2023-03-31-accounts

Operating	Name	Name		New Roots	Housing	Project
Company	number			02814950
Charity number				1045334
Registered	office			2 Overend	Road
				Worksop
				Nottinghamshire
				880 1QP
Chair				Stuart West
Management		Committee	IDirectors And Trustees)	J Griiiiths
				R Hobson
				LOldcorn
				SWest
				J Barton
				P Dickinson
Senior staff				Carol Scawthon			Senior Project Manager
				lan Barley			Business Coordinator
				Vicky Baker-Shaw			Social Care Manager
Auditor				Rogers Spencer
				Newstead	House
				Pelham Road
				Nottingham
				NG5 1AP
Bankers				Natwest
				69Bridge Street
				Worksop
				S80 1DJ

		Page
Trustees report		1-10
Statement ofTrustees	responsibilities
Independent auditor's	report	12-15
Statement offinancial	activities	16-17
Balance sheet		18
Statement ofcash flows		19
Notes to the financial	statements	20-29

			Unrestricted	Restricted	Total	Total
			funds	funds
			2023	2023	2023	2022
		Notes	8	8	8	8
Income from:
Charitable activities Other trading activities		3	1,821,515 25,616	43,000	1,864,515 25,616	1,133,572 3,522
Total income			1,847,131	43,000	1,890,131	1,137,094
~E* Chl
Raising funds		4	32,848		32,848	17,000
Charitable activities		5	1,538,583	32,621	1,571,204	1,053,643
Total resources expended			1,571,431	32,621	1,604,052	1,070,643
Net incoming	resources before transfers		275,700	10,379	286,079	66,451
Gross transfers	between funds		1,292	(1,292)
Net income for the yearl
Net movement	in funds		276,992	9,087	286,079	66,451
Fund balances	at 1 April 2022		800,839	52,580	853,419	786,968
Fund balances at 31March 2023			1,077,831	61,667	1,139,498	853,419

Prior financial year	Prior financial year			Unrestricted	Restricted	Total
				funds	funds
				2022	2022	2022
			Notes	8	6	F
Income from:
Charitable activities			3	1,089,572	44,000	1,133,572
Other trading activities				3,522		3,522
Total income				1,093,094	44,000	1,137,094
~Ex fitlII~on:
Raising funds			4	17,000		17,000
Charitable activities			5	1,021,859	31,784	1,053,643
Total resources	expended			1,038,859	31,784	1,070,643
Net incoming resources		before transfers		54,235	12,216	66,451
Gross transfers	between	funds		148	(148)
Net income for Net movement	the yeari in funds			54,383	12,068	66,451
Fund balances at 1 April 2021				746,456	40,512	786,968
Fund balances	at 31 March 2022			800,839	52,580	853,419

			2023	2022
		Notes	8	6
Fixed assets
Tangible assets Current assets		10	983,501		847,145
Debtors			460,217	32,130
Cash at bank and in	hand		164,988	304,233
			625,205	336,363
Creditors: amounts	falling due within
one year		13	(281,863)	(133,502)
Net current assets			343,342		202,861
Total assets less current liabilities			1,326,843		1,050,006
Creditors: amounts	falling due after
more than one year		14	(187,345)		(196,587)
Net assets			1,139,498		853,419
Income funds
Restricted funds		16	61,667		52,580
Unrestricted funds			1,077,831		800,839
			1,139,498		853,419

			2023		2022
		Notes	5		8
Cash flows from operating activities Cash generated from operations		21		55,244		150,953
Investing activities Purchase oftangible fixed assets			(174,039)		(120,461)
Interest received			530		22
Net cash used in investing	activities			(173,509)		(120,439)
Financing activities Repayment ofbank loans			(9,242)		(10,061)
Interest and finanung costs			(11,738)		(8,282)
Net cash used in financing	activities			(20,980)		(18,343)
Net (decrease)/increase in equivalents	cash and cash			(139,245)		12,172
Cash and cash equivalents	at beginning	ofyear		304,233		292,061
Cash and cash equivalents	at end ofyear			164,988		304,233
Relating to: Cash at bank and in hand				164,988		304,233

							2023	2022
							5	5
Grants Rents and		Young	Persons Supported		Accommodation	Services income	43,000	44,000
receivable							1,821,515	1,089,572
							1,864,515	1,133,572
Analysis	by fund
Unrestricted Restricted		funds funds					1,821,515 43,000	1,089,572 44,000
							1,864,515	1,133,572
Raising funds
							2023	2022
							5
Fundraisin		and	u	li
Consultancy		fees					32,848	17,000
							32,848	17,000

Charitable activities
			2023	2022
			8	5
Staffcosts			727,810	599,044
Training costs Staff travel costs			7,568 9,669	8,539 9,584
Insurance			11,614	8,243
Move-on units rents			133,687	111,380
Repairs and renewals Council tax and water	rates		87,244 9,268	136,319 12,015
Light and heat Advertising, printing, Telephone Cleaning Motor expenses Equipment rental Bad debts written olf	postage	and stationery	38,277 10,488 25,550 11,822 155 5,386 50,641	21,420 10,086 12,077 7,923 245 1,778 (9,250)
Professional fees			6,935	9,934
Bank charges Loan interest			472 11,738	426 8,282
Volunteer expenses Activities and projects Sundry expenses Depreciation offixed assets IT software and consumables			4,068 23,509 37,683 21,737	1,782 7,740 10,495 32,769 9,936
Recruitment costs			14,127
Security costs NCHA fees			4,140 268,064
			1,521,652	1,010,767
Share ofgovernance	costs (see note 7)		49,552	42,876
			1,571,204	1,053,643
Analysis by fund Unrestricted funds			1,538,583
Restricted funds			32,621
			1,571,204
Forthe year ended Unrestricted funds	31 March 2022			1,021,859
Restricted funds				31,784
				1,053,643

Governance costs
	2023 f	2022f
Staffcosts Audit and accountancy fees	35,831 13,721	32,310 10,566
Governance	49,552	42,876

The average monthly number ofemployees during t	he year was:
	2023	2022
	Number	Number
	28	19
Employment costs	2023f	2022 f
Wages and salaries Social security costs Other pension costs	660,145 47,234 56,262	553,720 30,131 47,503
	763,641	631,354

Taxation
The charity is exempt 252 ofthe Taxation of	from tax on Chargeable	income and gains falling within section 505ofthe Taxes Act 1988 Gains Act 1992to the extent that these are applied to its charitable				or section objects.
Tangible fixed assets		Freehold land	Plant and	Fixtures and	Computers	Total
		and buildings	equipment	linings
		8	8	8
Cost
At 1 April 2022 Additions		973,981 98,180	87,787 39,696	73,042 6,450	14,756 29,713	1,149,566 174,039
At 31 March 2023		1,072,161	127,483	79,492	44,469	1,323,605
Depreciation and impairment At 1April 2022 Depreciation charged in the year		161,837 18,151	71,203 8,174	55,162 6,977	14,219 4,381	302,421 37,683
At 31 March 2023		179,988	79,377	62,139	18,600	340,104
Carrying amount At 31 March 2023		892,173	48,106	17,353	25,869	983,501
At 31 March 2022		812,143	16,584	17,881	537	847,145

				2023	2022
					8
	Bank loans			195,845	205,087
	Payable within one year			8,500	8,500
	Payable after one year			187,345	196,587
	The bank loan, is secured by way ofa first legal charge over 2 and 4 Overend		Road.
13	Creditors: amounts	falling due within one year
				2023	2022
				8	8
	Bank loans	12		8,500	8,500
	Other taxation and social security			15,233	18,551
	Trade creditors			244,067	95,510
	Accruats and deferred income			14,063	10,941
				281,863	133,502
14	Creditors: amounts	falling due after more than one year
				2023	2022
		Notes		K	8
	Bankloans	12		187,345	196,587

Analysis ofnet assets	between funds
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2023	2023	2023	2022	2022	2022
	5	8	8	8	8
Fund balances at 31
March 2023are
represented by:
Tangible assets	910,591	72,910	983,501	770,392	76,753	847,145
Current assets/(liabilities)	354,585	(11,243)	343,342	227,034	(24,173)	202,861
Long term liabilities	(187,345)	-	(187,345)	(196,587)	-	(196,587)
	1,077,831	61,667	1,139,498	800,839	52,580	853,419

Total future minimum lease payments under non-cancella	ble other operating leases are as follows:
	2023	2022
	8	8
Within one year Between two and five years	52,593 157,778	108,391
	210,371	108,391

Analysis ofchanges in net debt
	At	1April 2022	Cash ncwsAt St March 202$
		8	f	8
Cash at bank and in hand		304,233	(139,245)	164,988
I oans falling due within one year Loans falling due after more than one year		(8,500) (198,587)	9,242	(8,500) (187,345)
		99,146	(130,003)	(30,857)

21	Cash generated from	operations		2023 8	2022 8
	Surplus for the year			286,079	66,451
	Adjustments for: Interest received			(530)	(22)
	Interest on loan			11,738	8,282
	Depreciation and impairment oftangible		fixed assets	37,683	32,769
	Movements in working (Increase) in debtors Increase in creditors	capital:		(428,087) 148,361	(10,741) 54,214
	Cash generated from	operations		55,244	150,953