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2023-03-31-accounts

REFERENCE AND ADMINISTRATIVE INFORMATION	..
TRUSTEES' REPORT FOR THE YEAR ENDED 31MARCH 2023.....
STATEMENT OF TRUSTEES' RESPONSIBILITIES..
INDEPENDENT AUDITORS' REPORT..
STATEMENT OF FINANCIAL ACTIVITIES IINCLUDING	INCOME & EXPENDITURE
ACCOUNT) ..
BALANCE SHEET.
CASH FLOW STATEMENT .
NOTES TO THE CASH FLOW STATEMENT.
NOTES TO THE ACCOUNTS.

				Unrestricted	Designated	Restricted	2023	2022
				funds	funds	funds
			Notes	f	6	6
Income from:
Donations				82,521		30,557	113,078	230,333
Investment income				11,071			11,071	32,526
Charitable activities				173,369			173,369	136,712
Other trading income				6,742			6,742	6,393
Total income				273,703		30,557	304,260	405,964
Expenditure
Raising funds
Investment management		costs		154			154	24,754
Charitable activities
SKToperations				191,265			191,265	52,136
Enterprise hub				179,570			179,570	154,224
The Granville				173,223			173,223	150,714
Community engagement				54,387		24,345	78,732	58,853
Youth Provision				34,822			34,822	29,125
Employment				23,420			23,420	22,401
				656,687		24,345	681,032	467,455
Total expenditure				656,841		24,345	681,186	492,209
Net expenditure
before transfers				(383,138)		6,212	(376,926)	(86,245)
Transfers
Gross-transfers between		funds	14	357,197	(350,000)	(7,197)
Other recognised	gains	and
losses
Gain on investment	properties							90,950
Net (expenditure)	Iincome for the
period				(25,941)	(350,000)	(985)	(376,926)	4,705

					2023			2022
			Notes				E
Fixed assets
Tangible assets						5,844			7,094
						5,844			7,094
Current assets
Debtors			11	11,107			48,248
Investment			10				1,030,950
Cash at bank and	in hand			3,951,851			3,258,119
				3,962,958			4,337,317
Creditors: amounts		falling due within
one year				(57,126)			(55,809)
Net current assets						3,905,832		4,281,508
Total assets less	current liabilities					3,911,676		4,288,602
Funds
Restricted income	funds		13			113,937			114,922
Unrestdicted funds:
Designated funds						3,790,950		4,140,950
Other charitable funds						6,789			32,730
Total charity funds						3,911,676		4,288,602

						2023		2022
				Notes		f		f
Net cash	(outflow)/inflow	from operating
activities						(348,289)		(83,724)
Returns	on Investments	and	servicing of
finance
Interest received					11,071		1,326
Net cash	inflow from returns		on
investments and servicing offinance						11,071		1,326
Capital expenditure
Payments	to acquire tangible fixed assets						(4,133)
Proceeds	ofsale ofinvestment		properties		1,030,950
Net cash	inflow/(outflow)	from capital
expenditure						1,030,950		(4,133)
Increase/(decrease) in cash						693,732		(86,531)

a	Net cash (outflow)/inflow from operating	Net cash (outflow)/inflow from operating	activities for the period	activities for the period	2023 f	2022 f
	Changes in resources	before revaluations			(376,926)	(86,245)
	Interest receivable				(11,071)	(1,326)
	Depreciation oftangible fixed assets				1,250	1,319
	Movement in debtors				37,141	29,519
	Movement in creditors				1,317	(26,991)
					(348,289)	(83,724)
b	Reconciliation ofnet	cash flow to movement		in net funds	2023	2022
					f
	Increase/(decrease)	in cash			693,732	(86,531)
	Net funds at 1 April 2022				3,258,119	3,344,650
	Net funds at 31 March 2023				3,951,851	3,258,119

		Unrestricted	Designated	Restricted	Total	Total
		funds	funds	funds	2023	2022
		f	f	f	f	f
Donations		82,521			82,521	163,219
Grant income				30,557	30,557	27,795
Government	grant-
Coronavirus	Job Retention
Scheme						8,956
Kick Start Scheme						12,363
London Borough ofBrent
Restart Grant						18,000
		82,521		30,557	113,078	230,333

		Unrestricted	Designated	Restricted	Total	Total
		funds	funds	funds	2023	2022
		f	f	f	f
Rental	income					31,200
Interest	receivable	11,071			11,071	1,326
		11,071			11,071	32,526

Charitable	activities	Activities	Support costs	Total
		undertaken
		directly
		2023	2023	2023
SKT Operations		7,611	183,654	191,265
Enterprise	hub	34,176	145,394	179,570
The Granville		27,827	145,396	173,223
Community	engagement	15,957	62,775	78,732
Youth provision		18,282	16,540	34,822
Employment		2,552	20„868	23,420
		106,405	574,627	681,032
2022		108,563	358,892	467,455

				2023	2022
				6	6
Governance				28,801	20,503
Information	technology			17,920	24,338
Legal and professional			fees	128,594	22,472
Depreciation/loss		on disposal		1,250	1,319
Salaries				~398062	290326

Net incoming	resources for the year
		2023	2022
		f	f
Net incoming	resources for the year are stated aRer charging:
Depreciation		1,250	1,319
Auditors remuneration
-audit services		4,500	4,200

The average	monthly number ofemployees du ding t	he year was:
		2023	2022
		Number	Number
Management			3
Administration			1
Services (Ioperations			7
		15
Employment	costs	2023	2022
		f	f.
Wages and salaries		356,646	265,657
Social security	costs	26,293	13,012
Pension costs		15,123	11,658

9	Tangible fixed assets
		Fixtures &	Office	Total
		Fittings	Equipment
	Cost	f		f
	At 1 April 2022	3,688	6,929	10,617
	Additions
	Disposals
	At 31 March 2023	3,688	6,929	10,617
	Depreciation
	At 1 April 2022	1,423	2,100	3,523
	Charge forthe year	340	910	1,250
	Disposals
	At 31 March 2023	1,763	3,010	4,773
	Net book value
	At 31 March 2023	1,925	3,919	5,844
	At 31 March 2022	2,265	4,829	7,094

11	Debtors				2023	2022
					8	5
	Trade debtors				9,979	11,380
	Prepayments	and accrued income			1,128	36,868
					11,107	48,248
12	Creditors: amounts		falling due within one year		2023	2022
						E
	Trade creditors				19,506	5,205
	Other creditors				8,722	10,877
	Accruals and deferred			income	28,898	39,727
					57,126	55,809

17	Leasing agreements				2023	2022
	Minimum lease payments	under non-cancellattle	operating	leases fall due:	6	6
	Within one year					5,195
	Two to five years
	More than 5 years
						5,195