OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Page
Directors' and Trustees' Report 2-11
Independent
Auditor's		 Report 12-14
Statement ofFinancial Activities 15
Balance Sheet 16
Statement ofCash Flows 17
Notes to the Accounts 18—32

UNRESTRIC TED FUNDS
General Designated Restricted
Notes Funds
5		 Funds
5		 Funds
f		 2023
E		 2022
f
Income
Grants and Donations 2 23,547 20,000 43,547 484,707
Income from charitable activities 3 3,591,141 4,061 3,595,202 3,315,957
Investment income 4 4,249 4,249 214
Otherincome 5 6,433
3,618,937 24,061 3,642,998 3,807,311
Expenditure
Cost of raising funds 6 8,635 8,635 8,014
Expenditure on charitable activities 6 3,771,859 24,061 3,795,920 3,113,371
Total Expenditure 3,780,495 24,061 3,804,556 3,121,385
Net incomei(expenditure) & net
movement in funds before transfers (161,558) (161,558) 685,926
Transfer of funds 17
Net income/(expenditure) & net
movement in funds after transfers (161,558) (161,558) 685,926
Total funds, brought forward 2,542,728 1,000,000 3,542,728 2,856,802
Total funds, carried forward 2,381,170 1,000,000 3,381,170 3,542,728

Notes 2023 2022
Fixed assets 8 8
Tangible assets 1,647,183 1,659,593
Current asssba
Stock 866
Debtors
Cash at bank and		 in hand 12 624,507
1,996,252		 407,550
2,364,274
Liabilities 2,621,625 2,771,824
Creditors
falling due with in one year		 13 (266,857) (219,447)
Nst current assets 2,354,768 2,552,377
Creditors
falling due after more than one year		 14 (620,781) (669,242)
Net assets 3,381.113 334212,3,
Ths funds ofthe charity
Unrestricted
funds:
General
Designated
Restricted funds		 17
16
17		 2,381,170
1,000,000		 2,542,728
1,000,000
Total charity funds 3381.113 3,342. 28

Notes 2023 2022
E E
Cash used
in operating
activities		 19 244,570 616,675
Cash flows from investing
activities
Interest income 4,249 214
Purchase
oftangible
fixed assets		 (79,240) (157,710)
Proceeds from the sale of equipment 4,597
Cash provided
by l (used in) investing		 activities 74,991 152,899
Cash flows from financing
activities
Repayment
of borrowing		 (48,461) (53,029)
Cash used in financing
activities		 48,461 53,029
Increase/(decrease)
in cash &cash equivalents		 in the year 368,022 410,747
Cash &cash equivalents
at the beginning		 ofthe year 2,364,274 1,953,527
Total cash &cash equivalents
at the end ofthe year		 1,996,252 2,364,274

Unrestricted Restricted
Funds Funds 2023 2022
6 6 8 6
Donations
Government		 and gifts
furlough		 grant 23,547 23,547 6,602
252,072
Government
Could grant
Ratcliff Educational
Foundation		 20,000 20,000 192,033
34,000
23,547 20,000 43,547 484,707

INCOIIIIE FROM CH ARITABLE ACTIVITIES
Unrestricted Restricted Total Total
Funds Funds 2023 2022
E E E
New Dawn
City of London 40,187 40,187 40,187
London Borough ofTower Hamlets 562,839 562,839 621,406
Job Centre (DWP Access to work) 1,990 1,990
NHS Tower Hamlets CCG 82,845 82,845 98,424
687,861 687,661 760,017
Children's
Sevices
London Borough ofTower Hamlets 364,869 364,869 338,583
youth 8Leisure Services 364,869 364,869 338,583
London Borough ofTower Hamlets 50,000 50,000 51,042
50000 50,000 51,042
Job, Enterprice and Training
Big Lottery Fund (ESFBuilding Better Opportunities Grant) 4,061 4,061 9,387
London Borough ofTower Hamlets 783,183 783,183 752,376
NHS Tower Hamlets 46,125 46,125 38,220
Forbes Charitable
Foundation		 24,278 24,278 24,278
Educational
Institutions		 (Transition to Employment
Programmes) 37,023 37,023 79,345
Cafe takings 20,045 20,045 184
DWP - Access to Work Claims 22,680 22,680
Other income 1,964 1,964 200
935298 4,061 939,359 903,990
First Start
London Borough of Hackney 61,231 61,231 61,231
London Borough ofTower Hamlets 523,050 523,050 511,574
NHS Tower Hamlets
CCG		 76,278 76,278 76,522
660,559 660,559 649,327
Community
Outreach
London Borough ofTower Hamlets 199,733 199,733 83,405
199733 199,733 83,405
Supported
Living
City of London 149,950 149,950 149,950
London Borough ofTower Hamlets 446,248 446,248 304,006
Rental income 96,570 96,570 75,638
Miscellaneous
income		 53 53
692821 692,821 529,594
3,591 141 4,061 3,595,202 3,315,957

Unrestricted
Funds 2023 2022
5 E 5
Interest on cash deposits 4,249 4,249 214
4,249 4,249 214

Unrestricted
Funds 2023 2022
E E E
Sale ofasset 3,554
Insurance Claims 2,879
6,433
CLI
CC
CLI		 I
CD
CLI		 I
CD
CLI		 IA
I		 IA
I		 CD
O		 CLI
CD
ct		 O
CLI
CD		 O
CLI
CD		 CO
ul
(0		 (0
(0
I		 0! 0! CD
CD		 IA
IO
IO
I
CD		 IA
CD
CL(		 IA
(9		 CL( IA N CD CLI (L(
O
m
0		 Cu w
CLI
O
CV		 CD
PI
CD
CD
N		 AlO
CD
CD		 IA
O		 I
CD
O
uu		 IA
CD
I
IA		 IA
CLI
CLI
O
(0		 IA
(Ll		 O
4
CD
0!		 O
O
W		 O
(LI
CD
(0		 PI
IA
CD
I
CD
CD		 I
I
CO		 '0
N5
'0 Olw
Cl 0
02
o.J
a
CO		 CO
P!		 5
(0
IA		 (D
CD		 IA
CD		 IA
0!
0!		 CD
IA		 CD
O
(0
IA
CLI		 CD
CL(
CD
CD		 0
(0
O
Q'00
m
8'~o w
2
Cu0
f u
E p		 CD
O
CLI		 I ID
m
ID
CD
CD
O
'g w CD ID O
CO IA ' I (0 I
(A		 I CD D(O O
CV
(0 IA 10
I		 ul
0
CO
0		 Cl
lu
I
Cl0		 OIw
0
luI-		 0!
0!
LA
CL(		 ' CD
CD
(0		 ' (D
I
(0
(L(		 O
CO
0!		 IA O
(LI
CD		 I
I
(0		 LA
CD
IA		 C!
O		 1380
fh80
lU CO 0
CO
o		 C!
N
0		 gw
0
2		 O
CO		 O
cu		 O
IA
(9		 0!
O		 CD
CO
CD		 CD
O
CD		 N0!
m
0
N
.N0
Cl		 (u w
0
2		 O
N		 OI
O
IA		 CLI
CLI
(L(		 CD
O
CO
IA		 CO
CLI
0!		 CLI
(Ll
CLI		 IA0!
O
CD
20 N CLI ulw
o
z		 C
0		 O
CD
O
CD
CO

CD
(O
(0
(0		 IA
I		 CO
CO
CO
IA		 CD
0!
IA
I		 O!
IA		 (0
CD		 (0
CD
O
O		 CD
Al
(0		 ID
CDu!
CL!
CO N!
w
CD
cD
CD		 uu (L(O
O
CLI
N
U!
CL'OI-
OZ
IU
O.
!C
Ul
0
CO
(O
zcl		 0!
N
O0
CC
Gl
(C
N		 (0
8
IDE0.
E
Ol
m
(D
NC!
E
N
CL		 N
N00
OIE
(n
(C
N
(D
0
Cl. uD
C!
0
CI
DL
(08
0 0.'		 N
0!
(u
0!
0 0
O
N
m
00
CD0
06! (0
0
E 0!0
(0
O I—		 ul
N00
ID
CIE
0
0
m
«O		 S
00
m
NC!
ID
0
0
m
0
—
I
N
P
m
(u
Ol		 ID
N
C!
0.
u(
8
m
0
0
'u!0!
C!
O
C!.
0
m
mOI
c!		 C!0
~z
S0 0!
N0
N 0
u!
ID
0
O
0 0
(00
GL
W
CL 0
N G		 E
CI
'00S
O.
S
S
O
'll
IXI
(0 O
W (L(
X IA
Ow

ANALYSIS OF SUPPORT AND GOVENANCE CO ANALYSIS OF SUPPORT AND GOVENANCE CO ANALYSIS OF SUPPORT AND GOVENANCE CO STS
The Charity
initially
identifies the costs of its support		 functions.
It		 then identifies those costs which relate to the
governance
function. Governance
costs and other support costs are apportioned
separately
between
the key
activities
undertaken
(see note 6) in the year.
All the general
support
and governance
costs have
been
apportioned
to the vadious
chaditable
activities on the basis ofusage by each activity.
General Governance Total Total
Support
E		 Function
E		 2023f 2022
K
Staff salary costs
Premises
and equipment
costs
Communication
costs		 492,081
136,743
45,636		 6,452
175		 498,533
136,743
45,811		 492,158
111,373
36,667
Transport
and travel costs
Staff and volunteer costs
Legal and professional
expenses
Insurance
Bank charges and interest
Depreciation
Membership
and Subscriptions
Project operation
Cost		 8,377
9,652
7,570
6,222
36,171
91,650
2,948
303		 9,640 8,377
9,652
7,570
15,862
36,171
91,650
2,948
303		 19,538
3,300
5,460
11,372
23,052
87,889
1,343
General expenses 747 747 545
Meeting expenses 595 595 546
Audit fees 8,568 8,568 8,160
837,353 26,177 863,530 801,402

OPERATING SURPLUS OPERATING SURPLUS
Operating
Surplus
is shown After Charging:		 2023 2022
Depreciation
of Tangible		 fixed assets 43,602 43,946
Amortisation
of leasehold
premises		 16,337 12,232
Amortisation
offreehold		 premises 31,711 31,711
Operating
lease rentals		 - land and Buildings 148,138 146,882
Auditors'
Remuneration		 -Audit Services 7,368 6,960
Auditors'
Remuneration		 - Non Audit Services 1,200 1,200

2023 2022
Number Number
f60,000
f70,000
f80,000		 tof69,999
tof79,999
tof89,999		 1
1
1

2023 2022
NET BOOK VALUES 8 8
Freehold premises
Long leasehold
premises
Short leasehold
premises		 1,327,312
226,547		 1,359,023
185,415
Kitchen 8 other equipment
Fixtures and fittings
Motor vehicles		 46,534
9,532
37,258		 59,243
6,235
49,677
1,647,183 1,659,593
NIOVEMENTS IN YEAR
Cost or valuation Opening Closing
Balances Additions Disposals Transfers Balances
6 8 8 8 5
Freehold
premises
Long leasehold
premises
Short leasehold
premises		 1,585,551
852,255
173,247		 57,469 1,585,551
909,724
173,247
Kitchen
&other equipment
Fixtures and fittings		 415,625
163,789		 13,369
8,402		 428,994
172,191
Motor vehicles 162,533 162,533
3,352,999 79,240 3,432,240
Depreciation Opening Charge Closing
Balances ForYear Disposals Transfers Balances
8 8 8 8 8
Freehold premises
Long leasehold
premises
Short leasehold
premises		 226,528
666,840
173,247		 31,711
16,337		 258,239
683,177
173,247
Kitchen
& other equipment
Fixtures and fittings
Motor vehicles		 356,382
157,554
112,856		 23,469
7,714
12,419		 2,609
(2,609)		 382,460
162,659
125,275
1,693,405 91,650 1,785,057
12. DEBTORS
2023 2022
E
Trade Debtors 449,641 271,689
Other Debtors 12,440 16,395
Prepeyments
and accrued income		 162,426 119,464
624,507 407,548
13. CREDITORS: amounts
falling due within one year
2023 2022
8 8
Mortgage
Loan
Trade Creditors
Other creditors
Taxation
&social
Accruals
Deferred
Income		 security
(Note 15)		 53,929
46,890
18,451
49,654
97,933		 52,115
36,375
14,950
48,802
67,205
266,857 219,447

CREDIT ORS : amoun ts
falling after within one year
2023 2022
6 f
Mortgage
Loan
Less: amount
included		 in creditors due within one year 674,710
(53,929)		 721,357
(52,115)
620 781 669,242

2023 2022
6
Balance as at 1st April 52,920
Amount released to income in the year (52,920)
Amount deferred in the year
Balance as at 31st March

Balance New Utilised I Balance
as 01.04.22 Designations Reahsed as 31.03.23
E E
Staff contingency
Development
fund
Independent
living
Transport
fund		 fund
fund		 250,000
200,000
250,000
300,000		 250,000
200,000
250,000
300,000
1,000,000 1,000,000

Balance New Utilised I Balance
as 01.04.21 Designations Realised as 31.03.22
E E E
Staff contingency fund 250,000 250,000
Development fund 200,000 200,000
Independent
living
Transport
fund		 fund 250,000 300,000 250,000
300,000
700,000 300,000 1,000,000

Balance Balance
at 01.04.22
6		 Income
6		 Expenditure at 31.03.23
f
Unrestricted
Funds
General funds
Designated
funds (see note 16)		 2,542,728
1,000,000		 3,618,937
-		 3,780,495
-		 2,381,170
1,000,000
3,542,728 3618,937 3,780495 3,381,170
Restricted Funds
Job Enterprise
&Training
Rent Contributions		 4,061
20,000		 4,061
20,000
23TIP
Total funds 3,542,728 3,642,998 3,804,556 3,381,170
FUND BALANCES —PREVIOUS YEAR
Balance Balance
at 01.04.21 Income Expenditure at 31.03.22
6 E
Unrestricted
Funds
General funds
Designated
funds (see note 16)		 1,856,802
1,000,000		 3,571,891
-		 2,885,965
-		 2,542,728
1,000,000
2,856802 3,571,891 2,885,965 3,542,728
Restricted Funds
Government
COVID grant
Job Enterprise
&Training		 192,033
9,387		 192,033
9,387
Rent Contributions 34,000 34,000
235420 235420
Total funds 2,856,802 3,807,311 3,121,385 3,542,728

ANALYSIS OF FUND BALAN CES BE TW EEN NET ASSETS
Unrestricted Designated Restricted Total
6 6
Tangible fixed assets
Net current assets
Creditors due after more than		 one year 1,647,183
1,354,768
(620,781)		 1,000,000 1,647,183
2,354,768
(620,781)
2,381,170 1,000,000 3,381,170
ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS —PREVIOUS YEAR
Unrestricted Designated Restricted Total
E 6 6 6
Tangible fixed assets
Net current assets
Creditors due after more than		 one year 1,659,593
1,552,377
(669,242)		 1,000,000 1,659,593
2,552,377
(669,242)
2,542,728 1,000,000 3,542,728
RECONCILIATION
OF		 NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES
2023 2022
6
Net movement
in funds
Add back depreciation
Deduct interest income shown
Sale of Fixed Asset		 in investment activities (161,558)
91,650
(4,249)		 685,926
87,889
(214)
Decrease
/ (increase)
Decrease
/ (increase)
Increase
/ (decrease)		 in Stock
in debtors
in creditors		 (866)
(216,957)
47,410		 (142,036)
(14,890)
Net cash used in operating
activities		 (244,570) 616,675


y
according to the expiry date ofthe leases.		 pg
sown eow, an		 ayse
Land 8 buildings
2023 2022
6
Within one year 126,000 126,000
Two to five years
Over five years		 257,000
450,000		 307,000
450,000
833,000 883,000