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2023-03-31-accounts

CONTENTS PAGES
Charity information
Chair of Board ofTrustees's report
List ofsupporting
organisations
Trustees' report
Independent
auditor's		 report 19
Statement offinancial activities 23
Balance sheet 24
Statement ofcash flows 25
Notes tothe financial statements 27

REGISTERED AND Nelson House PRINCIPAL Lloyds Bank PLC
PRINCIPAL OFFICE Brimscombe Hill BANKERS 12Rowcroft
Brimscombe Stroud
Stroud Gloucestershire
Gloucestershire GLS 3BD
GLS 2QP
SOLICITORS Willans
LLP		 INDEPENDENT Sumer Audit
28 Imperial Square AUDITOR Hermes
House
Cheltenham Fire Fly Avenue
Gloucestershire Swindon
GLSO 1RH SN2 2GA
WEBSITE www. nelsontrust. corn gg @TheNelsonTrust

he main risks identi fied
an		 fied
an		 d th e mitig a ting responses to manage these risks include:
Risk identified Actions to address
risk
Dependency
on income		 sources, key clients and The Nelson Trust continues to build on its reputatlon
in the market for
contracts - speclficagy a significant loss of providing
high
quality
services and value for money; engages regularly
with
contribution,
such as the loss ofa major		 contract, or maior customers,
funders, local and central government
to influence the
failure of a significant customer provision ofservices needed; develops new services aligned to its mission
and policy frameworks;
cogaborates with statutory
and voluntary
seniice
providers to develop best-practice
partnerships;
monitors
and reviews the
duration offunding streams
and actively acting to mitigate
and replace
funding streams; robust budgeting
process;
reports on impact and monitors
statistics and KPls.
Fagure to meet regulatory requirements, including The Nelson Trust have a number ofoperational
controls
In place through
CQC, Hea1th and Safety
Legislation
in our building works),
Employment		 (Including asbestos
Legislation, and		 procedures to ensure compliance
with our governance,
legal and regulatory
requirements;
policies are made available through the NetConsent
software
compliance
with VAT, Gift		 Aid, corporation Tax and platform:
a robust approach to compliance
with those policies and
Pensions Regulator
requirements.		 procedures,
including
regular meetings
and testing ofprocesses; simple,
coherent
reporting on finances,
Competitive
funding
and funding cuts stemming		 from: The Nelson Trust maintains
regular contact with key and potential fenders
~ Economic pressures and partnerships;
continues to build and strengthen
relationships
with
~ Political shifts resulting in pubgc funding cuts commissioners;
ensures continued
Improvement
and value for money of
~ Role/use ofthe voluntary sector Instead of tender
pro pose Is; monitors
proposed
lega I and regulatory
changes, with
commercial
businesses		 assistance from external experts as required;
reports on impact and
monitors statistics and KPls.
Social/Economic
impacts ofan Increase in cost		 of The Nelson Trust regularly
reviews financialand
non-financial
data available
service degvery (Cost of living, Energy prices, Inflation) to appraise the delivery ofservices and monitor and respond to staff
without
additional
funding		 to maintain quality of welfare; continues to review contracts to ensure full cost recovery for
service delivery. funded services; compares budgets; reforecasts regularly;
reporting to the
Board ofTrustees regularl .
Capacity and use ofresources, Including tangible fixed The Nelson Trust has robust policies and processes
in place for
assets authorlsation
ofexpenditure,
Including tender processes and capital spends;
Estates and environmental
improvements
and ESGagenda are a prlority and
designated
funds have been set aside for property improvements,
together
with the receipt ofrestdicted capital funds; reserves are monitored
reports
regularl
to the Board ofTrustees.
Failure to keep our clients, staff and volunteers safe There is Inherent
risk within this risk by the nature ofour working,
particularly
front line workers and volunteers
within our Community
services. There Isa strong culture of operational
controls through
procedures
which are made avaga hie through the NetConsent
software
plafform;
a robust approach to compliance
with those procedures
including
Safeguarding,
Lone Working and Health
and Safety Legislation; effe«tive
recruitment,
staff trainin
and supervision.

FOR THE YEAR ENDED 31M ARCH 2023
2023 2022
Unrestricted Restricted Endowment Total Total
funds funds funds funds funds
Notes E 6 6 6 E
Income and Endowments
from:
Voluntary
sources
Donations
and legacies		 3 291,991 154,052 446,043 350188
Charitable
activities		 4
Residential
Services		 1,871,549 20,247 1,891,796 1)887,959
Women's
Community		 Services 4,457,461 1,661,627 6,119,088 4,691,032
Hub Community
Recovery		 247,912 20,500 268,412 151,348
Other trading activities 5 164,451 164451 130210
Bank interest received 21,859 21,859
Total income and endowments 7,055,223 1,856,426 8,911,649 7,210,737
Expenditure
on:
Raising funds 178,177 10,000 188,177 221,240
Charitable
activities		 7
Residential
Services		 1,784,785 11,462 1 796247 1801071
Women's
Community		 Services 4,461,169 1,112,134 5,573,303 3,752,804
Hub Community
Recovery		 438,930 36,992 475,922 286,817
Total expenditure 6,863,061 1,170,588 8033649 6061932
Net (losses)/gains
on
investments (7,954) (7,954) 6,056
Net income/(expenditure) 9 192,162 685,83& (7,954) 870,046 1,154,861
Reconciliation
offunds:
Transfers between
funds		 990,000 (990,000)
Total funds brought forward 3,720,012 4,379,406 47,321 8,146,739 6,991,878
Total funds carried forward 24 '4,902,174 4,075,244 39,367 9,016,785 8,146,739
OR THE YEAR ENDED 31MARCH 2 023
2023 2022
Notes E E
FIXEDASSETS
Tangible assets 14 4,354,733 3,033,230
Investments 15 39,367 47,321
4,394,100 3,080,551
CURRENT ASSETS
Stocks 16 1,211 837
Debtors 17 2,520,770 2,357,748
Cash at bank and in hand 4,152,486 4,125,471
6,674,467 6,484,056
CREDITORS
Amounts
falling		 due within one year 18 (1,918,007) (1,171,233)
NET CURRENT ASSETS 4,756,460 5,312,823
TOTAL ASSETS LESSCURRENT LIABILITIES 9,150,560 8,393,374
CREDITORS
Amounts
falling		 due after more than one year 19 (133,775) (246,635)
NET ASSETS 9,016,785 8,146,739
FUNDS 24
Unrestricted
funds:
General fund 843,428 2,163,704
Designated
Fund —Future property		 investment, future spend on 1,059,460
maintaining
the condition ofowned		 properties and strategic
development ofthe charity
Designated
Fund - Fixed Assets Funds		 2,999,286 1,556,308
4,902,174 3,720,012
Restricted funds 4,075,244 4,379,406
Endowment
funds		 39,367 47,321
TOTAL FUNDS 9,016,785 &,146,739
2023 2022
Notes E E
Cash flows from operating activities
Cash generated
from operations		 1,616,303 973,004
Interest paid (9,413) (10,642)
Net cash provided
by operating
activities		 1,606,890 962,362
Cash flows from investing activities
Purchase oftangible fixed assets (1,475,758) (71,510)
Net cash used in investing activities (1,475,758) (71,510)
Cash flows from financing activities
Loan repayments
in year		 (125,976) (24,275)
Bank interest
and investment
income		 21,859 3675
Net cash used
in financing		 activities (104,117) (20,600)
Change in cash and cash equivalents in the year 27,015 870,252
Cash and cash equivalents at the start ofthe year 4,125,471 3,255,219
Cash and cash equivalents at the end ofthe year 4,152,486 4,125,471

TO THE CASH F
HE YEAR ENDED		 LOW STATEMENT
31MARCH 2023		 LOW STATEMENT
31MARCH 2023		 LOW STATEMENT
31MARCH 2023		 THE NELS ON TRUST
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2023 2022
f 6
Net income forthe reporting period (as per the Statement of
FinancialActivities) 870,046 1,154,861
Adjustments
for:
Depreciation
charges		 154,255 156,525
Loss/(gain)
on investments		 7,954 (6,056)
Interest
paid		 9,413 10,642
Bank interest and investment income (21,859) (3,675)
(Increase)/decrease in stocks (374) 386
(Increase)
in debtors		 (163,022) (743,755)
Increase
in creditors		 759,890 404,076
Net cash provided by operations 1,616,303 973,004
ANALYSIS OF CHANGES IN NET FUNDS
At 1April At 31March
2022 Cash flow 2023
f E
Net cash
Cash at bank and in hand 4,125,471 27,015 4,152,486
4,125,471 27,015 4,152,486
Debt
Debts falling due within 1year (25,378) 13,116 (12,262)
Debts falling due after 1year (246,635) 112,860 (133,775)
(272,013) 125,976 (146,037)
Total 3,853,458 152,991 4,006,449

DONATIONS
AND LEGACIES		 DONATIONS
AND LEGACIES		 DONATIONS
AND LEGACIES		 DONATIONS
AND LEGACIES
2023 2022
E E
Donations towards the establishment ofour Women's Centre in Bristol 169,046
Donations towards the purchase of our Women's Centre in Swindon 125,000
Donations 151,997 350,188
446,043 350,188
INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Activity E f
Residential
services		 Residential Services 1,891,796 1,887,959
Women's
Community		 services Women's Community Services 6,119,088 4,691,032
Hub Community recovery, Hub Community Recovery 268,412 151,348
including
capital		 grants
8,279,296 6,730,339
OTHER TRADING ACTIVITIES
2023 2022
E E
Fundraising
events		 164,451 130,210
RAISING FUNDS COSTS
Raising donations and legacies
2023 2022
E E
Staff costs 100,258 99,288
Direct costs 73,347 114,722
Depreciation 312 1,357
Support costs (see note 8) 14,260 5,873
188,177 221,240

CHARITABLE ACTIVITIES COSTS CHARITABLE ACTIVITIES COSTS CHARITABLE ACTIVITIES COSTS
Other Direct staff Total Support 2023 2022
direct costs costs direct costs (see Total Total
costs
f		 note 8)f
ResidentialServices 545,962 1,221,765 1,767,727 28,520 1,796,247 1,801,071
Women' s 1,363,506 3,981,637 5,345,143 228,160 5,573,303 3,752,804
Community Services
Hub Community 185,474 276,188 461,662 14,260 475,922 286,817
Recovery
2,094,942 5,479,590 7,574,532 270,940 7,845,472 5,840,692

SUPPORT COSTS
Analysis ofsupport costs
2023 2022
f f
ITand office costs 191,857 152,751
Legal and professional
costs including		 audit cost, recruitment and training 44,744 24,712
Other costs, including
marketing		 and website costs, membership ofsector 37,279 52,440
bodies and regulatory
costs
Financing costs 11,320 13,840
285,200 243,743
Governance
costs included
within		 the above total f44,917(2022:f55,609).
NET INCOME/(EXPENDITURE)
Net income/(expenditure)
is stated after charging/(crediting):
2023 2022
f f
Auditors'
remuneration		 15,000 12,075
Depreciation
-owned assets		 154,255 156,525
Auditor's
remuneration
- preparation		 of the statutory financial 925
statements
Operating
lease rentals - plant and machinery		 20,152 12,484
Operating
lease rentals - land		 and buildings 186,085 86,620
Bank loan interest payable 9,413 10,624
Bank interest and investment income received (21,859) (3,675)

STAFF COSTS
2023 2022
E E
Wages and salaries 4,886,430 3,823,716
Social security costs 417i014 274,205
Other pension costs 276,404 213,873
5,579,848 4,311,794
2023 2022
Residential
&Women's
Community		 Services 194 147
Support,
including		 fundraising 23 20
Hub Community Recovery 13 7
230 174
The average num ber offul l-tim e
equiv		 alent
employees
("FTE")analy		 sed
by function was:
2023 2022
Residential
and Women's		 Community Services 170 131
Support,
including		 fundraising and business development 21 19
Hub Community Recovery 9 5
200 155

FOR THE YEAR ENDED 31MARCH 2023 THE YEAR ENDED 31MARCH 2023 THE YEAR ENDED 31MARCH 2023 THE YEAR ENDED 31MARCH 2023
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Endowment Total
funds funds funds funds
E E E E
Income and Endowments from:
Donations
and legacies		 290,188 60,000 350,188
Charitable
activities
Residential
Services		 1,685,867 202,092 1,887,959
Women's
Community
Services		 3,712,881 978,151 4,691,032
Hub Community
Recovery		 124,848 26,500 151,348
Other trading activities 130,210 130,210
Total income and endowments 5,943,994 1,266,743 7,210,737
Expenditure
on
Raising funds 221,240 221,240
Charitable
activities:
Residential
Services		 1,567,663 233,408 1,801,071
Women's
Community
Services		 2,449,900 1,302,904 3,752,804
Hub Community
Recovery		 224,137 62,680 286,817
Total expenditure 4,462,940 1,598,992 6,061,932
Net gains on investments 6,056 6,056
Net income/(expenditure) 1,481,054 (332,249) 6,056 1,154,861
Reconciliation offunds
Total funds brought forward 2,238,958 4,711,655 41,265 6,991,878
Total funds carried forward 3,720,012 4,379,406 47,321 8,146,739

TANGIBLE FIXEDASSETS
Freehold
property Furniture,
and long Improvements fittings
leasehold to and
property property equipment
E E E
COST
At 1April 2022 3,009,145 701,937 287,436
Additions 1,337,415 3,003 62,434
At 31March 2023 4,346,560 704,940 349,870
DEPRECIATION
At 1April 2022 517,840 309,360 262,652
Charge for year 52,620 11,926 18,866
At 31March 2023 570,460 321,286 281,518
NET BOOK VALUE
At 31March 2023 3,776,100 383,654 68,352
At 31March 2022 2,491,305 392,577 24,789
Motor Computer
vehicles equipment Totals
E E E
COST
At 1April 2022 46,072 335,116 4,379,706
Additions 72,906 1,475,758
At 31March 2023 46,072 408,022 5,855,464
DEPRECIATION
At 1April 2022 44,306 212,318 1,346,476
Charge for year 1,766 69,077 154,255
At 31March 2023 46,072 281,395 1,500,731
NET BOOK VALUE
At 31March 2023 126,627 4,354,733
At 31March 2022 1,766 122,798 3,033,230

MARKET VALUE
At 1April 2022 47,321
Revaluations (7,954)
At 31March 2023 39,367
NET BOOK VALUE
At 31March 2023 39,367
At 31March 2022 47,321

STOCKS
2023 2022
E f
Goods held for Resale - Food and Non-Alcoholic Beverages 1.211 837
DEBTORS
2023 2022
E E
Amounts falling due within one year:
Trade debtors 1,067,028 884,506
Other debtors 725,009 796,744
Prepayments and accrued income 379,495 309,795
2,171,532 1,991,045
Amounts falling due after more than one year:
Other debtors 349,238 366,703
Aggregate amounts 2 520,770 2,357,748
1&. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR FALLING DUE WITHIN ONE YEAR
2023 2022
f F.
Bank loans and overdrafts (see note 20) 12,262 25,378
Trade creditors 137,051 232,857
Social security and other taxes 95,278 86,506
Other creditors 102,933 90,040
Accruals and deferred income 1,570,483 736,452
1,918,007 1,171,233

CREDITOR S: AMOUNTS
FALLING DUE AFTER MORE THAN ONE		 YEAR
2023 2022
E E
Bank loans (see note 20) 133,775 246,635
LOANS
An analysis ofthe maturity ofloans is given below:
2023 2022
f E
Amounts
falling due within one year on demand:
Bank loans 12,262 25,378
Amounts
falling between one and two years:
Bank loans - 1-2years 12,901 26,184
Amounts
falling due between two and five years:
Bank loans - 2-5years 42,349 98,125
Amounts
falling due in more than five years:
Repayable by instalments:
Bank loans more 5years by instalment 78,525 122,326

The following
secured debts		 are include d
 within creditors:
2023 2022
E E
Bank loans 146,037 272,013
During the year there were two bank loans:
The variable
rate bank loan was repaid		 in full during the year, at 31March 2022 there was a balance
ofE114,028 outstanding.
The second loan is repayable with interest paid at a fixed rate. At 31 March 2023, the balance ofthe
loan was E146,037 (2022:E157,984).The loan bears interest at 4.54%%d and is repayable by November
2032.
As at31March 2023the loan was secured on 1 Brunswick Square, Gloucester.
LEASING AGREEMENTS
At 31March, the charity had the following total minimum lease payments under operating leases:
Equipment Land and Buildings
2023 2022 2023 2022
E E E E
Within one year 8,729 12,790 90,020 61,410
Between one to five years 10,928 21,571
In more than five years
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted Endowment Total
funds funds fund funds
E E E E
As at31March 2023:
Fixed assets 3,176,769 1,177,964 4,354,733
Investments 39,367 39,367
Current assets 3,777,187 2,897,280 6,674,467
Current
liabilities		 (1,918,007) (1,918,007)
Long term liabilities (133,775) (133,775)
4,902,174 4,075,244 39,367 9,016,785
As at31March 2022:
Fixed assets 1,828,319 1,204,911 3,033,230
Investments 47,321 47,321
Current assets 3,269,561 3,214,495 6,484,056
Current
liabilities		 (1,131,233) (40,000) (1,171,233)
Long term liabilities (246,635) (246,635)
3,720,012 4,379,406 47,321. 8,146,739

24. MOVEMENT
IN FUNDS		 MOVEMENT
IN FUNDS
At 1Apnl Net At 31March
2022 movement 2023
In funds
E
Unrestricted
funds
General
fund		 2,163,704 (1,320,276) 843,428
Designated
Fund —future		 property investment, 1,059,460 1,059,460
maintenance
and strategic		 development
Designated
Fund - Fixed		 Assets Funds 1,556,308 1,442,978 2,999,286
3,720,012 1,182,162 4,902,174
Restricted funds
Women's
Community
Services		 1,125,766 616822 1742 588
Funding
for the purchase		 and start up
ofour Women's
Centre		 in Bridgewater 160,340 (3,310) 157,030
Funding
for
the		 development of
services
and
the		 establishment of a
Women's
Centre
in		 Bristol 1,764,614 (891,414) 873,200
Capital funding
for		 the delivery of our
Hub Enterprise
activities		 1,041,391 844 1,042,235
Residential
services		 14,000 (4,000) 10,000
Funding for the set up ofour Women's Centre in 273,295 (50,104) 223,191
Cardiff
Core cost funding 27,000 27,000
4,379,406 (304162) 4075 244
Endowment
funds
Fund to finance training and hardship support to those 47,321 (7,954) 39,367
in the criminal, justice system
TOTAL FUNDS 8,146,739 870,046 9,016,785

MOVEMENT
IN FUNDS		 - c onti onti nued nued nued
The movement
in funds		 in the year ended 31March 2023 were as follows:
Incoming Resources Gain/Loss Movement
resources
f		 expended
f		 and transfers
f		 in funds
f
Unrestricted
funds
General fund 7,055,223 (6,863,061) (1,540,575) (1,348,413)
Designated
Fund
—future		 property 1,059,460 1,059,460
investment,
maintenance		 and strategic
development
Designated
Fund - Fixed		 Assets Funds 1,471,115 1,471,115
7,055,223 (6,863,061) 990,000 1,182,162
Restricted funds
Women's
Community
Services		 1,586,133 (839,311) (125,000) 621,822
Funding
for the purchase		 and start up
ofour Women's
Centre		 in Bridgewater (3,310) (3,310)
Funding
for
the
development		 of
services
in
Bristol		 and the
establishment
of a Women's		 Centre in 174,046 (195,460) (865,000) (886,414)
Bristol
Capital funding
for the		 delivery of our
Hub Enterprise
activities		 22,000 (31,156) (9,156)
Residential
services		 20,247 (24,247) (4,000)
Funding for the set up of our Women' s
Centre
in Cardiff		 (50,104) (50,104)
Core cost funding 54,000 (27,000) 27,000
1,856,426 (1,170,588) (990,000) (304,162)
Endowment
funds
Fund to finance
training		 and (7,954) (7,954)
hardship
support
to those		 in
the criminal justice system.
TOTAL FUNDS 8,911,649 (8,033,649) (7,954) 870,046
FOR THE YEAR ENDED 31MARCH 2023 THE YEAR ENDED 31MARCH 2023 THE YEAR ENDED 31MARCH 2023
24. MOVEMENT
IN FUNDS - continued
Comparatives
for movement		 in funds
Net
At 1April movement At31March
2021 in funds 2022
E E f
Unrestricted
funds
General fund 655,647 1,508,057 2,163,704
Designated
Fund - Fixed		 Assets Funds 1,583,311 (27,003) 1,556,308
2,238,958 1,481,054 3,720,012
Restricted funds
Women's
Community
Services		 1,471,504 (345,738) 1,125,766
Funding for the purchase
and start		 up
ofour Women's
Centre		 in Bridgewater 191,379 (31,039) 160,340
Funding
for
the
development		 of
services
in
Bristol		 and the
establishment
of a Women's		 Centre in
Bristol 1,972,201 (207,587) 1,746,614
Capital funding
for the		 delivery of our
Hub Enterprise
activities		 1,072,571 (31,180) 1,041,391
Residential
services		 4,000 10,000 14,000
Hub Community
Recovery Centre
Funding
for the set up		 of our Women' s
Centre
in Cardiff		 273,295 273,295
4,711,655 (332,249) 4,379,406
Endowment
funds
Fund to finance
training
and		 41,265 6,056 47,321
hardship
support
to those		 in
the criminal justice system.
TOTAL FUNDS 6,991,878 1,154,861 8,146,739

MOVEMENT
IN FUNDS		 - conti - conti nued nued nued
The movement
in funds		 in the year ended 31March 2022 was as follows:
Incoming Resources Gains and Movement
resources
E		 expended
f		 losses
E		 in funds
f
Unrestricted
funds
General fund 5,943,994 (4,435,937) 1,508,057
Designated
Fund - Fixed		 Assets Funds (27,003) (27,003)
5,943,994 (4,462,940) 1,481,054
Restricted funds
Women's
Community
Services		 704,856 (1,050,594) (345,738)
Funding
for the purchase
and		 start up
ofour Women's
Centre		 in Bridgewater (31,039) (31,039)
Funding
for
the
development		 of
services
in
Bristol		 and the
establishment
of a Women's		 Centre in (207,587) (207,587)
Bristol
Capital
funding
for the		 delivery ofour
Hub Enterprise
activities		 26,500 (57,680) (31,180)
Residential
services		 202,092 (192,092) 10,000
Funding for the set up ofour Women' s
Centre
in Cardiff		 273,295 273,295
Core cost funding 60,000 (60,000)
1,266,743 (1,598,992) (332,249)
Endowment
funds
Fund to finance
training
and		 6,056 6,056
hardship
support
to those		 in
the criminal justice system.
TOTAL FUNDS 7,210,737 (6,061,932) 6,056 1,154,861

estricted funds
ignificant movements
in individual
funds during		 the year were :
At 1April Incoming Resources At 31March
2022 resources expended 2023
E E E E
Establishment
of Bridgwater
Women's Centre
Hinkley
Point CCommunity
Fund		 160,340
52,714		 149,913 (3,310)
(81,436)		 157,030
121,191
Development
ofour services to provide		 1,764,614 169,046 (1,060,460) 873,200
support to the women of Bristol, with the
aim ofestablishing
a women's centre in
Bristol
Supporting
sex working women-		 50,000 50,000 (100,000)
Gloucestershire
County Council
National
Lottery Community
Fund -RC South		 337,179 (154,742) 182,437
West Region - "Empowering
Change
Somerset"
National
Lottery Community
Fund - RCSouth		 320,166 (141,245) 178,921
West Region -"Sex Worker Outreach
Project"
Capital Funding to enable the delivery ofour		 1,041,391 (23,637) 1,017,754
Hub Enterprise
activities
Making a difference for children
and young		 47,725 (37,380) 10,345
people - funded
by BBCChildren
in Need
Gloucestershire
mentoring
programme-		 112,500 (75,000) 37,500
funded
by CHK Foundation
Gloucestershire
Change Team Project funded		 140000 (70000) 70,000
by Gloucestershire
NHS Clinical
Commissioning
Group
Establishment
ofCardiff Women's Centre-		 273,295 (50,104) 223,191
funded
by Welsh Government
Purchase ofSwindon
Women's Centre—		 125,000 (125,000)
funded
by The Clothworkers'
Foundation
Local Leadership
and Integration
Fund-		 727,529 (727,529)
funded
by the Ministry ofJustice
Core cost funding		 649,318 (49,318) 600,000

FINANCIAL INSTRUMENTS FINANCIAL INSTRUMENTS
The carrying value ofthe charity's financial assets and liabilities are summarised
by		 category below:
2023 2022
f
Financial assets
Measured
at market value
- Investments 39,367 47,321
Measured
at undiscounted		 amount receivable
-Trade and other debtors and accrued income 2,520,770 2,357,748
Financial
liabilities
Measured
at undiscounted		 amount payable
-Trade and other creditors 1,905,745 1,145,855
-Bank loans 146,037 272,013
2,051,782 1,417,868