| Trustees' report |
|
|---|---|
| Statement of Trustees' | responsibilities |
| Independent auditor's |
report |
| Statement offinancial | activities |
| Balance sheet | |
| Statement ofcashflows |
|
| Notes to the financial | statements |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | |||
| Notes | 6 | R | 6 | f. | ||||
| Income from: | ||||||||
| Donations and |
||||||||
| legacies | 13,484 | 1,178,940 | 1,192,424 | 19,670 | 19,670 | |||
| Charitable activities |
108,980 | 3,043,232 | 3,152,212 | 865,463 | 2,366,732 | 3,232,195 | ||
| Investments | 1,190 | - | 1,190 | 39 | - | 39 | ||
| Total income | 123,654 | 4,222,172 | 4,345,826 | 885,172 | 2,366,732 | 3,251,904 | ||
| x enditure on: | ||||||||
| Charitable activities |
5 | 507,762 | 3,739,138 | 4,246,900 | 1,238,466 | 1,456,513 | 2,694,979 | |
| Net (outgoing)/incoming | ||||||||
| resources before | ||||||||
| transfers | (384,108) | 483,034 | 98,926 | (353,294) | 910,219 | 556,925 | ||
| Gross transfers | ||||||||
| between funds | 350,02'i | (350,021) | 774, 'i40 | (774,140) | ||||
| Net (expenditure) /income | ||||||||
| for the yeart | ||||||||
| Net movement | in funds | (34,087) | 133,013 | 98,926 | 420,846 | 136,079 | 556,925 | |
| Fund balances | at 1 April | |||||||
| 2022 | 925,114 | 136,079 | 1,061,193 | 504,268 | 504,268 | |||
| Fund balances | at 31 | |||||||
| March 2023 | 891,027 | 269,092 | 1,160,119 | 925,114 | 136,079 | 1,061,193 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Fixed assets | ||||||
| Tangible assets | 34,900 | 36,431 | ||||
| Current assets | ||||||
| Debtors | 782,520 | 856,579 | ||||
| Cash at bank and in | hand | 1,642,212 | 1,766,155 | |||
| 2,424,732 | 2,622,734 | |||||
| Creditors: amounts | falling due within | |||||
| one year | ||||||
| Loans and overdrafts | 12 | 13,730 | ||||
| Taxation and social security | 209,511 | 348,263 | ||||
| Other creditors | 1,090,002 | 1,235,979 | ||||
| 1,299,613 | 1,597,972 | |||||
| Net current assets | 1,125,219 | 1,024,762 | ||||
| Total assets less current liabilities | 1,160,119 | 1,061,193 | ||||
| Income funds | ||||||
| Restricted funds | 269,092 | 136,079 | ||||
| Unrestricted funds |
891,027 | 926,114 | ||||
| 1,160,119 | 1,061,193 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Cash flows from operating | activities | |||||||
| Gash (absorbed by)/generated | from | |||||||
| operations | (99,090) | 940,923 | ||||||
| Investing activities | ||||||||
| Purchase oftangible fixed |
assets | (12,313) | (10,298) | |||||
| Investment income received |
1,190 | 39 | ||||||
| Net cash used in investing | activities | (11,123) | (10,259) | |||||
| Financing activities |
||||||||
| Repayment of borrowings |
('!0,270) | 4,578 | ||||||
| Net cash (used in)/generated | from | |||||||
| financing activities |
(10,270) | 4,578 | ||||||
| Net (decrease)/increase | in | cash «nd | cash | |||||
| equivalents | (120,483) | 935,242 | ||||||
| Cash and cash equivalents | at beginning | ofyear | 1,762,695 | 827,453 | ||||
| Cash and cash equivalents | at end of | year | 1,642,212 | 1,762,695 | ||||
| Relating to: | ||||||||
| Cash at bank and in hand |
1,642,212 | 1,766,155 | ||||||
| Bank overdrafts included in |
creditors payable | |||||||
| within one year | (3,460) |
| Unrestricted | Unrestricted |
|---|---|
| funds | funds |
| 2023 | 2022 |
| f | f |
| 1,190 | 39 |
| 2923f | 2022f | |||
|---|---|---|---|---|
| Staff costs | 992,099 | 618,163 | ||
| Depreciation | and impairment | 13,844 | 11,981 | |
| Projects | 2,946,178 | 1,796,579 | ||
| Rent and | rates | 27371 | 53,840 | |
| Training | 5,654 | 5,214 | ||
| Insurance | 7 133 | 7,240 | ||
| Expenses | 34,885 | 16,894 | ||
| Office repairs | and renewals | 844 | 2,690 | |
| Postage | 34,794 | 8,779 | ||
| Stationery | 5,319 | 3,925 | ||
| Telephone | 20,428 | 18,679 | ||
| hlarketing | 14,778 | 14,143 | ||
| Professional | fees | 71,046 | 36,272 | |
| Computer | and ITcosts | 66,710 | 90,498 | |
| Lease and | motor costs | 5,817 | 10,082 | |
| 4,246,900 | 2,694,979 | |||
| 4,246,900 | 2,694,979 | |||
| Analysis | dy | fund | ||
| Unrestricted | funds | 507,762 | 1,238,466 | |
| Restricted | funds | 3,739,138 | 1,456,5'I3 | |
| 4,246,900 | 2,694,979 |
| The analysi | s ofau | ditor's remuneration isas follows; |
||
|---|---|---|---|---|
| 2023 | 2022 | |||
| R | R | |||
| Audit of the | annual | accounts | 15,000 | 10,000 |
| Non-audlt | services | |||
| All other non-audit | services | 29,505 | 7,449 |
| The average | monthly num |
ber ofemploye | es during the |
year eras: | |||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Number | Number | ||||||
| Employees | 36 | 23 | |||||
| Employment | costs | 2023 | 2022 | ||||
| R | |||||||
| Wages and salaries | 875,587 | 550,422 | |||||
| Social security | costs | 73,465 | 41,708 | ||||
| Other pension | costs | 43,047 | 26,033 | ||||
| 992,099 | 618,163 | ||||||
| The number | ofemployees | whose annual | remuneration | was more than 860,000 | |||
| isas follows: | |||||||
| 2023 | 2022 | ||||||
| Number | Number | ||||||
| EB0,001to670,000 |
| 10 | Tangibie fixed assets | |||||
| Plant and | Fixtures, | Total | ||||
| machinery | fltttntts a | |||||
| ertulpmentf | ||||||
| Cost | ||||||
| At 1 April 2022 | 28,650 | 34,573 | 63,223 | |||
| Additions | 12,313 | 12313 | ||||
| At 31 March 2023 | 28,650 | 46,886 | 75,536 | |||
| Depreciation and |
impairment | |||||
| At 1April 2022 | 7,258 | 19,534 | 26,792 | |||
| Depreciation charged |
in the year | 4,278 | 9,566 | 13,844 | ||
| At 31 March 2023 | 11,536 | 29,100 | 40,636 | |||
| Carrying amount |
||||||
| At 31 March 2023 | 17,114 | 17,786 | 34,900 | |||
| At 31 March 2022 | 21,392 | 15,039 | 36,431 | |||
| 11 | Debtors | |||||
| Amounts falling due within one year: |
2023 | 2022f | ||||
| Trade debtors | 647,980 | 846,039 | ||||
| Other debtors | 6,220 | 4,500 | ||||
| Prepaym ants and | accrued income | 128,320 | 6,040 | |||
| 782,520 | 856,579 | |||||
| 12 | Loans and overdrafts | |||||
| 2023f | 2022 f |
|||||
| Bank overdrafts | 3,460 | |||||
| Loan from pension | fund | 10,270 | ||||
| 13,730 | ||||||
| Payable within one |
year | 13,730 |
| 13 | Other creditors falling | clue within one year | ||
| 2023 | 2022 | |||
| K | 8 | |||
| Trade creditors | 148,977 | 207,329 | ||
| Other creditors | 300 | |||
| Accruals and deferred | income | 941,025 | 1,028,350 | |
| 1,090,002 | 1,235,979 | |||
| 14 | Retirement benefit schemes |
| lNovement | in funds | |||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | AdmtniVATI | Revaluatlona, | Balance at | |||
| 1April 2022 | resources | expended | Other | gains and | 31ttlarch 2023 | |||
| transfers | losses | |||||||
| R | K | R | ||||||
| Warm & Well |
in | |||||||
| Warwickshire | Horne | |||||||
| improvement | Pilot | 69,248 | (69,248) | |||||
| Solihull HSF | 318,850 | (165,137) | 153,713 | |||||
| Worcester Winter Fuel | ||||||||
| Scheme/HSF | 136,079 | 1,635,375 | (1,671,454) | |||||
| LADS | 756,140 | (756,140) | ||||||
| Keeping Coventry Straffoi |
Warm | 546,101 | (546,101) | |||||
| Warwickshire | HSF | 100,000 | (63,290) | 36,710 | ||||
| Warmer Homes West | ||||||||
| Midlands | 584,573 | (684,573) | ||||||
| Solihull Retro | Fit | 27,200 | (27,200) | |||||
| HcfE Complex Worker |
Case | 36,836 | (36,836) | |||||
| Energy Fund | 67,500 | (67,500) | ||||||
| Coventry Cost of Living | ||||||||
| Fund | 115,000 | (36,332) | 78,668 |
| 16 | Analysis ofnet assets between funds | ||||
|---|---|---|---|---|---|
| General | Restricted | Total | |||
| E | R | ||||
| Fund balances at 31 March 2023 are represented | by: | ||||
| Tangible assets | 34,900 | 34,900 | |||
| Current assetsi(liabilities) | 856,127 | 269,092 | 1,125,219 | ||
| 891,027 | 269,092 | 1,160,119 |
| (Continued) | |
|---|---|
| 2023 | 2022 |
| f | |
| 25,000 | 29,846 |
| 75,000 | 25,675 |
| 100,000 | 55,521 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Aggregate compensation |
111,09'! | 98,873 | |||||
| Other than the remuneration of key management related parties in the year (2022 - none). |
personnel | detailed above, there were no transactions | with | ||||
| Cash generated from operations |
2023 | 2022 | |||||
| f, | |||||||
| Surplus for the year |
98,926 | 556,925 | |||||
| Adjustments for: |
|||||||
| Investment income recognised |
in statement | offinancial activities | (1,190) | (39) | |||
| Depreciation and impairment oftangible fixed assets |
13,844 | 11,981 | |||||
| Movements in working capital: |
|||||||
| Decrease/(increase) in debtors |
74,059 | (584,624) | |||||
| (Decrease)/increase in creditors |
(284,729) | 956,680 | |||||
| Cash (absorbed by)/generated |
from operations | (99,090) | 940,923 |