## 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**
**+44 020 8980 6300 pathwaystrust95@gmail.com 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
**----- Start of picture text -----**
Patients Fee, 22,132, 76%
**----- End of picture text -----**
**----- Start of picture text -----**
Grants and Donations,
5,545, 19%
Others, 1,439, 5%
**----- End of picture text -----**
## Income April 2021 - March 2022 Total £26,925
**----- Start of picture text -----**
Grants and Donations,
6,940, 26%
Patients Fee, 19,896, 74%
Others, 89, 0%
**----- End of picture text -----**
**ANNUAL REPORT 2022 / 23**
**04 /15**
## Charity Statistics
## Expenditure April 2022 - March 2023 Total £27,949
**----- Start of picture text -----**
Practitioners Work,
13,280, 45%
**----- End of picture text -----**
**----- Start of picture text -----**
Admin & Finance Work,
5,424, 19%
Rent & Utilities, 4842,
17%
Website & Internet, 1165,
4%
Others, 4,403, 15%
**----- End of picture text -----**
## Expenditure April 2021 - March 2022 Total £42,474
**----- Start of picture text -----**
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%
**----- End of picture text -----**
**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