April 23 - March 24
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 past year has been a challenging time for Pathways Trust. Severe flooding and damage to our premises have significantly impacted the charity's income. To make matters worse, instead of receiving subsidies to help with the condition of our building, we are now facing increased costs as the Church has raised our rent and utility bills.
At the same time, we’ve been working tirelessly to support vulnerable clients who have been deeply affected by the previous government’s harsh austerity measures—all while struggling to stay afloat ourselves. As a result, Pathways Trust is currently spending more than we are earning.
Despite these difficulties, the year hasn’t been without its successes. We secured vital funding from the Wakefield and Tetley Trust, which will support us through December 2024. Additionally, we held a successful Open Day event, the first since 2022, which generated an increase of interest in our services and provided a valuable platform for outreach and promotion.
Looking ahead, it’s crucial for us to consolidate our presence in Tower Hamlets and build stronger connections with the local community. A significant portion of our clients are of South-East Asian heritage and raising awareness about Pathways Trust as a charity will encourage greater donations and support.
ANNUAL REPORT 2023 / 24
01 /13
Report of the Trustees
Review of activities
Key activities
Pathways Trust has always been and remains committed to, providing affordable complementary health services for the people of Tower Hamlets and the surrounding boroughs.
Despite the challenges posed by the ongoing costof-living crisis, we have continued to keep our services accessible. Subsidized fees for those on low incomes or unemployed remain at an affordable £35 per therapy session, while other fees have increased by only 10%.
In addition to this commitment, Pathways Trust has recently received much-needed funding from the Wakefield and Tetley Trust.
In September 2024, we hosted a highly successful Open Day, offering free mini taster sessions in exchange for a minimum donation of £5. This event was well-received and helped us further connect with the community while raising valuable funds for our services.
Fundraising
We continue to work hard to secure funding and recognize the need to think creatively. This includes engaging with both local communities and local governments to support our mission.
Recently, we received a small grant from the Wakefield and Tetley Trust. This and HIYB (Happy In Your Body) fund have been made possible through the dedicated research and expertise of Tish, the Director and Founder of HIYB, a nonprofit community project which we have partnered with over the past few years.
ANNUAL REPORT 2023/24
02 /13
Charity Statistics oO Income April 2023 - March 2024 Total £36,496 Grants and Donations, £8,538, 23% Patients Fee, £27,645, 76% Others, £313, 1% e Income April 2022 - March 2023 Total £29,191 Grants and Donations, £5,545, 19% Patients Fee, £22,132, 76% Others, £1,439, 5% e ANNUAL REPORT 2023/24 03/13
Charity Statistics _ Expenditure April 2023 - March 2024 Total £32,128 Practitioners Work, £18,795, 58%
----- Start of picture text -----
Admin & Finance Work,
£5,138, 16%
Rent, £3,137, 10%
Others, £3,098, 10%
Project Delivery, £1,960, 6%
Expenditure April 2022 - March 2023 Total £27,949
Admin & Finance Work,
£5,424.00, 19%
Practitioners Work,
£13,280.00, 45%
Rent & Utilities,
£4,842.00, 17%
¥v Website & Internet,
£1,165.00, 4%
Others, £4,403.00, 15%
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ANNUAL REPORT 2023 / 24 04 /13
Funding Details Pathways Trust oe Cambridge Health Rd, London, E2 9PA Ch HIYB Happy In Your Body, a not-for profit community addressing health inequalities in Tower Hamlets by offering free and low-cost creative health service. It provided the fund, total £3,020, for complementary health sessions Complementary Health Sessions, £2,400, 79% =n Equipment/ Admin , £300, 10% Additional Complementary Health Sessions in Spring, £320, 11% Ge Pathways Trust ANNUAL REPORT 2023 / 24 05 /13
Funding Details oo Wakefield and Tetley Applied through HIYB project, the fund, total £3,580, provided additional complementary health sessions and project management expenditures
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Coaching, £1,280, 36%
Complementary Health
Sessions, £1,920, 54%
Room Hire (Pathways
Trust operational cost),
£180, 5%
Project Management,
£200, 5%
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06 /13
ANNUAL REPORT 2023 / 24
PATHWAYS TRUST
April 23 - March 24
Financial Statement P A T H W A Y S T R U ST
Pathways Trust Financial Statment Pathways Trust
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 31 March 2024
| Notes Income from: Patients Fee Grants and donations (2) Herb & Vitamin Sales Other Income Total income Expenditure on: Rent/Premises Costs Practitioner Work Website & Internet Network Finance Work Door Administrative Work Advertistment Bank Account Fee BT Business DBS check Training Serveyor Cleaning Service Office Equipment & Furnishing Project Delivery Practitioner Meeting Insurance 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) |
2024 Unrestricted funds £ 27,645 2,118 - 313 30,076 3,137 14,155 728 630 213 4,508 554 60 - - 60 - 683 513 180 - - - 25,708 - |
2024 Restricted funds £ - 6,420 - - 6,420 - 4,640 - - - - - - - - - - - - 1,780 - - - 6,420 - - - - - - - - |
2024 Total funds £ 27,645 8,538 313 36,496 3,137 18,795 728 630 213 4,508 554 60 - - 60 - 683 513 1,960 - - - 32,128 - 4,368 - - - 4,368 22,407 26,775 |
2023 Total funds £ 22,132 5,545 75 1,439 29,191 3,397 13,280 1,165 1,080 - 4,344 279 72 - - - - 310 325 - 150 236 300 27,949 - 1,243 - - 1,243 21,164 22,407 - check |
|---|---|---|---|---|
| 4,368 - - - 4,368 22,407 26,775 |
All incoming resources and resources expended derive from continuing activities.
07/13
Pathways Trust Financial Statment Pathways Trust
Balance sheet
| Balance sheet | ||||
|---|---|---|---|---|
| as at 31 March 2024 for the year ended 31 March 2024 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 |
2024 Unrestricted £ 26,775 26,775 - - 26,775 26,775 26,775 - 26,775 |
2024 Restricted £ (0) (0) - (0) (0) - - - |
2024 Total £ 26,775 26,775 - 26,775 26,775 26,775 - 26,775 |
2023 Total £ 22,407 |
| 22,407 | ||||
| - | ||||
| 22,407 | ||||
| 22,407 | ||||
| 22,407 - |
||||
| 22,407 |
For the year ending 31 March 2024 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).
The financial statements were approved by the board of trustees on …………..……...…….
Signed: ……………...………….…. (Trustee)
Name: ……………..…..………….
08/13
Pathways Trust Financial Statment
Pathways Trust
Notes to the accounts
for the year ended 31 March 2024
for the year ended 31 March 2024
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.
09/13
Pathways Trust Financial Statment
Pathways Trust
Notes to the accounts continued
for the year ended 31 March 2024
for the year ended 31 March 2024
| Notes to the accounts continued for the year ended 31 March 2024 for the year ended 31 March 2024 |
|||||
|---|---|---|---|---|---|
| 2 Grants and donations Wakefield Grant HIYB London Borough of Tower Hamlets Discretionary Grants Scheme Gift Aid Other Donations 3 Restricted funds Project Delivery |
Balance b/f £ (0) (0) |
2024 Unrestricted funds £ 100 - 1,818 200 2,118 Incoming £ 6,420 6,420 |
2024 Restricted funds £ 3,400 3,020 - 6,420 Outgoing £ 6,420 6,420 |
2024 Total funds £ 3,400 3,120 - 1,818 200 8,538 Transfers £ - - |
2023 Total funds £ 5,535 - 10 |
| 5,545 | |||||
| Balance c/f £ - |
|||||
| - |
Grant/Fund name
Purpose of restriction
HIYB
Happy In Your Body, not-for profit community addressing health inequalities in Tower Hamlets by offering free and low cost creative health service. It provided the fund for complementary health sessions
Wakefield Grant
Applied through HIYB project, the fund provided additional complementary health sessions and project management expenditure.
4 Cash at bank and in hand
Current Account Saving Account
| 2024 £ 13,058 13,717 26,775 - |
2023 £ 22,407 - |
|---|---|
| 22,407 | |
10/13
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 2024
| 2024 Unrestricted funds £ Income Patients Fee 27,645 Grants and donations 2,118 Herb & Vitamin Sales - Other Income 313 Total income 30,076 Expenditure Practitioner Work 14,155 Administrative Work 4,508 Rent/Premises Costs 3,137 Website & Internet Network 728 Cleaning Service 683 Finance Work 630 Advertistment 554 Office Equipment & Furnishing 513 Purchase of Treatment Supplies 289 Door 213 Bank Account Fee 60 Training 60 Premises refurbishment - Project Delivery 180 Practitioner Meeting - Insurance - Utilities - DBS check - Open Day - Total expenditure 25,708 Net gains/(losses) on investments - Net income / (expenditure) 4,368 Transfers between funds - Other recognised gains/(losses): Gains/(losses) on revaluation of fixed - Other gains/(losses) - Net movement in funds 4,368 Fund balances brought forward 22,407 Fund balances carried forward 26,775 |
2023 Unrestricted funds £ 22,132 10 75 105 22,323 6,707 4,344 3,397 1,165 310 1,080 279 325 629 72 150 236 1,445 - 20,138 - 2,185 (10) - - 2,175 20,232 22,407 |
2024 Restricted funds £ 6,420 6,420 4,640 - - - - - - - - - - - - 1,780 - - - - - 6,420 - - - - - - (0) (0) |
2023 Restricted funds £ - 5,535 1,334 6,868 6,573 938 300 7,811 (943) 10 (933) 933 - |
2024 Total funds £ 27,645 8,538 - 313 36,496 18,795 4,508 3,137 728 683 630 554 513 289 213 60 60 - 1,960 - - - - - 32,128 - 4,368 - - - 4,368 22,407 26,775 |
2023 Total funds £ 22,132 5,545 75 1,439 |
|---|---|---|---|---|---|
| 29,191 | |||||
| 13,280 4,344 3,397 1,165 310 1,080 279 325 629 - 72 - 938 - 150 236 1,445 - 300 |
|||||
| 27,949 | |||||
| - | |||||
| 1,243 - - - |
|||||
| 1,243 21,164 |
|||||
| 22,407 | |||||
| 11/13 |
Pathways Trust Financial Statment Pathways Trust
Reserve Policy & Risk Management
for the year ended 31 March 2024
for the year ended 31 March 2024
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.
The financial statements were approved by the board of trustees on …………..……...…….
Signed: ……………...………….…. (Trustee)
Name: ……………..…..………….
12/13
Pathways Trust Financial Statment Pathways Trust
Independent Examiner's Report
for the year ended 31 March 2024
for the year ended 31 March 2024
To the Management Committee of Pathways Trust Financial Statements of Pathways Trust for the year ended 31 March 2024
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 16/12/24
13/13