| Page | |||
|---|---|---|---|
| Report of | the Trustees | 1-11 | |
| Auditors' | report | 12 - 15 | |
| Statement | offinancial | activities | 16 |
| Balance sheet | 17 | ||
| Statement | of cashflow | 16 | |
| Notes to the financial | statements | 19-36 |
| Mary-Ann | Mary-Ann | Foxwell | Foxwell | Chief Executive | Until 31 March 2023 | Until 31 March 2023 |
|---|---|---|---|---|---|---|
| Justin | Irwin | Interim Chief Executive | From 4 April 2023 | |||
| Tom Segurola | Deputy Chief Executive | |||||
| Harriet | Plows | Head of Projects | ||||
| Hannah-Leigh | Morgan | Office Manager & Company Secretary | ||||
| Bankers | Sarclays Bank pic | CAF Bank | ||||
| 83Wandsworth High Street |
25 Kings | Hill Avenue | ||||
| London SW182PR | Kings Hill, | West Mailing | ||||
| Kent ME194JQ | ||||||
| Auditor | Hartley Fowler LLP | |||||
| 4th Floor Tuition House | ||||||
| 27/37 StGeorge's Road | ||||||
| Landon SW194EU |
| For the ear |
ended 3 | 1 March | 2023 | ||||
|---|---|---|---|---|---|---|---|
| Note | Restricted | Unrestricted | 2023 | 2022 | |||
| 6 | 5 | 6 | 8 | ||||
| fncome | |||||||
| Donations | 2,403 | 2,403 | 766 | ||||
| Charitable activities: advice |
and | 1,020,248 | 642,499 | 1,662,747 | 1,705,655 | ||
| Other trading activities |
5,000 | 5,0DO | 9,527 | ||||
| Investments | 4,770 | 4,770 | 1,760 | ||||
| Total incoming | resources | 1 020 240 | 054 672 | 1 674920 | 1 717708 | ||
| Expenditure | |||||||
| Raising funds | (21,266) | (21,266) | (25,507) | ||||
| Charitable activities |
(1,035,183) | (548,471) | (1,583,654) | (1,646,885) | |||
| Total expenditure | ~7035 183 | ~569737 | ~7604 020 | ~1672 392 | |||
| Net income | -(14,935) | 84,935 | 7D,ODO | 45,316 | |||
| Actuarial gains | / (losses) on defined | 14,579 | 14,579 | 9,765 | |||
| benefit pension scheme Net movement in funds |
~44 9 5 | 99514 | 04 570 | 55081 | |||
| Reconciliation | of funds | ||||||
| Funds brought | forward at 1 | April 2022 | 14935 | 461651 | 476506 | 421 5 |
|
| Funds carried | forward at 31 March | 2023 | ~ | 561165 | 561100 | 476566 |
| Balance sheet As at 31 March 2023 |
||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| ftote | ||||
| Fixed assets | ||||
| Tangible fixed assets | 21385 21385 |
22554 22554 |
||
| Current assets | ||||
| Debtors | 13 | 355,899 | 162,853 | |
| Short-term deposits |
427,549 | 403,702 | ||
| Cash at bank and in hand |
180956 | 331713 | ||
| 964404 | 898260 | |||
| Creditors: amounts falling due within one year |
(345,etc) | (343,649) | ||
| Net current assets | 618088 | 554 619 | ||
| Total assets less current liabilities | 630073 | 577 173 | ||
| Creditors: amounts falling due after one year |
14 | (7,200) | ||
| Net assets excluding pension | liability | 639973 | 569973 | |
| Provisions for liabilities and charges | ||||
| Defined benefit pension scheme Net assets |
liability | 15 | (78,808) 56555 |
(93,387) ~46586 |
| Funds ofthe Charity | ||||
| Restricted funds | 0 | 14,935 | ||
| Unrestricted funds Pension reserve |
639,973 ~70 008 |
555,038 ~03387 |
||
| Total Charity funds | 17 | 501165 | 476506 |
| Fo | rthe ear ended 3 |
1March 202 | 3 | |||
|---|---|---|---|---|---|---|
| Note | 2023 | 2022f | ||||
| Cash flows from operating | activities | |||||
| Net | cash used in operating | activities | (123,608) | (154,355) | ||
| Cash flows from investing | activities | |||||
| Interest from investments | 4,770 | 1,760 | ||||
| Purchase ofproperty, plant |
and equipment | (8,070) | ||||
| Cash placed in short-term deposits |
(23,847) | (87,797) | ||||
| Net | cash used in investing | activities | ~27 140 | ~06037 | ||
| Change in cash and cash |
equivalents | ~10075'I | ~240 392 | |||
| Cash and cash equivalent in the beginning |
ofthe year | 331,713 | 572,105 | |||
| Cash and cash equivalent | at the end of | the year | 100906 | 331713 | ||
| Notes to the cash flow statement | ||||||
| A | Reconciliation ofnet income to net cash flow from |
operating | activities | |||
| 2023f | 2022f | |||||
| Net income for the reporting pened |
70,000 | 45,316 | ||||
| Adjustments for: |
||||||
| Depreciation | 9,240 | 12,917 | ||||
| (Increase) ldecrease | in debtors | (193,046) | (86,794) | |||
| (Decrease) Iincrease | in creditors | (5,033) | (124,034) | |||
| Bank interest receivable | (4,770) | (1,760) | ||||
| Net cash provided by operating activities |
||||||
| B | Analysis ofshort-term deposits |
|||||
| 2023f | 2022f | |||||
| Short-term deposits et beginning of year |
403,702 | 315,905 | ||||
| Movement | 23,847 | 87,797 | ||||
| Short-term deposits at |
end ofyear | 42ns0 | ~03702 |
| Donations | |||||
|---|---|---|---|---|---|
| 2023 | 2G22 | ||||
| Donations | from | private | individuals | 2423 | 766 |
| 2,4t03 | 766 |
| tncome from charitable | acti | vi | ties | |||||
|---|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted E |
2023f | 2D22 | |||||
| Grants and contracts for advice | artd advocacy | |||||||
| Wandsworth Borough Council |
561,002 | 561,002 | 537,452 | |||||
| Macmillan Cancer Care |
195,701 | 195,701 | 191,425 | |||||
| Trust For London | ||||||||
| Big Lottery Fund - HTC | 141,727 | 141,727 | 143,329 | |||||
| Wandsworth Council —Cost Living Hus |
62,965 | 62,965 | ||||||
| Wandsworlh Council -Support |
for Ukrainian | 41,667 | 41,667 | |||||
| Wandsworth Council -One Stop Shop |
9,056 | 9,056 | ||||||
| Wandsworth Council -Community |
Saftety Tea | 10,000 | 10,000 | |||||
| RCJ Advice Bureau | 26,964 | 26,964 | ||||||
| Aquila Family Charitable |
Trust | 10,000 | 10,000 | |||||
| Trust for London | 37,500 | 37,500 | ||||||
| Citizens Advice | 500 | 500 | ||||||
| Roehampton Community |
Capacity | 30,0DD | 30,000 | 60,000 | ||||
| Wandle CCG | 88,250 | 88,250 | 73,250 | |||||
| Battersea CCG | 36,233 | 36,233 | 28,734 | |||||
| West Wandsworth CCG |
36,860 | 36,860 | 29,360 | |||||
| Social Prescribing | 6,000 | |||||||
| Roehampton University - |
Student Vole. | 14,280 | 14,280 | 14,000 | ||||
| Citizens Advice Hammersmith | & Fulham | 15,356 | 15,356 | |||||
| The London Community | 12,000 | 12,000 | 18,000 | |||||
| City Bridge Trust | 47,220 | 4,721 | 51,941 | 47,260 | ||||
| Major Trauma Advice |
30,980 | 30,980 | 27,707 | |||||
| Earlsfield - Focdbank | 13,000 | 13,000 | 'l3,000 | |||||
| Citizens Advice - BEIS | 12,500 | |||||||
| Citizens Advice - Help to | Claim | 139,961 | ||||||
| Kickstart Grant | 17,140 | 17,140 | 68,703 | |||||
| Wandsworth Council - DSF |
9,710 | 9,710 | 47,406 | |||||
| Foodbank - Wandsworth | 25,538 | 25,538 | 54,053 | |||||
| EU National | 54,510 | 54,510 | 109,590 | |||||
| Foodbank - Henry Smith | 57,675 | 57,675 | 58,200 | |||||
| Foodbank - Trussell Trust | 72,191 | 72,191 | 25,725 | |||||
| Total income from charitable | activities | 1,020,248 | 642,499 | 1,662,747 | 1,705,655 | |||
| Income from other activities | ||||||||
| Restricted | Unrestricted | 2023 | 2022 | |||||
| 6 | E | 6 | ||||||
| Miscellaneous | 6,610 | |||||||
| Room hire | 5 ODD | 5 ODD | 2917 | |||||
| 5,000 | 5,000 | 9,527 | ||||||
| Investment Income |
||||||||
| Restrioted | Llnrestricted | 2023 | 2022 | |||||
| L' | 8 | |||||||
| Interest income | 4,77D | 4,770 | 1,760 | |||||
| 4,770 | 4,770 | 1,760 |
| Charitable | Charitable | Activities | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Research | Volunteer | Total costs cf | |||||||
| Advice and | and | recruitment | charitable | Generating | Total costs | ||||
| advocacy | campaign | and training | activities | funds | 2023 | ||||
| E | E | E | E | E | |||||
| Staff costs | 'I,060,425 | 58,582 | 62,495 | 'I,181,502 | 16,417 | 1,197,919 | |||
| Staff and volunteer | expenses | 18,031 | 996 | 2,077 | 21,104 | 21,'I04 | |||
| Office costs | 67,327 | 3,719 | 3,968 | 75,014 | 2,256 | 77,27D | |||
| Premises costs | 29,276 | 1,617 | 1,725 | 32,618 | 2,593 | 35,211 | |||
| Other running | costs | 148,108 | 8,182 | 8,729 | 165,019 | 165,019 | |||
| Governance | costs (Note 8) | 27,669 | 1,529 | 1,631 | 30,829 | 30,829 | |||
| Support costs (Note | 8) | 69,619 | 3,846 | 4,103 | 77,568 | 77,568 | |||
| Redundancy | cost | ||||||||
| Total | 1,420,455 | 78,471 | 84,728 | 'I.583,654 | 21,266 | 1,604,920 |
| Charitable | Charitable | Activities | ||||||
|---|---|---|---|---|---|---|---|---|
| Research | Volunteer | Total costs of | ||||||
| Advice and | end | recruitment | charitable | Generating | Total costs | |||
| advocacy | campaign | and training | aotivities | funds | 2022 | |||
| E | E | E | E | |||||
| Staf costs | 1,100,529 | 61,069 | 70,988 | 'I,232,586 | 19,366 | 1,251,952 | ||
| Staff and volunteer expenses | 4,093 | 227 | 673 | 4,993 | 4,993 | |||
| Office costs | 93,107 | 5,167 | 6,0D5 | 1D4,279 | 4,046 | 108,325 | ||
| Premises costs | 17,591 | 976 | 1,135 | 19,702 | 2,095 | 21,797 | ||
| Other running | costs | 144,91g | 8,042 | 9,348 | 162,309 | 162,309 | ||
| Governance | costs (Note 6) | 30,124 | 1,672 | 1,943 | 33,739 | 33,739 | ||
| Support costs (Note 8) | 79,712 | 4,423 | 5,142 | 89,277 | 89,277 | |||
| Redundancy | cost | |||||||
| Total | 1,470.075 | 81,576 | 95,234 | 1,646,885 | 25,507 | 1,672,392 |
| Supporl costs are | aBocaled a | cross activities base | cross activities base | d on dir | ect staff nu | mbers. | |||
|---|---|---|---|---|---|---|---|---|---|
| Chsntable | activities | ||||||||
| Research | Volunteer | ||||||||
| Advice and | snd | recruitment | General | Governance | |||||
| advocacy 6 |
campaign | and training | support costsf | costsf | Total 2023f | Total 2022 | |||
| Staff costs | 43,913 | 2,426 | 2.558 | 48.927 | 17,420 | 66,347 | 76,267 | ||
| Slee and volunteer | expenses | 14,461 | 799 | 852 | 16,'i12 | 16,112 | 15,694 | ||
| General office coals |
5,232 | 289 | 305 | 5,829 | 2,256 | 8,085 | 14,499 | ||
| Prem ees CoStS | 6,013 | 332 | 354 | 6,699 | 2,593 | 9,292 | 7,508 | ||
| Other costs | 2,571 | 2,571 | 2,548 | ||||||
| Trustee expenses | |||||||||
| Audit costs | 5.989 | 5,989 | 4,500 | ||||||
| Total | 69,6'IB | 3,846 | 4,102 | 77,567 | 30,629 | 108,396 | 'l23,016 |
| Net income for the year | Net income for the year | Net income for the year | ||
|---|---|---|---|---|
| This is stated after charging | ||||
| 2023f | 2022f | |||
| Operating lease | rentals: | |||
| Property | 50,884 | 42,460 | ||
| Other | 21,742 | 21,742 | ||
| Qepreciation | 9,240 | 12,916 | ||
| External | Auditors' | remuneration: | ||
| ~ | External | Audit Fee | 5,000 | 4,500 |
| ~ | Non Audit remuneration | 989 |
| No travel expenses w | ere re | imbursed tothe Charity's Trustees during the ye |
ar (2022:f192). | |
|---|---|---|---|---|
| 2023f | 2022f | |||
| Staffcosts during the | year. | |||
| Salaries and wages | 1,116,646 | 1,114,119 | ||
| Redundancy costs |
||||
| 83ocial security costs | 107,195 | 102,453 | ||
| Pension contributions | 70,894 | 74,749 | ||
| 1299739 | 1 291 321 | |||
| Number ofemployees | who | earned between f60k -f70k during the year; | 2023 | 2022 1 |
| Key management personnel |
received benefits during the year of: | '70,395 | 160,232 |
| equivalent | employees during the year were as foll |
ows: | |
|---|---|---|---|
| 2023 | 2022 | ||
| No. | No. | ||
| Generating | funds | 0.6 | 0.6 |
| Charitable | activity | 29.6 | |
| Governance | 0.9 | 09 | |
| 31.4 | 31 1 |
| definition of Charitable Company has arisen during the year. Tangible fixed assets |
as defined in Part 1,Schedu |
le 6ofthe F | le 6ofthe F | inance Act 2010 | .No tax charge |
|---|---|---|---|---|---|
| Leasehold | Computers | ||||
| Building and | and | IT | Furniture and |
||
| improvement | equipment | equipment | Total | ||
| 8 | |||||
| Cost | |||||
| At 1 April 2022 | 95,215 | 48,207 | 18,417 | 181,839 | |
| Additions in year |
8,070 | 8,070 | |||
| Disposals in year |
|||||
| At 31 March 2023 | 95215 | 56277 | 18417 | 1659113 | |
| Depreciation | |||||
| At 1 April 2022 | (72,661) | (48,207) | (18,417) | (139,285) | |
| Charge for the year | (5,205) | (4,035) | (9,240) | ||
| Disposals in year |
|||||
| At 31 March 2023 | ~77866 ~52 242 | ~18417 | ~148 525 | ||
| Net book vatue | |||||
| At 31 March 2023 | 17349 | 4 | 035 | 21 385 | |
| At 31 March 2022 | 22 554 | 22 554 | |||
| All tangible fixed assets are used to fulfil the Charity's objects. |
|||||
| Debtors | |||||
| 2023 | 2022 | ||||
| 6 | |||||
| Account receivables | 222,353 | 42,889 | |||
| Other debtors | 107,337 | 93,329 | |||
| Prepaid expenses | 26299 | 26635 | |||
| 355899 | 162853 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Amounts | falling due within | one year | |||||
| Bank overdraft | |||||||
| Trade creditors | (66,894) | (19,235) | |||||
| Other creditors | (32,760) | (19,391) | |||||
| Deferred | income (see Note | 16) | (167,975) | (139,595) | |||
| Accruals Taxation |
and social security | (51,051) ~27 435 |
(110,256) ~05 472 |
||||
| ~348816 | ~343649 | ||||||
| 2023f | 2022f | ||||||
| Ainounis | falling due after | one year | |||||
| Other creditors | 7200 | ||||||
| 'lS, | Defined | benefit pension scheme liability | |||||
| 2023f | 2022f | ||||||
| Defined | Benefit Pension FRS 102 | ~78838 | ~933 7 | ||||
| 16. | Deferred | income | |||||
| 2023f | 2022f | ||||||
| Deferred | income brought forward | (139,595) | (195,179) | ||||
| Amounts Incoming |
released to income during the year resources deferred in the year |
139,595 ~467975 |
195,179 ~739595 |
||||
| ~767975 | ~739595 | ||||||
| 17. | Analysis | ofnet assets between funds | |||||
| Restricted | Designated | General | Total funds | Total funds | |||
| fundsf | fundsf | fundsf | 2023f | 2022f | |||
| Tangible | fixed assets | 21,385 | 21,385 | 22,554 | |||
| Current assets | 964,404 | 964,404 | 898,268 | ||||
| Current liabilities Non current liabilities |
(345,816) ~788118 |
(345,816) ~78838 |
(350,849) ~93387 |
||||
| Net assets at 31 March | |||||||
| 2023 | 561185 | 561 165 | 476 586 |
| At 1 April | incoming | Outgoing | Gain (loss)on | Pension | At 31 March | |||
|---|---|---|---|---|---|---|---|---|
| 2022 | resources | resources | investments | adjustment | 2023 | |||
| 6 | E | E | E | E | ||||
| Restricted funds |
||||||||
| iv!acm0lan Cancer Care | 195.701 | (195201) | ||||||
| Big Lottery Fund - HTC Wandsworth Counol -Cost Living |
13,195 | 141,727 62,965 |
(154,922) (62,965) |
|||||
| Wsndsworth Counal |
-Support | ior | 41,867 | (41,667) | ||||
| Wandsworth Council |
- One Blop | 9,056 | (9,056) | |||||
| Wandsworlh Council |
- Community | 10.000 | (10,000) | |||||
| RCJAdvice Bureau | 26,964 | (26,964) | ||||||
| Aquila Family Chactable Trust |
10,000 | (10,000) | ||||||
| Trust for London | 37,500 | (37,500) | ||||||
| Citizens Advice | 500 | (500) | ||||||
| Wandle CCG | 88,250 | (88,250) | ||||||
| Baitersea CCG |
36,233 | (36,233) | ||||||
| West Wandsworlh CCG |
36,860 | (36,860) | ||||||
| Social Prescribing | ||||||||
| City Bridge Trust | 47,220 | (47,220) | ||||||
| Major Trauma Advce | 30,980 | (30,980) | ||||||
| Citizens Advice - Help | to Claim | 1.740 | (1,740) | |||||
| Citizens Advice BEISFunding |
||||||||
| The London Community | 12,000 | (12.000) | ||||||
| Wandsworlh Council - DSF |
9,710 | (9,710) | ||||||
| Foodbank -Wandswor!h |
25,538 | (25,538) | ||||||
| Foodbank - Earlsfield |
13,000 | (13,000) | ||||||
| Foodbank - Henry Smith |
57,675 | (57,675) | ||||||
| Foodbank. Trussell Trust | 72,191 | (72,191) | ||||||
| Etj National | 54 510 | |||||||
| Total restricted funds | 14935 | I 002 248 |
~1035183' | |||||
| tfnmstrtcted funds |
||||||||
| Free funds | 555,038 | 654,672 | (569,737) | 639,973 | ||||
| Defined pension benefit scheme |
14579 | |||||||
| Total unresuicted funds |
14579 | ~61165 | ||||||
| Total funds | 14579 | 561 185 |
| Purpose ofrestricted | Purpose ofrestricted | Purpose ofrestricted | Purpose ofrestricted | funds | funds | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Macmillan | Cancer | Care | To provide benett advice to cancer patients |
at St | Georges snd |
Kingston | ||||||||||||
| hospitals | ||||||||||||||||||
| Big Loliery | Fund —Help through | Hardship | Crisis Fund | This project is fvnded by the National Lottery through |
Ihe Big Lottery | Fund | and | |||||||||||
| provides | advice for people in hardship crisis, |
supports trsming |
of | community | ||||||||||||||
| volunteers | in first aid, and coordinates a hardship crisis network. |
|||||||||||||||||
| Wandle CCG | Proviston | ofan advice service lor psilents ofWandle |
GPs. This is an innovative | |||||||||||||||
| approach | to prescnbing advisory support snd |
communtly referrals |
for patients | |||||||||||||||
| presenting | zonal needs lo their GPs. It is mlended |
to hiilp achieve | resource | |||||||||||||||
| savings for GPs and promote better health in Iha Wandle locality. |
||||||||||||||||||
| Battersea CCG | Provision | of an advice serviice in partnership |
vzth | patients of |
GPs in |
the | ||||||||||||
| Battersea | locatity. | |||||||||||||||||
| West Wandsworlh | CCG | Provision | of an advice service for patients of |
GPs | in the West | Wsndsworlh | ||||||||||||
| locality. | ||||||||||||||||||
| Sodsl Prescribing | Provision of resources to heip people improve connecting them to activities snd services within |
their health and the community. |
wsltbeing | by | ||||||||||||||
| City Bridge | Trust | Provision | of specialist housing advice to clients on |
their housing | rights | and | ||||||||||||
| duties. | ||||||||||||||||||
| Maior Trauma | Advice | Proviston | of support and advice to people with serious injuries |
as | a result of |
|||||||||||||
| msior trauma. Italso facilitate access to I'urlher |
advice | and alternative | resources | |||||||||||||||
| lo ensure | improved service Iexperience for major trauma patients |
and | families. | |||||||||||||||
| Citizens Advice | - Help | to | Claim | Funding | towards s service that delivers information, |
adirence snd |
support in |
|||||||||||
| making Universal Credit Claims. |
||||||||||||||||||
| Citizens Advice | BEIS | Funding | Funding to develop and testa madel of wdeo advice with local parlners. |
|||||||||||||||
| The London Community | Response | Fund | (weve 1) | Emergency funding to support uui move to |
rcmoto | working: | contrihiitinn | |||||||||||
| Inwards the casts ofmobile phones, SIMS, handsets, |
etc. | |||||||||||||||||
| The London Community | Response | Fund | (wave 2) | Trust for |
Londoni funding to enable us to provide |
employmsnt | advice | to | ||||||||||
| residents | affected by covid-related emptoymenl |
issues | ||||||||||||||||
| Wsndsworlh Council- |
DSF | Funding for a service aimed sisupporling digitsgy excluded residents |
to access | |||||||||||||||
| Ihe Discretionary Social Fund ("DSF"). |
||||||||||||||||||
| Foodbsnk | Funding for an adviser to help vsers of an independent |
Wandsworth | foodbank | |||||||||||||||
| address their advice requirements. | ||||||||||||||||||
| EUNetionaisAdvice | Funding | for advisers lo support EU Nationale |
in Wandsworth understand |
the | ||||||||||||||
| EUSS scheme and support people to make successful | applications. | |||||||||||||||||
| Operating | lease commitments | |||||||||||||||||
| Total future | minimum | lease payments | are | as follows: | ||||||||||||||
| Land snd | Land and | |||||||||||||||||
| Buildings Other |
Buildings | Other | ||||||||||||||||
| 2923 2923 |
2022 | 2022 | ||||||||||||||||
| E E |
E' | |||||||||||||||||
| Within one | year | 11,298 | 42,268 | |||||||||||||||
| Between one snd five | years | 28,983 | 42,449 | |||||||||||||||
| Mora than | 5years | |||||||||||||||||
| ~39292 | 4717 |
| 31 March 2023 | 31 March 2022 | |||||
|---|---|---|---|---|---|---|
| Discount rate | 4,80% | 2.80% | ||||
| Inflation assumption (RPI) |
3,30% | 3.70% | ||||
| Inflation assumption (CPI) |
2.85% | 3.25% | ||||
| Revaluation ofdeferred pensions |
in excess ofGMP | 2.85% | 3.25% | |||
| Pension in payment increases of: |
||||||
| - CPI or 5%p.a if less | 2,85% | 3.26% | ||||
| -CPI inflation since retirement | or5%p.a. | compound | ifless | 2.85% | 3.25% | |
| - CPI or 3%p.a. if less | 2.50% | 2.70% | ||||
| Commutation ofpension for cash |
at retirement | rs% | 02f HMRC maximum | 7r0of HMRC ma2lmvm | ||
| 31 March 2023 | 31 March 2022 | |||||
| Assumed fife expectancies on retirement |
at age 65 | are: | ||||
| Retiring today - Males | 20.8 | 21.3 | ||||
| Retiring today - Females | 23,6 | 24.2 | ||||
| Retiring in 20years time - Males |
22.0 | 226 | ||||
| Retiring in 20years time - Females |
24.7 | 25.7 | ||||
| The assets in the Plan were: | ||||||
| Value at | Value at | |||||
| 31 March 2023 | 31 March 2022 | |||||
| 9000s | FOOOs | |||||
| The assets in the Plan were: | ||||||
| Multi asset funds | 24,903 | 68,955 | ||||
| Structured equity and LDI |
35,116 | 27,488 | ||||
| Cash | 726 | 5771 | ||||
| Fair vatue ofPlan assets | 00 745 | 102214 | ||||
| The actual return on assets over the period was: | (37,084) | 5,301 | ||||
| Present value offunded obligations Fair value ofPlan assets Deficit in funded scheme |
111,169 00 745 ~50424 |
148,768 102214 ~46554 |
||||
| Present value ofunfunded obligations |
||||||
| Unrecognised actuarial gains /(losses) |
||||||
| Adjustment in respect ofasset |
ceiling | |||||
| Net sabillty in balance sheet |
00424 | 46554 |
| Reconciliation of opening an obligation |
d closing balances |
of the present value of the |
defined benefit |
|---|---|---|---|
| 31March 2023 | 31 March 2022 | ||
| 6000s | t000s | ||
| Benefit obligation at beginning |
ofyear | 148,768 | 'I61,415 |
| Current service cost | 832 | 771 | |
| Interest cost | 4,074 | 3,346 | |
| Contributions by Plan Actuarial (gains)/losses |
(35,041) | 11,745 | |
| Benefits paid and expenses | (7,464) | (5,019) | |
| Past service cost | |||
| Settlements | |||
| Business combinations | |||
| Exchange rate Benefit obligation at end of |
year | 111166 | 148768 |
| 31March 2D23 | 31 March 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| EODOs | EDODs | |||||||
| Fair value ofPlan assets at beginning of |
year | 102,214 | 99,353 | |||||
| Interest income on Plan assets | 2,801 | 2,D61 | ||||||
| Return on assets, excluding | interest income | (39,885) | 3,240 | |||||
| Contributions by employers |
3,079 | 2,579 | ||||||
| Contributions by Plan participants |
||||||||
| Benefits paid and expenses | (7,464) | (5,D19) | ||||||
| Business combinations | ||||||||
| Settlements | ||||||||
| Exchange rate | ||||||||
| Fair value ofPlan assets at end ofyear | 00 145 | 102214 | ||||||
| The amounts recognised in profit |
or loss: | |||||||
| 31 March 2D23 | 31 March 2022 | |||||||
| EDODs | EDDDs | |||||||
| Service cost - including current and past |
service costs, six/ | |||||||
| settlements | ||||||||
| Service cost - administrative | cost | 832 | 771 | |||||
| hist interest on the net defined benefit liability | I212 | 1 265 | ||||||
| Total expense | 2 105 | 2 D56 | ||||||
| Remeasurements ofthe net |
defined benefits (asset) / liability | to be shown in OCI: |
||||||
| 3't March 2D23 | 31 March 2022 | |||||||
| EOOOs | EODDs | |||||||
| Actuarial (gains) / losses on |
the liabilities | (35,041) | (11,745) | |||||
| Return on assets, excluding | interest income | 39,885 | (3,240) | |||||
| Changes in the effect ofthe asset ceiling |
excluding | interest | ||||||
| income | ||||||||
| 2 I I I 111 |
10 11 | 00 511 | Ii | |||||
| / liability to be shown in OCI |
14965 | |||||||
| 21 | Related party transactions. | |||||||
| There were no related party transactions | during the | year. |
| Comparative Statemen expenditure account) |
t offinancial activ | ities (incorpora | ting income an |
d |
|---|---|---|---|---|
| Total | ||||
| Restrictedf | Unrestricted f |
2022 | ||
| income | ||||
| Donations | 766 | 766 | ||
| Income from charitable | activities: advice | |||
| and advocacy | 1,025,500 | 680,155 | 1,705,655 | |
| Other trading activities |
9,527 | 9527 | ||
| Investment income |
1,760 | 1,760 | ||
| Total incoming resources | 919055 | 618253 | I 717 708 | |
| Expenditure | ||||
| Raising funds | (25,507) | (25,507) | ||
| Charitable activities |
(1,010,565) | (636,320) | (1,646,885) | |
| Total expenditure | ~1010565 | ~661 527 | ~1672392 | |
| Net income | 14,935 | 30,381 | 45,316 | |
| Actuarial gains on defined benefit pension scheme |
9,765 | 9,765 | ||
| Net movement in funds |
40,146 | 55,081 | ||
| Reconciliation offunds |
||||
| Funds brought forward | at 1 April 2021 | 4215115 | 421506 | |
| Funds carried forward | at 31 March 2022 | 14935 | 461 651 | 476 586 |
| he ear ended 31 March 20 Statement ofFunds |
23 | |||||||
|---|---|---|---|---|---|---|---|---|
| Gain I(loss) | ||||||||
| At 1 April | Incoming | Outgoing | on | Pension | At 31March | |||
| 2621 | ra as cress | resources | Investmenta | adjustment | 2022 | |||
| E | 6 | E | E | E | E | |||
| Restricted funds | ||||||||
| Macmillan Cancer Care |
191,425 | (191,425) | ||||||
| Social Prescnang | 6,000 | (6,000) | ||||||
| Big Lottery Fund-HTC | 143,329 | (13D,134) | 13,195 | |||||
| City Bndge Trust | ||||||||
| Wandle CCG | 73,250 | (73,250) | ||||||
| Bsoersss CCG | 28,734 | (28,734) | ||||||
| West Wandsworth CCG |
29,360 | (29,360) | ||||||
| City Budge Trust | 47,260 | (47,260) | ||||||
| Major Trauma Advice |
27,707 | (27,707) | ||||||
| Citizens Advice - Help ta Claim | 139,961 | (138,221) | 1,740 | |||||
| Citizens Advice BEISfunding | 12,500 | (12500) | ||||||
| The London Community | 18,MO | (18,DOO) | ||||||
| Wandswonh Council - DSF |
47,406 | (47,406) | ||||||
| Baaersea BPSF |
||||||||
| Wandle HA |
||||||||
| Wandsworth - Foodbank |
54,053 | (54,053) | ||||||
| Foodbank - Henry Smith | 58,200 | (58,200) | ||||||
| Foodbank -Trussell Trusl | 25,725 | (25,725) | ||||||
| Foodbank - Earlsfield | 13,MO | (13,0M) | ||||||
| EU National | ||||||||
| Total restricted funds |
~1255 | ~1~55 | ||||||
| Unrestricted tunds |
||||||||
| General funds | ||||||||
| Free funds Defined pension beneFit scheme |
524,657 ~r |
692,208 | (681,827) | 005 ODO | ||||
| Total unrestricted funds |
4 1 | 651 | ||||||
| Total funds | 476 | 586 |