**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:
- To secure greater recognition for carers, either as individuals or as a group, with relevant agencies, professionals and the general public.
- To work with agencies to highlight the rights and needs of carers, individually and generally, and to ensure that these needs are raised with the appropriate agencies.
- To develop and offer a range of tools to enable and empower carers, should they so wish, to contribute effectively to areas of planning and decision making that impact on their caring role.
- To develop services that will provide carers with support and information, on both an individual and group basis.
- To monitor and evaluate services on an ongoing basis to ensure outcomes are achieved in an appropriate, efficient and cost effective manner.
- To secure sufficient funding and resources to meet the ongoing goals and objectives of the Carers Centre.
## Values:
- Carer Centred – providing services that reflect the unique circumstances of each individual
- Empathy – to accept and work alongside all those with whom we come in contact without prejudice or judgement
- Enabling – people to identify and develop solutions to their problems
- Integrity – to be honest and objective in everything we do and communicate openly and honestly
- Quality – to constantly improve the quality of the service we provide, through seeking and responding to the views of those with whom we work.
## 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.
- 1 -
## **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.
- 2 -
## **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:
- Sufficient funding to cover three months of non payroll overheads.
- Sufficient funding to cover legal and financial liabilities pertaining to a wind up of the organisation.
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.
- 3 -
## **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.
- 4 -
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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.
- 5 -
## **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
- 6 -
## **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:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006.
## **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.
- 7 -
## **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:
- the information given in the financial statements is inconsistent in any material respect with the trustees' report; or
- proper accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
## **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.
- 8 -
## **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
**.........................**
- 9 -
## **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.
- 10 -
## **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|
- 11 -
## **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)
- 12 -
## **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|
- 13 -
## **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.
- 14 -
## **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.
- 15 -
## **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
- 16 -
## **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.
- 17 -
## **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|
- 18 -
## **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**
- 19 -
## **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|
- 20 -
## **THE FIFE CARERS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**7**
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**2025**Support 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.
- 21 -
## **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.
- 22 -
## **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|
- 23 -
## **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.
- 24 -
## **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|
- 25 -
## **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|
- 26 -
## **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|
- 27 -
## **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.
- 28 -
## **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.
- 29 -
## **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.
- 30 -
## **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|
- 31 -
## **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.
- 32 -
## **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.
- 33 -