| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 6 |
| Report ofthe Independent Auditors |
7 | to | 10 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 12 | ||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 14 | ||
| Notes to the Financial Statements | 15 | to | 24 |
| Detailed Statement ofFinancial Activities | 25 | to | 26 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
325,823 | 10,000 | 335,823 | 293,101 | ||
| Charitable activities |
||||||
| Relief ofPoverty | 19,185 | 19,185 | 16,733 | |||
| Other trading activities | 53,128 | 53,128 | 39,647 | |||
| Investment income |
10+61 | 10+61 | 10,453 | |||
| Total | 408,697 | 10,000 | 418,697 | 359,934 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 5,510 | 5,510 | 2,156 | |||
| Charitable activities |
||||||
| ReliefofPoverty | 396/52 | 45,690 | 442,642 | 491,919 | ||
| Total | 402&462 | 45,690 | 448,152 | 494,075 | ||
| NET INCOME/(EXPENDITURE) | 6,235 | (35,690) | (29,455) | (134,141) | ||
| Transfers between funds |
16 | 3,831 | (3,831) | |||
| Net movement in funds |
10,066 | (39,521) | (29,455) | (134,141) | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward |
347,004 | 159,447 | 506,451 | 640,592 | ||
| TOTAL FUNDS CARRIED FORWARD | 357,070 | 119/26 | 476,996 | 506,451 |
| BALANCE SHEET 31MARCH 2023 |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 12 | 79,776 | 85,107 |
| CURRENT ASSETS | |||
| Debtors | 13 | 23/48 | 21,435 |
| Cash at bank and in hand | 388,630 | 424,784 | |
| 411,978 | 446,219 | ||
| CREDITORS | |||
| Amounts falling due within one year |
14 | (14,758) | (24,875) |
| NET CURRENT ASSETS | 397420 | 421,344 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 476,996 | 506,451 | |
| NET ASSETS | 476,996 | 506,451 | |
| FUNDS | 16 | ||
| Unrestricted funds |
357,070 | 347,004 | |
| Restricted funds | 119,926 | 159,447 | |
| TOTAL FUNDS | 476,996 | 506,451 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
(35,821) | (132,568) | ||||
| Net cash used in operating | activities | (35,821) | (132,568) | |||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed | assets | (333) | (5,967) | |||
| Net cash used in investing | activities | (333) | (5,967) | |||
| Change in cash and cash | equivalents | in | ||||
| the reporting period |
(36,154) | (138,535) | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 424,784 | 563,319 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
388,630 | 424,784 |
| RECONCILIATION OF NET E ACTIVITIES |
XPENDITURE TO NKT CASH FLOW | FROM OPERATING | |
|---|---|---|---|
| 2023 | 2022 | ||
| K | |||
| Net expenditure for the reporting |
period (as per the Statement of | ||
| Financial Activities) | (29,455) | (134,141) | |
| Adjustments for: |
|||
| Depreciation charges |
5,664 | 6,542 | |
| (Increase)/decrease in debtors |
(1,913) | 818 | |
| Decrease in creditors | (10,117) | (5,787) | |
| Net cash used in operations | (35,821) | (132,568) |
| At 1/4/22 | Cash flow | At 31/3/23 | |
|---|---|---|---|
| Net cash | |||
| Cash at bank and in hand | 424,784 | (36,154) | 388,630 |
| 424,784 | (36,154) | 388,630 | |
| Total | 424,784 | (36,154) | 388,630 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Donations | 293,939 | 143,637 | ||||
| Grants | 41,884 | 144,097 | ||||
| Government Grants |
5,367 | |||||
| 335,823 | 293,101 | |||||
| Grants received, included | in the | above, are as follows: | ||||
| 2023 | 2022 | |||||
| Other grants | 41,884 | 144,097 | ||||
| 3. | OTHER TRADING ACTIVITIES | |||||
| 2023 | 2022 | |||||
| Shop income | 53,128 | 39,647 | ||||
| 4. | INVESTMENT INCOME | |||||
| 2023 | 2022 | |||||
| Rents received | 8,627 | 8,860 | ||||
| Interest on cash deposit | 1,934 | 1,593 | ||||
| 10,561 | 10,453 | |||||
| 5. | INCOME FROM | CHARITABLE ACTIVITIES | ||||
| 2023 | 2022 | |||||
| Activity | ||||||
| Other income | ReliefofPoverty | 19,185 | 16,733 | |||
| 6. | RAISING FUNDS | |||||
| Raising donations | and legacies | |||||
| 2023 | 2022 | |||||
| Collection agency fees | 965 | 1,460 |
| Other trading activities |
Other trading activities |
|||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Bad debts | 150 | |||||
| Fundraising costs |
4/95 | 696 | ||||
| 4,545 | 696 | |||||
| Aggregate | amounts | 5,510 | 2,156 | |||
| 7. | CHARITABLE ACTIVITIES COSTS | |||||
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 8) | Totals | ||||
| Reliefof | Poverty | 433,660 | 8,982 | 442,642 | ||
| 8. | SUPPORT COSTS | |||||
| Governance | ||||||
| costs | ||||||
| Reliefof | Poverty | 8,982 | ||||
| 9. | NET INCOME/(EXPENDITURE) | |||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||||
| 2023 | 2022 | |||||
| Auditors' | remuneration | 3,552 | 3,319 | |||
| Auditors' | remuneration | for non audit work | 888 | 845 | ||
| Depreciation -owned assets |
5,664 | 6,542 |
| STAFFCO | STS | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Wages and salaries | 302,500 | 320,850 | ||||
| Social security costs | 16,146 | 17,868 | ||||
| 318,646 | 338,718 | |||||
| The average | monthly | number ofemployees | during the year was as follows: | |||
| 2023 | 2022 | |||||
| Mental Health | 2 | 2 | ||||
| Open Centre | 12 | 12 | ||||
| Community | Shelter | 7 | 7 | |||
| Outreach | 1 | 1 | ||||
| 22 | 22 | |||||
| No employees received emoluments |
in excess of$60,000. | |||||
| TANGIBLE | FIXED | ASSETS | ||||
| Fixtures | ||||||
| Freehold | and | |||||
| property | fittings | Totals | ||||
| COST | ||||||
| At 1 April 2022 | 105,025 | 98,463 | 203,488 | |||
| Additions | 333 | 333 | ||||
| At 31March | 2023 | 105,025 | 98,796 | 203,821 | ||
| DEPRECIATION | ||||||
| At 1 April 2022 | 29,400 | 88,981 | 118/81 | |||
| Charge for year | 1,400 | 4,264 | 5,664 | |||
| At 31 March | 2023 | 30,800 | 93,245 | 124,045 | ||
| NKT BOOKVALUE | ||||||
| At 31March | 2023 | 74/25 | 5,551 | 79,776 | ||
| At 31March | 2022 | 75,625 | 9,482 | 85,107 |
| DEBTORS:AMOUNTS FALL | ING DUE WITHIN ONE Y | EAR | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Trade debtors | 2,238 | 7,360 | ||
| Other debtors | 2,630 | 830 | ||
| P repayments | 18,480 | 13,245 | ||
| 23/48 | 21,435 | |||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||
| 2023 | 2022 | |||
| Trade creditors | 7,549 | 12,176 | ||
| Deferred income | 98 | 6,000 | ||
| Accrued expenses | 7,111 | 6,699 | ||
| 14,758 | 24,875 | |||
| ANALYSIS OF NET ASSETSBETWEEN FUNDS | ||||
| 2023 | 2022 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| Fixed assets | 5,551 | 74+25 | 79,776 | 85,107 |
| Current assets | 360,444 | 51,534 | 411,978 | 446219 |
| Current liabilities | (8,925) | (5,833) | (14,758) | (24,875) |
| 357,070 | 119,926 | 476,996 | 506,451 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1/4/22 | in funds | funds | 31/3/23 | ||
| Unrestricted funds |
|||||
| Operational fund |
116,956 | 6,235 | 133,879 | 257,070 | |
| Building Fund 2017 | 230,048 | (130,048) | 100,000 | ||
| 347,004 | 6,235 | 3,831 | 357,070 | ||
| Restricted funds | |||||
| Building Fund | 75,675 | (1,400) | (50) | 74,225 | |
| JCP Flexible Support Fund | 2,504 | 2,504 | |||
| EU Mental Health | Project | 9,717 | 9,717 | ||
| Canterbury City Council Outreach |
54,653 | (34@97) | 20/56 | ||
| Kent Community | Foundation —Support | ||||
| Worker | 9,250 | (1,526) | 7,724 | ||
| Kent Community | Foundation —Arts k, | ||||
| Activities | 3,639 | (381) | 3,258 | ||
| Homeless Link Winter Transformation | |||||
| Fund | 4,009 | (228) | (3,781) | ||
| National Lottery Awards for All —Catching |
|||||
| Lives Kitchen | 2/42 | 2,242 | |||
| 159,447 | (35,690) | (3,831) | 119,926 | ||
| TOTAL FUNDS | 506,451 | (29,455) | 476,996 | ||
| Net movement in |
funds, included | in the above are as follows: | |||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| Operational fund |
408,697 | (402,462) | 6,235 | ||
| Restricted funds | |||||
| Building Fund | (1,400) | (1,400) | |||
| Canterbury City Council Outreach |
(34/97) | (34/97) | |||
| Kent Community | Foundation —Support | ||||
| Worker | (1,526) | (1,526) | |||
| Kent Community | Foundation —Arts & | ||||
| Activities | (381) | (381) | |||
| Homeless Link Winter Transformation | |||||
| Fund | (228) | (228) | |||
| National Lottery Awards for All —Catching | |||||
| Lives Kitchen | 10,000 | (7,758) | 2/42 | ||
| 10,000 | (45,690) | (35,690) | |||
| TOTAL FUNDS | 418,697 | (448,152) | (29,455) |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1/4/21 | in funds | funds | 31/3/22 | |||
| Unrestricted funds |
||||||
| Operational fund |
276,791 | (136,448) | (23,387) | 116,956 | ||
| Building Fund 2017 | 230,048 | 230,048 | ||||
| 506,839 | (136,448) | (23,387) | 347,004 | |||
| Restricted funds | ||||||
| Building Fund | 77,075 | (1,400) | 75,675 | |||
| Mental Health Fund | (23,387) | 23,387 | ||||
| JCPFlexible Support Fund | 2,504 | 2,504 | ||||
| EU Mental Health | Project | 9,717 | 9,717 | |||
| Canterbury City Council Outreach |
44,457 | 10,196 | 54,653 | |||
| Kent Community | Foundation | —Support | ||||
| Worker | 9,250 | 9,250 | ||||
| Kent Community | Foundation | —Arts & | ||||
| Activities | 3,639 | 3,639 | ||||
| Homeless Link Winter Transformation | ||||||
| Fund | 4,009 | 4,009 | ||||
| 133,753 | 2,307 | 23,387 | 159,447 | |||
| TOTAL FUNDS | 640,592 | (134,141) | 506,451 | |||
| Comparative net movement |
in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| Unrestricted funds |
||||||
| Operational fund |
275,927 | (412375) | (136448) | |||
| Restricted funds | ||||||
| Building Fund | (1,400) | (1,400) | ||||
| Mental Health Fund | 8,493 | (31,880) | (23,387) | |||
| Canterbury City Council Outreach |
38,998 | (28,802) | 10,196 | |||
| Kent Community | Foundation | —Support | ||||
| Worker | 9,250 | 9,250 | ||||
| Kent Community | Foundation | —Arts & | ||||
| Activities | 3,975 | (336) | 3,639 | |||
| Homeless Link Winter Transformation | ||||||
| Fund | 23,291 | (19,282) | 4,009 | |||
| 84,007 | (81,700) | 2,307 | ||||
| TOTAL FUNDS | 359,934 | (494,075) | (134,141) |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1/4/21 | in funds | funds | 31/3/23 | ||
| Unrestricted funds |
|||||
| Operational fund |
276,791 | (130,213) | 110,492 | 257,070 | |
| Building Fund 2017 | 230,048 | (130,048) | 100,000 | ||
| 506,839 | (130,213) | (19,556) | 357,070 | ||
| Restricted funds | |||||
| Building Fund | 77,075 | (2,800) | (50) | 74,225 | |
| Mental Health Fund | (23,387) | 23,387 | |||
| JCPFlexible Support Fund | 2,504 | 2,504 | |||
| EU Mental Health | Project | 9,717 | 9,717 | ||
| Canterbury City Council Outreach |
44,457 | (24,201) | 20,256 | ||
| Kent Community | Foundation —Support | ||||
| Worker | 7,724 | 7,724 | |||
| Kent Community | Foundation —Arts & | ||||
| Activities | 3,258 | 3,258 | |||
| Homeless Link Winter Transformation | |||||
| Fund | 3,781 | (3,781) | |||
| National Lottery Awards for All —Catching | |||||
| Lives Kitchen | 2,242 | 2,242 | |||
| 133,753 | (33,383) | 19,556 | 119,926 | ||
| TOTAL FUNDS | 640,592 | (163,596) | 476,996 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted funds |
||||
| Operational fund |
684,624 | (814,837) | (130,213) | |
| Restricted funds | ||||
| Building Fund | (2,800) | (2,800) | ||
| Mental Health Fund | 8,493 | (31,880) | (23,387) | |
| Canterbury City Council Outreach |
38,998 | (63,199) | (24,201) | |
| Kent Community | Foundation —Support | |||
| Worker | 9,250 | (1,526) | 7,724 | |
| Kent Community | Foundation —Arts 8'c | |||
| Activities | 3,975 | (717) | 3,258 | |
| Homeless Link Winter Transformation | ||||
| Fund | 23,291 | (19,510) | 3,781 | |
| National Lottery Awards for All —Catching |
||||
| Lives Kitchen | 10,000 | (7,758) | 2,242 | |
| 94,007 | (127,390) | (33,383) | ||
| TOTAL FUNDS | 778,631 | (942,227) | (163,596) |
| FORTHE YEAR ENDED | 31MARCH 2023 | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Donations | 293,939 | 143,637 | ||
| Grants | 41,884 | 144,097 | ||
| Government Grants |
5,367 | |||
| 335,823 | 293,101 | |||
| Other trading activities | ||||
| Shop income | 53,128 | 39,647 | ||
| Investment income |
||||
| Rents received | 8,627 | 8,860 | ||
| Interest on cash deposit | 1,934 | 1,593 | ||
| 10,561 | 10,453 | |||
| Charitable activities |
||||
| Other income | 19,185 | 16,733 | ||
| Total incoming resources |
418,697 | 359,934 | ||
| EXPENDITURE | ||||
| Raising donations | and legacies | |||
| Collection agency fees | 965 | 1,460 | ||
| Other trading activities | ||||
| Bad debts | 150 | |||
| Fundraising costs |
4+95 | 696 | ||
| 4,545 | 696 | |||
| Charitable activities |
||||
| Wages | 302400 | 320,850 | ||
| Social security | 16,146 | 17,868 | ||
| Rates and water | 3,074 | 3,419 | ||
| Rent costs | 18,000 | 18,000 | ||
| Administration costs |
77,588 | 76,381 | ||
| Coordinator and consultancy |
fees | 1+15 | 784 | |
| Repairs, furniture &equipment | 9,473 | 36,039 | ||
| Freehold property | 1,400 | 1,400 | ||
| Fixtures and fittings | 4,264 | 5,141 | ||
| 433,660 | 479,882 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Support | costs | |||
| Governance costs |
||||
| Auditors' | remuneration | 3,552 | 3,319 | |
| Auditors' | remuneration | for non audit work | 888 | 845 |
| Legal and | professional | costs | 4,542 | 7,873 |
| 8,982 | 12,037 | |||
| Total resources expended | 448,152 | 494,075 | ||
| Net expenditure | (29,455) | (134,141) |