WORCESTERSHIRE ASSOCIATION OF CARERS

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ormerod Rutter Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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.”

Significant events

• “The year has been an eventful one with significant changes in the macro-environment. With government changes in the UK and the USA, the impact of global conflicts, the significant uplift in national insurance payments and the tightening on local government funding streams all having a knock on effect on how local charities continue to deliver their strategies.”
• “During the year a major local charity, close in size and scope to us, went under; a sobering indicator of the current funding climate. We have ourselves experienced very late payments of some funds, stretching our financial and resource planning to our limits. Funding at all levels of government remains acute, with knock on effects for charities, their services and the welfare support available to individuals.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

5

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +13.1%

  £1,332,530 → £1,506,628

• Cash

  +145.5%

  £230,677 → £566,227

• Net assets

  +84%

  £326,669 → £601,169

• Employees

  -17%

  53 → 44

• Wages

  -12.8%

  £1,019,127 → £889,003

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers