##
||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|
##
##
##