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2023-03-31-accounts

Trustees Ms TAanchawan Ms TAanchawan Ms TAanchawan
Ms PChagonda
Ms SMorton
Ms D Nelson (Appointed 29June 2022)
Ms AWaheed (Appointed 29June 2022)
Mrs AWhalley (Appointed 31May 2023)
Mrs LJopsen (Appointed 26 July 2023)
Mrs C CEziwhou (Appointed 26 July 2023)
Charity number 1160555
Accountants HW Associates Limited
Portmill House
Portmill Lane
Hitchin
Herts
SG5 1DJ
Bankers Barclays Bank PLC
LE872BB
Solicitors Pictons Solicitors LLP
28Dunstable Road
Luton
Bedfordshire
LUl 1DY
Russell-Cooke LLP
2 Putney Hill
London
SW15 6AB

Page
Trustees' report 1-8
Independent
examiner's		 report
Statement offinancial activities 10-11
Balance sheet 12
Statement ofcash flows 13
Notes to the financial statements 14-30

Unrestricted funds (general) 975,154
Unrestricted funds (designated) 112,000
Restricted Funds 81 506
Representing Net Assets 1,168,660

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2023 2022
Notes
Fixed assets
Tangible assets 12 942,644 392,332
Current assets
Debtors 13 18,726 27,946
Cash at bank and in hand 306,627 397,350
325,353 425,296
Creditors: amounts falling due within one
year 15 (50,379) (31,452)
Net current assets 274,974 393,844
Total assets less current liabilities 1,217,618 786,176
Creditors: amounts falling due after more
than one year 16 (48,958) (59,465)
Net assets 1,168,660 726,711
Income funds
Restricted funds 17 81,506 169„203
Unrestricted funds - designated 112,000 112,000
Unrestricted funds - eneral
Designated funds 18 112,000 112,000
General unrestricted funds 323,487 333,508
Revaluation reserve 539,667
975,154 445,508
1,168,660 726,711

2023 2022
Notes
Cash flows from operating activities
Cash (absorbed by)/generated from operations 22 (68,389) 120,278
Investing
activities
Purchase oftangible fixed assets (11,827)
Net cash used in investing activities (11,827)
Financing
activities
Repayment
ofbank loans		 (10,507) (7,704)
Net cash used in financing activities (10,507) (7,704)
Net (decrease)/increase
in		 cash and cash equivalents (90,723) 112,574
Cash and cash equivalents
at beginning		 ofyear 397,350 288,323
Cash and cash equivalents at end of year 306,627 397,350

Accounting
policies		 (Continued)
Tangible fixed assets
Tangible fixed assets are initially
measured
at cost and subsequently		 measured
at cost		 or valuation, net ofdepreciation
and
any impairment
losses.
Depreciation
is recognised		 so as to write offthe cost or valuation of assets less their residual values over their useful lives
on the following bases:
Freehold land and buildings 1%straight line
Fixtures and fittings 10%straight line I25%reducing balance
The gain or loss arising
on the disposal of an asset is determined		 as the difference between the sale proceeds and the
carrying
value ofthe asset,		 and is recognised
in the statement of		 financial activities.
Impairment
offixed assets
At each reporting
end date, the charity reviews
the carrying
amounts		 of its tangible assets to determine whether there is
any indication
that those assets have suffered an impairment
loss. If		 any such indication exists, the recoverable amount of
the asset is estimated
in order to determine
the extent ofthe impairment		 loss (ifany).
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments
with
original
maturities
ofthree		 months
or less, and bank overdrafts.		 Bank overdrafts
are		 shown within borrowings in current
liabilities.
Financial instruments
The charity has elected to apply the provisions ofSection 11 'Basic Financial Instruments' and Section 12'Other Financial
Instruments
Issues' ofFRS		 102to all ofits financial
instruments.

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2023 2022
Housing benefit 313,154 235,599
5 Other income
Unrestricted Unrestricted
funds funds
general general
2023 2022
Other income 294 10,415

2023 2022
Staffcosts 434,890 330,451
Depreciation
and impairment		 1,183 4,355
Rent and rates 62,607 68,936
Water 4,263 1,488
Light and heat 28,371 41,141
Repairs and maintenance 53,579 27,460
Insurance 1,008 11,751
Other refuge costs 54,411 859
Telephone 15,617 13,239
Mortgage
interest		 3,546 2,719
Other staff costs 15,875 7,746
Computers
and equipment		 42,474 19,067
Stafftravel expenses 2,948 1,752
Client expenses 3,264 2,242
Other office costs 31,769 4,250
Outreach
work		 21,338 1,151
Local projects 6,849
783,992 538,607
Share ofsupport costs (see note 7) 76,098 21,008
Share ofgovernance costs (see note 7) 5,160 4,000
865,250 563,615
Analysis
by fund
Unrestricted
funds -		 general 332,524 285,490
Restricted funds 532,726 278,125
865,250 563,615

Support costs costs
Support costs Governance 2023 Support costs Governance 2022
costs costs
Legal and professional 24,740 24,740 16,843 16,843
Accountancy fees 6,516 6,516 4,165 4,165
Premises 31,874 31,874
Insurance 12,968 12,968
Independent examiner's fee 5,160 5,160 4,000 4,000
76,098 5,160 81,258 21,008 4,000 25,008
Analysed between
Charitable activities 76,098 5,160 81,258 21,008 4,000 25,008

The average onthly
numb		 er ofe mployees
during the y		 ear was:
2023 2022
Number Number
17 15
Employment costs 2023 2022
Wages and salaries 397,321 303,356
Social security costs 29,861 20,810
Other pension costs 7,708 6,285
434,890 330,451
The number of employees whose annual remuneration was more than X60,000 is as
follows:
2023 2022
Number Number

Total Unrestricted
funds
general
2023 2022
Net loss on disposal oftamgible fixed assets 4,548
4,548

12 Tangible fix ed assets
Freehold
land		 Fixtures and Total
and buildings fittings
Cost
At 1April 2022 435,460 435,460
Additions 11,827 11,827
Revaluation 496,540 496,540
At 31March 2023 932,000 11,827 943,827
Depreciation and impairment
At 1April 2022 43,127 43,127
Depreciation charged in the year 1,183 1,183
Revaluation (43,127) (43,127)
At 31March 2023 1,183 1,1S3
Carrying
amount
At 31March 2023 932,000 10,644 942,644
At 31March 2022 392,332 392,332
13 Debtors
2023 2022
Amounts
falling due		 within one year:
Trade debtors 6,404
Prepayments and accrued income 12,322 27,946
18,726 27,946

Loans and overdrafts
2023 2022
Bank loans 60,208 70,715
Payable within one year 11,250 11,250
Payable after one year 48,958 59,465
15 Creditors: am ounts falling due within
one year
2023 2022
Notes
Bank loans 14 11,250 11,250
Other taxation and social security 7,748 7,433
Trade creditors 1,744
Other creditors 2,402 4,968
Accruals and deferred income 27,235 7,801
50,379 31,452
16 Creditors: amounts falling due after more than one year
2023 2022
Notes
Bank loans 48,958 59,465
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Movement in
funds
Balance at Incoming Balance at Transfers Balance at
1April 2021 resources 1 April 2022 31 March 2023
Repairs and dilapidations reserve 67,000 67,000 67,000
Equipment reserve 8,000 8,000 8,000
Contractual commitment reserve 12,000 12,000 12,000
Key staff 20,000 20,000 (10,000) 10,000
Legal funds reserve 5,000 5.000 10,000 15,000
112,000 112,000 112,000

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2023 2022
Within one year 18,400 29,400
Between two and five years 13,000
18,400 42,400
Cash generated
from operations		 Cash generated
from operations		 2023 2022
Surplus for the year (97,719) 118,116
Adjustments
for:
(Gain)/loss
on disposal oftangible fixed assets		 4,548
Depreciation
and impairment		 oftangible fixed assets 1,183 4,355
Movements
in working capital:
Decrease/(increase)
in debtors		 9,220 (10,078)
Increase in creditors 18,927 8,000
Cash (absorbed
by)/generated		 from operations (68,389) 124,941

Analy sis ofchanges in net funds
At 1April 2022 Cash flowsAt 31 INarch 2023
Cash at bank and in hand 397,350 (90,723) 306,627
Loans falling due within one year (11,250) (11,250)
Loans falling due after more than one year (59,465) 10,507 (48,958)
326,635 (80,216) 246,419