2023-03-31-accounts - St Vincent De Paul Society (England And Wales)

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$TI¢£ Alql)un lainlllosciifvyod o Rcsniadan cololjrolio es "Hunt down poverty in ordertogive humanity its dignity.

SUPPORTIN TIMES OF CONFLICT,, INFANT FEEDING PROGRAMME, NYARJWA, SOUTH SUDAN TliTr Nyorlwa btJl)v al younLJ cl'iildronfooding ccntra Is situutcd iii ciilopiivod.l.ural arou and provld6%%fc)od and Livsenliul iiutriklonal upi)IG'inonl5 for cliildroii to rG.duBc muli)uts.Ition. Tl)o contro OPL'llth thrco duy% uwook loocis approximotoly 300 01)ildrcn dully ILiiiclod bv tliu SVP. In May 2rj22.lliu SVP oI)lri.500 to holp reiiovatc tl)u kittyhoii VqLllI)niont uiid cl)ildroi)'s pluygroui)d.

ElaIne Heyworth	Ongoing Trustee	National President
Steve Gill	Incoming Trustee	Senior Vice President
Mark Branch	Incoming Trustee	National Treasurer
Winston Wailer	Incoming Trustee	Membership Strategic
llz Creevy	Inoomlng Trustee	Membership Spirituality
Clare O'Brien	Incoming Trustee	Property Porffolio
Gusfavc Vas Falcao	Incoming Trustee	Social Justice
Monica Chidgey	Incoming Trustee	Safeguarding
Nasha Pierre	incoming Trustee	General Portfolio
Anita Motha	Incoming Trustee	General Portfolio
Mark Thompson	Continuation Trustee	General Portfolio
Susan Roberts	continuation Trustee	General Porffolro
Dermot McGillcway	Continuation Trustee	General Portfolio

Iloalthy14olMay% scl Dool Cnntro NDWPQ

469 Frknd8ofU)aSVP. £48,000 iii motcli fLiiidii)g for our api)eals £128.900 in donotions ree8ivèd for our genoral work Logacy Ambc8dorS UMNI£R ' UMMEII £225.586 17 Tul8ed kn t•go¢y t0pPort deliglited raflle wlnna

VOltOr$ fr NOWL'U 28

				Unrestricted	Restricted	Endowment		2D23	2022
				Funds	Funds	Funds		Total	Total
			Note					6
Income
Donations r)nd legacies				6,230,686	907,967		6,138,642		6,942,974
OtHer trading activities				172,348				172,349	38,722
Income from Investments				222,241	32,828			266,07D	204113
Income from charitable activities:
Retail Income				3,821,447			3,821,447		3.482433
Holidays and camps				'166,866				166,886	79,016
Residential provision				Z341,978			2,341,878		2,099,879
community Euppo)t Projects				349,434				349,434	240,616
Social Enterprise Activities				838,673				838,673	666,880
Youth Development				22,412				22,412	8,373
Other income				228,868				226,968	662,078
Totallncome			4	13,281,843	940,788		14,222,728		13,223,783
Expenditure
Elrpendlture on raising funds			5	786,064				Tss,oss	486,726
Expenditure on charitable	activities;
visits 5.assistance to individuals		and families		3,076,831	608,373		3,686,304		3,167,622
Retail				3,819,343			3,618,343		3,646,899
Holidays and camps				448,166				446,168	260,843
Residential provision				2,362,669			2,362,689		2009.878
Community Support Projects				2,286,808			2,288,8DB		1,887416
Eooial Enterprise Activities				888,488				BS9,48S	670,373
Youth Development Programme				347,167	(87)			347,100	211,393
Twinning				416,344	364,837			770,281	698,409
Total expenditure			5	14,418,948	864,263		16,281,198		12,698,668
Nst (losses) /gains on Investmsnts			14	(83,471)		(94,889)	(188,340)		I71,942
shareof(loss)/prostlnjointly			rs
controlled entitlos Net (espendlture)/inoome				(12,840) ~(),	,	~e,	r.	(12,840) . )	126261
Transfers between funds			23	624,887	(624,987)
Actuarial gains on defined	benefit
pension scheme					216,000			216,000	143,000
Net movement Infunds
Funds atthe start ofthe year			23	8,076,030	3,688,340	1,141,878	13,806,248		12,739,320
Funds at the end ofthe year			23	8,368,703	3,364,888	1,047,009	12,760,698		13,805,248

				croup 2023	Charity 2023	croup 2022	Charity 2022
			rfrxc				6
Fixed assets
Tangible fixed assets Mixed motive Investment Investments		Freehold Property	124l3	2,406,020 1,081,626 2,466,686	2,389,226 1,081,826 1,460,270	2,422,522 673495 2,839,449	2,422,622 673,496 t520,936
Investments in subsidiaries					1		I
Investments in joint ventures				123,429		136,269
				8,087781	4,911,122	6,671736	4816964
Current assets
Stock				15,680	5,641	11,900	10,344
Debtors			e	842,736	1,146,186	1,029,849	1101236
Cash at bank and In	hand			6,814,086	6,609,284	7,435,701	7,301,368
				7,672,401	7,761,010	6,477,250	8,412,838
Creditors: amounts	falling due within Iyear		20	686,284	735,682	543,737	496,465
Net current assets				6,888,117	7,026,328	7,933,613	7,917473
creditors: amounts	faglng due after more than 1year		2I	283,280	293,280
Total assets less current		lla bi 6 ties		12,780,688	11,643,170	13,605,246	12,534,427
Defined benegt scheme		pension asset/(liability)	22
Net assets				12,760,688	11,843,170	13,805,248	12,534,427
Funds
Endowment funds				'I,047,008	181,168	1,141,876	196,656
Restricted funds				3,364,888	3,160,498	3,688,340	3,488,861
unrestricted funds.
Revaluation reserve				525,477	826,477	825,477	825,477
Designated funds eeneralfunds				6,391,433 1,361,793	8,368,933 1,317,104	4,537723 3,911830	4,678,443 3,664,898
Totalfunds			24	12,780,698	11,643,170	13,806,248	12,534427

forthe year ended 31M	arc	h 2023
						2023	2022
					Note
Net cash(usedln)/provided	by operating activities					(684,366)	871531
Net cashusedinby investing	actlvltles					(360,630)	(3299)
Net cash provld ed b'y fina nolng		activities				293,280
(0ecrease) /Increase in cash	In	the year				(621,815)	888,322
Reoonclliation ofnet cash floWto movement			in net	funds
(Decrease) / Increase ln cash	for	the year				(621,615)	888,322
Net funds at beginning ofyear						7,436,701	8,667,379
Net funds atend ofyear					c	9,814,086	7,436,7DI
a.Reconclgation ofnet cash used in operating			activities
Net (expenditure) / income before revaluations						(1,068,470)	826226
Investment income						(266,070)	(204,113)
Depreciation						200,072	199,200
Loss /(Profit) on disposal offixed		assets				8,322	(373,322)
Defined benefit scheme net Interest expense						(koo0)	(zooo)
current service cost in excess	of	employer contributions				218,000	107,0D0
Inorease /(Decrease) in creditors						142,647	(60,701)
Deorease in debtors						186,914	670,481
Increase in stocks						(S,BBO)	(209)
Net cash(usedln)/provldodby		operating activities				(664,366)	871,631
b.Net cash used in Investing activities
Investment inoome						266,07'0	204.83
Prcceeds from Sale oflisted investments						170,820	97.62
Purchase cfinvestments						(167,680)	(299,789)
Decrease in Revive investment	portfolio						186,981
(Increase) / Decrease in cosh held within investment				portfolio		(8,817)	23,681
Prooeeds fram sale offixed assets							64o,ooc
Purchase oftangible fixed assets						(600,023)	(734,187)
						(s60,630)	(3209)
c.Analysis ofNet Funtls
					As Clt		Asat
					01Apr2022	Cash flows	3114ar2923
Cash at bank and in hand					7,436,701	(621,816)	8,814,086
					7,436,701	(621,616)	6,814,086

attributable toeach activity.
Visits 6assistance to individuals
and families				36%
Shops and furniture stares				24/
Holidays and camps				6%
Residential provision				6/
Twinning				3/
Youth development programme				4%
Support centres				10/
Expenditure on raising funds				4%
			100%
h) Fixed assets
Assets are capitalised at cost,as detailed in		note		12.
Depreciation is provided at rates calculated to write down the cost ofeach asset to its estimated
residual value over its expected depreciation rates in use are as	useful life, The follows:
Freehold property	2%straight	line
Leasehold property	over the period		of
	theleass
Computer equipment	33%straight	line
Furniture and equipment	20/ straight	line
Motor vehicles and caravans	20%straight	line

2.DONATIO	NS AND	LEGACIE	S
			unrestricted	Restricted	Endowment	2023	2022
			Funds	Funds	Funds	Total	Total
Members' contributions			307,247			307,247	316,207
Church collections			806,020	46,218		661,238	604,643
Legacies			937,619	10,180		947,868	954264
Other fundralsing	activities		186,788	283,122		488,920	324,176
Other donations	cnd voluntary	grants	3,186,101	668,487		3,743,668	3,944,696
			6,230,686	807,867		6,138,842	5,942,974
			unrestricted	Restricted	Endowment	2022
			Funds	Funds	Funds	Total
Members' contnbuticns			316,207			316,207
Church collections			477,761	26,662		504,843
Legacies			667,696	196,BB9		664,264
other fundralsing	activities		176,460	148,725		324,175
Other donations	and voluntary	grants	3,441,510	503,176		3,944,666
			6,067,623	67e,4el		5.942,974

			Unrestricted	Restricted	Endowment	2023	2022
			Funds	Funds	Funds	Total	Tata I
Trading	activities		116,040			116,040	37,087
Income	from national	raffle	67,309			67,309	1,635
			172,349			172,348	38,722

4.TOTAL INCOMING	4.TOTAL INCOMING	4.TOTAL INCOMING	4.TOTAL INCOMING	4.TOTAL INCOMING	RESOURC	ES FOR THE YEAR
This is stated after including					the following	main grants:
							2023	2022
Visits 8assistance		to	individuals		it families
Porta Pia							36,000	36,000
Pottlcus							12,166	28,357
Shops 8 furniture	stores
Sheffleld City Council-			Voluntary		Sector Grants	Fund	63,283	53,293
Other grants received			(Under	F10,000)				8,980
Supportcentres
Other grants received			(Under	EIO,ODD)			272,969	143,655
National Citizens Advice							110,191
Wirral BC							81,147
LNER							76,000
EUSettlement Scheme							43,650	38,070
Material Focus for	Social Enterprise						39,824
Leeds City Council							36,780
St Mary's University		Sunderland					30,350
Leeds Community	Foundation						27,000	39,852
Charities Trust Grant							26,000
Southend on Sea CIB							22,422
Alive in Faith Grants		for	SVP Trading				20,000
Newcastle Community			Foundation				16,460	12,6DD
Barbour Foundation							15,000
Newcastle CC							10,000
Land Securities							10,000
NHS Mid 8South							10,DOO
Lottery Funding								63,029
Homeless Link Grant								1,600
Veolla								20,400
Shared Space								12,0DO
Gateshead Council		community		Grant				12,000
Jersey Grant								30,000
Welsh Government		Grant						25,000
Leeds Mencap								26,333
University ofLeeds								17,150
Leeds CEV								10,000

					unrestricted	Restricted	Endowment	2023	2022
					Funds	Funds	Funds	Total	Total
Staffcosts					352,888			352,898	269,103
Other staff and volunteer			expenses		14,153			14,183	10,598
Fundraising expenses					30,761			30,781	10,438
Trading activities					22,836			22,838	16,MB
investment managers'		fees			e,ses			9,868	10,160
Property expenses					73,309			73,308	23,037
Office expenses					67,343			67,343	18,070
Othel'costs					106,683			108,653	80,333
Support costs (note 8)					88,526			98,626	78,328
					788,064			766,064	486,726
All the abave expenditure			was from unrestricted		funds in both periods.
6.EXPENDITURE
					Staffcosts	erants	Other	Supportcosts
					(note 8)	(note 9)	direct costs	(note 10)	Total
						r		E
Expenditure on raising		funds (note		5)	362,896		314,834	98,626	786,054
Charitable aatlvltles:
Visits 5assistance to		individuals		and families	24$,511		2,366,632	978,261	3,888,304
Retail					1,947,861		1,197,470	674,012	3,818,343
Holidays and camps							27s,se7	187,888	448,158
Residential provision					1,778,337		$72,602	21'1,730	2,352,669
Community Support	Profscts				1,295,630		702,886	28e,390	2,286,908
Social Enterprise Activities					626,426		213,913	tse,tse	898,488
Twinning					63,499	844,686	2,820	88,378	770,281
Youth Development	Programme				'174,488		81,626	1'11,006	347,100
Total charitable activities					8,019,731	644,688	6,196,315	2,866,612	14,616,146
Supportcosts					1,584,023	68,806	1,011,207	(2,764,036)
					8,068,649	703,382	5,621,167	I	16,281,199
Fxpenrliture on mixing		firnds (note		li)	759103		149,296	78,328	486,727
Charitable activities:
Visits 5assistance to		individuals		and families	224,896		2,205130	726,696	3,167,521
Retail Income					1,761865		1,048,802	748,444	3,646,901
Holidays and camps							139,484	81,368	260,842
Residential provision					1,531,014		308778	170,085	2,009,877
community Support	ProJects				1,047,643		466,480	163,392	1,667,416
Social Enterprise Activities					364415		138,927	59,031	670,373
Twinning					61.562	692,886	2,050	61,512	695,409
Youth Development	Programme				104,709		13,466	93QIB	25,393
Total charitable activities					5,076,894	592,885	4,322,1i9	2,121,933	12112831
Support costs					1,314,696	17,463	868,212	(2200,251)
					6,649,693	810,338	6,338,827		12,698,668

This is stated after		charging:
				2023	2922
				Total	Total
Depreciation				200,072	199,200
Trustees' indemnity	insurance			3,900	3,900
Trustees' remuneration
Trustees' reimbursed		expenses		3,978
Aud9or's remuneration		(excluding	VAT):
Statutory audit				36,000	30,900
Prior year audit fees				2,000	6,900
Operating lease rentals:
Pf'operty				808,448	712,492

B.STAFF COSTS AND NUMBERS Staff costs were as follows:
	2033	2922
	Total	Total
	r
Salaries and wages	6,726,971	5,656,074
Social security costs	669,262	421,367
Pension contributions	760,416	572152
	8,066,649	6,649,693

			2023	2022	2023	2022
Visits 3,assistance to individuals		and families
Shops and furniture stores			202	175	94	73
Residential care and approved		premises	84	63	36	33
Youth programme			6	5	6	3
Support centres			68	63	31	26
Saclal Enterprise	Activities		39	33	21	IB
Twinning			3	6	2	2
Fundraising			26	16	16
Support staff				51	33	26
Govemanoe			14	13	ll	10
			470	407		202

othercountrie	s
	.		2023	2022
			Total	Total
SVP India			222,016	242,033
Indian student	scholarships	programme	49,814	86,567
SI/P Sudan			88,622
SVP south Sudan			136,173	96,445
SVPRomania			7,760	10,900
SVPGrenada			19,620	10,300
SVPGuyana			11,036	3,960
Payments from	disaster fund:
Lebanon			2,000	2,000
CGI Covid				B,BSO
Twinning projects			20,281	123.113
Ukraine			134,049
South Africa			6,843	9,250
Vincentian Volunteers			6,000	6,000
Council General International			23,188	9.453
			703,392	610,338

'IO. SUPPO	RT C	O	STS
					2023	2022
					Total	Total
Staff costs					1,288,158	993,143
Other staff and	volunteer		expanses		108,786	75,122
office costs					246,517	216,872
Premises costs					187,882	166,372
Bank charges					67,624	26,393
Deprsolation					28,864	39,022
Legal and professional		fees			104,237	82.847
Other costs					209,736	192,332
Governance costs					666,232	429,158
					2,764,039	2200,261
Support costs	included		the following expenditure	on governance:
Staff costs					416,866	331,453
Other staff and	volunteer		expenses		16,822	1,382
Auditors fees and expenses:
Net audit fee (note 7)					36,000	30,000
Disbursements	s,other		Services		3,000	1,130
Irrecoverable	VAT				7,267	3,913
Over / under accruals						8,900
Other professional fees					64,153	46,288
Board expenses					26,718	6,707
Other costs					8,407	2,427
					666,232	429,159

		Leasehold		Motor
	Freehold	property and	Furniture and	vehicles and
	property	improvements	equIpment	camvans	Totals
COST
At the start ofthe year	2,379,037	1,374,518	991,414	214,079	4,968,148
Additions in year	428,649	33,765	TI7,518	20,200	800,023
Dlsposals in year			(8,882)	(4000)	(12,882)
At the snd ofthe year	2,807,688	1,408,374	1,100,050	230,279	6,648,288
OEPRECIATIOTT
At the start ofths year	279,898	671,606	815,874	196,764	1,883,131
Charge forthe year	33,586	68294	89,014	9,179	200,072
Dlsposals In year			(3,768)	(804)	(4,6eo)
At ths snd of ths year	313,483	639,899	901,132	204129	?,068,643
TTETBOOK VALUE AT 31MARCH 2023	2,494,103	Tes,476	198,918	26,160	3,487,846
Long leasehold		788,476
Short lsosshold
		788,476
TTETBOOK VAlUE AT 31MARCTT 2922	2,088,138	803,013	176,640	18,326	3,088,017
Long leasehold		803,013
Shortlsasshold
		803,013

)4.INVESTMENTS
		Gl'oup	charity	Group	Charity
		2023	2023	2022	2022
Market value atthe start ofthe year		2,639,449	1,620,936	2258,391	L239,590
Opening Cash Account adjustment		(23,076)	(23,D76)	(45,837)	(46,637)
Other Movements		(7)	42,727
Additions at cost		167,680	167,680	299,789	299,769
Disposal at market value		(170,820)	(170,820)	(97,112)	(94,633)
Realised (losses) / gains		(6,621)	(6,621)	8,9OD	6,840
Unrsa liked (losses) /gains		(181,818)	(102,448)	166,033	92,911
		2,424,783	1,428,377	2,616,373	1,497,860
cash held with Investment managers		31,883	31,893	23,075	23,075
Total invsstmsnt portfolio market value		2,466,666	1,460,270	2639449	152O.935
Historic cost atthe year snd		198,826	202,236	209,686	20,995
All the investments ars listed on	a recognised	stock exchange and are intended		to provide an	investment
return Investments representing	over 5%by value ofthe portfofio, as		above, comprise:

				Group	Charity	Group	Charity
				2023	2023	2D22	2022
Catholic	Fund	at	COLA	1,207,864	460,084	1,301,505	455,955

section 408 ofthe Companies Act 2005.The relevant fig charity were:	ures for the year ended 31March forthe p	arent
	2023	2022
Grossincoms	13,902,623	L3,078,509
(Dsscit) / surplus for the year	(891,267)	1,249,596

The Pen-Y-Pound House Fund (Capital and Income)
	2023	2022
Incoming resources	14,143	3,020
Charitable expenditure	(42,803)	(107738)
Net outgoing resources forthe year	(28,860)	(104,7I8)
unreolised (losses) / gains	(36,876)	31,431
Net movement in funds	(64,636)	(73287)
Funds brought forward	482,719	636,008
Funds carried forward	388,184	482,7I9
The aggregate ofthe assets, liabilities and funds was:
Investments	468,163	SO4,O28
Nst current assets	(ea,aee)	(41,309)
	388,184	462ne
Funds:
Endowment fund	388,147	424,022
Income fund	10,037	38,697
	398,184	462,7l9

David Young's Charity
	2023	2022
Incoming resources	9,937	8,415
Charitable expenditure	(11,316)	(12,008)
Net outgoing resources for the year	(1,378)	(2593)
Unrealised (losses) / gains	(21,288)	21,246
Realised (losses) / gains		se
Net movement in funds	(22,877)	21,722
Funds brought forward	286,081	246,359
Funds carried forward	242,404	266,081
The aggregate ofthe assets, liabilities and funds was:
Investments	238,636	269,936
Net current assets	3,788	6,146
	242,404	266,081
Funds:
Endowment fund	188,088	209,387
Restricted fund	64,318	66,694
	242,404	266,081

David Young's Chorlty iscontrolled by figures inoluded in these consolidated	David Young's Chorlty iscontrolled by figures inoluded in these consolidated	David Young's Chorlty iscontrolled by figures inoluded in these consolidated	ths Society asthe Society appoints accounts are forthe year ended 31	ths Society asthe Society appoints accounts are forthe year ended 31	the Trustees ofths charity December 2022as this is	The the date
towhich the subsidiary	prepares their		accounts; there have been	no material changes in the three		months
to 31March 2023.The Trust's main		objective isthe relief ofhardship		ordistress by making grants ofmoney.
T8Hunt Trust Fund
					2023	2022
Incoming resources					8,749	13,150
Charitable expenditure					(4,741)	(3200)
Net incoming resaurces forthe year					4,008	9,950
Unrealised gains					(22,186)	19,446
Net movement in funds					(16,187)	29,395
Funds brought forward					337,848	306,451
Funds carried forward					319,869	337,846
The aggregate of tite assets, Sabilitles		and	funds was:
Investments					289,827	311,822
Current assels					30,032	26,024
					318,669	337,846
Funds:
Endowmentfund					288,818	311,811
Income fund					30,043	28,036
					318,869	337,846

			Liid
The StVincen	t	de	Paul Society (England and Wales) Trading mte	2023	2022
Turnover				287,277	69,688
Cost ofsales				(23,651)	(16,569)
Gross profit				283,728	104,120
Administrative	expenses			(230,626)	(70,364)
operating profit		for	the financial year	33,101	33738
Interest payable				(74o)	(740)
				32,361	32996
Gift aid toparent undertaking				(16,386)
Net profit				18,988
The aggregate		ofthe assets, Iiabilties and funds was:
Fixed Assets				36,796
Current assets				150,888	90,917
Creditors: amounts			falling due within one year	(163,740)	(74,130)
				33,762	18,787

18.INVESTMENTS	IN JOINTLY CONTROLLED ENTITIES	IN JOINTLY CONTROLLED ENTITIES	IN JOINTLY CONTROLLED ENTITIES	IN JOINTLY CONTROLLED ENTITIES
The charity is a member	of Revive	Leeds CIC,	acompany	limited by guarantee,	and jointly	controls the
entity via a Members' agreement		with the other members		ofthe company. This agreement		stipulates
that profits made are distributed		to split evenly. The SVP's		share ofthe assets and liabilities		ofthe jointly
controlled entity is505	during the	year.
						2023	2022
						5
Value ofshare In Jointly Controlled Entity- brought			forward		138,286		176,989
Share ofprofit for the year					108,421		125,261
Share ofprofit distributed					(121281)		(165,981)
Valuation carried forward					123,429		136289
Related party transactions	are shown	in note 26.

19.DEBTORS
	Group 2023	Charity 2023	Group 2022	charity 2022
		F.
Trade debtors	177,476	168,088	263,129	231,664
Other debtors	2,082	123,780	168,947	240,569
prepayments Accrued Income	461,246 137,246	466,113 137,246	389,262 171,815	399,668 17I,616
other taxatlon and social security	74,688	82,783	47,606	47,764
Amounts due from subsidiaries		178,198		9,876
	842,736	1,148,185	1,029,649	1,101,238

20.CPEDITORS: AMOUNTS FALL	ING DUE WITHIN O	NE YEAR
	Grcup	charity	croup	Charity
	2023	2023	2022	2022
Trade creditors	272,420	328,261	276,120	266,466
Other creditors	38,286	SI,SSS	st276	36,327
Other taxctlcn and social security	138,366	138,366	93,376	93,376
Accruois	239,244	208,611	63.963	Iis,306
	888,284	736,682	643,737	496,466

2I,CR	ED	ITORS	: AMOUNTS FALL	ING DUE AFTER MO	RE THAN O	NE YEAR
				Group 2023	Charity 2023	Group 2022	charity 2022
Mortgage	on	Freehold	Property	293,280	283,280
				293,280	293,280

				2023	2022
Principal actuarial assumptlohs
Discount rate forscheme liabilities				4.7%	2.7%
Inflation assumption (CPI)				2.7%	3.0'%
Rate ofIncrease for pensions lh Payment/Inflation				2.7%	3.0%
Rats ofincrease In salaries				42%	4.6%
The current mortality assumptions	include	sufficient allowance	for future Improvements	In mortality	rates.
The assumed remaining life expectations		on retirement age 86	are:

		2023	2022
Retiring today:
Males		2%6	218
Females		24.6	26.0
Retiring in20years:
Males		22,9	23.6
Females		26.1	28.7
Ths Society's share ofthe assets in the scheme were:
		2023	2022
Equities		51.2%	67.0%
Properties		10.5%	8.4%
Government	bonds	1.3%	2.0%
Corporate bonds		19.6%	18.8%
Multi Asset Credit		4.6'%
Cash		1.8%	t8%
Other		112%	12.0%
Total		100.0%	100.0%

Amounts recognised	Amounts recognised	Inthe statement	Inthe statement	ofhnanclal activities:	ofhnanclal activities:	2023	2622
Current service	oost					(618,0OO)	(382,000)
Interest income							126,000
Interest expense						1,000	(124,MO)
Total amount recognised			in the SoFA			(517,000)	(380,MO)
Changes in the	present value ofdefined benefit obligations				were asfollows:	2023	2022
Brought forward						6,013,000	5,910,000
Current service	cost					618,000	382,000
Interest expense						162,000	124,000
Employee contributions						66,000	47,000
Actuarial gain						(1,883,000)	(4IB,MO)
Benefits paid						(107,000)	(34,000)
carried fonvard						4,748,000	6,013,000
Changes Inthe	lair value		ofSociety's	share ofscheme assets:		2023	2622
Brought forward						6,810,000	6,872,000
Interest Income						182,000	126,000
Remeasurement	gains	on	assets			186,000	324,000
Employer oontributions						S02,000	275,000
Employee contributions						68,000	47,000
Bensfits paid						(107,000)	(34,090)
Carried forword						7,209,000	8,610,000
Fair value ofScheme Assets						7,209,000	8,610,000
Present value of	defined benefit obligations					4,749,000	6,013,000
Restrlotion on recognition			ofscheme assets			(2,480,000)	(587,OCO)
Defined benefit	pension scheme (llabgity)/asset

		Unrestricted	Restricted	Endowment	Total
		Funds	Funds	Funds	Funds
Tangible tlxed assets		3,497,848			3,487,848
Investments		1,367,782	264,071	868,262	2,880,116
Net current assets		3,796,666	3,100,816	88,747	6,888,117
Creditors: amounts	faRlng due after more than 1year	283,280			(283,280)
Pension liability
Net assets atend of	the year	8,368,703	3,364,888	1,047,008	12,780,688

	Unrestricted	Restricted	Endowment	Total
	Funds	Funds	Funds	Funcl 3
Tangible fixed assets	3,096,017			3,096,017
Investments	1.468,616	264,071	1,063,131	2,776,719
Net current assets	4,610,497	3,334,269	89,747	7,933,613
Pension liability
Net assets at end ofthe year	9,076,030	3,686,340	1,141,678	13,806249

24,MOVEMENT	24,MOVEMENT	jN FUNDS	jN FUNDS	Atthe start				Gains and	Atthe end
				ofthe year	Income	Expenditure	Transfers	(losses)	ofthe year
				0				E
Endowment funds:
Subsidiaries (note17):
David Young's Charity				209,387				(2L299)	188,088
Pen-Y-Pound House	capital fund			424,022				(35,876)	388,147
T8 Hunt 1rust capital fund				311.80				(22,105)	288,616
Charity:
The Estate of Francis	Thompson			196,868				(15,5oo)	181,168
Totalendowment funds				1,141,878				(94,868)	1,047,009
Restricted tunds:
Subsidiaries (note 17):
David Young's charity				54,757	9,037	(6,315)			63,370
Pen-Y-Pound House	capitalfund			39,697	14,143	(42,803)			10,037
T8 Hunt Trust oapital fund				26,035	8,749	(4,741)			30,043
Charity:
Approved Premises	Pension Provision			320,000			(320,000)
Approved premises,	Newcastle			143,000				216,000	358,000
8-Attitude				172		67	(220)
community Grant					26,000				26,000
Furniture stores				142,875			(142,876)
Restricted legacies				1,879,266					1,679,286
Revive Leeds							00,929		110,920
Twinning				458,879	266,011	(354,937)	(87,269)		263,683
Special restricted funds				724,062			(76,643)		84S,SIB
Other restricted funds				Bes	626,046	(460,614)			176,130
Total restricted funds				3,608,340	840,780	(064,263)	(624,es7)	216,000	3,354,886
unrestricted funds:
Designated funds.
AP Building Fund							174,366		174,368
Conference funds				2,484,269	2,337,968	(1,002,166)		(6,876)	2,914,184
CSPProject Fund							183,741		193,741
Fixed asset fund				011,634	17,734	(166,229)		(75,soo)	687,439
Nationol Shops Start up Funds							61,8B8		61,888
Revive Distribution				136269			(110,029)	(12,840)	12,600
Shops Development	Fund		(Covid Grants)	110,677			(2o73e)		ef,e3s
Social Enterprise Retained			Income Fund				149,757		140,767
St Jude's Sales Proceeds				451,eo5			(134,088)		327,908
Twinning				118,368	334,132	(405,202)	230,263		276,661
Special designated	funds:
Central Council Projects		Fund					708,679		706,679
Cost of Living Fund				107,026	184,068	(6,015)	(3,069)		282,117
innovation Fund				180,341			(63,126)		117216
Total Special designated			funds	297,366	184,066	(6,015)	839,494		1,105,911
Other designated funds				121,254	3,600		366,418		480,272
Total designated funds				4,637,723	2,077,488	(2,468,601)	1,628,130	(04,318)	6,381,433
Revaluation reserve				626,477					626,477
General funds				300830	10,404465	(9049345)	(1004152)	(0,095)	1,351,793
Total unrestricted	funds			0,076,030	13,281,843	(14,416,946)	624,887	(108,311)	8,368,703
				13,806,248	14,222,728	(16,281,188)		13,820	12,'780,688

								Golnsand	At31March
Prior year movement		Infunds		At IAprll2021	Income	Expenditure	Transfers	(losses)	2022
				E	E
Endowment funds:
6ubsidiarles (note 17):
Pen-Y-Pound House	capital		fund	392,591				31,431	424,022
T8 Hunt Trust capital	fund			292388				19,446	311,811
David Young's Charity				193,993	9,416	(12,008)		D,e67	Sce,367
Charity:
The Estate of Franols	Thompson			183,079				13,679	198,658
Totalendowmentfunds				1,062,029	9,416	(12,008)		82,442	1,141,878
Restricted funds:
subsidiaries(notet7):
Pen-Y-Pound House	income		fund	143,416	3,020	(107,738)			38,897
T8 Hunt Trust				16,086	13,160	(3,200)			26,036
David Young's Charity				51,429				3,329	64,767
Charity:
Restrloted legaoles				1,679,266					1,678,268
Furniture stores				142,676					142,876
Approved premises,	Newoastle							143,000	143,000
Approved Premises	Pension		Provision	147,142			172658		320,000
Twinning				366,460	367162	(366,631)	92,877		468,878
Community Pro)cote
8-Attitude						(IB)
Special restricted funds				648,327	176,736				724,062
Other restricted funds				431,730	323,376	(681,649)	(172,668)		688
Totalrestrlctod funds				3,626,749	802,622	(1,079,236)	82,877	148,328	3,588,340
unrestricted funds:
Designated funds:
Fixed asset fund				963,331		(i53,487)		6.690	811,634
Conference funds				2,273,006	1,740,986	(1,634,696)		5,083	2,484,268
Wiedner Holiday fund
Twinning				134,812	241,622	(269,956)			118,388
Revive Leeds				DB,BBe		(166,981)		126461	136,289
special designated	funds			85,138	B,220		(84,820)		8,638
Other designated funds				217,210	108,630		868,916		882,766
Total designated funds				3,840,486	2,087,238	(2,114,129)	672,086	142,034	4,637,723
Revaluation reserve				626,477					626,477
General funds				3,685,060	10,214,608	(9,393,185)	(584,e72)	69,399	3,911,830
Total unrestricted funds				6162,042	1231174B	(11,507,314)	(92,8T/)	211433	9,076,030
				12,738,820	13,223,783	(12,688,868)		440,203	13,806,248

1he group had total commitments at the year e	nd under operating leases expiring as follows:
	2023	2022
	Land and	Land and
	bulldln9s	buildln9s
Within Iyear	686,236	542,744
2-6years	1,909,216	1,466,732
Over 5years	1,214,210	185,063
	3,709,861	?„183,529

			croup 2023	Charity 3023	eroup2033	charlty2022
					9
Financial	assets that are	debt instruments
measured	at amortised	oost	391,490	282,898	941,397	416,384
Financial	liabilities at amortised cost		648,928	989,327	460,361	292,618

					Unrestricted	Restricted	Endowment	2022
					Funds	Funds	Funds	Total
				Ncic
Income
Donations and legacies					6,087,623	976,461		6,842,874
Other trading activities					38,722			38,722
Income from Investments					187,627	27,171	9,415	204,113
Income from charitable		activities:
Shops and furniture stores					3,87I,B72			3,871,872
Holidays and camps					78,016			78,018
Residential provision					2,099,879			2,098,879
Support centres					416,958			416,966
Youth development					8,373			8,373
Other Income					682,078			682,078
Totallncome					12,311,748	902,822	9,416	13,223,783
Expenditure
Expenditure on raising	funds			5	486,726			486,726
Expenditure on charitable activities
Visits 6assistance to	Individuals		and families		2,677,839	692,587	12008	3282434
Shops and furniture stores					3,736,667			3,736,657
Holidays and camps					250,843			260,843
Residential provision					2,009,679			2,009,978
Support centres					1,924,318			1,924,316
Twinning					311,778	388,631		898,409
Youth Development Programme					211,376	18		211,393
Totalexpendlturs				4	11,607,314	1,079,238	12,008	12,688,668
Net (losses) / gains on	Investments				96,172	3,329	62442	171,942
Share ofprofit/(loss)	In	jointly controlled entities			125261			126,291
Net (expenditure) / Income					1,018,896	(173,288)	78,849	922,428
Transfers between funds					(92,877)	92,877
Aotuarlal losses on defined benefit			pension soheme			143,000		143,000
Net movement Infunds				23	922,989	82,691	79,849	1,088,428
Funds atthe start ofthe		year			8,162,042	3,626,749	1,062,029	12,738,820
Funds atthe end cfthe year					8,076,030	3,688,340	1,141,878	13,806,248

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