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|Introduction
from the|Chair||
|Trustees'
report||2-9|
|Independent
auditor's|report|10-12|
|Statement offinancial|activities|13|
|Balance sheet||14|
|Statement ofcash flows||15|
|Notes to the financial|statements|16-26|
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||||||||As restated|
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||funds|1'unde|funds|funds|funds|funds|
|||2023|2023|2023|2022|2022|2022|
||Notes|E||R|K|R|f.|
|Income fram:||||||||
|Donations
and legacies
Charitable
activities|3
4|1,000|462,373
492,568|463,373
492,56&||681,192
371,787|681,192
371,787|
|Investments|5|65,444||65,444|59,938||59,938|
|Total Income||66,444|954,941|1,021,385|59,938|1,052,979|1,112,917|
|Charitable
activities|6|53,974|1,0&2,463|1,136,437|16,502|860,851|877,353|
|Net Incomel{expenditure)
movement
In funds|and|12,470|(127,522)|(115,052)|43,436|192,128|235,564|
|Reconciliation offunds:||||||||
|Restated fund balances as at
1April 2022||104,939|306,813|411,752|61,503|114,685|176,188|
|Fund balances at31March
2023||117,409|179,291|296,700|104,939|306,813|411,752|
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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|||R||
|Fixed assets||||||||
|Tangible assets|||12||13,005||11,077|
|Current assets||||||||
|Debtors|||13|87,587||158,234||
|Cash at bank and in||hand||243,153||252,802||
|||||330,740||411,036||
|Creditors:
one year|amounts|falling due within|14|47,045||10,361||
|Net current|assets||||283,695||400,675|
|Total assets less current liabilities|||||296,700||411,752|
|The funds
Restricted|ofthe charity
income funds||15||179,291||306,813|
|Unrestricted|funds||||117,409||104,939|
||||||296,700||411,752|
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||||2023||2922||
|---|---|---|---|---|---|---|
|||Notes|f.||R||
|Cash flaws from operating|activities||||||
|Cash (absorbed
by)/generated
operations|from|20||(68,830)||24,666|
|Investing
activities
Purchase oftangible fixed assets
Investment
income received|||(6,263)
65,444||(12,600)
59,938||
|Net cash generated
from investing
activities||||59,181||47,338|
|Net cash used in financing|actlvttles||||||
|Net (decrease)/increase
in
equivalents|cash and cash|||(9,649)||72,004|
|Cash and cash equivaients
at beginning||ofyear||252,802||180,798|
|Cash and cash equivalents|at end ofyear|||243,153||252,802|
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|Income|from investments|||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2023|2022|
|||R|R|
|Rental|income|65,177|59,927|
|interest|receivable|267|11|
|||65,444|59,938|
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|6|Expenditure
on c|haritable
activities|||
|---|---|---|---|---|
||||Charitable|Charitable|
||||activities|activities|
||||2023|2022|
||||R||
||Direct costs||||
||Staffcosts||607,337|436,389|
||Advertising
and Promotions
Beach costs||11,552
125,262|8,046
76,811|
||Charitable
contributions||32,384|84,663|
||Computer costs
Oflice and general
Other professional
Rent|admin
services|16,904
19,282
6,350
131,965|46,733
7,488
1,567
55,080|
||Motor and travel expenses
Sundry
Joint project costs
Staffexpenses||3,430
247
31,909
1,631|8,529
18
37,000
553|
||||988,253|762,877|
||Grant funding ofactivities (see note 7)
Governance||42,701|33,359|
||Share ofsupport
Support|and governance costs (see note 8)|62,505
42,978|66,385
14,732|
||||1,136,437|877,353|
||Analysis
by fund
Unrestricted
funds||53,974|16,502|
||Restricted funds||1,082,463|860,851|
||||1,136,437|877,353|
|7|Grants payable||||
||||Charitable|Charitable|
||||activities|activities|
||||2023|2023|
||||R||
||Grants to institutions:||||
||Other||42,701|33,359|
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|8|Support costs allocated to activities|2023|2022|
|---|---|---|---|
|||R|f.|
||Depreciation
Bank charges
Beach costs|4,335
378
15,200|3,693
1,772
2,955|
||Conference|3,228|1,714|
||Office and general admin
Cleaning
Rent and rates|25,144
5,705
2,857|22,964
4,289
23,794|
||Subscriptions
Motor and travel expenses
Sundry
Governance
costs|1,620
2,249
1,789
42,978|1,130
2,327
1,747
14,732|
|||105,483|81,117|
||Analysed
between:
Charitable
activities|105,483|81,117|
|||2023|2022|
||Governance costs comprise:|R||
||Audit fees|14,100||
||Accountancy
Legal and professional|5,064
23,814|2,230
12,502|
|||42,978|14,732|
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|10|Employees|||||(Continued}|
|---|---|---|---|---|---|---|
||Employment
costs||||2023
E|2022f|
||Wages and salaries
Social security costs
Other pension costs||||559,062
41,106
7,169|397,&70
33,157
5,362|
||||||607,337|436,389|
||The number ofemployees|whose annual|remuneration|was more than F60,000|||
||isas follows:||||||
||||||2023|2022|
||||||Number|Number|
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|Tangible fixed assets||Leasehold|Plant and|Computer|Motor|Total|
|---|---|---|---|---|---|---|
|||Improvements|equipment|equipment|vehicles||
|||R|R|R|||
|Cost|||||||
|At 1April 2022
Additions||46,211|13,834|12,600
6,263|3,860|76,505
6,263|
|At 31 March 2023||46,211|13,834|18,863|3,860|62,768|
|Depreciation
and Impairment
At 1April 2022
Depreciation
charged
in the year||46,211|13,834|3,150
3,928|2,233
407|65,428
4,335|
|At 31 March 2023||46,211|13,834|7,078|2,640|69,763|
|Carrying
amount
At 31 March 2023||||11,785|1,220|13,005|
|At 31 March 2022||||9,450|1,627|11,077|
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||At 1April|Incoming|Resources|'Transfers|At 31 March|
|---|---|---|---|---|---|
||2022f|fesoul'cesf|expendedf||2023f|
|Foodbank||13,295|{11,483)|21,000|22,812|
|Future Proof||100,000|(87,752)||12,248|
|Northfield
Neighbourhood
Network Scheme||181,210|(136,408)||44,802|
|Early Help {BVSC)||176,215|{152,763)||23,452|
|Beach Project|20,084|107,276|(167,360)|40,000||
|Reaching
Communities
Household
Support Fund|163,234|313,057|{138,590)
(200,724)|(20,000)
(41,000)|4,644
71,333|
|Digital Lending
Library|61,247|17,964|(79,211)|||
|Warm Welcome|5,000|1,000|(6,000)|||
|Pathfinder - Early Help|57,248||(57,248)|||
|Digital Literacy (NNS)||44,924|(44,924)|||
||306,&13|954,941|(1,082,463)||179,291|
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|Analysis of net assets between funds|||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds||
|||2023f|2023|2023
f|
|Fund balances at 31 March 2023 are represented|by:||||
|Tangible assets||13,005||13,005|
|Current assets/(liabilities)||104,404|179,291|283,695|
|||117,409|179,291|296,700|
|||Unrestricted|Restricted|Total|
|||funds|funds||
|||2022|2022|2022|
|Fund balances at 31 March 2022 are represented|by:||||
|Tangible assets||11,077||11,077|
|Current assets/(liabilities)||93,862|306,813|400,675|
|||104,939|306,813|411,752|
##
||2023|2022|
|---|---|---|
|Within one year|46,817|43,250|
|Between two and five years|117,667|164,333|
|In over five years|175,000||
||339,484|207,583|
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|20|Cash generated
from operations|Cash generated
from operations||2023|2022|
|---|---|---|---|---|---|
||(Deficit)/surpus
for the year|||(115,052)|235,564|
||Adjustments
for.|||||
||Investment
income recognised|in statement offinancial|activities|(65,444)|(59,938)|
||Depreciation
and impairment
oftangible fixed assets|||4,335|3,693|
||Movements
in working
capital:|||||
||Decrease/(increase)
in debtors|||70,647|(146,234)|
||Increase/(decrease)
in creditors|||36,684|(8,419)|
||Cash (absorbed
by)/generated|from operations||(68,&30)|24,666|
|21|Analysis ofchanges
ln net funds|||||
||The charity had no material
debt during the year.|||||
|22|Prior Period Restatements|||||