Registered Charity No. 1081271 Registered Company No. 3855994 THURROCK CENTRE FOR IIYDEPENDENT LIVIIYG 2com an limited b uarantee REPORT AND UNAUDITED FINALYCIAL STATEMENTS ST FOR THE YEAR TO 31 MARCH 2024
THURROCK CENTRE FOR INDEPENDENT LIVING REPORT OF THE TRUSTEES ST FOR THE YEAR ENDED 31 MARCH 2024 INTRODUCTION The Trnstees of the charity, who are also directors of the company for the purposes of the Companies Act, hereby submit their annual report and financial statements for the year ended 31" March 2024. The TNstees have adopted the provisions of the Sialement of RecoTnmended Practice (SORP) "A¢¢ounling and Reporting by Charili¢s" issued in 2005 in preparing the annual report and financial statements of the charitable company. l and Administrative Information Charity Number: Company Number: 1081271 3855994 Committee LVlemberslDirectors The Committee member4ldirectors during the year were as follows: Non-Exeeutive Directors D Langridge Mi88 A White P Long M8 A T Saliba Treasurer Senior Mana ers John H Paddi¢k Chief Executive Officer 1Stered Olee Accountants The Beehive West Street Grays Essex RM17 6XP Rowland Hall Chartered Certified Accountants 44154 Orsett Road Grays Essex RM17 SED
THURROCK CENTRE FOR IINDEPENDEIYT LIVING REPORT OF THE TRUSTEES ST FOR THE YEAR ENDED 31 LIL4RCH 2024 REVIEW OF THE YEAR TCIL has continued the core activitie8 of providing infonnation, advice and advocacy throughout the year. With continuing financial pressures, in February 2024 the charity ent¢r¢d into an office sharing agreement with the Citizens Advice Bureau, and with the Landlords perniission, undertook some Changes to th¢ office layout (creating another 2 interview rooms). Each organization has exclusive use of the office on designated days. However the charily continues to operate remotely when not in the office. providing a 5 day-a-week, 9am to 5pm service, and telephone advice line. The charity was able to ¢ontinu¢ its successful World of Work programme of providing a service to people with a learning difference andlor mental health issues, to enable them to become more work ready, including the essential provision of supported work experience. Supporting people into work continues lo be high on the agenda of the authorities (both national and local), and TCIL'S experience in providing such support to vulnerable people is acknowledged and continues to be commissioned by the local authority and Health (but see Principal Sources of Funding). It has also extended the range of services provided by the programme to include improving numeracy skills through participation in the Multiply programme, funded though the Thurrock Adult Education College. In addition, TCIL continued to deliver commercial quality payroll and bookkeeping services to the third sector at highly competitive rates. The charity currently produces over 160 pay slips monthly for its clients, together with all relevant filings and payment8 advices. and administers the whole rangye of deduciionb and benefits (e.g. maternity pay, sick pay, pension deductions, allowanc¢s. hourly pay, attachments orders elc.), and BACS file production. as well as acting an approved agent for pension auto-enrolment. In bookkeeping, TCIL supports a comprehensive range of bookkeeping services, including ledger managemenl, trial balanc¢s, VAT Calculations and returns and a range ol. management int"ormation reports, including cash flow. For some year8, TCIL has acted as a "host" organisation which is able to hold and administer monies for Thum)ck Send Family Forum (Fonnerly CaPa, Carers and Parents), a Thurrock based non-constituted group. Monies were held by TCIL to the Forum's ord¢r (held as a r¢strict¢d fund).
THURROCK CENTRE FOR INDEPENDENT LIVING REPORT OF THE TRUSTEES ST FOR THE YEAR ENDED 31 MARCH 2024 Princi al Sources of Fundin The financial collapse of the late 2000s had a traumatic and continuing impact upon the ndIng of Social Care, with consequential knock-on into the thErd .seclor. The "double-blow" has been to increase the demand for services from vulnerable people as their support services and .%truciures are increasingly challenged or reduced, whilst al th¢ same time reducing the funding available to organisations that have traditionally supported them to liv¢ as independent and fulfilled a life as possible. For the charity, this has Meant a period of some 4 years of restrncturing ils operational model and cost base to achieve its current stable, minimized forn]. As a result of th¢ funding obtained and restructured cost base, TCIL commenced the period in a relatively stable financial position. The largest single funding stream once again came jointly from Thurrock Council for a further year of the World of Work project (Wow), a highly regarded service designed to bring vulnerabl¢ people nearer the workplace. However, the matched funding from the former Thurrock Clinical Commi88ioning Group cea8ed for the Mental Health stream of the World of Work from l October 2019 as part of a ¢hange in ils focus towards early intervention in psychosis. This change of emphasis effectively means that approximately 60 % of the Mentsl Health workstream of Wow will no longer qualify for support and the remaining 400/a would be supported by another provider. This ha8 meant the loss of a member of staff but more significantly, a large number of people having their service removed. Fortunately the Essex Community Fund were able to source part of the requirea funding and TCIL has maintained the service. Whilst TCIL has always provided an advocacy service, demand has continued to increase over the y¢ar and for an ever- broadening range of purposes- potentially a reflection of the general move to on-line applicalion8. This is particularly true for the completion of Last Powers of Attorney, where TCIL staff have had training from the Office of The Public Guardian and provide assistance with the completion of the necessary applioation forn]4, which it doe4 free of charge. The monie8 received from Thurrock & Brentwood MIKD cover reimbursement of a TCIL employee's costs associated with the Carer'¥ Service, together with a Contribution of £ l 0,000 toward% the cost of advocacy. However the Carers, contract effectively ce&sed in April 2024, and the Advocacy contract WaTr lo>1 in tender in September 2024. Wheelchalr Hlre TCIL continued to provide its wheelchair hire service, including having the two specialist wheelchairs, suitable for traversing softluneven ground (t.e. Mountain Trikes). These assets offer hirers the opportunity to participate in aclivitieb that Might otherwise be PTohibited by virtue of the teain and where special access has not been provided (e.g. country parks, camping, fishing, and watching local sports on sports field¥). STRUCTURE GOVERNANCE AND MANAGEMENT Governin Document The organisation i.s a charitable company, limited by guarantee, and governed by the Memorandum and Articles of A880¢iation, which established the objects, and powers of the charitable company. In the event of th¢ Company being wound up members are required to contribute an amount not exceeding £ l. The company was incorporated in 1999 as the Independence Resource Cenlre. At an Extraordinary General Meeting held on i sili February 2009 the compaT)y name was changed to Thurrock Independence Resource Centre and adopted modernised Articles of A880ciation. Ai the Annual General Meeting held on 22nd September 2011, the company changed its name by Special Resolution to the Thurrock Centre for Independent Living. The objectives of TCIL as set out in the Memorandum of Association were not changed.
THURROCK CEF4TRE FOR INDEPENDELNT LIVING REPORT OF THE TRUSTEES 5T FOR THE YEAR ELNDED 31 MARCH 2024 Philoso and Activities TCIL is the centre for independent living for the disabled people of Thu0¢k, providing individual support and advice to disabled people to ¢nabl¢ them to exercise choice and control ov¢r their liv¢s. TCIL is a social model based. user led organisation, working in partnership with disabled persons, car¢rs and the community at large. The organisalion works closely and consults, with local disabled people and groups, and participates in ¢onsultations both locally and nationally. TCIL continued to provide its wheelchair hire service, including having the two 8pe¢ialist wheelchairs, suitable for traversing softluneven ground (i.e. Mountain Trikes). These assets offer hirers the opportunity to participale in activities that might otherwise be prohibited by virtue of the terrain and where special access has not been provided (¢.g. country parkb, camping. fishing, and watching local sports on sports fields). Goln Forward Because of th¢ continuing shortage of funding for social care and the scarcity of opportunities to secure alternale sub,%tantive funding, the future remains unpredictable. Nevertheless, as of the year's close, TCIL'S reserves show a healthy balance and il remain.s determined lo provide the people of Thurrock with a Centre for Independeni Living, and the Trustees will continue to seek funding for this activity from all and any source lo achieve this. Regrettably, Thurrock Council has effectively been bankrnpted due 10 financial and inveytment mismanagement, and under the direction of central government and appointed external commissioners, has had lo restrict services to statutory only. The detail of Ihe impact on the third sector are as yet unknown but th¢ opportunity for any discretionary ndIng seems to have disappeared. TCIL continues to seek long term funding 8olulions, and remains flexible in its structure and scope to meet growing areas of demand from its constituents and other related organisation5 and bodies. TCIL is a founder member of the Thum)ck Coalition, together with Thurtock Lifestyle Solutions CIC, Thurrock and Brenlwood MIND and Thurrock Diversity Network. The coalition is the appointed User Led Organisation for Thurrock and perfonns a critical role in connecting local government with those reliant on its bervi¢es. Services Once again, demand for the core 8ervice% has remained high, and has continued to further increase over the period. With central government's continued review of the welfare system, and changes to the ass¢ssment crileria being implemented in relation to fitness to work, combined with local council's continued review its. level of support and level of financial Contribution made to individual's care, so the demand for advice and advocacy invariably rises. TCIL hay assisted clients in every part of the claim process, from initial applications to re-presen(ments and appeals, and has an exceptional .success rate in overturning initial declines. TCIL'S staff understand that each person has a unique set of needs, even though they may experience a common proce55 in applications and assessment. Providing attention to individual's needs and empathy with people's circumstances together with its knowledge of the services and assistance available and Critically how to best access them is the core value that TCIL brings to the community it serves. TCIL, with other organisations, plays a vital role in ensuring that those most affected by the changes to social care, who are invariably reprebentative of those most vulnerable in our society, are fairly represenled, with their views and concerns effectively communicated and understood by those charged with ass¢s8ing and administering the care and assistance they need to lead full and productive lives. TCIL is able to support people to people to access a wide range of services and have promoted and m¢t a growing d¢mand for assistance in completing Lasting Power of Attorney application5 which does free of charge. In addition, it has added Will making to its lisl of services.
THURROCK CENTRE FOR INDEPENDENT LIVING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31. MARCH 2024 "World of Work" During the year. th¢ charity received a grant totalling £25,000 from Thurrock Borough Council for a flther year of its commissioned WORLD OF WORK project ("WoW"). The principal aim of Wow is to establish a scherne to prepare people with impairn]ents to consider productive ¢rnploymeni, be li paid or unpaid. Wow aims to achieve this by profiling individuals, capabilities, skills and desires in order lo conslrnct a tailored plan to provide relevant basic workplace training. leading to placement in a work environment. Wow 8UPPOrts the individual during their time on the project as appropriate lo their needs, and assisls individuals in building their CVS, skills and references to build self-confidence and manage Iheir health conditions as appropriate. Thi5 enables them to becom¢ more work ready. Finally, candidaies are inducted into a job club where they can obiain a.ssistance in .4earching and applying for jobs on-line. TCIL'S partnerqhip with Thumck Lifestyle Solution8 CIC (TLS) in supporting employability projects and opportunities continued during the year, attracting additional funds into the Borough for the benefit of the community. Whilst the TCILITLS partnership endeavours to move people on, still more needs to be done 10 channel the experience and evident enthusiasm for work of individuals inio appropriate fornis of activity, allowing everyone to make a contribution to society no matter what their impaimeni. What is also apparent is that il 18 important for the training and coaching provided by TCILifLS to address both the a8pirations of the individual lo ensure that the right fonn of employment 18 found, and al80 that these programrnes should be targeted at young people in transition rather than wailing for the inslitutionalisaiion of years on benefits to take hold. The area of supported employment remains a key area for development and plays a critical role in benefilting the mental and physical well-being of the more vulnerable member8 of the community. Related Partfies Some Trustees have been recruited from and represent disabled people's organisations. The Chief Executive sils as a Board Director of the Thurrock Coalition and a trustee sits as a Board Director of Thurrock Lifestyle Solutions CIC. These relaiionships are deemed desirable and essential for the fulfilmenl of both organi8ations' objectives. Two fully independently managed organi8ations shar¢d our office space and facilities, the Thurrock Coalition, and Thumck Diversity Network (TDN). TDN is a network based, inforniation sharing and canipaigning organisalion for disabled people and disabled peoples, groups and organisations in the Thurrock area which operates from within the office accommodation of TCIL. The Thurrock Coalition has been forn]ally adopted by Thurrock Council as the User Led Organisation for Thurrock. contracted to provide consultation and cfrproduction services involving the disabled people of Thurrock, their carers and families. In Febary 2024, we were joined by Thurrock Citizens, Advice Bureau lun sharing the office space exclusively for 2 days of the week. TCIL Trustees are cognisant of the Charities Commission paper on Public Service with particular regard to maintaining an arni's length relationship with the public sector and are satlsfied that TCIL is compliant.
THURROCK CENTRE FOR INDEPENDENT LIVING REPORT OF THE TRUSTEES si. FOR THE YEAR ENDED 31 MARCH 2024 Reserves Polic The Truslees policy is to generate Current income to meet current expenditure and thus is to hold only sufficient prudenl cash reserves to balance out fluctuating cash flows. However, with the continued pressure on funding, particularly from the local authority. longer temi fluctuations in cash flow have encouraged the Trustees to keep a prndent level of r¢s¢rv¢s toward8 the upper end of the Commission's guidance. As a long-¢erni strategy TCIL needs to diversify its income streams and will continue to seek out alternative fimding and or implement revenue billable services. Accordingly, TCIL will maintain adequate reserves to fund short falls tn income, timing effects and potential restructuring costs. The Trnstees obj¢ctive is to have a minimurn of 3 months, expenditur¢ in reserve. This report ha.8 been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities and taking advantage of th¢ small companieb exemption of section 415A of the Companies Act 2006. Approved by the Trusiees on . and signed on their behalf by A WHITE
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUIYTS OF THURROCK CENTRE FOR INDEPENDENT LIVING aeom an limited b uarantee Independent Examiner's Report to the Trustees of Thurrock Centre for Independent Living I report on the accounts of the company for the year ended 31" March 2024 which are sel out on pages 8 to 13. Respectlve Responsibilities of Trustees and Examiner The Trustees (who are also dtrectorq of the company for the purpose of company law) are Tesponsible for the preparation of the accounL%. The Tru,%lees consider that an audit is not required for this year under section 144{2) of the Charilies Act 2011 (the 2011 Act) and thai an independent examination is needed. Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it 18 my respon.sibility to.. examine the accounts under section 145 of the 201 l Act. follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(bl of the 2011 Act); and 8tate whether particular matters have come to my attention. Basis of Independent ExAmlner's Statement My examination was carried out in accordance with general Dire¢tion,s given by the Charity Commi.s8ion. examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unuqual item4 or disclosureq in the accounts, and seeking explanations from you as T$1¢¢8 concerning any iuch rnaiters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion 18 given as lo whether the accounts present a 'true and fair view" and the report Ib limited lo those matters set out in th¢ statement below. Independent Examiner's Statement In corniection with my examination, no matter has come to my atten¢ion'. which gives me reasonable cause to believe that, in any material respect, the requirements.. to keep accounting records in accordance with section 386 of th¢ Companie8 Act 2006. and to prepare accounts which accord with the accounting records, comply with the accounting requiremenLs of section 396 of the Companies Act 2006 and with the method5 and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities. have not been met. or 2 to which, in my opinion, attention should be drawn in order to enable a proper under.standing of the accounts to be reached. WAYNE SMITH ROWLAND HALL Chartered Cenified Accountants 44154 Orsett Road Essex
THURROCK CENTRE FOR INDEPENDENT LIVING STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AIYD EXPENDITURE ACCOUNT ST FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Funds Desi naled Restricted Funds Total 2024 Tolal 2023 Notes INCOMING RESOURCES Grants Received Donations Provision of Payroll and Book-Keeping Service8 Salary Reimbur8em¢nt and Managed Office Contribution Bank Interest Received Other Income 44,157 17,873 91,658 40,126 16.120 100.403 17,873 91,658 99,511 374 87,149 10,059 2,508 145 10,059 2,508 825 12.012 695 9,863 680 TOTAL INCOMING RESOURCES £166.400 £40,126 £16,800 £223,326 £209,515 RESOURCES EXPENDED Staff Salaries Consultancy Fees CompuieT Expenses Office Equipment Travel Rent Printing, Postage and Slalionery Telephone Accountancy Bank Charges Insurance Sundry Expenses Subb¢riPtions, Publications and Promotions Depreciation 142,308 7,400 21,333 8,500 2,500 1,200 216 8,160 157 5,264 168.905 15.900 2,820 5,634 561 16,782 1,301 855 2,346 63 1,047 135 623 1,162 165,677 16,059 2,147 276 1,955 19,280 1,388 1,947 2,306 61 974 790 1,554 1, 735 320 830 345 3,604 8,622 431 735 2,346 63 1,047 13 238 1,162 713 120 68 385 54 TOTAL RESOURCES EXPENDED £167,969 £42,519 £7,646 £218,134 £216,149 NET MOVEMENTS IN FUNDS Transfer between funds TOTAL FUNDS BROUGHT FORWARD (1,569) (2,393) 9,154 5,192 (14,002) 80,271 3,860 50,659 134,790 141,400 TOTAL FUNDS CARRIED FORWARD £78,702 £1,467 £59,813 £139,982 £134, 790 All of the above results are derived from continuing activities. All gain5 and1055es recognised in the year are included above. Movements in funds are disclosed in Not¢ 10 to the Financial Statements. The notes on pages 10 to 13 forn] part of these Financial Statements
THURROCK CENTRE FOR INDEPENDENT LIVING BALANCE SHEET AS AT 31 MARCH 2024 Notes 2024 2023 FIXED ASSETS Tangibl¢ Assets 1,162 2,324 CURRENT ASSETS Debtors Cash at Bank 1,464 139.822 154,709 141.286 134,716 CREDITORS Amounts falling due within one year 2,466 2,250 NET CURRENT ASSETS 138,820 132,466 NET ASSETS £139,982 £134,790 ACCUMULATED FUNDS Unrestricted Funds Designated Funds Restricted Funds io io io 78,702 1.467 59,813 80,271 3.860 50,659 £139,982 £134, 790 These accounis have been prepared in accordance with the provisions applicable to companies subject to the small companie8, regime. For the financial year ended 31" March 2024 the company was entitled to exemption from audit under section 477 Companies Act 2006. No rnember of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006. The directors acknowledge their respon8ibililies for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of accounts. Approved by the Trustees on . and signed on their behalf by Anne White Director Company Number: 3855994 The notes on pages 10 to 13 forn] part of these Financial Statements
io THURROCK CENTRE FOR INDEPENDENT LIVING NOTES TO THE FILYANCIAL STATEMENTS si. FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES a} Basis of Accounting The financial slaiements have been prepared in accordance with Accounting and Reporting by Charities: Statem¢nl of Recommended Practice applicable to charities preparing their accounts in a¢¢ordance with the Financtal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) published on 161h July 2014. the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) the Charities Act 201 l and the Companies Act 2006. The accounts have been prepared under the historic cost convention with items recognised at cost of transaction value unless othenvise stated in the relevant notes to these accounts. The charity constitutes a public benefit entity as defined by FRS 102. The financial staternenls are prepared in Sterling which is the nctIonal currency of the charity. Monetary amount8 in these financial statement8 are rounded to the near¢st £. The trustees consider that there are no mateTial unc¢rtainties about the charity'8 ability to continue a going concern. b) Cash Flow The charitable company qualifies as a 8mall company and advantage has been taken of the exemption provided by the SORP (FRS 102) as amended by Bulletin I not to prepare a cash flow statement. c) Company Status The charity t8 a private company limited by guarantee. The members of the company are the Trustees named on page l. In the event of the charity being wound up, the liability in respect of the guaranlee is limited lo £1 per member of the charity. The charity's registered office is disclobed on page I, d) Incoming Resources All incoming resource8 are included in the SOFA when the charity 1% legally enliiled lo the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement 15 the earlier of the charity being notified of an impending distribution or the legacy b¢ing received. Gifts in kind donated for di8tribulion are includ¢d at valuation and recognised as income when they are distributed lo the projects. Gifts donated for regale are included as income when they are sold. Donated facilities are included al the value lo the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteer5. e) Resources Expended Resources expended are recogni8ed in the period in which they are incurred. Resour¢¢s expended include attributable VAT whi¢h cannot be recovered. Fund Accounting Restricted funds are grants that are mad¢ for specific purposes as laid down by the donor. Unrestricted funds Comprise income received or generated for charitable purposes but which may be spent al the discretion of the Committee. Designated funds are those unrestricted funds that have been earn]arked by the Board for a specific but not legally binding purpose. g) Fixed Assets Fixed Assets are being depreciated over their estimated useful lives as follows.. Equipment, Fixtures and Fittings 33.30/0 pa on cost These notes forn] part of the Financial Statements
THURROCK CENTRE FOR INDEPENDEIYT LIVING NOTES TO THE FINANCIAL STATEMENTS ST FOR THE YEAR ENDED 31 MARCH 2024 a) Creditors Crediiors are recognised where the charity has a preqent obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due lo s¢ltle the obligation can be measured or estimated reliably. Creditors are norn]ally recognised at their settlement amount after allowing for any trade discounts due. b) Going Concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have cont4idered the level of funds held and the expected level of income and expenditure for 12 months from auihorising the4e financial 8tatements. The budgeted income and expenditure is sufficient with th¢ lev¢1 of r¢serves for the charity to be able to continue as a going concern. GIi4NT INCOME World of Work Desi nated Unrestricted Re8tri¢led Funds Total 2024 Tolal 2023 Thumck Borough Council ThutTock Mind Contact a family University of East Anglia Thurrock CVS CaPa Essex Community Foundation Thurrock Send Family Forum E&8lern Region Parent Carer Forum Essex Police & Crime Commi%%ioner 16,889 22,268 31,631 48,520 22,268 8,750 25,000 32,470 18,998 38 8,000 8,750 8,495 8,495 15,000 7,370 7,370 5,000 5,000 £44,157 £40,126 £16.120 £100,403 £99,511 INVESTMENT INCOME AND INTEREST World of Work Desi naled Restricted Funds Funds Unrestricted Funds Total 2024 Total 2023 Bank Interest £2,508 £2,508 £605 STAFF COSTS 2024 2023 Salaries and Wages Social Security Costs Pension Costs 157,955 7,990 2,961 153,562 8,868 3,142 £168,905 £165,572 2024 Number 2023 Number Average numbeT of Employees during the year There were no employees who received remuneration in excess of £60,000. These notes forni part of the Financial Statements
12 THURROCK CENTRE FOR INDEPENDENT LIVING NOTES TO THE FINANCIAL STATEMENTS 5T FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES REMUIYERATION Th¢ Trustees neither received nor waived any emoluments during the year ended 3151 March 2024. The Trnstees received no remuneration but were reimbursed a total of £nil for trav¢1 ¢xp¢nses during the year {2023 £nil). IIYDEPENDENT EXAMINERS FEES 2024 2023 Fees paid £2,280 £2,214 TANGIBLE FIXED ASSETS ui ment Fixtures & Fillin COST At 1st April 2023 Additions 49,101 At 3 1st March 2024 £49,101 DEPRECIATION At i 81 April 2023 Charged 46,777 1,162 At 3151 March 2024 £47,939 NET BOOK VALUE At 3151 March 2024 £1,162 Ai 31" March 2023 £2,324 DEBTORS 2024 2023 Trade Debtors £1,464 £7 CREDITORS 2024 2023 Trade Creditors Accruals 186 2,280 36 2,214 £2,466 £2,250 These notes fonn part of the Finan¢ial Stat¢m¢nts
13 THURROCK CENTRE FOR INDEPENDENT LIVING NOTES TO THE FINANCIAL STATEMENTS ST FOR THE YEAR ENDED 31 MARCH 2024 10. RECONCILATION OF FUNDS Other Income & Transf¢r8 Belween Funds Brou ht Forward Grant Incom¢ Carried Forward enses Unrestricted Funds 80,271 44,157 122,243 (167,969) 78,702 Designated Funds World of Work TUPS 2,872 988 40,126 (42.519) 479 988 Restrieted Funds CaPa ThuOck Coalition - Community Fund Essex Community Foundation ThuOck Send Family Forum 9,253 331 331 41,075 41,075 16,120 680 (7.646) 18,407 Total Funds £134,790 £100,403 £122.923 (£218,134) £139,982 The principal aim of the designated fund, Wow, is to eqlablish a scheme to prepare people with learning differences to consider productive employment. The principal aim of the designated fund, TUPS, is to bring relief to the sensory impaired people of Thuffock. Thumck Send Family Forum restricted funds relate to a fornm of carers and parenLs in Thurrock for young people (aged O 10 25) lo which Thurrock Centre for Independent Living act as a host organisation which hold and administer its monies. The donation from the Thurro¢k Coalition is to bring relief to the vulnerable people of Thuffock. The donation from the Essex Community Foundation is to 8UPPOrt the employment opportunities of people with mental health issues. I I. ANALYSIS OF NET ASSETS BETWEEN FUNDS General Funds Desi nal¢d Funds Restricted Funds Total Funds Tangible Fixed Assets Current Assets Current Liabilities 1,162 80,006 (2,466) 1,162 141,286 (2,466) 1,467 59,813 Net Assets at 3151 March 2024 £78,702 £1,467 £59,813 £139,982 These notes forni part of the Financial Statements