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2023-03-31-accounts

Page
Report ofthe Trustees 1 to 8
Report ofthe Independent
Auditors		 9 to 12
Statement of Financial Activities 13
Balance Sheet 14
Cash Flow Statement 15
Notes to the Cash Flow Statement 16
Notes to the Financial Statements 17 to 29

31.3.23 31.3.22
Unrestncted Restncted Total Tota I
fund funds funds funds
Notes E E E E
INCOME AND ENDOWMENTS FROM
Charitable
activities
Counol
and Community		 742,961 154,500 897,461 1,187,119
Money Advice Service 218,124 218,124 258,773
Pension Wise 105,110 105,110 108,968
Legal Aid activities 370,050 370,050 264,385
Investment
income		 4 533 4 533 608
Total 1,117,544 477,734 1,595,278 1,819,853
EXPENDITURE ON
Charitable
activities
Council
and Community		 761,429 154,867 916,296 1,113,889
Money Advice Service 218,205 218,205 255,788
Pension Wise 105,292 105,292 108,932
Legal Aid activities 366,781 366,781 286,887
Total 1,128,210 478,364 1,606,574 1,765,496
NET INCOME/(EXPENDITURE) (10,666) (630) (11,296) 54,357
Transfers between
funds		 15 (630) 630
Other recognised
gains/(losses)
Actuarial
gains on defined		 benefit schemes 235,000 233000 209,000
Net movement
in funds		 223,704 223,704 263,357
RECONCILIATION
OF FUNDS
Total funds brought
forward		 679,500 679,500 416,143
TOTAL FUNDS CARRIED FORWARD 303
0		 303 03 0 3 300
Balance Sheet
31March 2023
31.3.23 31.3.22
Notes f f
FIXED ASSETS
Tangible assets 10 30,326 41,161
CURRENT ASSETS
Debtors 408,737 558,359
Cash at bank 615,286 451,800
1,024,023 1,010,159
CREDITORS
Amounts
falling due within one year		 12 (151,145) (136,820)
NET CURRENT ASSETS 872,878 873,339
TOTAL ASSETS LESSCURRENT LIABIUTIES 903,204 914,500
PENSION
LIABILITY		 16 (235,000)
NET ASSETS 903209 679 500
FUNDS 15
Unrestricted
funds		 903209 679 500
TOTAL FUNDS 903 09 6 950
Cash Flow St
for the Year Ended		 atement
31March 2023
31.3.23 31.3.22
Notes E f
Cash flows from operating activities
Cash generated
from operations		 158,953 80,308
Net cash provided by operating
activities		 ~158953 80,308
Cash flows from
Interest received		 investing activities ~4533 608
Net cash provided by investing
activities		 4,533 608
Change
in cash and cash equivalents		 in the
reporting
period		 163,486 80,916
Cash and cash equivalents at the beginning
ofthe reporting period ~451800 370,884
Cash and cash equivalents at the end ofthe
reporting
period		 ~615286 ~451800

RECONCILIATION RECONCILIATION OF NET (EXPENDITURE)/INCOME NET (EXPENDITURE)/INCOME NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.3.23 31.3.22
6 6
Net (expenditure)/income for the reporting period (as per the
Statement
of		 Financial Activities) (11,296) 54,357
Adjustments for:
Depreoation charges 10,834 10,905
Interest received (4,533) (608)
Decrease/(increase) in debtors 149,622 (18,436)
Increase
in creditors
Net cash provided
by operations		 14,326
~158953		 34,090
~80 308
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.22 Cash flow At 31.3.23
E 6 6
Net cash
Cash at bank 451,800 163,486 615,286
~451800 ~163486 ~615286
Total ~451800 ~163486 ~615286

31.3.23 31.3.22
6 6
Deposit account interest ~4533 608
INCOME FROM CHARITABLE ACTIVITIES
31.3.23 31.3.22
Activity 6 6
Grants Council and Community 5,589
project income Council and Community 865,631 1,168,424
Miscellaneous income Council and Community 31,830 13,106
project income Money Advice Service 218,124 258,773
project income Pension Wise 105,110 108,968
project income Legal Aid activities 3 00 0
590
5		 253 35
09
5

Grants received,
includ		 ed in t he above, are as follows:
31.3.23 31.3.22
E 6
I-IMRC —Job retention scheme ~5589
CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 5) Totals
E E 6
Council and Community 906,963 9,333 916,296
Money Advice Service 218,205 218,205
Pension Wise 105,292 105,292
Legal Aid activities 366,781 366,781
1 397241 9 333 1606 374
SUPPORT COSTS
Governance
costs
6
Council
and Community		 ~9333
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.23 31.3.22
E f
Auditors'
remuneration		 9,226 8,240
Depreciation
—owned		 assets ~10 835 ~10 905
TRUSTEES' REMUNERATION AND BENEFITS

STAFF COSTS
31.3.23f 31.3.22
f
Wages and salaries 1,009,525 1,208,810
Other pension costs 76,785
1036 31'		 92,592
1301012
The average monthly number ofemployees during the year was as follows:
31.3.23 31.3.22
Service staff 36 45
Administrative staff 6 6
Management 4 4
Volunteers 26 29
72 84

COMPARATIVES FOR THE STA TEMENT OF FINANCIAL AC TIVITIES
Unrestricted Restricted Tota
I
fund funds funds
f f f
INCOME AND ENDOWMENTS FROM
Charitable
activities
Council and Community 839,896 347,223 1,187,119
Money Advice Service 258,773 258,773
Pension Wise 108,968 108,968
Legal Aid activities 264,385 264,385
Investment
income		 608 608
Total 1,104,889 714,964 1,819,853
EXPENDITURE ON
Charitable
activities
Council and Community 742,896 370,993 1,113,889
Money Advice Service 255,788 255,788
Pension Wise 108,932 108,932
Legal Aid activities 286,887 286,887

Unrestricted Restricted Tota
I
fund funds funds
f f f
1,029,783 735,713 1,765,496
NET INCOME/(EXPENDITURE) 75,106 (20,749) 54,357
Transfers between funds (19,574) 19,574
Other recognised gains/(losses)
Actuarial
gains on		 defined benefit schemes 209,000 209,000
Net movement
in		 funds 264,532 (1,175) 263,357
RECONCILIATION OF FUNDS
Total funds brought forward 414,968 1,175 416,143
TOTAL FUNDS CARRIED FORWARD 9 9500 9 5 0
TANGIBLE FIXEDASSETS
Improvements Fixtures
to and Computer
propertyf fittings
f		 equipmentf Totals
f
COST
At 1April 2022 276,474 79,448 141,034 496,956
Disposals (56,162) ~112,945) (169,107)
At 31March 2023 276,474 23,286 28,089 327,849
DEPRECIATION
At 1April 2022 235,313 79,448 141,034 455,795
Charge for year
Eliminated
on disposal		 10,835 ~56,162) ~112,945) 10,835
~169,107)
At 31Marrh 2023 246,148 23,286 28,089 297,523
NET BOOK VALUE
At 31March 2023		 ~30326 ~30326
At 31March 2022 ~41 161 ~41 161

31.3.23f 31.3.22
6
Trade debtors 55,778 23,852
Legal Aid Agency 45,480 41,161
Other debtors 282,165 451,074
Prepayments 25,314 42,272
~408 737 ~558 359
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
E E
Trade creditors 8,399 20,130
Social security and other taxes 18,671 20,880
VAT 17,191 10,649
Pension control account 802 901
Accruals and deferred income 106,082 84,260
~151145 ~136820
LEASING AGREEMENTS
Minimum
lease payments		 under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
f E
Within one year 103,479 103,479
Between one and fwe years 240,186 291,664
In more than five years 104,000 156,000
~447 665 ~551143
ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.23 31.3.22
Unrestricted Restricted Tota I Tota
I
fund funds funds funds
E E E E
Fixed assets 30,326 30,326 41,161
Current assets 1,024,023 1,024,023 1,010,159
Current
liabilities
Pension
liability		 (151,145) (151,145) (136,820)
~23,0

MOVEMENT I NFUNDS
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
f f f f
Unrestricted
funds
Genera
I		 679,500 224,334 (630) 903,204
Restricted funds
Money Advice Service (81) 81
Pension Wise (182) 182
EU Settlement Council (272) 272
Hong Kong
Yorkshire
Building Society
TOTAL FUNDS		 ~679500 ~139)
~630)
~223704		 (44)
139
630		 ~903 204
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resourcesf expended
f		 lossesf in funds
f
Unrestricted
funds
Genera
I		 1,117,544 (1,128,210) 235,000 224,334
Restricted funds
Money Advice Service 218,124 (218,205) (81)
Pension Wise 105,110 (105,292) (182)
EU Settlement Council 84,500 (84,772) (272)
Hong Kong 43,000 (42,956)
Yorkshire
Building Society
TOTAL FUNDS 1596 278 ~1606574 235 000 223 704

Net Transfers
movement between At
At 1.4.21f in funds
f		 fundsf 31.3.22
f
Unrestricted
funds
General 414,968 284,106 (19,574) 679,500
Restricted funds
Money Adwce Service 2,985 (2,985)
Pension Wise 36 (36)
Universal
Credit		 —Help to Claim 4 (4)
Debt Locum 1,175 2,854 (4,029)
EU Settlement
Pathways
RAP		 Council ~1175 (63)
~26,565)
~20 749)		 63
26,565
~19574
TOTAL FUNDS ~416143 ~263357 ~679 500
Comparative
net		 movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources
f		 expended
f		 losses
f		 in funds
f
Unrestricted
funds
General 1,104,889 (1,029,783) 209,000 284, 106
Restricted funds
Money Advice Service 258,773 (255,788) 2,985
Pension Wise 108,968 (108,932) 36
Universal
Credit		 —Help to Claim 151,796 (151,792) 4
Debt Locum 30,007 (27,153) 2,854
EU Settlement Council 150,283 (150,346) (63)
Pathways
RAP
TOTAL FUNDS 1819853 ~3765496 209000 263357

Net Transfers
movement between At
At 1.4.21f in funds
f		 fundsf 31.3.23
f
Unrestricted
funds
General 414,968 508,440 (20,204) 903,204
Restricted funds
Money Adwce Service 2,904 (2,904)
Pension Wise (146) 146
Universal
Credit		 —Help to Claim 4 (4)
Debt Locum 1,175 2,854 (4,029)
EU Settlement Council (335) 335
Pathways
RAP		 (26,565) 26,565
Hong Kong
Yorkshire
Building Society
TOTAL FUNDS		 1,175
~416143		 ~139)
~21,379)
~487061		 (44)
139
20,204		 ~903204
A current year 12 months and prior year 12months combined
net movement		 in funds, included in the above are as follows
Incoming Resources Gains and Movement
resources expended losses in funds
f f f f
Unrestricted
funds
General 2,222,433 (2,157,993) 444,000 508,440
Restricted funds
Money Adwce Service 476,897 (473,993) 2,904
Pension Wise 214,078 (214,224) (146)
Universal
Credit		 —Help to Claim 151,796 (151,792) 4
Debt Locum 30,007 (27,153) 2,854
EU Settlement Council 234,783 (235,118) (335)
Pathways
RAP
I-long Kong
Yorkshire
Building Society		 15,137
43,000
» INNI
1192698		 (41,702)
(42,956)
~22240777		 (26,565)
~397
~22 3797
TOTAL FUNDS 3
3
3		 t3,3»,0
Ol		 000 8
06

31March 2023 31March 2022
(%) (%)
Discount rate 4.70 2.70
Inflation —CPI 2,70 2.90
Pension increases 2.70 2.90
Pension accounts revaluation rate 2.70 2.90
Rate of general increase in salaries 3.95 4.15
A~
31March 2023 31March
2022
Q%) Q%)
Equities 80.8 79.8
Property 3.3 4.0
Government bonds 6.9 7.4
Corporate
bonds		 4.6 4.8
Cash 2.3 2.9
Other 2.1 1.1
Average
Return / Total		 100.0 100.0
Reconciliation offunded status to Balance Sheet
Value as at Value as at
31March 2023 31March 2022
E 's E
's
Fair value of assets 1,129 1,127
Present value of funded liabilities (989) (1,362)
Pension asset/(liability) 140 (235)
Unrecognised asset due to uncertainty of recovery (140)
Net pension asset/(liability) 0 (235)
Anal
sis of		 refit and loss cha e

Current service cost Current service cost
Past service cost
Interest cost
Expected return on assets
Curtailment
cost
Settlement
cost
Expense recognised

Chan
es to t		 he
resent value of liabiliti		 es
durln
the accountln
cried
Penod ending
31March 2023
6 's
Opening
present value of liabilities		 1,362
Current service cost 21
Interest cost 37
Contributions by participants 3
Actuanal
(gains) / losses on liabilities		 (411)
Net benefits paid out (23)
Past service cost 0
Net increase in liabilities from disposals and acquisitions
Curtailments
Settlements
Closing present value of liabilities

Chan
es to the fair value ofassets durin		 the accountin eriod ~dd
31March 2023
6 's
Opening
fair value of assets		 1,127
Interest
iircorne un assets		 30
Actuarial gains/(lasses)
on assets		 (14)
Contributions
by the employer		 6
Contributions
by participants		 3
Net benefits
paid out		 (23)
Net increase
in assets from disposals		 and acquisitions
Settlements
Closing fair value ofassets 1,129