REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
TRINITY CARE AND SUPPORT |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
TRINITY CARE AND SUPPORT |
TRINITY CARE AND SUPPORT |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
Report of the Trustees | 1 | to | 4 |
Independent Examiner's Report | 5 |
Statement of Financial Activities | 6 |
Balance Sheet | 7 |
Notes to the Financial Statements | 8 | to | 16 |
TRINITY CARE AND SUPPORT (REGISTERED NUMBER: 06629868) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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 trustee report includes the directors' report as required by company law. |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
To relieve and assist carers who live in the County Borough of Bridgend by providing support to Individuals to access social and leisure opportunities in their local and wider communities. Within our Activity Clubs we provide a safe and caring environment which enables individuals to develop new and improve existing skills by engaging in a variety of activities and workshops. Trinity Care & Support (TC&S) work in partnership with other organisations and use local facilities in their near and wider communities, promoting inclusion as equal and valued citizens; to support individuals in broadening their experience and extending their life skills, enhancing their quality of life and promoting health and well-being. The organisation is currently on the Bridgend County Borough Council list of providers to provide a respite/support service to Individuals with a learning disability, and their Carers. |
Public benefit |
The Trustees are aware that the Charity has a responsibility under the Charities Act to demonstrate that it has charitable aims that meet the public benefit requirement and are therefore charitable. The Trustees confirm that they have had regard to the Charity Commission's guidance on public benefit and comply with s17 Charities Act 2011 in respect of having due regard to public benefit when considering, planning and implementing the activities of the charity. |
TRINITY CARE AND SUPPORT (REGISTERED NUMBER: 06629868) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
FINANCIAL REVIEW |
Financial position |
The Charity has had a more stable year with similar expenditure for fixed costs & wages totalling K£269 - while income rose by K£12 on the previous year, resulting in an overall gain of K£8.6 for this financial year ending 31/03/2024 This reported gain was welcomed as our financial package was giving unusual expenditures caused when wages were entered into QB until the accountants reconciled our accounts. The direction of TCS operations continues towards more domiciliary care as per our BCBC contract. TCS has several fixed costs from monthly packages to run the business and to run TCS day operations efficiently. A significant grant of K£5 was received after making an application to the Homfray trust. |
Income |
Income was up by K£12 on 2022/23 levels (K£266), also boosted by the large one-off grant as above. |
Private client rates were being reviewed at the end of the year, BCBC indicated that the hourly rate would be increased and will continue to be closely monitored to see if changes are required in 2023/24. |
Trinity's Rest caravan operated through 2023/24 giving a better income of K£13.3 (Parkdean fees and repairs amounted to K£8.2, giving a surplus in 23/24 of K£5.1). NB In 2022/23 as TCS took a decision to follow up a request from local councils with a project to assist families in need, displacing full price rate rentals through the site owner when not required by TCS, hence lower income in 22/23 K£6.5. |
Bank interest rates have improved giving a better interest return in 23/24. |
There have been no other major sources of income. |
Debtors |
Debts are always present and levels fluctuate throughout the year but are closely monitored and payments chased, but on a positive note the year end trade were lower by K£10 at the end of this period totalling K£26. |
Debtors' amounts can be at times significant; a small amount of bad debt was written off during 23/24. |
The cash level at the bank is improved by K£24. |
The club at Tondu did not operate again this year - no financial effect. |
Expenditure |
Total expenditure for the financial year was K£269 with employment costs being, as usual, the largest item - there were no unusual large spend items. |
As a wage uplift was being scheduled for 01/04/24, consideration of the award was made taking note of the planned imminent Real Living Wage increase announced by the government for the same date. The effect of various wage rise scenarios on the annual bill were reviewed and balanced with the potential rise in hourly rates indicated by BCBC after budget deliberations; private rates (in comparison with other local providers) were reviewed and increased. |
To assist day staff with the increased demands of staff organisation involved in domiciliary care rota planning, management continued with Care Planner, a software monitoring system. Engagement with Peninsula (HR & HS specialist for expert advice & involvement) and e-learning package (to keep our staff up to date with necessary modules) both continue. Supplier of e-learning package to be reviewed soon for cost and training needs effectiveness. |
Reserves Policy |
A draft policy has been constructed by TCS for review by the accountants, as advice is needed on amounts to be stated in the Table of Reserves. The board financial report now includes reference to our Reserves Policy & current situation. The main use of reserves has been to aid cash flow when the current account is low at payday time due to high amounts invoiced to one client but awaiting payment. |
In conclusion |
The slight increase in expenditure was more than met by a larger income increase in 2023/24. Reserves are, therefore, up and continue to be healthy. |
TRINITY CARE AND SUPPORT (REGISTERED NUMBER: 06629868) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
Looking forward, the wage award made for 01/01/24 year has been funded by uplifts in BCBC hourly rates & private rate. No major items of spend are planned |
Derek Hemfrey |
Treasurer |
Reserves policy |
At present, the charity has no formal reserve policy, but as noted above, a reserves policy is being prepared by the trustees and will be completed very shortly.. |
Free reserves at 31/03/2024 were £107,117 (2023: £102,103). |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Recruitment and appointment of new trustees |
New Trustees must be interviewed by the current Board of Trustees, and if appointed are informed of their legal obligations under charity law, the decision-making process and the business plan and recent financial performance of the charity. The charity aims to recruit people who can offer a range of skills. |
Organisational structure |
Trustees are appointed by the board of trustees and serve for two years after which period they may put themselves forward for re-appointment. The trustees meet bi-monthly. The charity is governed by a Constitution adopted December 1994. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Registered manager: Nicola Berriman (from 8th January 2024) |
Company Secretary |
TRINITY CARE AND SUPPORT (REGISTERED NUMBER: 06629868) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Independent Examiner |
R.I. Knoyle ACA FCCA |
Baker Knoyle Chartered Accountants |
Orbit Business Centre |
Merthyr Tydfil |
CF48 1DL |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
TRINITY CARE AND SUPPORT |
Independent examiner's report to the trustees of Trinity Care And Support ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
R.I. Knoyle ACA FCCA |
The Institute of Chartered Accountants in England and Wales |
Baker Knoyle Chartered Accountants |
Orbit Business Centre |
Merthyr Tydfil |
CF48 1DL |
28 August 2024 |
TRINITY CARE AND SUPPORT |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 31 MARCH 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 3 |
Other trading activities | 4 |
Investment income | 5 |
Other income |
Total |
EXPENDITURE ON |
Charitable activities | 6 |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 145,050 |
TRINITY CARE AND SUPPORT (REGISTERED NUMBER: 06629868) |
BALANCE SHEET |
31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 13 |
CURRENT ASSETS |
Debtors | 14 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 15 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 17 |
Unrestricted funds | 145,050 |
TOTAL FUNDS | 145,050 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
TRINITY CARE AND SUPPORT |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | GENERAL INFORMATION |
The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The directors are the trustees and they form a board of trustees which sets the strategic direction of the charity and monitors the performance of the charity against its goals. The aims and objectives and rules for governance are set out in the Memorandum and Articles of Association. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through income or expenditure. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
The following specific policies are applied to particular categories of income: |
Voluntary income: Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. |
Legacy income is recognised when receipt is probable and entitlement is established. |
Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. |
Income from contracts for the supply of services is recognised with the delivery of the contracted |
service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. |
Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. |
Other expenditure includes all expenditure that is neither related to raising funds for the charity |
nor part of its expenditure on charitable activities. |
TRINITY CARE AND SUPPORT |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
2. | ACCOUNTING POLICIES - continued |
Expenditure |
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Caravan | - |
Equipment | - |
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. |
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Designated funds are unrestricted funds earmarked by the trustees for particular future project or |
commitment. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Debtors and creditors receivable/payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
transaction price. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
The charity complies with the auto-enrolment regime, buy operating a pension scheme with Now Pensions. Contributions are recognised as an expense in the period in which they fall due. |
Going concern |
There are no material uncertainties about the charity's ability to continue. The trustees have considered the anticipated income and their expected costs for the forthcoming twelve months and are confident they have sufficient cashflow reserves to meet all liabilities as they fall due. |
For this reason, the trustees continue to adopt the going concern basis for preparing the financial |
statements. |
TRINITY CARE AND SUPPORT |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
3. | DONATIONS AND LEGACIES |
2024 | 2023 |
£ | £ |
Donations |
Grants |
Grants received, included in the above, are as follows: |
2024 | 2023 |
£ | £ |
Caravan Grant | 2,447 | 2,447 |
WG Covid Grants | - | 3,507 |
WG Carers Grant | - | 19,474 |
Mary Homfray Charitable Trust | 5,000 | - |
7,447 | 25,428 |
4. | OTHER TRADING ACTIVITIES |
2024 | 2023 |
£ | £ |
Caravan Hire | 13,262 | 6,527 |
TCC Craft Club | 1,423 | 569 |
Private Sitting | 252,461 | 228,161 |
Rental Income | - | 681 |
5. | INVESTMENT INCOME |
2024 | 2023 |
£ | £ |
Deposit account interest |
6. | CHARITABLE ACTIVITIES COSTS |
Support |
Direct | costs (see |
Costs | note 7) | Totals |
£ | £ | £ |
Training and Care Activities | 246,926 | 22,167 | 269,093 |
TRINITY CARE AND SUPPORT |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
7. | SUPPORT COSTS |
Information | Governance |
technology | Other | costs | Totals |
£ | £ | £ | £ |
Training and Care Activities | 2,054 | 13,689 | 6,424 | 22,167 |
Support costs, included in the above, are as follows: |
2024 | 2023 |
Training |
and Care | Total |
Activities | activities |
£ | £ |
Communications & IT | 2,054 | 2,397 |
Insurance | 3,885 | 3,391 |
Sundries | - | 433 |
General office costs | 78 | 1,403 |
Premises costs | 8,160 | 6,402 |
Depreciation of tangible fixed assets | 1,566 | 1,919 |
Independent examiners' remuneration | 2,190 | 1,890 |
Legal & professional fees | 4,234 | 4,234 |
22,167 | 22,069 |
8. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2024 | 2023 |
£ | £ |
Depreciation - owned assets |
9. | INDEPENDENT EXAMINERS' REMUNERATION |
2024 | 2023 |
£ | £ |
Fees payable to the charity's auditors for the audit of the charity's financial statements |
2,190 |
1,890 |
Amounts payable to Independent Examiners in relation to software licences were £288 (2023: £288). |
10. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
TRINITY CARE AND SUPPORT |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
11. | STAFF COSTS |
2024 | 2023 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
221,619 | 228,135 |
The average monthly number of employees during the year was as follows: |
2024 | 2023 |
Administration staff | 3 | 3 |
Operational staff | 14 | 14 |
There are no high paid staff. |
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £34,916 (2023: £38,230). |
12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities |
Investment income |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
266,849 | - |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 145,551 | - |
TOTAL FUNDS CARRIED FORWARD | 145,050 | - | 145,050 |
TRINITY CARE AND SUPPORT |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
13. | TANGIBLE FIXED ASSETS |
Caravan | Equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2023 and 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
14. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Pension Control Account | 1,912 | 729 |
Prepayments |
Other Debtors | 14,967 | 10,433 |
15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Social security and other taxes |
Other creditors and accruals | 2,040 | 3,506 |
Net Wages Control Account | 15,310 | - |
Deferred Income | 2,447 | 4,894 |
Deferred Income |
Deferred income represents income received from contributing agencies where the contribution was restricted to a fixed time period project which extends beyond the current financial year. Income is deferred on the basis that the contribution was to the project as a whole, the time period of the project was fully disclosed to the contributing agencies and that time period is certain. |
The deferred income carried forward is analysed as follows: | 2024 | 2023 |
£ | £ |
Opening balance | 4,894 | 7,341 |
Movement in the year | (2,447 | ) | (2,447 | ) |
Deferred income carried forward | 2,447 | 4,894 |
Deferred income analysed by project: | 2024 | 2023 |
£ | £ |
Unrestricted - Grant for Caravan | 2,447 | 4,894 |
TRINITY CARE AND SUPPORT |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
16. | ANALYSIS OF NET ASSETS BETWEEN FUNDS |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Fixed assets | 4,021 | - | 4,021 | 5,587 |
Current assets |
Current liabilities | ( |
) | ( |
) | ( |
) |
153,610 | - | 153,610 | 145,050 |
17. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1/4/23 | in funds | funds | 31/3/24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 102,103 | 8,560 | (3,546 | ) | 107,117 |
Designated Fund | 42,947 | - | 3,546 | 46,493 |
8,560 |
TOTAL FUNDS | 8,560 | 153,610 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 272,653 | (264,093 | ) | 8,560 |
Restricted funds |
Mary Homfray Grant | 5,000 | (5,000 | ) | - |
TOTAL FUNDS | ( |
) | 8,560 |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1/4/22 | in funds | funds | 31/3/23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 100,566 | (501 | ) | 2,038 | 102,103 |
Designated Fund | 44,985 | - | (2,038 | ) | 42,947 |
145,551 | (501 | ) | - | 145,050 |
TOTAL FUNDS | 145,551 | (501 | ) | - | 145,050 |
TRINITY CARE AND SUPPORT |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
17. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 266,348 | (266,849 | ) | (501 | ) |
TOTAL FUNDS | 266,348 | (266,849 | ) | (501 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net | Transfers |
movement | between | At |
At 1/4/22 | in funds | funds | 31/3/24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 100,566 | 8,059 | (1,508 | ) | 107,117 |
Designated Fund | 44,985 | - | 1,508 | 46,493 |
145,551 | 8,059 | - | 153,610 |
TOTAL FUNDS | 145,551 | 8,059 | - | 153,610 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 539,001 | (530,942 | ) | 8,059 |
Restricted funds |
Mary Homfray Grant | 5,000 | (5,000 | ) | - |
TOTAL FUNDS | 544,001 | (535,942 | ) | 8,059 |
Analysis of Designated Funds |
2024 | 2023 |
£ | £ |
Funds set aside for write down of fixed assets | 4,021 | 5,587 |
Funds set aside from caravan rental surplus | 42,472 | 37,360 |
Designated funds | 46,493 | 42,947 |
Surpluses generated from the caravan hire have been set aside to assist with the purchase of a replacement caravan in future years. |
TRINITY CARE AND SUPPORT |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
18. | EMPLOYEE BENEFIT OBLIGATIONS |
The amount recognised as an expense in relation to defined contribution plans was £2,947. At the 31st March 2024 there was a pension debtor of £1,912 (2023: £729). |
19. | RELATED PARTY DISCLOSURES |
20. | CONTROL |
The Charity is controlled by its directors/trustees. |
21. | GIFTS IN KIND |
Volunteer time |
The value of volunteer time is not quantified in terms of money but the time contributed by volunteers is an invaluable resource in terms of the outstanding contribution made by them. The number of hours contributed by volunteers in the year was 310 (2023: 80). |