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|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|
##
##
##