| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 5 |
| Report ofthe Independent Auditors |
6 | to | 8 |
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 21 |
| FORTHE YEAR EN | D | ED 31 MA | RCH 2023 | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Unrestricted | Total | |||||
| funds | funds | |||||
| Notes | ||||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
14,489 | 8,459 | ||||
| Charitable activities |
||||||
| Provision ofservices | 1,361,076 | 1,006,285 | ||||
| Other trading activities Investment income |
4,315 105 |
4,453 | ||||
| Total | 1,379,985 | 1,019,197 | ||||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Support costs Governance costs |
26,399 6,108 |
12,814 5,814 |
||||
| Provision ofservices | 1,037,778 | 864,255 | ||||
| Management and administration |
157,813 | 114,302 | ||||
| Total | 1,228,098 | 997,185 | ||||
| NET INCOME | 151,887 | 22,012 | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 448,304 | 426,292 | |||
| TOTAL FUNDS CARRIED FORWARD | 600,191 | 448,304 |
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets |
14 | 477,968 | 482,379 |
| CURRENT ASSETS | |||
| Debtors Cash at bank and in hand |
15 | 116,979 183,290 |
9,107 140,591 |
| 300,269 | 149,698 | ||
| CREDITORS | |||
| Amounts falling due within one year |
16 | (46,438) | (38,015) |
| NET CURRENT ASSETS | 253,831 | 111,683 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 731,799 | 594,062 | |
| CREDITORS | |||
| Amounts falling due after more than one year |
17 | (131,608) | (145,758) |
| NKT ASSETS | 600,191 | 448,304 | |
| FUNDS | 20 | ||
| Unrestricted funds |
600,191 | 448,304 | |
| TOTAL FUNDS | 600,191 | 448 304 |
| CASH PLOW STATEME FOR THE YEAR ENDED |
NT 31MARCH |
2023 | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Notes | ||||
| Cash flows from operating activities Cash generated Rom operations |
78,694 | 36,862 | ||
| Net cash provided by operating activities |
78,694 | 36,862 | ||
| Cash flows from investing activities Purchase oftangible fixed assets |
(23,003) | (2,670) | ||
| Interest received | 105 | |||
| Net cash used in investing activities |
(22,898) | (2,670) | ||
| Cash flows from financing Loan repayments in year |
activities | (13,097) | (12,260) | |
| Net cash used in financing | activities | (13,097) | (12,260) | |
| Change in cash and cash reporting period |
equivalents | in the | 42,699 | 21,932 |
| Cash and cash equivalents ofthe reporting period |
at the beginning | 140,591 | 118,659 | |
| Cash and cash equivalents reporting period |
at the end | ofthe | 183,290 | 140,591 |
| TO THE CASH FLOW STATEMENT HE YEAR ENDED 31MARCH 2023 |
TO THE CASH FLOW STATEMENT HE YEAR ENDED 31MARCH 2023 |
TO THE CASH FLOW STATEMENT HE YEAR ENDED 31MARCH 2023 |
TO THE CASH FLOW STATEMENT HE YEAR ENDED 31MARCH 2023 |
TO THE CASH FLOW STATEMENT HE YEAR ENDED 31MARCH 2023 |
|---|---|---|---|---|
| RECONCILIATION OF NKT INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
||||
| 2023 | 2022 | |||
| Net income for the | reporting | period (as per the Statement ofFinancial | ||
| Activities) Adjustments for: |
151,887 | 22,012 | ||
| Depreciation charges Loss on disposal offixed assets |
27,414 | 21,706 63 |
||
| Interest received (Increase)/decrease Increase/(decrease) |
in debtors in creditors |
(105) (107,872) 7,370 |
5,790 (12,709) |
|
| Net cash provided | by operations | 78,694 | 36,862 | |
| ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS | ||||
| At 1.4,22 | Cash flow | At 31.3.23 | ||
| Net cash | ||||
| Cash at bank and in | hand | 140,591 | 42,699 | 183,290 |
| 140,591 | 42,699 | 183,290 | ||
| Debt | ||||
| Debts falling due within 1 year Debts falling due after 1year |
(13,100) (145,758) |
(1,053) 14,150 |
(14,153) (131,608) |
|
| (158,858) | 13,097 | (145,761) | ||
| Total | (18,267) | 55,796 | 37,529 |
| Freehold | property | 2%on cost |
|---|---|---|
| Fixtures | and fittings | 15%on reducing balance |
| Motor vehicles | 25%on cost | |
| Computer | equipment | 33%on cost |
| DONATIONS AND LEGACIES |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Donations and gifts |
14,489 | 8,459 | |
| OTHER TRADING ACTIVITIES | |||
| 2023 | 2022 | ||
| Training and rent |
4,315 | 4,453 | |
| INVESTMKNT INCOME | |||
| 2023 | 2022 | ||
| Deposit account interest | 105 | ||
| INCOME FROM CHARITABLE ACTIVITIES | |||
| 2023 | 2022 | ||
| Activity | |||
| Grants Provision ofservices |
1,361,076 | 1,006,285 | |
| Grants received, included in the above, |
are as follows: | ||
| 2023 | 2022 | ||
| Lancashire County Council - Healthier Blackpool Council Preston City Council Lancashire Care NHS Selnet Terrance Higgins Trust Delphi Medical Big Sexy Bus Blackpool Council ADDER Brook Blackpool Council Rough Sleepers Blackpool Teaching Hospital (PrEP) M&SNeighbourly Fund Jubilee Legacy Project |
Living | 108,409 544,483 68,879 25,052 13,596 41,000 246,607 25,000 126,666 159,384 1,000 1,000 |
108,242 603,219 3,400 1,458 74,374 1,884 13,596 173,842 26,270 |
| 1,361,076 | 1,006,285 |
| Support | |||||||
|---|---|---|---|---|---|---|---|
| Direct | costs (see | ||||||
| Costs | note 7) | Totals | |||||
| Support costs Governance costs |
26,399 6,108 |
26,399 6,108 |
|||||
| Provision of | services | 1,037,778 | 1,037,778 | ||||
| Management | and administration | 157,813 | 157,813 | ||||
| 1,195,591 | 32,507 | 1,228,098 | |||||
| 7. | SUPPORT | COSTS | |||||
| Governance | |||||||
| Finance | costs | Totals | |||||
| Support costs Governance costs |
26,399 | 6,108 | 26,399 6,108 |
||||
| 26,399 | 6,108 | 32,507 | |||||
| Support costs, included | in the above, are as follows: | 2023 | 2022 | ||||
| Support | Governance | Total | Total | ||||
| costs | costs | activities | activities | ||||
| Rent | 8,066 | 8,066 | 5,710 | ||||
| Postage and stationeiy Subscriptions Auditors' remuneration |
12,585 5,748 |
4,693 | 12,585 5,748 4,693 |
2,082 5,022 4,469 |
|||
| Auditors' remuneration |
for non audit work | 1,415 | 1,415 | 1,345 | |||
| 26,399 | 6,108 | 32,507 | 18,628 |
| Net income/(expenditure) is stated after charging/(crediting): |
||
|---|---|---|
| 2023 | 2022 | |
| Depreciation - owned assets Deficit on disposal offixed assets |
27,414 | 21,706 63 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Fees payable to the charity's | auditors for the audit ofthe charity's | financial | ||||
| statements Auditors' |
remuneration | for | non audit work | 4,693 1,415 |
4,469 1,345 |
| There were no truste STAFF COSTS |
es' expenses paid for t |
he year ended 31March 2023 nor for | the year ended 31M | arch 2022. |
|---|---|---|---|---|
| 2023 | 2022 | |||
| Wages and salaries Social security costs Other pension costs |
744,213 67,814 18,175 |
589,337 48,674 14,127 |
||
| 830,202 | 652,138 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 2023 | 2022 | |||
| Charitable activities |
23 | 18 | ||
| Management and administration |
5 | 5 | ||
| 28 | 23 |
| No employees | received emoluments | received emoluments | in excess of | f60,000. |
|---|---|---|---|---|
| Remuneration | ofkey management | personnel | ||
| The remuneration | ofkey management | personnel | is as follows: |
| 31/03/23 | 31/03/22 |
|---|---|
| 226,855 | 191,998 |
| NOTES | TO THE FINANCIAL STATEMENTS - continued | TO THE FINANCIAL STATEMENTS - continued | TO THE FINANCIAL STATEMENTS - continued | |
|---|---|---|---|---|
| FORTHE YEAR ENDED 31MARCH 2023 | ||||
| 12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||
| Unrestricted | ||||
| funds | ||||
| INCOME AND ENDOWMENTS | FROM | |||
| Donations and legacies |
8,459 | |||
| Charitable activities |
||||
| Provision ofservices | 1,006,285 | |||
| Other trading activities | 4,453 | |||
| Total | 1,019,197 | |||
| EXPENDITURE ON | ||||
| Charitable activities |
||||
| Support costs Governance costs |
12,814 5,814 |
|||
| Provision ofservices | 864,255 | |||
| Management and administration |
114,302 | |||
| Total | 997,185 | |||
| NET INCOME | 22,012 | |||
| RECONCILIATION | OF FUNDS | |||
| Total funds brought forward |
426,292 | |||
| TOTAL FUNDS CARRIED FORWARD | 448,304 |
| Fixtures | ||||||
|---|---|---|---|---|---|---|
| Freehold | and | Motor | Computer | |||
| property | fittings | vehicles | equipment | Totals | ||
| COST | ||||||
| At 1 April 2022 Additions |
592,060 | 87,321 | 19,092 19,000 |
79,139 4,003 |
777,612 23,003 |
|
| At 31March 2023 | 592,060 | 87,321 | 38,092 | 83,142 | 800,615 | |
| DEPRECIATION | ||||||
| At 1 April 2022 Charge for year |
128,230 11,841 |
77,127 2,025 |
14,319 9,523 |
75,557 4,025 |
295,233 27,414 |
|
| At 31 March 2023 | 140,071 | 79,152 | 23,842 | 79,582 | 322,647 | |
| NKT BOOK VALUE | ||||||
| At 31March 2023 | 451,989 | 8,169 | 14,250 | 3,560 | 477,968 | |
| At 31March 2022 | 463,830 | 10,194 | 4,773 | 3,582 | 482,379 | |
| DEBTORS:AMOUNTS | FALLING DUE WITHIN ONK YEAR | |||||
| 2023 | 2022 | |||||
| Trade debtors Prepayments and accrued |
income | 114,305 2,674 |
6,433 2,674 |
|||
| 116,979 | 9,107 | |||||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 2023 | 2022 | |||||
| Bank loans and overdrafts (see note Trade creditors Social security and other taxes Other creditors Accrued expenses |
18) | 14,153 5,484 14,237 4,108 8,456 |
13,100 2,314 10,649 3,790 8,162 |
|||
| 46,438 | 38,015 |
| CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONK YEAR | ||
|---|---|---|
| 2023 | 2022 | |
| Bank loans (see note 18) | 131,608 | 145,758 |
| LOANS | ||
| An analysis ofthe maturity ofloans is given below: |
||
| 2023 | 2022 | |
| Amounts falling due within one year on demand: Bank loans |
14,153 | 13,100 |
| Amounts falling between one and two years: Bank loans - 1-2 years |
15,158 | 14,150 |
| Amounts falling due between two and five years: Bank loans -2-5 years |
52,386 | 48,853 |
| Amounts falling due in more than five years: |
||
| Repayable by instalments: Bank loans more 5 yr by instal |
64,064 | 82,755 |
| SECURED D | EBTS | EBTS | EBTS | ||
|---|---|---|---|---|---|
| The long-term | loan is secured by a fixed charge over the assets ofthe charity. | ||||
| MOVEMENT | IN FUNDS | ||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.4.22 | in funds | funds | 31.3.23 | ||
| Unrestricted | funds | ||||
| General fund Fixed Asset Fund |
(34,075) 482,379 |
179,301 (27,414) |
(23,003) 23,003 |
122,223 477,968 |
|
| 448,304 | 151,887 | 600,191 | |||
| TOTAL FUNDS | 448,304 | 151,887 | 600,191 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund Fixed Asset |
Fund | 1,379,985 | (1,200,684) (27,414) |
179,301 (27,414) |
| 1,379,985 | (1,228,098) | 151,887 | ||
| TOTAL FUNDS | 1,379,985 | (1,228,098) | 151,887 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.4.21 | in funds | funds | 31.3.22 | ||
| Unrestricted | funds | ||||
| General fund Fixed Asset |
Fund | (75,186) 501,478 |
43,781 (21,769) |
(2,670) 2,670 |
(34,075) 482,379 |
| 426,292 | 22,012 | 448,304 | |||
| TOTAL FUNDS | 426,292 | 22,012 | 448,304 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund Fixed Asset |
Fund | 1,019,197 | (975,416) (21,769) |
43,781 (21,769) |
| 1,019,197 | (997,185) | 22,012 | ||
| TOTAL FUNDS | 1,019,197 | (997,185) | 22,012 |
| A current yea | r 12months and prior y |
ear 12 months combined positi |
on is as follows: | |||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.21 | in funds | funds | 31.3.23 | |||
| Unrestricted General fund Fixed Asset |
funds Fund |
(75,186) 501,478 |
223,082 (49,183) |
(25,673) 25,673 |
122,223 477,968 |
|
| 426,292 | 173,899 | ' | 600,191 | |||
| TOTAL FU | NDS | 426,292 | 173,899 | 600,191 |
| A current yea follows: |
r 12 months and prior year 12 |
months combined net movement in fu |
nds, included in t |
e aove are |
|---|---|---|---|---|
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| Unrestricted General fund Fixed Asset |
funds Fund |
2,399,182 | (2,176,100) (49,183) |
223,082 (49,183) |
| 2,399,182 | (2,225,283) | 173,899 | ||
| TOTALFU | NDS | 2,399,182 | (2,225,283) | 173,899 |