March 2025
133,298
265,659
181,636		 Total
2025
£
859,625
2,716
6,238
868,579
15,864
914,921
930,785
(62,206)
-
(62,206)
642,799
580,593		 Total
2024
£
870,957
3,153
4,871
878,981
15,968
847,029
862,997
15,984
-
15,984
626,815
642,799

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

THE FIFE CARERS CENTRE

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Prior financial year
Unrestricted
Designated
Restricted
funds
funds
funds
general
2024
2024
2024
Notes
£
£
£
Income from:
Donations and legacies
2
245,051
-
625,906
Other trading activities
3
3,153
-
-
Investments
4
2,183
-
2,688
Total income
250,387
-
628,594
Expenditure on:
Raising funds
5
15,968
-
-
Charitable activities
6
235,886
5,720
605,423
Total expenditure
251,854
5,720
605,423
Net (outgoing)/incoming resources before transfers
(1,467)
(5,720)
23,171
Gross transfers between funds
(28)
-
28
Net movement in funds
(1,495)
(5,720)
23,199
Fund balances at 1 April 2023
202,537
277,099
147,179
Fund balances at 31 March 2024
201,042
271,379
170,378		 Total
2024
£
870,957
3,153
4,871
878,981
15,968
847,029
862,997
15,984
-
15,984
626,815
642,799

THE FIFE CARERS CENTRE

BALANCE SHEET

AS AT 31 MARCH 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 12 211,742 210,459
Current assets
Debtors 13 7,119 14,396
Cash at bank and in hand 602,230 450,884
609,349 465,280
Creditors: amounts falling due within 14
one year (239,599) (32,545)
Net current assets 369,750 432,735
Total assets less current liabilities 581,492 643,194
Defined benefit pension liability 16 (899) (395)
Net assets 580,593 642,799
The funds of the charity
Restricted income funds 17 181,636 170,378
Unrestricted funds - general 19 133,298 201,042
Unrestricted funds - designated 18 265,659 271,379
580,593 642,799

The financial statements have been prepared in accordance with the provisions applicable to companies subject to small companies within Part 15 of the Companies Act 2006 and in accordance with Financial Reporting Standard 102.

The financial statements were approved by the trustees on 6 November 2025

Mrs M Lochhead

Trustee

Company registration number SC282309 (Scotland)

THE FIFE CARERS CENTRE

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash generated from operations
23
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash (used in)/generated from investing
activities
Net cash generated from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
(13,570)
6,238		 £
158,678
(7,332)
-
151,346
450,884
602,230		 2024
£
(684)
4,871		 £
29,549
4,187
-
33,736
417,148
450,884

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

The Fife Carers Centre is a charitable company limited by guarantee incorporated in Scotland. The registered office is 157 Commercial Street, Kirkcaldy, Fife, KY1 2NS.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.The trustees have considered a period of 12 months from the date of approval of the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds have been established which represents funds allocated by the Trustees to be used for a specific purpose.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to, and virtually certain to receive, the income and the amount can be quantified with reasonable accuracy. The following policies are applied to particular categories of income:

Voluntary income is received by way of grants and donations and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time Trustees is not recognised and refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance. Income is deferred when performance related grants are received in advance of the performances or event to which they relate.

Incoming resources from charitable activities are accounted for when earned.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Expenditure is recognised on an accrual basis as a liability is incurred. The company is not registered for VAT and accordingly irrecoverable VAT is charged against the category of resources expended to which it relates.

Charitable expenditure comprises those costs incurred by the charitable company in the delivery of its activities and services to its beneficiaries. It includes both the direct costs and indirect costs necessary to support these activities.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Property 2% Straight Line Fixtures and fittings 15%-20% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Employees of the charity are entitled to join the charity pension scheme which is funded by contributions from employee and employer. The scheme is a defined contribution scheme.

The company operated a defined benefit pension scheme which is now closed to future accrual. There is currently no intention to wind-up the Pension Scheme and it continues in paid-up form. The actuaries who administer the scheme advise the charity on the levels of contributions required and these are charged to expenditure as they become payable

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

The cost of providing benefits under defined benefit plans is determined separately for each plan using the projected unit credit method, and is based on actuarial advice.

The change in the net defined benefit liability arising from employee service during the year is recognised as an employee cost. The cost of plan introductions, benefit changes, settlements and curtailments are recognised as incurred.

The net interest element is determined by multiplying the net defined benefit liability by the discount rate, taking into account any changes in the net defined benefit liability during the period as a result of contribution and benefit payments. The net interest is recognised in income/(expenditure) for the year.

Remeasurement changes comprise actuarial gains and losses, the effect of the asset ceiling and the return on the net defined benefit liability excluding amounts included in net interest. These are recognised immediately in other recognised gains and losses in the period in which they occur and are not reclassified to income/ (expenditure) in subsequent periods.

The net defined benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information, and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed refunds from the scheme.

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

2 Donations and grants

Unrestricted
Restricted
funds
funds
general
2025
2025
£
£
Donations and grants
259,997
599,628
259,997
599,628
Donations and grants
Fife Council - Core
Funding
195,692
-
Donations
7,777
750
Professional Funding
42,150
-
Capacity Building
-
-
Neurological CSW
-
32,914
Localities CSW
-
190,990
Locality Empowerment &
Engagement
-
-
Christmas Vouchers
-
-
Other Grants
14,378
2,000
Community Hospital
-
38,195
Fife Council -Befriending
Project
-
35,058
CWS Dementia
-
66,671
Hospital Discharge
Worker - CWS
-
93,721
Advocacy Worker
-
37,156
Mental Health Worker
-
38,198
Practical Support
Bereavement
-
5,839
Hospital Transport
-
Carers Crisis Fund
-
Equalities Support
-
28,833
ASD/ADGD Parent
Carers
-
Training & Information
Officer
-
22,553
Carers Forum
-
6,750
259,997
599,628		 Total
Unrestricted
Restricted
funds
funds
general
2025
2024
2024
£
£
£
859,625
245,051
625,906
859,625
245,051
625,906
195,692
161,723
-
8,527
7,821
306
42,150
46,275
-
-
6,758
-
32,914
-
33,966
190,990
-
197,101
-
15,353
-
-
-
13,000
16,378
7,121
-
38,195
-
39,420
35,058
-
36,207
66,671
-
68,640
93,721
-
96,719
37,156
-
38,345
38,198
-
39,420
5,839
-
6,026
-
-
9,000
-
-
18,000
28,833
-
26,911
-
-
2,845
22,553
-
-
6,750
-
-
859,625
245,051
625,906		 Total
2024
£
870,957
870,957
161,723
8,127
46,275
6,758
33,966
197,101
15,353
13,000
7,121
39,420
36,207
68,640
96,719
38,345
39,420
6,026
9,000
18,000
26,911
2,845
-
-
870,957

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3 Other trading activities

Unrestricted
Restricted
funds
funds
general
2025
2025
£
£
Fundraising events
1,667
-
Other Income
35
1,014
Rental of office space
-
-
Other trading activities
1,702
1,014		 Total
Unrestricted
funds
general
2025
2024
£
£
1,667
961
1,049
279
-
1,913
2,716
3,153		 Total
Unrestricted
funds
general
2025
2024
£
£
1,667
961
1,049
279
-
1,913
2,716
3,153
3,153

4 Income from investments

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Interest receivable
4,795
1,443
Expenditure on raising funds
Unrestricted
Restricted
funds
funds
2025
2025
£
£
Fundraising and publicity
Seeking donations, grants
and legacies
14,097
1,767		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
6,238
2,183
2,688
Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
15,864
15,968
-		 Total
2024
£
4,871
Total
2024
£
15,968

5 Expenditure on raising funds

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

6 Charitable activities

Provide Provide
support to support to
unpaid unpaid
carers carers
2025 2024
£ £
Staff costs 719,301 661,033
Depreciation and loss on sale of assets 12,286 10,978
Insurance 2,835 2,441
Water rates 974 1,046
Heat & Light 10,066 7,265
Repairs & Maintenance 27,063 26,101
Sundry Costs 1,908 2,689
Database Costs 18,797 13,414
Workshop Expenses 2,738 533
Carers Events 20,402 53,187
Printing, Postage & Stationery 9,041 8,082
Telephone 13,684 14,866
Travel Expenses 11,986 12,780
Volunteers and Therapists 6,010 5,942
Subscriptions 5,316 3,142
Training 8,121 3,981
Professional Fees 17,411 9,394
887,939 836,874
Share of support costs (see note 7) 6,958 -
Share of governance costs (see note 7) 20,024 10,155
914,921 847,029
Analysis by fund
Unrestricted funds - general 264,098 235,886
Designated funds 5,720 5,720
Restricted funds 645,103 605,423
914,921 847,029

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

7
Support costs
Support
costs
Governance
costs
2025Support costs Governance
costs
£
£
£
£
£
Insurance
315
-
315
-
-
Water Rates
108
-
108
-
-
Heat & Light
1,118
-
1,118
-
-
Sundry Costs
212
-
212
-
-
Database Costs
2,089
-
2,089
-
-
Printing, Postage and
Stationery
1,005
-
1,005
-
-
Telephone
1,520
-
1,520
-
-
Subscriptions
591
-
591
-
-
Audit fees
-
11,847
11,847
-
9,255
Legal and professional
-
8,177
8,177
-
900
6,958
20,024
26,982
-
10,155
8
Net movement in funds
2025
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
11,847
Depreciation of owned tangible fixed assets
12,287		 2024
£
-
-
-
-
-
-
-
-
9,255
900
10,155
2024
£
9,255
10,978

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

10 Employees

The average monthly number of employees during the year was:

Charitable projects
Administration and support
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
19
7
26
2025
£
637,050
50,885
31,366
719,301		 2024
Number
20
7
27
2024
£
589,250
43,539
28,244
661,033

The key management personnel is comprised of the the General Manager, Operations Manager and the Training and Development Manager. The total employee benefits of the key management personnel of the charity were £116,669 (2024 - £105,908).

The charity was liable for contributions to employees’ personal pension plans totalling £31,366 (2024 - £28,244) in the year. At 31 March 2025 outstanding contributions totalled £5,540 (2024 - £4,708). There were no employees whose annual remuneration was £60,000 or more.

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

12
Tangible fixed assets
Property
Fixtures and
fittings
£
£
Cost
At 1 April 2024
285,977
45,962
Additions
-
13,570
At 31 March 2025
285,977
59,532
Depreciation and impairment
At 1 April 2024
97,249
24,231
Depreciation charged in the year
5,720
6,567
At 31 March 2025
102,969
30,798
Carrying amount
At 31 March 2025
183,008
28,734
At 31 March 2024
188,727
21,732
13
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
-
Prepayments and accrued income
7,119
7,119
14
Creditors: amounts falling due within one year
2025
Notes
£
Other taxation and social security
12,390
Deferred income
15
206,504
Trade creditors
5,011
Other creditors
5,676
Accruals
10,018
239,599		 Total
£
331,939
13,570
345,509
121,480
12,287
133,767
211,742
210,459
2024
£
2,397
11,999
14,396
2024
£
11,929
-
4,643
4,858
11,115
32,545

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2024
Resources deferred in the year
Deferred income at 31 March 2025		 2025
£
206,504
2025
£
206,504
-
206,504
206,504		 2024
£
-
2024
£
-
-
-
-

Amounts included in Deferred income includes monies received from Fife Council which relates to 2025/26.

16 Retirement benefit schemes

2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 31,366 28,244

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

Defined benefit schemes

The company participates in the scheme, a multi-employer scheme which provides benefits to some 638 nonassociated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme.

The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.

The scheme is classified as a 'last-man standing arrangement'. Therefore the company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

16 Retirement benefit schemes

(Continued)

Key assumptions

Key assumptions
2025 2024
% %
Rate of discount 4.84 5.31

The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions.

Amounts recognised in other comprehensive income
Other gains and losses
Total costs		 2025
£
897
897		 2024
£
-
-

The amounts included in the balance sheet arising from the charity's obligations in respect of defined benefit plans are as follows:

Liabilities/(assets):
Present value of defined benefit obligations
Deficit in scheme
Movements in the present value of defined benefit obligations
Liabilities at 1 April 2024
Contributions from scheme members
Unwinding of the discount factor
At 31 March 2025		 2025
£
899
899		 2024
£
395
395
2025
£
395
(403
907
899

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

17 Restricted funds

For the year ended 31 March 2025

Balance at
1 April 2024
r
£
Shopping Vouchers
2,980
Community Hospital
10,273
Postural Care Skills
2,634
Practical Support Bereavement
10,661
Befriending Project
33,759
CSW Dementia
-
CSW Hospital Discharge
38,106
Financial Hardship Fund
3,613
Advocacy Worker
36,626
Training & Information Officer
-
Hospital Transport
-
Caritas Legal
6,733
Carers Forum
-
Mental Health Worker
15,420
Neurological CSW
9,568
Localities CSW
-
Christmas Vouchers
5
Craft Group
-
Equalities Worker
-
170,378		 Movement in funds
Incoming
esources
Resources
expended
£
£
-
-
39,669
(33,486)
-
(2,634)
5,839
(6,607)
35,605
(33,037)
67,439
(62,180)
93,721
(109,230)
-
(1,766)
37,156
(33,366)
22,553
(22,553)
2,000
(1,411)
-
(336)
6,750
(2,532)
38,198
(39,285)
32,913
(22,453)
190,990
(244,547)
420
(124)
28,833
(31,326)
602,085
(646,871)		 Transfers
Balance at
31 March 2025
£
£
-
2,980
-
16,456
-
-
-
9,893
-
36,327
-
5,259
-
22,596
-
1,847
-
40,416
-
-
-
589
-
6,397
-
4,218
-
14,333
-
20,029
53,556
-
(5)
-
-
296
2,492
-
56,043
181,636		 Transfers
Balance at
31 March 2025
£
£
-
2,980
-
16,456
-
-
-
9,893
-
36,327
-
5,259
-
22,596
-
1,847
-
40,416
-
-
-
589
-
6,397
-
4,218
-
14,333
-
20,029
53,556
-
(5)
-
-
296
2,492
-
56,043
181,636
181,636

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

17 Restricted funds

(Continued)

For the year ended 31 March 2024

Balance at
1 April 2023
r
£
Shopping Vouchers
4,693
Community Hospital
3,510
Carer Information Strategy
3,098
Postural Care Skills
2,634
Practical Support Bereavement
5,835
Hospital Transport
2,600
Befriending Project
33,333
CSW Dementia
(194)
CSW Hospital Discharge
37,603
Financial Hardship Fund
4,000
Advocacy Worker
22,093
Caritas Legal
8,677
Mental Health Worker
12,860
Neurological CSW
397
Localities CSW
6,040
Christmas Vouchers
-
147,179		 Movement in funds
Incoming
esources
Resources
expended
£
£
-
(1,713)
42,108
(35,345)
29,756
(32,854)
-
-
6,026
(1,200)
9,000
(11,628)
36,515
(36,089)
68,640
(68,446)
96,719
(96,216)
18,000
(18,387)
38,343
(23,810)
-
(1,944)
39,420
(36,860)
33,966
(24,795)
197,101
(203,141)
13,000
(12,995)
615,594
(592,428)		 Transfers
Balance at
31 March 2024
£
£
-
2,980
-
10,273
-
-
-
2,634
-
10,661
28
-
-
33,759
-
-
-
38,106
-
3,613
-
36,626
-
6,733
-
15,420
-
9,568
-
-
-
5
28
170,378		 Transfers
Balance at
31 March 2024
£
£
-
2,980
-
10,273
-
-
-
2,634
-
10,661
28
-
-
33,759
-
-
-
38,106
-
3,613
-
36,626
-
6,733
-
15,420
-
9,568
-
-
-
5
28
170,378
170,378

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

17 Restricted funds

(Continued)

Shopping Vouchers

Awards to carers to help with the cost of living in line with the Carer Hardship Fund.

Community Hospital

Funding to support unpaid carers to increase their involvement and understanding of the discharge planning process for their cared for person.

Carer Information Strategy

Carer information strategy funding from the Scottish Government’s allocation to NHS Fife to meet the Carer Strategy Action Plan. Funding various activities such as IT infrastructure, Caring with Confidence workshops, Carer Support Worker (Equalities) and BME Interpretation.

Postural Care Skills

To provide carers training in postural skills programme.

Practical Support Bereavement

Supporting carers over the age of 18 to better prepare for and manage the ending of their caring role by providing bereavement support groups.

Hospital Transport Fund

An award to carers to help with covering the costs of visiting their cared for person in hospital, in line with set out criteria.

Befriending Project

Befriending project for isolated carers, identified through Carer Support and Planning process.

Carer Support Worker Dementia

Assisting carers in the community who are caring for people suffering from dementia.

Carer Support Worker Hospital Discharge

Working within the hospital setting, providing a person centred support service for carers where the cared for person is in hospital approaching discharge.

Financial Hardship Fund

Awards to carers to help with the cost of living in line with the Carer Hardship Fund.

Advocacy Worker

Providing a sensitive, person centred service for young carers and adult carers throughout Fife.

Caritas Legal

Funding to assist Carers with the preparation of Powers of Attorney.

Mental Health Worker

Assistance for carers with or caring for someone with a mental health situation

North East Fife Carer Support Worker and Localities Carer Support Worker

Funding from Fife Council to support Carers throughout Fife.

Neurological Carer Support Worker

Funding from Fife Council and R S Macdonald Charitable Trust to support Carers helping people with neurological conditions.

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

17 Restricted funds

(Continued)

ScotSpirit Holiday Voucher Scheme

Shared Care Scotland funding to fund holidays for carers, family and friends.

Training and Information Officer

Funding to support a training and information officer within the organisation.

Craft Group

Funding to help with covering the costs of crafting with their cared for person.

Equalities Worker

Funding to support an equalities officer within the organisation.

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Designated Funds

For the year ended 31 March 2025

Balance at
1 April 2024
Resources
expended
£
£
Designated fund - Heritable Property
188,726
(5,720)
Designaed fund - Redundancy Provision
82,653
-
271,379
(5,720)
For the year ended 31 March 2024
Balance at
1 April 2023
Resources
expended
£
£
Designated fund - Heritable Property
194,446
(5,720)
Designaed fund - Redundancy Provision
82,653
-
277,099
(5,720)		 Transfers
Balance at
31 March 2025
£
£
-
183,006
-
82,653
-
265,659
As Restated
Transfers
Balance at
31 March 2024
£
£
-
188,726
-
82,653
-
271,379		 Transfers
Balance at
31 March 2025
£
£
-
183,006
-
82,653
-
265,659
As Restated
Transfers
Balance at
31 March 2024
£
£
-
188,726
-
82,653
-
271,379
271,379

Designated fund – redundancy costs

Designated fund to cover the estimated redundancy costs that the charity may become exposed to.

Designated fund – Heritable property

Designated fund for the original purchase of the property. The annual depreciation charge is set against the fund.

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used.

Balance at
1 April 2024
r
£
General fund
201,042
201,042
Balance at
1 April 2023
r
£
General fund
202,537
202,537		 Movement in funds
Incoming
esources
Resources
expended
£
£
266,494
(278,195)
266,494
(278,195)
Movement in funds
Incoming
esources
Resources
expended
£
£
250,387
(251,854)
250,387
(251,854)		 Transfers
Balance at
31 March 2025
£
£
(56,043)
133,298
(56,043)
133,298
As Restated
Transfers
Balance at
31 March 2024
£
£
(28)
201,042
(28)
201,042		 Transfers
Balance at
31 March 2025
£
£
(56,043)
133,298
(56,043)
133,298
As Restated
Transfers
Balance at
31 March 2024
£
£
(28)
201,042
(28)
201,042
201,042

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

20 Analysis of net assets between funds

For the year ended 31 March 2025

Unrestricted
funds
Designated
funds
Restricted
funds
2025
2025
2025
£
£
£
Fund balances at 31 March 2025 are represented
by:
Tangible assets
26,030
183,006
2,706
Current assets/(liabilities)
108,167
82,653
178,930
Provisions and pensions
(899)
-
-
133,298
265,659
181,636		 Total
2025
£
211,742
369,750
(899)
580,593

For the year ended 31 March 2024

Unrestricted
funds
Designated
funds
Restricted
funds
2024
2024
2024
£
£
£
Fund balances at 31 March 2024 are represented
by:
Tangible assets
21,733
188,726
-
Current assets/(liabilities)
179,704
82,653
170,378
Provisions and pensions
(395)
-
-
201,042
271,379
170,378		 Total
2024
£
210,459
432,735
(395)
642,799

21 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2025
£
5,165
370
5,535		 2024
£
8,886
5,534
14,420

22 Related party transactions

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2024 – £Nil).

There were no other disclosable related party transactions during the year.

THE FIFE CARERS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

23
Cash generated from operations
(Deficit)/surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Difference between pension charge and cash contributions
Movements in working capital:
Decrease in debtors
Increase in creditors
Increase in deferred income
Cash generated from operations		 2025
£
(62,206)
(6,238)
12,286
504
7,278
550
206,504
158,678		 2024
£
15,984
(4,871)
10,978
(451)
1,385
6,524
-
29,549

24 Analysis of changes in net funds

The charity had no material debt during the year.