2022-03-31-accounts - Pathways Trust

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April 21 - March 22

Annual Report

P A T H W A Y S T R U ST

Pathways Trust 200 Cambridge Health Rd, London, E2 9PA Charity Number 1051845

+44 020 8980 6300 pathwaystrust95@gmail.com www.pathwaystrust.org.uk/

Report of the Trustees Review of activities

Operations

The global Covid-19 pandemic continued to impact business at Pathways. We were able to resume seeing patients again in 2020, but unfortunately continued to struggle getting the numbers of patients up to where we were before the pandemic.

We have been able to slowly increase footfall. This has been supported by various updates we have implemented both within our operating systems and making onsite improvements.

We have connected with other local organisations, and put more focus into digital marketing and social media to increase our outreach.

In general a greater emphasis was placed on our marketing as we worked to establish ourselves back in the community after the Winter 2020 lockdown.

ANNUAL REPORT 2021 / 22

02 / 15

Report of the Trustees Review of activities

Ke activities include: y

Pathways continued our collaboration with Mind in Tower Hamlets, a mental health charity, using the funding provided by the Friends of St Clements Hospital, donated in 2006. We were able to see 24 Mind service users up to 6 £5 treatments.
We began taking on-site card payments with
a card reader.
Pathways Trust underwent a refurbishment of the office and treatment rooms.
We held a very successful open day in March 2021 offering free mini taster sessions which was over-prescribed.

Fundraising

In June 2021 we were awarded a small grant from the Magic Little Grants Fund.

ANNUAL REPORT 2021 / 22

03 / 15

Charity Statistics

- INCOME APRIL 2021 MARCH 2022 TOTAL: £26,925

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Patient
Fees
£19,896
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Grants &
Donations
£6,942
Herbs &
Vitamins
£86
Other
£0
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EXPENDITURE APRIL 2021 MARCH 2022 TOTAL: £42,474

Practitioner Fees £9,389

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Finance & Admin
£15,068
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Rent/ Premises
Functioning Costs
£3,016
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ANNUAL REPORT 2021 / 22

04 / 15

Charity Statistics

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-
INCOME APRIL 2020 MARCH 2021 TOTAL: £22,720
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Grants &
Donations
£4,050
Herbs &
Patient
Vitamins
Fees
£300
£18,066
Other £304
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-
EXPENDITURE APRIL 2020 MARCH 2021 TOTAL: £17,986
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Practitioner Fees £4,678

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Finance & Admin
£9,752
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Rent/ Premises
Functioning Costs
£3,556
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ANNUAL REPORT 2021 / 22

05 / 15

Pathways Trust 200 Cambridge Health Rd, London, E2 9PA Charity Number 1051845

+44 020 8980 6300 pathwaystrust95@gmail.com www.pathwaystrust.org.uk/

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2022


Statement of Financial Activities
(includingsummary income and expenditure account)
for the year ended 31 March 2022

	Notes
		2022	2022	2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		£	£	£	£
Income from:
Patients Fee		19,896	-	19,896	18,066
Grants and donations	(2)	20	6,922	6,942	4,050
Herb & Vitamin Sales		86	-		300
Other Income		-	-	-	304
Total income		20,002	6,922	26,925	22,720


Expenditure on:
Administrative Work		14,273	500	14,773	8,597
Finance Work		720	-	720	1,155
Practitioner Work		9,389	-	9,389	4,663
Rent/Premises Costs		3,016	-	3,016	1,702
Premises refurbishment		-	6,025	6,025	-
Website & Internet Network		718	-	718	515
Advertistment		275	-	275	496
Project Delivery		-	5,685	5,685	-
Serveyor		-	-	-	300
CleaningService		280	-	280	308
Office Equipment & Furnishing		313	-	313	138
Bank Account Fee		96	-	96	69
Postage		-	-	-	29
Practitioner Meeting		45	-	45	15
Training		30	-	30	-
Purchase of Treatment Supplies		409	-	409	-
Insurance		212	-	212	-
Utilities		-	-	-	-
DBS check		100	-	100	-
Digital Payment Fee		235	-	235	-
Open Day		-	152	152	-
Total expenditure		30,111	12,362	42,474	17,986
Netgains/(losses)on investments		-	-	-	-
Net income /(expenditure)		(10,109)	(5,440)	(15,549)	4,733
Transfers between funds		(700)	700	-	-
Other recognised gains/(losses):
Gains/(losses)on revaluation of fixed assets		-	-	-	-
Othergains/(losses)		-	-	-
Net movement in funds		(10,809)	(4,740)	(15,549)	4,733
					31,980
Fund balances brought forward		31,038	5,675	36,713
Fund balances carried forward	(3)	20,229	935	21,164	36,713
					-
All incomingresources and resources expended derive from continuingactivities.


Balance sheet
as at 31 March 2022		2022	2022	2022	2021
for theyear ended 31 March 2022		Unrestricted	Restricted	Total	Total
		£	£	£	£
Current assets
Cash at bank and in hand	(4)	21,174	(10)	21,164	36,713
Total current assets		21,174	(10)	21,164	36,713

Current liabilities:
amounts falling due within oneyear
Creditors and accruals	(8)	-
Total current liabilities		-	-	-	-
		21,174	(10)	21,164 36,713
Net current assets /(liabilities)		21,174	(10)	21,164	36,713

Net assets		21,174	(10)	21,164	36,713

Funds
Unrestricted funds		20,229	-	20,229	31,038
Restricted funds		-	935	935	5,675
Endowment funds
Total funds		20,229	935	21,164	36,713


For the year ending 31 March 2022 the charitable company was entitle 2006 relating to small companies.		d to exemption from	audit under secti	on 477 of the Companies Act
The members have not required the charitable company to obtain an audit of its accounts 476. The trustees (who also the directors for the purposes of company law) acknowledge t requirements of the Act with respect to accounting records and the preparation of accoun			for the year in question in accordance with section heir responsibilities for complying with the ts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).

The financial statements were approved bythe board of trustees on 18thJan 23……..……...…….
Signed.................................................(Trustee)

Name: ……Gwyneth Deakins….

Pathways Trust

Notes to the accounts

for the year ended 31 March 2022 for the year ended 31 March 2022 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Leases

Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.


	Notes to the accounts continued
	for theyear ended 31 March 2022
	for theyear ended 31 March 2022
2	Grants and donations		2022	2022	2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			£	£	£	£
	London Borough of Tower Hamlets DiscretionaryGrants Scheme		-	-	-	2,000
	Local GivingFunding		20	500	520	-
	Other Donations			6,422	6,422	2,050
			20	6,922	6,942	4,050


3	Restricted funds	Balance b/f	Incoming	Outgoing	Transfers	Balance c/f
		£	£	£	£	£
	Mental Health Project	5,675	-	5,685	-	(10)
		5,675	-	5,685	-	(10)

	Fund name	Purpose of res	triction

	Local Giving Funding	Grant receive fr	om local council	to support busin	esses
	Mental Health Project	Fund transferred from Pathways Trust Saving account, to help people with mental health problems through treating them with Chinese medicine and complementary health therapies. The project runs March 2021 - March 2022. To provide low cost and free complementary health treatments to those services users at Mind in Tower Hamlets and Newham, the mental health charity.


	Notes to the accounts continued
	~~for theyear ended 31 March 2022~~
	for theyear ended 31 March 2022
4	Cash at bank and in hand	2022	2021
		£	£
	Current Account	7,833	36,713
	SavingAccount	13,331	-
		21,164	36,713
		-
5	Creditors and accruals	2022	2021
		£	£
	Loans and overdrafts
	Creditors
	Accruals

		-	-

6	Relatedparty transactions

	Trustee expenses
	No trustee received anyexpenses duringthisyear or thepreviousyear.

	Trustee remuneration and benefits
	No trustee received anyremuneration or benefit duringthis or thepreviousyear.

	Remuneration and benefits received by key managementpersonnel
	The keymanagementpersonnel of the charityinclude the trustees and Chief Officer. The total employee
	No trustee received any remuneration or benefit in this capacity during this or the previous year.


Statement of Financial Activities includingcomparatives for all funds
(includingsummaryincome and expenditure account)
for the year ended 31 March 2022


	2022	2021	2022	2021	2022	2021
	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
	funds	funds	funds	funds	funds	funds
	£	£	£	£	£	£
Income
Patients Fee	19,896	18,066		-	19,896	18,066
Grants and donations	20	2,050	6,922	2,000	6,942	4,050
Herb & Vitamin Sales	86	300		-	86	300
Other Income		304		-	-	304
Total income	20,002	20,720	6,922	2,000	26,925	22,720


Expenditure
Administrative Work	14,273	6,597	500	2,000	14,773	8,597
Finance Work	720	1,155	-	-	720	1,155
Practitioner Work	9,389	4,663	-	-	9,389	4,663
Rent/Premises Costs	3,016	1,702	-	-	3,016	1,702
Premises refurbishment	-	-	6,025	-	6,025	-
Website & Internet Network	718	515	-	-	718	515
Advertistment	275	171	-	325	275	496
Project Delivery	-	-	5,685	-	5,685	-
Serveyor	-	300	-	-	-	300
CleaningService	280	308	-	-	280	308
Office Equipment & Furnishing	313	138	-	-	313	138
Bank Account Fee	96	69	-	-	96	69
Postage	-	29	-	-	-	29
Practitioner Meeting	45	15	-	-	45	15
Training	30	-	-	-	30	-
Purchase of Treatment Supplies	409	-	-	-	409	-
Insurance	212	-	-	-	212	-
Utilities	-	-	-	-	-	-
DBS check	100	-	-	-	100	-
Digital Payment Fee	235	-	-	-	235	-
Open Day	-	-	152	-	152	-
Total expenditure	30,111	15,661	12,362	2,325	42,474	17,986
Netgains/(losses)on investments	-	-	-		-	-
Net income /(expenditure)	(10,109)	5,058	(5,440)	(325)	(15,549)	4,733
Transfers between funds	(700)	(6,000)	700	6,000	-	-
Other recognised gains/(losses):
Gains/(losses)on revaluation of fixed	-	-	-		-	-
Othergains/(losses)	-	-	-		-	-
Net movement in funds	(10,809)	(942)	(4,740)	5,675	(15,549)	4,733
		31,980
Fund balances brought forward	31,038		5,675		36,713	31,980
Fund balances carried forward	20,229	31,038	935	5,675	21,164	36,713

Reserve Policy & Risk Management

The trustees review their reserve policy periodically and aim to retain an adequate sum to ensure the continuity of its activities.

This is to ensure that in the event of a significant drop in funding, the charity will be able to continue the charity current activities while consideration is given to ways in which additional funds may be raised.

The trustees have drawn up a risk register which provides dates and details of action to be taken to reduce the risks faced by the charity. The charity also purchases a range of insurance.

Approved by the trustees on 18/01/2023 and signed by

Trustee

Gwyneth Deakins

Trustee Nanoo Hansjee

Trustee Stewart Gregory Rayment

Independent Examiner's Report

To the Management Committee of Pathways Trust Financial Statements of Pathways Trust for the year ended 31 March 2022

Responsibilities and basis of report

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“ the Act”). I report in respect of my examaination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Man Hong Yuen Certified Accountant Date 25/01/23