2023-03-31-accounts - Inclusion Barnet

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		Page
Foreword from the Co-Chairs
Report ofthe Trustees	2	to	10
Report ofthe Independent Auditors	11	to	13
Consolidated Statement ofFinancial Activities		14
Consolidated Balance Sheet	15	to	16
Company Balance Sheet		17
Cash Flow Statement		18
Notes to the Cash Flow Statement		19
Notes to the Financial Statements	20	to	28

Inclusion Barnet RepDrt of the Trustee ror the year ended 31 r¢h 2023 ORIECTIVES AND ACTTVITIFS 46 individual inierviews 'ith a rdnBe of stakeholdu8 and user5 were also conducted. We were also able to add some 4UtIOnS and aECC55 at]onymi£rd from the Jmu81 local rare wvry. Wt also WDrked on ICB fundaj pwjert to 5UPPOrt some comrnunity rs¢arch on Grah¢ PaTK working "1(h local group& attd c4)ncluded report into the experienc¢s of people livirtk with ¢hronit illnes% ivhich was fiJnd¢d by th¢ National Lollery'5 livd exp¢ri¢Ne leader5 progTumm¢. CoThmunlty Orginlsatlon Support OUT suecessful Barn¢t Togeth¢T Allianrc, working with Young Barncl Foundatiotl. Groundwork LoDd(bn 4nd the Lonr or8onisatsons who int¢ra¢ted wilh the BarrteT VCFSE Environmental NWOrk. with its forthightly c-ncwsldicT having Oning ralc of atDund (thc avcragr being 1417%). We $¢ r¢pr¢s¢nwl the scctor at 141 stADJtory ro¢eting* Our Comtnllniry and Faith Ofi¢¢r rok ¢stablish¢d in Ye and supported the ieam to fmd more kosher and Halal fo(Kl for our partuers. Food Hub, as well as WLyrkin8 hard to Source space for community groups. developing & dttsiled faith tajendar and liaisirtg widi both lh¢ London Faith Forum and Barn¢t Multi-Faith Forum. We also welt¢)med & Ukraine SupFrf)rt Wtsrker to the tewn. WOTking with the Homes for UkTain¢ project offictt at 88rnet Council to idcntify gaps in support aDd hcjpiug lo signpD5t hosts and guc5ts to support. Finally. w¢ suppttrt¢d .0 town centrc projccts as fvndholdcrs for thcir work and continucd to aet as the loettlly trjsted organi8atiOTJ for the Qran8e Btg Lo¢al. LlbrArle$ IncIlon BarnEt d¢livers Souttl Friem wjd New Bamet Parkniu1p Librdries on behalf of the fid0 Borough of Usage continued lo increase. parttcul&Tlv at Ncw Barnet, whilst South Fricm h&$ bccome a populu vcnut for rtVi5lOn 8t siudv. W¢ also tL051cd a wttkly Englisb lessott bciThg I[d for a few families of Ukrainian refugees who have r¢c¢nlly moved w the area. tn May, South Friem Library was proud to w¢lcom¢ Inch1 Bam¢t coll¢ogu¢ and- wh¢ts not working with IB. film wrilerlleciuTeT F.Ilen Cheshire 'hO delivered 3 very w¢ll r¢r¢iv¢d illustrated talk on the history of romantic ¢omedi¢s, from the silent era to (he more diverse fibns of today. That same weeK New Bornet Library was al80 weoritig diff' rnan9g Ni¢k Black had a book of short stories published. A copy is now availuble fvr borNTrwing in the BametLibTaries catalogue. Page 5

			Consolidated	Statement ofFinancial	Statement ofFinancial	Activities
			for the year		ended 31March	2023
							2023	2022
					Unrestricted	Restricted	Total	Total
				Notes	fund	funds	funds I	fundsI
INCOME	AND ENDOWMENTS		FROM
Donations	and legacies			2	1,873	3,580	5,453	116,390
Charitable	activities			4
Charitable	activities				252,208	958.386	1,210,594	908.360
Investment	income			3	3,205		~3205	175
Total					~257 286	~961966	~1219252	1.024,925
EXPENDITURE ON
Charitable	activities
Charitable activities Raising funds					273,210 8,426	903,764	1,176,974 ~8426	784,329 19,960
Total					281,636	903,764	~1185,400	804,289
NET INCOME/(EXPENDITURE) Transfers between funds				15	(24,350) ~31484	58,202 131,484)	33,852	220,636
Net movement in funds					7,134	26,718	33,852	220,636
RECONCILIATION		OFFUNDS
Total funds	brought forward				366,810	131,138	497,948	277,312
TOTAL FUNDS CARRIED FORWARD					373,944	157,856	531,800	~497948

				2023	2022
		Umestricted	Restricted	Total	Total
	Notes	fund	funds f	funds	fundsf
FIXEDASSETS
Tangible assets	12	10,421		10,421	7,267
CURRENT ASSETS
Debtors	13	95,909	21,989	117,898	285,026
Cash at bank		403,646	309,456	713,102	547,957
		499,555	331,445	831,000	832,983
CREDITORS
Amounts falling due within one year	14	(136,032)	(173,589)	(309,621)	(342,302)
NET CURRENT ASSETS		363,523	~157856	~521 379	~490681
TOTAL ASSETSLESSCURRENT
LIABILITIES		373,944	157,856	531,800	497,948
NET ASSETS		373,944	157,856	~531 800	~497 948
FUNDS	15
Unrestricted funds				373,944	366,810
Restricted funds				157,856	131,138
TOTAL FUNDS				531,800	497,948

				2023	2022
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets	12	10,421		10,421	7,267
CURRENT ASSETS
Debtors	13	112,272	21,989	134,261	297,597
Cash at bank		330,116	309,456	639,572	~455 512
		442,388	331,445	773,833	753,109
CREDITORS
Amounts falling due within one year	14	(134,767)	(173,589)	(308,356)	(329,241)
NET CURRENT ASSETS		307,621	157,856	465,477	423,868
TOTAL ASSETSLESSCURRENT
LIABILITIES		318,042	157,856	475,898	423,868
NET ASSETS		318,042	157,856	475,898	423,868
FUNDS	15
Unrestricted funds				318,042	299,997
Restricted funds				157,856	131,138
TOTALFUNDS				475,898	431.135

				Consolidated	Cash Flow Statement
				for the year	ended 31March 2023
					2023	2022
				Notes
Cash tlows from operating		activities
Cash generated from operations					~170303	5,998
Net cash provided by/(used		in) operating		activities	~170303	5,998
Cash flows from investing		activities
Purchase oftangible fixed	assets				(8,363)	(3,086)
Interest received					3,205	175
Net cash used in investing	activities				~5.158)	~291()
Change in cash and cash	equivalents		in
the reporting period					165,145	3,087
Cash and cash equivalents		at the
beginning ofthe reporting		period			~547 957	544,870
Cash and cash equivalents		at the end	of
the reporting period					713,102	547,957

RECONCILIATIO ACTIVITIES	N OFN	ET INCOME TO NET CASH FLOW FROM	OPERATING
			2023	2022
Net income for the	reporting	period (as per the Statement ofFinancial
Activities)			33,852	220,636
Adjustm eats for:
Depreciation charges			5,209	2,422
Interest received			(3,205)	(175)
Decrease/(increase)	in debtors		167,128	(182,725)
Decrease in creditors			~32 681	~34,160
Net cash provided	by/(used	in) operations	~170303	~5998

ANALYSIS OF CHANGES IN NET	FUNDS
	At 1.4.22	Cash flow	At 31.3.23
	f.
Net cash
Cash at bank	~547 957	~165 145	713,102
	547.957	165,145	713,102
Total	547,957	165,145	713,102

	Pension costs and other	past-retirement	benefits
	The charitable company	operates a defined	contribution	pension scheme. Contributions		payable	to the charitable
	company's pension scheme are charged to		the SoiFA in	the period to which they	relate.
	DONATIONS AND LEGACIES
						2023	2022
	Donations					5,453	116,390
3.	INVESTMENT INCOME
						2023	2022
	Interest receivable					3,205	175
4.	INCOME FROM CHARITABLE ACTIVITIES
		Activity				2023f	2022
	Grants	Charitable	activities		1,210,594		908,360
5.	CHARITABLE ACTIVITIES COSTS
					Support
				Direct	costs (see
				Costs	note 6)		Totals
	Charitable activities Raising funds			1,115,339 8,426		61,635	1,176,974 ~8426
				1,123,765		61,635	1,185,400
6,	SUPPORT COSTS
				Admin and	Governance
				support f		costs f	Totals
	Charitable activities			49,835		11,800	61,635
7.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated aiter charging/(crediting):
					2023		2022
	Depreciation - owned assets					5,209	~2422

STAFF COSTS
			2023f	2022f
Wages and salaries			745,149	581,710
Social security costs			60,023	45,172
Other pension costs			21,728	16,004
			826,900	642,886
The average monthly	number ofemployees	during the year was as follows:
			2023	2022
Charitable activities			31	25

	No employees received emoluments in excess of860,000.	No employees received emoluments in excess of860,000.
11.	COMPARATIVES FORTHE CONSOLIDATED STATEMENT		OF FINANCIAL ACTIVITIES
		Unrestricted		Restricted	Total
			fund	funds	funds
			I	f.
	INCOME	AND ENDOWMENTS FROM
	Donations	and legacies	53,231	63,159	116,390
	Charitable	activities
	Charitable	activities	321,043	587,317	908,360
	Investment	income	175		175
	Total		374,449	650,476	1,024,925
	EXPENDITURE ON
	Charitable	activities
	Charitable	activities	284,292	500,037	784,329
	Raising funds		19,960		~19960
	Total		304,252	500,037	~804289
	NET INCOME		70,197	150,439	220,636
		Page 22			continued. ..

		for the year ended 31March 20	for the year ended 31March 20	23	23
11.	COMPARATIVES	FORTHE STATEMENT OF FINANCIAL		ACTIVITIES - continued
				Unrestricted	Restricted	Total
				fund	funds	fundsf
	Transfers between	funds		~49 801	~49801)
	Net movement in funds			119,998	100,638	220,636
	RECONCILIATION		OFFUNDS
	Total funds brought	forward		246.812	30,500	277,312
	TOTAL FUNDS CARRIED FORWARD			366,810	131,138	497,948
12.	TANGIBLE FIXED		ASSETS
						Computer
						equipment f
	COST
	At 1 April 2022					15,583
	Additions					8,363
	At 31 March 2023					23,946
	DEPRECIATION
	At 1 April 2022					8,316
	Charge for year					5,209
	At 31 March 2023					13,525
	NET BOOKVALUE
	At 31March 2023					10,421
	At 31 March 2022					7,267
13.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
					2023	2022
	Other debtors				31,540	17,000
	Prepayments and accrued income				86,358	268.026
					117,898	285.026

CREDITORS: AMOUNTS	FALLIN	G DUE	WITHIN ONE	YEAR
					2023	2022
Social security and other taxes					15,839	13,929
VAT					19,445	479
Other creditors					7,213	18,387
Accruals and deferred income					267,124	309,507
					~309621	~342302
MOVEMENT IN FUNDS
				Net	Transfers
				movement	between	At
			At 1.4.22	in funds	funds	31.3.23
			f	f	f
Unrestricted funds
General fund			366,810	(24,350)	31,484	373,944
Restricted funds
Barnet Voice			20,954	(4,820)		16,134
Touchpoint (funded by the National
Lottery Community Fund)			24,023	(5,680)	22,550	40,893
Partnership Libraries (funded	by London
Borough ofBarnet)				(1.209)	1,209
Touchpoint Advice (funded by Trust for
London)			1,080	12,871	(7,245)	6,706
User voice and representation	(funded	by
City Bridge Trust)			4,566	1,160		5,726
The Coproduced Support Project (funded
by Trust for London)			5,667	1,866	(5,532)	2,001
The Community Reporting Project (funded
by Lived Experience Leaders,	the National
Lottery Community Fund)			5,412	(8,987)	3,575
Community Organisation Support (funded
by the London Borough ofBarnet)			63,797	6,635	(24,000)	46,432
Stages (funded by Awards for	All)		53		(53)
Disability Benefits Consortium	Fighting
Fund			5.586	(120)		5.466
Burnt Oak Town Centre Fund	(funded	by
London Borough ofBarnet)				487	(300)	187
Community Research (funded	by North
Central London Integrated Care Board)				8,771	(3,500)	5,271
Finchley Central Town Centre	Fund
(funded by London Borough ofBarnet)				6,408	(300)	6,108
Healthy Heads Project (funded	by Barnet
Public Health)				15,806	(5,894)	9,912
NCL VCSE Alliance (funded	by North
Central London Integrated Care Board)				25.014	~11,994)	13,020
			131,138	58,202	31,484	157,856
TOTAL FUNDS			497,948	33,852		531,800

			Incoming	Resources	Movement
			resources	expended	in funds
					6
Unrestricted funds
General fund			257,286	(281,636)	(24,350)
Restricted funds
Barnet Voice				(4,820)	(4,820)
Touchpoint (funded by the National
Lottery Community Fund)			141,439	(147,119)	(5,680)
Partnership Libraries (funded	by London
Borough ofBarnet)			61,614	(62,823)	(1,209)
Touchpoint Advice (funded by Trust for
London)			59,400	(46,529)	12,871
User voice and representation	(funded by
City Bridge Trust)			61,689	(60,529)	1,160
The Coproduced Support Project (funded
by Trust for London)			53,550	(51,684)	1,866
The Community Reporting Project (funded
by Lived Experience Leaders,	the National
Lottery Community Fund)				(8,987)	(8,987)
Cornerstone (funded by City Bridge Trust)			40,772	(40,772)
Community Organisation Support (funded
by the London Borough ofBarnet)			199,375	(192,740)	6,635
Disability Benefits Consorrium	Fighting
Fund				(120)	(120)
Grange Big Local (funded by Local Trust)	the Big		63,851	(63,851)
Burnt Oak Town Centre Fund	(funded	by
London Borough ofBarnet)			10.000	(9,513)	487
Community Research (funded	by North
Central London Integrated Care Board)			40,000	(31,229)	8,771
Finchley Central Town Centre	Fund
(funded by London Borough ofBarnet)			10,000	(3,592)	6,408
Healthy Hearts Project (funded by Barnet
Public Health)			85,276	(69,470)	15,806
NCL VCSE Alliance (funded by North Central London Integrated Care Board)			135,000	~109,986)	~25 014
			~961966	~(903764	~58202
TOTAL FUNDS			~1,219252	I 185400	33,852

						Net	Transfers
						movement	between	At
					At 1.4.21	in funds	funds	31.3.22
Unrestricted funds
General fund					246,812	70,197	49,801	366,810
Restricted funds
Barnet Voice					24,130	(3.176)		20,954
Touchpoint (funded	by the National
Lottery Community	Fund)				6,132	17.067	824	24,023
Partnership Libraries	(funded			by London
Borough ofBarnet)						(2,911)	2,911
Touchpoint Advice (funded			by Trust for
London)					15	7,965	(6,900)	1,080
User voice and representation				(funded by
City Bridge Trust)					1,395	9,373	(6,202)	4,566
The Coproduced Support Project (funded
by Trust for London)					(915)	11,621	(5,039)	5,667
The Community Reporting		Project (funded
by Lived Experience	Lenders,			the National
Lottery Community	Fund)				(257)	10,273	(4,604)	5,412
Cornerstone (fimded	by City		Bridge Trust)			4,000	(4,000)
Community Organisation		Support (funded
by the London Borough ofBarnet)						89,297	(25,500)	63,797
Stages (funded by Awards		for		All)		1,344	(1,291)	53
Disability Benefits Consortium				Fighting
Fund						5,586		5,586
					30,500	150,439	~49,801	131,138
TOTAL FUNDS					277,312	220,636		497,948

					Incoming	Resources	Movement
					resources	expended	in funds
Unrestricted funds
General fund					334,277	(264,080)	70,197
Restricted funds
Barnet Voice					407	(3,583)	(3,176)
Touchpoint (funded	by the Nations)
Lottery Community	Fund)				155,013	(137,946)	17,067
Partnership Libraries	(funded		by London
Borough ofBarnet)					56,954	(59,865)	(2,911)
Touchpoint Advice (funded by Trust				for
London)					59,410	(51,445)	7,965
User voice and representation			(funded	by
City Bridge Trust)					55,000	(45,627)	9,373
The Coproduced Support Project (funded
by Trust for London)					49,000	(37,379)	11,621
The Community Reporting		Project (funded
by Lived Experience	Leaders,		the National
Lottery Community	Fund)				51,272	(40,999)	10,273
Cornerstone (funded	by City Bridge Trust)				4,000		4,000
Community Organisation		Support (funded
by the London Borough ofBarnet)					201,704	(112,407)	89,297
Stages (funded by Awards		for	All)		7,072	(5,728)	1,344
Disability Benefits Consortium			Fighting
Fund					5,700	(114)	5,586
Grange BigLocal (funded Local Trust)		by	the Big		4,944	~4,944)
					650,476	~500,037	150,439
TOTAL FUNDS					984,753	j764,117)	220,636