2023-03-31-accounts - Newway Project

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For the Period ended	For the Period ended	31March 2023.	31March 2023.				2023 (9 months)	2023 (9 months)					2022 (12months)	2022 (12months)
						General		Restricted		Total		General		Restricted		Total
Ineomingles ources
Incoming resources from			Grants, Donations	and
Legacies
Grants					E	34,798	E	44,900	f	79,698	E	32,021	E	268,775	E	300,796
Donations						2,678			E	2,678	E	11,843			E	11,843
Bank Interest	received
Income from Charitable		Activities				7,126	E	165,384	E	172,510	E	17,692	E	220,232	E	237,924
Total Income						44,602		210,284		254,886	E	61,556	E	489,007	E	550,563
Expenditure.
Expenchture on Charitable			Activities
Salaries						21,315	E	148,904	E	170,219	E	9,790	E	195,605	E	205,395
Contractors							E	11,233	f	11,233		4,783	f	108,549	f	113,332
Volunteer Expenses						2,560				2,560	E	1,362	E	489	E	1,851
Other Project Expenses						5,332	f	82,225	f	87,556	E	14,664	f	111,111	f	125,775
Insurance								2,464	E	2,464	f			2,574	E	2,574
Support Costs						7,478	f	3,592	f	11,069	E	14,051	E	4,991	E	19,042
Total Expenditure						36,685	E	248,417	E	285,102	E	44,650	E	423,319	E	467,969
Surplus/(Deficit)	Income	over Expenditure				7,917	E(	38,133)	f(	30,216)	E	16,906	E	65,688	E	82,594
Reserves brought	forward					93,521	f'	138,401	E	231,922	E	76,615	E	72,713	E	149,328
Reserves carried	forward					101,438	E	100,268	E	201,706	E	93,521	E	138,401	E	231,922

as at 31March 2	023
					2023		30-Jun-22
Fixed Assets				f	4,259	E	4159
Current Assets
Debtors				f	20,223	E	46,076
Bank and Cash				f	181,857	f	187,144
Total Current Assets				E	202,080	E	233,220
Creditors: Amounts	fallin	due within one
ear				E	4,633	E	5,457
Net Current Assets				E	197,447	E	227,763
Net Assets				E	201,706	E	231,922
Reserves
General Fund				E	101,438	E	93,521
Restricted Funds				E	100,268	E	138,401
				f	201,706	E	231,922
These accounts were appro ed by the board oftrustees 87~ Chair of NEWway Matthew Porter			on	l75 Ccg

Grants										2023						2022	2022
								Unrestricted Funds	Restricted	Funds	Total	Funds 2022		Unrestricted Funds	Restricted		Funds		Total Funds 2021
Department for Levelling	Up,	Housing			and										E		95,388	E	95,388
Communities (DLUHC)
Homeless Link RRR2 programme													E	25,000				E	25,000
The London Community Foundation															f		14,834	E	14,834
(DBOF)
East End Community Foundation
(WEBOFF)
Greater London Authority															f		44,212	E	44,212
Bonny Downs Community	Association								E	2,080	E	2,080	E	7,021	E		6,580	E	13,601
(Souter Charitable Trust)
Housing Justice									F	12,820	E	12,820					28,955	E	28,955
Newham Community Hot	Meals		in						E	10,000	E	10,000
Warm Spaces
Albert Hunt Trust									E	7,000	E	7,000					5,000	f	5,000
Drapers' Charitable Fund																	7,500	f	7,500
Mrs Smith and Mr Mount	Trust																5,000	E	5,000
LBN COVID Mental Health	8 Wellbeing																9,943	E	9,943
Recovery Community Grant
Newham 10Year Anniversary		Small															1,680	E	1,680
Grant Fund
Nationwide Community Fund																	49,683	E	49,683
B&C(Foundation										5,000	E	5,000
London Catalyst										3,000	E	3,000
Vintners' Foundation										5,000	E	5,000
Lloyds Bank Foundation								27,250				27,250
Barratt Development Foundation								1,500				1,500
Newham Collegiate Sixth	Form Centre				(The NCS)			1,048				1,048
HMRC Employment allowance								5,000				5,000
							E	34,798	E	44,900	E	79,698	E	7,021	E	268,775		E	300,796
Note on Government and	Local		Authority			Grants:
Total Government grants	included			above			E	5,000	E	10,000	E	15,000	E		E	151,223		E	151,223

3	income	from Charitable	from Charitable	from Charitable	Activities				2023								2022
							Unrestricted	Restricted		Funds	Total Funds		2023		Unrestricted	Restricted Funds			Total Funds
							Funds								Funds				2022
	Housing	benefit					7,126	E			f		7,126	E	14,934	E		E	14,934
	NEWday	services						f	165,384		f	165,384				E	220,232	E	220,232
	Other consultancy		and training												2,758	f		f	2,758
						E	7 126	E	165384		E	172510		E	17,692	E	220,232	E	237,924
4	Staff Costs and numbers											2023					2022
	Staff costs were as		follows
	Salaries	and wages									f	153,446				f	184,676
	Social security											13,426				E	16,595
	Pension										f		3,348			f	4124
	Total										E	170,219				f	205,396
	No emplyee received			emoluments		of more than f40,0DD	(2021:nil)
	The average number			of	employees	during the year was as follows
													2023				2022
												Employees		WTE			Employees	WTE
						Projects Delivery						10
						Project Administration


This period												Incoming		Resources
									Balance as at 01			Resources		Expended	Balance as at
										July 2022		for year		in year	31st March 2023
Housing Justice										4,802	E	12,820	E	5,857	F	11,765
Albert Hunt Charitable Trust												7,000	f	7,000	E
Vintners' Foundation												5,000	E	5,000	f
London Community Foundation,			Deutsche		Bank Opportunity			Fund		906	E			906	E
London Catalyst												3,000	f	3,000	f
NEWday centre (BDCA/CGL)										76,177	f	165,384		176,962	E	64,599
Nationwide Community Fund										41,628	E			25,878	E	15,750
LBN Neighbourhood CIL Jk	Souter		Charitbale			Trust (BDCA)				2,620	E	7,080	E	6,990	E	2,711
LBN COVID Mental Health	8	Wellbeing		Recovery Community				Grant		3,486	E			3,486	f
Newham 10Year Anniversary		Small Grant								1,680	f			1,680	E
Newham Community Hot	Meals		in Warm Spaces									10,000	E	4,556	f	5,444
Drapers' Charitable Fund										7,102				7,102	-E
									E	138,401	E	210,284	E	248,417	E	100,268
Prior Year												Incoming		Resources
										Balance as at		Resources		Expended		Balance as at
										1July 2021		for year		in year	30th June 2022
Housing Justice										6,285	E	28,955	E	30,438	f	4,802
Department for Levelling	Up,	Housing		and	Communities		(DLUHC)			742	E	95,388	E	96,130	E
Albert Hunt Charitable Trust											f	5,000	f	5,000
Mrs Smith and Mr Mount	Trust										E	5,000	E	5,000	f
Greater London Authority										6,559	E	44,212	f	50,771
London Community Foundation			(Deutsche			Bank Opportunity		Fund)				14,834	f	13,928	f	906
East End Community Foundation			(Westfield			East Bank	Creative Fund)		E	3,982	F			3,982	E
NEWday Centre (BDCA/CGL)										55,145	f	220,232	E	199,200	E	76,177
Nationwide Community Fund												49,683	f	8,055	E	41,628
LBN Neighbourhood CIL												6,580	E	3,960	E	2,620
LBN COVID Mental Health	gr	Wellbeing		Recovery Community				Grant				9,943	f	6,457	E	3,486
Newham 10Year Anniversary		Small Grant				Fund						1,680	E			1,680
Draper Charitable Fund												7,500	f	398	E	7,102
									E	72,713	E	489,007	E	423,319	f	138,401

7	Tangible Fixed Assets	Tangible Fixed Assets		Computer Equipment		Total
	Cost
	1st July 2022		f	11,830	E	11,830
	Additions		E	1,320	E	1,320
	Disposals		f		f
	at 31March 2023		E	13,150	E	13,150
	Accumulated Depreciation
	1stJuly 2022			7,671	f	7,671
	Charge for year			1,220	E	1,220
	on disposais				f
	at 31March 2023		E	8,891	f	8,891
	Net Book Value
	at 31March 2023		E	4,259	E	4,259
	30June 2022		E	4,159	E	4,159
8	Debtors			2023				2022
	Housing Benefit		f	1,847				0
	Newday services Apr-Jun		f E	18,376 20,223			E f	46,076 46,076
9	Creditors: amounts	falling due within one year
				2023				2022
	Trade Creditors			2,179			E	1,588
	Taxation and social	security		2,454			E	4,041
	Accruals						f
	Other creditors						f	10
			E	4,633			f	5,639