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2023-03-31-accounts

PLATFORM: LONDON Independent Auditors, Report To Tho Membgrs Matt•rs on whlch we are requSred to report by •xcoptFon the audit. we have not id8nlifi8(l rnalerial misststements in the dlrectors, report irFuded wilhin the truste8s' report. We have nothing to r0POrt in res￿1 of the folowiTrJ matters in relation to which Ihè Companies Act 2006 roquires u8 to report lo you if, in our opinion.. adequate accounting rècolds have w)1 been kept, or retums adeoual¢ for our audjl have not been r8c&ivg(1 from br3￿heS not visited by us: or the finarrial statements are not in agreement wth th8 accountlng records and relums,. or certain disclosurgs of trustees, remunerdlion specified by law are not m8de- or we have Mt rècefvd all thg inforrnation and explanatSons we require for our audit- or the trusteeswere not &ntitlÈd to prèpare the financial stslemenls in accordan¢ewilh the small compank$ ￿￿Me and tske advantb38 of the Small companies, ex8mplions in preparin9 the trustees, ￿pOrt and from tho requirement to prèpare a Str810g￿ report. R•sponslbllltlfrs of tru8te8s Asexplained moreffijlty in the Iwsleg$' rosponsibilibes stslement, the trustees (who are alsothe dtrectorsofthe charitable company for the purposes of company lawl are r&sponsible for the preparab'ijn of the financial slattsments and for beir satisfied that they gwe a true and fairview. and for such inlemal control 8$ the trustees detemiine Is ne¢essary to enab the preparatton of financkil statements that are freo fr¢)m m818ri81 misstslemenL whether to fraud or error. In prop8ring Ih? financial stslements, the trustees are r&sw)nslbl& for assossing the charftable comp8ny's abilty to continue as a goi￿ concem, discjosing, as applicable, matters related to wing concem and usiThJ the gtyny ¢oncem ba&s of acciwntiNJ unless the I￿￿eeS either intend to liquidate the charitabk ¢xmpany or to cease opèr8tK)ns, or have no realK8tic altèmalivè but lo (k) so. Audltorfs r•8ponslbllltl•s for thè audlt of th¢ financlal Btatemonts Chjr objectives are to oblain ￿aSOnabl@ assur8nce about whether the financ¢al statements as a whde are free from rn8terial misstatement, whether duè to fraud or err()r, and lo issue an audiior's report that includes our opinion. Reasonable assurdnce is a high level of assurance. but is not 8 guarantee that an audit conduct8d in accordance with ISAS IUKI will always detect a material misststèmenl wh9n il exists. Misstatements can aris8 from fraud or error and are eonsidere(I material rf, indivKJually or in the aggregate, they could r8ason8bly be expected to influgncg the econom deci4ions of u59rs tsken on the basis of Ihese flnancial statemonls. Irregularities, including fraud, are instances of norrfcthpllance ¥￿th laws and regulations. We desi9n procedures in line ith our rèsponsibilibÈs, outsingd above, to detect material misstatements in respect of irregularities. including fraud. The specific procedures for Ihis eryJ8gement and the extent to which these are (pabl¢ of detscting iTregularikn"ès, irtluding fra￿￿ is detailed b•low'. Enquiry of management and Ihoso chafged wlh govemance around actual and potenb'al liligation and clalms as well as actual. suspected and alkg8d fraud,. Reviewing minules of meetsrrfJs of those charged with govemance; Assessng the exaent of compliance with the laws and r9gulalions C￿sIdered to have a direct matwial effect on the financial statements or the operations ol Ihe company Ihiough enquiry and inspection,. Revigwing financial statement disclosures and testing lo suppoitirvj docurDtrntatson to assass ¢ompliance with appli¢able18ws and r¢gulalions- Porfoming audit wovk over the risk of management bias and override of controls, includlThJ testing of loum81 entrles and other 8djustmnts for appropriateness, evaluating the businèss r8tion8le of signiflcanl transa¢lions out&de Ihe norn)al cours8 of business and r8viewirwJ accounting estimates for Ind￿torS of potential bias. Because of Ihe inherent limitalions of an audit, Ihere is a rtsk th8t we wll Th)t detect all Irregularit￿5, irKluding those leading to a materfal misstatement In the financial ststemenls or non-¢omplianc8 with regulalon. Thls risk increases Ihe more that ctsmpliance with 8 Liw or wulation is removed from the évènts and transactions refle¢tsd in the financial lemtrnls, as we will be less likely to become aware of instances of non-compllance. The risk is also 9￿8181 regarding irregularitlès o¢curring duè to fraud ralher than error. as fraud involves Intèntional concealment, forgory. ¢ollusion. omk<sion or misrèprÈsantation. A fvrther descrfptlon of our responsibilities is available tsn the Finanaal Reporkn'ng Council's website at.. https:Ilvw4.frc.org.ubJOur-WorkJAuditlAudit-and-assuran¢elStand8rds-and-guidancelStandards-8nd4Juidance-for- audrtorslAuditors•responsikn'lities-for-audiVDsscription-of-8udilors-responsibilities.for4udiI.aspx. This description forni$ part of our auditorfs report. 10

Unrestricted Restricted
Notes Funds Funds 2023 2022
E E E E
Income from
Donations 7,741 2,000 9,741 40,187
Grants 8 fees receivable 105,133 842,527 947,660 614,029
Investment
income		 627 627 48
Total incoming resources 113,501 844,527 958,028 654,264
Expenditure
on
Charitable
activities		 223,111 716,258 939,369 771,412
Net incoming resources before transfers (109,610) 128,269 18,659 (117,148)
Transfers 165,558 (165,558)
Net movements
in funds		 55,948 (37,289) 18,659 (117,148)
Funds brought forward
at 1 April 2022 15A/16A 205,468 39,522 244,990 362,138
Funds carried forward
at 31 March 2023 15A/16A 261,416 2233 263,649 244,990

As at 31 March 2023
Company number: 2658515
Notes 2023 2022
Fixed assets
Tangible assets 6,068 3,583
Current assets
Debtors 10 167,103 112,181
Cash at bank and in hand 423,954 548,906
591,057 661,087
Creditors: Amounts falling
due within one year 11 (333,476) (308,448)
Net current assets 257,581 352,639
Total Assets less current Liabilities 356,222
Creditors:
Amounts		 falling due after 12 (111,232)
more than one year
NET ASSETS 263,649 244,990
Represented
by:
Restricted funds 15/15A 2,233 39,522
Unrestricted
funds:
General reserve 16/16A 261,416 205,468
Total funds 263,649 244,990

Notes 2023 2022
Cash flows from operating activities:
Cash generated
from operations		 20 (120,205) 147,349
Net cash provided
by (used in) operating		 activities (120,205) 147,349
Cash flows from investing activities:
Purchase oftangible
fixed assets		 (5,374) (4,236)
Interest received 627 48
Net cash provided
by (used in) investing		 activities (4,747) (4,188)
Change
in cash and cash equivalents		 in the
reporting
period		 (124,952) 143,160
Cash and cash equivalents at the beginning
ofthe reporting
period		 548,906 405,745
Cash and cash equivalents at the end of the reporting
period 423,954 548,906
Cash and cash equivalents consist of:
Cash at bank and in hand 423,954 548,906

Charitable activities Direct Support
Costs Costs Total
f (note 5)f f
Operating costs 827,612 111,757 939,369
5. Support costs Other Governance
f Costsf Totalf
Operating
costs		 103,857 7,900 111,757
Support costs included in the above, are as follows:
2023f 2022f
Rent & rates 20,378 17,606
Telephone 40
Computer costs 49,099 24,695
Printing,
postage		 &stationery 561 1,493
Consultancy 1,230 9,079
Accountancy 5,206 12,264
Legal & Professional Fees 5,688
Training costs 13,174 20,992
Insurance 3,549 3,114
Sundry 2,259 3,548
Bank charges 354 532
Depreciation
oftangible		 fixed assets 2,889 4,937
Expenses 5,158 11,218
Governance costs:
Auditors
remuneration		 7,900 7,760
Trustees expenses
111,757 122,966

Staff costs 2023
f		 2022f
Wages and salaries 434,984 354,261
Social security costs 43,337 27,634
Pension contributions 24,607 21,406
Termination
payments		 25,000
502,928 428,301
The number ofemployees in the year was: Number Number
Full-time equivalent 17 14

7.
Net incoming		 resources 2023 2022
E E
Net incoming resources are stated after charging:
Depreciation 2,889 4,937
Auditors'
remuneration		 7,900 7,760
8.
Comparatives		 for the statement offinancial activities (2022)
Unrestricted Restricted
Funds Funds 2022
E E E
Income from
Donations 2,580 37,607 40,187
Grants &fees receivable 37,762 576,267 614,029
Investment
income		 48 48
Total incoming
resources		 40,390 613,874 654,264
Expenditure
on
Charitable
activities		 (21,368) 792,780 771,412
Net incoming
resources before transfers		 61,758 (178,906) (117,148)
Transfers (32,253) 32,253
Net movements
in funds		 29,505 (146,653) (117,148)
Funds brought
forward
at 1 April 2021 175,963 186,175 362,138
Funds carried forward
at 31 March 2022 205,468 39,522 244,990

9. Tangible fixed assets Tangible fixed assets
Equipment
Cost
At 1 April 2022 11,594
Additions 5,374
At 31 March 2023 16,968
Depreciation
At 1 April 2022 8,011
Charge for the year 2,889
At 31 March 2023 10,900
Net book value
At 31 March 2023 6,068
At 31 March 2022 3,583
10. Debtors 2023 2022
Trade Debtors 8,979 32,571
Other debtors and prepayments 138,124 59,610
Accrued income 20,000 20,000
167,103 112,181
11. Creditors:
Amounts		 falling
due within one year
Trade Creditors 5,237 16,945
Social security and other taxes 5,214 15,098
Other creditors 11,490 7,500
Accruals and deferred income (note 12) 311,535 268,905
333,476 308,448
12 Creditors: Amounts falling after one year
Accruals and deferred Income 111,232
111,232

13. Deferred income
Balance at 1 April 2022 371,796 120,618
Amount released into incoming resources (371,796) (120,618)
Amount deferred in the year 302,975 371,796
302,975 371,796
Deferred income relates to income received during the year in advance ofexpenditure occurring.
14. Allocation ofthe charity net assets
Fixed Net
Assets Assets Total
Restricted funds 2,233 2,233
Unrestricted
funds		 6,068 255,348 261,416
6,068 257,581 263,649
14A. Allocation ofthe charity net assets —Prior Year
Fixed Net
Assets Assets Total
Restricted funds 39,522 39,522
Unrestricted
funds		 3,583 201,885 205,468
3,583 241,407 244,990

16. Unrestricted funds
Balance Incoming Resources Balance
01.04.22 resources Expended Transfer 31.03.23
General reserve 205,468 113,501 (223,111) 165,558 261,416
205,468 113,501 (223,111) 165,558 261,416
16A. Unrestricted funds —Prior Year
Balance Incoming Resources Balance
01.04.21 resources Expended Transfer 31.03.22
General reserve 175,965 40,390 21,368 (32,253) 205,468
175,965 40,390 21,368 (32,253) 205,468

Land and Building
2023 2022
At the 31 March 2023, the charity had total commitments under an operating
lease as follows:
Expiring:
Less than 1 year 4,670 4,245

20. Reconciliation
of		 net income/(expenditure) income/(expenditure) to net cash flow from from
operating
activities
2023 2022
Net income/(expenditure) for the reporting period (as per the statement of
financial
activities)		 18,659 (117,148)
Adjustments
for:
Depreciation 2,889 4,937
Interest received (627) (48)
(Increase)/Decrease in trade debtors (54,922) 16,574
Increase/(Decrease) in trade creditors (86,204) 243,034
Net cash provided by (used in) operating activities (120,205) 147,349