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||||Page|
|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, Its Trustees and Advisers|1|
|Trustees' Report|||2-10|
|Chair of Trustees'
Letter||||
|Independent
Auditors'|Report|on the Financial Statements|12-14|
|Statement of Financial|Activities||15|
|Balance Sheet|||16|
|Statement ofCash Flows|||17|
|Notes tothe Financial|Statements||18-34|
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
||Note|2023
8|2023
8|2023
8|2022f|
|Income from:||||||
|Donations and legacies|3|301,430|34,020|330,256|315,934|
|Charitable
activities|4|264,294||264,2$4|180,011|
|Investments|5|1,070||1,070|3|
|Total Income||566,800|34,020|801,620|498,948|
|Expenditure
on:||||||
|Raising funds||77,230||77,230|87,514|
|Charitable
activities|6|868,607|73,012|041,619|72'l,004|
|Total expenditure||945,037|73,012|1,010,840|808,518|
|Net expenditure
before net losses||||||
|on investments||(379,037)|(38,102)|(417,220)|(309,570)|
|Exrxrptional
item||(175,$68)||(170,008)||
|Net movement
In funds before other||||||
|recognised
gains/(losses)||(555,005)|(30,102)|(503,1$7)|(309,570)|
|Net movement
in funds||(555,005)|(38,192)|(5$3,197)|(309,570)|
|Reconcglatlon
offunds:||||||
|Total funds brought
forward||1,004,$40|58,455|1,063,3$5|1,372,965|
|Net movement
in funds||(555,005)|(38,1$2)|(503,1$7)|(309,570)|
|Total funds carried forward||449,935|20,263|470,190|1,053,395|
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|||For|the|Year Ended S1December 2023|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||E||
|Cash flows from operating||activities|||||
|Net cash used in operating|activities||||(404,528)|(99,719)|
|Cash flows from investing||activities|||||
|Purchase oftangible fixed assets|||||(11,581)||
|Net cash (used in)/provided||by investing||activities|(11,581)||
|Cash flows from financing||activities|||||
|Cash inilows from new borrowing|||||437,000||
|Repayments
of borrowing|||||(9,683)|(7,108)|
|Net cash provided
by/(used||in) financing||activities|427,317|(7,108)|
|Change in cash and cash|equivalents||in|the year|11408|(106,827)|
|Cash and cash equivalents|at the beginning|||ofthe year|25,816|132,843|
|Cash and cash equivalents||at the end of||the year|37,024|25,818|
|The notes on pages 18to34||form part ofthese financial statements|||||
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2023|2023|2023|2022|
|||6|||8|
|Donations||||||
|Donations|from trusts and foundations|223,045|34,820|257,865|292,120|
|Donations|from individuals|78,391||78,$91|26,814|
|||301,436|34,820|3$6,256|318,934|
|||301,436|34,820|336,256|318,934|
|Total2022||202,164|116,770|318,934||
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|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2023
6|2023
6|2022f|
|1,070|1,070||
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|||Unrestricted|Restricted||As mslaled|
|---|---|---|---|---|---|
|||funds|funds|Total|Total|
|||2023|2023
6|2023
6|2022
f|
|Sessional services||868,607|73,012|941,819|721,004|
|Total 2022as nsslated||849,617|71,387|721,004||
|Analysis ofexpenditure|by activities|||||
|||Activities|||As restated|
|||undertaken|Support|Total|Total|
|||directly|CcstS|funds|funds|
|||2023
6|2023
6|2023
6|2022
f|
|Sessional services||321,138|620,481|941,619|721,004|
|Total 2022as restated||309,817|411,187|721,004||
|Analysis ofdirect costs||||||
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|||||As restated|
|---|---|---|---|---|
|||Sessional|Total|Total|
|||services|funds|funds|
|||2023|2023|2022|
|||6|6||
|Stafl|costs|286,505|266,505|264,180|
|Other|service costs|54,633|54,633|45,637|
|||321,138|321,138|309,817|
|Total|2022asrestrded|309,817|309,817||
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|||||||As msfsfed|
|---|---|---|---|---|---|---|
||||Sessional||Total|Total|
|||||services|funds|funds|
|||||2023f|2023f|2022
5|
|Staffcosts||||373,569|373,568|251,304|
|Depreciation||||51,018|51,018|83,387|
|Premises,
oflice &IT||||66,632|86,6S2|82,171|
|Financial administration||||1,542|1,542|1,844|
|Advertising|costs|||2,047|2,047|1,386|
|Bank fees||||1,642|1,642|2,215|
|Interest paid||||54,366|54,366|2,778|
|Loan set up|costs|||11,639|1t,638||
|Professional|fees|||40,647|40,647|17,450|
|Audit fees||||13,600|13,600|8,090|
|Other support costs||||3,779|3,779|575|
|||||620,481|620,481|411,187|
|Total 2022|as restated|||411,187|411,187||
|Auditors'
remuneration|||||||
||||||2023
f|2022|
|Fees payable to Xsinadin
accounts||Audit Limited for the audit ofthe|Charity's|annual|15,000|10,200|
|Fees paysbls to Xeinadin||Audit Limited and its associates|in respect of:||||
|All non-audit|services not|included above|||2,340||
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|
Forthe Year Ended
Staff costs|
31December 2023||
|---|---|---|
||2023|2022|
||6|5|
|Wages and salaries|626,256|528,892|
|Social security costs|56,052|52,958|
|Pension costs|16,934|18,289|
||701,242|598,139|
|||2023|2022|
|---|---|---|---|
|||No.|Nc.|
|Sessional|services|10|8|
|Fundraising||2|1|
|Support||11|10|
|||23||
|2023|2022|
|---|---|
|No.|No.|
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||Land 8|Furniture
&|Fixtums and||
|---|---|---|---|---|
||buildings
8|equipment
8|fittings
8|Total
8|
|Cost orvaluation|||||
|At 1 January2023|1,170,474|255,325|140,8$3|1,566,632|
|Additions||6,601|4,980|11,581|
|Dieposals||(21,083)||(21,083)|
|At 31 December 2023|1,170,474|240,863|145,813|1,557,150|
|Depreciation|||||
|At 1 January 2023|136,052|229,573|116,004|481,629|
|Charge for the year|21,154|19,202|10,$$2|51,018|
|On disposals||(21,06$)||(21,06$)|
|At 31 December 2023|157,206|227,712|126,666|511,584|
|Net book value|||||
|At 31 December 2023|1,013,2$8|13,151|19,147|1,045,566|
|At 31December 2022|1,034,422|25,752|24,829|1,085,003|
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|Debtors|||||
|---|---|---|---|---|
||||2023|2022|
||||8|5|
|Due after|more then one year||||
|Amounts|owed by group undertakings|||97,031|
|||||07,031|
|Due within||one year|||
|Outstanding||fees|18,083|13,873|
|Amounts|owed by group undertakings|||37,131|
|Prepaymenls||and accrued income|522||
||||19,505|148,035|
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||||2023|2022|
|---|---|---|---|---|
||||6||
|Bank loans|||10,708|11,226|
|Other loans|||437,000||
|Trade creditors|||15,301|19,313|
|Other taxation and|social secunty||81,973|106,107|
|Other creditors|||18,761|4,457|
|Accruals and deferred||income|45,653|22,690|
||||609,397|163,793|
||||2023|2022|
||||8||
|Resources deferred|du|ring the year|10,000||
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|Creditors: Amounts
falling due after|more than one year|||
|---|---|---|---|
|||2023
8|2022f|
|Bankloans||22,500|31,666|
|Induded
within the above are amounts|falling due as follows:|||
|||2023
8|2022f|
|Between one and two years||||
|Bankloans||10,000|f9,999|
|Between two and five years||||
|Bank loans||12,500|11,667|
|Over five years||||
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||||||||Balance at|
|---|---|---|---|---|---|---|---|
||||Balance at 1||||31|
||||January|||Gainsl|December|
||||2023
5|Income
5|Expenditure
8|(Losses)
6|2023
6|
|Unrestricted
funds||||||||
|Designated
funds||||||||
|Land 8 building|reserve||1,175,000||||1,175,000|
|Retail reserve|||185,000||||185,000|
||||1,360,000||||1,360,000|
|Generalfunds||||||||
|Generalfunds|||(355,060)|566,800|(945,837)|(175,968)|(910,065)|
|Total Unrestricted||funds|1,004,940|566,800|(945,837)|(175,968)|449,935|
|Restricted funds||||||||
|Capital capaign|fund||4,980||(4,980)|||
|Equipment
fund|||2,500||(2,500)|||
|Early Intervention||fund|7,666||(7,666)|||
|Weekend
Activities|||33,463||(33,463)|||
|Impact Measures||Framework|4,500||(4,500)|||
|Music Therapy|Fund||5,346|34,820|(19,903)||20,263|
||||58,455|34,820|(73,012)|-|20,263|
|Total offunds|||1,063,395|601,620|(1,018,849)|(175,968)|470,198|
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|Statement offun|ds|- prior year|||||
|---|---|---|---|---|---|---|
|||||||Balance st|
||||Balance at|||31|
||||1January|||December|
||||2022|Income|Ex pe ndltun:f|2022f|
|Unresbtcted
funds|||||||
|Designated
funds|||||||
|Land 8 building
reserve|||1,175,000|||1,175,000|
|Retail reserve|||fes,ooo|||185,000|
||||1,360,000|||1,380,000|
|Generalfunds|||||||
|Generalfunds|||(107)|382,178|(737,131)|(355,060)|
|Total Unrestricted||funds|1,359,893|382,178|(737,131)|1,004,940|
|Restdcted funds|||||||
|Capital cspaign fund||||4,9eo||4,9eo|
|Equipment
fund|||8,872|3,500|(7,872)|2,500|
|Early Intervention|fund|||28,750|(19,084)|7,66S|
|Wellbeing
Therapy|fund||1,200||(1,200)||
|Weekend
Activities||||33,463||33,463|
|Speech &Language||Therapy|5,000||(5,000)||
|Immersive
Story||||7,433|(7,433)||
|Impact Measures|Framework|||26,500|(22,000)|4,500|
|Music Therapy
Fund||||14,144|(8,798)|5,346|
||||13,072|116,770|(71,387)|58,455|
|Total offunds|||1,372,965|498,948|(808,518)|1,063,395|
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|Purposes|ofrestricted|ofrestricted|ofrestricted|ofrestricted|fuiide|fuiide|||||
|---|---|---|---|---|---|---|---|---|---|---|
|Capital campaign|||fund||||The capital campaign
fund consists ofmonies donated for||the||
||||||||development
ofan extension
and improvements
to the||||
||||||||Centre's
building.||||
|Equipment|fund||||||The equipment
fund consists ofmonies donated for the||||
||||||||purchase ofsmall items and capital items for the font-line||||
||||||||services.||||
|Early intervention|||fund||||The early intervention
fund consists ofmonies received|for|||
||||||||delivering
our preschool snd outreach
servirxts.||||
|Music therapy||fund|||||The music therapy
fund consists of monies received for|the|||
||||||||provision
ofmusic therapy.||||
|Wellbeing|therapy||fund||||The wellbeing
therapy
fund consists ofmonies received|for||the|
||||||||provision
ofwellbeing
therapies
for families||||
|Speech &|Language|||therapy||fund|The speech S,language
therapy
fund consists ofmonies||||
||||||||received forthe provision of speech and language
therapy.||||
|Weekend|activities||||||The weekend
scbviTies fund received monies for provision||of||
||||||||play activihes etweekends.||||
|Immersive|Story||||||The Immersive
Story fund consists ofmonies to deliver||||
||||||||reading and storytelling
activities.||||
|Impact Measures|||Framework||||Ths Impact Measures
Framework
consists ofmonies to||||
||||||||develop an outcome indicators
in therapy services||||
||||||||effectiveness.||||
|Purposes|ofdesignated||||funds||||||
|Land & building||reserve|||||The land and building
reserve represents
the unrestricted||||
||||||||funds invested
in the charity's
freehold
land snd buildings||plus||
||||||||an allowance
for forthcoming
additions
which are not therefore||||
||||||||available
for other purposes.||||
|Maintenance
reserve|||||||The maintenance
reserve is monies set aside by the Trustees||||
||||||||for the future maintenance
ofthe charity's
land and buildings.||||
|Retail reserve|||||||The retail reserve represents
money loaned tothe charity's||||
||||||||trading
subsidiary
company
and therefore
not available|for|||
||||||||other purposes.||||
|Innovation|reserve||||||The innovation
reserve is monies set aside by the trustees|||in|
||||||||order to be abls to pilot new achvities that do not yet have||||
||||||||funding
including
new services, new partnerships
snd new||||
||||||||fundreising
programmes.||||
|Events reserve|||||||The events reserve is money set aside to allow forthe||||
||||||||organising offundraising
and promotional
events where|costs|||
||||||||have to be paid out before income is received.||||
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|Summary|offunds|- current y|ear|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at 1||||31|
||||January|||Gainsl|December|
||||2023|Income
6|Expenditure
f|(Losses)
6|2023f|
|Designated|funds||1,360,000||||1,360,000|
|General funds|||($55,060)|568,800|(945,837)|(175,968)|(910,065)|
|Restricted|funds||58,455|34,820|(73,012)||20,283|
||||1,06$,$05|601,020|(1,018,849)|(175,068)|470,108|
|Summary|offunds|~prior year||||||
||||||||Balance at|
|||||Balance at|||31|
|||||1January|||December|
|||||2022|income
f|Expenditure
f|2022f|
|Designated|funds|||1,360,000|||1,300,000|
|General funds||||(107)|382,178|(737,131)|(355,060)|
|Restricted|funds|||13,072|116,770|(71,387)|58,455|
|||||1,372,955|498,948|(808,518)|1,063,395|
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|Analysis|ofnet assets between funds - current|year|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||202$ 6|2023f|2023f|
|Tangible|fixed assets|1,045,566||1,045,566|
|Current|assets|36,266|20,263|56,529|
|Creditors|due within one year|(609,307)||(600,$07)|
|Creditors|due in more than one year|(22,500)||(22,500)|
|Total||449,935|20,263|470,198|
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|Analysis of net assets between funds - prior ye|ar|||
|---|---|---|---|
||Unrestncted|Restricted|Totsf|
||funds|funds|funds|
||2022f|2022
5|2022f|
|Tangible fixed assets|1,085,003||1,085,003|
|Debtors due after mors than one year|97,031||97,031|
|Current assets|18,365|58,455|76,820|
|Creditors due within one year|(163,793)||(163,793)|
|Creditors due in more than one year|(31,666)||(31,SSS)|
|Total|1,004,940|58,455|1,063,395|
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|Reconciliation ofnet move|ment
in funds to net cash flow from operati|ng
activities||
|---|---|---|---|
|||2023|2022|
|||E|5|
|Net expenditure
for the year|(as per Statement ofFinancial Acfivities)|(593,197)|(309,570)|
|Adjustments
for:||||
|Depreciation
charges||51,018|61,243|
|Decrease
in debtors||128,530|50,145|
|Increase in creditors||9,121|98,463|
|Net cash used In operating|activities|(404,528)|(99,719)|
|20.|Analysis ofcash and cash equivalents|||
|---|---|---|---|
|||2023
8|2022f|
||Cash in hand|37,024|25,816|
||Total cash and cash equivalents|37,024|25,816|
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|||At 1||At 31|
|---|---|---|---|---|
|||January||December|
|||2023|Cash flows|2023|
|||8||6|
|Cash|at bank and in hand|25,816|11,208|97,024|
|Debt|due within
1 year|(11,226)|(438,483)|(447,708)|
|Debt|due after 1 year|(31,666)|9,166|(22,500)|
|||(17,076)|(418,108)|(433,185)|
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