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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 07284076 (England and Wales) REGISTERED CHARITY NUMBER: 1137054

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

LEATHERHEAD START

Ellis Atkins Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA

LEATHERHEAD START

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Page
Chair's Report 1 to 2
Annual Statistics 3 to 4
Report of the Trustees 5 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Notes to the Financial Statements 11 to 16

LEATHERHEAD START

CHAIR'S REPORT FOR THE YEAR ENDED 31 MARCH 2023

LeatherHead Start is a direct access hostel providing short term accommodation to both men and women over the age of 18. All our clients have been through a period of trauma while being homeless and so have varying problems that need to be addressed, so that when they move on, they will be able to maintain their tenancy.

Our vision is "To improve the lives of homeless people and encourage them towards future independent living" In order to achieve our aim, we provide a 24/7 service.

During the reporting year we supported 36 clients. Of these, 27 clients left us during the year, of which 22 (81%) were planned move-ons to accommodation providing more independent living. The average length of stay for these clients with us was 16 weeks.

When clients arrive, they are booked in by our Client Services Co-ordinator (CSC). The CSC works regular daytime hours enabling the needs of each client to be assessed and addressed promptly. At the beginning of each day the CSC will draw up a list of actions and casework for that day and Support workers will work with the clients to ensure all are completed. We are aware that our client profile has become more demanding than in the past with many more of our clients having complex needs. Therefore, it is very important that we have full and accurate information from referral agencies, so we can best help clients as they arrive.

Move-on accommodation, which is largely shared accommodation, is made available by local longer-term supported housing providers such as Homegroup and Transform. Clients may also be eligible for the Housing Register and bid for their own tenancy in social housing. Occasionally clients obtain a tenancy in the private rented sector. When clients move on to an independent tenancy, we have our own Tenant Support Worker who will continue to give support if it is needed, it could be just for the first week or two, others will need support for longer. One or two may even return for brief support after many years of stability - our door is always open. During the reporting year our Tenant Support Worker has worked with 16 clients. Most of his work has been around ensuring clients are attending appointments, helping with benefits and finances, liaising with other agencies, and other such support. He has also responded throughout the year to occasional needs associated with tenants we have previously supported.

Staff

The Board greatly values the staff team and appreciates their willingness to reflect on their practice and how they strive to constantly improve.

This year members of the staff team received training in: -

The Garden Office is working well but plans to convert the vacated office in the main building are still in progress. This room does not have an ensuite bathroom which made it an inappropriate provision during the Covid period. We hope to go forward with a shared bathroom option (2 sharing) when the time is right. In this way, we will increase our capacity by 10% allowing us to accommodate poten tially at least a further 3 clients per year (assuming clients' average length of stay).

East Surrey Outreach Service - eSOS

We continue to work with eSOS which is a partnership of East Surrey Councils: Mole Valley, Reigate and Banstead, Epsom and Ewell and Tandridge working together for a homeless outreach service across East Surrey. These authorities fund the service which is currently run by Thames Reach, a London based charity working with the homeless. The aim is to reduce rough sleeping within the Districts and provide support and guidance to entrenched rough sleepers with complex needs as well as those facing homelessness for the first time. The outreach team have an office based in Redhill, and LeatherHead Start is supporting the service by providing two assessment beds ring-fenced for eSOS referrals only. We accommodated 9 clients in the eSOS beds this reporting year.

Page 1

LEATHERHEAD START

CHAIR'S REPORT FOR THE YEAR ENDED 31 MARCH 2023

Clients

We are here first and foremost for the clients and during their time with us we want to make it as positive an experience as it can be, so that they will move on with confidence and hope for the future. Below is a list of activities that have taken place during the reporting year

Life Skills - All clients are encouraged to take part.

Allotment - All clients are encouraged to take part.

Counselling - 8 clients

Gym - Half way through the year, we were able to negotiate free gym membership with Fusion Leisure Centre for our clients and many have taken advantage of this.

The weekly house meetings have continued and prove to be most valuable in discussing issues with clients in order that we, in consultation with their input, are able to develop the service. We have continued with the reward scheme which helps to motivate clients to attend activities. They are given their reward at the house meeting.

Volunteers

In all appropriate cases, volunteers have a DBS (Disclosure and Barring Service) check, before they start working with clients. We have a register of volunteers, some of whom provide us with evening meals when our Chef is away. We wish to thank them for their continued support.

Board

At our Board meeting we discuss reports from the Manager, and the Tenant Support Worker and reports covering our five aims from Board members. We also receive bi-annual reports from the Treasurer showing our income and expenditure, in order to ensure both that our activities remain within budget and that we maintain a sufficient level of reserves, so that we can maintain operations for a period, currently 12 months, in the event that major cuts are made to the funding we currently receive from public sector sources.We continue to have regular GDPR monitoring meetings.

Move-on-house - 3-bedroom house in North Leatherhead

During the reporting year we have accommodated two clients, both are working and are bidding for social housing. We have decided to continue, at present, to retain our Resident Volunteer who occupies the third room whilst studying full time. We will review this situation in due course. Various repairs and maintenance have taken place during the year. We have reviewed the running costs and they are within budget. The arrangements to receive housing benefit are running smoothly and there are no current arrears.

The Environment

Our energy supplier continues with a British renewable energy group specialising in sustainable energy. Our extension has a green roof which is maintained regularly. We have an allotment using organic practices to grow our own vegetables and some fruit, we add the office shredding to the compost heap, it is plastic free area

Serious Incidents

There have been no serious incidents in this reporting year to report at LeatherHead Start.

In conclusion we are fortunate to have such great support from our local community and LeatherHead Start wishes to thank all for their encouragement and help.

Myfanwy Tothill

Chair of the Board of LeatherHead Start

Page 2

LEATHERHEAD START

ANNUAL STATISTICS FOR THE YEAR ENDED 31 MARCH 2023

2022/23 2021/22 2020/21 2020/21
Service utilisation(occupancy rate) 94% 95% 89.%
The figures for referrals below include direct referrals from
potential clients to LHS as well as referrals from local
authorities. The drop in the number of referrals in 2022-23
compared to previous years is largely the result of a change in
practice which means most homelessness applications are now
made to the Housing Needs Team at Mole Valley District
Council (and the surrounding Local Authorities). Relatively
few applications are now made direct to LHS and it is this
reduction in direct referrals from potential clients which
accounts for the drop in numbers in 2022-23. It does not
reflect a reduction in the number of people becoming
homeless in this area.
Referrals
Number of residents at start of year 10 9 8
Number of referrals 90 208 232
Number turned away 64 199 186
Number accepted 26 36 46
Total number accommodated in year 36 45 54
Source of referrals
Mole Valley 34 (38%) 95 (46%) 114 (50%)
Epsom & Ewell 5 (6%) 25 (12%) 27 (12%)
Other Surrey 21 (23%) 72 (35%) 54 (24%)
Outside Surrey 20 (22%) 16 (7%) 34 (15%)
Unknown 10 (11%) 0 0
Grand Total 90 208 229
Average stay in weeks
Clients who moved on 13.3 11 10.7
Clients remaining 25.5 14.8 7.3
Gender
Male 28 (78%) 39 (87%) 45 (83%)
Female 8 (22%) 6 (13%) 9 (17%)
Age profile
18-25 5 10 9
26-34 9 9 15
35-50 9 13 19
51-60 10 9 10
61-70 3 2 0
70+ 0 2 1
continued...

Page 3

LEATHERHEAD START

ANNUAL STATISTICS FOR THE YEAR ENDED 31 MARCH 2023

2022/23 2021/22 2020/21
Client support needs
Alcohol 42% 33% 39%
Drugs 39% 31% 43%
Psychiatric 78% 71% 77%
Learning difficulties 14% 9% 16%
Offending 39% 45% 45%
Complex needs 83% 65% 61%
Client outcomes
Employment 19% 13% 23%
Access to healthcare services 94% 98% 96%
Housing outcome - total moved on 27 34 45
Plannedmove-on (no. and %) 22 (81%) 23 (66%) 37 (82%)
Supported housing 9 (33%) 15 (42%) 19
Local authority/Housing Trust (social housing) 4 (15%) 3 (8%) 8
Private Rented Sector 9 (33%) 5 (14%) 7
LHS Move-on house 0 0 1
Friends and Family 0 0 2
Unplannedmove-on (no. and %) 5 (19%) 12(34%) 8 (18%)
Notice to leave (no move-on accommodation available) 0 1 0
Abandonment 2 2 3
Eviction 3 3 2
Hospital 0 2 2
Custody 0 3 1
Death 0 1 0

Page 4

LEATHERHEAD START (REGISTERED NUMBER: 07284076)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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

Objectives and aims

The objective of LeatherHead Start is to provide relief to those in necessitous circumstances in the Mole Valley district and in particular by the provision of temporary hostel accommodation and related services.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Details of the Charity's activities and achievement for the period are given in the Chair's Report and Annual Statistics.

FINANCIAL REVIEW

Public benefit

LeatherHead Start aims to improve the lives of homeless people in the Mole Valley and encourage them towards future independent living. The Board confirm that they have complied with the Charities Act 2011 and the Charities Commission guidance on Public Benefit.

All members of the Board give their time voluntarily.

Financial review

The Charity made a deficit for the year of £62,060 (2022: deficit of £14,852). We have maintained our reserves policy in order to sustain the organisation in case of possible future reductions in funding.

Reserves policy

LeatherHead Start needs to maintain sufficient funds to cover future uncertainties. Whilst we know that we are delivering a first class and essential service, there is downward pressure on public spending and this is unlikely to abate soon. Our annual running costs are around £300,000, so any further reduction in the public funding we receive would quickly eat into our reserves. Our intention therefore is to maintain sufficient readily accessible funds in reserve in order to allow Leatherhead Start to continue delivering services for homeless people for at least 12 months even if reductions in public funding became a serious problem.

The trustees have designated funds equal to the net book value of fixed assets of the charity to better identify and manage the funds that are readily available. The total funds of the charity at 31 March 2023 were £639,807 of which £362,053 are unrestricted 'free' reserves.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a company limited by guarantee and its governing document is its Memorandum and Articles of Association as amended on 28 April 2011.

The Board

LeatherHead Start is managed by the Board, who are also the charity's trustees, which comprises up to 12 members elected at annual general meetings. Members of the Board receive no remuneration. The Board is responsible for raising funds, appointing project workers and incurring expenditure to ensure that the charity achieves its objectives. The Board sets policies, including health and safety, equal opportunities and financial control, and oversees their implementation by the Manager and staff.

Recruitment, appointment and training of new trustees

Existing trustees invite potential new trustees to join having regard to the relevance of their experience to the work of the charity. The Board regularly consider the skills base of the existing members and consider the training needs of old and new members.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07284076 (England and Wales)

Page 5

LEATHERHEAD START (REGISTERED NUMBER: 07284076)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Registered Charity number 1137054

Registered office

3 Church Road Leatherhead Surrey KT22 8AT

Trustees

Brian Edwards Myfanwy Tothill Clive Weeks Colin Petter June Barber

Company Secretary

Clive Weeks

Independent Examiner

Philip Longstaff FCA Ellis Atkins Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA

Approved by order of the board of trustees on 9 October 2023 and signed on its behalf by:

Clive Weeks - Secretary

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEATHERHEAD START

Independent examiner's report to the trustees of LeatherHead Start ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees of the 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 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 2011 ('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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts 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

  4. the accounts have not been prepared in accordance 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 accounts to be reached.

Philip Longstaff FCA The Institute of Chartered Accountants in England and Wales

Ellis Atkins Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA

9 October 2023

Page 7

LEATHERHEAD START

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
42,056
Charitable activities
4
Accommodation and support services
247,032
Investment income
3
2,123
Total
291,211
EXPENDITURE ON
Charitable activities
5
Accommodation and support services
353,271
NET INCOME/(EXPENDITURE)
(62,060)
RECONCILIATION OF FUNDS
Total funds brought forward
701,867
TOTAL FUNDS CARRIED FORWARD
639,807		 Restricted
funds
£
-
-
-
-
-
-
-
-		 31/3/23
31/3/22
Total
Total
funds
funds
£
£
42,056
69,402
247,032
242,934
2,123
2,137
291,211
314,473
353,271
329,325
(62,060)
(14,852)
701,867
716,719
639,807
701,867

The notes form part of these financial statements

Page 8

LEATHERHEAD START (REGISTERED NUMBER: 07284076)

BALANCE SHEET 31 MARCH 2023

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
11
277,754
CURRENT ASSETS
Cash at bank and in hand
374,937
CREDITORS
Amounts falling due within one year
12
(12,884)
NET CURRENT ASSETS
362,053
TOTAL ASSETS LESS CURRENT LIABILITIES
639,807
NET ASSETS
639,807
FUNDS
13
Unrestricted funds:
General fund
Designated funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
-
-
-		 31/3/23
Total
funds
£
277,754
374,937
(12,884)
362,053
639,807
639,807
362,053
277,754
639,807
639,807		 31/3/22
Total
funds
£
290,552
426,728
(15,413)
411,315
701,867
701,867
411,315
290,552
701,867
701,867

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 9

LEATHERHEAD START (REGISTERED NUMBER: 07284076)

BALANCE SHEET - continued 31 MARCH 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 9 October 2023 and were signed on its behalf by:

Myfanwy Tothill - Trustee

Clive Weeks - Trustee

The notes form part of these financial statements

Page 10

LEATHERHEAD START

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income and grants

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Grants are recognised when the entitlement to the grant is confirmed. Revenue based grants are recognised in the period in which the related costs are incurred.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs

Governance costs are those incurred in relation to the administration of the charity and compliance with constitutional and statutory requirements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost Leasehold improvements - 20% on cost Equipment - between 10% and 50% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 11

LEATHERHEAD START

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

2.
DONATIONS AND LEGACIES
Legacies
Churches
Friends
Other donations
Grants
Giftaid
3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Residents (SCC Housing
Related Support)
Accommodation and support services
Rental income
Accommodation and support services
Move-on house rental
Accommodation and support services
5.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Accommodation and support services
329,652		 31/3/23
£
-
3,977
6,833
29,624
-
1,622
42,056
31/3/23
£
2,123
31/3/23
£
125,759
110,368
10,905
247,032
Support
costs (see
note 6)
£
23,619		 31/3/22
£
26,000
8,691
15,099
13,108
6,504
-
69,402
31/3/22
£
2,137
31/3/22
£
117,737
113,847
11,350
242,934
Totals
£
353,271

continued...

Page 12

LEATHERHEAD START

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

6. SUPPORT COSTS

Management
£
Accommodation and support services
22,376
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Independent Examiner's fee
Independent Examiner's fee - Other services		 Governance
Finance
costs
Totals
£
£
£
593
650
23,619
31/3/23
31/3/22
£
£
14,244
13,763
650
650
2,839
2,999		 Totals
£
23,619

7. NET INCOME/(EXPENDITURE)

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

9.

STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Average number of employees		 31/3/23
£
234,044
12,893
4,350
251,287
31/3/23
17		 31/3/22
£
215,659
11,210
3,947
230,816
31/3/22
17

No employees received employee benefits in excess of £60,000.

The trustees consider the aggregate employment benefits of the key management personnel for both 2023 and 2022 to be nil.

continued...

Page 13

LEATHERHEAD START

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

11.

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Accommodation and support services
Investment income
Total
EXPENDITURE ON
Charitable activities
Accommodation and support services
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
TANGIBLE FIXED ASSETS
Freehold
Leasehold
property
improvements
£
£
COST
At 1 April 2022
311,384
91,925
Additions
-
-
At 31 March 2023
311,384
91,925
DEPRECIATION
At 1 April 2022
49,824
91,924
Charge for year
6,228
-
At 31 March 2023
56,052
91,924
NET BOOK VALUE
At 31 March 2023
255,332
1
At 31 March 2022
261,560
1		 Unrestricted
Restricted
funds
funds
£
£
69,402
-
242,934
-
2,137
-
314,473
-
329,325
-
(14,852)
-
716,719
-
701,867
-
Garden
Office
Equipment
£
£
27,959
14,219
-
1,446
27,959
15,665
5,590
7,597
2,795
5,221
8,385
12,818
19,574
2,847
22,369
6,622		 Total
funds
£
69,402
242,934
2,137
314,473
329,325
(14,852)
716,719
701,867
Totals
£
445,487
1,446
446,933
154,935
14,244
169,179
277,754
290,552

continued...

Page 14

LEATHERHEAD START

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/23 31/3/22
£ £
Social security and other taxes 3,525 5,333
Accruals and deferred income 9,359 10,080
12,884 15,413

13. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted funds
General fund
Designated funds
TOTAL FUNDS		 At 1.4.22
£
411,315
290,552
701,867
701,867		 Net
movement
in funds
£
(47,816)
(14,244)
(62,060)
(62,060)		 Transfers
between
funds
£
(1,446)
1,446
-
-		 At
31.3.23
£
362,053
277,754
639,807
639,807

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated funds
TOTAL FUNDS		 Incoming
resources
£
291,211
-
291,211
291,211		 Resources
Movement
expended
in funds
£
£
(339,027)
(47,816
(14,244)
(14,244
(353,271)
(62,060
(353,271)
(62,060		 Resources
Movement
expended
in funds
£
£
(339,027)
(47,816
(14,244)
(14,244
(353,271)
(62,060
(353,271)
(62,060
(62,060
(62,060

Comparatives for movement in funds

Unrestricted funds
General fund
Designated funds
TOTAL FUNDS		 At 1.4.21
£
418,053
298,666
716,719
716,719		 Net
movement
in funds
£
(1,089)
(13,763)
(14,852)
(14,852)		 Transfers
between
funds
£
(5,649)
5,649
-
-		 At
31.3.22
£
411,315
290,552
701,867
701,867

Page 15

continued...

LEATHERHEAD START

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated funds
TOTAL FUNDS		 Incoming
resources
£
314,473
-
314,473
314,473		 Resources
Movement
expended
in funds
£
£
(315,562)
(1,089)
(13,763)
(13,763)
(329,325)
(14,852)
(329,325)
(14,852)

The designated fund is equal to the net book value of the fixed assets of the charity. These funds have been separated in to a designated fund to better identify and manage the funds that are readily available for use to meet the charity's objects.

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

15. PROFESSIONAL FEES

Ellis Atkins, Chartered Accountants, waived 50% of their fees relating to the Independent Examination of the accounts for the year to 31 March 2023.

Page 16