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|---|---|---|---|---|---|
|TRUSTE|ES' REPORT|||||
|Reference|and Administrative
Details|||||
||Name and Registered|Office||||
||Professional
Advisers|||||
|Structure,|Governance
and Management||||2|
||Governing
Document
Trustee Board||||2
2|
||Elections to the Trustee||Board||2|
||Trustee Induction
and
Internal|Training|||3|
||Organisational
Structure||||3|
||Related Parties
Control||||3
3-5|
|Objectives and Activities for the||Public Benefit|||5|
||Strategic Objectives
Activities
and Outcomes||||5
5-8|
|Achievements
and Performance||||||
|Plans for|Future Periods|||||
|Financial|Review|||||
|Statement|of Directors' Responsibilities|||||
|Independent
Auditor's
Report|||||10-12|
|FINANCIAL STATEMENTS||||||
|Statement of Financial Activities|||and Income & Expenditure|Report||
|Balance Sheet|||||14|
|Cash Flow Statement|||||15|
|Notes to|the Financial Statements||||16-27|
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|For the year t|o 3|1|Igiarch 20|23||
|||
|---|---|---|---|---|---|---|---|---|
|||||Notes|Unrestricted|Restricted|Total|Total|
||||||funds|funds|2023|2022|
|Income|||||||||
|Activities
for generating||funds|||||||
|investment
income|||||1,848||1,848|75|
|Income from charitable||activities|||||||
|Grants||||||1,242,449|1,242,449|1,206,299|
|Contracts and service level|||||||||
|agreements|||||380,456||380,456|511,733|
|Fee income|||||77,781||77,761|46,704|
|Other||||||||908|
|Total income|||||460 065|1 242 449|1 702514|1765719|
|Expenditure|||||||||
|Raising funds|||||11,012||11,012|10,680|
|Chantable
activities|||||378,361|1,306,562|1,684,923|1,753,451|
|Total ex
nditure|||||389 373|1 306562|1 695935|1 764 131|
|Net income/(expend/turs)|||||||||
|for the year before|transfers||||70,692|(64,113)|6,579|1,588|
|Transfers
between|funds|||20|52482|52482|||
|Nst income before|other||recognised||18,210|(11,631)|6,579|1,588|
|gains and losses|||||||||
|Other recognised
gains/(losses)|||||||||
|Actuarial
gains/(losses)|||on defined|12|706,000||706,000|388,3000|
|benefit pension scheme|||||||||
|Other
aine/ losses||||12|83000||83000|89000|
|Net movement
In|funds||||641,210|(11,631)|629,579|300,588|
|Reconclgatlon
of|funds||||||||
|Total funds brou
ht forward||||20|529712|37023|492689|793277|
|Total funds carried|forward|||20|111498|25 392|136890|492 689|
##
|ompany|Numder|031|7|9963||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||||||Notes||6|
|Fixed assets||||||||
||Tangible
fixed assets||||14|||
|Currents assets||||||||
||Debtors||||15|270,367|119,481|
||Short term deposits|||||200,000|200,000|
||Cash at bank|and|in|hand||210130|297,917|
|||||||688,487|817,398|
|Creditors:|amounts
falling due|||||||
|within one|year||||1B|(182,697)|(118,087)|
|Net current|assets|||||606,890|499,311|
|Provision for liabilities|||||12|(369,000)|(992,000)|
|Total net assetsl liabilities|||||19|136890|492 689|
|Funds||||||||
||Unrestricted:|||||||
||Designated|funds|||20|38,848|38,648|
||Other unrestricted||funds||20|441,850|423,840|
||General
fund detined
pension scheme|||benefit|20|~309000|~002 0011|
||Total unrestricted|||||111,498|452,288|
||Restricted||||20|25 392|37023|
|Total funds|||||20|136890|492 689|
##
|
or the year|to 31 March 2|023|||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||8|8|
|Reconciliation|ofchanges
In resources to||net|cash inflow from operations|||
|Nst incoming|resources (as reported)||||629,579|300,588|
|(Deduct)/Add:
FRS102operating||pension|adjustment||(623,0IM)|(299,000)|
|Less income|from interest and dividends||||(1,848)|(75)|
|Decrease/(increase)
in debtors|||||(150,876)|80,863|
|Decrease|rncrsass
in short term|creditom|||64510|151926|
|Net cash inflow from o cretin||activities|||81635|69550|
|Cash flow statement|||||||
|Net cash inflow from operating
activities|||||(81,635)|(69,550)|
|Returns
on|investments
Nots 3||||1 848|75|
|Decrease|ncrsase
In cash||||79787|69475|
|Reconciliation|ofnet cash flow to|movement||in net cash|||
|Increase
in|cash in the period||||(79,787)|(69,475)|
|Nst cash at|1
ril 2022||||497917|567 392|
|Net cash at 31 INarch 2023|||||418,130|497917|
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|Depreciation|Depreciation|has been calculated|on a straight-|line basis as follows||
|---|---|---|---|---|---|
|Computer|equipment||||33.3'/o|
|Fixtures|and|fittings|||20.0'/o|
|Lift|||||125%|
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|||||||||Unrestricted|Restricted|Totals|Totals|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Funds|Funds|2023|2022|
|||||||||8|8|8|8|
|Note 3 - Investment|income|||||||||||
|Interest on bank ds||osits||||||1 848||1 848|75|
|All ofthe f300 recognised|||in 2021 was unrestricted|||funds||||||
|Note 4 - Grants||||||||||||
|PsnsionWise|||||||||458,103|458,103|471,797|
|Debt Free London|||||||||289,889|269,669|358,275|
|Reaching
Communities|||||||||44,113|44,113|133,304|
|Henry Smith Charity|||||||||19,025|19,026|51,325|
|City Bridge Trust|||||||||87,828|67,628|85,000|
|Trust for London|||||||||46,000|46,000|48,000|
|EU Settlement
Grant|||||||||19,823|19,623|28,574|
|CitA Universal
Support|||||||||||30,045|
|Kickstart|||||||||||21,979|
|Energy Max|||||||||127,987|127,967||
|SWL St George's|NHS||Trust||||||91,428|91,426||
|Ukrainian
Refugee||Support|||||||53,415|63,415||
|Debt First Aid|||||||||22,593|22,693||
|Food Bank P
'ect|||||||||22,887|22 887||
||||||||||1 242 449|'I242 449|1 208299|
|All ofthe r1,208,299|recognised||||in 2022 wss restricted||funds.|||||
|Note 6 - Contracts and service|||||level|||||||
|agreements||||||||||||
|General
Fund:||||||||||||
|LBS i&A||||||||345248||346 246|480 983|
|General
Fund||||||||345,248||346,246|480,983|
|HsalthWatch||||||||5,000||6,000|20,000|
|Ener
Advice Pr||ramme||||||30210||30210|10750|
|||||||||380456||380466|511733|
|All ofthe 8551,958 recognised||||in 2021 was unrestricted||||funds.||||
|Note 6 - Fes income||||||||||||
|Le alAidA
en|Housin|||||||77 781||77761|48 704|
|||||||||77 781||77 761||
|All ofths 666,319recognised|||||in 2021 was unrestricted|||funds.||||
|Note 7 - Other incoming|||resources|||||||||
|Sund
Income||||||||||||
##
|Note 8 - Charitable
activiti|es|||||||||
|---|---|---|---|---|---|---|---|---|---|
||Direct|costs|||Support|Costs||||
||Staff|Staff and||Oflice|Premises|Other|Governance|Total|Total|
||Costs|Volunteer||Costs|Costs|Costs|Costs|2023|2022|
|||Expenses||||||||
||f||||||E|f|E|
|Fundralsln
costs|11012|||||||11012|10680|
|Charitable
Activities||||||||||
|General
Fund|191,686|3,285||17,482|17,101|37,676|805|267,835|403,758|
|Health Watch|5,000|||||||5,000|9,869|
|Energy Advice
Programme|26,903||121|1,863|2,008|28|1'i6|31,037|13,855|
|LAA Housin
Contract|34381||549|8683|4249|26469|158|74489|68117|
|Total Charitable
Activities|257970|3|955|28 028|23 356|64 173|879|378361|606 279|
|Total Unrestricted
Funds|268 982|3|955|28 028|23 356|64173|879|3893?3|606 279|
|PensionWise|389,983|1,850||28,995|35,525|382|1,368|468,103|472,376|
|Debt Free London|262,454|1,133||19,993|20,285|217|673|304,755|314,S?7|
|Reaching
Communities|57,404||173|2,540|2,806|8,700|136|71,769|132,939|
|Henry Smith Charity|28,123||20|907|1,158|8||28,214|51,366|
|Help to Claim Project|||||||||30,059|
|Trust for London|41,255||530|1,990|2,149|25|79|46,028|46,972|
|EU Settlement
Grant|27,293||93|1,671|1,821|20|68|30,966|28,58Z|
|City Bridge Trust|20,993||288|1,434|1,611|43,246|55|67,6Z7|64,840|
|Kickstart|||||||||22,074|
|Energy Max|78,123||307|5,212|5,565|31,667|225|121,099||
|SWLSt George's NHS
Trust|41,573||156|2,786|3,035|49,429|113|97,092||
|Ukrainian
Refugee
Support|29,117||319|2,564|2,736|29|125|34,8S1||
|Debt First Aid|20,613||93|981|1,099|24|119|22,929||
|Food Bank Pro'ect|20 802||93|961|1 100|24|119|23099||
|Total Restricted
Funds|1 015733|5|055|70034|78 888|133771|3,081|1 306662|1 257 862|
|Total Ex enditure|1 284,715|9010||98062|102,244|197944|3950|1 895936|1 764131|
|e 9 - Governance
cos|ts|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|Total Funds|
|||Funds|Funds|2023|2022|
|||f|f|f|E|
|Audit fes||3,910||3,910|3,4'l4|
|Legal and professional|fees||||1,128|
|Trustees' expenses (Note 13)|||||190|
|Other||50||50|106|
|||3960||3,960|4838|
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|SUTTON||BOROUGH CITIZENS|BOROUGH CITIZENS|ADVICE BUREAUX|ADVICE BUREAUX|||
|---|---|---|---|---|---|---|---|
|Notes to the financial statements|||for the year ended 31Ilarch 2023|||||
|||||e nedbenefltOb|I ation|amount60|0|
|0.1%decrease||in Real Discount Rate|||1%||33|
|1 year increase
0.1%increase
1'/ incre|in member
life expectancy
in the Salary Increase Rate
i
Pension
cr
s
as C||I||4%
0%
'o||95
3
30|
|Table 5:ProJected pension expense for the year||||to 31 March 2024||||
|ProJection for||the year to 31 March 2024||||||
|Service cost '||Assets
f0||Obligations
33|000
(33)|Net assett(liability)
of
(23.3%)||
|Net interest income on plan assets
92|||||92|64.8%||
|Int
r st
st on||defin
nsfit obli
atlo|||1|6||
|T
lips I
r||||142||||
|Note 13-Trustees' expenses|Note 13-Trustees' expenses|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||2023|||2022|
||||||Number|5|Number||5|
|Trustees' e|nses|||||||1|190|
|No trustee was|paid expenses|during|the year - (2022:|||||||
|8190).||||||||||
|Note 14 - Tangible fixe assets||||Lift|Computer|Fixtures 5|||Total|
||||||Equipment|Fittings||||
|||||||Equipment||||
|Cost||||||||||
|At 1 April 2022||||86,297|13,560||28,704||128,&61|
|Additions||||||||||
|Dis oasis||||||||||
|At 31 March 2023||||86297|13560||28704||128561|
|Accumulated|depreciation|||||||||
|At 1 April 2022||||86,297|13,560||28,704||128,561|
|Charge for the|year|||||||||
|Dis oasis||||||||||
|At 31 March 2023||||86 297|13560||28704||128561|
|Net BookValues||||||||||
|At 31 March 2022||||||||||
|At 31 March 2023||||||||||
##
|ote|s to the fina|s to the fina|ncial s|tatements
for the year end|ed 31 March 2023||
|---|---|---|---|---|---|---|
|Note|16 - Debtors||||2023|2022|
||||||6|f|
||Accrued Income and prepayments||||253,693|177,539|
||Other|debtors|||16664|1 942|
||||||270367|119481|
|Nots|16 - Creditors:||amounts|falling dus within one year|||
||||||2023|2022|
||||||6|6|
||Deferred|income|and eccruals||44,103|63,138|
||Other creditors||||138494|54949|
||||||182697|118087|
||Deferred|income analysis|||2023|2022|
||||||6|6|
||Deferred|income|brought forward||63,138|154,089|
||Additions|during|the year||44,103|63,138|
||Amounts|released to income|||63 138|154089|
||Deferred|income|carried forward||44 103|63 138|
|||||||2023||2022|
|---|---|---|---|---|---|---|---|---|
||||||Photocopier|Land 8|Photocopier|Land 8|
|||||||Buildings||Buildings|
|||||||r.||6|
|Operating|lease which is||renewable|within|||||
|One year|||||3,000|45,000|'f64|45,000|
|Twotofive|ears||||12000|180000||45000|
|Total|||||15,000|225 000|164|90000|
|e 18 - Designated||funds||||2023||2022|
|||||||6||6|
|Replacement|of Equipment||fund|||19,866||19,865|
|Redundan|Fund|||||18783||18783|
|Salance at 31 March||||||38648||38648|
##
##
|Note 19 - A|nalysis
offund as|sets||||||
|---|---|---|---|---|---|---|---|
||Unrestricted|Designated|Pension|Total|Restricted|Total funds|Totalfunds|
|2023|funds|funds|fund|Unrestricted|funds|2023|2022|
|||||funds||||
||E||f|E|E|E|E|
|Debtors|1,929|||1,929|268,428|270,367|119,481|
|Deposits|200,000|||200,000||200,000|200,000|
|Cash|271,816|38,648||310,464|(92,334)|218,130|297,917|
|Ct'editors|(31,895)|||(31,895)|(150,702)|(182,597)|(118,087)|
|Provision|||369000|369000||369000|992000|
||441 850|38648|369000|111498|25392|136,890|492689|
||Unrestricted|Designated|Pension|Total|Restricted|Totalfunds|Total funds|
|---|---|---|---|---|---|---|---|
|2022|funds|funds|fund|Unrestricted|funds|2022|2021|
|||||funds||||
||E|||f|E|||
|Debtors|35,478|||35,478|84,003|11a,481|200,344|
|Deposits|200,000|||200,000||200,000|200,000|
|Cash|224,111|||262,759|35,'l58|297,917|367,392|
|Creditors|(35,949)|||(35,949)|(82,138)|(118,087)|(270,013)|
|Provision|||992000|992,000||aa2 ooo|1 291000|
||423 640|38648|992000|529 712|37,023|492 689|793277|
##
|totes to the fina|totes to the fina|ncial statem|ents
for the|year ended|31 March|2023||
|---|---|---|---|---|---|---|---|
|Note 20 - Movemsnt||in funds||||||
||||Balance|Incoming|Resources|Transfers|Balance|
|2023|||31/03/2022|resources|expended|between|31/03/2023|
|||||||flUlde||
|Unrestricted
funds||||||||
|Designated
funds|||38,648||||38,648|
|Other unrestricted
funds:||||||||
|General
Fund and|Other income||447,090|347,094|(278,847)|(40,810)|474,627|
|Health Watch|||12,499|5,000|(5,000)|(12,499)||
|Energy Advice Programme||||30,210|(31,037)|827||
|Legal Aid Agency|Housing||(35,949)|77,761|(74,489)||(32,677)|
|Other Unrestricted|Funds||423,640|460,065|(389,373)|(52,482)|441,860|
|Defined benefit
nsion scheme|||992000||623 000||369000|
|Total unrestricted
funds|||529 712|460 065|233627|52482|111 98|
|Restricted Funds||||||||
|PensionWise||||458,103|(456,103)|||
|Debt Free London||||269,669|(304,755)|35,086||
|Reaching
Communities|||27,646|44,113|(71,759)|||
|Henry Smith Charity|||9,189|19,025|(28,214)|||
|Trust for London|||28|46,000|(46,028)|||
|EU Settlement
Grant||||19,623|(30,967)|11,344||
|City Bridge Trust|||160|67,628|(67,628)|(160)||
|Energy Msx||||127,967|(121,0SS)||6,868|
|SWL St George's
NHS Trust||||91,426|(97,090)|5,684||
|Debt First Aid||||22,593|(22,929)|336||
|Food Bank Project||||22,887|(23,099)|212||
|Ukrainian
Refu es|su|rt||53415|34891||18624|
|Total Restricted
Funds|||37023|1 242 449|1 306562|52482|26392|
|Total funds|||492689|1,702 514|1 072935||136890|
|Total funds
492689
1,702 514|Total funds
492689
1,702 514|Total funds
492689
1,702 514|Total funds
492689
1,702 514|Total funds
492689
1,702 514|1 072935||136890|
|---|---|---|---|---|---|---|---|
|Transfers
have been made to reallocate costs charged to restricted
funds|||||and to cancel|the designation|offunds for|
|the Building
Repair and Redecoration||Fund.||||||
|Comparative
information|for the movement||in funds is as follows:|||||
||||Balance|Incoming|Resources|Transfers|Balance|
|2022|||31/03/2021|resources|expended|between|31/03/2022|
|Unrestricted
funds||||||||
|Designated
funds|||38,648|||||
|Other unrestricted
funds:||||||||
|General
Fund and Other|Income||434,980|481,966|(414,438)|(55,398)|447,090|
|Health Watch|||2,368|20,000|(9,869)||12,499|
|Energy Advice Programme||||10,750|(13,855)|3,105||
|L
al Aid A en
Housin|||14536|46704|68 117||36949|
|Other Unrestricted
Funds
Define benefit
nsion scheme|||422,792
1,291,000|559,420|(506,279)
299,000|(52,293)|423,640
992000|
|Total unrestricted
funds|||829 560|559,420|207 279|52,293|629712|
|Restricted Funds||||||||
|PsnsionWise||||471,797|(472,376)|579||
|Debt Free London|||(217)|358,275|(409,655)|51,597||
|Reaching
Communities|||27,281|125,274|(124,909)||27,646|
|Henry Smith Charity|||9,219|45, 125|(45,155)||9,189|
|Trust for London||||46,000|(45,972)||28|
|EU Settlemsnt
Grant||||34,774|(34,782)|8||
|Help to Claim Project||||30,045|(30,059)|14||
|City Bridge Trust||||65,000|(64,840)||160|
|Kickstait||||21,979|(22,074)|95||
|Ene
Max||||8030|8,030|||
|Total Restricted
Funds||||1 206 299|1 257 852|52,293|37023|
|Total funds|||793277|1765719|1 465 131||492889|
##
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