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2023-03-31-accounts

SALUSBURY WORLD

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

CHARITY NO. 1071065

SALUSBURY WORLD Contents

Page
Legal and administrative information 1
Report of the trustees 2-7
Report of the Reporting Accountants 8
Statement of Financial Activities 9
Balance Sheet 10
Accounting policies 11-12
Notes forming part of the financial statements 13-16
Detailed income & expenditure account 17
Page 17 does not form part of the statutory accounts.

SALUSBURY WORLD Legal and Administrative Information

Trustees Gillian Self (Chair)
Fatemah Darakah (resigned December 2021)
Hilary Brigden (resigned December 2022)
David Kaye
Holta Loku
Viviana Young
Amy Lewis
Giles Deards
Administrator/Manager Sarah Reynolds
Administration office address Salusbury Primary School
Salusbury Road
London NW6 6RG
Charity registration no.: 1071065
Reporting Accountants: TKG Partnership Ltd
Chartered Accountants
3 Gateway Mews
Ringway
Bounds Green
London N11 2Ut
Bankers: Cooperative Bank Plc
Ground Floor, Bury House
31 Bury Street
London
EC3A 5AR

Page 1

SALUSBURY WORLD Trustees' Report for the Year Ended 31 March 2023

The trustees are pleased to present their annual trustees' report for the year ended 31 March 2023.

The financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

Structure, Governance and Management

Governing Document

Salusbury World is a registered charity governed by its Trust Deed dated 13 July 1998

Recruitment & Appointment of Trustees

The trustees and directors who have served throughout the year are shown on page 1. Appointment of directors/trustees is governed by the Trust Deed.

New trustees are required to go through the safe recruitment procedures as paid members of staff. New trustees are given induction and information regarding their legal obligations under charity law, the decision making process, the business plan, and recent performance of the charity. All undergo an enhanced check by the Disclosure and Barring Service and receive training in safeguarding and child protection.

The board of trustees aims to represent a range of skills and background, including: education, parents of children who attend or used to attend Salusbury School Primary School, finance & business professionals.

Organisational Structure

The charity is organized so that the trustees meet regularly to manage its affairs.

Risk Management

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at the current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions.

The trustees also review non-financial risks and these risks are managed by ensuring compliance with all health and safety regulations for clients, staff and volunteers.

Related parties

None of the trustees receive remuneration or other benefit in their capacity as trustees of the charity. Any connection between a trustee of the charity and organisations providing services to the charity must be disclosed to the full board of trustees in the same way as any contractual relationship with a related party. In the current year no such related party transactions were reported.

Pay policy for senior staff

The charity's board of trustees and senior management team comprise the key management personnel of the charity in charge of directing , controlling, running and operating the charity on a day to day basis.

Purpose and objectives

The charity's objects are to: advance education; relieve poverty, distress and suffering; preserve and protect physical, emotional or mental health by appropriate charitable education, rehabilitative, financial and other assistance.

In prioritising the objects of the charity trustees have a due regard to the guidance on public benefit issued by the Charity Commission.

Activities 2022/23

Salusbury World’s aim is that refugees, migrants and asylum seekers who seek our help will have the ability and confidence to navigate and succeed in society, feel supported and hopeful for the future

Our work includes:

· An accredited advice and advocacy service which provides help at critical moments, and ongoing support, to ensure that families receive the benefits and immigration rights to which they’re entitled, and have an understanding of those systems so that they can navigate them independently in the future

· A women’s project, including English language classes to enable them to improve their language skills and thus their ability to manage their affairs, to support their children in school, and to seek employment.

· Social and cultural activities for children and adults, including creative writing and music projects which help build friendships, confidence and a sense of belonging.

· One-to-one educational mentoring for teenagers - we pair teenagers who are new to school in London, with a trained volunteer who helps them with homework once a week. The young people grow in confidence and feel more settled in school.

Page 2

SALUSBURY WORLD Trustees' Report for the Year Ended 31 March 2023 (continued)

Our work includes (continued)

· After-school and holiday clubs – providing children with a safe space to play and to develop friendships and confidence.

· Volunteering experience – teenagers and adults assist us with our activities for younger children and gain confidence and useful experience for job and college applications.

In 2022/2023 we worked directly with 659 people ( 380 children and young people and 279 adults).

During the last year we have embedded our work with three family wellbeing centres in Brent (Three Trees, Granville and Curzon). These partnerships are already transformative for Salusbury World and we look forward to building on them over the coming years.

Services for Refugee Children and Young People. (Staffing 2.8 FTE)

Young people (11-18): 239

Educational Mentoring: 51

Games club: 48 Drama therapy: 15 Yoga: 10 Holiday Programmes: 130

New arrivals (Proud Places, Shubbak): 25

Children aged 5-11: 141

After school and holiday programmes: 45

Music Project with Music Action International (Harmonise): 96

Educational Mentoring.

The mentoring programme delivered weekly, one to one, term time support to 51 refugee and migrant secondary school pupils over the 2022/23 academic year in four locations (Queens Park Community School, Capital City Academy, Granville Family Wellbeing Centre and online).

Impact:

62% reported improvement in one of their key subjects (English, maths and science).

69% said they now had greater confidence communicating in English

Quotes from mentees:

“I found it very helpful and found myself motivated and determined because it was helping improve my English.”

“The way she speaks to me and understands when I am in difficulties. She has time and we [go] over things together. And she is funny.”

“She helps with homework and also if I want to talk, I can talk to her knowing it is safe to talk to her.”

Holiday Programmes for Young People.

The children and teenagers who come to our holiday clubs grow in confidence and self-esteem, develop friendships and become less socially-isolated.

130 children and young people took part in our clubs which ran in all the school holidays save for the Christmas holidays.

Young people were able to try all sorts of activities such as kayaking, bowling, trampolining and circus skills. Our long-term partnership with Create Arts gave opportunities for painting, jewellery-making and animation. We also made time to just hang out and play.

Page 3

SALUSBURY WORLD Trustees' Report for the Year Ended 31 March 2023 (continued)

Holiday Programmes for Young People. (continued)

We asked the participants what they thought at the end of every day, here is their feedback:

“I can say hello to people I don't know and put forward my ideas to them.”

“We love chatting and playing together, with our friends. It’s difficult to meet otherwise. We don’t live near each other or near a park. Here we can relax and play, we feel at home.”

“I have not felt this happy in two years.”

Impact:

98% of participants enjoyed the club’s activities.

86% of participants felt more connected after attending the club

Children aged 5-11.

This year, our club for under-11s changed its focus.

Our sessions combined play with one-to-one EAL (English as an Additional Language) support. The club has always aimed to increase confidence and help children thrive in school. Covid lockdowns drove a focus on homework and catching-up on missed time in the classroom. This year our team responded to a clear demand from children for something different at the club. Many of this year’s participants were new to the UK and to English.

Children struggled with homework that damaged their confidence rather than developed it. In order to thrive, they needed help with their language skills and support to make friends and build confidence. Play became a greater priority. The club takes place at the Granville Family Wellbeing Centre.

Staff and volunteers support children one-to-one with English and in small groups for games and art activities.

We often play in the local park.

22 children attended the club in 2022-23.

Page 4

SALUSBURY WORLD

Trustees' Report for the Year Ended 31 March 2023 (continued)

Holiday Programmes for Young People. (continued)

Children and parents said:

“My child feels safe, relaxed and happy.”

“S really wants to come back now that we are living nearby again.”

“D was recently on a school outing all day but insisted I bring him for the last 40 minutes of the club because he did not want to miss a single week.”

‘The club is my favourite thing in the week’

70% of children said they had ‘a lot’ of friends.

Every parent said they struggled to support their children with homework themselves.

Harmonise

In April 2022 we partnered with Music Action International again, bringing almost 100 children to participate in their ten-week Harmonise programme.

Groups from:

Salusbury Primary School (year 4)

Stonebridge Primary School (year 5)

Kilburn Grange Primary School (year 3)

Granville Family Wellbeing Centre (8-11)

This culminated in a phenomenal performance in the Clore Ballroom at the South Bank in October 2022.

ADULT SERVICES. (Staffing 2.0 FTE)

Advice and Advocacy .

Our advice project provides help at critical moments, and ongoing support.

We ensure that refugees and asylum-seekers receive the benefits and immigration rights to which they’re entitled and have an understanding of those systems so that they can navigate them independently in the future.

The demand for free, specialist advice for new migrants far outstrips supply in London. The people who come to us for help are often in despair. In February 2023, for the first time ever, we closed our doors to new clients because our advisors were overwhelmed by demand.

Local advice organisations and the 10 partners funded by the GLA’s ‘Advice in Community Settings’ project all reported significant increases in the complexity of issues experienced by advice-seekers.

In 2022/23, our team supported 240 people.

NB Salusbury World continues to be part of a neighbourhood collaboration distributing 65 bags of fresh food/week to local families.

Appeals: over £72,000 is recovered annually by Salusbury World staff challenging decisions over entitlements. At present we have a 100% success rate in challenging these decisions.

CLIENTS said:

Page 5

SALUSBURY WORLD Trustees' Report for the Year Ended 31 March 2023 (continued)

ADULT SERVICES. (Staffing 2.0 FTE) (continued)

Advice and Advocacy .

Partner organisations said:

“I would like also to grasp this occasion to thank you for everything you are doing for our clients. Your work is indispensable and extremely valuable .” Annalise Cortese Psychological Therapist, Freedom from Torture

Women’s Project.

The refugee and migrant women who join our project develop the fluency and confidence in English to manage independently and confidently in their everyday lives in London. They make friends and feel less isolated.

We provide free, flexible and accessible English classes at local Family Wellbeing Centres (where free childcare is available). Our curriculum is determined by the women and the issues and concerns affecting their daily lives. The lesson content emerges through discussion, with the class often offering peer advice from shared experience.

In addition to this, our partnerships have enabled us to offer a variety of trips, workshops and a monthly film club (with the Lexi Cinema).

In 2022/23 we were fortunate enough to become involved in the Old Vic Community Programme- a year of workshops, visits and free tickets to shows such as ‘A Christmas Carol’ and ‘Sylvia’ at the Old Vic Theatre.

43 women (from 18 different countries) joined the project in 2022-23.

Participants said:

“I now speak in sentences and can see my GP on my own.”

“At the beginning of the workshop I was not confident to join in the activities but after a while I felt very confident and joined in. It was fun.”

“Before I was scared to speak to anyone. Now I help all my friends, At school I help all Arabic speaking friends to communicate with teachers and receptionist. If they have any questions, they ask me to help them.”

We are completely indebted to the 78 volunteers who made it possible to deliver these services. Their commitment, expertise, generosity, and humour are unrivalled.

"Volunteering at Salusbury World is really rewarding. The team is committed and passionate and this really shows in their work. Volunteers are valued members of the team and there is a real focus on how this experience can help with their personal development as well as what they can bring to the work." KH, Volunteer with advice team.

We are also indebted to the remarkable organisations and individuals with whom we partner to extend the range and quality of activities we are able to offer.

In 2022/2023 our especial thanks go to the Lexi Cinema, Create, the Old Vic Theatre, the Heritage of London Trust (Proud Places), Shubbak and Music Action International.

As always, we organised several events aimed at challenging perceptions of migration and human rights.

Priorities for 2022/2023

Trustees noted the in-year deficit and made the following decisions with a view to boosting income & efficiency:

To review the charity’s activities and develop a strategic plan for the coming three years.

Page 6

SALUSBURY WORLD Trustees' Report for the Year Ended 31 March 2023 (continued)

Financial review for the year

Total income for the year amounted to £316,933 with total expenditure of £382,050, leaving a deficit in the year of £65,117.

Accumulated reserves at the balance sheet date amounted to £95,810, of which £94,910 represent income reserves.

Investment powers and policy

The trustees, having regard to the liquidity requirements of operating the charity's activities, have kept a proportion of available liquid funds in an interest bearing account to maximise the rate of return, although given current rates of interest the rate of return is minimal. The trustees will review the position and consider alternative investments to maximise returns but will continue with a risk averse policy.

Reserves policy and going concern

The Trustees have undertaken a review of the charity's requirements for reserves in light of the main risks to the organisation, and the results for the year 2022/23. Current unrestricted reserves are £95,810 of which £40,000 are held in a designated staff reserve fund. Funding for next 12 months is anticipated to be in line with 2022/23 and this together with reserves held will be sufficient to ensure the charity continues its's activities at current levels for the following 12 months.

Trustees responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Reporting Accountants

A resolution to re-appoint TKG Partnership Ltd will be proposed at the AGM.

By order of the board of trustees

………………………………………………………………… A Lewis

Trustee 23 January 2024

Page 7

SALUSBURY WORLD INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF SALUSBURY WORLD

I report to the Trustees on my examination of the accounts of Salusbury World (the charity), charity number 1071065, for the year ended 31 March 2023, which are set out on pages 9 to 16.

Respective responsibilities of trustees and examiner

The charity's Trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 ('the Act').

The charity's Trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out below.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies.

In connection with my examination, no material matters have come to my attention which gives me cause to believe, that in any material respect:

I have no concerns and have come across no other matter in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Chrysostomos Kyprianou TKG Partnership Ltd Chartered Accountants

3, Gateway Mews Ringway Bounds Green London N11 2UT

23 January 2024

Page 8

SALUSBURY WORLD Statement of financial activities for the year ended 31 March 2023

----- Start of picture text -----
Unrestricted/ Restated
Restricted Designated Total Total
Notes Funds Funds 2022/23 2021/22
£ £ £ £
Income:
Income from other charitable activities
Fundraising & other income 2 224,159 92,774 316,933 298,844
Total income 224,159 92,774 316,933 298,844
Expenditure
Expenditure on charitable activities:
Direct Charitable expenditure 4 233,484 75,207 308,691 233,926
Fundraising costs 5 - 37,822 37,822 47,094
Governance & support costs 6 - 35,537 35,537 44,764
Total expenditure 233,484 148,566 382,050 325,784
Net income/(expenditure) and net movements
in funds before gains and losses on investments
7 (9,325) (55,792) (65,117) (26,940)
Total funds brought forward 9,325 151,602 160,927 187,867
Total funds carried forward - 95,810 95,810 160,927
----- End of picture text -----

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

Page 9

SALUSBURY WORLD BALANCE SHEET AS AT 31 MARCH 2023

----- Start of picture text -----
Notes 2022/23 2021/22
£ £ £ £
Fixed Assets
Tangible fixed assets 12 900 1,351
Total fixed assets 900 1,351
Current Assets
Debtors 13 11,333 18,650
Cash at bank and in hand 85,857 223,335
Total current assets 97,190 241,985
Creditors: amounts falling due
within one year 14 (2,280) (82,409)
Net current assets 94,910 159,576
NET ASSETS 95,810 160,927
The funds of the Charity:
Restricted funds 15 - 9,325
Unrestricted funds 15 95,810 151,602
TOTAL CHARITY FUNDS 95,810 160,927
----- End of picture text -----

The notes at pages 11 to 16 form part of these accounts

Approved by the trustees on 23 January 2024

D Kaye Trustee

Page 10

SALUSBURY WORLD NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023

Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of financial statements are as follows

Basis of Preparation

The Financial statements have been prepared in accordance with Accounting and Reporting of charities : SORP applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective date 1 January 2015) - Charities SORP (FRS 102), the financial reporting standard applicable in the UK and Republic of Ireland (FRS 102).

Salusbury World meets the definition of Charity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy (notes).

Incoming resources

Income (including income from government and other grants) is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Interest and investment income receivable

Interest on funds held on deposit and income from investments held is included when receivable and the amount can be measured reliable by the charity.

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside for a specific purpose. Restricted funds are donations or grants which the donor has specified are to be solely used for a particular purpose or area of the Trust's work or projects being undertaken by the Trust.

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure has been incurred.

Taxation

As a grant aided charity with charitable status the charity's activities do not create a charge to corporation tax.

Operating leases

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Tangible fixed assets

Tangible fixed assets for use by the charity are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Page 11

SALUSBURY WORLD NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of less than three months from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or

Financial instruments

The trust has only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. The charity does not acquire put options, derivatives or other complex financial instruments and does not therefore face any financial risk.

Pensions

The Trust operates a defined contribution pension scheme.

Page 12

SALUSBURY WORLD Notes to the financial statements for the year ended 31 March 2023

1 Legal status of the Trust

The Trust is a registered charity governed by its Trust Deed dated 13 July 1998.

2 Financial performance of the charity
Income
Expenditure on charitable activities
Expenditure on fundraising activities
Governance costs
Net income/(expenditure)
Total funds brought forward
Total funds carried forward
Represented by:
Unrestricted funds
Restricted funds
3 Incoming resources: Unrestricted income
Donations:
GMS Estates
Queens Park Community
Enthuse.Com
The Childhood Trust
Choose Love
Brent Action for Refugees
Brent Advice Fund
Anonymous - Trust 1
Anonymous - Trust 2
Others
HMRC - Gift Aid
Fundraising events
HMRC - JRS
Restated
Queens Park Community
The Childhood Trust
Choose Love
Restricted income
Grants receivable - BBC Children in Need
Grants receivable - John Lyon's Charity
Grants receivable - Mayor of London (Advice in Community Settings)
Postcode Society
The Big Give
Queens Park Community
The Childhood Trust
Choose Love
Heritage Lottery Fund
French Huguenot
The London Community Foundation
L B Brent
London Catalyst
Gifts in kind - notional rent		 2022/23
£
316,933
308,691
37,822
35,537
382,050
(65,117)
160,927
95,810
95,810
-
95,810
17,142
-
2,473
-
-
-
-
8,000
-
51,133
14,026
-
-
92,774
-
-
-
92,774
18,650
55,000
46,738
24,883
20,558
10,000
10,000
-
6,730
6,000
10,000
2,100
1,500
12,000
316,933		 Restated
2021/22
£
298,844
233,926
47,094
44,764
325,784
(26,940)
187,867
160,927
151,602
9,325
160,927
17,142
10,000
8,287
3,250
15,000
4,034
3,990
-
50,000
78,390
-
1,905
4,101
196,099
(10,000)
(3,250)
(15,000)
167,849
18,650
50,000
22,095
-
-
10,000
3,250
15,000
-
-
-
-
-
12,000
298,844

Page 13

SALUSBURY WORLD Notes to the financial statements for the year ended 31 March 2023

----- Start of picture text -----
Restated
2022/23 2021/22
4 Analysis of expenditure on charitable activities
Staff costs 239,066 184,435
Other running costs 69,625 38,831
308,691 223,266
-
Re-allocation of costs from fundraising activities 10,660
308,691 233,926
5 Analysis of expenditure on fundraising activities
Staff costs 23,714 43,735
Other costs 14,108 14,019
37,822 57,754
-
Re-allocation of costs to direct charitable expenditure (10,660)
37,822 47,094
6 Analysis of governance and support cost
Staff costs 29,079 33,817
Accountancy fees 4,528 7,258
Legal & professional 1,930 3,680
Other running costs - 9
35,537 44,764
7 Net income /(expenditure) for the year
This is stated after charging:
Depreciation - owned assets 451 1,002
Reporting accountants remuneration for accountancy services 2,460 2,100
8 Analyses of staff costs, trustee remuneration and expenses, and the cost of key
management personnel
Wages and salaries 256,454 237,591
Employers national insurance 22,059 14,899
Pension contributions 13,346 9,497
291,859 261,987
The average number of staff employed during the year
were as follows:
Direct charitable 11 9
Governance & support 2 1
13 10
The number of employees whose emoluments as defined for taxation purposes
amounted to over £60,000 in the year were as follows: - -
----- End of picture text -----

9 Trustees' remuneration

The trustees were not paid or received any other benefits from the Charity during the year in their capacity as trustees.

10 Related party transactions

There were no related party transactions to be disclosed during the year under review.

11 Corporation Tax

The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

Page 14

SALUSBURY WORLD Notes to the financial statements for the year ended 31 March 2023

12 Tangible fixed assets

Cost:
At 1 April 2022
Additions		 Total
Unrestricted
Restricted
11,005
12,414
23,419
-
-
-
Fixtures, fitting and
equipment		 Total
Unrestricted
Restricted
11,005
12,414
23,419
-
-
-
Fixtures, fitting and
equipment
At 31 March 2023 11,005 12,414
23,419
Depreciation
At 1 April 2022
Charge in year		 11,005
-		 11,063
22,068
451
451
At 31 March 2023 11,005 11,514
22,519
Net book value
At 31 March 2023		 - 900
900
At 31 March 2022 - 1,351
1,351
13 Debtors
Prepayments and accrued income
All the charity's fixed assets are functional fixed assets used for charitable purposes		 2022/23
2021/22
11,333
18,650
and office running.
11,333
18,650
14 Creditors
Amounts falling due within one year:
Other taxation & social security
Accruals & deferred income		 -
5,129
2,280
77,280
2,280
82,409

15 Analysis of charitable funds Analysis of movement in restricted funds

Balance at
01/04/2022
Income funds:
Children in Need
9,325
Gifts in kind - notional rent
-
John Lyon's Charity
-
Mayor of London
-
Postcode Society
-
The Big Give
-
French Huguenot
-
Queens Park Community
-
The Childhood Trust
-
The
London
Community
Foundation
-
Heritage Lottery Fund
-
London Catalyst
L B Brent
-
Total restricted funds
9,325
Analysis of movement in unrestricted funds
Balance at
01/04/2022
General fund
110,251
Trustees Fund - designated
40,000
Capital Reserve - designated
1,351
Total restricted funds
151,602		 Income
18,650
12,000
55,000
46,738
24,883
20,558
6,000
10,000
10,000
10,000
6,730
1,500
2,100
224,159
Income
92,774
-
-
92,774		 Expenditure
27,975
12,000
55,000
46,738
24,883
20,558
6,000
10,000
10,000
10,000
6,730
1,500
2,100
233,484
Expenditure
148,115
-
451
148,566
2022/23		 Transfer
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Transfer
-
-
-
-		 Balance at
31/03/2023
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Balance at
31/03/2023
54,910
40,000
900
95,810

Page 15

SALUSBURY WORLD Notes to the financial statements for the year ended 31 March 2023

15 Analysis of charitable funds (Continued) Analysis of movement in restricted funds

Analysis of net assets between funds
Fixed assets
Cash at bank
Net assets/(liabilities)
Analysis of movement in restricted funds
Balance at
01/04/2021
Income funds:
Children in Need
-
Gifts in kind - notional rent
-
John Lyon's Charity
-
Mayor of London
-
Total restricted funds
-
Queens Park Community
-
The Childhood Trust
-
Choose Love
-
Total restricted funds - restated
-
Analysis of movement in unrestricted funds
Balance at
01/04/2021
General fund
147,315
Trustees Fund - designated
40,000
Capital Reserve - designated
552
Total
unrestricted
funds
-
restated
187,867
Analysis of net assets between funds
Fixed assets
Cash at bank
Net assets/(liabilities)		 Unrestricted
-
85,857
9,053
94,910
Income
18,650
12,000
50,000
22,095
102,745
10,000
3,250
15,000
130,995
Income
167,849
-
-
167,849
Unrestricted
-
223,335
(73,084)
150,251		 Designated
Restricted
900
-
-
-
-
-
900
-
Expenditure
Transfer
9,325
-
12,000
-
50,000
-
20,744
(1,351)
92,069
(1,351)
10,000
-
3,250
-
15,000
-
120,319
(1,351)
Expenditure
Transfer
204,913
-
-
-
552
1,351
205,465
1,351
Designated
Restricted
1,351
-
-
-
-
9,325
1,351
9,325
2021/22
2022/23
2021/22		 Total
900
85,857
9,053
95,810
Balance at
31/03/2022
9,325
-
-
-
9,325
-
-
-
9,325
Balance at
31/03/2022
110,251
40,000
1,351
151,602
Total
1,351
223,335
(63,759)
160,927

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