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





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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
4U￿tIOnS 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
Lon<Jon BL)rwgh of Barnei 10 suppon almi represetst the volutttary sector. continued.
Nolable highligh14 incltvjed the fir￿ Barn￿ Towher Alliance ConferenL¢ was held 3 o￿ober ai RAF Museu
Ow¢r l(10 VCFSE organisations wcrc prescnt for a day of nctworkujg and talk& With over 60 stakeholders from the
council. funders an(J oiher orgaiiisaiions kcctt 10 support the sector prescrlt in the marketplace and m¢ci th¢ funder
S¢55LOJ)s. Th¢r¢ w¢r¢ kcyjotc cvcnts and break￿t 5cssions availablo You can morc about thc cenfcrcncc hcrc
IhllpS..Ilwww.inclusiottbmiti.org.uklthe•ftr*.bamet-toÈetheT-￿ll*rtce4I￿rtrenCt￿h81Ird￿￿[aItas1Lc-d*Y/I.
i*at¢h a short fil]n tnadc by Bamci Council about thc conf¢rcnc¢ here..
Ihttps."/.Iwww.inclusionbarneLorg.uklvideo-froin-banJ¢t40g¢th¢T-aIii8tt¢¢rfonfrr¢n¢¢O.
Tow3rds the end of th¢ ycar. w¢ lauts¢h¢d our ftsrn]al m¢mb¢nhip sthellJ¢ foT I￿1 voluntary scctor organi5ation
following much w'ork to creaic thert¢cessa￿ architecture in ￿tSfor¢e.
We h¢lped organisation5 rais¢ over £2th.iKIO. and provided almost 3(K) OThE-tDllone support SeSSiOll5. Thtre WEre over
600 attendees ai our nenvork meding& in¢ludin8 th¢ 80 people (>r or8onisatsons who int¢ra¢ted wilh the BarrteT VCFSE
Environmental N￿WOrk. with its forthightly c-ncwsldicT having O￿ning ralc of atDund (thc avcragr being
14*17%). We ￿$¢ r¢pr¢s¢nwl the scctor at 141 stADJtory ro¢eting*
Our Comtnllniry and Faith Ofi¢¢r rok ¢stablish¢d in Ye￿ and supported the ieam to fmd more kosher and Halal
fo(Kl for our partuers. Food Hub, as well as WLyrkin8 hard to Source space for community groups. developing & dttsiled
faith tajendar and liaisirtg widi both lh¢ London Faith Forum and Barn¢t Multi-Faith Forum.
We also welt¢)med & Ukraine SupFrf)rt Wtsrker to the tewn. WOTking with the Homes for UkTain¢ project offictt at
88rnet Council to idcntify gaps in support aDd hcjpiug lo signpD5t hosts and guc5ts to support.
Finally. w¢ suppttrt¢d ￿.0 town centrc projccts as fvndholdcrs for thcir work and continucd to aet as the loettlly trjsted
organi8atiOTJ for the Qran8e Btg Lo¢al.
LlbrArle$
IncI￿lon BarnEt d¢livers Souttl Friem wjd New Bamet Parkniu￿1p 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¢ Inch￿1￿￿ 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<r¢nL Thal it 147s us¢d as a Polling SiatioD for the IIKal cl¢ction&
Both librArie5 Lwk part in lh¢ #nnual Summer Reading Challenge, which is a nationwide endeavour, run by llte R￿dIll8
Agencv. to enwur4e Lhild￿n agd 4-1 l iv k¢¢p ￿ading bwks dur￿￿ th¢ ￿h0o1 holidas?. South Fri￿ L5 always
quieter in IL% PJrticip&linn, t￿rhaPS du¢ w local demogTaphio% but N¢w Ban)et heen ¢xtyun¢lv successful in its take
up levels lover 120 childrerjl. w'iih its numbers amun¥$t the best in Ihe borough, following Barnrt Liir4ri¢s' fla85hip
litrary bran£h¢5. W¢ a150 bo¥ied Jswcial¢(l aLtlVllT¢S for children. desi￿ed and run by our volunte¢TS.
l.ibrar>' rnan9g￿ Ni¢k Black had a book of short stories published. A copy is now availuble fvr borNTrwing in the
BametLibTaries catalogue.
Page 5

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## 

||||Consolidated|Statement ofFinancial|Statement ofFinancial|Activities|||
|---|---|---|---|---|---|---|---|---|
||||for the year||ended 31March|2023|||
||||||||2023|2022|
||||||Unrestricted|Restricted|Total|Total|
|||||Notes|fund|funds|funds<br>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<br>activities<br>Raising funds|||||273,210<br>8,426|903,764|1,176,974<br>~8426|784,329<br>19,960|
|Total|||||281,636|903,764|~1185,400|804,289|
|NET INCOME/(EXPENDITURE)<br>Transfers<br>between<br>funds||||15|(24,350)<br>~31484|58,202<br>131,484)|33,852|220,636|
|Net movement<br>in funds|||||7,134|26,718|33,852|220,636|
|RECONCILIATION||OFFUNDS|||||||
|Total funds|brought<br>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<br>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<br>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<br>funds||||373,944|366,810|
|Restricted funds||||157,856|131,138|
|TOTAL FUNDS||||531,800|497,948|





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## 

|||||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<br>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<br>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<br>from operations|||||~170303|5,998|
|Net cash provided<br>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<br>in cash and cash|equivalents||in||||
|the reporting<br>period|||||165,145|3,087|
|Cash and cash equivalents||at the|||||
|beginning<br>ofthe reporting||period|||~547 957|544,870|
|Cash and cash equivalents||at the end|of||||
|the reporting<br>period|||||713,102|547,957|





## 

## 

|RECONCILIATIO<br>ACTIVITIES|N<br>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<br>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|





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## 

||Pension costs and other|past-retirement|benefits|||||
|---|---|---|---|---|---|---|---|
||The charitable<br>company|operates a defined|contribution|pension scheme. Contributions||payable|to the charitable|
||company's<br>pension scheme are charged to||the SoiFA in|the period to which they|relate.|||
||DONATIONS<br>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<br>activities<br>Raising funds|||1,115,339<br>8,426||61,635|1,176,974<br>~8426|
|||||1,123,765||61,635|1,185,400|
|6,|SUPPORT COSTS|||||||
|||||Admin<br>and|Governance|||
|||||support<br>f||costs<br>f|Totals|
||Charitable<br>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|





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## 

|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<br>activities|||31|25|



||No employees<br>received emoluments<br>in excess of860,000.|No employees<br>received emoluments<br>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<br>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<br>f|
||COST||||||
||At 1 April 2022|||||15,583|
||Additions|||||8,363|
||At 31 March 2023|||||23,946|
||DEPRECIATION||||||
||At<br>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<br>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<br>funds|||||||
|General fund|||366,810|(24,350)|31,484|373,944|
|Restricted funds|||||||
|Barnet Voice|||20,954|(4,820)||16,134|
|Touchpoint<br>(funded by the National|||||||
|Lottery Community<br>Fund)|||24,023|(5,680)|22,550|40,893|
|Partnership<br>Libraries (funded|by London||||||
|Borough ofBarnet)||||(1.209)|1,209||
|Touchpoint<br>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<br>Support Project (funded|||||||
|by Trust for London)|||5,667|1,866|(5,532)|2,001|
|The Community<br>Reporting Project (funded|||||||
|by Lived Experience Leaders,|the National||||||
|Lottery Community<br>Fund)|||5,412|(8,987)|3,575||
|Community<br>Organisation<br>Support (funded|||||||
|by the London Borough ofBarnet)|||63,797|6,635|(24,000)|46,432|
|Stages (funded by Awards for|All)||53||(53)||
|Disability<br>Benefits Consortium|Fighting||||||
|Fund|||5.586|(120)||5.466|
|Burnt Oak Town Centre Fund|(funded|by|||||
|London Borough ofBarnet)||||487|(300)|187|
|Community<br>Research (funded|by North||||||
|Central London Integrated<br>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<br>Care Board)||||25.014|~11,994)|13,020|
||||131,138|58,202|31,484|157,856|
|TOTAL FUNDS|||497,948|33,852||531,800|





## 

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## 

||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
||||||6|
|Unrestricted<br>funds||||||
|General fund|||257,286|(281,636)|(24,350)|
|Restricted funds||||||
|Barnet Voice||||(4,820)|(4,820)|
|Touchpoint<br>(funded<br>by the National||||||
|Lottery Community<br>Fund)|||141,439|(147,119)|(5,680)|
|Partnership<br>Libraries (funded|by London|||||
|Borough ofBarnet)|||61,614|(62,823)|(1,209)|
|Touchpoint<br>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<br>Support Project (funded||||||
|by Trust for London)|||53,550|(51,684)|1,866|
|The Community<br>Reporting Project (funded||||||
|by Lived Experience Leaders,|the National|||||
|Lottery Community<br>Fund)||||(8,987)|(8,987)|
|Cornerstone<br>(funded by City Bridge Trust)|||40,772|(40,772)||
|Community<br>Organisation<br>Support (funded||||||
|by the London Borough ofBarnet)|||199,375|(192,740)|6,635|
|Disability Benefits Consorrium|Fighting|||||
|Fund||||(120)|(120)|
|Grange Big Local (funded<br>by <br>Local Trust)|the Big||63,851|(63,851)||
|Burnt Oak Town Centre Fund|(funded|by||||
|London Borough ofBarnet)|||10.000|(9,513)|487|
|Community<br>Research (funded|by North|||||
|Central London Integrated<br>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<br>Hearts Project (funded by Barnet||||||
|Public Health)|||85,276|(69,470)|15,806|
|NCL VCSE Alliance (funded<br>by North<br>Central London Integrated<br>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<br>funds|||||||||
|General fund|||||246,812|70,197|49,801|366,810|
|Restricted funds|||||||||
|Barnet Voice|||||24,130|(3.176)||20,954|
|Touchpoint<br>(funded|by the National||||||||
|Lottery Community|Fund)||||6,132|17.067|824|24,023|
|Partnership<br>Libraries|(funded|||by London|||||
|Borough ofBarnet)||||||(2,911)|2,911||
|Touchpoint<br>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<br>Support Project (funded|||||||||
|by Trust for London)|||||(915)|11,621|(5,039)|5,667|
|The Community<br>Reporting||Project (funded|||||||
|by Lived Experience|Lenders,|||the National|||||
|Lottery Community|Fund)||||(257)|10,273|(4,604)|5,412|
|Cornerstone<br>(fimded|by City||Bridge Trust)|||4,000|(4,000)||
|Community<br>Organisation||Support (funded|||||||
|by the London Borough ofBarnet)||||||89,297|(25,500)|63,797|
|Stages (funded<br>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<br>funds||||||||
|General fund|||||334,277|(264,080)|70,197|
|Restricted funds||||||||
|Barnet Voice|||||407|(3,583)|(3,176)|
|Touchpoint<br>(funded|by the Nations)|||||||
|Lottery Community|Fund)||||155,013|(137,946)|17,067|
|Partnership<br>Libraries|(funded||by London|||||
|Borough ofBarnet)|||||56,954|(59,865)|(2,911)|
|Touchpoint<br>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<br>Support Project (funded||||||||
|by Trust for London)|||||49,000|(37,379)|11,621|
|The Community<br>Reporting||Project (funded||||||
|by Lived Experience|Leaders,||the National|||||
|Lottery Community|Fund)||||51,272|(40,999)|10,273|
|Cornerstone<br>(funded|by City Bridge Trust)||||4,000||4,000|
|Community<br>Organisation||Support (funded||||||
|by the London Borough ofBarnet)|||||201,704|(112,407)|89,297|
|Stages (funded<br>by Awards||for|All)||7,072|(5,728)|1,344|
|Disability Benefits Consortium|||Fighting|||||
|Fund|||||5,700|(114)|5,586|
|Grange BigLocal (funded<br>Local Trust)||by|the Big||4,944|~4,944)||
||||||650,476|~500,037|150,439|
|TOTAL FUNDS|||||984,753|j764,117)|220,636|



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