## ## ## ## |||||||Page| |---|---|---|---|---|---|---| |Trustees'
annual
report (incorporating||the|director's|report)||| |Independent
examiner's
report to the||trustees||||12| |Statement
offinancial|activities (including||income and expenditure||account)|14| |Statement offinancial|position|||||15| |Statement
ofcash Rows||||||16| |Notes to the financial|statements|||||17| |The following pages|do not form part ofthe financial statements|||||| |Detailed statement of|financial
activities|||||27| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |tatement
(including
income and expe|nditure
account)|||||| |---|---|---|---|---|---|---| |Year ended 31Nlarch 2023|||2023|||2022| |||Unrestricted
funds
Total funds
t4ote
f
R|||Totalfunds
E|| |Income and endowments
Donations
and legacies|||1,536
474,419|1,536
474,419||7,011
487,246
85,175| |Charitable
activities
Other income|||475,955|475,955||579,432| |Total income
Expenditure
Expenditure
on charitable|activities|8,9|558,679
558,679|558,679
558,679||545,918
545,918| |Total expenditure
Net (expenditure)/income|and net movement|in funds|(82,724)|(82,724)||33,514| |Reconciliation
of funds
Total funds brought
fonNard|||29,002
(53,722)|29,002
(53,722)||(4,512)
29,002| |Total funds carried forward||||||| ## ## ## ||||2023|2022| |---|---|---|---|---| |||Note||| |Fixed assets||||| |Tangible fixed assets||14|15,401|20,782| |Current assets||||| |Stocks||15|34,498|35,660| |Debtors||16|23,890|79,401| |Cash at bank and in|hand||8,637|45,696| ||||67,025|160,757| |Creditors: amounts|falling due within one year|17|50,472|50,684| |Net current assets|||16,553|110,073| |Total assets less current liabilities|||31,954|130,855| |Creditors: amounts|falling due after more than one year|18|85,676|101,853| |Net liabilities|||(53,722)|29,002| |Funds ofthe charity||||| |Unrestricted
funds|||(53,722)|29,002| |Total charity funds||20|(53,722)|29,002| ## ## ## ||||2023|2022| |---|---|---|---|---| |Cash flows from operating|activities|||| |Net (expenditure)fincome|||(82,724)|33,514| |Adjustments
for.||||| |Depreciation
oftangible
fixed assets|||5,381|7,384| |Interest payable and similar|charges||5,295|4,414| |Changesin:||||| |Stocks|||1,162|84| |Trade and other debtors|||55,511|(43,352)| |Trade and other creditors|||('I1,778)|7,705| |Cash generated
from operations|||(27,153)|9,749| |Interest paid|||(5,295)|(4,414)| |Net cash (used in)/firom
operating
activities|||(32,448)|5,335| |Cash flows from financing|activities|||| |Proceeds from borrowings|||(4,611)|483| |Net cash (used in)/from
financing
activities|||(4,611)|483| |Net (decrease)/increase
In|cash and cash|equivalents|(37,059)|5,818| |Cash and cash equivalents|at beginning|ofyear|45,696|39,878| |Cash and cash equivalents|at end ofyear||8,637|45,696| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total|Funds| |---|---|---|---|---|---|---|---| |||||Funds|Funds||2023| ||||||E||| |Donations|||||||| |Donations||||1,536|||1,536| |Grants|||||||| |County|Durham|Community|Foundation||||| |||||1,536|||1,536| ## ## ## ||||||Unrestricted|Restricted|Total Funds| |---|---|---|---|---|---|---|---| ||||||Funds|Funds|2022| ||||||F||E| |Donations|||||||| |Donations|||||1,011||1,011| |Grants|||||||| |County|Durham
Community||Foundation|||6,000|6,000| ||||||1,011|6,000|7,011| |Charitable||activities|||||| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds|2023|Funds|2022| |||||E|||E| |DCC Projects||||312,353|312,353|207,907|207,907| |Furniture|scheme and related||services|119,744|119,744|90,770|90,770| |Housing|support projects|||24,149|24,149|24,013|24,013| |Winter support fund||||18,173|18,173|184,556|164,556| |||||474,419|474,419|487,246|487,246| ## ## |7.|Other in|come||||||| |---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Total Funds|Unrestricted|Total Funds| ||||||Funds|2023|Funds|2022| ||||||E|||E| ||Covid support||grants||||4,000|4,000| ||Job Retention||Scheme||||31,499|31,499| ||Kickstart|grant|||||14,276|14,27B| ||Insurance|claim|||||35,400|35,400| ||||||||85,175|85,175| |8.|Expenditure||on charitable|activities|by fund type|||| |||||||Unrestricted|Restricted|TotalFunds| |||||||Funds|Funds|2023| ||||||||f,|| ||Furniture|scheme and related services||||558,679||558,679| |||||||Unrestricted|Restricted|Total Funds| |||||||Funds|Funds|2022| |||||||F||F| ||Furniture|scheme and related services||||536,918|9,000|545,918| ## ## ## ## ## |9.|Expenditure|on charitabl|e activ|ities
by activity typ|e||| |---|---|---|---|---|---|---|---| ||||||Activities||| ||||||undertaken|Totalfunds|Total fund| ||||||directly|2023|2022| ||||||F||E| ||Furniture
scheme and related services||||558,679|558,679|545,918| |10.|Net (expenditure)fincome||||||| ||Net (expenditure)/income||is stated after charging/(crediting):||||| |||||||2023|2022| ||||||||F| ||Depreciation|oftangible fixed assets||||5,381|7,384| |11.|Independent|examination|fees||||| |||||||2023|2022| ||||||||E| ||Fees payable|to the independent||examiner for:|||| ||Independent|examination|ofthe financial statements|||500|400| ||Other financial services|||||4,676|5,539| |||||||5,176|5,939| ## |Staffcosts|Staffcosts||||||| |---|---|---|---|---|---|---|---| |The total staff costs and||employee|benefits for the reporting||period are analysed
as follows:||| |||||||2023|2022| ||||||||F| |Wages and salaries||||||175,726|157,581| |Social security costs||||||7,441|6,673| |Employer contributions||to pension|plans|||648|551| |||||||183,815|164,805| |The average
head count ofemployees
offull-time
equivalent
employees
during||||during the year was
the year is analysed|11 (2022:
as follows:|10).The average|number| |||||||2023|2022| |||||||No.|No.| |Number
ofmanagement||staff||||2|2| |Number
ofproject staff||||||9|8| |||||||11|10| ## ## |14.|Tangible fixed asset|s||||| |---|---|---|---|---|---|---| ||||Plant and|Motor||| ||||machinery
F|vehicles|IT Equipment|Total
f| ||Cost|||||| ||At 1April 2022 and 31March 2023||21,369|27,000|9,152|57,521| ||Depreciation|||||| ||At 1 April 2022||12,060|18,457|6,222|36,739| ||Charge for the year||2,327|2,135|919|5,381| ||At 31 March 2023||14,387|20,592|7,141|42,120| ||Carrying
amount|||||| ||At 31 March 2023||6,982|6,408|2,011|15,401| ||At 31 March 2022||9,309|8,543|2,930|20,782| |15.|Stocks|||||| ||||||2023|2022| |||||||f.| ||Furniture
stock for resale||||34,498|35,660| |16.|Debtors|||||| ||||||2023|2022| ||||||R|| ||Trade debtors||||17,307|77,425| ||Directors loan account||||726|686| ||Wages debtor||||5,857|| ||Other debtors|||||1,290| ||||||23,890|79,401| |17.|Creditors: amounts|falling due within|one year|||| ||||||2023|2022| ||Trade creditors||||23,452|22,037| ||Accruals and deferred|income|||900|900| ||Social security and other taxes||||26,041|27,288| ||Other creditors||||79|459| ||||||50,472|50,684| ## ## ## ## |Creditors: amounts
falling due after more than|one year|| |---|---|---| ||2023|2022| |||E| |Bank loans and overdrafts|43,372|47,983| |NE Social Fund loan|37,877|40,788| |Key Fund loan|4,427|13,082| ||85,676|101,853| ## ## ## ## ||||At|||At 31Ilarch|At 31Ilarch| |---|---|---|---|---|---|---|---| |||1|April 2022|Income|Expenditure||2023| ||||f.||||F| |General|funds||29,002|475,955|(556,679)||(53,722)| ||||At|||At|31 March| |||1|April 2021|Income|Expenditure||2022| ||||E||E.||| |General|funds||(7,512)|573,432|(536,918)||29,002| ## ## ## |21.|Analysis ofnet a|sse|ts between funds|||| |---|---|---|---|---|---|---| ||||||Unrestricted|TotalFunds| ||||||Funds|2023| ||Tangible fixed assets||||15,401|15,401| ||Current assets||||67,025|67,025| ||Creditors less than|1|year||(50,472)|(50,472)| ||Creditors greater than||1 year||(85,676)|(85,676)| ||Net liabilities||||(53,722)|(53,722)| ||||||Unrestricted|Total Funds| ||||||Funds|2022| ||Tangible fixed assets||||20,782|20,782| ||Current assets||||1B0,757|160,757| ||Creditors less than|1|year||(50,B84)|(50,B84)| ||Creditors greater than||1 year||(101,853)|(101,853)| ||Net liabilities||||29,002|29,002| |22.|Analysis ofchanges||in net debt|||| |||||||At| |||||At 1 Apr 2022|Cash flows|31Mar 2023| |||||||E| ||Cash at bank and|in hand||45,696|(37,059)|8,637| ||Debt due after one|year||(47,983)|4,B11|(43,372)| |||||(2,287)|(32,448)|(34,735)| ## ## ## ||||2023|2022| |---|---|---|---|---| |Income and endowments||||| |Donations
and|legacies|||| |Donations|||1,536|1,011| |County
Durham|Community|Foundation||6,000| ||||1,536|7,011| |Charitable
activities||||| |DCC Projects|||312,353|207,907| |Furniture
scheme and related||services|119,744|90,770| |Housing
support projects|||24,149|24,013| |Winter support|fund||18,173|164,556| ||||474,419|487,246| |Other income||||| |Covid support grants||||4,000| |Job Retention Scheme||||31,499| |Kickstart grant||||14,276| |Insurance
claim||||35,400| |||||85,175| |Total income|||475,955|579,432| ## ## ## ||2023|2022| |---|---|---| |Expenditure||| |Furniture
scheme purchases|223,584|231,605| |Wages|175,726|157,581| |Employer's
NIC|7,441|6,673| |Pension costs|648|551| |Rent and rates|53,364|56,246| |Light and heat|12,190|9,545| |Insurance
Other premises costs|8,530
6,191|7,996
6,'491| |Motor vehicle costs|25,992|23,863| |Staff and volunteer expenses|17,307|19,039| |Accountancy
fees|6,526|5,939| |Telephone|3,776|2,999| |Ofhce costs|1,336|1,425| |Depreciation|5,381|7,384| |Interest payable|5,295|4,414| |Other expenses|5,392|4,167| |Totalexpenditure|558,679|545,918| |Net (expenditure)/income|(82,724)|33,514|