2023-03-31-accounts

April 22 - March 23 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

[phone] [e-mail] www.pathwaystrust.org.uk/

Report of the Trustees

Review of activities

Operations

The effects of post-pandemic London can still be felt and those combined with the cost of living crisis have meant that people, now more than ever, require affordable complementary therapies. This has been reflected by an increase in our income over the previous year.

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

In addition, we have connected with other local organisations (namely the A Way Forward Programme), and put a more magnified lens on our 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 2021 lockdown.

ANNUAL REPORT 2022 / 23

02 /15

Report of the Trustees

Review of activities

Key activities:

Despite the after effects of Covid still looming in the background as well as the cost of living crisis Pathways Trust continued providing affordable treatments to people on low income in need of health improvement.

Pathways partnered with the very successful ‘A Way Forward’ programme in which we provided complementary therapies to vulnerable women in externallyfunded Health Coaching Groups.

We held a very successful open day in Mar 2023 offering free mini taster sessions which were over-subscribed.

Fundraising

We continue our effort to get funding from available channels. During the year we received a grant to support our general work from Benevity Charitable Giving, an arm of McQuarries, where one of our former trustees worked.

ANNUAL REPORT 2022 / 23

03 /15

Charity Statistics

Income April 2022 - March 2023 Total £29,191

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Patients Fee, 22,132, 76%
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Grants and Donations,
5,545, 19%
Others, 1,439, 5%
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Income April 2021 - March 2022 Total £26,925

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Grants and Donations,
6,940, 26%
Patients Fee, 19,896, 74%
Others, 89, 0%
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ANNUAL REPORT 2022 / 23

04 /15

Charity Statistics

Expenditure April 2022 - March 2023 Total £27,949

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Practitioners Work,
13,280, 45%
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Admin & Finance Work,
5,424, 19%
Rent & Utilities, 4842,
17%
Website & Internet, 1165,
4%
Others, 4,403, 15%
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Expenditure April 2021 - March 2022 Total £42,474

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Admin & Finance Work,
15,493, 37%
Rent, 3,016, 7%
Premises Refurbishment,
6025, 14%
Practitioners Work,
9,389, 22%
Others, 2,866, 7%
Pathways Trust
Project Delivery, 5,685,
13%
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ANNUAL REPORT 2022 / 23

05 /15

London, E2 9PA Charity Number 1051845

April 22 - March 23 Financial Statement P A T H W A Y S T R U ST

Balance sheet as at 31 March 2023 2023 for the year ended 31 March 2023 Unrestricted £ Pathways Trust Financial Statment Pathways Trust	Balance sheet as at 31 March 2023 2023 for the year ended 31 March 2023 Unrestricted £ Pathways Trust Financial Statment Pathways Trust	2023 Restricted £	2023 Total £	2022 Total £
Current assets Cash at bank and in hand (4) Total current assets Current liabilities: amounts falling due within one year Creditors and accruals (8) Total current liabilities Net current assets / (liabilities) Net assets Funds Unrestricted funds Restricted funds Endowment funds Total funds	22,407 22,407 - - 22,407 22,407 22,407 - 22,407	(0) (0) - (0) (0) - - -	22,407 22,407 - 22,407 22,407 22,407 - 22,407	21,164 21,164 - 21,164 21,164 20,232 933 21,164
The financial statements were approved by the board of trustees on ……19.01.2024 Signed: … For the year ending 31 March 2023 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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).
Name: …Gwyneth Deakins on behalf of all trustees

	Statement of Financial Activities (including summary income and expenditure account) for the year ended 31 March 2023 Notes Pathways Trust Financial Statment Pathways Trust	Statement of Financial Activities (including summary income and expenditure account) for the year ended 31 March 2023 Notes Pathways Trust Financial Statment Pathways Trust	Statement of Financial Activities (including summary income and expenditure account) for the year ended 31 March 2023 Notes Pathways Trust Financial Statment Pathways Trust
	Income from: Patients Fee Grants and donations (2) Herb & Vitamin Sales Other Income Total income Expenditure on: Administrative Work Finance Work Practitioner Work Rent/Premises Costs Premises refurbishment Website & Internet Network Advertistment Project Delivery Serveyor Cleaning Service Office Equipment & Furnishing Bank Account Fee Postage Practitioner Meeting Training Purchase of Treatment Supplies Insurance Utilities DBS check Digital Payment Fee Open Day Total expenditure Net gains/(losses) on investments Net income / (expenditure) Transfers between funds Other recognised gains/(losses): Gains/(losses) on revaluation of fixed assets Other gains/(losses) Net movement in funds Fund balances brought forward Fund balances carried forward (3)	2023 Unrestricted funds £ 22,132 10 75 105 22,323 4,344 1,080 6,707 3,397 - 1,165 279 - - 310 325 72 - 150 - 629 236 1,445 - - - 20,138 -	2023 Restricted funds £ - 5,535 - 1,334 6,868 - - 6,573 - 938 - - - - - - - - - - - - - - - 300 7,811 - (943) 10 - - (933) 933 -	2023 Total funds £ 22,132 5,545 1,439 29,191 4,344 1,080 13,280 3,397 938 1,165 279 - - 310 325 72 - 150 - 629 236 1,445 - - 300 27,949 - 1,243 - - - 1,243 21,164 22,407	2022 Total funds £ 19,896 6,940 86 3 26,925 14,773 720 9,389 3,016 6,025 718 275 5,685 - 280 313 96 - 45 30 409 212 - 100 235 152 42,474 - (15,549) - - (15,549) 36,713 21,164
		2,185 (10) - - 2,175 20,232 22,407
	All incoming resources and resources expended derive from continuing activities.				0 check

Pathways Trust Financial Statment Pathways Trust

Notes to the accounts

for the year ended 31 March 2023

for the year ended 31 March 2023

1 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 the year ended 31 March 2023 for the year ended 31 March 2023 Pathways Trust Financial Statment Pathways Trust
2 Grants and donations Benevity Charitable Giving Local Giving Funding Other Donations 3 Restricted funds Mental Health Project	Balance b/f £ (10) (10)	2023 Unrestricted funds £ 10 10 Incoming £ - -	funds £ 5,535 5,535 Outgoing £ - -	funds £ 5,535 10 5,545 Transfers £ 10 10	2022 Total funds £ - 520 6,420 6,940 (0) Balance c/f £ - -
Fund name Benevity Charitable Giving Mental Health Project	Purpose of restriction Grant from the employers of McQuarries, where our former trustee worked. it is for general support of the charity 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. The negative £10 balance is topped up by Pathways Trust in 2023

Notes to the accounts continued for the year ended 31 March 2023 for the year ended 31 March 2023 Pathways Trust Financial Statment Pathways Trust
4 Cash at bank and in hand Current Account Saving Account 5 Creditors and accruals Loans and overdrafts Creditors Accruals	2023 £ 8,984 13,423 22,407 - 2023 £ -	2022 £ 21,164 - 21,164 2022 £ -
6 Related party transactions Trustee expenses 1a Trustee remuneration and benefits No trustee received any remuneration or benefit during this or the previous year. 2a Remuneration and benefits received by key management personnel 3 No trustee received any remuneration or benefit in this capacity during this or the previous year. No trustee received any expenses during this year or the previous year. The key management personnel of the charity include the trustees and Chief Officer. The total employee

	Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2023 Pathways Trust Financial Statment Pathways Trust	Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2023 Pathways Trust Financial Statment Pathways Trust	Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2023 Pathways Trust Financial Statment Pathways Trust	Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2023 Pathways Trust Financial Statment Pathways Trust	Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2023 Pathways Trust Financial Statment Pathways Trust	Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2023 Pathways Trust Financial Statment Pathways Trust
	2023 Unrestricted funds £ Income Patients Fee 22,132 Grants and donations 10 Herb & Vitamin Sales 75 Other Income 105 Total income 22,323 Expenditure Administrative Work 4,344 Finance Work 1,080 Practitioner Work 6,707 Rent/Premises Costs 3,397 Premises refurbishment - Website & Internet Network 1,165 Advertistment 279 Project Delivery - Serveyor - Cleaning Service 310 Office Equipment & Furnishing 325 Bank Account Fee 72 Postage - Practitioner Meeting 150 Training - Purchase of Treatment Supplies 629 Insurance 236 Utilities 1,445 DBS check - Digital Payment Fee - Open Day - Total expenditure 20,138 Net gains/(losses) on investments - Net income / (expenditure) 2,185 Transfers between funds (10) Other recognised gains/(losses): Gains/(losses) on revaluation of fixed - Other gains/(losses) - Net movement in funds 2,175 Fund balances brought forward 20,232 Fund balances carried forward 22,407		2022 Unrestricted funds £ 19,896 20 86 3 20,005 14,273 720 9,389 3,016 - 718 275 - - 280 313 96 - 45 30 409 212 - 100 235 - 30,111 - (10,106) (700) - - (10,806) 31,038 20,232	2023 Restricted funds £ 5,535 1,334 6,868 - - 6,573 - 938 - - - - - - - - - - - - - - - 300 7,811 - (943) 10 - - (933) 933 -	2022 Restricted funds £ - 6,920 - - 6,920 500 - - - 6,025 - - 5,685 - - - - - - - - - - - - 152 12,362 (5,442) 700 (4,742) 5,675 933	2023 Total funds £ 22,132 5,545 75 1,439 29,191 4,344 1,080 13,280 3,397 938 1,165 279 - - 310 325 72 - 150 - 629 236 1,445 - - 300 27,949 - 1,243 - - - 1,243 21,164 22,407	2022 Total funds £ 19,896 6,940 86 3 26,925 14,773 720 9,389 3,016 6,025 718 275 5,685 - 280 313 96 - 45 30 409 212 - 100 235 152 42,474 - (15,549) - - - (15,549) 36,713 21,164

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 19.01.2024 and signed by Gwyneth Deakins on behalf of all trustees

Trustee

Independent Examiner's Report

To the Management Committee of Pathways Trust Financial Statements of Pathways Trust for the year ended 31 March 2023

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 2022 (“ 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 14/11/23