| for the Year Ended 31 | March 2 2 | 3 | |||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | |||||||
| INCOME AND ENDOWMENTS FROM | |||||||
| Donations and legacies |
52,929 | 52,929 | 91,138 | ||||
| Charitable activities |
|||||||
| Service contract income | 3,042, 180 | 3,042, 180 | 2,494,185 | ||||
| Other charitable activities |
8,651 | 8,651 | 9,590 | ||||
| Office administration and running |
costs | 300 | |||||
| Investment income |
42,946 | 42,946 | 35,684 | ||||
| Total | 3,146,706 | 3,146,706 | 2,630,897 | ||||
| EXPENDITURE ON | |||||||
| Raising funds | |||||||
| Other trading activities | 3,914 | 3,914 | 8,355 | ||||
| 3,914 | 3,914 | 8,355 | |||||
| Charitable activities |
|||||||
| Wages, salaries, agency | fees and associated costs | 2,234,590 | 2,234,590 | 1,820,520 | |||
| Property running costs |
474,590 | 474,590 | 483,034 | ||||
| Residents activities and | allowances | 49,403 | 49,403 | 32,388 | |||
| Depreciation and disposal charges |
35,314 | 35,314 | 6,321 | ||||
| Professional fees |
96,967 | 96,967 | 31,675 | ||||
| Office administration and running |
costs | 193,355 | 193,355 | 109,628 | |||
| Total | 3,088,133 | 3,088,133 | 2,491,921 | ||||
| Net gains/(losses) on investments |
(122,483) | (122,483) | 50,578 | ||||
| NET INCOME/(EXPENDITURE) | (63,910) | (63,910) | 189,554 | ||||
| RECONCILIATION | OFFUNDS | ||||||
| Total funds brought forward | 2,451,662 | 2,451,662 | 2,262, 108 | ||||
| TOTAL FUNDS CARRIED FORWARD | 2,387,752 | 2,387,752 | 2,451,662 |
| Balance Sheet 31March 2023 |
|||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets Investments |
12 13 |
1,980,361 795,959 |
1,980,361 795,959 |
1,025,033 1,030,920 |
|
| 2,776,320 | 2,776,320 | 2,055,953 | |||
| CURRENT ASSETS | |||||
| Debtors | 14 | 267,790 | 267,790 | 182,547 | |
| Cash at bank and in hand | 387,104 | 387,104 | 1,237,474 | ||
| 654,894 | 654,894 | 1,420,021 | |||
| CREDITORS | |||||
| Amounts falhng due within one year |
15 | (275,763) | (275,763) | (186,090) | |
| NET CURRENT ASSETS | 379,131 | 379,131 | 1,233,931 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 3,155,451 | 3,155,451 | 3,289,884 | ||
| CREDITORS | |||||
| Amounts falling due after more than one year |
16 | (767,699) | (767,699) | (838/22) | |
| NKT ASSETS | 2,387,752 | 2,387,752 | 2,451,662 | ||
| FUNDS | 20 | ||||
| Unrestricted funds |
2,387,752 | 2,451,662 | |||
| TOTAL FUNDS | 2,387,752 | 2,451,662 |
| for the Year Ende 31Mar |
c | h 2023 | ||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
20,375 | 148,109 | ||||
| Interest paid | (35,526) | |||||
| Net cash (used in)/provided | by operating | activities | (15,151) | 148,109 | ||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed | assets | (992,843) | (32,592) | |||
| Purchase offixed asset investments | (37,522) | (35,642) | ||||
| Saleoftangible fixed assets | 2,200 | 400 | ||||
| Saleoffixed asset investments | 150,000 | |||||
| Interest received | 42,946 | 35,684 | ||||
| Net cash used in investing | activities | (835,219) | (32,150) | |||
| Cash flows from financing | activities | |||||
| New loans in year | 910,578 | |||||
| Net cash provided by financing activities |
910,578 | |||||
| Change in cash and cash | equivalents | in | ||||
| the reporting period |
(850,370) | 1,026,537 | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting | period | 1,237,474 | 210,937 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
387,104 | 1,237,474 |
| OPERATING A | CTIVITIES | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Net (expenditure)/income for the reporting |
period (as per the | |||
| Statement ofFinancial Activities) | (63,910) | 189,554 | ||
| Adjustments for: |
||||
| Depreciation charges |
37,514 | 6,721 | ||
| Losses/(gain) on investinents |
122,483 | (50,578) | ||
| Profit on disposal | offixed assets | (2,200) | (400) | |
| Interest received | (42,946) | (35,684) | ||
| Interest paid | 35,526 | |||
| (increase)/decrease | in debtors | (85,243) | 64,919 | |
| Increase/(decrease) | in creditors | 19,151 | (26,423) | |
| Net cash provided | by operations | 20,375 | 148,109 |
| ANALYSIS OF CHAN | GES IN NET FUNDS/( | DEBT) | ||
|---|---|---|---|---|
| At 1.4.22 | Cash flow | At 31.3.23 | ||
| Net cash | ||||
| Cash at bank and in hand | 1/37,474 | (850,370) | 387,104 | |
| 1,237,474 | (850,370) | 387,104 | ||
| Debt | ||||
| Debts falling due witlun | 1 year | (72,357) | (29,945) | (102,302) |
| Debts falling due after 1 | year | (838,222) | 70,523 | (767,699) |
| (910,579) | 40,578 | (870,001) | ||
| Total | 326,895 | (809,792) | (482,897) |
| Freehold land and buildings |
Freehold land and buildings |
not provided |
|---|---|---|
| Short leasehold property | improvements | over period oflease |
| Fixtures and fittings | 25%on cost | |
| Motor vehicles | 25%on cost | |
| Computer equipment |
33%on cost |
| DONATION | S AND LE |
GACI | ES | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| Donations | 2,005 | 4,398 | |||||||
| Grants | 50,924 | 86,740 | |||||||
| 52,929 | 91,138 | ||||||||
| Grants received, included | in the | above, are as follows: | |||||||
| 2023 | 2022 | ||||||||
| Birmingham | City Council | Grant | 50,924 | ||||||
| Other grants | 86,740 | ||||||||
| 50,924 | 86,740 | ||||||||
| 3. | INVESTMENT INCOME | ||||||||
| 2023 | 2022 | ||||||||
| Deposit account interest | 1,438 | 42 | |||||||
| Dividends received |
41,508 | 35,642 | |||||||
| 42,946 | 35,684 | ||||||||
| INCOME FROM CHARITABLE ACTIVITIES | |||||||||
| 2023 | 2022 | ||||||||
| Activity | |||||||||
| Service contracts | Service contract | income | 3,042,180 | 2,494,185 | |||||
| Other income | Other charitable | activities | 8,651 | 9,590 | |||||
| Other income | Office administration | and running | costs | 300 | |||||
| 3,050,831 | 2,504,075 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Bad debts | 3,914 | 8,355 | ||||
| 6. | CHARITABLE | ACTIVITIES COSTS | ||||
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 7) | Totals | ||||
| Wages, salaries, associated costs |
agency fees and | 1,865,309 | 369,281 | 2734,590 | ||
| Property running costs Residents activities and allowances |
458,554 49,403 |
16,036 | 474,590 49,403 |
|||
| Depreciation and |
disposal charges | 35,314 | 35,314 | |||
| Professional fees |
74,478 | 22,489 | 96,967 | |||
| OfFice administration and running |
costs | (27,500) | 220,855 | 193,355 | ||
| 2,420,244 | 663,975 | 3,084,219 | ||||
| 7. | SUPPORT COSTS | |||||
| Information | ||||||
| Management | Finance | technology | ||||
| Wages, salaries, | agency fees and associated | |||||
| costs | 363,402 | |||||
| Property running | costs | 16,036 | ||||
| Depreciation and |
disposal charges | (2,200) | ||||
| Professional fees | 12,518 | |||||
| Office administration and running |
costs | 120,024 | 35,526 | |||
| 511,980 | (2,200) | 35,526 | ||||
| Governance | ||||||
| Other | costs | Totals | ||||
| Wages, salaries, agency fees and associated costs |
5,879 | 369,281 | ||||
| Property running Depreciation and Professional fees |
costs disposal charges |
37,514 | 9,971 | 16,036 35,314 22,489 |
||
| Office administration and running |
costs | 65,305 | 220,855 | |||
| 108,698 | 9,971 | 663,975 |
| Net income/(expenditure) is stated after charging/(crediting): |
||
|---|---|---|
| 2023 | 2022 | |
| f, | ||
| Auditors' remuneration |
5,775 | 5,250 |
| Auditors' remuneration for non audit work |
4,196 | 2,621 |
| Depreciation - owned assets Other operating leases Surplus on disposal offixed assets |
37,515 146,263 (2,200) |
6,720 147,779 (400) |
| COMPARATIVES FORTHE | STATEMENT OF FIN | ANCIAL ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
91,138 | 91,138 | ||
| Charitable activities |
||||
| Service contract income | 2,494,185 | 2,494,185 | ||
| Other charitable activities |
9,590 | 9,590 | ||
| Office administration and running |
costs | 300 | 300 | |
| Investment income |
35,684 | 35,684 | ||
| Total | 2,630,897 | 2,630,897 | ||
| EXPENDITURE ON | ||||
| Raising funds Other trading activities |
8,355 | 8,355 | ||
| 8,355 | 8,355 |
| 11. | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | -continued | |
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| Charitable activities |
|||||||
| Wages, salaries, agency | fees and associated | ||||||
| costs | 1,820,520 | 1,820,520 | |||||
| Property running costs |
483,034 | 483,034 | |||||
| Residents activities and | allowances | 32,388 | 32,388 | ||||
| Depreciation and disposal charges |
6,321 | 6,321 | |||||
| Professional fees | 31,675 | 31,675 | |||||
| Office administration | and running | costs | 109,628 | 109,628 | |||
| Total | 2,491,921 | 2,491,921 | |||||
| Net gains on investments | 50,578 | 50,578 | |||||
| NKT INCOME | 189,554 | 189,554 | |||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward | 2,262, 108 | 2,262, 108 | |||||
| TOTAL FUNDS CARRIED FORWARD | 2,451,662 | 2,451,662 | |||||
| 12. | TANGIBLE FIXED | ASSETS | |||||
| Improvements | Fixtures | ||||||
| Freehold | to | aild | |||||
| property | property | fittings | |||||
| COST | |||||||
| At 1 April 2022 | 918,490 | 223,815 | 24,976 | ||||
| Additions | 863,271 | 15,865 | 103,363 | ||||
| Disposals | |||||||
| At 31March 2023 | 1,781,761 | 239,680 | 128,339 | ||||
| DEPRECIATION | |||||||
| At 1 April 2022 | 123,485 | 24,976 | |||||
| Charge for year | 5,878 | 25,841 | |||||
| Eliminated on disposal |
|||||||
| At 31March 2023 | 129,363 | 50,817 | |||||
| NKT BOOKVALUE | |||||||
| At 31March 2023 | 1,781,761 | 110,317 | 77,522 | ||||
| At 31March 2022 | 918,490 | 100,330 |
| 12. | TANGIBLE | FIXEDAS | SETS —continued | |||
|---|---|---|---|---|---|---|
| Motor | Computer | |||||
| vehicles | equipment | Totals | ||||
| COST | ||||||
| At 1 April 2022 | 9,000 | 7,047 | 1,183,328 | |||
| Additions | 10,344 | 992,843 | ||||
| Disposals | (9,000) | (9,000) | ||||
| At 31March | 2023 | 17,391 | 2,167,171 | |||
| DEPRECIATION | ||||||
| At 1 April 2022 | 9,000 | 834 | 158,295 | |||
| Charge for year | 5,796 | 37,515 | ||||
| Eliminated on disposal |
(9,000) | (9,000) | ||||
| At 31March | 2023 | 6,630 | 186,810 | |||
| NET BOOKVALUE | ||||||
| At 31March | 2023 | 10,761 | 1,980,361 | |||
| At 31March | 2022 | 6,213 | 1,025,033 | |||
| 13. | FIXEDASSETINVKSTMKNTS | |||||
| Listed | ||||||
| investments | ||||||
| MARKET VALUE | ||||||
| At 1April 2022 | 1,030,920 | |||||
| Additions | 37,522 | |||||
| Disposals | (150,000) | |||||
| Change in market value | (122,483) | |||||
| At 31March | 2023 | 795,959 | ||||
| NET BOOK | VALUE | |||||
| At31March | 2023 | 795,959 | ||||
| At 31March | 2022 | 1,030,920 | ||||
| There were no investment | assets outside the UK. | |||||
| 14. | DEBTORS: | AMOUNTS | FALLING DUE WITHIN ONK YEAR | |||
| 2023 | 2022 | |||||
| Trade debtors | 238,051 | 155,453 | ||||
| Prepaytnents | and accrued | income | 29,739 | 27,094 | ||
| 267,790 | 182,547 |
| 15. | CREDITORS: AMOUNTS FALLING DUE | WITHIN | ONE YEAR | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Bank loans and overdrafts (see note 17) | 102,302 | 72,357 | |||
| Trade creditors | 44, 111 | 28,627 | |||
| Social security and other taxes | 36,704 | 27,926 | |||
| Other creditors | 92,646 | 57,180 | |||
| 275,763 | 186,090 | ||||
| 16. | CREDITORS: AMOUNTS FALLING DUK AFTER | MORE THAN ONE YEAR | |||
| 2023 | 2022 | ||||
| Bank loans (see note 17) | 767,699 | 838,222 | |||
| 17. | LOANS | ||||
| An analysis ofthe maturity ofloans is given below: | |||||
| 2023 | 2022 | ||||
| Amounts falling due within one year on demand: |
|||||
| Bank loans | 102,302 | 72,357 | |||
| Amounts falling between one and two years: |
|||||
| Bank loans —1-2years | 102,302 | 79,822 | |||
| Amounts falling due between two and five years: |
|||||
| Bank loans - 2-5 years | 306,906 | 159,645 | |||
| Amounts falling due in more than five years: |
|||||
| Repayable by instalments: | |||||
| Bank loans more 5 yr by instal | 358,491 | 598,755 | |||
| 18, | LEASING AGREEMENTS | ||||
| Minimum lease payments under non-cancellable |
operating | leases fall due as follows: | |||
| 2023 | 2022 | ||||
| f. | |||||
| Within one year | 109,120 | 129,874 | |||
| Between one and five years | 201,590 | 308,832 | |||
| In more than five years | 171,875 | 201,667 | |||
| 482,585 | 640,373 |
| 2023 | 2022 |
|---|---|
| f. | |
| 870,001 | 910,579 |
| MOVE | MEN | T IN | FUNDS | ||||
|---|---|---|---|---|---|---|---|
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.4.22 | in funds | funds | 31.3.23 | ||||
| f. | |||||||
| Unrestricted | funds | ||||||
| General | fund | 1,701,662 | (63,910) | 750,000 | 2,387,752 | ||
| Designated property |
fund | 750,000 | (750,000) | ||||
| 2,451,662 | (63,910) | 2,387,752 | |||||
| TOTAL FUNDS | 2,451,662 | (63,910) | 2,387,752 | ||||
| Net movement | in funds, included in the above are as follows: | ||||||
| Incoming | Resources | Gains and | Movement | ||||
| resources | expended | losses | in funds | ||||
| Unrestricted | funds | ||||||
| General | fund | 3,146,706 | (3,088,133) | (122,483) | (63,910) | ||
| TOTAL | FUNDS | 3,146,706 | (3,088,133) | (122,483) | (63,910) | ||
| Comparatives | for movement | in funds | |||||
| Net | |||||||
| movement | At | ||||||
| At 1,4.2] | in funds | 31.3.22 | |||||
| Unrestricted | funds | ||||||
| General | fund | 1,512,108 | 189,554 | 1,701,662 | |||
| Designated property |
fund | 750,000 | 750,000 | ||||
| 2,262,108 | 189,554 | 2,451,662 | |||||
| TOTAL | FUNDS | 2/62, 108 | 189,554 | 2,451,662 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| f. | ||||||
| Unrestricted | funds | |||||
| General fund | 2,630,897 | (2,491,921) | 50,578 | 189,554 | ||
| TOTAL FUNDS | 2,630,897 | (2,491,921 ) | 50,578 | 189,554 | ||
| A current year 12months | and prior year 12months combined position is as follows: | |||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.21 | in funds | funds | 31.3.23 | |||
| Unrestricted | funds | |||||
| General fund | 1,512,108 | 125,644 | 750,000 | 2,387,752 | ||
| Designated property |
fund | 750,000 | (750,000) | |||
| 2,262,108 | 125,644 | 2,387,752 | ||||
| TOTAL FUNDS | 2,262,108 | 125,644 | 2,387,752 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| f. | |||||
| Unrestricted | funds | ||||
| General fund | 5,777,603 | (5,580,054) | (71,905) | 125,644 | |
| TOTAL FUNDS | 5,777,603 | (5,580,054) | (71,905) | 125,644 |