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

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## _**FOR THE YEAR ENDED 31 MARCH 2023**_ 

## îðîíò 

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## **ÑÞÖÛÝÌ×ÊÛÍ ßÒÜ ßÝÌ×Ê×Ì×ÛÍ** 

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_**FOR THE YEAR ENDED 31 MARCH 2023**_ 

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## **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 

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_**FOR THE YEAR ENDED 31 MARCH 2023**_ 

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̸» -«®°´«- 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 

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- 5 - 



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

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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-