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2023-03-31-accounts

Page
Report of the Trustees 1 to
Independent Examiner's Report
Statement of Financial Activities
Statement of Financial Position
Notes to the Financial Statements 8 to 15

2023 2022
Unrestricted Restncted Total Total
fund funds funds funds
Notes 6 6 5
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 139,849 139,849 52,417
Charitable
activities
VCS Infrastructure Fund 30,000 30,000 30,000
Housing
Disability		 Panel 22,910 22,910 22,910
Other activities 15,569 15,569 5,530
Investment
income		 3 38 38
Total 15,607 192,759 208,366 110,859
EXPENDITURE ON
Charitable
activities
VCS Infrastructure Fund 24,151 24,151 30,995
Housing
Disability		 Panel 8,924 8,924 10,782
Reaching
communities
Other activities		 ~295) 45,501
45,'678		 45,501
45,383		 64,857
Total ~295) 124,254 123,959 106,634
NET INCOME 15,902 68,505 84,407 4,225
RECONCILIATION OF FUNDS
Total funds brought forvrard 61,045 55,133 116,178 111,953
TOTAL FUNDS CARRIED FORWARD ~76947 123,638 200,585 116,178

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes 5 5 5 8
FIXEDASSETS
Tangible assets 9 978 978
CURRENT ASSETS
Debtors 10 2,250 2,250 2,250
Cash at bank 82,530 126,138 208,668 125,254
84,780 126,138 210,918 127.504
CREDITORS
Amounts
falling due within one year		 11 (8,811) (2,500) (11,311) (11,326)
NET CURRENT ASSETS 75,969 123,638 199,607 116,178
TOTAL ASSETS LESSCURRENT
LIABILITIES 76,947 123,638 200,585 116,178
NET ASSETS 76,947 123,638 200,585 116,178
FUNDS 12
Unrestricted
funds		 76,947 81,045
Restncted
funds		 123,638 55,133
TOTALFUNDS 200,585 116,178

INCOME FRO M CHA RITA BLE A CT IVIT IES
2023 2022
Activity E E
LBof Islington VCS Infrastructure Fund 30,000 30,000
LBof lsbngton Housing Disability Panel 22,910 22,910
Other Other activities 15,569 530
LB of Islington Other activities 5,000
68,479 58,440
CHARITABLE ACTIVITIES COSTS
2023 2022
LBI Lottery
NLCF LBI HD RC Merton Cloudesley Gen
COVID VCS P Fund CIL Fund Fund Total Total
6 E E E E 6 F. E
Direct Costs
Employment
coals 3,828 10,115 5,142 38,710 7,960 28,330 (1000) 93,085 70,267
Other direct
coals 3.828,115 .1 2 8,7 ~8.» . 881 3 8 7 3,197
.«
Support
Costs
Establishment
costs 2,250 7,238 102 2,472 1,195 15,257 10,064
Repairs 8
maintenance 793 289 (168) 914
Office
expenses 119 197 235 544 (8) 1,087 4,044
Sundries 745 100 8 (20) 833 3,483
Service costs 755 2,220 37 1,635 115 4,762
Insurance 127 612 200 625 1,564 1,143
Accountancy 1,387 380 603 2,370 2,030
I egal &
professional 882 844 439 904 117 439 3,625 12,363
Depreciation 462 462 43
4,133 14,036 963 6,791 1,427 705 30,874 33,170
791 24,15 .924 5. 31 ~9,38 28,333 29 7 123.959 196.63

2023 2022
6 6
Independent Examiners fee 2,370 2,030
Depreciation - owned assets 462 43

2023 2022
6 6
Wages and salaries 89,058 67,889
Social security costs 1,057 28
Other pension costs 2.970 2,350
93,085 70,267

The av erag e
monthly
number
ofemployees
during		 the year was as follows:
2023 2022
Charitable activities 4 6
Admin and management 2 3
6 9

NOTES TO THE FINANCIAL STATEMENTS - cont
FOR THE YEAR ENDED 31 MARCH 2023		 NOTES TO THE FINANCIAL STATEMENTS - cont
FOR THE YEAR ENDED 31 MARCH 2023		 NOTES TO THE FINANCIAL STATEMENTS - cont
FOR THE YEAR ENDED 31 MARCH 2023		 NOTES TO THE FINANCIAL STATEMENTS - cont
FOR THE YEAR ENDED 31 MARCH 2023		 inued
9. TANGIBLE FIXEDASSETS
Fixtures
arid
fittings
f
COST
At 1 Apnl 2022 45,522
Additions 1,440
Disposals (34,528)
At 31 March 2023 12,434
DEPRECIATION
At 1 April 2022 45,522
Charge for year 462
Eliminated
on disposal		 ~34,528)
At 31 March 2023 11,456
NET BOOK VALUE
At 31 March 2023 978
At 31 March 2022
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
F f
Other debtors 2,250 2,250
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
8
Trade creditors 508 1,727
Social security and other taxes 4,790 1,543
Other creditors 1,473 603
Accruals and deferred income 4,540 7,453
11,311 11,326

MOVEM ENT
IN FU		 NDS
Net
movement At
At 1/4/22 in funds 31/3/23
5 9 F
Unrestricted
funds
General fund 61,045 15,902 76,947
Restricted funds
VCS Infrastructure Fund 14,358 5,849 20,207
Housing Disability Panel 29,554 13,986 43,540
NLCF - COVID support 8,443 (7,961) 482
LBI Chest Fund 2,477 2,477
Cloudesley
Fund		 301 6,969 7,270
Lottery RC Fund 45,572 45,572
Merton CIL 4,090 4,090
55,133 68,505 123,638
TOTAL FUNDS 116,178 84,407 200,585

Net mo vement
in		 funds,
included
in the ab		 ove are as follows
Incoming Resources Movement
resources expended in funds
5 8 5
Unrestricted
funds
General fund 15,607 295 15,902
Restricted funds
VCS Infrastructure Fund 30,000 (24,151) 5,849
Housing Disability Panel 22,910 (8,924) 13,986
NLCF - COVID support (7,961) (7,961)
Cloudesley
Fund		 35,299 (28,330) 6,969
Lottery
Merton		 RC Fund
CIL		 91,073
13,477		 (45,501)
~9,387)		 45,572
4,090
192,759 (124,254) 68,505
TOTAL FUNDS 208,366 ~123,959) 84,407

Comps ratives fo r movem ent
in fun		 ds
Net Transfers
movement between At
At 1/4/21 in funds funds 31/3/22
5 6 f 5
Unrestricted
funds
General
fund		 57,647 4,393 (995) 61,045
Restricted funds
VCS Infrastructure Fund 14,358 (995) 995 14,358
Housing
Disability		 Panel 17,426 12,128 29,554
City Bridge Trust - COVID support 22,004 (22,004)
NLCF - COVID support 518 7,925 8,443
LBIChest Fund 2,477 2,477
Cloudesley
Fund		 301 301
54,306 ~168 995 55,133
TOTAL FUNDS 111,953 4,225 116,178
Comparative
net movement		 in funds, Included in the above are as follows'
Incoming Resources Movement
resources
6		 expended
f		 in funds
f
Unrestricted
funds
General
fund		 949 3,444 4,393
Restricted funds
VCS Infrastructure Fund 30,000 (30,995) (995)
Housing
Disability		 Panel 22,910 (10,782) 12,128
City Bridge Trust - COVID support (22,004) (22,004)
NLCF - COVID support 50,000 (42 075) 7,925
LBI Chest Fund
Cloudesley
Fund		 5,000
2,000		 (2,523)
~1,699)		 2,477
301
109,910 (110,078) ~168)
TOTALFUNDS 110,859 (106,634) 4,225