Charity registration number 1119468 Company registration number 05644439 (England and Wales) PLIAS RESETTLEMENT LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 PEARLMAN ROSE Chartered Accountants Suite 1, First Floor Jack Dash House 2 Lawn House Close London E14 9YQ
PLIAS RESETTLEMENTLTD LEGAL AND ADMINISTRATIVE INFORMATION Management committee Mrs Jacqueline Hinds (Chair) (Appointed 15 June 2023) Mrs Dunstanette Kuti (Treasurer) (Appointed 23 May 2024) Mrs Judith Davies (Appointed 23 May 2024) Miss Kirst Atek (Appointed 23 May 2024) Mr Shaun Pascal (Appointed 23 May 2024) Miss Terri Gannon (Appointed 23 May 2024 & resigned 11September 2024) (Resigned 02 Feb 2024) (Resigned 10 June 2024) (Resigned 31 July 2024) Mr David Truswell Mrs Noreen Muir Me Tajeen Hutton Senior management team Mr Tom Chandler Ms Norma Hoyte Charity number 1119468 Company number 05644439 Registered office Unit 12, Bridge Park Complex Harrow Road Brentf ield NW10 ORG Site address Suite 22 Unimax House Abbey Road London NW10 7Tr Accountants Pearlman Rose Chartered Accountants Suite 1, First Floor Jack Dash House 2 Lawn House Close London E14 9YQ Bankers HSBC Bank PIC 122 Wembley Park Drive Middlesex London HA9 8HT
PLIAS RESETTLEMENT LTD CONTENTS Page Chairman's statement Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Statement of cash flows Notes to the financial statements 8-16
PLIAS RESErrLEMENT LTD CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 This year's Annual Report illustrates the dynamic evolution within our organisational infrastructure and showcases the broad enhancement of our service offerings. Through strategic initiatives and dedicated efforts. we have successfully navigated challenges and celebrated substants'al achievements. Strategic Development and Leadership Transition This year marked an important milestone as we celebrated PLIAS Resettlemenfs 18th anniversary. Our history of providing essential support and new beginnings has been enriched by the invaluable contributions of outgoing and incoming trustees. We bid farewell to David Truswell, our outgoing Chair, whose strategic foresight and leadership have been instrumental in steering our organisation through phases of significant transformatio ' his dedication has set a robust foundatson for future endeavours. We also express our deep appreciabon to Noreen Muir and Tajean Hutton for their committed service. Their contributions have significantty shaped PLIAS'S capacity to impact lives positively. We welcomed five new trustees, whose diverse skills have seamlessly integrated with our mission. enhancing our organisational capabilities and outreach. Communlty Impact and Project Hlghlights Our projects this year have led to impactful communty engagement and substantial service delivery improvements. Notable initiatives such as the Back on Track and Moving On Up projects have directly contributed to reducing re- offending and improving employment outcomes for young black men, reflecting our com ent to addressing systemic challenges and enhancing community well-being. The Phoenix Back-2-Work and Step-up projects have also seen remarkable progressions and success. connecting vulnerable individuals with meaningful opportunities and support. These programmes highlight our holistic approach to rehabilrtation and community integration, fostenng environments where individuals can thrive. Engagement and Advocacy We continue to strengthen our community ties through proactive engagement and advocacy. Our involvement in Domestic Homicide Reviews (DHR), particularly highlighted by the tragic case of Denise Keane-simmons, demonstrates our dedication to improving outcomes and advocating for necessary changes in community wellbeing, safety and support frameworks. Additionally, our collaboration with local authorities and partners like the Mayor of Brent, has enriched our communty projects, enabling us to extend our reach and deepen our impact. The support from Cllr Orleen Hylton has been invaluable. and we look forward to continuing this partnership. Looking Forward As we announ the upcoming Domestic Homicide Review (DHR), Domestic Violence and Abuse (DVA), & Criminal Justice Summit in November 2024, we are positioned to further our impact and continue our advocacy for those we serve. This event is set to be a PNotsI moment in our ongoing efforts to address critical communty issues. The coming year promises new opportunities for innovation, growth and progression. We are poised to leverage the insights gained from our robust data analyses and stringent management, which indudes the powerful narrats'ves shared by our clients, to drive future initiatives that will benefit our community profoundly. As we look to the future, we are inspired by the collective spirit of our, trustees, directors, stsff, funders, and stskeholders whose unwavering support arKI dedication fuel our mission and drive to succeed. Together, we are committed to further build upon on our achievements. whilst continuing to make a positive drfference in the lives of those we serve. Mrs Jacqueline Hinds Chairman Date: .. ioli.o.14.oJ ¥
PLIAS RESETTLEMENT LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report and financial statements for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's goveming document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Objectives and activities To promote for the benefit of the public the resettlement and rehabilitation of offenders and ex-offenders and to help prevent them from re-offending, in particular but not exdusively by encouraging family support and through education and training in order that they may seek altemative routes in life away from crime. Public benefit The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. Financial review ReseNes policy It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. ststement of Trustees. responsibilities The Trustees, who are also the directors of PLIAS RESEThLEMENT LTD for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, induding the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Independent examiner Mohammad Jilani has been re-appointed as independent examiner for the ensuing year.
PLIAS RESEThLEMENT LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees, report was approved by the Board of Trustees. Mrs Jacqueline Hinds Trustee Date: ... io/iolaa.2
PLIAS RESETTLEMENT LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PLIAS RESETTLEMENT LTD I report to the Trustees on my examination of the financial statements of PLIAS RESETTLEMENT LTD (the Charity) for the year ended 31 December 2023. Responsibilities and basis of report As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examinerfs ststement Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or the financial statements have not been prepared in accordan with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Mohammad Jilani Independent examiner Pearlman Rose Chartered Accountants Suite 1, First Floor Jack Dash House 2 Lawn House Close London E14 9YQ Dated: .
PLIAS RESETTLEMENT LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Totsl 2023 2022 Notes Income from: Charitable activities Investments 209,685 5,397 444,316 654,001 5,397 260,092 552 482,214 742,306 552 Total income 215,082 444,316 659,398 260,644 482,214 742,858 Charitable activities 155,067 494,954 650,021 216,814 523,301 740,115 Net incomel(expenditure) and movement in funds 60,015 (50,638) 9,377 43,830 (41,087) 2,743 Reconciliation of funds: Fund balances at 1 January 2023 355,632 111,303 466,935 311,802 152,390 464,192 Fund balances at 31 December 2023 415,647 60,665 476,312 355,632 111,303 466,935 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
PLIAS RESErrLEMENT LTD BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible assets 64.134 68,017 Current assets Debtors Cash at bank and in hand 10 22,265 539,888 70,359 622,764 562,153 693,123 Credltors: amounts falling due wlthln one year 11 149,975 294,205 Net current assets 412,178 398,918 Total assets less current Ilabllltles 476,312 466,935 The funds of tho Charty Restricted in(x>me funds Unrestricted funds 12 60,665 415,647 111,303 355,632 476.312 466,935 The company is entitled to the exempb'on from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial ststements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Mrs Jacqueline Hinds Trustee Company registration number 05644439 (England and Wales)
PLIAS RESETTLEMENT LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Cash flows from operating activities Cash absorbed by operations 16 (80,838) (61,551) Investing activities Purchase of tangible fixed assets Investment income received (7,435) 5,397 (13,973) 552 Net cash used in investing activities (2,038) (13,421) Net cash used in financing activities Net decrease in cash and cash equivalents (82,876) (74,972) Cash and cash equivalents at beginning of year 622,764 697,736 Cash and cash equivalents at end of year 539,888 622,764
PLIAS RESETTLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Charity infonnation PLIAS RESEThLEMENT LTD is a private company limited by guarantee incorporated i The registered office is Unit 12, Bridge Park Complex, arrow Road, Brenffield, NW1 gland and Wales. 1.1 Accounting convention The financial statements have been prepared in accordance with the Charity's [governing document], the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the K and Republic of Ireland" ("FRS 102.) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective January 2019). The Charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency the Charity. Monetary amounts in these financial statements are rounded to the nearest £ The financial statements have been prepared under the historical cost convention policies adopted are set out below. principal accounting 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial stateme 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set ou the notes to the financial statem Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity. 1.4 Income Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be receive Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the t the donation. Legacies are recognised on receipt or otheiSe if the Charity has been notified of an pending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
PLIAS RESETTLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settleme and the amount 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, including 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 activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cos depreciation and any impairment losses. or valuation, net of Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 15-20 % of cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carying value of the asset, and is recognised in the statement of financial activities. 1.7 Impaimient of fixed assets At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which indude debtors and cash and bank balances, are itially measured at transaction price induding transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets dassified as receivable within one year are not amortised.
PLIAS RESETTLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are reived. Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.12 Limited by guarantee The charity is a company limited by guarantee and has no share capital. Critical accounting estimates and judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 10
PLIAS RESETTLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from charitable activities Unrestricted Restricted funds funds 2023 2023 Totsl Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Charity Aid Foundation A De Mont Legacy Youth Futures Foundation London Training & Employment DWP Prospects Information & Support G4S Family Works London Community Foundation Lloyds Bank Foundation Paddington Development Trust Young Brent Foundation Brent Council NCIL AWL Pilgrim Trust Asian Women's Resources Centre GLA Young London Brent Carers Centre John Lyons Charity Synergy Vision Track Academy Other Income Brunel University London North West Healthcare Charity 38,413 38,413 3,913 154,651 3,913 144,164 144,164 154,651 56,794 56,794 107,956 107,956 1,536 1,536 125,363 125,363 135,073 10,002 135,073 10,002 54,487 54,487 25,000 54,944 54,944 2,250 25,000 2,250 6,000 25,907 15,350 41,675 11,350 6,000 25,907 15,350 41,675 11,350 6,094 15,350 40,091 20,000 6,094 15,350 40,091 20,000 51,067 51,067 63,158 5,735 13,895 39,900 2,200 7,500 63,158 5,735 13,895 39,900 2,200 7,500 898 9,551 39,900 1,000 9,551 39,900 1,000 1,128 1,400 1,128 1,400 898 62,612 62,612 209,685 444,316 654,001 260,092 482,214 742,306 Income from investments Unrestricted Unrestricted funds funds 2023 2022 Interest receivable 5,397 552 11
PLIAS RESETTLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditure on charitable activities 2023 2022 Direct costs Share of support and governance costs (see note 6) Support 650,021 740,115 Analysis by fund Unrestricted funds Restricted funds 155,067 494,954 216,814 523,301 650,021 740,115 Support costs allocated to activities Unrestricted funds 2023 Restricted funds 2023 Totsl Total 2023 2022 Staff costs Rent Repairs & maintenance Insurance Printing, postage & stationery Telephone & fax Education training & project costs Travel & subsistence Volunteer expenses Staff welfare Govemance 86,903 6,319 931 2,854 5,713 6,185 6,539 878 2,635 10,294 25,816 372,163 35,451 11,765 512 4,223 1,109 24,127 2,498 459,066 41,770 12,696 3,366 9,936 7,294 30,666 3,376 2,635 11,765 67,451 556,836 9,546 12,639 3,617 11,273 7,213 25,380 5,721 4,550 12,036 91,304 1,471 41,635 155,067 494,954 650,021 740,115 2023 2022 Governance costs comprise: Depreciation Accountancy Legal and professional Consultancy Bank charges 11,318 3,250 41,919 10,746 218 12,140 2,900 68,515 7,536 213 67,451 91,304 12-
PLIAS RESETTLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Employees The average monthly number of employees during the year was: 2023 Number 2022 Number Administrative Management 14 16 Total 16 18 Employment costs 2023 2022 Wages and salaries Social security costs Other pension costs 409,708 37,253 12,105 498,678 44,937 13,221 459,066 556,836 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel is as follows. 2023 2022 Aggregate compensation 115,215 113,706 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 13-
PLIAS RESETTLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Tangible fixed assets Fixtures and fittings Cost At 1 January 2023 Additions 242,989 7,435 At 31 December 2023 250,424 Depreciation and impairment At 1 January 2023 Depreciation charged in the year 174,972 11,318 At 31 December 2023 186,290 Carrying amount At 31 December 2023 64,134 At 31 December 2022 68,017 10 Debtors 2023 2022 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 10,213 9,574 2,478 58,245 9,574 2,540 22,265 70,359 11 Creditors: amounts falling due within one year 2023 2022 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 12,414 421 132,540 4,600 15,589 822 273,544 4,250 149,975 294,205 14-
PLIAS RESETTLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 January 2023 Incoming resources Resources expended At31 December 2023 Restricted funds 111,303 444,316 (494,954) 60,665 Previous year: At 1 January 2022 Incoming resources Resources expended At31 December 2022 Restricted funds 152,390 482,214 (523,301) 111,303 13 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balanS of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 January 2023 Incoming Resources resources expended At31 December 2023 General funds 355,632 215,082 (155,067) 415,647 Previous year: At 1 January 2022 Incoming Resources resources expended At31 December 2022 General funds 311,802 260,644 (216,814) 355,632 14 Analysis of net assets between funds Unrestricted funds 2023 Restricted funds 2023 Total 2023 Fund balances at 31 December 2023 are represented by: Tangible assets Current assets/(liabilities) 64,134 351,513 64,134 412,178 60,665 415,647 60,665 476,312 15-
PLIAS RESETTLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Analysis of net assets between funds (Continued) Unrestricted funds 2022 Restricted funds 2022 Total 2022 Fund balances at 31 December 2022 are represented by: Tangible assets Current assets/(liabilities) 68,017 287,615 68,017 398,918 111,303 355,632 111,303 466,935 15 Related party transactions There were no disclosable related paty transactions during the year (2022 - none). 16 Cash generated from operations 2023 2022 Surplus for the year 9,377 2,743 Adjustments for: Investment income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets (5,397) 11,318 (552) 12,140 Movements in working capital: Decrease/(increase) in debtors (Decrease) in creditors 48,094 (144,230) (64,700) (11,182) Cash absorbed by operations (80,838) (61,551) 17 Analysis of changes in net funds The Charity had no material debt during the year. 16-