li for tfie year ent( JlarcA 2023 Company Registtauon Number. 0418IKJ68 (England and Wales) Charity Number. 10911T7
Page Rderence and Adminitive Detaih of the Charity. its Tnree5 and Advisers Trustees Rert Independeni Examiner5 Report on the Financial Statrments Statement of Financi81 Activities 12-16 Notes to the Financial Statenwnts 17-24
Mrs E Ekpo Cbair of the Bwd Mrcmeh Mr A Ojeniyi Mr P ChJufya Mr Nason Bimbe Pri1 0 BMECP Centre loa Fleet Street Brighton East Sussex BNI 4ZE llldep¢ntsE7aml Fabek Asgixiates & Co Ltd Certified CharreTÈd Accountsnt8 32 Dewey Road Dagenham RMIO 8AR BAthtK Natwest Bank Brighton Town Centre Branch Unit 40 56 Churchill Square Brighton BNI 2ES (Ilty 1091127
JIPA The Trustees who are alg) Directors of the charity for the PurPS of the COMPleS Aci 21XIS. Present their rert with the financi statements of the thariry for the year ended 31 March 2023. The trustees have adopted the provisions of Accouniin8 and RepoTtin8 by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in aCCOTdance with the Financial Reportin8 Stsndard applicable in the UK atkd Republic of Ireland (FRS 102) {effective I lanvary 2019). As a not-for-profir 018anisation. the BMECP does not have shareholders to answer to. & the BMECP operations are noi funded by the 131 Investment Business (SIB) and Brighton and Hove Ciry Council. However. tbe BMECP is answernble, and the T are accountable to its membership. As per the Memorandum of Awciation. the obiett of BMECP 18 to promote any charitable purpose for the benefit of the public in Brighton and Hove and the surrounding area for Lhe benefit of Black and minority etlmic indi%rydua]s and their famili¢ BMECP bou8ht 3 shell properry and EK)rrowed t21K),(MJ) from SIB to irnprove the properry. When rooms are trked or offices are hired at the BMECP centre. the monies are reinvested back into the centre to pay for operational costs and the general nnitI8 of the centre. Our overall aim is to raise enough revenue tbrough irs ovrn business activities and project ndIng to make BMECP ssta1Tb and able to fund proiecLS, including training and events and to support to 8upport BME communiry. To promote equality of optK)rtunity for Black and Minoriry Ethnic individuals and their families and to challenge and combat racism and all form8 of dIrimination. To pport Black and Minority Ethnic Group5. individuals and families by providing them with infornti0n. advice. and other assistance. To devclop and nIntain contacts with the statutory, voluntary, and private sector organisations with the aim of encour4&ng them to implemeni w>licies that will prornoce equaliry of oppommity and 8LXMI relations Ieen people of differeni ethnic origins. To deliver any services that are wtthin the byope of the obj'ecrs of BMECP. To promote or carry ollt research and to dissellte the usefill rwlts of such research and 10 publish or distrlbute such infornli0lL
To establish, develop and maintain a regjurce centre cat]ng particularly for, but not solely. the needs of black and etFfftic peoples, Antludillg refugees and asylum seekers. who are residenrs in Brigh(on and Hove Ciry. The organisation'$ ch¥Titsble activities include: The Centre has ten in operdtion for MO than 21 year5 and continues to thrive as a PUlar venue providing a welcoming, accessible. and affordable community space enjoyed by everyone. We have several tenanty renting OUT office spaces and other ScemeetIng rooms are Tented for training aDd other communiry actitieS whi15t we conuDue to encourage the introduction of client$ ro the centre. Whibt office renrzl does 8enerdte more sieady income for the Cenue, the other available spaees being rented for meetingsltraining b88 meant that we have more available sPe for meetiWtrainin8 for the Eenefit of everyone. We have a diverse beneficiary gTOUP ¢hereby continuing to serve the communiry. Communiry members and groups are encouz4ed to supporr the Centre to ensure that the rwrns and offices are used and thai the CeDLre generaies enough income to be gelf-su5tainin8 which is very important ftir the going concern of the OrganitiO BMECP has also advertised a hot desking faciliry that enables sroaller group& organisations, and individuals to use the Centre facilities including the Centre address for their group or business. This also enables them to use the available desks as and when they require a privaie space on a rota basis. Members are offered a discount on rcM)m knking. This is an opportuniry for co- working and necworking with other like-minded people with regular yeminar8 and workshop8. induded in the hot deskin8 P8ck&ge. On the 30th of May 2018. BMECP was ryised by HMRC as a cbariry for purposes under the Gift Aid xheme. This now means that BMECP can make claims for repayment of tax on individual donation5 to the centre under tbe Gift Aid Scheme within 4 years of its accounting period of the Teceipt of the donaiion. In addiiion. BMECP 1$ eli8ible ro elaim a rop-up payrnent worth 25% of every Pound. even if we don't have a Gift Aid declaration from the donor when there was a verbal confirniation from the donor. Gift Aid donation8 will give the BMECP anoiher income strcam and will improve the cash flow. which in tUTn BMECP will use the much-needed cash to promote and carry out its charitable proiective. which is the e&sence of her eien£. Our website aers as the eye of BMECP to the public. VisitOTS can see what Mi10n. BMECP has Een using the websiip to fimdraise induding aid donations. We made sLe our website has the ri8ht content and we bave attracted a lor of new visitors (traffic
has increased). our SUPPOTreT5 and other donors to market our organisation and rdise fimds for our SCLa] and charitable projects. Our main aim is to encour4e OIJT Ptter4 as well as the public to visit our website so th8t they can see wbat we do and at the same encour4e them ¢0 dOtr funds to the charity. Our aim is to leverage the phtforni to connect with people in Brigbton and the surrounding areas. Among the improvement& is to make the wetsite user-frien(lly and to provide a compellin8 user experience regardle of the device's screen size used to access it. Included the statement of ckit Connt and made it clear in terms of GDPR compliance. Our Facebook page continues to attract more followers and improved engagement with the users. We have made sure our Facebook page the right content. profile page photos and videos. We also utilise all the suites of tools and services offered by Faceiwk. Our Facebook has been clearly categoriged us Non-PTofiI and utilised services gjch a8 Fundraisers. events. pa8e in8i8hts, donations and so forth. We will continue to take advants8e of Faceiwk TLds and services such Fundraiser ana Donate Button to raise cash througb Gift Aid & other donations. With improved engagement and growing number of followers, BMECP will work on straiegies that will help in convenin8 some of the ftilloweTS into membeTS and aitical friends of BMECP. We will also try to use ¢ool$ wch as Events to assisi us Organise supporteTS to par¢icipa¢e in the activities. We can utilise tools such as Live for live Fundraising Streams and place free advertisement space for charities. Furthermore. using the FUndraIr tLM)I, we use the abiliry br other people to fundraise on our behalf For our various cause$. BMECP currendy measure or record the number of people visiting the centre and record of bookings or hiring our rTh)ms for training and Ixher Pllrp for board decisions. BMECP wanrs to move away from just recordin8 traffic into the centre bur into Mea8urin8 and Demonstrating Social Impact. We want to measure the qualiry of our Servi such as the experience of our 8erYiee users. AB a result, we are planning ro srart capring data ihrou8h qualirative means sueh as Surveys and questionnaires. We will a1y5 ask the user of our 5errices io complete the questionnaire or survey fonJ)s. This project was funded by NHS England. The soal was to seDsitise the BME commwiiry to the importance of organ donarion and make them more willing to take pan. There was a deficit for the period of £52.720 (21J23): Surplus FA278 (2022) and unusable reserves of £1,116.666 (2023): £1,135,452 (2022). The unusable reserve holds the chariry assets that are used to generate the funds to the centre. Of the L52270 deficit, (Ffj,850) re51ricted and must be used as speofied by the donors.
The reduction in income generated and reserves was due ro nation-wide lockdown of acttvities fOllong the outbreak of COVID-19. BMECP had anticipated a quick return to norn)aicy however unfortunately rhe knuDce back has been slow and challenging. BMECP has since and is siill tweaking the financial sustainabiliry sttatrgies to refiect the Tealities to miugate the slow bounce b8cL BMECP'S Tnjstees recognise the imtnrtance of having income available to be spent at the TTUStee8' discrerion in furtherance of the clwity's objert& but which is not yet spent, committed. or designated. A5 per the Governing docutnent. the Black and Minority Ethnic Communiry Partnership was incorporated as a company limited by guarantee on 15 March 21J)l and received eharitable stacus on 14 March 22. Its governing d(llent is its Memorandum and Artide5 of Association dated 15 March 2(Kll as amended 30 March 2(K)l and 3 kprember 2 The Trustees must hold at least 3 meetin8s each year and the quonmi is 4. Since the eeonomy opened there has been a lingering impact of COVID-19 that is still affectin8 the pace of room hiring at BMECP. We are still not at full capaciry in terms of room usage and OCCUPoncy because some businesses were fully back which by extension is affecting BMECP usage. Project fijnding was also a challenge to ateess due to the slow Ix)unce back from the pandemic and the ongoing geopolitics challenges. BMECP has tho had to cope with high energy bi]]s during the calendar yegr and this has become an existential threat to the workin88 of BMECP. Energy costs increased by over 2LKV% in the 12- 24 months due to the war in Ukraine. which h&8 cau8ed a lot of supply chain problems. The organisation is makin8 the rteeeary efficiency savin8S to cope with the surge in energy costs. The f(M)dbank of BMECP started in May 2020 and the averd8e Dumber of families Seed i8 one hundred and rwenty (120) per week BMECP considers the Fod bank provision as a narural extension of what it does to support the BME communiry within Bri8bion and Hove. Since we Started the project during the Covid Pandemic", the nurnber of beneficiaries increased exponenually to a point where the fidill8 could not sustain the growth. By chrIrnaS of 2022; BMECP had to make a painfLJ decision of Scaling down Ihe number5 to fit the budget envelope. The scaling to only rarget families with children as well the elderly. Ivhile tbere are several Food Banks in Brighton and Hove; BMECP compliments them but more )mrtantlY plugs the gap in the provision of Cultu foods that are required by BME communities in the ciry. The average now served on a weekly iwi5 is alK)ut g) Familie& Over the course of the financial year. a memkn of sraff and two tnteeS resi8ned. and this Co5titea a risk to the works of BMECP as thi8 has implications on the Fople requireil for the
organisation to operare ar an opumum level. BMECP reco8nises this high rate of staff turnover. and it 15 conunuing to work and implement strategies to Mitigate it. Due to high infiation in the ]ast 12-24 month& BMECP'S cosrs especially Gas and ekctriciry, labour. repairs. itance. and znaintenance. have increased at a rare far much more than the The biggest risk to BMECP Currently is the going concern. As of 31tt March 2023. BMEC made a net deficit of £57k. which is 511)b of BMECP revenue. The b)ard that IS 80in8 to be elected on the l(P of November 2023. should BMECP'S financial POSitiOD & decide whether BMECP will continue to operate economically. effectively & efficiendy into ihe foreseeable Euture. The new board's main obiective is to eome up with a IsineSS strategic and recovery plan ro increase BMECP'3 revenue and reduce opeTrtioDal costs.
The tDJStees are resF#)nsible for prepating the Tntstees. At)nu21 Repjrt and the financial srAiements in accordance with applieable law and regulations. Company law requires the trustees w PTepare financia] statements frir each financial year in aecordance with UK Accounung Standards and applicable law (UK Generdlly Accepted Accounting Practice). The financial sraiements are required by law ro give a true and fair view of the stsie of affairs of the clwitable company and of the exces8 of income over eXpendIne for that period. In preparing this financial statemenL the trustees are rwured to select suitable accounriD8 policies and then apply them consisrendy. make jud8menrs and estimates that are rewnable gnd prndenl s¢ate whether applicable UK Accounting Standards have been followed, subject to any material depamm disdosed and exp]aiDed in the financial statements" and Prepare the financial rtatements on the going concern ba81$ unless it is inappropriate to presume that the Charity will coniinue in its aetivities. The tNstees are responsible for keeping proper accountin8 records that disc105e with reagjnable accuracy 81 any time the financial position of the charitable company and enable them to eTr8ure that its financial statements comply with the Charities Act 2011 as amended. They have general respon8ibility for taking such Sieps as are reasonably open to them to safeguard the a$8ers of the charitable company and to prevent and deteet fraud and other irregularities. The tru8tee8 who held office at the date of approv of this trusEeeB' rert confiTm that. so far as they are each aware. there 18 no relevant infonDation of which the Chariry's examiner 18 unaware. and each IStee has taken all the steps that he/she ought to have taken &8 a trustee to make himself I herself aware of any relevant information and to esrablish that the Chariry's examiner is aware of that ]nforntiO In line wkth the provision exemption in the Charities Act 2011 as amended. tbe trust have decided to continue the SeICe$ of Mr Adekunle FawuDnU FCCL of Fabek Awciates & Co Ltd &$ the chaTiry'S independent examiner. Date 0611112023
We report on the accounts of the Tnw for the year ended 31 Mardi 2023. which are set out on Pages 12 to 24 We have examined the financial statements of the Black and Minoriry Et}IC Communiry Partnership {the ClrIry) frir the year ended 31 March, 2023 which comprise the Statement of Financial Aetiviues, the Balance SbeeL the Sratement of Cash Flows and the related notes. induding a summary of significant accounting p)licies, the financial reponing framework that has been applied in their preparduon, its applicable law and United kngdom Accounting Standards. includin8 Financial Reportin8 Standard 102 - The Financial RertIng Srandard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). The financial statements have been prepared ill acconlance with Accountin8 and Reporring by Charitics preparing their accounts in accordance with the Financial Rep)rting Standard5 ¥pplicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reponin8 by Charities.. Statement of Recommended Prnctice issued on l April 2(X15 which is referred to in the exrant regulations knLt ha5 been withdrawn. This has been done in order for the accounts to Provide a mie and fair view in accordance with the Generally Accepted Accountin8 Practice effective for reporting periods beginning on or ofter l January 2015. In our opinion the financial statements: Give a true and fair view of the stale of the charity's affair5 as ai 31 Mareh. 2023 and of its incomin8 resources and application of resources for the year ended. Have been Properly Prepared in accordance with United Kingdom Gerkerally Accepted Accounting Practice. and Have been prepared in accordance with the requirements of the Chariues Act 2011. The chariry's trustees are resFrJnsible for the preparation of the accounts. The cbarAty'S truttees consider that an audit 15 not required for thi% yw {under section 43(21 of the CILaLities Act 2011 (the 1993 Aci>l and that an independent examination is needed. It is our re4X)rt4ibiliry to.. examine the accounrs (under section 43(3}(a) of the 19Y3 Acr}; to follow the procedure5 laid down in the Gelle1 Directions given by the CFLatiry Commissioners (under Section 43(7)(b) of the IW3 Act)" and To slate whether particular matter5 have come 10 our attentio io
Our examination was carried out in accordance with the General DirectiorL8 given by the Charity Commissioners. kn examination includes a review of the accounting records kepi by the chariry and a coMp150n of the accounts presented with those recor&s. It also indudes consideration of any unusual items or disclo ID the accounts. and seeking explanations from you as trustees concerning any such matters. The pttKedure3 undertaken do not provide all rhe evidence that would be required in an audit. and consequently we do not e4)re55 an audit opinion on the view given by the accounts. In connection with the examination, I have reviewed the knks of BMECP and can conclude that except for the going concern rhar is under threat. no matter has come to our attention. 11) Ivhich gives us reaxjnable cause to believe tha¢ in any Jnaterial respect the requirements keep accouDDng records in accordance wilh section 41 of the 2011 Act. and To prepare accounts which accord with the accountin8 records and comply with the accounting requirements of the 2011 Act as amended. Have not been met; or (2) To which, in our opinion, auention should be drawn in order to enable a proper undeThtandin8 of the accounts to be reach BMECP has overdrawn their unrestricted accowit and therefore concerned alh)ut BMECP'8 cashllow and the tnteeS must act to improve this otherwise, BMECP going concern is under threat. This Teport 1$ made solely to the chariry's tntee$. a8 a ixmly. in accordance with Part 4 of the Charities (Accounts aThd Reports) Regulations 2(M)8. Our exaMition of the accounts has been undertaken so that we might state to the chariry's trustees those matters we are required 10 state to them in an examiner s report and for no other purtKfje. To the fullest extent pennitted by law, we do not accept or a&sume responsibiIity to 3nyone other than the charity and its trustees. as a iK>dy. foT the independeni examination work. or for the opinions we have fornied. Signed th#Duyof . 2027 Fabek Ass(Kiates and Co Ixd rtified Chartered Accountants 32 Dewey Road Dagenbam RMIO 8AR li
Prior Ye Totsl FTAn& 2023 2023 2025 2022 Donatrjns & 14a 20,498 24,998 5,499 92,486 &3,453 1,390 73,235 5.4 ITbvestnws 103.731 20.498 124,229 138.078 I49.] 176,949 131,800 149.601 27.348 176,949 131,800 Net Ilne £01 tbe ymr (45.870) L6.850> (52.720> 6.278 11.936 111.9361 33.934 (33.934) 18.786 (18.786) 2.720 Q52.720) 6.278 6.278 Nt movm*th IA fiu Totsl fand• bTou8]Jt fornzd 21.368 1.135.452 1.156.820 1.153.542 12.566 1.116.666 1.104.100 1.159.820 All actitieS derive frorn continuing operarions 12
SOFA- Prlor Year 2022 2022 2022 Dona & Legacies 1&928 44,525 63.453 1.390 73,235 73,235 Totsl Incoll 93.553 44,525 138,078 043 39,757 131,800 92.043 39.757 131.800 Net i0C for the ye4r 1.510 4.768 6.278 TThn•fer• between fund• (&IXKJI (3,000) Net illcom¢ 4fier trAu•feD A.B-C Net movement in 1.510 1,510 1.768 1.768 3.278 3.278 Rec01]110ll of ta1•... Totsl bMu8ht fowwaid 19.858 i.iU684 1.153.542 21.368 1.135.452 1. 1156,820 All activities derive from continuin8 OEThtion BLACK & MINORITY rfHNIC COMMUNITY PARTNERSHIP . Re•ouzw app]kd bk the Ye ended 31 ¢ 2023 tow•zd• for Cjwtty n•e:. 2023 2022 ruds ger1 yw SOFA I720) &278 (2.(PY3} 52,T20 4,185 di*p05aLs. 13
Lt year Totsl Fund• 2022 2023 2023 2023 21.368 18.786 40.154 48.936 Rectjgnisd arAI ktsses ifo 145,870) (24.502) 16.8501 152.7201 (12.566) 6.278 11.936 55,214 (From)rro unratiited revem Ili.Y36) (15,{0) 12.566 12,566 40.154 Flxed u#•t Totyl Lut y1 Totsl Fund• 2022 2023 2023 2023 AtlAw Trdmfer Itollfrorn Tevern* 1.11&666 1,116.6f 1,104,&)6 12,060 At 31 March 1.116.666 1.116.666 1.116.666 Totsl Lut Y•ar Total Fun De•l8Ut•d fuYd• 2023 2023 2023 2022 {12.566) L12.566> 1.116.666 40.154 l.l16,666 Fixed asset fiLt#b i.ii&f/ Totsl 11566 1.111666 1.104.1( 1,156,820 14
BLACK Ik MINORrrY rrHNIC COMMUNrrY PARTNERSHIP Compw)ie• Art 2(1)6 2023 2022 J.4YI 92.432 7&231 Irere3t re1•b 124.229 158.078 124,229 138.078 123,374 50,226 112,252 14,192 1,271 4,085 ITT£St payabk 2.349 176.949 131.800 (52.720) 6.278 (52,720) 6,278 52,720 6,278 15
IA 2023 2022 Fixed uiefl assets 1,13&7( 1.188.926 tkiKoT5 Cash at bank tn 6.820 13.520 10.6W2 14.185 wlthkn one yr io 25,9J3 {16,943) Net eurrent a•••ty 11.748 23.397 1.126, 1.212,323 Net re than 01 year 122.8521 {55.5031 The totsl Aet 4••et• of tbe i.io£ioo 1.156,820 The total net u•et• oe ¢he ¢knty •Te by the f4nd• of the ¢hTty. u folb)w•:. 12 12 1&786 1.11&666 Restrthl Fiyed A$$et FuThb 1.11&666 i.ii&( 1.135.452 12 21J68 1115EOI 21.368 D•8*n•t•d 1.104.100 1.156.820 16
2(K)6 wffh respect to accouthirg Yecords arxl PWTatn ofarn. The fjJMKial statrmrn have ien pryarEd in aLroTdae wmh prm)n$ iD Part 15 of d cornFq Aa 2[ atoiubk $uiryeLt Small compans Tegu TTU5tee by tl* Eoard of 06 November 2023 17
NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2023 The financial statements have been prepared in accordance with the charities SORP IFRS 102) - Accountsng and Reporritig by CbaTitie& Statement of Recommended Prartice pplicable to cEities preparing their accounts ID accordance vrith the Financial Reporring StandaTd applicable in the UK and Republic of Ireland IFRS 102) (effecuve I January 2015). the FiDancial ReFK)rting Standard applicable in the UK and Republic of Ireland (FRS 102 and the Chariues Act 2011. The funCIal Statements have been prepared to give a true and fair view ana have departed from the Chariries (Accounts and Rerts) Regu]ations 2(X)8 only to the extent Tequired provide a true and Fair view. Thi5 depamire has involved following the Charities SORP {FRS 1021 published on 16 july 2014 rdther than the Accounting and Reporting by Chariues Statement of Recommended Practice effective from l April 2LX15 which sitice been withdrdw Black and Minoriry Ethnic Community Partnenhip meet the definition of public benefit entiry under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise 8[ad in the relevant accountin8 p)licy. All income is recognised once the Chariry has enridement to the income. It ts probable that the income will be received. and the amount of income measured reliably. Income tax recoverable in relation to invernent income is recOgnis at the ume the investment income is receiv4ble. 13 Expenditure is recognised once there is * leg41 or con8tnLthve obligation to transfer economic benefit to a third parry. It is probable that a transfer of economic benefits will be required in se¢dement and the amount of tbe obligation can be measured Teliably. Expendirure is classified by activity. The costs of eacb activity are made up of the total direct costs and shared costs, including suppon COSES involved in undertaking each ctivity. Direct costs atttibutable to a sm8le activiry are allocated directly to that aetivity. Shared c(6rs which corAbte to more tlwi one artivity and support costs which are not atttibuiable 10 a single activiry are 3ptK)ttioDed between those activitie5 ou a basis consisieni with the use of resources. Central staff costs are allocdted on the knis of time spent. and depreciation charges allated on the tx)rtion of asset's use. 18
Expenditure on charitable aetivtties in inCUTred on directly undertaking the actsvities which funher the Chariry s objecuyes. as well as any asscKiated support cosrs. Grants payable are charged in the year when the offer is made excepr in those cases where the offer is conditional, such grants being recognIs as expenditure when the conditions attachin8 are hfilled. Grants offered subject to conditions whith bave not been met at the year-end are noted as a commitmenL but not accrued as endire. All expenditure i8 indusive of irrecoverabk VAT. InrereBt on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity. this is normally upon notification of the ititerest paid or payable by the institullon with whom the funds are deplEed. Tangible fixed assets are initially recognised at cost. After recognition under the cost model. tangible fixed asyet3 are measured at cost less accumulated depreciation and any accumulated impairment las. All ¢ts incurred to brin8 a tangible fixed asset into irs intended working condition 8hould be included in the JDea3urement of cost. Depreciation is charged so as to alloca¢e the C( of tan8ible fd assets less their residual value over their estimated useful lives. Depreciation t8 provided on the ftillowing bases: Freehold property . not depreciated Lon8 (erni leasehold property - IIKI years Fixtures and Fillin8S Office Equipment - 7 years 1.6 Det*ty8 Trade and other debtors are recognised at the settlement amount after any trade di8couni offered. Prepaymenrs are valued ar the amount prepaid net of any trade discounts due. 1.7 C4•h 4c and inhaod Cash at bank and in h8nd indudes cash wxl Short terni Wy liquid investments a short maturiry of three moDths or Itss from tbe date of acquisitton or opening or similar accotmt. . Liabilities are recognised when there is an obli8ation at the Ba]ance Sheet date as a result of a past event. it is probable that a transfer of economic benefit will be required i settlement. and the amowir of the setdement can Ee estimated reknbly. 19
Liabilities are recognised at the amount that the Chariry anticipated it will pay to settle the delx or the amount it has received as advanced payments for the gldS or seryices it must provide. Provisions are measured at the best estimate of the gmounts required to settle obligation. Where the effert of the time is roaterial. the provision is based on the present value of those arnounts. discounted at the pre-tax disUnt rate that reflects the risks specific Lo the kiabiiiry. The unwinding of the discount is recognis in the Statement of Financial Activities as a finance COSL General fidS are Unrestricted funds which are avai]able for use at the discretion of the Trustees in furtherance of the general objective8 of the Charity and which have nor been designated for other purposes. Designated funds comprise unrestricied funds thai have been set aside by the Trustees fur particular purpises. The aim and u% of each designated fimd is 8e¢ our in the notes to the financial sutemeDrs. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donors or which have been raised by the Charity for partiollar purposes. The cosrs of rdising and administering such funds are char8ed a8ainsr the specific fund. The aim and use of each restricted fund 1$ ser out in the no to the financial Statements. Investmen¢ income. gal and Ic8ses are aULra¢ed to the appropriate fund. Unre5tik-ted Re5tiktrd Totsl Fund• Totsl FuTrls 2023 2023 2022 18,928 18,928 44.525 55.290 44,525 20.498 24.998 fa.453 20
UrfftstrKttd Restriicd Totsl FllT#b Torai Funds 2023 2022 5.4W 1.3 5.4 5.499 1,390 2023 2022 Property Reral Ir 432 92.432 54 73.231 92.486 73.235 UnrY¥trKted Rt8trTh1 Toul Fllnd• Totsi Fu 2023 2023 2023 2022 Gr$ w4¢$ •ol s•kns . ¢hr48b 25.213 33.618 40,536 5fy) 16.498 16,498 27,705 OthEr proi&ts . $ewti% grp. wol RefuTd 36.859 27.548 939 Li8ht aTrJ p)wer 21.105 21.105 9.236 3.626 7,r7 7,750 21
TekpFKTrT. tax dj ijxen Pcstsge 3.IW2 3.192 2.359 137 Hire of 1,120 589 1.823 569 Httkh saftty 1.365 547 1,612 547 1.612 Adjnll) costs IT Swn crnt 8W &747 .747 2.838 SCI) CoJBthYKy feel 1.752 1.752 Bank tk¥8 242 2,349 1.226 242 2.349 50.226 4.085 14,192 111.742 111.742 52.896 111.742 111.742 52.896 Futkb 2023 2023 2022 271 1,271 U]trestriYed Restrtsj Total Fvzth Total Fu 2023 2022 T(xal dttEct Tcrtal supp)rt c(L4ts .859 111,742 27.348 64.207 111.742 77,633 52.896 1271 I49.1 27.348 176.949 131,8(Kl 22
S•&ry 2023 2022 33.618 40.536 Empbyds operdtir¥ of defffd 837 Total 8knieJ. wA8tt 4na Te]ated ¢o•ts 34.455 40,836 Lo Lea•ehoJd & Fl%turu & Impro ) CNt At l Aprll 2022 1,237.727 1.261.212 At 31 March 2023 1,237.727 5.468 1.261.212 At l Apnl 2022 Clwge for & year 72,286 50,226 49,870 AI 31 MAreh 2023 99,739 122.512 Net book v41ue At 31 MCh 2023 1.137.988 1,138,700 At 31 March 2022 1,187,858 1.188.926 2023 2022 Trade dei*0 13,975 6,820 (10,482) 3,493 6.820 23
A1# of cuh •rd ¢h equiv• 2023 2022 Ca8h in baTrl at for year etKled 31 March 2(r13 10.692 33.520 Totsl cuh and cuh equiv 10.692 33,520 io. 2023 2022 Trade cr*JitoYs 13,468 6. 197 6,268 2,158 5,786 25,933 16.943 ii. 2023 2022 55,503 Ai 31 Mueh202S Tangtsk Fiyd As8eis Currert Assets 1,11&666 1. 138.700 14.185 L25.933) C22.852) 14,185 125.933) {22.8521 Lorg Terni Lialthes 12,566 1.116.666 1,104.100 At l APAI 2022 Tangbk Fixed A%sets Currerrt AsseL8 72.260 21.554 (16,943) (55,5Q3) 1,116,666 1.188.926 18.786 40.340 06,943) (55.503) LOD8 Term Liablltt 21.368 1.135,452 1.156.820 There is no Related Parry trartsacrion to be disdosed for the ye4r 2022r23 and preceding year 2021r21 There is no P Imlance 5iieet event to be disCkd for the year 2022r23 and preceding ye3r 2021r22. 24