OpenCharities

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2023-03-31-accounts

CONTENTS
Page
Company lnformation 1
Directors' Report 24
lndependent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Cashflow Statement I
Notesto the Accounts 9-11

Total Total
Unrestricted Restricted Funds Funds
Note Funds Funds 2023 2022
ft t
lncomefrom:
Donationsandlegacies 59,305 166,000 225.305 173 134
Totallncome and Endowments 59,305 166,000 225,305 173 134
Expenditure on
Raisingfunds 4a 222 222 885
Charitable activities 4b,4c 62,970 153,498 216,468 164,741
Other 4d 986 986 911
TotalExpenditure 64,178 153,498 217,676 166,537
Netlncome/(Expenditure) for the Year (4,873) 12,502 7,629 6,597
Fund balancesat 1April2022 I 54,606 26,881 81,486 74,889
Fund balancesat3lMarch2023 49,733 39,382 89,115 81,486

Note UnrestrictedRestricted UnrestrictedRestricted
Funds
Funds
2023 2022
tt t
CURRENT ASSETS
Debtors 6 989 - 989 46
Cash at bank 7 65.306 39.382 104,688 92.205
66,294 39,382 105,676 92,251
CURRENT LIABILITIES
Liabilities fallingduewithinoneyear 16,561
-
16,561 10,765
NetCurrent Assets 49.733 39,382 89,115 81.486
NET ASSETS 49,733 39,382 89,115 81,48&
FUND BALANCES
Unrestricted funds
General Funds 49,733 - 49,733 54,606
Restricted Funds 39,382 39,382 26,881
49,733 39,382 89,115 81,486

2023 2022
f t
Netincamefortheyear(aspertheStatement
of Financial Activitiespage6) 7,629 6,597
Adjustmentsfor:
(increase)/decreaseindebtors 943 69
increase/(decrease)in creditors 5,796 8.684
Nef cashprovided by operatingactivities 12,483 15,350
Cash atthebeginning of thefinancialyear 92,205 76,855
Cash atthe end of thefinancialyear 104,688 92,205

Thecharigisa public benefitentitywhich seeks
to support local hornelesspeople to support local hornelesspeople .
Voluntaryincome UnrestrictedRestricted
Funds
Funds
Total
2423
Total
2022
LL + L
Homeless Link 8S,630
Department for Levelling Up, Housing&
Communities - 1c6,CI00 10s,000
illationai Lottery ComrnunityFund
London BoroughofWalthamForest
-
18,272
60,000 60,000
18,27?
11,325
London Oommunity Foundation 10,000 'x0,00s
$tMary Waltharnstow 7,392 7,392
Red Loft
$tJohns, BuckhurstHill
AilSaints, Highams Park
5,000
41)4
J,EJQ
5,000
1,321
6,24A
1,506
HousinEJustice - 39,192
Aviva Comrnunity Fund (Crowdfunder) - 12,261
AvivaGlobal - 5,000
Corner*toneChurch - 1,250
General donations
Tax recoverable
10,834
4''t4
59,305166,000
10,834
1,231
225,305
14,279

1,443
173J34

FORTI.IEYEAR EI{DED31MARCFI2 023
4 Reeources Expended
UnrestrlctedRestricted Total Total
Funds Funds zuzs 2$22
FaE"a f t
Fundraising costs aaA
ZZl
s85
Dlrect CharitableCosts
Gross pay(incAgencystaffJ 25$ Qt tna 85,553 86,592
EmployersNIC 3,V21 a721 1,E96
Employers Pension Contribution 1,995 1,995 1,615
Equiprnent & Laundry 188
l-lotelAccommodation 47,451 3V,vO3 147,416 69,281
DayCentre 7.445 7,445
ftloving on costs 2,513 2,513 1,1S6
Food 55,6CI2't53,498
456
209JAA
456
1S0,988
ztv
Supp*rt&Admlnistratiom f L
Payroll 562 562 754
tonsun'lableitems 429 429 80
lnsurance
Suppcrt costs
5,317
1,060

-
1,S6CI
5,517
1,056
1,863
7,368 7,368 3,753
Combinedcharitableactivitycost 62,970 153.498 216,468 164.741
Governamce
Governance {subscriptions to otherbodies) 786 786 741
lndependent Examination 200 /.vu 2AA
ofiA 986 444
5 $taff&Trustces
2423
c
2A?2f
Gross wages, salaries & benefits inkind 85,553 s6,592
Employer's National lnsurance costs J,tz.I 1,S96
Pensioncast* 1.S$5 x,615
Total staff costs w,274 s0.104

FOR THE YHAR Er\iDED 31MA RCI{2023
2423 2*22
Currentassets
Other Debtors s8s 46
s8g 46
CashatBank and inHand
Bank operating accounts 104,688 92,205
Liabilities fallingduewithinoneyear
Trade Creditors 8,S18 9,499
Accruals 7,943 1,265
16,561 .tn7Aq

Therestricted funds {Grants) represent
year areasfollows:
amounts receivedfcrspecificpurporc$andthernove mentsinthe
To fund:- OpeninglncorningOutgoingTransfers
balanceresourcesre$ourcesintheyear
t_tLL
Closing
baiance
f
provision ofacaseworker/director
winter caeework
-
166,0S0-150,985
-U
0-
x5,015
provision of night-awakestaff
summerproject
-0
U-
lT and data management
additional support forguests
Additional costsduetoCovid-19
Fundsto enhanceshelterprovision
12,009
0
ar
-V
{2,513}0-
0-
:
14.871
26,&81166,000(153,498) -
9,496
14,871
39,382