##
|||Page||
|---|---|---|---|
|Reference and Administrative
Details|1|to|2|
|Report ofthe Trustees|3|to|8.1|
|Report ofthe Statutory
Auditors|9|to|11|
|Statement
of Financial
Activities|12|||
|Balance Sheet|14|to|15|
|Cash Flow Statement||16||
|Notes to the Cash Flow Statement||17||
|Notes to the Financial Statements|19|to|25|
|Detailed Statement of Financial
Activities|26|to|31|
##
##
##
##
##
##
##
##
##
|Fr calbanefrrtc!sl|||r3,427,846|
|---|---|---|---|
|Pubhc
vatue total|||C25,132,204|
|Vaare to tire people ve help Ilenancisf cur co|meri total||C20,317.480|
|For everv C1, Crs infi calbenefas|||C4.34|
|For every Cl. Crr in pubfro value|||C31.85|
|Fcr ever le C1,Ca lrr vafkre to rive people vs help llinancial||outcomes l|C25.75|
|5av(r gstofccafsrstlakrttytorafffisoalbenefrts)|||C376,991|
|For every C'lof LAfrurrrdrng,
Csenfrscalberairt|totocaf surhorrrlr||C106|
|Reducinguseof
health servrces|||C490,353|
|Keeping people in vorir|||C'65,784|
|Total ssvrrg to I'IH5|||C576,137|
|Depsnrn ant cfMor le and Pension- (bykeeping people||invorl )|C1,343,954|
|Crarrfnsf Juste:e Sysremibypreventinghousingevlctfor||s sndhuvnetessn|C44 207|
|Total of Vakue ofAgnes|||C1,559774|
##
##
##
##
##
##
##
##
##
##
##
##
##
|for the Year Ended|31 March 2|023||||||
|---|---|---|---|---|---|---|---|
|||||||31.3.23|31.3.22|
|||||Unrestricted|Restricted|Total|Total|
||||Notes|fund
f|fund
E|funds|funds
E|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies|||2|54|85|139||
|Charitable
activities||||||||
|Charitable
activity||||411,709|671,741|1,083,450|975,003|
|Total||||411,763|671,826|1,083,589|975,009|
|EXPENDITURE ON||||||||
|Raising funds||||10||10||
|Charitable
activities|||5|||||
|Charitable
activity||||408,547|666,544|1,075,091|776,623|
|Total||||408,557|666,544|1,075,101|776,623|
|NET INCOME||||3,206|5,282|8,488|198,386|
|Transfers
between|funds||15|4,252|~4,332)|~50)|~41,525)|
|Net movement
in funds||||7,488|950|8,438|156,861|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward|||480,686|199,596|680,282|513,459|
|TOTAL FUNDS CARRIED FORWARD||||488,174|200,546|688,720|670,320|
##
|Balance Sheet
31 March 2023||||||
|---|---|---|---|---|---|
|||||31.3.23|31.3.22|
|||Unrestricted|Restricted|Total|Total|
||Notes|fund
6|fund
6|funds
f|funds
6|
|CURRENT ASSETS||||||
|Debtors
Prepayments
and accrued income
Cash at bank and in hand|11|(950)
4,255
724,727|950
189,096|4,255
913,823|(180)
(51,675)
879,845|
|||728,032|190,046|918,078|827,990|
|CREDITORS||||||
|Amounts
falling due within one year|12|(12,098)||(12,098)|(19,651)|
|NET CURRENT ASSETS||715,934|190,046|905,980|808,339|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||715,934|190,046|905,980|808,339|
|CREDITORS||||||
|Amounts
falling due after more than one||||||
|year|13|(126,827)|10,500|(116,327)|(138,019)|
|ACCRUALS AND DEFERRED INCOME|14|(100,933)||(100,933)||
|NET ASSETS||488,174|200,546|688,720|670,320|
|FUNDS|15|||||
|Unrestricted
funds
Restricted funds||||488,174
200,546|470,724
199,596|
|TOTAL FUNDS||||688,720|670,320|
##
##
|||Notes|31.3.23
f|31.3.22|
|---|---|---|---|---|
|Cash flows from operating|activities||||
|Cash generated
from operations||1|~15,831)|237,191|
|Net cash (used in)/provided|by operating||||
|activities|||~15,831)|237,191|
|Change
in cash and cash|||||
|equivalents
In the reporting
period|||(15,831)|237,191|
|Cash and cash equivalents|at the||||
|beginning
ofthe reporting|period||879,845|639,516|
|Cash and cash equivalents|at the||||
|end ofthe reporting
period|||913,823|879,845|
##
|ACTIVITIES||||||
|---|---|---|---|---|---|
|||||31.3.23|31.3.22|
||||||f|
|Net income|for the|reporting|period (as per the Statement|||
|of Financial|Activities)|||8,488|198,386|
|Adjustments|for:|||||
|Decrease
in|debtors||||2,346|
|(Decrease)/increase||in creditors||~24,319)|36,459|
|Net cash (used in)/provided|||by operations|~15831)|237,191|
##
|ANALYSIS OF C|HANGES
IN NET FU|NDS|||
|---|---|---|---|---|
|||At 1.4.22|Cash flow|At 31.3.23|
|||f|f|f|
|Net cash|||||
|Cash at bank and|in hand|879,845|33,978|913,823|
|||879,845|33,978|913,823|
|Total||~879845|33,978|913,823|
##
##
##
##
##
##
||||||||31.3.23
f|31.3.22
f|
|---|---|---|---|---|---|---|---|---|
||Gifts||||||2|1|
||Donations||||||137|5|
||||||||139|6|
||INCOME FROM||CHARITABLE ACTIVITIES||||||
||||||||31.3.23|31.3.22|
||||||Activity||f|f|
||LB Hounslow||||Charitable|activity|421,500|400,000|
||Thames Water|Trust|||Charitable|activity|33,244|33,244|
||EU Settlement|Scheme|||Charitable|activity|16,000|126,239|
||Big Lottery Grant||||Charitable|activity|5,126|24,818|
||City Bridge||||Charitable|activity|44,177|51,550|
||Help Through|Hardship|||Charitable|activity|223,510|148,489|
||Trust for London||||Charitable|activity|45,467|68,185|
||Lottery Grant||||Charitable|activity|44,143||
||Henry Smith Grant||||Charitable|activity|23,400||
||GLA Advice Buraeu||||Charitable|activity|16,000||
||CAB-Universal|help||to|||||
||claim
Other||||Charitable
Charitable|activity
activity|210,883|123,695
~1,217)|
||||||||1,053.450|075,003|
||Grants received,||included||in the above, are as follows:||||
||||||||31.3.23|31.3.22|
||||||||f.|f|
|4.|RAISING FUNDS||||||||
||Raising donations|||and|legacies||||
||||||||31.3.23
f|31.3.22
f|
||Supportcosts||||||10||
##
|||||||Support||
|---|---|---|---|---|---|---|---|
||||||Direct|costs (see||
||||||Costs|note 6)|Totals|
||||||6|E|6|
||Charitable|activity|||1,007,015|68,076|1,075,091|
|6.|SUPPORT|COSTS||||||
||||||Information|Human||
||||||technology
f|resources
E|Other
F|
||Raising donations||and legacies||||10|
||Charitable|activity|||12,455|322|17,200|
||||||12455|322|17,210|
|||||||Governance||
|||||Other 2|Other 3|costs|Totals|
|||||E|E|E|6|
||Raising donations||and legacies||||10|
||Charitable|activity||23,055|4,814|10,280|~68076|
|||||23,055|4,814|10,280|68,086|
|31.3.23|31.3.22|
|---|---|
||E|
|3,000||
##
##
|9.|STAFF COSTS||||||||
|---|---|---|---|---|---|---|---|---|
||||||||31.3.23|31.3.22|
||||||||f|6|
||Wages and salaries||||||881,712|634,317|
||Social security costs||||||76,285|50,978|
||Other pension costs||||||17,967|12,428|
||||||||975,964|697,723|
|Only|one member ofstaff|is paid more|||than 660,000 PA.||||
||The average
monthly||number|of|employees|during the year was as|follows:||
||||||||31.3.23|31.3.22|
||||||||35|30|
|10.|COMPARATIVES
FOR THE STATEMENT|||||OF FINANCIAL ACTIVITIES|||
|||||||Unrestricted|Restricted|Total|
|||||||fund
F|fund
f|funds|
||INCOME AND ENDOWMENTS||||FROM||||
||Donations
and legacies||||||||
||Charitable
activities||||||||
||Charitable
activity|||||400,000|575,003|975,003|
||Total|||||400,007|575,002|975,009|
||EXPENDITURE ON||||||||
||Charitable
activities||||||||
||Charitable
activity|||||203,176|573,447|776,623|
||NET INCOME|||||196,831|1,555|198,386|
||Transfers
between|funds||||~360)|~41,165)|~41,525)|
||Net movement
In funds|||||196,471|(39,610)|156,861|
||RECONCILIATION|OF FUNDS|||||||
||Total funds brought||forward|||274,253|239,206|513,459|
||TOTAL FUNDS CARRIED||||||||
||FORWARD|||||470 724|199,596|670,320|
##
##
|for th
|e Year Ended
|31 March 2
|31 March 2
|023|023|||||
|---|---|---|---|---|---|---|---|---|---|
|11.|DEBTORS:|AMOUNTS||FALLING DUE||WITHIN ONE YEAR||||
|||||||||31.3.23|31.3.22|
|||||||||6|E|
||Deposit held||||||||~180)|
||||||||||~180)|
|12.|CREDITORS: AMOUNTS||||FALLING DUE WITHIN ONE YEAR|||||
|||||||||31.3.23|31.3.22|
||Trade creditors|||||||5,323|5,232|
||Social security and other||||taxes|||3,785|6,503|
||Accrued expenses|||||||2,990|7,916|
|||||||||12,098|19651|
|13.|CREDITORS: AMOUNTS||||FALLING DUE AFTER MORE THAN|||ONE YEAR||
|||||||||31.3.23|31.3.22|
|||||||||6||
|||||||||110,331|130,742|
|||||||||5,050
946|6,060
~1217|
|||||||||116,327|138,019|
|14.|ACCRUALS|AND DEFERRED INCOME||||||||
|||||||||31.3.23|31.3.22|
||||||||||6|
||Accruals and|deferred|income|||||100933||
|15.|MOVEMENT|IN FUNDS||||||||
||||||||Net|Transfers||
||||||||movement|between|At|
|||||||At 1.4.22|in funds|funds|31.3.23|
|||||||B||||
||Unrestricted|funds||||||||
||General fund|||||480,686|3,206|4f282|488,174|
||Restricted funds|||||||||
||Restricted
Funds|||||199,596|5,282|(4,332)|200,546|
||TOTAL FUNDS|||||||||
##
##
|Net movement
in funds, included
in|the above are as follows:|||
|---|---|---|---|
||Incoming|Resources|Movement|
||resources|expended|in funds
f|
|Unrestricted
funds||||
|General
fund|411,763|(408,557)|3,206|
|Restricted funds||||
|Restricted
Funds|671,826|(666,544)|5,282|
|TOTAL FUNDS|1,083,589|J1,075,1013|8,488|
##
|Comparatlves
for movement|in funds||||
|---|---|---|---|---|
|||Net|Transfers||
|||movement|between|At|
||At 1.4.21|in funds
f|funds
f|31.3.22|
|Unrestricted
funds|||||
|General
fund|274,253|196,831|(360)|470,724|
|Restricted funds|||||
|Restricted
Funds|239,206|1,555|(41,165)|199,596|
|TOTAL FUNDS|513,459|198,386|~41,525)|670,320|
|Comparative
net movement
in funds,|included
in the above are as|follows:||
|---|---|---|---|
||Incoming|Resources|Movement|
||resources
f|expended
f|in funds
f|
|Unrestricted
funds||||
|General
fund|400,007|(203,176)|196,831|
|Restricted funds||||
|Restricted
Funds|575,002|(573,447)|1,555|
|TOTAL FUNDS|~975009|~776623)|198386|
##
|A current year 12months
and|prior year 12 months
c|ombined
posi|tion
is as follo|ws:|
|---|---|---|---|---|
|||Net|Transfers||
|||movement|between|At|
||At 1.4.21|in funds
f|funds
f|31.3.23
f|
|Unrestricted
funds|||||
|General
fund|274,253|200,037|3,922|478,212|
|Restricted funds|||||
|Restricted
Funds|239,206|6,837|(45,497)|200,546|
|TOTAL FUNDS|513,459|206,874|~41,575)|678,758|
|A current
year
12 months
and
pri
included
in the above are as follows:|or year 12 months
combine|d
net moveme|nt
in fund|
|---|---|---|---|
||Incoming|Resources|Movement|
||resources
f.|expended|in funds
f|
|Unrestricted
funds||||
|General fund|811,770|(611,733)|200,037|
|Restricted funds||||
|Restricted
Funds|1,246,828|(1,239,991)|6,837|
|TOTAL FUNDS|2, 058 548|~1,854,724I|205.874|
##
##
|for the Year En|ded 31 March 2023|||
|---|---|---|---|
|||31.3.23|31.3.22|
|INCOME AND|ENDOWMENTS|||
|Donations
and|legacies|||
|Gifts||2||
|Donations||87||
|||89||
|Charitable
activities||||
|LB Hounslow||421,500|400,000|
|Thames Water|Trust|33,244|33,244|
|EU Settlement|Scheme|16,000|126,239|
|Big Lottery Grant||5,126|24,818|
|City Bridge||44,177|51,550|
|Trussel Trust||223,510|148,489|
|Trust for London||45,467|68168|
|Lottery Grant||44,143||
|Henry Smith Grant||23,400||
|GLA Advice Buraeu||16,000||
|CAB-Universal
Other|help to claim|210,883|123,695
~1,217)|
|||1,083,450|975,003|
|Total Incoming|resources|1,083,539|975,009|
|EXPENDITURE||||
|Charitable
activities||||
|Wages||881,712|634,317|
|Social security||76,285|50,978|
|Pensions||17,967|12,428|
|Citizens Advice|Subscriptions|10,411|9,790|
|Reference Materials||1,072|385|
|Telephone||7,397|11,880|
|Travelling||1,940|46|
|Training||492|1,043|
|Office expenses||2,663|2,698|
|Translation
Services||7,076|1,763|
|||1,007,015|725,328|
|Support costs||||
|Information
technology||||
|ITSupport||6,854|13,658|
|Carried forward||6,854|13,658|
##
##
|for the Year E|nde|d 31|March 2023|||
|---|---|---|---|---|---|
|||||31.3.23|31.3.22|
||||||6|
|Information|technology|||||
|Brought forward||||6,854|13,658|
|IT Software||||322|1,954|
|IT equipment||||4,261||
|Website costs||||1,018|3,060|
|||||12,455|18,672|
|Human
resources||||||
|HR And Employment|||support|322|3,997|
|Support expenses||||||
|Insurance||||1,956|1,844|
|Bank Charges||||65|76|
|Consultancy||||8,546|6,118|
|Sundries||||4,530|7,028|
|Payroll services||||2,113|1,717|
|||||17,210|16,783|
|Office running||expenses.||||
|Independent|Examiners Fees|||950|1,500|
|Repairs and|maintenance|||5,397|183|
|Rent & Service Charge- Chiswick||||9,132|(8,695)|
|Rent & Service Charge- Hounslow|||||(150)|
|Office Equipment||||1,739|9,584|
|Recruitment||||585|3,187|
|Cleaning||||5,202|3,398|
|||||23,005|9,007|
|Office expenses||||||
|Postage and|stationery|||4,814|2,788|
|Sundries|||||48|
|||||4,814|2,836|
|Governance|costs|||||
|Auditors'
remuneration||||3,000||
|Accountancy|fees|||7,119||
|Legal fees||||161||
|||||10,280||
|Total resources|expended|||1 076 101|776623|
|Net income||||8,488|198,386|
##
|The maj|or|assumpt|ions|use|d b|y the actuary wer|e (ln nominal term|s) as foffows:|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||As at||As at|
|||||||||3/31/2023||3/31/2022|
|Discount|rate||||||||4.80%|2.80%|
|Ingatlon|assumption||(RPI)||||||3.30%|370%|
|Inflation|assumpffon||(CPI)||||||2.85%|325%|
|Revaluation||ofdeferred||pensions||in excess of GMP|||2.85%|3.25%|
|Pension|in payment||increases||of:||||||
|- CPI or|5%|p.a. Ifless|||||||2.85%|325%|
|-CPI intlatlon||since|reffremsnt||or|5%p.a, compound|ifless||2 85%|3.25%|
|—CPI or|3%|p.a. Ifless|||||||2.50%|2.70%|
|||||||||||75%of HMRC|
|Commutation||ofpension||for cash||at retirement||75%of HMRC|maximum|maximum|
|||||||As at|As at|
|---|---|---|---|---|---|---|---|
|||||||3/31/2023|3/31/2022|
|Assumed|life expectancies|||on retirement|at age 65ers:|||
|Retiring
today - Males||||||20.8|21.3|
|Retiring today - Females||||||23.6|24.2|
|Retiring
in|20 years time|-|Males|||22.0|22.6|
|Retiring
in|20 years time|-|Females|||24.7|25.7|
|||||||Value at|Value at|
|||||||3/31/2023|3/31/2022|
|||||||EOOOs|EOOOs|
|The assets|In the Plan|were:||||||
|Multi asset|funds|||||24,903|68,955|
|Structured|equity and LDI|||||35,116|27,488|
|Cash||||||726|5771|
|Fair value|ofPlan assets|||||60 745|102214|
|The actual|return on assets|||over the period wss:||(37,084)|5,301|
|Present value offunded||obligations||||111,169|148,768|
|Fair value of Plan assets||||||60,745|102214|
|Surplus/(deficit)
In funded|||scheme|||60424|46 554|
|Present value of unfunded|||obligafions|||||
|Unrecognised
actuarial
gains||||(losses)||||
|Ad)ustment|in respect of|asset||ceOlng||||
|Net gabglty|in balance sheet|||||50424||
||||3/31/2023|3/31/2022|
|---|---|---|---|---|
||||EOOOs|EOOOs|
|Beneffi obligation|at beginning|ofyear|148,768|161,415|
|Current service cost|||832|771|
|Interest cost|||4,074|3,346|
|Contributions
by Plan participants|||0|0|
|Actuarial
(gains)/losses|||(35,041)|(11,745)|
|Benefits paid snd|expenses||(7,464)|(5,019)|
|Past service cost|||0|0|
|Settlements|||||
|Business combinations|||||
|Exchange rate|||||
|Benefit obligation|at end of|year|111169||
||||||3/31/2023|3/31/2022|
|---|---|---|---|---|---|---|
||||||6000s|KOOOs|
|Fair value of|Plan assets|at beginning||of year|102,214|99,353|
|Interest income on Plan assets|||||2,801|2,061|
|Return on assets, excluding|||interest|income|(39,885)|3,240|
|Contributions|by employers||||3,079|2,579|
|Contributions|by Plan participants|||||0|
|Benefits paid|and expenses||||(7,464)|(5,019)|
|Business combinations|||||0|0|
|Settlements|||||||
|Exchange rate|||||||
|Fair value of|Plan assets|at end of||year|60745|102214|
|The amounts|recognised||in profit orloss:||||
||||||3/31/2023|3/31/2022|
||||||6000s|6000s|
|Service cost -|inc. current|&|psst service costs, seNlements||||
|Service cost -|administrative||cost||832|771|
|h/et inierest on the net defined benelit||||liabOity|1 273|1 285|
|Totalexpense|||||2105|2 056|
||||||3/31/2023|3/31/2022|
|---|---|---|---|---|---|---|
||||||6000s|6000s|
|Actuarial|(gains)/losses
on the liabilities||||(35,041)|(11,745)|
|Return
on
Changes|assets, excluding
in the effect ofthe||Interest income
asset ceiling excluding|interest|39,885|(3,240)|
|income|||||||
|Total remeasurement||ofthe net degned benefit||gabllity|||
|(asset) to be shown||In OCI|||4,844|14985|
|arne|ouns|ow|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||2022/23|||||2021/22|||||2020/21||
|||||4.80'/o|||||80a/o|||||2. 10'16|
||||Amount|10,500||||Amount|10,500||||Amount|10,500|
||Year|||||Year|||||Year||||
|ZM4|||100,00'i'o|10,500|2023||1|100.00%|10,500|2022||1|100,00%|10,500|
|2025||2|95.42/o|10,019|2024||2|97.28'i'o|10,214|2023||2|97.94'/o|10,284|
|2026||3|91,05'i'o|9,560|2025||3|94.63%|9,936|2024||3|95,93%|10,073|
|2027||4|86.88%o|9,122|2026||4|92.05%|9,665|2025||i1|93,96%|9,865|
|2028||5|82.909/o|8,705|2027||5|89,549ie|9,402|2026||5|92,02%|9,662|
|2029||6|79.10'io|8,306|202B||6|87.10%|9,146|2027||6|90.13%|9,464|
|2030||7|75.489i'o|7,925|2029||7|84.73%o|8,897|2028||7|88.28%|9,269|
|2031||8|72,029i'o|7,562|2030||8|82.42o/o|8,654|2029||8|86,46%|9,078|
|2032||9|6872%|7216|2031||9|80,18'ie|8,419|2030||9|84 68o/o|8,892|
|2033||10|65.58'i'o|6,886|2032||10|77.99%|8,189|2031||10|82.94 r'o|8,709|
|2034||11|62.57%|6,570|2033||11|75.87%|7,966|2032||11|81.23%o|8,530|
|2035||12|59.71%|6,269|2034||12|73.80 i'o|7,749|2033||12|79,56%|8,354|
|2036||13|56.97%o|5,982|2035||13|71.79o/o|7,538|2034||13|77.93%|8,182|
|2037||14|54.36%|5,708|2036||14|69.84%|7333|2035||14|76.32%a|8,014|
||||||2037||15|67.94%|7,133|2036||15|74.75%|7,849|
|||||||||||2037||'t6|73,22%|7,688|
|||||110331|||||130742|||||144413|