OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Charlty Reglstration No. 1088592 Company Regl#ratlon No. 04107226 IEngland and Wales? PURSUING INDEPENDENT PATHS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

PURSUING INDEPENDENT PATHS LEGALAND ADMINISTRATIVE INFORMATION Trustees M 83rrie P Brown (Appointed 29 May 20231 (Appointed 6 December 20221 (Appointed 29 May 20231 T Cash T Ekendu T Lang J Leach D Wakerley J Wilcox Charity number 1088592 Company number 04107226 Reglstered ottl 306 Kensal Road London WIO 5BE United Kingdom Audltor HW Flsher LLP Acre House 11-15 Williatn Road London NWI 3ER United Kingdom Bankers Unity Trust Bank Nine Brindleyplace Birmingham 812HB

PURSUING INDEPENDENT PATHS CONTENTS PaEe Trustee5' report Statement of trustees, responsibilitie5 Independent auditor's report Statement of financial activities io-ii Balantr sheet 12 Statement of cash flows 13 Notes to the financial st8tementS 14-26

ÐËÎÍË×ÒÙ ×ÒÜÛÐÛÒÜÛÒÌ ÐßÌØÍ

Í ÎÛÐÑÎÌ÷

FOR THE YEAR ENDED 31 MARCH 2023

îðîíò

íï Ó¿®½¸ ݱ³°¿²·»- ß½¬ °«®°±-»-ò

̸» º·²¿²½·¿´ -¬¿¬»³»²¬- ½±³°´§ ©·¬¸ ¬¸» ݱ³°¿²·»- ß½¬ îððêô ¬¸» Ó»³±®¿²¼«³ ¿²¼ ß®¬·½´»- ±º ß--±½·¿¬·±² ¿²¼ ß½½±«²¬·²¹ ¿²¼ λ°±®¬·²¹ ¾§ ݸ¿®·¬·»-æ ͬ¿¬»³»²¬ ±º λ½±³³»²¼»¼ Ю¿½¬·½» ¿°°´·½¿¾´» ¬± ½¸¿®·¬·»- °®»°¿®·²¹ ¬¸»·® ¿½½±«²¬- ·² ¿½½±®¼¿²½» ©·¬¸ ¬¸» Ú·²¿²½·¿´ λ°±®¬·²¹ ͬ¿²¼¿®¼ ¿°°´·½¿¾´» ·² ¬¸» ËÕ ¿²¼ λ°«¾´·½ ±º ×®»´¿²¼ øÚÎÍ ïðî÷ ø»ºº»½¬·ª» ï Ö¿²«¿®§ îðïç÷ò

ÑÞÖÛÝÌ×ÊÛÍ ßÒÜ ßÝÌ×Ê×Ì×ÛÍ

зР½¸¿®·¬¿¾´» ±¾¶»½¬- ¿®» ¬± °®±³±¬» ¿²§ ½¸¿®·¬¿¾´» °«®°±-» º±® ¬¸» ¾»²»º·¬ ±º ¬¸» °«¾´·½ ·² ¬¸» ËÕ ©¸·½¸ ©·´´ ¿--·-¬ ¿¼«´¬- ø¿¹»¼ ±ª»® ïè÷ ´·ª·²¹ ·² Ù®»¿¬»® Ô±²¼±² ©¸± ¸¿ª» ´»¿®²·²¹ ¼·ºº·½«´¬·»- ¿²¼ñ±® ³»²¬¿´ ¸»¿´¬¸ °®±¾´»³-ô ¾§ ¬¸» ¿¼ª¿²½»³»²¬ ±º »¼«½¿¬·±² ¿²¼ ¬¸» °®±¬»½¬·±² ±º ¸»¿´¬¸ò

Ñ«® ª·-·±² ·- ò Ñ«® ³·--·±² ø±® °«®°±-»÷ -¬¿¬»³»²¬ ©±®µ ¬±¹»¬¸»® ©·¬¸ °»±°´» ©·¬¸ ¿ ´»¿®²·²¹ ¼·-¿¾·´·¬§ ¿²¼ ¬¸»·® -«°°±®¬ ²»¬©±®µ- ¬± ¹¿·² -µ·´´- ¿²¼ ±°°±®¬«²·¬·»- º±® ·²¼»°»²¼»²½» ¿²¼ ¬± ò Í·²½» ±«® îðîï -¬®¿¬»¹·½ ®»ª·»© ¿²¼ îðîî ³±ª» ¬± ±«® ²»© ½»²¬®» ©» ¸¿ª» ©±®µ»¼ ¬± ¿´·¹² ±«® ©±®µ ¿²¼ ©·¬¸ ¬¸»-» -¬¿¬»³»²¬-ò

Ñ«® ½±®» °®±ª·-·±² -«°°±®¬- ´»¿®²»®- º®±³ ¿½®±-- É»-¬³·²-¬»®ô Õ»²-·²¹¬±² ú ݸ»´-»¿ô ¿²¼ ±¬¸»® Ô±²¼±² ¾±®±«¹¸-ò ͬ«¼»²¬- ¿¬¬»²¼ зР±º¬»² ©·¬¸ ³«´¬·°´» ´»¿®²·²¹ ¼·-¿¾·´·¬·»Í§²¼®±³»ô Ú®¿¹·´» È -§²¼®±³»ô -»²-±®§ ¼·-¿¾·´·¬·»- ±® ß«¬·-³ò Ò»»¼ º±® зР-»®ª·½»- ½¿² ª¿®§ º®±³ í ¸±«®- ¿½®±-- ¬¸» ©»»µ «° ¬± í𠸱«®- ©¸·½¸ ·- ±«® ³¿¨·³«³ ±ºº»®ò ײ îðîîóîí ©» ®»¿½¸»¼ ±«® ¸·¹¸»-¬ »ª»® ²«³¾»® ±º -¬«¼»²¬-ô ½´±-» ¬± éð ·² ¬±¬¿´ ¿²¼ ©» ¼»´·ª»®»¼ ±ª»® ëðôððð -¬«¼»²¬ ¸±«®-ò

Ñ«® -¬«¼»²¬- ³¿µ» ¬¸»·® ±©² °»®-±²¿´·-»¼ ´»¿®²·²¹ °®±¹®¿³³»ô ½¸±±-·²¹ -»--·±²- º®±³ ±«® º±«® ¼»´·ª»®§ °¿¬¸©¿§-æ Û³°´±§³»²¬ ¿²¼ ʱ½¿¬·±²¿´ Ì®¿·²·²¹å Ý®»¿¬·ª» ¿²¼ л®º±®³·²¹ ß®¬-å Ø»¿´¬¸ ¿²¼ É»´´¾»·²¹å ¿²¼ ײ¼»°»²¼»²¬ Ô·ª·²¹ ͵·´´-ô -±³» »¨¿³°´»- ±º ©¸·½¸ ¿®» ¼»-½®·¾»¼ ¾»´±©æ

ó Û³°´±§³»²¬ ¿²¼ ʱ½¿¬·±²¿´ Ì®¿·²·²¹

ó Ú®«·¬º«´ô ±«® -±½·¿´ »²¬»®°®·-» -¬§´» ¶«·½» °±° «° -¬¿´´

ó Û³°´±§¿¾·´·¬§ -«°°±®¬ ·² -³¿´´ ¹®±«°- ¿²¼ ïæï ¶±¾ ½±¿½¸·²¹

ó ɱ®µ »¨°»®·»²½»ô ¶±¾ ¬¿-¬»®- ¿²¼ °´¿½»³»²¬ó л¬·¬ Ó·®¿½´»-ô ¿ ´±½¿´ -±½·¿´ »²¬»®°®·-» ¬¸¿¬ ¬»¿½¸»- «°½§½´·²¹ º«®²·¬«®» -µ·´´-

ó Ý®»¿¬·ª» ¿²¼ л®º±®³·²¹ ß®¬-

ó Ü®¿³¿ ó Ý¿¾¿®»¬ ó Ê·-«¿´ ¿²¼ Í»²-±®§ ß®¬ ó Ó«-·½ ¿²¼ Í·²¹·²¹ ó Ý®»¿¬·ª» É®·¬·²¹ ó Ó¿µ·²¹ б¼½¿-¬-

ó Ø»¿´¬¸ ¿²¼ É»´´¾»·²¹

ó Û¨»®½·-» ¿²¼ Ú·¬²»-ó Ù¿®¼»²·²¹ ó ͱ½·¿´ É»´´¾»·²¹ ó ó Ë-·²¹ ¸»¿´¬¸ -»®ª·½»-ô ¸»¿´¬¸ ½¸»½µó Ì®¿ª»´ -µ·´´- ¬± »²¿¾´» -¬«¼»²¬- ¬± ¬®¿ª»´ ·²¼»°»²¼»²¬´§ ó ß¼ª±½¿½§ô ¬± -«°°±®¬ -¬«¼»²¬- ¬± -°»¿µ «° ¿²¼ ±«¬ ¿¾±«¬ -«¾¶»½¬- ¬¸»§ ½¿®» ¿¾±«¬ ó Ü¿·´§ Ô·ª·²¹ ͵·´´- -«½¸ ¿- ¸»¿´¬¸§ ½±±µ·²¹ô ³¿²¿¹·²¹ ³±²»§ ¿²¼ «-·²¹ »¯«·°³»²¬ ¿®±«²¼ ¬¸» ¸±«-»

ó ײ¼»°»²¼»²¬ Ô·ª·²¹ ͵·´´-

É»»µ´§ -¬«¼»²¬ ³»»¬·²¹- ¿²¼ ¿ ͬ«¼»²¬ ݱ«²½·´ »²-«®» ¬¸¿¬ ¬¸» -¬«¼»²¬ ª±·½» ·- µ»°¬ ½»²¬®¿´ ¬± ¬¸» ©¿§ зР±°»®¿¬»-ò É» ¸¿ª» -¬¿®¬»¼ ©±®µ ©·¬¸ -¬«¼»²¬- ¬± ¿-½»®¬¿·² ¸±© ¾»-¬ ¬± ¿³°´·º§ ¬¸·- ¿¬ ¿´´ ´»ª»´- ±º ¬¸» ±®¹¿²·-¿¬·±² -± ¬¸¿¬ ¬¸» ³¿²¿¹»³»²¬ ¬»¿³ ¿²¼ ¬¸» Þ±¿®¼ ±º Ì®«-¬»»- ½¿² ®»-°±²¼ ¬± ¬¸» ½¸¿²¹»- ¿²¼ -»®ª·½» ·³°®±ª»³»²¬- -¬«¼»²¬- ©·-¸ ¬± -»»ò

FOR THE YEAR ENDED 31 MARCH 2023

ÐËÎÍË×ÒÙ ×ÒÜÛÐÛÒÜÛÒÌ ÐßÌØÍ

Í ÎÛÐÑÎÌ÷

ßÝØ×ÛÊÛÓÛÒÌÍ ßÒÜ ÐÛÎÚÑÎÓßÒÝÛ

îðîîóîí ©¿- ±«® º·®-¬ §»¿® ·² ±«® ²»© ½»²¬®» ¿¬ íðê Õ»²-¿´ α¿¼ô ½±²-·-¬·²¹ ±º ¿ °«®°±-»ó¿¼¿°¬»¼ ¸±³» º±® ±«® -¬«¼»²¬- ©·¬¸ ¿ °»®º±®³·²¹ ú ½®»¿¬·ª» ¿®¬- -°¿½»å ¿ ¬»¿½¸·²¹ µ·¬½¸»²å ³«´¬·°´» ½´¿--®±±³-å ¿²¼ ¿ ¼·¹·¬¿´ó·³³»®-·±² ®±±³ò ̸» ½»²¬®» ¿´´±©- «- ¬± -«°°±®¬ -¬«¼»²¬- ©·¬¸ ³«´¬·°´» ¼·-¿¾·´·¬·»- ¿²¼ ¬¸» ¸·¹¸ ¼»³¿²¼ º®±³ °±¬»²¬·¿´ -¬«¼»²¬-ô ¬¸»·® º¿³·´·»-ô ¿²¼ -±½·¿´ ©±®µ»®- ¸¿ª·²¼·½¿¬»¼ ±«® ³±ª»ò ̸» ½»²¬®» ¸¿- -°¿½» º±® ¿°°®±¨·³¿¬»´§ ìð -¬«¼»²¬- °»® ¼¿§ ¿²¼ ©» ¸¿ª» ¿ª»®¿¹»¼ çðû ½¿°¿½·¬§ ·² îðîîñîíô ¿´´±©·²¹ «- ¬± -«°°±®¬ ½´±-» ¬± éð -¬«¼»²¬- º±® ¿² ¿ª»®¿¹» ±º îòë ¼¿§- °»® -¬«¼»²¬ò д¿²- ¿®» ·² °´¿½» ¬± ½±²¬·²«» ¬± »¨°¿²¼ ±«® ²«³¾»® ±º -¬«¼»²¬- ¿²¼ »¨°´±®» ¸±© ©» ³¿§ «-» ¬¸» ½»²¬®» ¿- ¿ ¾¿-» º±® ·²ó½±³³«²·¬§ °®±ª·-·±²ò

ײ Ó¿§ô ¬± ½»´»¾®¿¬» ±«® ²»© ½»²¬®» ¿²¼ -¸±©½¿-» ±«® -¬«¼»²¬©±®µ ·² ±«® ½®»¿¬·ª» ú °»®º±®³·²¹ ¿®¬- ½«®®·½«´«³ô зР¸±-¬»¼ ¿ ²«³¾»® ±º °»®º±®³¿²½»- ©·¬¸ ¿«¼·»²½»- º±®³»¼ ±º º¿³·´·»-ô ½¿®»®-ô º®·»²¼-ô º«²¼»®-ô ¿²¼ ´±½¿´ °¿®¬²»®-ò

ײ Ö«´§ô ©·¬¸ ±«® ½±³³«²·¬§ °¿®¬²»® Þ®·¬·-¸ Ô¿²¼ô ©» ¸¿¼ ¿ -»½±²¼ -«³³»® Ú®«·¬º«´ ®»-·¼»²½§ ¿¬ п¼¼·²¹¬±² Ý»²¬®¿´ò Ûª»®§ ©»»µ ±«® -¬«¼»²¬- °¿--»¼ ±«¬ º®»» -³±±¬¸·»-ô ±®¿²¹» ¶«·½»ô ¿²¼ º®«·¬ ¬± ¬¸» ½±³³«²·¬§ò ̸» »ª»²¬- °®±ª·¼»¼ ¿ ©±²¼»®º«´ ´»¿®²·²¹ »¨°»®·»²½» º±® ±«® -¬«¼»²¬- ¿´±²¹-·¼» °¿®¬ó¬·³» »³°´±§³»²¬ò

зР¿·³- ¬± ³¿·²¬¿·² ¿ ¬»®³ ½¿´»²¼¿® ¬¸¿¬ ³·®®±®- ¬¸±-» ½±³³±² ·² -½¸±±´- ¿²¼ ½±´´»¹»- ¬± -«°°±®¬ -¬«¼»²¬ ¬®¿²-·¬·±² º®±³ º±®³¿´ »¼«½¿¬·±² ¿²¼ °®±ª·¼» ©·²¼±©- º±® º¿³·´§ ¸±´·¼¿§- ¬¸¿¬ ¼± ²±¬ ¼·-®«°¬ -»--·±²-ò É» ®»º»® ¬± ¬¸»-» ¬¸®»» °»®·±¼-ô ·² ß°®·´ô ß«¹«-¬ô ¿²¼ ѽ¬±¾»® ¿- ±«® Í°®·²¹ô Í«³³»®ô ¿²¼ ß«¬«³² Ô»·-«®» Ю±¹®¿³³»-ò ̸»-» ´»·-«®» °®±¹®¿³³»- -»» зР¿¼±°¬ ¿ ³±®» ½¿-«¿´ ¬·³»¬¿¾´» ©·¬¸ ³±®» º±½«- ±² -°»½·¿´ »ª»²¬- ¿²¼ ¬®·°-ò ß«¹«-¬ îðîî ©¿- ±«® ´¿®¹»-¬ ´»·-«®» °®±¹®¿³³» §»¬ ©·¬¸ º±±¬¾¿´´ »ª»²¬-ô ¼¿²½» ½´¿--»- ¿²¼ -¬«¼»²¬ ½®¿º¬·²¹ò

Ñ«® ©»»µ´§ Ý¿¾¿®»¬ -»--·±²- ¾«·´¼ »ª»®§ §»¿® ¬±©¿®¼- °«¬¬·²¹ ±² ¿ ²»© п²¬±³·³»ò É·¬¸ ¬¸» îðîð ú îðîï -¸±©- ½¿²½»´´»¼ ¼«» ¬± ¬¸» ÝÑÊ×Üóïç °¿²¼»³·½ ±«® -¬«¼»²¬- ©»´½±³»¼ ¬¸» ±°°±®¬«²·¬§ ¬± ®»ó-¬¿®¬ ¿ ³«½¸ »²¶±§»¼ °¿®¬ ±º зРò ̸·- §»¿® - -¸±©ô Ø¿®®§ ú ¬¸» Ù´¿--ô ©¿- ½±²½»·ª»¼ô ©®·¬¬»²ô ¿²¼ °»®º±®³»¼ ¾§ зР-¬«¼»²¬-ò ß«¼·»²½» º»»¼¾¿½µ ©¿- ª»®§ °±-·¬·ª» ¿²¼ ·² îðîí ©» °´¿² ¬± °»®º±®³ ¬¸» -¸±© ³«´¬·°´» ¬·³»- ·²½´«¼·²¹ ¬± ´±½¿´ -½¸±±´- ¬± ¾»¬¬»® -¸±©½¿-» ±«® ©±®µ ¬± ±«® ½±³³«²·¬§ò

îðîîóîí -¿© ¿ ®»²»©»¼ º±½«- ¾§ зР±² -¬«¼»²¬ »³°´±§³»²¬ ·² ®»-°±²-» ¬± -¬«¼»²¬ º»»¼¾¿½µò зР¿´´±½¿¬»- -·¹²·º·½¿²¬ ®»-±«®½» ¬± -»½«®·²¹ °´¿½»³»²¬- ¿²¼ °¿®¬ó¬·³» »³°´±§³»²¬ ©·¬¸ ±«® ½±³³«²·¬§ °¿®¬²»®-ò Ö¿²«¿®§ îðîí -¿© ³«´¬·°´» -¬«¼»²¬- ¸¿ª» °´¿½»³»²¬óîì ©» ½¿² ¿´®»¿¼§ -»» ±«¬½±³»º®±³ ¬¸·- ©±®µ ©·¬¸ -±³» -¬«¼»²¬- ©¸± ©»®» ·²ª±´ª»¼ ·² ¬¸» °´¿½»³»²¬- ²±© -»½«®·²¹ °¿®¬ó¬·³» ©±®µò

ÚËÒÜÎß×Í×ÒÙ

îðîîóîí -¿© ¿ -·¹²·º·½¿²¬ ¬®¿²-·¬·±² ·² ±«® º«²¼®¿·-·²¹ ¬»¿³ ¿- ¾±¬¸ ³»³¾»®- ±º ±«® ¬»¿³ °®±¹®»--»¼ ¬± ±°°±®¬«²·¬·»- ©·¬¸ зР½±³³«²·¬§ °¿®¬²»®-ò Ñ«® ²»© Ø»¿¼ ±º Ú«²¼®¿·-·²¹ ú ݱ³³«²·½¿¬·±²- ¶±·²»¼ ·² Ö¿²«¿®§ îðîíò ̸·- ¬®¿²-·¬·±² °»®·±¼ ®»-«´¬»¼ ·² ¿ ¼®±° ·² ª±´«²¬¿®§ ·²½±³» ©¸·½¸ ©¿- ¾¿´¿²½»¼ ¾§ ·²½®»¿-»¼ -¬«¼»²¬ ·²½±³» ·² ¬¸» §»¿®ò

Ü«®·²¹ ¬¸» îðîîóîí º·²¿²½·¿´ §»¿® ©» ©»®» ¼»´·¹¸¬»¼ ¬± -»½«®» ·²½±³» º®±³ ¿ ²«³¾»® ±º º±«²¼¿¬·±²- ·²½´«¼·²¹ Ý·¬§ Þ®·¼¹» Ì®«-¬ ¿´±²¹-·¼» ½±²¬·²«»¼ -«°°±®¬ º®±³ Þ±©³¿®µ Ý¿°·¬¿´ ¿²¼ ̸» Ò¿¬·±²¿´ Ô±¬¬»®§ ݱ³³«²·¬§ Ú«²¼ò

Ñ«® ²»© º«²¼®¿·-·²¹ -¬®¿¬»¹§ô °®»-»²¬»¼ ¿¬ ±«® Ö«²» ¾±¿®¼ô ©·´´ -»» зР°´¿½» ¹®»¿¬»® º±½«- ±² º«²¼®¿·-·²¹ ¬± -«°°±®¬ ¬¸» ¹®±©¬¸ ¿²¼ ¼·ª»®-·º·½¿¬·±² ±º ±«® ¼»´·ª»®§ò

Ú×ÒßÒÝ×ßÔ ÎÛÊ×ÛÉ

̱¬¿´ ·²½±³» ¼»½®»¿-»¼ ¾§ éû ¬± }ïôíëíôðëï øîðîïóîîæ }ïôìëêôíîê÷ò ̸·- ©¿- ³¿·²´§ ¼«» ¬± ¿ ®»¼«½¬·±² ·² ª±´«²¬¿®§ ·²½±³»ô ¹»²»®¿¬»¼ ¾§ ¼±²¿¬·±²- ¿²¼ º«²¼®¿·-·²¹ ©¸·½¸ ¼»½®»¿-»¼ ¾§ íéû ¬± }íêéôéïè øîðîïóîîæ }ëèîôëêî÷ »²¬·®»´§ ¼«» ¬± ¬¸» »²¼ ±º º«²¼·²¹ º±® ¬¸» ³±ª» ¬± ±«® ²»© ¸±³»ò É» ¿®» °´»¿-»¼ ¬± ®»°±®¬ ¬¸¿¬ ¸¿ª·²¹ -»¬¬´»¼ ·²¬± ¬¸» ²»© °®»³·-»-ô ©» ¸¿ª» -»»² ®»³¿®µ¿¾´» ·²½®»¿-» ·² -¬«¼»²¬ ¿½¬·ª·¬§ ®»-«´¬·²¹ ·² -·¹²·º·½¿²¬ ·²½±³» º®±³ ½¸¿®·¬¿¾´» ¿½¬·ª·¬·»- ±º }çèîôîëêô ¿² ·²½®»¿-» ±º ïíû º®±³ ´¿-¬ §»¿® øîðîïóîîæ }èéîôçêê÷ò ̸·- ·- °®·³¿®·´§ -¬«¼»²¬ ·²½±³» º®±³ ´±½¿´ ¿«¬¸±®·¬·»- ©¸± ¸¿ª» ½±²¬·²«»¼ ¬± -«°°±®¬ зР»²¿¾´·²¹ «- ¬± ²±© ®«² ¿ º«´´§ ·²ó°»®-±² °®±¹®¿³³» ±º ¼·¹·¬¿´ ¿²¼ ½´¿--®±±³ ´»¿®²·²¹ô ©»´º¿®» -«°°±®¬ ¿²¼ ©»´´¾»·²¹ -»--·±²- ¬¸®±«¹¸±«¬ ¬¸» §»¿®ò

̱¬¿´ »¨°»²¼·¬«®» ¸¿- ·²½®»¿-»¼ ¾§ ïðû ¬± }ïôíìðôìêè øîðîïóîîæ }ïôîïìôííç÷ ¼«» ¬± ¬¸» ®»ª»²«» »¨°»²-»- ®»´¿¬»¼ ¬± ¬¸» ²»© ½»²¬®»ô ·² ¿¼¼·¬·±² ¬± ¬¸» ±²¹±·²¹ ·²ó°»®-±² °®±ª·-·±² ¿¬ ¬¸» ½»²¬®» º±® ²±®³¿´ зР-¬«¼»²¬ ¿½¬·ª·¬·»- ¿²¼ ®»-·¼«¿´ Éç »¨°»²-»-ò

FOR THE YEAR ENDED 31 MARCH 2023

ÐËÎÍË×ÒÙ ×ÒÜÛÐÛÒÜÛÒÌ ÐßÌØÍ

Í ÎÛÐÑÎÌ÷

̸» -«®°´«- º±® ¬¸» §»¿® ±º }ïîôëèí øîðîïóîîæ }îìïôçèé÷ ·- ´±©»® ¬¸·- §»¿® ¬¸¿² ´¿-¬ §»¿® ³¿·²´§ ¼«» ¬± ¬¸» ¼»°®»½·¿¬·±² ±º ¬¸» ¿--»¬°«®½¸¿-»¼ ¿²¼ ´»¿-»¸±´¼ ·³°®±ª»³»²¬- ®»´¿¬·²¹ ¬± ¬¸» ³±ª» ¬± ¬¸» ²»© °®»³·-»- ¬¸¿¬ ©»®» ½¿°·¬¿´·-»¼ ´¿-¬ §»¿® ¬± ¾» ¼»°®»½·¿¬»¼ ±ª»® ¬¸» °»®·±¼ ±º ¬¸» ´»¿-» ¼»-°·¬» ¿´´ ¬¸» ·²½±³» ¸¿ª·²¹ ¾»»² ®»½±¹²·-»¼ ·² ¬¸¿¬ º·²¿²½·¿´ §»¿®ò ̸·- ·- ¸»´¼ ·² ¿ ¼»-·¹²¿¬»¼ º·¨»¼ ¿--»¬- ®»-»®ª» ±º }íéìôèéë øîðîïóîîæ }ìêïôìíë÷ ®»°®»-»²¬·²¹ ¬¸» ²»¬ ¾±±µ ª¿´«» ±º ò Û¨½´«¼·²¹ ¬¸» ²±²ó½¿-¸ }ïíèôíèíò

ß- ¿¬ íï Ó¿®½¸ îðîíô зР¸»´¼ ¹»²»®¿´ «²®»-¬®·½¬»¼ ®»-»®ª»- ±º }ìèîôíèî øîðîïóîîæ }ìðéôèîè÷ ¿²¼ «²®»-¬®·½¬»¼ ¼»-·¹²¿¬»¼ ®»-»®ª»ø¿- ³»²¬·±²»¼ ¿¾±ª»÷ ±º }íéìôèéë øîðîïóîîæ }ìêïôìíë÷ò ߬ ¬¸¿¬ ¼¿¬» зР¸»´¼ }ïíêôìëí øîðîïóîîæ }ïïïôèêì÷ ·² ®»-¬®·½¬»¼ ®»-»®ª»-ò

ÍÌÎËÝÌËÎÛô ÙÑÊÛÎÒßÒÝÛ ßÒÜ ÓßÒßÙÛÓÛÒÌ

Ù±ª»®²·²¹ ¼±½«³»²¬

Ы®-«·²¹ ײ¼»°»²¼»²¬ п¬¸- øзÐ÷ ·- ¿ ½¸¿®·¬¿¾´» ½±³°¿²§ ´·³·¬»¼ ¾§ ¹«¿®¿²¬»» ¹±ª»®²»¼ ¾§ ·¬- Ó»³±®¿²¼«³ ¿²¼ ß®¬·½´»- ±º ß--±½·¿¬·±² ¼¿¬»¼ ç Ò±ª»³¾»® îððð ¿- ¿³»²¼»¼ ±² îë Í»°¬»³¾»® îðïëò ׬ ·- ®»¹·-¬»®»¼ ¿- ¿ ½¸¿®·¬§ ©·¬¸ ¬¸» ݸ¿®·¬§ ݱ³³·--·±²ò зР©¿- »-¬¿¾´·-¸»¼ ·² ïçèì ¿- ¿ ½¸¿®·¬¿¾´» ¬®«-¬ ø±®·¹·²¿´´§ ½¿´´»¼ ¬¸» п¼¼·²¹¬±² ײ¬»¹®¿¬·±² Ю±¶»½¬÷ò ׬ ½¸¿²¹»¼ ·¬- ²¿³» ±² ·²½±®°±®¿¬·±² ¬± ·²¼·½¿¬» ·¬- ¿½¬·ª·¬·»- ©»®» ²± ´±²¹»® -±´»´§ ¾¿-»¼ ·² п¼¼·²¹¬±²ò

Ü·®»½¬±®- ¿²¼ ¬®«-¬»»-

̸» ¼·®»½¬±®- ±º ¬¸» ½¸¿®·¬¿¾´» ½±³°¿²§ ø½¸¿®·¬§÷ ¿®» ·¬- ¬®«-¬»»- º±® ¬¸» °«®°±-» ±º ½¸¿®·¬§ ´¿©ò ̸» ¬®«-¬»»- ¿²¼ ±ºº·½»®- -»®ª·²¹ ¼«®·²¹ ¬¸» §»¿® ¿²¼ -·²½» ¬¸» §»¿® »²¼ ©»®» ¿- º±´´±©-æ

Ì®«-¬»»-

Ó¿®µ Þ¿®®·» אַ·½µ Þ®±©² ß°°±·²¬»¼ îç Ó¿§ îðîí Ì»®®· Ý¿-¸ ß°°±·²¬»¼ ê Ü»½»³¾»® îðîî ̸»®»-¿ Ûµ»²¼« ß°°±·²¬»¼ îç Ó¿§ îðîí Ì·´´§ Ô¿²¹ Ö±¸² Ô»¿½¸ øݸ¿·®÷ Ü¿²·»´ É¿µ»®´»§ Ö«¼·¬¸ É·´½±¨ ݸ·»º Û¨»½«¬·ª» Ü»²·-» Ô¿®¹·²

Ò±²» ±º ¬¸» ¬®«-¬»»- ¸¿ª» ¿²§ ¾»²»º·½·¿´ ·²¬»®»-¬ ·² ¬¸» ½±³°¿²§ò ß´´ ±º ¬¸» ¬®«-¬»»- ¿®» ³»³¾»®- ±º ¬¸» ½±³°¿²§ ¿²¼ ¹«¿®¿²¬»» ¬± ½±²¬®·¾«¬» }ï ·² ¬¸» »ª»²¬ ±º ¿ ©·²¼·²¹ «°ò

ß°°±·²¬³»²¬ ±º ¬®«-¬»»-

˲´»-- ±¬¸»®©·-» ¼»¬»®³·²»¼ ¾§ ¿ Ù»²»®¿´ Ó»»¬·²¹ ¬¸» ²«³¾»® ±º ¬®«-¬»»- -¸¿´´ ¾» ²± ´»-- ¬¸¿² ¬¸®»» ¿²¼ ¿ ³¿¨·³«³ ±º º·º¬»»²ò ײ ¿½½±®¼¿²½» ©·¬¸ ¬¸» ß®¬·½´»- ±º ß--±½·¿¬·±²ô ¬®«-¬»»- ¿®» ¿°°±·²¬»¼ ¿¬ ¿ Ù»²»®¿´ Ó»»¬·²¹ º±® ¿ ¬»®³ ±º ¬¸®»» §»¿®- ©·¬¸ ¬¸» °±--·¾·´·¬§ ±º ¾»·²¹ ®»²»©»¼ º±® ¿ º«®¬¸»® ¬¸®»» §»¿®-ò

Ì®«-¬»» ·²¼«½¬·±² ¿²¼ ¬®¿·²·²¹

Ò»© ¬®«-¬»»- «²¼»®¹± ·²¼«½¬·±² ¬± ¾®·»º ¬¸»³ ±² ¬¸»·® ´»¹¿´ ±¾´·¹¿¬·±²- «²¼»® ½¸¿®·¬§ ¿²¼ ½±³°¿²§ ´¿© ¿²¼ ¬¸» ݸ¿®·¬§ ݱ³³·--·±² ¹«·¼¿²½» ±² °«¾´·½ ¾»²»º·¬ ¿²¼ ·²º±®³ ¬¸»³ ±º ¬¸» ½±²¬»²¬ ±º ¬¸» Ó»³±®¿²¼«³ ¿²¼ ß®¬·½´»- ±º ß--±½·¿¬·±²ô ¼»½·-·±² ³¿µ·²¹ °®±½»--»-ô ¬¸» -¬®¿¬»¹·½ °´¿² ¿²¼ зР®»½»²¬ º·²¿²½·¿´ °»®º±®³¿²½»ò Ì®«-¬»»- ¿®» »²½±«®¿¹»¼ ¬± ¿¬¬»²¼ ¿°°®±°®·¿¬» »¨¬»®²¿´ ¬®¿·²·²¹ »ª»²¬- ©¸»®» ¬¸»-» ©·´´ º¿½·´·¬¿¬» ¬¸» «²¼»®¬¿µ·²¹ ±º ¬¸»·® ®±´»ò

Ñ®¹¿²·-¿¬·±²

̸» Þ±¿®¼ ²±®³¿´´§ ³»»¬- º±«® ¬± º·ª» ¬·³»- ¿ §»¿® ¿²¼ ¬®«-¬»»- ¿®» ®»-°±²-·¾´» º±® -»¬¬·²¹ ¿²¼ ³±²·¬±®·²¹ ¬¸» -¬®¿¬»¹·½ ¼·®»½¬·±²ô ³¿²¿¹·²¹ ¿²¼ -«°°±®¬·²¹ ¬¸» ݸ·»º Û¨»½«¬·ª» ¿²¼ »²-«®·²¹ ¬¸¿¬ ¬¸» ½¸¿®·¬§ ³»»¬- ·¬- ½¸¿®·¬¿¾´» ±¾¶»½¬·ª»- ¾§ «-·²¹ ¬¸» ¾»-¬ °±--·¾´» °®¿½¬·½» ¿²¼ º·²¿²½·¿´ °®«¼»²½»ò ̱ º¿½·´·¬¿¬» »ºº»½¬·ª» ±°»®¿¬·±²-ô ¬¸» ݸ·»º Û¨»½«¬·ª» ¸¿- ¼»´»¹¿¬»¼ ¿«¬¸±®·¬§ô ©·¬¸·² ¬»®³- ±º ¼»´»¹¿¬·±² ¿°°®±ª»¼ ¾§ ¬¸» ¬®«-¬»»-ô º±® ±°»®¿¬·±²¿´ ³¿¬¬»®-ò

ÐËÎÍË×ÒÙ ×ÒÜÛÐÛÒÜÛÒÌ ÐßÌØÍ

Í ÎÛÐÑÎÌ÷

FOR THE YEAR ENDED 31 MARCH 2023

볫²»®¿¬·±² °±´·½§ º±® -»²·±® -¬¿ºº

̸» ¬®«-¬»»- ½±²-·¼»® ¬¸¿¬ ¬¸» Þ±¿®¼ ±º ¬®«-¬»»-ô ¬¸» ݸ·»º Û¨»½«¬·ª»ô ¬¸» Ø»¿¼ ±º Ú«²¼®¿·-·²¹ ¿²¼ ݱ³³«²·½¿¬·±²-ô ¬¸» Í»®ª·½» Ó¿²¿¹»® ¿²¼ ¬¸» Ú·²¿²½·¿´ ݱ²¬®±´´»® ½±³°®·-» ¬¸» µ»§ ³¿²¿¹»³»²¬ °»®-±²²»´ ±º ¬¸» ½¸¿®·¬§ ·² ½¸¿®¹» ±º ¼·®»½¬·²¹ ¿²¼ ½±²¬®±´´·²¹ô ®«²²·²¹ ¿²¼ ±°»®¿¬·²¹ ¬¸» ½¸¿®·¬§ ±² ¿ ¼¿§ó¬±ó¼¿§ ¾¿-·-ò

ß´´ ¬®«-¬»»- ¹·ª» ±º ¬¸»·® ¬·³» º®»»´§ ¿²¼ ²± ¬®«-¬»» ®»½»·ª»¼ ®»³«²»®¿¬·±² ·² ¬¸» §»¿®ò

̸» ¾¿-» -¿´¿®·»- ±º ¬¸» ݸ·»º Û¨»½«¬·ª» ¿²¼ Í»²·±® Ó¿²¿¹»³»²¬ Ì»¿³ ¿®» ®»ª·»©»¼ »ª»®§ ¬¸®»» §»¿®- ø±® -±±²»® ·² »¨½»°¬·±²¿´ ½·®½«³-¬¿²½»-÷ ©·¬¸ ¬¸» ®»ª·»© ¬¿µ·²¹ ·²¬± ¿½½±«²¬ ¾»²½¸³¿®µ ¼¿¬¿ò

Ы¾´·½ ¾»²»º·¬

¼»®

¬¸» ݸ¿®·¬·»- ß½¬ îðïïò

̸» ¬®«-¬»»- ¸¿ª» ½±²-·¼»®»¼ ¬¸» ±¾¶»½¬·ª»- ¿²¼ ¿½¬·ª·¬·»-ô ¬±¹»¬¸»® ©·¬¸ ¬¸» ¿½¸·»ª»³»²¬- ¿²¼ °»®º±®³¿²½»ô ®»°±®¬»¼ -»°¿®¿¬»´§ ¿²¼ ¸¿ª» ½±²½´«¼»¼ ¬¸¿¬æ

̸» ¿·³- ±º ¬¸» ±®¹¿²·-¿¬·±² ½±²¬·²«» ¬± ¾» ½¸¿®·¬¿¾´»å ¿²¼

ÕÛÇ Î×ÍÕÍ ßÒÜ ËÒÝÛÎÌß×ÒÌ×ÛÍ

Ð×Ð ¸¿- ¿ ¼»¬¿·´»¼ ®·-µ ®»¹·-¬»® ©¸·½¸ ·- «°¼¿¬»¼ ¿²¼ ®»ª·»©»¼ ¾§ ¬¸» Þ±¿®¼ -»³·ó¿²²«¿´´§ ø±® ³±®» º®»¯«»²¬´§ ·º ¿°°®±°®·¿¬»÷ò η-µ¿®» -½±®»¼ ±² ·³°¿½¬ ¿²¼ ´·µ»´·¸±±¼ ¾»º±®» ¿²¼ ¿º¬»® ·¼»²¬·º·»¼ ³·¬·¹¿¬·²¹ ¿½¬·±²- ¿²¼ ³±ª»³»²¬- ¬®¿½µ»¼ º®±³ ±²» °»®·±¼ ¬± ¬¸» ²»¨¬ò ß- ¿¬ »²¼ ±º Ó¿®½¸ îðîí ¬¸» ³¿·² ®·-µ- ·¼»²¬·º·»¼ ¾§ ±«® ¾±¿®¼ ¿®» ¾»´±© ©·¬¸ ±«® °®·³¿®§ ³·¬·¹¿¬·±²æ

É» ½±²¬·²«» ¬± ³±²·¬±® ¿²¼ ´·¿·-» ½´±-»´§ ©·¬¸ ´±½¿´ ¿«¬¸±®·¬·»- ±² ¿²§ ®»½«®®»²½» ±º ÝÑÊ×Üóïç ±® -·³·´¿® ¸»¿´¬¸ ®·-µ ©¸·½¸ ½±«´¼ ®»¯«·®» ¿ ®»¬«®² ¬± ¬¸» °®±¹®¿³³» ±º ®»³±¬» ¼»´·ª»®§ ¬¸¿¬ ©» -«½½»--º«´´§ ·³°´»³»²¬»¼ ·² îðóîîò

ÐÔßÒÍ ÚÑÎ ÚËÌËÎÛ ÐÛÎ×ÑÜÍ

Í«³³»® îðîíóîì ¸¿- -»»² зР¿¼±°¬ ¿²¼ »³¾»¼ ¿ ²»© -¬¿ºº -¬®«½¬«®» ©·¬¸ ¬¸» ±®¹¿²·-¿¬·±² ·²ª»-¬·²¹ ²»¿®´§ }îððÕ ·² ²»© ®±´»¿½®±-- ±«® ±®¹¿²·-¿¬·±² -¬®«½¬«®»ò Ú±´´±©·²¹ ±«® -«½½»--º«´ °·´±¬ ±º ¿ ½±ó±®¼·²¿¬±® º±® ±«® »³°´±§³»²¬ ½«®®·½«´«³ ©» ¸¿ª» ¿°°´·»¼ ¬¸·- ³±¼»´ ¬± ±«® ¬¸®»» ®»³¿·²·²¹ ½«®®·½«´«³ ¿®»¿-ô ¸·®·²¹ ½±ó±®¼·²¿¬±®- º±® Ø»¿´¬¸ ú É»´´¾»·²¹å ײ¼»°»²¼»²¬ Ô·ª·²¹ ͵·´´-å ¿²¼ Ý®»¿¬·ª» ú л®º±®³·²¹ ß®¬-ò ß´±²¹-·¼» ¬¸»-» ®±´»- ©» ©·´´ ¸·®» ¿ ²»© »ª»²¬- ±ºº·½»® ¬± ³¿²¿¹» ±«® ²»© ½±³³«²·¬§ »ª»²¬°®±¹®¿³³» ¿²¼ -«°°±®¬ ±«® ±°»®¿¬·±²¿´ ¬»¿³ ·² °´¿²²·²¹ -¬«¼»²¬ ¬®·°- ¿²¼ ´»·-«®» °®±¹®¿³³»ò

ѽ¬±¾»® îðîí ©·´´ -»» зР´¿«²½¸ ±«® ²»© Ù·¹ Þ«¼¼·»-æ Ý»²¬®¿´ -½¸»³» °¿·®·²¹ ¿¼«´¬- ©·¬¸ ´»¿®²·²¹ ¼·-¿¾·´·¬·»- ©·¬¸ ª±´«²¬»»®- ©¸± -¸¿®» ¬¸» -¿³» ½«´¬«®¿´ ¬¿-¬»- -± ¬¸»§ ³¿§ ¿¬¬»²¼ ³¿·²-¬®»¿³ »ª»²¬- ¿- º®·»²¼-ò É» ¸¿ª» -»½«®»¼ ¿ ³·²·³«³ ±º î §»¿®- ±º º«²¼·²¹

ÐËÎÍË×ÒÙ ×ÒÜÛÐÛÒÜÛÒÌ ÐßÌØÍ

Í ÎÛÐÑÎÌ÷

FOR THE YEAR ENDED 31 MARCH 2023

º±® ¬¸·- -½¸»³» ¿²¼ ©·´´ ¾» ·¼»²¬·º§·²¹ зР-¬«¼»²¬- ¿²¼ ³»³¾»®- ±º ±«® ½±³³«²·¬§ ·² É»-¬ ú Ý»²¬®¿´ Ô±²¼±² ©¸± ©·-¸ ¬± ¶±·² ·² ¼«®·²¹ îðîíóîìò

ѽ¬±¾»® îðîí ©·´´ -»» ¬¸» ìð[¬¸] -»ª»®¿´ »ª»²¬- ±ª»® ¬¸» ½±³·²¹ ïî ³±²¬¸- ¬± ½»´»¾®¿¬» ¬¸·- ³·´»-¬±²» ©·¬¸ -¬«¼»²¬-ô º¿³·´·»- ¿²¼ ½±³³«²·¬§ °¿®¬²»®-ò

ß½®±-- îðîíóîì зР©·´´ ¾» ®»ª·»©·²¹ ±«® -±½·¿´ »²¬»®°®·-»ô Ú®«·¬º«´ô ¬± ¼»´·ª»® ¿² ±°¬·³«³ ±°»®¿¬·²¹ ³±¼»´ º±® ¾±¬¸ -¬«¼»²¬- ¿²¼ ̸·- ²»© ³±¼»´ ©·´´ ¿·³ ¬± ®»º´»½¬ °±-¬ó°¿²¼»³·½ ¸§¾®·¼ ©±®µ·²¹ °®¿½¬·½»- ©¸»®» ¾±±µ·²¹- ¾§ ±ºº·½»- ¿®» ´»-´·µ»´§ò ß´±²¹-·¼» ¬¸·-ô Ú®«·¬º«´ ¼»ª»´±°³»²¬ ©±®µ ©·´´ ¾»¹·² ±² ±«® -»½±²¼ -±½·¿´ »²¬»®°®·-» ©·¬¸ ¿² ¿³¾·¬·±² ¬± ´¿«²½¸ ·² Í°®·²¹ îðîìò

ß- зР¸¿- ¹®±©² ·² -¬«¼»²¬ ²«³¾»®- ¿²¼ ¾®»¿¼¬¸ ±º -»--·±²- ¼»´·ª»®»¼ô ±«® ¿³¾·¬·±² ¸¿- ¾»»² ¬± «°¼¿¬» ±«® ³±²·¬±®·²¹ -§-¬»³ò Ñ«® ½«®®»²¬ -§-¬»³ -¬·´´ »²¿¾´»- «- ¬± ¼·-½«-- °®±¹®»-- ©·¬¸ -¬«¼»²¬-ô º¿³·´·»- ¿²¼ ½¿®»®-ô ¿²¼ -±½·¿´ -»®ª·½»-ô ¿²¼ ¬± ¬¿·´±® ·²¼·ª·¼«¿´ °®±¹®¿³³»- ¬± ³»»¬ ¬¸»·® ²»»¼-ò ر©»ª»®ô ©» ¿®» µ»»² ¬± ¼± ³±®» ¬± ¾» ¿¾´» ¬± ¿®¬·½«´¿¬» ±«® ·³°¿½¬ ±² -¬«¼»²¬- ¿²¼ ±«® ½±³³«²·¬§ ·² ¿ ³±®» ¼»¬¿·´»¼ ³¿²²»® ¿²¼ ©±®µ ·- «²¼»® ©¿§ ¬± ¼»º·²» ©¸¿¬ ¬¸·- ©±«´¼ »²¬¿·´ò

ײ îðîìóîë ©» »¨°»½¬ º«²¼®¿·-·²¹ ®»ª»²«» ¬± ¾» -·¹²·º·½¿²¬´§ ¸·¹¸»® ¬¸¿² ·² îðîîóîíò ̸·- ·²½®»¿-» ·² ®»ª»²«»-ô ©» º±®»½¿-¬ô ©·´´ ®»¯«·®» ¿² ·²½®»¿-» ·² º«²¼®¿·-·²¹ ¬»¿³ -¬¿ºº ²«³¾»®-ò ׬ ·- »¨°»½¬»¼ ¬¸» -¬®«½¬«®» ±º ¬¸·- »¨°¿²¼»¼ º«²¼®¿·-·²¹ ¬»¿³ ©·´´ ¾» ½±²º·®³»¼ ¾§ Ü»½ îðîí ¬± ¾» ·² °´¿½» »¿®´§ ÚÇîðîìóîëò

ÎÛÍÛÎÊÛÍ ÐÑÔ×ÝÇ ßÒÜ ÙÑ×ÒÙ ÝÑÒÝÛÎÒ

̸» ¬®«-¬»»- ®»ª·»© зР®»-»®ª»- °±´·½§ ¿²²«¿´´§ô ¾¿´¿²½·²¹ ¬¸» ²»»¼ ¬± ¸±´¼ ¾¿½µ -«ºº·½·»²¬ ¹»²»®¿´ ®»-»®ª»- ¬± °®±¬»½¬ ·¬½¸¿®·¬¿¾´» ±¾¶»½¬·ª»- ©·¬¸ ¬¸» ±¾¶»½¬·ª» ±º ³¿¨·³·-·²¹ ¬¸» º«²¼·²¹ ¿ª¿·´¿¾´» º±® ¬¸±-» ¿½¬·ª·¬·»-ò

̸» ¬®«-¬»»- ¸¿ª» ¿¹®»»¼ ¬¸» °±´·½§ ¬¸¿¬ ¹»²»®¿´ ®»-»®ª»- -¸±«´¼ ½±³°®·-» ¬©± »´»³»²¬-æ

̸» ¹»²»®¿´ ®»-»®ª»- ®»¯«·®»³»²¬ º±® ¬¸» ½«®®»²¬ §»¿® ·- ¬¸»®»º±®» }ììèôëîî ·² ¬±¬¿´ øîðîïóîîæ }ìíêôêçï÷ò Ù»²»®¿´ «²®»-¬®·½¬»¼ ®»-»®ª»- ´»ª»´- ø»¨½´«¼·²¹ ¼»-·¹²¿¬»¼ º«²¼-÷ ¿®» }ìèîôíèî øîðîïóîîæ }ìðéôèîè÷ò ̸·- ·²¼·½¿¬»- ¿² ·²½®»¿-» ±º }ííôèêð øîðîïóîî }îèôèêî -¸±®¬º¿´´÷ ©¸·½¸ ·- ¿¾±ª» ¬¸» °±´·½§ ´»ª»´ ¿²¼ -¸±©- ¿² ·³°®±ª»³»²¬ º®±³ ¬¸» ´¿-¬ º·²¿²½·¿´ §»¿®ò

ÍÌßÌÛÓÛÒÌ ßÍ ÌÑ Ü×ÍÝÔÑÍËÎÛ ÌÑ ÌØÛ ßËÜ×ÌÑÎ

Û¿½¸ ¬®«-¬»» ¸¿- ½±²º·®³»¼ ¬¸¿¬ ·² -± º¿® ¿- ¬¸»§

Þ§ ±®¼»® ±º ¬¸» ¾±¿®¼ ±º ¬®«-¬»»-

Ö±¸² Ô»¿½¸ øݸ¿·®÷ Ü¿¬»æ

PURSUING INDEPENDENT PATHS STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2023 The trustees, who 3re a150 the director5 01 Pur5uin8 Independent Path5 lor the purpose of company law, are responsible for preparing the Tru5tees' Report and the financial statement5 In 3ccord3nce with applicable law United Kingdotn Accounting Standards (United Kingdotn Generally Accepted Accounting Practicel. Company L4w requires the trustees to prepare financial 5tstetnents for each financial year which give a true and lair view of the 5tète of affairs of the charity ènd of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial 5tstetDents, the trustees are required to.. select suitsble accounting policies and then apply thern congistentlyi observe the tnethod5 and principle5 In the Charitie5 SORP,. m3ke judgernents and estitnates that are reasonable and prudent,. and prep3re the financial st3tetnent5 Oll the going concern bas15 unles5 It 15 inappropriate to presutne th3t the charity will continue in operation. The trustee5 are responsible for keeping adequate accounting record5 that disclose with reèson3ble accuracy ot any time the fin4ncial p051tion of the charity 4nd enable them to ensure that the financial statement5 comply with the Comp4nie5 Jxct 2006. They are also responsible for ￿feguArdingthe assets of the ch3rity and hence for taking reasOn3ble step5 forthe prevention and detection of fraud and other irregularities.

PURSUING INDEPENDENT PATHS INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PURSUING INDEPENDENT PATHS Opinion WÈ have audltÈd the flnanclal statements of Pursulng Independent Paths (the 'charity'l for the year ended 31 March 2023 whlch comprise the statement of financial 8rtivlties, the balancÈ sheet, the statement of cash flows and the notes to the finèncial statÈments, including significant atcounting policies. The financial reporting framework that has been applied in thÈir preparation is applicable law and United Kingdom Atcounting Standards, including Financial Reporting Standard 102 The Finonciol Reporting Stortdord tspplicoble in the UKtsnd Republic of Irelond (United Kingdom GenerallyAccepted Accounting Pratticel. In our opinion, the finantial 5tatÈmÈnts'. give 8 true and fair view of the state of the charit8ble comp8ny's aff8irs 8$ at 31 March 2023 and of its Incoming resources ènd application of resources, including Its income ènd expenditure, for the year then ended,- have been properly prep4red in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in atcordance with the requirements of the Companies Att 2006. Basisfor opinion We conducted our 8udit in accordance with International Standards on Auditing IUKI IISAS IUKII ènd applicable law. Our responsibilities under those srandèrds are further described In the Auditor s responsibilitiesfor the tsudir of thefinonciol storements section of our report. We are Independent of the charity in 8ccord8nce with the ethical requirements that are relevant to our 8udit of the financial statements In the UK, Including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the 8udit evidence we h8ve obtèined is sufficient ènd 8ppropriate to provide basis for our opinion. Conclusions relatingto going concern In auditing the financial ststements, we have concluded that the trustees, use of the going concern basis of accounting In the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or condition5 that, individually or collectively, may cast Signifi￿nt doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial ststements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other Informatlon The other inforrnation cornpri5es the information included in the annu31 report other than the fin3ncial statement5 8nd our auditor'5 report thereon. The trustees are responsible for the other information contsined within the annual report. Our opinion on the financial ststements does not cover the other inform3tioD and, except to the extent otherwise explicitly stated in our report, we do not express any form of 4ssurance conclu510n thereon. Our responsibility is to read the other information and, in doing 50, consider whetherthe other inforrnation is materially incon515tent with the fin4ncial st3tements or our knowledge obtained in the course of the audit, or otherwise appear5 to be Materially mi55t3ted. If we identify such rnaterial inconsi5tencie5 or 3pparent rn4teri81 rnisstaternent5, we are required to determine whether this give5 rise to a material mi55tstement in the financi81 staternent5 thern5elves. If, based on the work we have performed, we conclude that there is a material mi55tstement of thi5 Other inforrnation, we are required to report that fact. We h3ve nothing to report in this regard. Opinions on other matters prescribed bythe Companies Act 2(￿16 In our opinion, b8sÉd on the work undertaken in the toursè of our audit.. the information given in the trustees, report, which includes the directors, report prepared for the purposes of company18W, forthe financial year for which the financial ststements are prepared is consistent with the financial statement5', and the director5, report included within the tru5tees' report ha5 been prepared in accordance with applicable leg31 requirernents. Matter5 on which we are required to report by exception In the light of the knowledge and understanding of the charitv and its environment obtained In the course of the audit, we have not identified m3teri81 misstatements in the directors. report included within the truttees, report.

PURSUING INDEPENDENT PATHS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF PURSUING INDEPENDENT PATHS We h4ve nothing to report in respect of the following rn4tter5 in relation to which the Companies Act 2006 requires u5 to report to you if, in our opinion.. adequate accounting records h3ve not been kept. or returns adequate for our audit have not been recelved from branches not visited by us,. or the financial statements are not in agreement with the accounting records and returns,. or certain di5c105ures of trustee5' remuneration specified by law are not made,. or we h8ve not received all the information and exp18nations we require for our 8udit,' or the trustee5 were not entitled to prepare the financial staterneDts in accordance with the srnall companies regime and take advantage ol the small cornp4nie5' exernptions in prep4rin8 the trustees, report and from the requirement to prepare a strategic report. Responsibilities of trustees As Èxplained morè fully in thè statèment of trusteès, responsibilitiès, thÈ trustèÈs, who arè also thÈ direttors of the charity for the purposÈ of tompany law, arè responsible for thÈ prèparation of thÈ finantial statements and for being satisfiÈd that they givè a true and fair VIÈW. and for such internal control as thÈ trustÈes determinè is necÈssary to ènablè the preparation of financiÈl statèments that Ère free from material mi5StatemÈnt, whether due to fraud or error. In p￿parIng the finantial statements, the trusteÈs are rÈsponsible for assessing the charity's ability to tontinuÉ as a going tontern, distlosing, as applicable, mattÈrs related to going concèrn and using thÈ going toncern basis of actounting unless thÈ trustees either intend to liquidatè the charitablè company or to cease operations, or have no realistic alternative but to do so. Audiior's responsibilities forthe audii of the finan¢ial statements Our objectives 8re to obtain reasonable assurance about whether the financial statements 85 a whole are free from m8teri81 missratement, whether due to fraud Dr error. and to issue an èuditor's reporr that Includes our opinion. Reasonable assurance is high level of assurance but is not a guar8ntee that an audit conducted in 8ccordènce with ISAS IUKI will always detect a materi81 misstatement when It exists. Misstatements can arise from fraud or error and are considered material If, individually or In the aggregate, they could reasonably be expected to Influence the economic decisions of users taken on the basis of these financi31 statements. Irregularities, including fraud. are Instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect m3teri81 misstatements in respect of irregularities. including frèud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. As part of our planning process-. We enquired of management the systems and controls the charity h8s in p13ce, the areas of the financial statements that are most susceptible to the risk of irregularities and fraud, and whether there was any known, suspected or alleged fraud. The charity did not inform us of 8ny known, suspected or alleged fraud. We obtained an understanding of the legal 8nd regulatory frameworks èpplicable to the chèrity. We determined that the following were most relevant.. the Charity SORP, FRS 102, Charities Act 2011, Companies Act 2006. We considered the incentives and opportunities th8t exist In the charity, Including the extent of management bia5, which present a potential for irregularities 8nd fraud to be perpetuèted, and rèilored our risk assessment èccordingly. Using our knowledge of the charity, together with the discussions held with the charity at the planning st8ge, we formed conclusion on the risk of misstatement due to irregul8rities including fr8ud and tailored our procedures according to this risk assessment.

PURSUING INDEPENDENT PATHS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF PURSUING INDEPENDENT PATHS The key procedures we undertook to detect irregularities including fraud during the course of the audit included.. Identifying and testing journal entries and the overall accounting records, in p3rticu13r those that were significant and Unusual. Reviewing the financial statement disc105ure5 and determining whether accounting policies have been 4ppropriatelv applied. Reviewing 3nd challenging the assumption5 3nd judgements used by rn3nagement, and the conclusion that there are no significant accounting e5tirn8te5. Assessing the extent of compliance, or lack ol, with the relev4nt law5 and regul3tions. Testing key incorne line5, in particular cut-off, for evidence of man3gement bi35. Assessing the validity of the classification ol incorne, expenditure, a55etS 3nd liabilities between unrestricted, designated restricted funds. Performing a physical verification of key 355et5. Obtsining third-party confirmation of tnaterial bank balances. Docutnenting and verifying all significènt related party balances and transactions. Reviewing documentstlon such a5 the charity board tninute5 3nd correspondence with 501icitor5, for di5CU5510n5 of Owing to the inherent limitations of 3n audit, there is an un3void3ble risk that we may not have detected 50rne rnateri31 misstaternent5 in the lin3nci41 statements even though we have properly planned and performed our audit in accordance with auditing standard5. The primary responsibility for the prevention and detection of irregularitie5 and fraud rests with the trustees of the charity. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.Ilwww.frc.or8.uV auditorsrespon5ibilities. This description forms part of our auditor'5 report. Use of our report This rÈport is made solely to thè charitablÈ company's members, as a bodyi in actordancè with Chaptèr 3 of Part 16 of thÈ Companies Act 2006. Our audit work has bÈen undÉrtakn so that WÈ might statÈ to the tharitable company's mÈmbers those mattÈrs we are rÈquirÉd to statÈ to thÈm in an auditor's report and for no other purposÈ. To thÈ fullest extent permitted by law. WÈ do not accept or assume responsibility to anyone other than thÉ tharitsble tompany Énd the tharitablÈ tompany's members as a bodyi for our audit work, for this report, or for the opinions we have formed. Aa.-_ 52. Andrew Rich Isenior Ststutory Auditor) lor and on behaw of HW Fisher LLP Chartered Accountants Statutory Auditor Acre House 11-15 William Ro3d London NWI 3ER United Kingdom 21 S&p.2023

PURSUING INDEPENDENT PATHS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Current flnanclal year Unrestricted Unrestrirted funds Designated funds designated 2023 Restrirted funds Total Totsl general 2023 2023 2023 2022 Notes Incomefrorn.. Donatlons and legacies Income from charitable activities Investments 114,895 982,256 3,077 252.823 367,718 982,256 3,077 582,562 872,966 798 Total incorne 1,100,228 252,823 1,353,DS1 1,456,326 Ex enditure on.. Raising fund5 89,557 89,557 81,180 934,116 125,800 190,995 1,250,911 1.119,009 Other expenditure li 14,150 Total re50urce5 expended 1,023,673 125,800 190,995 1,340,468 1,214,339 Net Incomlng resources before transfers 76,555 1125,8001 61,828 12,583 241,987 Gross transfÈrs between funds 17 12,0011 39,240 137.2391 Nei income fortheyearl Net movement in funds 74,554 186,5601 24.589 12,583 241,987 Fund balances at l April 2022 407,828 461,435 111.864 981,127 739,140 Fund balances Ht 31 Marth 2023 482,382 374,875 136,453 993,710 981,127 The statement of financial activities includÈs all gains and losses rÈcognised in the year. All incorne and expenditure derive frorn continuing 4ctivities. The staternent of financi31 activities a150 complies with the requirements for an incorne £nd expenditure account under the Companies Act 2006. 10-

PURSUING INDEPENDENT PATHS STATEMENT OF FINANCIAL ACTIVITIES ICONTINUEDI INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Prlorllnancial year Unrestrirted Unrestricted funds lunds general designated 2022 2022 Restricted funds Total 2022 2022 Notes Incomefrorn.. Donatlons and legacies Income from charitable activities Inve5ttnents 112,402 872,966 798 470,160 582,562 872,966 798 Total income 986,166 470,160 1,456,326 enditure on.. Rai5ingfunds 81,180 81,180 449,472 14,150 669,537 1.119,009 14,150 Other expenditure li Total resources expended 544,802 669,537 1,214,339 Nei in¢omin8 resour￿$ before transFers 441,364 1199,3771 241,987 Gross tran5fer5 between funds 1461,4351 461,435 Net income forthe yearl Nel rnovernent in funds 120,0711 461,435 1199,3771 241,987 Fund balances at l April 2021 427,899 311,241 739,140 Fund balances at 31 March 2022 407,828 461,435 111,864 981,127 The staternent ol financial activities includes all gains and1055es recognised in the ye4r. All income and expenditure derive from continuing activities. The ttatement of finènci81 actlvities 81so complies with the requlrements for 8n Income 8nd expendlture èccount under the Companies Act 2006.

PURSUING INDEPENDENT PATHS BALANCE SHEET AS AT31 MARCH 2023 2023 2022 as restated Notes Flxed assets Tangible assets 374,875 461,435 Current assets Debtor5 Cash 8t bank and in hand 131,682 882.419 113,589 842,535 1,014,101 1192.7921 956,124 1235,1141 Creditors: amountsfalling due within one year 14 Net current assets 821,3C 721,010 Total assws le$$ CUr￿￿t liabilities 1,196,184 1,182.445 Provision5 for liabilitie5 Provisions 15 202,474 201,318 1202,4741 1201,3181 Net assets 993,710 981,127 Income funds Restricted funds Unrestrirted funds- design8ted Unrestricted funds- general 16 136,453 374,875 482,382 111,864 461,435 407,828 17 993,710 981,127 21 Sep 2023 The financial statements were approved by the Trustee5 on....... J Leach Trustee Company Registration No. 04107226 Charity Registrdtion No. 1088592 12-

PURSUING INDEPENDENT PATHS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Notes Cash flowsfrorn operating artivities Cash gener8ted from oper8tions 21 76.047 446.375 Investing attivities Purchase of tangible fixed assets Inve5tTnent income received 139,2401 3,077 1462,6851 798 Net cash used in investing activities 136,1631 1461,8871 Net cash used in financing activities Net Increaselldecreasel In (ash and cash equlvalents 39,884 115,5121 Cash and cash eouivalents at beginning of year 842,535 858,047 Cash and rash equivalents at end ol year 882,419 842,535 13-

PURSUING INDEPENDENT PATHS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policie5 Charity information Pursuing Independent Path5 15 3 private cotnpany limited by guarantee incorporated in England and Wale5. The registered office 15 306 Kensal Road, London, WIO 5BE, United Kingdom. 1.1 Accounting convention The finantial statements have been prepared in accordance with the charity's Memorandum and Artitles of ￿90¢lation, the Companies Act 2006 and"Accounting and Reporting by Charities". Statement of Recommended Prattice applicable to charities preparing their accounts in attordancè with the Financial Reporting Standard applitablÉ in thÈ UK and Republic of IrÈland IFRS 1021 leffertive l January 20191 The tharity is 3 Public Benefit Entity as defined by FRS 102. The financial 5t4tetTrents are prepared in sterlingi which is the functional currency of the charity. Monetary amount5 In these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal 4ccounting policies adopted are set out below. 1.2 Going con￿r￿ At the time of 3pproving the fin3ncial staternents, the trustees have a reasonable expectstion that the chBrity ha5 adequate resources to continue in oper3tional existence for the foreseeable future. Thus the trustee5 continue to adopt the going concern basi5 of accounting in preparing the financi31 statement5. 1.3 Charitablefunds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restritted funds are subject to specific ¢ondition5 by donor5 a5 to how they may be used. The purposes and uses of the restrirted funds are set out in the notes to the financial ststements. Designèted funds are subject to speciflc conditions for use. as set by the trustees. 1.4 Incoming resour£e5 Intome is recognised when thÈ tharity is lÈgally Èntitled to it aftÈr any performante conditions have been met, the amounts can be measured reliably, and it is probable that income will be recÈived. C8sh donations are recognised on receipt. other donations are recognised once the chèrity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable In relation to donations received under Gift Aid Is recognised at the time of the donation. 14-

PURSUING INDEPENDENT PATHS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Icontinuedl 1.5 Resources expended Liabilities are recognised as expenditure once there is a legal or constructive obligation committing the charity to that expenditure, it Is probable that settlement will be reqLJired and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. Direct charitable expenditure comprises all the expenditure relating to the activities carried out to achieve the charitsble objective. Support costs represent costs that cannot be directly attributed to activrtie5. Governance costs include the costs of statutory audit and other cost5 related to the governance of the charity. Support and governance costs have been allocated to the single charitable activity'supporting Adults with Learning 1.6 Tangible fixed as5et$ T8ngible fixed assets are initially measured at cost and subsequently measured at Cost, net of depreci8tion and any Imp8irment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases.. LeÈsÈhold improvements Furniture 8nd equipment Straight line ovÈr rÉmainin£ pèriod of the lèase str8ight line over 3 years Expenditure forfurniture and equiprnent which exceeds £500 is capitslised. The g4in or1055 8ri5ing on the disposal of an 355et is determined as the difference between the Sale proceeds and the carrying value of the 45set, 4nd is recogni5ed in net income/lexpenditurel for the year. 1.7 Finantial instruments The charity has elected to apply the provision5 of Section 11 TheseFinancial Instruments, and Section 12 '0ther Financial Instrument5 Issues, of FRS 102 to all of it5 financial instruments. The Charity only ha5 financial assets and financial liabilities of a kind that qualify as basic financial instruments. These financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 1.8 Provlslons Provisions, being liabilities of uncertain tiyning and 3mourrt, are recognised when the charity has a legal or constructive present obligatlon 35 a result ol a past event, it is probable th3t the charity will be required to settle that obligation and reliable estimate can be made of the amount ol the obligation. 1.9 Employee benefits The cost of any unused holidly entitlement is recognised in the period in which the employee'5 service5 are received. Tertnination benefits are ￿cognised irnmediately as an expense when the ch3rity 15 demonstrably cornmitted to terrninate the ernployment of on etnployee orto provide termin3tion benefit5. Critical accounting estimates and judgements Trustees do not believe there to be any critical estimates orjudgements in the financial statements. 15-

PURSUING INDEPENDENT PATHS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Donation5 and legac4es Unrestrided fund5 general Restricted funds Total Unrestricted fund5 gener81 Restricted fund5 Totsl 2023 2023 2023 2022 2022 2022 Donations and Eift5 114,895 252,823 367,718 112,402 470,160 582,562 Income from charitable activities 5upportlng Adults with learning difficulties 2023 Supportlng Adults with learning difficulties 2022 Special projects Local authority personal budgets 24,565 957,691 29,893 843,073 982,256 872,966 Investments Unre￿rItted funds general 2023 Unresrrirted funds gener31 2022 Interest receivable 3,077 798 Raising funds Unre51Tirted Unrestricted funds funds general gener41 2023 2022 Costs of eneratin volunta other fundr8ising costs Staff costs income 24,237 65,320 22,439 58,741 Costs of generating voluntsry income 89,557 81,180 16-

PURSUING INDEPENDENT PATHS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charitable artivities Ongoing Service services development 2023 2023 Total 2023 Ongoing Service services development 2022 2022 Total 2022 Staff tosts Depreciation and impairment 522,556 110,704 164,372 23,814 64,691 72,577 5,032 7,472 3,656 595,133 115,736 171,844 27,470 64,691 23,400 13,078 40,736 15,711 12,864 13,567 2,591 7,663 3,073 2,462 3,772 469,923 14,768 218,063 6,594 33,163 81,287 961 11,452 916 551,210 15,729 229,515 7,510 33,163 20,600 9,821 55,973 14,228 9,698 21,347 7,704 7,331 1,853 2,725 4,095 Recruitmenr & Tr8ining Activities & Events Business Development stsffing Tr8vel Repairs & renew31s Cleaning Mobile & Telephone Computer Expènsès Office Equipment Insurance BOo￿. stationary & postage Equipment Lease Sundry Expenses 23,400 560 29,483 20,600 412 46,926 619 12,518 11,253 15,028 12,305 12,977 2.478 7,663 2,939 2,355 3,610 9,047 13,609 9,276 16,932 6,223 6,513 1,773 2,607 3,918 559 590 422 4,415 1,481 818 80 113 134 107 118 162 177 969,263 144,528 1,113,791 821,818 170,684 992,502 Share of 5UPPOrt COSts15ee note 81 Share of governance costs (see note 81 95,138 95,138 100,223 100,223 41,982 41,982 26,284 26,284 1,106,383 144,528 1,250,911 948,325 170,684 1.119,009 Analysis byfund Unrestricted funds general Unrestricted funds designated Restricted funds 823,592 120,768 162,023 110,524 5,032 28,972 934,116 125,800 190,995 360,075 89,397 449,472 588,250 81,287 669,537 1.106,383 144,528 1,250,911 948,325 170,684 1,119,009 17-

PURSUING INDEPENDENT PATHS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support C0515 Support costs Govemance 2023 Support costs Governance 2022 tosts costs Staff costs Depreciation 50,805 10,064 14,943 2,315 1,121 1,023 1,366 697 7,140 5,664 14,515 65,320 10,064 14.943 2,977 1,121 1.023 1,366 697 7,140 5,929 45,688 1,923 19,824 641 825 822 13,053 58,741 1,923 19,824 824 825 822 Recruitment & training Travel Repairs & renew81s Centre expenses Insurance Legal and professional Other 662 183 1,237 1,237 12,501 15,919 12,501 15,919 265 Audit fees Attountancy 20,456 6,084 20,456 6.084 13,048 13,048 95,138 41,982 137,120 100,223 26,284 126,507 Analysed between 95,138 41,982 137,120 100,223 26,284 126,507 Governance costs include payments to the auditors of £20,45612021". £13,048> for audlt fees. accountancy fees include £6,084 12021.. nil) In relation to other sÈrvices providÈd by the auditors. Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity In the current or prior year. No trustees were reimbursed any expenses during the current or prior year. 18-

PURSUING INDEPENDENT PATHS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 io Employees Number of employees The aver3ge tnonthly number of etnployees during the year was.. 2023 2022 Number Number supporting people with learning difficulties 29 26 Employment costs 2023 2022 Wage5 and salarie5 Social security Costs Other pension costs 668,169 41,750 15,854 612,620 39,905 16,167 725,773 668,692 Remuneration paid to key management personnel in the year totalled £188,33212022.. £223,427). The number of employees whose ènnuèl emoluments £60,OCKI or more were.. 2023 2022 Number Number £70,000- £79,999 li Other expenditure Total Unrestricted funds 2023 2022 Loss on dlsposal of tanglble fixed assets 14,150 19-

PURSUING INDEPENDENT PATHS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 Trngible fixed a55et5 Le?5ehold Fuwnf(ure ahd improvements t4uipment Totsi At l April 2022 Additions 396,079 37,239 83,367 2,001 479,446 39,240 At 31 March 2023 433,318 85,368 518,686 Oepreclatlon and Impalrment At l April 2022 Depreciation charged in the year 7,766 97,955 10,245 27,845 18,011 125,800 At 31 March 2023 105,721 38,090 143,811 Carrying amount At 31 March 2023 327,597 47,278 374,875 At 31 March 2022 388,313 73,122 461,435 13 Debtors 2023 2022 Amount5 falling due within one year.. Other debtors Prepayments and atcruÈd intomè 84,671 47,011 90,370 23,219 131,682 113,589 Within Other Debtors are amounts due after more than one year of £78,37512022.. £78,3751. 14 Creditor5= amovntsfalling due within one year 2023 2022 a5 restated Other creditors Atcruals ènd dÈferred income 26,452 166,340 27,021 208,093 192,792 235,114 -20-

PURSUING INDEPENDENT PATHS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Is Provisions for liabilities 2023 2022 as restated Le8se of old premises no longer required 202,474 201,318 Movements on provisions.. Lease of old premises no longer required At l April 2022 Additional provisions in the year 201,318 1,156 At 31 March 2023 202,474 The comparative figures for the creditors due within one year have been re-stated, to recl8ssify a provision for the remaining costs of 8 lease which is no longer required, previously shown In accruals, to provision for liabilities. The provision comprises the outstanding rental costs, up to the end of the lease, and remedial works to the property to bring the building back in line with the commencement of the le85e. 21

cn cn o Ln ¢ oooththoo O O O tyJ o o ¢0 0 ooothoo O O O Ln o in O IO O h O O p4 mOtQOQOO Lno Ln omothoo o ui i O ¢ O Ln VTr Ln IO p4

PURSUING INDEPENDENT PATHS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 17 Designated funds The income fund5 of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specrfic purposes.. Balance at l April ZOZI Translers Balan￿ at l April ZOZZ ResouKes expended Transfers Balance at 31 March 2023 Fixed asset fund 461,435 461,435 1125,8001 39.240 374,875 461,435 461,435 1125,8001 39,240 374,875 The chÈrity made the decision in the prior year to ¢￿ate a designated fund which represents the net bookvalue of fixed assets at thÈ yÈar Ènd. -24-

VOM r4 0 p4 0 m (O r4

PURSUING INDEPENDENT PATHS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 19 Operating lease commitments At the reporting end date thÈ charity had outstanding commitmÈnts for future mlnimum lease payments under non- cèncellable operating lÈases, which fall due as follows-. 2023 2022 Within one year Between two and five years 164,670 306,670 165,006 478,674 471,340 643,680 20 Related partytransactions There were no related party transactions during the year12022.' none). 21 Cash generated from operations 2023 2022 Surplus for the year 12.583 241,987 Adjustments for". Investment income recognised in statement of financial activities IGainll1055 on di5POsal of tangible fixed a55ets Depreciation and impairment of tangible fixed assets 13,0771 17981 14,150 17,652 125,800 Movements in working capital.. Ilncreasel/decrease in debtors IDecreasel/increa5e in creditor5 Increase in provlsions 118,0931 142,3221 L,156 8,064 114,431 50,889 Cash genÈrated from 0￿ratIONS 76,047 446,375 22 Analy515 of changes in net fund5 The charity h8d no debt during the year. -26-