Reglstered number: 557n88 Charlty numbor: 1114489 T.H.O.M.A.S. (THOSE ON THE MARGINS OF A SOCIETY) (A company limited by guarantee) AUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 T.H.O.MAS. (THOSE ON THE MARGINS OF A SOCIETY) (A company limitsd by guarante•) coKrEKrs Page Rafer¢n¢e and admlnlstratlve details of the charity, its trustees and advisers Truste￿. r•port 3-13 Independent audltors, report 14-17 Statement of flnancial activltios 18 Balance sheet 19 Statement of cash flow5 20 Notes to the financial statements 21-37 T.H.O.M.AS. (THOSE ON THE MARGINS OF A SOCIETY) (A company Ilmltèd by guaranteè) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trusttts J M Malowana-murphy C J Porter J Skarie L Flood (resigned 3011112023) M Fullalove D Jameson N M8lley Company registered number 5577388 Charlty reglstered number 1114489 R9gistered office StAnne's House France Street Blackburn Lancashire BB2 1LX Company secretary Reverend J P Mccartney Chlel executive offlcer Reverend J P Mccartney Independent auditors Smith & Goulding Limited Chartered Accountants and Siatutory Auditors 2 Southport Road Chorley Lancashire PR7 1LB Bankers Unty Trust Bank Nine Brindleyplare Bimiingham B12HB Page 1 T.H.O.MAS. (THOSE ON THE MARGINS OF A SOCIETY) (A company Ilmltod by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Advisers (conllnued) Soll¢itors Farfeys Solicilors Hurstwood Court Dutton's Way Shadsworth Business Park Blackbum BB12QR Accountancy Servlcos CW Accountants Ltd 3.0 Brolherston Drive Blackbum Lancashire BB2 4FJ Page 2 T.H.0.m.￿S. (THOSE ON THE MARGINS OF A SOCIErY} mpany Ilmlted by guarante6) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF T.H.O.M.AS. (THOSE ON THE MARGINS OF A SOCIETY) OPINION We have audited the financlal slalemenls of T.H.O.MA.S. (THOSE ON THE MARGINS OF A SOCIETY) (the 'charity) for thè ￿ar 6nd8d 31 March 2024 $8t oul on pages 18 to 37. The financial reporting framework that has been applied In their preparation is applicable law and United Kingdom Accounting Standards (Uniied Kingdom Generally AGcepted A¢Gounling Practicel. This report is made solely lo the charitable companys members, as a body, in accordance wrth Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable companys memb8rs those matlers we are required to State to th8m in an auditors, report and for no other purpose. To the fullest extent pemltted by law, we do not accept or assume responsibility to anyone other than the charitable company and ils members, as a body. for our audit work. for this report, or for the opinions we have fomied. In our opinion Ihe financial statements: give a true and fair view of the state of the charilable companls affairs as al 31 March 2024 and of its incoming resources and appllcation of resources, including its income and expendilure for the year then have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practlce. and have been prepared in accordance with the requirements of the Charities Act 2011. BASIS FOR OPINION We conducted our audit In accordance with Intemational Stsndards on Auditing (UK) {ISAs IUKY) and applicable law. Our responsibilities under those standards are furth8r described In thè Auditors, responslbilities for the audit of the fin8nelal statèmènts sectlon of our ieport. We are Indèpendent of the charflabl8 company in accordanc8 with the ethlcal requlrements that are relevant to our audit of the financial statements in the United Kingdom. including the FlnanGial Reportlng Coun¢il's Ethlcal Standard. and we hav8 fulfilled our other elhlcal responsibllltl88 in accordanc8 Wlth th8se r8quirements. We believe that the audit 8vidence we have obtaln8d is sufflcient and appropriate to provid8 a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN We have nothing to feport in respect of the following matters in relation to which the ISAS (UK) require us to report lo you where: Ihe trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate,. or the trustees have not disclosed in the financial statements any Identlfied materlal uncertaintles that may ¢ast significant doubt about the charltable companys ability to ¢onlinue to adopt th8 golng concern basis of accounting for a pèriod of at18ast bNelve months from thè date when the financial slal8menls are authorised for issue. Page 14 T.H.O.M.AS. (THOSE ON THE MARGINS OF A SOCIETY) (A company limlted by guaranteo) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF T.H.O.M.A.S. (THOSE ON THE MARGINS OF A SOCIETY OTHER INFORMATION The trustees are responsible for the other information. The other infomiation comprises the infomalion included in the annual report, other than the financial statements and our auditors, report thereon. Our opinion on the financial statements does not cover the othèr Information and w8 do not express 8ny form of assurance conclusion thereon. In connection with our audlt of the financial statements, our responsibility is to read the other information and, in doing so. consider whether the other infom)ation is materially inconsistent wlth the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identlfy such material inconsistenGies or appar8nt material misstatements, are requlred to determine whether there is a material rnisst8tement in Ihe financial stalemenls or a material misstatement of the other infonnation. If, based on the work we have performed, we conclude thal therè is 8 material misstatement of this other information, w8 are required to report that fact. We have nothing to report in thls regard. MATfERS ON WHICH WE ARE REQUIRED TO REPORT 8Y EXCEPTION We have nothing to report In respecl of the following matters where the Charities {Accounts and Reports) Regulations 2008 requi￿$ us to report lo you if. in our opinlon: the information given in the Trustees, report is inconsistent in any material respect with the financial statements- or sufficient accounling records have not been kept; or the financial slalements are nol in agreement with tho a¢counting rewrds and relums; or we have not received all the information and explanations we require for our audit. RESPONSIBILMES OF TRUSTEES As explained more fully in the trustees. responsibilities statement, the trustees {who are also the directors of the harity for the purpose5 of company law) are responsible for the preparation of the financial slatemenls and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necèssary to enable the preparation of financial statements that are free from material misslatemenl. whether due to fraud or error. In preparing the financial statements, the trust88s aro responslble for assessing the charitable companls ability to continue as a going concern. disclosing, as applioable. matlers related lo going concem and using the going concern basis of accounting unless the trust8es elth8r Intend to liquidat6 the charilable company or to C8as8 operations. or have no r8alistic altematiV8 but to do so. Page 15 T.H.O.m.￿S. (THOSE ON THE MARGINS OF A SOCIETY) (A company Ilmlted by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF T.H.O.M.AS. {THOSE ON THE MARGINS OF A SOCIETY) AUDrroRS' RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditors, report that includes our oplnion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS {UK) will always detect a material misstatement when it exists. Misstatements can arFse from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description ¢f our responsibilities for the audit of the financtal statements is located on the Financial Reporting Coun¢il's website at.. www.frc.org.ukjauditorsresponsibilities. This description forms part of our auditors, report. OTHER MATTERS Irregularities, including fraud, are instances of non-cornpliance with laws and regulatlons. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of Irregularities including fraud. Our approach to identifying and assessing the risks of material misstatem8nt in ￿spect of s￿egUlarl11e$. including fraud and non-compliance with laws and regulations, was as follows.. - the engagement partner ensured that the engagement team collectively had the appropri8te competence. capabilities and skills lo identify or recognise nonthcompliance with applicable laws and regulation$; we identified the laws and regulations applicable to the charftable company through di$¢ussions with trustees and other management, and from our commercial knowledge and experience of the charity sector" we focused on specific laws and regulations which w8 considered may hav8 a tlirecl material effect on the financial statements or the operatlons of the charity, Includlng the Companles Acl 2006. taxation16gislation and data protection, employment, environmental and health and safety legislation. - we assessed the extent of compliance wilh the laws and regulations identified above through making enqulries ot management and inspecting legal correspondence: and identif￿d laws and regulations were communicaleLI within the audil team regularly and the téam remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misslatemenl, including obtaining an understanding of how fraud mighl occur. by- -making enquiries of management as to where they consldered Ihere was susceptibility lo fraud. their knowledge of actual, suspected and alleged fraud- and considering the intemal controls in place to mitigate risks of fraud and non&compliance wlh laws and regulations. To address the risk of fraud through management bias and override of controls, we.. performed analytical procedures to id8ntify any unusual or unexpecled relalion5hips., tested joumal entries lo identify unusual transaGlions'. and assessed whÈther judgements and assumptions made in detemiining the a￿Ounting estimates were indicalive or potential bias, In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, bul were nol limited lo: agreeing financial statement disclosures lo underlying supporting documentation., reading the minutes of meetings of those oharged with gov8mance- Page 16 T.H.O.M.AS. (THOSE ON THE MARGINS OF A SOCIETY) (A company limlted by guarantee} INDEPENDENT AUDFfoRS' REPORT TO THE MEMBERS OF T.H.O.MAS. IThOSE ON THE MARGINS OF A SOCIETY) enquiring of management as to actual and potential litigation and claims. and reviewing Correspondence with relevant regulators and Ihe compan￿5 legal advisors. There are inherent limltations In our audii procedures described above. The more removed that laws and regulatFons are from financial transactions, the less likely it Is that we would b6¢0me aware of non-compllance. Auditing standards also limit the audit procedures requlr&d to identify non- compllance wlth laws and iegulatlons to enquiry of the directors and other management and the inspection of regulatory and legal corresponden￿, if any. Material misstatements that arise due to fraud can be harder lo detect that those that arise from error as they may involve deliberate concealment or collusion. USE OF OUR REPORT This report is made solety to the charitable companys members, 85 a body, in 8ccord8nce with Part 4 of the Charities {Accounts and Reports) Regulations 2008. Our audit work has been undertaken so Ihat we might state lo the charitable company's members thoso matters we are required lo stsle to them in an auditors. report and for no other purpose. To th8 fullest extent pemjittéd by law, we do not ac￿pt or assume responsibility to anyone other than the charitable company and its members, as a body. for our audit work, for this report, or for the oplnlons we have formed. Andrew Simm BS¢ FCA for and on bèhalf of Smlth & Gouldlng Llmlted Chartered AGcountants and Statutory Audilors ILk 14)IS 2 Soulhport Road Chorley Lancashire PR7 ILB Andrew Simm Bsc FCA for and on behalf Df Smith & Goulding Limited are eligible to act as auditors in terms of section 1212 of the Companies Acl 2006. Page 17 T.H.O.M.AS. (THOSE ON THE MARGINS OF A SOCIETY) company Ilmlted by guarant••) STATEMENT OF FINANCIAL ACTIVrnES {Incorporatlng the Income and Expendlture Account) FOR THE YEAR ENDED 31 MARCH 2024 Restrlcted Unrestricted fund8 funds 2024 2024 Total funds 2024 Totsl funds 2023 Note INCOME FROM: Donations and legacies Charitable activities Other trading actlvities Investments 31,966 1,652,490 31.966 1,666,216 30,805 1,478,535 300 1.028 13,728 4,754 4.754 TOTAL INCOME 13,726 1,689,210 1.702.936 1,510.668 EXPENDrruRE ON: Raising funds Charitable activilies 12,215 1,620,145 1.632,360 1,397,418 TOTAL EXPENDITURE 12,215 1,620,145 1.632.360 1,398,061 NET INCOME BEFORE TRANSFERS Transfers between Funds 69.065 (230) 70.576 112,607 15 230 NET INCOME BEFORE OTHER RECOGNISED GAINS AND LOSSES 1,741 68,835 70.576 112,607 NET MOVEMENT IN FUNDS 1.741 68,835 70,576 112.607 RECONCILIATION OF FUNDS: Total funds brought foM8rd 200,371 1,267,907 1,468,278 1,355,671 202,112 1,336,742 1,538,854 1,468,278 TOTAL FUNDS CARRIED FORWARD All activities relate to continuing operations. The notes on pages 21 to 37 fomi part of these financial stalemenls. Page 18 T.H.O.M.AS. (THOSE ON THE MARGINS OF A SOCIETY) (A company Ilmlled by guarantee) REGISTERED NUMBER: 5577388 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash al bank and in hand 782.237 835,275 12 373.076 877.860 162.009 846.570 1.250.936 1,008,579 CREDrroRS: amounts falling due wtthin one year 13 (257.435> 1105.876) NET CURRENT ASSETS 993,501 902, 703 TOTAL ASSETS LESS CURRENT LIABILrriES 1.775,738 1,737,978 CREDITORS: amounts falling due after more than one year 14 (236,884) r269, 700) NET ASSETS 1,538,854 1.468,278 CHARrrY FUNDS Restricted funds Unreslricted fund5 15 15 202,112 1,336,742 200,371 1,267,907 TOTAL FUNDS 1,538,854 1,468,278 The charivs financial statements have been prepared in accordance with the provisions applicable to companies subjèct to the small companSes r8gime. rhe trustees consider that the Charity is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("Ihe Acl") and members have not ￿quIred the charity to oblain an audit for the year in questlon in a¢¢ordance wlth sectlon 476 of the A¢t. However. an audlt Is requI￿d in accordance with section 144 of the Charities Ad 2011. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial 5tstements. signed on their behalf, by= Trustee Trustèe The notes on pages 21 to 37 form part of these financial slatements. Page 19 T.H.O.M.AS. (THOSE ON THE MARGINS OF A SOCIETY) (A Company Ilmltèd by guarantè8) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Nole Cash flows from 0￿ratIng actlvltles Net cash provided by operating activilles 17 31,290 230.883 Cash flows from Investlng actlvltles: Purchase of tangible fixed assets (36,094) Nèt cash used In Investlng a¢tivFtles (36,094) Change In cash and cash equlvalènt8 In Ihe year Cash and cash equivalents brought fornvard 31.290 846,570 194, 789 651,781 Cash and cash equlvalents ¢arrled forward 877,860 846,570 The notes on pages 21 10 37 form part of these financial statements. Page 20 T.H.O.M.kS. (THOSE ON THE MARGINS OF A SOCIETY) (A company Ilmlted by guarantoo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES 1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial ststements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Reeommended Pract4￿ applicable to charlties preparing thèir accounts in accordance wfth the Finan¢lal Reporting Standard appll¢able in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) . (charl￿e$ SORP (FRS 102)), the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. The financial statements have been prepared to give a 'true and fair view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required kn provide a Irue and fairf view. This departure has involved following the Charilies SORP (FRS 1021 published on 16 July 2014 ralher than the Accounting and Reporting by Charities". Staternent of Recommended Practice effective from 1 April 2005 which has since been withdrawn. T.H.O.M.A.S. (THOSE ON THE MARGINS OF A SOCIETY) meèts the definition of a public benefit enlily under FRS 102. Assets and Ilabllltles are Inltlally recognised at hlslorical ¢osl or transaction value unless otheNise stated in the relevant accounting policy. P8ge 21 T.H.o.m.￿S. (THOSE ON THE MARGINS OF A SOCIE￿) IA eompany Ilmit•d by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES {contlnued) 1.2 INCOME All income is recognised once the chartty has entitlement to the income. it is probable that the income will be received and the amount of income receivable can be measured reliably. For legacies, entitlement is laken as the earlier of the date on which ellher.. the charity is aware Ihat probate has been granted, the estate h85 been finalised and notification has been made by the exeGutOf(sl to the Trusl that a distTibulion will be made. or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered Probable when the amount can be measured reliably and the charity has been notified of the executorfs intenlion to make a dislribulton. Where leg8cies have been notrfied to the charity. or the charity is aware of the granting of probate, and the criteria for income recognilion have not been met, then the legacy is Ireated as a contingent asset and disclosed if materi85. Glfts in kind donated for dlstribulion are included at valuation gnd recA)gnised 8s income when they are distrlbuled to th8 projects. Glfts donated for resale are included as income when they are sold. Donated facilities are included at the valtsè to the charily where this can be quantified and a third party is bearlng the cost. No amounts are included in the financial statemenls for services donated by volunle8rs. Donated services or facilities are recognised when the charity has control over the ilem, any conditions associaled with the donated item have been mel. the receipt of economic beneftt from the use of the charity of the item Is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102>, the general volunteer lime of the Frtends is not recognised and refer to the trustees, report for more information about their contribution. On receipt, donated professional services and donated lacilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain servl¢es or facllitles of equlvalent economlc benefii on the open ma)*et: a correspondlng amount is then recognised in expenditure in the period of receipt. Income tax recoverable in relation to donations received under Grft Aid or deeds of covenant is recognised al the lime of the donation. Income tax recoverable in relalion lo investmenl income is recognised at the time the investment income is receivable. Other income is recognised in the period in which it is receivable and to the exlenl Ihe goods have been provided or on completion of Ihe service. Page 22 T.H.O.M.AS. (THOSE ON THE MARGINS OF A SOCIETY) IA company Ilmlted by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (Contlnued) 1.3 EXPENDITURE Expenditure is recognised On￿ there is a legal or constructFve obligation to transfer economic benefit to a Ihird party. it is probable that a transfvr of economic benefits will be required in settlement and the amounl of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs. induding support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activty and supporl costs which are not attributsble to a single artivity are apportioned beiween those activities on a basis consistent with the use of resourc£s. Central staff costs are allocaled on the basls of time spent. and depreciation charges allocated on the portion of the asset's use. Fundraising cosls are those incurred in seeking voluntary contributions and do not include the c03ts of dlsseminating information in support of the charitable activities. Stjpport costs are those costs incurred directly In support of expenditure on the objects of the charity and include project management carried out at Headquarlers. Govemance costs are those incu￿ed in Gonnection wilh administration of the charity and ¢ompllancè with Constitutional and stalulory requirements. Costs of generating funds are costs incurred in attracling voluntsry income. anij those incurred in trading acliviti8S that raise funds. Ch8ritable activities and Governance costs are costs incurred on the charitys educational operations, including support costs and costs relating to the governance of the charrty apportioned lo chariiable activltles. All expenditure is inclusive of irrècoverable VAT. 1.4 TANGIBLE FIXED ASSETS AND DEPRECIATION All assets costing more than £1.000 are Gapitalised. Tanglble fixed Bssets are carried at cost. net of deprectation and any provision for impainnent. Depreciation is provided at rates calGulated to write off the cost of fixed assets, less their estimated residual value, over Iheir expected useful lives on the folloving bases.. Freehold propety UTemi Leasehold Property Sfferrn Leasehold Property Plant & machinery Molor vehides Fixtures & fittings Office equipment Medical equipment 2% straight fine 2% straight line 20 /0 straight line 20 % straight line 200kn straight line 200/0 Straight line 200/0 Straighl line 20Y• straight line The freehold property is stated at cost less accumulated depreciation. The property has been valued at £475,0¢)O which is below the nel book value in the accounts. However. as the Trustees consider that the cosl of purchasing and converting a similar property would exceed the current book value of the property, il is not considered necessary lo write down the value of the assel on the balance sheet. Page 23 T.H.o.m.￿S. (THOSE ON THE MARGINS OF A SOCIETY) (A company Ilmited by guarantaol NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Icontlnued) 1.5 INTEREST RECEIVABLE Interest on funds held on d&posit is included when feceivable and the amount can bè measured reliably by the charity,. thls is nomally upon notfficats'on of the interest pald or payable by the Bank. 1.6 OPERATING LEASES Rentals under operating leases are charged to th8 Statement of financial activities incorporating income and expenditure account on a straight line basis over the lease temi. 1.7 DEBTORS Trade and other debtors are recognised at the settlement amount after any trade di5wunt offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.8 CASH AT BANK AND IN 14AND Cash at bank and in hand includes cash and short lem highly liquié Snvèstments with a short maturlty of three months or less from the date of aGqulsillon or opening of the deposit or similar acGount. 1.9 LIABILITIES AND PROVISIONS Liabilities are recognised when there Is an obllgatlon at the balance sheet date as a result of a past event, il is probable that a transfei of economic benefit will be required in settlement, and thè amount of the settlement can be estimated reliably. Liabilities are ￿COgnised at the amount that thè charity anticipates it will pay lo settle the debt or the amount it has received as advanced payThents for the goods or services it must provide. Provisions are Measured at the best estimate of the amounts required to settle Ihe obligation. Where the effect of the time value of money is matèrlal. the provision is based on th8 present value of those amounts, discounled at the pre-tax discount rate that reflects the risks specific to thè liability. The unwnding of the (liscount is rècognised within interest payable and similar charges. 1.10 FINANCIAL INSTRUMENTS The charity only has financial assets and financial liabilities of a kind that qualify 8s basic financial inslrumenls. Basic financial inslruments are inilially recognised at transaction value and subsequently rneasured at their settlement value with the exception of bank108ns which are subsequently measured at amortised cosl using the effective interest method. 1.11 PENSIONS Contribution5 to the CharIt￿S defined contribution pension scheme are charged as expenditure In the year In which they become payable. Page 24 T.H.O.M.AS. ffHOSE ON THE MARGINS OF A SOCIETY) (A company Ilmltèd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (continued) 1.12 FUND ACCOUNTING General funds ar8 unrestricted lunds which are available for use at the discretion of the trustees in furthérance of the gener81 objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted fund8 thal have been sèl aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restrithd funds are funds which are to be used in accordance with specifi¢ restri¢tsons imposed by donors or which havè been raised by the charity for particular purposes. The Costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 1.13 CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT Estimates and judgments are continually evaluated and are based on histori¢al experience and other fadors, includlng expectations of future events that are believed lo be reasonable under the circumstences. Critical accounting estimates and assumptions.. The charity makes estimates and assumptions concerning the future. The resulting accounting eslimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assels and liabilities within the next financial year are discussed below. Critical areas of judgment: Depreciation Page 25 T.H.O.M.AS. (THOSE ON THE MARGINS OF A SOCIETY) (A company Ilmltèd by guarantéé) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM DONATIONS AND LEGACIES Rèstri¢tèd Unrè$lrlcted funds funds 2024 2024 ToLIl funds 2024 Total lunds 2023 Donations including Gift Aid Sisters of St Joseph Fort Foundation Give As You Live Lld The Asd8 Foundation Sacred Heart Church Napthens LLP Truslee of Trelix Charitable Trust 23,285 5,000 500 2,376 23.285 5.000 500 2,376 18.845 5,000 4,960 305 500 305 500 1,000 Total donations and legacies 31.966 31,966 30,805 Tot812023 30,805 30,805 Page 26 T.H.o.m.￿S. (THOSE ON THE MARGINS OF A SOCIETY) (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTRACTS FOR CHARITABLE SERVICES Restrlcled Unrestrl¢ted Total Funds Funds 2024 Funds 2024 2024 Total Funds 2023 BWD BC - Supportin9 People - GU BWD BC Social Fund - Emergency Food Provision BWD BC - Housing Support Grant Setvice User Housing Benefits - Ga]lig￿8VeS Unit BWD BC - Infectron Control Service User General Benefits - Witton Bank BWD SSMTRG Service User Housing Beneflts - Salford BST SSMTRG Servicer User Housing Benefts - BWD Gatewaysloozehead Lane Addltlonal spot purchasel funding for bolton hovsel salford Local A￿hority Funding for Witton Bank Reh8b and Spot pUrd￿se Greater Manchester Mental Health NHS- Sallord Bolton House - Service User Housing Benefits Selnet Ltd Spring North Other small grants Albert Gubay The 29 May 1961 Charity UCLAN National Lottery Community Fund VCFSE DWP Kickstart 27,843 27.843 24,033 20,000 20.000 22,000 83.547 83.547 68.096 81,141 71,250 250.788 38,300 81,141 71.250 250.788 38,300 72, 748 57.000 232. 731 186,000 19,097 19,097 17,272 75,124 75,124 359,865 359,865 284.980 430.000 430.000 465, 829 61.584 61.584 7,556 43,333 375 33,334 3.000 7.556 27,374 43.333 375 33.334 3.000 1,461 3.000 6,000 53,909 53,909 6.170 6,170 10,011 Total 13.726 1,652,490 1,666.216 1.478,535 Page 27 T.H.O.M.AS. (THOSE ON THE MARGINS OF A SOCIETY) (A company Ilmlt•d by guaranteé) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CHARITY TRADING INCOME Restrleted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 CHARITY TRADING INCOME Income from Charity Shop 300 300 FUNDRAISING TRADING EXPENSES Charty Shop trading expenses Net expenditure from Charity Irading income {343J In 2023 all trading incLsme were from unrestricted funds.ln 2024 there was no trading income as the shops weren't traading. INVESTMENT INCOME Restrlcted Unrestrlcted funds funds 2024 2024 Total funds 2024 To181 funds 2023 Investrnenl Income 4.754 4,754 1.028 Tolal 2023 1.028 1,028 SUPPORT COSTS Total 2024 Tolaj 2023 THOMAS Core slorage rent and utility costs Wages and salaries National insurance Pension cost 5,911 43,152 3,779 1.186 5,911 43,152 3,779 1,186 4,794 36. 750 3. 184 791 54,028 54,028 45,519 Total 2023 45,519 45,519 Page 28 T.H.o.m.￿S. ftHOSE ON THE MARGINS OF A SOCIETY) IA company1SmSted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS (continued) During the year ended 31 March 2024, the charity incurred the following Govemance costs: GOVERNANCE COSTS Restrlcted Unr•slrlctad funds funds 2024 2024 Totsl funds 2024 Tot81 funds 2023 Accountancy fees Auditors, remuneration Legal and professional fees Loan Interest Bank charges and loan arrangement fees 4,421 6,800 12,818 17,891 1,687 4,421 6,800 12,818 17,891 1,687 6,052 4.000 11,160 19,757 1,950 43,617 43,617 42.979 NEf INCOMEI(EXPENDITURE) This is staled after Charging: 2024 2023 Depreciation of tangible fixed assets.. - owned by the charity Auditors, romuneralion - audit Accouniancy fees Operaling lease rentals 53,038 6,800 4,421 54,356 4,000 6.052 122,855 During the year, no trustees received any remuneration (2023 - £NIL). Durlng the year, no trustees received any benefits in kind (2023 - £NIL). During the year, no trustees received any reimbursement ol expenses (2023 - £NILI. Operatlng Leases 2024 2023 Land and buildings Office equipment 122,855 Total 122.855 Page 29 T.H.O.M.AS. ITHOSE ON THE MARGINS OF A SOCIETY) (A company Ilmfted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 DIRECT COSTS (Excl Support and Govemance costs) 2024 2023 Bullding and general office Costs Printing, postage and ststionery Travel and volunteer expenses Slaff training and resources Sessional worker costs Clienl living expens88 Staff r8crultmÈnt Social enterprise costs Wages and salaries Empbyers nalional insurance EMplo￿rS pension costs Depreciallon Legal and professional 388,164 7,279 10,429 4,092 1.040 152.149 1.880 2.407 819.901 71.808 22.528 53.038 314,779 5, 743 5,366 9,144 1.247 130.635 1.770 979 698.250 60.489 15.019 54.356 11.203 1,534,715 1,308,980 10. STAFF COSTS Stsff costs were as follows: 2024 2023 Wages and salaries Social security cosls Other penslon co$ts 863,054 75,587 23,714 735.000 63.673 15,810 962.355 814.483 The average number of persons employ8d by the charity during the year was as follows.. 2024 2023 No. Project personnel Charily administration {incl projects) 30 27 35 32 No employee received remuneralion amountlng to more than £60,000 in either year. Total remuneration and benefits received by managemenl and key personnel amounted to 2024 £105,553 (2023- £103,871). Page 30 T.H.O.MAS. (THOSE ON THE MARGINS OF A SOCIETY) {A company Ilmlted by guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. TANGIBLE FIXED ASSETS Land and Other flxèd bulldlngs assets Total COST At 1 Aprll 2023 and 31 March 2024 1,247,182 199,447 1,446,629 DEPRECIATION At 1 April 2023 Charge for the year 445.163 42,728 166.191 10.310 611.354 53.038 At 31 March 2024 487.891 176,501 664,392 NET BOOK VALUE At 31 March 2024 759,291 22.946 782.237 At 31 March 2023 802,019 33,256 835,275 At 31 March 2024, included wilhin the net book value of land and buildings is £607,568 (2023 - £626,228) rèlating to freehold land and buildings, £116,061 (2023 £118,200) relating to long term leasehold land and bulldings and £42.(104 (2023 - £57.593) rèlating to short temi18asehold land and buildings. The buildings include Witton Bank. Spring Lane which has a security held against this bullding by th6 Unity Bank with a second legal charge being held by Futurebuildèrs. Thé Net book value of this s8cur8d property is £607,568. 12. DEBTORS 2024 2023 Trade debtors Other debtors Prepayments and accrued income 279.386 26,704 66,986 55.393 23,164 83.452 373,076 162.009 Page 31 T.H.O.M.AS. ITHOSE ON THE PaARGINS OF A SOCIETY) (A company limit•d by guaranteol NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. CREDrroRS: AMouKfs FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loan Other loan Trade creditors Other taxation and social security Other creditors Accruals and deferred income 17,391 12,792 24.624 17,346 78,158 107,124 17,391 72,792 39.159 16,454 4,522 15,558 257.435 105, 876 14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loan Other loan 46,243 190,641 63,864 205,836 236,884 269, 700 Creditors include amounts not wholly repayabl8 within S years as follows: 2024 2023 Repayable by instalments 139.472 148.968 The bank loan is from Unity Trust Bank plc and £63,634 is still owing at 31 March 2024 {totsl loan repayable over 25 years at a rate of interest of 2.250h over the Bank's Base Rate). The other loan is for £203,433 from Futurebuilders England and is repayable over 25 years al a rate of interest of 30/0 over the Bank's Base Rate. The borrowings from Unity Trust Bank are secured by a first legal charge on Witton Bank, Spring Lane. Blackbum. Futurebuilders have the second legal charge on the property. The amount of the sg¢ured liability is £363,506. Page 32 T.H.O.M.AS. (THOSE ON THE MARGINS OF A SOCIETY) (A company Ilmlted by guarante•) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. STATEMENT OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR Balance at 31 March 2024 Balance at 1 April 2023 Transfers inloul Income Expenditure UNRESTRICTED FUNDS General Funds - all funds 1,267.907 1,689,210 <1:620,145} {230} 1,336,742 RESTRICTED FUNDS Balancé at 31 Mar¢h 2024 Balanco at 1 Aprll 2023 Transfers Fnlout Income ExpenditUTe Futurebuilders capital granl BWD PCT- capital grant BWD DAAT - capital grant Selnet Ltd Public Heallh England - capital granl new building VCFSE 80A05 1,698 226 (7,786) (2,8001 (240) 160) 77,605 1.458 166 7,556 230 125,82B 12,9451 16,1701 122.883 6,170 200,371 13.726 (12,2151 230 202,112 Total of funds 1.468,278 1.702.936 (1,632,360) 1,538,854 STATEMENT OF FUNDS - PRIOR YEAR 88lanGe 8t 31 March 2023 B81ance at 1 Apnl 2022 Incom9 Expendilurg General Funds - all funds 1,141,420 1.473,283 (1,346,796) 1.267,907 Page 33 T.H.O.M.AS. (THOSE ON THE MARGINS OF A SOCIETY) (A company Ilmll•d by guaranleo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. STATEMENT OF FUNDS (contlnued) RESTRICTED FUNDS BalanGe al 31 March 2023 Balance at 1 Apnl 2022 Income Expendilure Futurebuilders- capital grant BWD PCT - capltal grant BWD DA4T - capital grant Selnet Ltd Public Health England - capital grant - new building DWP Kickstart 83,205 1.938 286 49 128.773 (2,800) (240) (60) (35, 209) (2,945) (qO,011) 80,405 1,698 226 {7.786) 125,828 27.374 10,011 214,251 37,385 (51.265) 200,371 Restricled Funds. Restrlcted funds to be carried for4V8rd inlo the next financlal year are: Futurebuilders This fijnd is to be utilised in respect of capital works carried out to the Wltton Bank property. BWD PCT - To be spent on capital works at Witton Bank and 181- 192 Dickson Close propertres. BWD DAAT - This is to be ulilised for Improvements made to prevlous rental properties within Blackburn and Darwen. Public Health England new building grant - This fund has been utllised in purchasing a new property in the Sallord area. Selnet Ltd- This fund is for Building Better Opportunities and will be fully utilised over the next few years. DWP Kickstart - This funding Is to cover the salarles of young people to glve them experience to get into employment. Page 34 T.H.O.M.AS. (THOSE ON THE MARGINS OF A SOCIETY) (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 SUMMARY OF FUNDS - CURRENT YEAR Balance ot 31 March 2024 Balanco at 1 Aprll 2023 Trnnsfers inloui Income Expenditure General funds Restricted funds 1,267,907 200.371 1,689,210 (1,620,145) 13.726 (12215) (230) 1,336,742 230 202,112 1,4fj8,278 1,702,936 (1,632,3601 1,538.854 SUMMARY OF FUNDS - PRIOR YEAR BalanG8 al 31 March 2023 Balance at 1 April 2022 Income Expéndlture General funds Restricted funds 1.141.420 214,251 1.473.283 (1.346. 796) 1.267.907 37,385 (51,265) 200,377 1.355.671 1,510,668 (1.398,061J 1.468.278 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSEfs BETWEEN FUNDS - CURRENT YEAR Rèstrlcted Unrestrlcted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 782,237 782,237 1.048,824 1,250,936 (257A35) {257,4351 1236,8841 {236,8841 202.112 202,112 1,336,742 1,538,854 Page 35 T.H.O.M.AS. (THOSE ON THE MARGINS OF A SOCIETY) (A company Ilmlt•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS {contlnued) ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Restrlcted Unrestricted funds fiinds 2023 2023 Total funds 2023 Tangible fixed assets Current assets Creditors du8 wlthln one year Creditors due in more Ihan one ye8r 208, 157 (7, 786) 627,118 835.275 1,016,365 1,008,579 (105.876) (105,876) (269,700) (269.700) 200,371 1,267,907 1,468,278 17. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the year (8s per Stakment of Flnanclal Activillès) 70.576 112,607 Adjustmenl for: Depreciation charges (Increase)Ide¢rease in debtors InGreasel(decrease) in creditors 53.038 (211,067) 118,743 54.356 101, 189 {37,269) Net cash provlded by operating activities 31,290 230,883 18. ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cash in hand 877,860 846,570 Total 877,860 846,570 19. PENSION COMMrrMENTS Payments were made lo personal pension plans for the year ended 31 March 2024. Outstandlng monies due at 31 March 2024 amounted to £4,509 (2023 - £2,999) and ar8 in¢lud8d in ¢rediiors. Page 36 T.H.O.MAS. ITHOSE ON THE MARGINS OF A SOCIETY) (A company Ilmlted by guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. OPERATING LEASE COMMITMENTS At 31 March 2024 the total of the charitls future minimum lease payments under non-cancellable operating leases was: Land and buildings 2024 2023 Other 2023 2024 AMOUNTS PAYABLE.. Within 1 year 40,999 30,714 21. RELATED PARTY TRANSACTIONS No related party transactions occurred in the years ended 31 March 2024 and 31 March 2023. 22. CONTROLLING PARTY The charity is controlled by the Trustees. 23. COMPANY STATUS The charity is a company limited by guarantee. The members of the company are the Truslees named on page 1. In thè event ot the charity being wound up, the liability in respect of the guAranlee is limited to £1 per member of the charity. The company was incorporated in England and the registered office is as follows:. St Anne's House France Street Blackburn Lancashire BB2 1LX Page 37