Caseware UK (AP4) 2023.0.135 2023.0.135 Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-3045158281907490061943321453261427802024-04-302023-05-01falseNo description of principal activity55 06231733 2023-05-01 2024-04-30 06231733 2022-05-01 2023-04-30 06231733 2024-04-30 06231733 2023-04-30 06231733 2023-05-01 06231733 2022-05-01 06231733 c:CompanySecretary1 2023-05-01 2024-04-30 06231733 c:RegisteredOffice 2023-05-01 2024-04-30 06231733 d:ComputerEquipment 2023-05-01 2024-04-30 06231733 d:ComputerEquipment 2024-04-30 06231733 d:ComputerEquipment 2023-04-30 06231733 d:CurrentFinancialInstruments 2024-04-30 06231733 d:CurrentFinancialInstruments 2023-04-30 06231733 c:FRS102 2023-05-01 2024-04-30 06231733 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06231733 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06231733 b:Trustee1 2023-05-01 2024-04-30 06231733 b:Trustee2 2023-05-01 2024-04-30 06231733 b:Trustee3 2023-05-01 2024-04-30 06231733 b:Trustee4 2023-05-01 2024-04-30 06231733 b:Trustee5 2023-05-01 2024-04-30 06231733 b:Trustee6 2023-05-01 2024-04-30 06231733 b:RestrictedIncomeFunds 2023-05-01 2024-04-30 06231733 b:TotalEndowmentFunds 2023-05-01 2024-04-30 06231733 b:RestrictedIncomeFunds 2024-04-30 06231733 b:RestrictedIncomeFunds 2023-04-30 06231733 b:TotalEndowmentFunds 2024-04-30 06231733 b:TotalEndowmentFunds 2023-04-30 06231733 b:TotalUnrestrictedFunds 2024-04-30 06231733 b:TotalUnrestrictedFunds 2023-04-30 06231733 b:TotalRestrictedIncomeFunds 2024-04-30 06231733 b:TotalRestrictedIncomeFunds 2023-04-30 06231733 c:FullAccounts 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 06231733
Charity number: 1121374











CAREIF
(A company limited by guarantee)








UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
CAREIF
 
(A company limited by guarantee)
 

CONTENTS



Page
Reference and administrative details of the Company, its Trustees and advisers
 
 
1
Trustees' report
 
 
2 - 9
Statement of financial activities
 
 
10
Balance sheet
 
 
11 - 12
Notes to the financial statements
 
 
13 - 21

 
CAREIF
 
(A company limited by guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 APRIL 2024



Trustees
Prof Rachel Tribe, Chair
Simon Levene (resigned 10 July 2024)
Dr Anthony Phillip Boardman
Dr Koravangattu Valsraj
Dr Muhammad Afzal Javed (appointed 12 March 2024)
Mr George Thomas Nicholas Wilkinson

Company registered number
06231733

Charity registered number
1121374

Registered office
Victoria Court
17-21 Ashford Road
Maidstone
Kent
ME14 5DA

Company secretary
Prof Rachel Tribe

Accountants
MHA
Chartered Accountants
Victoria Court
17-21 Ashford Road
Maidstone
Kent
ME14 5DA

Page 1

 
CAREIF
 
(A company limited by guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 APRIL 2024

Chair's introduction
Careif has achieved a lot in the last year, much of which is detailed later in this report and we continue to focus on ensuring that we meet our mission, supporting people and communities across the world to share their knowledge to improve services and change lives. Achievements of note include expanding both our national and international work. For the former, this has included running a number of training events for clinicians and interpreters across the United Kingdom on working in mental health, the publication of a book by one of our Trustees, and a variety of lectures. Internationally we have been invited to undertake work in partnership with organisations in Kenya, Sri Lanka, India, Switzerland, and Pakistan. All of these activities have come through invitations from local organisations and we are also in discussions about a future partnership with an organisation based in Senegal.
Trustees' report 
The Trustees present their report and financial statements for the year ended 30 April 2024. 
In this Report, references to Careif, the Company and the Charity are to Careif. The Directors of Careif are Charity Trustees for the purposes of charity law. Under the Charity’s articles of association, they comprise the Board of Trustees and are referred to as Trustees.
The Trustees confirm that the Annual Report and financial statements of the Charity comply with the statutory requirements, the requirements of the Charity’s governing document, and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102, second edition October 2019, effective January 2019). 
 

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 is not required.
 

Objectives and activities
 

a. Policies and objectives
 

Careif is an international mental health charity that works towards increasing awareness of mental health conditions and the mental health of everyone across all countries and cultures. Its charitable object is to preserve and protect good mental health, in particular but not exclusively by:
a) conducting study and research for the public benefit and publishing and disseminating the useful results; and
b) increasing awareness of mental health in its local, national and global context amongst health professionals, service providers and the public
 

Public benefit
The Trustees confirm that they have complied with the duty set out in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance issued by the Charity Commission when making decisions in the day-to-day running of the Charity.
The Trustees are satisfied that the aims and objectives of the Charity meet the public benefit requirement and that the Charity’s activities are in support of those aims.
 

Page 2

 
CAREIF
 
(A company limited by guarantee)
 
Objectives and activities (continued)

b. Strategies for achieving objectives
 

The Charity is dedicated to supporting people and communities across the world to share their knowledge to improve services and change lives. 
It focuses on training, learning and the dissemination of information, believing that knowledge and understanding are essential in the journey to improve conditions for those with mental ill-health and to improve mental health and wellbeing. 
The Charity holds that knowledge should not only be available to those with wealth or who live in high-income countries and in the urban and industrialised parts of the world but should be shared with all, recognising that knowledge gleaned from low- and middle-income countries and the less developed, rural, and poorer countries of the world is equally valuable learning to that from the wealthier parts of the world.
To these ends, the Charity is committed to:
• respect the traditions and values of individual societies and cultures around the world
• encourage people to work together, share their experiences and inspire others
• bring together individuals, communities, non-governmental bodies and other interested government organisations to achieve change
• use the best available evidence of what works based on research, evaluation and practice-based knowledge
• promote positive changes for individuals and organisations, and facilitate the creation of good quality care
 

c. Equality and diversity
 

The Charity is fully committed to equality and diversity, believing that diversity is about the recognition and valuing of difference in the broadest sense and recognising that people with different backgrounds, skills, cultures, and experiences bring fresh ideas and perceptions that benefit the organisation and all its stakeholders. 
 

Achievements and performance
 

a. Key performance indicators
 

The total incoming resources for the year were £10,121 (2023: £4,195), while total resources expended were
£6,924 (2023: £2,925), leaving net incoming resources of £3,197 (2023: £1,270). In financial terms, therefore, this has again been a relatively quiet year for Careif. However, this does not reflect a lack of activity as several important projects and initiatives were in train.
 

Page 3

 
CAREIF
 
(A company limited by guarantee)
 
Achievements and performance (continued)

b. Review of activities
 

In the course of the year the Charity has been involved in a wide range of projects, detailed below, as well as continuing to develop our website and social media presence. Our monthly blog highlights aspects of our work.  
 
South India Dementia carers project
Careif is continuing to collaborate with the Beth Johnson Foundation around supporting people with dementia in the UK and in India.
The Health Needs of the Indo-Caribbean Community in the United Kingdom
The Careif team continued to work on its overview of the physical and mental health needs of the Indo-Caribbean community in the United Kingdom, examining the history of the Indo-Caribbean community in the UK, the prevalence of mental health conditions among the community, the barriers to accessing mental health services, and the existing services available.
Working with interpreters in mental health
Throughout the year Careif has provided training jointly with the British Psychological Society (BPS), the National Register of Public Service Interpreters (NRPSI) and the Association of Community Interpreters (ACIS) for clinicians  working with interpreters in mental health  and vice versa. These events  were  attended by both interpreters and mental health practitioners. This training was offered at no cost.  These training events were located at universities, the offices of the British Psychological Society and in some health trusts.  The trainers used exercises, role plays, theoretical input, practice examples, video material and small group discussions in the training.  The sessions covered a range of topics including best practice when working with interpreters, the duty of care to interpreters, the legal context, idioms of distress and explanatory health beliefs as well as working across cultures. Clinical attendees came from a variety of specialisms including clinical immunology, dermatology, geriatrics, gynaecology & obstetrics, haemophilia, HIV, Intensive Care unit, pain clinics, liver medicine, maternity, neuropsychology, plastics, renal, trauma and other health specialisms, whilst other participants worked in a range of legal, third sector and welfare contexts.  The audience ranged from trainees on placements, undergraduates, assistant psychologists, consultant psychologists, psychiatrists, and the interpreting attendees included interpreters of numerous languages and a variety of contexts including BSL interpreters. Participants reported that their skill levels and confidence had increased, and this was true for both interpreters and clinicians.  The trainers also obtained detailed feedback from each participant and used this to enhance the next training session to be offered, making this an iterative developmental process.  
Work in Sri Lanka
Careif held a workshop on the topic of responding to crises and traumatic events for interns working at Samutthana, a mental health resource centre based in Colombo, Sri Lanka working to develop capacity building in mental health around Sri Lanka. We also ran several training workshops at two Sri Lankan universities  for staff and students on a range of topics relating to mental health.
Later in the year, Careif was approached by the Bishop of Colombo, the Right Reverend Dushantha Rodrigo, who asked us to assist in the planning and running of two training events for members of the Church of Ceylon, to improve the knowledge and understanding of parish priests regarding mental health and ill-health and to promote and enhance local support systems.
 
Page 4

 
CAREIF
 
(A company limited by guarantee)
 
Achievements and performance (continued)

Work in Kenya
Professor Rachel Tribe, a Careif Trustee, together with the founder of Rafiki Foster Care, Ms Angelina Jalonen conducted a short life skills programme for the residents. The Rafiki Home supports 18 children aged between 7–19 years. As a result of this meeting and the training, Careif has been invited to run further life skills training programmes for the young people that are resident in the home and also for a women’s group based in Nairobi.
Other activities
Following publication of the second edition of Social Inclusion and Mental Health: Understanding Poverty, Inequality and Social Exclusion, Dr Jed Boardman (Vice chair of Careif and one of the book’s authors) talked on Social Exclusion and Mental Health to the Professional Doctorate in Counselling Psychology students at the University of East London as part of their Social Inequality and Wellbeing Series.
Careif was prominently featured by our colleagues from the International Institute for Geopsychiatry who presented two pioneering, and state-of-the-art, symposiums on ‘geopsychiatry’, a new intersectoral field focusing on the interface between geopolitical events and their impact on the practice of psychiatry across all ages and subspecialties.
Professor Rachel Tribe was an invited speaker at the Asian CBT conference held in New Delhi in February/March 2024 where she presented a workshop on ‘Working in mental health across language and culture’.
 

Financial Review
 

a. Income and Expenditure
 

The Charity has made a surplus of £3,197 for the year (2023 £1,270) split between unrestricted funds and restricted funds.
Total income for the year ended 30 April 2024 is £10,121 (2023 : £4,195).
Grants, donations and legacies of £8,324 (2023 : £3,615) 
Total expenditure for the year is £6,924 (2023: £2,925). This has been closely monitored throughout the year, with the ongoing control of overheads.
Balance Sheet
The balance sheet remains strong with cash holdings of £95,665.
 

b. Going concern
 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
 

Page 5

 
CAREIF
 
(A company limited by guarantee)
 
Financial Review (continued)

c. Reserves policy
 

Restricted funds received for specific projects or purposes that are not available for general use stand at £72,663 (2023: £71,390) at year end.
At the end of the year free unrestricted reserves amounted to £24,503 (2023: £22,579).
The Board is currently reviewing the Charity’s reserves policy, to ensure that the Charity maintains unrestricted funds at an appropriate level, both to protect the Charity against any potential crisis or adversity and to allow it to take advantage of new opportunities. As a result the Charity’s free unrestricted reserves are higher than expected.
 

d. Principal risks and uncertainties
 

The Trustees have ultimate responsibility for the management of risk.
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Company, and to the best of their knowledge are satisfied that appropriate systems and procedures are in place to mitigate exposure to the major risks.
The Board of Trustees consider the potential greatest area of risk is the uncertainty of funding, and ensuring that the Charity develops varied and sustainable income streams.
 

e. Fundraising
 

In accordance with the Charities Act 2011, as amended in 2016, the Charity endeavours to adhere to the Code of Fundraising Practice governed by the Fundraising Regulator, and all relevant guidance published by the Chartered Institute of Fundraising including treating donors fairly. 
The Charity did not receive any complaints in relations to fundraising in the year. 
The Charity wishes to take this opportunity to thank all its funders, including its patrons and individuals who have donated to the Charity, for their invaluable support. 
 

Structure, governance and management
 

a. Constitution and governing documents
 

The Charity is a company limited by guarantee, incorporated in England and Wales on 30 April 2007 under number 06231733. Its governing documents are its Memorandum and Articles of Association. It was registered as a Charity on 26 October 2007.
The Board of Trustees is responsible for the governance and strategy of Careif. The articles of association allow for between 3 and 17 Trustees who have the legal responsibility for the activities of Careif. 
The Board of Trustees meets not less than every two months.
 

Page 6

 
CAREIF
 
(A company limited by guarantee)
 
Structure, governance and management (continued)

b. Trustees and methods of appointment or election of Trustees
 

None of the Trustees has any beneficial interest in the Charity. All the Trustees are members of the Charity and guarantee to contribute £1 in the event of winding up.
The Articles of Association provide for Trustees to be appointed to serve for a period of three years. A Trustee may be re-appointed for further three year terms. There is no maximum period a Trustee may serve.
In appointing Trustees, the Charity takes into account the nature of its work, the requirements of its beneficiaries, and seeks to ensure an effective mix of experience and skills on the Board. There is at present no formal application process. 
During the financial year Dr Afzal Javed was appointed as a Trustee and will be proposed for reappointment at the 2024 AGM.
The Charity takes steps to ensure that all Trustees are familiar with the activities of the Charity and new Trustees are expected to undertake an induction process that covers:
• their obligations as both Trustees and members;
• the operational framework for the Charity;
• resourcing and the current financial position as set out in the latest published accounts; 
• the Charity’s future plans and objectives. 
 

c. Related party relationships
 

None of the Trustees receives remuneration or other benefit from their work with the Charity. Any links with potential related parties must be identified and disclosed to the Board of Trustees and this is reviewed on a regular basis. Declarations of interest are also disclosed and recorded. A register is maintained of all related parties to monitor for any associated risks or conflicts of interest that may arise. 
All Trustees give of their time freely and no Trustee received remuneration in the year. 
Expenses of £37 were paid to George Wilkinson in the year for reimbursement of travel and postage costs.
 

d. Investment
 

The Charity has no specific investment powers. Any surplus funds in addition to the funds required for the day-to-day requirements of the Charity are put on deposit with the Charity’s bankers to maximise receivable interest.
 

Page 7

 
CAREIF
 
(A company limited by guarantee)
 
Plans for future periods
 

Careif’s plans for the future include the following:
Social Justice, Social Discrimination and Mental Health Theory, Practice, and Professional Issues
The Careif book Social Justice, Social Discrimination and Mental Health Theory, Practice, and Professional Issues edited by Professor Dinesh Bhugra and Professor Rachel Tribe was published by Routledge in September 2024. Careif is planning a formal launch of the book early in 2025.
The Health Needs of the Indo-Caribbean Community in the United Kingdom
Plans are well advanced for the launch of Careif’s scoping review of the Mental Health of Indo-Caribbeans in the United Kingdom.
I
mproving the Mental Health of South Asian Populations in the United Kingdom
We continue to build on our report on improving the Mental Health of South Asian populations in the United Kingdom by working with our partners, the Ethnic Inclusion Foundation (EIF).  We are in discussions with the EIF  and their local NHS trust about the delivery of culturally sensitive training.   
Fountain House, Lahore
Discussions are in progress with Fountain House, Lahore in Pakistan in relation to a collaboration to foster information transfer and capacity building. This is being led by our Trustee, professor Afzal Javed. Fountain House is a pioneering community psychiatric service based in Lahore, Pakistan.
Working with Interpreters in Mental Health
Further training events are planned in partnership with BPS, NRPSI and ACIS to deliver training to both mental health practitioners and interpreters. These events will cover best practice when working with interpreters, the duty of care to interpreters, the legal context, idioms of distress, and explanatory health beliefs. 
South India Dementia carers project
The Charity will further develop the work with The Beth Johnson Foundation on supporting people with dementia in the UK and in India.
 
Blue Butterfly
We plan to hold a Blue Butterfly lecture series of webinars starting in 2025 and promote an international campaign for equity between physical and mental health in the context of funding for services and research.
The symbol of both the lecture series and the Campaign for Health Equity is the Costa Rican Morpho Menelaus blue butterfly (the butterfly representing psyche/soul and Morpho meaning change). This campaign will be international and will be led by Careif and SANE, a mental health charity, and possibly with other supporters as well.
 

Page 8

 
CAREIF
 
(A company limited by guarantee)
 
Statement of Trustees' responsibilities
 

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) 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 Company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


 

Approved by order of the members of the board of Trustees and signed on their behalf by:


Prof Rachel Tribe

Date: 17 December 2024

Page 9

 
CAREIF
 
(A company limited by guarantee)

 
 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 APRIL 2024


Restricted funds
2024
Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
Note
        £
        £
        £
        £

Income from:







Donations and legacies

4

-

8,324

8,324

3,615
 
Investments

5

1,566

231

1,797

580
 
Total income
1,566
8,555
10,121
4,195
Expenditure on:







Charitable activities


293

6,631

6,924

2,925
 
Total expenditure
293
6,631
6,924
2,925

Net movement in funds
  
1,273
1,924
3,197
1,270

Reconciliation of funds:

  





Total funds brought forward

  

71,390

22,579

93,969

92,699
 
Net movement in funds

  

1,273

1,924

3,197

1,270
 
Total funds carried forward
  
72,663
24,503
97,166
93,969

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

The notes on pages 13 to 21 form part of these financial statements.

Page 10

 
CAREIF
 
(A company limited by guarantee)
REGISTERED NUMBER: 06231733

 
 
BALANCE SHEET
AS AT 30 APRIL 2024


2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 8 
1,668
2,421

  
1,668
2,421

Current assets
  

Debtors
 9 
1,225
-

Cash at bank and in hand
  
95,665
93,648

  
96,890
93,648

Creditors: amounts falling due within one year
 10 
(1,392)
(2,100)

Net current assets 
  
 
 
95,498
 
 
91,548

Total net assets 
  
97,166
93,969


Charity funds
  

Restricted funds
 11 
72,663
71,390

Unrestricted funds
 11 
24,503
22,579

Total funds
  
97,166
93,969

Page 11

 
CAREIF
 
(A company limited by guarantee)
REGISTERED NUMBER: 06231733

 
 
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:




Prof Rachel Tribe



Mr George Wilkinson
Date: 17 December 2024

The notes on pages 13 to 21 form part of these financial statements.

Page 12

 
CAREIF

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

CAREIF is an incorporated charitable organisation, registered in England and Wales in the United Kingdom. The address of the registered office is Victoria Court, 17-21 Ashford Road, Maidstone, Kent, ME14 5DA. The nature of the Charity’s operations and principal activities are preserve and protect good mental health.


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

CAREIF meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The Company is a Company limited by guarantee. The members of the Company are the Trustees named on page 1. In the event of the Company being wound up, the liability in respect of the guarantee is limited to £10 per member of the Company.
The financial statements are presented in sterling which is the functional currency and is rounded to the nearest £1.

  
2.2

Going concern

The financial statements are prepared on a going concern basis and there are no material uncertainties that cast significant dount on the company's ability to continue as a going concern. 

  
2.3

Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Page 13

 
CAREIF

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

  
2.4

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 allocated on the portion of the asset’s use.
Support costs are those costs incurred directly in support of expenditure on the objects of the company. Governance costs are those incurred in connection with administration of the Company and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the Company's educational operations, including support costs and costs relating to the governance of the Company apportioned to charitable activities.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

  
2.5

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

 
2.6

Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.

Depreciation is provided on the following basis:

Computer equipment
-
10% straight line

  
2.7

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 14

 
CAREIF

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

  
2.8

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.


2.9

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

  
2.10

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.


3.

Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
No judgements have been made in the process of applying the above accounting policies that have had any significant effect on amounts recognised in the financial statements, except for those detailed in the above accounting policies.

Critical accounting estimates and assumptions:

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Page 15

 
CAREIF

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.

Income from donations and legacies




Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £
 


 
Donations

8,324

8,324

3,615
 


5.

Investment income





Restricted funds
2024
Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £
        £





Investment income

1,566

231

1,797

580
 
Total 2023


-
580
580



6.

Analysis of expenditure by activities





Activities undertaken directly
2024
Support costs
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £
        £





Charitable activities

1,088

5,836

6,924

2,925
 
Total 2023


97
2,828
2,925


Page 16

 
CAREIF

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.Analysis of expenditure by activities (continued)

Analysis of direct costs




Activities
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Fundraising costs

316

316

54
 
Bank charges

111

111

43
 
Indo-Caribbean report

500

500

-
 
Travel expenses

161

161

-
 
Total 2024


1,088
1,088
97
Total 2023


97
97

Analysis of support costs




Activities
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Depreciation

753

753

753
 
Computer and website costs

1,594

1,594

-
 
Insurance

1,419

1,419

611
 
Postage

8

8

-
 
Professional fees

80

80

-
 
Governance costs

1,982

1,982

1,464
 
Total 2024


5,836
5,836
2,828
Total 2023


2,828
2,828


7.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 30 April 2024, expenses totalling £37 were reimbursed or paid directly to 1 Trustee (2023 - £NIL to  Trustee) for reimbursement of travel and postage costs.

Page 17

 
CAREIF

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Tangible fixed assets




Computer equipment

£


Cost or valuation

At 1 May 2023
7,525


At 30 April 2024

7,525


Depreciation

At 1 May 2023
5,104

Charge for the year
753


At 30 April 2024

5,857


Net book value


At 30 April 2024
1,668


At 30 April 2023
2,421


9.



Debtors


2024
2023
£
£


Due within one year

Trade debtors
468
-

Prepayments and accrued income
757
-

1,225
-

Page 18

 
CAREIF

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.



Creditors: Amounts falling due within one year


2024
2023
£
£


Trade creditors
-
918

Accruals and deferred income
1,392
1,182

1,392
2,100


11.

Statement of funds


Statement of funds - current year

Balance at 1 May 2023
£
Income
£
Expenditure
£
Balance at 30 April 2024
£

Unrestricted funds





General Funds - all funds

22,579

8,555

(6,631)

24,503
 

Restricted funds






East London NHS Foundation - Mental Health for Life

71,390

1,566

(293)

72,663
 

Total of funds


93,969
10,121
(6,924)
97,166

Page 19

 
CAREIF

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.

Statement of funds (continued)



Statement of funds - prior year

Balance at
1 May 2022
£
Income
£
Expenditure
£
Transfers in/out
£
Balance at
30 April 2023
£

Unrestricted funds






Designated funds







Designated Funds - all funds

10,000

-

-

(10,000)

-
 
General funds







General Funds - all funds

11,016

4,195

(2,632)

10,000

22,579
 
Total Unrestricted funds




21,016

4,195

(2,632)

-

22,579


Restricted funds







East London NHS Foundation - Mental Health for Life

71,683

-

(293)

-

71,390
 


Total of funds


92,699
4,195
(2,925)
-
93,969

Restricted Funds
East London NHS Foundation Trust - The purpose of this fund is to provide research work into training for mental health.
Designated Funds
During the year, the Trustees have decided that there is no further purpose of the designated fund and a transfer back into general reserves were made.

Page 20

 
CAREIF

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

12.

Analysis of net assets between funds

Analysis of net assets between funds - current period

Restricted funds
2024
Unrestricted funds
2024
Total
funds
2024
        £
        £
        £



Tangible fixed assets

288

1,380

1,668

Current assets

72,375

24,515

96,890

Creditors due within one year

-

(1,392)

(1,392)

Total 


72,663
24,503
97,166



Analysis of net assets between funds - prior period

Restricted funds
2023
Unrestricted funds
2023
Total
funds
2023
        £
        £
        £



Tangible fixed assets

581

1,840

2,421

Current assets

70,809

22,839

93,648

Creditors due within one year

-

(2,100)

(2,100)

Total 

71,390
22,579
93,969



13.


Related party transactions

During the current and prior year, there were no related party transactions.

Page 21