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2023-05-31-accounts

Hope Housing (Bradford) LTD

Charity number 1132349

A company limited by guarantee number 06911577

Annual Report and Financial Statements

for the year ended 31 May 2023

Hope Housing (Bradford) LTD

Annual Report and Financial Statements

for the year ended 31 May 2023

Contents Page
Trustees' report 2 to 5
Examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the accounts 9 to 16

Prepared by West Yorkshire Community Accountancy Service CIO

1

Hope Housing (Bradford) LTD

Trustees' report for the year ended 31 May 2023

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Lara Oyedele Chair James Clayton Secretary Priya Patel Helen Hack Nadine Osuji Sarah Walters Yvonne Falowo Charity number 1132349 Registered in England and Wales Company number 06911577 Registered in England and Wales

Registered and principal address Bankers Millside House The Co-operative bank 131 Grattan Road 6 Tyrrel Street Bradford Bradford BD1 2HS BD1 1RJ

Independent examiner

Simon Bostrom FCIE West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is a company limited by guarantee and was formed on 20 May 2009. It is governed by a memorandum and articles of association as amended by special resolution on 18 October 2010 and further amended on 21 January 2018 and 5 March 2021. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £10.

Method of recruitment and appointment of trustees

The members of the charity may by ordinary resolution appoint a person who is willing to act as a trustee. Appointments to the board must always be made such that a majority of members will hold a Christian faith.

2

Hope Housing (Bradford) LTD

Trustees' report (continued) for the year ended 31 May 2023

Objectives and activities

The charity's objects

To reduce homelessness in such ways as maybe thought fit within the context of Christian values and practice, based on the biblical mandate to love our neighbour as ourselves;

To support, advise and accommodate the homeless and inadequately housed in partnership with local churches and other organisations and individuals as the trustees from time to time may think fit;

To fulfil other purposes which are exclusively charitable according to the law of England and Wales that are connected with the charitable work of the charity;

The charity's main activities

Our work with people experiencing homelessness in Bradford has continued to comprise a range of activities as follows:

Providing advice, support and advocacy for people experiencing, or at risk of experiencing, homelessness including those who are destitute (having no recourse to benefits and other public funds).

Providing supported accommodation for those who are homeless through our supported tenancies in our properties across Bradford and also through our hosting scheme.

Providing recovery focussed support for those clients who are homeless and also experiencing substance misuse and mental and physical health problems.

Developing and working with a wide range of partnerships with statutory and voluntary services and churches to support our clients.

Providing opportunities and training for volunteers to enable them to contribute to support of our clients.

We continue to receive referrals from hostels, police, Bradford day shelter providers, drug and alcohol services, outreach and probation workers. We believe it is a great privilege to help people experiencing homelessness by providing hope where they often feel there is no hope. We are extremely well respected across the Bradford District and have an excellent track record of effective delivery and partnership working.

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit published by the Charity Commission.

Achievements and performance

Over the past year, the charity has seen many changes and also consolidated its position in readiness to progress further. Phil Marshall took over as CEO in January 2023 from Laith Sweiss who had held the position for an interim period since the resignation of Helen Syrup in May 2023.

During the last year the charity’s portfolio of bed spaces has stayed the same at 57. However, we have disposed of 12 bed spaces in 10 properties that we deemed not suitable. We had reviewed the environment we offer our clients. We gave 3 bed spaces back to the Salvation Army’s hostel in Bradford which they had generously donated for the use of 3 destitute clients. For the bed space portfolio to stay the same we have taken on 15 bed spaces which are located in properties that are more suitable for our clients’ needs. We still need to dispose of a couple of bed spaces but we have bed spaces in the pipeline to replace these. We will then look to increase our portfolio with good quality accommodation in the coming financial year.

We have also been focusing on the support we offer to our clients. We implemented new support plans which are put together with each client and are reviewed every 3 months. This ensures that there is always a plan of support for each of our clients and ultimately a road map as to how they can overcome the problems that contributed to them being homeless and vulnerable when they came to us.

This year has also seen the implementation of our new CRM system – Inform. This is a sector standard CRM system. As well as the standard record keeping, we will be able to monitor the progress and goals of all our clients more closely. Additionally, it will give us reports and statistics literally at a touch of a button.

3

Hope Housing (Bradford) LTD

Trustees' report (continued) for the year ended 31 May 2023

Achievements and performance continued

Over the year we have provided accommodation for and supported 130 clients. This is lower than previous years as any outreach work, we do has not been included in this figure. Although we do not officially do any outreach work, we have unofficially supported many people with food provision, advice and signposting to other organisations.

Many of the clients we have supported have been able to move on into their own accommodation. Although this is becoming increasingly more difficult due to the current economic climate and lack of affordable housing. Some have gone into rehabilitation centre’s. Others have moved to other areas of the country and some have gained FT employment and no longer need our accommodation or support. This includes two former clientsone is now employed with Hope Housing and another has contract work with Hope Housing.

It is unfortunately not all positive and some of our clients move on or leave our properties without being able to transform their lives. We pray that another organisation will be able to help and support them. We do also sadly have to report that due to ill health or the evil of addictions two clients have passed away during the last year. This is a realistic consequence of homelessness and all the chaos that it brings. That is why our work is so important.

We have had a number of staff changes throughout the year. However’ we now have a settled team that is able to offer effective support to our clients. Just as important as we grow, we also have a solid back-office team that can in turn support the frontline staff. It is a priority of the trustees to offer our staff both security and personal wellbeing whilst they take on the massive challenge of supporting our clients and transforming lives.

We have recently received a large grant from the National Lottery which will fund the position of a community connector for the next three years. This will enable our clients to connect with the wider community through voluntary roles, paid jobs and pioneering work to implement in house projects which will hopefully lead to social enterprises in the future.

We have also received funding from York university to partner with them as they embark on a large research programme into criminality behaviour amongst landlords. We have been chosen so that we can build relationships and trust with our clients which will in turn feed into the research. This partnership will fund the work of a support worker for two years.

In addition to the above, we are in the process of purchasing the Millside House where our offices are based. When we are successful, we will also take on the running of the Millside Community Centre which will enable us to provide unrivalled support for our client base and others within the City of Bradford.

It is important to be able to offer accommodation to those that are homeless so that they can stay warm and safe. It is equally important to transform the lives of those we accommodate so that they can be the person that God and they themselves want to be. It is likely that our work will never be done. However, it is our hope and belief that we will, over the next year, transform the lives of many who see no hope, so that they can see a future that will bring them self-worth and dignity and, help others in our society.

Financial review

The net expenditure for the year was £100,543, including net expenditure of £9,444 on unrestricted funds and net expenditure of £91,099 on restricted funds after transfers.

The principal sources of funding are grants from the local authority and charitable foundations, donations from individuals and rental income and service charges in relation to the properties utilised by the charity for furthering its objects.

Reserves policy

The Trustees have established as a matter of policy that the aim of the charity is to have reserves that represent three months operating costs of the charity. Budgeted expenditure for the year 31 May 2024 is approximately £760,000 which would require a minimum reserve of £190,000.

The charity's free reserves, excluding fixed assets, at the year end were £157,378.

4

Hope Housing (Bradford) LTD

Trustees' report (continued) for the year ended 31 May 2023

Statement of trustees' responsibilities

The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.

Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;

observe the methods and principles in the Charities SORP;

make judgements and estimates that are reasonable and prudent;

state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.

Approved by the board of trustees on 16/01/2024

Lara Oyedele (Trustee)

5

Hope Housing (Bradford) LTD

Independent examiner's report to the trustees of Hope Housing

(Bradford) LTD

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 May 2023, which are set out on pages 7 to 16.

Responsibilities and basis of report

As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charitable company 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 your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 accounts to be reached.

Simon Bostrom FCIE

29/01/2024

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

6

Hope Housing (Bradford) LTD

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 May 2023

Notes
2023
Unrestricted
funds
£
Income from:
Donations and legacies
(2)
38,018
Charitable activities
(3)
324,931
Other income
7,202
Bank interest
578
Total income
370,729
Expenditure on:
Charitable activities
(4)
380,173
Total expenditure
380,173
Net income / (expenditure)
(9,444)
Fund balances brought forward
237,389
Fund balances carried forward
(5)
227,945		 2023
Restricted
funds
£
108,642
-
-
-
108,642
199,741
199,741
(91,099)
136,709
45,610		 2023
Total
funds
£
146,660
324,931
7,202
578
479,371
579,914
579,914
(100,543)
374,098
273,555		 2022
Total
funds
£
385,779
293,179
11,370
33
690,361
531,172
531,172
159,189
214,909
374,098

All incoming resources and resources expended derive from continuing activities.

7

Hope Housing (Bradford) LTD

Balance sheet

as at 31 May 2023
2023
Unrestricted
£
Fixed assets
Tangible assets
(6)
70,567
Total fixed assets
70,567
Current assets
Debtors and prepayments
(7)
33,891
Cash at bank and in hand
(8)
123,487
Total current assets
157,378
Current liabilities:
amounts falling due within one year
Creditors and accruals
(9)
-
Total current liabilities
-
Net current assets / (liabilities)
157,378
Net assets
227,945
Funds
Unrestricted funds
227,945
Restricted funds
-
Total funds
227,945		 2023
Restricted
£
-
-
-
47,128
47,128
1,518
1,518
45,610
45,610
-
45,610
45,610		 2023
Total
£
70,567
70,567
33,891
170,615
204,506
1,518
1,518
202,988
273,555
227,945
45,610
273,555		 2022
Total
£
73,256
73,256
39,240
271,804
311,044
10,202
10,202
300,842
374,098
237,389
136,709
374,098

For the year ending 31 May 2023 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).

The financial statements were approved by the board of trustees on 16/01/2024

Lara Oyedele (Trustee)

8

Hope Housing (Bradford) LTD

Notes to the accounts

for the year ended 31 May 2023

1 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Donated goods for resale are valued at the amount actually realised upon their sale.

Donated assets, facilities or services are valued at their estimated value to the charity. This is the price that the charity estimates it would pay in the open market for equivalent items; or services and facilities of equivalent utility to the charity.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Tangible fixed assets

Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Leashold property: over the life of the lease or 50 years, whichever is the shorter. Project and office equipment: over 4 years

Pensions

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

9

Hope Housing (Bradford) LTD

Notes to the accounts

for the year ended 31 May 2023

1 Accounting policies continued

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Leases

Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.

10

Hope Housing (Bradford) LTD

Notes to the accounts continued

for the year ended 31 May 2023

2 Donations and legacies
ACTS 435
Albert Hunt Trust
Bishop Radford Fund
Deli Fresh
Garfield Weston Foundation
Housing Benefit Income
Lloyds Bank Foundation
Lloyds Bank Foundation
Margarets Fund
Sir George Martin Trust
Sovereign Healthcare
The Church Urban Fund (Positive Pathways)
The Morrisons Foundation
Archer Trust
CBMDC Immigration and Asylum Unit
Charles & Elsie Sykes Trust
City of Bradford Met. Dist. Council (CBMDC)
National Lottery Awards for All
Safer Communities Fund WYPCC
The Spooner Trust
Vicars Relief Fund (St Martins in the Fields)
Winter Transformation
Other restricted donations
Other donations inc gift aid
3 Charitable activities income
Rent and service charges		 2023
Unrestricted
funds
£
-
-
-
14,142
-
-
-
2,250
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
21,626
38,018
2023
Unrestricted
funds
£
324,931
324,931		 2023
Restricted
funds
£
2,728
7,000
2,000
375
10,000
2,089
25,000
-
250
5,000
5,000
20,808
23,640
-
-
-
-
-
-
-
-
-
4,752
-
108,642
2023
Restricted
funds
£
-
-		 2023
Total
funds
£
2,728
7,000
2,000
14,517
10,000
2,089
25,000
2,250
250
5,000
5,000
20,808
23,640
-
-
-
-
-
-
-
-
-
4,752
21,626
146,660
2023
Total
funds
£
324,931
324,931		 2022
Total
funds
£
11,441
5,000
-
-
10,000
-
25,000
-
-
-
-
30,400
-
3,000
6,020
2,500
183,485
21,500
5,980
1,000
2,339
50,000
-
28,114
385,779
2022
Total
funds
£
293,179
293,179

11

Hope Housing (Bradford) LTD

Notes to the accounts continued

for the year ended 31 May 2023

4 Charitable activities expenditure
Salaries NI and pensions
4a
Staff travel
Volunteer expenses
Training
Beneficiaries housing support costs
Beneficiaries subsistence costs
Office and administration
Phone and postage
Insurance
Payroll, HR and recruitment
Legal, professional and consultancy
Office rent and room hire
Repairs and renewals
Independent examination
Fundraising costs
Trips, events and activities
Depreciation
Grants repayable
Bad debts
4a
Staff costs and numbers
Gross salaries
Social security costs
NI allowance
Pensions		 2023
Unrestricted
funds
£
88,774
2,478
6
1,843
211,373
1,647
6,703
1,175
2,854
2,674
10,080
8,240
21,809
-
307
687
4,682
-
14,841
380,173		 2023
Restricted
funds
£
143,164
2,480
-
-
37,962
7,825
96
395
-
-
728
84
3,080
1,518
-
-
-
2,409
-
199,741		 2023
Total
funds
£
231,938
4,958
6
1,843
249,335
9,472
6,799
1,570
2,854
2,674
10,808
8,324
24,889
1,518
307
687
4,682
2,409
14,841
579,914
2023
£
213,705
17,496
(5,140)
5,877
231,938		 2022
Total
funds
£
215,994
3,981
90
1,366
210,098
24,731
9,092
1,897
2,394
1,203
1,314
9,289
18,831
1,440
10,063
309
4,186
4,714
10,180
531,172
2022
£
200,185
15,541
(4,296)
4,564
215,994

The average number of employees during the year was 11.1, being an average of 9.4 full time equivalent (2022: 10.7, 8.6 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme 2023 2022
£ £
Costs of the scheme to the charity for the year 5,877 4,564
Amount of any contributions outstanding at the year end - -
Amount of any contributions prepaid at the year end - -

12

Hope Housing (Bradford) LTD

Notes to the accounts continued

for the year ended 31 May 2023

5 Restricted funds
ACTS 435
Albert Hunt Trust
Albert Hunt Trust
Archer Trust
BMDC Seed Fund
Garfield Weston
Garfield Weston
Donations for IT system
Kickstart
Lloyds 2021-2023
Awards for All 21-22
Lottery Social Enterprise Fund
Margaret's Fund
Millside Building Fund
Morrisons Foundation
Church Urban Fund
Safer Communities Fund
Sir George Martin Trust
Sovereign Healthcare
Spooner Trust
Emergency sleeping pod
Donation for legal fees
Immigration and Asylum Unit		 Balance b/f
£
2,409
1,736
-
3,000
102,163
1,047
-
-
248
-
1,212
11,500
-
-
-
3,631
5,980
-
-
1,000
43
2,500
240
136,709		 Incoming
£
2,728
-
7,000
-
-
-
10,000
3,095
2,089
25,000
-
-
250
4,032
23,640
20,808
-
5,000
5,000
-
-
-
-
108,642		 Outgoing
£
4,546
1,736
7,000
3,000
98,781
1,047
10,000
-
2,337
25,000
1,212
11,500
250
-
-
18,937
5,980
614
5,000
1,000
43
1,518
240
199,741		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance c/f
£
591
-
-
-
3,382
-
-
3,095
-
-
-
-
-
4,032
23,640
5,502
-
4,386
-
-
-
982
-
45,610

Fund name

ACTS 435 Albert Hunt Trust Albert Hunt Trust Archer Trust BMDC Seed Fund

Garfield Weston Garfield Weston Donations for IT system Kickstart Lloyds 2021-2023 Awards for All 21-22

Lottery Social Enterprise Fund Margaret's Fund Millside Building Fund Morrisons Foundation

Church Urban Fund Safer Communities Fund

Purpose of restriction

Towards client support costs. Towards core costs. Towards core costs. Towards core costs.

Two Migrant Support Workers and costs associated with destitution and EEA migrant work including property costs for destitute accommodation. Towards the operational costs of the charity. Towards the operational costs of the charity.

Donations from Bishop Radford fund and individuals towards IT licences. Towards employment costs.

Towards core costs.

Volunteer Manager costs and a contribution towards support worker salaries for trips and social activities with clients.

Towards salaries, professional and legal fees. Towards the purchase of a laptop computer.

Donations from various people towards the purchase of the Millside Centre. Towards the cost of converting a room at the Millside Community Centre into a temporary accommodation flat. Towards Positive Pathways Worker costs.

Support Worker costs, destitute client costs and emergency accommodation costs.

13

Notes to the accounts continued

Hope Housing (Bradford) LTD

for the year ended 31 May 2023

5 Restricted funds continued

Fund name

Sir George Martin Trust Sovereign Healthcare Spooner Trust Emergency sleeping pod

Donation for legal fees Immigration and Asylum Unit

Purpose of restriction

Towards starter packs and Millside centre costs. Towards core costs.

Towards core costs.

Donations towards the purchase of an emergency sleeping pod situated at St Stephen's Church. The transfer relates to the purchase of fixed assets available for the general purposes of the charity. Donations towards the cost of legal fees. Towards beneficiary support costs.

6
7
**8 **		 Tangible assets
Cost
At 1 June 2022
Additions
At 31 May 2023
Depreciation
At 1 June 2022
Charge for year
At 31 May 2023
Net book value
At 31 May 2023
At 31 May 2022
Debtors and prepayments
Debtors
Prepayments
Accrued income
Other debtors
Cash at bank and in hand
Cash at bank
Cash in hand		 £
69,609
-
69,609
2,538
1,092
3,630
65,979
67,071
Leasehold
property		 £
12,368
1,993
14,361
6,183
3,590
9,773
4,588
6,185
2023
£
32,426
-
-
1,465
33,891
2023
£
170,171
444
170,615
Project and
office
i
t		 Total
£
81,977
1,993
83,970
8,721
4,682
13,403
70,567
73,256
2022
£
25,223
750
11,717
1,550
39,240
2022
£
271,411
393
271,804

14

Hope Housing (Bradford) LTD

Notes to the accounts continued

for the year ended 31 May 2023

9 Creditors and accruals
Creditors
Accruals
Taxation and social security
Other creditors		 2023
£
-
1,518
-
-
1,518		 2022
£
960
1,625
4,984
2,633
10,202

10 Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

Remuneration and benefits received by key management personnel

The total employee benefits received by key management personnel were £34,274 (previous year: £22,454).

11 Operating leases
Within one year
In the second to fifth years inclusive
Over five years from the balance sheet date
Expected future minimum lease payments over the remaining life of the
lease, analysed into the period in which the commitment falls due:		 2023
£
137,224
168,757
-
305,980		 2022
£
111,837
119,180
-
231,017

15

Hope Housing (Bradford) LTD

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 May 2023

2023
2022
Unrestricted Unrestricted
funds
funds
£
£
Income
Donations and legacies
38,018
28,114
Charitable activities
324,931
293,179
Other income
7,202
11,010
Bank interest
578
33
Total income
370,729
332,336
Expenditure
Charitable activities
380,173
292,711
Total expenditure
380,173
292,711
Net income / (expenditure)
(9,444)
39,625
Transfers between funds
-
685
Net movement in funds
(9,444)
40,310
Fund balances brought forward
237,389
197,079
Fund balances carried forward
227,945
237,389		 2023
Restricted
funds
£
108,642
-
-
-
108,642
199,741
199,741
(91,099)
-
(91,099)
136,709
45,610		 2022
Restricted
funds
£
357,665
-
360
-
358,025
238,461
238,461
119,564
(685)
118,879
17,830
136,709		 2023
Total
funds
£
146,660
324,931
7,202
578
479,371
579,914
579,914
(100,543)
-
(100,543)
374,098
273,555		 2022
Total
funds
£
385,779
293,179
11,370
33
690,361
531,172
531,172
159,189
-
159,189
214,909
374,098

16