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2023-03-31-accounts

Page
Legal and administrative information 1-2
Trustees' report 3-19
Independent
auditors'
report 20 —22
Statement offinancial activities 23 - 24
Balance sheets 25
Statement of cash flows 26
Notes to the accounts 27 —43

Trustees Professor Mark Button Professor Mark Button Professor Mark Button
Steve Dimon
Valerie Hopkins —Chair
Steve Miller
Richard John
Tim Caley
Reinoud
Noorduijn
Jonathan
Clark (Appointed
08/06/2023)
Caroline
Poppleton
(Appointed 31/08/2023)
Beverly Coghlan (Appointed 26/09/2023)
Resources Sub Group Professor Mark Button - Chair
Steve Dimon
Steve Miller
Reinoud
Noorduijn
Valerie Hopkins
Jonathan
Clark
Caroline
Poppleton
Service Delivery Sub Group Tim Caley (Chair)
Valerie Hopkins
Richard John
Beverly Coghlan
Officers in attendance Clare Ansell
Marina Tuck
Karen Yeung
Chief Executive Clare Ansell
Secretary Marina Tuck
Charity number 1069085
Company number 3512607
Registered office Units 2 &3 Cumberland Gate,
Cumberland
Business Park
Portsmouth
Hampshire
P05 1AG

Jones Avens Limited
53 Kent Road
Southsea
Portsmouth
Hampshire
PO5 3HU

Co-operative Bank Pic
1 Balloon Street
Manchester
M60 4EP
Blake Morgan LLP
Harbour
Court
Compass
Road
North Harbour
Portsmouth
PO6 4ST

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2023 2022
Notes f 6 6
Fixed assets
Tangible assets 14 277,190 290,870
Current assets
Debtors 15 157,374 99,372
Cash at bank and in hand 607,453 543,374
764,827 642,746
Creditors: amounts falling due within
one year (335,591) (231,043)
Net current assets 429,236 411,703
Total assets less current liabilities 706,426 702,573
Income funds
Restricted
funds
18 103,768 142,065
Designated
unrestricted
funds 286,985 260,563
General
unrestricted
funds 315,673 299,945
706,426 702,573

2023 2022
Notes 6 f.
Cash flows from operating activities
Cash generated
from operations
23 73,603 96,035
Investing activities
Purchase oftangible
fixed assets
(11,547) (52,564)
Proceeds from disposal oftangible
fixed
assets 2,023
Proceeds from disposal ofsubsidiaries
Net cash used in investing activities (9,524) (52,563)
Net cash used in financing activities
Net increase
in cash and cash equivalents
64,079 43,472
Cash and cash equivalents at beginning ofyear 543,374 499,902
Cash and cash equivalents at end of year 607,453 543,374

Freehold
land and buildings
2% straight
line
Leasehold
land and buildings
Over the period of the lease
Fixtures,
fittings and equipment
10-25%straight line
Computers 10-25%straight line
Motor vehicles 20-50% straight line

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Service levelService Service levelService level
agreements,
agreements,
grants
and
grants and
other other
income income
2023 2022
f f
Sales within charitable
activities
5,280 4,544
Services provided under contract 434,792 395,662
Performance
related grants
717,562 641,231
Charitable
rental
income 1,036 813
1,158,670 1,042,250
Analysis
by fund
Unrestricted
funds - general
588,432 383,567
Restricted
funds
570,238 658,683
1,158,670 1,042,250
Performance
related grants
Holiday Activity and Food (HAF) Grant 108,128 126,827
Office ofthe Police and Crime Commissioner —Safer Communities Fund 92,975 82,500
Big Lottery Fund 122,846 100,451
BBCChildren
in
Need 39,005 98,818
Hampshire
and Isle of Wight Community
Fund 50,028 48,679
Henry Smith Trust 70,000 80,000
Garfield Weston Foundation 40,000
William Wates Memorial Trust 9,500
CCG Grants 25,000 20,000
National
Lottery
Heritage Fund 35,860
The Hollyhock
Charitable
Foundation 60,000
The Partnership Foundation 23,000
PCC Youth Service Expansion Grant 19,406
Sport England 9,990 4, 122
The Guineas
Partnership
10,783 5,635
Geoff Herrington 7,643
Vivid Homes 5,540
Other 37,358 24,699
717,562 641,231

6 Other income
Unrestricted Total
funds
general
2023 2022
E F
Net gain on disposal oftangible fixed assets 2,023
6 Raising funds
Unrestricted Unrestncted
funds funds
general general
2023 2022
F. F
neration
Other fundraising costs 2,525 8,304
Staff costs 73,887 50,721
76,412 59,025

Charitable a ctiviti es
Provision
of
Provision of
Services for Services for
Young Young
People People
2023 2022
f f
Staff costs 837,226 699,569
Depreciation and impairment 25,228 15,164
Other staff costs 45,233 30,865
Volunteer expenses 698 305
Partnered delivery 19,497 33,204
Activities 120,376 73,622
Insurance 5,950 3,286
Premises 48,653 39,073
Communications 16,352 15,389
Transport 18,110 16,408
Computer expenses 20,624 15,816
Subscriptions 987 1,068
Bicycle Recyding intercompany balance 9,003
Other expenses 1,109 1,103
1,160,043 953,875
Share ofgovernance costs (see note 8) 27,452 20,585
1,187,495 974,460
Analysis by fund
Unrestricted funds —general 577,203 345,749
Restricted funds 610,292 628,711
1,187,495 974,460

8 Support costs
Support Governance 2023 2022
costs costs
E f
Audit fees 6,600 6,600 6,000
Accountancy 8,992 8,992 11,294
Legal and professional 9,968 9,968
Trustees
indemnity
insurance 1,670 1,670 1,325
Trustees
meetings
222 222 1,966
27,452 27,452 20,585
Analysed
between
Charitable
activities
27,452 27,452 20,585
9 Net movement in funds 2023 2022
f E
Net movement in funds is stated after charging/(crediting)
Fees payable to the company's auditor for the audit ofthe company's financial
statements 6,600 6,000
Depreciation
of
owned tangible fixed assets 25,229 15,164
(Profit)/Loss
on
disposal offixed assets (2,023) 1

The average mon thly
number
ofemployees
during the year
was:
2023 2022
Number Number
Chief Executive 1 1
Fundraising staff 2 1
Direct Charitable and other staff 31 25
Total 27

11 Employees (Continued)
Employment
costs
2023 2022
E f
Wages and salaries 838,381 687,237
Social security costs 57,524 50,187
Other pension costs 15,208 12,866
911,113 750,290

Total Unrestricted
funds
general
2023 2022

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15 Debtors
Amounts
falling
due within one year: 2023f 2022
f
Trade debtors 145,246 79,153
Other debtors 1,408 647
Prepayments
and
accrued income 10,720 19,572
157,374 99,372
18 Creditors: amounts falling due within one year
2023 2022
Notes E
Other taxation
and social security
16,325 14,538
Deferred income 17 276,875 154,737
Trade creditors 7,394 24,135
Accruals 34,997 37,633
335,591 231,043
17 Deferred income
2023f 2022
f
Other deferred
income
276,875 154,737
Deferred income is included in the financial statements as follows:
2023 2022
E f
Deferred income is included within:
Current
liabilities
276,875 154,737
Movements
in the year:
Deferred
income
at 1 April 2022 154,737 175,688
Released
from previous
periods
(154,737) (175,688)
Resources deferred in the year 276,875 154,737
Deferred income at 31 March 2023 276,875 154,737
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Balance at Transfers Balance at Transfers Balance at
1 April 2021 1 April 2022 31 March 2023
E E E E
Fixed Assets Fund 206,279 54,284 260,563 (3,578) 256,985
Financial Sustainability Fund 30,000 30,000
206,279 54,284 260,563 26,422 286,985
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2023 2022
f f
Within one year 26,456 8,635
Between two and five years 106,911 10,367
In over five years 150,000
283,367 19,002

2023f 2022
f
Aggregate
compensation
152,181 143,485
23 Cash generated
from
operations 2023 2022
f f
Surplus
for the year
3,853 86,786
Adjustments
for:
(Gain)/loss
on disposal
oftangible fixed assets (2,023) 1
Depreciation
and impairment
oftangible
fixed assets 25,229 15,166
Movements
in working
capital:
(Increase)
in debtors
(58,002) (6,285)
(Decrease)/increase
in
creditors (17,592) 21,318
Increase/(decrease)
in
deferred income 122,138 (20,951)
Cash generated
from
operations 73,603 96,035
24 Analysis ofchanges in net funds
The charity had no debt during the year.