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2023-03-31-accounts

Current financial year
Unrestricted Restricted Total Total
fonds fonds
2023 2023 2023 2022
Notes
Income from:
Donations and legacies 3 151,920 44,391 196,311 156,460
Charitable activities 5 3,251,076 141,208 3,392,284 3,283,771
Activities for generating funds 4 19,457 - 19,457 857
Investment income 6 93 - 93 17
Total income 3,422,546 185,599 3,608,145 3,441,105
Expenditure on:
Fundraising costs 7 20 - 20 20
Charitable activities 8 2,967,308 290,141 3,257,449 3,261,976
Total expenditure 2,967,328 290,141 3,257,469 3,261,996
Net incoming/(outgoing) resources before
transfers 455,218 (104,542) 350,676 179,109
Gross transfers between funds (1,821)1,821
Net income/(expenditure) for the year/
Net incomf ng/(outgoing) resources 453,397 (102,721) 350,676 i 179,109
Other recognised gains and losses
Actuarial (loss)/gain on defined benefit pension
schemes 11,568
Net movement in funds 453,397 (102,721) 350,676 190,677
Fund balances at 1 April 2022 386,082 159,471 545,553 354,876
Fund balances at 31 March 2023 839,479 56,750 896,229 545,553
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Prior financial year
Unrestricted Restricted Total
fonds fonds
2022 2022 2022
Notes
Income from:
Donations and legacies 3 132,448 24,012 156,460
Charitable activities 5 2,575,211 708,560 3,283,771
Activities for generating fonds 4 857 - 857
Investment income 6 17 17
-
Total income 2,708,533 732,572 3,441,105
Expenditure on:
Fundraising costs 7 20 20
-
Charitable activities 8 2,567,261 694,715 3,261,976
Total expenditure 2,567,281 694,715 3,261,996
Gross transfers between fonds (1,813) 1,813 -
Net income/(expenditure) for the year/
Net incoming/(outgoing) resources 139,439 39,670 179,109
Other recognised gains and losses
Actuarial (loss)/gain on defined benefit pension schemes 11,568 11,568
Net movement in fonds 151,007 39,670 190,677
Fund balances at 1 April 2021 235,075 119,801 354,876
Fund balances at 31 March 2022 386,082 159,471 545,553
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.

2023 2022
Notes
Current assets
Debtors 12 116,223 316,010
Cash at bank and in hand 1,134,353 1,307,046
1,250,576 1,623,056
Creditors: amounts felling due within
one year 13 (351,782) (1,073,479)
Net current assets 898,794 549,577
Provisions for liabilities 14 (2,565) (4,024)
Net assets 896,229 545,553
Income fonds
Restricted fonds 17 56,750 159,471
Unrestricted fonds
Designated fonds 19 8,606
General unrestricted fonds 842,044 381,500
Pension reserve (2,565) (4,024)
839,479 386,082
896,229 545,553

2023 2022
Notes
Cash flows from operating activities
Cash (absorbed by)/generated from22
operations (172,786) 619,217
Investing activities
Interest received 93 17
Net cash generated from investing
activities 93 17
Net cash used in financing activities
Net (decrease)/increase in cash and cash
equivalents (172,693) 619,234
Cash and cash equivalents at beginning of year 1,307,046 687,812
Cash and cash equivalents at end of year 1,134,353 1,307,046

3 Donations and legacies
Unrestricted Restricted Total Total
funds funds 2023 2022
Donations and other voluntary income 20,887 44,391 65,278 73,287
Grants receivable for core activities 131,033 - 131,033 83,173
151,920 44,391 196,311 156,460
For the year ended 31 March 2022 132,448 24,012 156,460
Donations and gifts
Watford Council 4,300 4,300 2,500
Brick by Brick
The Childwick Trust
-
13,297
-
-
-
13,297
9,720
-
TKMaxx - - - 6,480
Watford Community Housing Trust - - - 6,480
Garfield Weston Foundation - - - 10,000
Jaspar Foundation 5,000 - 5,000 3,600
Community Cup Golf Day
Warner Bros
-
-
2,000
8,515
2,000
8,515
2,000
-
Other 2,590 29,576 32,166 32,507
20,887 44,391 65,278 73,287
Grants receivable for core activities
Watford Council - CVS Grant 79,173 79,173 79,173
Whtford Council - COVID-19 Grant - Bam - - - 4,000
Three Rivers District Council - CVS Grant 40,000 - 40,000 -
Watford Council - Community Funds Coordinator 9,360 - 9,360 -
Watford Community Housing Trust 2,500 - 2,500
131,033 131,033 83,173
Activities for generating funds
Unrestricted Unrestricted
fundsfunds
2023 2022
Membership subscriptions 19,457 857
5 Charitable activities
Room hire and Fees and Lunch clubs Total Total
facilities contracts and transport 2023 2022
Income from charitable activities 118,791 64,077 30,255 213,123 615,083
Project grants - 3,179,161 - 3,179,161 2,668,688
118,791 3,243,238 30,255 3,392,284 3,283,771
Analysis by fond
Unrestricted fonds 116,883 3,103,938 30,255 3,251,076 2,575,211
Restricted fonds 1,908 139,300 - 141,208 708,560
118,791 3,243,238 30,255 3,392,284 3,283,771
Project grants
Watford Council 214,319 214,319 546,670
Hertfordshire County Council 2,103,299 2,103,299 1,655,926
Big Lottery Fund - 98,959
Communities 1st- Community Help
Hertfordshire 52,928 52,928 27,100
Herts Valleys Clinical Commissioning
Group 76,468 76,468
Three Rivers District Council 49,500 49,500 255,718
_
Dacorum Borough Council 15,787 15,787 -
Community Action Dacorum 5,841 5,841 -
PCN Unk Workers 378,037 378,037 -
NHS 280,583 280,583 5,367
Other 2,399 2,399 78,948
3,179,161 3,179,161 2,668,688
Investment income
Unrestricted Unrestricted
fundsfonds
2023 2022
Interest receivable 93 17
Unrestricted Unrestricted
fondsfonds
2023 2022
Fundraising costs
Other fundraising costs 20 20
20 20
Charitable activities
2023 2022
Staff costs 1,034,285 1,017,695
Other staff costs 48,061 33,408
Project costs 1,506,707 1,676,841
Premises costs 72,085 47,663
Insurance costs 10,753 8,710
Repairs and maintenance costs 303,677 156,515
Office costs 44,586 30,727
Computer costs 128,412 178,340
Promotion and publicity costs 22,362 11,310
Travel and subsistence costs 33,473 54,555
General expenses 19,022 8,447
Legal and professional costs 26,924 33,661
Bank charges and other finance costs 2,998 1,704
Governance costs 4,104 2,400
3,257,449 3,261,976
Analysis by fond
Unrestricted fonds 2,967,308 2,567,261
Restricted fonds 290,141 694,715
3,257,449 3,261,976
Governance costs comprise fees paid to the Auditors for audit services (2,700) and the costs of the Annual
Board of Trustees planning day (1,404).

Number of employees
The average monthly number of employees during the year was:
2023 2022
Number Number
Charitable and administrative 40 44
Employment costs 2023 2022
Wages and salaries 928,542 918,836
Social security costs 80,150 73,376
Other pension costs 25,593 25,483
1,034,285 1,017,695
There were no employees whose annual remuneration was 60,000 or more.
11 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
12 Debtors
2023 2022
Amounts felling due within one year
Trade debtors 108,444 314,765
Other debtors 703 115
Prepayments and accrued income 7,076 1,130
116,223 316,010
13 Creditors: amounts felling due within one year
2023 2022
Notes
Deferred income 15 11,430 860,168
Trade creditors 326,687 196,801
Other creditors 8,765 10,110
Accruals 4,900 6,400
351,782 1,073,479
14 Provisions for liabilities 2023 2022
Notes
Retirement benefit obligations 16 2,565 4,024
2,565 4,024
15 Deferred income
2023 2022
Other deferred income 11,430 860,168
Deferred income is included in the financial statements as follows:
2023 2022
Deferred income is included within:
Current liabilities 11,430 860,168
Movements in the year
Deferred income at 1 April 2022 860,168 281,848
Released from previous periods (860,168) (281,848)
Resources deferred in the year 11,430 860,168
Deferred income at 31 March 2023 11,430 860,168
31 March 2023 31 March 2022 31March 2021
(s) (s) (s)
Present value of provision 2,565 4,024 20,874
Reconciliation of opening and closing provisions Period Ended 31 Period Ended 31
March 2023 March 2022
(s) (s)
Provision at start of period 4,024 20,874
Unwinding of the discount factor (interest expense) 76 120
Deficit contribution paid (1,466) (5,282)
Remeasurements - impact of any change in assumptions (69) (92)
Remeasurements - amendments to the contribution schedule - (11,596)
Provision at end of period 2,565 4,024
16 Retirement benefit schemes (Continued)
Income and Expenditure impact Period Ended 31 Period Ended 31
March 2023 March 2022
(s) (s)
Interest expense 76 120
le
(69)
Remeasurements - impact of any change in assumptions
Remeasurements - amendments to the contribution schedule
(11,596)
(92)
Contributions paid in respect of future service
Costs recognised in income and expenditure account
Assumptions 31March 2023 31 March 2022 31March 2021
% per annum % per annum % per annum
Rate of discount 5.52 2.35 0.66

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Unrestricted Restricted Total Unrestricted Restricted Total
fonds fonds fonds fonds
2023 2023 2023 2022 2022 2022
Fund balances at 31
March 2023 are
represented by:
Current assets/(liabilities) 842,044 56,750 898,794 390,106 159,471 549,577
Provisionsand
pensions (2,565) - (2,565) (4,024) - (4,024)
839,479 56,750 896,229 386,082 159,471 545,553

The income fonds of the charity include the following designated funds which have been set aside out of designated funds which have been set aside out of
unrestricted fonds by the trustees for specific purposes:
Movement
in fonds
Balance at Incoming Balance at ResourcesBalance at
1 April 2021 resources 1 April 2022 expended 31 March 2023
4,646
Premises Maintenance Fund
4,646 (4,646)
3,960
Development Fund
3,960 (3,960)
8,606 8,606 (8,606)
The Premises Maintenance Fund is to provide for the costs of replacing the boiler and creating a new card
entry system.
The Development Fund is to fond general developments in service delivery including an online booking
platform and upgrading virtual platforms, our website and intranet.
20Related party transactions
There were no disclosable related party transactions during the year (2022 - none).